Comments Off on Top 5 Tips for Online Gambling Success for Beginners
Online gambling is a whole other ball-game that is fun and easy. It is a great way to try-out your luck and chances of winning big but do not go in blindly. Knowing how to play right can be the transformation in your finances as you enjoy the game from the comfort of your home. You need tips and insider information to succeed at this game; and here is how to succeed at online gambling:
i. Choose wisely the games to play
You have better luck engaging in a few games that you really enjoy than going for any random game. Perfect your art in these games, know the rules, obtain experience, and you will bag a system that favors your chances of winning.
You can apply this strategy for any type of game. There can be online casino slot games or conventional card games. There are also games that help you optimize your chances of winning such as Craps, Roulette and Baccarat.
Learn how to play and do not assume anything. Assuming you can play when you have never is like throwing your money away.
ii. Have a plan of action
It is important to go for low jackpot and high jackpot games. The low jackpot games pay out more frequently and when you play the two, it is easy to win money. Low and high jackpot games help to keep the balance between wins and mastering the game. Have a tactic for each game and play based on the odds on the game.
iii. Do not ignore offers that come your way
You will find a guide on offers, gifts and promotions that appeal to you in online casinos. These enticements are meant to get you to sign-up for their slots. You should take advantage of these since they give you a free shot at the jackpot.
Browse through the online casinos to find the best deal and do not rush into making a decision. Go for an acclaimed gambling operator considering their years in the industry, the reliability of their software and the odds it offers.
iv. Know when to stop
As important as it is to know when to play, it is equality important to know when playing is not good for you. You can have a strategy but encounter bad luck on the game. If this happens, then you should leave the game for another time. Know your deposit limit for each day, week or month and do not exceed this. This keeps you on check and helps preserve your bank balance.
v. Avoid greed
A big mistake in online gambling is not quitting while you have the upper hand. A big win can give you false hope and morale to continue playing with the expectation of even larger wins. This greed is not good and can result in negation of the wins already made.
Gamble responsibly and master the games that you know best. Online gambling can surprise you at how much you can earn, and the fun you can have if you play wisely and restrain yourself. In addition, knowing the forex gains and loses you incur informs your decision on how much you really make from online gambling games.
Comments Off on The Roots of Online Gambling
Amid the host of things that got transformed with advent of technology and internet, is also the way individuals gamble. The traditional form of gambling took the face of Online Gambling as soon as internet was introduced in 1994 across the globe. Online Gambling, which is popularly termed as internet gambling, is simply the practice of gambling involving internet technology.
Online Gambling that currently exists in the form of video lottery terminals, scratchcards, keno commonly, made way in the 20th century—changing the whole face of gambling. The advent of Online Gambling increased betting and the size of money involved.
From about 5 internet gaming sites launched in 1994, the number rose rapidly to 15 in next three years. Gambling, played using internet was first legalised in Antigua and Barbuda in 1994 by way of the Free Trade and Processing Act. Under this Act, online Casinos were allowed licences to start business.
This was followed by development of an online security software company which boosted safe monetary transactions and online trading. Soon in 1996, the Kahnawake Gaming Commission, the regulatory body for poker rooms and online casinos, was constituted to ensure fair trade in gambling sector.
The multiplayer Online Gambling was introduced in 1999 and proved to be another leap in the field of online gaming. It allowed online chatting and interaction between the players involved in Online Gambling.
Online Gambling soon became popular and legal in other countries like Australia, UK, Canada, Germany, France and few others. Online Gambling, however, is banned and prohibited in India.
Online Gambling currently exists in forms of online poker, casinos, sports betting, bingo and lotteries. In online poker, players play against each other individually and not in groups and make use of cards. It is based on the cash based structure.
Sports betting, as the name suggests, involves betting over the outcome of the sports and deciding a winning amount. The bid amount is commonly termed as wager.
Online Casinos, meanwhile, involve a number of games including roulette, blackjack, pachinko and baccarat. These games are played in groups called house and involve huge volumes of money.
Online lotteries are mostly regulated by the local governments. This is done to avoid frauds as these involve huge monetary transactions. Earlier, some private lotteries existed in a few countries. However, these gradually perished due to strict government regulations.
Other simple forms of Online Gambling include mobile gambling and pre-deposit wagering.
Since Online Gambling involves low investments (as no physical casino or space required), can prove to be a prime source of income for gamblers. The profit margins and bonuses involved in Online Gambling are often much higher than the average monthly incomes of the players.
The Online Gambling market, currently, is worth 13.8 million USDs. The revenue earned worldwide through online casinos alone is estimated at 12 billion USDs.
Forex, a form of buying and selling foreign exchange on the basis of market value of currencies, is often counted among the list Online Gambling types. However, the debate is still continued. Many experts state that forex cannot be called gambling as it involves serious business investments and long-term earnings. There are other theories that state that forex can be perceived as a huge money spinner and hence be categorised as one form of Online Gambling.