RVR Toast

Tom Wilson asked:


The history of gambling industry is as old as human civilization. One reason for this could be that people have always been attracted by the ambiguity, and mystifying scenarios of betting. With the rapid use of Internet, online gambling has gained popularity in no time and today online casinos are a thriving industry. These online casinos are secure, safe to bait, provide lots of fun to practice as well as play interesting games and most importantly they give the users the comfort of playing from their homes.

Just like real gambling, online gambling also requires skills and loads of luck to play. One ought to know the rules and payout policies of the games before trying his luck on that. This article describes the strategies involved in two most popular online games i.e. Slot and Roulette.

Slot is the most preferred game played by the many online gamblers. The advantage of this game is, even with a single betting of as low as $1, you have the opportunity to hit the jackpot! The slot machine is also informally known as a one-armed bandit. This name stems from its appearance and its ability to leave the gamer penniless. The machine typically pays off based on patterns of symbols visible on the front of the machine when it stops. Modern computer technology has resulted in many variations on the slot machine concept. Today, slot machines are the most popular gambling method in casinos and constitute about 70% of the average casino’s income. Online casino slot machine are now available to people that want to play slots, but don’t want to lose all their money.

By law, the technological specifications generally require a minimum of 80 percent payback. This payout is tested and verified on every machine by an independent testing lab. Most casinos would never stay in business with that low of a payback. Most land casinos set their machines between 88 and 96 percent (payout). The online casino slot machines usually set their payouts at around 97%-99%. In addition, they offer very generous bonuses.

The cool thing about online gambling is that the overhead of the casinos is so small that they can afford to lose money on many of their players. Just make sure you’re one of the smart players that always get a deposit bonus. Do that small little thing, and you’ll be well on your way to being a winner online.

With simple rules and better expected values, Roulette is one of the most popular games. This game has the worst odds available in casino gambling. Gamblers are provided with several sets of colored chips without any value defined on them when they go for buy-in. The value of your chips is calculated based on your buy-in and the number or chips you have received. The house edge is the amount the player loses relative to a bet, on average.

If a casino gambling online player bets on a single number in the American game there is a probability of 1/38 that the player receives 36 times the bet (35 times the bet plus the return of the bet itself), so the house ends up, on average, with a 5.26% edge on each bet. For European roulette the house edge is cut in half, to 2.7%.

Why is this good? Well, let’s say that you get a deposit bonus. The deposit bonus is going to be around 100%. 100% is much bigger then the house average. So you can make good money with casino gambling online if you play roulette. You just need to make sure that you get a deposit bonus each time you make a deposit. That’s it! It’s that easy.

Oscar asked:


Did you know that online gambling business is currently one of the fastest growing business categories in the world? The popularity of online gaming is increasing rapidly and this year has seen significant growth in Europe and Asia. In China and Malaysia, there are twice as many online gamers as there are Internet shoppers. Around 43% of Chinese Internet users play games online, while just 16% report that they shop online.

Revenues in online gaming business rose from only $800 million to over $2 billion in 1999! By year 2010, it is estimated that online gambling industry will top over $16 billion in revenues! London-based Merrill Lynch analyst Andrew Burnett says online gambling could generate more than $150 billion in revenues by 2015.

Until recently small entrepreneurs had no chance of getting into the gambling industry, because of huge capital investments, gaming license acquisitions and legal red tape. The internet eliminated all the obstacles. You can now own and promote your own online casino, sportsbook and multiplayer poker room gaming business and generate revenues you’ve only dreamt about.

There are 3 ways to start an online gaming business:

1) Most Expensive - Design and implement all gambling software for an online casino, sportsbook and multiplayer poker room which could cost you millions of US Dollars. You will also need to obtain a gaming license to run your online gaming business, which requires approval from most governments. However, you will have full control of your gambling site, and full knowledge of the source code of your gambling software. In addition, no royalties are paid out to a gambling software development company.

2) Average - Become a Licensee of an Online Gambling Software Provider. This is a far less expensive option to start an online gambling business and you will receive all the gambling software and sometimes even the equipment necessary. It is also the most popular option for both licensed land-based establishments as well as entrepreneurs. Costs range from $30,000 to $350,000. The average licensing fees are around $150,000 (this usually includes marketing costs). In most cases a royalty is paid to the gambling software provider as a percentage of the monthly “take” or “drop” (gross profit). Usually the gambling software provider has payment processing (merchant account providers) already set up for a fully turnkey operation.

3) Most Affordable - Become a Sublicensee of an existing Licensee. This is the least expensive option to start an online gambling business. Costs range from $5,000 to $60,000. The sublicensee is responsible for all the marketing and receives a smaller percentage than a full licensee (2), because royalties paid to the licensee are much higher.

To legally operate online gambling businesses, online casino and poker room owners turn to sovereign governments in countries that permit online gambling and duly issue licenses for gambling operations. The casinos and poker rooms are registered as offshore gambling operations and in turn, the respective countries gain significant licensing fees and tax-generated revenues.

As Internet use spreads across the globe, online gambling business will continue to be one of most profitable online business opportunities of the 21st century.

Sarah H asked:


This article is aimed at answering the question “is online gambling illegal.” With the fast increasing popularity of online gaming and betting, a very common debate would be “is online gambling illegal.” As we all know there are several sources which can give us information on the subject however, with the large amount of contrasting information that is available it is difficult to select what the truth is. At the end of the day I think all online gamers want is the simple truth and the facts of whether or not is online gambling illegal because it would be really frustrating to have your winnings be taken away by the government or to be prosecuted just for having some fun.

Unfortunately, the answer to our question of “is online gambling illegal” is not a simple one, as it cannot be answered with a simple ‘yes’ or ‘no’ response. This is so because the laws vary based on the country/state in which an individual lives. Therefore your physical location and the location of your favourite online gambling website is what will decide the legal status of your bet.

For instance, in the US it is illegal to own even one of the more favorable gambling sites without the appropriate and correct licensing, and to put a damper on things a rule has been passed to ban the granting of online gaming license by any state. The government does have two valid reasons for this ban and they are problem gambling, internet fraud, and money laundering. They claimed that because online casinos would simply be a click away it would be a lot easier for individuals to access and them, therefore they could get hooked on it - that is develop an online gambling addiction. As for internet fraud it is very easy for individuals to scam you out of your money and they cannot be tracked very well over the internet. Money Laundering could very well be a big problem as a criminal could quite easily place his money into the casino and then withdraw it and it will be in different bills and denominations.

The points that are highlighted are serious and real issues in America however online gambling is legal in many other places including most of Europe. The European law enforcement agencies have found ways to monitor online casinos to protect the citizens of their countries and to prevent money laundering from occurring quite effectively. If you do wish to gamble online you should definitely locate an online casion based out of Europe to reduce the risks to you both of being defrauded and of you being prosecuted if you are an American or on American soil.

Therefore as for our question of “is online gambling illegal” I would say as I mentioned earlier it would depend on where you are located and the laws on online ambling. In closing, if you need to get information on which are the countries/states that are legal to gamble online as well as their laws you should contact your local law enforcement offices and consult with them as to the legality of online gambling in your particular area.