Posts Tagged ‘casino’

Rogue Casinos - Get Them Away From Your Money!

Thursday, October 16th, 2008

Rogue online casinos seem to be everywhere!  But what are they?

“Rogue casino” is a term describing an online casino that for whatever reason does not conform to normal, proper online casino behavior.

A good and frequent example is an online casino not paying out the money you won or deposited.  The problem starts when you request a withdrawal.  Then any excuse under the sun is given for them not being able to fulfill your request.

The usual excuse is that they do not have your withdrawal details, even though you have sent it to them dozens of times. Other excuses include that they have “administrative” or “system” problems or that they have already sent out the cheque and it was probably lost in the post.

I have even heard the excuse that they recently had to pay out a big jackpot, which impacted their cashflow and therefore they will only be able to honor the withdrawal request at the end of the month!  Unbelievable!  Do you really want to play at a casino (online or offline) that has cashflow problems?

Now sometimes even good casinos can encounter some of the problems mentioned above.  The telling difference is how they have dealt with it.  They correct it quickly and with a minimum of fuss.

Believe it or not, there are hundreds of these rogue casinos on the internet today.  And they seem to be multiplying.

What does this mean for you, the casino visitor?

Well, simply that you have to do your research before choosing an online casino.  After all, you would not deposit your money at a bank before checking out the bank first.

So how do you find out if an online casino is reputable?

*1.  Check out the casino’s website.  Read all of it, especially the terms and conditions.  You do not want to be surprised later with an obscure condition about paying out!

Remember, if the website appears unprofessional, it is usually a good indication that the company behind it is as well.

*2.  Contact the casino.  Email their customer support with a query or problem.  Good casinos answer back within 24 hours and will bend over backwards to solve your problem.

These are the casinos you want to play at.  At least now you know that when you have a real problem, it will be resolved quickly and without any hitches.

*3.  Ask people.  If you know anybody that plays at a casino you are interested in, ask them about it!

For instance, the casinos listed on http://www.1stopcasinobonuses.com are casinos offering excellent casino bonuses, all of them with good reputations.  There are also many other websites or forums where you can check up or ask people about other casinos.

The better casinos know that the best type of marketing is by word of mouth.  Therefore they do everything in their power to make sure that all their visitors enjoy a good experience at the casino.

Casino Bonus – Fact or Fiction?

Wednesday, October 15th, 2008

Casino bonuses – what is up with this?  Is somebody actually nice enough to give you money for free?  Sure, and pigs fly!

You see, the people running online casinos are actually quite clever (no, don’t laugh).Casinos know that giving away online casino bonuses will not only attract new customers, but in the end they will make money from it as well.

And don’t think that this is a new idea.Brick and mortar casinos all over the world have used "freebies" to attract new customers to play at their casinos.  Think about the free drinks, rooms, etc that casinos offer.

How can online casinos make money from giving away money?  Casino bonus deals are structured in such a way that you can only withdraw it from the casino after you played a number of hands/rolls/spins.The casinos know that only a handful of people will have any of the bonus amount left by the end of these hands/rolls/spins, never mind the full amount. Plus, they probably lost their own deposit in the process!

Most people that play at online casinos are either fun players or they don’t have a strategy, or both!  These people are the lifeblood of a casino, as they have no idea how to overcome the advantage the casino has over them. 

Every casino game has a house edge (the average % of profit that a casino makes from a game).  The only way to overcome the house edge is to enter the casino with a working strategy.

However, let's get back to our discussion about casino bonuses.

Even though they get bad press, casino bonuses are very useful.  You won’t get rich using them (unless you win the jackpot!), but armed with a bit of knowledge, it is an easy way to make some extra money.

Before you sign up with an online casino based on their newest casino bonus, you must read the terms and conditions regarding their promotions.All the terms and conditions are important, but it is vital to check out the following 3 elements:

Wagering requirements

Simply put, this is the amount of money you have to wager before you can withdraw the bonus. This is normally expressed as a multiple of your deposit plus your bonus.

Example: The wagering requirement is 20x, you deposit $100 and get $100 bonus. Therefore, you have to wager a total of $4,000 before you can withdraw the $100 bonus.  You can withdraw your deposit at any time.

Excluded games

Very important!  Some games are excluded from fulfilling the wagering requirements.  These are usually the games that have the lowest house edge, including Roulette, Craps and Blackjack and all their variants. 

However, if you spend a little time and search around, you will find casinos that will include one or more of these games in the wagering requirements.

Withdrawal conditions

A few casinos have withdrawal conditions to withdraw the bonus.  Even if you have fulfilled the wagering requirements, you still have to meet certain conditions.  These might range from depositing a minimum amount of money to being able to withdraw your winnings only after you reached a certain amount.

These extra conditions mostly relate to free casino bonuses (where you do not have to deposit any money to get a casino bonus).  But beware, there are some casinos where these conditions apply to the normal deposit match bonuses.

Strategy

In order to make a bit of money from online casino bonuses, you have to follow a proven strategy.  Your goal is to get through the wagering requirements without losing too much of the bonus.  That way you have your initial deposit plus a bonus amount which you can withdraw to make a nice profit. 

Who knows, you might even have a very good system and make some profit on top of the casino bonus!

Beat the Casinos

Saturday, October 4th, 2008

Do you have what it takes to become a successful (and profitable) gambler?  Read on and find out:

1.  A gambling system

No matter what your game, a gambling system is being marketed to turn you into a winner.Unfortunately the vast majority of them are built on empty promises and do not work. 

So how do you find a system that works?  The easiest way is to get a personal recommendation from somebody that you trust, who has used the system with positive results.  Otherwise it is a long, hard slog through all the promotional rubbish to find a system that makes sense to you.  Don’t just buy the first one that you see.Research the creator and make sure he has a reliable reputation? 

A good system does not only include a gambling system, but also a bankroll system, win/loss criteria and preferably a flexible approach.  I can’t stress this enough!  I have seen so many people lose their money because they did not have a sufficient bankroll or their system was not flexible enough to change if they were losing.

Your system needs to rely on mathematical and statistical odds to make a consistent profit.  If this is the case, the laws of nature are on your side!If a gambler plays by following his gut he can win big, but shortly thereafter he will also lose big.

So now you have a good system and you are raring to go and win some money.  WAIT, because you might still lack what I feel is the most important element of a successful gambler.  You need the right mindset…

2.  The right mindset

At this point some people will stop reading and ignore the “mumbo-jumbo”.  To them I say all the best of luck with your gambling and I hope you become successful.  But chances are that they won’t.  Sure, they might win a few hands/pots, but over the longer term, they will consistently lose.

For those of you still with me, what do I mean by the right mindset? 

Well, for starters, don’t see yourself as a gambler.  Gambling implies relying on luck to either win big or lose big.  See yourself as an investor.  You invest your time and money (bankroll) to make a profit. 

Believe in your system.  This is why it is so important to use a reliable and proven system.  You need to be sure that although a session might end in a loss, you will recoup the loss in the next few sessions.

Let us look at an example:  In your first session you make a profit of $100.  In your second session you make a loss of $200.  So your net loss will be $100. 

At this point many people quit and whinge about the system not working as it is supposed to.  What they don’t realise is that the next three or four sessions might net them $400 profit.  So not only do they lose a system that might make them consistent profits, but they lose $100 as well!

Calculate your winnings and losses in units.  Why?  Well, if you play with $1 chips, then wagering two or three chips (units) is not a big deal.  What about playing with $20 chips?  All of a sudden you are wagering $40-$60 on a single play.  Your mind tells you that you are staking a lot of money, which in turn causes you to have doubts about your system.  This is where people start to play too carefully and not follow their system.  End result: they lose the money.  If your system worked with $1 chips, there is no reason for it not to work with $20 chips.  Remember to always wager amounts supported by your bankroll. 

3.  Casino bonuses

The last weapon in your arsenal is casino bonuses.  What a great way of making money by using the casinos’ money against them!  Obviously there are a lot of requirements associated with this.  I mean, why would the casino give you free money?  Discussing these requirements would be and article or two on its own! 

If you implement and developed the points mentioned above, you will already be ahead of the majority of gamblers and on well your way to beat the casinos.