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Posts Tagged ‘money’

Always Focus on Your Money

Wednesday, December 15th, 2010

When it comes to managing your money, you have to be vigilant if you are an online gambler. First of all, be sure you trust the casino you are wagering at. Sure you see a great game that you think you are going to enjoy, but that isn’t everything. You have to make sure the casino is holding up its end of the bargain. The casino should be providing the top notch security it takes to protect your information. Though companies that are scams aren’t all that popular in the market they are still out there. you need to be sure you understand the casino you are wagering at to protect yourself. Second, when you are playing at a casino, be sure to understand what the payout procedures are. Some casinos create a mandatory ten-day waiting period for collecting the bonuses. Other casinos offer a great startup bonus, but then you read the fine print and realize that your bonus comes to you over the course of twenty deposits. Are you ready to stick with a casino that long? You have to ask yourself if you are ready to commit to that kind of timeline if you see a casino bonus structured like that. For avid gamers, this may be no problem—the may have no problems wagering at the same casino aggressively over the next six months. On the other hand, a gamer may be at an online website to just test out the games. They don’t want any commitment, but just want to click and play. This too is an option in the world of gambling.

You also want to be sure you understand a game’s wager requirements. Just because two tables or two games look alike does not mean that they are. You want to do a little research with your gaming and make sure that you understand the inner rules. Remember every casino has a protocol. They have to share it with you in the Terms of Service, but if you don’t read it, then how are you going to know what to do if something happens? Be sure to do a little research before you wager in a new casino. You are going to be happy you did when you are playing at your new favorite casino.

Ways to Fund Your Account

Wednesday, December 15th, 2010

Because of the growth in gambling, ways to deposit to your account online are expanding too. There was a time when you could play online games only if you had a credit card and an e-wallet solution. Remember that we have been working under the UIGEA, or Unlawful Internet Gambling Enforcement Act, is still in effect. Sure there are plenty of people fighting the bill, but it has yet to be changes. As of right now the UIGEA is in full effect. That means that financial institutions are still hindered from accepting gambling-related activities or processing them.

For this reason, if you are in the US and want to wager, you have to use an e-wallet solution for gaming. This is one of the most important third-party relationships you are ever going to have. The e-wallet solution is a convenient one. Basically it is the way for a company to hold your money. That company isn’t a bank so it doesn’t fall under the same laws that banks do. This should make it more possible to wager and easier to fund your account. PayPal is an e-wallet solution of sorts, but it does not allow for gambling in the US. The company pulled out of the US when the UIGEA went into effect back in 2006.
If you need to fund your account, you should use some e-wallet like Quick Tender, Neteller, Pay Spark, e-Wallet Xpress, or My Wallet. Any of these companies is reliable and you are going to be able to safely deposit money to them for wagering. In addition, having a third-party hold your money also protects your actual bank account. You control how much you deposit to an e-wallet. If you want to limit your wagering to just $100 this week, you can deposit just that amount. It is a great way to monitor your funds. On the other hand, you also can use a bank transfer to fund an account. This is easy, but you have to be willing to wait for the transfer to go through. Depending on the speed of your bank, this option could take a long time though. The best way to fund your account is to use the e-wallet option.

Checking Payout Procedures at a Casino

Wednesday, December 15th, 2010

Have you ever heard of an online casino that doesn’t “pay out?” The market of gambling has a wide variety of online casino options. Just like other forms of business, you are going to find good business and bad businesses. Just take a look at one mall—you may have a top notch women’s clothing store in one corridor but a horrible clothing store right next to it. Your job is to do a little research and find out whether or not the store you are going into actually has what you want and can offer it with the right amount of customer service you need. The exact same is true of online gambling companies. You want to play at the ones that are going to take care of all your needs—gaming, bonuses, customer service and most importantly, payout. Different companies have different rules regarding payouts. Some casinos, for example, require that you wait a certain number of days before you collect. This isn’t necessarily a scam or any illegal move; it may be that they have a certain confirmation process that takes a little longer than most. You want to do a Google search to see what other people’s experiences with games at the particular casino you are considering. See if that gives you any insight into what is really going on with the casino.

Before you sign up at a new casino you should always be familiar with their payout procedures. You are going to be able to find this information in the casino’s Terms of Service or TOS. The TOS page is the one that is going to give you a great idea of what you need to do to collect a win. Normally there are different procedures for winning different amounts of money. If you win $50, most likely it is going to be automatically deposited to your account almost immediately after you win it. You should not wait for more than twenty-minutes for your money to be in your account. On the other hand, a $50,000 win is going to take a little longer. The TOS is going to tell you clearly what exactly to expect when it comes to the payout.

Setting a Bankroll When Gaming

Tuesday, November 30th, 2010

If you are going to wager online or at a land based casino then you need to concern yourself with how much you are going to wager. This is one of the first concerns of any gambler. The last thing you want to do is go overboard with your limits. Remember that the “house always wins.” This means that most likely you are not going to walk away with a huge payout. You most likely are going to wager for a few hours and then when you run out of money, leave. You want to make sure that you set a limit for yourself when you are at a casino. Never set limits when you get there, or fail to set any limits at all. You want to make a decision well before you log into an online casino or go to a land based casino. Make sure that you figure out how much money you can reasonably afford to lose. Assume that everything you bring to the casino you are going to lose. Can you still manage your bills? Can you still come away with some returns? Are you picking enough to be safe?

These are all questions you should answer for yourself. Remember too that the online or land based casinos are built for one thing: to encourage you to continue wagering. The lights, the sounds, the excitement, the promotions and the layout of a casino is built for that reason. Casino operators know that they want to encourage gambling as much as possible. According to studies, if people are kept in a casino they are going to continue to wager. In the same way, studies have shown that if people are fed free alcohol, they also are going to keep on wagering. This is why you have to protect yourself and the time to do it is well before you get to any kind of gambling situation. This is the way you are going to protect yourself and make sure that you don’t go overboard with your wagers or limits. Be sure to take some time to figure out how much you can afford to lose and then stick to that limit. Never let yourself be tempted to go back for more money—determine to stick to your limits and you won’t go overboard.

SCasino.com Teams Up with Moneybookers

Friday, November 19th, 2010

SCasino.com is a newer online gaming website, but that doesn’t mean it has anything to be ashamed of. The online casino is one of the best you are going to find out and it is making a name for itself quickly. The casino has hundreds of slots games to enjoy and if you are a fan of the games, then this is a great place to stop once in a while. You are going to love the variation of games you find here. The casino has a long list of three-reel, five-reel and nine-reel games to enjoy. You aren’t going to easily get bored here with the selection. Overall this is one of the biggest selections in one place that you are going to find online today. If you get to the casino, you aren’t going to just find slots either. This casino also has a long list of table games to enjoy and these all are attached to some type of promotion to enjoy. The casino just announced that it is offering a new deal for depositing money too.

Right now SCasino.com joined up with Moneybookers.com for some additional payment flexibility. If you deposit to their account using Money Bookers you can take advantage of an additional £555 welcome bonus in addition to the casino’s other match bonuses. This is a huge advantage and anyone wanting to stretch their money even further is going to have a lot of fun. Not only can you take advantage of the match, you can use this bonus combined with it to play that much longer. You can test out games with no real risk to your own money because you have so much extra to take a chance with. Overall this is one of the best deals, plus it helps that Money Bookers is a premiere e-wallet solution. You aren’t going to have any problems with the e-wallet because it is one of the best in the market right now. Test out the promotion and then get over to SCasino.com and see how much money you can get on your first deposit. Use that money to play games and enjoy all this casino has to offer.

The Best Strategy for Online Gambling

Sunday, October 24th, 2010

One of the best ways to have a good gaming session is to plan ahead. You want to come to a casino with a good strategy to follow. The first thing you need to do is set a bankroll limit. Remember the amount of your bankroll should never be more than you can afford to lose. Let’s say you have five hours to kill at a casino. You may want to portion that out and allow yourself $60 per hour in wagering. Putting yourself on a wager schedule for your time at the casino makes it more possible to stay within your budget but still have a great gaming session. You also may want to set your blind limits. This means that you are going to take five chances say on a game and if you don’t win, move on. It is always a good idea to settle these things in your mind before you get to a casino or if you are playing online, before you log in. You never want to go overboard.

Another thing to watch out for is your win limit. This may sound odd, but you may want to put a cap on how much you want to win too. Let’s say you decide to play poker and if you win $150, you are out. You are going to cash in and leave. This is always another good idea because if you don’t set a limit here it is possible to keep on wagering. You may get excited with your wins and want to keep on putting your money down on the casino game. Of course the casino wants you to keep on wagering because if you win some money but play long enough the casino knows it is going to win that money back—and then some. That is why casinos are so encouraging of you wagering more and more. Be sure if you are going to wager you set limits for yourself and then stick to them. Remember that the excitement of a casino or a “great deal” can tempt you to go overboard. Don’t fall for it—cut your loses and walk away when you are up.

Unclaimed Jackpots Still Out There

Thursday, October 21st, 2010

Interestingly some jackpots are left unclaimed. It seems odd, but in the market there are still some gamers who forget, don’t want or deny their wins. Sure it sounds crazy to many gamblers waiting in line to make a big payout, but it isn’t unheard of in the market. Research has shown that the most common reason is a lost ticket. People buy lottery tickets, but then forget about them. They stuff them into the purses or in their cars and then forget about them until they clean either one out. Once they do, the lottery has long been called and they don’t even bother to check to see if they are the winner of the game. Right now for example, at the UK website Euromillions.com there is a huge win waiting. The jackpot is a startling £113-million in payout. It is unclear if it is just one lucky winner who will end up with the prize or if it’s a group of people who worked together to win the payout. Either way, right now it is sitting at the lottery office unclaimed. Lottery officials are reminding people to continue to recheck their lottery tickets and look for any tickets that may have been put aside and forgotten about.

One lottery official stated that they have a long list of winners who didn’t claim their prize. When they finally did they admitted that the ticket was found in an old pair of pants or behind a couch cushion. This is the first thing they advise people to do in times like this. To do some critical checking to see if they have any lost tickets that have yet to be checked at a lottery center. The company is embarking on a promotional campaign via radio and print ads that is calling for people to check—especially if they are frequent buyers of lottery tickets. It is easy to buy a number of tickets and check all but one or two, one of which could be the big winner. So far the UK has handed out a huge amount of wins in lottery earnings. The Euromillions game began back in 2004 and has become one of the most popular lotteries in the world.

2Plus2 Reports Money Laundering

Friday, October 15th, 2010

One of the main arguments against online gambling is the predicted rise in corruption, crime and money laundering. Opponents of gambling think that if casinos are legalized, it will inevitably open the door for other problems in the market. Without the proper way s to monitor them, it is going to be difficult to defray the costs involved. For example, if there is a considerable rise in addictions, there will have to be the proper resources brought to the market to counsel people. Not only will they need counseling though; addicts can damage their lives to include foreclosure, repossession, and losses of family and friends. These all cost the government funds to fix and that is the cost that gambling opponents don’t believe the US should take on lightly. They also don’t believe that the benefit of tax revenue dollars will mean much if that money is going back into helping problems caused by gambling’s legalization. Though the decision has not been made, the Obama administration is doing something to fend off the problem of money laundering. It is the group 2Plus2 that is making the prediction of the administration. It believes that soon the government will monitor all international fund movement. Prior to this, only amounts over $10,000 were monitored; anything less could be moved without notice. 2Plus2 states that those rules are long gone and the government will soon begin monitoring all money transacted in and out of the country.

This is definitely a good thing. Since the UIGEA began US gamblers did not stop gaming as hoped. Instead they kept on gambling but they did it at offshore companies. Of course these companies were more than willing to allow US players to bring their money and as a result billions of dollars were fueled out of the country. That money most likely will never return, but the US is now doing something to keep up with it. They are trying to find ways of better watching funds and seeing how they move from country to country. It is a time when the economy is at its lowest in decades and that means it has to watch closely what is happening in the market.

US Commits to Monitoring Money

Friday, October 15th, 2010

The US is getting smarter. In the past days when the UIGEA was first brought to the market no one knew that gamblers would be as determined as they were. In fact a lot of legislators believed that the UIGEA would eliminate gambling and people would find other things to do. Contrary to what they thought, that didn’t work. People continued to wager, but without an option in the US, they merely moved their gambling elsewhere. They moved to offshore companies and channeled millions of dollars out of the country as a result. It was terrible news for the US, but it was indicative of the global market and what it has become. No longer do customers have to rely on one geographic area to provide for all of their needs. With the rise of the internet and online commerce, people can get whatever they want from anywhere they need to. It’s a difficult time in the market and gambling has especially been a huge monetary loss for the US. So what is being done to change things?

The US is now committing to spending up to $30 million to build a monitoring system to watch financial transactions that move in and out of the US. The purpose is to monitor illegal online activities from companies that are not regulated by any one government. The US is also trying to protect citizens from illegal predators who want to bilk them for millions of dollars. In addition, the monitoring should also help to counteract acts of terrorism by sending the movement from illegal gambling accounts to the improper hands. Money laundering is also a concern the US has and watching money could put a damper on this activity too. Thus far the US has only been concerned with amounts greater than $10,000 moving in and out of the country. Now they are widening that cap and looking for money of all levels. They want to know if smaller amounts that are less traceable are moving to and from the country for illegal purposes. They are willing to spend money to watch what is going on in the market, but are their efforts too late?

Setting Your Bankroll is Important

Sunday, October 10th, 2010

The single most important thing you have to do when wagering—whether online or at a land-based casino—is set your bankroll. Your bankroll is the amount of money you are setting aside to wager with. One mistake a lot of people make is to not think about their bankroll much until they get to a casino or log into one online. This is dangerous because of the nature of a casino. Remember that casinos are built to encourage gambling. The lights, the promotions, the sounds, the excitement of a casino are all put there for a reason…to keep you putting down your hard-earned cash. If you aren’t wagering, the casino isn’t making money so they do their best to coax you into spending more and more. Casinos build promotions with higher buy-ins and bigger payouts for a reason—to keep you interested. They know full well that if the deal is sweet enough, people are going to take advantage of it. Just visit any casino and you no doubt will see a long list of promotions to get in on; these are the lifeblood of a good casino.

Because of the excitement factor it is always important to set your bankroll well before you get to a casino floor. You want to calculate how much money you can reasonably afford to lose. Not that you are going to lose it, but what if you do? You want to make sure that you aren’t wagering your rent payment or phone bill money. Make sure you set your bankroll well before you start your computer or pull into a casino parking lot. It’s easy to get caught up in the excitement of a great sounding promotion or good game. Casinos thrive on your impulse decisions! You want to calculate how much you can afford to wager and the stick to it. Remember too that a casino makes it twice as easy to get more money if you run out. Just look at a cashier and you can see a line where people are waiting to withdraw more cash to play with. And online it’s even easier to click on a few buttons and have more money transferred to your account. Be smart with your money and always watch it. Stick within your predetermined limits and stop when your bankroll is out—you never want to go overboard with your hard-earned cash.