Free Casino Money Gambling Blog Archive for January 2009

Archive for January, 2009

All the Money in My Account is Gone – Now What?

Gambling is a lot of fun, but it can be fairly expensive if a player has a number of losing hands or they play over a long period of time and slowly drain the money out of their online casino account. Most people will, at some point, run out of the money they deposited in their gaming account and they will be forced to make a decision as to what to do next. This eventual disintegration of money is true even if an online casino gambling site offers no deposit bonuses or matching account amounts for their players. Sometimes, players don’t have to face hardship in order to have a zero balance in their casino account. It is possible that the player simply withdrew all of their winnings and had them deposited into their offline bank account. Regardless of the situation, when all the money is gone, players have two main options to consider.

First, a player can quit while they have the opportunity; while they are ahead after withdrawing money or less so after spending all the money accumulated in their online casino account. Playing at an online casino is fun, but it doesn’t have to consume one’s whole life – or their bank account. However, this is not one’s only option. It is also possible to deposit more money into your online casino gambling account. This would enable you to play more and play longer, without being interrupted. Regardless of what you decide, it is important to remember only to spend the money you can afford on gambling at an online casino. Never use the money you need for other things in order to continue your online gambling.

Is it Possible to get a Virus on my Computer as a Result of Downloading Casino Software?

It is very, very unlikely that a person will download a virus with their casino software package. This is primarily because a casino does not want you associating their site and casino or gambling games with a virus. Casinos are established in order to offer individuals entertainment and pleasure – not fear, frustrations and problems. Therefore, most reputable casinos will not take the risk of alienating their audience with potentially dangerous or hazardous software downloads. Online casinos do not want their customers to be scared away; this would not earn them any respect, customers or money. A virus would potentially cause the software to malfunction, which would mean that even if downloaders did not know there was a virus on their computer yet, the software would not work for gambling or gaming purposes. Even if the software was still functional, the virus woud prevent the computer from functioning properly, and therefore limited, if any, gaming would take place. This would lose the casino any potential profits they may have otherwise been able to enjoy. As a result, viruses are no good for anyone – the gamers or the casinos.

To be on the safe side, however, it is advisable that you scan any files you are going to install with anti-virus software. This should be done for all files, not just casino software files. Most viruses will be identified with anti-virus software before they can harm the computer as long as this scan is performed before the file is installed.

Still, casinos understand the fact that some individuals are wary of viruses and other hazards as a result of their software. To help combat this situation, many online casinos will offer games on their website. The advantage to this is that players are able to play the games online and not through software which would need to be downloaded.

What is Available for Play Online?

The online casino and gambling industries have exploded from their meager beginning in the early 1990’s. Since this time, online casinos and gambling sites have gone on to enjoy millions of players and great success. Some of the games which are offered by these sites are obvious and well-known. For example, many players enjoy No Limit Poker and virtual slot machines. But what else is available to players who are looking for different and exciting wagering opportunities in the online world?

Online lotteries are available and profitable. Many people enjoy this activity and are familiar with it thanks to the state lotteries which are held in countries such as the United States. When it comes to these online lotteries, there are some jackpots which offer winners a grand prize amount in excess of one million dollars. Some of the other games which may be enjoyed at online casinos and gambling sites include the popular casino games Blackjack, Roulette, Craps, Video Poker, Keno, Baccarat and a variety of poker games, such as Texas Hold ‘em, Pai Gow Poker, Red Dog Poker and Caribbean Poker. In addition to these games, online sportsbooks are also available. Instead of calling a bookie to place sporting wagers, individuals can bet online, which offers many people a types of convenience and reliability they can truly enjoy.

Everyone has a favorite game – whether they enjoy the challenge of it or, if they have been very lucky, the profit they are able to earn as a result of the game. What is your favorite online casino or gambling game?

Popular Terminology for Online Sportsbooks

Online sportsbooks are comparable to telephone sportsbooks which gamblers and waging enthusiasts are likely familiar with using. However, when it comes to online sportsbooks, individuals do not need to phone in their bets to their bookies. Rather, the betters are only required to fill out an online form declaring their intentions when it comes to sporting ventures. For the most part, online sportsbooks are the seposit and withdrawal options that are available for online sports books are the same as thos utilized for online casinos. In some cases, online sportsbooks are extentions of specific online casinos.

In order to bet productively when it comes to online sportsbooks, it is important for gamblers to understand some of the terminology which can be used to place bets. The most popular terms include:

Parlays: This bet is placed on the outcome of two or more selections. These selections have been bundled together in order to help increase the payoff in the end. If the selections for the bet had been placed separately by the better, the payoff would be less than that won through parlay wagering. However, in order for the better to win a parlay bet, all selections need to be won.

Teasers: When a teaser bet is placed, betters move the Side or Total for all the wager’s selections. This is done by a selected number of points. Teaser bets offer selections between two and nine. Winners result when all of the better’s selections win against the stated teased line.

Round Robins: Sometimes, a series of parlay-type wagers may be placed. They are then referred to as Round Robins. The selections for a Round Robin may be any type of combination of sides, overs and unders, money, run and puck lines. Up to nine teams may be chosen by the better and grouped in two’s or three’s. Each series is, in turn, graded like a parlay.

Choosing an Online Casino

Obviously, when it comes to finding an online casino there are going to be a number of specified criteria that players are going to want to pay attention to in order to make the most of their gaming and wagering experience. By making sure that an online casino meets these criterion, players maintain more of a chance of being happy with their ultimate online casino website selection. Too many players may simply jump into using and utilizing a specific online casino, regardless of whether or not their casino meets these standards. As a result, players can lose quite a bit of money before they realize a site may not be legitimate or otherwise the site for them.

New casinos are being created and opened every day. So how can a player know when a casino is legitimate and reputable and when it is not? Look for helpful sites which review and rank online casinos. These sites do all the research for players so that the players do not need to spend their time doing the work to find a good, profitable online casino. Additionally, it can be beneficial to to examine the FAQ section of the casino in order to determine if it is associated with any online casino watchdog organizations and to review the payout reports of the specific site in order to determine how much money the casino offers to clients as prizes and how much is retained by the casino as profit. Obviously, the higher the payout, the better off the individual player is going to be.

Remember, there is also the option of examining casino and gambling forums. In this type of atmosphere, players can talk to other online gambling and casino enthusiasts in order to get their opinions on certain sites and games. This is a very laid back environment which can offer unbiased reviews of online casinos by real players.

US Taxes and Online Casino Winnings

How does the United States government feel about a player’s gambling winnings? Well, like most countries and states, players are required to pay taxes on any winnings they have earned which exceed a certain specific amount. When doing taxes, players are expected to fill out the proper and appropriate tax forms to state the amount of money won from online casinos. The casinos themselves are not responsible for paying taxes on the players’ winnings.

In the United States , the IRS and the federal government will tax gambling profits to the highest rate allowed in that region or area. This is also the case for many states and cities which collect on residents’ income taxes. Since the IRS would first need to be made aware of a player’s winnings, the government has, through regulations and mandates, turned casino and gambling businesses into agents for their work. These outfits are charged with reporting big winners to the IRS on Form W-2G. Split winnings are to be reported to the IRS on Form 5754. This helps the government to identify who should be reporting money to them. As a result, it is in the individual’s best interest to report any winnings they may have collected which exceed that previously mentioned specified amount for the player’s region or area.

In total, the IRS receives approximated four million Form W-2G and Form 5754 papers each year. As a result, the IRS is alerted to approximately four million big winning which need to be taxed. For players or winners who are located abroad, the government requires that a portion of that players winnings be withheld – ensuring that taxes will be paid, whether the winner lives in the US or not. The amount withheld by nonresidents is thirty-percent, the exact tax rate for these individuals. The withholding rate for US Citizens living in the US is 28%, which is way up from 20% in 1992. There is no maximum tax and many US players will pay in excess of 28-30%.

Battling Bonus Hunters at Online Casinos

Before online casinos got extremely popular, there were many bonuses being offered to try to appeal to potential gamers and gamblers. Bonuses were a major part of online casino advertising for the time. However, as online casinos got more and more popular, online casino bonus hunters began to spring up more frequently. These were individuals who went from casino to casino in order to take advantage of the bonuses – not to find a lasting casino site at which to play, which is the end goal of many casinos offering such bonuses.

These bonus hunters inspired a number of changes in the ways in which casinos were able to offer them. Some such changes and implementations include the decisions of many casinos to:

•Some populations and regions were no longer able to take part in the online casino fun! Especially in Denmark, bonus hunters became a major problem. This region actually managed to cost the online casinos millions of dollars. In order to combat this epidemic, many casinos either blacklisted Danes or made bonuses unavailable to them.

•Waging requirements were increased greatly. It is now not so easy for players to withdraw money after getting a bonus. The bonuses must be played and not just withdrawn quickly as easy money for the player.

•Sticky bonuses were introduced to players. These bonuses could not be withdrawn from the casino at all; rather, the bonuses simply allowed players to visit the site, learn about the games and essentially practice playing them.

•Risk-free bets were eliminated.

•Waging requirements could not be met by playing games with a low-house edge. Many players will notice that certain games are off-limits to sign up bonuses. These are most often games in which the house has a low edge, such as Blackjack or Video Poker.

Bonus Hunters and Why You Might Not Want to Be One

Bonus hunters are those who browse and travel from casino site to casino site, only to take advantage of the new player bonuses being offered by each individual site. When the bonuses expire or are otherwise no longer usable, the bonus hunter will leave the site – never to return.

While this might sound like fun, it can be very dangerous to individual players who enjoy reputable environments on the World Wide Web. Reputable sites offer reliable and trustworthy casino and wagering fun. The fact of the matter is, many online casino gambling sites are owned by the same group or conglomerate. These families of casinos will look through their reports in order to find patterns on the individual sites which may reveal bonus hunters. If they find a pattern by a particular bonus hunter, they have the option of blacklisting that player. Blacklisting prohibits an individual from taking part in any activities. Individuals who are blacklisted from online casino sites will no longer be able to play any of the casino’s games or enjoy any of the bonuses being offered by the online casino(s). Sometimes the player will only be blacklisted from one casino, but they could also be blacklisted from all the casinos operated by that group or conglomerate.

For some people, these potential risks are outweighed by their desire to enjoy signup bonuses from many online casino sites. Many figure that the odds of them getting caught are fairly remote. Individual players need to decide for themselves how worthwhile the risks and advantages would be. No matter what is decided, players need to be able to live with the consequences of their actions – and when a player is blacklisted from reputable online casinos, it can be very difficult to find another, suitable and reliable site from which to play.

Limit Vs. No Limit Poker

Poker has become a very popular game/sport in recent years. Those who are new to the game will notice there are a number of different types and versions available for play at both online and offline casinos and gambling sites. One of the biggest discrepancies players will face when playing poker is deciding whether they want to play Limit poker or No Limit poker. By examining the differences, it will be easier to determine which style of poker would be the most fun for you as an individual player. Most players will be skilled at one or the other and not necessarily both styles of poker. Even professional poker players have one preferred style.

LIMIT: It’s much easier to end the game with this style – even when you don’t want to. You can lose all your chips quickly and easily if you bet too much at the wrong time and another player has a lucky card. There is no limit to how much money you can put in at once for each wager in this game. This style of poker is great for players who love to play hard, fast and passionately.

NO LIMIT: This style of poker playing is much better for individuals who do not play the game very aggressively. It will take players longer to run out of chips, and thus their money, when they are playing limit poker because there are restrictions placed on how much money can be bet at a time.

Examining PayOut Reports

Many online casino gamblers will look over a particular site’s PayOut Reports before playing at their casino. This is a wise idea because it will show the individual how much money the online casino gives to players.

Independent auditors, that is those with no association with the casino who can provide a clear and unbiased judgment of the PayOut estimates, will produce reports to show how much money an individual casino takes in and how much the casino gives out in winnings to the players. When reports say things like the PayOut percentage is 98%, what this translates to is that for every dollar taken in by the casino, ninety-eight cents is given back to the clientele. The remaining two percent, or two cents on every dollar, is profit for the casino. Likewise, if the PayOut report says that 97% of the profit is given back to the consumer, this is ninety-seven cents out of every dollar. In this example, the profit for the casino would be 3%, or three cents out of every dollar. Knowing this can help potential players understand and make informed decisions about particular casinos based on their PayOut Reports.

PayOut reports are submitted at different intervals depending on which casino is being examined. For example, such reports may be submitted quarterly or monthly. The information should be easily accessible from the home webpage of the casino being considered by a player.

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