Posts Tagged ‘Online Casino’

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Online Casino and Online Poker Break Up? Part II

The issue that arises with this is the division of the online gambling industry, will it want to divide itself? The other question is what will happen to the online casino industry should the online poker faction succeed in getting poker declared legally as a game of skill and get itself extricated from the UIGEA mess before any concerted action bears fruit?

If online poker and online casino split up in the case that poker is declared a game of skill legally and gets extricated from the UIGEA, then the money power required to fight the administration would be unavailable to the online casino world. This is because the revenue from online poker is a lot greater than the revenue from online casinos as they have a larger share of the market too.

The silver lining is that it would be costly and inefficient for the authorities to pursue UIGEA against only online casino and if they lose online poker then they may drop the whole thing altogether. At the moment this situation is only hypothetical because neither the law nor the government is likely to accept that poker is a game of skill in the near future.

Source: Casino Advisor

Why Should an Online Gambler Read About Online Gambling?

There is a lot of information available about online casinos. When I first started playing at online casinos I did not think that reading someone’s blog entries, or surfing the web would be enough to cater all my needs and questions about online gambling. I was wrong.

What I love about online gambling is that it is online. Not only does it provide you with the ease of accessing everything you could find at a real casino in a couple of clicks, but it also provides players with an easy way of learning more about online gambling in a couple of clicks too.

All the details about the world’s top online casinos are available to players in a few clicks, you can also find information about all the games and strategy tips. For this reason, when you are choosing a site that will provide answers to all of your questions you should choose with care.

The first thing is to look for a site that provides in-depth analysis of casinos, games and strategy. You want a site that will be honest to you and will tell you the absolute truth about the industry and the sites in it. You also want a site that cares about the players and that provides advice that will benefit them.

If you are new to online gambling you should look for a site that gives newbies tips and strategy and that attempts to explain all terms without assuming players already know it.

Now, I am not trying to sell you a product here, but at The Virtual Casino we try hard to cater our players’ needs and we strive to provide the most in-depth analysis of games and gambling strategy as well as news and the online gambling world.

Personally, I will ask our readers to feel comfortable to address me with any questions they may have, you can post them as comments and I will respond to them as soon as I can. I know how it felt when I first started gambling online and I try to help newbies as much as possible.

On the other hand, I also know how it felt having been playing online for a while and not being able to explore new horizons and improve my expertise level. that is also why I try to give in-depth analysis and discussions of online gaming strategy and tips.

I also encourage our readers to give us feedback and we will listen to their comments openly.



Online Casino Payout Limits – Part II

Today I will talk about some casino games that have limited payouts at some casinos. If you are unfamiliar with the topic please see my post from yesterday in which I explained why online casinos may sometimes limit payouts on certain games here.

Online slot games are the most common casino games and the maximum amount wagered, more commonly known as the total bet per spin, is controlled by limiting the betting options. There is a limit to the number of paylines, the number of coins that can be wagered in each payline and also the coin denomination. The payout are a ratio of the coins wagered so this means that there is automatically a limit on the maximum payout.

Something else that you will find at online slot games is that they have free spin bonus rounds that allow players to receive payouts without having to place additional wagers. A lucky streak of free spins can really add to the payouts so most slot games have a limit on the number of times that the free spins round can be retriggered. There is also a limit on the upper limit for the payout in the free spins round.

Some online slot games and video poker have a feature called the gamble game which allows players to double, triple or even quadruple their winnings. Online casinos often limit the maximum payout that can be received in the gamble game. Once players reach this limit they cannot play the gamble

Some online slot games and video poker games have a feature called the gamble game. In this game players can try to double or even quadruple their payouts. A lucky streak in this game with a large initial payout can amount to big numbers. Therefore online casinos limit the maximum payout that can be received in the gamble game. Once this limit is reached players cannot play the gamble game and have to return to the main game.

One thing that players need to be really careful about are online casinos that offer very high payouts but directly limit the maximum payout. Most varieties of keno fall into this category, for example a variant of keno offers a payout of 100,000 for hitting all 15 numbers so if you were betting at a coin size of $10 the payout would be $1,000,000 but the game has a limited payout of $250,000; this means that even if you hit all 15 numbers you would still get only $250,000.

Understanding Online Casinos Payout Limits

When you play online casino games it is important to know that online casinos limit the maximum payout that players can receive in several of the games they offer. Online casino owners can set this limit in two different ways: the first one involves limiting the amount that can be wagered and because payout ratios are fixed the maximum payout is automatically fixed; the second way is by directly limiting the payout.

Whereas this may seem unfair for players, online casinos limit the maximum payout because they do not want to find themselves in the situation of unlimited liability. This makes sense because it is a protection measure that allows them to stay in business. For example, if someone wagers an outstandingly large amount of money and wins the online casino will have to make a payout that they were not ready to provide. Another reason for limiting the payout is that they want to discourage players from gambling beyond their means.

Whenever you start playing at an online casino make sure you check this section of the terms and conditions because most casinos write very clearly what these limits are and how they will be applied. Also note that all casinos have different limits and they apply them in different ways, even if they function within the same group/network.

Some online casinos offer very high payouts an directly limit the maximum payout and these are the types of games that you need to look out for because you must always be aware of the terms to which you are agreeing. To find out about how casinos may limit the payouts for specific games come back to The virtual Casino’s blog tomorrow and I will have a detailed post with all the information you need.

Why is my Online Casino Software Running so Slowly?

Sometimes our computers start to run very slowly and we wonder what is happening. This can bring many problems because at times you will find that your favorite casino’s software is having difficulty running but you should know that most casino software runs smoothly and the problem could be that your computer is overloaded with many different casino software.

We understand that online gamblers like to download multiple software to combat boredom at a single casino and also to access a wider variety of games that the instant play version of casinos does not offer. However, we strongly recommend that you constantly check your computer to make sure that you do not have too many of them to avoid this problem.

When you have too many of those files in your computer, the memory usage of your computer starts building up and that is why most programs in your computer could be running very slowly, especially if you have one of the older versions of computers. If the speed of your computer is slowing down your online casino game play will also suffer from it.

You should be wise when choosing the software you download so that you do not end up with slow online gaming speed. If you have already downloaded too much online casino software we recommend that you scan your computer and select to keep the ones that you actually play at significantly and get rid of the others.

Getting rid of online casino software does not mean that you only delete the file from your computer but that you actually uninstall it. Most software comes with an easy uninstall option, otherwise just go to Control Panel – Programs and Characteristics and find the name of the software on the list and click the Remove/Uninstall button.

Hopefully, this will help you have your computer running smoothly to improve your online gaming experience as a whole. Please post comments below if you have any questions concerning the uninstalling process on your computer and I will do my best to help you.

Also, The Virtual Casino has awesome software that will always run fast and efficiently on your computer and we encourage you to download it to get a great variety of games!

Product Released to Combat Problem Gambling

In the past we have talked about how problem gambling is one of the main concerns when it comes to considering the legalization and regulation of online gambling. Many legislators still fear that legalizing online gambling will openly support addictive behaviour and this will lead to an increase in the number of people who have to face social and financial crisis because of their gambling.

The good news for this is that a device now being marketed by Techlink Entertainment called Gameplan could be the solution for this. Gameplan was selected by Nova Scotia Gaming Corporation to empower players to gamble responsibly at authorized video lottery terminals (VLT). The VLTs that will participate in this programme are required to install the software from Gameplan, then the plug and play device is inserted into whichever terminal the player is wagering on.

The device will track the wagers and the results and keep players aware of their gambling patterns on a continuous basis. The objective is for players to get a reality check and they will also be different options available to players based on the money-management criteria they enter into the device. For example, players can program the device to limit losses during a gambling session and the device will lock the player out of all the participating VLTs.

Players also have the option to set a time limit on their wagering sessions and also to be prevented from playing any particular day. There is also a “self-exclusion” option that the player can setup from 1 to 3 days.

“Three independent research firms, two Canadian and one from Las Vegas, agreed that our product has a positive impact on gambling behavior. Providing players with the right information and tools is critical in helping them gamble responsibly.” said John Xidos, President and CEO of Techlink Entertainment when describing the background development of Gameplan. He pointed out that Gameplan was the only solution available today that has been backed through extensive field-testing and research.

Currently, the Internet Gaming Study Committee is examining the product for its effectiveness at online casinos.

How to Pick a Game with Different Number of Decks Available? – Baccarat and Blackjack

At online casinos you will find a lot of card games as they are an integral part of online casino gaming. If you are used to poker as a card game you probably think that card games are played with only one deck. However, for other casino games, such as blackjack and baccarat, several decks are used and it is important to know this because the number of decks that are used in a casino game affect the house edge.

New players are often unaware of the number of decks used in the games but this is crucial information because it afects the average payout ratio and you could make the wrong choice if you do not know this.

At most casinos the decks vary from 1 to 8 in games like European Blackjack, Atlantic City Blackjack, Vegas Strip Blackjack and Vegas Downtown Blackjack amongst others. In Blackjack games the house edge increases as the number of decks in a game increases. To make this clearer, the house edge is the percentage of each dollar wageres that the casino keeps in the long run. For example, in MicroGaming’s Vegas Downtown Blackjack the house edge with 8 decks is 0.64%, the house edge with 2 decks is 0.40% and the house edge with 1 deck is 0.01%. But for MicroGaming’s Vegas Strip Blackjack The house edge with 8 decks is 0.43%, the house edge with 2 decks is 0.18% and the house edge with 1 deck is -0.18%; meaning that in the long run the house will lose money.

Often, players like to venture into the games with higher number of decks because they are more realistic in resembling land-based casino environments, but players should be aware that there is a high price to pay for the thrill of playing multi hand games.

For Baccarat the deck situation is different. As you are able to choose to wager on one of three different bets (the Banker, the Tie and the Player) you should consider each one separetely. In the eight deck variant the house edge is 14.36%, which increases to 15.75% in the single deck variant. For the Player Bet the house edge is 1.24% with eight decks. Players who bet on the Banker often should stick to one deck Baccarat games; however if you, for some reason, like to bet on the Player you should go for Baccarat with eight decks. The Tie Bet has the highest edge for the house, so try to stay away from that one as often as possible.

Two Companies Release Fraud Detection Software

Recently, online casinos have been fearing some casino players who have attempted to use fraudulent means when depositing at casinos. Amongst the methods that these players tend to use are fake credit cards or credit cards with inadequate limits to deposit funds. The biggest danger is that many of those players have tried to withdraw the money before the fraud is detected. Some sketchy players also usually charge back the transaction so that their credit card company does not bill them and then try and withdraw the funds from the casino.

Online casinos have always been concerned with fraud and most of them ask their software providers for efficient tools to detect it. Often, the software providers engage expert services to prevent and detect fraud in online casinos.

Luckily, two software providers have taken the first step and announced recently developed upgraded systems for detecting device based fraud. One of the software providers is GTECH G2, a group that is a reputed provider of online gaming services, and they have entered a partnership with Iovation on order to provide more innovations to their software MarginMaker. With this, online gaming operators will be able to use MarginMaker to manage the fraudulent use of cards at online casinos.

Iovation is in charge to check that the credit or debit card number and the identity numbers of the computer that the player is using and keep them in a database. If any of the information provided by the player connects with an earlier fraud, the details of which are entered in the database, then the transaction is immediately aborted and the database updated.

“The service provided by Iovation has proven itself to be extremely successful for so many companies in the online betting industry – it absolutely makes sense for us to include it in our fraud management process.” said Predrag Popovic, Chief Technology Officer of GTECH G2 and CEO of Finsoft.

For information on the other fraud detecting update release, check our blog tomorrow.

With Healthcare Legislation out of the way, is it finally Time for Online Gambling?

President Obama’s healthcare improvement legislation has finally being passed. So now the online gambling industry is expecting that the federal government will be able to move onto the bill that would legalize online gambling in the US.

The Unlawful Internet Gambling Enforcement Act (UIGEA) will expire on June 1st, 2010 and the industry is collectively holding its breath; have crossed their fingers and waiting for the final decision.

There is a possibility that the UIGEA  will be extended another six months to give the government more time to process the bill through all the stages. But now that the new healthcare bill has passed, there may just be enough time to have a decision by June 1st.

The bill in question, if it were passed, would control tax and secure online gambling. This is something that has been done in Europe a long time ago and their system seems to be working perfect, although it is not without problems.

Those who are in favour of the bill argue that US citizens have been gambling online for a long time now and they will continue to do so whether online gambling is legalized or not.

If the bill is not passed, the UIGEA will remain in effect and banks and credit card companies will not be allowed to carry out any transactions to and from online casinos, thereby forcing players from the US to find an alternative method of payment.

Estonia to Block Online Casino and Poker Websites

Estonian gambling forums are crowded since last few days because of the recent decision by the Estonian Tax and Customs Board to order all online operators to block access to foreign online poker sites.

This ban is applicable on all the sites those are not licensed in Estonia and at the moment the only site with a license is the Estonian Olympic Casino with another license pending. The Estonian Tax and Custom Board have suggested that internet service providers can now begin blocking an estimated 200 online gambling websites which don’t have an operating license in Estonia.

Operators which will be blocked by ISPs include well known brands such as PartyPoker, Poker-stars. If ISPs refuse to block the sites suggested by the Estonian government, it is assumed they could receive a serious penalty.

While the decision reached by the Estonian Tax and Custom Board has been criticised as violating European Union legislation, it’s believed the Estonian authorities are banking on the European Union considering remote gambling legislation a national concern, as opposed to an international one.