When online casino gaming aficionados go casino hunting, the most obvious factors that weigh on their minds are the bonuses on offer, especially the welcome bonus, and the games on offer. No doubt these are important parameters in choosing an online casino. However; a very important aspect to consider is the online casino payout percentage. Payout percentages vary with the game and even the overall payout percentages between casinos can differ. Obviously, it will make sense to play in an online casino with a higher payout percentage.
It is worth noting that online casino payout percentages are more than what you’d expect to get paid in a land-based casino. And therefore one has a very good reason to understand more about online casino payout percentages. Along with the overall casino payout percentage, you should compare casinos for the individual payout percentages. Most online casino visitors have their favorite games that they choose to play every time they log on. If they are playing in an online casino with a good payout percentage, it improves their chances of winning. It is simple math and cold logic suggests that you should do a thorough check to seek out online casino gaming sites with high payout percentages.
Generally payout percentages are higher for games of chance; this is because the odds against winning are high and more people gravitate towards these games. Online casinos encourage patrons with high payout percentages on games such as pokies and craps. On the other hand, having information about the payout percentage in games of skill can help you win more by strategizing accordingly during a game. Your payout is influenced by the nature of your win, i.e. the odds that you beat, in games such as blackjack.
So a combination of your skill, payout percentage on offer, and judicious use of bonus money can help you win. Remember, wagering at online casino games with high payout percentages means that you have a good chance of stretching your deposit money and getting more out of it.
Payouts from reputable online casinos are audited by independent third-party verifiers. This indicates that the casino in question plays fair and won’t alter the payout percentage. eCOGRA is one such independent auditor.
The game of online craps is one of the most popular ones at an online casino. One of the reasons for its popularity is the number of wagers that you can lay for every roll of dice. Also each wager has a different rate of payment depending upon the odds attached with it.
Two dice are rolled and wagers are built around the sum of the numbers arrived at. The number seven is the most important one in this game. Stick to player-friendly bets with a low house edge. You can consult probability charts when playing this game.
Let us understand the different bets associated with this game :
– Pass line bet : This is the most popular and common bet in a game of craps; in fact, it consists of different types of bets.
1. The appearance of 7 and 11 are even-money bets and if they appear, it signals a win and also the end of that round of pass line bets.
2. Another way a round of pass line bets can end is if two, three, or twelve turn up. But these numbers come up, you lose.
3. Other numbers thrown up serve as a reference point and the round continues till any of these numbers or seven turns up.
– Pass odds : These are bets that can be placed during a pass line bet if a point has been decided. The wager here is that the point will appear before a seven does.
– Don’t pass line bet : In this type of a bet, you lose if a seven or eleven appear. With two and three you win while twelve results in a tie. Other numbers can serve as points. You win if a seven appears before the point and lose if the point appears first.
– Come bet : Another name for a pass line bet that is played once a point has been established.
– Come odds : A bet that can be placed only after a come bet.
– Don’t come bet : Similar to the don’t pass line bets. This bet can be placed after the point has been decided.
– Place bet : An even money bet that any of the eligible point numbers will appear before seven does.
– Buy bet : Similar to the place bet but with a different pay out scheme.
Australia currently holds a world record, although on this occasion it is hardly one to be proud of. Today more than 80% of the adult population of Australia gambles, which just happens to be the highest rate on the planet, and it does not show any sign of dropping anytime soon.
Why would it? The opportunity to gamble is more prevalent than ever before and for many the prospect of a large, tax-free win is too good to ignore. With billions of dollars going into gambling, the profits speak for themselves. But while the government enjoys the benefit of the tax revenue generated from gambling, the reality is much less lucrative for the public.
The good news is that the majority of gamblers are casual gamers who play recreationally, enjoy themselves and suffer minimal loss. However the number of people who take their gambling habits too far is still disturbingly high, with around 300,000 Australians now addicted and both they and their relatives suffer for it. While there are many games responsible, the main culprit is the poker machine or, as they are more commonly known, pokies.
There are now over 200,000 pokies in Australia, collectively taking in $12 billion every year. That works out roughly as $1,300 lost by every Australian adult on average. As the addiction becomes more serious it leads to all manner of financial and personal problems, and it is not unusual for problem gamblers to break the law in order to finance their habit. From there, the problem only escalates.
Many serious problems are associated with gambling addiction:
- Debt or bankruptcy
- Embezzlement and fraud
- Crime, arrest and imprisonment
- Poor physical and mental health
- Alcohol or drug abuse
In addition to these permanent problems, friends and family can also be affected negatively. Relationships can be sorely tested by a gambling addiction and children in particular can experience neglect and even abuse. They are also much more likely to develop an addiction themselves later on.
Everyone is capable of developing an addiction. For some it really is the prospect of winning and if they do not win the first time, they hold onto the idea that the next game might turn out differently. Others enjoy the thrill of the game and get a genuine adrenaline rush just from playing, although they too expect to win. Of course, the odds are stacked impossibly against them and while wins do happen, the longer anyone plays, the more they will lose.
There is support there for those who seek it, but only a small percentage of problem gamblers take that step and are unlikely to stop without the intervention of others. MP Andrew Wilkie has campaigned in an attempt to reduce the amount lost to gambling with such policies as pre-commitment – pokies that lock players out after they have spent an amount they have agreed on beforehand – but unfortunately this has not been implemented on a large enough scale.
With people like Wilkie turning their attention to this issue there remains some hope but ultimately, it is down to the individual to try to regain control and fight their own addiction.
One way or another, gambling reforms have been put into practise with varying degrees of success but this has not necessarily been good news for the gambling companies. One group in particular that has suffered is Tabcorp, which has recorded a large loss in its profits over the last financial year. However, its struggle has earned it no sympathy from the Victorian Government.
It seems the primary cause of this loss is the costs associated with gambling reform. As of the end of June, Tabcorp recorded a 12-month after-tax profit of $126.6 million, a large amount in its own right but compared to the year before, it shows a huge 63% drop in revenue.
However Planning Minister Matthew Guy maintains that the gaming industry reforms implemented by the government were a positive move and he praised Gaming Minister-turned-Treasurer Michael O’Brien for his handling of problem gambling. For this reason, he feels there is no reason for the government to apologise for its reforms as the ultimate aim is to fight problem gambling.
Chief executive of Tabcorp David Attenborough found the reforms in Victoria to be hugely challenging as it was the biggest change made to the industry in 20 years and there was no room for error while the company was adapting to these changes. As a result, the Tabaret business had to be discontinued in favour of the new Tabcorp Gaming Solutions to work with the new Victorian betting licence. The drop was also a result of the way its wagering licence was affected regarding the racing industry.
Tabcorp noted that the billions of dollars that went into the state’s abundant pokies machines were previously a major source of revenue, and continue to be, only now that money goes to different commercial treasurers. Anti-gambling campaigners have also noticed that changes have not been made where it really counts and gamblers continue to pour their money away into pokies.
Reverend Tim Costello of the Australian Churches Gambling Taskforce says that even after the end of this duopoly, problem gambling is just as big an issue as it always was. Tabcorp may have lost money but that is only because the revenue from gambling is going elsewhere. The fact is, problem gamblers are as prominent as ever. He admits that the reforms did some good but more serious initiatives should be taken, such as $1 betting limits.
As for Tabcorp, Attenborough expects the company to recover and perform better over the next six months. The company has continued to adapt to the reforms and is expected to grow again with its new investment strategy.
Most people try gambling at some point, whether they buy a lottery ticket or try their luck with the pokies, but the extent to which they take it can vary greatly. Unfortunately too many people do not know when to say when and their gambling habit spirals dramatically out of control. For this reason, it is important to know how to gamble responsibly.
Responsible gambling requires not only a deeper understanding of what is really at stake but also strict self-control on your part, especially if you already have a history of problem gambling. There are a number of tips that will help you gamble responsibly:
Gamble for fun
Gambling is an activity that should be done strictly for entertainment. Enjoy yourself and if you do win anything consider it a bonus, but never take it seriously.
Set yourself a limit
Before you even start you need to decide how much time and money you are going to spend gambling. Once you reach this limit, you need to be strict with yourself and stop.
Manage your money
Keep track of how much you are spending on gambling each week. It is much easier to stay in control if you are aware of just how much it is costing you. You should always budget your money and make sure you only gamble with money you don’t need for important things like food or rent.
You should only gamble with your own money. Borrowing from others to fund it is bad enough but there is a dangerously high chance you are taking money you won’t be able to pay back.
Remember your family and friends
Problem gambling does not just affect you but also those close to you. Your family needs both emotional and financial support from you, which you will not be able to provide if you put everything into gambling. If you hurt yourself through gambling, you are hurting those who care about you.
The odds are always against you and you will almost certainly lose more than you gain through gambling. Never chase wins or try to recover lost money with further betting. Gambling should never be a method for financial gain or you will ultimately find yourself losing every time.
Take a break
Gambling should always be done in moderation. If you can walk away and take regular breaks it will help you keep a clear head and stay aware of how much you are spending.
Drinking will cloud your judgement and make you feel overly confident. If you gamble when drunk you are much more likely to bet more and lose more in turn.
You need to know when enough is enough. Once you have reached your limit you need to have the willpower to stop and walk away, even if you are convinced another win is just around the corner.
Of course, there is no guarantee that these tips will work for you. If you find that you are having difficulty following them or they are simply not helping your habit then it may be time to seek professional counselling. Ultimately, no one can control your gambling but you.
One of the factors that online casino gaming enthusiasts should take into account when selecting an internet gaming site is the ease with which financial transactions can be carried out. It is easy to understand why gamers are anxious about their withdrawal options; after all we play to win and to be able to enjoy our winnings we need safe and efficient withdrawal options. Casinos too take care that their patrons do not have to face any hassles in depositing and withdrawing money. After all, their business runs on the money that people deposit. Casino lovers from Australia are lucky in this regard. Internet gaming sites take care that the traffic they get from Down Under is able to transact in Australian dollars via payment options they prefer. Today you can deposit and withdraw from Australian online casinos using electronic wallet services such as Skrill, Click2Pay, and Neteller. Deposition of funds in a gaming account happens instantaneously; withdrawal usually takes some which may vary from a few minutes to a couple of hours. This is a huge improvement from the days when a withdrawal would take a day or two before it showed up in your account.
Transaction options available to players from Oz may attract a small fee or they may be free to use. Sometimes, the casino may reward with free credit for choosing a particular payment option. This is a useful piece of information to keep in mind when checking out online casinos; if you feel you can earn some free credits in this manner then you may want to go with the casino that offers you the best deal.
E-wallets offer certain advantages to Australian gamers who carry out frequent online transactions with different casinos. E-wallets are intermediaries and help protect credit card and debit card information which would otherwise reside on multiple servers online posing a security risk.
This does not mean that cards are out of favor with Australian gamers. Many still use them and value them for their usefulness when a gaming account has to be credited immediately. Internet banking is another convenient alternative.
Each online casino offers detailed information on the internet transaction options they offer; check these out before signing up. You’ll save both time and money.
Of the many income generation opportunities available online, none captures the imagination more than playing online casino games to generate income ñ it is totally up to you what you wish to earn. You can earn some useful passive income playing online casino games or you can earn some serious money. After all, there are so many people who have carved out successful careers as full-time casino gamers in the real world. Casino destinations all over the world are full of stories of legendary players who just kept on winning. The same can be achieved online. If you are fond of casino games that require skill and tactical planning then you have a big advantage on your side; because in skill-based games you can keep chipping away at the house advantage and bring down the odds to a favorable position for yourself. This isn’t really possible with purely luck-based games. Card games such as blackjack and baccarat require skill whereas games such as keno, bingo, and pokies are games of chance.
It is worth noting that although the house advantage is built into each and every casino game, it is calculated for the long-term. This means that over the short term there is every chance of you winning in spite of the house edge. Of course, do not expect to see your bankroll swell from the moment you start playing, it takes time and diligence. Be prepared to put in a few months of work and make sure you understand the casino terms pertaining to cash withdrawal from your account.
The correct way to embark on a money-making journey playing online casino games is to get fully conversant with the rules of the game and the strategies involved. This is best achieved playing the no-download free version. The internet is a great repository of strategies and tips; try them and build on what you feel is working for you.
Accept bonuses judiciously as the terms associated with cashing out wins made with bonus money are very stringent.
Remember to play within your means. Do not go chasing losses. Play for a fixed period of time each day or for a fixed number of hours in a week. Bankroll management also prevents you from getting too habituated with online gaming. Treat your bankroll with care and it will keep giving you some income every day.
Online pokies tournaments attract enthusiastic participation from gamers. They are definitely more exciting than regular online pokies games and pay well. If you plan on enjoying such a tournament, then read on to learn about the different types. This information will help you make up your mind on which online pokies tournament should you participate in.
Online free pokies tournaments usually offer very good prizes. May appear odd, but it is true. The reason for this is that such free online pokies tournaments are usually open only to special invitees. You can play for free but the games often have higher minimum wagering requirements than what you’d have to contend with in other types of tournaments. Such free tournaments offer a better chance at winning because the participants are fewer. If you can find an online pokies tournament that accepts players of all levels then you can use the opportunity to get a feel of what online pokies tournaments are like.
Some online pokies tournaments charge an entry-fee. The good thing with such tournaments is that you get a few free spins. These tournaments too are not a bad idea if you only wish to get a feel of what an internet-based pokies tournament is like. Pay the entry fee, use the free spins and get out without spending anything from your own pocket. Tournaments that charge an entry fee are considered as having the best prize structure; so more players go home having won something for their efforts.
Multi-level tournaments can be either free or ones with an entry fee. The attraction with such tournaments is that with each round the excitement grows; players keep getting weeded out till finally only one winner remains. Such tournaments too offer attractive winnings. If all casinos that are a part of a casino business chain participate in such a multi-level online pokies competition then it can become quite a huge affair with a big prize awaiting the final winner.
The cool thing about online pokies tournaments is that there is no skill required to participate, it’s a game of pure chance and anyone can be a winner, including you!
Each sphere of human endeavor has terms and jargon associated with it. Online pokies is no different. Let us take a look at the terms associated with it. Better understanding of the phrases used will help you enjoy the game more and may help you play the game faster, which is an important skill to have when playing in pokies tournaments.
– Account – An account is your registration with the online casino before you can begin playing online pokies.
– Bonuses – These come in various forms and amounts and include free spins and free credits. You can earn bonuses when playing the game or while wagering an amount.
– Credits – You purchase credits with real money to play online pokies. The credits can be converted to cash and the amount withdrawn should you so wish, this is known as “cash out”.
– Cumulative jackpots – Also known as progressive jackpots, these continue to grow in size till a winner gets lucky.
– Static jackpot – A fixed jackpot amount attached to online pokies games in an internet casino.
– Free spins – A kind of bonus, where you get some free play without spending your own money.
– Minimum – It relates to the lowest amount of the wager before you can play an online pokies game. The minimum varies with the game.
– Multipliers – Symbols on the reels that can increase the size of your winning manifold.
– Payline – Lines that signify a win on a pokies screen; these can appear vertically, horizontally, or diagonally.
– Payout percentage – The amount that the casino pays back to gamers for every 100 dollars wagered. Some casinos operate with a payout percentage of above 96%. Also known as the hold percentage.
– Pay schedule – It is a list of the various payline combinations and the credits awarded by each.
– Randomizer – Quite like the joker in a pack of cards, it can take the place of another symbol to complete a winning sequence.
– Random Number Generator (RNG) – The software program which runs an online pokies machine ensuring that whatever appears on the screen at each spin is random and free from human or machine bias.