Online casinos offer lots of lucrative bonuses to attract players to their site and play their games, but the problem is, beginners have a hard time trying to understand all the ins and outs of casino bonuses. And if they don’t understand it, they won’t know how to take full advantage of it. That’s where this article comes in. Beginners can find all the information they need to start “earning” those bonus cash.
First of all, you have to understand that over 2,000 online casinos are in operation right now, even as you read this article togel hongkong. With the online gambling industry earning an estimated $10-billion a year, it’s no surprise that they are all fighting to get a piece of the action. As you might expect, fierce competition erupts among the online caissons, all vying for players.
This is where the bonuses help the casinos. Players are offered sign-up bonuses as a promotional tool, to attract and keep customers. For example, a player’s initial deposit of $200 is matched by the casino, thus giving the player a total of $400. But before the player can withdraw that $400, they will be required to bet a certain amount first. Usually, this amount is equal to at least 10 times or even 30 times the amount of the initial bet, plus the bonus. Casinos call this the Wager Requirement or Playthrough Requirement. All bets, whether win or lose, shall count towards the WR of the player.
Let’s take on blackjack as an example. A lot of players don’t know that playing blackjack using an optimal strategy will provide a return of 99.5%. This means that for every $100 you wager, the average expected return will be $99.50, losing only 50 cents. How to get an optimal strategy for blackjack? Use a strategy card, which can tell the player what’s the best move to make in a given situation or hand in blackjack.
Let’s take this example further, shall we? Let’s say that an online casino offers a 100% sign up bonus on deposits up to $200. The Wager Requirement (WR) is 20 times the bonus amount only, denoted as 20xB. This means that players have to bet at least $4,000 total, win or lose, before they can withdraw their initial deposit and bonus. Now, if you’re playing an optimal strategy for blackjack, your expected return will be $3,980, giving you a loss of $20. But the casino gave you a bonus of $200, remember? Your average expected profit will then be $180!
A blackjack game for beginners would start out at $2 to $5 per hand. If you’re playing $4 per hand, the example stated above would take 1,000 hands of blackjack. A beginner playing blackjack on the Internet can reach up to 400 hands per hour. A beginner would then take around 2 to 3 hours to reach the Wager Requirement. The expected profit of $180 would then translate to over $70 per hour. Some casinos are even faster, allowing a player to reach up to 1,000 hands of blackjack per hour.
If you are a fan of card games, such as Texas Hold Em or Five Card Stud, then you know all about online casinos, or you should know about them. They are casinos that you find online and are just like the real thing, minus the cocktail waitresses offering free drinks.
But not everything is sunshine and roses for these casinos. Many casinos online are facing legal issues from the United States Federal government due to an old act passed in the sixties. Is it forbidden to gamble online?
In 1961, the Interstate Wire Act or also known as the Federal Wire Act was passed that banned betting or gambling over the telephone. Lawmakers against online casinos say that this applies to the internet as well and are looking to fine these casinos big money for breaking the law. But opponents of the bill point out that it does not apply to internet gaming; ergo it should not be illegal and the casinos online should not be fined.
All legalities aside, there are many casinos online that offer a wide variety of card games, slots, roulette, horse racing and even card games, such as Black Jack. There is literally something for everyone. Many of the best poker players in the industry now utilize online gambling as a way to hone their skills and rake up big payouts that allow them to play live.
How many hands of poker are we talking about? Try a couple hundred hands in an hour. Most players utilize two or three computers at one time so they can play many hands at once. Think about the concentration skills of those types of online players!
Online casinos are swiftly gaining in popularity, regardless of whatever legality issues are being debated. If you find yourself looking to play, then just use some caution. The money is just as easily spent online as it is in a regular casino.
If you do find you are becoming addicted to gambling, then there are many groups out there to help you. Most casinos offer links to help groups that teach people about the dangers of gambling. If you can control your spending habits and enjoy the occasional game of poker or other card games, such as Black Jack, then have fun with it and enjoy.