Top Gambling Payouts Can Be Life Changing

Casinos, the magic for those ones dreaming of making some quick bucks by chance, are a rage across the world; these top gambling payouts have the potential to change life for those who are lucky enough to be lucky! Traditional gambling locations, such as a bright and colorful Casino, is certainly glamorous, but online gambling is fast picking up with the advent of the Internet.

Top gambling payouts, which are rather very attractive, continue to draw people to try out their luck against odds to hit it big. A higher percentage of payouts is the natural draw. Casinos that advertise their machines having 95% or even 99% payout percentage are, in fact, telling the truth. However, this truth is spread over a period that is pretty long, the lifetime of the slot machines! Thus an average player may not be playing for the machine’s lifetime. It does not guarantee that a player wins 99% of the time they drop the money and pull the lever.

Online Top Gambling Payouts:

The above phenomenon is relevant to the internet gaming world too, with simple to complex software programs governing the chances of players getting lucky. The most professionally run online gambling sites have their results or payouts audited regularly and are published. This gives gamblers the choice and better understanding where to experiment with their money. Online casinos, like the regular ones, also implement many strategies to attract the maximum number of punters or gamblers. Thus they can also give out large payouts and keep the payout percentages high! There is constant competition between online gambling sites to attract the highest number by offering the most attractive payout rates.

The Slot Machine:

The progressive slot machine, which in fact turns out large, life altering, jackpots, are favored by many. The progressive slot machine jackpots are hard to resist. Their types are explained briefly below:

Standalone Machine: These are individual machines not connected to other machines or network. Their jackpot is normally fixed as a percentage of the money that goes into them. In House Progressive Machines: This constitutes more than one machine networked in a single casino. The income is more, so the payout is larger.

Large Area Progressive Machine: This system is the big daddy, making millionaires out of literal paupers! They constitute many machines linked, but are spread over many casinos over wide geographical and even national area. Normally one operator controls all machines in different locations. Thus jackpots are a percentage of the accumulated wealth of all machines!

Video Slots Versus Reel Slots

Reel slots have been the traditional stronghold on casino floors, that is, until the arrival of the more advanced and entertaining video slots. While a traditional reel slot machine spins quickly for the money they take, a video slot machine spins more, thus increasing the excitement quotient. Also, bonus spins are not charged. The top gambling payouts are higher due to the higher income they generate. These have now become a rage with gamblers. However, a few purists still insist on playing in the traditional reel slot machines.

Some Industry Leaders:

The Casino Rewards Group and Fortune Lounge Group are industry leaders. Between them, they run around 30 online gambling/gaming sites. Their reach is limited only to the Internet. Also, the flexibility of language and currency used for the games are great attraction at regional levels. Their top gambling payouts are hard to match!

Slot Machine Gambling – Facts You May Want to Know

The slot machine was invented in 1887 by Charles Frey of San Fransisco. The name “slot machine” is used for American gaming machines. In Great Britain, these machines are called “fruit machines”. In Australia, the machines are known as “poker machines” or “pokies”.

The slots were used for many years as an activity to keep the wives of gamblers in Las Vegas busy. At the time, the machines only took coins, and usually not for very large denominations. Women stayed busy, usually not spending too much money, while their husbands played black jack, roulette, and the crap table.

At the time, most of this gambling was done in Las Vegas, Monaco, or small islands that allowed casino gambling. Slots gambling was not a big part of public life in most parts of the country except for Las Vegas. Most of the people with gambling problems were confined to the Las Vegas and surrounding areas and not many people really heard about gambling addiction and its’ true dangers.

In 1979, gambling was passed in New Jersey, and Atlantic City became the Las Vegas of the east coast. In the mid to late eighties, video style poker games were developed and addiction to slots were becoming a bit more pervasive.

o As of this article, there are casinos in all states except two. Most of these states have allowed just slot machine gambling and no access to table games.

o Statistics have shown that slots gambling is the most popular form of gambling and is responsible for approximately 70 percent of all casino revenue.

o Statistics from studies done in Canada have shown that 58-62 percent of slots revenues come from gambling addicts.

o 98 percent of all gambling addicts who live in South Dakota are addicted to slots.

o The military puts slots on their bases, and according to the New York Times, the government has taken in more than 120 million dollars in slot machine revenue.

o One study shows that there are 1.2 million slot machine addicts in the state of California.

o Great Britain allows fruit machine gambling for children. These children and adolescents are involved in crime, truancy, and drugs and alcohol.

o In Asia, casinos in Macau are responsible for a huge surge in slot machine gambling addiction. Vietnam and Singapore are planning to open casinos in 2009.

o Asians have a strong propensity toward gambling due to their history of not seeing gambling as being a bad thing, but a way to make money.

These are certainly very scary statistics, and it can only get worse as slot machine gambling addiction continues to permeate our society both in the U.S and the rest of the world.

The public is very ignorant about the inner workings of a slot machine. People are unaware of the true odds in an electronic gaming machine and they do not realize that the odds are truly stacked against them.

Many addicted slot machine gamblers also believe in certain myths regarding slot machines. Some of these debunked myths are as follows:

o Contrary to beliefs, slot machines do not stop on winning or losing stops with equal probability.

o Slot machines are not “due to pay” because the machine was cold for a while, and it should be ready soon to pay a jackpot.

o Every slot machine spin is random, and goes through a random number generator. There are much less random numbers for jackpots than more common hands. Therefore, winning a jackpot is highly, highly difficult.

o Contrary to myth, it does not matter if someone uses a players card or not. It does not effect the outcome of the game.

o Although some machines may have a 90 percent payout, it may be weeks before it actually pays a jackpot.

o Just because the person before you pumped a lot of money into the slot machine, it does not mean that “you” will hit the jackpot.

These are just some of the debunked myths about slot machine gambling, and there are many more. Slot machine gambling is not just a harmless past-time anymore. Addiction is a serious social problem, and the consequences of this type of addiction is still yet to be seen.

101 Gambling Tips For the Avid Gambler

While many of the gambling facts you may have picked up in Las Vegas can be useful in online gambling it’s important that you realize there are some critical differences. But with a knowledge of the facts surrounding your chosen game, and armed with some gambling tips from experienced online players, you will find online gambling not only a fascinating and exciting adventure bit also an opportunity to turn your gambling hobby into a profitable venture.

Critical Rules for Every Game

1. Never chase after your losses. Don’t increase your bets because you’re losing and want to get even; only increase your bets as part of a pre-determined strategy.
2. Don’t gamble at any game that you don’t understand. Learn it first.
3. Don’t gamble and drink at the same. It’s hard enough to win at gambling even without dulled senses.
Money Management – General Guidelines
4. You will lose more often than you win and the longer you play the more likely that fact is. And it’s true whether you’re talking about hands of blackjack, rolls of the roulette wheel or throws of the dice.
5. The key to winning is to maximize your wins and to minimize you losses.
6. Learn and memorize the odds at the particular game you have chosen to play as well as the best strategies to use in an effort to maximize your winnings at that particular game.
7. Never gamble with “dear” money; only gamble with “excess” money. In other words, never gamble with money that you will need, or may need, to pay your everyday living expenses.
8. If you’re playing against other players online this is doubly important. The minute you start gambling with “dear” money the other player will sense your heightened stress and play accordingly – often bullying you out of a bet because they know you are more tentative with your “dear” money.
9. Set a stop loss amount and stick to it. Divide your total gambling bankroll into four separate amounts. Divide each of those amounts into four smaller amounts. If you lose one of the smaller amounts, change tables or games or just take a break. If you lose your entire first allotment, stop gambling for the day.
10. Be disciplined and avoid the gambler’s demise of going into your next allotment because you feel like your luck “just has to turn around.”
11. Plan ahead. When you start a gambling session determine the amount that you want to win (be realistic) and when you reach that point put the money away and walk.
12. When you are winning, draw some money occasionally from your gambling bankroll and put it into a “do not touch” bankroll to protect that portion from further risk.
13. No money management system will ever overcome the house advantage over the long term. You will always lose more often than you win. The key is that you must win more big bets and lose more small bets.

Money Management – Positive Progression Systems

14. A Positive Progression System is one in which you increase the amount of your bets when you win and decrease the amounts of your bets when you lose. To use this system properly you must establish a “standard” betting unit.
15. Your “standard” betting unit should be a comfortable percentage of the gambling bankroll that you will be working with for a particular gambling session. For example, if your session’s bankroll is $100, you might make your “standard” betting unit $10.00. This way you would be able to play at least 10 betting events before running out of funds even if you lost all 10 events in a row.
16. These systems allow you to win relatively large amounts during a hot streak while helping to minimize your losses during cold streaks.
17. A common example of this strategy is to add one-half of the amounts you win to your next bet. For example, at blackjack if you win a hand with your “standard” betting unit of $10.00 you would add $5.00 to the bet on the next hand for a total bet of $15.00. If you win that hand you would add $7.50 to the $15.00 for a bet of $22.50 on the next hand. When you eventually lose a hand, return to your “standard” betting unit of $10.00 on the next hand and start the system all over. Of course in practice these increases of 50% will be approximate.
18. Another more complicated system is to always keep your bankroll divided into a certain number of units and then bet one unit on each event. As you win, your total bankroll becomes bigger so each unit will grow and you’ll be betting larger amounts. As you lose, your units, and bets, become smaller.
19. Establish a system for drawing some of the winnings from your gambling bankroll occasionally to put it into your “do not touch” bankroll. For example, when you double your bankroll you might take one-half of the winnings to put into the “do not touch” bankroll. If you experience a long winning streak using a Positive Progression System the winnings can grow dramatically.

Money Management – Negative Progression Systems

20. A Negative Progression System is one in which you increase the amount of your bets when you lose and decrease the amounts of your bets when you win. Again, to use this system properly you must establish your “standard” betting unit.
21. The most common negative progression system is the Martingale System. Here you double the amount of your bet if you lose and return to your “standard” betting unit when you win. For example, at blackjack if you bet $10.00 and lose you would bet $20.00 on the next hand. If you win that hand you would then reduce your bet to the “standard” $10.00 bet for the following hand. In all gambling, the Martingale system will always fail in the long run.
22. This system can be very frustrating because during a hot streak you are winning only your “standard” betting unit. And during cold streaks you are continually losing bigger and bigger amounts.
23. Remember, draw some money occasionally from your gambling bankroll winnings and put it into a “do not touch” bankroll.

Playing Roulette

24. American roulette is one of the worst casino games that you can play because the house advantage under standard rules is 5.26% or higher.
25. European roulette offers a lower house advantage under standard rules of 2.7% because there are fewer slots with only one “0″ as opposed to the “0″ and “00″ in American roulette.
26. All bets on in American roulette give the house an advantage of 5.26% with one exception: the “0″, “00″, 1, 2, 3 combination bet gives the house a much larger 7.89% advantage.
27. All roulette betting systems rely on the inaccurate assumption that the result of previous spins can predict future results. Unless the system is defective or fixed, each spin carries the same odds as every other spin.
28. The most popular betting system at roulette is the negative progression system known as Martingale (see #17). As in all other games, the Martingale used in roulette will always fail in the long run.
29. Because of the heavy house advantage if you are playing not just for amusement but to win money you might as well take a shot at the higher payoff bets and hope that you get lucky.
30. Try a modified positive progression system at roulette. Divide the amount you are willing to lose at one roulette session into 35 “standard” betting units. Pick one number and bet one unit on that number (must be at least equal to the table minimum bet). Continue playing one unit on that same number until you either win or run out of your 35 unit bankroll. If you win, bet two units on the same number and continue betting two units on that number until you either win or lose your bankroll. If you win again, walk away!
31. Roulette is a relatively slow moving game compared to other online games, so it should take you a longer time to lose your bankroll.
32. Do not play roulette as a way to win money; the odds are too heavy in favor of the house. Play roulette only as a way to have fun and pass the time without losing a lot of money quickly.

Playing Baccarat

33. Baccarat is one of the easiest casino games to play and offers a relatively low advantage to the house of just 1.06%.
34. There may be as many as 12 to 14 players at a table, with the role as dealer passed around the table much as the dice are passed around a craps table.
35. All players may bet on each hand and the bets are either on the “player”, on the “dealer” or on a tie. With the exception of the tie bet, baccarat is much like betting heads or tails on the flip of a coin.
36. Neither banker nor player can make any decisions regarding play; the rules of the game stipulate what must be done with every hand and a house “dealer” supervising the game will direct the play accordingly.
37. Winning bets on the player or the dealer both pay even money, minus a 5% commission paid either at the time of the bet or when the player leaves the table.
38. Winning bets on a tie usually pay 8 to 1, again minus a 5% commission.
39. In an 8-deck game, the house advantage is slightly less for a “banker bet” and dramatically higher for a “tie bet”, so it seems most logical to bet only on the banker.
40. As in all online gambling, card counting is meaningless because the deck(s) is usually shuffled after each hand in baccarat.

Playing Blackjack

41. Blackjack offers one of the lowest house advantages at around .60%, but expert players can actually create situations where the player has an advantage.
42. For the serious player there are many complex strategies that require time and dedication to master.
43. Never just sit down cold at a table. Blackjack tends to be a game of streaks, so watch a table for a few hands to determine if it is a hot or cold table for the players.
44. A “soft” hand is a hand with an Ace that can be counted as either a 1 or an 11 in value and still keep the hand’s total at 21 or less.
45. A “hard” hand is a hand with an Ace that must be counted as 1 in value in order to keep the hand’s total at 21 or less.
46. A beginning or social player should stick to the generally accepted rules of the basic blackjack strategy.
47. Never be afraid to take a card that might bust you. Always play the odds; don’t let the fear of a bust stop you from taking a card when you know it’s the option with the highest probability of success no matter how small that probability may be.
48. Read one of the many excellent books on counting cards if you are serious about blackjack and willing to spend a lot of time practicing and perfecting your play. As in all online gambling, card counting is of little value because the deck(s) is usually shuffled after each hand. In blackjack, however, with many players at a table it may be beneficial for that one hand.

Playing Blackjack to Win – The Best Moves

49. Always split Aces and 8s as the odds are good that the two new hands will be dramatically better than either the soft 12 or hard 16.
50. Stand with a hard 12 or higher when the dealer is showing a 4, 5 or 6. The odds are good that the dealer may bust on the next card or that you will bust if you take another card.
51. Take a hit on anything below a hard 17 when the dealer is showing a 7 through an Ace. Don’t be afraid to bust!
52. Always double your bet when you’re dealt an 11.

Playing Blackjack to Lose – The Worst Moves

53. Never split 10s because you may very well be trading one excellent hand for two mediocre or bad hands.
54. Never take insurance since the odds significantly favor the dealer. Even if you’re holding a blackjack on the hand yourself you will be trading a high probability of winning a 1.5 to 1 payout in exchange for a guaranteed even money payout.
55. Never stand with a soft hand that totals less than a soft 17.

Playing Craps

56. Craps is an entertaining and fast paced dice game that offers some of the best odds for players, as low as a 1.41% house advantage and even lower for some bets.
57. Craps can be a very complicated game so if you are going to be a serious player read and absorb a good systems book.
58. Establish a “standard” betting unit that is lower than your “standard” betting unit in most other casino games because in craps it’s easy to get a lot of money on the table quickly during a long roll.

Playing Craps to Win – The Best Bets

59. If you just want to enjoy the game but play like you know what you’re doing, try a very simple strategy starting with a new roller.
60. The Don’t Pass line offers relatively good odds with just a 1.40% house advantage.
61. The Pass Line also offers relatively good odds with just a 1.41% house advantage.
62. Place a minimum amount of your “standard” unit bet on either the Pass Line or the Don’t Pass Line and save the majority of the unit to “take the odds” after the point is established. In doing this you will get true odds on that backup bet with no house advantage at all.
63. Place a bet on the six or the eight in dollar amounts that are a multiple of six. The house advantage on this bet is only 1.52% and if the number is rolled you’ll win $7.00 for every $6.00 you bet.

Playing Craps to Lose – The Worst Bets

64. All of these bets offer impressive payouts but even those high payouts are not enough to offset the big house advantage.
65. The “Any 7″ bet, where you bet that the next roll will be a 7, provides the worst odds on the table with a house advantage of almost 17%.
66. The “Any Craps” bet, where you bet that the next roll will be a 2, 3 or 12, also offers bad odds with a house advantage of just over 11%.
67. The “Hardway” bets and the “Big 6″ and “Big 8″ bets are also poor odds with a house advantage of from 9% to 11%.

Playing Texas Hold-’Em Poker

68. The more players there are at the table the higher the odds that at least one other player has a strong pocket hand, so be more cautious with your pre-flop betting.
69. Be careful betting a high pre-flop card unless you have a good kicker as well.
70. Determine early the types of players at your table – aggressive or cautious – and remember and adjust your determinations throughout the game.
71. At games where notes are allowed make a note on any player whose tendencies you identify. You may see them later at another table.
72. Bet or raise with a good hand; don’t let other players get free cards that might make their marginal hand into a strong one.
73. Don’t be predictable. Vary your play to confuse your opponents as to whether you are an aggressive or cautious player.
74. Don’t bluff often and try to establish a cautious reputation at the table so that when you do bluff your opponents will think you must have a good hand and be more reluctant to call your bluff.

Playing Slots – The Facts

75. The payback percentages for online slot machines are generally better than the payback percentages in live casinos.
76. The numbers revealed on a spin of the wheels on a slot machine do not show up in any order. The numbers are being selected constantly, not just when the handle is pulled. The numbers to be displayed on the wheels are randomly selected at the instant that the handle is pulled or the spin button is pushed.
77. It’s impossible to tell when a machine is about to hit.
78. A machine can go for very long periods of time without a significant jackpot or it could register several large jackpots in a row. It’s all random selection.
79. The number of coins you choose to play affects only the amount of your bet; it does not influence the selection of the numbers.
80. Slot machines can be set with different payback percentages as well as different hit percentages.
81. Payback is the percentage of the money bet that the machine will return to the players over the long term. It usually ranges from 75% to as much as 99%.
82. The hit percentage is the percent of the time that the machine will payout some money on a spin. This can vary widely, from under 10% to over 90%.
83. Machines that are set to pay off frequently will usually have more small payout amounts and fewer large jackpots.
84. Machines with a high hit percentage (those that are set to pay off frequently) are normally referred to as “loose” slots.
85. Machines with a low hit percentage (those that are set to seldom pay off) will usually have more large jackpots and few small payout amounts.
86. Machines with a low hit percentage (those that are set to pay off infrequently) are normally referred to as “tight” slots.
87. There is no universally accepted “good” slot machine; it depends on the individual player and whether he would prefer many small payouts or a chance for one large jackpot.

Playing Slots – Strategies

88. Because of the random nature of each individual machine no gaming strategy will work over the long run on slots.
89. Before you start a gambling session on slots determine the amount you want to win and resolve to withdraw your cash when you reach that goal.
90. Choose an online site that does not have a wagering requirement that must be met before you can withdraw your money.
91. With all other factors being equal, choose the online site that offers the biggest bonus to new players.
92. Because the house has an advantage in slots, playing with small bets for long periods is a sure-fire strategy to lose.
93. The key to improving your odds of winning lies in knowing which type of slot machine to play.
94. When selecting a slot to play, avoid those with huge jackpots; the best odds of winning lie in the machines with small jackpots because their most frequent payoffs will be of medium size.
95. Play only on small jackpot machines that offer as many beneficial bonus features as possible.
96. Look for machines that offer wild symbols as well as multipliers to improve your odds of winning.
97. Look for slots offering second-screen bonuses or free spins to improve your chances of winning.
98. Look for slots offering what is known as the “gamble” feature where your wins can be gambled for double-or-nothing for as many as five times.
99. When you reach your pre-determined target for winnings STOP and cash in your chips.

Finally, there are two critical rules to all gambling, including online gambling, that you must follow and these rules bear repeating:

100. Never gamble with “dear” money; only gamble with “excess” money. In other words, never gamble with money that you will need, or may need, to pay your everyday living expenses.
101. Set a limit to the amount of money you are willing to lose, and can afford to lose, and stick to it.

Jackpots – How it Works and Ways of Playing

Many people have heard the expression “hitting the jackpot,” but there are some who do not know what that means. There are some who hope to “hit the jackpot” as soon as possible. What is a jackpot? It is the highest payoff of a casino game. Most jackpots are progressive, meaning that the amount of the jackpot increases with every game or every round that it has not been claimed.

How the Jackpot Works
The most common progressive jackpot games are slot machines and video poker. In most casinos, the players with the highest bets are eligible to win the jackpot even though players with lower bids still contribute to the jackpot. The jackpot increases a small percentage every round, game or hand that is played in both video poker and slots. Several machines are connected to one progressive jackpot, so that the jackpot can grow quickly even though each individual deposit is small. However, only a small fraction of all of the casino’s gaming machines are actually connected to the jackpot. In order to win, the player has to have the highest winning combination of cards known as a royal flush in video poker, or have the matching symbols on the correct line on the slot machines. The chances of winning a progressive jackpot are incredibly small, but the novelty of a progressive jackpot is the large reward for winning. The machines are constantly changing fancy meters also to attract players continuously.

Several Progressive Jackpots
Although progressive jackpots are usually associated with slot machines and video poker, several games have jackpots. Many versions of poker have progressive jackpots like Caribbean Stud Poker. Some casinos online offer progressive jackpots for roulette, blackjack and other popular casino games. Winning progressive blackjack requires the player to make an additional bet specified by the casino, and not only beating the dealer, but also having a specific combination of consecutively dealt cards. Other than that, progressive blackjack and conventional blackjack are played the same way. Many gamblers never or rarely visit actual casinos, but gamble with lottery tickets and Powerball, a game that involves players picking random numbers and matching them to computer generated random picks. Every lottery ticket or Powerball entry contributes to the progressive jackpot, the prize for picking the correct Powerball numbers. The difference between lottery and casino gambling, however, is that the profits from the lottery usually contribute to educational funding and scholarships for students, whereas the casino keeps the profits that it makes. Some people prefer lottery tickets over casino gambling for that reason.

Winning the jackpot is extremely difficult, but millions of dollars are spent every year by people who hope that their bet will be the lucky bet. In most cases the chances of winning even the state lottery is at least one in three million and sometimes more. However gambling hall revenue is steadily increasing. The odds indicate that winning is not impossible, but improbable for most. Still, there are those lucky few who do win and inspire others to keep playing.

The Increasingly Popular Progressive Jackpot Slot

The charm of the online casino attracts a huge number of people all over the world. With time the variety of the Casino games have increased significantly. In the past people needed to go to the brick and mortar casinos for playing the exciting casino games but after the advent of the web things have changed. The online casino sites are becoming very popular among the casino players.

Online casinos have become popular with people as they offer a plethora of games to them, and gamers can choose to play their favourite games at the time they want. This is ideal for the busy professionals who love playing slot games, roulette or blackjack but lead hectic lives.

People who are interested to join online casino sites can check out the web for information. There are simply a huge number of casino sites on the web that offer not only cash play but also free play. However for succeeding at gambling at online casino games a person need to be well versed in certain aspects of casino gaming.

The popularity of progressive jackpot slots is high among the casino players these days. They are slot games with a different flavour and get the name from the playing style. The pot keeps growing until a player wins it. After that the progressive jackpot is reset at the beginning point to grow again.

As a matter of fact, the progressive jackpot slot games start with a fixed amount. This amount can vary drastically from one point to another. The Mega Jackpot tier of Mega Moolah has the starting pot amount of $1,000,000.

The Progressive jackpot slots attract lots of casino players owing to the huge amount of prize. Last year a player from Finland named Klaus E hit the Major Moolah Mega jackpot. The player bagged a whopping $5.5 million dollars. Another player named Karola H became a millionaire this year in Major Millions. After playing at Royal Vegas she won an amount worth $1.2 million dollars.

A casino player needs to select an online casino that is safe and secure, offers a variety of games and has an easy to use Interface. He can read the Casino reviews and online forums for this purpose. Gambling Happy is a site which offers not only reviews from the webs most trusted casinos, poker rooms and bingo halls, but also some helpful beginners guides

Here one can find information on the popular and lucrative Jackpot video slots like Mega Moolah, Tunzamunni and Major Millions as well as updates on the latest casino developments.

Online Gambling Debts – How to Deal With the Causes and Effects of Online Gambling Debts

One thing there is no shortage of on the internet is opportunities to gamble. We are spoilt for choice, whether your fancy is for betting on sports, playing virtual card games or bingo. One of the things that makes internet gambling so potentially dangerous is that it is easily available for 24 hours a day. The real danger comes when you combine this factor with the fact that it is so easy to feel detached from the reality of money spent online. Gradually racking up a debt online does not feel the same as handing over hard earned cash from our wallet, so it is that much easier to lose track of how your online spending is mounting up.

For these reasons, debt problems from internet gambling are on the increase. In this article I hope to clarify some of the legal issues around online gambling, as well as providing some advice on dealing with the underlying problem and the debts that result from it.

Legal Issues Around Gambling Debts

When we talk about debt from online gambling it is important to be clear about the nature of the debt, because who the money is owed to does make a difference. People are often unsure about the legality of debts from online gambling. In the UK you can gamble legally on credit and incur a debt, but this debt is not then enforceable through the law.

However, there is an important point to make here, which is that this only applies when you are using credit extended by the company offering the gambling (casino, bookie, etc). If you use a credit card company to pay for internet gambling, that is a legally enforceable debt the same as it would be in any other circumstance, because you have borrowed money from the credit card company, not the casino. It is now against the law in the US to use a credit card to pay for online gambling.

You will find that many credit cards will regard a payment to an internet gambling website as a cash advance. This is then clearly borrowing money from the card company and the debt you incur can be pursued through legal action. If you do use a credit card to pay for online gambling this way, you should be aware that cash advances on credit cards are almost always charged at a much higher rate of interest than normal credit for purchases.

How To Deal With Debts Caused By Gambling

In dealing with gambling debts, there are two separate issues to tackle. One is the debt itself, and the other is the habit of gambling that led to the debt. Even if the debt is dealt with, it is likely to build up again if the root cause is not tackled too. Let us first consider the problem of paying off the debt.

The principles for tackling debt are nearly always the same, irrespective of the causes of the debt. To permanently deal with debt you should not be considering borrowing more money or paying anyone to deal with your debt for you. These courses of action are likely to deepen your debt in the long run.

With a little advice, you can deal with your debts yourself, by contacting your creditors and agreeing terms for repayment that you can afford. There is clearly more to it than that, but it is beyond the scope of this particular article. The process is straightforward and allows you to take back control of your finances.

Factors Leading To Internet Gambling Debts

It may help to have an understanding of why some people can become addicted to online gambling. The following are often contributory factors:

Gambling can be thrilling, leading to an adrenalin rush and feelings that we want to recreate time and again.

Many addictive gamblers think that they can win money and that this will solve all their other problems. It actually just leads to more problems by creating debt, which can then make it seem even more important to win the money, creating a vicious circle.

Addiction to gambling can actually be a mental disorder, which can lead to a compulsive need to gamble.

Being addicted to online gambling is often associated with other personal difficulties, including depression and stress.

Online Gambling Debts – The Warning Signs You may have a problem if you can answer yes to any of the following questions:

When you are not gambling, do you think about gambling and how you are going to get back to it?

Have you ever missed work because of online gambling?

Do you feel the need to gamble again after winning or losing?

Is the length of time you spend on gambling getting longer and have you ever spent longer online than you thought you had?

Are you secretive about your gambling with family or friends and do you dislike other people bringing it up?

Practical Steps To Tackle Online Gambling Addiction If you think you may have a problem with online gambling, here are a few simple steps you can take to begin to reduce or stop the habit:

Be open with friends and family and seek help with the problem.

Cancel any accounts you have with websites for online gambling.

Consider using software that blocks your access to online gambling websites.

Keep a proper, ongoing record of everything you spend – take steps to bring home the fact that the money you are using is real.

When The Fun In Gambling Is No Longer Fun

Gambling is all fun and games until you hit the point where you cease seeing the fun in it, or you become irredeemably addicted.

Admittedly, most people do not see it coming. They start gambling for very noble reasons including,

1. The need to take time away from work and family pressures
2. Escape route from depressing thoughts on other issues.
3. Hopes of winning a fortune and living lavishly ever after
4. To bring a tinge of excitement into their otherwise dull lives
5. A chance to go out there, socialize and make new friends.

As you can see from the above points, no one anticipates that gambling will grow into the Frankenstein that now threatens to push them off the sanity cliff. A lot of people are able to keep their gambling under rein. They do it for fun, to pass some time and to socialize. Others lose it completely. They become slaves to online and offline gambling. It throws their lives off-balance. They start putting more time and money into gambling, and they gradually neglect other aspects of their lives.

At this point, problem gamblers look back at their lives and get surprised at how and when it happened. For a lot of people, the problem starts with a shift in mentality. A big loss or a big win, and you are hooked. You start gambling more money than you had planned to spend on gambling, you invest a lot of time in the casinos and before you know it, you are a slave to gambling. You can’t eat, sleep nor breathe without thinking gambling.

To help you understand how gambling addiction works, I have analyzed some of the most common factors that pull people deeper and deeper into addiction.

1. Illusion that You Can be in command of Chance
No one can control chance. It doesn’t favor anyone, smart or otherwise. Unfortunately many problem gamblers think that they can manage to overturn their luck on the tables through sheer power of the mind. They have this skewed illusion that they can win if only they can learn the tricks of the game. They spent hours on end in the casinos trying to perfect their game. They fail to acknowledge the fact that gambling is 100% chance and not something to be learned. There are no tricks and knowledge that will all of a suddenly overturn the tables to your favor.

2. The Lure of the Jackpot
Winning a few hands on the tables can make you feel unconquerable. Everyone loves winning, and science has proved that people remember their victories more than they remember their losses. Fortunately, or probably unfortunately in this case, new gamblers have what is commonly referred as ‘beginner’s luck’. They begin their gambling hobbies on the right foot. They become obsessed with the idea of winning the jackpot.

3. Faith of Changing Luck
In life, we are encouraged to get up after every fall. We will make it in the end. We will accomplish our goals if we do not quit. After all, who wants to quit while the gold vein could be just a few inches away. There is only one place where this advice does not apply. If your quests are governed by pure luck, there is very little chance that you will ever make it. The statistics are open for anyone who wants to take a look. Gambling only ends up in massive losses, debts and frayed social relationships. There is no better time to quit than now. Lady Luck will not smile at you anytime soon.

How To Know If You Are Addicted To Gambling
Although there are clear pointers that indicate you are going down the addiction lane, it can be extremely difficult to identify them if you do not know what they are. This is probably the saddest thing about addiction. We never know we are addicted until we take a step back and look at ourselves in hindsight, at which time the damage has already been done.

In this section, we will discuss the 5 major red flags to watch out for.

1. You Just Can’t Stop
Remember the wise Gambler who Kenny Rogers sings about? Every wise gambler knows when to hold and when to fold. Compulsive gamblers on the other hand do not have limits. They will gamble everything they have thinking that they are having bouts of fun, when in actuality they are driven by compulsions beyond their control.

2. Gambling with Money Not Meant for Fun
Problem gamblers will gamble with money that they can’t stand to lose. They do not have a set gambling budget and will often risk money meant for important things such medical bills and other utility bills.

3. Gambling to Win or to Recover Losses
If you find yourself gambling more for the sole purpose of hitting the jackpot than for fun, you need to reevaluate yourself. Same case applies if the main driving force behind gambling is to recover losses that you had suffered earlier.

4. Obsessively Thinking about Gambling
If you eat, drink and sleep thinking about gambling, you might already be too deep in the trench.

5. Borrowing to Finance Gambling
Have you ever borrowed money to finance gambling? Chances are if you have, things are not looking so good.

What other key pointers do you think indicate a problem with gambling? I believe that you know them better. You know what triggers that red flag and siren at the back of your mind. A lot of gamblers realize the symptoms that point to problematic gambling in their lives, yet stopping becomes a quagmire.

Tools You Need When Starting Your Own Gambling Website

There is a wealth of information on the internet about gambling and betting. How to start a gambling website, what do people bet on, is a betting exchange better than a sports book or casino website, or do users prefer betting online rather than betting offline? What is lacking in many of these posts is not the information they provide on starting a gambling website, but rather exactly where to start. So Where do you start, you ask? and how do you start? Would you require funding when thinking of starting your own gambling website? Are there legal pitfalls in running an online sports book or casino gambling website?

Asking these questions is only a tip of the iceberg in knowing exactly what you are getting yourself into in running a betting exchange or any of the other gambling websites, but knowing the answers will better your chance or odds in running a successful online gambling site. So where do you start? You can search and search around the world wide web and gather all the information (highly recommended) on starting your own casino, running a proper betting exchange, or on providing a fair online sports book atmosphere to your users, but knowing exactly how to use this information is key in running your outfit.

Before we get into how to use the information you gather properly, you may want to visit some of these places if you have not already done so: gambling forums, casino pages, sports website, news pages on gambling, pages on the “internet gambling regulation act” and how it will affect your online website, laws governing gambling and paying close attention to the dates the country each specific information pertains to and so on.

By now you must be thinking this is a bit to extreme. But ask yourself this: do you know what each gambler want, do you know what will make them use your site over the next Joe website. Simply put you need to know the things that will drive advertisers, sponsors to your site (funding) and most importantly what will drive users to your site. You can have the best house on the block but if not one knows about your house or you, well you get the picture.

If you have visited the suggested headings listed above and read up a bit more on gambling and the laws governing online sports book, casinos, poker rooms and betting exchanges and still wish to continue then read on my friend, you have gotten over the first hurdle. Now that we have you thinking outside the box and have a better understanding on what’s in store for you lets tackle the first and very most important question you would first need answered “Is gambling legal”.

Now this is the most important because if you are thinking of conducting or running a gambling website in a country, city, state, province, town, what ever it may be and its not legal. Like monopoly you will be fined or worst you will go directly to jail. Sorry boys and girls but we need to make one thing clear here being online business doesn’t mean a thing to the government and the authorities. You will need to register a business or acquire a business license (not the same as a gambling license), you will need hosting and you will need a bank account to hold the money generated from your sports book, betting exchange, poker or casino website. So finding out if gambling is legal where will be running your business is extremely important.

To give you a better picture of things 9/10 planning to run a gambling website have had to opt for an offshore operation. Why you ask? Well that obvious of course. In places like Costa Rica there are laws in place for gambling, but there are no law against online gambling neither is there a need for a gambling license (more on gambling license later), but you will again have to do your research, if you are serious about running a sports book or any of the other gambling websites, prepare yourself to gather information. Here is Tip #1 – Speak to a Lawyer (a reputable one if you can) they will shed a LOT of light on your situation and point you in the right direction.

So this brings us to our next question, licensing, and no its not your drivers license. A gambling license is required to run a betting exchange, sports book, casino, poker or any other gambling website most of the time but not always. This is why again you will need to do your research. But you know what they say, when in doubt get one. That was a joke Joe. If you are really unsure speak to that lawyer friend that you spoke to in tip #1 about this and any other documents you may need to complete this process, ask your local gambling or gaming authorities/associations in the jurisdiction where you plan to run your online gambling website for advise. So remember a gambling license is recommended but may not be required. Tip #2 Visit the local gambling authorities.

By now you should have gathered enough information to get you on the right track and keep you out of jail or worst a state prison.

Let us touch on a few more key areas on running your own gambling website. You will need some (the more the better) research and marketing to be done. But haven’t you already gathered enough of your own research? No Joe. That was just information gathering, getting your feet wet, getting to know how the industry thinks. Don’t assume anything. There are rules to every game, and yes there are rules to running an online business and especially a sports book, betting exchange, poker room or casino. Just because you know a little about running a website, the rules and strategies change for each business, and you will definitely need to know about these rules if you are even dreaming of becoming successful in the online gaming and gambling industry. This doesn’t mean visiting all those forums and readings were for nothing, they will definitely help when you are ready to run your advertising and marketing campaign, you will be more than glad that you did.

If you have not already done a business and/or marketing plan this will more than likely lead to the development of one. Getting to know your target market, trends, location, gender, users’ habits, wants and dislikes etc will all help you to become better aware of your strategies and help in your success. So hire a reputable marketing company or speak with a friend or someone in the marketing field that can shed a bit more light on your exact situation and point you in a better direction. You don’t want to find out the hard way that the market you were targeting does not care much for gambling. Tip #3 Get proper research done.

This brings us to our next area of interest “staff or team”. From your information gathering and research you must have realized that ever if you may want to make this a one man show you will need a team or some sort of staff. Now a team does not mean you have to hire on a full time staff. Even big time giants like Microsoft, IBM, Logitech contracts out from time to time. It just means you will need a little more than just yourself in certain areas. Even if you know the gambling world it would be wise to contract some professionals in key areas (even if its for a little while) to show you some hidden places you have not yet covered. You would definitely need a technical someone or a development company that will be able to handle any problems you may encounter, updates you may need for your website, programming you might require, designs you may want to give you that look and feel to set you apart from your competition etc. You will most likely need a bookie, bookmaker, (maybe more than one) who knows about bookmaking to set, update, prepare events, lines and odds on your sports book, casino, betting exchange or poker website. So a team or individual staff is definitely a must, but can be inexpensive if you plan properly and consider contracting. Tip #4 Put together a proper team.

Now we’ve touched a bit on your website, but what sort of website or software will you require. The next on our list will be Software. First ask yourself what sort of gambling website will this be; A full Casino, poker, Betting Exchange, sports book or better yet why not all? This is where your research and information gathering comes into play, review ask questions, speak to your lawyer, and make a solid decision. What are the risk factors, who are my competitors, where do you get my line feeds from? Those are all questions that should have been included in your research and answered by now.

After that is settled it is now time to choose a development company that specializes in online gaming (more specific online gambling). Most if not all would already have products readily available that have been tested and will usually do modifications to fit your needs, it is usually more cost effective than having a website developed and put together from beginning to end. Software can range in prices, expect to pay between EUR 10,000 EUR to EUR 60,000 EUR. Some places of interest may be: Playtech (Rated for their Casino software), E-Prompt C’s BetMore – BetMore Software (Rated for its betting exchange & sports book software), Microgaming (Rated for their poker software). Tip #5 Get good software.

Well that should be it. But lets not forget the last and one of the most important on our list “Financing”. Sports book, betting exchange, poker, and casino websites are by far the most expensive business operations you can ever run, and this does not change the facts for an online operation. You do not need a building, but you will need hosting, you do not need slot machines but you will need software, you do not need cashiers but you will need payment merchants and/or gateways. Speak to your lawyer, speak with your marketing and research team, they will give you pointers to get funding, you will definitely require money to run this business constantly, so find sponsors, investors that will partner with you unless of course you have the cash and is willing to use your own money, Here is a hint you will need more than just EUR 500K EUR. Tip #6 Get funding.

You Need Help To Quit Gambling For Good

Are you worried about the gambling habit of someone in your household? Undoubtedly it is the spouses, family members and loved ones that suffer as a consequence of a gambling addiction. Knowing which course of action to take can prove to be a difficult one. Quit Gambling for Good is a solution that can help the gambler within your family to come to terms with their problem and stop gambling. To the compulsive gambler knowing there is a problem and admitting there is a problem are two different matters. To the rest of the family,they just know there is a problem, a problem that needs to be addressed.

The Quit Gambling for Good guide identifies, discusses and addresses the financial, psychological, physical and emotional impacts of those surrounding problem gamblers (list below).

Types Of Gambling
Types Of Gamblers
Real Life Gambling
On line Gambling
Why On line Gambling Is Not Good
How Gambling Influences On Family/Families
Why Should You Stop Gambling
Benefits And Advantages Of Stopping Gambling
Quit Gambling! Don’t Ruin Your Life!
How To Stop On line Gambling
Ways To Stop Being Addicted To Gambling!

These adverse effects can also lead to marital disharmony or even divorce and family break ups, maybe you are a victim of these circumstances.

The impact of the on line Poker phenomenon in particular is a major contributing factor causing high levels of out of control gambling. On line poker is rapidly becoming one of the most popular gambling games at on line casinos and gaming websites on the Internet. The main reason for this popularity is the belief that it is a game of skill in which enormous cash prizes can be won. This belief is a fallacy. Skillful play will never help gamblers to win money at on line poker because winning money at on line poker is impossible.

The top poker players in the world do not play poker at gambling websites. Some top poker players may say they do only because of getting paid for endorsements. These top poker players know they can beat the other players, but that they cannot beat the house. There is not anybody on the face of this earth who can make money playing on line poker. Even the world’s best poker player will never be good enough to overcome the “rake” which is the house cut from each pot.

To digress generally, many articles have stated that gambling of which there are many forms, casinos, horse racetracks, sports betting, stock market trading, Internet gambling websites, card games, bingo parlors, gambling machines, lotteries and more is one of the fastest growing worldwide problems.

The gambling industry is out there constantly trying to exploit the weak and vulnerable with influential factors such as government and politician endorsement ,media such as TV, radio, newspapers, books,magazines,sports leagues,movies and TV shows, advertising and the Internet.

DO NOT be a victim seek help, seek out the Quit Gambling for Good [http://re-vue-me.blogspot.com/2009/10/you-need-help-to-quit-gambling-for-good.html] guide. This eBook is a must buy and a must read for every gambler and those surrounding the gambler!

Some Answers to Your Questions About Gambling Addiction

How Do I Know If I Have A Gambling Addiction?
You will know if you have a gambling addiction if gambling has affected your life negatively socially, emotionally, financially and spiritually. If you have gambled alone, and have missed work, lost more than you could afford, or lied about gambling, you more than likely have a gambling addiction. “Compulsive Gambling” is considered an impulse control disorder and is characterized by unstoppable thoughts and uncontrollable impulses to gamble. “Problem Gambling” is considered less severe than compulsive gambling, but it is still a very serious problem.

Someone in my family is addicted to gambling. What should I do?
There are many paths you could take when a family member is addicted to gambling. You can go to a gamanon meeting yourself to get 12 -Step support from other family members of gamblers.(Check links and resources). This might be a good first step in finding out how to approach your family member, since every situation is different. Please check resources page for more information on this topic.

I have a gambling addiction and I have lost a lot of money. I am in debt, and I do not know what to do. Can you help?
Going into debt is one of the biggest after-effects of a gambling addiction. It can effect the gambler long after he or she stops gambling and is one of the long-term consequences of gambling addiction. When you attend a Gamblers Anonymous 12-Step Group you can find support from trusted members on how to deal with your debt problems. Please also visit the links and resources page to find out more about debt and credit solutions as a result of your gambling addiction. Remember, gambling addiction is not a money problem.. it is an emotional and spiritual problem with financial consequences.

Can I have a gambling addiction if I go to the casino.. but mostly win?
Yes. There are 4 phases of a gambling addiction. 1. Winning Phase: Usually starts with a big win and a belief that good luck will continue indefinitely. 2. Losing Phase: More pre-occupied with gambling. You are gambling alone, missing work, lying about your whereabouts, and beginning to chase your losses. 3. Desperation Phase: This is truly characterized by a loss of control, preoccupation with gambling, defaulting on most debt, cheating or stealing,loss of job or primary relationship. 4. Hopeless Phase: You hit rock bottom. You may also start abusing drugs or alcohol. Suicide thoughts and attempts are common in this phase.

I gamble when I am lonely and depressed. How come?
You are most likely known as an “escape gambler” You gamble to escape emotional pain. Most “escape gamblers” can become addicted to slot machines, online gambling, and bingo. An “action gambler” is someone who enjoys risk taking and gambles on games of skill such as sports betting, the stock market, and cards. “Action-gamblers” have been traditionally male, however, the genders are becoming well represented in each group.