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Found 7 results

  1. We have completed more than a quarter of 2023 and this is the time that companies release their Quarterly reports. Taking inspiration from them it is now time for me to take forward my gambling accounting topics and introduce to you guys my third topic in the Gambling book series. I used similar payment providers like last three years and these are Mifinity, Neteller, Skrill, Astropay and bank deposits. I had deposits ranging from €/$10 to €/$700 and cashouts ranging from €/$10 to €/$2000. Please keep in mind that I started the year on a profit of €3000 from last year out of which I had withdrawn €1500 to bank. Another thing that you need to keep in mind is that I take deposit bonuses and it helps my gameplay. Regarding the transactions, you will see big numbers but keep in mind I dont have that much money. For example if I have €1000 and I deposit money on casinos and win, it will give me money to play more. So that €1000 can eventually give me €5000 in transactions but that does not mean that I have €5000 as my gambling budget.
  2. One of my surprising experience of playing at a land based casino/game shop was when I lost about 2000 INR (about 25EURO) and while leaving the operator gave me 20% back and said "this is for good luck". I did not understand that but someone outside casino explained be that because these slot machines were mechanical the owner did not have to share any profit with the providers of machine so they rather give some of the losses back to the depositor. Fair enough. Next to the same shop there was a land based casinos(this one had software provider) where nothing like this happened. Since I became friends with the operator as I was playing there for over two years I asked him why they also dont give some money back as " goodluck." He explained me the basics of profit sharing. The casino operator had two choices. Choice one that the software provider of slots and operator share 50/50 i.e. if a player losses money on slots they both will share equally and if the player wins the payout will be given by both. Or choice two that operator keeps all profit but has to pay a certain amount every month to software provider(of slots) and also if the player wins the entire amount would be paid by the operator barring the Playtech jackpot. This is the basic business model of casinos that I have always had in my head. Now lets focus on the title of this topic and please enlighten me if online casinos also work in same way. Off late a lot of casinos have been released by N1 interactive which are following this strange business model of not giving any sort of welcome package or any deposit bonus but only cashback. Winny(10%), samosa(11%), crazy fox(20%, casiqo(10%) to name a few. How does the business model of casinos work. In this type of profit sharing and as a player should I stay away from these casinos. Why? Because according to me these casinos which provide cashback are like the landbased casinos who chose bigger profit margin and casinos that give match bonus are ones who probably are the ones to take lower risk. The cashback ones are taking that risk of taking bigger chunk of player losses which is their bigger profit and I believe since they are doing this they are also lowering the RTP so that they are at a lower risk of bigger payouts. I know how regulation of RTP works but lets be honest these RTP are based on millions of spins. Is someone here aware of the profit sharing business of casinos and what is the deal that casinos get from slotproviders if they go for cashback vs match bonus. I know this decision is made by Casino management but at the end of the day they do talk to providers regarding RTP and stuff and the impact it might have on the final payout. That is why winnings with bonus money is capped. Enlighten me people!!!
  3. WIN SAFE ON ROULETTE What is best safe long lasting strategy on roulette for small amount ?
  4. Hi. How do you best profit from a bonus? Do you have any good strategies? Usually the wagering requirement is x35. Since the payout % is fairly high for slot games. I set each spin for 2 euro and hope for the best and then just hit autospin. Maybe I make a few high risk spins to increase my bankroll. Feel free to delete this, if it breaks any rules. Thanks in advance sorenjo
  5. Hey folks. As some of you probably remember, I mentioned on a few occasions so far that I'm maintaining a book of records concerning my online gambling in the last couple of years. A book which I call my gambling diary... This year I made a few changes in the way I gather and record my information and thanks God I did it as it is now quite easily to review the whole year in just a couple of minutes and see what happened. Before sharing my numbers, I would like to clarify a few rules I'm using when it comes to my gambling. First of all, at the beginning of the year I try to determine some predefined amount which I could use on a monthly basis and which I must stick to and do not exceed! And so, my monthly gambling budget was $120, which means that the total amount of money I could lose for 2014 was $1500. Unfortunately, November was a bad month and for the first time this year I afford to brake my own rules and used the funds, meant for depositing in December in the same month. No need to explain that I lost them and that's why I mentioned in another thread that I'm done with gambling for this year... The numbers: Total numbers of deposits - 98 Total number of withdrawals - 38 Total amount deposited throughout the year - $10100 Total amount withdrawn throughout the year - $8600 Total amount lost throughout the year - $1500 Largest deposit made at a time- $330 Largest withdrawal made a time - $900 Average amount of deposits made - $103 Average amount of withdrawals made - $226 Total number of casinos where deposits have been made - 7 (the smallest ever number since I'm gambling online, 78% of all deposits made throughout the year went to only one casino btw) Games played - mostly Microgaming, NetEnt and Thunderkick .... Conclusions: 1. Sticking to a predefined budget was the best way for me to prevent from heavy losses. Must admit it is working perfectly so far! 2. At a certain period of time I was almost $2500 ahead, but was chasing larger profit. The final result is obvious already. The inference is that if I had set a target amount of winnings (a double of the set amount of losses for example) I could have been a happy punter right now. 3. I lost my gambling out of control ONLY ONCE and it lasted just for some 60 minutes. The result - $980 gone with the speed of the sound! 4. I had some insane misses during 2014. I had twice a 4-reel Wild Desire in Immortal Romance (once at 0.30 and 0.60 bet per spin) and just one missing wild in reel 1 to create not one but two wild lines during the feature at DOA while playing 1.80 per spin! 5. Despite all ups and downs, I am happy right now. Because I managed to stick to my own rules (on the whole ) for the first time since I'm gambling online and that's a huge success for each and every punter! 6. As one of the fellow members here used to say (SlotoHolic, we missed you mate! ) "Everything in gambling is a matter of self control!". We just have to find it!
  6. Hello Guys, I want to know, how many players of you are trading on Binary Options ? I believe there are so many way to make insane profits from binary options trading and like casinos there are Put and Call options and just 60sec to make a deal profit! I have some informations on this. How many of you interested? Thanks in Advance!
  7. Binary Options What if I tell you that you can trade currencies, commodities, stocks, etc online via government regulated brokers with as low as $1-$10 minimum trade and an initial investment of $100 all the way to $250 deposit. What exactly is this Binary Options trading?? Binary Options in simple terms basically means executing a call option or put option on asset(s) (such as currencies, commodities, stocks, indices, etc) at a certain price-rate speculating whether that price-rate of the holdings you own will decrease or increase in value within a given set of time. If the prediction is right, you will get....
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