There is a little deja-vu involved while writing this article, for the same has been said a lot of times on different forums and chat rooms. That Bitcoin, Satoshi Nakamoto’s peer-to-peer payment system, is an ideal payment system for circumventing banks and their “terms and conditions”; that the technology is so apt in its intrinsic design, it can completely remove the money-grabbing financial intermediaries from payments.
Online casinos are perhaps the first form of merchant groups that had understood the true potential of having a decentralized payment option on their platforms. The first and foremost casino website that comes to mind is SatoshiDice. Created by Eric Voorhees, the famous Bitcoin veteran, in 2013, the gambling platform once used to record around 5-6% of the value of all Bitcoin transactions.
April 1, 2015
It is hard to find anyone who plays poker, whether professionally or as an amateur, who hasn’t heard the name Daniel Cates. Daniel ‘Jungleman’ Cates, is one of the rare poker players who came up through the online poker ranks and was able to conquer the live tournament circuit as well.
With over $3 million in live tournament winnings and over $10 million online, Cates is truly one of poker’s elite. One might think his nickname came from the online world, but actually it came while playing live games. He had long hair and admitted to being pretty hairy with a resemblance to Tarzan. The other players started to call him Jungleman, and it sort of stuck.
March 31, 2015
The odds of drawing a royal flush are 30,939 to 1. The chances of pulling 20 out of 20 on an 80-ball Keno are about 3.5 quintillion to 1. Hitting a single number on roulette carries a probability of 35 to 1 against. Gamblers love to know the odds. It is the intriguing part of the strategy. Even when looking at the business of gambling, we all become Jimmy the Greek and look at the spread.
February 11, 2015
For anyone involved in the online gambling or social casino industries, 2014 was an interesting year. Mergers and acquisitions continued, involving traditional gambling companies and social casino startups. More U.S. states (New Jersey was the big news) and international governments passed laws to regulate online gambling and cryptocurrencies like Bitcoin have continued making waves in gambling networks, as many are speculating whether digital currency will soon be the norm in online gambling.
After carefully following changes in 2014, there are several predictions about what 2015 holds for the world of online and mobile casinos.
January 27, 2015
Whether you like placing bets for fun or do so professionally, everyone’s got a little gamble in them. Gambling itself is rich with a full lexicon of words that it pays to understand before you start making your wagers. Here, then, is a rundown of 21 of the more common terms used in all forms of gambling. Why 21? No particular reason other than that being the minimum age to gamble in Las Vegas—and we all know there’s nothing like gambling in Vegas!
October 30, 2014
Online gambling is fun, but finding an online casino can be tricky. There are so many options (thousands, in fact) that it’s hard to keep track of what’s available and, more importantly, which casinos are trustworthy. You don’t want to win a big pot and then realize the system was faulty and you lost it or that there are/were poker bots at the table.
October 21, 2014
Sitting down to gamble is a fun, sometimes even thrilling, hobby. So when you can do it from the comfort of your home, many online gambling enthusiasts agree that it makes the pastime twice as enjoyable.
The first online casino available for use in the U.S. was introduced in 1995. Since then, online gambling has exploded, not only in the U.S., but on a global scale. Although due to the United States’ regulations regarding online gambling, it is an immensely popular industry and is expected to grow to a whopping $2.5 billion by the year 2015.
So, which regions are contributing the most to that pot? Here are the top ten gambling nations in the world as of January 2014.
September 30, 2014
The transition from an analog to digital production of random events is a complex affair. Digital gambling platforms stage chance or random events using algorithms called Random Number Generators (RNG). These algorithms are an essential part of the software that guarantees games are fair for all participants. In online poker, for example, attention is focused on the randomness of the shuffle. In online slots software produces an aleatory alignment of the reels. It is important for online casinos to be transparent about the software they use, as the online gambling industry is highly reliant on gamblers’ trust. One way of gaining that trust is getting industry certifications that guarantee fairness. Online gambler networks are also key in building an online casino’s reputation, with websites such as Casino Scam Report offering user reviews based on experience and trust. Poker bots (software that takes the place of players) are unfortunately common in online poker, and user networks work hard to identify them. There are literally thousands of online casinos, so here are three software-related things that you have to keep in mind when choosing where to play.
September 26, 2014
Social casino apps are games. These games, such as Hit It Reach slots and the WSOP Facebook app, simulate gambling, but players have no opportunity to win real money. They are part of what Gerard Goggin and I have termed ‘Mobile Social Gambling’ a new form of gambling media that combines gambling, social networking and social gaming, while also taking advantage of the affordability of mobile media devices, networks, applications, and touchscreens. In social casino apps you can communicate with and compete against your social network contacts. Social casino apps are played either on stand-alone apps for iOS or Android, or social networking sites like Facebook.
September 16, 2014
The six of spades on the river gave you a full house that won the $50,000 first place payout in an online poker tournament. That $10,000 bet you placed on one hand of blackjack ended up being split four times, with two of the hands being doubled down. The dealer busts and there you sit with $60,000 on your account. Now the question becomes how much of your new-found fortune is actually yours?
The way your winnings are handled is determined by you…and the gaming laws of your jurisdiction.