Economics has changed to online technologies. And online technologies make trading cost-effective and hassle free. The demand for online business did not disqualify online gaming and betting.
There are many reasons why online casinos are very popular. Gamers can bet and play at the comforts of their home which understand today’s fast lifestyl toto slot4d e. Online casinos also allow a large number of players at one time, therefore eliminating standing time that normally happens on real casinos when tables are full.
Call it a hobby or entertainment but games for cash gave birth to turn-key casinos. A Turn-key casino or white label casino as it is more commonly known is an application for setting up a casino online.
Any businessman knows that the potential for big bucks lay on the number of customers a business has. In other words, the more customers you cater to, the bigger your profit is. That is why it is also considerable that a business owner chooses to put up a chain of online casinos with independent affiliates than to own a single one. This is not rocket science.
But, why would you consider owning a dozen, or even a hundred casinos? Simple – Because this is where the real money is. Think of your fundamental casino as your command center. You don’t have to make the most money in order for your affiliates to operate. All the smaller casinos connected to the command center, which is you make the most money and you earn a certain percentage from each of branch.
Considering costs, it is less expensive to set up an casino online rather than to put up a real one. An online casino also doesn’t require as much manpower as a real one. And most importantly, it only takes a few minutes to set up an online casino. But that is not all, the possibilities are actually endless.
A cheesy yet not so inappropriate term, Casino Whoring, is used to refer to a ‘technique’ of usurping free bonus offered by online casinos. The theory is that using a ‘scientific’ – some arithmetic and probability calculations, it is possible to identify a casino bonus that will provide an assured profit of a certain approximate amount.
Using this theory, the practitioners will play an online casino offering a promising bonus, get a profit of an amount approximate to the calculated value, and then move on to another casino offering the same kind of promise without incurring any loss in the process. They will play one casino till they are satisfied that possible profit had been squeeze out, then hop onto another casino repeating the process there and then another one and so on. Hence the term.
Although there are many kinds of casino bonuses, the target for Casino Whoring activity is mainly the Deposit Bonuses – First Deposit, second deposit etc. for new players. This type of bonus is given to first time members for joining the sites. It usually comes in the form of a certain percentage of the amount of the deposits up to a certain limit. Eg. 200% of first deposit up to $200.
Deposit Bonuses comes with a requirement called Wagering Requirements (WR). This requirement restricts withdrawal of the winnings from the bonus till a certain times of the bonus amount is wagered or played through. For example: WR of 20xB means that a gross total bet of at least 20 times the bonus amount must be wagered. In this example if the bonus given is $200, then the WR will be $4,000.
The most important factor in assessing the winning probability of a casino game is the ‘payout percentages’. These are the odds that the machines(gambling software in case of online casinos) give out in a complete play cycle. Say the payout percentage for slots is 96.5%, that means that for that particular game, a total of 96.5% of all bets will be re-won, while the casino will keep 3.5% in a cycle. Payout percentages differ according to the online casino, the gaming software used, and also the particular kind of game.
The odds of winning in online casinos are greatly affected by the choice of games. Generally, payout percentage of table games like blackjack, roulette, poker etc. are better than slots. Therefore the first thing that a Casino Whoring pundit will look for is whether the better odds games are permitted by the terms for the bonus. Although many small and medium size online casinos do not permit bonus play on games other than slots, some of the bigger ones do.