Online gambling scenario is somewhat different in the US as compared to the other parts of the world. The main reason for this is the opposition of US government against online gambling. Many online casino sites as a result, do not accept players from the US but in case they do, they offer a limited amount of banking options to them.
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UIGEA rules prevent financial institutions from processing payments to online casinos. The rules might not have yet got fully effective, but several credit card companies are blocking online gambling transactions for the US citizens. Amex credit cards were being heavily used for online gambling as it did not had rejection problems but such cards are lately being rejected too. As a result of this, alternative payment methods such as electronic wallets or e-currencies are getting famous amongst the US players. Electronic wallets such as UseMyWallet functions in America and are providing good service. Players who can wait a while for receiving their payouts prefer getting their funds through paper checks or wire transfer.
Even though the UIGEA rules have become active in the US from June 1, 2010, the Department of Justice (DoJ) is still prosecuting individuals and organizations engaged in processing funds for online gambling under existing laws. Several such organizations were found processing payments for online casinos and forwarding the payments to the players in 2009. The funds of such organizations were seized by DoJ and criminal prosecutions initiated against the processors.
There is another group of people, who are working to get online gambling legalized and regulated in the US. Spearheading the movement is the anti-UIGEA bill sponsored by Representative Barney Frank. The bill is expected to be voted by the House Committee very soon.
A Popular Online Casino Promotion
Online casino promotions are given away to attract players to their casino. However, this should be done in a manner which makes the players to keep visiting their casino on a regular basis. Over the past few years, several online casino promotion structures have been developed. The promotion structure aims to be simple to understand, can sustain for a month and more and to help keep most of the players to stay active on a casino site.
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One such promotion system awards its players with points for amounts deposited and wagered by players. Different online casinos have different systems of awarding the points and also different terms that are used for points. These days, some of the online casinos have started deducting points for withdrawal of funds, which is a disincentive to the player. This means that the player should not withdraw his winnings or be tempted to wager his winnings.
The ultimate aim of a player is to earn more points then others to end up at the top of the leader board. The player’s journey through this promotion system is divided into stages. To move from one stage to another, a player is required to accumulate some fixed amount of point. All players start off from the same points and the player with the highest amount of points at the end wins it. The promotion displays how many players are at which stage and this adds excitement and acts as an incentive. The player can regularly track their position as well as other players position on the leader board and therefore know how far they have to go, in order to have a chance of winning it.
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One such promotion system awards its players with points for amounts deposited and wagered by players. Different online casinos have different systems of awarding the points and also different terms that are used for points. These days, some of the online casinos have started deducting points for withdrawal of funds, which is a disincentive to the player. This means that the player should not withdraw his winnings or be tempted to wager his winnings.
The ultimate aim of a player is to earn more points then others to end up at the top of the leader board. The player’s journey through this promotion system is divided into stages. To move from one stage to another, a player is required to accumulate some fixed amount of point. All players start off from the same points and the player with the highest amount of points at the end wins it. The promotion displays how many players are at which stage and this adds excitement and acts as an incentive. The player can regularly track their position as well as other players position on the leader board and therefore know how far they have to go, in order to have a chance of winning it.
Replenishing Free Money at Online Casinos
Most of the new members start off their online gambling trial through free money. This is the most popular and one of the best ways to getting used to the casino environment and also helps a player practice managing bankrolls.
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Almost all of the download casino sites have the same procedure for opening and operating a free play account. A player has to indicate during the time of registration that they would be wagering with free money. Once the procedure has completed, the player is given an account with an initial trial balance that varies from casino to casino. This account has everything similar to that of Real money account; however the only difference is that the free money can not be withdrawn. When a player places a bet using the free money, their account balance is appropriately reduced and when the players win a bet the balance gets appropriately increased. When a player switches between casino games, his last balance is carried forward. The free money account is not deleted when a player logs out of the casino and he can at any time revisit the casino and start off playing with their existing balance of free money.
It is usually advised that the players who are getting started at online casinos and wagering for free money should treat their account, as if they are operating with their own funds. You should rather try to exercise the same discipline as if you are playing with real money. While playing, you might come across situations where you might not have adequate balance to cover the bet being placed. In such situations, the player might need to replenish their account.
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Almost all of the download casino sites have the same procedure for opening and operating a free play account. A player has to indicate during the time of registration that they would be wagering with free money. Once the procedure has completed, the player is given an account with an initial trial balance that varies from casino to casino. This account has everything similar to that of Real money account; however the only difference is that the free money can not be withdrawn. When a player places a bet using the free money, their account balance is appropriately reduced and when the players win a bet the balance gets appropriately increased. When a player switches between casino games, his last balance is carried forward. The free money account is not deleted when a player logs out of the casino and he can at any time revisit the casino and start off playing with their existing balance of free money.
It is usually advised that the players who are getting started at online casinos and wagering for free money should treat their account, as if they are operating with their own funds. You should rather try to exercise the same discipline as if you are playing with real money. While playing, you might come across situations where you might not have adequate balance to cover the bet being placed. In such situations, the player might need to replenish their account.
How Online Casinos Limit Payouts
Online casinos usually tend to limit the maximum amount of payment a player can withdraw from various casino games. This is usually done in two ways. The first limitation is because of limiting the total amount that can be wagered. In this way, payout ratios are fixed, hence the maximum payout is automatically fixed. The second way to limit the payout is by placing a direct payout limitation.
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The main reason why online casinos limit the maximum payout is because of the fact that they want to avoid any such situation in which they have to face unlimited liability. Suppose a player tries to wager on a very large amount of money and somehow wins the game, in such situations the online casino may have to make a payout that they have not provided for and this can ruin their financial planning. Another reason why the online casinos restrict the maximum payout is because they do not want their players to gamble beyond their loosing budget. Such limits are clearly mentioned on the casinos website and are different for different online casino games.
Some of the online casino games offer very high payouts and also directly limit the maximum payout. Casino games such as Keno fall in this category and should be tackled by players by being most careful. A variant of keno offers a payout of 100,000 for hitting all 15 numbers. The payout amount of a coin size $10 is $1,000,000. However, there is a maximum limit of a total payout of $250,000. Hence, if a player somehow becomes successful in hitting all the 15 numbers, he will only be liable to receive $250,000 and not $1,000,000. These issues usually arise when an online casino has placed a payout limit on their casino and should be thoroughly understood and resolved.
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The main reason why online casinos limit the maximum payout is because of the fact that they want to avoid any such situation in which they have to face unlimited liability. Suppose a player tries to wager on a very large amount of money and somehow wins the game, in such situations the online casino may have to make a payout that they have not provided for and this can ruin their financial planning. Another reason why the online casinos restrict the maximum payout is because they do not want their players to gamble beyond their loosing budget. Such limits are clearly mentioned on the casinos website and are different for different online casino games.
Some of the online casino games offer very high payouts and also directly limit the maximum payout. Casino games such as Keno fall in this category and should be tackled by players by being most careful. A variant of keno offers a payout of 100,000 for hitting all 15 numbers. The payout amount of a coin size $10 is $1,000,000. However, there is a maximum limit of a total payout of $250,000. Hence, if a player somehow becomes successful in hitting all the 15 numbers, he will only be liable to receive $250,000 and not $1,000,000. These issues usually arise when an online casino has placed a payout limit on their casino and should be thoroughly understood and resolved.
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