The 10 Golden Rules of Successful Betting Cash Master

5 Strategies in Quant Trading Algorithms

Hey everyone, I am a former Wall Street trader and quant researcher. When I was preparing for my own interviews, I have noticed the lack of accurate information and so I will be providing my own perspectives. One common pattern I see is people building their own algorithm by blindly fitting statistical methods such as moving averages onto data.
I have published this elsewhere, but have copy pasted it entirely below for you to read to keep it in the spirit of the sub rules. Edit: Removed link.

What it was like trading on Wall Street

Right out of college, I began my trading career at an electronic hedge fund on Wall Street. Several friends pitched trading to me as being a more disciplined version of wallstreetbets that actually made money. After flopping several initial interviews, I was fortunate to land a job at a top-tier firm of the likes of Jane Street, SIG, Optiver and IMC.
On my first day, I was instantly hooked.
My primary role there was to be a market maker. To explain this, imagine that you are a merchant. Suppose you wanted to purchase a commodity such as an apple. You would need to locate an apple seller and agree on a fair price. Market makers are the middle-men that cuts out this interaction by being always willing to buy or sell at a given price.
In finance lingo, this is called providing liquidity to financial exchanges. At any given moment, you should be confident to liquidate your position for cash. To give a sense of scale, tens of trillions in dollars are processed through these firms every year.
My time trading has been one of the most transformative periods of my life. It not only taught me a lot of technical knowledge, but it also moulded me to be a self-starter, independent thinker, and hard worker. I strongly recommend anyone that loves problem solving to give trading a shot. You do not need a mathematics or finance background to get in.
The trading culture is analogous to professional sports. It is a zero sum game where there is a clear defined winner and loser — you either make or lose money. This means that both your compensation and job security is highly dependent on your performance. For those that are curious, the rough distribution of a trader’s compensation based on performance is a tenth of the annual NBA salary.
There is a mystique about trading in popular media due to the abstraction of complicated quantitative models. I will shed light on some of the fundamental principles rooted in all trading strategies, and how they might apply to you.

Arbitrage

One way traders make money is through an arbitrage or a risk free trade. Suppose you could buy an apple from Sam for $1, and then sell an apple to Megan at $3. A rational person would orchestrate both legs of these trades to gain $2 risk free.
Arbitrages are not only found in financial markets. The popular e-commerce strategy of drop-shipping is a form of arbitrage. Suppose you find a tripod selling on AliExpress at $10. You could list the same tripod on Amazon for $20. If someone buys from you, then you could simply purchase the tripod off AliExpress and take home a neat $10 profit.
The same could be applied to garage sales. If you find a baseball card for $2 that has a last sold price on EBay for $100, you have the potential to make $98. Of course this is not a perfect arbitrage as you face the risk of finding a buyer, but the upside makes this worthwhile.

Positive expected value bets

Another way traders make money is similar to the way a casino stacks the odds in their favour. Imagine you flip a fair coin. If it lands on heads you win $3, and if it lands on tails you lose $1. If you flip the coin only once, you may be unlucky and lose the dollar. However in the long run, you are expected to make a positive profit of $1 per coin flip. This is referred to as a positive expected value bet. Over the span of millions of transactions, you are almost guaranteed to make a profit.
This exact principle is why you should never gamble in casino games such as roulette. These games are all negative expected value bets, which guarantees you to lose money over the long run. Of course there are exceptions to this, such as poker or card counting in black jack.
The next time you walk into a casino, make a mental note to observe the ways it is designed to keep you there for as long as possible. Note the lack of windows and the maze like configurations. Even the free drinks and the cheap accommodation are all a farce to keep you there.

Relative Pricing

Relative pricing is a great strategy to use when there are two products that have clear causal relationships. Let us consider an apple and a carton of apple juice. Suppose there have a causal relationship where the carton is always $9 more expensive than the apple. The apple and the carton is currently trading at $1 and $10 respectively.
If the price of the apple goes up to $2, the price is not immediately reflected on the carton. There will always be a time lag. It is also important to note that there is no way we can determine if the apple is trading at fair value or if its overpriced. So how do we take advantage of this situation?
If we buy the carton for $10 and sell the apple for $2, we have essentially bought the ‘spread’ for $8. The spread is fairly valued at $9 due to the causal relationship, meaning we have made $1. The reason high frequency trading firms focus so much on latency in the nanoseconds is to be the first to scoop up these relative mispricing.
This is the backbone for delta one strategies. Common pairs that are traded against each other includes ETFs and their inverse counterpart, a particular stock against an ETF that contains the stock, or synthetic option structures.

Correlations

Correlations are mutual connections between two things. When they trend in the same direction they are said to have a positive correlation, and the vice versa is true for negative correlations. A popular example of positive correlation is the number of shark attacks with the number of ice-cream sales. It is important to note that shark attacks do not cause ice-cream sales.
Often times there are no intuitive reason for certain correlations, but they still work. The legendary Renaissance Technologies sifted through petabytes of historical data to find profitable signals. For instance, good morning weather in a city tended to predict an upward movement in its stock exchange. One could theoretically buy stock on the opening and sell at noon to make a profit.
One important piece of advice is to disregard any retail trader selling a course to you, claiming that they have a system. These are all scams. At best, these are bottom of the mill signals that are hardly profitable after transaction costs. It is also unlikely that you have the system latency, trading experience or research capabilities to do this on your own. It is possible, but very difficult.

Mean reversions

Another common strategy traders rely on is mean reversion trends. In the options world the primary focus is purchasing volatility when it is cheap compared to historical values, and vice versa. Buying options is essentially synonymous with buying volatility. Of course, it is not as simple as this so don’t go punting your savings on Robinhood using this strategy.
For most people, the most applicable mean reversion trend is interest rates. These tend to fluctuate up and down depending on if the central banks want to stimulate saving or spending. As global interest rates are next to zero or negative, it may be a good idea to lock in this low rate for your mortgages. Again, consult with a financial advisor before you do anything.
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My CSGO gambling addiction story. (Lost +50 000 dollars in a span of 5 years, got kicked out of my home and more)

I'm posting this story so people won't hopefully make same mistakes i did. I'm telling my story how i lost +$50 000 in a span of 5 years to CSGO gambling casinos and how in the progress i ruined myself completely. This post will be long but keep in mind that it keeps 5 years of my life inside of it.
Before we go any further in this post, i want to dress one thing up: CSGO is a videogame and the game has different "paintings" for all the guns in the game you can buy. Every skin has some form of value tied on it and you can deposit this skins to csgo gambling sites to play on there. The skin prices can vary from + 0.01 up to +$10000 and more. The casinos are pretty much same as normal digital casinos but the deposit/withdraw method is just different.
Wanted to clear this out of the way so people won't be confused in case you have never heard about CSGO gambling. Now let's get in to the story.
After i turned 18, i started playing CSGO here and there. One day one of my friend hopped online to play with me and he was really hyped since he had just won +$500 in skins from one of the csgo gambling sites. After we played some time i asked him more about the site where he gambled and at night, i logged in. Deposited $10 skin and started to test out the site. Somehow with "beginners luck" i managed to get up to $200 playing roulette and got some skins to myself. I felt like i was in top of the world after winning first time ever on gambling in general.
After my first win I started to visit the same site here and there trying to repeat actions of my first session: deposit 5 -10 dollar items and try to get out something more expensive. At that point the gambling was just all for fun like it's supposed to be. I really didn't care if i lost 10 dollar item if i had good time in the session. I played this way for around a year until i just for some stupid reason decided to start upping a bit my deposits so i could do a bit bigger bets to bring more excitement to the gambling sessions.
With that being said, my casual deposits started to be around 25 dollars from that point every time i decided to go try my luck. I started doing bigger bets and sometimes i won but more often i just lost my deposits in a matter of minutes. After loosing, i just continued to watch other people betting on roulette thinking what i would have bet on now if i still had balance left. It sounds stupid i know, but sometimes it is just fun to watch other people betting.
As the time went on, i found myself gambling more and more often than what i was used to in the past. It all started trying my luck out once in a week, but now it was a daily thing. I started usually my mornings by first depositing to the gambling site before even making a coffee or anything just so i could go straight in action right after my morning coffee/cigarette. I started to spend all my time in gambling sites instead of doing anything else. If i won big, i withdrew and just continued to chat with other bettors and watch other people betting and if i lost my money, i just did the same thing. I guess the reason was because i had nothing else to do. At the time i was still in school, but after that i usually just went back home to wait next day to arrive. All my IRL friends had moved on from videogames and i really didn't have anyone to hang out with after school since i had to move other town to study. I guess the loneliness/boredom was a big factor why i started doing this.
At one night i was drunk and got an idea to try out my luck once again since the gambling site i mainly used had opened straight card deposits. This time i decided to do a "big" deposit so i could have some fun while i was drinking. I deposited 100 dollars and tought this deposit would last long.
I lost it instantly by accidentally pressing "max" button instead of "2x" button that would have put my 1 dollar bet to 2 dollars for that round. 100 dollars on green and "pufff" it was gone. The session lasted like 15 seconds. I was furious about it so i did first time the worst thing you can do which is the good old RE-Deposit.
I re-deposited 200 dollars this time thinking that i could maybe get my 100 dollars back that i accidentally maxed on green. As you may guess, it really wasn't my night and i just somehow lost all the sense of the amounts i was betting. Also since i had redeposited once, it wasn't a problem anymore to do it agen. I kept rage betting trough out the night, until my bank card started to decline the transactions. I didn't think about this too much, i just tought there was some problems in the bank's end and went to sleep.
At the morning i woke up on hangover and then i remembered things getting wild last night. I tought i lost maybe like 400-600 dollars but well things was a bit worse.
I went to check my bank account and i had lost 2500 dollars in earlier night. Keep in mind, i was used to deposit MAX 25 dollars in a day before that. First time ever i felt like i just wanted to throw up and i felt embarrassed for depositing that much. Some people would call it "gamblers guilt".
I decided to try take a break from gambling but i found that it was actually lot harder to do than what i thought since i had gotten used to spend all my time on gambling sites betting or watching other people bet. My break lasted 3 days until i was back at betting. This time things were different.
Before my massive loss i never re-deposited if i lost my money. I always tought it would just not be worth it. My allowance had been 25 dollars for a day really long time but now that line started to fade since i had already "broke that rule". Now i kept putting 25 dollar deposits in and if i lost my money, i would just re-deposit so i can keep gambling. 25 dollars may not be much, but when you deposit that amount x15 times in a day in the spirit of "re-deposit" it really starts to burn a hole in your pocket. At some point i got tired of redepositing again and again so i started to deposit more at once. This is where the tilt betting and "chasing your losses" became kinda new normal if the session was really bad. I lost sense value of money every time i logged in to casino try my luck.
The way i funded my gambling addiction was "savings" account. Just before i moved to new town to study, one of my relative family members i never really got to know passed away and portion of her fortune was given to me, which was ruffly around 35000 dollars. Before i gambled, i never really used this money to anything. It just was there in case if "everything else fails". This money was supposed to be my lifeline trough out the studying time (3 years) so i could focus mainly on school without any worries about income. To top that off, my government actually paid my rent since i was studying, so that 35k pretty much just was there and also getting the education here is free so there were no payments towards it. As you may already guess, i used that account only to feed my gambling habits and that way i was able to deposit hefty amounts if i decided to go that route.
Since i had pretty much no limits anymore, things started to get heated as the time went on. This was last year in the school so i could get my degree and shit really hit the fan. The amounts i started to gamble was way out of my understanding. Usually that normal 50-100 dollar depo would be at the end of the night around +500 or more dollars since i kept redepositing all the time if i was out of balance. I kept doing this every day with some wins and some losses until common thing called losing streak hit me big time. I started losing more and more every single day with no moments on getting profit. Everyday there was fuck ton of redeposits with no withdraws back. I didn't keep any count anymore and as you may guess, the savings account was just fading away faster and faster every single day until short after my graduation the day finally came: i was broke.
After i checked all my bank statements, the truth was revealed: In the span of 3 years, i was negative profit of around 30 000 dollars. Not to even mention that on my first year of school i only did max 10 dollar deposits so most of that had been racked up in 2 years. 5000 from 35000 was used to car repairs and other necessary bills, rest was gambled away.
After i went fully broke, my government started to give me assistance payments witch was around 1100 dollars in a month. This money was supposed to go on rent and other bills, but as you may guess i started using this money to gamble. After i lost heavy portion of the money, i was usually able to just pay a fraction of bills away that i had on my table for each month. This caused me to later on completely lose my credit score. I also remember getting my electricity get taken off 4-5 times since i wasnt able to pay the bill. Also after all i lost my apartment since i wasn't able to pay my rent because my addiction had taken over really bad and i gambled away everything i got. I was forced to move out and i moved in to my family member house. Luckily he had been asking me for years to be his "roommate" so i didn't have to reveal to him that i actually lost my home.
Shortly after moving to my family member, i got my first job and i tought this would be the moment where i will focus on fixing my life up: pay all my debts away and get my credit score back, Save some money and start again. It was nice plan but it didn't really go well. The more i got from the job, the more i deposited away and i was back to my old habits, even after losing my home +30 000 in 2years.
I remember one specific moment from the time i was at my old job: i got +1200 dollars from past 2 weeks of working at 3:00am in to my bank account. When i left my house at 7:30am to go the job, i didn't have enough money to put gas in my tank ( 5 dollars) so i had to walk 6 miles in a full blown rain to my job. i paid rent 400 dollars, rest was gambled away before my shift for the "salary day " even started. It really made me wonder while i was walking there that why im doing this. Im literally throwing everything i get handed over away and it really was the moment where i realised i have to look in the mirror. It's not normal to blow your whole salary away at the same morning you get it before you even head out to work.
After that moment, i started trying to take breaks from gambling more ofter. There were times where i went 5-7 days without it and then i came back to do that all over again but my losses were now way smaller than what they used to be. I lost only 200-400 dollars each month with some profit months, witch was huge milestone to me. Now i actually had usually some money left on my account until new salary day arrived. Ofcourse losing that much in a month is still alot but to compare it to my old habits, i take it more than happily.
With all this being said, you may now think how im doing right now and how do i feel after losing my home | credit score and + 50 000dollars in 5 years?
If im being fully honest, i have mixed feelings about it. Ofcourse it's sad to think how i much i fucked up but at the same time i'm kind of happy that this all happened. The reason why im happy is because i can take this all as a lesson. I maybe lost everything i had and ruined myself in the process but at the same time, im only 24 years old now. I can still build it all back and one day i can look back in this era and laugh about how fucking stupid i was when i was younger.
On the other hand, the thing im most sad about is when i meet my friends and see how good they are doing. Don't get me wrong, im more than happy to see my friends doing good but it really makes you guestion how i would i be doing now if i never entered to csgo gambling casino? Almost all my friends have good jobs, own homes they are paying mortage for so they can one day own it, nice cars and beatiful girlfriends/ wives and some people even have kids and familys. And when i watch back to past 5 years, i literally had all that right from the start in my hands and i just threw it all away. When they were building it all for themselfs, i was in the meantime watching my PC screen and throwing it all away. Kinda ironic when you think about.
Also what i hate is the way how i treated some people when i was at worst of my gambling era. I lost some friends in the process since i never showed up anywhere when they asked me to join them to do something in weekends and also i lost a girl i really cared about since i was too busy on placing bets on digital casino. To sum it all up, i really dont care about the money i lost, I mostly hate how i chanced as a person and how i didn't really give a fuck about anyone around me when i was too focused on nonstop betting. One day i will have enough guts to ask to meet up with this girl and explain why i was the way i was when we had our thing going on. Gambling addiction is really hard thing to explain to someone who has never went it trough themselfs/ seen someone close to them to go trough with it, but i'll try my best to reveal him everything that i have told here now publically. She may just tell me to fuck off but atleast i can be happy when i know that finally she knows the truth of everything i was hiding when we had our thing going on.
Other than that im doing kind of fine. I moved out from my family member house to own home awhile ago. I fucked up yesterday again, i gambled 250 dollars away in a span of couple hours but i left it on there. Instead of putting more money in, i decided that this week i will call my bank provider and take away online payments in general from my bank card. This way i can still use the card in stores and so on but i can't pay anything online. If i have any payments i have to get done via online, ill just go to ATM and take the amount in cash, then give it to my older brother and he will pay it from his account.
I know this may sound really extreme way to solve all this, but this way im literally banning myself from every fucking digital casino there is. It is clear to me that im a problem gambler and i really can't control myself if i face a losing streak. It just too hard to accept it and walk away and ill keep going until i hit rock bottom witch really isn't good escpecially since i lost my job due to COVID and i still have around 10 000 dollars in debts gathered to myself when i was too busy gambling everything i had away. One day im able to pay it all back and get my credit score back but right now, i just need to accept how things are going and move with what i have witch really isn't much.
With all this being said, i really hope this story of life from past 5 years can make some kind of impact to you. If you find yourself casually betting more away than what you first tought you would play/ betting more than you can REALLY afford, please seek some help from friends, family members around you. Don't ruin everything you have same way as i did because let me fucking tell you, it really isn't worth it.
Thanks for reading.
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Online poker betting is a big feature of online gaming and Bodog offers a medium-sized poker room for fans of the game. While you can only play up to 15 tables simultaneously, that fits in with the ethos of the casino and its dedication to recreational players. When it comes to poker, Bodog also offers anonymous tables where no one know the others' online handle and everyone is given a number. In this way, the odds are evened out. This might not seem appealing to pro players but recreational players will find it a refreshing breath of air compared to other poker rooms. There is also a number of poker tournaments organized by Bodog poker room over the span of each year, which are a good place for more experienced players.
The thing about playing poker on Bodog is that if you do it from your computer, you have to download the Bodog app. That does have its advantages, as having the Bodog app allows you to also access the whole range of Bodog casino games, so once downloaded, you can play both poker, and everything else, straight from your computer. Signing up for Bodog's poker room can also make you eligible for a bonus of up to C$1,000, so it is a good place to start if you are a new player just getting into poker.

Bodog Sports review

Bodog sports betting is one of the best sites to go to if you are into betting on sports and you live in Canada. Football, basketball, hockey are all to be expected in a sportsbook but Bodog also offers political bets, and even wagers on topics connected to Entertainment. For example, you can bet on who will win Big Brother Brazil or who will be the next Game of Thrones character to die in the series! This makes Bodog the right side for betting if you are looking for something less ordinary.

Bodog Mobile review

To play on Bodog from your mobile device, all you have to do is open up your browser and sign up for a Bodog online casino account. Since the latest overhaul of the website there is no software to download for mobile use, which is great news for Apple devices! This also makes the casino lighter and easier to use than many of its competitors. Basically, any mobile device capable of running html5 can be used to place bets on Bodog. So if you have an iPhone or an Android you will be able to access your Bodog account and play online poker or place bets on horse racing. If you prefer your iPad or your Toshiba tablet, you will do just fine with the Bodog mobile site.
What if you don't own the latest iPhone or a Samsung Galaxy, or a Huawei P9? What if you are a Blackberry fan? Fear not, Bodog caters for you, too, with a mobile-optimized page that will open just right on your device screen! So even from your Blackberry, you can still partake in Bodog's mobile poker.
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Banking options:

Bodog does not offer a wide range of accepted banking methods, but it accepts some of the most popular ones, which makes up for the lack of variety. You can always use your Visa or Mastercard for deposits, even if they are anonymous prepaid cards. Another major payment method for Bodog online casino is the instant e-check and still another the Interac e-transfer, which allows you to use your online banking services to deposit.
The top withdrawal method for Bodog is actually via check. Bodog issues up to one fee-free check a month for up to C$3,000. Recently, the casino also introduced Bitcoin and now they even offer a tutorial describing how to create an account and use Bitcoin for betting. This can be a good method if you prefer to remain anonymous.

Security and fair play

To begin with, Bodog is regulated in Antigua, one of the world's top gaming regulators. Your information is heavily encrypted by 128 bit SSL, and you can even play anonymously at the poker tables - a feature that is not present in any other large casinos.
In terms of fairness, Bodog applies the latest randomizing technology which ensures that the games are completely random and unpredictable and you have the same shot at winning as anyone else. In addition, the casino does not make money from your losses but by raking the pot, so it is to everyone's advantage for you to keep winning!
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Promotions and customer support

Welcome bonus

Signing up to Bodog can earn you up to C$1,800 in bonuses if you follow the rules carefully. This is not a casino that will let you take home hundreds of thousands of dollars in winnings but it encourages its players to partake in all its different betting activities. To get the total of C$1,800 you need to bet at the bookmaking side of the website, the poker tables, and the slots, but even if you don't you will still get some bonuses for every part of the website you partake in. For example, signing up for the Bodog online casino can get you up to C$600 if you follow the conditions!

Loyalty program

Bodog has two separate loyalty programs. One is a point system directly linked to the amount of cash you bet on slots, casino games or blackjack. For example, for every C$10 you bet on slots, you get 2 points. And every 100 points give you a dollar in cash that you can then bet again.
The second program is the 94 Club, which is the VIP club for loyal members. It offers you extra rewards, bonuses, promotions and even events to exotic locations for being a member. You can get weekly bonuses and various giveaways as a member of the club.
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Progressive jackpots

As mentioned, this is not a casino for pros, so the highest jackpots currently up for grabs in the slots section do not surpass 10K. Most of the jackpots won recently are below 50K, so this is not a place to go if you like the thrill of fighting for millions. However, as the website's Big Winners section shows, there are big winners in Bodog every day, so the odds of winning are larger than usual.

Customer support

Bodog online casino offers 24/7 customer care support in both email and phone format. The site is in English, Portuguese and Spanish and there are also multiple detailed tutorials that can guide you through standard processes, game rules and even online casino etiquette. So whatever you need, you will definitely find it somewhere through the site or the helpful customer support staff.

Bodog review in 2020: Conclusion

The Bodog website is a big place which offers a number of different types of gambling. It uses two types of game software, which makes its games more interesting and diverse, and it has strong customer support all around the clock. It accepts a sufficient number of payment methods, including Bitcoin, which is gaining popularity rapidly and offers some strong welcome bonuses to start you off.
It is only open to Canadian players, works in Canadian dollars, and it does not accept professional players but that means that if you are a Canadian beginner or a recreational player, this casino is made especially for you. And whether you are into horse betting, sports betting, casino or poker, Bodog will offer you the best service and betting options on the market.
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submitted by freespinsgaming to u/freespinsgaming [link] [comments]

I Won a 15,000$ jackpot, Then the Casino banned me.

I want to give a warning to anyone thinking of gambling online.
A few months ago I deposited 200$ onto an online gambling site for the hell of it. it was extremely reputable, had 1,000s of reviews and was the first search result on Google.
I played some game called “Book of the dead” and on my 3rd or 4th spin I won 2,000$ with 5 explorer guys popping up in a row.
I decided to play roulette and this monopoly live game. I won something like a 125x on a 100$ bet on the monopoly game.
My balance was over 15,000$. I figured I’ll go get some hookers and blow with this cheddar I stacked up....or on second thought I’ll pay off my student loan debt :)
I sent in my cash out request to my bank. only to get an email 1 hour later saying that I didn’t follow some 100$ max bet rule so all of my winnings are confiscated and my account will suspended.
I find it fascinating that they will let me bet 200$, lose and not bat an eye. But if I bet 200$ and win, it’s a problem.
Anyways take it from me, It’s all a giant scam. If you win anything remotely large, they will take your winnings.
And why wouldn’t they? The companies are located in Greece and other foreign countries so if you wanted to sue them, you better get a million dollar loan as the lawyer fees your about to incur are going to be in the millions.
Proof: https://imgur.com/a/Y6dkyqw
submitted by Hmurie to onlinegambling [link] [comments]

VIPs Casino 500 gratis spins and €200 free bonus code

VIPs Casino 500 gratis spins and €200 free bonus code

VIPs Casino Review & Free Bonuses
Sign up at VIPs Casino and get 500 gratis spins! On top of that, get a 100% up to €200 free bonus! That's not all! Every active player at VIPs Casino also benefits from a 20% cashback bonus and daily tournaments. Click on the promo link to claim your 500 free spins on the Book of Dead slot!
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Intro

VIPs Casino took its first steps in 2019 with the idea of providing online gamblers a fast and simple way to enjoy their favorite online casino games. Starting with just over 800 online casino games is a good move, considering every game category is available including live casino games, powered by amazing gaming studios.
You will need something to motivate you to join the platform and that comes in the form of a welcome bonus that features 500 free spins. A few other promotions including cashbacks follow it up. The site is mobile-friendly, so you can take VIPs wherever you go. Other than that, GoodLuckMate explores other aspects of this casino to give you a 360-degree look so you can make an informed decision.
What to expect at VIPs Casino:
  • Over 800 casino games
  • 500 free spins in the welcome offer
  • Games from top-tier software providers
  • Excellent customer support
  • Live dealer casino available
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Casino & Live Casino

Enjoy the over 800 casino games offered in VIPs lobby ranging from famous slot games, global progressives, table and card games. Not forgetting live dealer casino games if you prefer the authentic casino experience.

Slots and table games

Over 730 slot games await you in the slots section if you love luck-based games. Of these slots, you will find retro-games with three reels that will take you back in time when slot games kicked off. More advanced video slots are available if you prefer exciting themes, multiple pay structures, reels, and bonus features among others. The providers here are a mix of veterans in the industry as well as upcoming studios. Look out for titles from Play’n GO, Red Tiger Gaming, Lightning Box, Microgaming, NetEnt, Ainsworth, Inspired Gaming, Stormcraft Studios, etc. The elaborate search function allows you to filter games by the provider, type of slot, and suggestions as well.
Table and card games also feature in the lobby with slightly under 140 titles available. The titles skirt around 4 major games – blackjack, roulette, baccarat, and video poker. Here, you will find single and multi-hand games with bets starting from as low as €0.01.

Jackpots at VIPs Casino

VIPs Casino offers you a chance to bag big wins in its jackpot section. In total, you can expect to find over 50 jackpot slots here from multiple software providers. You won’t find most of the popular global progressives but on the flip side, you get to try out new titles from different gaming studios. iSoftBet, NetEnt, Pragmatic Play, Oryx, and Play’n GO are some of the renowned software providers powering this section. Some of the popular titles include Leprechaun Goes to Hell, Lara Croft Temples, and Tombs, Wish Upon a Jackpot, Divine Fortune, and Aztec Gold MegaWays.

Live Casino games

Play to your satisfaction in the live casino section where you have a chance to show off your skills against professional croupiers and other online players. Evolution Gaming is the sole game provider in this section and that means outstanding quality. The casino classifies the games in 4 categories – baccarat, blackjack, game shows, and roulette. Of course, each game comes with several variants and that means different challenges.
Each game comes with a professional dealer and bets start from as low as €0.01. Live streaming is available in HD as well as a real-time chat functionality that allows you to interact with other online players as well as with the dealer.
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VIPs Casino Welcome Offer

VIPs Casino wants to welcome you to its lobby like the VIP you are. The operator offers a comprehensive welcome package comprising a cash bonus and free spins. To show its appreciation to you for joining the platform, you stand to receive a 100% match bonus up to €200. It doesn’t stop there! For slot lovers, the casino offers up to 500 free spins to use on the Book of Dead slot game. However, you won’t receive the free spins at once.
On the first day, standby for a 100% match bonus up to €200 plus 100 free spins on Book of Dead. Login on the second day and you will receive another 100 free spins to use on Book of Dead. This will continue for the next three days until you deplete your entire welcome bonus package.

Bonus terms and wagering requirements

As is the case when it comes to bonuses and promotions, the welcome bonus package in VIPs Casino comes with several terms you must satisfy. For starters, you must deposit at least €20 to claim the bonus. That’s as far as the deposit goes. To claim the free spins on the second to the fifth day, you only need to log in.
Once you claim the bonus, you will have 21 days to use it. During this time, you must meet the wagering requirement set at 35 times the bonus amount. The same wagering requirement (35x) applies to all winnings from the free spins. Only after satisfying these requirements will the casino allow you to withdraw.

Promotions and bonuses

VIPs Casino disappoints when it comes to ongoing bonuses and promotions because of the little selection available. At the time of writing this review, the operator had only three ongoing time-sensitive promotions. Other than that, there’s a Cashback program that promises to pay back up to 20% of your weekly losses. This will happen on Friday but only on losses above €75. It’s even more disappointing that the casino doesn’t have a VIP program, considering the operator’s title.

Usability

Gamblers who love playing on the go will be happy to know VIPs is mobile-friendly. That means you can pick up right where you left it on your desktop while on the move. Everything works well with smooth transitions between pages and this is thanks to HTML5 technology. This technology optimizes the site to fit on any screen regardless of the operating system the device runs.
There’s no mobile app, which means all you need is a mobile web browser and a stable, high-speed internet connection to play your favorite game. Speaking of games, the casino offers a majority of its games in the mobile version, so you should have access to plenty of entertainment.
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VIPs Casino Help and Support

VIPs Casino believes in the C.A.R.E mantra - Customers Are Really Everything. That’s why the operator offers three ways to get help while on the platform. Before contacting the customer support representatives, you can start by finding solutions in the FAQ section. The operator makes it easy to find answers by grouping issues under major topics.
These are the main categories in the VIPs Casino FAQ:
  • Deposit
  • Cash-out
  • Submit Documentation
  • Technical Problems
  • Bonus Policy
  • Forgot Your Password
  • Frequently Asked Questions
If you don’t find a satisfactory answer within the FAQs, you can opt for the live chat service. Despite operating for limited hours (08:00 CET to 00:00 CET), you will still get fast answers to your queries. There’s an email address you can use if you prefer that method but prepare to wait up to 24 hours for answers.
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Deposits and Withdrawals

When it comes to getting in the game, VIPs Casino offers a variety of payment methods. To fund your account, the operator offers traditional options such as credit/debit cards from VISA and MasterCard. Other deposit options include Bank Transfer, Klarna, Trustly, Skrill, Neteller, ecoPayz, PayPal, Rapid Transfer, GiroPay, Interac, EasyEFT, AstroPay, etc. All options here offer instant deposits.
For your withdrawals, the casino offers a much shorter list although it features some of the deposit options. That includes all eWallets and credit/debit cards.

Security and Licensing

VIPs Casino isn’t the type to take chances with its players’ security, which is why it boasts two licenses from two of the most respected regulatory authorities as far as online gambling goes. The Malta Gaming Authority and the United Kingdom Gambling Commission are known for imposing strict rules and regulations to protect players from predatory operators.
The casino guarantees overall website security by using the latest 128-bit Secure Socket Layer (SSL) encryption technology. On top of that, the operator fortifies its security by using firewalls to secure its servers. With these two, players can rest assured knowing their sensitive data is secure from unauthorized access.
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Conclusion of VIPs Casino Review

Credit goes to VIPs Casino for coming out the gate strong as is evidenced by the numerous casino games touching on all categories, making sure it encompasses all types of players. On top of that, it makes sure the games are accessible on any mobile device and works as fine as they do on the desktop version. The welcome bonus is quite something, especially the 500 free spins on offer but the promotions beyond this fall short in terms of the numbers.
The customer support offers great help but the limited live chat hours mean players will have to restrict their gameplay within those hours if they need help or play on and hope they don’t encounter problems.

PROS

  • Numerous payment options
  • Mobile-friendly website
  • Licensed by MGA and UKGC
  • Ongoing bonuses and promotions available
  • Progressive jackpot slots available

CONS

  • Limited live chat hours
  • No phone support
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submitted by freespins1 to u/freespins1 [link] [comments]

Sloty Casino 20 Free Spins No Deposit on Registration!

Sloty Casino 20 Free Spins No Deposit on Registration!

Sloty Casino No Deposit Bonus & Review
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OVERVIEW

With the online casino industry booming, new casinos are popping up almost daily. Some casinos stick to straightforward offerings while others turn up the level of excitement. Sloty casino is one of the latter; this online casino brings you a mixture of gaming magic and storytelling. Each and every minute spent at this online casino will be like reading a good book.
This theme-based casino comes with a bright and funky design that immediately captures your attention. Sloty casino has one goal in mind and that is providing you with a gaming experience like you’ve never had before.
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SLOTY CASINO BONUS

Apart from providing you with spectacular entertainment, Sloty Casino also offers players a variety of mind-blowing bonuses. Each and every new member will receive a welcome bonus package to help them on their way as they begin their adventure.
The welcome package provides you with up to $1,500 in bonus funds and 300 free spins. This welcome package is available to all new players. The welcome offer will be split across your first four deposits at the casino to ensure you get the maximum amount of bonus funds and fun out of the package.
On your 1st deposit, you can get a 100% match bonus of up to $300 as well as the 300 free spins. To get this bonus you need to select the bonus from the dropdown box at the cashier when making a minimum deposit of $10. The 2nd deposit is a 50% match of up to $400 and the 3rd and 4th deposit will get you a 25% bonus of up to $400. These last three bonuses can only be claimed using the specified bonus code on the Welcome Bonus page.
The 300 Free Spins will be available to you from the first deposit with the first 30 being credited to your account immediately. From there you will receive the rest of the free spins in batches of 30 per day over a course of 9 days on pre-selected games. All bonus funds need to be wagered 40 times before any withdrawals can be made. And free spins are valid for 72 hours after the New Player Welcome Bonus has been activated. Any deposits made via Skrill or Neteller will not be eligible for the New Player Welcome Bonus.
In the Sloty universe, the bonus fun only starts with your welcome package but it explodes with daily promotions that include Happy Hour free spins, monthly extra mile bonuses and more. You’ll also become a VIP with your own set of VIP wings that’ll help you reach the best promotions, bonuses and service. Each and every day will feel like your birthday!
18+ Full T&C's Apply.

SLOTY CASINO BONUS CODE

Some online casinos require a special bonus code for you to claim your welcome bonus offer. At Sloty Casino the Welcome Bonus package is divided over your first four deposits. While you won’t need a bonus code to claim the first deposit bonus and 300 free spins you will need a bonus code to claim the last 3 bonuses. Welcome, Bonus Codes:
  • Second Deposit – WSLOTY2
  • Third Deposit – WSLOTY3
  • Fourth Deposit – WSLOTY4
Most of the bonus offers and promotions at the casino won’t require a bonus code, only that you select the specified bonus in the dropdown box at the cashier. However, if a bonus code is required Sloty Casino will always provide you with one.
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HOW TO REGISTER ON SLOTY CASINO

Registering at Sloty Casino is quick and fairly easy as long as you have all your necessary information with you. Once you’ve registered your Sloty Casino account you can start cashing in on amazing bonus promotions such as the four deposit welcome offer. Here’s how it works:
  1. Click the Sign-Up button on the Sloty Casino website.
  2. Create your new Username and Password.
  3. Fill in your personal details (Name, Surname, Date of Birth).
  4. Accept the Terms & Conditions and Privacy Policy.
  5. Click Register Now and get ready for the action.
Once you’ve completed the steps the casino might request supporting documentation to verify your account such as proof of address or proof of identification. From there you can start making deposits and playing a wide range of games available.

AVAILABLE GAMES

If you haven’t already fallen over your feet to sign up at Sloty Casino, you’ll definitely feel like doing so when you hear about the massive selection of games available. Sloty is powered by some of the biggest gaming developers in the industry which includes Quickspin, NetEnt, Evolution Gaming and Play ‘n Go. The name might make it sound that Sloty is focused purely on slot machines but don’t fear, there is a wide range of different casino games to choose from.
There is a selection of over 1,200 games to choose from which includes a set of top quality card and table game variants. Players can improve their skill and test their luck with multiple variants of Roulette, Blackjack and Poker to choose from. For those looking for something in between a slot and a card game, there are over 10 different Video Poker titles on offer. There are plenty of fun and smaller gaming titles for those looking for a quick thrill, including Mini-Games and Scratch Cards.
And lastly, there is an overload of online slots to choose from and with the gaming developers on board you know it’s a list of only the best games. Players can spin their way to big wins on popular slots like Gonzo’s Quest, Wild Wild Chest, Twin Spin and Fire Joker.
And if you’re looking for slots that can turn you into an instant millionaire you can always try Jackpot Games like Totem Lightning Power Reels, Divine Fortune, Pirate’s Plenty and Tiki Fruits to name a few.
The casino games have all been divided into different categories making it easier to find your special preferences of games. You can choose from New Games, Popular Games, Video Slots, Jackpot Games, Table Games, Other Games, Classic Slots, All Games or Must Fall Jackpots to list only a few. Sloty Casino makes playing online casino games fun, adventurous and full of excitement.
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LIVE CASINO

For the players who prefer a more personal casino experience, there is a massive range of Live Casino games to indulge in. At Sloty Casino you can look forward to choosing from nearly 100 Live Casino variants.
You get to chat with the dealer while increasing your wins on Roulette, Blackjack, Baccarat and others. Apart from the classic variants, the casino offers exciting live variants such as Lightning Roulette and Monopoly Live. There are a number of Exclusive Live Casino variants available here too. The Live Casino has something for everyone no matter what your budget and you can choose whether you want to take a seat at the regular or VIP Live Casino tables.

SPORTSBOOK

Each online casino has a target market and a number of games they provide which ranges from online slots to live casino and sports betting. While Sloty Casino has a massive selection of regular online casino games and Live Casino games to choose from they have no Sportsbook available.
If you are in need of a proper Sportsbook it would be best to head to an online casino such as Leo Vegas Casino or Guts Casino. These casinos offer regular online casino games, Live Casino variants and an impressive Sportsbook. Both Casinos have exclusive bonus promotions and rewards for sportsbook players available too.

MOBILE CASINO

The best part is that large selections of their online casino games are available on all mobile and tablet devices too.
Sloty Casino can be accessed from anywhere at any time via any mobile device as long as you have a solid internet connection. You can use your regular account login details to access the site and enjoy smooth gameplay while on the go.
The site has been optimized to run smoothly on all devices and game performance is excellent on all devices. The mobile site includes almost everything you’ll find on the desktop browser including the best bonuses and promotions. With Sloty Casino’s mobile offering nothing will stop you from taking a few spins to kill the time.
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PAYMENT METHODS

Depositing and withdrawing are as easy as 1, 2, and 3 at Sloty Casino. The site includes only the most trusted payment options to ensure that all transactions are safely processed. To make a deposit you can use payment methods like Visa, MasterCard, Maestro, Paysafecard, Skrill, Neteller, Trustly and Zimpler. The payment methods available may differ depending on your region as not all regions allow transactions via the same payment options.
All deposits are processed instantly and there are no additional fees attached when making deposits.

WITHDRAWAL SPEED

Withdrawals can be made via the same payment options and will be processed within 3 to 4 working days depending on the method used. If you withdraw via E-wallets such as Skrill, Neteller, Trustly or Zimpler your pay-outs could happen within less than 24 hours.

CUSTOMER SUPPORT

If you run into any problems or you have some queries and questions you need answering you can contact the support team around the clock. No matter what time of day or night they will be ready to assist you via Live Chat, Phone, and E-mail. There is also a list of detailed answers on the most generic questions in their FAQ section.
Sloty also embraces modern technology and is already building a presence on social sites such as Facebook, Instagram, Twitter and YouTube. Give them a like or a follow to make sure you’ll be the first to hear of new promotions, game releases or giveaways.
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TRUSTWORTHINESS OF SLOTY CASINO

Promising you a gaming experience that is out of this world, Sloty makes sure that you get that experience in the safest and most secure environment. The site makes use of SSL digital encryption technology to make sure that all your information is kept confidential. Under no circumstance will your information be distributed to third parties. As a fully licensed site, Sloty adheres to all the necessary rules and regulations needed to ensure a safe and non-fraudulent gaming experience for all players.
The casino games are all run through a Random Number Generator that is certified and gets tested on a regular basis. This is to ensure that the gaming outcomes remain fair and untampered with by either the casino or the players. The casino also encourages players to stay responsible during their gambling experience. There are various options to help you limit your gameplay, deposits and play. For players who might be developing a gambling problem, there is also the choice of temporarily freezing the account. And there are helplines and sites linked to the casino.
Sloty Casino was only established in 2017 but since then has been making an effort to build a trustworthy and reputable brand. The casino is constantly looking at new ways to improve their services and give players even better gaming experience. Any complaints or problems with the casino is attended to promptly and resolved in a matter of days. Sloty Casino is one online casino where you can play with a heart at ease.

SLOTY CASINO LICENSE

Sloty Casino is owned and operated by Genesis Global Limited, a company that has created the massively popular Spinit Casino and Casino Cruise. The Casino is fully licensed and regulated by the Malta Gaming Authority. As a regulated and licensed online casino Sloty adheres to strict rules and regulations to ensure a fair and safe gambling environment for all players. Genesis Global Limited is incorporated under the laws of Malta (C65325) at registered address 28, GB Buildings, Level 3, Watar Street, Ta’ Xbiex, XBX 1301, Malta.
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submitted by freespins1 to u/freespins1 [link] [comments]

Meta: Congratulations! You just won millions of dollars in the lottery!

Congratulations! You just won millions of dollars in the lottery! That's great.
Now you're fucked.
No really.
You are.
You're fucked.
If you just want to skip the biographical tales of woe of some of the math-tax protagonists, skip on down to the next comment. To see what to do in the event you win the lottery.
You see, it's something of an open secret that winners of obnoxiously large jackpots tend to end up badly with alarming regularity. Not the $1 million dollar winners. But anyone in the nine-figure range is at high risk. Eight-figures? Pretty likely to be screwed. Seven-figures? Yep. Painful. Perhaps this is a consequence of the sample. The demographics of lottery players might be exactly the wrong people to win large sums of money. Or perhaps money is the root of all evil. Either way, you are going to have to be careful. Don't believe me? Consider this:
Large jackpot winners face double digit multiples of probability versus the general population to be the victim of:
1. Homicide (something like 20x more likely)
2. Drug overdose
3. Bankruptcy (how's that for irony?)
4. Kidnapping
And triple digit multiples of probability versus the general population rate to be:
1. Convicted of drunk driving
2. The victim of Homicide (at the hands of a family member) 120x more likely in this case, ain't love grand?
3. A defendant in a civil lawsuit
4. A defendant in felony criminal proceedings
Believe it or not, your biggest enemy if you suddenly become possessed of large sums of money is... you. At least you will have the consolation of meeting your fate by your own hand. But if you can't manage it on your own, don't worry. There are any number of willing participants ready to help you start your vicious downward spiral for you. Mind you, many of these will be "friends," "friendly neighbors," or "family." Often, they won't even have evil intentions. But, as I'm sure you know, that makes little difference in the end. Most aren't evil. Most aren't malicious. Some are. None are good for you.
Jack Whittaker, a Johnny Cash attired, West Virginia native, is the poster boy for the dangers of a lump sum award. In 2002 Mr. Whittaker (55 years old at the time) won what was, also at the time, the largest single award jackpot in U.S. history. $315 million. At the time, he planned to live as if nothing had changed, or so he said. He was remarkably modest and decent before the jackpot, and his ship sure came in, right? Wrong.
Mr. Whittaker became the subject of a number of personal challenges, escalating into personal tragedies, complicated by a number of legal troubles.
Whittaker wasn't a typical lottery winner either. His net worth at the time of his winnings was in excess of $15 million, owing to his ownership of a successful contracting firm in West Virginia. His claim to want to live "as if nothing had changed" actually seemed plausible. He should have been well equipped for wealth. He was already quite wealthy, after all. By all accounts he was somewhat modest, low profile, generous and good natured. He should have coasted off into the sunset. Yeah. Not exactly.
Whittaker took the all-cash option, $170 million, instead of the annuity option, and took possession of $114 million in cash after $56 million in taxes. After that, things went south.
Whittaker quickly became the subject of a number of financial stalkers, who would lurk at his regular breakfast hideout and accost him with suggestions for how to spend his money. They were unemployed. No, an interview tomorrow morning wasn't good enough. They needed cash NOW. Perhaps they had a sure-fire business plan. Their daughter had cancer. A niece needed dialysis. Needless to say, Whittaker stopped going to his breakfast haunt. Eventually, they began ringing his doorbell. Sometimes in the early morning. Before long he was paying off-duty deputies to protect his family. He was accused of being heartless. Cold. Stingy.
Letters poured in. Children with cancer. Diabetes. MS. You name it. He hired three people to sort the mail. A detective to filter out the false claims and the con men (and women) was retained.
Brenda, the clerk who had sold Whittaker the ticket, was a victim of collateral damage. Whittaker had written her a check for $44,000 and bought her house, but she was by no means a millionaire. Rumors that the state routinely paid the clerk who had sold the ticket 10% of the jackpot winnings hounded her. She was followed home from work. Threatened. Assaulted.
Whittaker's car was twice broken into, by trusted acquaintances who watched him leave large amounts of cash in it. $500,000 and $200,000 were stolen in two separate instances. The thieves spiked Whittaker's drink with prescription drugs in the first instance. The second incident was the handiwork of his granddaughter's friends, who had been probing the girl for details on Whittaker's cash for weeks.
Even Whittaker's good-faith generosity was questioned. When he offered $10,000 to improve the city's water park so that it was more handicap accessible, locals complained that he spent more money at the strip club. (Amusingly this was true).
Whittaker invested quite a bit in his own businesses, tripled the number of people his businesses employed (making him one of the larger employers in the area) and eventually had given away $14 million to charity through a foundation he set up for the purpose. This is, of course, what you are "supposed" to do. Set up a foundation. Be careful about your charity giving. It made no difference in the end.
To top it all off, Whittaker had been accused of ruining a number of marriages. His money made other men look inferior, they said, wherever he went in the small West Virginia town he called home. Resentment grew quickly. And festered. Whittaker paid four settlements related to this sort of claim. Yes, you read that right. Four.
His family and their immediate circle were quickly the victims of odds-defying numbers of overdoses, emergency room visits and even fatalities. His granddaughter, the eighteen year old "Brandi" (who Whittaker had been giving a $2100.00 per week allowance) was found dead after having been missing for several weeks. Her death was, apparently, from a drug overdose, but Whittaker suspected foul play. Her body had been wrapped in a tarp and hidden behind a rusted-out van. Her seventeen year old boyfriend had expired three months earlier in Whittaker's vacation house, also from an overdose. Some of his friends had robbed the house after his overdose, stepping over his body to make their escape and then returning for more before stepping over his body again to leave. His parents sued for wrongful death claiming that Whittaker's loose purse strings contributed to their son's death. Amazingly, juries are prone to award damages in cases such as these. Whittaker settled. Again.
Even before the deaths, the local and state police had taken a special interest in Whittaker after his new-found fame. He was arrested for minor and less minor offenses many times after his winnings, despite having had a nearly spotless record before the award. Whittaker's high profile couldn't have helped him much in this regard.
In 18 months Whittaker had been cited for over 250 violations ranging from broken tail lights on every one of his five new cars, to improper display of renewal stickers. A lawsuit charging various police organizations with harassment went nowhere and Whittaker was hit with court costs instead.
Whittaker's wife filed for divorce, and in the process froze a number of his assets and the accounts of his operating companies. Caesars in Atlantic City sued him for $1.5 million to cover bounced checks, caused by the asset freeze.
Today Whittaker is badly in debt, and bankruptcy looms large in his future.
But, hey, that's just one example, right?
Wrong.
Nearly one third of multi-million dollar jackpot winners eventually declare bankruptcy. Some end up worse. To give you just a taste of the possibilities, consider the fates of:
So, what the hell DO you do if you are unlucky enough to win the lottery?
This is the absolutely most important thing you can do right away: NOTHING.
Yes. Nothing.
DO NOT DECLARE YOURSELF THE WINNER yet.
Do NOT tell anyone. The urge is going to be nearly irresistible. Resist it. Trust me.
1. IMMEDIATELY retain an attorney.
Get a partner from a larger, NATIONAL firm. Don't let them pawn off junior partners or associates on you. They might try, all law firms might, but insist instead that your lead be a partner who has been with the firm for awhile. Do NOT use your local attorney. Yes, I mean your long-standing family attorney who did your mother's will. Do not use the guy who fought your dry-cleaner bill. Do not use the guy you have trusted your entire life because of his long and faithful service to your family. In fact, do not use any firm that has any connection to family or friends or community. TRUST me. This is bad. You want someone who has never heard of you, any of your friends, or any member of your family. Go the the closest big city and walk into one of the national firms asking for one of the "Trust and Estates" partners you have previously looked up on http://www.martindale.com from one of the largest 50 firms in the United States which has an office near you. You can look up attornies by practice area and firm on Martindale.
2. Decide to take the lump sum.
Most lotteries pay a really pathetic rate for the annuity. It usually hovers around 4.5% annual return or less, depending. It doesn't take much to do better than this, and if you have the money already in cash, rather than leaving it in the hands of the state, you can pull from the capital whenever you like. If you take the annuity you won't have access to that cash. That could be good. It could be bad. It's probably bad unless you have a very addictive personality. If you need an allowance managed by the state, it is because you didn't listen to point #1 above.
Why not let the state just handle it for you and give you your allowance?
Many state lotteries pay you your "allowence" (the annuity option) by buying U.S. treasury instruments and running the interest payments through their bureaucracy before sending it to you along with a hunk of the principal every month. You will not be beating inflation by much, if at all. There is no reason you couldn't do this yourself, if a low single-digit return is acceptable to you.
You aren't going to get even remotely the amount of the actual jackpot. Take our old friend Mr. Whittaker. Using Whittaker is a good model both because of the reminder of his ignominious decline, and the fact that his winning ticket was one of the larger ones on record. If his situation looks less than stellar to you, you might have a better perspective on how "large" your winnings aren't. Whittaker's "jackpot" was $315 million. He selected the lump-sum cash up-front option, which knocked off $145 million (or 46% of the total) leaving him with $170 million. That was then subject to withholding for taxes of $56 million (33%) leaving him with $114 million.
In general, you should expect to get about half of the original jackpot if you elect a lump sum (maybe better, it depends). After that, you should expect to lose around 33% of your already pruned figure to state and federal taxes. (Your mileage may vary, particularly if you live in a state with aggressive taxation schemes).
3. Decide right now, how much you plan to give to family and friends.
This really shouldn't be more than 20% or so. Figure it out right now. Pick your number. Tell your lawyer. That's it. Don't change it. 20% of $114 million is $22.8 million. That leaves you with $91.2 million. DO NOT CONSULT WITH FAMILY when deciding how much to give to family. You are going to get advice that is badly tainted by conflict of interest, and if other family members find out that Aunt Flo was consulted and they weren't you will never hear the end of it. Neither will Aunt Flo. This might later form the basis for an allegation that Aunt Flo unduly influenced you and a lawsuit might magically appear on this basis. No, I'm not kidding. I know of one circumstance (related to a business windfall, not a lottery) where the plaintiffs WON this case.
Do NOT give anyone cash. Ever. Period. Just don't. Do not buy them houses. Do not buy them cars. Tell your attorney that you want to provide for your family, and that you want to set up a series of trusts for them that will total 20% of your after tax winnings. Tell him you want the trust empowered to fund higher education, some help (not a total) purchase of their first home, some provision for weddings and the like, whatever. Do NOT put yourself in the position of handing out cash. Once you do, if you stop, you will be accused of being a heartless bastard (or bitch). Trust me. It won't go well.
It will be easy to lose perspective. It is now the duty of your friends, family, relatives, hangers-on and their inner circle to skew your perspective, and they take this job quite seriously. Setting up a trust, a managed fund for your family that is in the double digit millions is AMAZINGLY generous. You need never have trouble sleeping because you didn't lend Uncle Jerry $20,000 in small denomination unmarked bills to start his chain of deep-fried peanut butter pancake restaurants. ("Deep'n 'nutter Restaurants") Your attorney will have a number of good ideas how to parse this wealth out without turning your siblings/spouse/children/grandchildren/cousins/waitresses into the latest Paris Hilton.
4. You will be encouraged to hire an investment manager. Considerable pressure will be applied. Don't.
Investment managers charge fees, usually a percentage of assets. Consider this: If they charge 1% (which is low, I doubt you could find this deal, actually) they have to beat the market by 1% every year just to break even with a general market index fund. It is not worth it, and you don't need the extra return or the extra risk. Go for the index fund instead if you must invest in stocks. This is a hard rule to follow. They will come recommended by friends. They will come recommended by family. They will be your second cousin on your mother's side. Investment managers will sound smart. They will have lots of cool acronyms. They will have nice PowerPoint presentations. They might (MIGHT) pay for your shrimp cocktail lunch at TGI Friday's while reminding you how poor their side of the family is. They live for this stuff.
You should smile, thank them for their time, and then tell them you will get back to them next week. Don't sign ANYTHING. Don't write it on a cocktail napkin (lottery lawsuit cases have been won and lost over drunkenly scrawled cocktail napkin addition and subtraction figures with lots of zeros on them). Never call them back. Trust me. You will thank me later. This tactic, smiling, thanking people for their time, and promising to get back to people, is going to have to become familiar. You will have to learn to say no gently, without saying the word "no." It sounds underhanded. Sneaky. It is. And its part of your new survival strategy. I mean the word "survival" quite literally.
Get all this figured out BEFORE you claim your winnings. They aren't going anywhere. Just relax.
5. If you elect to be more global about your paranoia, use between 20.00% and 33.00% of what you have not decided to commit to a family fund IMMEDIATELY to purchase a combination of longer term U.S. treasuries (5 or 10 year are a good idea) and perhaps even another G7 treasury instrument. This is your safety net. You will be protected... from yourself.
You are going to be really tempted to starting being a big investor. You are going to be convinced that you can double your money in Vegas with your awesome Roulette system/by funding your friend's amazing idea to sell Lemming dung/buying land for oil drilling/by shorting the North Pole Ice market (global warming, you know). This all sounds tempting because "Even if I lose it all I still have $XX million left! Anyone could live on that comfortably for the rest of their life." Yeah, except for 33% of everyone who won the lottery.
You're not going to double your money, so cool it. Let me say that again. You're not going to double your money, so cool it. Right now, you'll get around 3.5% on the 10 year U.S. treasury. With $18.2 million (20% of $91.2 mil after your absurdly generous family gift) invested in those you will pull down $638,400 per year. If everything else blows up, you still have that, and you will be in the top 1% of income in the United States. So how about you not fuck with it. Eh? And that's income that is damn safe. If we get to the point where the United States defaults on those instruments, we are in far worse shape than worrying about money.
If you are really paranoid, you might consider picking another G7 or otherwise mainstream country other than the U.S. according to where you want to live if the United States dissolves into anarchy or Britney Spears is elected to the United States Senate. Put some fraction in something like Swiss Government Bonds at 3%. If the Swiss stop paying on their government debt, well, then you know money really means nothing anywhere on the globe anymore. I'd study small field sustainable agriculture if you think this is a possibility. You might have to start feedng yourself.
6. That leaves, say, 80% of $91.2 million or $72.9 million.
Here is where things start to get less clear. Personally, I think you should dump half of this, or $36.4 million, into a boring S&P 500 index fund. Find something with low fees. You are going to be constantly tempted to retain "sophisticated" advisers who charge "nominal fees." Don't. Period. Even if you lose every other dime, you have $638,400 per year you didn't have before that will keep coming in until the United States falls into chaos. Fuck advisers and their fees. Instead, drop your $36.4 million in the market in a low fee vehicle. Unless we have an unprecedented downturn the likes of which the United States has never seen, should return around 7.00% or so over the next 10 years. You should expect to touch not even a dime of this money for 10 or 15 or even 20 years. In 20 years $36.4 million could easily become $115 million.
7. So you have put a safety net in place.
You have provided for your family beyond your wildest dreams. And you still have $36.4 million in "cash." You know you will be getting $638,400 per year unless the capital building is burning, you don't ever need to give anyone you care about cash, since they are provided for generously and responsibly (and can't blow it in Vegas) and you have a HUGE nest egg that is growing at market rates. (Given the recent dip, you'll be buying in at great prices for the market). What now? Whatever you want. Go ahead and burn through $36.4 million in hookers and blow if you want. You've got more security than 99% of the country. A lot of it is in trusts so even if you are sued your family will live well, and progress across generations. If your lawyer is worth his salt (I bet he is) then you will be insulated from most lawsuits anyhow. Buy a nice house or two, make sure they aren't stupid investments though. Go ahead and be an angel investor and fund some startups, but REFUSE to do it for anyone you know. (Friends and money, oil and water - Michael Corleone) Play. Have fun. You earned it by putting together the shoe sizes of your whole family on one ticket and winning the jackpot.
submitted by DamnDam to PromptsJustforMe [link] [comments]

Ultimate Gambling Guide for GTA Online - odds, probabilities, and optimal strategies

This is not mine, the creator of this is u/enderpiet

Since the Diamond Casino update, I have seen a large number of 12-year-olds posting Blackjack memes on this sub. As a parent, this has me very worried.
On top of that, I have seen some of the most trustworthy GTA Youtubers giving flawed gambling advice, which can have damaging impact on their gullible audiences.
So that's why I decided to write this up, to educate everyone on the subject, so there will be no more misunderstandings.
(2020 Update down at the bottom.)
If you're one of those Youtubers that wants to use this information in a video, feel free to do so. The more people (especially kids) that become educated about gambling, the better.
But then also please go back and review your own work, and delete or edit the videos that are giving out the wrong advice, like where you're saying you have "a good strategy for making money with roulette", or some other nonsense that I've heard this week. Delete that please.
Before I get into the individual games, I need to discuss a few concepts first, that will make understanding the rest a lot easier.
Expected return and variance
A game like Roulette or Slots has a fixed expected return on your bets. This is a percentage that you have no way of influencing. Say you are flipping a coin against a friend, and you both put up $1. The winner gets the pot. Since the odds are even at 50%, in the long run, you will expect to break even. Your expected return is 100% of your bet.
But imagine if you would play this coin flipping game in a casino against the house. On the "house rules" listed at the table they would probably say that you would only get 95 cents back for every win, while you are forfeiting a dollar on every loss. Would you still play?
Sounds stupid to do so, but still, everybody does it. Every bet they place on Roulette, every coin they put into a Slot machine, is based on the same concept.
Those few cents they take on every bet are their profit margin, and has paid for all the Vegas lights, the Mirage volcanoes, and the Bellagio fountains. Make no mistake - casino gambling games are not designed to make you lose, because sure, you can get lucky on a single night, but they are designed to make them win. That's the beauty of it. They can both exist at the same time.
Too many people that don't see how this works, are just destined for disaster. Just because you went on a lucky streak and won 8 games out of 10, does not mean that flipping coins is a profitable game, or that choosing tails is a winning strategy. Always be aware of the house edge, your true chances of winning, and just realize that you got lucky. There is no such thing as a strategy in flipping a coin that will give you a higher expected return, so it's just pure gambling, just like Slots and Roulette.
Most casino games are made in such a way, that your expected return is a little under 100%. This means that from every dollar bet at the tables, the casino expects to keep a few cents. For individual players, results may vary. Some will win, most will lose. But for the house, it doesn't matter. They take millions of bets each day, so for them, the expected average works out a lot sooner. In short: the house always wins.
When looking at the house edge, we're talking about the expected long-term result, based on the game's house rules. But for a player, it can take literally tens of thousands of hands or spins before you also reach this average number. Until that time, you can experience huge upswings and downswings, that are the result of nothing but short-term luck, which is called variance.
Some games and some bets have a much higher variance than others, which means your actual results will differ enormously from what you're expected to be at.
Take for example betting on red/black at the Roulette table. This is a low-variance proposition, because it has a high percentage chance of occurring, and a low payout.
Contrast this with betting single numbers in Roulette, which only win once every 38 spins on average. This bet has a much higher variance, meaning you can easily hit a dry spell, and not hit anything for 200 bets in a row, or you can see a single number hit three times in five consecutive spins. This is not a freak occurrence in high-variance bets.
Even though the expected return in both these bets is exactly the same, there's a huge difference in variance, causing massive differences in short-term results, which can go both ways. You need to be aware of this, before you decide what types of bets you are comfortable with placing.
Gamblers' Fallacy
Another thing to realize, is that each individual game, hand, or spin, is completely independent from the one(s) before it, and after it.
Gamblers tend to believe, that the chance of a certain outcome is increased, based on previous results.
The most famous example comes from the Casino de Monte Carlo, where the Roulette wheel managed to land on black 26 times in a row. Gamblers lost many millions during that streak, all frantically betting on red, believing that the odds were in favor of the wheel coming out on red, after producing so many blacks. This is not true. Each round is completely independent, and the odds are exactly the same.
You will hear people say things like a Blackjack table being "hot" or "cold", which is completely superstitious, and should be ignored. The exception was when Blackjack was being dealt from a shoe. It made card counting possible. But with the introduction of shuffle machines, and continuous shuffling like is being used in GTA, this no longer exists.
This is also why "chasing your losses" is a very bad idea. After being on a losing streak for some time, many gamblers believe that now it's their turn to start winning. So they will often increase their bet size, believing that when their predicted winning streak comes around, they will win back their losses, and more.
The reality of it, more often than not, is that people will indeed start playing higher and higher limits, until they are completely broke. Nobody is ever "due for a win". There is never a guarantee that you're about to start winning. In fact, the opposite is more likely to be true. You are, after all, in a casino.
Betting systems
Some people like to think that they have a fool-proof betting system, like the Martingale system. Simply increase or even double your bet when you lose, and keep doing that until you win. In theory, this system will always win. So that's why table limits were introduced, and where the system fails.
If you start at the Roulette table, playing red/black, with a small 750 chip wager, and just double your bet every time you lose, you only have to lose 6 times in a row, before you will be betting the table limit of 48,000, just to get that 750 chip profit.
Sure, you can go on all evening without this happening, winning 750 chips each time, but this losing streak only has to happen once, and you're bust. Any betting system like this is ill-advised, because you are hugely increasing your so-called "risk of ruin", and that's what we were trying to avoid.
And even if your starting bet is only 100 chips, after only nine straight losses, and nine doubled bets, you are betting the table limit at 50,000 chips. If you lose that bet, you're 100,000 chips in the hole, with no way to recover that with your 100 chip base wager.
So don't believe anyone that says this is the perfect system to always win in the casino. Sooner or later they will understand why they were wrong, when they're asking you for a loan.
Set your limits BEFORE you start playing
One final point before we get into the games, a general tip for people that head out to play: money management.
Just like in real life, before you go to the casino, decide on a maximum amount that you are WILLING TO LOSE.
Bet small enough, so that amount can last you through the entire evening, and you will not be tempted to run to the ATM to continue playing.
Considering GTA money, some people will be comfortable losing 1% of their GTA bank balance, some people will be comfortable with gambling away 5% of their total GTA savings. It's up to you what you can handle. Decide for yourself where it will start to hurt, and don't cross that line.
But whatever number you decide on, as soon as you lost that amount, get up and walk away. Don't chase your losses, stick to your limits, and accept that this has not been your day. There is always another game tomorrow. Always agree with yourself on a simple stop-loss rule, how much you would want to lose at most, and simply stop playing when you get there.
Same goes for winning. You can decide on a number, how much profit you would like to take away from the casino. You can go on a hot streak and be up half a million in a short period of time, but if you would continue to play longer, looking for more, chances are that you're going to lose it all back.
Most people are happy with doubling their daily casino budget, for example. Others are looking for 10 bets profit in Blackjack. Whatever you choose, when you hit that number, you can stop playing and bank your profits, or you can continue playing if you're still enjoying the games, but then only just play minimum bet sizes. Then you're just playing for fun, not for money. You've already made your profit, so simply keep it in your pocket, and don't risk losing it again.
Either way, decide on what your money management strategy will be, and STICK TO IT.
Casino games in GTA Online
Now, I'm going to dive into the games that you can find at the Diamond casino, ordered from worst to best.
6) Slots
Generally the rule is this: the less strategy a game has, the worse it is for the player. And with slots, this is definitely the case.
The only influence you have, is choosing what type of machine you're going to play. Basically, there are two types of slot machines:
-high frequency, low payout slots
-low frequency, high payout slots
In the first type, there is no huge (progressive) jackpot on offer, just your average selection of prizes that don't go up to crazy amounts.
This will result in a player having many more spins resulting in a win. The amounts that you win on the bigger prizes, will be smaller, but they do come around more often. This type of slot machine has a lower variance, which means that your money should last you longer, winning many smaller prizes along the way to keep you going.
The second type of slot machine lures you in with the temptation of a huge jackpot prize. Even though the long-term expected return on these machines is the same as the previous type, the prize distribution is hugely different. The large jackpot prize weighs heavily on the scale of expected return, but the chance of it hitting is extremely small. This results in a much higher variance on this type of machine. Usually your money will go down very fast, because the smaller prizes are less rewarding than on the other type of machine.
At the Diamond, the info screen says the player return at slots is set at 98.7%. This means that, on average, for every maximum bet of 2,500 chips, you expect to lose 32.5 chips.
This might not seem like a lot, but the danger of slots is that the game is extremely fast. You can spin about once every 6 seconds, which would result in an expected LOSS of about 20,000 chips per hour of playing.
But again, in this long-term expected number, the large jackpot awards are also factored in, and as long as you don't hit those big prizes, you'll see your money go down a lot faster.
In any case, thank heavens the max bet is only set at 2,500, or else we would see more players go bankrupt at alarming rates.
Optimal strategy for slots:
There is none. Because after betting, you have no more influence over the outcome. The only choices you have, is what type of machine you want to play at, and how much money you are going to risk. And those are all personal preference. As long as you stick to your loss limits, as discussed above, there's no harm in having a go every once in a while, hoping to get a lucky hit. Just realize that you don't have a high chance of scoring a big win, so as soon as you do, get up and walk away.
5) Roulette
Roulette is also a game where you have no influence over the outcome. There is zero skill involved. You place your bet, and that's it.
In traditional French roulette, a table has only the single-zero, but of course, for American casinos that wasn't enough of a house edge, so they simply doubled their profits by adding a second zero. The house edge was increased from 1/37 to 1/19, which is huge.
This makes playing on a double-zero roulette table by definition a sucker's play.
The payouts scale evenly, which means that a bet on a single number, and a bet on half of the numbers, and everything in between, yields the same expected return. The only difference, again, being the variance that you are willing to subject yourself to.
The player return for double-zero Roulette for all bets is 94.74%.
Except for the 5-number bet, which can only be made by placing a bet on the two top rows that contain 0, 00, 1, 2 and 3. The expected return on this bet is lower: 92.1%. This is because it only pays out 6-1. Why? Well, the number 36 isn't divisible by 5, so the greedy people that came up with double-zero Roulette had to round it off someway, and as expected, it wasn't going to be in the players' favor.Just remember that that 5-number bet is the worst bet at the table, and should be avoided. All other possible bets have the same expected return.
So it really doesn't matter how you spread your bets, if you bet only one chip, or if you litter the entire table with a bucketload of chips. Each chip you put out there, has the same expected return, so there is no strategy that will improve your long-term results.
Assuming that you're betting the maximum table amount of 50,000 chips, you will be looking at an expected loss of about 2,630 chips per spin. Considering that a round takes about 45 seconds to complete, your expected LOSS at the GTA Roulette tables will be around 200,000 chips per hour of playing.
Optimal strategy for double-zero roulette:
Stay away. Stay far away.
4) Three Card Poker
With Three Card Poker, we come across the first game where there is actually some strategy involved. You get to look at your cards, and then decide if you want to fold, and surrender your ante, or double your bet.
Additionally, you can choose to place a side bet on "Pair Plus", which offers progressive payouts.
There are some websites out there that ran all the numbers with computer simulations, and even though I would like to quote the source here, these websites are understandably littered to the max with online casino ads, so that's why I have decided against doing that.
Optimal strategy for Three Card Poker:
For this game you only have to remember one strategy rule: Always bet on any high card queen-six-four or better, and fold any high card queen-six-three or lower. That's it. Just don't forget to double check if you're not folding a straight or a flush, and you'll be fine.
This strategy will result in an expected return of 96.63%.
The Pair Plus sidebet, with the payout table that is used at the Diamond casino, gives you an expected return of 97.68%, which is actually a bit better than the main ante bet.
So by playing both wagers, you're reducing your expected losses per bet, but since you're betting more, you're also increasing your expected loss per hour.
My advice would obviously be to not play this game at all, but if you do, put as much of your bet as possible on the Pair Plus, while making our Ante bet as small as you can.
To be able to compare it to the other games at the Diamond, let's stay on that 50,000 maximum wager, meaning making your ante bet 35,000, and your pair plus bet 15,000, if the table would allow it.
This results in an expected loss of about 1,525 chips per hand, and with a round taking about 45 seconds, this adds up to an expected LOSS of around 120,000 chips per hour of playing. In comparison, if you would only play the ante bet for 50,000 per hand, you expect to lose 1,685 chips per hand, which means an expected LOSS of about 135,000 chips per hour. So the more out of that 50,000 wager you can put on the "Pair Plus" sidebet, the better.
Even though it may be fun to try out this game for a bit, since there's only one simple strategy rule to follow, you'll soon find yourself robotically grinding down your bankroll until it has vaporized. You're not missing out on anything if you skip these tables, there is no real challenge.
Just like with Roulette and Slots, if you want to try it out nonetheless, you can just bet the minimum amounts and only play for fun, so it won't matter if you win or lose.
3) Blackjack
Blackjack is the most complicated game by far. Simply because the player has to make a series of decisions, which will largely decide the outcome. Luckily, there is such a thing as an optimal strategy, which will be outlined below.
However, the strategy is also dependent on the house rules. These not only affect your expected return, but in some places also your decisions.
Here are the house rules at the Diamond casino:
-The game uses 4 standard decks, and a continuous shuffle.
-Blackjack pays 3 to 2, dealer checks for early blackjack.
-No insurance offered, no surrender.
-Dealer stands on soft 17.
-Double down on any two cards.
-Player can split only once, but doubling after split is allowed.
-Seven-Card Charlie.
Under these rules, and following the "basic strategy" chart, your expected return at Blackjack is a shade under 99.6%, which is extremely good for a casino game, that's why Blackjack should be your table game of choice.
But it comes at a price: you are going to have to memorize the relatively complicated strategy chart, or at least stick it to your monitor until you have it in your head. But in case you ever stumble into a real-life casino, you won't regret having this table memorized, so I would definitely advise you to work on that.
The strategy chart might look complicated at first, but you will be able to notice certain patterns. Your decisions are mainly based on the dealer's upcard, which is basically divided into a weak card (2 to 6), and a strong card (7 to ace).
When a dealer shows a strong card, you will be hitting more often with the risk of going bust, but when a dealer shows a weak card, you're not taking that risk, and you will be standing more, but also doubling and splitting more. You want to increase your bets when the odds are in your favor, and get out cheap when they're not.
But it also helps to take some time to think about why a certain advice is given. For example, why does it say that you always have to split two eights, even against an ace. Well, that's because two eights equals 16, which is the worst total you can have. It's better to split them up, and give yourself a chance of finding a 17, 18 or 19 with the next card. Once you see the logic in that, you'll have one less thing to memorize.
The playing advice in the basic strategy chart is a result of computer simulations that ran all possible outcomes against each other, and produced the most profitable decision for each situation. So you can't go wrong following it.
Optimal strategy for Blackjack with Seven-Card Charlie
The added house rule of Seven-Card Charlie, adds a small advantage for the player, and it does influence a few strategy decisions. For example, you might have a 14 with 6 cards, against the dealer's 5 upcard.
Normally this would be an automatic stand, but if you're only one card away from the Seven-Card Charlie, meaning an instant win for the player, regardless of the dealer's hand, it turns it into a hit.
Here's the most optimal strategy chart to follow for the Diamond Casino house rules:https://prnt.sc/olct6g
You'll see that two fives are missing from the chart, and that's because you never split them. You treat them as a regular 10. You also never split tens. Just stand on 20.
If you follow this strategy religiously, even with a maximum wager of 50,000 chips, you only expect to lose about 215 chips per hand, and with rounds taking about 30 seconds, that amounts to an expected LOSS of 26,000 chips per hour, which is only half a bet. A small price to pay for an hour of entertainment.
But since the expected return is so extremely close to 100%, you will see more positive short-term results than with other games. But obviously it can also swing the other way. Again, this is supposed to be the game where your money lasts you the longest, but always set your loss and win limits before you sit down. That rule simply always applies.
Still, even with optimal strategies applied, all these games are expected to lose you money in the long run. So betting any kind of large amounts is not advised. If you simply want to enjoy playing these games, there's nothing wrong with betting a minimal amount. Playing these games for a longer period of time will already cost you money anyway, since your daily property fees will still be charged while you're playing in the GTA casino. As long as you can play for fun, there's nothing wrong, but when you see yourself betting insane chunks of your entire bank balance to try to recoup some unfortunate losses, you're doing it wrong.
As the commercials in Britain all correctly say: when the fun stops, stop.
2) Virtual Horse Racing
Now onto the good stuff. I ran some numbers, and I believe Rockstar has made a mistake with the horse racing game. Because as it stands, and if I read the numbers correctly, this game is actually profitable for the player. You can actually make money with this, at least, until Rockstar figures out their mistake and patches it.
If anyone wants to jump into the math and double check this to make sure, please do so. I will add any corrections to this post. This is one of those "to good to be true" things, so I keep thinking that I might have overlooked something. So please verify it if you can.
The setup is this. There is a pool of 100 horses, each with their own attached payout. These are divided into 3 groups, ranked by their odds. From each group, 2 horses are randomly selected to provide a pool of six runners for you to bet on.
Now it's not an actual race you're looking at. You are looking at a raffle. This is important to realize.
Each horse gets awarded a certain number of raffle tickets. The favorites get awarded more tickets than the underdogs, and therefore, have a higher chance of winning.
If this distribution works like it does in the real-life casinos, then the raffle tickets are awarded according to the betting odds.
Example 1: imagine a race with 3 runners, all have 2/1 odds, representing a 33.3% chance of winning. (Because 2/1 means 2 AGAINST 1, so 3 total.) In this case, each horse gets one third of the raffle tickets, giving them an equal chance to win.
Example 2: imagine a race with 3 runners, one has 1/1 odds (or EVENS), representing a 50% chance of winning, and the other two horses are marked up as 3/1, with a 25% chance of winning. The favorite gets half the tickets, the other two get a quarter of the tickets each.
A ticket is drawn, and you'll have a winner.
It doesn't matter in this game which horse you bet on, because the expected return is always the same: 100% or break-even, for the above examples.
Now, what happens if the percentages don't exactly add up to 100%?
They must add up to 100%, because there will always be a winner. And only one winner.
So when this is the case, the actual winning chances of the horses are adjusted to meet the 100% requirement, using their payout odds to determine the scale.
So, if the represented percentages add up to more than 100%, the actual winning chances of the runners will be DECREASED, resulting in all bets becoming losing propositions for the players.
Example: In a 6-horse race, all runners are listed at 4/1, representing a 20% chance. Only with six runners that amounts to 120%. So all chances are scaled down by 1/6th, to end up at 100%.
This means your horse's chances are reduced from 20% to 16.67%, turning it into a losing bet: 5 times you will lose your bet, and 1 time you will win, but only get 4 bets back in this instance, instead of 5. A losing bet in the long run.
This is the type of odds that you find in regular casinos, with fields as large as 15 runners to bet on, where the assumed winning chances always add up to more than 100%, therefore are decreased for all runners, resulting in a house edge.
But in GTA Online's Inside Track, there are other scenarios, because of the small field, and the way that they are put together.
In some cases, the represented percentages when added up, are LESS than 100%, meaning that the actual winning chances of all runners, are INCREASED.
This creates profitable bets for the players, because in the long run, you're expecting to win more money than you lose. This is a gambler's dream, pure and simple.
So, according to the in-game information, the three groups of horses are divided as follows:
-Favorites: EVENS to 5-1
-Outsiders: 6-1 to 15-1
-Underdogs: 16-1 to 30-1
Let's take the two most extreme examples to show what's happening.
The worst possible field to bet on: two runners at EVENS, two runners at 6-1, and two runners at 16-1.
EVENS represents a 50% chance, 6-1 is 14.29%, and 16-1 is 5.88%. Add those up and you land on a total of 140.34%.
This means that the actual winning chances of the horses are decreased by 28.75% (to get that 140% down to 100%), which makes betting on this field extremely unwise.
A horse at EVENS will only come in as a winner 35.63% of the time, instead of 50%,
a horse at 6-1 will only win 10.18% of the time,
and an underdog at 16-1 will only win 4.19% of the time.
The expected return on a bet on any of the horses in this field is only 71.26%, so a maximum bet of 10,000 chips on any of these horses holds an expected LOSS of 2,875 chips.
These returns are the same, because the winning chances are scaled equally, according to the payout numbers. So it really doesn't matter which horse you bet on, in the long run, you expect the same results.
But as explained before, it does influence variance, and therefore your short-term result, which can swing both ways.
But now, the best possible field to bet on: two runners at 5-1, two runners at 15-1, and two runners at 30-1.
Odds at 5-1 represents a winning chance of 16.67%, 15-1 odds means 6.25% chance, and 30-1 odds means a 3.23% chance of winning. Add these six horses together, and you only get 52.285%.
This means that, to get from 52% to 100%, the actual winning chances of these horses will be almost doubled! Multiplied by 1.91 to be exact.
So the 5-1 favorites will now win 31.88% of the time, instead of 16.67%,
the 15-1 runners will win 11.95% of the time,
and the underdogs at 30-1 odds will still win 6.17% of the time.
When betting on this field, the expected return on your bet is 191.25%!
This means that a max bet of 10,000 chips will result in an expected PROFIT of 9,125 chips.
This is printing money, if there ever was such a thing.
Optimal strategy for Virtual Horse racing
So all you have to do, is only bet high on the games where you have an expected positive return, and bet the absolute minimum on the games where your expected return is negative. Or back out of the racing game to refresh the field.
If you don't have a way to quickly add up all the percentages, and until somebody shows up here with a neatly formatted table, just use a few general rules of thumb:
-Always bet the maximum on a race with favorites at 2/1 and 3/1 or higher in it.
-Simply skip all races with two favorites at EVENS in it, and at EVENS and 2/1. Or bet the minimum, if you can't skip or refresh the field.
-To decide if you should play races with other favorite combinations EVENS and 3/1, EVENS and 4/1, EVENS and 5/1, or two favorites at 2/1, the payouts on the other four runners determine whether or not it's profitable to play them. The results of betting on these fields vary from an expected 1,330 chip loss (worst-case) to an expected 1,680 chip win (best-case), with a max bet of 10,000 chips.
But if you're not looking for another strategy chart, you might just want to skip these borderline cases, and just cherry pick the best ones, which are easy to recognize, and with which you can never go wrong.
It's difficult to put a number on an expected win-rate, because it all depends on which fields you get presented with, but it's not unreasonable to state that you can maintain a steady win-rate of around 200,000 chips per hour, with about 50 seconds per race.
Remember, you're not trying to win every race. You're trying to win the most money per hour. So don't sweat it when you bet on a 4/1 favorite, and lose a couple of races in a row. It will still be more profitable in the long run. You have the math on your side.
To reduce negative variance, always bet on the favorite, when betting on profitable fields. We're not gambling anymore, we're grinding out a steady profit. We want to keep the swings to a minimum.
I contacted Rockstar support to verify if this is indeed how it works, but the only reply I got after 6 weeks is that they were "looking into it".
User u/Garsant made a useful Excel-worksheet, available for you to download, where you can quickly type in the payouts on the horses, to see if it produces a profitable bet or not. You can find it in his post here: https://www.reddit.com/gtaonline/comments/ekp8na/gta_online_inside_track_odd_calculato
1) Wheel of Fortune
The number one profitable casino game in GTA Online is obviously the Wheel of Fortune, because it costs you nothing to play.
Unfortunately, you only get one free spin per day, but it holds great value, so make sure you do it.
With a chance to win a super car, vehicle discounts, expensive mystery prizes (which also can be vehicles), and a lot of cash and chips, the expected return on a single spin is around $100,000 in value.
So don't forget your daily spin, it's definitely worth your time.
2020 Update:
As of the Diamond Casino Heist update, the Inside Track horse racing is confirmed to still be as profitable as outlined above.The only thing that seems to be changed, is that you can't refresh the field anymore by backing out of the screen. This does affect your hourly rate in a negative way, but does not change the fact that this game has a huge positive expected return, and should be your go-to when you're trying to take money from the house, without having Lester's nagging voice in your ear. That should also be worth something.
And with that, I conclude my 5,000 word essay on gambling in GTA. Questions, comments, feel free to add your input to this guide.
Cliffs:
-Gambling games should only be played for fun, not for big money. You should expect to lose in the long run. The house always wins.
-A casino game doesn't have a memory, and betting systems don't work.
-Set your limits before you start, how much you are willing to lose or win, and then walk away when you get there.
-Don't play slots, roulette, or three card poker.
-Only play blackjack following a basic strategy chart (https://prnt.sc/olct6g).
-Inside Track betting can be played profitably, if you only bet on fields WITHOUT a heavy favorite.
-Wheel of Fortune is always your best bet, because it's a free bet.
submitted by sircore to gtaonline [link] [comments]

Online gambling legislation and regulation. Starting your own gambling product.

Online gambling legislation and regulation. Starting your own gambling product.

Mobile gambling
If you plan to develop an app with the ability to deposit and withdraw real money, then such a product automatically falls into the category of gambling and you will need to license your business for successful operation.
Mobile and Web Based Apps
So let’s talk about the different kinds of online gambling apps available on web and mobile. We’ll be covering both free-play gaming apps and real money casino app games you can find for iOS, Android devices and web browsers.
Mobile gambling is more common for poker, casino, bingo, and skill games. They have advantages in terms of a low barrier to enter the market, instant liquidity, product knowledge, and marketing expertise, minimal infrastructure costs, and the ability to bring a brand to the market quickly. Consequently, this form of gambling does not sit neatly with jurisdictional boundaries. Multiple gambling opportunities are available, including betting on various events and markets, in a relatively simple format. Gambling products can also be integrated into betting on television shows or virtual racing and sports games as well as offering lotteries, bingo, poker and casino games.
Most Popular Gambling Apps
Sports betting, casino, poker and lotteries are the most popular forms of online gambling. However, other forms are available too. These include the following: Bingo, slot machines, different card games, roulette and other game of chance. One of the best things about online gambling and betting apps is the number of choices you have.

Sports Betting

Betting means making or accepting a bet on the outcome of a race, competition, or other event or process, the likelihood of anything occurring or not occurring, or whether anything is or is not true. Today most sports betting is done via mobile-friendly sites and apps.
Today most sports betting is done via mobile-friendly sites and apps.
The introduction of live betting for sports like soccer and tennis means that bettors who are sitting inside stadiums watching games can now pick up their mobile devices and find real-time betting value with the best sports gambling apps. This has really unlocked a door to the future of sports gambling and the popularity of online gambling apps.

Poker

Many sites offer free poker, where no real money is wagered, although in some cases players can accumulate credits that can be exchanged for prizes. This is the case why people are going to play for real money. There is an ongoing debate over whether poker should be classified as a game of chance or skill. The parameters of legal poker playing are still unclear and differ between jurisdictions. Since you are not gambling with money, I’m pretty sure under the law it’s just a video game for now.

Blackjack

Blackjack is the game of choice to many high-rollers and do you know why? Because blackjack is a challenging, logic and skill-based game where your thinking, strategy, and calculations determine the outcome of the game.

Bingo

Bingo is one of the most popular and socially accepted games in the world. Bingo is a traditional form of gambling that has seen considerable innovation in recent years. It is also the only form of gambling recognized in the Gambling Act that does not have a specific statutory definition, the Act providing simply that “bingo” means “any version of that game, irrespective of by what name it is described”. Bingo must be played as an equal chance game. For game to be classed as “bingo” it must meet the Act’s definition of “equal chance gaming” (as opposed to casino gaming). Thus, it: must not involve playing or staking against a bank, and must be a game in which the chances are equally favorable to all participants in the sense that each ticket or chance has the same probability of success as any other.
Licensed bingo is a well-regulated and socially responsible form of gambling that takes place in a safe environment. Many sites offer multiple forms of bingo with different features, types of games, and costs of play. These sites often cater specifically for women and some research suggests that they may appeal to markets who would not typically engage in traditional forms of gambling.

Slots

Slot machine is one of the most beloved game among the gambling community and it has been a part of the industry for a long time. They provide fun and entertainment and their simplicity allows gamers to start playing at once. This can play out in different ways depending on the machine you’re playing. For instance, there’s Pick a Fortune, a five-reel, 20 line game that puts players right in the studio of a television game show, including the potential to play a Deal or No Deal-style bonus round. A super trend over the past few years is mobile-friendly slot games. These apps and websites were developed to enable players to enjoy their favorite games on their smartphones at any time. Another dominant slot trend is licensed branded slots that are based on popular movies, television, and musicians.
Virtual Money vs Real Money
Let’s find out the difference between social gambling and real money gambling, as well as the differences between gambling through apps and gambling through a web browser. It can be quite confusing trawling through all the casinos, slots, and lotteries available, both through your mobile web browser as well as through mobile app stores, in the form of downloadable apps.

Virtual money

The main difference between virtual money and real money gambling is that the in-game virtual currency in social games and gambling-type games is used only like credits that are not paid out as winnings or anything given to player in cash, making these games exempt from gambling regulations.
Virtual money is loaded on user game accounts via in-app purchases in mobile applications or the game balance funding from a card via web based applications.

Real money gambling

Real money gambling via your mobile device is only allowed in countries where laws have been passed that allow for this type of gambling online, or there are no laws in place that prevent it. The payment systems are the legal way of services payment in the gambling app, performing as the intermediary between the gambling facility and the client. With their help, users replenish deposits and withdraw funds to personal accounts in financial institutions. If the application uses the payment system of a well-known brand, that gives players additional confidence in the resource. Nowadays, there is a wide range of payment systems, some of which operate all over the world, other systems are oriented towards the citizens of one or several countries. A number of services accept money of different world currencies, while others allow currency transactions of one state only.
What is an Online Gambling Licensing
The internet has a global audience, there’s no single piece of legislation that covers the legality of online gambling for the entire world. Mobile gambling doesn’t typically accept customers from every single country in the world. It often focuses on certain specific regions.
Instead, most countries have their own local laws that deal with the relevant legal and regulatory issues.
Ultimately, questions of legality all go back to the location of the casino or where the website operates out of. In closed regulatory systems, such as Italy, France, and the Netherlands, licenses, and advertising rights are limited to domestic providers, which must be located within their country’s geographical boundaries and these are only permitted to offer some types of products. Some jurisdictions, for example, Norway, Sweden, and Canada legalize and regulate online gambling, but this is limited to a single site that is owned by the government. Under such an approach, the government becomes the operator and regulator and all revenues are returned to the government.
Remote gambling is generally permitted. That means that an operator that is licensed may provide gambling services to citizens in the country via all forms of remote communication (and using equipment that may be located in the country or abroad). Equally, a remote operator may be licensed to offer gambling services to citizens in any jurisdiction in the world using equipment located in the country. The law provides that, for each type of gambling (betting, gaming, and participating in a lottery), there will be two forms of license available: remote and non-remote forms (land-based). If you provide facilities for remote gambling, online or through other means, and advertise to consumers you will need a license from the licensing jurisdictions or local licensing authorities. Before an online gambling site signs up its first customer, before it accepts its first bet before the first card is dealt, it must be licensed by a recognized governmental entity.
Certain regions in the world have specific legislation in place that allows them to license and regulate companies that operate online gambling sites or provide industry services (such as the supply of gaming software). These regions are referred to as online gambling jurisdictions or licensing jurisdictions.
Depending on what type of entertainment you are going to implement in your internet establishment, you will have to apply for the corresponding permissions. Online gambling laws in Europe vary from one country to the next. The industry is well regulated in some countries and less so in others. There are several online gambling jurisdictions located in Europe. Some of these are members of the European Union (EU), and thus subject to the various rules and regulations of that body, while others are independent. Each of these jurisdictions has an authority that’s responsible for approving gambling sites for licenses that enable them to offer their services legally. They also regulate their licensees.
Countries that Provide Gambling Licensing
Today there are lots of licensing jurisdictions located all over the world and offering different terms for their customers. Depending on the country, licenses can be local, international (distributed in several countries), have a different set of documents for registration, costs of registration and further support, various operating conditions and other special details.

Which gambling license is both internationally recognized?

The government of Ireland offers casino operators, software, and service providers in the gambling industry, with a gambling license that allows gambling operators to conduct business related to casino, lotto, and other gaming-related activities. Ireland Gambling License is one of the most popular license for online casinos worldwide. Ireland has long been recognized as one of the preferred locations for Online Gambling operators to base their operations. This success has been due to a combination of factors, such as a progressive legislative system, political stability, first-rate telecommunications facilities, and a well established financial services industry. A wide range of gambling sites operates out of Ireland including sports betting, casino sites, poker, bingo, and more.
In stark contrast, the UK is the largest regulated market for online gambling in the world, and corporations are already comfortable exploiting the intersections of gambling and gaming, betting in-play, social gaming, Bitcoin, financial trading and spread betting, betting exchanges, e-sports and, most profitably, mobile gambling. 40% and 60% of online gambling in the UK took place in Gibraltar.

International licensing

Europe is home to the following online gambling jurisdictions: Alderney, Gibraltar, Isle of Man, Malta. Malta is currently the country that is most accommodating to gambling companies, and the license offers whitelisted online gambling in sports and casino games in many European territories. But takes an extreme amount of time in paperwork and background checks. Also, you pay 5% of all your gross profit to the EU.
Among countries offering gambling licensing services, the attention should be paid to Curaçao jurisdiction, which is considered to be one of the most promising for the online gaming business.
Curaçao Internet Gaming Association (also known as Curaçao eGaming) is both a regulator and a licensor, and its licensing works worldwide except Curaçao itself, USA, France and Netherlands. Using Curacao as an example, let us examine in detail the process of obtaining a license, the necessary documents and expenses.
How to get a License on Curaçao
  • Documents necessary for company registration:
  • criminal record;
  • passport scans;
  • bank account confirmation;
  • documents proving payments for utility services.
After the company is registered, an operator can apply for the license providing the following documents:
  • a document certifying the right of domain possession;
  • description of games planned to be used in the project;
  • a list indicating countries of potential operation;
  • illustration of server locations to be used in the project;
  • a copy of the agreement with a software provider.
Gambling license cost:
  • Bank account opening $1000
  • Company registration $3600
  • Company management per year $3600
  • Application processing fee $1000
  • License fee per year $4800
  • Equipment/software fee starting from $1500
  • Server maintenance per year $6000
Apart from that pay for technical support and maintenance every year. The entire license issuing process takes between 2-4 weeks. Curacao Internet Gaming Association (CIGA) also has the power to review a license and, if it finds that an operator has breached a license condition, has the power to impose a range of sanctions including revocation of the license.
Apple and Google Gambling Rules
You’ll be surprised at the limited number of real money gambling app options available on the AppStore and Google Play Store. Most real money casino gaming is done through gambler’s mobile web browsers and not through mobile gambling apps that you’ll find for iPhone and Android phones. Apple allows online gambling applications in a few forms, and not just in places where it is explicitly permitted. They do not allow any payments through the applications – those have to be done on the websites. Apple has far stricter developer guidelines for iOS apps than Google does for Android apps, so it’s fine to assume that whatever you choose to download from iTunes is usually safe, secure, and meets a certain standard.
Any real money casino in the iTunes app is required to have proper licensing and permissions before Apple will approve the app for use or downloads. While Google Play is technically regulated, it is much more loose in what can be hosted.

Apple Store

Gambling, gaming, and lotteries can be tricky to manage and tend to be one of the most-regulated offerings on the App Store. Apple has rules for apps that support real money wagering, including sports betting and poker. Those apps and lotteries must have necessary licensing and permissions in the locations where the App is used, must be geo-restricted to those locations, and must be free on the App Store, and Apple rate even simulated gambling apps as appropriate only for users 17-years-old and up.

Play Store

Google keeps the reigns tight. To be able to successfully upload apps to the Google Play store, developers need to have a valid license for the specific countries they are targeting and comply with their regulations. The app must be free to download and must prevent under-age users from gambling in the app. As a final precaution, all gambling apps are required to display prominent information regarding responsible gambling practices. This brings its policy in line with the Apple App Store.
Countries where gambling is illegal
It is also important to remember that while gambling is growing rapidly in many places, in others it is totally or partially prohibited. As well as in the majority of the US, sports betting is illegal in India, Pakistan, and China, three of the largest gambling markets in the world. Most countries have rules against gambling. Almost all Islamic countries prohibit gambling of every kind, but many turn a blind eye to online gambling or simply do not have regulations in place for this grey area.
In the United Arab Emirates, however, any kind of gambling is prosecuted. National lotteries are the only legal forms of wagering on the Asian country’s mainland. Cambodia, North Korea strictly forbids online and offline gambling amongst its own citizens but allows tourists to participate in these activities.
Qatar is the strictest country of all when it comes to gambling laws. All forms of gambling activities are considered illegal, and even sports betting is not permissible.
Starting your own gambling product
Numerous online casino platforms in the market offer fantastic casino games like bingo, poker, roulette, and many more.
If you have an idea, but don’t know where to start, we advise you begin with a Minimal Viable Product (MVP) to pilot your proof of concept for investors. MVP spotlights your core features and lets your investors know there are bigger and better things to come.
For MVP you do not need a large team, just a few people are enough to create a fully functioning prototype. In the case of successful numbers of your prototype, the further development of a full-fledged product will require more team, resources and time, however you will be sure that your development and your costs will pay off.
submitted by Fgfactory_ua to gamedev [link] [comments]

Leo Vegas Canada 200 free spins and $1000 welcome bonus

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Games provided by LeoVegas includes a variety of option for online players. Leo Vegas combines an excellent mobile gambling experience with a massive variety of slot machines and other casino games. LeoVegas Sportsbook and live casino offer additional opportunities for Canadian online players.
LeoVegas was the very first online casino to go mobile. It launched in a cellphone-friendly format years ago and has only improved since – even sporting its gambling app. It doesn’t matter if you play with Android or Apple iPhone (or tablets, like iPad), you’ll always receive a top-notch gaming experience whether you have a super-expensive top-of-the-line iPhone or cheapo Android matters surprisingly little. The games run smoothly on any device, and navigating the site is easy.
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Game Providers

Leo Vegas does not create casino games; they simply have games from various software providers. Top gaming providers such as NetEnt, Microgaming, NextGen, Evolution Gaming, IGT, Play’n Go, and other 34 developers. There have included some smaller-name casino software providers like QuickSpin, Thunderkick, and Yggdrasil. While not as famous as something like Microgaming or the mighty NetEnt, these companies have excellent mobile slots that you need to try.
Play a spin or two (or a few hundred) of Big Bad Wolf, and you’ll find out why we recommend games by these three companies. LeoVegas has some of those legendary slots (Mega Fortune, Mega Moolah and Mega Moolah Isis) with massive progressive jackpots as well. Video poker and table games haven’t been forgotten either-or ‘normal’ jackpot games.

Leo Vegas Sportsbook

Leo Vegas has a Canada-friendly sportsbook where you can bet on all your favourite sports.
LeoVegas hasn’t been in the betting business for long, but it’s already making an impact in Canada. While the LeoVegas Sportbook section doesn’t have quite the same selection of leagues and events as Betway, it does have Leo Vegas’ signature touch: it’s supremely mobile friendly. Betting with your cell phone or tablet is a pleasure, as Leo’s sportsbook is noticeably fast. This is something we’re still not experiencing across the board in 2020!
It’s beyond comprehension how mobile sportsbooks are so slow on many gambling sites, but LeoVegas is a welcome exception to this rule. The quickness matters with live betting especially, now you don’t miss a critical in-play bet just because the website was still loading. You can find a comprehensive array of Canadian sports and divisions at LeoVegas. You can naturally place a bet in the NHL, CFL, UFC, or other big leagues, but they also offer more marginal sports such as horse racing, cycling, or even surfing.
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Leo Vegas Game Providers

Evolution Gaming and Authentic Gaming power the casino lobby at LeoVegas casino website. Game selection is one of the best in the industry. LeoVegas has games from all the best software providers. They have options for everyone. NetEnt fanatics will find Starburst and Creature from the Black Lagoon. You’ll also find classic slot machines like Jackpot 6000 and Mega Joker, Cosmic Fortune, and of course legendary progressive jackpot slots such as Book of Dead and Mega Moolah Isis.
LeoVegas also has feature buy slots avaible. This slot game feature allows you to buy straight into a free spins bonus round. Most of the Megaways slots have bonus buy feature. Money Train (Relax Gaming) and Fat Santa (Push Gaming) slots are also popular feature buy slots you can play at Leo Vegas.
Live dealer games section has a red dog, Live Casino Hold ’em, VIP Blackjack, Caribbean Stud Poker, along with the usual suspects.

Deposits and Withdrawal

Leo Vegas Casino has a lot of payment options to choose from. They have all the most often used bank transfers for Canadians (bank wire transfer, Interac, iDebit, Visa, Mastercard). Also, deposits are instant with every payment method, and withdrawals are relatively quick for all the payment methods. Also, Casino LeoVegas is not a PayPal casino.
However, you’re not able to deposit with cryptocurrencies at LeoVegas Casino. If you want crypto money deposit options, Bitstarz is the best online casino for that. What’s best, we have an Bitstarz bonus promotion for Canadian online players.
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Leo Vegas Casino Review

If you like mobile casino games, Leo Vegas is the best online casino for you. LeoVegas Casino reviews online can be misleading, so please make sure you only trust credible sources like Bonus.ca.
Leo Vegas is the best mobile casino we’ve come across, and that’s a fact. Playing at LeoVegs is fun and easy. You can test the site yourself risk-free by signing up and playing demo for free. If you like what this real money casino has to offer, you’ll get more money to play with when you register your casino account from Bonus.ca.

Leo Vegas – King of Mobile Casinos

Leo Vegas has from the start concentrated on mobile online gambling. You can play all its top casino games on modern mobile devices. Supported devices include all iPhones and iPads, as well as Android phones and tablets. Even Blackberry and Windows phones and tablets are ok. For Android, there’s an optional LeoVegas mobile casino app for mobile gaming. Other than that, there’s no need for casino apps to jump into action on LeoVegas mobile devices.

Leo Vegas Mobile App

You don’t need an app to play.. So, if you have an iPhone, you simply gamble at Leo Vegas’ website. For Android phones and tablets, LeoVegas has an optional app you can download by following instructions you’ll find after registering at the Leovegas mobile casino. However, most players skip downloading the app. It’s a bit cumbersome as it requires changing a couple of Android’s standard settings. Especially as playing on a mobile device works equally well.
Usually, our bonus experts stay with one mobile casino for a couple of days to find out whether there are kinks in the mobile experience. But, we realized LeoVegas is pretty damn good when we noticed our experts had had accounts at LeoVegas for months. The draw here is that besides being technically perfect for Android and Apple devices, the mobile casino has big promotions for existing players. These promos are bound to make you pop back to Leo to play your free spins and other real money casino bonuses.
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Game Responsibly at Leo Vegas Canada

Leo Vegas uses 2048-bit SSL encryption technology. This ensures the best protection of all personal and financial data that you pass on to them. LeoVegas makes sure that you can 100% trust their online casino site, and you feel safe and secure. Just like in all trustworthy casinos, all the LeoVegas casino games from Casino Holdem to Jackpot slots are tested with Random Number Generator (RNG) randomness, and like all trustworthy casinos.
Responsible Gaming is something LeoVegas has taken into account. You can set an account, time, and deposit limits. These are essential tools in ensuring players conduct themselves within their means. You can contact LeoVegas Help Center that has a Live Chat available 24/7 that is eager to help you on anything responsible gambling, games at LeoVegas, or anything else you have in your mind.

Leo Vegas: Award-Winning Mobile Casino

LeoVegas online casino has been rewarded with multiple awards. LeoVegas is already a winner of:
  • ‘Online Casino of the Year’ Global Gaming Awards in 2019
  • ‘Operator of the Year’ EGR Nordics Awards 2018
  • ‘Online Casino Operator of the Year’ International Gaming Awards 2017
  • ‘Mobile Operator of the Year’ & ‘Nordic Operator of the Year’ EGR Nordic Awards 2016
Leo Vegas is reviewed by the UK Gambling Commission and Malta Gaming Authority. If you ever come across with problems, LeoVegas is a responsible casino operator. They have a live chat available at their casino site. Also, you can contact customer support via online or use the chatbot they have on-site. If you prefer talking with a real person, you can contact their 24/7 Customer Support team via email.
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