Online Casinos--A very profitable business
November 14th, 2009 at 2:38:00 AM
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Talk about a dream business to be in---This is it!
Think about it:
----Software for all the games is a purchased item. Yes it is expensive but compare it to real tables and slot machines and the maintence required on those things
----No Brick and Mortar casino needs to be built--a huge savings.
----Very few employees needed. All that's required is an 800 number for issues and the customer service people to handle the calls---a few software people, small promotion and accounting departments and perhaps a few administrative folks
----At brick and mortar casinos most folks withdraw their funds when finished for the day. Online the majority of people leave their money in their accounts for months or until they lose it all. Can you imagine the millions of dollars that are just sitting there collecting interest in some money market fund!
----No comps are issued for shows or dinners etc but the online folks probably spend an eqivaletnt amount or even more on promotions. They do a lot of $ matches when you makea a deposit and do have lots of other promtions. Seems like there is something running all the time.
----Because you can play for fun or for dollars they get a lot of people trying new games who might otherwise be intimidated or embarrassed trying it at a brick and mortar casino.
I suppose their biggest difficulty is competition. It doesn't seem like a hard business to enter and would seem to require only a small amount of capital to get into it.
All and all it seems to me it would be a great business to be in. But of course we in the U.S. cannot particpate stating one because of the legality of gambling here. What a shame. The Europeans have really foxed us on this.
Tommy B
Most seem to be very honest and their games are on the up and up from what I can see.
You might want to try the free play (which is legal in the U.S.). It's a great place to practice different gambling strategies and get immeadiate feedback on them.
Regards
Zippedup
Think about it:
----Software for all the games is a purchased item. Yes it is expensive but compare it to real tables and slot machines and the maintence required on those things
----No Brick and Mortar casino needs to be built--a huge savings.
----Very few employees needed. All that's required is an 800 number for issues and the customer service people to handle the calls---a few software people, small promotion and accounting departments and perhaps a few administrative folks
----At brick and mortar casinos most folks withdraw their funds when finished for the day. Online the majority of people leave their money in their accounts for months or until they lose it all. Can you imagine the millions of dollars that are just sitting there collecting interest in some money market fund!
----No comps are issued for shows or dinners etc but the online folks probably spend an eqivaletnt amount or even more on promotions. They do a lot of $ matches when you makea a deposit and do have lots of other promtions. Seems like there is something running all the time.
----Because you can play for fun or for dollars they get a lot of people trying new games who might otherwise be intimidated or embarrassed trying it at a brick and mortar casino.
I suppose their biggest difficulty is competition. It doesn't seem like a hard business to enter and would seem to require only a small amount of capital to get into it.
All and all it seems to me it would be a great business to be in. But of course we in the U.S. cannot particpate stating one because of the legality of gambling here. What a shame. The Europeans have really foxed us on this.
Tommy B
Most seem to be very honest and their games are on the up and up from what I can see.
You might want to try the free play (which is legal in the U.S.). It's a great place to practice different gambling strategies and get immeadiate feedback on them.
Regards
Zippedup
November 14th, 2009 at 3:35:10 AM
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IMO you have to be nuts to gamble online in the U.S. Your money is readily accepted but payouts are problematic. Perhaps it is possible to get around things by using a Canadian bank etc. but I start to get uneasy with all that.
Anyway, I am firmly determined not to gamble online with anything similar to Casino games, such as slots or table games.
I have considered gambling on sports online. I would really like to do so, but the above problems stop me. Plus, you know if there is any validity to the discouragement we see from the government in the U.S. it is actually related to gambling on sports and horses, as that was the original law way back, that you couldn't do this interstate. [from my understanding]. So that gives me pause too.
Anyway, I am firmly determined not to gamble online with anything similar to Casino games, such as slots or table games.
I have considered gambling on sports online. I would really like to do so, but the above problems stop me. Plus, you know if there is any validity to the discouragement we see from the government in the U.S. it is actually related to gambling on sports and horses, as that was the original law way back, that you couldn't do this interstate. [from my understanding]. So that gives me pause too.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
November 14th, 2009 at 7:39:18 AM
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Believe me I didn't say people should do it. All I meant was that it's got to be a very profitablle business for those who get into it. I do use their facilities to practice for my trips to the real casinos here and I have found that to be a huge benefit to me. I was always to scared to walk up to the craps table because I thought I would get embarrassed (and probably lose my ass) because I really had had no experience with the game. Now I play it all the time at Harrads and have done quite well based on the for free tutoring at the online casinos.
I do know people who do play for money online and I asked them about getting their money back and most said they had no problems. It probably depends on the casino though and it might be difficult to know the good ones from the bad ones.
I do know people who do play for money online and I asked them about getting their money back and most said they had no problems. It probably depends on the casino though and it might be difficult to know the good ones from the bad ones.
November 20th, 2009 at 3:36:12 AM
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Any casino that advertises on the Wizards main site is reliable. The Wizard personally vets all casinos that advertise through his site before he will let them advertise.
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November 20th, 2009 at 5:39:13 AM
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Quote: CroupierAny casino that advertises on the Wizards main site is reliable. The Wizard personally vets all casinos that advertise through his site before he will let them advertise.
All the casinos that advertise through his site? Last I checked he only advertises bodog :)
So I says to him, I said "Get your own monkey!"
