Managing Your Finances When Gambling

Situs joker123 is one of the leading online gaming casinos having about 450 games on its site that people could play on any mobile platform. Additionally, this site provides a wide scope of winning for both professional and beginner gamblers, as well as offers long-term and regular players the chance to get huge rewards as an extra advantage.

Although gambling could be very lucrative, there is always a possibility for you to lose all your winnings, or worse everything that you have, particularly if you don’t have self-control and the capability to recognize that you might be risking way too much..

Managing Your Finances When Gambling

The best way to avoid such circumstance is to enforce a certain boundary on your self-indulgence and make sure these limits are strictly followed. Whether your aim is to make a living by being a professional gambler or simply want to gamble for amusement, you have to ensure that you are spending within your means. Below are two things that any gambler could and should follow to protect yourself from unhealthy gambling habits.

Have a Personal Gambling Fund but Give Priority to your Savings Plans

If you find yourself wanting to gamble more than once a year, you ought to create your personal gambling fund and to gamble using only that money. For instance, you could start by putting in $20 a week. How much you put in is actually up to you, however remember that this isn’t your priority, as your priority should be your savings plans. Moreover, make sure that these funds are kept separate from your household, emergency funds, and savings.

Provided that you live within and not more than your means, you must always remember and be able to save money. This is actually the way to financial success – spending less than what you earn. Saving for gambling has to at bottom of your savings priorities.

Gamble With a Budget and Stick to That

No matter how much you have in your gambling fund, you must always have to put a budget when gambling. For instance, if you have $500 in your discretionary funds and you could manage to lose $150 at the casino, then put that as your budget. If you lose all your budget, don’t pulling out more.

On the other hand, if you are able to win more than what you have budgeted, you have to know where to allocate these winnings. For example, you could repay or replenish your gambling fund, or add to your long-term savings and emergency funds.

The ideal budget for gambling is one that you don’t have to complete as a lifetime financial goal. When and if you win when gambling, you still have to manage your winnings. However, the most significant part of keeping yourself protected when gambling is setting realistic limits and expectations that you could live with. In doing so, it wouldn’t matter whether you win or lose when gambling. What would really matter is how much you have enjoyed the game of chance.

Casinos: Is it a Place where You Lose Money or Receive Free Stuff?

Casinos of today’s time are more of an amusement park. Only in this case, it is specifically designed adult audience in mind and played indoors. Not to mention, it is partnered with countless entertainments to keep everyone occupied and forget the passage of time.

While lighted fountains, musical shows, luxurious hotels, shopping centers as well as elaborate themes are all helping to appeal to guests, casinos would never ever be complete without their popular games including but not limited to:

  • Keno
  • Craps
  • Roulette
  • Blackjack
  • Baccarat
  • Slot Machines
  • Video Poker

And mind you, all these games can accumulate a grand total of billion-dollar profits annually. This is in the United States alone.

Just like any other Place

Plainly speaking, casino establishments are like public places in which there are countless game titles to be chosen and gambling is the main activity that people can be engaged in. Casinos usually add tons of other amenities and facilities to keep attracting players which include free drinks, dramatic sceneries, stage shows, and live events, restaurants, and so on.

Casinos are able to generate profits due to the reason that each and every game offered has built-in “house edge”. This edge may have small or big percentage over its players but in the long run, with the millions of bets placed by its patrons, this “percentage” all adds up and help generate millions in profit for the casinos.

The BIG Vig

The casino’s advantage is otherwise called as Vig, shortened for Vigorish or rake. The exact figure will be based on how players are playing the game and whether the casino has a different set of payouts for slot machines or video poker.

What is “Comps”?

Now basically, “comp” is the free service or goods provided by casinos to its loyal or good players. This will vary depending on where you play because technically, the comp you get from a land-based casino will vary from an online casino site like pkvgames.

On the other hand, please be reminded that from the casino’s viewpoint, good players are those who are spending lots of money on their games. People who tend to place big bets or spending much of their time on slot machines. These players typically are entitled to free dinners, hotel rooms, ticket shows, a limo ride, and so forth. It is safe to say that this “comp” is simply the casino’s “compensation” for the player’s losses.

The Line Between Gaming And Gambling Is Fading

Because it is not enough to earn enough from selling game apps alone, manufacturers try to pull money out of their customers’ pockets through virtual use. Gaming is increasingly becoming a game of chance – with serious consequences.

Video Games and Gambling – When Does a Game Cross the Line? – Extra Credits

Kensgold is 19 years old and addicted to gambling. However, he does not satisfy his addiction by going to casinos, he plays on the computer. It started with game apps, it went on with video games, at some point he couldn’t do without it – and gambled away all his money.

“When the worst happened, I had two jobs and even considered dropping out of school,” says the gambler. He has verifiably spent $ 10,000 within two years – and all this on micropayments, so-called microtransactions.

The principle is Pay2Win – pay to win – and it’s the best running business model in the industry. All Pay2Win games will then work: downloading the game from the Google and Apple app stores costs nothing, the entry hurdle for new players is very low.

Billions in sales with mini payments

If you want to progress faster in the game, you can buy the progress. In the popular mobile game “Clash of Clans” you can buy virtual jewels that cost real money. Whoever purchases gems in the game pays at least 5.49 euros, an entire virtual box costs a whopping 109.99 euros.

In theory, the use of play money is voluntary, but in practice, you can buy superiority in the game. The players not only pay when buying the game but are always asked to do so, sometimes very bluntly – namely when they want to win. It is no longer a skill, reaction time, a strategy that counts, but your wallet.

The fact that the computer game industry has changed fundamentally can not only be seen from the increasing number of pixels on the screen. The gamblers used to shoot from angular weapons at even more angular opponents, today most games seem almost film-like. What you don’t see, however, is that the industry is currently softening the line between gaming and gambling.

The line to gambling is fading

A study by three researchers from the University of Hamburg. They compared the business models and sales figures of classic lotteries, casinos, and sports betting (on sites like live casino) with those of game apps, browser games, and classic console games.

The result: the distinction between gambling on one side and video game on the other is obsolete. Instead, gambling apps are increasingly found in gaming apps. Classic games of chance increasingly appear like harmless games of skill.

This is also shown by the industry indicators that the researchers evaluated in the study. Sales from the sale of computer and video games have been falling steadily since 2008. At the same time, however, the income from microtransactions in online and browser games is steadily increasing.

With Pay2Win games alone, the providers of apps generated sales of around eight billion euros worldwide in 2016. For 2017, the researchers expect sales to increase by almost 30 percent to more than ten billion euros.

How to Spot Welcome Bonuses

When you first sign up in an online casino the very first thing that comes in your mind is the casino welcome bonus. However, if you are not looking so much then you might hard it to find to spot it.

Basically, a welcome bonus is a type of bonus that is given to new players or by the time you sign up. It can either be in a form of free cash or free spin, or it can also be enough chips to get you to start a game.

Some casinos might not have this, however, most legit online casinos do! It is also best to make sure that while you are signing up in a new casino online, see to it that they are giving casino welcome bonus not just for your benefit but also to help you check if the casino is legit or not.

Getting to Know About Welcome BonusOne of the best things about online casinos is that they offer a welcome bonus. Which non-online casinos or in-store casinos do not have. Basically, these bonuses serve as a headstart for you to start an actual game, or try free spin perhaps.

1. Play in a Legit Casino Website

First thing first, you need to make sure that you find a good website to play with. Don’t just settle for casinos that you see online, but make sure you make a thorough research on it. How legit it is and basically feedbacks from previous players.

Word of mouth is good too!

2. Sign up, and Cash Out

Basically upon signing up and you already have a bonus with you, it is time that you take the chance in cashing out it. Basically, you will have to spend it in a game first— you can take sins and save the rest for cashout.