Thursday, March 18, 2010

How about casinos?

If you have had the experience of playing at "real" (no online) casinos, you may have figured out that they can't be beaten in the long term. (well, blackjack is an exception, hope to post about it soon). Of course, the house has a edge. You go with $100 and get out with $400, in an euforia feeling. But that's not the likly result, you will lose all your money many times more.

Now, online casinos are even worse. For example there's a difference in playing demo vs real. Demo is for you to get attracted to deposit some. But the real problem is the software. It can manipulate the odds as much as they can, more than real casinos, as you will see clearly if the ball falls into black or red, or if the cards at a blackjack table are alright.

So as I said, virtual casinos are even more dangerous.

So what about all this no deposit offers? Usually works this way:
1) You create the account, accept the rules and you're granted from $10 to $500. Then as you start playing you must wagger, say, 10 times the value of the chips you got. AND there's a maximum withdraw (depends on casino but we can speculate with $400).
2) So you want to retire the money. Well, expect to be asked for a lot of id and address confirmation, and even you must take pictures of you with your id, or print the id, put a code and scan it again.
3) Most of them, will require you to make a deposit, for your limited earnings to be accredited with your minimum deposit (around $20). And the sad part, you must wager again.

Ok. One of the main providers of the software is offered by microgaming.com, which hundreds of casino use it's software. This is what they said in a part of their webiste:

"Microgaming is at the forefront of an initiative focused on setting the highest standards in the gaming industry, and leads in the areas of fair gaming, responsible operator conduct and player protection. Microgaming has been awarded eCOGRA’s Certified Software Seal following a rigorous onsite assessment to ensure that the development, implementation and maintenance of the software is representative of industry best practice standards"

The part "leads in the areas of fair gaming" sounds right.

Are there winners in casinos? Yes of course. But it's no likely, i would preffer a lottery ticket instead.

I really didn't have the subject ready this is what I can see now, and i have play in them, I always lose before I wager the necesary times the money.

This post is not definitive. I encourage people to post a comment on your expirences, and I will keep informing on this matter until I make a final "how does it work".

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