Also known as software-based online casino games, the outcome of these games is determined using a pseudorandom number generator (PRNG) software. This is possible as the games are streamed in real-time from a land-based casino or a studio recreated to mimic a land-based casino. Bonus hunting (also known as bonus bagging or bonus whoring) is a type of advantage gambling where turning a profit from casino, sportsbook and poker room bonus situations is mathematically possible. The configuration of these rooms varies from casino to casino, with some having several gaming tables in one room, and some having a single table in each room. In most cases, this requires at least a three-room setup, comprising a live studio, a server/software room, and an analyst’s room. Welcome bonuses sometimes come in packages and may be given to match the first two or three deposits (First Deposit Welcome Bonus, Second Deposit Welcome Bonus, etc.).
Online casinos are broadly divided into two categories based on the software they use: web-based and download-only casinos. There are two types of Referral bonuses: one for the Referee and one for the Referrer. The Referee gets a bonus when he or she registers an account at the casino and mentions the Referrer. These wagering requirements are commonly set to be sufficiently high that the player has a negative expectation, exactly as if they had deposited and not claimed a bonus. The most popular form of bonus is one that can be claimed without the need to deposit any of the player’s own money – known as a no deposit bonus. These bonuses are a form of marketing that may incur a cost (potentially justifiable in order to attract a new player who may return and deposit many more times), since the casino is essentially giving away money in return for a commitment from the player to wager a certain minimum amount before they are allowed to withdraw. Download-based online casinos require the download of the software client in order to play and wager on the casino games offered. Since all casino games have a house edge, the wagering requirements ensure that the player cannot simply walk away with the casino’s money immediately after claiming the bonus.
However, usually, the player has to trust that the software has not been rigged to increase the house edge, as its inner workings are invisible to the user. However, this exodus did not last long in most cases as the benefits outweighed the stumbling blocks, due to the UK being a major market for online gambling. However, it does not define the legality or otherwise of an internet-based gambling site. In the United States, the legality of online gambling is debated and can vary from state to state. In the case of televised games, players can often use their mobile phone or television remote controls to place bets instead of doing so via a computer connected to the internet. The new regulation required operators to pay a 15% Place of Consumption Tax (POCT), something that triggered an exodus of sorts of some operators from the UK Isles. In June 2016, the South Australian Government became the first state or territory in the world to introduce a 15% Place Of Consumption Tax (POCT) modeled on the 2014 UK POCT. The Welcome bonus is a deposit match bonus on the first deposit ever made in the casino or casino group.
For example, the house edge in blackjack is roughly 0.5%. If a player is offered a $100 cashable bonus requiring $5000 in wagering on blackjack with a house edge of 0.5%, the expected loss is $25. Cashback or Insurance bonuses are offered as a percentage of all losses in the player’s previous gaming activity. The most common live dealer games offered at online casinos are baccarat, blackjack, and roulette. Live dealer casino games are the complete opposite of software-based games. In comparison, the running costs associated with virtual games are very low, and it is not uncommon for online casinos to offer hundreds of different virtual casino games to players on their site. In addition, online casinos may offer comps such as free tickets to online tournaments, free slots online, tickets to other special events, extra bonuses, souvenirs, and payback. This example is equivalent to returning 0.3% of wagers on slots and 0.1% of wagers on blackjack. This software ensures that every deal of the card, the outcome of a dice throw, or the results produced by the spinning of a slot machine or roulette wheel is totally random and unpredictable.
