Launching an Online Casino Business

In an effort to operate and run a gambling business, there are 3 things that have to be taken into consideration to obtain a license and any online casinos secured one like judi online. These will significantly vary on the approach to regulation as well as jurisdiction.

In reality, there are couple of approaches when it comes to regulation and these are:

  • Principle based approach and;
  • Rules based approach

This results to having different types of regimes. Thus, the cost structures in order to acquire and to keep a license will vary as well. As for the former, it has a tendency to have more expensive entry while rules based approach is often associated with higher operation cost.

3 Elements of Applying a Casino License

As mentioned earlier, there are 3 things to be considered when obtaining a license and the following are the following:

Number 1. Process of Application

Majority of the license applications are associated with expensive advisor/legal bill in which the size will vary on the applicant and how sophisticated the business is. There’s going to be legal disclosure that is required on directors as well as business owners. At the same time, you’ll be required to present a business plan and to demonstrate how you’ll be addressing key regulatory requirements including but not limited to:

  • Safe custody of customer funds
  • Anti-money laundering and;
  • Social responsibility

On top of this would be the cost of technology and the hosting provider which might be an expensive and time-consuming process.

Number 2. License Itself

The license fees have the tendency to reflect the government’s fiscal attitude than the regulatory regime itself. To give you an example, license in Alderney have a fixed rate which will vary on the size of your business and they are not charging gambling tax onto the revenue. But for this license, you are most likely looking at 75,000 dollars worth of fee on the licensing annually.

Others similar to Gibraltar will have minimum fee of 105k dollars on 1 percent of the casino’s revenue all the way to 515,000 dollars annually.

Number 3. Compliance

This particular cost element is typically disregarded which could be painful on the end of the casino owners. You have to find out how much it’ll cost you in retaining your license per year. The cost of compliance report consists of monthly data to regulator, inspection cost, ongoing certification of new game titles and having a random number generator reseeded and to be recertify regularly.

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How to Spot Fake Online Casinos

Since the heavy competition is present in the online casino world, almost every site is also offering free spins just to say they are legit. However, here are the top 3 tips on how you can fake casinos offering dodgy prices, and pirated games.

 

Unlicensed Online Casino

Just like in a real-life casino, online casinos must also have an operating license to prove they are legit. License is mandated around the world for all countries having online casinos. Although a site can still be legit even without a license, just to make sure you must ensure you are with a more trusted site that could show that they are licensed.

Scandals 

You can simply search the name of the site and see if there are any scandals posted or reviewed for them by their players. This can be a good thing to spot whether or not they are legitimate or they are a fraud. 

Most fake casinos don’t pay winnings or don’t give the bonuses players have won. Meanwhile, if you spot a well-reviewed casino and have been running for years with a good reputation then that should a go signal.

Mode of Deposits

Now, here’s the most tricky part, most online casinos partners with Paypal because PayPal doesn’t just partner with any brand or company online. So if you see a Paypal option, basically that online casino may be real and legit.

However, the easiest way to identify if the site is fraud or not is the lack of options to deposit. If they only have one option to deposit, then that means they maybe are fake. Casinos should be able to give multiple options to deposit. There should be at least one credit card, PayPal, bitcoin, money transfer, or a prepaid voucher system.

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Effective and Easy Poker Tips

Online poker is just one of the many things you can take have as a job online. Today, these four quick tips will be of help to make sure that you are doing right at getting a good and valuable return on investment and making rounds of money on the table.

Let’s start….

1.Study the aspects of the game

Study all aspects of the game. You must be a guru at gambling. It’s not just enough that you know the game, you know how to play it, you know the basics and the rules. It’s best that you scrabble more of it and do a lot of research.

2. Prove you’re a winning player

Winning once is not an ideal reason to declare that you’re an expert. Before making online gambling as a way of living, you have to first prove to yourself that you know how to be a profitable online poker player. That you know the tricks, the ways, or the techniques on how to rule the game and turns tables and favors.

3. Be a realistic player

Now be realistic, it’s best for you to try and figure out how many hands or tournaments you will need to play and win in order to match your previous salary. Having poker gambling as a way of living is definitely different than those of your previous job. You need to make sure that you are really realistic at choosing it.

4.Act Professional

It is quite definite that you must have a professional attitude towards the game, even if the tournament is played online. One way to know that you are being professional is that you are disciplined. And you have to keep that up every single day. 

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How to Play Sicbo Betting on Live Casino Online

Sicbo is an online casino gambling game that uses dice as its gaming tool. In this game, players will be given time to place bets on the city table. And if your guess is correct, then you will receive a fee according to the amount and type of bet at stake. Sicbo live casino online betting is a game that is very well-liked by the Asian community, especially in Indonesia.

How to play Sic Bo

This game has many types of bets.

  1. The column chooses a single dice if you want to guess one dice from three dice that are shaken randomly. Then choose column number 1, for example, you choose the dice numbers 1, 2, 4, and from 3 dice and if 1 dice appears with 4 then you win. You don’t have to put up only 1 number, you are free to specify how many types you want to enter. And your winnings will be paid according to the amount wagered. For example, each bet is worth 50, then it will be paid 50 according to your bet.
  2. This type of dice column 2 is similar to 1 or a single dice column. But guess 2 different dice at once from 3 different dice. For example, you choose numbers 3 and 4, then look for images that have images with the same number. So if 3 dice appear are 3, 4, 6 then you win and the winning money will double 5. For example, enter 100 and multiply by 5, then it becomes 500.
  3. The betting column for a number of dice or a single number must guess the number of results from 3 dice. So when choosing, you must determine how many dice appear. Then add up, then select the number, and if when shaken the numbers appear according to your choice, then you win.
  4. Each number of dice has multiple values that are different from the number in the number of digits. For example like 4 which has a multiple of 1/61, then your bet will be multiplied by 61 if you win. If you choose value 7 with 50 and the dice that appear 1, 2, 4 then add up to 7 then you win and your money will be multiplied by 12 to 600.
  5. Small and Large Bets is a column provided for players who want to guess a small or large dice, not the size of the dice, but the sum of the three dice. Small has a value from 4 to 10, so if the number is below 10 then Small wins. Likewise, if the number is above 10, including Big, because of Big consists of numbers 11 to 17. Then the winnings will be paid according to your bet. For example, placing 50 then if you win then you will be paid 50.
  6. To choose 2 twin dice, like the picture above, there are twin numbers like 1 1, 2 2, 3 3, 4 4, 5 5, 6 6. So if you bet with the twin dice at number 5 and the dice that comes out 5, 5, 6 then win the game for 2 twin dice and the money will be multiplied by 10. For example, placing 50 will be multiplied by 10 to 500.
  7. Choosing 3 twin dice, similar to guessing 2 twin dice. But this guesses 3 twin dice at once. There are options 1 1 1, 2 2 2, 3 3 3, 4 4 4, 5 5 5, 6 6 6 is an option that can be chosen by the player and for the winning money multiplied by 180. So if the bet is 50 and multiplied by 180, will to 9000.

If interested in Sports betting, you may head to a trusted sportsbook agent online, dewa303. On the site, you will also find many live casino games that you can participate in.

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