What Backs a Bitcoin?

If you are like most of the population, you have heard of Bitcoins, but don’t truly understand their worth. I did not know either. You have probably seen that a few places you normally shop are now accepting them. There are Bitcoin sandwich shops, bars, and even a Bitcoin casino bonus. In an attempt to stay current and assuage my confusion, I decided to get to the bottom of this Bitcoin business. In this article, I will share my initial understanding and provide an overview of what backs this up and coming “new money”.

As you probably guessed, either from the name or the fact that businesses are starting to accept them, Bitcoins are a form of currency. But it’s not “real money”, right? I mean, paper money and quarters and dimes are “real money”. However, paper money and actual coins only represent value. But what value to they represent? Let’s look at the U.S. Dollar.

Some opponents of Bitcoins say that it has no value because it’s backed by nothing. One could say the same about the U.S. Dollar. Once upon a time, the value of the U.S. Dollar came from the precious metal that backed it. However, the Gold standard was abandoned in the U.S. in 1933. The silver standard was abandoned in 1968. The value of the U.S. Dollar is now only worth the goods and services for which it can be exchanged and that value is a loose equation relating to government spending and Gross Domestic Product. In this system, the Federal Reserve can print money whenever it feels it needs to, thereby messing with the value of our dollar, a.k.a. inflation.

So, what backs a Bitcoin? Technically…nothing. But, as you can see, that is exactly the same story with the U.S. Dollar. The interesting thing is that Bitcoins can’t be “printed”, or released into the economy whenever some organization (FRB) thinks it’s a good idea. In fact, there will only ever be 21 million Bitcoins in circulation. Instead of the Federal Reserve Bank being solely in charge of the financial books, the people of planet Earth are in charge. Bitcoins are released into the economy and the ledger is managed by computers all over the world. Most of these computers are owned by regular folks who have installed software to “mine” for Bitcoins. Their computer’s mining software keeps the world’s ledger up to date and in return, those folks are rewarded with fractions of Bitcoins. Bitcoins are only released into the economy at a set rate, regardless of how many people are mining. The idea is that nobody can cheat the system, saying they have more Bitcoins than they actually do, because the algorithm just won’t allow it.

Some say these characteristics make Bitcoins the wave of the future, and a viable and stable global currency. The Gold and Silver standards have been abandoned and the public’s faith in our government is at an all time low, so there are many people who would embrace a private currency that is free from government regulation. However, some say that Bitcoins are a flash in the pan, and they’re only popular until the next virtual currency is developed. Those same people say that the value of Bitcoins is volatile and our reliance on it will cause our economy to crumble. I assume that similar arguments came into play when our current currency was introduced, and when we stopped backing it with gold, and again when we stopped backing it with silver. I guess the real hang up stems from the fact that it is a private currency, not associated in any way with the U.S. Government or federal banks. I guess only time will tell.

One of the most important things to consider when signing up at real money US casinos or any gambling sites online is what kind of bonus you can get when you sign up. Find everything you would want to know about the different type of signup bonuses at signupbonus.org.

Types of Online Gambling Bonuses

Almost all online gambling sites provides signup deposit bonuses to entice more people to join and continue to play on the site for real money. Bonuses at gambling sites are a great way to get extra money to play with.

The sites above list the best online gambling bonuses we know of at real money online gambling sites, more specific info is below. We are also working on a page dedicated to gambling bonus codes, stay tuned.

Types Of Bonuses At Online Gambling Sites

You can get a bonus at online gambling sites for depositing money, referring a friend, or playing at a certain time or on a certain day. In some cases top online gambling websites will offer a free no deposit gambling bonus, but it’s important to note that sometimes there is difficult requirements attached with cashing out any winnings.

Online Gambling Deposit Bonus

Most online gambling sites, like bodog casino, feature welcome bonuses that reward players for joining and depositing money on the site. The welcome bonus matches a certain percentage of the money that you initially transfer to the gambling site of your choice.

The percentage of your deposit to online gambling websites that is matched can range from 5% to 500%. You usually will not receive your full bonus instantly. Instead, you will slowly unlock your welcome bonus as you play different games for real money at your best gambling site.
You will be able to track how much of your bonus you still have to unlock in the cashier section of the gambling site that you play at. You will almost always have a limited time to unlock your full online gambling bonus. You will lose any portion of the bonus that you are not able to earn before the time period is up.

The best online gambling sites give you several easy online gambling deposit options so that you can fund your account and get your welcome bonus. Most gambling sites allow you to transfer money to your account using bank transfers, credit cards or an e-wallet service.

The amount of time that it takes for your money to be transferred depends on the site that you use and the deposit method that you employ. You will want to make sure that the gambling site you use offers some type of encryption. Encryption will help reduce the likelihood that your personal information is stolen.

Online Gambling Refer-a-Friend Signup Bonus

Another common cash bonus at the best online gambling sites is the refer-a-friend bonus. A refer-a-friend bonus will give you extra cash for telling your friends about the website.

You will be awarded a predetermined amount of money when your friend signs up at the site. Your friend might have to deposit money or play a certain number of games before you are awarded your gambling bonus with real money you can play with.

This is done to ensure that your friend is legitimately interested in joining and playing at the gambling site. As an extra bonus, your friend will be given some extra cash for joining as a referral.

Online Gambling Daily Bonuses

Many of the top rated online gambling web sites also frequently give you gambling deposit bonuses for playing on a certain day or at a certain time.
Gambling sites use bonuses and incentives like this to generate more traffic during times that generally do not feature a lot of users. You simply have to play a game on the site during the timeframe listed to receive your bonus. These are some of the best bonuses available because you really do not have to do much to get your bonus.

You might have to rearrange your schedule and play at an online gambling site during a time that you usually do not. However, this is a small inconvenience for the amount of extra money that you receive.

NFL Football Betting

NFL football betting sites do have quite a few things in common, but there are things that will make one sports betting site stand out above another, and we are going to look into that a bit more in-depth. Let’s break down not only the football betting sites themselves, but also the different football betting options that you have at NFL gambling websites.

NFL Online Football Betting: Types Of Wagers

The most common type of NFL bet out there is a point spread bet. A point spread bet in sports betting is when there is a line set on the game, which is based on how heavy of a favorite one team is over another.

For example the Dallas Cowboys might be -5.5 over the Cleveland Browns, which would mean that in this bet if you took the Cowboys, they would have to win by more than 5 points.

Another popular type of football betting is a total bet. A total bet is when you bet on the projected total points between both teams. So in the same game listed above, the total might be set at 44.5, meaning that you can either bet that the total points will go over 44.5 or under 44.5. The odds on both of these football bets will be right around even, and only vary a little.

The other types of online football gambling and betting options are money line bets, futures bets, and prop bets. All of these bets will have varying lines depending on which side is favored.

In a money line football bet, you are simply selecting which team you think will win the game, with odds that vary depending on the side that you bet.
A future bet/wager offers multiple different choices on a specific bet (example being who would win the Super Bowl), and each team will have higher or lower odds depending on which team is favored. Prop bets are offered by each specific game normally.

NFL Online Sports Betting Sites

While football gambling is one of the most popular sports bets offered out there, there are a few top notch sites for football betting. When you are looking for the best sports gambling site, you need to find a site that offers consistently updated lines, fast payouts, great bonuses, and easy withdrawal options.

When we searched for a site that offered all of these options, we were able to break it down to three specific sites. Bodog, Intertops, and BetOnline are all excellent options for NFL football betting.

All three of these sites payout very quickly, and have bonuses that are top notch. Bodog offers a bonus of 110% on up to $1100, Intertops offers a bonus of 100% on up to $100, and BetOnline offers a bonus of 100% on up to $900.

Each site also has gotten excellent reviews in terms of their quick withdrawals as well. If you are looking for a top notch NFL football gambling site, be sure to check out one of the three sites listed above.

Up to the minute action is usually found at the ESPN NFL page or the official NFL football page itself. You can also get up to the minute superbowl betting information at Bovada sportsbook.

Bodog sportsbook Review

The minute you visit Bodog sportsbook you will see that it is dedicated to offering those involved in sports bets with everything they need in order to place their bets with confidence. This site is not only inviting, but also loaded full of news and information that keeps players informed and on top of what is happening with the sports they are interested in.

This sportsbook is one of the most recognizable in the industry and once players see it they will know why this is. From the moment players log into their account here they are invited to access plenty of information and take care of their bets in a secure manner knowing they are doing everything on a very popular sports betting site which is already trusted by many.

Bodog is one of the leading Canadian sportsbooks for betting on NFL games. You can check out their NFL Betting Lines to see the odds for each of the games for that upcoming week. These lines are kept up to date from the time that the oddsmakers open the lines on Tuesday morning until right before kickoff for each game.

At Bodog, you can even place bets live during the game. The In Play section of the sportsbook will offer selected live betting NFL games where you can make wagers on adjusted betting lines or place team or player props during the action.


Bodog sportsbook offers players an abundance of bonuses that are both very exciting and generous. There are deposit bonuses, loyalty bonuses, big money contests, bonus bets, and many different types of fantastic promotions. In fact, this sports betting site is known for being one of the best in the entire industry when it comes to offering bonuses that can really help players come out ahead and have extra money to work with.

When new players make their first bet here they get to enjoy a free bet with the bonus that allows them a 100% bonus of up to $100. Another thing that is refreshing about this site is it provides players with all of the information they need in order to take full advantage of a lot of rewards and other benefits.

Customer Service

Bodog sportsbook has put a lot into offering players an environment they will feel secure and comfortable on. This can be seen in many ways; one of them being that there us 24/7 support available so players won’t have to wait to get answers or any other help they need when they are on this sportsbook. They can get help through email, phone, and by using the convenient live chat feature accessible on the site. Players will see right away that the customer service representatives at Bodog sportsbook have all been trained well. They do a fantastic job of helping players with any and all of the issues they come up against while they are on the site.

Deposit/Payout Options

When players go to make their deposits and withdrawals they need to feel secure with the method they are using. This is why so many have an extra appreciation for Bodog sportsbook. This sportsbook makes sure to cater to players needs in every way possible and that includes offering them trustworthy and reliable banking options. Some of the banking methods include personal credit and debit cards, pre-paid cards, Western Union, bank wire, and cheque. New players will appreciate the fact that the site provides very direct instructions for making deposits and requesting payouts.

Bodog sportsbook is one online sports betting site that players with all different sports wagering interests can count on to cater to them. This is one of the reasons why it has become one of the most preferred sites on the Internet. This sports betting site covers just about all of the major sports, as well as other events. Plus, players also have the ability of going to the casino and poker section when they feel like playing exciting online casino or poker games. From start to finish this site caters to players in just about every way possible.

Early Season College Football Betting

With the college football season underway it is a good time to discuss how to approach the early part of the season. I will be the first to admit that college football betting is exciting, and no matter who plays the first game we will want to be in action. We need to be careful though. Early season college football betting is exciting, but it is also dangerous.

The early season college football lines put out by sportsbooks are usually weak. The problem for us as bettors is that we don’t know always know where the weakness lies. In college football there is no preseason, and teams come into the season with a lot of question marks. The lines are based on last year’s results, returning starters, etc.

The problem with all of this is that the information is weak. We don’t know how the new players on the teams will perform. We don’t know how the players will react to a new season. It is all a guessing game between the linemaker and the bettor in the early part of the college football season.

Very often in the early part of the college football season the bettor could have more information than the bookmaker. Lines are very soft in the early part of the season because no one really knows how the teams will perform. The “wise guys” will often hammer games early in the college football season because they believe the information they have is better than what the linemaker has. Very often that is correct. For instance, the Bovada NFL lines tend to be much closer than the NCAA lines early on in the season.

Big line moves early in the season will very often go the way of the bettor. The linemaker catches up quickly, however; so don’t get too carried away. The other end of that spectrum is that sometimes the information is just not strong enough early in the season to justify a big play. Wise guys will sometimes pound a game based on information that they think is good. Sometimes it is strong but sometimes it is not. It is best to be a little careful early in the season even though you will see a lot of line movement.

The best advice for the early college football season is to pick your spots. Limit your plays to your very strongest. Later in the season you will have many more chances to play a lot of games on the card. Stick to your top information plays early in the year. I have found that to be the most successful early season strategy. I like playing a lot of games later in the season but really like to focus on strong information plays early on. Remember that the college football season stretches well into November. Don’t get carried away early in the season. Keep your focus, limit your plays, and be around for the rest of the season.

Latest Sportsbook Promotions

If you are looking for a bonus that allows you to bet on sports, you should take a look at Bovada Sportsbook. They are currently offering a 50% Free Bet Bonus that can win you up to $250. This bet can be used on any sport, wager type of odds. If you win this bet, there will be a rollover of 3x on both the initial deposit and the Free Bet amount. The winnings from the Free Bet are issued as the bonus.

If you are already a member at Bovada, you can try their “Survive the Season” (NFL) or “Survive the Semester” (NCAA) bonuses. In order to qualify, you must bet a minimum amount each week on the NFL (for Survive the Season) or NCAA (for Survive the Semester). You will either get a $50 bonus when you bet $25 or $250 when you bet $100 every week.

Bodog Casino’s Gambling Bonus

Bodog casino is the place to go if you want an easy to use casino site that has more than 130 games available. Bodog is one of the best online casino Canada has to offer. They offer casino games from both the Real Time Gaming software and Betsoft Gaming. This includes the best of the Real Series video slots and the 3D slots as well.

Players are able to indulge themselves in – blackjack, European blackjack, baccarat, various versions of roulette, Caribbean stud and more poker games, video poker, over 100 different slots and specialty games like bingo, scratch cards and keno. But that is not all that will await you when you join Bodog online casino. Read on to learn more about this gambling venue.

New Player Bonus

Bodog offers 2 different bonuses for up to $600 combined to new customers that are making their first deposit to play the casino games. In order to claim either bonus, you must use a Casino Code that you must enter in the Redeem Casino Code page of the Cashier.

The first bonus is a 100% match up to $400 to play any and all of the slot machines. Enter the Casino Code WELCOMESLOTS and deposit between $50 and $400 and you will receive a bonus that matches your deposit. This bonus is designed to be used with the video slots. Any play on other games like blackjack aren’t forbidden, but you will not receive any credit towards the wagering requirement in order to be able to cash out. There is a 25X rollover on the deposit and bonus combined. If you deposit $400, you will have to wager ($400 + $400) X 25 or $20,000 before the bonus terms are completed.

The second bonus is a 100% match up to $200 to play on most of the table games that are offered at Bodog. Use the Casino Code WELCOMEGAMES and deposit between $50 and $200 and you will receive a match on that deposit. This bonus is designed to be used with table games such as blackjack and casino poker as well as video poker. Wagers on slots, single deck blackjack, double deck blackjack, baccarat, craps, roulette, sic bo as well as the blackjack game in the poker client will not count towards the rollover. There is a 40x rollover on the deposit and bonus combined for the table games bonus.

Game Selection


Like all good online casinos you will be able to play the latest games as they are added to the website. These games include – single and double deck Blackjack and slots with titles like – Gladiator Wars, Boomanji, Invasion and SuparPop! While you are on the website you can easily see which are the new games as they will be highlighted.

Big Jackpots and Progressive Games

If you are the type of person who is looking for that huge jackpot prize you will be pleased to know that there are many different progressive jackpots at Bodog. The games that have these jackpots include – Caribbean Stud, Shopping Spree, Mid Life Crisis, Let ‘em Ride, It’s Good to be Bad, I.R.I.S. 3000 and more.

Bodog Casino Rewards

While playing on the site you will want to know how you can make yourself some free casino money. All good online casinos will offer players the chance to do this and Bodog is no different. There is a Bodog Casino Rewards section where you can get special comp points that can be accumulated to receive cash rewards.

When you play slot games, you will receive 2 Casino Points for every $10 that you bet. When playing blackjack and most other casino games, you will receive 1 Casino Point for every $10 that you bet. Single and Double Deck Blackjack earn 1 Casino Point for every $25 wagered. When you receive 100 Casino Points, you will receive a free $1 Casino Chip. The chips will be converted into cash and placed into your account every second Friday.

Super Bowl Gambling Bonuses

It’s just about that time of year again. The NFL is gearing up for the Conference Championship week this weekend. This will determine the match up for the 2014 Super Bowl in a little less than 3 weeks on February 2, 2014. The Super Bowl is the largest single sporting event in the sports betting calendar. There will be millions of dollars in play and all of the sportsbooks will want to get a piece of the action.2014-superbowl-48

While many of the online sports betting sites will not advertise their bonuses for betting on Super Bowl, you will begin to receive promotional emails over the next couple of weeks for any sportsbook that you have signed up for in the past. If you have never signed up at an online sportsbook, now is the time to do so. You will want to be on the mailing list in order to receive the sportsbook bonus or promotional offers that are going to be offered for the big game.

The most common bonuses that will be offered will be deposit bonuses and reduced juice offers. The deposit bonuses will be between 20% and 50% of the amount that you have deposited. This bonus will have a wagering rollover, or the amount of times that the bonus money must be wagered before the terms of the bonus have been fulfilled. The reduced juice offers will be available for some or all of the wagers that are placed on the Super Bowl. If the sportsbook has a normal juice of 10%, the reduced juice rate would likely be 5%. This will give you better overall odds on spread, money line, and totals wagers.

The Super Bowl is, well, the Super Bowl of betting and the Super Bowl of advertising in addition to being the championship game of the NFL season. That means that any sports betting site worth its salt will be offering some kind of promotion. Even though there is a huge volume of wagers being placed on this one single game, these websites have to compete in order to get gamblers to make wagers placed at their sportsbook.

How do I know which sports gambling bonus to take?

If you are only planning on betting on the Super Bowl (you aren’t planning on betting on the conference championship games, the NBA, the NHL, NCAA, etc.), then you should start your search after the conference championship games are over. The opening lines will be available within a couple days after the Super Bowl match up is set. You are going to want to see the initial lines that are offered by 5 or more of the sports betting sites. These lines are going to open relatively close together as they will all go off of the official Las Vegas oddsmaker’s betting lines.

After these lines open, you will want to follow the movement of these lines. Let’s say that Seattle plays Denver as is the expected outcome. The line will probably open with Seattle as a 2.5 point favorite. Some online sportsbooks will offer a 2 point line and some will offer a 3 point line. These sportsbooks are looking for early bettors to take advantage of the early lines before one side of the line gets bet up.

As the line is bet up in favor of the favorite or the underdog, the spread or the betting line will move. If Seattle starts at -3 (-115) and Denver starts at +3 (-105), people may start to bet on Denver. When that happens, the line will first move to Denver +3 (-115) and Seattle -3 (-105). If enough people are still betting on Denver, the spread will move down to Seattle -2.5 (-110) and Denver +2.5 (-110). This process may continue as the sportsbook will want to try to even out the amount of money being gambled on both sides of the line.

You may want to make your decision early in the week leading up to the Super Bowl. If you are going to bet on the favorite to cover the spread, try to find a sportsbook that either has the lowest spread (closest to 0) or find a sportsbook that has the best odds (such as +105). If you are betting on the underdog, look for the opposite spread (furthest spread from 0) along with the best odds for that side. This is where comparing between 5 or more sites will help you out.

From there, you will want to find a gambling bonus that doesn’t have a lot of restrictions. If you are forced to rollover the bonus amount more than 2 times, you will need to bet on other sporting events before you can collect your money. The best offers for those who don’t bet very often will be to find sites with reduced juice for the Super Bowl.

If you are going to bet more often outside of the Super Bowl, you should find the best couple of websites that are offering cash bonuses for a percentage of your deposit amount and find the sportsbook that is offering the best lines for your picks. Since you will be betting on other games, you won’t have to wait for months or an entire year to be able to cash out the money.

Suggested Website to Check Out

Here are some websites to check out: bovada.lv; intertops.eu; 5dimes.eu; sportsbook.ag; betonline.com; justbet.cx; betlm.eu; sportsbettingonline.ag; topbet.eu.

Online Slots Bonuses

Many times, a slots bonus and an online casino bonus are the same thing. The casino websites all offer slots and most of them offer some kind of welcome bonus to new players. Any bonus that is offered at an online casino will include slots. These same bonuses may not include wagers on other games like blackjack, craps, roulette, video poker, etc.online-casino-slots

So, what makes a good slots bonus. If you are looking to just play slot machines, you will want to find a slots only bonus. These bonuses have better terms and conditions than most of the All Casino Games bonuses. The average slots bonus will generally have a rollover between 20 and 25 times whereas the general casino bonus will have a rollover between 40 and 60 times.

If you were to deposit $500 and receive a 100% match, you are talking about the difference between wagering ($500 + $500) x 20 or $20,000 and ($500 + $500) x 60 or $60,000. Obviously the All Casino Games bonus will take you 3 times longer to complete than the Slots bonus.

The other main advantage is that some of the slots bonuses are cashable. That means that you can withdraw the bonus money after completing the wagering requirement. Almost all Casino Games bonuses will not be cashable. This will only be an option for those bonuses that are less than $200 or a match percentage of 50% to 100%. Anything larger than $200 or a double match bonus of 200% is almost always going to be a bonus that can only be used to increase your bankroll.

How to Use a Non-Cashable Bonus

This is also called a “Sticky Bonus”. It is specifically used to give the player an extra bankroll. A Bankroll is the money that you have in your account. This is what prevents you from going broke and having to make another deposit. You need to have a plan in place to manage this bankroll.

Traditionally, managing a bankroll means placing loss limits and setting a betting unit. This works differently in slots than a lot of other games because of the number and frequency of spins. If you start with $1000, you should make sure that you average unit size is 0.1% to 0.5% of your total bankroll. This would make your typical unit size $1 to $5.

You don’t want the unit size to be too large or else you will find yourself running out of money rather quickly. You also don’t want your bet size so small that you don’t get paid when you hit a big payline. The worst thing in the world is hitting a 100x or more payout when you were only betting 10¢. Congrats on getting paid $10.

However, you will want to change your bet size accordingly when you are doing well or doing poorly. If you hit a big payline and your bankroll goes up to $1500, you should be betting at least $3 to $5 per spin. You will have several hundred spins before you will be back down to even where you started and that gives you a ton of chances to hit another big payday.

If you are losing money, you will want to scale back your betting accordingly. If you are down to $800, you will want to start lowering your bets and try to win through a war of attrition. You don’t want to increase your bets because by the time that you hit a big payout, you will probably not get back to even. At $800, you should be limiting spins between 50¢ and $2 until the paylines start to hit again.

If the reels just aren’t hitting and you get down to $500, you have a decision to make. Do you try to burn through the rest of it and get a chance to make your money back, knowing that you are probably due for a big hit by now or do you lower your expectations and grind through the smaller victories? This completely depends on whether you are a tight or loose player. Will it matter to you that you will need to make another deposit? If it does, play even more conservatively. If it doesn’t, go back to your original wagers and try to get a big hit.

When it comes to which slots you should play, just remember that the more bonus features offered (wild symbols, scatters, free spins, bonus round, instant wins) the less the paylines will hit. These bonus features will often have wins that are between 10x and 50x the total amount of your current spin; but you should be looking for the big wins of 100x or more on the reels. You will find that you will make more money if you play the slot machines with less of these features.

Slots Bonus to Try

Slots.lv offers a total of $5000 over your first 10 deposits into your casino player’s account. Each of these are a 100% match up to $500. They offer over 120 different slot games including the Real Series Slots by RTG and the 3D Slots by Betsoft. There are also plenty of classic 3 reel slots and 5 reel video slots that you can play.

You can either download the Slots.lv casino software or you can sign up online and play the instant games from your web browser. Once you register a player’s account, go to the Bonuses section of the casino lobby. Enter in the bonus code HELLOSLOTS before you make your first deposit. Once you make a deposit, you will receive a 100% match up to $500. This code can be used a total of 10 times!

There is a 25x rollover requirement before you can request a withdrawal or use the bonus code again. If you deposit $500, you will be required to wager ($500 + $500) x 25 or $25,000 on slots games before the terms of the bonus have been completed. If you have less than $1 left in your account, the rollover requirement will be terminated and you can use the bonus code again.

The one good thing about this bonus is that you can play the other casino games if you would like to. However, the wagers placed on these games will not count towards the rollover and will not get you any closer to completing the bonus terms. Some other casinos will terminate you slots bonus if you attempt to play other games.

Online Bingo Bonuses

Bingo is yet another form of online gambling. As weird as it sounds, it is set up most similarly to online poker. The reason that I say this is that neither bingo or poker websites benefit from the player losing money. Each person is playing and wagering against the other people who are participating in the game.online-bingo-bonuses

The way that poker sites make money is by charging rake or a small fee on each hand dealt. The other way that they make money is by charging an entry fee for players to participate in tournaments. This is the way that bingo sites make their money. Instead of charging a fee to enter a bingo room, a percentage of the overall jackpot will be contributed to the house.

If bingo halls could make every player a winner, they would. There is nothing for the bingo website to gain by a player losing all of their money. In fact, this will make it much more likely that the player will leave and go somewhere else. That is why most, if not all, online bingo halls offer some kind of bonus to give the players extra tickets or cards and extra chances to win a line.

How Bingo Bonuses Work

There are a couple of different ways that these bonuses can work. This is based on the type of bonuses that you are receiving.

First, there is the no deposit bonus. You will usually receive about $5 or £5 in your bingo account for signing up. This type of bonus is generally just a way to give people the experience of participating in a bingo game before they have to make the commitment to spend money. This type of bonus will not be able to be withdrawn from your bingo account; you will be forced to purchase bingo cards or tickets. Any money that may be won will be subject to a rollover before the money can be taken.

Next, there is a new player bonus. This is a bonus that is offered to a person who is signing up and depositing for the first time at a bingo site. Most websites offer this type of bonus. You can click here to get the bingo bonus offered by William Hill. Most of the time, the new player bonus will be in one of two forms.

1) Spend ‘X’ amount of money in the bingo rooms and you will receive ‘Y’ amount of bonus money. For example, William Hill offers £40 free when you spend £10 on bingo tickets.

2) You will receive a ‘X’ percentage match on the amount that you deposit. For example, if you deposit $100 and receive a 100% match, you will start with $200.

There will be a rollover requirement with either type of bingo bonus. You will be required to wager between 2 times and 5 times the amount of bonus money that you receive. Many times, you will not be able to place wagers other games that are offered, including slots, video poker, blackjack and other casino games, using the bonus money. If you are allowed to play these games with the bonus, the rollover is generally between 15 times and 30 times the bonus money you receive.

Finally, there are reload bingo bonuses. These are loyalty bonuses that are offered to current players who have an account at a bingo site. Many times, this can be as simple as offering a free bingo room where current players can win money without purchasing a ticket. Other times, you will receive a bonus code which will allow you to receive a percentage match bonus on your next deposit. The same rollover rules apply.

Beware of these Bingo Bonuses

Any bonus that offers you more than $100 or £100 is likely going to have a high rollover at the very least. At worst, these types of bonuses have restrictions that make it nearly impossible to win money.

I have personally seen one of these large bonuses in the past that had some weird rules buried in the terms and conditions. This one specifically said that a customer could not cash out until they had lost some of the deposited money. The bonus money is used first, so if you won anything with the bonus money, you would have to play until you were below the break even point.

You will want to read the terms and conditions very carefully before you accept a bingo bonus. The ones that are worth more than $100 or £100 and have a match percentage higher than 100% are the worst ones to accept. If you want to be able to play for an incredibly long time, these bonuses are great, unless you actually want to be able to withdraw winnings from your account.

Reasons to Gamble Online and Other Interesting Info

Now that the Internet has been around long enough for most people to feel comfortable transacting business of all sorts on it, many things in life have been somewhat simplified. Now we can pay bills, shop for just about anything from food to homes and cars, meet new people and hundreds of other things that we used to have to travel to accomplish.casino-gambling

So what does this have to do with the typical shrewd gambler? Instead of getting in the car and/or flying to your favorite casino, you can now play all of your favorite casino games from the comfort of your own home. With the growth of the Internet comes the growth of online gambling casinos. This offers many potential benefits to gamblers.

  • You now don’t have to have any travel expenses to gamble.
  • You don’t have to worry about travel arrangements like booking flights and hotel rooms.
  • There is no one to tip, so you save money that way also.
  • It doesn’t matter what time, or even what day, it is. You can gamble at an online casino any time and any where you can find an Internet connection.
  • You don’t have to worry about anyone else in the casino.
  • All of the casino games are available to play for free. This is a big advantage because it lets you learn and enjoy new gambling games at your own pace without risking any money.

Of course with advantages there often come a few disadvantages as well. There are a few things that you give up when gambling online instead of at your local casino. Some of these will be more important to some people than others, it is up to you to decide if they are important to you.

  • No free drinks.
  • No interaction with other people at the casino.

In addition to that, being able to gamble really fast means it doesn’t take long to make bad decisions from getting frustrated and losing a lot of money really quickly. Even when you play roulette, blackjack, craps or other table games at the casino, you will always have at least a minute between hands. This gives you a little time to calm down between bets. However, people who get frustrated like this aren’t likely to calm themselves down, even over the course of a minute or two. If this sounds like you, step away from the table or computer and calm yourself before you make bad decisions while gambling.

Chasing is the most often way to lose money quickly. You are never due to win. You can always go on a 7 or 8 turn losing streak. Practice money management techniques to try and give yourself a cool head while playing any casino game. Proper money management technique involves never wagering more than 5% of your total chips on any one bet.

How to Win at Casino Games

Standard deviation is how you win at casino games. Obviously you don’t lose $5.28 every time you bet $100 on a roulette spin. You either win $100 or lose $100 if you bet red or black, in fact. The house edge is a long term mathematical fact, but in the short run, anything can and often does happen.

The Difference Between the Long Run and the Short Run

Any given gambling session can be considered an exercise in the “short run”. In other words, statistically speaking, to get to the point where you’re looking at a significant number of events or outcomes, it will take a LOT of them. More than you’d make in a single session, even if you’re playing long and hard.

Standard deviation is nothing more than the difference between the actual outcome we experience and the expected outcome based on the probabilities. The smaller the data set, the bigger the standard deviation. And generally speaking, as the data set gets larger, the standard deviation gets smaller.

Flipping Coins

If you flip a coin 100 time, you would expect to get 50 heads and 50 tails. But if you actually flip the coin 100 times, you’ll likely see very different results. But flip a coin 1000 times, and you’ll see something closer to 500 heads and 500 tails, but still, probably not exactly that amount.

But the difference will be smaller.

And that’s where the casino makes their money. A small casino might serve 5000 customers in a day, and a larger casino might serve 50,000 casinos in a day. Multiply that by 365 days per year, and the casino is going to see numbers very close to what they would expect.

But the individual players will see radically different results based on how much action they’ve put in. The less they’ve played, the further from the expectation they might get.

In the short run, you can win, or you can lose. But in the long run, you will invariably lose to the casinos. The longer you play, the more money you will lose. That’s mathematical reality.

No big deal. You’re paying for entertainment, and it’s fun, and you might hit a jackpot. And casino gambling beats the hell out of lotto tickets. The house edge on THAT gem of a game is 50%, which makes one question why casinos are illegal and the lottery is legal and state-run.