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Basics Of European Online Gaming Licenses

2020-05-11

Basics Of European Online Gaming Licenses

If you’re interested in online gambling casino in Europe, there are strict rules and even guidelines for restricted access. Although anyone can start an online business; there are responsibilities and standards that must be first be addressed and adhered to before a license is obtained. These standards are set forth by the European Committee of Standardization. It may sound scary and a bit gruff, but the purpose isn’t punishment. It’s to establish the same rules for all online gaming operations, for consumer protection. First off, Europe is comprised of 27 individual countries. At least some of these countries have instituted their own laws and governing legislation for the online gambling industry. Officially, Europe is known as the European Union (EU). The countries fall under the jurisdiction of the European Gaming and Betting Association (EGBA). In a nutshell, business owners are required to obtain a license in order to operate a legal online gaming casino. The responsibilities of the EGBA are to ensure compliance to keep the industry free from unsafe gambling practices, criminal behavior and fraudulent activities. The main agencies that issues licenses for online gambling in Europe are the Isle of Man, Alderney, Gibraltar, and Malta. These agencies are responsible for fair practices as set forth in written policies, known as “Responsible Remote Gambling Measures.” Even if an agency issues licenses, it must first receive an approval rating to operate. This is referred to as being, “white listed.” So, in accordance with opening an online casino, it’s preferable to only apply for one with a white listed agency. Each agency has its own jurisdiction. For example, Alderney issues licenses for the entire British Isles. These are also called the Channel Islands and the licenses are issued independent of the UK. However, online gambling casino services are available for all residents of the UK. A lot of European online gaming casino operators prefer to use Gibraltar. Gibraltar is the world’s largest and most well known licensing agency. It’s also like Alderney and is independent of the UK’s jurisdiction. This is just a fancy way of saying that the licensing agencies have their own self-regulating committees. There's a main governing body, the United Kingdom Gambling Commission, which is responsible for white listing the licensing agencies. So when it comes to licensing demands for operating an online gambling casino in Europe, the owners must first find out the compliance rules and the issuing agency. Then check to see if separate jurisdiction has also been granted to the individual country. It does sound complicated, well it is to a certain degree. That degree depends on the knowledge of the entity wishing to start an online gaming website. Why? Because there are seven different types of licenses available including a remote gambling license and a gaming machine license. In order to comply, the owner has to know what to apply for and the requirements that must be fulfilled. In other words, each agency has their own licensing rules, which adhere to a much larger framework. There’s no way around licensing, it simply isn’t wise to side-step the process and run an online gaming casino without one. The legal ramifications could be severe, with possible imprisonment or a steep fine for unethical practices. Even after a license is issued, online gaming casinos are monitored for compliance. Failure to comply could result in revocation or suspension of the gaming license. It isn’t safe to gamble on a site without a license. Because this means a lack of any consumer protection. So, if you’re ripped off or suspect fraudulent gaming practices; as a player you wouldn't have any legal recourse. Licensing means fair gambling practices and the site follows regulations set forth by the issuing authority. A license means that the online gambling site will treat all players/customers fairly and won't try to purposefully defraud. With that being said, before you join a new online casino, always check the licensing first, before you make an initial deposit. If you find a site without a license, they are willfully running an illegal operation. In most cases there are smaller jurisdictions and then a larger international governing body.

Microgaming

2020-05-11Microgaming’s Quickfire Platform rolls out gaming content with PokerStars, which is great news for Microgaming. PokerStars Casino is without a doubt one of the most successful online casinos in the modern world at present. In terms of sheer growth, it's actually hard to compete with a casino like this one. As such, the fact that this partnership agreement was so successful is good news for Microgaming.

The 3/2 Is All You Need

2020-05-11Due to all of the casino strategies out there, players may feel perplexed. Perhaps, they feel as though they do not know which one to pick. In fact, many players consider them to have a placebo effect on their bets. However, a few good betting strategies do exist. With no further ado, one of the most prominent betting strategies includes the 3/2 betting strategy. Moreover, numerous variations of roulette exist. These include the European and American versions, respectively. Depending on the variation, players have the option to choose between 37 or 38 pockets. This would explain why numerous players place their bets on as many numbers as they possibly can. Moreover, some players feel as though they would have a better chance if they cover each pocket of the wheel or bet an equal amount on Red or Black. However, nothing could remain further from the truth. Should a player choose to do so, they would lack the ability to win. Moreover, this remains why most players search for a betting system. They do so because they want to maximize their profit and decrease their risk altogether. Henceforth, many of them utilize the 3/2 roulette betting system. Due to its effectiveness, the 3/2 betting strategy helps players reach their betting goals. In fact, most players consider the strategy beneficial because it provides them with the opportunity to cover as many pockets of the wheel as they can without risking too much. This remains why players consider the 3/2 roulette betting system as relatively more flexible in comparison to other roulette systems. Also, the fact remains that it gives players the opportunity to keep their bet sizes consistent. Moreover, players have two options when it comes to playing the 3/2 betting system. The first method remains for the player to bet two units on the second column of numbers and also bet three units on the Red section. The second alternative remains to bet two units on the third column of numbers as well as three units on the Black section. Regardless of how players choose to play, they would have the opportunity to bet a 3:2 ratio on both a color and a column. Choosing between the two betting options remains the only requirement. However, players should decide how much money they would like to wager. The fact remains simple. The 3/2 betting system allows a customer the ability to cover most of the numbers on the roulette table. Moreover, this remains a great advantage when compared to other systems. In addition, the strategy vastly improves a player's chance of winning. The only premise of the 3/2 betting strategy remains to allow a player's wagers to fit as many pockets on the roulette wheel as they can. This remains the reason why the number of outcomes that could result in winning greatly increases. This means that players have better chances of winning against the roulette by fitting about 70% of the wheel.

Everything you need to know About the Betting Strategy 'Negative Progression'

2020-05-11Obtaining the best possible chance over beating the house can be simple yet risky. Betting systems have been put in place for decades, however common negative progression methods may just be the best way to increase your odds to win. All negative progression methods are strategies that are typically designed under all of the same guidelines. Simply put, all have the player increase their wagers after a hand is lost. Some negative progression methods such as 'Martingale', 'D'Alembert' and the 'Fibonacci' all have such similarities. However, choosing which one works best all depends on the player and their bank roll. For instance, the Martingale has the player not only increase but doubles their bets after every loss. This usually equates to players needing a pretty big sum of money in order to use this strategy appropriately. Unlike the Martingale, the Fibonacci uses a similar method but doesn't double the bet after the first loss. It actually has the player follow an interesting mathematical sequence (1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144). For example, if you bet $20 the first bet your following bets would look like this, (20$, $20, $40, $60, $100, $160) etc. All that is happening here is you're multiplying the first initial bet by each number in the sequence stated in order. Negative progression relies on the fact that after generating a loss, a win in theory should have a higher chance of happening. This progressive tendency makes the Martingale have an edge while on a losing streak. The higher a losing streak becomes allows the chances of a win soon to come. It is this 'factual assumption' that can make this way of betting dangerous. All-though math dictates after losing a hand should increase your chance to win the next is true, players assume this advantage and can turn a player bankrupt. Is gambling this way worth it in the long run some players may wonder? It just depends on how lucky you truly are. Of course, negative progression has some sort of fact bearing evidence behind it that points to being a relatively wise way to gamble. But players all around the world have seen detrimental losses gambling like this. Just because you flip a coin ten times doesn't make it impossible to land tails all ten times. If a player decides that this way of betting is how they want to play, finding what betting strategy best suites them is important. Gamblers should be aware of the possibility of landing a losing streak, and incorporate that into deciding if negative progression is really the right way to play.
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