The Future of Bitcoin and Gambling

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Bitcoin is no longer some secret wonder, understood only by the chosen few. It has become blatantly clear that crypto-currency is here to stay (regardless of which currency takes the top spot).

Thanks to the fundamental properties of Bitcoin, this currency is ideal for online gaming, and has been used to make millions of wagers to date.

6 Ways to Spend Your Winnings if You Hit the Jackpot at the Casino

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Image via Flickr by ReubeInStt

 

Dreams sometimes do come true, and if you’re on your way to Vegas or Atlantic City you need to have a plan in place in case your ship comes rolling in. Allow yourself some daydreams along the trip and create a game plan for your earnings.

1. Set Goals for the Winnings

Winners can blow any amount of money. Consider William Post, who won over $16 million, and now survives on Social Security. Determine how much you’ll allow yourself to blow, how much needs to go into savings for the future, how much you want to set aside for heirs, and how much you’ll donate to a charitable cause. Commit to what you truly want the winnings to mean in the long run. 

2. Pay Off Debt First

A common mistake by winners is to blow the money on all the fun stuff, and neglect to take care of the financial obligations they held when they first won. The first thing to do with winnings is pay off every debt you owe, including the home, cars, credit cards, student loans, and any unpaid tax debt. Then you can start your new life fresh, and creditors won’t spoil your fun with harassing phone calls — or worse — lawsuits.

3. Make Solid Investments

Invest the money you’re setting aside for the future in an FDIC secured account, such as a Certificate of Deposit at a bank. The federal government guarantees FDIC accounts, meaning you can get your money back (up to a certain amount) from the government if the bank goes under for some reason. Other investment opportunities are available, but are less secure. For example, investing in stocks can bring huge returns, but there is also a chance you’ll lose some or all of your investment if the stocks fail to perform.

4. Give to Charity

Many winners give some of their winnings to causes close to their hearts. For example, if you’re passionate about helping the homeless, saving animals from abuse or euthanization, offering opportunities for abused or neglected children, or protecting abused women, consider giving a sum to organizations serving the cause you most admire. Most of these charities operate on donations alone, and a significant lump sum can considerably help their ability to serve.

5. Decide Who’s In

Unfortunately, friends and family members begin crawling out of nowhere and trying to get their hands on the money you win at the casino. Before you win is a good time to decide who you do want to share with, and who you don’t. Remember, this is your money and your decision. Don’t let people who would ignore you if you didn’t have the money wiggle their way in to take the money. Never fall for guilt trips or sob stories, because you’ll hear as many as you’re willing to listen to until you realize the money’s gone and you didn’t enjoy any of it.

6. Allow Yourself Some Spontaneous Spending

Wisdom in spending and saving is important, but so is having some fun. Don’t be such a miser that you won’t afford yourself a few well-deserved spending sprees. After you’ve paid off your debts, invested, and showed your generous side, indulge in a beautiful home, a spectacular vacation, or a super cool car.

What’s the point in winning if it’s all work and no play?

6 Ways to Make Money With Your Money

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Image via Flickr by LendingMemo

 

As the old saying goes: you have to spend money to make money, and there are many ways to make cash out of your coinage. However, not all moneymaking schemes are created equal. Read on to learn all about the practical and fun ways you can spend to save up over time. Here are two ways to make money broken down: investing and gambling, with six ways total.

Investing

Investing is a more pragmatic means to an end. Although it isn’t a failsafe, it still offers some security – it’s just not as fun. Consider the following ways to invest money to make money:

1. High Yield Bonds – A high yield bond, or a certificate of deposit (CD), is a method of tying up money that results in earnings over time. A financial institute typically requires a starting balance to open a CD. The duration of deposit could be anywhere from a few months to several years depending on the investment of your choosing. Each CD offers a different compounded daily amount that accrues over the CD period.  

2. Retirement Funds – Investing in your retirement may not payoff right away, but it’s a smart way to invest for the future. Types of retirement funds include 401K, IRA, Profit-Shares, Employee Stock Ownership Plans (ESOPs), and more.  

3. Mutual Funds – A mutual fund is generally managed by a broker. It involves grouping your assets with a sum of funds from other investors. According to the Wall Street Journal, “The underlying logic of mutual funds is that they provide diverse investments — in stocks, bonds and cash — without requiring investors to make separate purchases and trades.”

Gambling

Gambling, both literally and figuratively is slightly risky business, but the payoff can be huge. Plus, it’s a lot more thrilling than dealing with a stuffy broker. Consider the following ways to gamble money to make money:

4. The Lottery Depending on how often you play, the lottery can be a fairly inexpensive way to gamble your money and possibly make money in the near future. Forbes notes, “the odds of winning the big jackpot are ridiculous (1 in 259 million for the Mega Millions lottery),” but that doesn’t mean you can’t try.

5. Online Gambling – Online gambling offers a better return on investment (ROI) than the lottery – plus it’s a lot more fun to play. The interactive aspect of gambling ensures you have more control over your fate. So play to win and your money just might grow.

6. The Stock Market The stock market is definitely a figurative way to gamble. If you play it by yourself, there’s no assurance that you’ll win. There’s also no real guarantee that a broker can increase your returns either, but at least you can make an educated bet. According to CNN money, when you invest, you’ll want to differentiate stock decisions by, “company size (measured by market capitalization), sector, and types of growth patterns. Investors may talk about large-cap vs. small-cap stocks, energy vs. technology stocks, or growth vs. value stocks.”

How do you spend money to make money? What’s your favorite investment? Share your thoughts in the comments below.

5 Things to Buy With Your Casino Winnings

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Image via Flickr by djandyw.com

Everyone rolls the dice with dreams of hitting the jackpot. They know there’s every chance that they might be like Peter who won more than $38 million, the biggest ever progressive jackpot, playing online slots. They could be the next Archie Karas, who turned just $50 into $40 million during a lucky streak in Vegas. What would you buy if you enjoyed that type of windfall? These luxury items deserve a place on any wish list.

1. A McLaren P1 Supercar Sets the Standard

Most instant millionaires want to park a sports car in their garages. A Ferrari perhaps or a Lamborghini? But these vehicles pale in comparison with the McLaren P1 supercar, a high-speed sportster which comes with a hefty $1.15 million price tag.
You get serious guts for your money though because this powerhouse reaches 62 mph in less than three seconds and tops 124 mph in less than seven. With just 375 made, you’ll enjoy knowing you’ve got the only one in your neighborhood.

2. Wear Wealth on your Wrist with Hublot BB Watch

You can keep your Rolexes. For real luxury you’ll want to wear this Hublot BB watch. BB stands for Big Bang, a fitting moniker considering the impact of this diamond-encrusted timepiece.
Its 1282 gemstones were hand selected from all four corners of the world for their quality and clarity. Together they total more than 100 carats, which is just the right amount of bling for a big winner to wear. It’ll set you back a cool $5 million.

3. Buy Tropical Bermuda Private Island

Most people dream of taking a tropical vacation with their winnings, but if you win big, you need not ever come home. Perot’s Island, on Bermuda’s beautiful Riddell’s Bay, is one of many Caribbean islands for sale.
The 8.16-acre isle features a lavish seven-bedroom stone manor house with two swimming pools, a tennis court, private beach, a jetty for your yacht and parking space for six cars. You could live there and enjoy a permanent island getaway for $15 million.

4. Have Fun with a JetLev Water-Propelled Jetpack

The tropical waters of Bermuda seem like the perfect place to put a JetLev water-propelled jetpack. Most people couldn’t justify dropping $68,500 on a toy like this, but a big casino win allows you to be a little frivolous. Its creators insist it’s so easy to get the hang of their R200x that you’ll be able to fly solo in mere minutes.

The Jetlev R200x’s 255 hp engine helps it generate more than 500 lbf of thrust, which is more than enough to satisfy thrill seekers. Its fuel capacity of 26 U.S. gallons lets you zoom around for an hour at full throttle, or two to three if you take things a little easier.

5. Fly Into Outer Space

If Bermuda doesn’t seem far enough away from your everyday existence, perhaps a trip on Richard Branson’s Virgin Galactic is in order. The British tycoon will commence flights into outer space later this year. The two-hour trip will take you more than 62 miles above the earth, where you’ll experience the wonder of weightlessness. You can reserve your seat in space alongside celebs like Tom Hanks and Angelina Jolie for $250,000.

So don’t be afraid to dream big, because you never know when Lady Luck will smile on you!

5 Ways to Keep Your Information Safe When Gambling Online

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Image via Flickr by jeff_golden

There are a lot of perks to online gambling like ease of access, playing from the comfort of your own home, and the ability to play games for free. Unfortunately, there are a few things you need to be careful with, like keeping your personal information safe from thieves. Here are a few ways to keep your information safe when you gamble online.

Check the Fine Print First

There are a lot of online casino gaming sites available, but not all of them are safe or even legal. When you find a site you’re interested in, make sure there is a terms and conditions page to look at. It may take some time to read through it all, but it could save you a lot of trouble in the long run.

If the site doesn’t have a terms and conditions page, that’s a red flag. Another thing to look for is a license. Not only are licensed sites more reliable than the others, they can usually offer you a bigger payout as well.

When checking the credentials of a site, be sure you understand their payout system as well. Money is usually transferred via PayPal, bank transactions, or money transfers. If a site charges you for these transactions or limits the amount you can withdrawal, it’s best to avoid them all together.

Be Careful With What You Say

If you’re playing in a room with people you’ve never met, small talk is likely to happen. In the heat of the game you may not notice what information, or how much of it you’re giving out. Try to avoid talking about anything too personal, this includes your full name, where you live, or where you work.

There are a lot of very clever thieves out there who can gain access to your credit cards, bank information, and personal information from a few minor details about your life.

Never Connect to Unknown Wi-Fi Hotspots

One of the best parts of online gambling is the freedom to play anywhere with your phone or mobile device. But if you’re going to play in public, be sure your connection is secure. If you’re in a caf

café, ask an employee for the Wi-Fi name. People can sometimes set up fake hotspots with a variation on the name of the café you’re in and get into your information once you connect.

Make sure your firewall and virus protection software are up to date before venturing out with your mobile device. And if you want to be extremely secure, invest in a personal Wi-Fi hotspot, or get a hot spot app for your phone.

Don’t Give Out Your Digits

Before you enter any personal information like a credit card or bank account number, be sure the site you’re on is a legitimately licensed site. If you’ve read the terms and conditions page but you’re still not sure, do a quick Google search about the site and see if they’ve had any reports of misconduct. If someone has been scammed in the past, you’ll probably be able to find something about it.

Gambling online can be a really relaxing and fun experience as long as you do it safely. Take the extra time to be a bit more cautious, and you’ll have a safer and more enjoyable gaming experience.

 

The “New Wave” of Online Gambling is Here. Are You Reaping the Benefits?

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Dealer's Hands

 

There is a new wave of online casinos and gamblers. Are you part of the new wave? Do you know what differentiates the class of the “New School” from that of that of the old?

We do.

We have seen the progression from early last decade to where we stand now, and in this post we will share some the things that we have learned.

1. Instant Deposits Are…Well, Instant

Things have changed in the short time that the internet has been around, and mostly for the better. Things are faster, easier to use, and they are safer—that last one is an important one for the online casino industry.

These days you can sign-up for a casino and start playing for real money without even waiting for your credit processing delay times. We have come full circle such that online casinos operate just as much, if not even faster, than their land-based counterparts.

The bottom line: many casinos provide instant deposit capability. If you are not playing at such a location, why the hell not?

2. These Aren’t Your Grandfather’s Deposit Bonuses

Look around. There’s so many bonus codes and promotional offers that we have entire repositories of codes that pile up from year to year. These are not your grandfather’s bonus codes either. They are the future smart gambling if used correctly. Many bonus codes are non-cashable and otherwise not very desirable, but there are also some “diamonds in the rough” that provide an unparalleled leg-up.

If you can find them.

The bottom line: when it comes to payouts, that boost can mean the difference between winning big and quitting your day job. Are you making use of the top resources available to give yourself a competitive edge If not, why?

3. Mobile Mobile Mobile Mobile

Let’s say it one more time: mobile. Hopefully the concept has taken hold, as it is about to take over.

In 2014, mobile use will actually surpass desktop use, and it’s easy to see why. Mobile devices allow you to connect to anyone, anytime, anywhere, and this is a boon for the gambler who knows that you cannot plan out luck.

The luckiest people, one could argue, are the ones that spot trends that run outside of the normal bounds of the average gambling “routine.” By giving yourself the ability to play any time that you feel lady lucky, you have opened yourself up to a whole new world of potential wins. It’s not like you need to play more or recklessly, but one would argue that you do need the ability to bet whenever you feel a streak is occurring.

The bottom line: if you don’t play, you cannot win. So why not play where and when you want?

4. There’s Social Media, and then there’s Social Winning

Social media is great, but nowhere has the power that it brings become more apparent than within gambling communities, where you can not only have fun talking to other people with like interests, you can also talk strategy and cheer one another on in your collective exploits.

Every gambler knows that winning is never quite as good as when you are winning with other people, and in many instances joining forces can result in more money that could be won otherwise. Also, don’t forget slots and blackjack tournaments. They provide unmatched excitement for hours at a time with the opportunity to win a handsome sum if you take the top spot(s).

The bottom line: gambling with others people is fun, and maybe the safest way to gamble because you have the support of friends to help you when it’s needed.

What You Need to Know About Bitcoin and RTG Casinos in 2013

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Bitcoin

Bitcoin is what is referred to as a “cryto-currency,” which is a slightly complicated concept because it means that the value is derived from mathematics as opposed to anything tangible. That is, Bitcoin is a purely digital currency, not backed by anything physical.

Bitcoin is not the first crypt-currency; however, it is certainly the first to take the world by storm and become a household name.

As of 2013, there are some important things that you should know about Bitcoin especially if you plan on making some serious money playing with RTG casinos in the United States. Let’s take a look at what you need to know.

How Does One Get Bitcoin(s)?

Each “coin” is “mined” from the digital earth like a piece of gold might be mined from the physical earth.

This happens through the use of high-end computer hardware, typically the graphics processor in (multiple) graphics cards, which repeatedly solve complicated algorithms in search of a Bitcoin. This process can be likened to the act of drilling in traditional mining.  most common way to obtain a Bitcoin is to pay for one, or (more likely) for a fraction of one. This can be done at the Mt. Gox currency exchange, amongst others.

The cryto-logic that drives the Bitcoin system is programmed to periodically—and with increasing diminishing returns—“release” a coin from the static cache of 30 million “buried” in the digital ground.

Why Use Bitcoin(s)?

There are a couple compelling reasons to start using Bitcoin.

  • It is big business — the total worth of all Bitcoins exceeds one billion dollars.
  • It is fast — Bitcoins can be transferred from peer-to-peer (p2p) instantly without any use or need of a middle man.
  • It is cheap — the above transfers have no third-party fees.

Bitcoin as it Relates to RTG Casinos

As was stated above, there is big money in Bitcoin. For instance, a website called SatooriDice recently sold for 11.5 million dollars. It is a basic game in which users can bet on the outcome of dice rolls.

Other establishments have jumped onto the crypto-currency train with more comprehensive gaming options. Already, there are gambling destinations for playing slots, table games, or even sports betting using Bitcoin.

Most of the RTG websites featured on our Top USA Online Casinos page do not accept Bitcoin at this time; however, some of them have addressed the possibility in the news, so be sure to check them out to see about the possibility of play in the future.