How to Start your Online Gambling Adventure

Have you heard above this exciting craze called online gambling? With fast paced action combined with the adrenaline pumping thrill of playing for real money, gambling online makes for a thrill ride that has players coming back over and over again. A lot of people have actually heard about internet gambling but there are many out there that have not. Keep reading this article to learn how to start your own adventure.

To get started on the road to online casino gambling a player is well advised to do the research prior to jumping straight in. Most players have heard stories about people with dumb luck that throw down a few chips and end up winning big, but these stories are not the norm and gambling online will be more rewarding, financially, if a player does his homework.

Like most things in life, not all online casinos are created equally and there are a few places for online gambling where a player can turn to help sort out the weeds. One such place is that of online casino review sites. These sites have done the due diligence for the player and can provide a wealth of information about the many sites available.

Unfortunately, like in all things, where there is money to be made there are predators that will take advantage of anyone they can and online casinos are no exception. By using a reputable review site prior to putting down any money a player can help protect themselves against such fraudulent casino owners.

There are many casino review websites to choose from so look for a well established site that provides fresh quality content and whose sole focus is dedicated to online gambling. They should provide internet casino reviews in an unbiased manner and direct their visitors to only the most honest and secure casinos on the net.

Did you know?

Gambling gets a lot of it roots from the Chinese culture. Keno was first played thousands of years ago and was the precursor for todays lottery games.

Online gambling is literally the wave of the future and by playing with a little common sense a player can cash in on this lucrative, and very enjoyable, field. There are games to suit any taste and, unlike traditional brick and mortar casinos, players can fly through cyberspace in a matter of minutes to find the specific, even obscure, online game that they are looking for.

If you love to play slot machines, you’ll love the selection available at online casinos. Some offer over 150 different slots including progressives that exceed million.

Online gambling is much less of a gamble then most people realize. However, players must know how to protect themselves against the less reputable casinos out there. By only playing at casinos that have a sterling reputation and are endorsed by the top casino review sites, the odds are in the players favor that they will have a truly rewarding experience.

More Online Gambling Articles

The online gambling world can seem like a bit of a jungle to beginners. There are so many sites to choose from, it’s difficult to know who or what to trust.

Online casinos

When I first started gambling online, even some of the casinos were crooked – they’d take your money easily enough, but the games were rigged with ridiculously low payout rates. And if by some miracle you managed to win, you’d never get paid!

Fortunately, things are much better now for those looking to start in online gambling. Most of the ‘rogue’ casinos have been ousted from the industry, named and shamed by their competitors and the industry watchdogs that uphold the self-imposed code of conduct.

There are always some new start-up companies looking to make a quick buck out of the unsuspecting newcomer, but the industry is now so well established that choosing a casino with a proven track record is not difficult.

Which brings us back to the first point. There are so many casinos to choose from, how do you select the ones that will suit you best?

Casino portals

The internet is flooded with ‘casino portals’, sites that compare and contrast online casinos, describing bonus offers and promotions and generally driving you to casinos they have an affiliation with.

In the main, these portals perform a service – they give you all the information you need to make an informed choice. True, some are little more than banner farms, with little or no content, but the majority are respected and worthy of your trust.

The ‘ideal’ casino portal

But when I started gambling online, I wanted something more than just a recommendation. I was curious to learn, but I didn’t want to be ripped off.

I’d spent time and money looking for ‘infallible’ systems. I’d even bought a few make-1000-dollars-a-night Roulette systems from eBay, only to find out that they were, in fact, very fallible!

I was curious to learn how to play more games than just Blackjack and Roulette, but didn’t want to lose a fortune in the process.

Basically, I wanted a site that would:

1. Simply and honestly explain the basics of online casino gambling – the rules, odds and payouts of games;

2. Discuss gambling strategies such as the Martingale and Labouchere – and allow me to try them out free of charge;

3. Describe in detail a small, select range of online casinos that could be trusted.

Sadly, I couldn’t find a site that fulfilled all those needs. So, to borrow a phrase, I built it myself!

Fortune Palace is a site built on the premise of: learn to play, practice without risk, select a casino and play for real. It enables players to go from beginner to high-roller with as little risk as possible.

The tagline says it all, really: games, strategies and casinos. It’s hopefully everything you need to get started in online gambling, but without undue risk! There’s no time limit on how long you can practice and you could, if you desired, only ever play on the site for fun – you don’t need to play for real and there’s no pressure to do so.

From day one I wanted to be ethical and I’m very pleased that the site has been given the Gambling Portal Webmasters Association’s seal of approval and is listed by eCOGRA (the online watchdog) as a ‘reputable portal’.

Features

Basics – Explanations of odds, the House Edge, the Gambler’s fallacy, an overall gambling strategy and an explanation of wagering requirements.

Games – Odds, rules and bets of specific games (eg Blackjack, Baccarat, Sic Bo, Pai Gow Poker) with free-play versions on which to practice your new-found skills!

Strategies – Specific strategies for the above games aimed at three risk levels – from beginner to high stakes. Plus descriptions and tests of all the major Roulette gambling systems (eg Martingale, Paroli, Labouchere)

Casinos – Deposit and withdrawal options, full games lists, customer support numbers, bonus information and language options.

The best online gambling guide

It may sound arrogant to say that I’ve designed the best online gambling guide and if it does then I apologise. But as I came to this from the point of view of a beginner in online gambling, I know that the site will give you everything you need to get started.

Put simply, Fortune Palace is the site I wished I’d found when I first began gambling at online casinos. It would have saved me a lot of money!

Did you know that online gambling business is currently one of the fastest growing business categories in the world? The popularity of online gaming is increasing rapidly and this year has seen significant growth in Europe and Asia. In China and Malaysia, there are twice as many online gamers as there are Internet shoppers. Around 43% of Chinese Internet users play games online, while just 16% report that they shop online.

Revenues in online gaming business rose from only $800 million to over $2 billion in 1999! By year 2010, it is estimated that online gambling industry will top over $16 billion in revenues! London-based Merrill Lynch analyst Andrew Burnett says online gambling could generate more than $150 billion in revenues by 2015.

Until recently small entrepreneurs had no chance of getting into the gambling industry, because of huge capital investments, gaming license acquisitions and legal red tape. The internet eliminated all the obstacles. You can now own and promote your own online casino, sportsbook and multiplayer poker room gaming business and generate revenues you’ve only dreamt about.

There are 3 ways to start an online gaming business:

1) Most Expensive – Design and implement all gambling software for an online casino, sportsbook and multiplayer poker room which could cost you millions of US Dollars. You will also need to obtain a gaming license to run your online gaming business, which requires approval from most governments. However, you will have full control of your gambling site, and full knowledge of the source code of your gambling software. In addition, no royalties are paid out to a gambling software development company.

2) Average – Become a Licensee of an Online Gambling Software Provider. This is a far less expensive option to start an online gambling business and you will receive all the gambling software and sometimes even the equipment necessary. It is also the most popular option for both licensed land-based establishments as well as entrepreneurs. Costs range from $30,000 to $350,000. The average licensing fees are around $150,000 (this usually includes marketing costs). In most cases a royalty is paid to the gambling software provider as a percentage of the monthly “take” or “drop” (gross profit). Usually the gambling software provider has payment processing (merchant account providers) already set up for a fully turnkey operation.

3) Most Affordable – Become a Sublicensee of an existing Licensee. This is the least expensive option to start an online gambling business. Costs range from $5,000 to $60,000. The sublicensee is responsible for all the marketing and receives a smaller percentage than a full licensee (2), because royalties paid to the licensee are much higher.

To legally operate online gambling businesses, online casino and poker room owners turn to sovereign governments in countries that permit online gambling and duly issue licenses for gambling operations. The casinos and poker rooms are registered as offshore gambling operations and in turn, the respective countries gain significant licensing fees and tax-generated revenues.

As Internet use spreads across the globe, online gambling business will continue to be one of most profitable online business opportunities of the 21st century.