Online casinos offer better value to gamblers than brick and mortar casinos. They do not have the overhead of a Las Vegas or Atlantic City casino and can therefore offer better odds and bigger bonuses. Traditional land based casinos attract visitors with glitzy hotels and fancy restaurants. In 1976 gambling was legalized in Atlantic City. Las Vegas casinos realized that they would need to do more to attract East Coast visitors than just offer casino gambling. This was the beginning of the Las Vegas Mega-Resort. The Mega-Resort caters to the entire family in order to become a vacation destination. It now costs an approximately $5 billion to buy the land and build a resort on the Las Vegas strip.
In 1986, Foxwoods opened as a bingo hall on Indian land. Foxwoods added casino table games in 1992 and slot machines in 1993. Atlantic City was now in the same position as Las Vegas. They needed to offer more than just gambling. Atlantic City handled the problem the same way that Las Vegas did; they threw money at it. Foxwoods location attracted millions of visitors and they continued to grow throughout the 1990’s and the early 2000’s until a downturn in the economy forced states to loosen laws regarding casino gambling. Today Foxwoods is the largest casino in the world and their business is being stolen by smaller casinos. They have opened the MGM at Foxwoods in order to bring in top line entertainment. This again costs money.
The next step in this cycle is online gambling. Online casinos are more convenient than any local casino, so no one is going to open up closer to the gambler. When an online casino is losing business they also throw money at the problem. Online casinos do this by offering bonuses to the player, not with white tigers in the lobby.
Online casinos are run out of small offices with a limited number of employees. These offices are in small countries with legalized gambling and limited taxes. The casinos pay licensing fees for the software that they use. You would not be able to tell an online casino from a telemarketing office just by looking at it.
The low overhead allows internet casinos to offer “Better than Vegas” odds and bonuses on deposits. How often does a land based casino match your first deposit? The competition for new cyber gamblers is fierce and the bonuses continue to increase. The problem is that online gambling is not exactly legal in the United States. Why not? Because it is not taxed! This is where the problems start.
The US Government has no interest in the individual gambler. They are trying to choke the money supply. The theory is that once there is no money to be made by offshore casinos they will go away. Then either gamblers will go back to traditionally taxed land based casinos or the taxing laws will change and the casinos that are paying tax will be allowed to open online casinos. Las Vegas has a new law that allows e-gambling in hotel rooms while several states are attempting to tax internet sales. Will this create the new “Atlantic City” for current online casinos? Will they figure out a new way of throwing money at the problem? The answer is yes and the cycle continues.
The Internet brought more than a lot than what it was predicted. Who would have thought the traditional brick and mortar casinos would leap online and 168slotxo conquer the Internet?
Generally, online casinos, also known as virtual casinos, offer odds and paycheck percentages comparable to real-life casinos. Some online casinos claim higher payback percentages for slot machine games, and some publish payout percentage audits on their sites online. The rules of the game establish the payout percentage for the games.
Gamers get to play online casino games either through leasing or purchasing membership slots in online casino sites through companies like Microgaming, Realtime Gaming, Playtech, International Game Technology, and CryptoLogic Inc.
Some casinos offer “live gaming” exclusively or as part of a wider offering. Popular casino games such as roulette and blackjack are dealt by real dealers in casino studios in a live online casino. It is an attempt to let the online “feel” as if it is on real-time. Chat and other player actions could be passed to the dealer to the opponent for interaction. Players usually can also choose to observe a video feed of the action. However, if there is for example, a lack of bandwidth, the feed will only be a visual cue.
There are two groups of online casinos based on their interface-web-based and download-only casinos. Web-based casinos are sites where the players may play the games without downloading software to a local computer. They are represented in the browser plugins of Macromedia Flash, Macromedia Shockwave or Java, and they all require browser support. To play, a large bandwidth is required since the graphics, sounds, and animations are loaded through the web via plugins. There can also be games on a plain HTML interface.
On the other hand, download-based internet casinos require a software client to be downloaded in order to play and wager on the casino games offered. The software connects to the casino service provider and handless contact without browser support. Generally, this type of online casinos runs faster than web-based casinos since the graphics and sound programs are located within the software client, unlike the latter which is to be loaded from the Internet. The graphics and sounds are usually better than those in web-based casinos most of the time. However, like any other downloads, the initial download and installation does take time. Also, the risk of the program containing malware exists.
Online casinos games can usually be broken down into four types:
(1) card games, such as Baccarat, Poker, Blackjack and their variants,
(2) the dice game of Craps, where players place wagers on the outcome of the roll or series of rolls,
(3) wheel games, most popularly known as Roulette, and
(4) the online slot machine, informally called a fruit machine, slots, poker machine, or pokies.