Benefits of Online Gambling: Top Reasons to Gamble Online

The online gambling industry is the most profitable industry on the internet. Millions of people around the world are wagering on sports online, playing online poker, bingo and even the lottery online at any of the thousands of gambling sites available on the net. Even people who have never visited a land based casino or a local bookie are finding themselves visiting online casinos and poker rooms on a regular basis.

So, what makes gambling on the internet so appealing? Yes, you can play any game of your choice without having to leave your favorite chair. Still, you will not be served free drinks; you will not be able to watch the game you have wagered on from big TV screens; you can neither see the facial expressions of your poker opponents nor to hear the sounds of the coins fall from the slot machine when you hit the big jackpot…

Here are the benefits of gambling online comparing to traditional gambling:

Diversity: how else can you jump from an online poker room to the craps table and to a bingo hall while staying seated on your most comfortable chair? Most online casinos feature a large variety of casino table games, slots and video poker machines. Moreover, in many major online gambling companies you can switch from online casino gambling to online sports wagering with the same username and account.

Bonuses: where else can you receive free money to gamble with? Most online casinos offer free money bonuses in order to entice new customers and to keep up with the competition. The bonuses can start from 10 dollars free just for downloading the casino software to a couple of thousand dollars for completing a certain required amount of raked hands

Convenience: obliviously, what can be more convenient than playing your favorite casino game in the comfort of your own home while listening to your favorite music and drinking your favorite beer? Not to mention being able to put your dealer on hold each time up you want to take a break

Smoking and Dress Codes: whether you are a smoker or a non smoker, when you are gambling online you are free from obeying the rules. Same goes for dressing, eating and drinking; you can either smoke non stop or remain in a non smoking environment; wear your sloppiest clothes or stay naked; eat, drink, talk on the phone, watch TV, whatever

Atmosphere: when you are gambling online, there are not any cocktail waitresses who will sedate you with free drinks and distract you from beating the dealer. In addition, you can set an atmosphere of your choice that can include clocks or even a source of day light

Beginner Friendly: a land based casino can be an intimidating place for the newbie gambler. The average online casino, on the other hand, is much more beginner friendly than its brick and mortar equivalent. Interactive tutorials, play money modes and the option of avoiding social embarrassment caused by misunderstanding of the rules and codes of behavior is a more pleasant welcome for the novice casino gamer or poker player

Safety: yes, gambling online is usually safer than playing in a land based casino and carrying big amounts of cash money in your pocket. Most online casinos are reliable and respectable businesses that will not risk their reputation and lose their customers base by scamming their players

In addition to the list of benefits mentioned above, online gambling offers equal opportunity for people with disabilities or those who cannot afford traveling out of their state to play in a legal land based casino.

However, reading about the benefits of online gambling makes the huge popularity of online gambling, online poker playing and online sports wagering much easier to understand.

Taxes on Your Gambling Winnings – You Owe Uncle Sam a Piece No Matter How Much You Won

When you’re gambling at a casino, you may win a few bucks here and there and leave with more dollars than you brought with you. It may be as little as $20, or as much as $1,000. When cashing out you were never presented you with a form to declare your winnings to the IRS. If you think you’re home free, think again. As a U.S. citizen, you owe Uncle Sam a piece of the action regardless of the amount. Many players think that just because they were not given a tax form there’re home free. Not so.

So, what does get reported to the IRS? Larger amounts that are won at gambling establishments such as casinos, lottery retailers, horse race tracks and off-track betting parlors. They will issue a form W-2G, one copy to you and one to the IRS. Here are some details:

Machine Games

$1,200 or more won at a slot machine, video poker, video keno, video blackjack, etc. This only applies to a single jackpot payout amount. Accumulated credits are credit meter wins and do not count.

$1,200 or more won at a live bingo game will also trigger a W-2G, and $1,500 or more at a live keno game (minus your wager amounts).

The casino will not withhold any gambling taxes from awards in the $1,200 to $1,500 range provided you present a valid photo ID and social security number. If you do not provide this information, 28% will be withheld.

Live Table Games

Winnings from live table games are not reportable on a W-2G, except if there is a very large prize amount offered for a small wager, such as a dollar bet for a shot at a progressive table jackpot, where the winning odds are over 300/1 and the win is more than $600. For example, Caribbean Stud offers a huge progressive jackpot for wagering only $1, if you’re lucky enough to hit a Royal Flush.

If you win $600 or more in any other wagering game, such as horse, dog racing or sports betting, and the amount is at least 300 times your bet minus your wager amount, the establishment will gift you with a W-2G. If your winnings exceed $5,000 and the amount is more than 300 times your bet, 25% will be withheld. The same withholding percentage also applies to any cash prize of $5,000 or more in poker or other card tournaments minus the buy-in amount.

Winnings on state lottery games such as lotto, numbers, scratch-offs, etc. can be collected at your local retailer up to $600. Any more and you’ll have to visit the main lottery office in your community, where a W-2G also awaits you. This information is from the New York lottery. Other states may have different rules.

Winnings on Daily Fantasy Sports (DFS) contests at this time are considered games of skill. DFS sites will issue a 1099-MISC, not a W-2G for winnings of $600 or more.

Video Lottery Terminals (VLT)

$600 or more in winnings from any class II ​Video Lottery Terminal game will also invite a W-2G. This includes any winnings on machines at jurisdictions that are operated by a state lottery. For example, New York State has nine race tracks with VLT’s that are pseudo slot and video poker machines.

Deductions

The good news in all of this is that gambling losses are tax deductible but only up to the amount of your winnings, and only if you itemize deductions on your tax return.

The IRS wants to make sure that you indeed lost what you claim you lost, so a record of all your losses is required. Win- loss statements are available from most major casinos at the end of the year, provided you used your player’s club card when playing machines. Save those losing scratch-off tickets, Lotto, Powerball, and Mega-Millions tickets, daily numbers, Quick Draw, OTB, etc.

For losses on Daily Fantasy Sports contests, the IRS position at this time is unclear. Because of the skill factor, your winnings are in the hobby category. Therefore, any losses would not be deductible, although this situation could change at any time.

You don’t have to record the tickets on your tax statement, but they may be necessary if you are audited. All the IRS wants to know is the type of wager, the amount of the bet and the date of the transaction.

Always play it safe and check with your tax preparer for your personal needs.

Gambling Away to Victory

It is the era of the computer – the computer age. The computer has graced every home today and it is no longer a luxury but a bare necessity like any other house hold commodity. What the computer can do and can be used to do, knows no bounds and limits and like they say the sky is the limit! One very interesting thing that the computer can achieve though is the activity of facilitating working from home. Today’s youngsters want to change things and are very hesitant to stick to office routines and supervisor’s deadlines. They want to be free like the wind and make easy money at their own comforts. Gambling and making money on the internet while playing roulette is becoming an interesting and integral affair for such advance minded youngsters.

A Roulette wheel at any casino is a wonderful means of making money but how to win at roulette is really a matter to consider. A roulette wheel on a casino is an easy attraction to anybody to wants to make easy money. The only disadvantage of this is that there are no clear strategies to improve the progress in this as this is entirely dependent on luck and chance. This is not a brain game and there is no actual roulette strategies that can help you win more. Does this mean there are no workable roulette strategies that will improve the chances of making money on the Roulette wheel? Like we’ve seen above, it’s a chance game – but the intervention of the brain does definitely help the player to see more advantage of these as against the house. There are quite a few interesting things that can be done to improve our own odds while we play on the roulette wheel. These are some interesting pointers that can help you on how to win at roulette and make more money out of this chance game.

The first and the foremost tip on how to win at roulette – the American roulette is more disadvantageous than the European counterpart. So, choosing to play on the American wheel over the European one is a bad roulette strategy. If you ask why, the European wheel has 37 spaces which comprises on one zero, while the American wheel has 38, with a double zero space. That is the American wheel has 38 digits in total – with a zero and a double zero, whereas the European wheel just has one zero. This simply means that there is a 50% lesser chance for the wheel to stop at 0, when the wheel is spun. So while the wheel spins, there is double the chance of it stopping at a zero on the American wheel than on a European one. The casino houses using the American roulette strategy make about 3% more money than the European one.

Another interesting ploy would be to look for games that provide for En Prison or Surrender as an option is a very good roulette strategy. If you chose option of surrender you get to actually lose only half of what you bet, if you land in double zero. More importantly this applies to all bets – be it red or black, even or odd, high or low. As this enables us to prevent losing about 50% of the winnings, this proves to be an intelligent roulette strategy. When you chose this option and you land either on zero or on double zero when you spin, you stand to lose only half of what you actually bet. This applies to any bets – odd or even, black or red, high or low).

Like discussed, En Prison is also an option while playing these roulette games. The option of En Prison lets the player take a second chance to spin the wheel. This is more or less like surrender and when you land on zero, the chips are put in prison – imprisoned. When the player loses, he places his winnings on the table (meaning they are imprisoned) and takes a second spin. The player gets another roll and if you land again on zero – tough luck and you lose, if you win, you get to have your earlier wins and the one that you just got. There is nothing more that we can if the wheel again stops at zero, unfortunately he loses out. But then if he lands on anything other than the zero, he stands to double win.

These are some of the ploys that can be used to turn this game of chance to the advantage of the player and win more and more. The more the merrier and the entire concentration of the player could be on winning more money at such chance games from the comfort of his home. This is one great way to make easy money in the world today!

The Virtual World of Online Gambling

If you have ever been to Vegas then you know how fun and exciting gambling can be. What you may not know is that you can achieve the same excitement from the comfort of your own home through the wonderful world of gambling online. With online gambling you can play all of your favorite casino gambling games twenty-four hours a day. All you need is a computer and an Internet connection!

Online casinos offer every casino game you can think of from slot machines and video poker to roulette, baccarat, blackjack and keno. You can even play multi-player games like craps, poker and backgammon online against other real players around the globe. When you play multi-player online casino games you can even chat live and make lasting friendships with other gambling enthusiasts from all over the world!

Online casino software emulates real casino games so accurately that when you play online in an Internet casino you may even forget that you aren’t actually in the Luxor or Caesar’s Palace! All of the online slot machines are computer versions of actual casino slots and all of the other casino games are incredibly realistic.

The best part about the online casino experience is the huge jackpots! With Internet gambling you can make money in your spare time while having fun at the same time! No matter what you favorite casino game is you can play it online for giant prizes. Slot machines with progressive jackpots pay out thousands of dollars and you can win just as much in no-limit poker rooms, blackjack games, craps games and more!

If joining an online casino sounds like fun to you it’s easy to get started! Once you have chosen an online casino you can get started playing in minutes! However, the first step is to choose a casino that’s right for you.

The main thing to look for when you are looking for an online casino site is their game offering. There are hundreds of casino games out there-different slot variations, card game variations and more-and not all online casinos offer every game. Therefore you need to think about which games you want to play and make sure that the casino you choose offers all of your favorite games. Once you have found a casino online that offers your favorite games you are ready to sign up.

To sign up for an online casino all you have to do is download their casino game software and you can start playing. If you want to play casino games for money you will have to make a deposit in order to bet on your games. Many online casinos even offer fantastic deals and bonuses for new members that will match your deposit and others even offer no-deposit free money bonuses for new members or free slot machine spins to help you get started.

Once you have started playing casino games online you will immediately understand why Internet casino gaming is so popular. Online casinos are so fun and exciting-you’ll wonder why you waited so long to sign up!

Live Casino Gambling – More Than Just Gambling

Online Casino gambling, the much exciting gaming option for those who love to bet, is also the one that is very famous nowadays. Being a great source of enjoyment and entertainment for millions of players around the world, online casino gambling has become one of the fastest growing hobbies in the world. Skyrocketing in popularity over the past several years with the emergence of live casinos, online casino gambling has certainly changed the face of wagering. The way of gambling has changed and also changed the compulsions, which are associated with the traditional gambling. Not only now people have more time to enjoy gambling but also they have various options to play their favorite games.

With an advantage of having the opportunity to take part in their favorite form of entertainment anywhere and any time, people are able to play casino games according to their own will. There is no longer any need for you to go to a land casino especially when there are live casinos online to give you a real gambling experience with live Roulette, live Blackjack, live Baccarat, and also live Poker. You can play your favorite games only by just log in to a live casino. Today, when the world is changing very fast and everyone is under pressure, the online gaming gives people a great time to relax while enjoying their favorite games. By playing online, people are not only able to save time and money by placing their bets in the comfort of their home but also are enjoying their life with their near and dear ones.

The benefits of online gambling are many but the most obvious one is the sense of security that people feel when they play in their home environment. Live online casino has become the place of entertainment for gamblers that is not only safe but also offer fair and genuine deals to its players. It is a real thrill to win when you are wagering real money at internet casino games. Live casino gambling is something more than just gambling where not only you make money but also enjoying your playing time without affecting your personal life.

There are many live casinos online where you play your favorite games but it is a good practice to search internet for the most authentic live dealer casinos so that there would be no risk with your hard-earned money. Evaluate a site thoroughly and look for quality. It will be even better if you read the reviews of other players who are using their services. Live casino gambling is very safe; the only need is to carefully select the service before you start dealing with.

Beginner’s Guide to Online Casino Gambling

Unarguably Internet is the buzz word today, be it shopping, searching for information, or casino gambling. Internet casino gambling is now a several billion dollar industry and is continuously growing globally at an incredible rate. More and more people gamble at online casinos, for the advantages that they offer. It is highly convenient and satisfying to sit in front of the computer, and enjoy online casino gambling and win real cash without wasting gasoline to reach the casino. Also, no one can force you to wager more money, when you don’t feel like playing. The online casino gambling sites around the world allow you to play your favorite casino-style games like roulette, online poker, blackjack, casino slots, crap, etc. with the convenience of sitting at home. To understand online casino gambling better, read the following beginner’s guide to online casino gambling:

Selecting Reliable Online Casino: Biggest myth about Internet casinos is that they are considered illegal and unauthorized which is so untrue. Most of the online casinos are licensed and deal in fair online gaming. To select a reliable online casino gaming site it is very essential to check the credibility and affiliated websites. Register only with licensed gambling websites that assure fair gaming options.

Selecting Casino Games: Various casino games are Blackjack, Roulette, Crap, Slots, Poker, Baccarat, and Keno Fun Games. You can select the casino game according to your skills, choice, knowledge, etc. Make sure you know the rules of the game you would like to play online. Also, some websites offer tips and strategies to help you win and play better. You can also read some good casino gambling books to learn the basics of casino gambling.

Choose Casino with the Best Bonus System: Bonuses are usually given to the gambling beginners, when they sign up with a casino or poker room. Generally, online casinos offer sign up bonuses, no deposit, and free slots bonuses. They also offer refresh and loyalty bonuses to the existing players. The beginners must review various bonuses given by various sites to find the best bonuses available. The best bonuses are the ones with low wager requirements.

What are the Basic Requirements for Casino Gambling: The first requirement is visiting the casino website and downloading their software. The next step is to set up an account, where the gambler will deposit money for betting. The amount that you deposit is entirely upto you and will be used to buy chips for online wagering. At times, online casinos also provide services for depositing money and bonuses for getting started. The information that you provide to the online casinos is encrypted for security reasons, so complete the formalities and start enjoying the game.

At TheUltimateGambler.com, you can find entire information about casino gambling types, rules, tips and strategies, casino promotions, etc. Here you can find FREE gambling guide, free bets, promotions, and complete gambling information to give you a better understanding of your favorite betting game and help you play better. Visit www.theultimategambler.com for more information.

Online Gambling – The Gamblers Paradise

Online gambling – The incessant gamblers paradise

For all those gamblers who had to make the effort to get up out of their chair and physically go to the casino, here is some good news! Technology has come of age. Now gamblers can sit at home in front of their PCs and play their favorite casino games. And who knows, maybe even win thousands while experiencing a game of poker, blackjack or even poker with 3D annimation and lifelike sounds of an actual casino. The internet has become extremely popular in the past 2 or 3 years as to offer the best gambling facilities online. These online gambling sites have near exact characteristics of the real thing. And the best part is that they are interactive, so you can play and meet with lots of people from around the world. Most of the reputable online casinos offer new features, prizes and bonuses daily so there’s always something new for the online player. Here is what you are likely to find on an online gambling site.

Features of online gambling

The best thing about online gambling is that it has all that a casino offers and more. You can find a variety of casino games like poker, blackjack, craps, baccarat, bingo, lotteries, slots, and more. Not only that but you’ll find many variations of these games as well. Some online casino boast as many as 150 different games and more. There are jackpots and bonuses and some of these sites offer casino credit too.

Some of the other features include tournaments and matches with other players and opponents and exclusive offers like user home pages, e-mail ids and player statistics. The graphics and animation used is superb, and gives the real feel of the casino.

A word of caution though before you gamble at a casino do not be lured in by the biggest bonuses. Always take care while gambling online, and be sure that these sites are registered with the right body and recognized as respected and honest casinos. Especially if you are transferring or betting money online. Also make sure they are virus free and do not cause any irreparable damage to your PC. Have a virus protection program on your pc before downloading any software.

Once you’ve taken these precautions and practised a while you could become the next big jackpot winner!

Mobile Casinos Are the Next Big Thing in Online Gambling

If you thought it was convenient to play blackjack online 24/7 at home, just wait till you try mobile gambling. The mobile casino is the next logical step in the online casino industry, bringing your favorite online games right to your iPhone, iPad, or Android phone. There are even a few older model phones that support mobile gaming, but for the most part, it’s geared toward today’s smart phones.

Mobile web casinos mean that you can play wherever you can get a 3G connection. Until recently, it was a big enough deal that you could gamble any time using your computer at home, but now you can pretty much gamble anywhere as well. There are three basic approaches to using your mobile device for online wagering: using the mobile version of the site itself; using an iPhone app; or using an Android app.

In many cases, you can use your smart phone simply by going to the mobile version of your favorite casino’s website. If it doesn’t already have a mobile version, it probably will soon: the market is just too lucrative to ignore. You would play on your handheld device just as you would on your computer at home. Everything’s smaller, but you have access to the same games, same prizes, and same bonuses.

iPhone apps are slow in coming, though they do exist. The UK’s Betfair, Ireland’s Paddy Power, and Austria’s Bwin are three European sites that offer iPhone betting apps specific to their sites. Betfair and Paddy Power apps work only in the UK and Ireland, while Bwin’s only works in the UK and Austria, as of late 2010, though other countries are expected to be added rapidly.

Android mobile casino apps look like they will be more abundant, due to the non-proprietary nature of the Android operating system and the growing popularity of Android phones in Europe. The Irish Betdaq is staking its fortunes on Android apps, on the belief that while the iPhone has fueled the expansion of smart mobile devices in general, Androids may be the better long-term option, not least because getting an app approved for the iPhone Apps store is not easy.

There is little doubt about the future of mobile gambling. While currently only about 5% of the bets placed online are done on mobile devices, this number is expected to rocket to more like 50% over the next three to five years. A recent survey by Juniper Research on mobile gaming markets shows that mobile casinos are expanding rapidly, and could see mobile wagers exceeding $48 billion by the year 2015!

For the most part, the most popular games on mobile devices mirror the most popular games in internet gambling in general: slots, poker, and blackjack. An Android app titled “Video Poker,” which is not a web casino game, did not take long to garner 50,000 downloads. Another non-casino game, “Cherry Slot Machine,” is a free Android app and is also one of the top Android gaming apps. Clearly there is a hunger for these games, and it’s just a matter of time before online casinos embrace mobile casino apps en masse.

Bring Live Casino Gaming Home with Internet Gambling

If, for you, the worst part about going to online casinos is leaving then your sorrows are over. With online casinos you can bring the excitement of live casinos home with you! Online casino software emulates real casino games so well that you may even forget that you are in your own home and not in Las Vegas! Online casinos have everything that live casinos have to offer, so the next time that the urge strikes you to head to Caesar’s Palace all you have to do is turn on your computer.

An online casino is not so different from a live casino. When you play online you can choose from all of your favorite gambling games. Online casinos offer virtually any casino game you can think of including, but not limited to, slot machines, video poker, regular poker, blackjack, baccarat, keno, roulette, craps and even bingo! The games are played by the same rules as in live casinos and online gambling software is even designed to look just like real casino games! Some Internet casino websites even offer software in which you have a character that must walk around a three-dimensional casino space with other players and choose your games.

It is the belief of many gambling enthusiasts that online casino games are not as exciting as real live casinos because when you play online you are sitting by yourself at your computer and there is no interaction with other players. This is not the case at all! In fact, most Internet casino sites encourage interaction between players, especially in multiplayer games like blackjack, craps and poker.

There are also tournaments in which players compete against each other in all forms of casino games, including slot machines. Online casino tournaments can be a fantastic social experience! When you play in online casino tournaments you pay an entry fee. For this fee you receive a predetermined amount of chips. Each player receives the same number of chips and has a specific amount of time in which they may play slots machines or poker or roulette or whichever game is specified by the tournament. At the end of the allotted time the player who has the most chips is the winner. The prize pot is made up of player entry fees and can be quite large depending on the number of players. Additionally, interaction is encouraged during the tournament through chat software and can make online tournaments a fantastic social experience.

As you can see, gambling online can be just as fun and exciting as playing in live casinos. The best part is you don’t have to book a plane ticket or even leave the comfort of your own home! If you have a computer and Internet access you can participate in Internet gambling twenty-four hours a day, seven days a week! All you have to do is choose a casino online and start playing and you’ll never be sad about leaving the casino again!