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Question about online Casinos

Discussion in 'General Business' started by MrMarco, Dec 19, 2005.

  1. MrMarco

    MrMarco Active Member

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    #21
    Well there are a HUGE amount of people who do all for the hope of winning big.
    I'll wager (there I go again) that you have even put out a couple of bucks for a lottery ticket and those odds are the biggest.
    You actually have a better chance of getting hit by lightening than winning these lotterys.

    And I really believe that even though some people frown upon gambling, it can be done professionally and above board.
     
    MrMarco, Dec 22, 2005 IP
  2. dsm56

    dsm56 Active Member

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    #22
    Considering ive made about $10000 from free money offers, i love casinos...
    But unfortunately they are ultimately pretty evil...

    There is worse, but its pretty bad...
     
    dsm56, Dec 22, 2005 IP
  3. MrMarco

    MrMarco Active Member

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    #23
    Evil is s strong word... It's certainly an interesting way to give away your money.

    BTW - Kind of ironic that you could make money from FREE money offers? lol
    I need to learn that :)
     
    MrMarco, Dec 22, 2005 IP
  4. Edz

    Edz Peon

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    #24
    :D Me as well

    Playing roulette on a computer or blackjack all seems like a scam to me, it all depends on software that can be manipulated i guess.
     
    Edz, Dec 23, 2005 IP
  5. MrMarco

    MrMarco Active Member

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    #25
    I suppose the software can be manipulated to scam people, but it can also be manipulated to be as fair as possible. Match the payout odds of the average brick and mortar casinos. As for the table games, for example, If you are told that the blackjack game is pulling from a 4 or 5 deck draw, you are forwarned and thus play accordingly. Actually, I can see that if someone is fairly good at counting cards they can 'manipulate' the game easier than if they went to an actual casino. I mean you won't have 5 very large men coming to "escort" you from the premises.

    The odds are ALWAYS with the house and everyone who gambles knows that.

    There are other bets at casinos that can be made other than roulette, blackjack, slots, etc. The Sports Book is a huge business. All the lines can be seen and if some are out of line from the average, no one will bet and no money will be won.

    If run honestly, I see no problem. Just like the porn industry. Obviously I 'lean' towards the liberal side of the isle.

    Merry Christmas Everyone!
    :)
     
    MrMarco, Dec 25, 2005 IP
  6. jamjv

    jamjv Peon

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    #26
    If you're already in the casino affiliate side of it just talk to a couple existing online casinos. What they do is build you your own brand of online casino using their network/software and take a % cut of your profits.

    So you will have your own branded casino that you just promote and they will take care of everything else. I'm not sure what the % is but it was reasonable.

    I know 3 people who opened a couple of these fronts via microgaming for less then $15,000.
     
    jamjv, Dec 25, 2005 IP
  7. MrMarco

    MrMarco Active Member

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    #27
    Jamjv - I've run across a few of these companies. One says I can earn as much as 50% of the revenue, depending on my initial buy in $, and their cut is only 10%. Of course the question remains... What about the other 40%?

    Hey, and if I have to spend more time in Costa Rica or Curacao, I think I can live with that.
     
    MrMarco, Dec 25, 2005 IP
  8. marketjunction

    marketjunction Well-Known Member

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    #28
    If you live in the USA, then the following apply:

    1. It is illegal to own and operate a casino online. You can set up your servers on the moon, but you are still in violation of the law if you physically are taking up space in this country.

    2. It is illegal to bet online.

    Why is it illegal to bet online? Well, the government operates under the guise that it's for your own personal safety, but we all know the real reason--taxation. They know full well that you can make money gambling off-shore from the comfort of your U.S. home and not pay any taxes.

    It is illegal to cause someone else to do something illegal (IE inciting a riot). If that's the case, one could argue that leading people to online betting establishments is illegal--IE casino affiliates.

    Will they ever prosecute? Possibly in an election year or if someone decides they have something to prove.
     
    marketjunction, Dec 29, 2005 IP
  9. MrMarco

    MrMarco Active Member

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    #29
    Ah yes... our ever helpful administration trying to protect us from ourselves.

    BUHA HA HA HA!!!
     
    MrMarco, Dec 30, 2005 IP
  10. bolognamare

    bolognamare Peon

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    #30
    If:
    1. you host your casinò online on a country that doesn't need license to operate; just look carefully at http://www.gamblinglicenses.com
    2. you use an offshore bank account located in another offshore country;
    3. you can register your domain name server without "problems"
    4. you don't live in the first two countries
    Nobody could know who you are..

    Maze solved! :cool:
     
    bolognamare, Jan 7, 2006 IP
  11. marketjunction

    marketjunction Well-Known Member

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    #31
    If you live in the USA, you can't operate an online casino anywhere. End of story.
     
    marketjunction, Jan 7, 2006 IP
  12. Mystique

    Mystique Well-Known Member

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    #32
    As you can see I am promoting a poker room in my signature and also have a couple of casino sites operated by Caribbean and European entities and I have never had problems for that because they are not located in the USA as the sites reside on a UK server as well.

    Not sure at all but if you only promote and profit having a casino it's okay but in the practice I have seen both casinos encouraging American citizens to participate as well as others denying access because the American regulations on gambling, but what about Las Vegas I should ask?
     
    Mystique, Jan 7, 2006 IP
  13. marketjunction

    marketjunction Well-Known Member

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    #33
    If you live in the USA and OPERATE a casino, you are breaking the law. Look at past news, court cases, etc. What matters is not that your servers are on foreign soil, but that your person is on American soil.

    If you promote a casino and live in the USA, you are technically breaking the law by inciting illegal activity and the DoJ might prosecute you for it. The probability is low, especially for small-time affilaites, but it exists.
     
    marketjunction, Jan 7, 2006 IP
  14. bolognamare

    bolognamare Peon

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    #34
    Your idea works only if the USA (or another country that apply this law) can associate your name to the online casino, if it's not possible to see this link between you, your country and your online casinò, HOW is it possible that you can have these kind of problems?

    SO..

    If:
    1. you host your casinò online on a country that doesn't need license to operate; just look carefully at http://www.gamblinglicenses.com ;
    2. you use an offshore bank account located in another offshore country (with bank secret, they need your passport to sign in your bank account);
    Better (if you want to be completely safe from any transaction control on your living place) if you withdraw your money outside your living country, outside the bank country, with an ATM card in another offshore country (the world is full of them);
    3. you can register your domain name server without "problems"... ;
    4. you don't live in the first two countries (it's not a matter if you live in USA or anywhere);
    5. nobody of your living country is involved with your business, better if they live in offshore countries (coder, hosting people, ...).
    Nobody could know who you are and which kind of business are you doing..

    Maze solved! :cool:
     
    bolognamare, Jan 8, 2006 IP
  15. marketjunction

    marketjunction Well-Known Member

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    #35
    It's not my "idea", it's United States LAW.

    If you don't reside in the USA, nothing I have said matters to you.
     
    marketjunction, Jan 8, 2006 IP
  16. bolognamare

    bolognamare Peon

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    #36
    Nothing against you, of course, and nothing against usa too. :D
    Simply I studied law, and i can assure you that today is still possible to be substantially legal everywhere if you apply privacy and best cares to your business. The government of my country teached me that lesson (and looking some movies or news about your country it seems that things are not so different...).
    Of course everything depends from each conscience, if i think that my business is not a scam and can be done somewhere without problems, and basically i act as a correct person, as a citizen of the world, why should i need judges to prove that? My conscience is enough.

    If you need a better life, and money unfortunately are necessary to realize that, and people near to you have better opportunities than you, do these judges or law people come in your help?
    In my country it doesn't happen! :cool:
     
    bolognamare, Jan 8, 2006 IP
  17. marketjunction

    marketjunction Well-Known Member

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    #37
    The whole point of all my posts was USA law and not the laws of your country. I know in other countries it is legal to do such things, but that's not the issue.
     
    marketjunction, Jan 8, 2006 IP
  18. bolognamare

    bolognamare Peon

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    #38
    Another thing relate to your and my country.
    Big usa and italian corporations go abroad everyday more to take advantage of the low price workmanship and of the lower incomes taxation (to not say worse), and they don't make secret of that, they print on the goods sold in their primary country the country name where they can realize that.
    But why do your and my country permit that?
    Why our country governments (and their law) permits that their citizens loose or not find a good job or loose social services (i will never forget what i have seen in New Orleans on tv few months ago!) because they prefer to aid few rich people to become richer?
    You can answer by yourself.
    I have seen on tv that in the good old germany, a corporation like wolkswagen that produce cars, buy (and make produce) the 80% of his car parts abroad, so only the 20% of this parts generates tax incomes for its country and for its citizens...
    Is it moral?
    Today yes, you can touch it everyday, so do you prefer to wait for a change or apply the same rules to your little but important life?
    To you the hard sentence.. :cool:
     
    bolognamare, Jan 8, 2006 IP
  19. dsm56

    dsm56 Active Member

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    #39
    Wow...so many highlighted words...so much effort...you really must believe in that post.
     
    dsm56, Jan 8, 2006 IP
  20. marketjunction

    marketjunction Well-Known Member

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    #40
    I have no idea what all that has to do with USA law.

    I quit LOL. :D
     
    marketjunction, Jan 8, 2006 IP