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In what currency can you place bets at online casinos?

Every self-respecting online casino has more than one currency available for the game, but if we are talking about New Zealand casinos, then this is the NZ dollar. But it is worth remembering that this choice is usually made during registration and further changes may only be possible through the casino support service.

Let me guess, you have deposited to an online casino, lost in the game and now wish to receive your money back. Or ok, maybe you’ve faced a fraudulent casino? In both cases you can dispute the money, but the result will be completely different. Besides, it’s a consequential issue to dispute the charges. So, you’d better think wisely before you actually make a chargeback request.

Necessary requirements

First of all, I’d like to explain some facts to you. These are mainly the requirements by the moment you decide to dispute.

  • Chargeback is the service of bank credit cards using Visa, Mastercard, also bank transfers and some e-wallets like Neteller.
  • The request for dispute has time limits. In other words, you can make a request within 120 calendar days only. If you haven’t made up your mind during 4 months, further it’ll be impossible.

Later, I’ll describe each case (lost game and frauds) and give you the useful tips for a successful dispute of your charges from online casinos. Mind that the moment when you’ll have done it, the situation may lead to unpleasant consequences.

So, if you lose a game as all typical gamblers do right after deposit, you can’t just request for your money back. It even makes no sense. Like you deposited, you played and you lost. It’s almost the same as when you buy some food – buy, eat and are hungry again in two hours. Basically, the online casinos sell service. They give you a chance to play games for money. And the result, either you win or lose, depends on you and your actions.

Be careful!

Apparently, any attempts to dispute the money will be declined by both casino and your bank. For the reason that the service was provided, thus you played, and you got a fair result, so face it. There is only one possible reason to tell the bank. It’s charging the online casino of faulty activity. Starting from rigged games and ending in a totally fake fraudulent casino. However, be realistic, this statement will need proof. Very likely that the online casino will provide all the records where it states that you have played the games and successfully lost the deposited money. As a result, the dispute request will be declined. Unless you have a true proof that you’ve been deceived, you can’t take money back.

Is it still possible?

Speaking of a true situation with online frauds, whether it’s a fake casino or just someone has stolen your credit card, it will be much easier to prove. With such a statement and no visible authentic proof of a contrary, the bank will charge the money back. But it’s not a relief for you. This time you need to prove that the online casino provides faulty service including evidentiary material of a licence absence and rigged games. The former you can find out, no problem, but the latter is hard to get. The RTPs are private records of the service provider. Although it’s hardly possible to request for chargeback, stars can align and somehow you’ll get the money back.

Still after the dispute come the consequences. Get ready to be banned by the online casino. Most probably you’ll get into the blacklist of the company and all associated online casinos. Even though your request is accepted, and everything seems fine, your further chargeback requests will affect your gambling reputation. Thus you’ll not avoid the blacklist.

Conclusion

All in all, I recommend thinking thoroughly before making the actual request. Mind that whether you are right or wrong about the casino service, it may lead to the court. Trust me, it’s not worth it with all the further court consequences unless you’ve deposited a million dollars which I really doubt.

That is quite reasonable why a person might get a thought of starting its own online gambling business. It brings much profit, especially nowadays when online related industries are at the top. Just like the huge yearly revenues of online casinos, one has to spend the big sums of money for the business launch.

Gambling business requires many responsibilities and attention. The known stereotype about casinos that they are always cheating impose additional obligations on the casino owners. They have to license their business activity, get special certificates and constantly prove that they are safe and fair.

This ‘proof’ costs money which you as a potential owner need to pay at the very beginning. All the licenses, certificates and security technologies are the first instruments that you have to think of before you start. Not a single high roller or even a regular player will make funds into an ‘unknown’ casino without an official license.

Registration

However, in order to receive a license you need to accomplish several steps. First one is to create the company according to the laws of the country that allows running online casinos. They are usually small countries like Malta, Costa Rica, Gibraltar or it can be the UK, by the way. The company registration cost varies. In the UK it’s 550 euros, in Costa Rica you would have to pay almost 3,000 euros. However, Gibraltar and Curacao don’t take charges at all. So, let’s take the average cost of the registration of a legal entity – $1,000.

Gambling platform

The site content is the most important. It’s the face of the online casino. The real money attractive games are what people come for to the online casinos. Basically, you need to make a deal with at least one software provider and have a minimum of 500 games in your casino lobby. Nevertheless, the more games and providers, the more customers. The price is different again. It varies from $10,000 to $150,000. It depends on the provider reputation and amount of games you purchase. Mind that you will have to pay commission from each game. About 15% from one game revenue goes to the provider. Averagely, you could pay about $50,000 for games including commission.

Licensing

Finally, you can apply for the license. This step allows you to host servers and represent casino games worldwide (where they are accepted by laws, of course). Generally, the licensee is based in the same country where you registered your casino business. Accordingly, the price varies. For example, in the well-reputed Malta you can get the MGA license for about $18,000 + the same for annual fee, in total over $35,000. In Costa Rica you’ll pay totally $50,000. Besides, the license doesn’t last forever. It’s issued for several years. On average, 6 years is the expiry date. So, let’s assume that the first licensing costs $50,000 including the cost itself and annual fee.

Website development

Your casino site should be, first of all, clear and easy to navigate. Whenever a visitor enters the site, he or she must understand what the casino offers: games, bonuses, banking options, support, security and etc. Clarity, transparency and availability of all website options. The whole development of the website costs from $10,000 to $50,000. Though we can’t deny additional losses. Let’s take $50,000 for the website development stage.

Marketing

This step is necessary for all businesses. In order to let people know about you, you need a marketing plan including advertising, SEO content and affiliates. Your minimal marketing losses can be $20,000. However, it doesn’t make much sense as it pays off quite a little. For the good profitable marketing system you can pay $100,000 and even $200,000 monthly. Additionally, you will have to pay a fixed sum and sort of 20% commission to the partners that brought you clients. All in all, for the advertising stage we have approximately $100,000 a month which annually is $1,200,000.

Casino maintenance

Here you should include, first of all, salaries for your staff. It should be a whole team of specialists in the fields of design, web development, security service, support, sales and marketing, finance and copywriting. In addition, you will have to maintain the site and its security system annually. The total cost of this all will be about $500,000 a year. It depends on the salary amounts you can afford, of course.

Payouts guarantee

This is a specific amount of money you save in the bank as a guarantee that you are able to give payouts to your players. It can’t be used for taxes and other expenses. This is a necessary fund, and its minimum depends on the registration country. It will cost you about $100,000.

Total calculations

If we consider each expense given above, the online casino site costs $1,951,000 at the start. Still, you have to understand that this sum is not exact. In reality you may pay more or even less. Anyway, considering all the necessary and additional expenses, you need to have at least $2 million in your account to open and maintain the casino site during one year. With an excellent marketing plan you can compensate for the losses during a couple of years, or even less period of time.

When you play the games, you obviously want to have a profit from online casinos. However, not always and not everyone can win on online casinos. Sometimes it’s the gamblers’ fault as they don’t meet the casino requirements or they can just miss their luck for some time.

Of course, the problem can be on the casino’s side. Some sites are fraudulent or just cheating. Though it’s totally illegal. Still you can stumble upon them any minute. So, what to do in order to avoid ‘bad’ casino sites and win money on online casinos?

Choosing the one

The first mistake towards your money dream can be choosing the wrong casino. You should select an online casino not by its cover, but by the service they provide. No doubt, the site should look attractive and catchy. But the support service, security, licensing, and of course banking system must be all appropriate. Speaking of the official license, the casino company has to obtain it in order to be proven fair in the players’ eyes. So, check the site for the mentioned points on a high level and remember to read real comments.

RNG powered games

The fair games are random games. The Random Number Generator is a key factor for players to win money. The mechanism is responsible for every single result in a game. It can make you a winner, and it can make you a loser. That is why RNGs have always been victims of hackers. However, not everyone can hack the randomizer so far.

Addiction to games

Generally, people who tend to lose money on online casinos are those who spend too much time playing. In other words, addicted gamblers have no understanding when it’s time to close the game. Addiction is a real problem for many people. They literally can’t stop spinning, thinking they can do better. But in fact they cannot. Only one thing separates them from winning. It’s the will to stop the game. To tell the truth, experienced gamblers can win the money, and they do win it. If only they could stop after that winning round, they would be already richer than the richest.

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