Online Pokies (Real Money) Best for Australians

We all know that Australians are making big strides in providing true freedom to their citizens with regards to online casinos and gambling. This is great news for the local Aussie who wants to play a little online pokies for real money. We believe that online gambling has received a bad name for no good reason. Many companies out there are using the same techniques to create the same brain response in their games but they extract money from their clients through in-game purchases. At least at an online casino someone knows what they are getting themselves into before they sign up. These games that induce a GABA response and then ask their players for money without advertising ahead of time with warnings that money is requested of their players are just taking money from their clients through a back door. When you enter an online casino you know exactly what you are getting yourself into. Casinos make it very clear they are there for entertainment purposes only. There are very few big winners. A few hundred reals of online pokies (real money) roughly costs a player the amount of a movie ticket. On average it is cheaper to play online pokies than to go to your local arcade. While Australia is one of the most open countries to online gambling there are still those in government that would shut it down all together. While we believe in moderate regulation, completely banning a pastime that is already extremely popular in the country would drive people to risky unregulated businesses. The Australian Betting Organization at is a perfect example of an organization that balances the rights of people to gamble online, tries to help those who don’t have self control of their pastime, and follows Australias gambling laws. They have a great page about online pokies (real money) at http://www.australianbetting.org/gambling-online/online-pokies/.

There needs to be a balance. There shouldn’t be too many restrictions make on online casinos, bookmakers, and other online gambling companies throughout Australia. If too many restrictions occur that don’t provide an actual benefit to the citizens the industry will quickly go rogue. You’ll notice that rogue casinos already exist throughout the world and it is because the governments have made a market for them. Are we not already familiar what occurs with prohibition? It’s frustrating to see people who are so bent on their crusade that they end up hurting the people they pretend to protect.

How do Bitcoins Work?

As human society improves, technology also advances over time. While it is good to obtain real and actual cash, it’s better to have money in your hands, without them actually bulking in your bag. Bitcoins are virtual coins that are transported over the internet for trading all over the world. They are widely used due to efficient and easy transactions.

The Exchange Rate

Real world currency can be exchanged to bitcoins. The exchange rates vary from country to country and depending on the supply and demand rate. Once you have enough real world currency, you can find websites on the internet that allows exchanging of your local currency to bitcoin.

Bitcoin Ledger

A ledger is a collection of files used to record and total economic transactions measured in terms of a unit of account, in this case, a bitcoin. This ledger is completely decentralized. This means that there is no party in total control of revising the all amounts recorded in the payment network. The only person who can make changes to a certain account is the person who holds the password to that account. The fact that the ledger is not controlled by a third part means that there is little to no censorship. Therefore, you don’t need to ask a third party for permission to spend. Before, there were cases when credit card companies blocked a certain website. This means that the website can’t receive any kind of payment or donation from users under the selected credit card companies. It was a hassle, especially because it limits the rights of users. In a decentralized ledger, like Bitcoin, cases like this won’t happen since the ledger is controlled mainly by people who handle the private key, or key word identification.

Bitcoin Mining

To regulate the supply of bitcoins, there has to be a source to create them. In a real world example, your local currency are generally made of a special kind of paper and printed with various shapes and numbers. These papers are what we call money. Money is created in the national bank, where they make sure that the regulation of money is enough for its people. In bitcoins, there is also a way to obtain coins in addition to bitcoin trading. This is through bitcoin mining. These miners don’t actually use a shovel and dig in the soil; rather they use computers to recreate a value that makes up a bitcoin. They do the accounting to create what we call a bitcoin. The bitcoin network creates bitcoins regularly on a predefined schedule. Upon finishing the accounting of the bitcoins, they are awarded to miners who put in the effort to finalize them for further usage. Many people claim that bitcoins are deflating, which to some, implies that bitcoin creation is abnormally decreasing. The truth is that it is inflating, which means that its creation is continuously increasing until the bitcoin amount created has reached 21 million. When that happens, bitcoin creation would decrease and eventually, no new coins shall be created. The bitcoins would just circulate over time.

Why Bitcoin?

Bitcoins are the same as any other payment system, but why has it attracted a lot of users? Here’s why. First, as mentioned above, there is little to no censorship. Usually, before you use a credit card, you shall have to inform the company. Unlike the Bitcoin system, it is peer-to-peer and users can transact directly with each other. Also, since there is no third party, the costs would be lower. Instead of paying that delivery charge that sometimes costs even more than the actual product purchased, bitcoin network gives a much lower fee of roughly less than $0.15. Due to its user-friendly interface, sending and receiving money has never been this easy and efficient! Since bitcoin transactions occur instantly, the receiving end would obtain the sent coins just as quick. Due to the presence of the bitcoin ledger, it is possible to keep track of previous transactions for further reviewing, given that the person holds the private key to be able to access the ledger. The bitcoin network also practices transparency for users to keep track of the circulating bitcoin currencies around the network.

Concepts You Need To Know Before Joining Online Gambling Games

If you enjoy gambling, chances are, you already know the mechanisms behind casino games – both online and otherwise. However, if you are new to it and are looking to find out how things work, and how exactly odds are arrived at, you might need to know about certain gambling concepts, such as the following, in order to assess your chances, and make the most out of your games.

Unpredictability

Casinos ensure that the games are unpredictable and that the outcomes are random. Online casinos make use of algorithms that should not involve the creation of a pattern that will enable the gamer to predict what will happen next, or for the casino to alter probabilities and consequently, outcomes.

House Advantage

While the outcomes themselves are random, there is such a thing as House Advantage that affects your chances of hitting the jackpot. You have probably heard of the adage that the house always wins. That is not exactly the case; however, casinos do maintain a mathematical ‘edge’ to ensure that they make money, especially in the long run. This is put into effect by two things – the rules of the game, and the odds. The rules of the game, including the equipment to be used, typically favor the house. A prime example is the rule in Blackjack where if both the player and dealer go bust, it is only the player that truly loses. Gamblers are aware of this though and this should be in no way viewed as cheating because it works hand in hand with randomness to still create opportunities for winning. Veteran gamblers are aware of this and puts this into the equation when assessing risks and calculating probabilities during games.

The independence of events

This concept is closely related to randomness and it is one of the things you should be aware of if you’re planning to spend a lot of money gambling. You need to determine whether the independence of events is applicable for a certain action. For example, after throwing the dice and getting 6, what appears the next time you throw it has nothing to do with what appeared when you previously threw it. Most gamblers are superstitious though, believing that certain events could happen as a result of something else, without considering the randomness of such events in mind. For example, they might end up thinking that since they wore red socks the last time they won at the craps table, they are going to win again if they wear red socks. Be careful of that way of thinking.

Skills

The truth is, in many kinds of games, skills do not matter at all (e.g. slots, craps, and roulette). There are, however, certain games where skills and calculation of probabilities can help increase a person’s chances of winning. For example, blackjack and poker are not purely a game of chance. This is why there is such a thing as poker tournaments, and that casinos are wary of card counters.

All of these lead to a single conclusion – that gambling should primarily be viewed as a form of entertainment, as opposed to a way to earn money. If you keep this in mind whenever you play games in online casinos, not only would you be able to make wiser decisions; you would also have a stress-free and more fun gaming experience.