Gambling

If you are interested in any sort of gambling and want to move from a land based casino to online casino then there are two preliminary things which need your attention.  The first one is to find a reputed online casino and the other one is to learn about the popular payment methods for all of your financial transactions.  Being able to transact quickly and securely is of paramount importance.  The other thing is the accessibility and the operational easiness of such method.   There are many popular payment methods provided by online casinos which can be used to deposit and withdraw money.

In order to provide details of such methods, we have gone through and reviewed some of the best options in this field.  The top rated popular payment methods, currently provided by online casinos, include the following.

Debit, Credit, Prepaid Cards

Debit cards are quite popular as a payment method for online casinos.  While using such facility a player transfers the money from his personal bank account to that of the casino.  While doing so no interest is payable to the bank.  This form of online transaction is quite popular in Europe, especially in United Kingdom.  The most popular debit cards include Visa, Switch, Maestro, Electron and Laser.

Credit cards are also quite popular for depositing money.  While using a credit card, a player takes money from a lender on interest.  If he or she is able to return the money in a stipulated time period then there is no interest otherwise a certain percentage of interest is charged.  The most popular credit cards include Visa, American Express and Mastercard.

Entropay and PaySafecard are the two most preferred prepaid payment methods.  The Entropay is a payment method that provides the user with a virtual prepaid Visa card and a prepaid Mastercard.  You can transfer funds in this card by using either debit or credit card.  PaySafe card is quite popular in Europe.  You can buy these cards from authorised outlets.  If a top up is required you can buy it from the retailer.

Online Casino Banking

Online banking is considered as one of the most trusted methods to transfer and receive funds from the online casinos.  The rising popularity of this method can be attributed to the fact that banks have made phenomenal improvements in the security related with online transactions.  The facility to send and receive money by this method is easily available and one can do such transactions from the safety of the  home.  Apart from banks there are other online money transfer service providers such as Neteller, PayPal and Skrill which also help in online deposits for online casinos.

E-Wallet Services

The best thing about using E-wallets is the fact that you can store all your debit and credit card information on a single site.  Whenever a deposit transaction is required you can just select one of your card options to make the payment.  In other words, E-wallet can be described as a type of electronic digital card which can be used for making online payments via a computer or smart phone device and it is password protected.   Some of the top ranking E-wallet service providers include PayPal, Neteller, Skrill and EcoPayz.

Bank Wire

This is one of the greatest money transfer options for the people who are not well versed in online transactions or computer savvy.  This method is used to transfer money from bank or a financial company to other company or individual’ s account.  In order to avail such services, one is required to use wire transaction facilities provided by the local bank branch or a finance office specializing in such activities.  While using wire transfer, it must be kept in mind that there is a fees associated with such transaction.  This fees varies from amount to amount of money being transferred or received.  The other popular methods under this category include money transfer services such as Western Union and MoneyGram.

e-check Services

It is nothing but an electronic version of the good old check.  This method requires much lesser time and resources for each transaction.  By this method, money is electronically transferred from your account and deposited directly to online casino’s account.  This transaction is processed by using ACH network.  This transfer can be also done by a bank or financial company by using the information provided by the payer on a paper check. The e-check is a combination of security, speed and process with that of the infrastructure and the process used for the original check verification system.

Cryptocurrency Transfer

Cryptocurrency is a decentralized currency used all over the world.  In today’s world cryptocurrencies like Bitcoin are used for availing all sorts of services and for purchasing merchandises via online transactions.   As a result, now there are some online casinos which accept cryptocurrency for making deposits and redemptions.  Before opting for such services, it is always better to check whether such transactions are allowed by your state jurisdiction.

Roulette

There are currently many roulette systems which are endorsed by lots of people.  These systems are used to create a chance of winning huge amounts of money or to moderate the house edge enjoyed by the casino. Roulette Paroli system is one of such systems.  This system provides a player with a chance to win a respectable amount of money without risking too much of his bankroll.  Lots of players endorsing Paroli system have suggested that unlike Martingale System the former is much less frustrating and keeps up the positive attitude of a player even during an unfortunate outcome of a loss.

Roulette Paroli System

This system can be best described as a progressive positive betting.  Even its name “Paroli” is derived from the Latin word “Par” which literally means equal.  If we want to describe Paroli system in simplest term than it includes doubling the wager after each consecutive wins till three wins are achieved.  This roulette system came into existence during the sixteenth century and it was first used to achieve favorable results in an Italian card game known as “Basset”.  Today this system is in use to manipulate casino games such as craps, Sic Bo, Pai Gow and even Blackjack.

How does Roulette Paroli System Works?

The main objective of this system is to attain three consecutive wins one after another, while doubling the wager with each successful win.  A player starts the game by betting a single unit on one of the outside such as colors, even/odd or 1 to 18 or 19 to 36.  For example if a player is playing roulette then he starts betting on black with a single unit of money.  If the initial wager loses then he again makes the same bet.  The player is required to continue this type of betting called “Flat Betting” till a win is achieved.  Then after the win the next bet will be in the form of two units.  If this wager loses, the player is back to square one and starts flat betting of one unit.  On the other hand if there is a win, then instead of two units, the player will wager with four units into the final bet.  This type of wagering can give a player a profit of seven units or a limited loss of only one unit.

We have taken a progression of three bets in a row as an example.  If you want to have more progressions than this number then you must decide on this before starting in the game.  Always keep in mind that while opting for more progressions seems quite attractive, risk also increases with number of progressions.

The Pro and Cons of Roulette Paroli System

The whole logic supporting this system depends upon the theory that wins and losses come in streaks.  So a player can maximize his returns by betting heavily during the winning streak and control losses by betting less in losing streak.  This system further ensures that a player does not risk more than one wager from his own bankroll.  The negative aspect of this system can be attributed to the fact that accumulation of one unit in multiple losses can go beyond the seven unit win theory propagated under this system.

Blackjack

The blackjack MIT team was a group formed by students from the world’s top universities such as Massachusetts Institute of Technology, Harvard University and Harvard Business School.  This group specialized in creating and implementing card counting or card reading techniques.  The team then used these techniques to take advantage in the game of blackjack at the casinos throughout the world.  MIT team and its successors dominated the gambling scenario from 1979 till the start of 2000.

Even today there are many societies and groups which are following the trend set up by the MIT team.  The most important and foremost aim of these groups is to find ways to beat the undue advantage shared by the casinos all over the world.

First Blackjack MIT Team

In the late winter of 1979, J.P. Massar, who at that time was providing the blackjack course, was contacted by a professional gambler to create a group of card counting students.  The main objective behind the conception of this team was to take advantage of the new law passed by New Jersey Casino Control Commission which prohibited the casinos under its jurisdiction to ban card counters.  Under this new ruling, casinos were allowed only to ban card counters individually.

In the due course of time, a group comprising of four card readers, a professional player and a financier formed the original team.  This team then selected Atlantic City as their operating area and started recruiting more students from Massachusetts Institute of Technology to execute their operations.  This team worked on the casinos of the Atlantic City for a year and was able to create a fourfold increase in their basic bankroll.

Post 90s Blackjack MIT Team

By the start of 90s, this team became unbeatable with more members included into the original team.   The members of this team became regular visitors at Las Vegas casinos.  It is also stated that this team was so successful that they mopped more than $400,000 in just one weekend.  The team used card counting in order to predict the outcome of the game.  The players were trained to read cards and to memorize those cards which have been dealt along with the ones which remained in the shoe.  They used their memory to work out how many high cards could be dealt in their favour thus increasing the chances of their win.

The Modus Operandi

This team visited Las Vegas casinos on every weekend. After selecting a particular casino, a card counter was deployed to sit on the blackjack table to count the cards.  Once he or she was assured that the high cards are to be dealt by the dealer, a signal was given to the other players of the team to join in the game.  The other players acted as high rollers and wagered with big amount of monies.  These big bettors kept on wagering till the card counter signalled them to get out of the game.

End of Good Times

The Blackjack MIT team successfully used their techniques to win millions of dollars from the casinos for a period of time.  It was a matter of time that the casinos became suspicious of their activities.  Investigation agencies also got involved in this case and they started tracking the MIT kids.  Soon their modus operandi was out in the open and the members of the team got blacklisted from the casinos.