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While the Kentucky’s Senate passed a bill permitting a new form of gambling, their house counterparts are ridiculing the idea that ‘instant racing’ sports betting is more than a camouflage for slots. Members of the House continued to thrust for video lottery terminals, which they concede as slots, as an answer to the state’s besieged horse racing industry. Senators, who refuse to regard the slot plans, are categorically stating that racing involves a certain level of skill, segregating it from pure slots gaming. Supporters however have expressed that the measure could actually double the purse supplements, which is now being provided to horses, bred in Kentucky.

Sports betting revenues are hitting a new ceiling with amounts reaching approximately 4 billion euro in 2009, with more than 3,989 million Euro bets placed along with a 2.1% increase collected from the 2008 sector. In 2008, there was a 50% increase in sports bets and over the 2,591 million euro bets placed in 2007. On the other hand, online sports betting has done better, with total revenue of 1207.6 million euro, representing a hike of 12.9% over the 1069.7 million received in 2008. Online wagering in 2009 has increased to 30.3% of the total amount collected.

Former CEO of the BetOnSports, David Carruthers was sentenced earlier this week to 33 months in prison for racketeering conspiracy in connection to BetOnSports welcoming online sports betting from American residents over the phone and Internet.

Irish online casino gaming provider, Cryptologic, is on the verge of signing an agreement with multi-national online sports betting operator, Betclic and is planning to set up a series of new games in alliance with multinationals DC Comics and Paramount Digital Entertainment.

There has been a steady shift of players from land sports books to online casinos and this is taking a heavy toll on the land based casinos of Las Vegas. Already the recession has caused a severe dent in the revenues of land based casinos.

Since the UIGEA was passed, most of the US online casinos have had difficult times when it came to payment processing. There is failure with credit cards, eCheck payment method is also disappearing from the market and players are left with minimal options to make deposits at online casinos. Luckily, there is a new payment method that is free from any banking restrictions providing safe and easy transactions. While some jurisdictions restrict the use of credit cards, the eWalletXpress method of making deposits is widely accepted and used for making online casino deposits.

Constantly we come across the word ‘house edge’ and keep wondering what does this signify and how does it impact your gambling time! The house edge is the average percent of each bet placed that is rightfully due to the online casino! In some instances the casino wins and the players lose and vice versa! On averaging out the wins and the losses you will come to the conclusion that the casino always makes profits and that’s how they remain in business!

As an ardent lover of online casino games you may lose track of the time you are spending on an online casino, and miss out on personal things perhaps. Time is a factor which a player needs to keep in mind since exceeding the time limits while playing brings its own woes and problems. Therefore keep a watch on the clock and avoid entering the problem gambling zone!

Almost every player, from a total beginner to a professional, is aware that casinos are an entertainment business which makes money off of its players. How do you think new billion dollar resorts are built? Obviously, from the combined loss of all the players! Online casinos provide players with better odds than the land based casinos. But all casino games have an advantage for the casino which is known as the ‘house edge’. This proportion represents how much the casino expects to make from every wagering unit placed by a player. For example, the house’s edge in American roulette is 5.6 %, so, for every 100 credits bet, you can expect to forfeit 5.60. This may not sound like a big amount, but consider a million bets and it adds up to quite a sum.

Cristiano Ronaldo is definitely doing much better than some of his co-football players. In fact, this Portuguese soccer icon is the world’s highest paid player earning up to £180,000 a week and with being the most expensive footballer to date. He cost Real Madrid a massive £80 million. Noting his gleaming smile and waving to more than 75,000 Madridistas watching him few weeks ago at the Bernabeu Stadium was truly a convincing signal that he is quite a happy man.