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5 Easy Ideas to Boost Your Income in 2021 – Texasnewstoday.com
Posted: September 24, 2021 at 10:31 am
More and more people start looking for ways to live a more comfortable lifestyle keep up with the latest gadgets, afford more frequent holidays, and simply avoid living paycheck-to-paycheck. Sadly, it is often impossible with only your 9-5 job that covers only the basic needs. As such, the popularity of side gigs grows in popularity these days.
There are numerous options available today to increase your income and improve your quality of life. To provide you with some ideas, we have prepared a short list of ways to boost your income. They range from ridesharing and selling photos or crafts to online betting, writing, and affiliate marketing. Read on to get inspired and start making more money!
The popularity of online betting is rising fast, especially among the younger generation. Its no wonder all you need to do is sign up at an online bookmaker and start placing bets on sports events or playing casino games. The best part is that you can do it from anywhere in the world, whenever you want.
However, to boost your income through betting, you will need to spend some time researching the market, reading a Bet365 review, and more to find the best online bookmakers for your country. Whats more, to maximize your profits, you should be able to predict the outcome of the game to increase your chance of winning. Its an excellent option for those already following sports.
Ridesharing is quickly becoming one of the most popular ways to make money on the side. More and more people use their cars to transport people or even groceries, getting paid for it. The most popular options are Uber and Lyft, but many other similar apps exist.
If you have a car and a valid drivers license, it may be worth looking into this option. Driver requirements vary per service often, they require both a vehicle that meets specific criteria (e.g., must be older than four years) and insurance. However, even if you dont have a car, all is not lost yet, as you can easily rent one.
Some people are incredibly talented, and they can sell their art online. There are many websites where you can sell your photos or crafts to earn money. For example, Etsy is a popular platform that focuses solely on selling handmade items, while sites like Shutterstock offer the opportunity to sell digital photos.
Its important to note that selling any type of digital content is a bit more complex than selling a physical product. Not only do you need to take high-quality pictures, but you also need to have a good marketing strategy in place. However, the returns can be quite rewarding, especially if you have a large following.
If youre a fan of writing, it may be worth considering becoming a freelance writer. There are many websites that employ writers to cover various topics. You will need to research your options thoroughly, but it can be an excellent way to earn extra money.
Whats more, it doesnt matter what you write about you can write about anything you enjoy, from fashion to cars, or even nutrition. The possibilities are endless. However, you should be prepared to work hard and put in considerable effort for little reward at first. With time, you will see remarkable results.
Writing takes many forms, including copywriting, which is writing the text for advertising purposes. Its similar to blogging but more focused on selling a service or product. If you like writing and want to make money fast, you should consider this option, too!
Affiliate marketing is another popular way to make money online. If you have a website, blog, or popular social media account where you regularly post new content, you can use affiliate marketing to earn money by promoting products. When someone clicks on the link and buys a product or service, you will get a commission.
There are numerous affiliate marketing platforms available today. You just need to sign up on one of them and pick the products you want to promote on your site or account. You can also promote special offers for holidays, Black Friday deals, etc. The affiliate platform will provide you with banners, text links, and other promotional tools to help you attract more customers.
Earning money through these platforms is very easy and convenient, but it is also essential to keep in mind that your efforts will not always bring the desired results. For example, if you do not have a large audience yet, you will not make much money from blogging. However, if you stick with it over time, you will be able to gather more followers that will drive traffic to your site and increase your income.
In conclusion, there are many other ways to boost your income. They may take a bit more time and effort, but its well worth it. The best part is that they are not limited to your job description either you can use your skills and talents in any situation. Take the idea you love most and turn it into a business. You will soon see how it can change your life for the better! Some of the options may not make a lot of money immediately, but if you continue working on them, you will see great results in the long run.
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The future of real money casinos: virtual reality – South West Londoner
Posted: at 10:31 am
The world of casinos is changing. At the start, the concept of casinos was different from what it is now.
There was a time when casinos worked very conservatively, with a dealer sitting at one end of the table and participants on the other side.
The fast-moving technology is changing all such concepts and techniques of real money casinos.
It is a time when hundreds and thousands of people are enjoying the real casinos by sitting at their homes with smartphones in their hands.
Another significant development that is engulfing real live casinos is virtual reality. It is considered the future of casinos and gambling.
Virtual reality is an artificial environment generated by the computer where the user feels the real effects of scenes and objects that appear accurate.
This is one of the significant contributions to computer technology: it puts the user in an entirely different environment by sitting at home, in the same room where the user watched all the old things present.
This artificial environment is perceived through a device known as a Virtual Reality (VR) handset or helmet.
This creates such an environment where if the users are playing a video game, they will have a sense of the games characters.
VR is the future of real money casinos.
The technology which was awaited for a long time is finally here now.
Using the VR lets users have the full-blown immersive high-end experience of the casinos by just putting the virtual reality handsets.
The users can play the games with real live dealers and other participants.
Not only this but the communication can also be made with all the participants from the comfort of the homes.
This could be a significant change in the history of casinos and gambling.
Virtual reality and the real money online casino could be a great match.
Although it would be expensive to make all the setup at the start, it would be much easier and cheaper to run the whole system once it is established.
There would be no need for expensive studios, cameras, and lights.
Imagine a situation where a user sits on his couch wearing the virtual reality handset and playing the game while interacting with all the participants.
The same would be the case with a dealer who will also be managing the whole game by laying on his bed.
The participants of the game and dealer would be there, but the customer service agents and affiliate agents would all be there to serve the players and help them out.
That would be an extremely incredible view to watch, and this would set up a whole new trend in managing real money casinos.
Every new technology has its pros and cons and there are some factors where the scientists have to do a lot of work in virtual reality casinos.
The fact that it would be expensive to use needs to be addressed.
It could also be very addictive as it would be readily available even on the beds and couches.
So these are few points that need some attention, but otherwise, this combination of virtual reality and real money casinos will revolutionize online gambling.
This innovation will altogether change the old methods of gambling and casinos.
Not only for the participants of games, but it will also be a game-changer for the business owners.
They will not have to make huge setups, organize their securities, spend a significant expense on energy, and create a comfortable environment.
At the start, it could be a hard step to take, but once it is started, it would be something that will last longer in this world.
Categorically, it can be said that the future of real money casinos lies in virtual reality.
Especially when the world is undergoing a pandemic, and the trend of doing such activities by sitting at homes is increasing, virtual reality can be a game-changer for the gambling industry.
If the pandemic continues for a few more years, it could setback the live casinos.
In such a time, virtual reality will be a blessing where players will also get a chance to feel the real experience without going anywhere and business owners will also be happy to establish their businesses in a new way.
Adam Lane, the editor at OnlineCasinoHEX.ca, has great experience in online gambling. His author page ishttps://onlinecasinohex.ca/author/adamlane/
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Top Effective Ways of Making Money Online – Wales247
Posted: at 10:31 am
Making money on the Internet is no longer considered something special or unusual. Many people are already getting their income from online activities. And there are many of those who prefer to work remotely or choose freelancing as their main source of income. There are more than enough opportunities to achieve this goal. Lets take a look at the most profitable and high-potential options.
Traffic arbitrage is a promising and affordable way to make money. To generate profits, all you need to do is to redirect visitors from one site to another. An arbitration specialist finds potential customers on a specific site, places targeted ads there, and redirects people to another site. Traffic arbitrage is an easy way to make money on the Internet; it is available even for beginners. This allows people who want to step into this business to start making money quickly and without large investments.
In this case, to work with the web traffic, you dont need a blog, website, or social media page. Of course, such platforms will come in handy in the future and make your job much easier. But you can start your career by using external pages.
The pros of arbitration:
The cons of arbitration:
Like any other business, arbitration requires a planned approach and maximum understanding of the processes. In the long run, a diligent newbie can make $150 or more per month, and an experienced affiliate marketer can earn thousands of bucks.
In 2021, it is quite easy to make money on digital content production. Although the number of people creating content in the virtual space is just huge, your services can still be in high demand if you create something special and authentic be it blog posts, graphic elements, videos, or any other types of digital assets. To win a lot of customers, you need to create not only relevant and unique but also high-quality content.
The main advantage of this method is that you will not need to make almost any investment, depending on what you decide to do and the content type you decide to create. However, to offer good quality content, you will need to invest in either software or hardware.
The pros of digital content production:
The cons of digital content production:
If you decide to try yourself in this business, you should approach it seriously. Only in this case you will build a solid customer base and can count on regular and large-scale income.
You can make money playing games online. There are many gambling platforms on the web, and most of them allow winning cash prizes. Taking into account that most land-based casinos and offline gambling halls are closed, online gaming becomes a worthy alternative.
To start making money, you need to find a reliable Neteller casino online and pick the game with a high RTP. Thus, your winning odds will be maximized, and you will have a real chance to land money in your pocket. Besides that, there are different bonuses and special offers at online casinos. So you do not necessarily need to invest bucks in the game to win some cash.
The pros of online gambling:
The cons of online gambling:
There are different ways to make money playing video games. You can always play yourself and bring money home. At the same time, you can also teach others how to make money playing video games and earn in this way.
Freelancing is still one of the most popular options for making money online. There are many sites like Freelancer and PeoplePerHour that are full of people selling various services. And you can become one of those who find their customers and sell their services online. If you want to make money online through freelancing, and you have knowledge in the field of information technology, social networks, communication, etc., then there is a green light for you.
There are many other freelance platforms out there. You can even register on multiple sites to speed up the process and earn more. However, it is important to remember that at first, you will be working for little money until you meet satisfied clients, people willing to work with you, and those who recommend your services to others. Success takes consistency, and consistency takes time. So please dont expect to get rich next freelancing year.
The pros of freelancing:
The cons of freelancing:
The stock market is arguably the largest in the world, and if you really want to make big money online, then this option should be definitely considered. In 2013, more than $60 trillion was sold in all the stock markets of the world. This is more money than the amounts involved in circulation around the world. The stock market is essentially a centralized network. And the price of each share of a company is determined by the constant rate at what investors/traders value the company.
The pros of trading:
The cons of trading:
Companies sell their shares on different stock exchanges. The Canadian and American exchanges are the most popular for most investors, so if you live in these two countries, youre in luck. However, you can make money on the Internet in the stock market from anywhere in the world. By investing in stocks, you are allowing the company to grow. For example, Facebook could grow from $1 billion to $20 billion overnight. This makes the founders and board members 20 times richer. If you are investing in a future company with a profit of 1 to 5 years, remember to take inflation into account.
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PlayAttack and the casino brands represented by the affiliate program receive the ONJN license – AffiliateINSIDER
Posted: September 4, 2021 at 6:07 am
PlayAttack, the affiliate program behind the popular casino operators SlotV Casino, Frank Casino and Mr Bit, is excited to announce that these brands now also operate under the Romanian Gambling license and are ready to accept Romanian players to the relevant domains.
Mr Bit Casino also operates under a Malta Gaming Authority (MGA) license, whilst Frank Casino and SlotV Casino operate under both the MGA as well as Swedish Gambling Authority (SGA) licenses. After being granted a license by the Romanian National Office for Gambling (ONJN) on the 1st of June, 2021 (License No: L1213854VW001295), SlotV, Frank Casino and Mr Bit are now accepting players from Romania.
At the moment, the three online casinos are in the process of adding additional payment methods and broadening the range of casino games available to guarantee diversity in their offerings and flexibility to their players.
Furthermore, PlayAttack Affiliates has been awarded the Class 2 license (License Number: 1421/29.07.2021) by the Romanian National Office for Gambling (ONJN), and, therefore, are eligible to promote the three brands in the Romanian market.
The three brands all offer something different to players in terms of themes. Mr Bit offers players a cybernetic experience led by two virtual mascots. The first being Mr Bit himself, a robotic cat, and his artificial intelligence assistant,K@te.Similarly, SlotV Casino is a space-themed casino operator represented by its two mascots, the spaceship captain, Victor, and his trusted companion, Winner the Jack Russel dog. Finally, Frank Casino offers players a classy experience, with an added dimension of mystery around who Frank might be. If players choose to register with any of these casinos, they will find a range of enticing welcome offers and an impressive selection of games.
Head of Affiliates, Jelena Oceretova, had the following to say on the news:
We at Playattack are very excited to join another thrilling market in Romania! We are inviting affiliates with a Class 2 license to check out the newly licensed casino brands. We are very ambitious regarding the market and are happy to hear from affiliates about their offers!
Get in touch with the programs dedicated team of affiliate managers ataffiliates@playattack.comto start driving traffic to the newest Romanian-licensed brands, SlotV, Frank Casino, and Mr Bit.
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7 Best Bitcoin Casinos and Crypto Gambling Websites – The Leader Newspaper Online
Posted: August 22, 2021 at 3:36 pm
Bitcoin and Cryptocurrency first appeared in 2009 and became popular in 2011 when it was more accepted by the the international community.
These monetary instruments are different from traditional currencies for various reasons but the main one being that there is no regulating institution such as the central bank.
Over the years several high profile Bitcoin Casinos and Crypto Gambling websites have popped up and here we list the seven best and safest Bitcoin Casino and Crypto Gambling websites which you can visit and enjoy.
Betfury is a Bitcoin casino which offers a multitude of benefits. This Number One i-gaming platform offers games and sports betting with daily payouts and a lucrative affiliate scheme for those bustling internet entrepreneurs.
On Betfury, you can enjoy in-house games such as Dice, Plinko, Crash, Keno, Limbo, Cryptos, Circle, and Hi-Lo which all have unique designs, interesting features, and attractive Bitcoin jackpots! You can also enjoy more than 3500 slot games including high rollers such as Hotline, Fruit Spin, Vikings, Gorilla Kingdom, and Jack and the Beanstalk.
This sport and gaming giant has more than 800.000 accounts, $2.8 billion turnover (74.380 BTC), $40 million staking payouts (1.062 BTC), and has paid more than $7 million (186 BTC) in cash back.
Bitcasino.io What Is It All About?
Stake offers easy signup, instant withdrawals, and exclusive VIP benefits. In addition, Stake is regulated by Curaao Egaming authority, provides regular sports promotions, and offers a low house edge.
On Stake you can play originals such as Dice, Crash, Keno, Limo, and Mines or you can enjoy Bitcoin gambling on slots such as Fruit Party, Money 2 Train, and Book of Shadows. Live crypto casino also offers games including Blackjack, Baccarat, and Craps.
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The 10 Worst Free Agent Contracts Of The Salary-Cap Era – Casino.Org News
Posted: at 3:36 pm
Free agency is rarely a good place to spend money as an NHL general manager.
Teams typically have to overpay to lure talented free agents away from their previous teams, and with a hard salary cap, these moves particularly the ones with longer term tend to age worse.
These are the worst free agent contracts ofthe salary-cap era (2005-06).
Position: Left wing
Year: 2019
Thecontract/team: 8 years, $72 million with the BuffaloSabres
Theskinny: How can a contract be so bad so soon? Considerthat the COVID-19 pandemic has forced a flat salary cap for the foreseeablefuture in the NHL, and Skinner is clogging up almost 10 percent of Buffaloscap for the next six seasons.
Thatd be a problem if Skinner were producing at an elite level, instead he has scored just 21 goals in 112 games and already been a healthy scratch over his two seasons since he signed the deal.
Did we also mention theres six more seasonsleft?
Position: Goalie
Year: 2011
Thecontract/team: 9 years, $51 million with the PhiladelphiaFlyers
Theskinny: The Flyers signed Bryz to be their franchisegoalie, and he was one of the great characters in hockey, and this contractfortunately gave us all insights into his belief system via Philadelphiasappearance on HBOs Road to the Winter Classic series in 2011-12.
Bryzgalov played just 99 games in a Flyersuniform, posting ghastly numbers (.905 save percentage, 2.60 goals-againstaverage) before they bought out the contract after just two seasons.
Making matters worse, the Flyers offloadedfuture star Sergei Bobrovsky in 2012 to make room for Bryzgalov in net.
Position: Right wing
Year: 2013
Thecontract/team: 7 years, $36.7 million with the TorontoMaple Leafs
Theskinny: Clarkson was a 30-goal scorer in New Jerseywhen the Maple Leafs made him one of the highest-paid players of the 2013offseason.
The contract was panned at the time and madeworse by the fact Clarkson scored just five goals in 60 games in the firstyear.
He spent only a season-and-a-half in Torontobefore he was traded to Columbus. The Blue Jackets employed him for just 26games before injuries derailed his career.
Position: Left wing
Year: 2016
Thecontract/team: 7years, $42 million with the Edmonton Oilers
Theskinny: Lucic was a stalwart for the Boston Bruins,helping them to the Stanley Cup Final twice and a Cup win in 2011.
After a year in Los Angeles, Lucic wasrewarded with the long-term deal in Edmonton that was widely panned from themoment it was signed.
But his heavy style of play aged poorly, andEdmonton traded him to rival Calgary in 2019, where hell undoubtedly play outthe remainder of his contract.
Position:Left wing
Year: 2011
Thecontract/team: 6 years, $27 million with the BuffaloSabres
Theskinny: Leino parlayed a career year in Philadelphiawhere he scored 19 goals and had 53 points into the long-term contract inBuffalo.
But Buffalo tried to make Leino a center, andthat backfired as Leino had just 10 goals and 46 points in 134 games for theSabres before his contract was bought out after just three seasons.
Position: Center
Year: 2014
Thecontract/team: 5 years, $27.5 million with the FloridaPanthers
Theskinny: Bolland was a hero for two Stanley Cupchampionship teams in Chicago and cashed in by signing the huge contract withthe Panthers as a 28-year-old.
However, he played just 78 games and postedonly 28 points in a Florida uniform before injuries forced him out of theleague.
Bolland received his entire contract despitethe fact he could not play beyond the 2015-16 NHL season.
Position: Left wing
Year: 2014
Thecontract/team: 5 years, $25 million with the BuffaloSabres
Theskinny: Moulson earned the contract by playing withJohn Tavares, but when he was no longer playing next to Tavares his productioncratered.
Moulson scored 30-plus goals in threeconsecutive seasons with the New York Islanders, however in Buffalo he scoredjust 35 goals in 239 games.
He was exiled to the AHL placed on loan withthe Kings minor-league affiliate for the final two seasons of the contract.
Position:Defenseman
Theyear: 2008
Thecontract/team: 6 years, $39 million with the New YorkRangers
Theskinny: Redden was a perfectly serviceable defenseman,however he was 31 when he signed a six-year contract in a league that wasgetting faster each year.
Reddens foot speed diminished quickly, and heplayed only 156 games in a Rangers sweater before they banished him to the AHLin a cap-savings maneuver. His contract was bought out by New York in 2013.
Position: Defenseman
Year: 2008
Thecontract/team: 4 years, $14 million with the TorontoMaple Leafs
Theskinny: Finger was 28 and had played just 94 NHL gameswhen he signed his multi-year contract with the Maple Leafs on July 1, 2008.
Then-Toronto GM Cliff Fletcher had to justify the deal from the start, but it quickly became indefensible as Finger scored just 33 points in 105 games before his contract was buried in the AHL.
Position: Left wing
Year: 2009
Thecontract/team: 11 years, $85 million with the TampaBay Lightning
Theskinny: Lecavalier was a star who had delivered theStanley Cup to Tampa when he signed the lengthy, back-diving contract thatonly wouldve expired after the 2020 season.
However he was 29 when the deal kicked in, andhis skillset diminished shortly thereafter.
The Lightning bought out Lecavaliers dealafter just four seasons when the NHL gave teams compliance buyouts after the2013 lockout.
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1xBet Partners: An affiliate program that stands out from the crowd – Casino Review
Posted: August 20, 2021 at 5:57 pm
Casino Review: How important are affiliates to the betting industry and, in particular, 1xBet?
1xBet Team: The mechanics of affiliate programs make affiliates a vital part of any industry. Betting is no exception because also, thanks to partners, brands manage to increase growth rates. This is quantifiable, with key indicators being new users, deposits, player activity.
We have great respect for the 1xBet affiliate program participants who introduce their audience to our brand. We have more than 30 thousand partners from all over the world on our side, and this list includes both the owners of huge sites and novice bloggers, for example.
The contribution of each affects the results that we achieve. Therefore, a partnership is a two-way road. After all, we, in turn, offer affiliates favourable terms of cooperation.
CR: What is the key to a successful affiliate program?
1xBet Team: Today, the number of affiliate programs is growing, including among bookmakers, and you need to be able to stand out. How to do it? There may be different approaches here: someone offers high commission rates, someone has an original approach to communication, and someone invents new models of cooperation.
We constantly evaluate our work in the area of partnership programs. Our positive results are reflected in victories and nominations at prestigious awards. For example, this year, we were nominated for the Affiliate Program of the year at the Global Gaming Awards. This is a good sign that we are continuing to move in the right direction.
CR: How has 1xBet assisted its affiliates to overcome challenges and reach their target markets?
1xBet Team: An affiliate program is a good opportunity to make your project profitable. For many of our affiliates, working with us is their primary source of income.
We are fully aware that partners have their own goals and challenges, and therefore we make collaborating with us reliable and orderly. Each partner can count on feedback and receiving exclusive materials for publication. We stand for quality, and we need partners to convey information about our brand correctly.
1xBet Partners is a story about healthy partnerships, where both parties try to give their maximum to achieve the optimal results.
CR: What feedback have you received from affiliates over the last year?
1xBet Team: We have received many positive messages from affiliates. 2021 is turning out to be a great year because its been an exciting sports season: the Euro, the Olympics and dozens of other events. Therefore, we prepared various large promotions for all these activities.
This allowed partners to monetise their traffic, and for us to introduce new users, who could bet on their favourite sports, to this feast of sporting action.
Lets not forget that 1xBet is also a prominent player in the esports arena. We have major agreements with ESL and WePlay, an excellent range of betting options, plus attractive promotions dedicated to top tournaments. This only expanded the potential for cooperation with us, especially for those sites that do not gravitate towards sports.
In short, the partners are excited about how things are going in 2021. We are too.
CR: How do you plan to continue to support and help grow your affiliates in the future?
1xBet Team: We have a number of ideas on how to make our affiliate program even better. Of course, we are constantly working on improving what we have, but we also have new ideas in our plans.
We would not want to reveal all our cards yet, but the partners will definitely be happy with any new methods adopted by 1xBet Partners. Stay tuned!
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Why was Roshtein banned from Twitch? Casino streamer confirms ban on Twitter – HITC
Posted: at 5:57 pm
Popular streamer Roshtein has just been banned from Twitch, and fans think they know why.
Twitch is not afraid to ban users when they breach their Terms of Service, and the site has banned some of its biggest creators in the past including Dr Disrespect, Ice Poseidon and Phantoml0rd.
Just last month, gaming streamer Adin Ross was banned from the platform for the fourth time after he was streaming live on his mobile phone whilst driving.
The latest person to lose their streaming rights is Roshtein, but who he is? And why did he get banned? Heres what we know.
Ishmael Swartz, better known online as Roshtein, is a Swedish casino streamer.
He streams live videos of himself playing casino games on Twitch and often wins large sums of money.
Roshtein has been streaming on Twitch since 2016 as is now one of the most well-known online casino streamers.
He is also big on social media, with 94,000 followers on Instagram and 51,000 on Twitter.
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On Tuesday (August 17th), Roshtein was banned from Twitch.
He announced the news on Twitter, simply writing: Banned on Twitch.
At the time of writing this, its unclear whether the ban is permanent, or if he will regain access of his account.
The exact reason why Roshtein was banned has not been announced, but fans think it is related to new affiliate link rules.
This week, Twitch announced that it was banning affiliate links and referrals for online gambling in order to crack down on the promotion of gambling by streamers.
In a Creator Update, Twitch said: To prevent harms and scams created by questionable services that sponsor content on Twitch, we will prohibit sharing links and/or referral codes to sites that offer slots, roulette or dice games.
Users had until August 17th to remove all of their links, and it was revealed that people who did not remove all their links would face penalties.
Fans think that Roshtein was banned because he didnt remove all of his links, with one fan claiming on Twitter that he still had a casinos logo on overlay which breached the new rules.
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Why was Roshtein banned from Twitch? Casino streamer confirms ban on Twitter - HITC
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Is Now a Good Time to Start an Online Casino in India? – Inventiva
Posted: at 5:57 pm
For about a decade or decade and a half, the online gambling industry has been blooming in Europe. More than 3,500 casino sites are available and new ones are being launched every other day. While many claim the European market to be a saturated one, India just recently became a hot topic in the industry. This country has long been neglected due to its poor internet connections and low acquisition value of players.
However, as internet connections have improved, harsh regulations have hit several European countries and businesses have found it difficult to compete with each other, many have turned their eyes on India. A market relatively untouched which holds a population equal to all countries in Europe times two.
This leads us to the topic. Is now a good time to start an online casino in India? The answer is both yes and no. Its a complicated matter and to answer it, we have to look at several different factors.
Currently, India has strict laws on gambling. Opening an online casino business within the country is not an option as you will be penalized for it. The law can, however, be easily bypassed by opening the business in another country. Many established gambling sites that have chosen to target India are located in Malta, while new ones that are more Asia-centric are located in the Philippines.
As long as the company is not located in India, it is not a problem to offer online casino services to Indian residents. There is no law against it. However, an important factor to consider is the potentially changing climate in the country. In Maharashtra, Andhra Pradesh, Telangana, and Tamil Nadu it is in fact illegal for residents to partake in online gambling. In other states its fine, but this could quickly change.
Nevertheless, if you want to open an online casino, you will have to move out of India.
Opening an online casino from scratch requires a lot of work and a big pile of cash. The things you need and the start-up prices for these include the following:
Casino games: $200,000 $300,000Gambling license: $20,000 $200,000Casino website: $1,000 $5,000 Cash reserve: $200,000 $500,000
On top of this, you will also have on-going costs such as:
Payment processing: $15,000 $30,000 / monthCustomer support: $15,000 $25,000 / monthLicensing renewal: $10,000 $15,000 / yeahMarketing: $0 $100,000
While expensive at first glance, many of these costs can be heavily reduced in one way or another.
For the Indian market, UPI and NetBanking are by far the most commonly used payment methods. These are a must to offer to have any chance of generating players. On the other hand, debit cards like Visa and Mastercard are rarely used. Thus, these methods could be excluded to cut some costs.
It is true though that you wouldnt save that much by doing so. These payment providers only charge a fee per transaction, which in turn could be put on the player if you wanted to. Some casinos do this.
There are many ways to market a new online casino. The most cost-efficient method is to be promoted by affiliate sites. An example is being included on a top list of UPI casinos.
Affiliate sites are businesses that rank well on Google by rating and reviewing online casinos. Depending on their ranking, they can bring in thousands of visitors every day and when sites rank for search-terms such as the best UPI casino in India, the visitors intentions are clear. They want to gamble.
Making deals with affiliate sites to be listed on them is therefore an efficient strategy. It is often possible to work on a revenue share model alone, which means that they will earn a percentage of what the casino owner earns from each referred player. For this, an affiliate platform such as Netrefer is required. This is where all players that have signed up through the affiliate site are tracked.
Gambling licenses come in many different forms. Some of the options include:
In European markets, having a European license is a sign of trust. This is not as important for the Indian market, which basically means that you could settle with the cheapest license. This would be the one from Curacao eGaming.
An option of creating an online casino from scratch is using a white label. Put briefly, this is a purchasable package that comes with everything you need, allowing you to get started with your casino in no time.
Basically, you receive a template website that can be customized, which already has a ton of games on it. Payment processing and support is outsourced and handled by a third party. The application for a gambling license is simplified by leaving this to a team of professionals.
White labelling is not only a convenient option, but it is also much cheaper than starting a casino from scratch. The price tag could potentially land at $10,000. However, white labelling does come with its own drawbacks. Those who provide the service will charge revenue fees, which means that your income will be lower.
Online casinos make all of their profits from players who lose money on casino games. While luck always plays a role in a players results, all casino games are designed to be in favor of the house. In other words, as a casino owner you will always win in the long run. The profit is around 2% 4% of the money that a player wager. So, if a player stakes $100, the profit is estimated to be $2 $4.
The entire online casino industry is currently worth $50 billion. If we divide this with the current number of online casinos, each gambling site is worth approximately $14 million per year or $1.2 million per month. Of course, this is not entirely true as more successful casinos have a bigger share of the pie.
Focusing on India only, it is also important to note that India is just a small part of the above. However, the market is rapidly growing. In 2016, the online gaming industry in India was valued at $543 million and in 2020 it had increased to $1 billion.
As the country is continuing its development, the value of the gambling industry is likely to keep rising. The only thing that can prevent this is lawmakers illegalizing online casino gambling.
The more developed India gets, including easier access to fast internet and higher salaries that allow for a better standard of living, the more online gambling will increase. This is evident from looking at search-terms. For instance, in the past 12 months, searches on casino online have gone up 40% in the country.
Unfortunately, we dont know how many casinos are targeted towards India, but browsing the net its clear that its only a small part of all that exist. And by targeting we refer to things such as:
Making a rough estimation, we would say that only 4% of all casinos or roughly 150 online casinos offer the above. This is a very small number, especially considering the fact that India is home to 1.4 billion people. Thus, there is, without a doubt, money to be made from the Indian online casino market.
As only a small number of online casinos are targeted towards India, one could possibly launch a site similar to any other and make it successful. However, for those who want to beat any competition, there are great opportunities to cease.
Teen Patti and Rummy are two highly popular games in India. Currently, there is no good site that were aware of that is offering real money Teen Patti to be played competitively against other players. The only option is playing the game against a dealer in a live casino, which is not nearly the same thing.
Rummy sites come in plenty as this game is actually legal in India. Therefore, India based companies are allowed to offer it. However, none of these companies offer casino games as this is illegal and ironically, no good online casinos offer Rummy. Heres an opportunity to stand out as well.
With all things considered, entering the Indian online casino market is a medium to high risk and medium to high reward type of investment. The market is far from saturated and based on an increasing number of searches, more and more Indians are looking to gamble over the internet.
However, to make the most of it, one may have to act fast as established casinos already have their eyes on India. For them, making the transition of adding India as a target market in their already existing portfolio of sites is a lot easier than starting a business from scratch.
Other risk factors include laws that can change at any moment. Just recently, laws were introduced to ban online gambling in a couple of Indian states and more could follow soon. While seemingly unlikely to affect all states in India, every ban will affect revenue in a negative way.
Compared to Europe, one must also keep in mind that Indian players are worth much less. Simply because their wages are lower. At the same time, some of the costs of actually running an online casino are the same. Thus, the profit margins are smaller.
However, there are ways to cut costs and balance this out. For most entrepreneurs, using a white label as opposed to starting a casino from scratch would be the best option to enter the market.
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Future of sports betting in the spotlight at SBC Summit Barcelona – Casino Beats
Posted: at 5:57 pm
SBC Summit Barcelona is set to deliver valuable information about how to navigate the changes the sports betting industry is facing, with executives and specialists from Entain, Pinnacle Sports, Betfred, Parimatch, Sportium, Kaizen Gaming, FDJ, and 888 Holdings among the speakers ready to share their insights with delegates.
With Catalonia and Barcelona now open for business events, SBCs global betting and igaming show will take place as planned at Fira de Barcelona Montjuc on September 21 24.
The Summits Sports Betting Zone will provide an ideal setting for operator executives to learn from industry experts, exchange ideas with their counterparts from other markets, and view the latest sportsbook technology.
It will feature a stage that will host two conference tracks Sports Betting and Innovation in Sports Betting lounge and hospitality facilities for networking and meetings, and an exhibition that features the best new sportsbook innovations.
Sportradar, Delasport, BetConstruct, Stats Perform, Pinnacle, Metric Gaming, Sporting Solutions, Soft2Bet, Sportingtech, and ExeFeed are just some of the cutting edge technology, data and content suppliers taking part in the exhibition.
The agenda for the Sports Betting track on September 22 will examine some of the key issues that are driving change in the sector, including the relationship between operators and media companies, exclusivity of data rights, how esports betting can develop into a mainstream product, and the latest developments in integrity.
Speakers taking part in the track include Alberto Eljarrat (CEO, Sportium), Daria Isakova (chief communications officer, Parimatch Tech), Dr Matthias Kirschenhofer (executive board member Sport1 Medien AG), Gilles Maillet (director of sports integrity, FDJ), David Foster (head of regulatory affairs, Entain), Marco Blume (trading director, Pinnacle), Eytan Mazori (SVP finance, 888 Holdings), Ludovico Calvi (President, GLMS), and Russell Young (commercial director and managing Director Betfred.es, Betfred).
The following days Innovation in Sports Betting track will pick up on one of the central themes of the SBC Summit Barcelona conference, how to utilise technology to improve player experience. The sessions will take a deep dive into topics including how external trends in tech influence product innovation, how to deliver a compelling digital offering as part of a diverse product portfolio, the latest developments in football markets, and how to choose the right technology partner.
The expert speaker line-up features operator representatives such as Jason Trost (CEO, Smarkets), George Kourakos (head of customer experience and innovation, Kaizen Gaming), and Ben Cove (CMO, Pinnacle Sports), along with tech experts including Stuart Godfree (managing director, mkodo), Tommy Kearns (CEO, Xtremepush), and Antonio Zanghi (CEO, Maxima Compliance).
Rasmus Sojmark, founder and CEO of SBC, said: Advances in technology, the ways in which young adults now engage with sports, and the strong interest in the industry from major media brands mean the sports betting sector is going through a period of change. Were delighted to welcome a selection of renowned thought leaders to SBC Summit Barcelona to share their ideas on how businesses can successfully navigate the changing market and emerge stronger.
Attendees can also take in the content on the venues main stage, which will host a programme of leaders panels and keynotes from speakers including Jette Nygaard-Andersen (CEO, Entain), Fredrik Elmqvist (founder and CEO, Yggdrasil Gaming), Carsten Koerl (founder and CEO, Sportradar), and Stuart Simms (CEO, XLMedia).
The venue will host three other zones Casino & Gaming, Payments & Compliance, and Affiliate, Marketing & Media each with their own conference programme and exhibition tailored to meet the requirements of executives from those verticals.
Delegates attending in person will have access to a series of evening networking events in stylish Barcelona venues, which are included with the event pass.
Those unable to travel to Spain for the event can access a digital version of SBC Summit Barcelona, complete with conference content streamed online and access to a virtual exhibition.
Visit the SBC Summit Barcelona website for more information about attending the event, including details of how to book a pass and the Book With Confidence offer that allows delegates to secure a refund on tickets if their travel plans are hit by new restrictions.
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