How To Avoid An Online Scam Before Playing Online Casino

Online casino gambling is now being considered and preferred these days. If you think of the big hassles and the huge traffic you will experience while going to play at a casino then, you will appreciate playing the online casino because you don’t need to go through any stress or trouble playing it as when compared to what you will face at the casino. Online casino gambling can be iplayed easily from the comfort of your home provided you have a computer and internet access. But before engaging in playing online casino game, there are some key rules you must follow in order not to be scammed.

1. Honesty: Everyone knows that the online casino gambling industry is a very complex one. As a result of this many dishonest and problematic online gaming sites are all available on the internet and care should be taken not to fall a victim of any of them. The first thing you should look out for is a site that has high winnng odds. The online casino site should be link with a reputable accounting firm so that their monthly payout percentage can be audited. This is very important because it will ensure that the money you will be spending in your future online casino gambling would be worth it.

2. Should be legal: Ensure that the online casino gambling site is legal. This is not difficult to do, just search the licensing information on the casino state. If you cannot find the online casino gambling site licensing information, don’t just put your money on that site. Don’t gamble there. Also check if the online casino gambling site has a responsive and a 24 hours customer care service that would help if you have any difficulty. You should also read and understand the terms and conditions of the site carefully before joining because if not you cannot hold them liable in case of any trouble.

3. Start with small amount: Start with small amount to test the site credibility before putting in big bucks. Check the credibility of the online casino gambling site before taking any financial risk.

4. Hobby: Gambling is not a job rather a hobby. So don’t forget it is all about fun and that will make you feel at ease and enjoy life.

Important Facts About Online Casino Slots

Online casino slots are one of the highly played casino games online. These games are considered amongst the ideal gambling activities that have been introduced to internet nowadays. For those who play conventional slot games, online casino slots are best options with enhanced convenience.

Benefits of online casino slots:
Evidently there are numerous benefits involved in playing slot games online. One of the notable benefits that attracts player to enjoy the activity online is the convenience offered to the players. For playing online casinos all you need is a computer and internet connection with appropriate bandwidth. You can take pleasure in these activities just by sitting at the coziness of your home. You need not spend money to visit the nearest casino which otherwise you may have to while playing conventional casinos. With the help of internet you may get an opportunity to select suitable options for playing online casino slots.

Free Slot games:
There are free slots available online that can be enjoyed by enthusiasts. There are numerous sites operating on internet that may allow you to play free casino slots. The best part about these slots is that you need not pay anything but in return gain experience on how to play online slot games. There are fair chances that you may e eligible for free bonuses as well when you play by wagering. These bonuses are offered to you in different forms such as freed spins, signing bonus etc.

How to play:
Playing online slots may seem to be difficult but in reality it can be played by novice. However, if you are a novice it is always suggested to start playing for free and after gaining sufficient experience you can onset playing by wagering. There are instructions offered you by every portal that enables you to play the game. It is considerably easy to play online slots as most of these games enjoy user friendly interface. Most of these games retain the basic rules of conventional slot games. The only difference is in the technology that has been used. You may need to use mouse or keyboard to trigger the spin rather than a handle or lever.

Winning odds:
It should be known that online slots are purely a game of chance. Your winning odds depend on your luck. However, to your information the result of every spin is already decided in the internal part of the machine. There is a random number generator installed in machines which decides the outcome of every spin even while the reels are running. According to the predetermined output the reels are stopped allowing you to see the outcome.

Caution:
In past few years there have been reports of online casinos scams. This kept players from playing their favorite casino game for a while. There may be sites that may conduct fraudulent activities; hence, in order to avoid such scams one should determine the authenticity of the site. You can do research about the site which you choose as you online casino slots platform.

Understanding How Online Casino Tax Works

One common question comes from online casino players is that whether they are going to pay their taxes or not in playing casino games. “What if we lose?”, “How the taxes deducted from our winnings?”, “Do they always deduct taxes every time we play online casino games?” These are the common confusion many gamblers are dealing with.

So, to start it depends on the gambling law that a particular country has specifically in managing an taxes from online casinos. But not all winnings are automatically taxed by the government. But it is always a player’s responsibility to understand everything about laws that are related to gambling so that they will be aware of how their country deduct money from their winnings. Here are the common processes that occur when getting a tax from online casinos and players (this is very important specially if you are a player from the United States).

Winning Taxes:

In many countries around the globe, especially the USA, it is mandatory for a player to submit or share something from her/his winnings. Sometimes, it reaches to the highest rate which is 50%, the lowest is 30%. How do they know if you win? You are obliged to declare your money or else you will be questioned if they track your money in their audit. Every player is required to declare their money if they win from playing online casino games to the IRS (Internal Revenue Services) whether it is offset by loses or not.

Though the fact still remains that online casinos specifically from U.S. do not declare the amount of your winnings, and of course the federal law do not know if you win or lose, you still have the obligation to follow the law and declare it in your own because at the end, you will still end up explaining to the IRS where your money comes from because they will track your money through their audit.

If you are a big time or the what they call “high roller” player and choose to declare and pay your online casino tax, it will be reported as other income on U.S. tax returns. The process goes by submitting only the net of your winnings. Meaning, if you play blackjack and win $3000 from a $300 bet, that means you have to declare all $2,700.

The only exemption is that you are only required to declare and pay online casino tax if and only if you win big. It considers big if you win 600$ above, and that’s the only time that you are going to declare how much money you have won from playing casino games in the internet.

Tax when a player lose:

About tax when you lose, they indicate it as itemized deductions and will be deducted to your winnings. So it would be much better if you will take care of your taxes and keep them on track. Listed under “other miscellaneous deductions”, you are able to deduct up to the amount you have declared in your total winnings. Please be reminded that you are not allowed or you can’t show a gambling tax loss. For example, if you have declared $5,000 in your winnings, you can also declare $5,000 in your itemized deductions under losses. Just make it sure that you will not exceed to the amount that you have recently declared.

It is imperative that you must prove your winnings and losses. That’s why keeping every receipt, tickets, etc. you receive from playing online casino games is a good option because the IRS strongly suggests that every online gambler must keep everything that will prove if they win or lose. All details must be included such as, the type of bet, how much you win or lose, name of the casino site, the I.P address of that casino, etc. Keeping a detailed book of your payment methods like eWallet, credit cards, debit cards etc. is very essential in paying your online casino tax.

So to conclude, keeping records in playing online casino games and making sure that they are well-organized will keep you away from being questioned by the IRS and also to avoid them sending you to jail for not paying taxes. And of course, you will be able to pay your online casino taxes hassle-free.