Bonuses are raining everywhere in online casino industry, perhaps one can synonym gambling industry with a bonus oriented industry where lots of sweepstakes and giveaways exist in reality. It’s also not that hard to find an online casino who’s offering mouthwatering promotional bonuses. Bonuses are the way to live for online casinos where they warrant their survival just because they are offering something unique than their rivals. Many believe that bonuses are just to allure new players to build a strong data base of players, however, besides players number, their activity also counts in finding a trustworthy only casino. It’s true that generally bonuses are only pointed towards new joiners, yet every casino has many other ways to tilt bankroll of a player, if he regularly plays casino games. Deposit bonus, no deposit casino bonuses, reward points bonus, refer a friend bonus, game specific bonus, and periodic bonus among others equally contribute to sustain a player with an online casino.
Among various casino bonuses, no deposit bonus is most luring coz here nothing needs to deposit to win it, perhaps, every player who signs up with a casino becomes eligible for a no deposit bonus, if available. Since no deposit bonus doesn’t ask for anything, it normally comes in small sizes, like $100 dollars or so. Notably, even the smallest sum is big enough if it is coming absolutely free! Many players ask how and why online casinos spend thousands of dollars offering free spins to new players. The insiders know the secrets of no deposit casino bonuses, and to understand it thoroughly let’s understand what a player requires to use his no deposit bonus. Whenever a player has been offered a no deposit bonus, he is imposed with some conditions about minimum pay through while wagering on a game and this wager ceiling is sometimes upto fifty times of deposit or bonus amount. Moreover, no player is allowed to wager his entire bonus at once, perhaps, he is only allowed to mix his real money and bonus in a prescribed ratio.
This way, online casinos are buying a certain number of compulsory bets in return of no deposit bonus, which is a good move by them considering today’s high rising gambling competition. Further, if a player wants to use his no deposit casino bonuses, he has to deposit real money into his account which again helps casinos to surge their prize pool. So, no deposit bonuses are an intelligent move by casino industry which helps every casino to catch concentrated players attentions in the crowded casino market.
Online casinos are the source of biggest jackpots and prizes, and so, often a question arises in every player’s mind: is it necessary to pay taxes on the winning, or they can avoid taxes by hiding their winnings from tax authorities? Actually, this question is more comprehensive than it looks, first, taxation laws are different in every part of the world, perhaps, not every country counts online gambling as a legitimated source of income, and so; they take it as an illegal sourced income. Generally, tax liability is not affected to the legality of any income; hence every gambling win has to be taxed no matter whether it’s considered as a legal source of income or out of an illegal activity.
The important aspect to know about tax liability on gambling income is: how player’s local laws allow them to declare their winnings? Some places charge tax on gambling activities at 33%, while other may go up to 50%. Further, another aspect is whether a tax is levied on net casino income, or it’s grossly taxed, i.e., whether a player can deduct his losses out of winnings to come out with a net winning amount. This is allowed most of the time, but subject to certain conditions. Normally, there’s a limit to deduct any loss out of a winning amount that allows every player to report only net winnings as his chargeable income. However, the applicable deductions are only limited, i.e., if a player won $10000 on his $500 bet, he has to declare his net chargeable as $9500.
Can I hide My Gambling Incomes?
Every player, generally, thinks how tax authorities come to know whether a player has won something or not. Actually, it’s very simple; if you understand how money travels from a casino’s account to your bank account and vice versa. All gambling money transactions are done through banking channels, and every transaction also has a unique transaction code with its amount, date, and destined place. So, federal or other government auditors can easily scan each and every banking transaction with their auditing software to find out all the transactions happened in a financial year. They later compare these figures to the figures returned by all the taxpayers, and if they found a considerable difference, they scrutinize it further to find out the final culprit. So, hiding your gambling income is not a viable choice, coz there are heavy penalties on failure to return the accurate winning amount in any financial year.
Making money and having fun are two main reasons why people gamble. They play online casinos games in the hopes of improving their financial condition or play simply for a bit of amusement. Due to the quick rise of the internet technology these days, those who used to play in traditional brick and mortar casinos now have the option to play it online. As a matter of fact, they now prefer to play online.
Advantages of Playing Online
As long as you have an internet connection, you can play at online casinos anytime and anywhere you want. After turning on your computer, you can start looking for the game you want to play. There are lots of them to choose from. Plenty of sites offer each and every kind of casino game.
Since you can play at home, there is no more need to travel and to dress up to look presentable. All you have to do is sit and start playing. This kind of gaming experience is ideal for those who prefers to stay home and for people who can’t instantaneously leave home. Housewives, who are used to stay all day at home, can now give gaming a try during their free time. Home-based employees can also open a few gaming sites for a bit of pastime. You don’t have to be in a place full of people. If you cannot understand something about the game, you can readily search for it in the internet. History, tips, guidelines, and other information about the games are all in there. You will also no longer be conscious about trying out new games or new strategies and techniques because you don’t have to be concerned about others seeing you. There is also no need to worry about someone stealing money from your pocket because all transactions are carried out through wire transfers.
In addition, switching games online is just a few clicks away, as compared to traditional casinos where you have to walk to the other end of the room in order to be able to play another game.
The Fun in Playing Online
Online game providers usually offer freebies and several kinds of bonuses to attract players. With these features, players can try out games without having to spend real money.
A chat system is also incorporated in some online casinos games where people can communicate with each other. Having this system also attracts more players and brings more excitement as it helps in reducing the monotony of the game.
Casino Tropez, the popular Playtech powered online casino, has revealed that many players from Italy registered big wins at the online casino during December, 2011.
The Italian player who registered the biggest win, Raffaele L, won a massive amount of EURO 67,295 playing the slot game Vacation Station at the online casino on December 23. This vacation themed online slot game offers symbols on the reels that feature different modes of transport and features the Playtech 8 pay-line format that offers reels in a 3 x 3 matrix.
Two lucky Italian players registered wins at Casino Tropez online casino on December 12. Giovanni C won EURO 22,851 wagering on the popular Marvel Movies branded slot game The Incredible Hulk. The many exciting features in this Playtech video slot include the Expanding Hulk feature where the wild Hulk symbol expands across three reels, the Smash Bonus as well as the Marvel multi-level mystery progressive jackpot.
Sabrina R won an amount of EURO 20,675 wagering on Cherry Love on the same day. Although this slot game features many symbols of love there is also a sinister dagger in the heart symbol. Cherry Love also features an expanding Cherry Love that offers free spins with doubled payouts and the standard Playtech gamble game.
Antonio C, another Italian player, won EURO 21,578 wagering on French Roulette on December 13. French Roulette is very popular amongst online casino players at Casino Tropez and offers the highest return of all online roulette variants. Players placing even money bets like Red or Black in French Roulette do not lose all their wagering amounts if a zero is called.
Casino Tropez is licensed by the Directorate of Offshore Gaming of Antigua and Barbuda and is a brand of Euro Partners.
One of the United Kingdom’s leading online casino games and bingo providers, Quicksilver, has announced that it has added the bonus-filled five-reel and 20-pay-line Zuma slot to its impressive portfolio.
The Zuma slot gives lucky players an opportunity to win a jackpot prize of $25,000.
Zuma is a slot machine version of the Zuma’s Revenge title that was developed by PopCap Games Incorporated and gives players a chance to wager one penny up to a maximum of ten pounds per spin.
Players who match 2, 3, 4 or 5 consecutive symbols left to right on any active pay line will be awarded amazing prizes up to a maximum of GBP 25,000.
The wild symbols in the Zuma game are multipliers ranging from x2 values through to x10 values and even the smallest of cash wins can therefore be increased considerably by the appearance of a Zuma Wild Symbol.
The Multi-Ball Scatter Symbol is a “Take Your Pick” style feature and players will be able to win big with this addition. The symbol awards players with free spins as part of a bonus casino game. By picking a free spins award players get to see their winnings rocket according to the chosen multiplier value.
Zuma’s extra “Gamble” feature will also give Quicksilver players an opportunity to boost their winnings even further. This Gamble feature gives players a chance to decide whether they wish to gamble the amount won by them in an attempt to gain bigger wins,
Quicksilver is a reputable and licensed UK online slot games and bingo provider and was previously known as Cyberslotz. It is wholly owned by Talanus Ltd.