The Glitch of Twitch Gambling Streams
Kosta Tiodorovic
3 months ago
Twitch, a titan in the live streaming universe, has long been a platform for an array of content, including gambling streams. These streams, however, have sparked controversy due to their potential impact on viewers and their influence on the Twitch community at large. The presence of gambling content on such a widely accessible platform raised questions about the ramifications of exposing a diverse audience to such activities, considering that minors are the majority.
This issue has stirred a complex debate, touching upon the responsibilities of content platforms and the influence of digital communities. The evolving situation ultimately underscores a powerful narrative—the creators on Twitch possess the ability to drive policy changes through their collective efforts.
We’ll discuss how the situation with Twitch gambling streams escalated and what the result was thanks to the pressure big-time streamers put on this streaming platform.
The Rapid Increase of Twitch Gambling Streams
Twitch has witnessed a significant rise in gambling streams in recent years, marking a new era in the platform’s content diversity. This trend, gaining momentum since 2016, has seen a proliferation of channels dedicated to gambling, with some streams drawing in hundreds of thousands of viewers.
The origin of this trend can be traced back to influential figures like CasinoDaddy and Roshtein, who began streaming video slots around 2016, captivating large audiences with their engaging and high-stakes play. Additionally, 2016 marked a pivotal year with the formation of CasinoGrounds, a community that provided a platform for video slot streamers.
However, the early days of gambling streams weren’t without controversy. Initially, CasinoGrounds faced challenges with gambling content, particularly concerning skin gambling in games like Counter-Strike. Following a cease-and-desist notice issued to skin betting sites by the game’s developers, streaming platforms realized the nuances that gambling streams present.
By 2018, the interest in live casino game streaming had surged, leading Twitch to create a dedicated category for casino gaming. This period coincided with increased accessibility to safe and secure live online casinos, further fueling the popularity of casino categories on Twitch. As a result, a growing number of streamers began broadcasting live roulette, slots, and other casino games, attracting large viewerships.
Controversies and Criticisms
Twitch’s foray into gambling streams has not been without controversy, with significant issues coming to light that shook the platform. A notable scandal that sparked widespread criticism involved ItsSliker, a former member of Team Liquid. The debacle began when ItsSliker reportedly scammed friends and followers out of approximately $200,000 to fuel his gambling on streams. The revelation of this fraud, where ItsSliker falsely claimed his bank account was frozen to solicit funds, triggered a massive outcry within the Twitch community.
Critics and fellow streamers condemned ItsSliker’s actions, highlighting the ethical breaches and the abuse of trust. This incident not only exposed the darker side of gambling streams but also underscored the vulnerabilities of viewers who believed they were supporting a streamer in need. The fallout from this scandal led to prominent streamers like Félix “xQc” Lengyel and Ludwig Ahgren stepping in to refund ItsSliker’s victims, showcasing the community’s efforts to rectify the situation.
Moreover, this incident brought to the forefront broader legal and ethical issues associated with gambling streams. Questions were raised about the responsibility of platforms like Twitch in regulating content that could potentially be harmful or deceptive. The situation also sparked debates about the adequacy of existing safeguards to protect viewers, especially younger audiences, from predatory practices. The ItsSliker scandal, therefore, became a catalyst for a larger discussion about the role of streaming platforms in overseeing content.
Community Reactions Lead to Addressing the Issue
Twitch’s initial hesitance to address the controversies surrounding gambling streams prompted a strong reaction from its community. Over time, as the issue of gambling content gained more attention, Twitch began to modify its policies, though the response was not immediate as these streams were a huge chunk of Twitch’s revenue. This slow reaction was met with increasing frustration and called for action from both viewers and streamers, highlighting a growing concern within the community.
One significant moment in the community’s response came during a joint stream featuring Imane “Pokimane” Anys, Matthew “Mizkif” Rinaudo, and Devin Nash. These influential streamers discussed the possibility of organizing a strike during the holiday season, which is a critical time for Twitch’s ad revenue, to pressure the platform into banning gambling streams. The potential impact of such a strike involving high-profile streamers who could significantly affect Twitch’s finances was a clear demonstration of the community’s power.
This proposed action exemplified the community’s willingness to take drastic measures to ensure a change in Twitch’s policies. The idea of a strike, along with the potential involvement of other prominent streamers like Asmongold, highlighted the seriousness of the situation and the community’s determination to address it.
In response to the ongoing pressures surrounding gambling streams, Twitch released a statement on Twitter, adding context to its updated policy. The platform voiced its commitment to balancing creative expression with community safety, a principle that guides the evolution of its Community Guidelines.
This new rule prohibits the streaming of unlicensed gambling sites that offer slots, roulette, and dice games in the US or jurisdictions with robust consumer protection like deposit limits and age verification. Twitch also emphasized that streaming prohibited sites could lead to account penalties.
Impact on the Gaming and Streaming Industry
The controversy surrounding gambling streams on Twitch has had far-reaching effects on the broader gaming and streaming industry. A notable development was the announcement by Trainwrecks, a prominent Twitch streamer, about his plans to establish a new streaming platform. His initiative aims to support small streamers, who he believes are the backbone of the industry. This move signals a potential shift in the streaming landscape, underscoring a growing sentiment among streamers for platforms that better cater to their needs and concerns.
The response from game developers, advertisers, and sponsors to the gambling stream controversy has been one of cautious observation and recalibration. Many in the industry are reevaluating their association with platforms and content that may involve gambling elements. This scrutiny has led to a more discerning approach to sponsorships and advertising, with a greater emphasis on aligning with content that adheres to responsible gaming and streaming standards.
In terms of policy changes, the industry has seen a heightened awareness and a gradual shift toward stricter regulations regarding gambling content. Game developers are considering the impact of gambling-like mechanics in their games while streaming platforms are reassessing their content guidelines to ensure a safer and more responsible environment for their users. These changes reflect a growing recognition of the need to balance entertainment with ethical responsibility, shaping the future direction of the gaming and streaming industry.
Twitch Tightens its Grip on Gambling Streams
The saga of gambling streams on Twitch marks an intersection of digital entertainment, ethical responsibility, and community influence. Twitch’s initial hesitance in responding evolved into a more assertive stance following community backlash and organized movements by influential streamers, leading to stricter policies and a broader industry impact.
As we reflect on these developments, the issue remains ongoing, with potential future shifts in the streaming and gaming landscape. Twitch’s response, while a significant step, might just be the beginning of a longer conversation about the nature of content on streaming platforms and the responsibilities they have toward their diverse communities.
Will platforms be able to walk the fine line between creative freedom and ethical responsibility? What role should communities play in shaping the policies of the platforms they visit? As the digital world continues to evolve, these questions become even more relevant.
What is the Gambler’s Fallacy and Why is it so Dangerous?
Have you ever been to a casino and witnessed someone betting big after a long losing streak, believing that their luck is about to turn around? Or maybe you've heard of lottery players choosing their numbers based on the frequency of past winning numbers, thinking that those numbers are "due" to appear again soon. These are examples of the gambler’s fallacy, a common cognitive bias that affects many people. In this article, we'll learn about the gambler’s fallacy, explain how it works, and why it can be a dangerous trap for those who believe in it.
What is the Gambler’s Fallacy?
The gambler’s fallacy is a cognitive bias that occurs when people believe that past events affect the probability of outcomes of future events. Specifically, the fallacy is the belief that if a particular event has not occurred for a while, it's more likely to occur in the near future. Conversely, if a particular event has occurred frequently, they may believe it's less likely to occur again soon.
For example, consider a person who is flipping a coin. If the coin lands on heads five times in a row, the gambler’s fallacy would suggest that it's more likely to land on tails on the next flip to "balance out" the sequence. However, in reality, the probability of a coin landing on heads or tails is always 50%, regardless of the previous flips.
Similarly, in a roulette game, if the ball lands on black several times in a row, a person may start betting on red, thinking it's "due" to come up next. Again, this is fallacious reasoning, as the probability of the ball landing on black or red remains the same for each spin. As you can imagine, the gambler’s fallacy can lead people to make irrational decisions and can have serious consequences, particularly when it comes to gambling for real money.
Examples of Gambler’s Fallacy
The gambler’s fallacy can manifest in many different contexts, from sports betting to the stock market. Here are a few examples of the gambler’s fallacy in action:
The Monte Carlo Fallacy: In 1913, a roulette wheel in the Monte Carlo casino in Monaco landed on black 26 times in a row. As a result, many people started betting on red, thinking that black was "due" to come up less often. This event has become a classic example of the gambler’s fallacy, as the probability of the ball landing on black or red was always the same for each spin.
The Hot Hand Fallacy: The hot hand fallacy is the belief that a player who has had a string of success is likely to continue being successful. However, research has shown that this belief is often unfounded. In other words, it's based on human psychology rather than facts and does not affect the game's outcome. On the other hand, there are studies that support the theory of the hot hand in some sports.
The Lottery Fallacy: Here's another gambler’s fallacy example. In lottery games, some people choose their numbers depending on the frequency of past winning numbers. For example, if the number 7 has not been drawn for a while, people may believe that it's "due" to come up soon. However, this is fallacious reasoning, as each lottery drawing is random and independent, and the past winning numbers don't affect the future ones.
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Tips for Avoiding gambler’s Fallacy
Avoiding the gambler’s fallacy might be difficult, but there are a few tips and techniques you can use to make a better decision:
Trust the facts: Rather than relying on your gut feeling, try to learn all the facts. Take a step back and evaluate the data while betting on sports or investing in the stock market. This can help you avoid making rash decisions based on incorrect assumptions.
Understand probability: Probability might be a difficult topic, but understanding the basics can help you avoid the gambler’s fallacy. Remember that the likelihood of an event occurring is independent of past events because each event is unique.
Develop a strategy: It's critical to have a clear plan in place when betting. Ensure you understand the odds, rules, and terms, as this can increase your chance of winning. Also, don't forget to set a budget and stick to it. This can help you make good choices using objective analysis.
Take a break: If you notice that you're getting overly emotional, taking a break might help you gain perspective. This can help you avoid irrational decisions and emotional responses rather than objective evaluation.
Conclusion
The gambler’s fallacy is a common mistake that can lead to poor decisions and significant financial losses in gambling. By using probability theory and objective analysis, you can avoid falling into a trap.
Remember that each event is unique, and there is no pattern or predictable outcome when it comes to these things. Make informed decisions based on facts and avoid relying on superstitions or random assumptions. With a clear mind and determination, you can become a successful gambler and avoid the pitfalls of the gambler’s fallacy.
FAQ:
Why does the gambler’s fallacy occur?
The gambler’s fallacy occurs because people look for patterns in the world around us, even when they don't actually exist. They assume past events can somehow influence future outcomes, because of cultural and social factors, such as superstition. In reality, each event is independent and has its own unique probability.
Who invented the gambler’s fallacy?
The earliest mention of the gambler’s fallacy dates back to the 17th century when Italian mathematician Gerolamo Cardano wrote about the concept in his Book on Games of Chance. The term "gambler’s fallacy" was coined in the 1950s by psychologist Amos Tversky and mathematician Daniel Kahneman in their groundbreaking work on decision-making and cognitive biases.
What is the gambler’s fallacy in statistics?
According to science and psychology, the gambler’s fallacy is a cognitive bias that occurs when people believe that past events can influence the probability of future events, even when the two events are independent of each other.
March 31, 2023
Posted by Content Team
In today's digital world, online gambling has taken a significant leap forward, gaining immense popularity worldwide. But with this surge, concerns about player identity, security, legality, and responsible gambling have become more prevalent. The answer to these concerns lies in a simple yet crucial process—KYC or Know Your Customer.
In this article, we'll explain the role of KYC in gambling and provide insights into this essential process.
What Is KYC?
KYC, or Know Your Customer, is a fundamental requirement in the gambling industry, particularly for online casinos. It entails the process of verifying the identity of players to ensure their legitimacy and assess any potential risks associated with them.
The KYC process consists of three key components:
Customer Identification Program (CIP)
Customer Due Diligence (CDD)
Continuous Monitoring (CM)
Online casinos request specific documents from players during the CIP phase to confirm their identity and the accuracy of the information provided. During the onboarding process, players are typically asked to provide proof of identity, such as a passport or driver's license, as well as proof of address, which may include a bank statement or utility bill in their name.
CDD is the next step, in which a comprehensive risk assessment of the players and their transactions is performed. The frequency and level of monitoring required for each player's account are determined by this assessment.
Players may be subjected to various levels of due diligence checks depending on their gambling activities, such as Simplified Due Diligence (SDD), Basic Customer Due Diligence (CDD), or Enhanced Due Diligence (EDD)
In the context of online gambling KYC, SDD applies to low-risk accounts, whereas CDD occurs when players reach a certain deposit or withdrawal threshold. High-risk customers, such as politically exposed persons (PEPs) or high-net-worth individuals, are subjected to EDD, which entails requesting additional information about their financial activities and sources of wealth.
KYC and AML
Anti-Money Laundering, or AML in online gambling, refers to measures that operators must follow to prevent their platforms from being used for money laundering. AML regulations include practices such as verifying user identities, monitoring unusual betting patterns, controlling transaction limits, and reporting suspicious activities to authorities.
Why Is ID Verification Essential in Casinos?
Casinos must verify the identities of their customers for several crucial reasons:
Regulatory compliance: Casinos are required to verify customers' IDs to be compliant with laws and regulations. This helps prevent illegal activities like money laundering and ensures adherence to regulatory standards.
Underage gambling prevention: By verifying IDs, casinos can confirm that players are of legal gambling age, preventing minors from accessing their services and promoting responsible gambling practices.
Fraud prevention: ID verification helps casinos detect and prevent fraudulent activities such as identity theft and account hacking, safeguarding both players and the casino from financial losses.
Responsible gambling measures: Through ID verification and implementing responsible gambling practices, casinos can monitor player behavior and identify individuals at risk of gambling-related issues, allowing for early intervention and support.
By implementing all of these measures, casinos not only comply with the law but also provide a more secure environment for players.
Common KYC Requirements in Online Casinos
Before engaging in online gambling, it's important to be aware of specific steps of the KYC procedure. Below are some concrete examples of KYC requirements.
Valid Identification Documents
Online casinos typically require scanned copies or images of government-issued identification documents, such as passports, driver's licenses, or national ID cards. These documents serve to confirm the player's legal name, date of birth, and other important information.
Proof of Address
Online casinos frequently require players to provide proof of residency. Submitting recent utility bills, bank statements, or official letters from government agencies can help with this. The player's name and address should be clearly displayed on the documents.
Selfie or Photo Verification
Some online casinos may ask for a recent photograph or a selfie with their identification document. This extra step creates a visual link between the player and their identification information, ensuring authenticity in KYC in online casinos.
Source of Funds/Wealth
Online casinos may request information about the source of their funds or wealth to combat money laundering and ensure responsible gambling practices. This can include disclosing employment information, business ownership, or investment portfolios to prove that the funds used for gambling are legitimate.
Enhanced Due Diligence
High-value players or those deemed to be at higher risk may undergo enhanced due diligence. This involves providing additional documentation, such as financial statements, tax returns, or proof of business transactions. The goal is to gain deeper insights into the player's financial activities and mitigate potential risks.
It's important to note that KYC requirements differ across online casinos and jurisdictions.
Legitimacy Concerns: No KYC Casinos
Online casinos operating without KYC procedures raise doubts about their legitimacy and adherence to industry standards. KYC measures, including identity verification and regulatory compliance, are crucial for creating a secure gambling environment.
Legitimate online casinos prioritize security and KYC to ensure compliance, prevent fraud, and protect players. However, casinos without KYC protocols may operate in less regulated jurisdictions or engage in illegal activities, posing risks such as fraud and underage gambling.
Players should exercise caution when considering such casinos. As such, researching their reputation, including user reviews and partnerships with reputable software providers, helps assess legitimacy and credibility.
Benefits of KYC Verification in Online Casinos
Integrating KYC verification into online casinos brings forth a range of exciting advantages:
Enhanced security: With KYC verification, online casinos create a safe haven by accurately verifying players' identities and thwarting identity thieves, fraudsters, and unauthorized account intruders.
Regulatory compliance: Online casinos that embrace KYC verification showcase their commitment to being compliance superheroes. By adhering to legal and regulatory requirements, these casinos proudly wear their capes, ensuring a trustworthy gaming playground for players.
Fraud prevention: Armed with KYC verification, online casinos become formidable fraud-fighting warriors. They ward off money launderers, unauthorized transaction tricksters, and those sneaky multi-account bandits.
Responsible gambling practices: KYC verification empowers online casinos to champion responsible gambling practices. By keeping a watchful eye on player behavior and conducting due diligence, these casinos become the guardians of responsible play, promoting a safer and more enjoyable gaming environment.
Trust and credibility: Online casinos that embrace KYC verification win the hearts of players with their trustworthiness and credibility. Players find comfort in knowing that their identities are thoroughly vetted and that the casino complies with regulations.
Together, these gambling KYC benefits create an entertaining and reliable gaming environment that players can confidently embrace. Let the gaming adventures begin!
Final Thoughts
It's vital to remember that KYC is not just a formality but a crucial mechanism that enhances security, promotes legal play, and paves the way for an enjoyable gaming journey in the best online casinos. It goes both ways—KYC protects the platform and the players. Ultimately, it protects the economy as a whole.
FAQ
What does AML mean in gambling?
AML compliance, or Anti-Money Laundering, refers to measures used to prevent and detect attempts to use gambling platforms for money laundering.
What are the rules for KYC?
KYC rules can vary but generally involve providing proof of identity, an address, and in some cases, a source of funds. Continuous monitoring of player activities is also part of the process.
What is KYC in gambling?
KYC, or Know Your Customer, in gambling refers to the verification process online casinos use to confirm the identity of their players, helping prevent illegal activities.
What is the best crypto casino without KYC?
If you're looking for a casino that doesn't require you to verify your identity, it's important to do your homework. Typically, these casinos are crypto casinos, but you still need to be careful before making a choice.
June 27, 2023
Posted by Content Team
Picture this. You're at a crowded casino, surrounded by flashing lights and the sounds of people having a good time. You're prepared to try your luck at the roulette table with your chips in hand, and, as the ball spins around the wheel, you hold your breath in anticipation while watching to see where it will fall. With so many potential roulette payouts, the game's excitement is undeniable. Don't worry; we'll show you some strategies in this post to help you outwit the casino and win at roulette. Now get ready to up your game and have fun at the same time.
How Does Roulette Work?
In roulette, players wager on the spot they believe the ball will fall, and if that happens, they win! his thrilling casino game revolves around a spinning wheel with numbered pockets and a tiny ball that can change your fortune in an instant. Enter the riveting world of online roulette! Here's how it works.
The Roulette Wheel
The roulette wheel is the game's centerpiece. A European-style table has numbered pockets ranging from 0 to 36, while an American-style table has numbered pockets ranging from 00 to 36. The numbers on the wheel alternate between red and black, with the 0 and 00 pockets typically being green.
Placing Bets
Players bet by placing chips on the table's betting area. They can choose from a variety of bets, including inside bets, such as straight-up bets on a single number, and outside bets, such as red or black, odd or even, and high or low.
Spinning the Wheel
Following the placement of all roulette bets, the dealer spins the wheel in one direction while lowering the ball onto it in the other. The ball bounces around as the wheel turns and eventually settles in one of the numbered pockets.
Paying Out Winnings
A player wins if the ball lands on a number or color they have bet on! The payout varies depending on the type of wager made. For instance, inside bets often have bigger payouts but lower odds of winning than outside bets.
Starting Again
The next round will begin once successful wagers have been paid out. A player has the option of re-betting the same amount or switching to a different approach.
Roulette Betting Table: American vs. European Table Layout
European-style and American-style roulette are the two major versions. Whereas the American-style layout has a double-zero pocket, the European-style layout only has a single zero pocket on the wheel. The odds and rewards of the game are significantly impacted by the difference between the two layouts, despite how slight it may appear to be.
It's important to note that the majority of casinos use American-style layout games, which have a house edge of 5.26%, higher than European-style layout games. As a result, winning might be harder, but the rewards might be greater.
The European-style layout, on the other hand, has a lower house edge of 2.7%, making it easier for players to win but with slightly lower payouts.
In addition to the American and European layouts, there is also a French-style layout with a distinctive design that has layouts on either side and a wheel in the middle. This kind of design is uncommon and typically only seen in upscale casinos like Monte Carlo. The best way to improve your odds at roulette is to play casino games with a layout that you are familiar with. This will help you determine which bets to make and what kind of roulette game to play.
What Are Roulette Odds?
Understanding roulette odds is essential to help you place bets strategically and increase your chances of success. Roulette odds are all about the likelihood of winning a certain bet; each bet has its own set of odds and payouts. Calculating roulette odds is straightforward. Let's take a straight-up bet as an example. It involves choosing a single number pocket that you think the ball will land in.
With 37 pockets in a European-style table, the odds of the ball landing on your chosen number are 1 in 37. That's a 2.7% chance of success! And if you do win, you'll receive a 35:1 payout, which means you'll get 35 times your original bet. The following table lists the casino odds and roulette winnings for the most popular casino game bets in both American and European types:
Bet
Roulette Payout
American Roulette Odds
European Roulette Odds
Straight Up
35 to 1
2.6%
2.7%
Split Bet
17 to 1
5.3%
5.5%
Street Bet
11 to 1
7.9%
8.3%
Trio
11 to 1
5.3%
2.7%
Corner Bet
8 to 1
10.5%
11.1%
Six Line Bet
5 to 1
15.8%
16.7%
Snake Bet
2 to 1
31.6%
32.4%
Column Bet
2 to 1
31.6%
32.4%
Dozen Bet
2 to 1
31.6%
32.4%
Red/Black Bet
1 to 1
47.4%
48.6%
Odd/Even Bet
1 to 1
47.4%
48.6%
Although the payouts and odds of winning at roulette are generally consistent across casinos, they may differ slightly depending on the table you're playing at. On top of that, some casinos may provide alternate versions of the game with distinct payback and odds.
Odds on Outside Bets: Greater Probability with Smaller Payouts
Anyone learning how to play roulette should begin with outside bets. You have a better chance of striking it big with these bets because they cover more of the wheel, but don't expect a large payout.
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Column Bet
Watch as the ball lands on one of the three lengthy columns, each of which has 12 numbers (minus the 0 and/or 00 at the end). You'll receive a 2:1 payout if any of the 12 numbers in the column are drawn.
Dozens Bet
Place your roulette table bets on the first, second, or third 12 numbers on the table. Each set consists of six red and six black numbers, and you will be paid out at 2:1 odds if any of the numbers in your selected set come up.
Odd/Even Bet
Keep it easy and wager on whether or not the winning number will be odd or even (excluding 0 and/or 00). You'll be paid even money if you're correct, with a roughly even probability of succeeding.
Red/Black Bet
Feeling fortunate with a certain color? Wait for the ball to land on your color of choice after placing a bet on red or black. You'll be compensated at even money odds if the ball lands on your color.
High/Low
Place a wager on either the high end (19–36) or the low end (1–18). You'll receive an even money payout if the ball lands on a number that falls within the range you specified.
Odds on Inside Bets: Lower Probability with Bigger Wins
Inside bets at the wheel provide a new kind of pleasure; despite the fact that they carry higher risk and may not have the best odds in roulette, they can result in significant victories if you are lucky enough to win.
Straight Up Bet
Using this wager, you can place a bet on a single numbered spot on the table. Despite the low odds of success, the payout for selecting the correct number could be as high as 35:1. It's a bold move, but the payoff could be massive.
Corner Bet
This bet, which covers four numbers in a square shape, can be made by placing your chips on the corner where the four numbers meet. Your chances of winning are slightly higher than with a straight up bet, but the payout is also lower at 8:1.
Split Bet
For those who want to spread their bets, the split bet allows you to choose two numbers to wager on. You win if either of the two numbers comes up. Place your chips on the line between the two numbers. Because of the 17:1 payoff, your chances of winning are slightly higher than with a straight-up wager.
5-Number Bet
This bet, which is only available in American roulette, covers the numbers 0, 00, 1, 2, and 3. Despite the fact that the roulette winning odds are higher than with some other inside bets, the payout is only 6:1. It's a risky bet, but if the odds are in your favor, it could pay off.
6- Six Line Bet
This wager combines two street bets to cover six numbers in a row. While the odds of succeeding a six-number bet are higher than those of other inside bets, the payout is still only 5:1.
Street Bet
You can wager on three consecutive numbers in a row with the street bet. Put your chips on the row's edge and cross your fingers that one of the numbers will come up. A successful street bet pays out 11:1. Prepare for a wild ride regardless of the inside wager you choose. Even if the odds aren't in your favor, picking the correct number can result in a large payoff that will make your night.
Roulette Payout and Odds on Called Bets
In addition to the typical inside and outside bets, there are a few unique bets you can make in casinos. These bets are composed of several numbers, and they are frequently placed using a tabletop betting area for racetracks. Here are some of the most common called bets, along with their odds.
Voisins du Zéro
It means "neighbors of zero" in French. This wager includes all 17 numbers on the wheel, including all of the numbers between 22 and 25. The odds of winning are 45.9%, and the payout for a successful wager is 17:1.
Tiers du Cylindre
Another French term, this one meaning "thirds of the wheel." This wager covers all 12 numbers between 27 and 33 that are located on the wheel's opposite side from zero. The odds of winning are 32.4%, and the payout for a successful wager is 17:1.
Orphelins
The eight remaining numbers that are not covered by either of the other two called bets are covered by this wager, whose name translates to "orphans" in French. This includes 1, 6, 9, 14, 17, 20, 31, and 34.
For a straight-up wager on 1, there's a 35 to 1 payout, and for a split wager on the other numbers, it's 17:1. The odds of winning for the straight-up wager are 21.6%, while for the split wager, they are 32.4%.
Note that not all roulette tables accept called bets, and not all online casinos provide this option. When compared to the minimal wager requirements of traditional inside and outside bets, called bets tend to have larger minimum wagering requirements.
Roulette Strategy: Top Betting Systems
Aside from knowing the roulette wheel odds, there are several tried-and-true strategies for increasing a player's success rate at the roulette table. Some of the most popular are listed here.
Martingale Strategy: This is a common tactic because it's easy to implement. With each loss, players double their wagers in the hope of recouping their initial investment and making a profit.
Fibonacci Strategy: The bet amounts are determined using a mathematical sequence. Each wager represents the total of the previous two wagers. The concept is that if you win, you can make up for your losses from prior unsuccessful wagers.
D'Alembert Strategy: While using this method, players increase their stake by one unit rather than doubling it after every loss as they would when using the Martingale technique. When they triumph, they take one unit off the wager.
Labouchere System: The goal of this strategy is to generate a string of numbers that correspond to the desired prize sum. Participants wager the total of the sequence's first and last numbers. If they triumph, those two numbers are crossed off. In the event that they lose, they add their stake to the end of the sequence.
Reverse Martingale Strategy: Following a win, players usually double their bet in the hope of continuing their winning streak and increasing their bankroll.
Remember that there is no foolproof technique and that every strategy comes with its own set of benefits and drawbacks. It's up to you to figure out what casino roulette bets and payouts work best for you in terms of playing style and comfort level.
How to Improve Odds in Roulette
It's impossible to win every time, but there are some tips and tricks to keep in mind if you want to increase your odds.
Know the Odds
Understanding the odds of each wager is the first step toward increasing your chances of winning at roulette. While some wagers have higher payouts but lower chances of winning, others have lower payouts but higher chances of winning. If you are aware of the odds associated with each wager, you can make more informed decisions about where to place your chips.
Choose Your Game Wisely
The probabilities of different roulette games vary, and some have a bigger house edge than others. In contrast to European roulette, which only has a single zero pocket, American roulette payouts remain the same, but the layout has a double zero pocket, increasing the house edge. Your odds of winning can be increased by selecting the game with the lowest house edge.
Place Outside Bets
Consider putting outside bets if you're aiming for a low-risk strategy to increase your chances of winning. These wagers pay out more frequently and have better odds of winning than inside wagers. If you want to play it safe, stick to the minimal wager allowed at the table.
Play with a Strategy
Some roulette players use casino strategies such as the Martingale or Fibonacci approach to increase their chances of winning. These strategies can be risky, but they can also be profitable in the short term because they require you to adjust your bets based on the outcome of each spin.
Set a Budget
Setting a spending limit and sticking to it when playing roulette in casinos is one of the most important things to remember. Avoid chasing losses and betting more than you can afford to lose because these actions can quickly land you in hot water.
Roulette Odds and Payouts: Conclusion
If you want to improve your chances of winning at roulette, familiarizing yourself with the roulette payout chart and odds is a must. With some smart betting and a little luck, you might just hit the jackpot and come out on top. Now, find the best casino games to play, grab some chips, place your bets, and hope the roulette gods are on your side. Good luck, and happy spinning!
FAQ
What is the best payout in roulette?
A straight-up bet on a single number in roulette offers the highest payout. If your wager is successful, you will be paid 35 to 1 (or 35 times your initial wager).
What is the smartest bet in roulette?
The even-money wagers, such as those on red or black, odd or even, or high or low numbers, are typically considered to be the best ones to make when playing roulette. With a nearly 50/50 chance of winning, these wagers have a higher chance of success and provide a 1 to 1 payoff.
How much do you win if you put $100 on a number in roulette?
When it comes to roulette payouts and odds, the payout for a straight-up wager is usually 35:1, meaning that if you wager $100 on a single number and it comes up, you will win $3,500 (35 times your original bet).
What strategy has the best odds in roulette?
Because of its simplicity and high likelihood of success, the Martingale system is one of the most used roulette strategies. It's only good for games with "outside" bets and those with less than a 50% chance of winning.
March 24, 2023
Posted by Content Team
Gambling platforms frequently use various bonus programs to attract and retain players. Some of these incentives include welcome bonuses, no-deposit bonuses, free spins, and loyalty prizes.
However, as the popularity of these bonuses grows, so does the problem of bonus abuse. Some players deliberately seek loopholes or opportunities to exploit these offers. This abuse might range from opening several accounts to betting tactics violating the bonus conditions, calling for a more in-depth understanding of the problem.
We detail what constitutes bonus abuse, its different forms, and, most importantly, how gambling establishments can defend themselves from such shady tactics.
What is Bonus Abuse?
Bonus abuse is a deceptive activity in which players exploit promotional incentives and leverage them in ways that were not intended, particularly for new players.
While bonus misuse is not illegal, it violates the terms and conditions of most online casinos. The user's bonus money and earnings are confiscated when caught, and the deposit may be frozen.
Experienced fraudsters create new identities and IP addresses using technologies such as betting bots, virtual computers, and emulators. They use Socks5 proxies for this objective.
Reasons Why Fraudsters Target Online Gambling Platforms
The scale and continuing development of the sector provide appealing prospects for fraudsters aiming to exploit weaknesses for financial gain. The worldwide online gambling industry reached $95.05 billion by the end of 2023, with a CAGR rate of 8.54%. The answer lies in the following concerning stats:
Approximately one out of every four accounts generated on gambling sites is fake.
Around 4% of logins are account takeover attempts.
An inexperienced fraudster can make up to $20,000, while a skilled one can earn up to $600,000 monthly.
The process often begins with sign-up, where fraudsters utilize disposable email addresses, false identities, and stolen credit card information to avoid KYC checks. This is referred to as gnoming or multi-accounting.
Grifters create several accounts to circumvent the one-time limit attached to most incentives. Multi-accounting zeros in on promos such as free bets, no-deposit, and other gambling bonuses that don't require a deposit.
Main Bonus Abuse Methods Across Gambling Platforms
Bonus abuse in online gambling manifests in a variety of ways and carries specific consequences. Below, we'll look at some of the most common types of bonus fraud and their effects on the industry.
Arbitrage Betting in Sports Betting
Arbitrage betting, or arbing, refers to taking advantage of disparities in odds given by several online sports betting platforms to ensure a profit regardless of the event's outcome. While not prohibited, sportsbooks consider it bonus abuse when combined with bonus offers.
Betting syndicates are known to employ this tactic as a coordinated strategy. The collective approach significantly increases the scale of arbitrage betting, making it a more complex challenge for online betting platforms to manage.
Identity Theft
Identity theft in the context of online gambling is a fraudulent practice in which individuals create several accounts on gambling sites using stolen or fictitious identities. They employ modern technology to conceal IP addresses and use personal information to create credible profiles, evading basic detection measures.
Because they use actual personal information, opened accounts with stolen identities seem authentic. This appearance of legitimacy makes it difficult for online gambling platforms to distinguish them from real accounts.
Facial recognition software has emerged as a powerful weapon in the fight against online gambling identity theft. This technique entails biometric verification—identification by requesting users to upload a live photo or video for face recognition, discouraging efforts to create false accounts using images, videos, or masks.
Chip Dumping in Poker
Chip dumping occurs in online poker rooms and entails one player intentionally losing chips to move funds. It's used to meet wagering requirements, unfairly leverage promotional offers, or launder money. For instance, a player could use a welcome bonus to acquire chips and dump these on a colluding player, who can meet the playthrough requirements more easily.
Chip dumping can be difficult to identify since it might emulate the natural flow of a poker game. It may go overlooked unless there's a trend or the amounts are significant. Poker's inherent unpredictability and element of bluffing make it an ideal setting for such techniques. For money laundering, it provides a seemingly legitimate way to win money at poker, thereby cleaning the illicit funds.
Malicious Affiliating
The complexity of malicious affiliating lies in its multi-layered approach. Fraudsters must understand affiliate programs' workings but also need the technical knowledge to manipulate or generate traffic.
This scheme is present in various online betting markets, including standard gambling, gaming, fantasy sports, and sports betting platforms.
The tactics include manually entering fake leads into a gambling project's CRM system or using bots to generate artificial traffic. These bots can register accounts and make deposits, using diversionary tactics to appear as legitimate users. Generating traffic can enable the following:
Commissions on cost per click (CPC);
Visitors to websites that pay out cost per thousand (CPM) commissions;
Leads exclusively interested in sign-up incentives to earn a cost per lead (CPL) commission.
How Can Gambling Platforms Safeguard Against Fraud?
Implementing protective measures is not just a matter of compliance but also a necessity for ensuring the integrity of operations and safeguarding players. By applying anomaly detection systems, machine learning algorithms, as well as IP and device tracking tools, gambling platforms can effectively identify and deter fraudulent activities, thus protecting both their players and their business.
Identity Check
KYC procedures are crucial for verifying the identity of players by checking government-issued IDs, proof of address, and other personal information. Incorporating facial recognition technology improves the KYC process and is particularly effective against identity theft and multi-accounting.
Funds Verification
Understanding and monitoring the flow of funds is essential in combating financial-related fraud like money laundering. AML procedures are designed to monitor and report suspicious financial activities, large transactions, and unusual patterns of deposits and withdrawals.
Continuous Client Surveillance
Ensuring a player's legitimacy doesn't end at account creation. Regular monitoring can help identify unusual behavior post-verification—recognizing patterns indicative of fraudulent activities, such as consistent large wins from a single source or frequent maxed-out withdrawals.
An Ongoing Battle Against Bonus Abuse
The issue of bonus abuse in online gambling is multifaceted, presenting unique challenges to players and operators. Each of the analyzed practices undermines gambling platforms' integrity and poses significant financial risks.
To counter these threats, gambling companies adopt robust protective measures, stringent identity checks through KYC procedures and facial recognition technology, ensure funds verification with comprehensive AML protocols, and maintain continuous client surveillance to detect and address any irregularities post-account creation.
We can't stress enough that engaging in bonus abuse is not advisable. Besides breaching the terms and conditions of online gambling platforms, it carries substantial consequences. Players caught indulging in such practices face severe penalties, including the confiscation of winnings, account suspension or permanent bans, and, in extreme cases, legal action. Furthermore, such activities can lead to a loss of trust in the online gambling community.
The fight against bonus abuse is a continuous one, necessitating adaptability on the part of operators. These platforms can offer a fair, safe, and entertaining experience for all genuine players by staying ahead of the curve with improved defensive measures and supporting responsible gambling behaviors.
December 27, 2023
Posted by Ilija Jaksic
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