Paypal casino – These are the trusted Online Casinos Accepting PayPal
Casino – the word itself conjures up flashy lights, dealer calls, ringing slot machines and CASH!!! Gambling is perhaps as old as humanity itself – no doubt the forms and wagers have changed along the way, but the fundamental objective of one person winning and the other losing remains the same. The introduction of online and mobile casinos has changed the way the world looks at gambling.
The same thrill – the same indulgence – the same objective – but without leaving the comforts of your home (or at times, from your work desk itself). Then came the online real money casinos and the gambling fraternity could not be happier.
Online casinos brought with them a fresh set of problems – as all the transactions were done online, players could not help but were wary of making online payments due to internet fraud and phishing. However, there is a silver lining to every cloud and for the online casino players, the silver lining came in the form of PayPal – a system that allows the players to transfer and receive money online without the hassles of the traditional banking methods. It’s faster, safer and without a doubt, the best method of exchanging payments in today’s day and age.
Online Casino Operators usually offer attractive promotions
Online gambling sites are an extremely lucrative industry with cut throat competition – the operators pull all stops to attract new subscribers as well as to retain the gamers. The online casino operators usually offer attractive bonuses, prize moneys, jackpots and other irresistible offers intended not only to make your online gaming experience memorable, but also profitable.
The best promotional incentive that the PayPal casinos offer is the fact that you can play at these online casinos without the fear of having to divulge either your bank account or credit card details. PayPal has a mobile app too and hence players using the online casino mobile apps too prefer those operators which accept PayPal payments.
The gamers can transfer funds and make online casino PayPal deposit on the move or if need be, even withdraw to their winnings to their PayPal accounts. For additional mobile security PayPal has a PIN which needs to be entered every time you wish to login through your mobile – thereby providing another safety net against internet fraud as far as the users are concerned.
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Regulation of Online Casinos
The biggest worry that any novice to online casinos experiences is the apprehension of funding the casino account online. The question with regards to the safety of personal and financial information plagues every new player along with doubts of how the casino is regulated.
There are a number of regulatory bodies governing online casinos all over the world, but the most reputed and well know is eCOGRA (eCommerce Online Gaming Regulation and Assurance). This organization does not work for a profit, but strives to identify casinos that are safe for the players and do not commit fraud.
They have a strict regulatory code and only those casinos which meet their demanding standards are issued the eCOGRA seal of approval. The best thing about this organization is that they continue keeping a regulatory eye on the casino even after the seal has been issued to ensure that the casinos do not default in any way. The eCOGRA seal is always displayed on the home page of the online casino at the bottom.
Furthermore, every online casino has to procure a gambling license from any of the following 5 licensing authorities :
- Antigua and Barbuda
Even though it seems kind of odd for an online casino based in Europe to have a license issued by a regulatory body in these unheard of countries, this should not be a cause for concern as it only indicates that the casino has simply established a base outside its home country for tax purposes.
Choose a game with favourable odds
All the slot machines have one common element – the random number generator (RNG). As soon as a coin is inserted in the machine, it starts generating numbers at supersonic speed. At times, a machine can go for years without anyone hitting a jackpot and at other times, there could 2-3 jackpots in a single day.
Its all a matter of choosing a game with favorable odds. However, there are so many permutations now-a-days that it is next to impossible to figure out the odds. Every player aims at selecting a game with the highest payback. At the land based casinos, slot machines are inadvertently placed in such a way so that players walking in and out can immediately see if someone hits a jackpot.
In online casinos as the overall expenses are far lesser than the land based casinos, payback is also bigger – almost around 99%. Sadly, there is no way a gamer can figure out the slots or even devise some tricks or strategy to beat the odds
Choose a high roller program
Wikipedia defines a high roller (also known as a “whale” in casino jargon) as “a gambler who wagers large amounts of money” The mindset of a high roller, be it at land based casinos or online casinos, is the same – in fact, its easier to become a part of the VIP club at online casinos than at land based casinos where you have to bet at least $20,000 per stake to get enrolled in a high roller program as against a single $ 1,000 bet at online casinos.
How much money you bet in a single session and how often you bet are the two main deciding factors to get instant access to high roller programs. None of the online casinos cater exclusively to high rollers as most of their money comes from regular players. However the casinos do offer some benefits to the high rollers:
- Generous bonuses (up to $ 10,000)
- No transaction fees
- Exclusive awards like holidays, etc
It is important to remember that once become a part of the high roller program, you need to keep playing the high stakes to stay there. Obviously that program consists of some advantages just like the Paypal payment method. But it is improtant to keep the disadvantages in mind too. Therefore the follwoing graphic displays the advantages and disadvantages of the Paypal method.
Relax from time to time
Innumerable players enjoy gambling in some form or other daily – right from betting at their favorite sport to poker. Gambling has, undoubtedly, become another form of entertainment, albeit one where you can make a lot of money. It is important to play responsibly as the chances of losing cannot be overlooked. Taking a break and relaxing from time to time, therefore, becomes necessary.
It is good to take a break and relax when:
You are not enjoying yourself – Gambling, as mentioned before, is a source of fun and entertainment and hence if you are not having fun, there is no sense in pushing yourself just for the sake of gambling. It need not be a long break – but you do need time to recharge yourself and get your mind alert to play the numbers well.
It starts affecting your social life – If staying at home to play your favorite online casino games becomes more important to you than going out with friends or if you choose to attend a social event simply because the timings slashed with your online gaming – its definitely time to take a break. Playing at a new site or a site in general is a hobby, but it starts controlling your life, you need to stop as it could become an addiction – that is a very fine line and very difficult to ascertain when you cross it.
You start losing – Winning is good, but you should be prepared for losing as well. Happens to the best of gamblers from time to time and losing need not reflect on your skills as a gambler – after all this is a game of chance and every form of gambling is a matter of luck. You need to be very careful when the losing streak starts as it could get out of control and you could end up losing a lot of money. Hence, this is a good time to take a break.
You hit a big win – The chances of you taking a break after hitting a big win are very slim as you will want to try and play even more and win bigger – absolutely nothing wrong with that, but it would be prudent to step back and relax for some time. You may end up losing all that you have won if you try your hand at playing a bigger stake.
No substance abuse during play
Gambling, despite its popularity not only in the US but also for example in Ireland or elsewhere in the world, has the power to ruin lives. Just like a drug or alcohol problem, gambling too can cause devastation and hence often go together – both give the user an euphoric high – giving them a sense of power.
However, its advisable to stay clear of any kind of substance abuse while you are gambling for the simple reason that you need to concentrate all your faculties on the task at hand – if you are intoxicated or on a drug, the chances of making mistakes are more leading to losing your money – which will push you to bet more and more in the hope that you will win it all back – just like chasing the proverbial pot of gold at the end of the rainbow.
It can be difficult to refuse a drink or two if you are playing at a live casino, but not so while playing online from the comforts of your home – there is neither a reason nor an excuse to resort to substance abuse in that case. One wrong decision could ruin you financially as well as socially. Gambling is a fun activity and it should remain so.
PayPal has difficult standards to meet
There is nothing shady about online casinos – these are all legitimate businesses so your money is safe and secure as is your personal information. As long as the operators are licensed and have the eCOGRA seal of approval there is nothing to worry about at all. In addition, if a particular online casino also accepts PayPal deposit, you can be doubly sure that the casino is indeed following the set rules and regulations as, all said and done, PayPal does have exacting standards which are, if not impossible, rather difficult to meet.