Category: News

Fresh up to date news on Texas Hold’em Questions and the gambling world.

Countries That Love Online Casinos & Poker

Posted on by Narciso Baldo

Online gambling is a language millions of people understand. Whether you love poker, blackjack, slots or roulette – they are universal games that appeal to countries all over the world. In this article we are going to provide an overview of the top four countries that adore gambling online.  

South Africa

In 2004, the National Gambling Act prohibited many forms of online gambling. This was re-enforced in 20120. However, there are exceptions with horse racing and sports betting permitted. Despite outlawing most of the popular forms of gambling, there are offshore sites that market the Tops SA online casinos.  Whilst the government appears to have taken a harsh stance on online gambling by stating hefty fines would be dished out, in reality, players are not prosecuted for playing on offshore casino sites. This has resulted in a proliferation of online casinos that specifically target the South African gambling market.

United Kingdom

The UK is arguably the pinnacle of what online gambling should be. The UK gambling commission is an authority that regulates and educates on key issues like responsible gambling. Operators are also well versed in this and have to be seen to care about customers.

Secondly, winnings are not subject to tax which means no heavy admin or paper work involved. Finally, the media are regulated and cannot promote gambling websites often or to youths. All this, coupled with the UK’s love for sports betting, bingo and gambling in general makes gambling a very popular activity in the United Kingdom. All one has to do is watch a premier league match and see the countless bookies plastered over football kits to realise how loved gambling is in the UK.

Australia

The Aussies are huge lover of online gambling and have been for some time. Some research suggests that as many as 78% of the citizens participating in some of form of online gambling. Like the UK, anything won is tax free so its appeal is wide and far reaching. Australians favourite gambling game has to be pokies, the slots game with countless variations. There have been motions to deter to Australians gambling so much but it doesn’t seem to be effective so far. We wrote a guide to online gambling in Australia which gives a complete picture of the gambling scope there so feel free to check it out.

Canada

As one of the freest societies in the world, gambling is very accessible in Canada. In addition to the traditional gambling games, online poker in Canada is especially loved. In fact, many American professional poker players emigrated to Canada once online gambling was illegal in the US. They saw it as an opportunity to continue earning whilst living in an English speaking country. Like most other commonwealth nations, Canada is another place that lets residents keep all gambling winnings tax free. Another reason why many Americans moved!  We think Canada’s love for poker was given a forceful push when famous Canadians like Daniel Negreanu gained notoriety for earning tens of millions and appear in the biggest poker TV shows.

There you have it, four countries that love online casinos and poker rooms. Was there a nation we missed that deserved to be included? If so, contact us.

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Finding the Best Deal: 4 Types of Casino Bonuses for Texas Hold’em

Posted on by Narciso Baldo

To attract a flock of new players, casinos often run various promotions. As Texas Hold’em remains to be one of the most popular online casino games around today, you will find more than plenty to choose from. The only remaining question is, what type of bonuses are worth going for?

Depending on your casino of choice, these are the types of bonuses you are likely to encounter:

1] Non-Sticky Bonuses

Typically, a casino will require you to fulfill their wagering requirements before letting you withdraw your winnings and any bonuses you’ve cleared. In concrete terms, having to bet the amount of your initial deposit 40 times is nothing out of the ordinary.

Non-sticky bonuses, however, are something else entirely. Due to having no wagering requirements and thus helping you win more easily, non-sticky bonuses remain a popular players’ choice. If you’re looking for the best site to place a bet, Gamble Guardian has gone through the trouble of tracking down and listing all the non-sticky bonuses for the Finnish players to enjoy.

2] Deposit Bonuses

Deposit bonuses are one of the most traditional forms of casino promotions. Also known as welcome bonuses, these involve a player depositing a sum of funds, after which the casino proceeds to match their initial deposit. For illustrative purposes, let’s say the player deposited $100 and the casino is offering a 100% match bonus. After a successful transaction, the player’s account balance will show a balance of $200.

However, there is a slight catch. Before you are allowed to claim these funds, the casino will require you to wager the initial deposit X amount of times. Since these can vary from casino to casino, it’s best to check their terms and conditions. Either way, the casino should be transparent regarding the minimum wagering requirements. Note that some games will help you clear the bonus requirements faster than others.

3] No Deposit Bonuses

Unlike any of the bonuses mentioned above, no deposit bonuses require no deposit at all. Period. If you take them up on their offer, you stand a solid chance of winning some real money without risking any of your own. In other words, you’ll be playing with the house’s money.

There is a slight catch, however. Expect to run into steep wagering requirements before you’ll be able to withdraw your money. Still, these types of bonuses are excellent for getting your feet wet and gaining some valuable gambling experience.

4] Loyalty Programs

Also referred to as VIP bonuses, loyalty programs are a way for casinos to give back to their most hardcore and dedicated players. Hence, you can expect them to be far juicier compared to a typical casino bonus. If you play your cards right and do it often enough (and for larger sums of money), VIP bonuses alone have the power to transform what would otherwise be a losing session, into a profitable one.

Conclusion

In the end, different types of players are looking for different things, so there are no right or wrong answers here; every type of bonus brings something unique to the table. You do, however, need to do your homework and hunt down the most trustworthy provider that gives you the best deal. Best of luck!

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The Best Online Casinos to Play with Bitcoin

Posted on by Narciso Baldo

Online casinos that accept Bitcoin are on the rise. Most casino operators are adopting the Bitcoin approach to avoid burdensome regulations involved in the traditional payment methods. According to www.clovr.com here is a rundown of the best online casinos where players can enjoy poker and other games with Bitcoin.

Red Dog Casino

This online casino is Bitcoin compatible and offers 220+ games. Red Dog Casino uses 250-bit SSL encryption to maintain privacy and data safety. It offers an attractive 225% of welcome bonus to kickstart the game. The best thing about this online casino is its 24/7 customer service. This is a big USP as they can answer all your queries instantly. It is compatible with both Android and iPhone and lets you swipe on four gadgets simultaneously. It features many video poker games, including Joker Poker, Deuces Wild, Loose Deuces, Aces and Eights, Sevens Wild, Bonus Poker, and Double Double Jackpot Poker.

Ignition

With $2,000,000 weekly poker prize pools, Ignition is one of the premier poker and online casino sites around. Best of all it accepts free Bitcoin transactions. The sheer number of poker tournaments, high traffic, and a good amount of poker variants make Ignition the best Bitcoin casino for poker games. Along with poker, this site has 280+ casino games and provides its players with eight other banking methods. Ignition is counted amongst the safest poker sites and has a reputation of paying winners quickly.

Cafe Casino

Cafe Casino offers a range of cryptocurrencies, including Bitcoin and Litecoin. It provides an attractive ‘Super Play Bitcoin Bonus’ to new players. There are lots of other generous deposit bonuses, too, including weekly prizes and a referral bonus. They have more than ten unique video poker games such as Joker Poker, Bonus Deuces Wild, Double Double Bonus Poker, Jacks or Better, etc. This online casino specializes in live dealer games and offers a huge amount of Blackjack variants.

Betway Live Casino

It offers a massive selection of games and sports betting opportunities for the players. The payments at Betway Live Casino are secured by SSL encryption, and withdrawal requests are processed quickly. This site uses cookies to offer the best user experience. The simple user interface of this online casino helps the players to spot their favorite poker game easily. Betway poker is integrated with MPN software making it stable and quick in dealing cards.

7Bit Casino

It accepts both Bitcoin and fiat currency and offers around 5000 casino games in total. It comes with a demo feature that allows the players to try out the games before investing real money. Moreover, the 7Bit Casino lets you set the gambling limits. This site is fully regulated and charges no fees when you deposit or withdraw via crypto. Along with Bitcoin, it accepts other cryptocurrencies such as Litecoin, Dogecoin, Ethereum, etc.

22Bet Casino

22Bet Casino has many casino games, including poker, roulette, baccarat, sports betting, live casinos, slots, and many more. Along with Bitcoin, this casino site providers its visitors with 100 other payment methods. Players can find the best poker odds on this site and even bet on live poker events.

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2021 Grand Poker Series Predictions

Posted on by Narciso Baldo

One of the biggest events in poker is coming up: the Golden Nugget Grand Poker Series 2021. The storied event will be held as usual in Las Vegas’ Golden Nugget casino, one of the most iconic casinos in the city. There, poker’s best will compete for a nice jackpot. Read on to learn how it will work, what exactly will be played, and what we think will happen.

When The Golden Nugget Grand Poker Series Happens

After 13 years, the Grand Poker Series is making a change by happening in the fall of 2021. Like many things, this change comes from the limitations of recent lockdowns and concerns about gathering in large groups. As more places start to open up, however, Golden Nugget seems ready to host the big tournament again. 2021’s Golden Nugget Grand Poker Series will take place from Sept. 28-Oct. 18, spreading 50 games over almost a month of play.

The major event is happening on Thursday, Oct. 7 through Sunday, Oct. 10. That’s the $600 buy-in no limit hold’em championship series, which comes with a $500,000 guaranteed prize. However, as more betting happens, the total pot could easily approach and even exceed #1 million. The last event in 2019 saw over 1,300 entrants combine for a total prize pool of $677,508. Michael Policastro took the win with a final payout of $90,630.

The Types of Games Played at Golden Nugget Grand Poker Series

Players in the championship event will start with 25,000 in tournament chips. The series will utilize the big blind ante format and happen over three starting flights. The event is unlimited re-entry and players may play multiple flights. If a player can make it through more than one starting flight, they take their largest stack forward to day two,while smaller stacks get removed from play in exchange for a minimum amount of cash.

One can buy into the games for a variety of amounts, with some as low as $100 and the big finale coming in at a $600 buy-in. Poker formats that can be played range from a mixed triple draw lowball event, various pot-limit Omaha and Omaha eight-or-better events, a triple stud event, an eight-game mix event, a H.O.R.S.E. event and a tag-team no-limit hold’em event. Seniors can even get in on the action with their own special events that have a $50,000 guaranteed prize pool.

Our Predictions

The first one is that the turnout will be HUGE. People are ready to get back to live games, and so Vegas will be welcoming a lot of players for the 2021 events. Vegas in general is sure to be packed as many want to go on vacations and see spectacles. That said, a year of life online won’t be totally wasted. In fact, those who have been keeping up with their game using online poker will have an advantage over those who took time off. 2021 will be a banner year for online casinos as poker players show the benefits of being able to play whenever, wherever.

This year’s event will also see more women playing than ever before. Like many competitive fields, poker is seeing a rise in women being more comfortable expressing their love of the game. And the community is becoming better at welcoming this emerging group of players. Social media surveys show that more women are planning on playing in poker series this year.

As for winners, the year away from live events will probably help the big names maintain their dominance. Newcomers won’t be stealing the spotlight as they haven’t gotten used to reading their opponents on the big stage yet. So much time with masks has also changed the game. So we’ll probably see veterans take home the big prizes as the Grand Poker Series adjusts to all the changes.

The Most Popular Indian Poker Games

Posted on by Narciso Baldo

Online poker has experienced a surge in popularity in recent years. In addition to the common popular games gaining interest, there are a few poker variants native to India that you may not know. In this article we’re going to give you an overview of the best Indian poker games around, both live and online.

Blind Man’s Bluff

This poker variant is the default Indian poker game played in person. It usually invoices between six and ten players. This game is unlike any other poker game we’ve discussed before. Using a single deck of cards, players auto post an ante e.g., one dollar, the dealer then hands out one card to each player face down. The players then take the card and place on their forehead.

As you can see, everyone can see other people’s hands but their own. The betting ensues (it can get a little mad). Once all the betting is complete, the players turn over their cards and the highest card wins. It’s a tricky game that can be fun but also stressful. 

Please note that this Indian poker game is not available online. It is a live card game that is typically played at a poker night for fun involving small wagers.

Teen Patti

Otherwise known as 3 card poker, Teen Patti is arguably the best Indian poker variant. It shares commonalities with Texas Hold’em in that it can be played no limit, requires timely bluffs, and relies on a great appreciation of relative hand strength.

It is played with three cards dealt face down to each player. Like Texas Hold’em, players can only see their own cards. The blinds (auto posted) drive the action, which moves anti-clockwise. There is no flop, turns or rivers and you cannot draw more cards, so your hand cannot improve.

The key to becoming a strong Teen Patti play is to understand your opponent’s tendencies and realising what kinds of hands they are likely to put in larger bets with. By adjusting to the player you will have a good shot at Teen Patti for real cash.

You can either win by showing the best hand down or getting all other players to fold.

Indian Rummy


This popular gambling game is played with several decks of playing cards. It requires three decks unless there are two players where only two decks are used. Players are dealt 13 cards each. The object of the game is the make sets.

The game is played in a draw and discard fashion where players pick up a card and discard one of their own. It’s worth remembering that Jokers are involved and can be substituted for any other card your choice.

The interesting part about Indian Rummy is the differing variations available. Whilst most of them form similar patterns of play, the little tweaks require players to adjust their strategy slightly. For instance, there are versions where the winner generates most the points.

We may produce in an article in the future focused solely on Rummy to highlight the differences between them as they are just one of many Indian poker games.

Summary

India occupies a growing market for poker. With players like Paawan Bansal and Nipun Java leading the way, we can expect poker to continue to boom in this part of the world. Whether you are visiting India and playing in a local game, or playing poker online, the games in this article will be mainstream. We hope you found this introduction to Indian poker useful and you will dedicate further time to study poker properly.

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Poker Journal – A Way to Manage Bankroll, Track Progress and Stay in Control

Posted on by Narciso Baldo

Intro to a Poker Journal

A journal is something few people are interested in doing. I get that, but keeping a poker journal is an effective way of monitoring lots of areas of your overall poker game (detailed in this post). If you keep an open mind and want to make poker a success story, read this article to understand why keeping a record will help you as I’m going to detail the advantages, and then briefly explain how you can keep a poker journal too.

Write Down What You Learn

I’ve discussed how to study poker before. Suffice to say studying is an integral part of poker in the 2020’s, there’s no getting around that. But studying alone without note taking and revision is pointless. You may comprehensively learn a subject once but then fall into bad habits and make mistakes. It is then that you need to track back and revisit what you learnt. This is where a poker journal can help you.

If you write down what you’ve learnt it will be a great tool to call upon in the future. By the way, it also helps you learn the first time if you write it down too.

Keep Note of Mistakes

Mistakes are can be repeated over and over again, particularly when one plays online poker alone. But, if you are writing down mistakes you make in poker, there more accountability. You will feel it from yourself.

If you are committed to keeping a poker journal, knowing you have to write down the same mistakes again over and over may in itself be a deterrent in the future.

Tracking Sessions & Bankroll

One of the golden rules of poker, which you can find on most no limit poker sites information is bankroll management. How you document it is up to you; some use apps, we love spreadsheets but a poker journal works fine too.

Any time you play a session, enter the key data you find most relevant. This should include how much was won or lost, the number of hands played and the setting (live or online). Having this documented in a journal is brilliant and in conjunction with the next article point will significantly help your overall game and tilt control.

Managing Tilt

Keeping a regular updated poker journal can be very therapeutic.  You can write down anything you want as you are likely to be the only reader. Many players who keep a journal find the best advantage to having one is their ability to control tilt goes up.

By writing down a bad beat or how they felt, how the hand played out it can be stress relieving. Furthermore, if hands lost were a result of tilting they will recognise the signs in the future as they’ve relived it through their journal.

Keeping an accurate record of significant hands or times you went on tilt will serve as a lesson for the future, otherwise these poignant hands will have no purpose and fall into your sub-conscious.

How to Keep a Poker Journal

There are several ways of keeping a journal; pen and paper, word file, notes on mobile or a blog online. Whilst all of these can serve their purpose my personal favourite is word file. You can write it easily, there’s no fees involved and they take up very little space. If you share a computer and want privacy you can buy a USB memory stick.

If you’re learning toward pen and paper, we recommend buying hardcover notebooks. They last well and cost very little.

On the other hand, if you want readers and attention, you can buy a domain easily and write a WordPress blog. This can be more costly as you need to pay for domain and hosting then you will need to spend time uploading to the website and any marketing involved with getting interest.

poker spreadsheet


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The Angle Shoot in Poker: An Ultimate Guide

Posted on by Narciso Baldo

What is Angle Shooting in Poker?

Simply put, an angle shoot is where a player tries to get an unfair advantage at the table. Angle shooting is not technically cheating but it is unethical and frowned upon by most players.

There are numerous ways to angle shoot opponents, all of which will irritate your opponents and likely to make you a target the table. With cardrooms reopening and live poker booming during the WSOP, angle shooting is something to be aware of.

Poker etiquette and ethics are a big deal in the poker world. In this post we’re going to share the most common forms of angle shoot poker so you can notice them, avoid doing them and flag them to the cardroom manager or online poker site.

The Fake Fold

This type of angle shooting is one I’ve seen the most in live games. A player will perform a motion like they are about to fold then reconsider. They will do this to gauge a reaction from their opponent. The fake fold helps determine whether the other player is happy or not or perhaps about to muck their own cards (causing them to lose the pot). It is a dirty move and one that you may see experienced players employ from time to time.

Hiding the “Big Chips”

This angle shoot is a tricky one as I’ve seen inexperienced players make this mistake without it being an angle shoot. By putting the bigger denominations at the back other players can’t see their true stack size. Some players do that deliberately, fooling other players into thinking they have less than they do.

This trick is very uncool as a player could have a monster hand and be waiting for their opponent to raise them all in only to realise that they are up against a deeper stack. To remove any doubt, we recommend you always have your higher value chips at the front of your stack, clearly visible to the table.  

Acting Out of Turn

This angle shoot is impossible online thankfully but quite common in live games. It is where a player acts out of turn e.g. betting before it’s their turn to act. It’s highly unethical to do this as it creates confusion amongst the other players and makes them think you are strong.

Again, this is something I’ve noticed beginners do too and not to gain any advantage. If you are ever in this situation and involved, just ask the dealer what the ruling as this angle shoot is can sometimes restrict the players ability to bet later in the hand. For instance, they may only be able to check, call or fold and no longer bet.

Angle Shooting Online

Due to the less personal aspects of online poker, there are less cases of angle shooting. However, there it is still possible. I’ve found players abusing the chat function in ways which could be considered angle shooting. For example, they may provoke opponents, declare their hand, tell them they are going all in etc.  Any chat like this could be managed easily in a live game but is impossible online due to their being no manager or physical dealer present.

We recommend ignoring any text you read online. In fact, some sites let you remove the chat function altogether, so you won’t see it, not a bad idea. You can find limitless information on poker sites UK on these kinds of features if you read the reviews.

One of the oldest angle shoots in online poker is to fake disconnection. I really hate this as it hinders an opponent’s ability to bluff a player out of the pot. Some poker sites protect a player if they lose connection, letting them get to showdown even if they haven’t called a bet. So, a player may get to the river, facing a big bet and abuse the disconnection protection feature to get to showdown, not having to call the bet.

Our Conclusion on the Angle Shoot

By now you should see how we view the angle shoot in poker. Texas Hold’em Questions are committed to helping players improve their technical skills to win, not cheat. Whilst angle shooting may not be actual “cheating” it is certainly unethical and can ruin the experience for others.

We want players to enjoy poker so if you ever encounter angle shooting opponents, warn them, tell the dealer, and don’t sit quietly. Since angle shooting is not actual cheating, the managers won’t necessarily impose penalties on players who do it. So, it’s up to the other players at the table to voice up and not stand for this behaviour. This is no reason to fear live poker as angle shooting is fairly uncommon.

To end on a fun note, there is little better than seeing an angle shooter get burnt. Check out an entertaining example of this in the video below.

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What Separates Great Poker from Good in the 2020’s

Posted on by Narciso Baldo

Being Good isn’t Enough?

Online poker has gone through rapid changes in the last 20 years. For anyone old enough to remember the good old days, things are quite different now. The standard back then was so poor that an average TAG at NL $25 of today could crush mid stakes back then.

We’ve demonstrated before that the argument “poker is dead” is false, it does beg the question what does it take to be great in the 2020s? In this post we’ll offer a few reasons and hopefully inspire those of you who are doing ok but not crushing games to take your game up a notch in the future.

Mental Strength

The great players of today have mastered the craft involving mental poker. They don’t suffer from tilt anymore. Basically, they’ve seen it, done it and got the T-shirt. When you’ve played millions of hands, got years of data behind you and are a consistent winner in this decade, you are unlikely to be fazed by much online. Bad beats or a big bluff from an opponent aren’t going to impact their game.

This is something a good poker player will still have issues with. A decent poker player may beat the games but will occasionally fall victim to tilt or fail to handle a bad beat. What’s the result of this? They will make bad decisions for a while. Whether it’s for 10 hands, 10 minutes or 2 hours, it’s still a leak that will negatively impact a player’s ROI.

Continuous Studying

It is very impressive to see the great players of today continuing to study the game and tweak their strategy. A good poker player may study but have waves throughout the year of study and none. On the other hand, an amazing poker player will set aside time every week. Their game is evolving and fluid. They’re humble in their outlook of poker, keen to learn new things and never resting on their laurels.

Unfortunately, this is not the same for a standard “good” player. They may hit a ceiling and think the game is solved or perhaps get lazy. When you’re winning at poker you may not see a point in continuing to study. The problem with this approach is that as time goes by, your edge will narrow as opponents close the gap on you.

Poker Software

For years we’ve had access to different poker software. There’s countless apps and software types available. We’ve done research and recommend several in our poker resources page. You can also see them at bottom of this page.

In short, the best poker players are not just relying on their mind to generate a good poker win rate. They’re also taking advantage of different software to maximise their edge. This is just common sense and something all poker players should be doing. Again, the standard poker player is not. They are usually using a poker HUD and that’s it. However, there are other tools available like range analysis software or odds calculators to help.

Conclusion

I hope this article has given some of you a nudge to work harder to become great. Whilst we and arizonaonlinebetting.com patiently wait for American states to legalize gambling, A* poker is necessary to move up stakes.

Once the doors are open to Americans, good poker may well be enough again but in the meantime, we recommend taking advantage of poker software, training yourself to be mentally tough and spend time studying poker strategy. If you do these three things with a humble attitude you can become a professional poker player.

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4 Poker Skills You Can Transfer to Sports Betting

Posted on by Narciso Baldo

Sports Betting

Many sporting seasons peak at the end of Summer offering gamblers the opportunity to wager on their favourite events. Few poker players can escape the temptation to bet on popular sporting events like Euro 2020 or Wimbledon. Whilst most poker players simply have a punt and hope to win, there are others who correctly use their skills developed from poker to help them.

In this article we will share a few skills you may already possess to help you have a better chance at winning from sports betting in the future.

1) Conservative Bankroll Management Decisions

Most poker players have learnt that being prudent is a necessity. You need to be shrewd, careful and cautious when choosing what games to play. We’ve discussed the importance of bankroll management before so you should be well aware of its importance in both live and online poker games.

But this skill can be transferred easily to sports betting too. Risking only a fraction of one’s bankroll means no wager will prove too costly. It will ensure you are protecting your bankroll and safeguarding you from potential problems like chasing losses or making reckless decisions.

2) Good Observation  

The best poker players have excellent attention to detail and observation skills. This is true not just at the table where players need to focus on their opponents but other aspects too like game selection or an eye for a lucrative bonus. This skill is just as important when making sports bets.

After all, you can intuitively detect a favourable bet from a bookie. With more American states starting to legalize online betting, sites like marylandstategambling.com are dedicated to sharing information on available bonuses and other helpful tips.

If you’re a poker player that is attentive and observant, sports betting could be up your street.

3) Studying the Game Regularly

I like to think most of our readers are dedicating time each week to studying poker. This is a critical part of becoming and staying a shark. It allows players to stay in tune with current trends in strategy, revise or tweak strategy and stay ahead of the competition.

Did you know that this can help you in sports betting too? Consider a sport like football (soccer), the teams are often changing players or manager and their form changes too. Gone are the days when you can easily predict the winner of a game.

Instead, a proficient sports bettor looks at the context of the match; Who is in form? Who is at home? Which team have more injuries?

By spending some time studying the sport you are betting on you will be better prepared to make profitable bets and take advantage of ill-informed bookies.

4) Game Selection

Finally, we come to the game selection. Like poker, where choosing the right games is key to generating a positive win rate, sports betting has loads of options. You can find a huge disparity in the odds given from one site to another. This is where game selection comes to play.

An experienced poker player knows a soft poker site from a tough one. They will be able to detect when their sports betting site is laying bad odds and compare it with other similar sites. By putting in a little extra time and using game selection skills, you can find better odds.

Imagine if you are about to bet $100 on an even that is being laid 6-1 but you actually find it at 8-1 elsewhere. That is worth $200 to you! See how game selection can help you in sports betting?

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SEC vs. Ripple Making Money at the Casino

Posted on by Narciso Baldo

The cryptocurrency market has enjoyed some incredible growth in recent times. With the whole world’s economy facing a plethora of challenges, it’s no wonder this form of finance has continued its upward trend. 

With this in mind, there are a number of cryptocurrencies that have paved the way for the accelerated adoption of this digital currency. There are still a number of discrepancies that are plaguing the market due to its nuances and infancy. One major case which is currently unfolding before our eyes are focused around the infamous Ripple coin and the SEC. 

This case will be groundbreaking in the sense that many loopholes in using this digital currency will be addressed. Thereby, allowing for the streamlining of the regulation and function regarding cryptocurrency. 

We talked with Conrad Brennan (check profile) about how to make money at the Canadian Casino.

What is Ripple?

Ripple is a blockchain-based digital payment network and protocol with its own cryptocurrency known as XRP. Ripple uses a consensus mechanism instead of blockchain mining which is run by bank-owned servers to authenticate transactions.

Why Use Ripple at Online Casinos?

There are various reasons that more and more players are making use of cryptocurrencies when playing at an online casino. One of the biggest attractions is without a doubt the fact transactions are conducted almost instantly.

Ripple also uses far less energy than other major digital coins which should entice those energy-efficient funders. This basically accounts for why transactions are processed faster than Bitcoin, for instance. 

One of the main reasons that players should consider using Ripple when conducting transactions at online casinos, is due to the fact that there are far lower operating costs involved thanks to less energy being used. Another fact is that many online casinos will offer incredible bonuses for real money when players use cryptocurrencies when making a deposit. Find a top online casino real money to get the most out of using crypto.  

What is the SEC?

The Securities and Exchange Commission or the SEC as it’s more commonly referred to, is basically an independent federal government regulatory agency. Its main functions are to provide protection for investors, maintain a fair and orderly function of the securities market, and facilitate capital formation.

The SEC was created in 1934 in the wake of the Great Depression which affected the U.S market in 1929. The SEC is able to bring civil actions against lawbreakers and often works closely with the justice department.

What Does a Security Mean?

This is exactly why the SEC vs. Ripple case is so important right, more so for Ripple and their holders than anyone else. The Ripple lawsuit will determine whether or not the cryptocurrency will be considered a security or not.

Should the SEC win their case, Ripple will then be considered a security instead of what it is currently known as, a currency. This may not seem like much, however, it will have a major impact on investors and how Ripple can be used in financial transactions.

Although many cryptocurrencies are, in fact, securities. They are currently not being referred to as such. Hence, the Ripple lawsuit could change the entire ball game depending on the outcome. Ripple recently won the first round against the SEC. We’ll have to wait a little longer to get proper clarification regarding this question.

Is Ripple Considered a Security?

This is exactly why the SEC vs. Ripple case is so important right, more so for Ripple and their holders than anyone else. The Ripple lawsuit will determine whether or not the cryptocurrency will be considered a security or not.

Should the SEC win, Ripple will then be considered a security instead of currency. This may not seem like much, however, it will have a major impact on investors and how Ripple can be used in financial transactions.

Although many cryptocurrencies are, in fact, securities. They are currently not being referred to as such. Hence, the Ripple lawsuit could change the entire ball game depending on the outcome. Ripple has just recently won the first round against the SEC. We’ll have to wait a little longer to get proper clarification regarding this question.

The Howey Test

The Howey Test is basically a method that is being used by regulatory bodies in order to determine whether or not a currency should be considered a security or a currency, in layman’s terms.

The question asked is basically, “Is the monetary value of the asset being invested in dependent on the efforts of a third party?”.

Legal Precedent

A legal precedent is a method of court ruling based on a number of similar cases previously ruled upon. The vast majority of countries across the globe will take into consideration previous cases to have take on proceedings.

In the case of the SEC versus Ripple, this has proven to be a little tricky. Although there have been numerous cases regarding cryptocurrencies. Should the courts determine that Ripple is in fact a security and not a currency, this could open the floodgates for other cryptocurrencies to be regarded as a security.

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