Online Gambling Turnover
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- Online Gambling Turnover Sites
- Online Gambling Turnover Definition
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Atlantic City’s casino industry has seen overall growth since sports betting took effect with the total yearly gambling revenue up 27.3% through May compared to the same five-month period in. Online Gambling Turnover referred to as “Terms and Online Gambling Turnover Conditions”) regulate the usage of the games provided through www.casumo.com, as well as other URLs licensed to or belonging to Casumo Services Limited (hereinafter Online Gambling Turnover referred to as “Website” or “Websites”).
As a rule, GGR and NGR are two indicators used to evaluate the success of online gambling establishments. Gross Gaming Revenue (GGR) is the revenue of a virtual gambling establishment, and Net Gaming Revenue (NGR) is an express method for determining the level of profitability.
Net gaming revenue is an indicator of real profits of an online casino, excluding operating expenses such as: bonuses provided to customers; fees charged by payment systems; payments to the developers of the games represented in gambling establishments; payments to partner companies and funds spent on licensing and taxes.
Net Gaming Revenue is considered one of the most important indicators for online casinos and gambling institutions. It allows to track profits and losses, as well as key indicators such as total payments including winnings and total expenses. By total expenses we mean the welcome bonuses offered to new players or bonuses, which are given out to players who do not have a deposit.
Net income from online casino games or gambling establishments is calculated taking into account the deduction of taxes on goods and services that can be charged from all gaming operations and accessories produced by a casino operator.
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What is Gross Gaming Revenue?
The GGR (Gross Revenue Revenue) index is calculated as the net profit variance (the sum of players' bets minus the amount of winning bets). Sometimes GGR can reach truly amazing proportions. In 2006, Gross Gaming Revenue in the United States amounted to $90 billion.
Often, the profits of land-based and online gambling establishments are perceived by society as something not entirely “proper”. The basis for this is the assumption that players bear irreparable financial losses.
In the 1990s, Macau revenues from gambling business accounted to 45% of its total revenue.
Nevertheless, there are many examples of how gambling can contribute to the regional economy development. Firstly, the gambling business creates many jobs. For example, about 100,000 people are employed in the British casino industry. Secondly, land-based gambling establishments attract foreign tourists. According to the Daily Mail, the Las Vegas Strip with its nearly 40 million tourists every year is the most visited attraction in the world. Thirdly, taxes paid by gambling operators, as a rule, are spent on social needs: school construction, hospital financing or architectural objects restoration.
GGR is the revenue index, but not the institution profitability indicator. It directly depends on the 'luckiness' of the players. And as for the NGR indicator, it is an excellent express method for determining the establishment’s success. However, in the case of GGR calculating, there is a simple and, in most situations, a single formula. As for the NGR calculation approaches, they vary from situation to situation taking into account the special features of the taxation system of the state where the gambling institution operates, and peculiarities of the way a certain operator is doing business.
Formulas for NGR and GGR calculating and interpreting:
GGR = A - B.
NGR = A - B - C - D.
A - the total sum of all bets made by players;
B - the sum of all received winnings;
C - the sum of all bonuses received by players;
D - the sum of all taxes.
Basically a easy way to say they dont.have to pay you .. most sites just call it rollover.. and 99% of most players dont get to take that bonus money out either because of the 40times over . So the site wins on both sides lol !! Very smart on there behalf but im no fool not giving them customers foe FREE!!! Lol
A- total sum of all bets by player - so is this all bets you mean the bonus bets too ? B - the sum of all received winnings - so again a question so is this amount included the bonus bets winnings ? C- the sum of all bonuses received - the original amount or played as a result of the bonus, which was won ???
One of the biggest misunderstandings new players have when they see a large new player bonus, is that they simply need to deposit cash into their account to realise this bonus and then they have unlimited access to it.
Of course, this is not the case. Logic should dictate that if any casino offered a player more money than they deposited to join and then allowed them to withdraw it to their account, then all online casinos would be out of business within a matter of days. It is a simply unsustainable business model and as such, players who believe this are somewhat naive.
When a casino offers a bonus, this money is offered in the understanding that it will be wagered at the casino and that to withdraw it a player may need to meet certain predefined conditions, often called turnover requirements, in order to withdraw any cash generated from their bonus out of their betting account and into a personal account.
It is important to note, that for all the players complaining about this on the internet chat rooms, this is still a great value offer. The punter is still being given the chance to make bets or play casino games using the casinos own money and as such, they have the right to install some pre-conditions to ensure that they don't lose out on the deal.
The turnover requirements vary from casino to casino and to make the most of your bonus you need to understand how these work. It is best to do this using an example:
Online Gambling Turnover Sites
How does a 150% bonus deposit work? - Front-Loaded Bonus
Bonuses such as these are eye-catching as they offer you more money as a bonus than you are putting in, so you are getting a good deal. However, in the terms and conditions of the bonus (which not enough people read), you will discover that in order to withdraw any money from your account you will need to meet certain wagering or turnover requirements. Let's say in this example, that the bookmaker is asking for 20x your initial deposit.
What does this mean?
Let's say in this example, you have deposited 50 into your account as a new player; the 150% bonus means that you'll receive a bonus from your casino of 75.
Now in this example, we'll assume that the casino front-loads your bonus, so you have your 50 plus 75 in bonus cash to wager at the casino. This means you have 125 in your account.
Let's say now that you place a 50 bet and you win 1,000. Your turnover requirement is 20 x 50, which is 1,000, so can you now withdraw your winnings?
Well, no you can't. The bookmaker stipulates that the turnover must come from bets you make on the site, not money you win. So although you have won 1,000 on your bet, you still have only wagered 50. So you are still 950 short of being able to withdraw your winnings.
Once you have wagered another 950, then all wagering restrictions on your account are removed and you can withdraw any amount of money from your account.
How does a 150% bonus deposit work? - Time-dependent bonus
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Instead of handing you your bonus immediately, some casinos will opt to slowly release your bonus to you in increments as you meet wagering requirements. The only problem with this is that on most casino sites there is a time limit on the amount of time you have to realise your full bonus.
For example, if you make the same 50 deposit to receive a 150% bonus, you'll earn a 75 bonus. However, this is not credited to your account immediately. Instead, as you wager your real cash, you will start to release a certain percentage of your bonus.
Exactly how much of your bonus you release is dependent on how much you bet and the ratio of bet to bonus that the casino operates. Bet365 for example, state that you must bet through your initial deposit once in order to release your full bonus. So in the example above, you would have to place 50 of bets in order to realise the full 75 bonus.
Online Gambling Turnover Sites
However, you also need to then play through your bonus award three times (225) before you can withdraw any money earned using it. This means you need to make 275 of wagers on a deposit of 50 and a bonus of 75, and you have a strict time limit (with Bet365 this is 90 days) in which to meet the requirements and to be able to withdraw any winnings or you lose the bonus.
Which is the best type of bonus?
The best type of bonus does depend very much on how you intend to bet. The front-loaded bonus is great because you have more money to bet with initially, however you do tend to need to play through a lot more money this way in order to remove restrictions on withdrawing your cash. Some companies, such as Ladbrokes, that can be as much as 40 times your initial deposit.
The time-dependent slow-releasing bonus doesn't cost quite so much in bets made to realise, but usually there is a strict time limit (in some cases, as little as 30 days) in which you have to release the bonus in full, with any bonus not released forfeited. This does mean that to release the full bonus, you will have to bet through your full deposit once and then you'll have to wager bets to several times the value of your bonus in order to remove withdrawal restrictions.
What the best type of bonus is depends on how much you have to bet, how often you bet and whether you are likely to realise your full bonus in the time available based on your initial deposit.
Conclusion
Online Gambling Turnover Definition
Turnover requirements often annoy misinformed players who think they are unfair; that is not the case at all. The bookmaker is simply ensuring that their bonus is used fairly. Players still have the chance to wager money that is above what they initially deposited. It is always a good idea to check what these requirements are for any gambling site you are considering joining to ensure that you give yourself every chance of realising the bonus at a level you can afford, even if this means making a smaller initial deposit in the first place.
Remember a 10 bonus realised is still more free cash than a 150 bonus that is not.
Online Gambling Turnover Calculator
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