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Malta Online Gaming – Risky Business or Hidden Treasure?

Remember that online casinos want to stay in business because they make money. The only way for them to stay in business is to attract players so the rationale goes that the only way for them to attract players is to operate a legitimate and honest site.

If you are of legal gambling age and understand that you are gambling for entertainment, not for profit, then the conscious decision is yours. Gambling is not a magic way to make money and the rationale should be that players enjoy gambling as a form of entertainment. Indisputably online gaming is an industry which to survive needs to make a decent profit on its operations. Although statistically speaking a player may be lucky and hit the jackpot there is always a conscious feeling that the house always wins in the end. Typically the statistical edge is in favour of the house and this varies according to the game or type of bet.

To give an example, roulette makes 5% ,Blackjack 10 % to 20% ,football and basketball ( single bets ) 19%, and horseracing about 19%. So what one may ask is new about this nascent industry and how do we rank in the pecking order of jurisdictions that licence such business ? We find that top of the list is Curacao with 246 sites whereas another popular North American jurisdiction is Kahnawake in Canada. The latter hosts 301 active sites. Definitely we need more time to catch up with these jurisdictions but predictions are bright. Having just started we need to make hay while the sun shines yet Malta would stand to gain by consolidating its own position.

Read the entire article at: Mondaq’s Article Service 

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