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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.
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