Casino time!!!I made a roulette game!! Come place a bet and win 5 times your bet!!! Maximum bet 99k so the payout is faster!! Rules: -I give you a flower -you make your bet and place the flower on the image you think the spinning wheel will land -you spin the wheel and if you win you get paid 5 time
If certain casino games like roulette, have the option to bet on things like odds/evens or high/low, but the payout is only 1:1, why would anyone even consider betting on this? If there’s no chance to profit, what is the reasoning behind these bets?
https://imgur.com/a/NxmBEH4 As you can see my bet is clearly on the winning location. I contacted their help department but all they could tell me was that my bet was recorded differently than how it is clearly shown on this image.
I Have played there Crazy Time game and monopoly games as well as poker and blackjack tables. The games are fun but not when you suspect some of them are rigged. Watch the wheel games closely you can see when they are slowing the wheel down. I was in lightning roulette game the other day and the wheel malfunctioned for a few minutes. I had $2 bet on red black and the ball landed on 28. They called it a "Glitch". I never received that payout for the win. Other players in the chat put way more money than me and they also didn't get paid. Well as far as I'm aware they didn't judging by what they were saying in chat. I disputed with evolution game support and she basically flat out lied to me. Then I talked with roobet support and they helped none. It was $2 but if they are willing to steal that, you know! I closed my account out Immediately and left my balance. Wasn't but a few bucks. Now today I logged into my other casino and not that I wanted to play any evolution games but come to find out none of the evolution games will load for me. I was just curious. Now not only that games that use to work before at this casino before wont load either. Do I even need to say what I think is going on here? I'm just letting you know be aware. They stole my money.
Ultimate Casino Cashback Guide - Earn over £500 - Every Offer Explained!
This guide aims to outline all of the best gambling cashback offers available over a range of sites, following this guide you should be able to make over £500 in cashback Note - Cashback often takes a while to payout, bear this in mind when completing offers as you may have to wait to cashout your earnings When completing these offers don't chase any loses as the cashback will give you a profit with nerly every offer A short review of each site and some referral links Topcashback - Cashback will show as tracked within a few days, can take a few weeks to become payable, in some cases even longer, asides from gambling they have great offers for car insurance and mobile phone contracts, worth taking a look to save some extra money! Ref - Extra £5 when you make £10 cashback Non-Ref - No reward Quidco - Much the same as Topcashback Ref Non-Ref Minimum payment - £10 Ohmydosh - Faster Payouts but less offers Ref - Extra £1 Non-Ref - No reward Minimum payout - Any Cashback Earners - A lesser known site in need of a fresh look, this site also has some bad reviews, referal income is paid to the site on a monthly basis with the dates for each site being different, offers don't seem to show as tracked until the website receive their payment, cashback should appear in your account within 1 month of completing an offer. Cashout amounts are specific, its best to build up a balance and then withdraw. Payment takes around 3 weeks. Ref - Sign up bonus £6.5 Non-Ref - Sign up bonus £6.5 Minimum payout is £20 Payment Proof - Payments for all sites can be seen here, quidco isn't shown as i have signed up for all the casinos on offer through topcashback
How to Maximize Profit - IMPORTANT - READ THIS
For the majority of these offers you want to play blackjack following the chart found here Any blackjack game will do, look for a normal version of the game at the site you are playing on and make sure it is a non live game as the hand sizes will be lower. When playing blackjack there will often be more than one spot that you can bet on, allowing the player to bet more than one hand at a time, Its important to only bet on one spot at a time as it reduces the variance of the game and will ensure you get the maximum return possible from the game, stick to £1 hand sizes when playing and dont be tempted to bet larger amounts as you will be getting a nice amount of cashback from every offer Through playing blackjack this way the player will get a return of around 98%, meaning for every £100 staked you will lose around £2. If you make a loss on a casino site after completing the required wagering amount, withdraw your remaining balance, don't chase loses as the cashback will make up for loses and give you a profit in most cases. All offers are updated fairly regularly, make sure to check the terms for each offer as information in this post may become outdated. Also check for other offers every now and then as new casinos are added!
TopCashBack Offers - £400+ Profit
Topcashback Referral - Get an extra £5 - See the Ref Link at the top of the page! If you dont already have an account at top cashback, you can sign up through my referral to get an extra £5 added to you account once you make £10 cashback Lottoland - Cashback £15 Add £11 and play 11 separate £1 hands, following the strategy outlined at the top of the post, withdraw any remaining balance. Betfair Casino - Cashback £70 Note this is not the poker offer Add £50 to your account and play 50 single £1 hands on blackjack following the strategy outlined at the top of the post, withdraw any remaining balance. Quidco are offering £100 for this offer Party Casino - Cashback £26.5 Deposit and play 30 single £1 hand son blackjack following the strategy outlined at the top of the post, withdraw any remaining balance. Tombola - Cashback £24.5 Deposit £10 and open the tombola roulette game, choose a £1 chip size and choose 5 spots, repeat this twice, withdraw any remaining balance, you will likely lose money here but the cashback will give you a profit Coral - Cashback £46 Add £10 and play 10 single £1 hands on blackjack following the strategy outlined at the top of the post, withdraw any remaining balance. Bingoport - Cashback £3 Sign up to bingoport to get an easy £3 Ladbrokes - Cashback £42 Add £10 to your account and play 10 single £1 hands on blackjack following the strategy outlined at the top of the post, withdraw any remaining balance. Pokerstars - Cashback £32 Add £25 and play 25 single £1 hands on blackjack following the strategy outlined at the top of the post, withdraw any remaining balance. STS - Cashback £21 Add £30 to your account and play 30 single £1 hands on blackjack following the strategy outlined at the top of the post, withdraw any remaining balance. William Hill - Cashback £54 add £25 and play 25 single £1 hands on blackjack following the strategy outlined at the top of the post, withdraw any remaining balance. Megacasino - £15.75 Add £25 - Play 25 single £1 hands on blackjack following the strategy outlined at the top of the post, withdraw any remaining balance. LottoGo - Cashback £3.18 Buy a euromillions ticket Slingo - Cashback £24.75 Add £10 play 10 single £1 hands on blackjack following the strategy outlined at the top of the post, withdraw any remaining balance. PaddyPower Games - Cashback £20 Add £10 play 10 single £1 hands on blackjack following the strategy outlined at the top of the post, withdraw any remaining balance. The Football Pools - Cashback £24.75 Sign up for the £10 a month subscription, cancel this after 30 days Lottomart - Cashback £18 Add £10 - Play 10 single £1 hands on blackjack following the strategy outlined at the top of the post, withdraw any remaining balance. Genting Slots - Cashback £25 Add £30 play 30 single £1 hands on blackjack following the strategy outlined at the top of the post, withdraw any remaining balance. OhMyDosh - Cashback £40+ Referral gives an extra £1, sign up through the ref link at the top of the post to get the bonus! Gala Bingo - Cashback £17.50 Deposit at least £5, you'll get a £10 slots bonus and 100 free spins, these carry hefty wagering requirements, Open any slot and play the minimum spin size, play until you lose all of the money in your account or complete the wagering requirements on the bonus funds. Withdraw any remaining balance. BGO - £10 Cashback Deposit at least £15. Play 15 single £1 hands on blackjack following the strategy outlined at the top of the post, withdraw any remaining balance. DONT ACCEPT the welcome bonus from BGO. Lottosocial - Cashback £4 Sign up to Lotto Social - Use your correct phone number when joining as it is the only way to login to your account. Purchase 10 lines for £1, after making a purchase go to your account page and find the list of syndicates your are in, leave the syndicates to avoid making any more payments. Cheeky Bingo - £10 Cashback Deposit £10 and get a £40 welcome bonus, just play bingo with all of your funds and hope to get some wins, bonus has 4x wagering requirements.
Quidco - Cashback £100+
Quidco don't offer a sign up bonus, find my ref link at the top of the post if you want to help me out! All of the offers on quidco are much the same as topcashback, the only offer worth noting is the betfair casino offer which pays £100 Betfair - £100 cashback Add £100 and play 100 single £1 hands on blackjack following the strategy outlined at the top of the post, withdraw any remaining balance.
Cashbackearners - Cashback £180+
Sign up Bonus Get a £6.5 sign up bonus, think this works with or without the ref link, links are at the top of the post! To find these offers just search for casino on the site. All of these offers state that you only need to make a deposit, its best to play through the deposit 1x to ensure that the cashback is paid. LuckyMeSlots - Cashback £15 Add £15 and play 15 single £1 hands on blackjack following the strategy outlined at the top of the post, withdraw any remaining balance. Spin Genie - Cashback £12.5 Add £12.5 and play 12.5 £1 hands on blackjack following the strategy outlined at the top of the post, withdraw any remaining balance. Cashmo - Cashback £10 Add £10 and play through £10 on any slot staking the minimum amount per spin. Don't spin the wheel that pops up after signing up or accept any other bonuses. Ice36 -Cashback £15 Add £15 and play 15 £1 hands on blackjack following the strategy outlined at the top of the post, withdraw any remaining balance. Spinhill Casino - Cashback £15 Add £15 and play 15 £1 hands on blackjack following the strategy outlined at the top of the post, withdraw any remaining balance. Galacasino - Cashback £30 add £30 and play 30 £1 hands on blackjack following the strategy outlined at the top of the post, withdraw any remaining balance. Casino765 - Cashback £12.5 Add £12.5 and play 12.5 £1 hands on blackjack following the strategy outlined at the top of the post, withdraw any remaining balance. Casinosuperwins - Not recommended, bad site, awful support Casino2020 - Cashback £15 Add £15 and play through £15 on any slot staking the minimum amount per spin. Keep track of spins and quit the slot after wagering the required amount. Don't spin the wheel that pops up after signing up or accept any other bonuses. Pocketwin - Cashback £10 Add £10 and play through £10 on any slot staking the minimum amount per spin. Keep track of spins and quit the slot after wagering the required amount. Don't spin the wheel that pops up after signing up or accept any other bonuses. The Sun Vegas - Cashback £15 Add £15 and play 15 £1 hands on blackjack following the strategy outlined at the top of the post, withdraw any remaining balance. DrSlot - Cashback £10 Add £10 and play through £10 on any slot staking the minimum amount per spin. Keep track of spins and quit the slot after wagering the required amount. Don't spin the wheel that pops up after signing up or accept any other bonuses. MrSpin - Cashback £10 Add £10 and play through £10 on any slot staking the minimum amount per spin. Keep track of spins and quit the slot after wagering the required amount. Don't spin the wheel that pops up after signing up or accept any other bonuses. PrimeCasino - Cashback £15 Add £15 and play 15 £1 hands on blackjack following the strategy outlined at the top of the post, withdraw any remaining balance. ConquestAdor - Cashback £10 Add £10 play 10 £1 hands on blackjack following the strategy outlined at the top of the post, withdraw any remaining balance. MFortune - Cashback £10 Add £10 and play through £10 on any slot staking the minimum amount per spin. Keep track of spins and quit the slot after wagering the required amount. Don't spin the wheel that pops up after signing up or accept any other bonuses. Thanks for reading, hope this of use to some people, happy earning!
Have I just been really lucky with the casinos, or...?
Apologies if this is a regular question here; I recently started a blind run of XI S and have been avoiding this sub and everything else DQ related so that I don't get spoiled. I just got to the casino in Act 2, so please don't spoil me for anything that happens beyond that point! I played the casino from act 1 for a few hours, and now I've just finished, uh... changing the ownership of the casino in Act 2 and have been there playing roulette for about ten minutes post-story event. I now have the following accolades (plus some other lesser ones):
Luck of the Devil (1,000,000 tokens)
Seventh Heaven (complete set of gold 7s, Slime Quest)
All the Sevens (77777 in regular slots)
Jackpot Slotter (77777 on Metal Mode, regular slots)
Fresh Squish Flush (royal jelly flush, poker)
The Wheel McCoy (jackpot, roulette; I got this on my 25th spin with a payout of 1,000,000, which is what made me question my run of luck so far)
Are the casinos set up to let you win after a short while? Is this pretty normal? Or should I be sending prayers of thanks to Yggdrasil for this ridiculous amount of luck? I remember struggling for days in VIII to get enough tokens for the Gringham whip, and had resigned myself to the same here - is the casino just a lot more generous in XI? [Edit] Sorry that I wasn't more clear: these results are almost entirely from the first casino, and I didn't play anything at the second until after clearing out the monsters.
I found a small casino resort about 3 hours away from me that offered a wild blackjack game. It's so good that they must of screwed up the odds on all levels of management. This is the game. -Single deck with a 90% penetration. -Pay out 2:1 -Minimum $5 to $500 -Stand on soft 17 -Splits on any pair -Unlimited splits -Ace splits get one card only -You can double down on any 2 cards. -You can surrender. -Once you double down you have the option to surrender. I have no idea who approved this in a casino. I know someone will be fired over this house edge. But I was able to play this game for two days while I was there. Needless to say I am already rushing back. I stayed at this place for 2 nights. At first I thought the dealer was miss paying 2:1 instead of 3:2. But then I had been paid out for blackjack 2 or 3 times before the pit boss came over and watched the payouts. Then after a few minutes the casino swapped out dealers. I was still really confused because I have never seen an actual $5 single deck before. I has surrendered a couple hands before the new dealer. Once she got to the table I was dealt 5,6 vs deal 10. I doubled down and got an ace. The dealer then asked if I wanted to surrender. At this point I thought that all the dealers had no clue what they were doing. Again I have never seen a true $5 single deck with a 2:1 payout and now a double down surrender? It was kind of hard to hear the lady when I asked what she meant due to barriers and masks. At this point the pit boss was walking over to mark the two chairs the frat guys sat in to be cleaned due to COVID. He explained how normal casinos don't offer a surrender like that but most people don't use it because they are smart. I want sure if this was slight heat but I was more confused than anything. I played a few more hands and walked away. The only reason for walking away is that I wanted to stand back and see if the situation was right. I got my girlfriend, walked around, got dinner and walked back to the floor. We walked around and observed everyone flocking to the 6 deck games for $5. I sat down and kind of played dumb. I asked the table why everyone liked blackjack vs craps or roulette. After some answers I slowly slipped in asking "Why are those tables of blackjack so empty?" A dealer replied that "The only players that play that are usually throwing down high bets and drunk or are from out of town. Locals want to play a game that doesn't stop to shuffle every 5 minutes". I looked around and on a Tuesday night I could only see elderly people playing penny slots, college kids getting drunk and making really bad plays and bets, and obviously gambling addicts jumping from slots, to craps, to game to game. At this point my friend and I decided too leave upstairs and get some sleep. The next day we walked around the town. I called a friend who runs a casino business about the game. He told me to go back like I was going to and look over the rules again. Once the tables opened up I grabbed my girlfriend and gave her $100. She doesn't gamble at all and kind of knows the rules. I told her to not ask me anything but ask the dealer when she is confused on how to play so I could hear them explain it. She sat down at the table and I followed after sitting down across from her. This night I observed the same thing from 2 new dealers. But this time they gave weird advice on doubling because "I can feel it" on a players 16 vs the dealers 10 and things of the sort. Overall it still confuses me. This happened a week ago. Needless to say I put in to take time off of work to travel back comes up soon to hope it wasn't some weird alternate universe.
DraftKings (NASDAQ: DKNG) - Deep Dive Research - Part 1
TL:DR
This is Part 1 of my two part deep dive on DraftKings (Ticker: DKNG, I will refer to the company as “DK”)
This first part introduces you to (1) me, (2) the company, (3) my thesis on the company, and (4) digs into how they make money.
The second part (already released, you can read it here - but get through part 1 first :) ) will go in depth to explore the question “Can we 10x from here?”
DK is an exciting, disruptive company working to change how we experience watching sports and make it better.
I am not a financial advisor and this is not investment advice. These are just my opinions to help facilitate learning and discussion.
Hello, welcome to my first deep dive write up. My name’s Mark and I’m an accountant with a passion for investing. About two years ago, I used to work as an auditor at a public accounting firm and have been behind the scenes at many different publicly traded and privately held companies in the U.S. My goal is to bring my unique perspective from that past experience, my current experience working in a new role at a large corporation, and my understanding of accounting to help break down some of the most exciting growth stocks on the market today. I’m a long-term investor. I am focused on finding great companies and holding them for a long time. I’m willing to endure volatility, crazy price drops, and everything that comes with this approach as long as the facts that led me to originally invest and believe in that company have not changed. If you want to learn more about this approach. I recommend reading the book “100 Baggers” by Chris Mayer. Introduction I think it’s fitting that my first stock pick has to do with sports. Sports has been a part of my life since I could walk at the age of 2. First with baseball and soccer, and then later in my childhood with golf. I’ve always played American football and basketball for fun as well and have always been an avid fan of all the major sports in the US. I started playing fantasy sports (mostly just fantasy football) about 6 years ago and have always enjoyed it. Traditionally, with fantasy football you draft a team at the beginning of the year and those are your players for the rest of the season. If you have a bad draft, oh well. You can try to improve your team with trades and free agent additions but it is tough. Leagues usually consist of 10-14 teams (each managed by an individual) and there’s obviously only one winner at the end of the season (about 4 months after the draft). This can lead to the managers of the lower performing teams losing interest as the season wanes on. I believe DraftKings’ (DK) founders saw this issue and saw an opportunity. Enter, daily fantasy sports. Now, with the DK platform you can draft a new team every week. Or if you want, every day. This allows fans of fantasy sports to engage at whichever point of the season they want and at varying financial stakes. The Thesis Statement For every stock pick I make, I want to provide a quick thesis statement that can serve as a reminder for why I’m buying and holding that stock for the long term. I’ll always aim to make it just a few sentences long so it can easily be remembered and internalized. This helps during times when the price may sporadically drop and you need to remember why you’re holding this position. The thesis statement I have come up with for DK is as follows: “DraftKings: The leader in allowing fans to engage financially with their favorite sports, teams, and players. Having money at stake makes the game a lot more interesting to watch. The era of daily fantasy sports games, online sports betting, and online betting (outside of sports), is just getting started and DK is as well positioned (or better positioned) than anyone to capitalize off of this trend.” Notice how I said “allowing fans to engage financially” as the first sentence and not necessarily “allowing fans to gamble”. There’s a reason for that. According to US Federal Law, Daily Fantasy Sports (DFS) contests have specifically been exempted from the prohibitions of the Unlawful Internet Gambling Enforcement Act (UIGEA). DK has always been, and I believe will continue to be DFS contests 1st, sports betting 2nd, and other forms of gambling/entertainment 3rd. It is noteworthy that states at an individual level can still deem DFS contests illegal if they so wish, but as of this writing (11/26/20), 43 of the 50 US States allow DFS contests and DK, accordingly, is offering DFS contests in all 43 of those US States. I’ll try to clarify the difference between DFS contests and sports betting real quick: DFS Contest – Pay a pre-set entry fee to enter a contest. All entry fees go towards “The Pot”. “Draft” 9 players to be on your “Team” for 1 week. Enter your “Roster” into a contest with other players (could range from 1 other person to 1,000s of people, the DK user can choose). Whichever “Roster” amasses the most points for that week out of all contestants wins. The winner will get the highest payout, and depending on the nature of the contest, other top finishers will receive smaller payouts as well. Sports Gambling – Team A is considered a 10 point favorite to defeat Team B. This means that Team A is expected, by the professional gambling line setters, to outscore Team B by 10 points. This is known as a point spread. You can bet on the underdog or the favorite. If you bet on the favorite, they have to win by more than 10 points for you to win the bet. If you bet on the underdog, you will win the bet as long as the underdog keeps the game within less than a 10 point defeat. These are just a couple simple examples to help you see the difference. Sports Gambling (the 2nd priority of DK) is a very lucrative market just as the DFS contests are. However, in the US, Federal Laws and regulations are a lot stricter on Sports Gambling than they are on DFS. As of this writing (11/27/20), 22 states (including the District of Columbia) out of 51 possible allow sports gambling. DK is still in the infancy stages of getting their sports gambling business going. In the 22 states where they could potentially operate, they currently have a sports gambling offering in 11 of those states. The sports gambling business model for DK can be broken into two main offerings – mobile sports betting, and retail sports betting. Mobile sports betting means you can place a sports bet online from the comfort of your own home, while retail sports betting means you must go to a casino and place a bet with the sportsbook in person. I personally believe mobile sports betting is the real potential cash cow for DK out of the two types of sports betting offerings due to the convenience and ease of access. DK is currently working on and encouraging customers to lobby their state lawmakers to legalize sports gambling in more states. How DK makes money At the very least, before you invest in a company, you better understand how they make money. In Chris Mayers’ excellent book, 100 Baggers, that I mentioned above, he continually references top line revenue growth as one of the main common indicators of a possible 100 Bagger. This isn’t to tell you that any stock I pick will be a 100 Bagger just because it has great top line revenue growth, but if I am looking at a growth stock to hold for the long term, revenue growth is one of the first things I look at. For DK, their means of making money is quite simple. I already went into detail above about DFS Contests and Sports Gambling. In DK’s latest 10-Q filing with the SEC (filed 11/13/20), revenue is broken out into two main streams: Online Gaming and Gaming Software. Online Gaming (82% of Total Revenue for 9 months ended 9/30/20): Online gaming is the true core business of DK and includes the aforementioned DFS Contests, Sports Gambling and additional gambling (non-sports) opportunities. DK refers to their additional gambling (non-sports) as “iGaming” or “online casino”. For the 9 months ended 9/30/20, Online Gaming revenue totaled $239M, up 30% YoY from $184M in the same prior year period. Keep in mind, that this is an increase that happened during a COVID-19 global pandemic that delayed and shortened many professional sports seasons. Online gaming revenue is earned in a few ways that are slightly different, but very similar overall. In order to enter a DFS contest, a customer must pay an entry fee. DFS revenue is generated from these entry fees collected, net of prize payouts and customer incentives awarded to users. In order to place a sports bet (sports gambling), a customer places a wager with a DK Sportsbook. The DK Sportsbook sets odds for each wager that builds in a theoretical margin allowing DK to profit. Sports gambling revenue is generated from wagers collected from customers, net of payouts and incentives awarded to winning customers. The last form of online gaming revenue is earned in similar fashion to a land-based casino, offering online versions of casino games such as blackjack, roulette, and slot machines. Gaming Software (18% of Total Revenue for 9 months ended 9/30/20): While the Online Gaming revenue stream mentioned above is a Business to Consumer (B2C) model, the Gaming Software revenue stream is a Business to Business (B2B) model. The Gaming Software side of the business was born out of the acquisition of SBTech, a company from the Isle of Man (near the UK) founded in 2007 that has 12+ years of experience providing online sports betting platforms to clients all over the world. The acquisition occurred as part of the SPAC driven IPO in April of 2020 that combined “the old DK company” with SBTech so that they now are “the new DK company” listed as DKNG on the NASDAQ. SBTech is a far more important part of the story than just being 18% of today’s revenue. The reason for this is because DK will eventually (planned mid-late 2021) be migrating all of their DFS and gambling offerings onto SBTech’s online platforms. Currently, for DFS, DK uses their own proprietary platform but that will move to SBTech with the migration. Currently, for online gambling, DK uses Kambi, the same online gambling platform that services Penn Gaming (PENN), a DK rival. But that’s enough about the software migration for now, back to the Gaming Software revenue. The Gaming Software revenue stream for DK is essentially a continuation of SBTechs’ B2B business model. DK contracts with business customers to provide sports and casino betting software solutions. DK typically enters two different type of arrangements with B2B customers when selling the gaming software:
Direct Customer Contract Revenue: In this type of transaction, the software is sold directly to a business (casino for example) that wants to use the software for their own gambling operations. This revenue is generally calculated as a percentage of the wagering revenue generated by the business customer using DK’s software and is recognized in the periods in which those wagering and related activities conclude.
Reseller Arrangement Revenue: In this type of transaction, DK provides distributors with the right to resell DK’s software-as-a-service offering to their clients, using their own infrastructure. In reseller arrangements, revenue is generally calculated via a fixed monthly fee and an additional monthly fee which varies based on the number of gaming operators to whom each reseller sub-licenses DK’s software.
As mentioned above, SBTech was an international company based in the Isle of Man before being acquired by DK. Thus, the majority of their business in their first 12 years of operating independently has always been international and outside of the United States. This has helped DK, which has historically been US focused, expand it’s international reach. A perfect example of expanding this international reach occurred recently during October (technically Q4) in which DK’s B2B technology (powered by SBTech) helped enable the launch of “PalaceBet”, a new mobile and online sportsbook offering from Peermont, a South Africa based resort and casino company. The deal was headed by DK’s new Chief International Officer, Shay Berka, who previously spent 10 years working for SBTech as CFO and General Manager. Mr. Berka took on the role of DK’s Chief International Officer upon the merger in April earlier this year. I think this deal shows that DK has integrated SBTech and it’s business very well into the larger business as a whole. They are not wasting any time using their newly acquired resources to expand their reach and bring in new sources of revenue. This is the end of my first article about DK. My goal is to drop Part 2 later this week. The focus of Part 2 will be an in depth answer of the question – “Can we 10x from here?” Disclosure: I am/we are long DKNG. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
DraftKings (NASDAQ: DKNG) - Deep Dive Research - Part 1
TL:DR
This is Part 1 of my two part deep dive on DraftKings (Ticker: DKNG, I will refer to the company as “DK”)
This first part introduces you to (1) me, (2) the company, (3) my thesis on the company, and (4) digs into how they make money.
The second part (to be released later this week) will go in depth to explore the question “Can we 10x from here?”
DK is an exciting, disruptive company working to change how we experience watching sports and make it better.
I am not a financial advisor and this is not investment advice. These are just my opinions to help facilitate learning and discussion.
Hello, welcome to my first deep dive write up. My name’s Mark and I’m an accountant with a passion for investing. About two years ago, I used to work as an auditor at a public accounting firm and have been behind the scenes at many different publicly traded and privately held companies in the U.S. My goal is to bring my unique perspective from that past experience, my current experience working in a new role at a large corporation, and my understanding of accounting to help break down some of the most exciting growth stocks on the market today. I’m a long-term investor. I am focused on finding great companies and holding them for a long time. I’m willing to endure volatility, crazy price drops, and everything that comes with this approach as long as the facts that led me to originally invest and believe in that company have not changed. If you want to learn more about this approach. I recommend reading the book “100 Baggers” by Chris Mayer. Introduction I think it’s fitting that my first stock pick has to do with sports. Sports has been a part of my life since I could walk at the age of 2. First with baseball and soccer, and then later in my childhood with golf. I’ve always played American football and basketball for fun as well and have always been an avid fan of all the major sports in the US. I started playing fantasy sports (mostly just fantasy football) about 6 years ago and have always enjoyed it. Traditionally, with fantasy football you draft a team at the beginning of the year and those are your players for the rest of the season. If you have a bad draft, oh well. You can try to improve your team with trades and free agent additions but it is tough. Leagues usually consist of 10-14 teams (each managed by an individual) and there’s obviously only one winner at the end of the season (about 4 months after the draft). This can lead to the managers of the lower performing teams losing interest as the season wanes on. I believe DraftKings’ (DK) founders saw this issue and saw an opportunity. Enter, daily fantasy sports. Now, with the DK platform you can draft a new team every week. Or if you want, every day. This allows fans of fantasy sports to engage at whichever point of the season they want and at varying financial stakes. The Thesis Statement For every stock pick I make, I want to provide a quick thesis statement that can serve as a reminder for why I’m buying and holding that stock for the long term. I’ll always aim to make it just a few sentences long so it can easily be remembered and internalized. This helps during times when the price may sporadically drop and you need to remember why you’re holding this position. The thesis statement I have come up with for DK is as follows: “DraftKings: The leader in allowing fans to engage financially with their favorite sports, teams, and players. Having money at stake makes the game a lot more interesting to watch. The era of daily fantasy sports games, online sports betting, and online betting (outside of sports), is just getting started and DK is as well positioned (or better positioned) than anyone to capitalize off of this trend.” Notice how I said “allowing fans to engage financially” as the first sentence and not necessarily “allowing fans to gamble”. There’s a reason for that. According to US Federal Law, Daily Fantasy Sports (DFS) contests have specifically been exempted from the prohibitions of the Unlawful Internet Gambling Enforcement Act (UIGEA). DK has always been, and I believe will continue to be DFS contests 1st, sports betting 2nd, and other forms of gambling/entertainment 3rd. It is noteworthy that states at an individual level can still deem DFS contests illegal if they so wish, but as of this writing (11/26/20), 43 of the 50 US States allow DFS contests and DK, accordingly, is offering DFS contests in all 43 of those US States. I’ll try to clarify the difference between DFS contests and sports betting real quick: DFS Contest – Pay a pre-set entry fee to enter a contest. All entry fees go towards “The Pot”. “Draft” 9 players to be on your “Team” for 1 week. Enter your “Roster” into a contest with other players (could range from 1 other person to 1,000s of people, the DK user can choose). Whichever “Roster” amasses the most points for that week out of all contestants wins. The winner will get the highest payout, and depending on the nature of the contest, other top finishers will receive smaller payouts as well. Sports Gambling – Team A is considered a 10 point favorite to defeat Team B. This means that Team A is expected, by the professional gambling line setters, to outscore Team B by 10 points. This is known as a point spread. You can bet on the underdog or the favorite. If you bet on the favorite, they have to win by more than 10 points for you to win the bet. If you bet on the underdog, you will win the bet as long as the underdog keeps the game within less than a 10 point defeat. These are just a couple simple examples to help you see the difference. Sports Gambling (the 2nd priority of DK) is a very lucrative market just as the DFS contests are. However, in the US, Federal Laws and regulations are a lot stricter on Sports Gambling than they are on DFS. As of this writing (11/27/20), 22 states (including the District of Columbia) out of 51 possible allow sports gambling. DK is still in the infancy stages of getting their sports gambling business going. In the 22 states where they could potentially operate, they currently have a sports gambling offering in 11 of those states. The sports gambling business model for DK can be broken into two main offerings – mobile sports betting, and retail sports betting. Mobile sports betting means you can place a sports bet online from the comfort of your own home, while retail sports betting means you must go to a casino and place a bet with the sportsbook in person. I personally believe mobile sports betting is the real potential cash cow for DK out of the two types of sports betting offerings due to the convenience and ease of access. DK is currently working on and encouraging customers to lobby their state lawmakers to legalize sports gambling in more states. How DK makes money At the very least, before you invest in a company, you better understand how they make money. In Chris Mayers’ excellent book, 100 Baggers, that I mentioned above, he continually references top line revenue growth as one of the main common indicators of a possible 100 Bagger. This isn’t to tell you that any stock I pick will be a 100 Bagger just because it has great top line revenue growth, but if I am looking at a growth stock to hold for the long term, revenue growth is one of the first things I look at. For DK, their means of making money is quite simple. I already went into detail above about DFS Contests and Sports Gambling. In DK’s latest 10-Q filing with the SEC (filed 11/13/20), revenue is broken out into two main streams: Online Gaming and Gaming Software. Online Gaming (82% of Total Revenue for 9 months ended 9/30/20): Online gaming is the true core business of DK and includes the aforementioned DFS Contests, Sports Gambling and additional gambling (non-sports) opportunities. DK refers to their additional gambling (non-sports) as “iGaming” or “online casino”. For the 9 months ended 9/30/20, Online Gaming revenue totaled $239M, up 30% YoY from $184M in the same prior year period. Keep in mind, that this is an increase that happened during a COVID-19 global pandemic that delayed and shortened many professional sports seasons. Online gaming revenue is earned in a few ways that are slightly different, but very similar overall. In order to enter a DFS contest, a customer must pay an entry fee. DFS revenue is generated from these entry fees collected, net of prize payouts and customer incentives awarded to users. In order to place a sports bet (sports gambling), a customer places a wager with a DK Sportsbook. The DK Sportsbook sets odds for each wager that builds in a theoretical margin allowing DK to profit. Sports gambling revenue is generated from wagers collected from customers, net of payouts and incentives awarded to winning customers. The last form of online gaming revenue is earned in similar fashion to a land-based casino, offering online versions of casino games such as blackjack, roulette, and slot machines. Gaming Software (18% of Total Revenue for 9 months ended 9/30/20): While the Online Gaming revenue stream mentioned above is a Business to Consumer (B2C) model, the Gaming Software revenue stream is a Business to Business (B2B) model. The Gaming Software side of the business was born out of the acquisition of SBTech, a company from the Isle of Man (near the UK) founded in 2007 that has 12+ years of experience providing online sports betting platforms to clients all over the world. The acquisition occurred as part of the SPAC driven IPO in April of 2020 that combined “the old DK company” with SBTech so that they now are “the new DK company” listed as DKNG on the NASDAQ. SBTech is a far more important part of the story than just being 18% of today’s revenue. The reason for this is because DK will eventually (planned mid-late 2021) be migrating all of their DFS and gambling offerings onto SBTech’s online platforms. Currently, for DFS, DK uses their own proprietary platform but that will move to SBTech with the migration. Currently, for online gambling, DK uses Kambi, the same online gambling platform that services Penn Gaming (PENN), a DK rival. But that’s enough about the software migration for now, back to the Gaming Software revenue. The Gaming Software revenue stream for DK is essentially a continuation of SBTechs’ B2B business model. DK contracts with business customers to provide sports and casino betting software solutions. DK typically enters two different type of arrangements with B2B customers when selling the gaming software:
Direct Customer Contract Revenue: In this type of transaction, the software is sold directly to a business (casino for example) that wants to use the software for their own gambling operations. This revenue is generally calculated as a percentage of the wagering revenue generated by the business customer using DK’s software and is recognized in the periods in which those wagering and related activities conclude.
Reseller Arrangement Revenue: In this type of transaction, DK provides distributors with the right to resell DK’s software-as-a-service offering to their clients, using their own infrastructure. In reseller arrangements, revenue is generally calculated via a fixed monthly fee and an additional monthly fee which varies based on the number of gaming operators to whom each reseller sub-licenses DK’s software.
As mentioned above, SBTech was an international company based in the Isle of Man before being acquired by DK. Thus, the majority of their business in their first 12 years of operating independently has always been international and outside of the United States. This has helped DK, which has historically been US focused, expand it’s international reach. A perfect example of expanding this international reach occurred recently during October (technically Q4) in which DK’s B2B technology (powered by SBTech) helped enable the launch of “PalaceBet”, a new mobile and online sportsbook offering from Peermont, a South Africa based resort and casino company. The deal was headed by DK’s new Chief International Officer, Shay Berka, who previously spent 10 years working for SBTech as CFO and General Manager. Mr. Berka took on the role of DK’s Chief International Officer upon the merger in April earlier this year. I think this deal shows that DK has integrated SBTech and it’s business very well into the larger business as a whole. They are not wasting any time using their newly acquired resources to expand their reach and bring in new sources of revenue. This is the end of my first article about DK. My goal is to drop Part 2 later this week. The focus of Part 2 will be an in depth answer of the question – “Can we 10x from here?” Disclosure: I am/we are long DKNG. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
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Hello all, I am a graduate student in finance with a bachelor's degree in Accounting. I wrote my thesis on how macroeconomic policy affects US equity markets (equity markets = stock market). I've spent the last 3 years studying this stuff and I'd say that I am not qualified in any sense to give sound investment advice. What that should tell you is that the stock market is an extremely complex landscape and takes years to understand. Even the best of the best lose money. With that being said, this comment is for informational purposes and not to be taken as investment advice or direction. I originally wrote this post as a comment to another user, but thought that it may be beneficial for others to use. It's very surface level, but I think it does a good job of answering some more abstract questions that people may have about equity markets. I also think it does a good job of establishing a solid, albeit basic idea of value investing and financial analysis. --- Understand that the last ten years does not accurately represent equity markets historically. From 1925 to 1941, if you invested in the S&P 500 index, you would have seen an average annual return of less than 5% with several of those years being negative- over the next ten years. Same goes for 1960 to 1975. (Disclaimer: Before people tear me apart saying you can't invest in the S&P 500 directly, I know. I'm using it as an example.) We've experienced a remarkably strong bull market over the last ten years, with 20% annual returns on the S&P 500 index; however, just because we've had a strong market the last ten years does not mean it will stay that way. Consider Japan in the early 1990s. Their bull market turned into a bubble (google: financial bubble) and for the next 10 years they saw no long term growth in their equity markets. They call the 1990s in Japan, "the lost decade". So this begs the question: if there are 10, sometimes 15 year long periods where we have almost no growth, or perhaps negative returns, when, where, and why should I park my money in equities? The first thing I think we should understand is risk. Risk is at the heart of almost all things "investing". If you go to the casino, and place $5,000 straight at the roulette table, your payout is a massive 35:1. If your bet hits, you walk away with $180,000. But statistically, your chances of winning are less than 3%. The risk is massive. Alternatively, if you buy a 3-month US treasury bill, the payout is around .1%. Meaning you would made $5 on a $5,000 investment. Why? The risk is so low. Also, what is a 3-month US treasury bill? Let me explain. A US Treasury bill is a short-term government debt security. Here's how it works. You give the US government $5,000. They now owe you $5,000 PLUS interest at a future date. In this example, it's 3 months. The US government says, "Thank you! We will give you $5,005 back in three months!" In three months, they give you the money back. Ask yourself, if you had to guess the percentage likelihood of the US government collapsing in the next three months, what would it be? Pretty low, right? That's why the return is so low. The United States government has the power, means, right, and infrastructure to tax the wealthiest population on the planet. Also, they aren't going out of business anytime soon. Therefore, that $5 return on a $5,000 investment is essentially guaranteed. Check out this chart. All stocks sit somewhere on this line of risk and return. But, how do we know the risk and return? Great question. How do we assess the value of an asset? An asset's worth is the sum of its future cash flows discounted to today's dollars. Read that again. An asset's worth is the sum of its future cash flows discounted to today's dollars. This is what we call "Net Present Value". Here's a video over it.Here's the NPV formula. Let's say we have a machine that spits out one dollar every year for 5 years. What is the value of that machine assuming a 2% inflation rate every year? Let's find out! Remember our NPV formula? Let's do the math. [$1 / (1+ .02)1] + [$1 / (1+ .02)2]+ ... + [$1 / (1+ .02)5] = $4.71. In this example, inflation rate is the discount rate; however, the discount rate can be many other things. We won't go into that right now though. So what does this mean to you? It gives you perspective. All those price movements in the stock market are the product of huge investment banks, mutual funds, and hedge funds moving money in and out of equities in massive quantities, with those decisions backed by hundreds, if not thousands of hours of research with private data that you can't access even if you had the money too. One of the big ways they (big banks) make these decisions is by using the NPV formula with Net Income in the numerator to determine the value of the asset and a rate to discount the cash flows at (there are ways to do this, again, we won't go into it). Then they use more complex methods to assess risk. Other methods of valuation may be used, but again, this is one of the big ones. So far, we've learned that risk and reward are positively correlated and companies are valued by their earnings. But, if companies are valued by their earnings, then why do bubbles happen? Why does the market tank sometimes? Shouldn't the market accurately reflect all companies at any given time? In theory, yes. But humans are irrational creatures, and often wrong. Therefore, stock prices are not always appropriately valued. I am going to introduce you to two financial ratios: earnings per share (EPS) and price to earnings (P/E) ratio. NOTE: EARNINGS = NET INCOME. Earnings per share is the net income of a company divided by it's number of outstanding shares. EPS = Net Income / Shares Outstanding. So let's say my company has a net income of $100 for the 2020 year and there are 100 shares outstanding. That would mean that my company's EPS is $1. Let's look at a real example: Apple. Click on this link. In the top left hand corner, click on sections>financial statements>consolidated statements of operations. Find EPS. Apple's EPS is 3.31. That's pretty solid. EPS puts a companies earnings in perspective with respect to the number of shareholders it has, which allows you to compare a companies earnings to its competitors, whether they be smaller or larger. Next, the price to earnings ratio. This is easy to calculate. It is just the share price divided by the EPS. PE = Price / EPS. What this does is puts the price of the stock in perspective with respect to its earnings. Consider the example where my company had an EPS of $1. Let's say the price of my stock is $30 per share. That would mean my PE ratio is 30 (PE raio of 30 = $30/$1 EPS). For some perspective on the PE ratio- the average P/E ratio in the S&P 500 is 25-30. But they can be as high as 1,000 (like Tesla) or as low 4 or 5. What the PE ratio does is says, "Hey man, here's a metric to determine how justifiable the price of this stock is considering how much the company makes." Generally speaking, investing in companies that have low PE ratios tend to show higher returns. Why? Because there is more of an acceptable margin (historically) for the price to increase with respect to earnings. For example: Five years ago, Apple's PE ratio was around 10. Now it's 40. This means the price went up, the earnings went down, or both. Over the last 5 years, Apple's EPS has increased. Therefore, because it's PE ratio is increasing as well, this means that it's price of the stock is increasing faster than it's earnings. Reference this chart. This isn't necessarily a bad thing, it just means that the big boys like Morgan Stanley, JP Morgan, etc. think that Apple is going to do really well over the coming years as of right now. But let's say that tomorrow Apple was outed as a front for a money laundering scheme and they were going to be audited by the SEC and FBI. The price would tank. Why? Because people would be questioning if Apple would even exist as a company in the following years. They (the big boys, the government, me and you) would doubt their earnings. Rightfully so, I should add. What I (and many others) do is look at companies and determine:
Are their earnings sound? (Is it positive? If not, will it be positive? Will the company grow? Will another company come in and do whatever this company is doing, better?) This will help you determine if the return will be solid.
What is the current price of the equity in relation to the earnings? (What's the PE? Is it going up? Is it going down? Why?) This will help you determine how risky is your investment.
A solid company is generally one that has a high EPS, a low PE ratio, and is expected to grow. The reason Tesla has a PE ratio of >1,000 is because people expect it to grow. Like, they expect it to be the largest electric vehicle company by net income in the next 10-20 years AND expand into other markets like solar energy and batteries. Will they be right? I guess we'll see! This is the tip of the ice berg when it comes to investing. If you truly want to learn how to capture returns without exposing your investment to a large amount of risk, you are going to have to spend time learning how to do this. Here are some resources:
The Intelligent Investor (with Commentary) by Benjamin Graham. Read it entirely, the commentary first, then the chapters (Commentary, chapter, commentary, chapter, ...). Then read the commentary again and make notes.
Learn how to read three financial statements: The balance sheet, the income statement, the statement of cash flows.
Watch Martin Shkreli's investing lessons on Youtube. Specifically the first 5 or 6. Yes, he's done some bad stuff. But he really is an excellent teacher and extremely smart.
In my opinion, experience is a great teacher. Play with a small amount of money. Throw $100 at a stock you like and see what happens to it. If it drops 10% in a day, figure out why. If it goes up 10% in a day, figure out why. If it goes up steadily over the next six months, figure out why. If it doesn't do anything- figure out why. I'd like to note again that these opinions do not constitute investment advice. They are my personal opinions and do not guarantee any sort of returns. This is how I personally approach the stock market. Investing in any asset carries risk and all investors should conduct their own due diligence and analysis before investing. "Be fearful when others are greedy; be greedy when others are fearful." -Warren Buffett Cheers
This call of assessment may make you wonder about the exact definition of casino payouts. Many game lovers have never looked into the real meaning of this phrase. Read on to find out the approximate payout odds and how to find the right casino. Everyone has a personal game method and the payout percentage should matchyour record. The private play fashion is the simplest part of how to win prizes. Other parts of the sport have nothing to do with you. Payout rates are usually set using online casinos. You need to find a percentage of online casinos that praise your preferred strategy. It's easy to find out how much money can be misplaced in a particular game, along with cutting-edge strategy. One example of a method is the "Martingale" approach. Players can usually see how much money they will lose as the roulette game progresses. This particular skill requires you to double your bets every time a loss occurs. The prize money will be widespread while it actually occurs. However, this technique does not paint a picture if the casino has a negative payout ratio. You need to learn how to match the method with the payout. Percentage rate range. The quantity depends on the type and perimeter of the sport. Land-based casinos in the U.S. have to surrender to their customers for how much money they have made. Some are as low as 70%. Although online casinos can vary greatly. This is caused by a large number of gamers.
Rush Casino - free spins, no deposit bonus, promotion
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At Rush Casino, you have the possibility to make use of 4 payment methods to make a deposit. Paying in using e-wallets is not allowed, instead, you have the chance to make use of credit cards like MasterCard or Visa. On top of that, prepaid payments cannot be selected, but you have the possibility to deposit with bank transfer payments like Trustly. Depending on your residence the exact range of deposit and withdrawal options can vary. Good to know: There may be deposit limitations per the given payment method. You can contact customer support or view the Rush Casino deposit limits in the payment section. Rush Casino offers 4 withdrawal methods. The casino provides you with withdrawal options like MasterCard, Visa and Trustly. At Rush Casino, players can carry out an unlimited amount of free withdrawals. Hence, regardless of the number of your initiated withdrawals, no withdrawal fees are charged by the casino. Every payout that you initiate is checked manually by Rush Casino. It should be noted that the casino also transacts payouts on the weekend.
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The registration process at Rush Casino is uncomplicated. Initially, you are required to fill in some personal details into the registration form. When you added all personal information to the Rush Casino registration form, a validation of your account is essential. Therefore, casinos often provide a confirmation link via email that players must click on. Finalizing the confirmation enables you to begin playing. Before transacting your first payout, you will need to undergo account verification. To this end, providing a scan of an official document (driving license, id card or passport) is necessary. Additionally, a confirmation of your residence, which can be fulfilled by uploading a receipt (bank statement, gas bill or electricity bill) or a bank document (credit card photo, e-wallet photo or bank account screenshot), is needed. When uploading a provider receipt, check if it was issued less than 90 days ago. The aforementioned documents for the verification have to be provided to Rush Casino via an upload through your account. >>Get Free Bonus Now<<
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Contacting the Rush Casino customer support is possible in several ways. You can send an email to the customer support ([[email protected]](mailto:[email protected])) as an example. Normally, the reply of the support staff should be in your inbox within a short time period after your request. the Rush Casino live chat is available directly on the casino website. During our tests the customer support staff always provided quick and helpful responses. Moreover, common questions are covered in the that the casino offers. In order to keep their licenses, casinos must be fair and provide the highest levels of safety. Coding the site with SSL128 is one of the safety procedures that Rush Casino implements. The reliability is tested on a regular basis by the Malta Gaming Authority, who is the according regulatory commission in this case. At Rush Casino responsible gaming is brought forward through player protection measures. The options give you the option to:
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Additionally, in case of a problem with gambling, you can reach out to the NGO Gamcare that Rush Casino is referring to.
Rush Casino Bonus
New customers have the chance to activate the Rush Casino deposit offer. You can profit from up to €500 additional money if you utilize the 100% bonus. 100 Free Spins are another component of the offer. €20 is the least required amount, that you can pay in using payment methods like MasterCard, Trustly or Visa. A transaction of €500 will activate the maximal bonus. Then you can profit from a total amount of €1,000 to play with. You are not required to key in a bonus code. As the credit process of the bonus takes place automatically, it should not last long until the bonus is credited to your account. Cancellation of the bonus is possible if you decide not to utilize it. Using your bonus funds is permitted once you have used your cash funds. Making use of your bonus funds is permitted for slots from Gamomat, Relax Gaming andMicrogaming, as well as other well-known game providers in the present selection. At Rush Casino, the use of multiple new customer bonus simultaneously is not possible. The bonus and your deposit have to be wagered 50 times in order to cash out any winnings. Additionally, fulfilling the wagering criteria of 10 times, that apply to any winnings from the Free Spins, must be completed. If you request a withdrawal prior to meeting the turnover conditions it will lead to the termination of the bonus. Exceeding the time limit without finishing the conditions will mean that you will forfeit your bonus and your winnings. The money that you payed in, of course, will not expire. >>Get Free Bonus Now<<
Verdict
In sum, Rush Casino provides an entertaining gaming experience for newcomers as well as skilled players. As the games section offers games from 6 popular gaming studios, the game variation can be described as average. The variety of withdrawals and deposits could be slightly broader, but some common options are provided. Furthermore, rewarding offers can be claimed by every player. So, create an account at Rush Casino now to convince yourself!
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Rush Casino Gratis Spins and Free Bonuses Join Rush Casino and receive either 500% up to $50 or 100% up to $800 on the first deposit. In total, you get $1600 free cash in the welcome bonus. Additionally, play free spins on popular slot machines!
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Rush Casino allows you to play free online or wager real money on slot games, live casino and table games using your desktop, tablet or mobile. They have all the latest and classic game offerings from providers such as Netent, Play'n Go, Quickspin, Red Tiger, BetSoft, and Evolution. If your bet is a small stake spin on one of the latest video slots like Gonzo's Quest to pass that 15-minute commute a little quicker or trying to hit the jackpot on all-time classic slot Mega Moolah, it's all there for you on Rush Casino. The casino also have a comprehensive live casino section where you can test your skills on Blackjack, Roulette, Baccarat and more which will give you the thrill of a visit to Sin City, without the need to leave the comfort of your own home. Rush Casino is operated by Rush Gaming Limited (a company registered in Malta) and is regulated by the Malta Gaming Authority, Licence Number MGA/B2C/701/2019 issued on 30th March 2020. Rush Gaming Limited, Level 5, Quantum House, 75 Triq l-Abate Rigord, Ta' Xbiex XBX 1120. In respect to services offered in the Republic of Ireland, the Revenue Commissioners, under remote bookmakers' License number 1013060 issued on 2nd July 2019.
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The MegaRush welcome offer consists of up to €900 (or $1600) + 100 free spins to play on the Book of Dead and is split over 5 deposits. Euro & International markets 1st Deposit bonus: Deposit €10 play with €60 or 100% up to €500 2nd deposit offer: 50% up to €100 3rd deposit offer: 25% up to €100 4th deposit offer: 25% up to €100 5th deposit offer: 25% up to €100 Up to €900 in total bonuses >>Click For Free Bonus Here<< Canada / New Zeeland 1st Deposit bonus: Deposit $10 play with $60 or 100% up to $800 2nd deposit offer: 50% up to $200 3rd deposit offer: 25% up to $200 4th deposit offer: 25% up to $200 5th deposit offer: 25% up to $200 Up to $1600 in total bonuses >>Click For Free Bonus Here<< Norway 1st Deposit bonus: Deposit 100 kr play with 600 kr or 100% up to 5000 kr 2nd deposit offer: 50% up to 1000 kr 3rd deposit offer: 25% up to 1000 kr 4th deposit offer: 25% up to 1000 kr 5th deposit offer: 25% up to 1000 kr Up to 9000 kr in total bonuses >>Click For Free Bonus Here<<
Rush Casino Cashback
Depositing players will also have the chance to opt-in to receive 10% weekly cashback. The maximum cashback which can be paid out is €1500 with a minimum payout of €20. Please note that you can not opt-in for any offer when using the following payment methods: Neteller, Skrill and Paysafecard.
Wagering Requirements
All bonuses offered and free spins are subjected to a wagering requirement unless otherwise specified. Let’s have a look at the wagering requirements that Rush Casino has set for their welcome bonuses.
Wagering Requirement for Casino Welcome offer
The wagering requirements for the MegaRush casino offer is set at 25x D+B. This means that both the deposit and also the bonus would need to be played a total of 25 times. When playing towards meeting the wagering, a maximum bet of 5 Euros per spin is allowed. In terms of timescales, you have a total of 7 days to meet the wagering requirements. If the requirements are not met, any potential winnings will be deemed as forfeited. >>Click For Free Bonus Here<<
Rush Casino VIP Program, Loyalty Scheme and Promotions
Once you have benefitted from a casino/ site’s welcome offer, you look forward to something new, something to keep you on your toes. This is normally found in a loyalty program that a site hosts. As we bring you this detailed MegaRush reviews, there is no loyalty program to talk about. But, let’s keep in mind that the site is relatively news, being launched in 2021. Hence, things can change in the future.
Rush Casino Support
Should you have any questions about the Rush Casino site, bonuses or anything else, you can start off by checking the FAQ section. Alternatively, there is always the customer support team that is eager to help and assist. The team is available. Also, you can reach them via the following communication channels:
Chat - Launch the chat icon located at the bottom left-hand side of your lobby. Simply choose your chosen language, enter your name and email and you are good to go.
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Both real money and virtual currency games will require players to have a registered account. Signing up for one shouldn’t take more than a few minutes, as the casino asks for only the basic information. This is standard procedure at online casinos, who want to prevent bonus abuse and mitigate the risks of players opening multiple accounts at the same bookmaker or casino. New players must state their name, country of origin and gender, before selecting a payment method. They don’t have to make a deposit right away and can deposit at a later date, to claim the bonus. In order to cash out winnings, players are also expected to complete the verification process by proving their identity. In order to pass the verification, one has to send an email to their official address and provide the documents required. Under normal circumstances, this should take between five and 15 minutes.
Goodwin Casino Games and Software
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GoodWin casino is a fresh face in the competitive online gambling industry and it attracts new players with its cool looking website. Simple, yet elegant, it has colorful pages that load quickly on mobile devices, as it was optimized for the use on smartphones and tablets. Useful information about promotions, bonuses, as well as the games available is clearly displayed on the main page. Players can go over the detailed FAQ section and learn more about the new casino, instead of having to talk to customer support. The website is fitted with filters allowing players to browse by game developer or genre, so in spite of having so many games on display, they won’t have a problem in finding the ones they’re interested in.
Contact options
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Other promotions and offers at GoodWin Casino
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Conclusion
GoodWin casino took the gambling market by storm in 2018 and already has an impressive lineup of games covering all genres. They offer excellent welcome bonuses to new players and reward dedicated members through a generous loyalty program. They don’t have the experience of established online casinos, but are quickly catching up and should be able to close the gap separating them from the leaders. >>Claim No Deposit Bonus<<
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Keep On Spinning is Omni Slots slogan printed on the brand logo. And this slogan is well justified. Just imagine seeing over 500 pokies in the lobby and they are all yours! Hosting games from 10+ vendors, the reviewed gambling destination is a real paradise for Australian users who love pokies. Besides purely game content, Omni Slots has an omnidirectional bonus kit that comprises many types of bonuses, from reload deals to generous cashback, all neatly packed into a catchy monthly bonus calendar. Curious players who are set to improve their gambling skills and deepen their knowledge of gambling are encouraged to jump to the casino blog where over a hundred of relevant articles are posted. Signup process is nothing exceptional – it is safe, goes smoothly and requires the minimum personal details from a player. Once signed up, the player interacts with the casino straight in a browser, no app downloads needed. Findings reveal that Omni Slots have many positive ratings on professional forums, that is why the online casino cannot but be recommended to everyone.
Depositing and withdrawing funds
AUD and other currencies (bitcoins are not in the whitelist) can be deposited using any of the six safe and trusted methods including Visa, MasterCard, Neosurf vouchers, Skrill, Neteller and paysafecard. Min/max transaction limits at depositing are $10/$1000. The max deposit does not restrict the number of daily transfers. Quite predictably, withdrawals are less comfortable than deposits because their choices are narrower with only Skrill, Neteller and bank transfer used. Anyway, Australians seem to have gotten used to tight cashout options and shrug off this inconvenience. The minimum amount that the player has the right to withdraw is $20. The max amount that the casino is able to process per day (per user) is $5000, but a monthly limit is $25,000. The pending period is 24 hours during which a player can revoke the cashout. >>Claim Free Spins Bonus<<
Omni Slots mobile casino for Australians
When at home or out and away, Omni Slots is always at hand thanks to the well-designed mobile casino that fits almost every mobile device. Thanks to a wide variety of game providers present in Omni Slots, players have lots of HTML5 mobile-optimized pokie choices to suit everyone’s taste.
Video pokies
The casino has integrated some 500 pokies (and counting) from an array of famous providers such as Amatic, Betsoft, Gamomat, Leander, StakeLogic and Wazdan. Three-reel pokies are located in the Fruit Slots section, while 5-reelers are found in the Video Slots tab. First off, a noticeable downside to the game list arrangement is the lack of filters. There is one that helps readjust the list by provider yet it is hidden under the Looking Glass icon for some reason. Some gamblers may not guess to click on that icon because it looks like a Game Search widget. Pokies from Betsoft are most numerous in the casino collection. Every game from this provider carries the mix of exciting gameplay and visual perfection more typical of modern animated cartoons. Being one of unmatched leaders in the field, Betsoft provides Omni Slots players with a big inventory of fabulous pokies which are full of fantastic bonus features. It is hard to pick the best pokie from many titles; apparently, most of them show excellence in many aspects. Anyway, some of the most tried and true titles are Gladiator, Good Girl Bad Girl, The Slotfather, Mega Gems and The Tipsy Tourist. Pokies from Gamomat, a German company, are poorly promoted in Australia and they are almost unknown to the general public. Yet their portfolio deserves attention for a few reasons. First, Omni Slots offers Gamomat pokies of the Fire Pot series, among others. These games are known to have six progressive jackpots each: Bronze, Silver, Gold, and others. Second, there is a Golden Nights series that provides for a side bet that unlocks a unique bonus feature with huge prizes. Examples include Royal Seven, Book of Moorhuhn and Fruit Mania. Leander’s pokies give other vendors some competition thanks to high-quality graphics and interactive bonus features. Some of the most sought-after solutions are Megadeth, Trick Or Treat and Little Pigs. Many of their games have 20 paylines but there are also pokies with 25, 30 and 40 variable lines. Wild symbols in Leander’s pokies usually bring high prizes, for example, in Jean Wealth, five wilds win x5000 times ($50,000 at max). StakeLogic with their branded Megaways technology are a young and ambitious company offering a variety of highly animated pokies to Omni Slots users. Spectacular graphics and animations are combined with some interesting bonus solutions such as side-by-side games with double reels, double symbols and reel modifiers. Their pokies are on a par with the industry giants and even exceed them in some respect. The most enticing and incredible pokies from StakeLogic are Wild Genie, Space Stallion and Mystical Santa Megaways. >>Claim Free Spins Bonus<<
Table games and live casino
The game of 21 comes in multiple variations including Super Fun 21, Pontoon, Vegas Strip, 21 Burn, Pirate 21 and others. Most games in the catalogue have side bets that pay out hefty wins. Concerning roulette, European, American and French tables are the centerpiece of the Table Games section, yet the casino also features some minor variations of this game such as Multi Wheel roulette and Common Draw roulette. Live tables in the reviewed online casino are served by Pragmatic Play that offers the most popular table games with realistic and thrilling gameplay. Players get access to quick bets and full betting history, while enjoying the true atmosphere of land-based casinos. Their offer currently includes Live Roulette, Live Blackjack, Live Speed Roulette and Live Baccarat. Combining fun with impeccable state-of-the-art technologies, Pragmatic Play delivers highly immersive games to all AU users who have signed up with Omni Slots.
Omni Slots Casino Bonuses for new users
On depositing the qualifying sum, an Australian player will get a 100% first deposit bonus up to $300 plus 50 free spins. FS’s are not accrued automatically – to receive them, a player needs to send a message to the Support and let them know what kind of platform is used for playing (desktop or mobile). The WR for the welcome bonus is x35 (d+b), whilst FS winnings are subject to a WR of x50. Note that that the bonus is sticky. In addition, all new players who have placed $30 (or greater) to the casino balance are eligible for a 50% second deposit bonus up to $200 (plus 20 free spins) – this has the same WR as above. >>Claim Free Spins Bonus<<
Bonuses and promotions for regular bettors
Players who deposited $20 in the previous week, may claim 10 free spins on Monday, and these bonus spins will be used on the pokie of the week handpicked by the casino. WR for free spins winnings are x50 and winnings are capped at $250. Every first day of a month, the casino releases a Promotions Calendar that features reload bonuses, free spins, special bonus events, Pokie of the Week promotions, tournaments and other unique perks for each day of the month. The calendar is refreshed at the beginning of every month.
The bottom line on Omni Slots Casino
This is a legal and licensed online casino that invites Australian users to join in, claim two welcome bonuses and play over 500 pokies from a bunch of top-ranked providers. Banking methods are Australia-specific (bitcoins are noy accepted). Being a reliable place with fast and easy payouts, the online casino is recommended for visiting and playing at. >>Claim Free Spins Bonus<<
Casombie Casino - free spins, no deposit bonus, promotion
Casombie Casino Free Spins Join Casombie Casino and receive one of the exclusive welcome bonuses! These include 100 and 200 free spoins, 100% and 200% welcome bonus, 500 EUR and 1000 EUR free money, cahsback, and re-load promotions. spins. Click on the promo link and take full advantage of our special offers! >>Get Free Bonus Now<<
Casombie Casino Review
At Casombie, established in 2020, a comprehensive package of casino is offered. At the moment, the game library comprises titles from 37 different game studios, that offer a total sum of more than 2.709 titles. It might be the case that not every game is available to you, dependent upon the country that you reside in. Casombie is regulated by the Curaçao eGaming. Alongside English, the casino’s website is offered in 9 more language options, including German and Finnish. The following Casombie review provides more info about the casino, so keep on reading to learn more.
Register Your Account
You only have to take a few steps to complete the sign-up at Casombie. Initially, fill in the registration form that opens after clicking the registration button. Once you have typed in your data to the Casombie registration form, the casino requires you to approve your account. To this end, customers usually receive specific instructions via SMS or a confirmation link via email. You have the option to start to play after the approval procedure is finalized. Casombie requests you to complete an account verification procedure before you are able to initiate payments. For this purpose, the casino demands you to submit a scan of an official document (ID Card, Passport or Driving License) as part of a KYC procedure. In addition, Casombie demands a bank document (credit card photo) or an invoice (phone bill, electricity bill or bank statement) for the verification of your residence. You are required to provide the corresponding documents via mail. >>Get Free Bonus Now<<
Casombie Casino Bonuses
Unlocking the Casombie welcome package is an option for all new players. You can get up to €500 additional credits if you make use of the 100% bonus. As an addition to your extra funds you also have the option to activate 100 Free Spins. Deposits are allowed with Bank Wire Transfer, Skrill or Bitcoin and have to be at least €20. This offer cannot be received if you pay in with Skrill or Neteller. A deposit of €500 will unlock the maximal bonus. Then you can profit from a total amount of €1.000 to place bets with. You are not asked to type in a bonus code. You get the bonus credits automatically within a short time after your payment. The casino offers a cancellation option that you can make use of if you wish not to use the bonus. Your bonus funds are available for playing when your cash funds are used. Using your bonus funds is permitted for games from Yggdrasil, Play’n GO andiSoftBet, as well as other well-known software studios in the present selection. At Casombie, you are not allowed to claim more than one new customer promotion at one time. Before you can withdraw your winnings, turn over your bonus and the deposit 35 times within 10 days. Besides, completing the turnover requirements of 40 times, that apply to any winnings from your Free Spins, must be completed. Initiating a payout before you finished the turnover conditions causes the expiration of your bonus. Exceeding the time limit without finishing the criteria means that you will lose your bonus and your winnings. Your deposit, of course, is not compromised by this.
Other Promotions and Rewards
Existing customers at Casombie are able to activate bonuses, namely a cashback bonus. Be, however, sure to read the T&Cs of these offers prior to activating them as they may be different. At Casombie, joining a loyalty program is not an option. However, VIP customers can avail of faster withdrawals and a personal service agent. As a registered user joining slot tournaments is an option every month and every week. In those tournaments, users have the chance to win free spins and cash. >>Get Free Bonus Now<<
Casombie Casino Games and Software
There are a lot of games accessible at Casombie, providing content for players of all skill levels. The portfolio of software providers comprises well-established names like Play’n GO, Elk Studios orPragmatic Play, however of course, you are able to select some of the best slots designed by other software studios as well. Customers have the chance to select classic slot games as well as video slot games. The list of top slots at Casombie contains Booongo’s Book of Sun, PariPlay’s Jonny Ventura and The Eye of Ra and Piggy Bank created by 1×2 Gaming. You also have the option to test out progressive jackpot slot games, as an example NetEnt’s Mega Joker. Furthermore, live dealer variants of the following games are available: Dragon Tiger, Sic Bo, European Roulette, Poker & French Roulette. Customers who want to play classic table games should also find games that corresponds to their preferences as Casombie offers table games like Baccarat, Casino War, Dragon Bahar, Blackjack as well as French Roulette. However, that’s not all – You can also try out wheel games, arcade games, scratch cards and keno. Due to the fact that the accessibility of games is differing from country to country, we suggest you go to the games library yourself.
Casombie Payments
Casombie offers 12 payment options. Players have the possibility to use crypto payments like Bitcoin or Litecoin. The casino accepts common credit cards like MasterCard or Visa and e-wallets, including Neteller or Skrill. On top of that, making a deposit is available with bank wire transfer, for one thing, Bank Wire Transfer orTrustly, or via prepaid cards like Paysafecard. The exact collection of deposit and withdrawal options can be different depending on your country. Do not forget: There may be deposit limits for each given payment method. To find out the Casombie deposit limits, you have the chance to look at the cashier section or get in touch with the customer service. When paying out, players have the possibility to make use of 12 withdrawal methods. You have the possibility to withdraw your winnings with Bitcoin, Litecoin, Visa & Skrill, to mention only some of the provided payment options. Every day you are able to carry out a payout up to a maximum of €500. Casombie does not restrict the number of free pay-outs, that you can request. As a result, there won’t be any additional withdrawal fees charged by Casombie when paying winnings out. All payouts that you initiate are processed manually. You should get an approval for your cash out within 72 hours. Casombie solely transacts your payouts on workdays, which you should consider. VIP users are able to benefit from exclusive withdrawal arrangements, which is another benefit. >>Get Free Bonus Now<<
Casombie Support
If you have any inquiries, you can get in touch with the Casombie customer support in different ways. For one thing, you have the option to contact customer support via email ([email protected]) or phone line. Typically, the email support staff responds within 45 hours after your request. Alternatively, you can use the webform to get in touch with the support. What’s more, a live chat can be reached 24/7 at the casino. In our inspection, the customer care team always gave quick and helping replies. Casombie furthermore provides an FAQ section, where players should find answers to most questions. In order to retain their licenses, casinos have to be reliable and provide the highest levels of safety. Making use of 128-bit SSL encryption for their site is an example of the security procedures that Casombie uses. The Curaçao eGaming, which granted a license to Casombie, examines the security of the casino on a regular basis. As it is the case in some other casinos, Casombie supports responsible gaming by implementing player protection options. The options allow you to:
Exclude yourself from the casino
Pause your account
In addition, if you have a problem with gambling, you can reach out to the NGO Gamcare that Casombie is referring to.
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