Facts About Online Casino Chargebacks
A deck of cards is one of those things that everyone comes into contact with from time to time. What else can be so small and simple and yet at the same time, so versatile? From serious and complicated games such as bridge to casino classics like poker and blackjack, to magic tricks to wow the kids – a deck of cards can do it all.
Here, we take a look at ten interesting facts about your humble deck of cards. How many of them did you know?
Feb 08, 2011 If you deposited money into an online casino and lost and then went to your bank and disputed the charges (I could careless about the ethics arguement) what kind of grounds could the casino use to justify stopping the charge back? I've heard both arguments and I can't see how a casino would win unless the echeck or credit charge had there name on it.
1) A long history
- Do Not Charge Back Legitimate Transactions. Players use their credit cards to fund online casino accounts. The credit card company clears the funds to the online casino and the player starts wagering. Chargebacks are usually in the favor of the customer, especially since online casinos are illegal in the US and have to use third parties.
- May 03, 2018 “High risk” merchants often have to work with specialty payment processing companies. High risk refers directly to a high risk of chargebacks. Some markets are more susceptible to this than others. For instance, online gambling is a field that inspires a lot of “buyer’s remorse,” and it’s not unusual for customers to file for a chargeback after losing some money in a few hands of.
- I know that I would let the money arrive to the casino and then make a withdrawal as soon as possible. It's not worth the hassle with 'chargebacks' in the online gaming world. It's important to have a clean act with online casinos. Which casino is this?
- Jul 16, 2014 I engage in online gambling somewhat frequently and I have for quite some time now. The payment is one I have never seen before but I know for a fact that it had to have been initiated through the online gaming site. I know chargebacks are a sensitive topic in the online gaming world since a lot of fraud takes place.
Cards first arrived on the scene around 900 years ago in China, yet today, they remain as popular as ever. Perhaps part of the reason is that despite their simplicity, cards and card games evolve with the times. In the 21st century, people still play with traditional cards, but the arrival of the internet has had a significant impact in keeping cards relevant. Online casino sites such as Casino Shark are enormously popular, and have brought traditional card games like pontoon to a whole new generation in an exciting way. The technological age has also reinvented solitaire, and even led to the invention of new games such as freecell.
2) The four suits
Has it ever occurred to you that hearts, diamonds, spades and clubs is something of a random selection for the four suits? As is so often the case, there is logic and meaning behind them, but you have to dig through the sands of time to find it. The original suits back in medieval times were coins, which signified wealth, cups (love), swords and sticks. Over time, these evolved into the suits we see today.
3) Card royalty
Each of the Kings, Queens and Jacks looks quite distinctive, and this is because they are based on real historical figures. The designs originated in France, where playing cards were enormously popular among the aristocracy during pre-revolutionary times. They have all evolved over the years, and the four Kings as we know them today first appeared in the 18th century. They are based on Charlemange (hearts), Caesar (diamonds), King David (spades) and Alexander the Great (clubs).
4) How about the Queens?
There is a common misconception that Queen Elizabeth I is represented as the Queen of Hearts. When you take a look, it is easy to see why people might think this, as there is a striking similarity. However, this is not actually the case. Elizabeth was born in 1533, and the Queens, as they appear in the modern age, go back far further than the Kings, and predate Elizabeth’s birth by some years. The Queen of Hearts is actually based on Judith, a biblical figure, and the other Queens have similarly ancient inspiration.
5) Jacks and knaves
People love an argument over terminology, and one of the most popular where cards are concerned is over jacks and knaves. The discussion has been going on for years, and lovers of classic literature will remember Estella’s exclamation when playing cards with poor young Pip: “He calls the knaves jacks, this boy!” Knave is actually the older term, loosely meaning a servant, but the term Jack, meaning “everyman,” came into common parlance in the 19th century. It became a more standardized term when it became common to include the letter for Kings, Queens and Jacks in the corner of the playing card. With K already in use for Kings, Knaves were abbreviated to Kn, which was clearly less than ideal. No wonder J for Jack became the standard.
6) The ace of spades
We all know that the ace of spades is designed differently to the rest of the cards. Once again, there is a historical reason for this. As mentioned above, cards were very popular in France, and the ruling classes saw a way of making some money out of this. In the 17th century, they levied a tax on just one of the 52 cards, and its design was modified to accommodate the stamp to show that duty had been paid. The idea was imported to the UK in 1711 and remained in force till 1960. Some tried to evade tax by simply playing without the ace of spades – this is where the phrase “not playing with a full deck” is thought to come from.
7) The patterns on the back
These days, you can get cards with everything from Mickey Mouse to Lady Gaga on the back, but traditional cards have those distinctive patterns in either red or blue. These have meaning, too, however – each manufacturer has its own pattern, which is as distinctive as the tartan of a Scottish clan.
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8) Card warfare
Did playing cards really fulfill a significant role in the Vietnam war? There are plenty of stories out there that suggest that they did. According to historians, the Vietnamese were very superstitious about the ace of spades, and believed that it signified death. When they heard about this, the US Playing Card Company in Cincinnati started producing special decks of cards containing 52 aces of spades and nothing else. They sent the packs out to American troops, who left them on the bodies of fallen soldiers and scattered around the fields and jungle to instill fear in the enemy troops.
9) More card warfare
This was not the first time the Cincinnati card maker had helped in the war effort. In a story that sounds straight from Q’s lab in a James Bond movie, they sent specially made playing cards to American prisoners of war held in German camps during the Second World War. When they got wet, the covers could be peeled away, and the cards put together to reveal an escape map.
10) Card manufacture today
The US Playing Card Company is still going strong, although it is now headquartered in Erlanger, Kentucky, and this year, celebrated 150 years of business. It remains the biggest manufacturer of playing cards in the entire world, and sells more than 100 million decks of cards every year.
Slot machines are the most popular games in any casino, but a lot of people don’t have a clear understanding of how they work. In fact, some people have an out-and-out misunderstanding of how they work, while others are more than willing to take advantage of the gambling public’s ignorance in such matters. See our page about slot machine myths for about what we think of those people.
Facts About Online Casino Chargebacks Uk
The purpose of this page is to explain in some detail how a slot machine actually works. Once you have an understanding of the actual inner workings of the game, you might find yourself less (or more) attracted to this type of game, depending on your temperament. Slots can be a lot of fun, but they’re extraordinarily profitable for the casino for several reasons, not least of which is how they actually operate.
Are Online Slots Rigged? If online slots were rigged, then you can guarantee that almost all of them would be closed down by now. It’s one of the biggest concerns people have when playing online, and it’s why we only recommend reputable casinos here at VSO. The top gaming jurisdictions such as UK, Malta and Gibraltar ensure that fair and secure gaming requirements are in place, and this gives each person the same percentage chance of winning.
Return to Player (RTP) is the factor that decides how much the slot pays out. If the slot has an RTP of 96%, then for every $100 that is gambled, the slot will payout out $96. This is regulated and independently tested to make sure you have a safe environment to play it.
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Slot machines use a random number generator. Early slot machines were mechanical (think coin slots), but they still used a random number generator, in the same sense that a roulette wheel, a deck of cards, or a pair of dice are also random number generators. Modern slot machines use a computer to generate random numbers, and these determine the outcomes of the game.
The important thing to remember is that the results are truly random. The game doesn’t work on any kind of cyclical basis, and slot machine jackpots don’t become due. Slots don’t get hot or cold, either. They only seem to, and only then in retrospect. It’s not something you can predict, any more than you can predict with any degree of certainty what the next card will be when dealing a deck of cards.
The casino does have an edge over the player. This is true of every casino game, in fact. The casino gets its edge using math and large numbers. Every bet on every casino game offers a lower payout than the actual odds of winning.
For example, in roulette, the odds of hitting a specific number are 37 to 1. But a bet on a specific number only pays off at 35 to 1. It doesn’t take a genius to figure out how the casino makes its profit in that situation, does it?
Slot machines work the same way.
Slots usually have three reels but sometimes also have five reels. The reel is the image that spins in the front of the machine. It has multiple symbols on it, and if you line up certain combinations of symbols, you win money. The less likely it is to line up a particular set of symbols, the higher the payout on that particular combination.
For decades, these reels were literally large metal hoops, but now that slot machines are powered by computers, they’re more often just images on a video screen. Even in the case of slot machines with actual reels, the outcome is determined by the random number generator inside the computer.
Where those reels stop are called, naturally, “stops”. Reels can stop on a symbol or on a blank space between those symbols. On early slot machine games, each symbol would have an equal chance of coming up, but now that computers are running the show, the odds can be convoluted. You might have a cherry on a reel that comes up on average once every 50 spins, while an orange might come up on average once every 5 spins, or any other combination you can think of.
Early slot machines might have only had 10 stops per reel, but now it’s common to have between 30 and 50 stops per reel. The more stops you have on a reel, the easier it is to offer really large jackpots. For example, if you have a game with 10 stops on each reel, with an equal chance of landing on each stop, then your chances of winning any particular combination are 1/10 X 1/10 X 1/10, or 1/1000. If you have a payout larger than 1000 units, you’re losing money on that game.
Facts About Casinos
Modern computers can adjust those odds using a weighting system.
The weighting is what determines how likely a particular stop is to be picked. Suppose you have a slot machine game with 10 symbols, but one of those symbols is special and only comes up once every 100 spins. The odds of getting 3 of that symbol are 1/100 X 1/100 X 1/100, or 1/1,000,000. You could theoretically offer a payout of $1 million on that combination and still break even over the long run. Casinos love that kind of action, and so do players.
Another symbol might be programmed to come up half the time, so your chances of hitting that symbol might be as low as ½ X ½ X ½, or 1/6. If that pays out at 2 to 1, the casino still makes a significant profit, but the player feels like she’s winning on a pretty regular basis.
The par sheet determines the odds. Every modern slot machine is designed with a par sheet which specifies the weightings for each stop on the reel, including the blanks. That par sheet makes the odds and the house edge for a slot machine game a known quantity—for the casino. Gambling companies keep these par sheets under wraps, though, so players never really get a clear idea of what the odds, the house edge, or the payback percentage is.
One final term you should understand is “payback percentage”. This is a mathematical prediction of how much money the machine will “pay back” over an infinite number of spins. For example, if a machine is programmed to have a 97% payback, over enough spins, the average should come close to winning $3 out of every $100 put into the machine. Casinos distinguish between the theoretical payback percentage and the actual return on the machine, but you can count on one thing. Slots are immensely profitable for the casinos.