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One way successful online sportsbooks attract new players and keep regular bettors coming back is by offering bonuses. They can be divided into three categories: initial bonuses to bring in new players, recurring bonuses to retain them, and special bonuses to keep things interesting.
Initial Bonuses
Sportsbooks offer a few different one-time bonuses to encourage players to open an account with the bookmaker. These are intended to introduce players to sports betting with less personal risk and provide an incentive to set up an account. Terms and conditions vary from sportsbook to sportsbook.
Welcome Bonus (Percentage)
With a welcome bonus, bookmakers offer bettors a percentage of their initial deposit. For example, if a sportsbook offers a 50% welcome bonus, players will receive $50 for every $100 they deposit.
To prevent player fraud, these welcome bonuses come with terms and conditions. Almost always, one of the terms is a rollover - an amount of money that players must wager before they can withdraw the money from their welcome bonus. For example, a 50% deposit bonus with 5x rollover means that if a player deposits $100, they have $150 to bet with, but can’t withdraw the money until they have wagered $750 ((100+50)x5).
The table below provides some examples of how much players would have to wager in order to withdraw their welcome bonus, assuming an initial deposit of $100.
| 3x rollover | 4x rollover | 5x rollover | 10x rollover | |
|---|---|---|---|---|
| 50% Bonus | $450 | $600 | $750 | $1500 |
| 75% Bonus | $525 | $700 | $875 | $1750 |
| 100% Bonus | $600 | $800 | $1000 | $2000 |
Welcome Bonus (Cash)
Some welcome bonuses come in the form of a fixed amount of cash when players make their first deposit, instead of a percentage of the player’s deposit.
No-Deposit Bonus
With a no-deposit bonus, sportsbooks offer players an amount of money to bet with as a reward for signing up. These usually come with stricter terms and conditions than bonuses that require deposits. For example, players might be required to use their bonus to place a bet the same day they open the account.
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Free Bet
With a free bet, sportsbooks offer new punters an amount of money to place a bet with. If the player wins, they keep the winnings, and if they lose, they effectively lose nothing.
These two events, which both happened in 2003, encouraged many players to begin to play poker online. Free texas holdem poker games. Another factor in poker’s rise to mainstream popularity, was the invention of ‘hole card cameras’ which allowed the television broadcast to show viewers the cards that each player held during the tournament. However, the game has been around for a lot longer than that.
Matched Bet
With a matched bet bonus, bookmakers double the player’s bet by matching their stake. For example, if a player places a $20 bet, the bookmaker adds another $20 on their behalf, making the total wager $40.
No-Lose Bet
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With a no-lose bet, the punter’s stake is returned to them in the event of a loss.
Recurring Bonuses
In addition to bonuses that encourage players to start betting on sports, bookmakers offer bonuses that reward players’ loyalty.
Reload Bonus
With a reload bonus, players receive an additional percentage of their deposit. For example, a player who makes a deposit of $100 with a 5% reload bonus will find $105 in their account.
Loyalty Programs
Some sportsbooks reward regular players with loyalty programs. Often, players accumulate points based on the amount they wager, the amount they lose, or how frequently they bet. Players can earn prizes, cashback, enhanced odds, and free bets.
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High Roller Bonus
Just like how brick-and-mortar casinos offer high rollers VIP treatment, some sportsbooks provide high rollers with a bonus for making a large deposit. For example, a sportsbook might offer a 50% bonus on deposits of $1000 or more, turning a $2000 deposit into $3000.
Cashback/Percentage Loss Bonus
When a punter hits a cold streak, their sportsbook might offer a cashback/percentage loss bonus to keep them from getting discouraged. These bonuses return a percentage of the initial stake to the punter in the case of a loss.
Special Bonuses
Sometimes bookmakers offer bonuses related to special events.
Special Promotional Bonuses
Bookmakers might offer a special deposit bonus related to a large event, like the Grand National or the World Cub. If a bettor makes a deposit into their account during the promotion, they are given a certain amount to bet on the World Cup.
Event-Specific Bonuses
Bookmakers sometimes offer free bets, no-lose bets, or enhanced odds (also knowns as reduced juice) on specific events. For example, if the odds for a match would typically be -110, the sportsbook might offer -105 instead.
Most forms of gambling in Japan are generally banned by the Criminal Code chapter 23;[1] however, there are several exceptions, including betting on horse racing and certain motor sports.[2]
Public sports, lottery, and toto (football pools) are held under special laws in order to increase the income of national and local governments, as well as to offer a form of entertainment for many people.
Public sports[edit]
Kōei kyōgi (公営競技, public sports) are public races that people in Japan can gamble on legally. There are four different types of kōei kyōgi: horse racing, bicycle racing, powerboat racing, and asphalt speedwaymotorcycle racing. They are allowed by special laws and are regulated by local governments or governmental corporations.
The prize pool for the gamblers of these races are about 75-80% of total sales. Betting tickets are available at countless circuits and ticket booths within many cities, namely Tokyo, Osaka, Yokohama, and Nagoya.
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Lottery[edit]
Takarakuji (宝くじ), i.e., lotteries, are held by prefectures or large cities on a regular basis all throughout the calendar year.
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There are three main types of lotteries: unique number lotteries, selected number lotteries, and scratch cards. Each lottery ticket is sold at 100 to 500 yen, and the top cash prizes are usually 100 million yen or more.
The takarakuji law stipulates that the entire prize pool for any given lottery is to be less than 50% of total sales, with the rest going to local government organizations and charities. Takarakuji tickets are available at takarakuji booth and stores in many cities. Tickets for selected number lotteries can be also bought at some ATMs.
Pachinko[edit]
Pachinko is a pinball-like slot machine game. It is officially not considered gambling because Japanese laws regard pachinko as an exception to the criminal code on gambling for historical, monetary, and cultural reasons. Pachinko parlours can be found all over Japan, and they are operated by private companies. As of 2011, there are about 12,480 pachinko parlors in Japan.[3]
In pachinko, when a player's ball makes it into a special hole to activate the slot machine and a jackpot is made, they are rewarded with more balls. Players can then exchange the balls for prizes of different value at a booth in the parlour. Money cannot be awarded at pachinko parlors as this would be in violation of the criminal code. However, players almost always exchange pachinko balls for special tokens, usually slips of gold encased in plastic, and then 'sell' them at a neighboring shop for cash. Usually such shops are also owned by the parlor operators, but as long as the winners do not receive cash in the parlour, the law is not broken.[4]
Illegal gambling[edit]
Yakuza are known to operate illegal casinos in Japan. In addition to traditional casino games, Mahjong can be played for money and many mahjong parlors have ties with the Yakuza to assist collecting debt from players who default.
Another illegal gambling opportunity is offered by mobile gambling sites. At these sites, Japanese gamblers can play rock-paper-scissors and win cash prizes. In 2010, the owner of one of these sites was arrested and confessed to earning over $1 million. The players purchased betting tickets for ¥315. They could win ¥1,000 if they won three times in a row while ¥10,000 was the prize for those who won five times in a row.[5]
Casinos[edit]
There were movements within the Liberal Democratic Party (LDP) government to open casinos to boost tourism in Japan.[6] Operating casinos remains illegal in Japan, and recent sports betting on baseball by sumo wrestlers has caused a scandal.[2]
On April 4, 2011, Shintaro Ishihara, the previous Tokyo Governor, spoke against the pachinko parlours, arguing that the popular game together with vending machines eat up about 1000 kWh.[clarification needed] He said that following the consequences the earthquake of March 11, 2011, the government asked people to reduce energy consumption, but asking wasn't enough and the government order was not enacted.[7]In 2016, the Parliament voted to approve the said law that will eventually alter the gambling industry in Japan.[7][8]
At the same time, Ishihara has been pushing the legalization of casinos for quite a while. In 2000, he proposed building casinos in Odaiba, but despite the high public interest, the idea wasn't totally approved. One of the arguments was that the Japanese being not used to gambling would be too prone to addiction.[9] Another possibility for the development of the casino industry in Japan is the creation of floating casinos. The idea of boat gambling is also actively supported by Ishihara.[10]
Casino legislation in Japan has picked up fresh momentum with lawmakers preparing to submit the Integrated Resort (IR) Enabling Act to the Diet.[11]
In July 2018, Japanese lawmakers approved a bill that officially allows casinos in the country. Three casinos in the form of integrated resorts will be established in different locations. The IRs will come with restrictions and Japanese locals will only be able to visit the casinos three times per week, or ten times a month. Japanese visitors will also be charged a 6,000 yen entrance fee to help discourage addiction.[12]
Osaka was the first to launch the “Request For Proposal” (RFP) process following which it also got successful submissions and subsequently announced the names of the gambling operators seeking a casino licensef.The five companies who applied for an Osaka casino license are Las Vegas Sands, Wynn Resorts, MGM Resorts, Melco Resorts, and Genting Singapore. Osaka confirmed their participation. Names of two gambling operators were not revealed as they had requested anonymity.
According to new developments, the Japanese government has announced that the Casino Administration Committee will be established on January 7th, 2020.
See also[edit]
References[edit]
- ^(in English)Criminal Code of Japan PDF
- ^ ab'Japan's sumo supremo replaced'. AFP. Aug 12, 2010. Retrieved 5 September 2010.
- ^Gov. sparks pachinko bashing
- ^Playing Pachinko: How Illegal Gambling Is Legal in Japan
- ^'Gambling in Japan: Gambling in Japan: Bicycles, Boats and Horse Racing'. Archived from the original on 2011-02-02. Retrieved 2011-11-08.
- ^LDPdiscussion about casinos in 2006Archived 2008-01-09 at the Wayback Machine
- ^ ab'Top Gambling players from Japan'. Retrieved 2013-05-09.
- ^Tokyo Governor Takes Aim at Vending Machines, Pachinko
- ^Viva Odaiba! Ishihara dreams of casinos in the bay
- ^'Racism in Japan: Racism as a Business Defence'. Archived from the original on 2013-01-03. Retrieved 2011-11-08.
- ^[1]
- ^'Japan's Diet approves opening of casino resorts despite opposition'. The Mainichi. July 20, 2018. Retrieved July 23, 2018.