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Sports Betting in Iowa Reaches Record Levels
Consistent Growth Seen In the Hawkeye State
If you were looking for evidence that ably illustrated the ongoing, and increasing, interest in sports betting in the US, then you need only look at the most recent numbers coming out of the state of Iowa.
The Hawkeye State was one of the first to legalize sports betting back in 2019, and the financial windfalls that have followed will have been a pleasant surprise to both the providers of the service and those who collect tax revenue from these efforts.
Iowa online sports betting is big, really big, and goes well beyond what you might expect from the 33rd most populated state in the union. In October, the total sports bets wagered in the state were worth a staggering $280 million. It’s the largest ‘handle’, a term that effectively means the amount wagered and not the revenue generated from those wagers that Iowa has ever experienced.
Iowa has been very progressive when it comes to offering its residents the option of sports betting in the state. They were keen to avoid seeing their residents opt for risky offshore sportsbooks (which are not regulated) as well as looking to avoid seeing their residents simply traveling to neighboring states to place bets.
Efforts to boost revenue have also been aided by the removal of the ‘in-person’ registration process, and that change is perhaps the reason that 89% of the handle came from online activity, where clearly it’s far easier to place a sports bet and enjoy the fall gambit of what sports betting offers. Indeed, the coronavirus pandemic will have only increased that sense of ease; in other words, why would an Iowan look to travel to a physical brick and mortar establishment to place a bet when they can just do so via their desktop or mobile device.
Since Iowa legalized sports betting, those who live in the state have made wagers to the tune of over $2.2 billion, which goes some way to show that the market for sports betting is massive.
New sportsbooks are set to be added to the number available in Iowa and managing editor of PlayIA.com, Russ Mitchell, feels this is just the tip of the sports betting iceberg; “We could probably get another ten sportsbooks, so it would be an incredible number, I think. We already have more sportsbooks than Nevada itself, which is pretty amazing,”
Perhaps the most surprising element surrounding the success of the Iowan sports betting market comes from the fact that the state doesn’t play host to any professional major league sports teams. Just imagine how high those handle numbers would be if they had an NBA or NFL team to back.
When it comes to the health of the overall sports betting market across the US, things look just peachy. 2021, thus far, has generated $44.15 billion in gaming revenue, that’s a combined figure covering sports and casino activity, and that’s already more than was made in 2019 (which was a record year).
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Understanding Slot RTP and Variance: Which Slot Game Is Right for You?
When it comes to playing slots, luck plays a huge role, but there’s more to winning than just spinning the wheels. Checking the variance and RTP of a slot game beforehand can help you find one that matches your style and strategy. Whether you’re a casual player or chasing a jackpot, understanding these factors can improve your experience. For Canadian players looking to try their luck, Tenexcasino.com is a top choice among crypto casino sites, offering a great platform to explore these games.
What is RTP?
RTP or Return to Player shows how much of the money you bet goes back to you over time. It also shows you the “house edge,” or how much of your money goes to the casino over the same period. If a slot has an RTP of 90%, 90 cents of every dollar you bet goes back to you. The remaining 10 cents is the “house edge” or the profit the casino will likely make.
RTP is measured over time and doesn’t tell you what will happen with each spin. But it can tell you which slot games to pick if you want to minimize risk.
What Is Slot Variance?
Variance also shows the risk of playing each slot game. But unlike RTP, it determines how often you can expect to win and the average size of each payout. Will you see small, frequent wins or rare but potentially huge payouts?
Depending on your preference and budget, you can opt for low, medium, or high-variance slots. Low-variance slots offer frequent but smaller payouts, medium-variance slots provide a mix of frequent smaller wins and occasional bigger winnings, and high-variance slots give rare but significant payouts.
What’s the Right Type of Right Slot Game for Me?
Variance and RTP can help you select the slot games that suit your style and the risk you’re
willing to take.
High RTP Slot Games
High RTP games are an ideal choice if you’re on a small budget. They will give you the best chance to build your bankroll and get more from your investment. You should look for games with at least 97% RTP, like Mega Joker (99%), Codex of Fortune (98%), and Starmania (97.87%).
While these games ensure you get more of your money back in the long term, they won’t necessarily help you maintain your bankroll. If that’s what you’re looking for, you should ensure the slots also have low variance.
Low Variance Slots
Low-variance slots are a perfect choice if you’re looking for steady gameplay with minimal risk. They allow you to play longer without large swings in your balance. But it’s not without its thrill.
If you like frequent wins, these games certainly keep the excitement alive. Some of our favorite low-variance games are Starburst, Jack Hammer, and Blood Suckers.
Medium-Variance Slots
These are a sweet spot. Medium-variance slots are perfect if you want steady payouts with the occasional thrill of big wins. They allow you to avoid the risk of high-variance slots while enjoying some of the excitement. Temple of Iris, Wolf Gold, and Golden Winner are great medium-variance slots worth checking out.
High-variance Slots
High-variance games are your best bet if you dream of hitting the jackpot. The risk is undoubtedly high, but you can win a massive payout. However, these slots may not be the best choice for prolonged gaming sessions. They can, however, provide convenient and enjoyable entertainment when traveling or during your lunch breaks.
High variance slots often include progressive jackpots. Some of our favorite high-variance slots include Rome: The Golden Age, Twin Spin Megaways, and Jack in a Pot.
Having a healthy bankroll is necessary here. But even more so, you need patience. You may go through several spins without a win, but the payout can be significant when you do win.
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Games Available at GGBET’S New Online Casino
GGBET has recently launched its new online casino, introducing a refreshing platform for gaming enthusiasts. This new venture promises a wide array of games, catering to multiple tastes and preferences. From the classic slot Legacy of Egypt to table titles and live dealer experiences, GGBET aims to provide a comprehensive gambling experience. In this article, we’ll
explore the various types of games available at the platform, highlighting what makes each category unique. Whether you’re a new or seasoned player, there’s something for everyone!
First Look at GGBET Novel Casino
From your first visit to the site, you can see that the platform was designed with user experience in mind. The sleek, modern interface ensures easy navigation, allowing players to quickly find their favourite titles. It’s fully secure, with a license from the UK Gambling Commission (UKGC). With generous bonuses and promotions to claim after registration, every player can feel welcomed and valued from the moment they join.
Types of Titles on Offer at the Casino
After easing security concerns, the priority for any casino is to offer a portfolio that’ll appeal to multiple player types. GGBET excels in this arena, working with the industry’s best developers to supply a consistent stream of high-quality games. Check out the various categories of titles you’ll find!
Slots
Slots are a staple in any casino, and GGBET supersedes our expectations in this area. It offers an extensive collection of 2,000 slot titles from over 40 reputable providers. Members here can enjoy a variety of themes and gameplay styles, from classic three-reel machines to the latest video slots. Popular titles in this lobby include Legacy of Egypt, Hell Hot 100, and Demi Gods V.
What’s more? Slots here boast innovative in-game mechanics, such as expanding symbols, cascading reels, and multipliers. Each feature adds to the excitement and increases your winning potential. Whether you prefer high-volatility titles with big jackpots or low-volatility options with frequent wins, there are countless titles to explore. The platform also regularly
updates its library with new releases, so there are fresh and exciting games always.
Table Games
These refer to a group of games that involve strategy and pit you against others. The most popular examples are blackjack, roulette, and baccarat, all of which we’ve examined below.
● Blackjack: Are you a casual or high roller? The GGBET collection will suit your style. The thrill of the game lies in the simple decision-making process: hit, stand, double down, or split. Each choice can bring you closer to the coveted 21.
● Roulette: Roulette is a game that builds anticipation as the wheel spins. At GGBET, you can enjoy European and American versions and adjust your stakes according to the odds. We love this title due to the variety of bets you can place, from single numbers to red or black, odd or even.
● Baccarat: This is a simple title where the dealer does all the work, drawing cards according to rules, while you sit back and enjoy the gameplay. Your choices are straightforward: bet on the banker, the player, or a tie. Variants you’ll find at this platform include Bunco Banco, Chemin de Fer, and Speed.
Live Casino
The GGBET live casino section is where the line between reality and virtual blurs. Imagine the thrill of a bustling casino floor, now accessible from your living room. These games aren’t just about playing; they’re about experiencing. With high-definition streaming and multiple camera angles, you get a front-row seat to every shuffle, spin, and deal.
The real magic happens with the live dealers, who are more than just facilitators. They guide you through the whole experience to ensure a seamless affair. Thanks to the live chat, you can share a conversation with them or other players.
In addition to standard categories like roulette, blackjack, and baccarat, GGBET introduces innovative game formats like Crazy Time and Monopoly Live. These titles mix traditional casino elements with game show excitement, keeping you on the edge of your seat.
Everyone Is Welcome at GGBET New Casino
By stocking a diverse cast of games, GGBET escapes the trap many new casinos fall for. The platform ensures that all players can have fun here, notwithstanding their preferences. That, too, while offering a user-friendly interface that enables seamless gaming. Throw in the promotions and an easy sign-up process, and you have one of the most solid new casinos we’ve ever seen.
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