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Hi guys,
I have been using reddit for years in my personal life (not trading!) and wanted to give something back in an area where i am an expert.
I worked at an investment bank for seven years and joined them as a graduate FX trader so have lots of professional experience, by which i mean I was trained and paid by a big institution to trade on their behalf. This is very different to being a full-time home trader, although that is not to discredit those guys, who can accumulate a good amount of experience/wisdom through self learning.
When I get time I'm going to write a mid-length posts on each topic for you guys along the lines of how i was trained. I guess there would be 15-20 topics in total so about 50-60 posts. Feel free to comment or ask questions.
The first topic is Risk Management and we'll cover it in three parts
Part I

• Why it matters
• Position sizing
• Kelly
• Using stops sensibly
• Picking a clear level

Why it matters

The first rule of making money through trading is to ensure you do not lose money. Look at any serious hedge fund’s website and they’ll talk about their first priority being “preservation of investor capital.”
You have to keep it before you grow it.
Strangely, if you look at retail trading websites, for every one article on risk management there are probably fifty on trade selection. This is completely the wrong way around.
The great news is that this stuff is pretty simple and process-driven. Anyone can learn and follow best practices.
Seriously, avoiding mistakes is one of the most important things: there's not some holy grail system for finding winning trades, rather a routine and fairly boring set of processes that ensure that you are profitable, despite having plenty of losing trades alongside the winners.

Capital and position sizing

The first thing you have to know is how much capital you are working with. Let’s say you have $100,000 deposited. This is your maximum trading capital. Your trading capital is not the leveraged amount. It is the amount of money you have deposited and can withdraw or lose.
Position sizing is what ensures that a losing streak does not take you out of the market.
A rule of thumb is that one should risk no more than 2% of one’s account balance on an individual trade and no more than 8% of one’s account balance on a specific theme. We’ll look at why that’s a rule of thumb later. For now let’s just accept those numbers and look at examples.
So we have $100,000 in our account. And we wish to buy EURUSD. We should therefore not be risking more than 2% which $2,000.
We look at a technical chart and decide to leave a stop below the monthly low, which is 55 pips below market. We’ll come back to this in a bit. So what should our position size be?
We go to the calculator page, select Position Size and enter our details. There are many such calculators online - just google "Pip calculator".
​
https://preview.redd.it/y38zb666e5h51.jpg?width=1200&format=pjpg&auto=webp&s=26e4fe569dc5c1f43ce4c746230c49b138691d14
So the appropriate size is a buy position of 363,636 EURUSD. If it reaches our stop level we know we’ll lose precisely $2,000 or 2% of our capital.
You should be using this calculator (or something similar) on every single trade so that you know your risk.
Now imagine that we have similar bets on EURJPY and EURGBP, which have also broken above moving averages. Clearly this EUR-momentum is a theme. If it works all three bets are likely to pay off. But if it goes wrong we are likely to lose on all three at once. We are going to look at this concept of correlation in more detail later.
The total amount of risk in our portfolio - if all of the trades on this EUR-momentum theme were to hit their stops - should not exceed $8,000 or 8% of total capital. This allows us to go big on themes we like without going bust when the theme does not work.
As we’ll see later, many traders only win on 40-60% of trades. So you have to accept losing trades will be common and ensure you size trades so they cannot ruin you.
Similarly, like poker players, we should risk more on trades we feel confident about and less on trades that seem less compelling. However, this should always be subject to overall position sizing constraints.
For example before you put on each trade you might rate the strength of your conviction in the trade and allocate a position size accordingly:
​
https://preview.redd.it/q2ea6rgae5h51.png?width=1200&format=png&auto=webp&s=4332cb8d0bbbc3d8db972c1f28e8189105393e5b
To keep yourself disciplined you should try to ensure that no more than one in twenty trades are graded exceptional and allocated 5% of account balance risk. It really should be a rare moment when all the stars align for you.
Notice that the nice thing about dealing in percentages is that it scales. Say you start out with $100,000 but end the year up 50% at $150,000. Now a 1% bet will risk $1,500 rather than $1,000. That makes sense as your capital has grown.
It is extremely common for retail accounts to blow-up by making only 4-5 losing trades because they are leveraged at 50:1 and have taken on far too large a position, relative to their account balance.
Consider that GBPUSD tends to move 1% each day. If you have an account balance of $10k then it would be crazy to take a position of $500k (50:1 leveraged). A 1% move on $500k is $5k.
Two perfectly regular down days in a row — or a single day’s move of 2% — and you will receive a margin call from the broker, have the account closed out, and have lost all your money.
Do not let this happen to you. Use position sizing discipline to protect yourself.
​

Kelly Criterion

If you’re wondering - why “about 2%” per trade? - that’s a fair question. Why not 0.5% or 10% or any other number?
The Kelly Criterion is a formula that was adapted for use in casinos. If you know the odds of winning and the expected pay-off, it tells you how much you should bet in each round.
This is harder than it sounds. Let’s say you could bet on a weighted coin flip, where it lands on heads 60% of the time and tails 40% of the time. The payout is $2 per $1 bet.
Well, absolutely you should bet. The odds are in your favour. But if you have, say, $100 it is less obvious how much you should bet to avoid ruin.
Say you bet $50, the odds that it could land on tails twice in a row are 16%. You could easily be out after the first two flips.
Equally, betting $1 is not going to maximise your advantage. The odds are 60/40 in your favour so only betting $1 is likely too conservative. The Kelly Criterion is a formula that produces the long-run optimal bet size, given the odds.
Applying the formula to forex trading looks like this:
Position size % = Winning trade % - ( (1- Winning trade %) / Risk-reward ratio
If you have recorded hundreds of trades in your journal - see next chapter - you can calculate what this outputs for you specifically.
If you don't have hundreds of trades then let’s assume some realistic defaults of Winning trade % being 30% and Risk-reward ratio being 3. The 3 implies your TP is 3x the distance of your stop from entry e.g. 300 pips take profit and 100 pips stop loss.
So that’s 0.3 - (1 - 0.3) / 3 = 6.6%.
Hold on a second. 6.6% of your account probably feels like a LOT to risk per trade.This is the main observation people have on Kelly: whilst it may optimise the long-run results it doesn’t take into account the pain of drawdowns. It is better thought of as the rational maximum limit. You needn’t go right up to the limit!
With a 30% winning trade ratio, the odds of you losing on four trades in a row is nearly one in four. That would result in a drawdown of nearly a quarter of your starting account balance. Could you really stomach that and put on the fifth trade, cool as ice? Most of us could not.
Accordingly people tend to reduce the bet size. For example, let’s say you know you would feel emotionally affected by losing 25% of your account.
Well, the simplest way is to divide the Kelly output by four. You have effectively hidden 75% of your account balance from Kelly and it is now optimised to avoid a total wipeout of just the 25% it can see.
This gives 6.6% / 4 = 1.65%. Of course different trading approaches and different risk appetites will provide different optimal bet sizes but as a rule of thumb something between 1-2% is appropriate for the style and risk appetite of most retail traders.
Incidentally be very wary of systems or traders who claim high winning trade % like 80%. Invariably these don’t pass a basic sense-check:

• How many live trades have you done? Often they’ll have done only a handful of real trades and the rest are simulated backtests, which are overfitted. The model will soon die.
• What is your risk-reward ratio on each trade? If you have a take profit $3 away and a stop loss $100 away, of course most trades will be winners. You will not be making money, however! In general most traders should trade smaller position sizes and less frequently than they do. If you are going to bias one way or the other, far better to start off too small.

How to use stop losses sensibly

Stop losses have a bad reputation amongst the retail community but are absolutely essential to risk management. No serious discretionary trader can operate without them.
A stop loss is a resting order, left with the broker, to automatically close your position if it reaches a certain price. For a recap on the various order types visit this chapter.
The valid concern with stop losses is that disreputable brokers look for a concentration of stops and then, when the market is close, whipsaw the price through the stop levels so that the clients ‘stop out’ and sell to the broker at a low rate before the market naturally comes back higher. This is referred to as ‘stop hunting’.
This would be extremely immoral behaviour and the way to guard against it is to use a highly reputable top-tier broker in a well regulated region such as the UK.
Why are stop losses so important? Well, there is no other way to manage risk with certainty.
You should always have a pre-determined stop loss before you put on a trade. Not having one is a recipe for disaster: you will find yourself emotionally attached to the trade as it goes against you and it will be extremely hard to cut the loss. This is a well known behavioural bias that we’ll explore in a later chapter.
Learning to take a loss and move on rationally is a key lesson for new traders.
A common mistake is to think of the market as a personal nemesis. The market, of course, is totally impersonal; it doesn’t care whether you make money or not.
Bruce Kovner, founder of the hedge fund Caxton Associates
There is an old saying amongst bank traders which is “losers average losers”.
It is tempting, having bought EURUSD and seeing it go lower, to buy more. Your average price will improve if you keep buying as it goes lower. If it was cheap before it must be a bargain now, right? Wrong.
Where does that end? Always have a pre-determined cut-off point which limits your risk. A level where you know the reason for the trade was proved ‘wrong’ ... and stick to it strictly. If you trade using discretion, use stops.

Picking a clear level

Where you leave your stop loss is key.
Typically traders will leave them at big technical levels such as recent highs or lows. For example if EURUSD is trading at 1.1250 and the recent month’s low is 1.1205 then leaving it just below at 1.1200 seems sensible.
​
If you were going long, just below the double bottom support zone seems like a sensible area to leave a stop
You want to give it a bit of breathing room as we know support zones often get challenged before the price rallies. This is because lots of traders identify the same zones. You won’t be the only one selling around 1.1200.
The “weak hands” who leave their sell stop order at exactly the level are likely to get taken out as the market tests the support. Those who leave it ten or fifteen pips below the level have more breathing room and will survive a quick test of the level before a resumed run-up.
Your timeframe and trading style clearly play a part. Here’s a candlestick chart (one candle is one day) for GBPUSD.
​
https://preview.redd.it/moyngdy4f5h51.png?width=1200&format=png&auto=webp&s=91af88da00dd3a09e202880d8029b0ddf04fb802
If you are putting on a trend-following trade you expect to hold for weeks then you need to have a stop loss that can withstand the daily noise. Look at the downtrend on the chart. There were plenty of days in which the price rallied 60 pips or more during the wider downtrend.
So having a really tight stop of, say, 25 pips that gets chopped up in noisy short-term moves is not going to work for this kind of trade. You need to use a wider stop and take a smaller position size, determined by the stop level.
There are several tools you can use to help you estimate what is a safe distance and we’ll look at those in the next section.
There are of course exceptions. For example, if you are doing range-break style trading you might have a really tight stop, set just below the previous range high.
​
https://preview.redd.it/ygy0tko7f5h51.png?width=1200&format=png&auto=webp&s=34af49da61c911befdc0db26af66f6c313556c81
Clearly then where you set stops will depend on your trading style as well as your holding horizons and the volatility of each instrument.
Here are some guidelines that can help:

1. Use technical analysis to pick important levels (support, resistance, previous high/lows, moving averages etc.) as these provide clear exit and entry points on a trade.
2. Ensure that the stop gives your trade enough room to breathe and reflects your timeframe and typical volatility of each pair. See next section.
3. Always pick your stop level first. Then use a calculator to determine the appropriate lot size for the position, based on the % of your account balance you wish to risk on the trade.

So far we have talked about price-based stops. There is another sort which is more of a fundamental stop, used alongside - not instead of - price stops. If either breaks you’re out.
For example if you stop understanding why a product is going up or down and your fundamental thesis has been confirmed wrong, get out. For example, if you are long because you think the central bank is turning hawkish and AUDUSD is going to play catch up with rates … then you hear dovish noises from the central bank and the bond yields retrace lower and back in line with the currency - close your AUDUSD position. You already know your thesis was wrong. No need to give away more money to the market.

Coming up in part II

EDIT: part II here
Letting stops breathe
When to change a stop
Entering and exiting winning positions
Risk:reward ratios
Risk-adjusted returns

Coming up in part III

Squeezes and other risks
Market positioning
Bet correlation
Crap trades, timeouts and monthly limits
​
***
Disclaimer:This content is not investment advice and you should not place any reliance on it. The views expressed are the author's own and should not be attributed to any other person, including their employer.

History of Keno
The game of Keno has a history that goes back to the Han Dynasty in China, where a version very similar to the one we see today was played.
When we talk about the audience playing Keno including construction workers from the Great Wall of China, you can get an idea of ​​how old this game is. (For those of you who don't know much about Chinese history, we're talking about 3,000 years ago.)
This ancient lottery game was played for centuries in China before reaching the Western world, as Chinese immigrants brought it to the United States in the mid-1800s.
Of course, the Chinese version used Chinese characters, while the American version simply changed them to numbers and reduced the number of characters from 120 to 80.
​
https://preview.redd.it/5t593slid4b61.jpg?width=800&format=pjpg&auto=webp&s=71f72bcb8c9055e2148a3ac9ff34118ac56fddeb
How to play
The rules of Keno couldn't be simpler. When you log into your account and select the version of Keno you want to play, you will see a grid of numbers ranging from 1 to 80. The player must select between 2 and 10 numbers (in the standard version of the game) that can be randomly selected if you prefer it that way.
Once the numbers are selected, 20 numbers will appear and you can win if enough of them match your numbers. For example, if you choose 10 numbers, you will need 5 of them to match and you will get 5 times your bet.
Payouts vary between sites, which also affects your chances of winning, as well as the optimal strategy for players. Some versions of Keno allow you to choose up to 15 numbers, which adds an extra to the gaming experience.
Strategy for playing Keno
This game is very simple, so there are really only two factors that will really influence your chances of winning, and we don't mean using your neighbor's cat birthday as a lucky number, the two things that will affect your chances of winning. these are:
Mainly, you should choose wisely which version of the game you will play. To give you an example, if you select 2 numbers and they both appear among the 20 numbers; some casinos will pay you 7 times your bet, while others will pay you 9 times the same. This difference is quite substantial.
If you have accounts in more than one casino, check the rules of the Keno games in all of them to know which payouts are better, or if the payouts do not appear in the rules; use practice games to figure it out for yourself.
Second, you should examine the returns offered by each selection of numbers, because this percentage will vary depending on the option you choose (not massively, but enough to make a difference). To clarify: this percentage is the amount you would expect to gain after a certain amount of time playing a game.
For example, large online casinos in the US, UK offers a version of Keno in which the returns vary by almost one percentage point depending on the number of numbers you choose.
If you select 9 numbers, the percentage will be 92%, while if you choose 3 numbers the percentage rises to 92.96%, which makes it a better option, statistically speaking.
Summary
To give you an idea of ​​how online games compare, an average slot machine has a 95% return percentage and a blackjack game can even go as high as 99% if you play with an optimal strategy. There is really no optimal strategy for playing Keno, as at the end of the day it is a game where the numbers appear randomly and there is no way to predict what they will be.
In short, Keno is not a game to be played in hopes of making a fortune. It is an enjoyable game of chance and should be played for fun rather than finances, so don't spend money that you can't lose. Keno is quite an entertaining game, so what we can do is wish you the best of luck when you play.

​
https://preview.redd.it/5x48mm05xm761.jpg?width=512&format=pjpg&auto=webp&s=67c2d3b108676b357a7618b4ef6cad8d6de980f5
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History of Keno
The game of Keno has a history that goes back to the Han Dynasty in China, where a version very similar to the one we see today was played.
When we talk about the audience playing Keno including construction workers from the Great Wall of China, you can get an idea of ​​how old this game is. (For those of you who don't know much about Chinese history, we're talking about 3,000 years ago.)
This ancient lottery game was played for centuries in China before reaching the Western world, as Chinese immigrants brought it to the United States in the mid-1800s.
Of course, the Chinese version used Chinese characters, while the American version simply changed them to numbers and reduced the number of characters from 120 to 80.
https://preview.redd.it/91b2q3fwbc561.jpg?width=800&format=pjpg&auto=webp&s=79d5ecde45d0f189a5091bf5bcca4b4d6ebf2244
How to play
The rules of Keno couldn't be simpler. When you log into your account and select the version of Keno you want to play, you will see a grid of numbers ranging from 1 to 80. The player must select between 2 and 10 numbers (in the standard version of the game) that can be randomly selected if you prefer it that way.
Once the numbers are selected, 20 numbers will appear and you can win if enough of them match your numbers. For example, if you choose 10 numbers, you will need 5 of them to match and you will get 5 times your bet.
Payouts vary between sites, which also affects your chances of winning, as well as the optimal strategy for players. Some versions of Keno allow you to choose up to 15 numbers, which adds an extra to the gaming experience.
Strategy for playing Keno
This game is very simple, so there are really only two factors that will really influence your chances of winning, and we don't mean using your neighbor's cat birthday as a lucky number, the two things that will affect your chances of winning. these are:
Mainly, you should choose wisely which version of the game you will play. To give you an example, if you select 2 numbers and they both appear among the 20 numbers; some casinos will pay you 7 times your bet, while others will pay you 9 times the same. This difference is quite substantial.
If you have accounts in more than one casino, check the rules of the Keno games in all of them to know which payouts are better, or if the payouts do not appear in the rules; use practice games to figure it out for yourself.
Second, you should examine the returns offered by each selection of numbers, because this percentage will vary depending on the option you choose (not massively, but enough to make a difference). To clarify: this percentage is the amount you would expect to gain after a certain amount of time playing a game.
For example, large online casinos in the US, UK offers a version of Keno in which the returns vary by almost one percentage point depending on the number of numbers you choose.
If you select 9 numbers, the percentage will be 92%, while if you choose 3 numbers the percentage rises to 92.96%, which makes it a better option, statistically speaking.
Summary
To give you an idea of ​​how online games compare, an average slot machine has a 95% return percentage and a blackjack game can even go as high as 99% if you play with an optimal strategy. There is really no optimal strategy for playing Keno, as at the end of the day it is a game where the numbers appear randomly and there is no way to predict what they will be.
In short, Keno is not a game to be played in hopes of making a fortune. It is an enjoyable game of chance and should be played for fun rather than finances, so don't spend money that you can't lose. Keno is quite an entertaining game, so what we can do is wish you the best of luck when you play.

​
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If you ever need assistance at bCasino, the customer service team will be happy to help. This is one of the key points that we aim to make in our bCasino review as we know that it is important to players. bCasino does not have a section specifically for FAQs but the terms and conditions section is extensive and gives most of the important information.
Luckily, the bCasino team are on hand to discuss any issues using the live chat feature on the site. This is typically open 24/7 but sometimes will close if they are not available. In this case, the team can also be contacted by email and will get back to players as soon as possible. We often see live chat at many of the best online casinos so it comes as no surprise that bCasino offers this.

Our Summary of bCasino

As you can probably tell from our review of bCasino, our experts found this site to be a lot of fun. The strong focus on promotions and the 3-part welcome offer certainly got our attention from the start. This site has decided to focus on all aspects of online casino games, and we found this to be exciting.
New players are in for a treat at this site with the latest games being added all of the time. Our bCasino review shows that this site is perfect for those who are both experienced casino players and those who are new to this world. Sign up today, make your first deposit and start reaping in those rewards.
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CasinoLuck Free Bonus and Review
Claim 20 gratis spins bonus at CasinoLuck! This exclusive promotion is available for new players after registration. Use your free spins on Book of Dead or Starburst slots. In addition, get 100% bonus and 150 free spins on first deposit! No bonus code needed.
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About CasinoLuck Online

CasinoLuck is among the pioneers in the online gambling industry as it emerged on the web over 15 years ago, in 1999. A lot has changed since its inception. At the beginning of 2011 it went through a dramatic transformation and its design and layout were remodeled. The gaming provider also changed its management and established a successful partnership with software developer NetEnt, among others, that continues to this very day.
The casino operator has vast experience in an ever-growing industry where competition is fierce and grows with each passing year. Despite that, it has managed to successfully stand its ground and has become a force to be reckoned with as it is home to one of the most diverse catalogs in the history of online gaming. Its collection comprises hundreds of virtual slots, numerous table and card games and plentiful video poker variations. Players can also join the professional dealers in the Live Casino, where games are live-streamed in the highest of quality.
Unparalleled diversity is by no means the only advantage the casino hides ups its sleeve. The gaming operator is focused on providing its players with first-rate customer support around the clock. Registered members can greatly extend their gameplay by claiming one of the many bonuses available or participating in various ongoing promotional offers.
As the casino is home to an ever-growing, diverse community of players, it caters to their needs and accepts an impressive number of currencies. In addition, the website is available in many different languages, while players can fund their accounts using some of the best and safest methods of payment. With so many perks, there is nothing left to be desired.

In Partnership with NetEnt

The online domain aims at providing its customers with high-quality gaming experience. An efficient way to achieve such a goal is by teaming up with an established and experienced software provider. This is exactly what it did in 2011 when it joined forces with software giant NetEnt.
Founded in 1996, the Swedish software developer quickly secured its strong position in the market, providing first-rate games for dozens of renowned web-based casinos. NetEnt offers hundreds of online casino games ranging from card and table classics like blackjack and roulette to slots, video poker, and arcades. The developer also supplies its partners with quality live dealer and mobile games. Each product delivered stands out with unparalleled graphics design, compelling audio effects, hassle-free gameplay and easy to navigate interface.
Its partnership with EveryMatrix, a company which provides a unified platform, allows players to choose from games developed by different software providers. Thus, members of the casino can opt for various games, powered by other notable names in the industry like Microgaming, Play'n Go, NYX and IGT, among others. The different providers' games are seamlessly integrated within the online casino's lobby. Thus, it has included some of the most enticing offerings from all popular developers' portfolios which furthers players' flexibility.
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CasinoLuck Gaming Collection

The games offered by this casino exceed 600 in number. Its user-friendly layout and the search tool available at the website, allow players to quickly navigate through the catalog and find whatever they're looking for in a matter of seconds. It matters not what games you prefer to play, the myriad of options to choose from ensures that all types of players will find something to suit their style, preferences and budget.

Slots

There are over 500 virtual slots variations available at the casino. If you are a fan of traditional 3-reels, you can try out over 30 variants of those at the casino including all-time favorites like Double Diamond, Break the Bank, and the classic title, Bell of Fortune.
Many players prefer more advanced video slots as these come with a number of cool features like multipliers, wild and scatter symbols, free spins and bonus rounds, designed to increase one's chances of collecting a nice prize. Besides, with so many options to choose from, you will hardly get bored. Slot fans tend to favor titles like Microgaming's Immortal Romance with its improved payouts, NetEnt's hilarious rendition of South Park, Starburst and Jack Hammer and Play'n'Go's Wild North.

Video Poker

The casino is also home to six video poker variations, all of which are courtesy of NetEnt. These are an excellent option for inexperienced players, who lack the skills to play actual poker as they pose as a combination of virtual slots and the traditional game of skill. Thus, the video poker variants available at the casino are easier to play, not to mention they pay out well with an average player return of about 98%. You can play the games with 1, 5, 20, 50 or 100 hands at a time. Also, players are enabled to choose between different denominations, in accordance with their budget.
The six video poker variants on offer are as follows – two variants of Jacks or Better, two more of Deuces Wild, Joker Poker, All American Poker, and long-time favorite, Joker Wild.

Blackjack

As blackjack is, without a doubt, one of the most popular card games of all times, the casino has complied with the needs of the game's fans and has included five top-notch variants on its list. These include Double Exposure, Single Deck, Classic Blackjack and Pontoon. There's the option to play the Multi-Hand version of the game, where bet limits range between $1 and $100 and six decks of cards are used.

Baccarat

The gaming provider demonstrates a good deal of consideration for the fans of the sophisticated card game that is baccarat. Although baccarat originally enjoyed greater popularity among the elite, today players from all walks of life can engage in it as it is available online and its objective is easy to grasp. Players are simply expected to predict whose cards total will be higher without exceeding the number nine – theirs or the dealers. Bets can be placed on a tie as well.
Those, who join this particular online domain will be greatly pleased by the two variants of the game available, Mini Baccarat and Punto Banco, which is predominantly based on chance. Both options attract attention with their sleek design that comes close to what one expects to see at a baccarat table in an actual land-based casino. Punto Banco, in particular, is available in Low Limit too, an option suitable for those who are new to the game.

Roulette

The Table Games collection here is geared to the needs of roulette fans as they can make a pick between eleven variants of their favorite game of chance. Of course, popular versions like American, European, English and French Roulette made it to the list, but there is the option to play 3-Wheel Roulette as well. The Triple Bonus Spin Roulette, on the other hand, is suitable for both high-rollers and novices, who like to play it safe as bets range between $1 and $500 per spin. The game's bonus features will further tip the scales in players' favor.

Poker

Fans of the demanding game of skill are presented with the opportunity to play Casino Hold 'em, Red Dog, Casino Stud, Oasis Poker, and player favorite, Texas Hold 'em. The latter is of special interest as its average return to players is estimated at 99,27% and can prove to be quite profitable. But which poker variant you opt for is practically irrelevant as each of the options is unmatched in terms of authenticity and gameplay. NetEnt's poker variations also allow for adjustment of the game's speed.

Arcades

Some players are simply not interested in slots, video poker, and table games. If you are one of them, you should definitely consider paying a visit to the site's “Other Games” section. Sure, we've seen greater versatility as the category comprises of eight options only. Despite that these are well worth your while as their quality is tough to match. Some of the most popular arcade games are present on the list, including two variants of Keno, Super Bonus Bingo, Pharaoh's Gems, Germinator and Enchanted Woods.

Live Casino

Tired of playing against a machine? If so, the simplest solution to this problem is dropping by at the gaming operator's Live Casino where you can compete against the expertly-trained dealers in real-time. As the croupiers are all exceptionally personable, players should not hesitate to ask for help, if any aspects of the games are unclear to them.
Speaking of games, those who visit the Live Casino can choose between Baccarat, Three Card Poker, Roulette Dragonara, Immersive and European Roulette as well as several variations of Blackjack. As you can see, some of the titles are unique to this particular online casino and are not available at other gaming providers. Each game is live-streamed in the highest of quality which makes for the ultimate gaming session right from the comfort of your own home. Most of the options are available 24/7.
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Supported Devices

CasinoLuck may be among the oldest web-based gaming providers in the world, but manages to keep up with the latest trends in the industry. Players, who open an account at the casino will be able to enjoy their favorite games from the comfort of their surroundings, regardless of place and time. This way, you will never miss out on your opportunity to scoop a massive jackpot.
Unlike other gaming operators, the games collection here is available only in Instant Play. This by no means can be deemed a disadvantage. On the contrary, this is the perfect option for players, who wish to access the casino and enjoy the games from different desktop devices. As no software download of any kind is required you won't have to waste disk space, either. However, a stable internet connection is a necessary requirement for a smooth gaming session and so is installing Java Script and the Adobe Flash plug-in on your device.
It matters not what type of browser players use as the casino is accessible via all of them, Google Chrome, Mozilla Firefox, Opera, Safari and Internet Explorer. The site is compatible with all widespread operating systems, so whether your computer runs on Windows, Linux or Mac is of no importance.
Players, who register at this casino will be able to enjoy the games while on the move as the casino is mobile-responsive. There is no need to download and install any applications on your portable device as no downloadable apps are currently available for this particular online casinos. To play on the go, you simply need to enter the casino's address in your smartphone or tablet's browser and you will be automatically redirected to the mobile version of the website. You can also scan the available QR code to the same effect. For further convenience, players can easily add the website to the Home Screen of their portable device and access it with a single tap.
The mobile catalog is just as diverse as the desktop version of this domain. There are still hundreds of slots to choose from, though some of the games failed to make the list. For instance, there is only one video poker variant, which is Bonus Deuces Wild. The number of arcades is limited to two options, namely Keno and Triple Chance Hi Lo. Still, the mobile portfolio boasts a considerable versatility that is rarely found at most casinos.
The mobile casino is optimized for a wide variety of devices running on the iOS and Android, including iPhones, iPads, iPods, Samsung Galaxy, Nexus tablets and smartphones, Motorola and Sony Xperia, among others. The minimum system requirements for Apple and Android devices are as follows – iOS 6 and Android 4.1.
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CasinoLuck Bonuses and Promotions

This online casino demonstrates its appreciation for both new and existing members by rewarding them with a myriad of bonuses. A great number of giveaways and ongoing promotional offers are available as well. And certainly, we all know there is no better way to start a gaming session than playing with some bonus casino chips.
Players, who open an account can benefit from its fantastic Welcome Package as long as they make an initial deposit of $10 or the equivalent in their currency of choice. Here is what the Package consists of. To begin with, your first deposit will earn you a 100% bonus match of up to $150 and 200 Extra Spins on the Starburst slot. Sounds good, doesn't it? And it does not end here as players' second deposits of $20 or more will be matched at 50% with up to $200 to play with for free. Certain playthrough conditions are attached to the Welcome Bonuses, however. Players will be able to withdraw the winnings they've accrued with the free funds only after they have wagered the deposit and bonus amount 20 times or more. The Extra Spins are also subject to wagering requirements of 30 times.
Existing players can extend their gameplay as each month there is a special 50% Reload Bonus of up to $200. Have in mind your stakes with this bonus should be limited to $10 per game round until you fulfill the playthrough requirements, which in this instance are 13 times the deposit and bonus amount. If you happen to place a wager exceeding the said sum, your bonus and its associated winnings will be forfeited.
One important thing to mention is the games' contribution towards clearing the aforementioned playthrough requirements. For example, if you wager $100 on the slots, you will clear the same amount from your wagering requirements since most slots have a 100% contribution. Meanwhile, progressive slots' contribution is 50%. In comparison, other games like Punto Banco, baccarat, Jacks or Better and Casino Hold 'em have a far smaller contribution of 1%, which means players will have to put more of their money on stake to clear their playthrough. Note that with most bonuses, you have a limited amount of time (15 days) to cover the requirements. If you fail to clear the playthrough in time, your winnings will be declared void.
Each new player, who registers a real-money account automatically becomes a member of the Cash Rewards program. Players are rewarded with the so-called Frequent Player Points for participating in the games with real-money wagers. Different games generate points at different rates. As soon as you have generated 200 points you, will be able to exchange them for cash at the rate of $1 per 100 points. Apparently, here, loyalty pays out too!

CasinoLuck Payment Methods

Being a renowned gaming provider, the website accepts a vast range of convenient, time-efficient and easy-to-use methods of payment. All banking solutions available at the website are reliable and secure, not to mention the casino aims to prevent frauds, misappropriation and identity thefts by utilizing SSL encryptions up to par with those, implemented by banking institutions. This means using your credit card to deposit is just as safe as paying with your Visa at the local convenience store.
The number of methods, players can use to fund their accounts is impressive, to say the least. Some of the most popular deposit options include credit/debit cards by Visa, Maestro, Mastercard, e-wallet Skrill, Neteller, EcoPayz and Moneta, prepaid vouchers by PaySafeCard and instant banking solutions such as Trustly, Moneta, Euteller, eKonto, Nordea, Sofort, POLi and Giropay as well as bank wire transfers. Keep in mind, some of these methods are used only in given regions and may be unavailable in your country.
We recommend you use PaySafeCard or e-wallets like Skrill and Neteller as no fees are imposed on payments processed with those. In comparison, players who fund their accounts with debit/credit cards will have a 2,5% fee deducted from their balance. The minimum deposit amount is $10, while the upper limit is set at $5,000 per day. In most cases, deposits are approved and processed immediately, but bank transfers may take up to 7 business days to complete.
A large portion of the methods, mentioned above are suitable for withdrawals with a few exceptions such as PaySafeCard and Mastercard. The minimum and maximum amounts, players can cash out per day, coincide with those for the deposits. However, withdrawals are not processed as quickly as deposits. The delay can be attributed to the numerous checks the transactions undergo before they leave the casino. That is why there is a pending period of 1 to 12 hours during which players' withdrawal requests are being approved.
Opening an account in the currency used in your country is, without a doubt, a major advantage as this way you will not incur currency conversion fees. Thankfully, a mind-blowing number of currencies are accepted. Players can open their accounts in any of the following – USD, CAD, AUD, EUR, GBP, BGL, NOK, SEK, ZAR, CNY, CZK, DKK, PLN, RUB, VEF, GEL, TRY, RON, MXN, NGN, HRK, HUF, PEN, CHF, KRW, ILS.
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CasinoLuck Customer Support

One great way to establish a good relationship with your customers is by providing them with excellent support service around the clock. There is no exception here as the operator offers very courteous, timely and adequate Customer Support to all players, who happen to experience any type of issues with their accounts, payments or bonuses. Which happens rarely, if ever. On many occasions, players contact support merely to request more detailed information on given matters.
The good news is great Customer Support is provided to all players in need of assistance. The support representatives are on standby via the Live Chat functionality, available at the website. Their approach is beyond professional which is hardly surprising, considering the fact they are expertly-trained to solve all types of issues and provide clear-cut information in the quickest manner possible.
Players, who are not in a hurry can opt for reaching the support staff via email. A less time-efficient option, of course, yet the agents typically respond quickly, within hours. If you wish your issues to be handled adequately, it would be best for you to provide your email address and account username in advance, since this will greatly facilitate the support agents. Please note, support at this online casino is currently unavailable over the phone.
To cater to the needs of its diverse, multinational gaming community, the online casino is available in 12 different languages, namely: English, German, Norwegian, Swedish, Finnish and Danish.

Licensing and Restricted Countries

In operation for over 15 years now, the website has successfully established a reputation for being among the most reliable, secure and fair online gaming destinations in the world. This, however, does not come as a surprise as the casino is completely legitimate and praised by players for the transparency it demonstrates.
The casino is owned and maintained by the prestigious company Minotauro Media Ltd. which is responsible for the operation and management of a number of other well-known casino brands in the industry; its website, however, is based in Malta.
CasinoLuck holds a valid license from the authorities of Curacao. The casino has been also granted a permission to operate from two of the strictest and most respected regulatory bodies in the industry – the Malta Gaming Authority and the UK Gambling Commission – a fact that serves as a sufficient guarantee for its reliability.
In the interest of fair gaming, a Random Number Generator has been implemented in order to ensure the algorithms of each game are based on a random principle. All developers' the casino has partnered with are certified and their software is tested and monitored by independent, third-party companies.
The casino's transparency is further backed up by the fact its license numbers are openly published on its homepage. The same applies to its overall payout percentage, which is estimated to be 97% on the average. Players, who are interested can go through a list of all games, available at the website, and check their average player return percentages.
Undoubtedly, one of the greatest advantages this online domain has to offer is the fact it has opened its virtual doors to gamers from a vast number of countries.
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Free Spins and Welcome Bonus
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Bonus Offers & Free Bets

There are too many promotions advertised on b-Bets to go through all of them in detail, so we will focus on the available welcome bonus offers for both the b-Bets Sportsbook and the b-Bets Casino, which are available to you after your first b-Bets login.
The b-Bets Sportsbook welcome bonus offers you a 100% match bonus on your initial deposit up to €100. The wagering requirements are 8x the bonus and deposit amount – meaning if you take full advantage of the Sportsbook offer, you will have to wager €1600 before you can withdraw the full amount of your bonus. Bets made on odds lower than 1.8 will not count towards the wagering requirement, and each bet must be placed on an event with three or more potential outcomes.
The b-Bets Casino welcome bonus offers you a 100% match bonus on your initial deposit up to €250 plus 100 free spins on the Fruit Spin slot game. You will receive 20 free spins each day for 5 days; the minimum deposit for this promotion is €20. Your deposit plus the bonus amount are subject to a wagering requirement of 30x for this promotion. The pay-out is limited to 10x the bonus amount.
The wagering requirements must be fulfilled within 30 days; however, both promotions actually have a buy-out option. This means you can request a payout after fulfilling as little as 20% of the wagering requirements. For example, if your deposit and bonus came to $200 and you have now fulfilled 80% of the wagering requirement, gaining a balance of €1000 in the process, you can cash out €800 (80%), while the remaining wagering requirement is bought off.
Overall these bonus offers are above-average. They may be lower in value than the majority of offers on the market – some can earn you thousands in bonus money – but being able to request a payout without completing the entire wagering requirement is a great benefit. Also, the wagering requirements for the Sportsbook promotion are especially generous, as they are usually much higher. Read our Betway review for an example of this: the operator offers a 100% match bonus on your initial deposit up to €250, but the wagering requirements are 50x.
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Usability, Look & Feel

Our b-Bets reviews found the desktop website design to be simple to use, even if it’s not quite the most aesthetically pleasing you’ll find. The sports section in particular is a little outdated, but there is no doubt that it is very easy to find what you’re looking for. All of the b-Bets betting markets are listed on the left, while there are icons for the most popular sports across the top; and as football is the main focus, the ‘Match of the Day’ is advertised at the top left. You can also switch between decimal, fractional and American odds on the left if you scroll down.
The b-Bets Casino has a more modern look, though it is actually split into two, with a separate ‘Slots’ section. The slot games are divided into categories such as ‘New’, ‘Popular’ and ‘Jackpots’. Under the ‘Casino’ heading, you will find ‘Poker’, ‘Baccarat’, ‘Roulette’, ‘Blackjack’, ‘Video Poker’,‘Scratch Cards’ and ‘Other Games’.
When it comes to b-Bets mobile, there is currently a b-Bets app available, but only for Android. If you don’t have a compatible device, you can simply access the site via the web page in your browser. The b-Bets mobile site has the same theme and most of the same features as its desktop counterpart. That being said, these b-Bets reviews consider the lack of a dedicated b-Bets app for iOS devices to be a problem that is hopefully resolved in the near future.

Payments

These b-Bets reviews can confirm that there are a large number of payment options available. The b-Bets deposit methods include Visa, MasterCard, Neteller, Skrill, Sofort, Zimpler, ecoPayz, Trustly, PaySafeCard, iDebit and more. The minimum b-Bets deposit is €20; transactions are processed instantly and there are no fees. b-Bets converts all currencies into Euros at an exchange rate of the site’s choosing.
Many of the deposit options are also accepted when it comes to withdrawing your funds – just bear in mind that you have to use the same payment method for deposits and withdrawals unless you get in contact with customer service. The b-Bets withdrawal times for cards and eWallets take up to 48 hours, while bank transfers have a b-Bets withdrawal time of 3-5 business days. Minimum withdrawal limits are €20; there are no withdrawal fees.
b-Bets have very low maximum withdrawal limits or €1000 per week and €2500 per month. There is also a frustratingly restrictive maximum daily net win limit of €25,000. If you feel that these withdrawal limits are just a little too low but would otherwise choose to play at b-Bets, check our 24Bettle review, as this sister site to b-Bets is very similar but instead has a maximum monthly withdrawal limit of €5000.
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Customer Service

It is our suggestion in these b-Bets reviews that you should always take a look at a website’s FAQ page before contacting their customer support. b-Bets has a very extensive FAQ section that is divided into 8 designated parts depending on what problem you are having.
If you are unable to find the answer you’re looking for on the site’s FAQ page, or if you’d simply prefer to speak to a trained representative, there are two customer support options available to you: a b-Bets live chat function and an email address. Unfortunately the b-Bets live chat is only available between the hours of 15:30 and 03:30 IST, but you will receive prompt responses within these times. You can expect a reply via email within 24 hours.
The lack of phone support is increasingly common for online gaming websites these days, though we consider it a negative aspect as nothing quite compares to the personal touch of being able to hear the voice of the representative assisting you.
You can also get in contact with b-Bets through their social media accounts, specifically Facebook, Twitter and Instagram.

License & Security

And now in our b-Bets reviews, we will answer the question that everyone should ask themselves before trusting an online gaming site that they haven’t used before, especially as putting your faith in the wrong operator has proved countless times before to be a huge waste of time, effort, and hard-earned money. This question is of course ‘Is b-Bets legit or is b-Bets rigged?’
b-Bets, which launched in 2014 and is owned by Condor Malta Limited, is licensed and regulated by the Malta Gaming Authority. An online gaming site that holds such a license is usually believed to be beyond reproach, with little to no risk of any b-Bets scam or b-Bets fraud taking place. This is because the Malta Gaming Authority is renowned worldwide as one of the ‘Big 4’ (along with the UK, Alderney and Gibraltar) when it comes to regulatory rules and licensing standards. Furthermore, b-Bets uses SSL data encryption and a Random Number Generator (RNG); plus the site is registered with Malta’s Data Protection Commissioner.
However, the maximum daily net win limit mentioned earlier is a problem. Any win limit is considered to be extremely unfair to players, because in the event that you win more you will not receive any money exceeding the limit. There are also a few unreasonable restrictions in the Condor Malta Group’s terms and conditions that have been highlighted – particularly a clause that states ‘No withdrawals shall be accepted from the accounts if a period of three months has elapsed from when the last successful deposit was made. In such cases, a new minimum deposit will be required.’ Though not necessarily a b-Bets fraud or b-Bets scam, these b-Bets reviews regard forcing customers to ‘play to get paid’ as entirely unacceptable as a practice.
Taking everything into account, these b-Bets reviews conclude that a b-Bets scam or b-Bets fraud is unlikely, though if you are a high-stakes player expecting close to or over the maximum daily net win limit, we suggest you look elsewhere.
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Rewards & Loyalty Program

b-Bets doesn’t have the standard rewards or loyalty program you may have come to expect if you already have some experience betting online; instead, the site has its unique ‘BidBets’ auction system.
Basically, as soon as you claim your b-Bets welcome bonus you receive BidBet credits, which can be used to bid on a series of bonuses. These bonuses include deposit offers, free bets, cash back, free spins, more BidBets and money, to name a few.
Further BidBets are acquired by making wagers on both the site’s Sportsbook and Casino products. At the Casino, you earn 1 BidBet credit for every €20 you play on any slot game. You can also earn BidBet credits by playing table games or live casino games, but these have a lower ratio. Unfortunately, we couldn’t find a record of the exact ratio for these games, even though the website claims that they are stated on the Casino bonus terms page.
There are constantly new items in the auction house that you can use your BidBets on, just check the ‘Trending Auctions’ drop-down menu at the top right of each page.

b-Bets Sports Betting

Betting Markets

There are fewer than 30 b-Bets betting markets available, which isn’t the greatest variety when compared to close competitors in the industry.
As well as some of the most popular sports in the world like football, baseball, basketball, boxing, cricket, darts, golf, ice hockey, MMA, motorsports, rugby, tennis and American football, there are also less common sports such as badminton, biathlon, cycling, futsal, Gaelic football, Gaelic hurling, pesapallo, snooker and volleyball. You can also place bets on UK and US politics. eSports options include DOTA 2, League of Legends, Overwatch, Rainbow Six and a few others. Unfortunately, there are no b-Bets betting options available for horse racing.

Odds

While compiling these b-Bets reviews, we performed an odds comparison between this online Sportsbook and that of competitor Royal Panda, using the full-time result of the upcoming FA Cup final match, Arsenal vs. Chelsea. Here’s a breakdown:

• Arsenal to win: b-Bets = 3.35; Royal Panda = 3.40
• Draw: b-Bets = 3.50; Royal Panda = 3.57
• Chelsea to win: b-Bets = 2.19; Royal Panda = 2.18

Although it’s a very close call, you can see that the b-Bets betting odds aren’t quite as good as those of Royal Panda. Regardless, these odds aren’t far from the industry leaders in the sports betting market, proving that the b-Bets betting odds are very competitive. For more details on the competitor, have a look at our Royal Panda review.
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Live Betting & Streaming

There is a moderate live betting section on the b-Bets website. The main live betting markets are football, baseball, basketball, ice hockey, table tennis and eSports.
The benefits to the b-Bets live betting section include a multichoice layout and a b-Bets betting calendar, which is ideal if you’re looking to plan for future games. However, there is a huge downside in the fact that there is no live streaming available; instead, there is a ‘Match Live’ section on the right of the page where you can view a graphical representation of the action combined with in-play statistics.

Limits

As previously mentioned in these b-Bets reviews, there is a €25,000 maximum daily net win limit on all wagers.

Product Summary & Conclusion

The b-Bets Sportsbook isn’t exactly the best when compared to its closest competitors: the selection of betting markets and bet types is below-average; the maximum daily net win limit and withdrawal limits are major weaknesses, especially to big-money bettors; and there is no live streaming. The biggest upside is the competitive odds, and when combined with the useful sports betting promotions with relatively low wagering requirements, you should be able to find some use in the b-Bets Sportsbook.
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