So, this 'blackjack' is played with a single 6-sided die. Here is how a game goes:
Dealer rolls for player until the player has something over 15.
Dealer then asks whether to hit or to stay.
Player chooses which, trying to get close to 21.
Dealer then does the same, and aims to beat the player. Dealer does not necessarily stay on 17/18.
I've had a nagging feeling in my head that this is exploitable somehow. Right now, my strategy is to hit until 18 or over and then stay. Can the math-wizards out there help me out finding a better strat?

I grew up in a small mountain town named Eureka. It was founded in the late 1800s during the gold rush, but after the mines dried up the town began its slow descent into decay. Half the houses are empty or abandoned now.
You can see a picture of the kind of houses here in Eureka:
First house
Second house
When a massive construction project began nearby, it was the talk of the town for weeks. Why would they build something in a sleepy dying town like Eureka? It wasn’t until my sister Selene talked to a few construction workers that we discovered they were building a casino.
A casino up in the mountains, over two hours away from Denver. None of us could understand why they’d chosen here of all places. After a few months of work, the casino was done.
I took a picture of the town with the completed casino in the background to the right. The ten-story-structure sticks out like a sore thumb off in the distance.
Town+Casino
After the casino opened, they hired a few dozen members of the town, offering high paying jobs to work as dealers or cleaning staff. I was already employed as a firefighter, but my sister Selene got a job as a blackjack dealer. She’s a widow with two young kids, so the paycheck was a real lifesaver.
Still, something about the situation seemed too good to be true. The jobs over there paid far too well, and the management was far too accommodating. The fire station where I work is located high on a hill overlooking the town, so I began watching the casino from a distance each day.
I had initially thought that the casino was located in a terrible location, but I was apparently wrong. True, Eureka was hours from any major city, but despite that, a bus full of people arrived every morning and left every evening.
One night I was over at my parent’s house and had dinner with Selene and her kids. I asked her about her experience as a dealer.
“It’s Ok,” she said. “Just a little boring I guess.”
“Boring?” I asked. “I’m surprised you don’t have your hands full.”
“Why’s that?” she asked. “It’s like you said, Eureka’s too small. I never have people playing cards. The casino is almost always completely empty.”
I wasn’t sure what to make of that. If the place was always empty, what happened to the people who I’d seen arriving on buses? “I’ve been keeping an eye on the building,” I said. “A bus full of people typically arrives around 9 AM every day.”
“Really?” she asked, looking confused. “If that’s true, I’ve never seen them.
“I can see it from the fire station,” I said. “If you head out for a smoke break at 9 AM, you’ll probably see them arriving.”
“Interesting,” she said. “I’ll do that. If they’re being processed for their organs or something, I’ll let you know.” She laughed.
“Har har,” I said sarcastically.
The next night she sent me a text calling me over. When I arrived, she was nearly breathless with excitement.
“Orin, You were right,” she said. “A big group of people did arrive, but they didn’t walk into my part of the casino. Instead, they all walked into an elevator at the back of the building. I’m not sure where that goes.” She looked thoughtful. “It was weird. They looked… How can I say it? Desperate? Something about the whole situation was very off. I’m gonna check out the elevator tomorrow.”
I told her to be careful, though, to be honest, I was excited to hear about what she discovered. When I visited my parent’s house the next night, I found her two kids there alone. They told me that Selene had never returned from work.
I called all her friends, then all our neighbors, but no one had seen her since she left for work that morning. Our conversations regarding the casino flooded my mind, then a plan began to form.
Early the next morning I walked across town in my nicest pair of jeans and a button-up shirt. I pushed through the door to the casino and saw that Selene wasn’t lying. The place was all but deserted. Three dozen slot machines crowded the walls surrounding a few tables interspersed throughout the floor of the casino. The only players in the whole building were Bob and Donald, two locals.
I walked up to a nearby table where Bridget, a girl I’d gone to high school with, was shuffling cards. She broke into a grin when she saw me. “Hey Orin, you here for a few rounds of blackjack?”
“I wish,” I said. “No, I’m here to ask about Selene. She never made it home last night.”
Bridget’s expression darkened. “Really? Have you asked around?”
“I already called around. Have you seen her?”
She shook her head. “No, our schedules rarely line up. I’ll be sure to let you know if I--” Her eyes focused on something behind me, and she cut herself off.
I turned around to see the casino’s pit boss watching us both. He was a tall thin man in an impeccably clean black suit. When I turned back towards Bridget, she was looking down at the table and shuffling cards absent-mindedly.
“Well, if you hear anything, let me know,” I said.
She nodded, so I turned around and headed for the pit boss. I stuck out my hand. The temperature of his hand was so hot that I had to pull my hand away after a few seconds.
“Have… have you seen my sister Selene?” I asked. “She hasn’t been seen since her shift here yesterday.”
He smiled. “Sir, this floor is for players. You’re more than welcome to head to the tellers for chips, but barring that I’m afraid I’ll have to ask you to leave.”
I stared at him for a long second before stalking towards the door. When I looked back, he was talking with Bridget.
I checked my watch. 8:55 AM, just as I’d planned. I walked around the back of the building and waited as the morning bus pulled around the building. I waited for the telltale hiss of the opening doors and the sound of people descending before I rounded the corner and joined the crowd. None of them paid any particular attention to me as I walked with them into the casino.
The crowd walked through a side door down a hallway to an elevator. Small groups of people entered the elevator as the rest of us waited for our turn. I shot a glance at the casino patrons, surprised at their diversity. There seemed to be people from all different countries and ethnicities. I heard one speaking Japanese and another speaking what sounded like an African language.
My turn came along with a few other patrons in the elevator. A sickly woman hobbled into the elevator beside me carrying an IV that was still connected to one of her veins. We piled in and rode up to the top.
The elevator rose for a few long seconds. I wasn’t sure what I would find, but I steeled myself for something horrible. The elevator’s speaker let out a TING, then the doors opened.
We all walked out onto what looked like a standard casino. Another few dozen slot machines ringed the walls, but on this floor, they were almost all occupied by customers. I took in the scene, confused at why they’d have a ground floor that was almost completely empty when this place was almost--
Selene was dealing cards at a nearby table.
I jogged over and sat down at an open seat. None of the players around me paid me much attention.
“Selene!” I said. “Are you OK? Did you spend the night here last night?”
Her eyes were glassy and confused. She looked up at me with a dumb expression and didn’t respond to my question.
“Selene?” I asked.
“What’s your bet?” she asked me. “This table is for blackjack players only.”
“I…” I trailed off, looking at the players around me. None of them were betting with chips of any kind. “What’s the minimum bet?” I asked.
“Three years,” she responded.
“Three years then,” I said, not knowing what that referred to.
Selene nodded, then began dealing cards. I shot a look down at my hand. King and a 9. Selene dealt out cards for herself, showing a 9. I stood, then leaned forward again. “Should I call the police? Are you--”
“Congratulations,” she said tonelessly.
An almost impossibly warm hand grabbed my shoulder. I spun to see the pit boss I’d spoken to earlier. He gave an impressed smile. “Orin, was it? I’m impressed, truly. Would you mind if I had a word with you?”
I shot a look back at Selene who was dealing the next round of cards. Then I got to my feet, balling my hands into fists. “What did you do to her?”
The pit boss clasped his hands behind his back. “Nothing more, and nothing less than what I’m going to do to you. That is, offer you the chance to play.”
“What the hell is that supposed to mean?”
The pit boss nodded his head towards a nearby slot machine. A woman in a wheelchair pulled a lever and watched the flashing numbers spin. They exploded in a cacophony of sirens and flashing lights. “WINNER WINNER WINNER!” The machine screeched.
The woman in the wheelchair put her feet on the ground and stood up on a pair of wobbly legs that had clearly never been used before.
“As in any other casino,” the pit boss said, “you must wager for the chance to win.”
“She... won the use of her legs?” I asked, feeling light-headed. “Wait,” I said. “I played blackjack just now. ‘Three years,’ Selene told me. What does ‘three years’ mean?” I asked.
“Three years of life, of course. Did you win?”
My mouth felt dry. “I-- Yes, I won.”
He smiled warmly. “Congratulations. I hope you enjoy them. I can tell you from personal experience that watching the decades pass is a bore. Give it some time and you’ll be back to spend them.”
I watched the pit boss’s face. He couldn’t have been more than a few years older than me, and I was in my early thirties. I looked around at the casino. No one was playing with chips of any kind. “So what?” I asked. “I won years of life. That woman won the use of her legs. What else can a person win here?”
“Oh, almost anything. They can win almost anything you can imagine.”
A cold feeling settled in my stomach. “And what do they wager?”
His eyes flashed with greed. “Almost anything. They can wager almost anything you can possibly imagine. Anything equal in value to the item they want in return.” He nodded towards a nearby roulette table.
A man stood by the table, cradling his hands. “Another finger,” he called out. He only had three fingers remaining on his left hand. As I watched, the ball came to a stop, and another finger disappeared from his left hand.
The pit boss extended his hands. “Feel free to try any of our games. Bet and win whatever you’d like.” He reached out and snatched my hand. A feeling of intense warmth passed up my arm to my chest. “There,” he said. “I’ve even given you some house money to get you started. An extra decade of life, on me.”
I ripped my hand away, staring at him in horror. Then I looked back at Selene. Something clicked in my mind. “You offered her the chance to play. What did she want?” I asked.
“Her husband,” the pit boss said. “Quite the sad story. He died two years ago. She wanted him brought back to her.”
“What did she wager?” I asked.
“She wanted the chance to win a soul, the most valuable object in existence. I’m sure you can imagine what she needed to wager for the chance to win it. What she wagered is unimportant. The important question is: What do you want, Orin?”
I stared at Selene with a flat expression. “I’m sure you can imagine.”
His eyes flashed with greed again. “How wonderful. The casino could always make use of another dealer. Feel free to make your wager at any one of our games; I’ll be eagerly awaiting the results of your night. Oh, and do take advantage of our waitresses. We always supply food and drink for ‘high rollers’.” He walked away.
I spent the next few hours trying to decide which game to play. I was going to be wagering my soul, so I wanted the highest chance possible. Slots and roulette were out. I’d done some reading online about counting cards, so I figured that blackjack gave me the best odds.
I walked up to Selene’s table and sat down. “Bet?” she asked with that same toneless voice. “Three years,” I said.
I spent the next hour or so doing my best to remember how to count cards. I knew that low cards added one to my count and high cards decreased it by one, but the casino used three decks. I had read something about how that was supposed to change my calculation, but I couldn’t quite remember how.
Every time I won a hand, I cursed myself for not putting everything on the line. Every time I lost, I breathed a prayer of thanks that I’d waited. And all the while, I kept track of the count.
I had lost fifteen years of life when the count finally reached +5.
“Bet?” Selene asked.
“I wager my soul so you can be free,” I said.
The table around me fell silent. Selene’s eyes flickered, but she showed no other emotion as she dealt the cards. I watched my first card, punching the air in excitement when I saw a Jack. My excitement turned to ash when my second card was a four. Fourteen.
I looked at her hand. One card was facedown, but the faceup card was a King. I swore loudly, staring down at my hands.
“Hit?” she asked. The entire table was silently watching me.
“Hit,” I said, not looking down. The table erupted in cheers. I looked down to see a 7 atop my two other cards. 21. Blackjack.
I looked at Selene who flipped over her facedown card to reveal a 9. 19. I won.
The glassy look left her eyes immediately. She looked around in surprise, then her eyes locked on mine. “Orin?” she asked, then almost immediately began to cry. The entire casino broke out in cheers.
I grabbed her hand and headed for the elevator. The doors had begun to close when the pit boss reached out with a hand to stop them.
“Congratulations,” he said, beaming. He seemed to be honestly excited.
“Shouldn’t you be upset?” I asked.
“Not at all. Casinos love it when we have big winners. It inspires the other players to make larger bets. I imagine I’ll gain two or three dealers before the night is through from your performance.”
“Great,” I said flatly. “Now let us go.”
“Not yet,” he said. “You didn’t just win, Orin. You got a blackjack. And blackjack pays out 1.5 times your bet. You won your sister’s soul and more.”
I stared, not sure what to say. “What are you saying? I won half a soul extra?”
The pit boss grinned wildly. “Just remember what I said. You’ll find living for decades and decades to be a boring experience. After a few centuries, you’ll be back to gamble that half a soul away. Congratulations!”
He removed his hand, and the elevator doors slammed shut.
I helped Selene back to her house. Her children were relieved. I watched them cry, then moved into the kitchen to start making dinner.
It’s been a few days since that experience. The casino is still out there, and buses full of people still arrive. I… I cut my hand pretty bad a few days later. When I checked it an hour later, it had already healed, no scar or anything. I’m not sure exactly what I won at that casino, but there’s no way I’m ever going back.
X

TL:DR

• This is Part 1 of my two part deep dive on DraftKings (Ticker: DKNG, I will refer to the company as “DK”)
• This first part introduces you to (1) me, (2) the company, (3) my thesis on the company, and (4) digs into how they make money.
• The second part (already released, you can read it here - but get through part 1 first :) ) will go in depth to explore the question “Can we 10x from here?”
• DK is an exciting, disruptive company working to change how we experience watching sports and make it better.
• I am not a financial advisor and this is not investment advice. These are just my opinions to help facilitate learning and discussion.

Hello, welcome to my first deep dive write up.
My name’s Mark and I’m an accountant with a passion for investing. About two years ago, I used to work as an auditor at a public accounting firm and have been behind the scenes at many different publicly traded and privately held companies in the U.S. My goal is to bring my unique perspective from that past experience, my current experience working in a new role at a large corporation, and my understanding of accounting to help break down some of the most exciting growth stocks on the market today.
I’m a long-term investor. I am focused on finding great companies and holding them for a long time. I’m willing to endure volatility, crazy price drops, and everything that comes with this approach as long as the facts that led me to originally invest and believe in that company have not changed. If you want to learn more about this approach. I recommend reading the book “100 Baggers” by Chris Mayer.
Introduction
I think it’s fitting that my first stock pick has to do with sports. Sports has been a part of my life since I could walk at the age of 2. First with baseball and soccer, and then later in my childhood with golf. I’ve always played American football and basketball for fun as well and have always been an avid fan of all the major sports in the US.
I started playing fantasy sports (mostly just fantasy football) about 6 years ago and have always enjoyed it. Traditionally, with fantasy football you draft a team at the beginning of the year and those are your players for the rest of the season. If you have a bad draft, oh well. You can try to improve your team with trades and free agent additions but it is tough. Leagues usually consist of 10-14 teams (each managed by an individual) and there’s obviously only one winner at the end of the season (about 4 months after the draft). This can lead to the managers of the lower performing teams losing interest as the season wanes on. I believe DraftKings’ (DK) founders saw this issue and saw an opportunity. Enter, daily fantasy sports. Now, with the DK platform you can draft a new team every week. Or if you want, every day. This allows fans of fantasy sports to engage at whichever point of the season they want and at varying financial stakes.
The Thesis Statement
For every stock pick I make, I want to provide a quick thesis statement that can serve as a reminder for why I’m buying and holding that stock for the long term. I’ll always aim to make it just a few sentences long so it can easily be remembered and internalized. This helps during times when the price may sporadically drop and you need to remember why you’re holding this position.
The thesis statement I have come up with for DK is as follows:
“DraftKings: The leader in allowing fans to engage financially with their favorite sports, teams, and players. Having money at stake makes the game a lot more interesting to watch. The era of daily fantasy sports games, online sports betting, and online betting (outside of sports), is just getting started and DK is as well positioned (or better positioned) than anyone to capitalize off of this trend.”
Notice how I said “allowing fans to engage financially” as the first sentence and not necessarily “allowing fans to gamble”. There’s a reason for that. According to US Federal Law, Daily Fantasy Sports (DFS) contests have specifically been exempted from the prohibitions of the Unlawful Internet Gambling Enforcement Act (UIGEA). DK has always been, and I believe will continue to be DFS contests 1st, sports betting 2nd, and other forms of gambling/entertainment 3rd. It is noteworthy that states at an individual level can still deem DFS contests illegal if they so wish, but as of this writing (11/26/20), 43 of the 50 US States allow DFS contests and DK, accordingly, is offering DFS contests in all 43 of those US States.
I’ll try to clarify the difference between DFS contests and sports betting real quick:
DFS Contest – Pay a pre-set entry fee to enter a contest. All entry fees go towards “The Pot”. “Draft” 9 players to be on your “Team” for 1 week. Enter your “Roster” into a contest with other players (could range from 1 other person to 1,000s of people, the DK user can choose). Whichever “Roster” amasses the most points for that week out of all contestants wins. The winner will get the highest payout, and depending on the nature of the contest, other top finishers will receive smaller payouts as well.
Sports Gambling – Team A is considered a 10 point favorite to defeat Team B. This means that Team A is expected, by the professional gambling line setters, to outscore Team B by 10 points. This is known as a point spread. You can bet on the underdog or the favorite. If you bet on the favorite, they have to win by more than 10 points for you to win the bet. If you bet on the underdog, you will win the bet as long as the underdog keeps the game within less than a 10 point defeat.
These are just a couple simple examples to help you see the difference. Sports Gambling (the 2nd priority of DK) is a very lucrative market just as the DFS contests are. However, in the US, Federal Laws and regulations are a lot stricter on Sports Gambling than they are on DFS. As of this writing (11/27/20), 22 states (including the District of Columbia) out of 51 possible allow sports gambling.
DK is still in the infancy stages of getting their sports gambling business going. In the 22 states where they could potentially operate, they currently have a sports gambling offering in 11 of those states. The sports gambling business model for DK can be broken into two main offerings – mobile sports betting, and retail sports betting. Mobile sports betting means you can place a sports bet online from the comfort of your own home, while retail sports betting means you must go to a casino and place a bet with the sportsbook in person. I personally believe mobile sports betting is the real potential cash cow for DK out of the two types of sports betting offerings due to the convenience and ease of access. DK is currently working on and encouraging customers to lobby their state lawmakers to legalize sports gambling in more states.
How DK makes money
At the very least, before you invest in a company, you better understand how they make money. In Chris Mayers’ excellent book, 100 Baggers, that I mentioned above, he continually references top line revenue growth as one of the main common indicators of a possible 100 Bagger. This isn’t to tell you that any stock I pick will be a 100 Bagger just because it has great top line revenue growth, but if I am looking at a growth stock to hold for the long term, revenue growth is one of the first things I look at.
For DK, their means of making money is quite simple. I already went into detail above about DFS Contests and Sports Gambling. In DK’s latest 10-Q filing with the SEC (filed 11/13/20), revenue is broken out into two main streams: Online Gaming and Gaming Software.
Online Gaming (82% of Total Revenue for 9 months ended 9/30/20):
Online gaming is the true core business of DK and includes the aforementioned DFS Contests, Sports Gambling and additional gambling (non-sports) opportunities. DK refers to their additional gambling (non-sports) as “iGaming” or “online casino”.
For the 9 months ended 9/30/20, Online Gaming revenue totaled $239M, up 30% YoY from $184M in the same prior year period. Keep in mind, that this is an increase that happened during a COVID-19 global pandemic that delayed and shortened many professional sports seasons.
Online gaming revenue is earned in a few ways that are slightly different, but very similar overall. In order to enter a DFS contest, a customer must pay an entry fee. DFS revenue is generated from these entry fees collected, net of prize payouts and customer incentives awarded to users. In order to place a sports bet (sports gambling), a customer places a wager with a DK Sportsbook. The DK Sportsbook sets odds for each wager that builds in a theoretical margin allowing DK to profit. Sports gambling revenue is generated from wagers collected from customers, net of payouts and incentives awarded to winning customers. The last form of online gaming revenue is earned in similar fashion to a land-based casino, offering online versions of casino games such as blackjack, roulette, and slot machines.
Gaming Software (18% of Total Revenue for 9 months ended 9/30/20):
While the Online Gaming revenue stream mentioned above is a Business to Consumer (B2C) model, the Gaming Software revenue stream is a Business to Business (B2B) model. The Gaming Software side of the business was born out of the acquisition of SBTech, a company from the Isle of Man (near the UK) founded in 2007 that has 12+ years of experience providing online sports betting platforms to clients all over the world. The acquisition occurred as part of the SPAC driven IPO in April of 2020 that combined “the old DK company” with SBTech so that they now are “the new DK company” listed as DKNG on the NASDAQ. SBTech is a far more important part of the story than just being 18% of today’s revenue. The reason for this is because DK will eventually (planned mid-late 2021) be migrating all of their DFS and gambling offerings onto SBTech’s online platforms. Currently, for DFS, DK uses their own proprietary platform but that will move to SBTech with the migration. Currently, for online gambling, DK uses Kambi, the same online gambling platform that services Penn Gaming (PENN), a DK rival. But that’s enough about the software migration for now, back to the Gaming Software revenue.
The Gaming Software revenue stream for DK is essentially a continuation of SBTechs’ B2B business model. DK contracts with business customers to provide sports and casino betting software solutions. DK typically enters two different type of arrangements with B2B customers when selling the gaming software:

1. Direct Customer Contract Revenue: In this type of transaction, the software is sold directly to a business (casino for example) that wants to use the software for their own gambling operations. This revenue is generally calculated as a percentage of the wagering revenue generated by the business customer using DK’s software and is recognized in the periods in which those wagering and related activities conclude.
2. Reseller Arrangement Revenue: In this type of transaction, DK provides distributors with the right to resell DK’s software-as-a-service offering to their clients, using their own infrastructure. In reseller arrangements, revenue is generally calculated via a fixed monthly fee and an additional monthly fee which varies based on the number of gaming operators to whom each reseller sub-licenses DK’s software.

As mentioned above, SBTech was an international company based in the Isle of Man before being acquired by DK. Thus, the majority of their business in their first 12 years of operating independently has always been international and outside of the United States. This has helped DK, which has historically been US focused, expand it’s international reach.
A perfect example of expanding this international reach occurred recently during October (technically Q4) in which DK’s B2B technology (powered by SBTech) helped enable the launch of “PalaceBet”, a new mobile and online sportsbook offering from Peermont, a South Africa based resort and casino company. The deal was headed by DK’s new Chief International Officer, Shay Berka, who previously spent 10 years working for SBTech as CFO and General Manager. Mr. Berka took on the role of DK’s Chief International Officer upon the merger in April earlier this year. I think this deal shows that DK has integrated SBTech and it’s business very well into the larger business as a whole. They are not wasting any time using their newly acquired resources to expand their reach and bring in new sources of revenue.
This is the end of my first article about DK. My goal is to drop Part 2 later this week. The focus of Part 2 will be an in depth answer of the question – “Can we 10x from here?”
Disclosure: I am/we are long DKNG. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

TL:DR

• This is Part 1 of my two part deep dive on DraftKings (Ticker: DKNG, I will refer to the company as “DK”)
• This first part introduces you to (1) me, (2) the company, (3) my thesis on the company, and (4) digs into how they make money.
• The second part (to be released later this week) will go in depth to explore the question “Can we 10x from here?”
• DK is an exciting, disruptive company working to change how we experience watching sports and make it better.
• I am not a financial advisor and this is not investment advice. These are just my opinions to help facilitate learning and discussion.

Hello, welcome to my first deep dive write up.
My name’s Mark and I’m an accountant with a passion for investing. About two years ago, I used to work as an auditor at a public accounting firm and have been behind the scenes at many different publicly traded and privately held companies in the U.S. My goal is to bring my unique perspective from that past experience, my current experience working in a new role at a large corporation, and my understanding of accounting to help break down some of the most exciting growth stocks on the market today.
I’m a long-term investor. I am focused on finding great companies and holding them for a long time. I’m willing to endure volatility, crazy price drops, and everything that comes with this approach as long as the facts that led me to originally invest and believe in that company have not changed. If you want to learn more about this approach. I recommend reading the book “100 Baggers” by Chris Mayer.
Introduction
I think it’s fitting that my first stock pick has to do with sports. Sports has been a part of my life since I could walk at the age of 2. First with baseball and soccer, and then later in my childhood with golf. I’ve always played American football and basketball for fun as well and have always been an avid fan of all the major sports in the US.
I started playing fantasy sports (mostly just fantasy football) about 6 years ago and have always enjoyed it. Traditionally, with fantasy football you draft a team at the beginning of the year and those are your players for the rest of the season. If you have a bad draft, oh well. You can try to improve your team with trades and free agent additions but it is tough. Leagues usually consist of 10-14 teams (each managed by an individual) and there’s obviously only one winner at the end of the season (about 4 months after the draft). This can lead to the managers of the lower performing teams losing interest as the season wanes on. I believe DraftKings’ (DK) founders saw this issue and saw an opportunity. Enter, daily fantasy sports. Now, with the DK platform you can draft a new team every week. Or if you want, every day. This allows fans of fantasy sports to engage at whichever point of the season they want and at varying financial stakes.
The Thesis Statement
For every stock pick I make, I want to provide a quick thesis statement that can serve as a reminder for why I’m buying and holding that stock for the long term. I’ll always aim to make it just a few sentences long so it can easily be remembered and internalized. This helps during times when the price may sporadically drop and you need to remember why you’re holding this position.
The thesis statement I have come up with for DK is as follows:
“DraftKings: The leader in allowing fans to engage financially with their favorite sports, teams, and players. Having money at stake makes the game a lot more interesting to watch. The era of daily fantasy sports games, online sports betting, and online betting (outside of sports), is just getting started and DK is as well positioned (or better positioned) than anyone to capitalize off of this trend.”
Notice how I said “allowing fans to engage financially” as the first sentence and not necessarily “allowing fans to gamble”. There’s a reason for that. According to US Federal Law, Daily Fantasy Sports (DFS) contests have specifically been exempted from the prohibitions of the Unlawful Internet Gambling Enforcement Act (UIGEA). DK has always been, and I believe will continue to be DFS contests 1st, sports betting 2nd, and other forms of gambling/entertainment 3rd. It is noteworthy that states at an individual level can still deem DFS contests illegal if they so wish, but as of this writing (11/26/20), 43 of the 50 US States allow DFS contests and DK, accordingly, is offering DFS contests in all 43 of those US States.
I’ll try to clarify the difference between DFS contests and sports betting real quick:
DFS Contest – Pay a pre-set entry fee to enter a contest. All entry fees go towards “The Pot”. “Draft” 9 players to be on your “Team” for 1 week. Enter your “Roster” into a contest with other players (could range from 1 other person to 1,000s of people, the DK user can choose). Whichever “Roster” amasses the most points for that week out of all contestants wins. The winner will get the highest payout, and depending on the nature of the contest, other top finishers will receive smaller payouts as well.
Sports Gambling – Team A is considered a 10 point favorite to defeat Team B. This means that Team A is expected, by the professional gambling line setters, to outscore Team B by 10 points. This is known as a point spread. You can bet on the underdog or the favorite. If you bet on the favorite, they have to win by more than 10 points for you to win the bet. If you bet on the underdog, you will win the bet as long as the underdog keeps the game within less than a 10 point defeat.
These are just a couple simple examples to help you see the difference. Sports Gambling (the 2nd priority of DK) is a very lucrative market just as the DFS contests are. However, in the US, Federal Laws and regulations are a lot stricter on Sports Gambling than they are on DFS. As of this writing (11/27/20), 22 states (including the District of Columbia) out of 51 possible allow sports gambling.
DK is still in the infancy stages of getting their sports gambling business going. In the 22 states where they could potentially operate, they currently have a sports gambling offering in 11 of those states. The sports gambling business model for DK can be broken into two main offerings – mobile sports betting, and retail sports betting. Mobile sports betting means you can place a sports bet online from the comfort of your own home, while retail sports betting means you must go to a casino and place a bet with the sportsbook in person. I personally believe mobile sports betting is the real potential cash cow for DK out of the two types of sports betting offerings due to the convenience and ease of access. DK is currently working on and encouraging customers to lobby their state lawmakers to legalize sports gambling in more states.
How DK makes money
At the very least, before you invest in a company, you better understand how they make money. In Chris Mayers’ excellent book, 100 Baggers, that I mentioned above, he continually references top line revenue growth as one of the main common indicators of a possible 100 Bagger. This isn’t to tell you that any stock I pick will be a 100 Bagger just because it has great top line revenue growth, but if I am looking at a growth stock to hold for the long term, revenue growth is one of the first things I look at.
For DK, their means of making money is quite simple. I already went into detail above about DFS Contests and Sports Gambling. In DK’s latest 10-Q filing with the SEC (filed 11/13/20), revenue is broken out into two main streams: Online Gaming and Gaming Software.
Online Gaming (82% of Total Revenue for 9 months ended 9/30/20):
Online gaming is the true core business of DK and includes the aforementioned DFS Contests, Sports Gambling and additional gambling (non-sports) opportunities. DK refers to their additional gambling (non-sports) as “iGaming” or “online casino”.
For the 9 months ended 9/30/20, Online Gaming revenue totaled $239M, up 30% YoY from $184M in the same prior year period. Keep in mind, that this is an increase that happened during a COVID-19 global pandemic that delayed and shortened many professional sports seasons.
Online gaming revenue is earned in a few ways that are slightly different, but very similar overall. In order to enter a DFS contest, a customer must pay an entry fee. DFS revenue is generated from these entry fees collected, net of prize payouts and customer incentives awarded to users. In order to place a sports bet (sports gambling), a customer places a wager with a DK Sportsbook. The DK Sportsbook sets odds for each wager that builds in a theoretical margin allowing DK to profit. Sports gambling revenue is generated from wagers collected from customers, net of payouts and incentives awarded to winning customers. The last form of online gaming revenue is earned in similar fashion to a land-based casino, offering online versions of casino games such as blackjack, roulette, and slot machines.
Gaming Software (18% of Total Revenue for 9 months ended 9/30/20):
While the Online Gaming revenue stream mentioned above is a Business to Consumer (B2C) model, the Gaming Software revenue stream is a Business to Business (B2B) model. The Gaming Software side of the business was born out of the acquisition of SBTech, a company from the Isle of Man (near the UK) founded in 2007 that has 12+ years of experience providing online sports betting platforms to clients all over the world. The acquisition occurred as part of the SPAC driven IPO in April of 2020 that combined “the old DK company” with SBTech so that they now are “the new DK company” listed as DKNG on the NASDAQ. SBTech is a far more important part of the story than just being 18% of today’s revenue. The reason for this is because DK will eventually (planned mid-late 2021) be migrating all of their DFS and gambling offerings onto SBTech’s online platforms. Currently, for DFS, DK uses their own proprietary platform but that will move to SBTech with the migration. Currently, for online gambling, DK uses Kambi, the same online gambling platform that services Penn Gaming (PENN), a DK rival. But that’s enough about the software migration for now, back to the Gaming Software revenue.
The Gaming Software revenue stream for DK is essentially a continuation of SBTechs’ B2B business model. DK contracts with business customers to provide sports and casino betting software solutions. DK typically enters two different type of arrangements with B2B customers when selling the gaming software:
​

1. Direct Customer Contract Revenue: In this type of transaction, the software is sold directly to a business (casino for example) that wants to use the software for their own gambling operations. This revenue is generally calculated as a percentage of the wagering revenue generated by the business customer using DK’s software and is recognized in the periods in which those wagering and related activities conclude.
2. Reseller Arrangement Revenue: In this type of transaction, DK provides distributors with the right to resell DK’s software-as-a-service offering to their clients, using their own infrastructure. In reseller arrangements, revenue is generally calculated via a fixed monthly fee and an additional monthly fee which varies based on the number of gaming operators to whom each reseller sub-licenses DK’s software.

As mentioned above, SBTech was an international company based in the Isle of Man before being acquired by DK. Thus, the majority of their business in their first 12 years of operating independently has always been international and outside of the United States. This has helped DK, which has historically been US focused, expand it’s international reach.
A perfect example of expanding this international reach occurred recently during October (technically Q4) in which DK’s B2B technology (powered by SBTech) helped enable the launch of “PalaceBet”, a new mobile and online sportsbook offering from Peermont, a South Africa based resort and casino company. The deal was headed by DK’s new Chief International Officer, Shay Berka, who previously spent 10 years working for SBTech as CFO and General Manager. Mr. Berka took on the role of DK’s Chief International Officer upon the merger in April earlier this year. I think this deal shows that DK has integrated SBTech and it’s business very well into the larger business as a whole. They are not wasting any time using their newly acquired resources to expand their reach and bring in new sources of revenue.
This is the end of my first article about DK. My goal is to drop Part 2 later this week. The focus of Part 2 will be an in depth answer of the question – “Can we 10x from here?”
Disclosure: I am/we are long DKNG. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Bovada Sportsbook:

Bovada is an online sportsbook and casino established in 2011. The platform offers betting on most major US sports leagues and horse racing. It has slots, table games, blackjack, and a variety of other casino games. Plus, Bovada offers live online poker tournaments with players from around the world.
What you will need to do is sign up through my referral link. Make a deposit, and pm me with the deposit amount, and bet through your deposit one time and I'll receive 200% of your deposit up to $100. (You can easily hedge your $100 bet on another Sportsbook to churn through your 1× bet through. Feel free to ask me questions if you have any.) I will receive 200% of your deposit up to $100. Example, if you deposit $50, I'll receive $100 and send you $25 back. Minimum deposit is $20 and max payout from me is $25. Note that you can't withdraw your funds right away or I will lose my referral bonus. After 24 hours, to ensure you don't just withdraw and I lose my bonus, I'll send the money. STEPS: *Comment $bid
*I'll send you link to my referral to sign up or you can use the link below.
*Sign up and deposit $20 or more to receive your payment back from me.

• I'll send out payment via Cashapp, Venmo, PayPal or Chime.

Link:# #https://www.bovada.lv/welcome/P455B02E/join?extcmpid=rafcopy

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Sportbetting.ag Sportsbook:

SportsBetting is a one-stop-shop for nearly every popular type of gambling – legal sports betting, casino gaming, horse racing betting, and poker. Headquartered in Panama, the site initially launched in 1999 but was acquired by BetOnline in 2012. Since the acquisition, SportsBetting has become one of the top legal betting sites for players from the United States. It is one of the few legal betting sites that remained in the US market after Congress passed the Unlawful Internet Gambling Act (UIGEA) of 2006. The federal law has no impact on the legality of online sports betting, but is essentially a banking restriction on unregulated payment processors. SportsBetting is well aware of this law and they have created ways to make sure that bettors can still safely and efficiently receive their winnings. SportsBetting has remained committed to U.S. players and is today one of the best betting sites that accept residents of all 50 states.
SportsBetting offers the complete package for every type of player in the US, and you will find that the site truly outshines the competition in certain areas. Huge bonuses and promotions, the latest betting odds, quick registration, and reliable banking are just some of the strong points of this particular betting site. The overall variety, whether it be the selection of sports or the catalog of casino games, is quite impressive at the online gambling site. In our legal SportsBetting review for US players, we will go into detail on these topics and more.
What you will need to do is sign up through my referral link. Make a deposit, and pm me with the deposit amount. Bet through your deposit one time and I'll receive 200% of your deposit up to $200. (You can easily hedge your $100 bet on another Sportsbook to churn through your 1× bet through. Feel free to ask me questions if you have any.) Example, if you deposit $100, I'll receive $200 and send you $50 back. Minimum deposit is $25 and max payout from me is $50. Note that you can't withdraw your funds right away or I will lose my referral bonus. After 24 hours, to ensure you don't just withdraw and I lose my bonus, I'll send the money.
STEPS:
*Comment $bid
*I'll send you link to my referral to sign up or you can use the link below.
*Sign up and deposit $25 or more and bet through your deposit once to receive your payment back from me.

• I'll send out payment via Cashapp, Venmo, PayPal or Chime.

I have been playing at SportsBetting. Join today and get a 75% bonus to bet on sports... https://sportsbetting.ag/?RAF=AD4XWFF3&product=SPO
I also have other offers on my profile posted for other Sportsbook that can guarantee yourself a few hundred dollars if you sign up before Super bowl. Please feel free to contact me regarding those offers.

Bovada Sportsbook:

Bovada is an online sportsbook and casino established in 2011. The platform offers betting on most major US sports leagues and horse racing. It has slots, table games, blackjack, and a variety of other casino games. Plus, Bovada offers live online poker tournaments with players from around the world.
What you will need to do is sign up through my referral link. Make a deposit, and pm me with the deposit amount, and bet through your deposit one time and I'll receive 200% of your deposit up to $100. (You can easily hedge your $100 bet on another Sportsbook to churn through your 1× bet through. Feel free to ask me questions if you have any.) I will receive 200% of your deposit up to $100. Example, if you deposit $50, I'll receive $100 and send you $25 back. Minimum deposit is $20 and max payout from me is $25. Note that you can't withdraw your funds right away or I will lose my referral bonus. After 24 hours, to ensure you don't just withdraw and I lose my bonus, I'll send the money. STEPS: *Comment $bid
*I'll send you link to my referral to sign up or you can use the link below.
*Sign up and deposit $20 or more to receive your payment back from me.

• I'll send out payment via Cashapp, Venmo, PayPal or Chime.

Link:# #https://www.bovada.lv/welcome/P455B02E/join?extcmpid=rafcopy

https://www.bovada.lv/terms-of-service

Sportbetting.ag Sportsbook:

SportsBetting is a one-stop-shop for nearly every popular type of gambling – legal sports betting, casino gaming, horse racing betting, and poker. Headquartered in Panama, the site initially launched in 1999 but was acquired by BetOnline in 2012. Since the acquisition, SportsBetting has become one of the top legal betting sites for players from the United States. It is one of the few legal betting sites that remained in the US market after Congress passed the Unlawful Internet Gambling Act (UIGEA) of 2006. The federal law has no impact on the legality of online sports betting, but is essentially a banking restriction on unregulated payment processors. SportsBetting is well aware of this law and they have created ways to make sure that bettors can still safely and efficiently receive their winnings. SportsBetting has remained committed to U.S. players and is today one of the best betting sites that accept residents of all 50 states.
SportsBetting offers the complete package for every type of player in the US, and you will find that the site truly outshines the competition in certain areas. Huge bonuses and promotions, the latest betting odds, quick registration, and reliable banking are just some of the strong points of this particular betting site. The overall variety, whether it be the selection of sports or the catalog of casino games, is quite impressive at the online gambling site. In our legal SportsBetting review for US players, we will go into detail on these topics and more.
What you will need to do is sign up through my referral link. Make a deposit, and pm me with the deposit amount. Bet through your deposit one time and I'll receive 200% of your deposit up to $200. (You can easily hedge your $100 bet on another Sportsbook to churn through your 1× bet through. Feel free to ask me questions if you have any.) Example, if you deposit $100, I'll receive $200 and send you $50 back. Minimum deposit is $25 and max payout from me is $50. Note that you can't withdraw your funds right away or I will lose my referral bonus. After 24 hours, to ensure you don't just withdraw and I lose my bonus, I'll send the money.
STEPS:
*Comment $bid
*I'll send you link to my referral to sign up or you can use the link below.
*Sign up and deposit $25 or more and bet through your deposit once to receive your payment back from me.

• I'll send out payment via Cashapp, Venmo, PayPal or Chime.

I have been playing at SportsBetting. Join today and get a 75% bonus to bet on sports... https://sportsbetting.ag/?RAF=AD4XWFF3&product=SPO
I also have other offers on my profile posted for other Sportsbook that can guarantee yourself a few hundred dollars if you sign up before Super bowl. Please feel free to contact me regarding those offers.

Bovada is an online sportsbook and casino established in 2011. The platform offers betting on most major US sports leagues and horse racing. It has slots, table games, blackjack, and a variety of other casino games. Plus, Bovada offers live online poker tournaments with players from around the world.
What you will need to do is sign up through my referral link. Make a deposit, and pm me with the deposit amount, and bet through your deposit one time and I'll receive 200% of your deposit up to $100. (You can easily hedge your $100 bet on another Sportsbook to churn through your 1× bet through. Feel free to ask me questions if you have any.) I will receive 200% of your deposit up to $100. Example, if you deposit $50, I'll receive $100 and send you $25 back. Minimum deposit is $20 and max payout from me is $25. Note that you can't withdraw your funds right away or I will lose my referral bonus. After 24 hours, to ensure you don't just withdraw and I lose my bonus, I'll send the money. STEPS: *Comment $bid
*I'll send you link to my referral to sign up or you can use the link below.
*Sign up and deposit $20 or more to receive your payment back from me.

• I'll send out payment via Cashapp, Venmo, PayPal or Chime.

Link:# #https://www.bovada.lv/welcome/P455B02E/join?extcmpid=rafcopy

https://www.bovada.lv/terms-of-service
SportsBetting is a one-stop-shop for nearly every popular type of gambling – legal sports betting, casino gaming, horse racing betting, and poker. Headquartered in Panama, the site initially launched in 1999 but was acquired by BetOnline in 2012. Since the acquisition, SportsBetting has become one of the top legal betting sites for players from the United States. It is one of the few legal betting sites that remained in the US market after Congress passed the Unlawful Internet Gambling Act (UIGEA) of 2006. The federal law has no impact on the legality of online sports betting, but is essentially a banking restriction on unregulated payment processors. SportsBetting is well aware of this law and they have created ways to make sure that bettors can still safely and efficiently receive their winnings. SportsBetting has remained committed to U.S. players and is today one of the best betting sites that accept residents of all 50 states.
SportsBetting offers the complete package for every type of player in the US, and you will find that the site truly outshines the competition in certain areas. Huge bonuses and promotions, the latest betting odds, quick registration, and reliable banking are just some of the strong points of this particular betting site. The overall variety, whether it be the selection of sports or the catalog of casino games, is quite impressive at the online gambling site. In our legal SportsBetting review for US players, we will go into detail on these topics and more.
What you will need to do is sign up through my referral link. Make a deposit, and pm me with the deposit amount. Bet through your deposit one time and I'll receive 200% of your deposit up to $200. (You can easily hedge your $100 bet on another Sportsbook to churn through your 1× bet through. Feel free to ask me questions if you have any.) Example, if you deposit $100, I'll receive $200 and send you $50 back. Minimum deposit is $25 and max payout from me is $50. Note that you can't withdraw your funds right away or I will lose my referral bonus. After 24 hours, to ensure you don't just withdraw and I lose my bonus, I'll send the money.
STEPS:
*Comment $bid
*I'll send you link to my referral to sign up or you can use the link below.
*Sign up and deposit $25 or more and bet through your deposit once to receive your payment back from me.

• I'll send out payment via Cashapp, Venmo, PayPal or Chime.

I have been playing at SportsBetting. Join today and get a 75% bonus to bet on sports... https://sportsbetting.ag/?RAF=AD4XWFF3&product=SPO

I grew up in a small mountain town named Eureka. It was founded in the late 1800s during the gold rush, but after the mines dried up the town began its slow descent into decay. Half the houses are empty or abandoned now.
You can see a picture of the kind of houses here in Eureka:
Abandoned House
Non-abandoned House
When a massive construction project began nearby, it was the talk of the town for weeks. Why would they build something in a sleepy dying town like Eureka? It wasn’t until my sister Selene talked to a few construction workers that we discovered they were building a casino.
A casino up in the mountains, over two hours away from Denver. None of us could understand why they’d chosen here of all places. After a few months of work, the casino was done.
I took a picture of the town with the completed casino in the background to the right. The ten-story-structure sticks out like a sore thumb off in the distance.
Town+Casino
After the casino opened, they hired a few dozen members of the town, offering high paying jobs to work as dealers or cleaning staff. I was already employed as a firefighter, but my sister Selene got a job as a blackjack dealer. She’s a widow with two young kids, so the paycheck was a real lifesaver.
Still, something about the situation seemed too good to be true. The jobs over there paid far too well, and the management was far too accommodating. The fire station where I work is located high on a hill overlooking the town, so I began watching the casino from a distance each day.
I had initially thought that the casino was located in a terrible location, but I was apparently wrong. True, Eureka was hours from any major city, but despite that, a bus full of people arrived every morning and left every evening.
One night I was over at my parent’s house and had dinner with Selene and her kids. I asked her about her experience as a dealer.
“It’s Ok,” she said. “Just a little boring I guess.”
“Boring?” I asked. “I’m surprised you don’t have your hands full.”
“Why’s that?” she asked. “It’s like you said, Eureka’s too small. I never have people playing cards. The casino is almost always completely empty.”
I wasn’t sure what to make of that. If the place was always empty, what happened to the people who I’d seen arriving on buses? “I’ve been keeping an eye on the building,” I said. “A bus full of people typically arrives around 9 AM every day.”
“Really?” she asked, looking confused. “If that’s true, I’ve never seen them.
“I can see it from the fire station,” I said. “If you head out for a smoke break at 9 AM, you’ll probably see them arriving.”
“Interesting,” she said. “I’ll do that. If they’re being processed for their organs or something, I’ll let you know.” She laughed.
“Har har,” I said sarcastically.
The next night she sent me a text calling me over. When I arrived, she was nearly breathless with excitement.
“Orin, You were right,” she said. “A big group of people did arrive, but they didn’t walk into my part of the casino. Instead, they all walked into an elevator at the back of the building. I’m not sure where that goes.” She looked thoughtful. “It was weird. They looked… How can I say it? Desperate? Something about the whole situation was very off. I’m gonna check out the elevator tomorrow.”
I told her to be careful, though, to be honest, I was excited to hear about what she discovered. When I visited my parent’s house the next night, I found her two kids there alone. They told me that Selene had never returned from work.
I called all her friends, then all our neighbors, but no one had seen her since she left for work that morning. Our conversations regarding the casino flooded my mind, then a plan began to form.
Early the next morning I walked across town in my nicest pair of jeans and a button-up shirt. I pushed through the door to the casino and saw that Selene wasn’t lying. The place was all but deserted. Three dozen slot machines crowded the walls surrounding a few tables interspersed throughout the floor of the casino. The only players in the whole building were Bob and Donald, two locals.
I walked up to a nearby table where Bridget, a girl I’d gone to high school with, was shuffling cards. She broke into a grin when she saw me. “Hey Orin, you here for a few rounds of blackjack?”
“I wish,” I said. “No, I’m here to ask about Selene. She never made it home last night.”
Bridget’s expression darkened. “Really? Have you asked around?”
“I already called around. Have you seen her?”
She shook her head. “No, our schedules rarely line up. I’ll be sure to let you know if I--” Her eyes focused on something behind me, and she cut herself off.
I turned around to see the casino’s pit boss watching us both. He was a tall thin man in an impeccably clean black suit. When I turned back towards Bridget, she was looking down at the table and shuffling cards absent-mindedly.
“Well, if you hear anything, let me know,” I said.
She nodded, so I turned around and headed for the pit boss. I stuck out my hand. The temperature of his hand was so hot that I had to pull my hand away after a few seconds.
“Have… have you seen my sister Selene?” I asked. “She hasn’t been seen since her shift here yesterday.”
He smiled. “Sir, this floor is for players. You’re more than welcome to head to the tellers for chips, but barring that I’m afraid I’ll have to ask you to leave.”
I stared at him for a long second before stalking towards the door. When I looked back, he was talking with Bridget.
I checked my watch. 8:55 AM, just as I’d planned. I walked around the back of the building and waited as the morning bus pulled around the building. I waited for the telltale hiss of the opening doors and the sound of people descending before I rounded the corner and joined the crowd. None of them paid any particular attention to me as I walked with them into the casino.
The crowd walked through a side door down a hallway to an elevator. Small groups of people entered the elevator as the rest of us waited for our turn. I shot a glance at the casino patrons, surprised at their diversity. There seemed to be people from all different countries and ethnicities. I heard one speaking Japanese and another speaking what sounded like an African language.
My turn came along with a few other patrons in the elevator. A sickly woman hobbled into the elevator beside me carrying an IV that was still connected to one of her veins. We piled in and rode up to the top.
The elevator rose for a few long seconds. I wasn’t sure what I would find, but I steeled myself for something horrible. The elevator’s speaker let out a TING, then the doors opened.
We all walked out onto what looked like a standard casino. Another few dozen slot machines ringed the walls, but on this floor, they were almost all occupied by customers. I took in the scene, confused at why they’d have a ground floor that was almost completely empty when this place was almost--
Selene was dealing cards at a nearby table.
I jogged over and sat down at an open seat. None of the players around me paid me much attention.
“Selene!” I said. “Are you OK? Did you spend the night here last night?”
Her eyes were glassy and confused. She looked up at me with a dumb expression and didn’t respond to my question.
“Selene?” I asked.
“What’s your bet?” she asked me. “This table is for blackjack players only.”
“I…” I trailed off, looking at the players around me. None of them were betting with chips of any kind. “What’s the minimum bet?” I asked.
“Three years,” she responded.
“Three years then,” I said, not knowing what that referred to.
Selene nodded, then began dealing cards. I shot a look down at my hand. King and a 9. Selene dealt out cards for herself, showing a 9. I stood, then leaned forward again. “Should I call the police? Are you--”
“Congratulations,” she said tonelessly.
An almost impossibly warm hand grabbed my shoulder. I spun to see the pit boss I’d spoken to earlier. He gave an impressed smile. “Orin, was it? I’m impressed, truly. Would you mind if I had a word with you?”
I shot a look back at Selene who was dealing the next round of cards. Then I got to my feet, balling my hands into fists. “What did you do to her?”
The pit boss clasped his hands behind his back. “Nothing more, and nothing less than what I’m going to do to you. That is, offer you the chance to play.”
“What the hell is that supposed to mean?”
The pit boss nodded his head towards a nearby slot machine. A woman in a wheelchair pulled a lever and watched the flashing numbers spin. They exploded in a cacophony of sirens and flashing lights. “WINNER WINNER WINNER!” The machine screeched.
The woman in the wheelchair put her feet on the ground and stood up on a pair of wobbly legs that had clearly never been used before.
“As in any other casino,” the pit boss said, “you must wager for the chance to win.”
“She... won the use of her legs?” I asked, feeling light-headed. “Wait,” I said. “I played blackjack just now. ‘Three years,’ Selene told me. What does ‘three years’ mean?” I asked.
“Three years of life, of course. Did you win?”
My mouth felt dry. “I-- Yes, I won.”
He smiled warmly. “Congratulations. I hope you enjoy them. I can tell you from personal experience that watching the decades pass is a bore. Give it some time and you’ll be back to spend them.”
I watched the pit boss’s face. He couldn’t have been more than a few years older than me, and I was in my early thirties. I looked around at the casino. No one was playing with chips of any kind. “So what?” I asked. “I won years of life. That woman won the use of her legs. What else can a person win here?”
“Oh, almost anything. They can win almost anything you can imagine.”
A cold feeling settled in my stomach. “And what do they wager?”
His eyes flashed with greed. “Almost anything. They can wager almost anything you can possibly imagine. Anything equal in value to the item they want in return.” He nodded towards a nearby roulette table.
A man stood by the table, cradling his hands. “Another finger,” he called out. He only had three fingers remaining on his left hand. As I watched, the ball came to a stop, and another finger disappeared from his left hand.
The pit boss extended his hands. “Feel free to try any of our games. Bet and win whatever you’d like.” He reached out and snatched my hand. A feeling of intense warmth passed up my arm to my chest. “There,” he said. “I’ve even given you some house money to get you started. An extra decade of life, on me.”
I ripped my hand away, staring at him in horror. Then I looked back at Selene. Something clicked in my mind. “You offered her the chance to play. What did she want?” I asked.
“Her husband,” the pit boss said. “Quite the sad story. He died two years ago. She wanted him brought back to her.”
“What did she wager?” I asked.
“She wanted the chance to win a soul, the most valuable object in existence. I’m sure you can imagine what she needed to wager for the chance to win it. What she wagered is unimportant. The important question is: What do you want, Orin?”
I stared at Selene with a flat expression. “I’m sure you can imagine.”
His eyes flashed with greed again. “How wonderful. The casino could always make use of another dealer. Feel free to make your wager at any one of our games; I’ll be eagerly awaiting the results of your night. Oh, and do take advantage of our waitresses. We always supply food and drink for ‘high rollers’.” He walked away.
I spent the next few hours trying to decide which game to play. I was going to be wagering my soul, so I wanted the highest chance possible. Slots and roulette were out. I’d done some reading online about counting cards, so I figured that blackjack gave me the best odds.
I walked up to Selene’s table and sat down. “Bet?” she asked with that same toneless voice. “Three years,” I said.
I spent the next hour or so doing my best to remember how to count cards. I knew that low cards added one to my count and high cards decreased it by one, but the casino used three decks. I had read something about how that was supposed to change my calculation, but I couldn’t quite remember how.
Every time I won a hand, I cursed myself for not putting everything on the line. Every time I lost, I breathed a prayer of thanks that I’d waited. And all the while, I kept track of the count.
I had lost fifteen years of life when the count finally reached +5.
“Bet?” Selene asked.
“I wager my soul so you can be free,” I said.
The table around me fell silent. Selene’s eyes flickered, but she showed no other emotion as she dealt the cards. I watched my first card, punching the air in excitement when I saw a Jack. My excitement turned to ash when my second card was a four. Fourteen.
I looked at her hand. One card was facedown, but the faceup card was a King. I swore loudly, staring down at my hands.
“Hit?” she asked. The entire table was silently watching me.
“Hit,” I said, not looking down. The table erupted in cheers. I looked down to see a 7 atop my two other cards. 21. Blackjack.
I looked at Selene who flipped over her facedown card to reveal a 9. 19. I won.
The glassy look left her eyes immediately. She looked around in surprise, then her eyes locked on mine. “Orin?” she asked, then almost immediately began to cry. The entire casino broke out in cheers.
I grabbed her hand and headed for the elevator. The doors had begun to close when the pit boss reached out with a hand to stop them.
“Congratulations,” he said, beaming. He seemed to be honestly excited.
“Shouldn’t you be upset?” I asked.
“Not at all. Casinos love it when we have big winners. It inspires the other players to make larger bets. I imagine I’ll gain two or three dealers before the night is through from your performance.”
“Great,” I said flatly. “Now let us go.”
“Not yet,” he said. “You didn’t just win, Orin. You got a blackjack. And blackjack pays out 1.5 times your bet. You won your sister’s soul and more.”
I stared, not sure what to say. “What are you saying? I won half a soul extra?”
The pit boss grinned wildly. “Just remember what I said. You’ll find living for decades and decades to be a boring experience. After a few centuries, you’ll be back to gamble that half a soul away. Congratulations!”
He removed his hand, and the elevator doors slammed shut.
I helped Selene back to her house. Her children were relieved. I watched them cry, then moved into the kitchen to start making dinner.
It’s been a few days since that experience. The casino is still out there, and buses full of people still arrive. I… I cut my hand pretty bad a few days later. When I checked it an hour later, it had already healed, no scar or anything. I’m not sure exactly what I won at that casino, but there’s no way I’m ever going back.
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Deciding to play in a casino with the promise of winning lots of money may sound like a good idea, but if you are new to playing slot machines online, then it is better to stick to sites with a good slot machine history. There are many sites that claim to offer slot machines of any type - whether they are progressive or pay-to-play. But you need to exercise caution when choosing a site to place your bet on.
Joker Caverns is a safe and reliable online casino where thousands of online players have trusted it for decades. If you want to join a reliable and trustworthy online casino where all your betting needs are met, then joker388 would be the ideal platform to go with. When you participate in joker caverns slot machine online games, your winning odds are higher because there are fewer people playing, hence a lower chance of you winning without doing anything.
If you want to try your luck in the slot game machines in Indonesia, then it would be best to stick with sites that offer a wide range of gaming joker options. Indonesia has some of the biggest known joker gaming facilities in the world. Some of the well known ones include Big Fish, Double Dutch, Karate Champ, Lucky Car, Neon Jungle, and more.
In Indonesia, you can find two types of joker gaming: progressive and pay-to-play. Progressive slots are known for their astronomical jackpots - over US$10 million. On top of this, you also have a small but steady stream of regular jackpot payments to add to your winning bankroll. Pay-to-play slot machines, however, are not progressive, so the smaller prizes are in addition to the regular jackpots.
With progressive slots, your winning odds are determined by the amount of credits you have spent. For every credit you spend, you earn one point. The more credits you have spent, the better your chances of winning big jackpot prizes. Unlike regular casino games, in which you will definitely lose if you do not have enough money in your bankroll, in slot games, there is a slim chance of losing even a single point. This is because jackpot amounts are decreased each time you place a bet. As long as you have credits in your account to cover your bets, you stand a good chance of winning big in joker games.
To get the most out of your online slot experience, it is best to choose sites that offer a wide variety of gaming joker options. These include classic games like blackjack and roulette, as well as newer favorites like bingo and keno. In addition to having an extensive variety of these games, ensure that the website you choose also has other free online slot games that you can play. Playing slots can be both fun and lucrative, provided you know how to play slot games the right way. With the right site, information, and a variety of games to choose from, you can enjoy playing online slot gaming with ease and comfort.

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On-line casinos, also acknowledged as virtual casino or world wide web on line casino are an on the net version of classic casinos. Casinos you go to, to participate in black jack or cleanly slot equipment. On the internet casinos allow gamblers/gamers to engage in and gamble on on line casino game titles by the World-wide-web.
These sorts of online gambling casinos normally present strange and payback proportions that are similar to land-dependent casinos. Some on line casinos declare increased payback percentages for slot device game titles, and some publish expense share audits on their web sites. Assuming that the casino royal is using an correctly programmed random variety generator, desk video games like blackjack have an recognized residence frame. The payment share for these online games is founded by the rules of the recreation. Reliability and have confidence in challenges are typical and often questioned in casino net. Quite a few on line casinos rent or receive their program from very well-acknowledged organizations like Wager Operates, Microgaming, Genuine time Gaming, Engage in tech and Cryptology in an attempt to "piggyback" their popularity on the software manufacturer's integrity. These software package businesses either use or assert to use random amount turbines for on the internet on line casino gambling to guarantee that the quantities, playing cards or dice arise randomly.
In cost-free casino online games, whichever you like betting, you will be capable to make your alternative concerning different web sites and on the web casinos with no downloading on your computer any software. The video games are represented in your browser plug-ins these as Macro media Flash, Macro media Shock wave, or Java which will allow your personal computer to display screen the appears, visuals and games in digital casino.
The online gambling player will come across on on the internet on line casino a wonderful array of video games such as Baccarat, Blackjack, Craps, Roulette, Slot Machines or Movie Poker. If you are a devoted Bingo on the web player, numerous web sites this kind of as will give you the thrill you are hunting for some of them presenting to succeed cost-free vacations or tours by casino web, if you make a deposit prior to a specified day.
Online casinos also suggest to new associates/gamers signup bonuses when they produce their very first deposits in casino royal. It usually equals a share of the player's deposit with a dollar optimum, and most of all on the internet casinos need a least greenback amount of money. With online casino, you can have fun all the game titles you want, from Baccarat to Poker.
Baccarat
Roulette is a on line casino and gambling match and comes from a French title perception "smaller wheel" which is correctly what Roulette is. It was invented in the 17th century by a gentleman title Blaise Pascal. To make it a lot more satisfying to gamblers, two other Frenchmen François and Louis Blanc included the "" to the roulette in classify to boost the odds. When you have any issues relating to where by and the way to utilize แทงบอลออนไลน์จ่ายจริง, you possibly can email us at our web site. Later on in the 1800s, roulette was brought into the United States exactly where a second "" was added "00" to raise the odds even additional. A participant can gamble on numbers, mixture, ranges, odds/evens, and colours in virtual casino. The croupier turns the wheel which has 37 or 38 singly numbered sections in which the small ball should land for absolutely free casino video games. The key sections are from one to 36 and each individual other sections is pink and black, with amount 1 staying pink. There is also a green compartment numbered . In most roulette wheels in the United States but not in Europe, there is a 2nd compartment marked 00, also coloured environmentally friendly. If a participant bets on a one range and wins, the charges is 35 to 1. The gamble alone is revisited, so in complete it is multiplied by 36. You can participate in the roulette on on line on line casino Royal and will have the precise identical results as if you were being in a real Vegas on line casino.

The lottery player in Cameroon
CamWinLotto revolutionizes sports betting and online casino in Cameroon. We aim to provide you the safest online gaming experience so that you can enjoy numerous sports at ease. We are proud to say that we also provide better odds in Cameroon in games namely Lottery, Sports Lottery, Chinese Super League, instant games and Sports Betting.
You can also unwind yourself with other games such as online Scratch Card games, Online Lotto, Biggy237, Virtual Horse Racing, Virtual Dog Racing, Virtual Soccer, and more. Occasional rewards and offers crafted by us will make your love for online sports more exciting.
We believe in customer comfort and safety so you can simply pay, play and win while sitting at your comfort place. CamWinLotto.cm is also regulated under the laws of The Gaming Board of Cameroon. The two languages available right now are English and French.
We slowly aim to diversify online betting in Cameroon and our employees are constantly working towards making this dream come true.
Trusted betting site in Cameron
CamWinLotto is one of the most trusted online Casinos in Cameroon. Player confidentiality and data protection are our biggest motto. We provide high-security encrypted payment methods to ensure player safety. Our aim is to provide a 100% hassle-free gaming experience to our players without having them worrying about security. To protect customer data we are constantly updating and scrutinizing our security system. Along with this, we are constantly working on improving our policies and making them more user-friendly, so we can ensure a safer, smoother, and entertaining experience for our users.
Best Online Gambling Cameroon
Considering the number of players and their increasing interaction with the site, we take immense pride in our deliverance and user-friendliness of the interface. Player integrity, credibility, and data security are our key deliverance values. We aim to maintain absolute transparency to ensure a high level of player trustworthiness. The values, rules, and policies of online casino associations are at the core of our working. We also safeguard the welfare and benefits of online gambling in Cameroon so that we can maintain a healthy competitive environment, and can deliver a memorable gambling experience to the players.
Online Betting site for entertainment
On these tiring days, relaxation is a must. We provide a stress-free online gaming experience to our players to relax their mind and body. We have an easy to use and highly responsive user interface to make the user experience smooth so that they can focus on relaxing themselves and enjoying leisure time. Players mostly find online betting, gaming, and gambling a relaxing, entertaining, and exciting experience that can help them relax.
Best Online Lottery in Casino
We bring you an exciting range of lotteries to try your luck in. Our online lottery in Cameroon is engaging and outperforms its competitors. Our game features along with the casino-style gaming experience hold strong pillars for us. We provide an outstanding lottery experience for our players. Our lottery system is entirely dependent on the system and hence is completely unbiased. Try your luck with our lottery games.
Game offerings
Online slot games
We provide you with a wide range of online slot games in Cameroon, including, wild safari, Princess of the Deep, Diamonds Deluxe, Arctic Wolf, Yin Yang, Hot Frozen Fruits, to name a few. Our aim is to provide you with a variety of options that are refreshing and relaxing and can improve your online gaming experience. We offer a high number of free spin games, progressive jackpots, and slot bonus games and are constantly adding more new games to understand the needs of online casino players in Cameroon. Our game designs are intriguing and captivating for user attention which will enhance the user experience by many folds.
Live casino games
We have a wide variety of online casino games in Cameroon like American Roulette, Dragon Tiger, Baccarat, Caribbean Poker, MultiHand BlackJack Poker, Heads and Tails, etc. We focus on providing you with the best gaming experience online that is fully player-oriented. With our live casino offerings, players across Cameroon will have a better alternative to place bets and play games besides the internet cafe shops.
Online Fish game
Fishing games are one of the highly popular games online which are being welcomed by the online gambling community in Cameroon. Our online fishing games are interactive and come with a variety of user-friendly options. With our easy to navigate interface and attractive visuals, the experience of the game grows by leaps and bounds. The players are sure to have a fun and relaxing time while devouring themselves in the game.
Instant Games Online
CamWinLotto brings a series of instant games to be played online in Cameroon. Be it Tic Tac Toe or Royal poker we have it all. Our range of games caters to the varying needs and demands of our players. With easy to win gambles and engaging visuals, you can be certain of having fun and relaxing times. The instant games as the name suggests are quick plays and instant gambles which keep the player hooked for a long time. With our developing team constantly working on improving and introducing new instant games, our players are surely having a great time. Our game range includes Champ Rally, Lucky Jersey, 777 Casino, Cross n Zero, Treasure hunt, Ball Bash along with other fun games.
Try your luck with our instant games and have leisure time.

A slot online, also called a slot machine, slot games, pugs, bananas, poker machine/pnp, or fruit machines, is a gaming machine that generates a random game for its users. In playing slot online you can win real cash money or get freebies and bonuses from casinos and websites. In some cases the slot machine may be integrated with other gambling games, such as bingo, blackjack, roulette, etc. Online slot machines are available in most of the casino websites.
Classic slot machines are those that have a fixed number of pay lines. In slot online you will see a variety of pay lines. The object of playing classic slot machines is to predict which pay line will come up next. The random number generator (RNG) in slot online works in a similar fashion to the ones used in slot machines found in land-based casinos. The difference lies in the fact that online casinos use an internal system of random number generation that relies on mathematical algorithms and software to decide which numbers will come up next.
One example of a classic slot machine is the video slot. Here the player uses a video camera to see the ball rolling around the reels and hitting objects in front of it. The video slot machine uses very few, if any, of the traditional payout methods such as payoff through slot machines, spins at reels, or classic slots. Instead it makes all its money by providing a constant rate of payouts based on how well it predicts the paylines it sees on the screen. This type of machine runs on software called a random number generator (RNG). The generator decides what numbers will be drawn next after feeding it information about the number that is to be played, whether it is a classic slot machine number a video slot number, or a combination of both.
Online casinos that use online systems of play generally use what are called "probability generators" to determine what the payouts will be. The generator uses mathematical algorithms to identify the odds that casino goers will select particular slot machine outcomes. Once this information is fed into the random number generator, it produces an unpredictable set of jackpots and payouts. Some people call these "house advantages" and others simply refer to them as a lack of physical slots in a casino. It may seem that way, but the fact is that without these "virtual" slots a casino can't make any money at all.
You might think that since slot machine games on the Internet use purely mathematical calculations, they can't be affected by the casino games you might play. You'd be wrong. The Internet has opened up a whole new world of slot machine gambling, one that the physical casinos couldn't possibly have created or maintained. Traditional slot machine gambling online can be affected by online casino games as much as live casino games can.
In the same way that an individual may develop an immunity to computer viruses, individual players can become immune to slot machine results. This means that while an experienced slot player can likely beat the odds on a particular slot machine game, the same player won't win twice on the same machine. While it's possible for a human to calculate the probability of hitting two jackpots in one hour, the same formula can't be used to determine what the odds are for slot machine games on the Internet. This lack of mathematical expertise can be implemented into the online casinos anyway. By including random number generators in their online slot games, they can ensure that there is some element of unpredictability to the online slot games they offer to their members.

Link Joker is a Chinese based online casino that offers you free slots. This casino is very similar to the popular UK casinos such as the Paradise casino. The interface of the website is simple and easy to use. When you log into the site, you will see a large variety of slots games including the popular slots games such as the No-Limit, Blackjack, Video Poker, Slots, Roulette and Keno. There are also many bonus and promotion codes offered by this website that can increase your chances of winning big jackpots and getting free credits.
The link joker123 is an exciting slot machine that offers you one of the best video poker games available on the internet today. You will find that there are many different variations of this slot machine such as the ninety-two odds machine, the double ninety-two machine, the single ninety-two odds machine, the limited card slot machine and the no-limit slot machine. There are also machine options for baccarat, keno, slots and keno action. The online casino can be accessed through a secure internet connection and you will have immediate play on the web casino when you make your deposit.
The Link Joker is a highly recommended machine because it offers you a great game slot experience with the largest jackpot prize. The game is a mixture of luck and strategy. The Link Joker is played in three different variations. It is available in both the virtual world and on land. The land game version of the online slot machine and the online casino are separated by a virtual wall that makes it easier for players to switch from one version to another.
The link slot joker is a highly recommended machine and is a top ten slot machine in the world. In order to win the huge jackpot offered by this machine, you need to fill out an application form given to you by the staff of the online casino. The Link Joker slot online is one of the most popular games and is used as the payment method by many of the online casinos in Asia.
The link alternatif joker123 is a popular game and has won many awards. It is also known as the "Bollywood Poker" and the "Bollywood Video Poker". The links game is also known as the Bollywood swakker or the "Bollywood street machine". Many professional gamblers have placed high bets on this game and many famous people in Bollywood have also won here.
The Bollywood Untuk Game Slot is similar to the Bollywood Video Poker and has also won many awards. The game is completely based on luck and strategy and you must use both your skill and wits to win. The link alternatif joker123 is an amusement slot machine that can be used at any of the Malaysia casinos. It is popular with the visitors of the casinos in Kuala Lumpur as well as the visitors of other casinos in Malaysia. There are slot machines in all the four walls of the slots machine in the bin walls.

The most popular online poker game which is being played at the top online casinos nowadays is 99 Poker. It is also known as Badugi. It is basically a variation of Blackjack, which has more than seven million players around the world. There are different types of hands used in this game. The goal of the player is to eliminate the other players and ultimately win the pot.
To play this game you need to buy an electronic card reader. You can then input your hand into the device, which will then scan the cards to tell the player what they are dealt. There is also a special kind of software that can help you determine your chances of winning by using a special type of formula. This is an application that is used to calculate the odds of winning.
Once the hand has been entered, it will give you the amount of money on the top card. When you see the amount of money, you can now place a bet. This allows you to change the odds of winning and place new bets. Each bit corresponds to a number on the card, which allows you to win big if you have a high number, or a small amount if you have a low number.
The goal of the game is to eliminate all the players before you reach the last card. If no one has bet when you play, the last card will be dealt to the player who had the highest hand. The first person that makes a correct bet is the winner. In the event of a tie, a random number will decide the winner. The point system of 99 Poker is used to keep the game fair and therefore favored among players. Some times a participant may receive an advantage by using certain strategies or techniques.
The game has several types of finishes such as the rapid, regular, and royal rush. Regular and rapid are the most basic games and have a predetermined number of cards before the game will end. Royal rush is very fast paced game where there are numerous actions from the start including betting, raising, and lowering hands. If you want to win a game of poker, then you must be knowledgeable about its rules and winning strategies.
When playing the game, you should also try to know other players' strategies as well. This will help you make your decision when making a play. A good internet casino will offer various kinds of information about the game. Some sites even offer live action to give you a real time playing experience. There are even websites that offer download the software necessary to play the game and even give winning tips.

I thought of putting a piece together to give some guidance on what games you should be targeting if you expect to make a long term income from online betting. There are some games in any casino that will be stacked against you and give the house a long term edge that you will never beat. They can be great for a little bit of fun, whether you are betting online or in a physical location, but they are real big money losers if you play them all the time.
Some examples of games that are designed to bring in a consistent profit for "the house" include the roulette wheel and slot machines. The edge, or advantage, that the gambling institution gains can vary wildly and in some cases may even be displayed to you if you care to look for it.
There are other games that can be beaten, but require absolute mastery and very few mistakes if you want to bring home the money. These include blackjack and poker. Taking blackjack for example, if you learn to play the perfect game it is possible to gain a tiny advantage over the dealer - even without going to the extremes of being able to count cards.
Poker is another game that is highly variable but a true professional will be able to take advantage of odds and through some shrewd play can make a career out of it. Poker can be a bit more difficult because you are against other players, you usually pay a commission to the house (ante) each hand and if you are not a confident player then bluffers might take advantage of you.
While not a totally safe way to make a gambling return, many people can be learn how to make a profit from sports betting. If you are good at reading teams, or know how to handicap horses effectively, then it can be possible for you to make a steady return. Like many income generating methods, it is largely about calculating risk and making sure all of your bad bets are covered by a good amount of winning bets. The places I usually find the best bets are Ladbrokes.com and SportsBet.io

Online Gambling in cameroon
CamWinLotto revolutionizes sports betting and online casino in Cameroon. We aim to provide you the safest online gaming experience so that you can enjoy numerous sports at ease. We are proud to say that we also provide better odds in Cameroon in games namely Lottery, Sports Lottery, Chinese Super League, instant games and Sports Betting.
You can also unwind yourself with other games such as online Scratch Card games, Online Lotto, Biggy237, Virtual Horse Racing, Virtual Dog Racing, Virtual Soccer, and more. Occasional rewards and offers crafted by us will make your love for online sports more exciting.
We believe in customer comfort and safety so you can simply pay, play and win while sitting at your comfort place. CamWinLotto.cm is also regulated under the laws of The Gaming Board of Cameroon. The two languages available right now are English and French.
We slowly aim to diversify online betting in Cameroon and our employees are constantly working towards making this dream come true.
Trusted betting site in Cameron
CamWinLotto is one of the most trusted online Casinos in Cameroon. Player confidentiality and data protection are our biggest motto. We provide high-security encrypted payment methods to ensure player safety. Our aim is to provide a 100% hassle-free gaming experience to our players without having them worrying about security. To protect customer data we are constantly updating and scrutinizing our security system. Along with this, we are constantly working on improving our policies and making them more user-friendly, so we can ensure a safer, smoother, and entertaining experience for our users.
Best Online Gambling Cameroon
Considering the number of players and their increasing interaction with the site, we take immense pride in our deliverance and user-friendliness of the interface. Player integrity, credibility, and data security are our key deliverance values. We aim to maintain absolute transparency to ensure a high level of player trustworthiness. The values, rules, and policies of online casino associations are at the core of our working. We also safeguard the welfare and benefits of online gambling in Cameroon so that we can maintain a healthy competitive environment, and can deliver a memorable gambling experience to the players.
Online Betting site for entertainment
On these tiring days, relaxation is a must. We provide a stress-free online gaming experience to our players to relax their mind and body. We have an easy to use and highly responsive user interface to make the user experience smooth so that they can focus on relaxing themselves and enjoying leisure time. Players mostly find online betting, gaming, and gambling a relaxing, entertaining, and exciting experience that can help them relax.
Best Online Lottery in Casino
We bring you an exciting range of lotteries to try your luck in. Our online lottery in Cameroon is engaging and outperforms its competitors. Our game features along with the casino-style gaming experience hold strong pillars for us. We provide an outstanding lottery experience for our players. Our lottery system is entirely dependent on the system and hence is completely unbiased. Try your luck with our lottery games.
Game offerings
Online slot games
We provide you with a wide range of online slot games in Cameroon, including, wild safari, Princess of the Deep, Diamonds Deluxe, Arctic Wolf, Yin Yang, Hot Frozen Fruits, to name a few. Our aim is to provide you with a variety of options that are refreshing and relaxing and can improve your online gaming experience. We offer a high number of free spin games, progressive jackpots, and slot bonus games and are constantly adding more new games to understand the needs of online casino players in Cameroon. Our game designs are intriguing and captivating for user attention which will enhance the user experience by many folds.
Live casino games
We have a wide variety of online casino games in Cameroon like American Roulette, Dragon Tiger, Baccarat, Caribbean Poker, MultiHand BlackJack Poker, Heads and Tails, etc. We focus on providing you with the best gaming experience online that is fully player-oriented. With our live casino offerings, players across Cameroon will have a better alternative to place bets and play games besides the internet cafe shops.
Online Fish game
Fishing games are one of the highly popular games online which are being welcomed by the online gambling community in Cameroon. Our online fishing games are interactive and come with a variety of user-friendly options. With our easy to navigate interface and attractive visuals, the experience of the game grows by leaps and bounds. The players are sure to have a fun and relaxing time while devouring themselves in the game.
Instant Games Online
CamWinLotto brings a series of instant games to be played online in Cameroon. Be it Tic Tac Toe or Royal poker we have it all. Our range of games caters to the varying needs and demands of our players. With easy to win gambles and engaging visuals, you can be certain of having fun and relaxing times. The instant games as the name suggests are quick plays and instant gambles which keep the player hooked for a long time. With our developing team constantly working on improving and introducing new instant games, our players are surely having a great time. Our game range includes Champ Rally, Lucky Jersey, 777 Casino, Cross n Zero, Treasure hunt, Ball Bash along with other fun games.
Try your luck with our instant games and have leisure time.

Sports betting online in cameroon
CamWinLotto revolutionizes sports betting and online casino in Cameroon. We aim to provide you the safest online gaming experience so that you can enjoy numerous sports at ease. We are proud to say that we also provide better odds in Cameroon in games namely Lottery, Sports Lottery, Chinese Super League, instant games and Sports Betting.
You can also unwind yourself with other games such as online Scratch Card games, Online Lotto, Biggy237, Virtual Horse Racing, Virtual Dog Racing, Virtual Soccer, and more. Occasional rewards and offers crafted by us will make your love for online sports more exciting.
We believe in customer comfort and safety so you can simply pay, play and win while sitting at your comfort place. CamWinLotto.cm is also regulated under the laws of The Gaming Board of Cameroon. The two languages available right now are English and French.
We slowly aim to diversify online betting in Cameroon and our employees are constantly working towards making this dream come true.
Trusted betting site in Cameron
CamWinLotto is one of the most trusted online Casinos in Cameroon. Player confidentiality and data protection are our biggest motto. We provide high-security encrypted payment methods to ensure player safety. Our aim is to provide a 100% hassle-free gaming experience to our players without having them worrying about security. To protect customer data we are constantly updating and scrutinizing our security system. Along with this, we are constantly working on improving our policies and making them more user-friendly, so we can ensure a safer, smoother, and entertaining experience for our users.
Best Online Gambling Cameroon
Considering the number of players and their increasing interaction with the site, we take immense pride in our deliverance and user-friendliness of the interface. Player integrity, credibility, and data security are our key deliverance values. We aim to maintain absolute transparency to ensure a high level of player trustworthiness. The values, rules, and policies of online casino associations are at the core of our working. We also safeguard the welfare and benefits of online gambling in Cameroon so that we can maintain a healthy competitive environment, and can deliver a memorable gambling experience to the players.
Online Betting site for entertainment
On these tiring days, relaxation is a must. We provide a stress-free online gaming experience to our players to relax their mind and body. We have an easy to use and highly responsive user interface to make the user experience smooth so that they can focus on relaxing themselves and enjoying leisure time. Players mostly find online betting, gaming, and gambling a relaxing, entertaining, and exciting experience that can help them relax.
Best Online Lottery in Casino
We bring you an exciting range of lotteries to try your luck in. Our online lottery in Cameroon is engaging and outperforms its competitors. Our game features along with the casino-style gaming experience hold strong pillars for us. We provide an outstanding lottery experience for our players. Our lottery system is entirely dependent on the system and hence is completely unbiased. Try your luck with our lottery games.
Game offerings
Online slot games
We provide you with a wide range of online slot games in Cameroon, including, wild safari, Princess of the Deep, Diamonds Deluxe, Arctic Wolf, Yin Yang, Hot Frozen Fruits, to name a few. Our aim is to provide you with a variety of options that are refreshing and relaxing and can improve your online gaming experience. We offer a high number of free spin games, progressive jackpots, and slot bonus games and are constantly adding more new games to understand the needs of online casino players in Cameroon. Our game designs are intriguing and captivating for user attention which will enhance the user experience by many folds.
Live casino games
We have a wide variety of online casino games in Cameroon like American Roulette, Dragon Tiger, Baccarat, Caribbean Poker, MultiHand BlackJack Poker, Heads and Tails, etc. We focus on providing you with the best gaming experience online that is fully player-oriented. With our live casino offerings, players across Cameroon will have a better alternative to place bets and play games besides the internet cafe shops.
Online Fish game
Fishing games are one of the highly popular games online which are being welcomed by the online gambling community in Cameroon. Our online fishing games are interactive and come with a variety of user-friendly options. With our easy to navigate interface and attractive visuals, the experience of the game grows by leaps and bounds. The players are sure to have a fun and relaxing time while devouring themselves in the game.
Instant Games Online
CamWinLotto brings a series of instant games to be played online in Cameroon. Be it Tic Tac Toe or Royal poker we have it all. Our range of games caters to the varying needs and demands of our players. With easy to win gambles and engaging visuals, you can be certain of having fun and relaxing times. The instant games as the name suggests are quick plays and instant gambles which keep the player hooked for a long time. With our developing team constantly working on improving and introducing new instant games, our players are surely having a great time. Our game range includes Champ Rally, Lucky Jersey, 777 Casino, Cross n Zero, Treasure hunt, Ball Bash along with other fun games.
Try your luck with our instant games and have leisure time.

A slot online, also called a virtual slot machine, is a computerized gambling machine designed for use online. The term "virtual" refers to a distance in time between the console on which the game is played and the slot machine location, and the term "online" refers to the interface with the slot machine. In real life, slot machines are located inside casinos, whereas online slot machines may be operated by a third party, usually a website developer. Online slot machines operate in the same way as their traditional live counterparts. A slot online is similar to the slot machines found in casinos; the main differences occur in the interface and variety of bonuses offered.
Slots are among the oldest casino games, and they remain popular today. At casinos, players can select from a variety of casino games including baccarat, blackjack, slot machines, roulette, video poker, craps and more. In recent years, slots have experienced a resurgence in popularity, and many casinos feature a collection of slot games. Players can find slot online sites that offer information and free slot machine games. Some of these sites feature exclusively slot games, while others feature both progressive slots and bingo.
A slot online allows players to make wagers using real money. Players can wager from one to five or more credits per hand, depending on the site and the game. Players can also use their credit balances to purchase bonus credits, which are applied to gaming bankrolls and used to play future games. Bonuses are not refundable, so they are very valuable to long-term players. Most major casino games have a variety of bonuses, and players can find a slot online that has the variety of casino games that appeal to them.
In addition to earning winnings and raking in the jackpots, slot players may also win "tourist" bonuses. These bonuses are based on how many people visit the casino with a given set amount of time. Some of the slot games that offer tourist bonuses include jackpot games and progressive slot tournaments.
Slots generally pay out more than one hundred credits per square play. There is an upgrade/downgrade structure where the newer machines offer better chances at paying out more credits per line. This means that some machines will pay out more credits per line than older machines. Players should carefully study the payout percentages and payouts of each individual machine in order to determine which machine will be the better overall choice for their slot gaming needs. Playing slot games on a machine with a high payout percentage will provide better chances of payout than playing a machine with a low percentage.
While playing casino games at home has become a popular pastime for many, there is still a strong presence for the more traditional slot machine gambling. Today's slot machines provide an opportunity for people to enjoy playing casino games from the comfort of their own home. For these individuals, playing casino games online gives them better odds of winning big payouts and a more comfortable gaming experience.