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Crypto expert ClayBro analyzes a new P2E presale positioned to capitalize on the resurgent meme coin trend. While the broader… Continue reading Analysts Predict Bullish Trends for Meme Coins, and This P2E Presale is Poised for Major Gains
The post Analysts Predict Bullish Trends for Meme Coins, and This P2E Presale is Poised for Major Gains appeared first on ReadWrite.

Crypto expert ClayBro analyzes a new P2E presale positioned to capitalize on the resurgent meme coin trend.

While the broader market appears sluggish, with some meme coins experiencing price declines, the PlayDoge presale is demonstrating strength, having already secured $5.5 million in funding.

Market sentiment and analyst predictions

In recent weeks, the cryptocurrency market has experienced significant challenges, leaving many retail investors questioning their positions and future opportunities.

Despite the current market pullback, some experts maintain a bullish outlook on the cryptocurrency market, especially for meme coins and emerging projects like PlayDoge.

The Fear and Greed Index, a gauge of investor sentiment, has climbed to 37, indicating a growing sense of fear in the market. Retail investors are hesitant, preferring to avoid the market rather than capitalize on lower prices.

This trend is evident from the significant drop in interest in cryptocurrencies, as indicated by Google search data, which shows the lowest levels since the 2018 bear market.

Despite the bearish sentiment, analysts remain optimistic. They recently suggested that the crypto market is on the verge of another meme coin cycle, indicating that digital asset investors might focus on meme coins for potentially massive returns.

While some may view this as a ploy for engagement, the logic behind it is sound: meme coins have historically provided exponential gains during bullish cycles, unlike more established assets like Bitcoin and Ethereum.

Could PlayDoge become a dominant player in the next meme coin cycle?

During the 2021 bull market, newly created meme coins saw unprecedented growth, with many experiencing 20x, 30x, 50x, and even 100x returns within a short period.

This historical performance suggests that if the market enters another meme coin cycle, projects like PlayDoge could see significant price appreciation.

Source – PlayDoge Twitter

PlayDoge, a promising Play-to-Earn game within the meme coin space, is performing well despite the market downturn.

The project offers staking rewards with an annualized interest rate of 93%, which is expected to decrease as more people stake their tokens.

PlayDoge aims to transcend the typical meme coin status by developing a Tamagotchi-style app where users can care for their Doge, earn cryptocurrency, and engage in various mini-games.

PlayDoge’s roadmap includes the release of its app, the launch of mini-games, community airdrops, and further centralized exchange listings.

The project’s tokenomics are straightforward, and the presale is designed to attract investors by offering incremental price increases.

Investors can purchase PlayDoge (PLAY) using Ethereum, Binance Smart Chain (BNB), USDT, or even credit cards.

The current price offers an attractive entry point at $0.00517 per $PLAY token, potentially significant before the anticipated price surge at launch. To take part in the $PLAY token presale, visit playdoge.io.

Conclusion

Despite current market hurdles, analysts foresee a bright future for meme coins, with PlayDoge potentially at the forefront. The potential for significant gains remains strong, especially as the market anticipates another meme coin boom.

Investors seeking explosive returns should consider meme coins, particularly those with innovative projects like PlayDoge.

PlayDoge stands out as a potential leader in the upcoming gaming token bull run, merging the popularity of meme coins with the addictive nature of play-to-earn games. As retail investors return to the market, the potential for substantial returns on meme coins could resurface.

Considering the PlayDoge presale allows investors to capitalize on the long-term potential of this unique project. The future of meme coins appears promising, and early participation could position you to benefit from the next explosive market cycle.

If you’re interested in the absolute best initial coin offerings (ICOs) of 2024, explore our comprehensive guide featuring the most promising options.

Related

Top Meme Coins to Watch During a Bear Market dogwifhat, PlayDoge, and Pepe Unchained
BILLYs Potential Surge to a Billion-Dollar Market Cap Can This P2E Meme Coin Follow Suit?

The post Analysts Predict Bullish Trends for Meme Coins, and This P2E Presale is Poised for Major Gains appeared first on ReadWrite.

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Assassin’s Creed Shadows continues to drag criticism and summon apologies from Ubisoft. This time, it involves the use of a… Continue reading Assassin’s Creed Shadows makers apologize for use of military flag without permission
The post Assassin’s Creed Shadows makers apologize for use of military flag without permission appeared first on ReadWrite.

Assassin’s Creed Shadows continues to drag criticism and summon apologies from Ubisoft. This time, it involves the use of a flag that belongs to a group of military re-enactors in Japan.

Ubisoft on July 8 apologized (via a post on X) to the group, Sekigahara Teppo-tai, who commemorate the Battle of Sekigahara on Oct. 21, 1600, a pivotal moment in Japan’s feudal history. The flag has been seen in concept art showing the adventure game, which was announced on May 16.

2019年10月27日に鹿児島県の妙円寺詣りの時に撮った写真から切り抜きですがアップさせて頂きます pic.twitter.com/Ccw0g21nHH

— 影山＠関ケ原鉄砲隊 (@matchlock_kage) June 17, 2024

Military re-enactors tend to be a rather conservative lot and Ubisoft was already taking stick from Japanese fans for the ethnicity of the main characters.

Now the French publisher has to apologize for something it’s been accused of before, which is using art that developers find on the Internet and don’t have the rights to.

Sekigahara Teppo-tai confirmed on X that Ubisoft had apologized. While their flag won’t be used going forward, Ubisoft said there are instances that aren’t possible to eliminate or replace, such as an art book that will be sold with a premium edition of the game.

Assassin’s Creed Shadows will launch Nov. 15, 2024 for PC, PlayStation 4, and Xbox Series X.

The post Assassin’s Creed Shadows makers apologize for use of military flag without permission appeared first on ReadWrite.

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Since Once Human has a server system, allowing you to hop onto whichever you like, many are posing the question… Continue reading Once Human server transfer: Can you have the same character on multiple servers?
The post Once Human server transfer: Can you have the same character on multiple servers? appeared first on ReadWrite.

Since Once Human has a server system, allowing you to hop onto whichever you like, many are posing the question of if you can take your character with you if you switch.

We’ll break down the server system here for you, explaining if you’re able to transfer what you’ve created on one over to another, or if you’re stuck with your initial pick.

Let’s get into the details.

Does Once Human have server transfer?

As you’re able to select servers in Once Human depending on your preference of PvE or PvP, will you be able to freely switch between or is your character locked in?

Well, sadly, you cannot carry your character over from server to server, they are locked into the first one that you picked.

This is a little unfortunate since you’ll have to stick to that server even if your friends are on a completely different one to you.

The official word from the developers is that “Currently, players are not able to transfer account data from one server to another”, and “you will have to create a new character and restart the game from scratch”.

However, one glimmer of hope here is that they also use the word “currently” implying that this could change later down the line, maybe in a future update just like controller support.

Additionally, if you do choose to go into another server and find out it just isn’t for you, you’re able to go back to that initial server you were playing on, and all of your “old account data will still be retained”.

This means all of those hours you did put in will not go to waste and you can just return like nothing has happened.

Other Once Human guides you may like

Once Human system requirements
Once Human pre-registration rewards
Once Human crossplay explained
Once Human PvP explained

The post Once Human server transfer: Can you have the same character on multiple servers? appeared first on ReadWrite.

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Darkest Dungeon 2 has been out in some shape or form since 2021, continuing the roguelike RPG franchise but it’s… Continue reading Darkest Dungeon 2: console release date, game modes, and more
The post Darkest Dungeon 2: console release date, game modes, and more appeared first on ReadWrite.

Darkest Dungeon 2 has been out in some shape or form since 2021, continuing the roguelike RPG franchise but it’s soon coming to consoles.

Developed and published by Red Hook Studios, Darkest Dungeon 2 is the sequel to Darkest Dungeon. The game features multiple characters, each with their unique strengths and abilities that can help players advance. Players can emphasize certain traits by equipping these characters with specialist trinkets and combat items.

The world is navigated using a stagecoach, with the ultimate goal being reaching a mountain. An evil force has taken over the in-game world and is based at the mountain but before the player can reach it, they must explore and overcome different obstacles along the way.

Many of these are centered around turn-based combat, where heroes must be positioned just right to maximize the use of their skills. Some cannot be used when they are standing in the wrong spot.

With a score of 81 on game review aggregation site Metacritic (compared to the original game’s 84), the sequel has gone down pretty well among fans. What’s more, it appears that the game is already laying the groundwork for a third game, with a final call at the end of the game that Eldritch forces are still at work and could need to be bested once more.

For now though, here’s a look at when Darkest Dungeon 2 first came out and the details of the highly-anticipated wider release that’s on the way.

When is the Darkest Dungeon 2 release date?

Darkest Dungeon 2 was first released in October 2021 in its early access form for Windows. Since then, the full version of the game was released on May 8, 2023 for via both the Epic Games Store and Steam.

However, there are plans to expand availability to other consoles beyond PC in the near future.

Darkest Dungeon 2 Switch, Xbox, and PlayStation release dates

Specifically, a wider release for Nintendo Switch, PlayStation 4, PlayStation 5, Xbox One, and Xbox Series X/S is scheduled for July 15, 2024. This will be the first time that Darkest Dungeon 2 will be available outside of PC gaming.

What is Darkest Dungeon 2: Kingdoms?

While the main story of Darkest Dungeon 2 is already available for PC gaming, a fresh update is planned for later in 2024. Titled ‘Kingdoms’, the extra content introduces a new campaign and three enemy factions, known as the Coven, the Beastmen, and the Crimson Couriers. Director Chris Bourassa told PC Gamer that the update will “blend some of the permanence and roster management of the original Darkest Dungeon with the traversal and combat of Darkest Dungeon 2”.

The update is entirely free and appears to be geared towards long-term fans of Darkest Dungeon, reintroducing specific gameplay features from the original game. While players will still travel through the in-game world as in the Confessions storyline of Darkest Dungeon 2, the main focus will reportedly be on collecting resources that can be used to upgrade heroes’ skills and bolster the defenses of inns, which act as checkpoints to progress through the game.

Heroes will still be gone for good if they die, as in the main game, but your stagecoach is still there to carry around a party of heroes to liberate the inns under siege. You can see an early look at what Kingdoms are involved in the trailer below.

Darkest Dungeon 1 vs 2

With the two Darkest Dungeon games being quite distinct from one another, they have their own unique identities. While the first game was centered around the characters and developing their skills for combat, the sequel takes the opportunity to expand the lore of the in-game world.

There are, of course, also some technical updates, with improved graphics, more complicated (and therefore versatile) combat, and a rogue-like style that offers more possibilities for replaying the game.

In some ways, Darkest Dungeon 2 took the best parts of the first game (specifically the combat and style) and improved on them. This is most keenly felt in the Kingdoms update, which brings the game closer to the first in the series.

Where to find Darkest Dungeon 2 mods

As with any popular PC game that’s been out for over a week, there are plenty of mods to help fine-tune your Darkest Dungeon experience. Some of the most popular ones on Nexus Mods are a good place to start if you haven’t already, offering the options for more trinket slots, sellable items, or equipping all skills at once.

If you want a slightly easier start in the game, there are also mods you can equip to start your game with increased space or a number of Mastery Points. This is also a popular option for people on a replay, as it means there’s less pressure to grind early on, if you can get a leg up using the Mastery Points mods.

Featured image: Red Hook Studios

The post Darkest Dungeon 2: console release date, game modes, and more appeared first on ReadWrite.

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Once Human brings more survival action we all know and love and this time, it’s in a full open world… Continue reading Once Human controller support explained: Is it available on launch?
The post Once Human controller support explained: Is it available on launch? appeared first on ReadWrite.

Once Human brings more survival action we all know and love and this time, it’s in a full open world environment.

Since the game is on both PC and mobile but not console, controller lovers are wanting to know if they’ll be able to get stuck in with their preferred input method.

Here, we’ll explain everything we know on the Once Human controller support, hopefully providing a definitive answer on whether you’ll be able to use it or not.

Can you play Once Human with a controller?

Previously, in the Once Human betas, there was no ‘official’ controller support for the game, only via adding it as a non-Steam game and creating a workaround.

This meant that you could technically still play the game with a controller but instead of being native inputs, Steam basically emulates the key presses on keyboard in relation to the button presses on your controller.

However, with the full game launching, it appears that full controller support may have been on the cards.

This news came from the official Once Human X account which replied to a question on whether players will be able to dive in, controller in hand.

The question from user Seething Smiles was simply “Will controller support be ready at launch” which received a reply of it will be “available at the release”.

These will be available at the release.

— Once Human (@OnceHuman_) July 3, 2024

This meant that you should have be able to simply plug in and play when Once Human 1.0 dropped without having to go through any bypass systems. But, there has been a spanner thrown into the works.

Again via the Once Human X account, a reply has been posted once more stating that controller support just isn’t ready for launch due to “technical adjustments” but the “development team is actively working on changes”.

Due to technical adjustments, the release version will not support controllers and Steam Deck. Our development team is actively working on changes to bring controller support as soon as possible.

— Once Human (@OnceHuman_) July 8, 2024

This is a little disheartening for those wanting to get into the game via controller right away but we expect an update to change things pretty rapidly.

Other Once Human guides you may like

Once Human system requirements
Once Human pre-registration rewards
Once Human crossplay explained
Once Human PvP explained

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As the crypto market takes a tumble, meme coins are taking a beating. But Pepe Unchained is bucking the trend.… Continue reading New Pepe Alternative Surges in Presale, Nearing $3 Million Despite Bearish Market
The post New Pepe Alternative Surges in Presale, Nearing $3 Million Despite Bearish Market appeared first on ReadWrite.

As the crypto market takes a tumble, meme coins are taking a beating. But Pepe Unchained is bucking the trend.

Its successful presale, nearing $3 million, shows investor confidence in its potential to replace the original Pepe (PEPE). Could $PEPU be the meme coin to rewrite history?

Pepe Unchained presale soars despite meme coin slump

Pepe Unchained has raised over $2.9 million, with approximately 3.5% left to be raised before the next price increase.

With its ticker symbol $PEPU, Pepe Unchained represents a novel approach to blockchain technology.

Developed as a layer 2 solution on the Ethereum network, $PEPU aims to cater specifically to meme coins and their unique requirements.

This initiative has caught the attention of investors and enthusiasts alike due to its pioneering concept—creating a blockchain infrastructure tailored explicitly for memes.

Central to $PEPU’s appeal is its promise of enhanced speed, security, and cost-efficiency. By leveraging a layer 2 architecture, $PEPU facilitates near-instant transactions with significantly lower fees compared to traditional Ethereum transactions.

This scalability advantage allows Pepe Unchained to handle higher transaction volumes, potentially alleviating congestion issues often faced by popular meme coins.

Power Up Notice!

Pepe is about to bring something big 🐸💪 pic.twitter.com/aBwy1zgBZM

— Pepe Unchained (@pepe_unchained) July 8, 2024

Moreover, Pepe Unchained introduces a dedicated blockchain explorer, similar to Etherscan for Ethereum or Solscan for Solana.

This tool will provide users with transparency and accessibility, allowing them to monitor transactions and explore the blockchain’s functionality—a crucial feature for a project targeting widespread adoption among meme creators and communities.”

$PEPU fuels the community with early staking and high yields

Beyond its technical prowess, Pepe Unchained is set to engage its community through innovative staking opportunities. In a move uncommon for projects at this early stage, Pepe Unchained offers a staking protocol that allows users to stake their tokens immediately upon purchase.

This feature not only incentivizes early adoption but also promises substantial rewards, with current staking yields reaching up to 651% annually—a testament to Pepe Unchained’s commitment to rewarding its supporters.

With a solid foundation and strategic branding efforts, Pepe Unchained has garnered attention from major cryptocurrency platforms and media outlets.

Featured on prominent sites like Bitcoin.com, CoinMarketCap, Cryptonews, and many more, Pepe Unchained is positioning itself as a frontrunner in the meme coin revolution.

This exposure not only enhances its credibility but also underscores its potential to achieve a significant market cap, which is crucial for hosting and nurturing a thriving ecosystem of meme coins. To take part in the $PEPU token presale, visit pepeunchained.com.

Conclusion

As the cryptocurrency market continues to expand, projects like Pepe Unchained highlight the industry’s capacity for innovation and adaptation.

By introducing a dedicated blockchain for memes, Pepe Unchained not only addresses existing challenges but also paves the way for a new era of meme coin development and adoption.

With its presale underway and enthusiastic community support, $PEPU appears poised to make a substantial impact in the cryptocurrency landscape.

For those interested in exploring Pepe Unchained further, including audits, the whitepaper, and the latest updates, visit their official website.

With its bold vision and robust execution, Pepe Unchained stands ready to usher in a new golden age for meme coins—one where Pepe reigns supreme in its blockchain kingdom.

If you’re interested in the absolute best initial coin offerings (ICOs) of 2024, explore our comprehensive guide featuring the most promising options.

Related

Top Meme Coins to Watch During a Bear Market – dogwifhat, PlayDoge, and Pepe Unchained
Pepe Unchained Presale Raises Over $2 Million Despite Market Slump – Could This Be the Next 10x Crypto?

The post New Pepe Alternative Surges in Presale, Nearing $3 Million Despite Bearish Market appeared first on ReadWrite.

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The hardcore sim racing genre has been the stomping grounds of Assetto Corsa, Project Cars (up to PC2, not counting… Continue reading Rennsport – everything we know about the new Unreal Engine 5 sim racer – release date, how to play the beta, free cars and more
The post Rennsport – everything we know about the new Unreal Engine 5 sim racer – release date, how to play the beta, free cars and more appeared first on ReadWrite.

The hardcore sim racing genre has been the stomping grounds of Assetto Corsa, Project Cars (up to PC2, not counting PC3 as that would be heresy), iRacing, and rFactor2. Seeming being polished in the background for what seems like an age is Rennsport the photo-realistic racing simulation, which has suddenly shot through a closed beta and is set to hit the Epic Game Store tomorrow (10th July) in Open Beta and will be free for everybody to try out.

Rennsport has had a bit of controversy around some of its technology of late, even so far as one of its rivals calling it out for using its technology without permission. Exciting times, this is just like real motor racing with everybody accusing each other of dirty tricks.

Regardless, Rennsport will be downloadable and playable and the devs – German studio Competition Company and Polish Studio Teyron have just come forward to explain how monetization is going to work in the game they have been slaving over. So let’s compartmentalize what we know at this stage

When is Rennsport coming out?

Although there is no date for a full release, the Open Beta can be played from July 10th by downloading it from the Epic Game Store and creating a Rennsport account. This open beta will form the final stages of testing before the game goes into Early Access and gets a Steam release alongside the Epic one.

What have the Rennsport developers said?

In a new blog post, the devs have highlighted their vision for the game as it heads toward Early Access saying:

“As we plan to run Rennsport for many years, our intention is to provide our drivers with a fully free-to-play experience. We want to bring Rennsport and the thrill of racing to everyone without any upfront costs. You can get in and start racing right away without spending money.

Importantly, most tracks will be free. That said, we will introduce some premium tracks for purchase from time to time. We want everyone to experience the best racing environments, but creating top-notch tracks takes a lot of time and resources. So, by offering premium tracks, we can make sure we keep delivering the best content for you.

Cars are a similar story. All our cars are licensed and based on real life data we get from our OEM partners. You’ll still be able to get a free GT3 with your account, and we’ll have rotating free to drive cars, but we will also offer you the option to purchase cars and record your very own history on them.”

Rennsport feature list from the horse’s mouth

It is the photo-realistic racing simulation offering the highest forms of multiplayer competition. It is where gamers, drivers, pro athletes, modders, and car enthusiasts come together to drive, live, and share their passion for racing and special cars.
Race the most competitive cars in the world on real-life motorsport tracks, laser-scanned with immense detail, and get a taste of the extraordinary places waiting to be explored. Build your legacy with your own collection of unique cars, custom tracks, and much more.
RENNSPORT is car culture designed for the future and it will evolve together with the community for years to come, on the racetrack and beyond… Together, we strive to push the boundaries of tomorrow.

We will be covering Rennsport extensively over the coming weeks starting with the Open Beta, so make sure you check back.

The post Rennsport – everything we know about the new Unreal Engine 5 sim racer – release date, how to play the beta, free cars and more appeared first on ReadWrite.

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Taking notes has evolved beyond traditional pen and paper. With the upsurge of smartphones and digital gadgets, capturing information in… Continue reading How Do I Convert a Picture to PDF Notes?
The post How Do I Convert a Picture to PDF Notes? appeared first on ReadWrite.

Taking notes has evolved beyond traditional pen and paper. With the upsurge of smartphones and digital gadgets, capturing information in various formats has become commonplace. One popular method is converting pictures to PDF notes, which offers convenience, accessibility, and organization. 

Whether digitizing handwritten notes, saving diagrams, or archiving important documents, converting JPG to PDF online provides a versatile solution for storing and sharing information. 

This article explores converting pictures to PDF notes and the tools and techniques to streamline this workflow, enabling you to effortlessly create comprehensive and portable digital notes.

Online Image to PDF Converter

Converting a picture to PDF format can be done using various methods. One convenient option is utilizing an online JPG to PDF converter. These web-based tools allow you to upload JPEG, PNG, or other image files and convert them into PDF documents quickly and easily. With a few clicks, you can select the images you want to convert, adjust settings such as page orientation and size, and download the resulting PDF file to your device. Additionally, many online converters offer batch processing capabilities, letting you convert multiple images into a single PDF document efficiently.

Desktop Software for Image-to-PDF Conversion

For users who prefer offline solutions or who require advanced features, desktop software provides a robust alternative for converting images to PDF format. Numerous software applications specialize in document conversion, offering various features such as batch processing, Optical Character Recognition capabilities, and customization options for output PDF files. These applications typically provide a user-friendly interface where you can easily drag and drop images, adjust settings, and initiate conversion. Moreover, desktop software often allows for greater control over PDF documents’ output quality and formatting, enabling users to tailor the outcomes to their specific requirements.

Mobile Apps for On-the-Go Conversion

Mobile devices are ubiquitous and having the ability to convert JPG to PDF notes on the go is highly beneficial. Many mobile applications are obtainable for iOS and Android gadgets, specializing in image-to-PDF conversion. These apps offer intuitive interfaces optimized for touchscreen interaction, allowing users to capture images using their camera or import existing photos from the gallery. With cropping, resizing, and annotation tools, mobile apps enable users to customize their PDF notes directly within the app before saving or sharing them. Additionally, cloud integration features allow for seamless synchronization across multiple devices, ensuring that your digital notes are always accessible whenever and wherever you need them.

Steps to Convert Pictures to PDF Notes

Choose a Conversion Platform: Decide whether you prefer an online service, desktop software, or a mobile app based on your needs and the features you require.

Prepare the Images: Ensure the pictures are of high quality—clear, well-lit, and free from distortions. This step is crucial for maintaining the integrity of the information when converted to PDF.

Upload or Import Images: For online converters, upload your images directly to the platform. If using desktop software or a mobile app, import the pictures from your device.

Adjust Settings: Set your preferences for the PDF output, such as page orientation, size, and resolution. This customization is vital for ensuring the documents meet your requirements.

Convert and Download: Initiate the conversion process. Once complete, download the PDF file to your device or save it directly if using a mobile app.

Organize and Annotate: Group related images and add annotations, captions, or titles for clarity and better organization of your PDF notes.

Backup and Sync: Regularly backup your PDF files to avoid data loss. Utilize cloud storage for syncing across devices, ensuring access to your notes from anywhere.

In conclusion, converting JPG to PDF notes offers a convenient and versatile solution for capturing, storing, and sharing information in a digital format. Whether you prefer online converters for quick and easy conversion, desktop software for advanced features and customization options, or mobile apps for on-the-go convenience, various tools suit your needs. By following best practices and leveraging the capabilities of these tools, you can create comprehensive and portable digital notes that enhance productivity and organization in both personal and professional contexts.

The post How Do I Convert a Picture to PDF Notes? appeared first on ReadWrite.

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What are pokies? Simply put, it’s another term for slot machines. As one of the most popular methods of online… Continue reading What are Pokies? – The Latest Guide to How Pokies Work in Australia
The post What are Pokies? – The Latest Guide to How Pokies Work in Australia appeared first on ReadWrite.

What are pokies? Simply put, it’s another term for slot machines. As one of the most popular methods of online gambling, online pokie machines come in various forms. For example, you’ll find classic 3-reel games and progressive jackpots.

Each comes with its own theme, features, and bonus rounds designed to enhance your overall experience. Let’s take a closer look at everything you need to know about these games in Australia.

Examples of Online Pokie Machines

The first ever three-reel slot played with a handle that spins reels and delivers automatic payouts was invented by Charles August Fey in 1895.

Today, you can expect to find a handful of different types video pokies at online casinos in Australia. Before we dive into how to play pokies in Australia and how they work, let’s take a look at the the three main types found online.

How Pokies Work

A range of technologies are needed to operate online pokie machines. Understanding how pokies work is important before you start playing. Here we explain what you need to know.

Pokies Features

When trying to understand the answer to “What are pokies?”, we must look at their features in more detail. Pokies come with a range of features to keep players entertained, with these being the most common:

Paylines

Paylines run across the reels of video pokies. If you’re curious about how to win on pokie machines Australia, you should note that in order to achieve a payout, you must match symbols on these lines. Most pokies feature multiple paylines, with some reaching as high as 100,000+. These are the different types of paylines you can expect to find.

RTP & Volatility Explained

It is worth noting the RTP before playing pokies. The RTP is written as a percentage. It shows you the amount a pokie will repay in the long term. Most pokies have an RTP of 95%. With a 95% RTP pokie, the machine will pay out $95 for every $100 bet over time. Volatility refers to the level of risk when playing Aussie online pokies. High volatility slots deliver higher, less frequent wins. Low volatility pokies offer smaller, more frequent payouts.

How to Calculate the House Edge of Online Pokies

Understanding the house edge will make it easier to grasp your chances of winning pokies. However, the house edge differs between pokies. This means that you will need to do some calculations yourself.

Before you can work out how to win pokies, you must find the RTP. Let’s say a pokie you are interested in playing has a 96% RTP. This would make the house edge 4%. The house edge can range anywhere from 1% to 12%.

More Useful Gambling Guides on ReadWrite

This “What are Pokies?” guide is just one of many written by our gambling experts. To get a better understanding of online gambling in Australia as a whole, we recommend checking out the following articles.

Our Final Thoughts

Winning on pokies is something that many in Australia dream of. Pokies are simple to learn and come in many formats. Whether it be 3 reel pokies, jackpot, or classic variants, iGaming providers are constantly releasing new games.

These games can be enjoyed on numerous safe and secure casinos, however, CashWin is our favourite. Here, you can find 4,000+ games, most of which are pokies. You can claim bonuses on your opening four deposits after signing up. There are also free spins, weekly rewards, and mystery drops to look forward to, all of which could increase your chances of winning on pokies.

FAQ

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Understanding the underlying math and its key components, such as probability, statistics, and expected value, is key to successful betting.… Continue reading Kelly Betting –  How It Works and the Kelly Criterion Explained
The post Kelly Betting –  How It Works and the Kelly Criterion Explained appeared first on ReadWrite.

Understanding the underlying math and its key components, such as probability, statistics, and expected value, is key to successful betting. That’s where betting strategies come into play, starting with the Kelly betting formula, aka the “scientific betting formula.”

Kelly Criterion gives you a roadmap to maximizing profits based on your bankroll and the value of your wagers in terms of edge and probability. This guide gives you a detailed explanation of the Kelly Criterion formula, examples of it, and instructions on how to use and modify it to make it work for your betting style.

What is Kelly Betting?

Kelly Betting, or Kelly Criterion, is a mathematical formula developed by John L. Kelly Jr., a researcher at Bell Labs, that is used to determine the optimal size of bets to maximize long-term profits. In math terms, the formula stems from the concept of the expected logarithm of the return and should lead to the expected geometric rate of growth.

Essentially, this approach prioritizes the long-term growth of your bankroll over short-term gains, making it a robust strategy for consistent returns like no other. Unlike most other formulas, which were either developed for the stock market or other goals, the Kelly Criterion was first used for betting on horse racing in the 50s and then throughout the entire sports betting industry.

The core of this betting term is the Kelly Criterion formula:

𝑓∗=(𝑏𝑝−𝑞)/𝑏

Where:

𝑓∗ is the fraction of the bankroll to bet.
𝑏 is the odds received on the bet (decimal odds minus 1).
𝑝 is the probability of winning.
𝑞 is the probability of losing (1 – p).

With this formula, you can determine the proportion of your bankroll to wager on a particular bet to maximize your long-term growth of the bankroll.

How Does Kelly Betting Work?

Calculating the implied probability of the bet is an integral part of the Kelly criterion betting strategy since it defines the value of 𝑝. Getting this value requires careful analysis and often involves statistical models or historical data. Once you get the probability, you can go ahead and identify the odds.

The only issue here is that you need to convert these odds into decimal form and subtract 1 to get the value of 𝑏, which can be tricky if you are playing in US-oriented offshore sportsbooks where the American odds reign supreme.

For example, if the American odds are +150 when you convert them to decimal odds, you get 2.5 for the formula. When you subtract 1 from these, the value of 𝑏 would be 1.5.

Next up is calculate the Kelly fraction (f). Plug in the values of 𝑝 and 𝑏, and you’ll get the optimal fraction of the bankroll you need to stake. Finally, all you have to do is place a wager using the calculated fraction of your bankroll.

The Kelly Criterion Formula Explained

As we have already seen, the Kelly betting system draws its strength from a mathematical formula. It all starts with the expected value of the logarithm of wealth. In that logarithm, the initial bankroll is 𝑊, and you bet a fraction 𝑓 of your bankroll. After the bet, your bankroll can either increase to 𝑊(1+𝑏𝑓) if you win or decrease to 𝑊(1−𝑓) should you lose.

The expected logarithm of wealth is then: 𝐸[log(𝑊𝑛𝑒𝑤)]=𝑝log(𝑊(1+𝑏𝑓))+𝑞log(𝑊(1−𝑓))

The components of the equation are as follows:

 𝑝 is the probability of winning
𝑞 is the probability of losing (1 – p)
𝑏 stands for the odds received on the bet (decimal odds minus 1)

Now, we need to find the value of 𝑓 that maximizes 𝐸[log(𝑊𝑛𝑒𝑤) using the derivative of the expected logarithm of wealth/bankroll concerning 𝑓. By setting the derivative to zero for optimal results, we get the final formula:

𝑓∗=(𝑏𝑝−𝑞)/𝑏

Let’s introduce a practical example to illustrate the Kelly Criterion in action. Suppose you have a bankroll of $1,000, and considering a bet on the Chiefs taking down the 49ers with decimal odds of 3.00 (+200). These odds imply a potential profit of $2 for every $1 bet. If you estimate the probability of winning this bet at 50%, despite the implied probability stating 33%, that would be a good chance to use the formula. The calculation for the Kelly Criterion in football bets like these would be as follows:

𝑓∗=((2×0.50)−0.50))/2=(1−0.50)/2=0.50/2=0.25

According to the Kelly staking plan, you should wager 25% of your bankroll, or $250, on this bet. If you decide to bet more than 25% of your bankroll, you’ll be taking on way too much risk. If you go under that threshold, you won’t be taking full advantage of the edge.

Examples of Kelly Criterion Betting and Kelly Bets

The Kelly bet sizing strategy is best seen through actual examples. Say we want to make a parlay bet on two NFL games: the Green Bay Packers and the Kansas City Chiefs both winning against the Los Angeles Rams and San Francisco 49ers, respectively. The bookmaker offers combined decimal odds of 4.00 (+300) for the parlay. You estimate the probability of both events happening at 30% rather than the 25% implied probability.

Using the Kelly calculator with the following information:

Odds (b): Decimal odds are 4.00, so 𝑏 = 4.00−1=3.00
Probability of Winning (p): 0.30
Probability of Losing (q): 1 – 0.30 = 0.70

f ∗ = (3.00×0.30−0.70)/3.00 = (0.90−0.70)/3.00 = 3.00/0.20 =0.0667

We should wager 6.67% of your bankroll or $66.70 of our $1,000 balance on that parlay bet.

On the other hand, the Kelly criterion sports betting formula can also tell us if the bet is not worthy enough.

For example, you want to bet on an NBA game between the Los Angeles Lakers and the Golden State Warriors. The bookmaker offers the Lakers at  -110, meaning the probability there is 52.5%. However, you think that LeBron James and Bronny James, his son, will be a killer duo in that one, and you estimate the probability of the Lakers winning is at 55%.

Using the Kelly formula, you get the following values:

f∗= 0.80×0.55−0.45/0.80=(0.44−0.45)/0.80=−0.01/0.80=−0.0125

A negative value indicates that the bet is unfavorable according to the Kelly ratio and should be avoided or we should go with a little less aggressive alternative — the Partial Kelly or the Quarter Kelly.

Partial Kelly and Quarter Kelly

The Partial Kelly is a common variation of the Kelly Criterion where the aim is to reduce variance by lowering the bet size, usually dividing it by 2.

It is used primarily because the full Kelly can be difficult to sustain in regards to the bankroll. In a student journal of The Wharton School of the University of Pennsylvania, Philadelphia dubbed An Investigation of Sports Betting Selection and Sizing, the theory was tested, and even though it proved unsuccessful, meaning the bankroll was exhausted in the end, still, the ruin of the bankroll came at a later stage than when going with the full Kelly.

There is an even more cautious Kelly criterion example, known as the Quarter Kelly. The Quarter Kelly lowers the risk even further since you’ll be betting just a quarter of what the full Kelly has suggested. In fact, the team of the Wharton School of the University of Pennsylvania recorded a profit of $40,374 over 10,275 bets, and the profits grew faster as they lowered the betting coefficients.

This is not the first time a similar test took place. In 1994, Edward O. Thorp, an American mathematician and professor, tested the Kelly Criterion and recorded his findings in a scientific paper, which is also one of the reasons why this is regarded as a scientific approach to sports betting.

Kelly Criterion Pros and Cons

The Kelly Criterion formula has its clear advantages but doesn’t come without risks. Let’s take a look at its pros and cons.

Is Kelly Criterion Sports Betting Legal?

The Kelly strategy is a completely legal betting strategy. Although online betting sites, especially new bookmakers, may frown on its usage since it could bring players additional security and more prudent betting patterns, there is nothing about the formula or the Kelly Calculator that makes it illegal.

In fact, the operators don’t even have to know you are using the Kelly strategy. How you manage your bankroll is your business and your business solely. However, note that should the bookies notice that you’ve been constantly increasing your bankroll, they may flag your account and reduce your betting limits. Bookies are known to limit those who are on a roll, which is why you should be careful about using the method too much.

The Fundamentals of the Kelly Criterion

The scientific and systematic approach to the method is what makes the Kelly Criterion a worthy strategy. It helps you determine the optimal portion of your bankroll to wager on a given bet, based on the probability of winning and the odds offered. This way, you ensure that you have enough bankroll to keep betting and hopefully turn the tide if things go south.

The accuracy of your probability estimates is crucial in leveraging the formula and strategy. You need to use predictive models and algorithms to enhance the accuracy of your probability assessments and find those value bets. Look for instances where you believe the bookmaker’s odds undervalue a team’s chances. This is where the Kelly Criterion can be particularly effective.

On the other hand, Kelly betting can be tricky for sports betting as it is such a dynamic environment, especially live betting. You can adapt it for in-play betting, but you’ll have to continuously update probability estimates based on the line movements, and that can be too difficult to trace.

The formula can also be used on casino games, and with potentially greater success. Namely, new online casinos offer games with fixed odds and probabilities, so there won’t be many adjustments. Also, with casino gaming, the emotional element and the media hype are not as potent as it is when it comes to sports betting.

Tips for Kelly Sports Betting

No betting strategy is foolproof, including Kelly Criterion. However, here are some tips that sports bettors can use to get the most out of it.

Estimate the probability accurately — Analyze historical data, team performance, player statistics, and other relevant factors using statistical models or algorithms to try and predict the outcome with more accuracy.
Begin with fractional Kelly — While full Kelly Criterion wagering can maximize long-term growth, it can also lead to high volatility. Opting for a Half Kelly or a Quarter Kelly can decrease the risk and help you stay in the game longer.
Retain consistency in your approach — Either with the chosen fraction or the bet size, you should stick to it and maintain discipline. Try not to succumb to the media hype or the odds movement if you believe you’ve found value in a bet.
Keep records of your Kelly Criterion bets — Keep detailed records of your bets, including amounts, odds, outcomes, and the rationale behind each bet. This helps you track performance and adjust your strategy as needed.
Use sports welcome bonuses to fund your Kelly Criterion wagers — You can test the Kelly formula by using sportsbook bonuses. This way, you’ll minimize the risk and check out the method to see if it really works or not.

Alternatives to Kelly Betting

Kelly betting is not the only sports betting strategy out there. Bettors also frequently opt for the Martingale system where they double the bet size after each loss, or the Fibonacci betting system based on the Fibonacci sequence.

The Labouchere system is a negative progression betting system where you increase the stake with every consecutive loss until you recover the balance with a win. There’s also the Paroli betting system, frequently labeled as safer than the Martingale system.

The most important point is to find the betting method that best suits your bankroll and betting style.

Kelly Betting FAQs

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