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

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

Why it matters

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

Capital and position sizing

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

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

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

How to use stop losses sensibly

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

Picking a clear level

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

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

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

Coming up in part II

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

Coming up in part III

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

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Isla Volcán Del Diablo is a fantasy course based on the real-life island of Aogashima.
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Located off the coast of Peru the mystical island’s last volcanic eruption was around 3,500 years ago. Undiscovered until 1528 by the Spanish explorer Diego de Almagro, who named the island ‘Isla Volcán Del Diablo’ after the impenetrable cliffs and sulphurous odour. After weeks of exploration several artefacts were identified as Incan, a settlement used as a place of ceremony and believed to be haunted by the fabled tales handed down over time.
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In 2015 an audacious project was launched to build an all-inclusive casino resort and golf course. Five years later a 5-star resort and casino complex is now open for business. Guests can arrive by boat and take the 600 foot elevator to the resort level or fly the 110 miles by helicopter from the international airport of Lima.
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The resort has two resort towers and a 275,000 square foot pool surrounded by tropical huts and lush gardens. Guests can relax by the pool where they can enjoy their welcome complimentary cocktail, while their bags are taken to their room.
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Meals are served in the veranda bar located over the pool where happy our is a generous 2pm until 7pm to enjoy the sunset setting against the island’s dormant volcano.
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For those guests looking for a little more privacy there is a stadium section with private villas, many with their own pools. All villas overlook the 18th hole and is modelled on the Bali National signature 17th hole.
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All guests have access to the casino that is based on the top floor of tower 1 with breath-taking 360 degree views over the island and out to the pacific ocean.
An eighteen hole championship golf course takes in the natural contours of the island working it’s way up to the ridge line including the adventurous fourth hole taking in central caldera with a 239 foot drop to the green below.
3 tee boxes, Championship tees (blue), Members tees (white) and guests tees (red) with four pin positions depending on the competition on the day. Pin 1, standard locations, Pin 2, a challenge set, Pin 3, championship pins, Pin location 4, the greenskeeper was drinking that morning, play if you dare…
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Course Description
Hole 1: Par 4 Championship: 390yds Members: 373yds Guests: 346yds
A gentle uphill dogleg right to start the round will get us underway. A long iron for the second shot to a generous 2 tier green guarded by two bunkers.
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https://preview.redd.it/h2zm6nlodlq51.jpg?width=1920&format=pjpg&auto=webp&s=3f8524f758496a79ddb62f4792fe2177fa1f1f0d
Hole 2: Par 5 Championship: 617yds Members: 607yds Guests: 590yds
A true test of 3 shots. This par 5 plays it’s full length into the prevailing wind. Split fairway requires a well-placed drive to give yourself a full second around the dogleg right into a left to right sloping fairway. Another generous two-tier raised green with a large bunker on the left and two on the right.
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Hole 3: Par 4 Championship: 372yds Members: 365yds Guests: 358yds
A large fairway bunker guards the middle of this downhill tee shot. Take this into consideration for the mid iron approach to this uphill two-tier green with bunkers front right and back left.
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Hole 4: Par 3 Championship: 143yds Members: 118yds Guests: 118yds
Some may be put off by the fantasy hole that is the par 3 4th. A simple chip shot is all that is required to get the ball dropping 239 feet (xxx metres) onto the green at the centre of this caldera. Even though the volcano isn’t active, there are still remnants of what once was with the bubbling lake. Be careful driving the buggy down into the centre of the volcano. After putting out take a well-earned drink at the canteen.
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Hole 5: Par 4 Championship: 454yds Members: 431yds Guests: 407yds
Styled on the Jack Nicklaus designed Great Waters at Reynolds Lake Oconee’s 11th hole, the three-tier green structure is 170 feet deep which will make for club selection for the second shot very important!
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Hole 6: Par 4 Championship: 426yds Members: 399yds Guests: 378yds
A straight hole down hill with a creek crossing at the landing zone split by a diagonal fairway bunker will place a premium on the drive. An uphill second to a three-tier green. No bunkers, but getting the ball on the correct tier is a must.
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Hole 7: Par 5 Championship: 525yds Members: 513yds Guests: 496yds
Downhill tee shot will again place a premium on accuracy with yet another creek crossing. From there the dogleg right fairway winds its way uphill to a well-protected green with a false front, don’t be short!
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Hole 8: Par 4 Championship: 421yds Members: 406yds Guests: 388yds
Driving up to the top ridge line you will be faced with a daunting tee shot protected by two fairway bunkers and a cliff drop of over 600 feet into the ocean below. A short iron into a large three‑tier green protected by a large front bunker and another back right.
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Hole 9: Par 3 Championship: 191yds Members: 167yds Guests: 150yds
A dramatic 100 foot drop to the small right to left sloping green will require a well-crafted tee shot. Protected by bunkers left, back right and right across the front you will do well to walk off with a par.
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Hole 10: Par 4 Championship: 374yds Members: 364yds Guests: 353yds
A straightaway downhill par 4 protected by a creek across the front of the green. Only the brave (or the wet) will take driver here, leaving a small chipshot onto a tight green with bunkers front right and behind. A good chance for a birdie.
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Hole 11: Par 4 Championship: 382yds Members: 358yds Guests: 340yds
Slicers paradise! This drive will reward those that can hit a left to right slicing ball. Don’t get greedy or the fairway bunkers will come into play. The hole plays downhill off the tee to a tight green surrounded by pot bunkers.
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Hole 12: Par 5 Championship: 550yds Members: 530yds Guests: 502yds
A risk reward hole that plays a lot longer than it looks, as it’s all uphill. The fairway has a double dogleg left and requires two very good shots before a mid-iron into a two-tier green surrounded by large bunkers.
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Hole 13: Par 4 Championship: 459yds Members: 448yds Guests: 431yds
Another straight downhill par 4 requiring a well-placed tee shot to avoid the fairway bunkers. From there a long iron into a shallow green with plenty of area to miss right if required.
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Hole 14: Par 4 Championship: 406yds Members: 387yds Guests: 359yds
Sulphur lake. The remnants of the volcano are evident here with a minor eruption only 3 years ago killing most of the trees surrounding this hole. After an uphill tee shot a short iron is all that is required to setup a birdie putt. What ever you do don’t go in the water after your ball…
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Hole 15: Par 4 Championship: 386yds Members: 364yds Guests: 341yds
This long uphill par 4 will knock the wind out of your sails. The green sits over 100 feet above the tee boxes. The second shot is to a blind two-tier green with a large bunker protecting the front right complex. You are better off long unless it’s the diabolical pin 4.
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Hole 16: Par 3 Championship: 162yds Members: 152yds Guests: 137yds
Signature hole. This simple par 3 will make or break your round. From the back tee the green sits 46 feet downhill and puts a premium on shot selection. A brave golfer will be pin high looking at a birdie, the foolish golfer will be long and a 600 foot drop to a watery grave. DON’T GO LEFT!
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Hole 17: Par 4 Championship: 506yds Members: 479yds Guests: 452yds
A long downhill dogleg right means aiming a little further left to get the kick off the hill and set yourself up with a short iron into a green that slopes front to back. Take half a club less for your approach.
Hole 18: Par 3 Championship: 167yds Members: 142yds Guests: 119yds
A replica of the 17th hole at Bali National Golf Club this stadium hole sits in the middle of the luxury villas. A short par 3 to an island green and your round is complete.
https://preview.redd.it/a20n4x31elq51.jpg?width=1920&format=pjpg&auto=webp&s=43a1133811975640a18d07f232d717dddeef8629
Time to get back to the resort for a swim, you deserve it!
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Enjoy your round!

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Slotland Casino Review & Free Chip Bonuses
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Reputation of Slotland

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It seems as if the best way that Slotland could improve their software is to add in some more games since there are currently only 61 games in total. This is far below the industry standard, but they more than make up for this deficiency with eye-popping graphics and the fact that you can only find these games on Slotland.

Slot Games at Slotland

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The number of reels that you will find in these slot games ranges from 3-reels to 9-reels. The number of paylines that you will find ranges from 8 paylines to 40 paylines.
Many of these slot games share a progressive jackpot which is also shared with the video poker progressive games. Even the games that are not participating in the progressive jackpot appear to come with a ton of bonus features which keeps the games fun and your potential earnings high. A great example of this would be the Zodiac game which does not have a progressive jackpot but still comes with FOUR bonus features.
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Table Games at Slotland

It is clear that Slotland does not feel that table games are an important part of an online casino since they left them out entirely. Whether they are correct about that or not is undetermined, but they do offer one slot game which has a blackjack mini-game built into it.

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Video Poker Games at Slotland

Video Poker Games Offered: Jacks or Better, Double Bonus Poker, Aces & Eights, Deuces & Joker Wild, All American, Tens or Better, Joker Wild, Jacks or Better Progressive, Wild Heart, Striking 7’s Video Poker Betting Limits: $0.10 to $25 per hand
Video poker games are clearly the second most popular game that you can find on Slotland and nothing else really comes close. While you will find classic video poker games such as Jacks or Better and Double Bonus Poker, you will also find unique games that are tough to find on other casinos such as Wild Heart or Striking 7’s.
One of the most exciting parts of this collection of video poker games is that some of them come with a progressive jackpot attached to them. For example, Striking 7’s and Jacks or Better Progressive currently share a progressive jackpot of over a quarter of a million dollars which can only be won by hitting a natural royal flush while simultaneously betting the maximum amount of $10 per hand.
However, you should be warned that the odds of winning the jackpot are not the same as the odds of hitting a natural royal flush. Considering the fact that you need a natural royal flush to win the jackpot, this means that the game designers altered the odds to make these video poker jackpot games more like slot games, which is why some review sites have chosen to blacklist Slotland.

Specialty Games at Slotland

Keno 101 is the only game you will find on Slotland which is neither a slot game nor a video poker game. This popular lottery-style game simply requires you to pick what numbers you think will be the winners and also comes with a Quick Pick option which will select random numbers for you. You can bet anywhere from $0.50 to $10 per round.

Live Dealer Games at Slotland

Sorry folks, you won’t find any Live Dealer games in the game library of Slotland. If you can’t live without having a human dealer while you play, you can check out our list of highly recommended brick-and-mortar casinos here.
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Mobile Games at Slotland

There is no mobile app available on Slotland, but you can access the casino through your mobile web browser. All you need to do is download Google Chrome or Mozilla Firefox to your phone, visit www.slotland.eu and then log into your account to begin playing.
The devices that you can use to access their website include iPhones, iPads, Android phones, and Wii consoles. We have never seen a Wii console as an option for an online casino so we give them props for being so innovative in this area.
As is the standard for mobile versions of online casinos, you will not be able to access every game that you normally would from a computer. In fact, the only type of games that you can play on your mobile device will be slot games. However, you will still be able to redeem any bonuses from your mobile device without any issues.

Welcome Bonus at Slotland

The welcome bonus promotion at Slotland gives new players a chance to claim up to $1,075 in bonus funds over the course of their first TEN deposits. This might seem like a lot of deposits, but the level of investment that is required is relatively low compared to other casinos.
On your first deposit, you will be greeted with a 100% match bonus up to $100, since $100 is the maximum deposit for your first three deposits. On the second and third deposits, you will be granted a 50% match bonus for up to $50 in bonus funds each time. For the seven deposits that follow those, you will be rewarded with a 50% match bonus on a maximum deposit of $250 each time. When all is said and done, you will need to deposit a total of $2,050 to receive a total of $1,075 in bonus funds.
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Other Promotions at Slotland

Once you have already taken advantage of the Welcome Bonus, you might be wondering what else Slotland has in store for you. The rest of their promotions program involves a tiered VIP, a ton of deposit bonuses, a weekly raffle drawing, and a unique newsletter which provides bonuses to its readers.
This is a fairly well-rounded list of bonus promotions, and if you combine that with the low playthrough requirements on every single bonus it is clear that this program is superior to that of most online casinos. We are extremely impressed with the effort that they have put into giving back to their regular players and highly recommend getting involved with as many of these promotions as possible.

VIP Program

The VIP Program on Slotland provides frequent gamblers with a way to win extra match bonuses, a subscription to the VIP newsletter, higher chances in the weekly draws, and special VIP customer service. The three VIP levels that currently exist are Bronze Level, Silver Level, and Gold Level.
Unlike other casino VIP programs, you will not belong to any VIP level when you first sign-up on Slotland. Once you have deposited at least $3,000 they will consider adding you to the Bronze Level, although this is not guaranteed to get you in since they use other unspecified criteria to decide who qualifies. The final level, otherwise known as the Gold Level, will provide you with 15% cash back, a $200 welcome bonus, a 200% match bonus in addition to all the other perks that Bronze Level players receive.
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Newsletter Bonuses

Slotland is smart to realize that most people do not read newsletters that come from online casinos, so they decided to add some incentives to get people to do so. By checking out the monthly newsletter that is posted right on their website, you will be able to find out what the game of the month is and exactly what perks come from playing this game.
Usually, the prizes for this promotion include a match bonus that you can claim twice per day using the code “GOTM” as well as a random cash drawing. For every 100 rounds you play on the game of the month, you will receive a ticket into the random cash drawing where $600 is up for grabs among the four players whose tickets are chosen. Every month these prizes will change and so will the game that you must play to clear the playthrough requirements, so be sure to keep an eye out for any new newsletters that pop up on their site.

Monthly Mystery Bonus

The monthly mystery bonus is another promotion that utilizes the monthly newsletter since the only way to earn this bonus is to play in the mini-slot game that can be found there. The only catch is that you must redeem this bonus during the first seven days of the month in question.
The results of your spins on the mini-slot game will decide which reload bonus will be waiting for you during the following month. The reload bonus that you are given will range anywhere from 30% to 100% for players with a low VIP status while the more experienced VIP players will be rewarded with a bonus that is anywhere from 45% to 150% of their deposit.
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Weekday Bonuses

No matter what weekday it is, there is guaranteed to be a deposit bonus that you can claim as long as you currently do not have any other active bonuses. Each bonus comes with its own wagering requirements and is only valid for specific types of games.
On Mondays, you will receive a 50% match bonus using the bonus code “50MOBILE” and you are only allowed to play slot games on your mobile phone. On Tuesdays, you will receive a 60% match bonus using the bonus code “KENO60” and you must clear this bonus using the game Keno 101. On Wednesdays, the match bonus is set at 75% and you have to clear the bonus using oldies slot games such as Booster, Golden 8, Lucky Ducts, and Lucky Stars. For Thursdays, the match bonus will be 40% if you use the bonus code “VPOKER” which can only be cleared using video poker games. Lastly, Fridays will reward you will a 50% match bonus that can be cleared using any slot game of Keno game.

Weekly Free Draw

For every dollar you deposit during any given week, you will be rewarded with one raffle ticket into the weekly free draw. Each Wednesday, a total of 20 players will be chosen to receive prizes and you will have to check your email to see if you won. The first place prize is an impressive $500 while 2nd through 10th place will receive $100 and 11th through 20th place will receive $10. If you are a winner, you will be required to wager your prize 1x before you can withdraw any of the money.
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Bonus Terms and Conditions at Slotland

Each bonus promotion on Slotland comes with a different playthrough requirement which is specified on the webpage that is dedicated to that specific promotion. These playthrough requirements appear to range anywhere from 1X to 18X, which is EXTREMELY easy compared to other casinos. In fact, this might be the easiest playthrough requirements that we have ever seen since most casinos set their requirements between 30x and 60x. There also appears to be a very lenient timeframe in which you have to complete these requirements since 90 days is more time than most casinos will give you.
However, just like on most other online casinos, not every game will contribute equally towards clearing the playthrough requirements for each bonus. In fact, the only type of game which will count 100% of your wagers are slot games. Keno will contribute 50% of your bets towards the wagering requirements, video poker games will contribute 20%, and roulette games will contribute 1%.
One strange clause in these terms and conditions that we have not seen before is that any players from the countries of Argentina, Azerbaijan, Bangladesh, Brazil, Hungary, Poland, Romania, South Africa, Tanzania or the United Kingdom will have playthrough requirements that are 5x as hard as normal. For example, if the playthrough requirement for a specific bonus is originally 10x, players from these countries will need to wager 50x their bonus amount before they withdraw funds.

Customer Support at Slotland

Customer Support Options: Email, Live Chat
There are two ways to contact the customer support team at Slotland and the only key ingredient they seem to be missing is a telephone contact method. However, the Live Chat feature works INSTANTLY whenever the Live Chat button is yellow and says “Live Support Online”. Despite the fact that they advertise 24/7 customer service, this button is sometimes grey and says “Live Support Offline”, so you will need to use email in those instances.
Speaking of email, there are numerous email addresses that you can use to contact them and you will normally receive a response in under an hour which is relatively fast for this method. The email address that you choose to contact will be decided by the issue that you need to speak to them about. For general inquiries, you can contact them at [email protected]. For billing inquiries, you can contact them at [email protected]. Finally, any VIP players will be permitted to contact them at [email protected] which has a quicker response time guaranteed.

Deposit and Withdrawals at Slotland

Minimum Deposit: $25 Maximum Deposit: $100 ($250 after your first three deposits) Deposit Methods: Bitcoin, Litecoin, Bitcoin Cash, Visa, Mastercard, Skrill, Neteller Withdrawal Methods: Bitcoin, Litecoin, Bitcoin Cash, Check, Wire Transfer, Skrill, Neteller
If you are a cryptocurrency enthusiast, then you will truly appreciate the fact that Slotland accepts three different forms of this digital currency. While it is normal to see Bitcoin on the list of deposit options for an online casino these days it is equally abnormal to find sites that accept Litecoin or Bitcoin Cash.
All deposit methods will be completed instantly and free of charge. They also have the exact same minimum and maximum limits. The only real difference between the cryptocurrency methods, e-wallet methods, and the bank card methods is that your bank might charge an international transaction fee of up to 10% if necessary since all transactions are processed in U.S. dollars.
If you plan on taking advantage of any of the deposit bonuses that we listed in the promotions section above, you will need to enter your bonus code BEFORE making a deposit. You can do this by clicking on the “Bonus Code” option on the side menu once you access your account cashier.
Once you are ready to withdraw the funds that are in your Slotland account there is a total of seven methods that you can choose from. Each of the methods that are available to players from the U.S. comes with a minimum withdrawal limit of $100, which is a little high considering the fact that the minimum deposit is $25. Players from other countries will be able to withdraw a minimum of $25 by using Neteller or Skrill.
When you choose Bitcoin, Litecoin, or Bitcoin Cash as your withdrawal option, your transaction will be processed the very next business day. This is much faster than the check or wire transfer withdrawal methods which will take 5-10 days to process and receive. Therefore, we recommend using one of Slotland’s supported cryptocurrencies so that you can take advantage of the high level of efficiency that these three coins offer. On the other hand, players from other countries will be able to take advantage of the 24 to 48-hour processing times of Skrill and Neteller.
In the event that you have a lucky day and win more than $5,000, you will need to make special arrangements to withdraw your money in increments. The best way to do this is to email them at [email protected] and they will work with you to figure out a payment plan.
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Slotastic Casino Free Bonus & Review
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Slotastic Casino Full Review

As the brand name itself indicates, Slotastic is an online casino with a central focus on slots. Despite this, the website offers some gaming variety as its library also features a number of table games, video poker, and casino specialties.
This is a RealTime Gaming-powered casino that welcomes customers from all over the world, including the United States. The casino’s About Us page tells us Slotastic appeals to a motley customer base, consisting of more than 1 million registered players since its launch in December 2009.
The casino is home to more than 300 games available for play on desktop computers via its download platform. There is also a native Android app while iPhone users can access Slotastic in their browsers. Slotastic grabs the attention with a flashy yet organized lobby and an intuitive cashier that supports some of the most common banking methods in the world, such as Visa, Skrill, and Neteller. Similarly to other US-friendly gambling sites, this one, too, allows for payments via cryptocurrencies like Bitcoin and Litecoin.
The casino maintains the interest of its players by providing them with a great variety of promotions and bonuses, including several welcome offers. Let’s dive deeper into the bonuses awaiting new Slotastic players.
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Slotastic Bonuses and Promotions

Slotastic poses as a great online gambling destination for bonus seekers who insist on having a wide choice of limited-time and ongoing promotions. These include free spins on exclusive slots, instant cashbacks, bonus matches on deposits, and a great loyalty scheme.
New customers can make a pick from three different welcome bonuses. The first offer is geared toward the preferences of slot buffs. It consists of 117 free spins on RealTime Gaming’s classic Bubble Bubble.
This bonus is awarded for deposits of at least $25 with the promo code BUBBLETASTIC. It appealed to us because there are no restrictions on the maximum winnings you can cash out. However, you need to wager the winnings amount at least 10x before you ask for a withdrawal. You can use this bonus code a single time only.
The second option newcomers at Slotastic have is a 150% welcome bonus of up to $300, granted on their first deposits of $25 or more with the promo code WINTASTIC. The bonus is valid on first deposits only and is intended for free play on the available slots and keno games.
It has wagering requirements of 30x the bonus and deposit amounts. There is no maximum cashout limit on the winnings you can withdraw. Only the slots, the scratchcards, and the keno games contribute toward the playthrough, but you cannot use the bonus credits to participate in the slot tournaments for free. The value of each free spin is limited to $0.01 per active line. Bubble Bubble is a 50-line slot, which is to say your bets should not exceed $0.50 per spin.
All bingo and table games like craps, baccarat, casino poker varieties, roulette, and blackjack are excluded. If you play them, the casino will terminate your bonus. The same goes for the video poker varieties which are also blocked from bonus participation. Maximum wagers with an active bonus in your account should not exceed $9.99 or else the winnings will be voided.
The third welcome option is geared toward the needs of new players who are looking to make their first deposits with the Bitcoin cryptocurrency. They can receive a 250% up to $1,000 in free credits in exchange for a minimum deposit of $25 via Bitcoin. The code for this one is BTC250.
The terms coincide with those for the other deposit-match offer, i.e. the bonus is subject to wagering of 30x its amount plus the deposited sum. Only slots, scratchcards, and keno have a contribution (of 100%) toward the playthrough. There is a maximum bet restriction of $9.99. Players from the following locations are not entitled to welcome bonuses – Sweden, Bulgaria, Belarus, Indonesia, Greece, Portugal, Romania, Poland, Russia, and Mauritius.
If these perks fail to satiate your appetites for free reel spinning, you can redeem more free spins for the slot Hen House on a daily basis, i.e. once you have finished wagering your welcome bonuses. Players get 10 free spins for a deposit of $10, 20 free spins for deposits of $20, or the maximum of 50 bonus spins for deposits of $50 or more.
You must use the SPINTASTIC promo code in the cashier. Wagering of 30x the winnings is applicable, with max bet restrictions of $0.02 per active payline. The casino’s terms state no maximum cashout applies to this offer.
In addition to these gifts, Slotastic treats reel spinners to a great range of limited-time deposit bonuses, cashbacks, and free spins. As a matter of fact, there are so many offers, it would be next to impossible to cover them all here. It is best for interested players to regularly visit the casino’s cashier where you can see all the bonus coupons that are currently available.
There is also a three-tiered loyalty program you automatically become a part of upon registration. The casino rewards customers with 1 comp point for every $10 they bet on the website. The points can be converted into free credits at a rate of 100 points for $1. Respectively, you need to generate at least 100 points before conversion is possible.
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Slotastic Software Providers

If there is one thing most US-friendly online casinos have in common, it must be the software they run on. Slotastic utilizes the software platform of a single supplier, the well-known RealTime Gaming. This is a company with over 20 years of experience in the field of casino solutions development.
The casino boasts a well-designed website that enables you to browse the different gaming categories and locate all the important information with ease. The lobby pretty much has the standard RealTime Gaming interface. After you log in, you get to see the categories of Slots, Table Games, Video Poker, Specialties, Progressives, and Favorites.
The current value of the progressive prizes is displayed in the jackpot meter under the main menu. You can access the cashier with a single click of a button and get to see your available balance at all times. Several useful buttons take you to the live chat facility, the promotions page, and your notifications.
Slotastic gives its players a choice from several options. Customers who intend to play on Microsoft Windows-based desktop computers can download and install the casino’s software, which, unfortunately, is not compatible with any other operating systems. Mac users can load the lobby and the games straight in their desktop browsers.
The casino works just fine in the browsers of smartphones and tablets running on Android and iOS. You can access it in any browser, be it Firefox, Opera, Chrome, Internet Explorer or Safari as long as it is up to date and your wireless connection is reliable enough. Slotastic has also released a dedicated application for Android. You can download it from the casino’s website for free.

Slotastic Banking

Banking is one of the aspects where Slotastic Casino definitely bears improvement. We would like to see more deposit and withdrawal options added in the future as befits an operator that supports play from most countries worldwide.
For the time being, Slotastic customers can make deposits with commonly available payment solutions such as credit cards by Mastercard, American Express and Visa, e-wallets by Skrill, ecoPayz, and Neteller, the prepaid Paysafecard, Neosurf, and the cryptocurrencies Bitcoin and Litecoin.
EasyEFT is also available but can be used by players from South Africa only. Another option is to call customer support on the number we have provided in the table above. The support agents will help you deposit over the phone. No additional costs are associated with the deposits.
The minimum and maximum limits depend on the deposit method you use. You can top up your account with $25 to $500 with the credit cards or deposit anywhere between $5 and $2,000 with e-wallets like ecoPayz.
Deposits with Paysafecard can range between $5 and $300 while those made with the Neosurf vouchers have limits of $10 and $250. Cryptocurrency depositors must comply with limits of $25 and $2,500.
There are but a few options where withdrawals are concerned. Players can cash out the wins from their Slotastic accounts with Bitcoin, MoneyGram, ecoPayz, Skrill, Neteller, checks or wire transfers. The minimum limits on withdrawals are $25 for ecoPayz, $180 for courier checks, and $100 for the other supported solutions. The maximum is $2,500 per method ($3,000 for checks) and $10,000 per week.
You have the option to reverse your withdrawals while the requests are still pending. We personally think this works to the disadvantage of some players. People sometimes get tempted to continue gambling until they give whatever they have won back, so manual flushing is always the more preferable option in our opinion.
So what are the processing times for withdrawals from Slotastic? It all depends on what method you use. The quickest way to cash out would be to use the supported e-wallets or Bitcoin where withdrawals take place instantly after approval. Withdrawals with courier checks and wire transfers may take up to 10 business days.
Unfortunately, there is no good news to report where transaction costs are concerned. If you are looking to avoid extra charges, you should withdraw with the cryptocurrency or the e-wallets. The fees associated with the other available withdrawal methods are eye-watering. You have to pay $30 extra per courier check and $60 extra per wire transfer. You might also end up paying additionally for currency conversion since Slotastic works with USD only.
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Slotastic Mobile Casino

Slotastic provides mobile players with two options. There is a highly functional in-browser application that requires no additional software installation. This enables you to play without wasting any storage space on your smartphone. You simply have to type in the casino’s address in your browser or scan the QR code posted on the website. Android users can download a native app to install on their devices.
We regret to say there is not much versatility for mobile players at Slotastic, though. The in-browser app is home to 100 or so mobile games, most of which are slots. There are around 15 video poker variations including Deuces Wild, RealTime Gaming’s trademark Loose Deuces, and Jacks or Better.
The mobile casino is short of table games, but you still get to play European Roulette, Suit ‘Em Up Blackjack, Classic Blackjack, and Tri Card Poker. Some of the most popular RealTime Gaming jackpot games have also been optimized for play on the go. The biggest pots drop in the progressive Aztec’s Millions.
You can add games to your list of favorites by tapping the star icons next to the thumbnails. Tapping the info button shows you all you need to know about the games you are interested in, from their volatility level to their themes and special features.
Slotastic’s in-browser app compensates with a simplified, yet elegant and user-friendly design. The circular mobile lobby features oversized round buttons that take you to the different categories of games, the cashier, your favorites, the games you have last played, and the main menu, where you can view your bonus coupons, comp points, promotional messages, and the contact page.
The support chat is accessible at all times via a large-size button that remains glued to the lower right corner of your touchscreen regardless of which page you open. Similarly to the desktop version, the mobile casino can be loaded in English only.

Slotastic Casino Games

Slotastic is a relatively small online casino with a gaming library that comprises around 300 distinct games. Note that the full suite is available via the Windows-compatible download software only. Those who access the casino and play in their browsers are facing half the number of options, with a little over 150 titles. This limited choice makes sense considering the casino uses software by a single supplier only.
There is the standard set of RealTime Gaming titles you can play. Slots make for the largest portion of the portfolio although video poker, keno, scratchcards, and tables games are also available. But enough beating around the bush – let’s examine the gaming library in more detail.

Slots

This casino is called Slotastic for a good reason. It features a solid collection of RealTime Gaming slots with versatile themes, ranging from ancient civilizations and mythology to magical creatures and Vegas lifestyle. Branded slots like Ritchie Valens La Bamba, The Big Bopper, and The Three Stooges are also included.
Slotastic organizes its slot collection on the basis of reel number, features, and jackpot. The 6-reel titles are a must-try including games like Super 6 and Lucky 6. Some of the slots from RealTime Gaming’s Real Series have randomly triggered local jackpots that can drop on any spin regardless of the amount staked. Some of the most appealing slots from this category include Aladdin’s Wishes, Achilles, Ancient Gods, Cleopatra’s Gold, Fire Dragon, Naughty or Nice, and Ghost Ship.
Hairway to Heaven, Naughty or Nice Spring Break, and Polar Explorer have the so-called “Feature Guarantee”. This ensures players will trigger a bonus feature within a designated number of spins. One example is the slot Aztec’s Treasure where the feature meter is set at 150 spins. Players who choose this slot can have the confidence they will trigger a bonus feature at least once every 150 rounds.
The Win-Win feature some slots are equipped with is equally rewarding but in a different way. It gets activated at the end of a round of free spins if you have generated profits smaller than 8x your triggering bet. You need to play all paylines to benefit from the Win-Win feature, though. Some of the Win-Win slots include Loch Ness Loot, The Three Stooges, and Triple Twister.
Slotastic caters to fans of classic slots with several 3-reel titles like Double Ya Luck, Sevens and Stripes, Scuba Fishing, Santastic, and Jumping Beans. Other slot titles that appealed to us include Cai Hong, Bubble Bubble and its sequel, Enchanted Garden II, Eternal Love, Gods of Nature, and I, Zombie.

Table Games

Slotastic is home to a standard suite of table games that features around 18 variants of roulette, blackjack, and casino poker. Baccarat and craps are also available. Fans of the Devil’s wheel have a choice from American and European Roulette where the bets range between $1 and $50.
Blackjack buffs enjoy a greater versatility, having a choice from the standard version of the game, Perfect Pairs, European Blackjack (this is a no-hole-card game), Face Up 21 (RealTime Gaming’s take on Double Exposure), Pontoon, Super 21, Suit ‘Em Up Blackjack, and Match Play 21.
Several variations of casino poker are also available. You can play against the virtual dealers in a game of Vegas Three Card Rummy, Tri Card Poker, Pai Gow Poker, Caribbean Hold’em (which is pretty much the casino version of Texas Hold’em but with an exotic name), and Caribbean Stud. The baccarat and craps games can be found in the Specialties section.

Progressive Jackpot Games

We counted roughly 75 games with local progressive jackpots. This means the prizes are pooled from bets made on the Slotastic platform only. Respectively, you cannot expect gargantuan pots from these games – their prizes typically escalate to four-figure amounts only. Some of the most popular slots with local pots include Small Fortune, Jumping Beans, Rudolph’s Revenge, Samba Sunset, Secret Symbol, Penguin Power, Paydirt, Mermaid Queen, and Mister Money.
You have a more limited choice if massive pots are what you are after. The casino features several slots linked to a wide-area progressive network, with prizes accumulating across all RealTime Gaming-powered websites.
The pots in Aztec’s Millions and Megasaur are symbol-driven whereas the prize in Spirit of the Inca drops whenever it reaches its boiling point. The jackpot of Aztec’s Millions is way overdue since it has not dropped since 2009. The table games Caribbean Stud and Caribbean Hold’em are also linked to progressive networks.

Video Poker

Fans of video poker are catered to with 14 distinct variations of their favorite game including Loose Deuces, Aces & Eights, All American Poker, Bonus Deuces Wild, Bonus Poker, Bonus Poker Deluxe, Deuces Wild, Double Bonus Poker, Double Jackpot Poker, Jacks or Better, Joker Poker, and Sevens Wild.
Each of the above-listed games is available in the multiple-hand format, with players having a choice from 1, 3, 10, or 52 hands at a time. Just keep in mind each hand you play requires an individual bet. For example, if you are playing five credits of $0.50 per hand in the 52-hand variant of Jacks or Better, you are practically wagering $130 per round.
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Slotastic Licensing and Regulations

Slotastic has not published any information in regard to licensing, ownership, and regulations on its official website, which only works to its detriment. In our opinion, it is common courtesy to inform one’s customers who they are gambling with and under what license. There are no details on who audits the games for fairness and what their theoretical return is. We hope to see higher levels of transparency from Slotastic in the future.
After a little digging on the web, it was established Slotastic allegedly operates under the licensing and regulations of the British Virgin Islands. Customers’ funds and personal information are protected with SSL encryptions.
Slotastic also embraces responsible gambling. Players can self-exclude, take a temporary break from gambling, or set limits on their deposits. The casino does not allow for real-money play from the UK and New Jersey.

Slotastic Customer Support

Slotastic players who need help are facing several avenues of communication with the casino’s support staff. The easiest and quickest way to contact them is via the live chat. The chat facility is staffed at all times of day and night, which is certainly beneficial for the casino’s vast multi-national player base.
The downside is that when all human agents are busy servicing other customers, you may end up chatting with the “friendly” Chat Bot. The latter is pretty much useless since it provides you with a link to the FAQ section most of the times.
You are automatically connected with a real human being as soon as an agent is available, though. The support staff makes an overall good impression with their professionalism and friendliness. You can also drop Slotastic’s support a few lines via email at [email protected]. Support is provided over the telephone as well. The number you need to dial is +1 866 890 6738.

Conclusion

Slotastic has both its downsides and advantages. The biggest positive here is that the casino welcomes play from a huge number of jurisdictions including the United States. Another benefit is that the website is jam-packed with bonuses and promotional incentives. If you are looking for generous offers, this is the place to drop by. We also liked the website’s design. All categories are easy to spot and the games load quickly both on desktop and mobile.
The biggest con here is the absence of regulatory information. As we said earlier, we hope to see this fixed in the future in the interest of transparency. It would have been great if the casino supported more payment options as well.
The gaming library itself is definitely not the most diverse one, with only 150 games in the casino’s flash version. Despite its downsides, Slotastic will appeal to RealTime Gaming fans from the US who insist on fast withdrawals and lots of bonuses.
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