The online gambling industry is a lucrative business that grows yearly. Gambling sites in Canada track your earnings and ensure you pay the tax on them. However, laws differ from state to state, making it hard for Canadian players to understand how tracking works or what rules to play by.
Online gambling has become a huge industry in Canada and has seen considerable growth in the past ten years. More than 25,000 players in the country are actively pursuing their goals and dreams in the online gambling industry.
Whether you’re a professional gambler or trying to break into the industry, you must understand how websites will track your earnings. Here are some ways on how gambling sites in Canada track your winnings.
1. Credit and Debit Embedded Cards
One of the fastest ways online gambling sites keep an eye on your earnings is through tracking cards. If you use a credit or debit card to make deposits and withdrawals, online gambling sites will often automatically track every single deposit you make.
This gives gamblers an easy way to track their wins and losses and automate payment accounts and banking transactions. This is done automatically through pre-loaded cards that gamblers can use to make their deposits and withdrawals.
According to a recent study, the two most popular cards used for gambling sites in Canada are Visa and Mastercard. Visa and MasterCard are so popular because they make it easy for players to withdraw their winnings from an ATM without any obstruction.
2. Cash Transfer Services
Online gaming sites in Canada also use cash transfer services for tracking deposits and withdrawals. Many people prefer this method because they feel it’s easier than credit cards or debit cards. However, many gambling sites will still track your deposits and withdrawals through this method. It’s also known as an e-wallet or a digital wallet.
This is typically a prepaid card that you can use to make deposits or withdrawals by sending or receiving funds directly from the bank account without having to manage finances on their own. This is also used for online gambling sites in Canada, with many people preferring it over traditional methods of using physical money.
3. Pay Per Play
To begin playing games on gambling websites, players must pay a small amount of money on the day they wish to start playing. Players who want to gamble will purchase credits or currency used during each round to play a game.
Since these pay-per-play systems are automated, most online gambling sites automatically track your wins and losses each time you deposit and withdraw money using your credit or debit card. This way, they will be able to collect their fees and taxes at the end of the month and make a profit.
4. Affiliate Networks
Affiliate networks are also another method that online gambling sites in Canada often use to track your earnings and deposits. You will often notice that when you deposit on an online gambling site, a banner ad will pop up advertising other websites with similar games or services.
This is done for promotional purposes, and sometimes affiliate networks may be used directly within the game to help players win more money or incentives. You’ll notice that most affiliate links are provided through email, one of the main ways online gambling sites in Canada track your earning statistics.
5. Virtual Currencies
Virtual currencies are another way online gambling sites track your winnings and losses. Like cash transfer services, many people prefer this method because of its ease. However, online gambling websites in Canada often use virtual currency tracking.
For example, some websites allow players to get extra money playing through games using a virtual currency called tokens. Tokens are redeemed for free access to higher-paying games or other related content on the site. This is similar to cashback programs used by many online shops and stores.
6. Email Surveys
If you participate in surveys for leaders in the gambling industry, you’ll often be asked to provide your details through an email address. These websites can then use this data to track your earnings and losses each time you make a deposit or withdrawal from a gambling site in Canada.
Online gambling sites use many surveys to collect specific information about players who gamble on the site to help them create new games for players or upgrade security measures.
7. Cookies and IP Addresses
Cookies are small files placed on your computer or mobile phone when you visit a website tracking your earnings. Usually, these files are placed on your computer by a cookie management plug-in, which is used for security.
However, some websites will also hide these files within their software to track your computer or mobile phone. This is often done to display targeted ads to you or to make money by selling advertisements targeted toward you.
IP addresses are also another way gambling websites will track your earning statistics. Each time you play a game, an IP address is synced with your computer’s browser, allowing these sites to track how much money you’ve won and lost while playing on their site.
8. Mobile Apps
There are also mobile apps that online gambling sites in Canada can use to track your earnings. Most of these mobile apps are free or cost very little money. You’ll often find these apps will require you to download the app and download a specific type of software or program on your phone or computer, depending on the type of game you want to play.
In addition, gambling websites may also use some mobile apps to track information about your computer and phone. This is done so gambling sites can track specific statistics such as place bets, winnings, and losses.
Online gambling sites in Canada have been around for a long time and have various methods of tracking your earnings and losses. While these tracking methods have changed, many are still in use today. You should be aware that some websites are required to track your earnings to comply with gambling laws and to help them make sure players are not cheating or trying to gain an unfair advantage over other players.