Notes

Online Gambling
Casinos on the Internet

There is a wide variety of online casinos, in which people can enjoy casino games, such as Roulette, Blackjack, Craps and many other. The games are played against "house", which makes profits due to the fact that the odds are slightly in their favour. A few sites that aren't trustworthy have been proven to have fake games, which are less mathematically fair than they seem.

Poker online

There are a large number of poker rooms on the internet that offer various games of Poker which include Texas hold 'em, however, there are also Omaha, Seven-card stud, as well as other games. The "house" earns money through the "rake", and players play against one another.

Betting on sports online

Several major bookmakers offer fixed-odds betting on the internet and gamblers usually bet on the outcome of sporting events.
A relatively new internet innovation is the bet exchange which lets people make bets on each other (with the "house" receiving small percentage).

Transfers of funds

Typically, gamblers deposit funds to the online gambling company, place bets, or play the games it provides, and cash out any winnings. European gamblers usually are able to fund their gambling accounts with the use of a credit or debit card, and then withdraw any winnings back to their card.
Due to the unresolved legality of gambling online in the United States, U.S. credit card applications are often declined. However, many intermediary businesses - including Firepay, Neteller, and Moneybookers provide accounts that (among other things) online gaming can be funded. Casino operators and online poker rooms often offer incentives for using these 'alternative payment methods'.
The payment method of cheque or wire transfer is also common.

General legal concerns


The legality of online gambling is controlled in a variety of countries, including the United Kingdom and several nations in and around the Caribbean Sea.
The United States Federal Appeals Courts has declared that the Federal Wire Act prohibits electronic transmission of information about sports betting across states. There isn't a law prohibiting gambling of any kind.
play board games online gambling industry is banned in some states. Online gambling operations that aren't licensed would be illegal. At present, no state grants gaming licenses online.
Antigua Barbuda's Government, which has licensed Internet gambling companies, has submitted a complaint to the World Trade Organization regarding the U.S. government’s attempts to block online gaming.

While the Caribbean country prevailed in the initial decision, WTO's appeals committee partially reversed its favorable April 2005 ruling. In essence, the appeals decision allowed gambling to be prohibited within Louisiana, Massachusetts and South Dakota. The appeals panel also concluded that the United States could be violating international trade laws due to its laws on horse racing betting were not equally applied to foreign and domestic online gambling businesses. A panel of experts concluded that the restrictions on online gambling imposed under US federal law are incompatible with GATS's services agreement.

John G. Malcolm, Deputy Assistant Attorney General, was a witness before the Senate Banking Committee in March 2003 about the unique problems that online gambling presents. A major concern of the United States Department of Justice is online money laundering. The anonymous nature of the Internet and the use of encryption make it difficult to track online transactions for money laundering.

Google and Yahoo! announced in April 2004 that they were going to remove online gambling advertising from all of their websites. The announcement was made in the wake of an United States Department of Justice announcement that, in what many claim is a contradiction to the Appeals Court ruling, the Wire Act relating to telephone betting applies to all forms of Internet gambling and any gambling-related advertising "may" be considered to be aiding and abetting. Critics of the Justice Department's announcement say it has no legal basis for pressuring companies to remove advertisements and that the advertisements are protected by the First Amendment. As of April 5, 2005, Yahoo! has also provided advertisements for "play money" online gaming.

In February 2005 the North Dakota House of Representatives passed a bill to legally regulate and legalize online poker and online poker cardroom operators within the State. The CEO of Paradise Poker, an online poker site, testified before the State Senate and promised to move to the state if it became law. visit here was defeated by the State Senate in March 2005. Jim Kasper (the Representative who sponsored the measure) plans to put this issue on the 2006 ballot.

Problem gambling

Because gambling on the internet is brought straight into the player's home, there is concern that online gambling increases the level of problem gambling. The National Gambling Impact Study in the United States examined the relationship between problem gambling and accessibility. It found that the presence of casinos within 50 miles of a person's home roughly doubles the number of gamblers with problems. This finding suggests that problem gambling can also be exacerbated due to the ease of accessing online gambling.

The same report also noted that the "high-speed instant gratification that is offered by Internet games, and their privacy could lead to addiction and even pathological gambling." Bernie Horn, of the National Coalition Against Legalized Gambling who presented evidence to Congress that the accessibility of online gambling "magnifies the potential destructiveness of the addiction".




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