Notes

Gambling Online
Casinos on the Internet

Online casinos provide a variety of games for players, such as Craps, Blackjack, Roulette and Blackjack. These games are played against house, and they earn cash because the odds are slightly towards their side. Certain sites that are not trustworthy have been proven to have fake games, which are not as mathematically fair as they seem.

Poker online

A lot of online poker rooms provide a variety of Poker games, such as Texas hold'em as well as Omaha. The "house" makes its money by charging "rake", and players play against each other.

Betting on sports online

Fixed-odds betting is provided by several major bookmakers via the internet. Gamblers often bet on sporting events.
A relatively new internet innovation is the bet exchange, which lets people make bets against one another (with the "house" paying a small commission).

Transfers of funds

The majority of gamblers deposit money into an online gambling site to place bets, and then engage in the games that it provides. Then , they cash out any winnings. European gamblers typically can deposit money into their accounts using the use of a credit or debit card, and then withdraw any winnings back to their credit card.
Due to the questionable legality of online gambling in the United States, however, U.S. credit cards frequently not accepted. However, several intermediary businesses - including Firepay, Neteller, and Moneybookers - offer accounts with that (among many other items) online gaming can be financed. Online poker operators and casino rooms often offer incentives for using these 'alternative payment options'.
The payment method of cheque or wire transfer is also a common method of payment.

General legal concerns

Gambling online is legal and regulated in many countries which includes the United Kingdom and several nations within and around the Caribbean Sea.
The United States Federal Appeals Courts has ruled that the Federal Wire Act prohibits electronic transmission of information about sports betting across state lines. There is visit homepage that prohibits gambling of any kind.
Gambling online is illegal in some states. Gaming operations online which are not licensed will be considered illegal. Currently, no state grants licenses for online gaming.
The government of the island state of Antigua and Barbuda, which regulates Internet gambling entities, made an appeal to the World Trade Organization about the U.S. government's actions to impede online gaming.

The Caribbean country was the first to win the initial ruling, but the WTO's appeals body has partially reversed the favorable ruling in April, 2005. The appeals decision effectively allowed states to ban betting on horses within Louisiana, Massachusetts, South Dakota and Utah. The appeals panel further concluded that the United States could be violating global trade regulations because its laws regarding horse-racing betting were not equally applied to both domestic and foreign online gambling businesses. A panel found that the restrictions on online gambling imposed in US federal law were not compatible with the GATS's service agreement.

In March 2003, Deputy Assistant Attorney General John G. Malcolm testified before the Senate Banking Committee regarding the specific issues that arise from gambling online. fun games laundering online is a major issue for the United States Department of Justice. The anonymity of the Internet and the use of encryption make it particularly difficult to trace online money laundering transactions.

Google and Yahoo! announced in April 2004 that they would eliminate gambling-related advertisements on all of their websites. The announcement was made in the wake of an United States Department of Justice announcement that, in what some claim is a contradiction to the Appeals Court ruling, the Wire Act relating to telephone betting can be applied to all kinds of Internet gambling and any advertisement that promotes gambling "may" be considered to be aiding and abetting. The Justice Department's announcement say it has no legal basis for pressuring companies to remove advertisements and that they are protected under the First Amendment. Yahoo! Yahoo! has been offering advertising for on-line "play money" games since April.

In February 2005, the North Dakota House of Representatives approved a bill that would legally regulate and legalize online poker as well as operators of online poker rooms in the State. In testimony before the State Senate, the CEO of one cardroom online, Paradise Poker, pledged that the company would relocate to the state if the legislation was passed into law. The measure was rejected by the State Senate in March 2005. Jim Kasper, the Representative who authored the bill, plans a 2006 ballot initiative regarding the issue.

Problem gambling


The internet brings gambling to the home of the player, raising concerns about the possibility that it will lead to increased problem gambling. In the United States, the link between gambling availability and problematic gambling was studied in 1999 in the National Gambling Impact Study, which concluded that "the presence of a gambling facility within 50 miles is roughly equivalent to double the amount of problem and pathological gamblers". If this is the case then it's reasonable to assume that having easy access to gambling online could also increase problem gambling.

The report also stated that the "high-speed instant gratification that is offered by Internet games, as well as their privacy can lead to problems and even pathological gambling." Bernie Horn of the National Coalition Against Legalized Gambling has testified before Congress that online gambling "magnifies" the addictive potential of the addiction.




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