Notes

Gambling Online
Casinos Online

Online casinos provide a variety of casino games, including Craps, Blackjack, Roulette and Blackjack. These games are played against the "house", which makes money because of the fact that odds are slightly in their favor. Some websites offer games that are mathematically less fair than they seem.

Online poker

There are a large number of poker rooms online that offer a variety of games like Poker that are most popularly Texas hold'em however, there are also Omaha seven-card stud and various other types of games. The "house" earns its revenue by charging "rake" and players compete against each other.

Betting on click for source offer fixed odds betting on the internet and gamblers usually bet on the results of sporting events.
An internet-based innovation that is relatively new is the bet exchange, which allows individuals to make bets on each other (with the "house" paying small percentage).

Transfers of funds

Typically, gamblers upload funds to the online gambling company, place bets, or play the games that they offer, and take the winnings. European gamblers can often deposit money into gambling accounts using a credit card or debit card, and withdraw winnings directly to their card.
Due to the unresolved legality of gambling online in the United States, U.S. credit card applications are often rejected. However, there are a few intermediary firms like Moneybookers, Neteller and Firepay that allow online gambling funding. These 'alternative payment options' are often offered by online poker rooms and casino operators.
The payment method of cheque or wire transfer are also popular.

General legal issues

Online gambling is legalized and licensed in many nations that include the United Kingdom, and many nations in the Caribbean Sea.
The United States Federal Appeals Courts has declared that the Federal Wire Act prohibits electronic transmission of information about betting on sports across state lines. There is no law prohibiting gambling of any other kind.
Certain states have laws against gambling online of any type. Online gambling operations that aren't licensed would be illegal. Presently the state does not grant online gaming licenses.
Antigua and Barbuda's government, which is licensed Internet gambling organizations, submitted a complaint to the World Trade Organization regarding the U.S. government’s attempts to block gambling online.

Although the Caribbean country prevailed in the preliminary decision, WTO's appeals committee partially reversed the favorable ruling of April 2005. The appeals ruling effectively permitted state laws prohibiting gambling in Louisiana, Massachusetts, South Dakota and Utah. The appeals panel also concluded that the United States could be violating global trade regulations since its laws regarding horse-racing betting did not apply equally to both domestic and foreign online gambling businesses. The panel also ruled that some online gambling restrictions that were imposed by US federal laws were inconsistent with the trade body's GATS services agreement.

John G. Malcolm, deputy Assistant Attorney General was a witness before the Senate Banking Committee in March 2003 on the specific issues that gambling online poses. The biggest concern for the United States Department of Justice is online money laundering. The anonymous nature of the Internet and the use of encryption make it particularly difficult to trace online transactions for money laundering.

In April 2004, Google and Yahoo!, the internet's two biggest search engines announced that they were going to remove online gambling advertising from their sites. This was in response to a United States Department of Justice announcement. Some believe this is a contradiction to the Appeals Court ruling. The Wire Act relating telephone betting applies to all forms of Internet gambling and any advertisement related to gambling could be viewed as aiding or aiding. The Justice Department's decision claim that it has no legal basis to pressure companies to remove advertisements and that these advertisements are protected by the First Amendment. In April 2005, Yahoo! Yahoo! has provided advertising to online "play money" gaming since April 2005.

In February 2005 the North Dakota House of Representatives approved a bill to legalize and regulate online poker as well as online poker cardroom operators in the State. The Chief Executive Officer of Paradise Poker, an online poker website, testified before the State Senate and promised to relocate to the state if it became law. The State Senate defeated the bill in March 2005. Jim Kasper (the Representative who was the sponsor of the measure) plans to put this issue on the 2006 ballot in 2006.

Problem gambling

Because the internet brings gambling directly into the home of a gambler, there is concern that online gambling increases the likelihood of being a victim of problem gambling. In the United States, the link between gambling availability and problematic gambling was examined in 1999 by the National Gambling Impact Study, which concluded that "the presence of a casino within 50 miles approximately doubles the amount of problem and pathological gamblers". If this finding is correct, it is reasonable to believe that the ease of access to online gambling would also lead to an increase in problem gambling.

click here for more noted the possibility that "the rapid instant gratification at high speed of Internet games and the privacy-enhancing features that they provide can exacerbate issues and pathological gambling". technology , of the National Coalition Against Legalized Gambling who was a witness before Congress that the possibility of online gambling "magnifies the destructive potential of the addiction".





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