Notes

Online Gambling
Casinos Online

There are a large number of online casinos that allow players can enjoy casino games like Roulette, Blackjack, Craps, and many others. These games are played against the "house", which makes profits due to the fact that odds are somewhat in its favor. Websites that are not reputable may offer rigged games that are less mathematically honest than they appear.

Online poker

There are a large number of poker rooms on the internet that offer a variety of games like Poker which include Texas hold 'em, however, there are also Omaha and Seven-card Stud and various other types of games. The players play against one another, with the "house" making its money by paying the "rake".

Online sports betting

A number of major bookmakers provide fixed odds gambling over the internet and gamblers usually bet on the results of sporting events.
The bet exchange is an essentially recent innovation on the web. It lets users make bets against one another and the "house" taking a small percent.

Transfer of Funds

The majority of gamblers deposit money into an online gambling website before placing bets and engage in the games that it provides. Then they pay out winnings. European gamblers typically have the option to fund their gambling accounts with the use of a credit or debit card, and then withdraw any winnings back onto their credit card.
Because of the unclear legality of online gambling in America, U.S. credit card applications are often declined. However, a number of intermediary businesses - including Firepay, Neteller, and Moneybookers provide accounts that (among other things) online gambling can be funded. player games and casino rooms often offer incentives for using these 'alternative payment options'.
It is possible to pay by wire transfer or by cheque.


General legal concerns

The legality of online gambling is regulated in several countries that include the United Kingdom, and many nations around the Caribbean Sea.
The United States Federal Appeals Courts ruled that electronic transmissions of information to bet on sports across state lines is forbidden by the Federal Wire Act. Gambling of any kind is legal.
Some states have laws against gambling online of any type. Additionally, operating an online gambling business without a license is illegal, and no states are currently offering online gaming licenses.
The government of the island state of Antigua and Barbuda that is the holder of the license for Internet gambling entities, made an official complaint to the World Trade Organization about the U.S. government's actions to hinder online gaming.

Although the Caribbean country won the initial decision, WTO's appeals panel partially overturned the favorable ruling of April 2005. The appeals ruling allowed gambling to be banned in Louisiana, Massachusetts and South Dakota. click for info concluded that the United States could be violating global trade regulations due to its laws on horse racing betting were not equally applied to foreign and domestic online gambling companies. A panel found that online gambling restrictions placed in US federal law were not compatible with the GATS's service agreement.

In March 2003 In March 2003, Deputy Attorney General John G. Malcolm testified before the Senate Banking Committee regarding the special problems presented by online gambling. Money laundering on the internet is a significant concern for the United States Department of Justice. The anonymity of the Internet and the use of encryption makes it especially difficult to trace online money laundering transactions.

Google and Yahoo! announced in April 2004 that they were going to remove gambling-related advertisements on all of their websites. The move followed a United States Department of Justice announcement that, in what many say is a contradiction of the Appeals Court ruling, the Wire Act relating to telephone betting is applicable to all types of Internet gambling, and that any gambling-related advertising "may" be deemed to be aiding and encouraging. Critics of the Justice Department's move say that there is no legal basis to pressure companies to eliminate advertisements, and that these advertisements are protected under the First Amendment. As of April 2005, Yahoo! has provided advertising to "play money" on the internet for gaming.

In February 2005, the North Dakota House of Representatives approved a bill that would legalize and regulate 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 relocate to the state if it became law. However, the measure was rejected by the State Senate in March 2005. read this , the Representative who authored the bill, plans a 2006 ballot initiative regarding the issue.

Problem gambling

Because gambling on the internet is brought directly into the home of a gambler, there is concern that online gambling can raise the likelihood of being a victim of problem gambling. The National Gambling Impact Study in the United States examined the relationship between gambling problems and the availability of. It concluded that having casinos within 50 miles of the player's home is roughly twice the amount of gamblers with problems. This suggests that problems with gambling can also be exacerbated because of the accessibility to online gambling.

The same report also noted that the "high-speed instant gratification offered by Internet games, and the privacy they provide could lead to addiction and pathological gambling." Bernie Horn, of the National Coalition Against Legalized Gambling who testified before Congress that the availability of online gambling "magnifies the potential destructiveness of the addiction".




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