Notes

Online Gambling
Online casinos

Online casinos offer a wide range of games for players, such as Craps, Blackjack, Roulette and Blackjack. These games are played against the "house" which earns profits due to the fact that the odds are slightly in their favor. Unscrupulous websites may offer rigged games that are more mathematically fair than they seem.

Online poker

There are plenty of online poker rooms which offer various games of Poker which include Texas hold'em, however, there are also Omaha and Seven-card Stud and various other types of games. The "house" earns its revenue by charging "rake" and players play against each other.

Online sports betting

Fixed-odds betting is offered by a variety of major bookmakers on the internet. Bettors often bet on sporting events.
The bet exchange is a relatively recent innovation on the web. It allows people to place bets on each other in exchange for the "house" receiving a tiny percentage.

Transfers of funds

Typically, gamblers deposit money to the online gaming firm, place bets or play games they offer, and pay out winnings. business ideas into gambling accounts using a credit card or debit card, and then cash out winnings directly back to their card.
Because of the unclear legality of gambling online in the United States, U.S. credit card applications are often declined. However there are some intermediary businesses like Moneybookers, Neteller and Firepay which allow online gambling to be funded. These 'alternative payment options' are typically offered by online poker rooms as well as casino operators.
The payment method of cheque or wire transfer are also popular.

General legal concerns

Gambling online is legal and regulated in many countries including the United Kingdom and several nations in and around the Caribbean Sea.
The United States Federal Appeals Courts have ruled that the electronic transmission of information for wagering on sports that crosses state lines is forbidden by the Federal Wire Act. There is no law prohibiting gambling of any other type.
Certain states have laws that prohibit online gambling of any kind. Online gambling operations that are not licensed would be considered illegal. Currently, no state grants online gaming licenses.
Antigua Barbuda's government that has licensed Internet gambling entities, filed a complaint with the World Trade Organization regarding the U.S. government’s attempts to stop online gaming.

While the Caribbean country won the preliminary decision, WTO's appeals committee partially reversed its April 2005 decision that was favorable. The appeals decision allowed gambling to be banned in Louisiana, Massachusetts and South Dakota. The appeals panel also concluded that the United States could be violating international trade laws because its laws regarding horse-racing betting did not apply equally to both domestic and foreign online gambling firms. The panel also held that some gambling regulations imposed under US federal law were incompatible with the organization's GATS services agreement.

In March 2003 the Deputy Assistant Attorney General John G. Malcolm testified before the Senate Banking Committee regarding the particular issues posed by gambling on the internet. Online money laundering is a major concern for the United States Department of Justice. The anonymity of the Internet and the use of encryption makes it difficult to track online transactions for money laundering.

Google and Yahoo! announced in April 2004 that they would eliminate gambling-related advertisements on all their websites. This announcement came in response to a 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 applies to all forms of Internet gambling and any gambling-related advertising "may" be deemed to be aiding and abetting. The Justice Department's decision is illegal and shouldn't be used to force companies to take down their ads. The First Amendment protects the advertisements. As of fun games , Yahoo! Yahoo! has offered advertising to online "play money" games since April.

play video of Representatives approved a bill in February 2005 to regulate and legalize online gambling and cardroom operators. While testifying before the State Senate, the CEO of one cardroom online, Paradise Poker, pledged that the company would relocate to the state in the event that the bill became law. However, the measure was defeated by the State Senate in March 2005. Jim Kasper (the Representative who sponsored this bill) plans to put the issue on the 2006 ballot.

Problem gambling

Gambling online brings gambling into the homes of players which raises concern about the possibility that it may lead to increased problem gambling. The National Gambling Impact Study in the United States examined the relationship between problem gambling and accessibility. It concluded that having a casino within 50 miles a person's home roughly doubles the number of problem gamblers. This suggests that problems with gambling may also be made more prevalent because of the accessibility to online gambling.


The report also indicated that "high-speed instant gratification provided by Internet games, as well as the privacy they provide could lead to addiction and pathological gambling." Bernie Horn, of the National Coalition Against Legalized Gambling, was a witness before Congress that the accessibility of gambling online "magnifies the destructive potential of addiction".




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