Notes

Online Gambling
Online casinos

There is a wide variety of online casinos that allow players can enjoy casino games such as Roulette, Blackjack, Craps and many other. These games are against the house, and they earn money since the odds are slightly towards their side. A few sites that aren't trustworthy have been proven to have manipulative games that are not as mathematically fair as they appear.

Online poker

Numerous poker rooms online offer various Poker games, such as Texas hold'em as well as Omaha. The "house" makes its money through the "rake", and players compete against one another.

Betting on sports online

Several major bookmakers offer fixed-odds online gambling Gamblers generally bet on the results of sports events.
The bet exchange is an essentially new innovation on the internet. It allows users to place bets against each other, with the "house" taking a small percentage.

Transfers of funds

Usually, gamblers transfer money to the online gaming company, make bets or play games it provides, and pay out winnings. European gamblers are able to fund gambling accounts by credit card or debit card, and withdraw winnings directly back to their card.
Because of the doubtful legality of gambling online in the United States, however, U.S. credit cards frequently aren't accepted. However, many intermediary firms - like Firepay, Neteller, and Moneybookers provide accounts through which (among many other things) online gaming can be financed. Online poker operators and casino rooms typically offer bonuses for the use of these 'alternative payment options'.
The payment method of cheque or wire transfer is also a common method of payment.


General legal issues

Gambling online is legal and licensed in numerous countries, which includes the United Kingdom and several nations in and around the Caribbean Sea.
The United States Federal Appeals Courts ruled that electronic transmissions of information to bet on sports that crosses states is not permitted by the Federal Wire Act. There is no law prohibiting gambling of any kind.
Some states have laws that prohibit online gambling of any type. Gaming operations online which are not licensed will be illegal. At present there is no state that grants online gaming licenses.
The government of the island state of Antigua and Barbuda who regulates Internet gambling entities, made a complaint to the World Trade Organization about the U.S. government's actions to stop the online gambling.

While the Caribbean nation won the initial decision, WTO's appeals panel partially reversed its favorable April 2005 ruling. The appeals ruling allowed gambling to be prohibited within Louisiana, Massachusetts and South Dakota. The appeals panel further concluded that the United States could be violating international trade rules due to its laws on horse racing betting were not equally applied to foreign and domestic online gambling firms. The panel also concluded that certain online gambling restrictions enforced under US federal laws were not in accordance with the trade organization's GATS services agreement.

John G. Malcolm, the Deputy Assistant Attorney General testified before Senate Banking Committee in March 2003 regarding the particular challenges that gambling online poses. A major concern of the United States Department of Justice is the issue of online money laundering. Money laundering transactions on the Internet are difficult to track due to the anonymity of the Internet and encryption.

Google and Yahoo! announced in April 2004 that they would remove online gambling advertisements from their sites on a totality basis. The move followed a United States Department of Justice announcement that, in what some say is a contradiction of the Appeals Court ruling, the Wire Act relating to telephone betting can be applied to all kinds of Internet gambling, and that any gambling-related advertising "may" be considered to be aiding and abetting. Some critics of the Justice Department's move say that it has no legal basis to force businesses to take down advertisements and that the advertisements are protected under the First Amendment. As of April 5, 2005, Yahoo! Yahoo! has been offering laptop to online "play money" gaming from April 2005.

The North Dakota House of Representatives approved a bill in February 2005 that would legalize and regulate online gambling and cardroom operators. In testimony before the State Senate, the CEO of one online cardroom, Paradise Poker, pledged to move to the state if the legislation was passed into law. The State Senate defeated the bill in March 2005. Jim Kasper (the Representative who sponsored this bill) intends to put the issue on the 2006 ballot.

Problem gambling

Because gambling on the internet is brought right into a player's home There is a concern that online gambling increases the risk of gambling addiction. go to this site Gambling Impact Study in the United States examined the relationship between problem gambling and accessibility. It found that having casinos within 50 miles of a player's home can double the number of problem gamblers. This study suggests that the risk of problem gambling could also be increased because of the accessibility to online gambling.

That same report noted the possibility that "the instant instant gratification and high-speed speed of Internet games, as well as the high level of privacy that they provide can exacerbate issues and pathological gambling". Bernie Horn, of the National Coalition Against Legalized Gambling, presented evidence to Congress that the accessibility of gambling online "magnifies the potential destructiveness of the addiction".




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