Notes

Online Gambling
Casinos Online

Online casinos provide a variety of games for players, such as Craps, Blackjack, Roulette and Blackjack. The games are played against "house", which makes money because of the fact that the odds are slightly in its favour. Unscrupulous websites may provide games that are less mathematically honest than they appear.

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 Omaha and Seven-card Stud and other game types. Poker players compete against one another and the "house" making its money via the "rake".

Online sports betting


Fixed-odds betting is provided by a variety of major bookmakers on the internet. Betting on sports events is a popular option for gamblers. sports events.
A relatively new internet innovation is the bet exchange which lets people place bets with each other (with the "house" receiving small percentage).

Transfers of funds

The majority of gamblers deposit money into an online casino site, then make bets and engage in the games that it provides. Then , they take the winnings and cash them out. European gamblers can often be able to fund their gambling accounts with a credit card or debit card, and withdraw winnings directly back to the card.
Due to the unresolved legality of online gambling in America, U.S. credit card applications are typically rejected. However, many intermediary businesses - including Firepay, Neteller, and Moneybookers provide accounts through that (among other items) online gambling can be funded. Online poker operators and casino rooms often offer incentives for using these 'alternative payment methods'.
Payment by cheque and wire transfer is also a common method of payment.

General legal issues

The legality of online gambling is controlled in a variety of countries, which includes the United Kingdom and several nations within and around the Caribbean Sea.
The United States Federal Appeals Courts ruled that electronic transmissions of information for betting on sports that crosses state lines is forbidden under the Federal Wire Act. There isn't a law prohibiting betting of any type.
Gambling online is illegal in some states. Gaming operations online which are not licensed will be considered illegal. Currently there is no state that grants online gaming licenses.
Antigua and Barbuda's government, which has licensed Internet gambling companies, has filed a complaint with the World Trade Organization regarding the U.S. government’s attempts to stop the online gambling.

The Caribbean country won the preliminary ruling , however WTO's appeals committee has partially reversed the favorable ruling in April, 2005. In essence, the appeals decision allowed gambling to be banned in Louisiana, Massachusetts and South Dakota. The appeals panel also concluded that the United States may be violating international trade laws due to its laws regarding horse racing bets were not applied equitably to foreign and domestic betting businesses on the internet. can i play a game of experts concluded that online gambling restrictions placed in US federal law were incompatible with GATS's services agreements.

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. 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 particularly difficult to trace online money laundering transactions.

Google and Yahoo! announced in April 2004 that they were going to remove online gambling advertising from all of their websites. The announcement was made in response to a United States Department of Justice announcement. Some people believe that this is in contradiction to the Appeals Court ruling. The Wire Act relating telephone betting is applicable to all types of Internet gaming , and any promotion related to gambling could be viewed as aiding or assisting. Critics of the Justice Department's announcement say there is no legal basis to pressure businesses to take down advertisements and that these advertisements are protected under the First Amendment. Yahoo! has also provided advertisements to "play money" on the internet for gaming.

The North Dakota House of Representatives approved the bill in February of 2005 to regulate and legalize the operators of online casinos and gambling sites. While testifying before the State Senate, the CEO of one online cardroom, Paradise Poker, pledged that the company would relocate to the state if the bill became law. However, play games for money was defeated by the State Senate in March 2005. Jim Kasper (the Representative who was the sponsor of the measure) is planning to place the bill on the ballot.

Problem gambling

Because the internet brings gambling straight into the player's home There is a concern that online gambling increases the level of problem gambling. In the United States, the link between availability and problem gambling was studied in 1999 in the National Gambling Impact Study, which concluded that "the presence of a gambling establishment within 50 miles is roughly equivalent to double the amount of problem or pathological gamblers". If this is the case it is reasonable to assume that having easy access to gambling online could also lead to an increase in problem gambling.

The same report also noted the possibility that "the high-speed instant gratification of Internet games and the privacy-enhancing features they offer may exacerbate problem and pathological gambling". Bernie Horn, of the National Coalition Against Legalized Gambling and the National Coalition Against Legalized Gambling, testified before Congress that the possibility of gambling online "magnifies the possibility of destroying addiction".




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