Online Gambling and Legislation
With more than a trillion dollars changing hands around the world on online casinos alone, sooner rather than later legislation will step in to exercise some form of control in the casino industry. Those measures to control casinos and gambling during the early years worked as the casino had a physical location. Today however casinos have moved online with no real physical location. The question arises how legal are these online casinos?
Gambling legislation has not changed much since Congress passed the Wire Act in 1961. The Wire Act states that "Whoever being engaged in the business of betting or wagering knowingly uses a wire communication facility for the transmission in interstate or foreign commerce of bets or wagers or information assisting in the placing of bets or wagers on any sporting event or contest, or for the transmission of a wire communication which entitles the recipient to receive money or credit as a result of bets or wagers, or for information assisting in the placing of bets or wagers, shall be fined under this title or imprisoned not more than two years, or both." This however only covered sports betting and not casinos. There was also no Internet or Internet casinos during that time.
During 1998 both MasterCard and Visa sued Cynthia Haines for money she lost while gambling on an online casino. She had lost more than US$70,000 to an online casino and could not settle her account with the plaintiffs. She filed a counterclaim well within the state laws of California which prohibited credit card loans for gambling be it online casinos or bricks and mortar casinos. That case was settled out of court. Many states have now enacted their own legislation however casinos have moved their gambling operations off shore to casino friendly countries.
Gambling has increased drastically with the advent of the Internet and online casinos. With huge profits and vested interest in casinos there are also very strong lobbyists in government to keep gambling unimpeded. The Internet Gambling Prohibition Act which was defeated in 2000 shows how much vested interest there is in the casino and gaming industry. Cyberspace is the last frontier when it comes to laws governing casinos. Only time will tell how legislation will catch-up with online casinos and gambling websites.
Online Gambling - Keep Control
Gambling can be addictive no matter where you are doing it - at a land casino, playing the lottery or at an online casino. Sometimes it is easier to get carried away at an online casino than at a regular land casino because you aren’t actually handling money or chips, your money is all digitally displayed. Further, money can go fast when you are having fun.
As it is with all gambling, it is important to keep control when you are gambling at an online casino. By keeping track of your credits and cash and setting yourself honest limits that you adhere to, online gambling won’t be a problem for you. Further, by setting limits on yourself for how much money you are willing to gamble and lose, you can keep control of your online gambling habits and make it a fun experience as it was meant to be. Gambling can be a lot of fun, a real adrenaline rush-especially when you are winning. There is an adrenaline rush when you are losing too, and that’s when online gambling can get out of control and before you know it, you’ve spent much too much money, much more than you intended to gamble away.
If you think you have a gambling problem, then contact your local gambler’s anonymous help group and get some help. It is so important not to let gambling run or ruin your life. “Just one more twenty/hundred/thousand dollars” is never something you should say more than you can afford to. Watch and keep track of what you are doing, how much money you are inputting into an online casino and keep the game and gambling experience fun for you and everyone.
The Advantages of Online Gambling
If you’re looking for the thrill of a casino, but you can’t get to Vegas or Jersey, why not try online gambling? Since its beginnings in the 1990s, the online gambling community has evolved to become a major slice of the gambling pie. Millions of fun seekers turn to online gambling as a safe and fun way to spend a few bucks, and a chance to get hundreds or thousands in return.
At major established gambling web sites, online gambling is just as safe for your money as playing in a regular casino. It’s usually free to set up an account, and after that you deposit as much or as little as you’d like using your checking account or credit card and use those funds to bet. Internet security has come a long way, and the online gambling community takes extra precautions to ensure your money, and your winnings, are protected.
The games available for online gambling are even more varied than those in traditional casinos. You will find virtual tables and rooms for dozens of types of poker: stud, Texas Hold ‘Em, Caribbean Stud, Video Poker, Three-Card Poker and just about any poker variation you can think of. For simpler gambling, you can play online slot machines, blackjack, roulette, or any of hundreds of click-and-win games. The online gambler looking for a challenge will enjoy Baccarat. With online gambling, the possibilities are endless!
Major gambling sites attract tens of thousands of visitors in a day. There are even thousands of sites for those unwilling or unable to play for money: Many online gambling sites operate on a game credit basis, and you can play just for the fun of it without risking anything. So, whether you want to impress people with your big gambling scores or get a shot at big money online, check out online gambling!
You no longer need to live in a place where there is a casino. With a computer and a connection to the Internet, anyone over the legal age of 21 can gamble right from their own homes. Finally, there is something for everyone who likes to gamble at online casinos. Check out one of the many online casinos today to get in on the game.
The Advantages of Parlay Betting
The advantage of parlay betting is winnings are begetting more winnings. Let’s use an example of four sixes being thrown in a row at the dice table. If you had a place bet of $6 dollars on the six you could take down your winnings each time. You would end up with a profit of $7 dollars four times or $28. If instead you had raised your bet by multiples of six then the profit would have been far greater. The first roll of six would have netted out a dollar profit and a new total bet of $12. When this bet hits you net out $2 profit and raise your new bet to $24. The next winning bet would net out $4 profit and raise your new bet to $48. When this bet hits you have a net profit of $56 +$48 +$7-your original bet of $6. This leaves a net gain of $105. This illustrates the advantage of parlay betting.
If your bet lost after the 2nd six was rolled, you would have a net loss of only $3. If your bet lost after the 3rd six was rolled, you would have a net gain of $1
Another way to play this same scenario is to only raise the bet by six dollars each time and keep the rest. After the second roll you are always guaranteed a profit.
Parlays can be played in almost any gambling game. The variations are endless and which variation you choose depends on how aggressive you want to be. The obvious reward is if your luck stays with you, you will make substantially more money than you would straight flat bets. If you couple this parlay play with a game that pays odds, and your bets are successful, your gain could be far greater than it would have been.
Parlays in come bets on the dice table are often the reason that a player makes a huge score at a casino. A twenty-pass roll is mind boggling in the possible gain from a starting bet of only two dollars.
Parlay betting follows the rule of play the rush. When you are winning, you should be increasing your bets. That is the way expert gamblers make killings at casinos. The average player does just the opposite and lowers the bet instead of increasing the bet. They want to make sure they keep what they have just won. It is a mind trap that a winning player needs to escape from and not let it kill a winning situation.
The Advantages and Disadvantages of Online Gambling
Online casino advantages and disadvantages are numerous, subtle and at odds with one another. Advantages seem to combine with reason for the popularity of online casinos. A player on the right online casino can play at any time day or night without having to leave their home. A live casino player must drive or fly somewhere else to be able to play. This advantage weighs heavily in the online versus live casino comparisons. The availability of casinos on your computer is a hard advantage to easily give up by a player. This could be a disadvantage if the player has no self-control where losing is concerned. Advantages, on pure luck games like slots, are you can play at anytime and there is no disadvantage Table games like roulette, Baccarat, Blackjack and craps also offer a neutral arena to play the games in. Video poker games are self-contained and play the same online as they do in a live casino. Online you can play any of these games when you feel like playing. The one caveat is craps where there is no table excitement when the table gets warm. Dice players will miss this extra help when rolling for a hard four.
Poker online is greatest, as the number of hands that can be played in an hour is far greater than a live game. This is an advantage if you want to play a lot of hands. The big disadvantage that seasoned poker players miss is being able to read the body language of the opponents. This one factor can hurt a player who can read other players and their hands. You cannot read a player online very well. It is only an uneducated guess on the player's part. There are no-tale tell signs online like there are at a live table. A player's eyes can often give them away when playing a superior hand or bluffing. This is missing when playing online poker.
The algorithm that runs the poker shuffling is suspect on many sites, as aces seem to show more than they should. They definitely come up more than you see in any live cash game. Another part of live poker that is missing from online is long winning rushes. In a live game it is not unusual to see a winning rush last four or six hours. The rush online will be lucky to go four hands.
Slot games online can be set at higher payout percentages as the expense to run an online casino is far less than a live casino. Also new games can be quickly put in play, as the game is only an image and an algorithm. Multiline games online can be played very quickly and the casino gets more plays per hour. This usually favors the casino. Live casinos generate true excitement, which is not seen online. Excitement is contagious and begets a positive atmosphere to play in for the players. This winning setting is helpful to playing better and being more inclined to bet more. Playing in a winning environment is a better place to wager hard earned money. This advantage goes to live play.
Online play saves travel expense and room and food payouts. This gives the player a potentially bigger bankroll to play with. Most online casinos have bonuses for loyal customers and players. Again this raises the betting stake for the online player. Online sites have matured and become high rolling promoters of their sites. Their online progressive slots have developed very large jackpots.
A player can sit at home and take a shot for a few plays at millions.
Online sites can run many different types of tournaments, as space is not a factor. This has become more commonplace among all online sites. The number of freeroll tournaments seems to be growing every year on poker sites. There are limits to what a cash game can offer as space is usually at a premium.
An online site can offer freerolls throughout the day and still run the regular assortment of poker games and at many limits, which opens the site to play from all levels of customers.
Special promotions are easier to advertise online as the players are already coming to the casino website. The opening page can have a banner headline and announce any special occasion the casino wants to push. It does not matter whether it is coming up in a week or a month. Online casinos can pull it off by advertising on their own website. A live casino would have to spend money to let the public know of an upcoming special.
Online casinos have the advantage of convenience that helps to get more of their players to return over and over. The returns also have smaller windows of time between each return to play.
Over all the advantages of online play out way the disadvantages that a player experiences. Only poker has some serious drawbacks and those do not seem to slow down the growth of Internet poker. In fact Internet poker has been responsible for the amazing growth of Holdem on the Net. Other casino games are not bothered at all by online play, and in fact a player may do better since they can concentrate better online. There is no noise or hubbub in the background. The background noise can be soothing music or a TV playing on low sound. Many players play and watch a TV show at the same time.
There is little doubt that online play will continue and when the USA gets a handle on its prohibition against Internet banking, the growth will sky rocket again. Right now the USA rules are an irritant more than anything else to Internet players.
The answer to the beginning question is the scale is tipped to advantages. There are a few disadvantages, but nothing that will hinder the growth of online play.
So come in and play, the online casinos are coming up roses and still growing.