Online Gambling Guide

 

Online casinos

Online casinos offer a wide range of casino games, including Roulette, Blackjack, Craps and more. The "house" makes money by slightly favoring the odds. It has been shown that some unscrupulous websites offer games which are not as mathematically fair as they seem.

Online Poker

Online poker rooms offer a variety of games, including Texas Hold 'em and Omaha. They also have Seven-card Stud, and many other types of Poker. The "house" makes its money by charging a "rake".

Online Sports Betting

Many major bookmakers provide fixed-odds betting over the Internet. Gamblers usually bet on the outcome of sporting events. The bet exchange is a relatively new innovation on the internet. It allows people to bet with each other, and the house takes a small fee.

Funds transfers

Gamblers typically deposit funds into an online gambling site, place bets, play games, and cash out their winnings. European gamblers are able to fund their gambling accounts with a credit or debit card and then withdraw winnings back onto the card.
Due to the legality issues surrounding online gambling in the United States however, U.S. Credit Cards are not accepted very often. A number of intermediary firms, such as Firepay and Moneybookers, offer accounts that can be used to fund online gambling. Online poker rooms and casino operators often give incentives to players who use these "alternative payments methods".
It is common to pay by check or wire transfer.To get more detail click dewi365aman.net

 

General Legal Issues

Online gambling is legal in many countries, including the United Kingdom as well as several nations around the Caribbean Sea.
The United States Federal Appeals Courts have ruled that the Federal Wire Act does not allow electronic transmissions of information to bet on sports across state borders. Other forms of gambling are not prohibited by law.
Some states have laws that specifically prohibit online gambling. It is illegal to own an online gambling operation without the proper licensing. Currently, no state grants online gaming licenses.
The island nation of Antigua-Barbuda, which has licensed Internet gambling companies, filed a complaint with the World Trade Organization regarding the U.S. Government's efforts to hinder online gaming.

In April 2005, the WTO appeals body partially overturned this favorable ruling. The appeals ruling effectively allowed Louisiana, Massachusetts and South Dakota to prohibit gambling. The appeals panel also found that the United States could be in violation of global trade rules, as its laws regulating online horse-racing betting were not equally applied to domestic and foreign betting companies. The panel also ruled that certain restrictions on online gambling imposed by US federal laws are incompatible with the GATS services agreement.

John G. Malcolm, the Deputy Assistant Attorney-General at the Department of Justice, testified in March 2003 before the Senate Banking Committee about the unique problems that online gambling presents. Online money laundering is a major concern of US Department of Justice. Online money laundering is difficult to track due to the anonymity of the Internet, and encryption.

Google and Yahoo! announced in April 2004 that they would be removing all online gambling advertisements from their websites. In April 2004, the United States Department of Justice announced that the Wire Act relating telephone betting applied to all forms of Internet gaming, which some claim is in contradiction to the Appeals Court's ruling. They also stated that advertising of Internet gambling "may" constitute aiding and abetting. The Justice Department's decision is being criticized by those who claim that there is no legal basis to force companies to remove advertising and that advertisements are protected under the First Amendment. Yahoo! has been offering advertising for "play money" online gaming since April 2005. As of April 2005, Yahoo!

The North Dakota House of Representatives voted in February 2005 to regulate and legalize online poker, and the operators of online poker cardrooms. Paradise Poker's CEO, who testified before the State Senate in February 2005, promised to move to North Dakota if the measure became law. The measure was however defeated by the State Senate back in March 2005. Jim Kasper plans to launch a ballot initiative in 2006 on this topic.

Problem gambling

Online gambling is a concern because it brings gambling to the player's house. The National Gambling Impact Study in the United States investigated the relationship between accessibility and problem gambling in 1999. It found that the presence of gambling facilities within 50 miles doubled the prevalence of pathological and problem gamblers. If this is true, then it's reasonable to assume that the ease of accessing gambling online will also lead to an increase in problem gambling.

The same report also noted that "the instant gratification and privacy offered by Internet games may increase problem and pathological gaming". Bernie Horn of the National Coalition Against Legalized Gambling testified to Congress that online gambling magnifies the destructive potential of addiction.