Inside Online Gambling
Saturday, November 15, 2008
A study by the Australian government in 2001 estimated the number of online gamblers worldwide at just fewer than five million, with more than $11 billion played out in online casinos.In this article, we'll see what it's like to gamble online, find out how you pay to play, and discuss the lawfulness of online gambling.
Online gambling differs from in-person casino gambling in a few evident ways. There is little to no interaction betwixt the players and the dealer. In fact, there is no dealer -- all the games are controlled by computer programs.
Online casinos can offer dozens of different online gambling games.
There are also websites that offer online sports betting, which is another form of gambling. These websites allow users to place bets on athletic competitions of every kind, as well as other events like political races or the outcomes of reality TV shows.
Gambling online falls into a legal grey domain. While it is technically illegitimate in most of the United States, the prosecution and conviction of individual players is very difficult because they're gambling from home. It is also illegal for a gambling sites to operate within the United States, which is why the offices and servers of most online casinos are situated in other countries.
When you register for an online casino, you are asked to agree to the site's terms and conditions. Finding out whether or not gambling is legal where you live is your duty. You must also abide by any age limits set on gambling in your vicinity. If online gambling is illegal in your area, and authorities detect that you've won money, your winnings could be forfeit.
Issues of legal power and sovereignty make gambling laws even murkier.
Some of the countries that allow online casinos to function have strict guidelines and regulations that make sure the casinos operate legitimately. They make sure the casino pays out when participants win, and they ensure that published odds match the actual odds programmed into each game. Australian and Finnish online casinos are known for holding fast to national standards. Some countries are not so strict about regulating and may be more interested in taxing the casinos than making sure that they play fair. There are many online casinos to choose from, and it pays to do some search into the regulations they must follow when you select one.
The questionable lawfulness of online gambling makes things tricky for players in the United States and other locations that don't allow gambling. You can use a credit card to fill your account at an online casino, but most American credit card companies will not allow the dealing if they recognize that it is intended for a gambling site.
It is possible to open a bank account at an off-shore bank, which can then be furnished with funds for the gambling site.
Some Internet transaction services can be used to channelize funds into an online casino account. These services act like Paypal, but unlike Paypal, they can be used for gambling dealings. The easiest method is to send an international money order to the casino site, but this is a slow action and not all online casinos offer this option.
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