Archive for August, 2010

Online Gambling Regulation in USA and Thereafter

Online gambling in United States of America (USA) is going through a tumultuous situation. The present Federal Act governing the online betting is known as UIGEA or Unlawful Internet Gambling Enforcement Act. This Act was passed in the US Congress along with SAFE PORT Act of 2006. At that time, the Republicans dominated the house and Junior Bush headed the government. The government was predominantly conservative in nature and was against gambling, especially the online ones. They were not able to ban online gambling but passed an act (Unlawful Internet Gambling Enforcement Act or UIGEA) that made online betting related payments illegal. The government had also arrested some payment processors regarding online gambling payments. After such incidents, many internet-based casinos stopped allowing virtual betting payers from USA. Freedom loving people of America started feeling the heat. They started feeling that their internet freedom is at stake. Freedom of choice was hampered by UIGEA, a Draconian law regarded by many.

Perceiving the mood of the general mass, Rep. Barney Frank had started a campaign against UIGEA. He tried to repeal UIGEA by bringing a motion in the year 2009. However, this motion was severely defeated in that year as the Republicans dominated the Congress. Discussions, debates and persuasions never stopped. In the year 2009, United States of America faced one of the most acute recessions of all times. This economic downturn made the coffers of the government empty. External borrowing increased and the investor confidence dipped. At this juncture, government started to find various avenues of increasing their revenue earning. Many people aired their view that revenue should be earned by taxing online gambling. This meant that the government had to make it legal in all terms and Unlawful Internet Gambling Enforcement Act repealed. In the mean time, the Presidential election saw win of Democrat candidate, Barrack Hussain Obama. He himself is a staunch supporter of online gambling and is a gaming aficionado too. Barney Frank kept on his campaign against UIGEA and approached PPA for support. He was successful. As a result of such huge support against Unlawful Internet Gambling Enforcement Act, the implementation of the ACT as a law was delayed by 6 months for discussion. UIGEA is rescheduled to be implemented from 1st of June 2010. Within this time, debates are scheduled and different proposals are heard. Barney Frank has placed two alternative proposals of online gambling regulation and taxation. These proposals are scheduled to be discussed in the House of Representatives. According to a KPMG survey and analysis, the free online gambling is supposed to expand at a 41% rate in the year 2012. The revenue that can be earned by taxing this swelling economy is enormous. Thus, government of United States of America is contemplating the idea of regulating and taxing internet based betting industry.

Frank has proposed two ideas, namely, HR 2267 (Internet Gambling Regulation, Consumer Protection, and Enforcement Act) and HR 2266 (the Reasonable Prudence in Regulation Act). Both these are highly pertaining to the current situation and popular mood.

David Chirstopher is a learned copywriter of online gambling. He has also been a regular free online gambling aficionado. Learn about the US legalities from her.

Leave a Comment more...

Gambling History 101

Gambling and casinos are not a modern day invention its roots are laid deep back through our ancestors. Archeological extracts and historians both strongly insist about the existence of gambling events carried out by predecessors. Almost all the civilizations throughout the world have separately revealed the practicing of gambling acts within their community. Our forefathers were proven enthusiasts in playing luck games based on dices or cards. Their obsession for gambling was such that they are believed to have risked a considerable amount of their wealth only for the sake of enjoying gamble. At times when they lost their entire riches the landlords and the kings would risk their lands and kingdoms on the boards of gamble. And when even this was not enough they are also supposed to have betted themselves or any other family member at the roll of a dice. Fate has ruled a man’s destiny since time immemorial and more so when a person is indulged in gambling.

While the wealthy were supposed to play gambles with massive fortunes at stake even the middle and the lowly were not left behind they would indulge with whatever they could manage for the game. With them there was also a secret lust to gain some easy riches. Desire to be wealthy in one shot is a theory ruling all the gambling centers worldwide. None will contradict that there is an innermost desire in all individuals to be rich overnight. Gambling had also been a very popular entertainment activity for our ancestors.

Extracts of dices and other objects that are somewhat like the modern day cards were excavated and this pointed towards gambling being practiced in as early as 14th century. The main countries where gambling was popular were Egypt, China, India and Rome. Earlier some of the rulers and kings had put a ban on gambling activities but later when they relieved this imposition people flocked at a common place to gamble and also some other events related to business or pleasure drinks were offered at those spots. Although some earlier governments were against this act but due to the ever-rising popularity of gambling games sooner or later almost all authorities legalized gambling joints. With this legalization of gamble began the formation of the present day widespread network of gambling centers around the globe.

Almost all the games played in present day casinos like the roulette, poker, playing cards, Black Jack, slots machines, craps and baccarat have a history of their own development to the form in which they are played today. Even the most acknowledged place of today, which is a heaven for casino lovers, the Las Vegas, has a rich history to depict its rise as the worlds most favored gambling center. Las Vegas did not emerge in one day as a city ruling the gambling sector throughout the world. It was earlier a abandoned valley but with people flocking there one by one and the government regulations being relaxed to obtain the residency of Las Vegas the city began growing. And finally legalized gambling led to an upcoming of the modern day casinos center of the world.

Mansi aggarwal writes about gambling history. Learn more at http://www.gamblingorigins.com

Leave a Comment more...

Online Poker Room Gambling

If you enjoy playing cards you may have heard of the growing popularity of online poker room gambling. This is due to the fact that improvements to internet technology have made online poker room gambling as exciting and fast paced as what you can find in a regular casino. The graphics at an online poker table are the best ever and the days of jumpy screens, slow play, and frequent disconnects are gone forever. You can register for free to play in a poker room and the action starts as soon as you make your first deposit to your completely secure account.

With online poker room gambling you get to make all of the decisions and there is never any pressure. You can choose the game you want to play and can play it at a limit, pot limit, or no limit table. You can also choose to play for high stakes or low stakes and can play any time you want from any location you want. You can enjoy Omaha for a while and the switch to another table where the game is either Texas Hold’em or another popular game. There are games going on 24 hours a day, seven days a week. You’ll also find that your winnings are paid promptly by a good online poker room gambling site.

There is no question that online poker room gambling has come of age. Thousands of people are playing at individual tournaments everyday and you can be one of them. Sign up now and take your seat. Then make your bets and have fun.

Professional SEO. He helps a number of online gambling sites like:

Internet Poker
Poker Affiliate Program

Leave a Comment more...

Understanding Spread Betting – Beginners Guide to Point Spreads

Point spreads, or just spreads, were created to make lop-sided games more interesting. Instead of just betting on whether a team wins or loses, you bet on whether the team is able to beat the point spread.

Spread betting is common in team sports where each team scores and the winner is the team with the most points like football, basketball and hockey.

A weak team doesn’t have to win to pay off. If they lose by less than the spread, then that’s considered a win (by anyone who bet on them at any rate). Conversely a strong team has to win by a lot to pay off. If they win by less than the spread, then that’s considered a loss.

Understanding Point Spreads

Point spreads are expressed by a number with a plus (+) or minus (-) sign in front. The minus sign means the team is the favorite and has to win by more than the spread. A plus sign means the team is the underdog and has to lose by less than the spread or win outright to payoff.

Spreads are always paired so if the favorite is -6.5, then the underdog will be +6.5. This is useful to remember because your local newspapers will often just show one number after a team name when slipping odds in to an article:

Indianapolis Colts -24 at St. Louis Rams

When you visit an online sportsbook like betED to place your bet, the spread will often have a second set of numbers in a similar format:

Indianapolis Colts -24 (-240)

St. Lous Rams +24 (-240)

The second set of numbers show how much money you have to bet to win $100. So in the above example, if you bet $240 on the Colts to win and the Colts win by 14 or more, you win your bet of $240 plus another $100.

If they win by just 12, then you lose your $240 bet.

You may wonder why you don’t win double your bet back since the point spread is supposed to make the odds of winning even no matter how lop-sided the match-up. However, you are not betting against the sportsbook. You are betting against other bettors and the sportsbook is just acting as an intermediary.

The extra $10 dollars for each $100 dollar bet is the commission the sportsbook takes for holding the bet. It is known as the vigorish or, more commonly, the vig.

The sportsbook wants to have exactly the same amount of money on each side thereby guaranteeing a profit regardless of the result. As bets come in, the spread or the vig will move up or down in order to entice bettors to one side or the other and keep both sides in balance.

Often you will see point spreads with a half a point like -24.5. This makes it impossible to tie. If there is a tie, Indianapolis wins by exactly 24 points in the above example, then the bet is a push and no money is won or lost.

Most reputable sportsbooks return the money, but you should definitely check what an individual sportsbook’s policy is before placing a point spread bet as some sportsbooks award a win or a loss on a push.

Betting Point Spreads

Betting point spreads can make an otherwise uneven game interesting. It can make a thrilling ending out of the final minutes of a lop-sided game.

If you’re a fan of a team that’s having a rough season, then betting point spreads can turn some of the team’s many losses into mini victories for you and bring excitement back in to a rebuilding season.

Professional gamblers examine every aspect of a game looking for some factor that the odds-maker may have missed when setting the spread that could make the difference between covering the spread or not.

Regardless of why you bet point spreads, it’s always important to never bet more than you can afford to lose. Betting on spreads can make games more enjoyable, but only if you bet responsibly.

Start betting point spreads or try betting on entertainment props with betED online sportsbook.

Leave a Comment more...

Know About Various Kinds of Poker and Bonus Codes

As the world has gone world wide with the advent of the internet, the poker lovers too are not out of the trend. In fact, the online poker has made its presence felt in a big way. Certainly, there are plenty of reasons that justify the huge popularity of the online poker games. The game is certainly more interesting in the virtual world, with the added comfort of being at home.

However, apart from these feel good factors there are certain other obvious reasons that have allured both the professional and amateur poker players to try the virtual world of online poker. The poker deposit bonuses are certainly one of them. Basically, they are meant for players who are trying the online version for the first time. In fact, there are three basic types of the bonuses that the online casinos offer to the players. Though the idea is same, the amount varies from one casino to another.

The first deposit bonus is certainly one of the more known offers available online. In all the cases, the amount of the first deposit bonus varies according to the amount of first time investment in a particular online casino. However, in most of the cases, the first deposit bonus is equal to the amount of the investment made by the player at the first time. Though the offers are very lucrative, often there are certain requirements that make the offer a bit tricky. Thus, a player has to fulfill the conditions to avail the bonus offered by the site. Like the bonuses, the wagering requirements too vary from one site to another.

Another very popular poker deposit bonus is the no deposit bonus. In fact, it is a type where a player receives the bonus without investing a single dollar to in the site. All the person has to do is to create an account in the online casino site that offers such bonus and he or she will receive the bonus within 3 days. Of course, the amount of the free deposit bonus varies according to the site. However, it remains somewhere between $3 and $50. So, with the help of this type of bonus, a player can enjoy the game without investing anything. However, the player will not be legible to receive the bonus if he invests money.

However, if you want to make the most of the bonuses, you have to use the poker bonus code. In fact, you will find sites that will offer you instant bonus codes and invest in the site. In return, you will get a considerable amount of bonus. Fixed deposit is another type of bonus. Though it is less known, it can be very effective for players who have little stake. Also, you can reinvest in a poker site and get the reload bonus.

Naturally, there are plenty of different bonuses available these days. It is important to that compare them and find out the most suitable one for you.

Are you keen to know about poker and poker deposit bonuses? Then a visit to the site casinator.com/poker-bonus-codes.php is a must. The site will tell you all you need to know about poker bonus code and how to get it.

Leave a Comment more...

« Older Entries
Copyright © 2024Casino Gambling Betting. All rights reserved.
GamCare | iDream theme by Templates Next | Powered by WordPress