Legalization Creates Business Opportunity in Internet Gambling

In Tom W. Bell’s address before the National Gambling Impact Study Commission, he presumed that eventually, internet gambling will be legalized. There are ongoing debates on the advantages and disadvantages of the legalization. It is also studied whether the claim of creating business opportunity in internet gambling is true. But experts say that, sooner or later, other states will also demand the same leeway that is given to Las Vegas in terms of gambling legality.

But even though there are designated gambling sites in the country, the development of technology makes it easier for people to access gambling sites online. In fact, people responded in recent studies that they will not fly to Las Vegas just to play in a legal casino. This is probably the reason why illegal gambling sites and fly-by-night gambling areas in the suburbs are created.

Well-meaning people who want to prevent gambling from being legalized have other interests to protect. Because the internet is readily accessible even to the youth, they fear that legalizing internet gambling might expose the young to early gambling activity. But currently, there are indeed minors who do play in online gambling sites. And there is very little that the government could do because the World Wide Web is too immense a sea of information to be monitored constantly to prevent minors from accessing it.

Another good thing about the business opportunity in internet gambling is that competition will beef up among gambling site operators. Each site will invest in its website and gambling games, making it as close to the physical gambling games as possible. The recreation of the experience in a real casino will become the ideal. And contrary to claims that gambling in one’s home is addicting and dangerous, it is not true. Going to a real casino poses real danger because that place is a controlled, carefully studied layout of making people spend everything that they brought there. Everywhere people go, there’s a slot machine waiting to get played. But if people would rather gamble online, people are still subject to external hindrances such as a crying baby or a spouse warning they’ve to stop after they’ve reached their 8th hour in gambling online.

Legalizing internet gambling is the best way to regulate these businesses. There is nothing much that laws can do in order to curtail gambling online. So instead of inhibiting online gambling, the government must legalize it and regulate it once it has been legalized. For now, they can simply focus their efforts on studying how to legalize the activity in order to generate more tax for developing social services. Once it has been legalized, online gamblers can be assured that this move will encourage more companies to join the online gambling industry.

With enough competition in the field and with regulation from the government, there can really be a lucrative business opportunity in internet gambling. Besides taxes that can help the government earn more, the creation of more gambling sites online will also create business opportunities for many people.

101 Gambling Tips For the Avid Gambler

While many of the gambling facts you may have picked up in Las Vegas can be useful in online gambling it’s important that you realize there are some critical differences. But with a knowledge of the facts surrounding your chosen game, and armed with some gambling tips from experienced online players, you will find online gambling not only a fascinating and exciting adventure bit also an opportunity to turn your gambling hobby into a profitable venture.

Critical Rules for Every Game

1. Never chase after your losses. Don’t increase your bets because you’re losing and want to get even; only increase your bets as part of a pre-determined strategy.
2. Don’t gamble at any game that you don’t understand. Learn it first.
3. Don’t gamble and drink at the same. It’s hard enough to win at gambling even without dulled senses.
Money Management – General Guidelines
4. You will lose more often than you win and the longer you play the more likely that fact is. And it’s true whether you’re talking about hands of blackjack, rolls of the roulette wheel or throws of the dice.
5. The key to winning is to maximize your wins and to minimize you losses.
6. Learn and memorize the odds at the particular game you have chosen to play as well as the best strategies to use in an effort to maximize your winnings at that particular game.
7. Never gamble with “dear” money; only gamble with “excess” money. In other words, never gamble with money that you will need, or may need, to pay your everyday living expenses.
8. If you’re playing against other players online this is doubly important. The minute you start gambling with “dear” money the other player will sense your heightened stress and play accordingly – often bullying you out of a bet because they know you are more tentative with your “dear” money.
9. Set a stop loss amount and stick to it. Divide your total gambling bankroll into four separate amounts. Divide each of those amounts into four smaller amounts. If you lose one of the smaller amounts, change tables or games or just take a break. If you lose your entire first allotment, stop gambling for the day.
10. Be disciplined and avoid the gambler’s demise of going into your next allotment because you feel like your luck “just has to turn around.”
11. Plan ahead. When you start a gambling session determine the amount that you want to win (be realistic) and when you reach that point put the money away and walk.
12. When you are winning, draw some money occasionally from your gambling bankroll and put it into a “do not touch” bankroll to protect that portion from further risk.
13. No money management system will ever overcome the house advantage over the long term. You will always lose more often than you win. The key is that you must win more big bets and lose more small bets.

Money Management – Positive Progression Systems

14. A Positive Progression System is one in which you increase the amount of your bets when you win and decrease the amounts of your bets when you lose. To use this system properly you must establish a “standard” betting unit.
15. Your “standard” betting unit should be a comfortable percentage of the gambling bankroll that you will be working with for a particular gambling session. For example, if your session’s bankroll is $100, you might make your “standard” betting unit $10.00. This way you would be able to play at least 10 betting events before running out of funds even if you lost all 10 events in a row.
16. These systems allow you to win relatively large amounts during a hot streak while helping to minimize your losses during cold streaks.
17. A common example of this strategy is to add one-half of the amounts you win to your next bet. For example, at blackjack if you win a hand with your “standard” betting unit of $10.00 you would add $5.00 to the bet on the next hand for a total bet of $15.00. If you win that hand you would add $7.50 to the $15.00 for a bet of $22.50 on the next hand. When you eventually lose a hand, return to your “standard” betting unit of $10.00 on the next hand and start the system all over. Of course in practice these increases of 50% will be approximate.
18. Another more complicated system is to always keep your bankroll divided into a certain number of units and then bet one unit on each event. As you win, your total bankroll becomes bigger so each unit will grow and you’ll be betting larger amounts. As you lose, your units, and bets, become smaller.
19. Establish a system for drawing some of the winnings from your gambling bankroll occasionally to put it into your “do not touch” bankroll. For example, when you double your bankroll you might take one-half of the winnings to put into the “do not touch” bankroll. If you experience a long winning streak using a Positive Progression System the winnings can grow dramatically.

Money Management – Negative Progression Systems

20. A Negative Progression System is one in which you increase the amount of your bets when you lose and decrease the amounts of your bets when you win. Again, to use this system properly you must establish your “standard” betting unit.
21. The most common negative progression system is the Martingale System. Here you double the amount of your bet if you lose and return to your “standard” betting unit when you win. For example, at blackjack if you bet $10.00 and lose you would bet $20.00 on the next hand. If you win that hand you would then reduce your bet to the “standard” $10.00 bet for the following hand. In all gambling, the Martingale system will always fail in the long run.
22. This system can be very frustrating because during a hot streak you are winning only your “standard” betting unit. And during cold streaks you are continually losing bigger and bigger amounts.
23. Remember, draw some money occasionally from your gambling bankroll winnings and put it into a “do not touch” bankroll.

Playing Roulette

24. American roulette is one of the worst casino games that you can play because the house advantage under standard rules is 5.26% or higher.
25. European roulette offers a lower house advantage under standard rules of 2.7% because there are fewer slots with only one “0” as opposed to the “0” and “00” in American roulette.
26. All bets on in American roulette give the house an advantage of 5.26% with one exception: the “0”, “00”, 1, 2, 3 combination bet gives the house a much larger 7.89% advantage.
27. All roulette betting systems rely on the inaccurate assumption that the result of previous spins can predict future results. Unless the system is defective or fixed, each spin carries the same odds as every other spin.
28. The most popular betting system at roulette is the negative progression system known as Martingale (see #17). As in all other games, the Martingale used in roulette will always fail in the long run.
29. Because of the heavy house advantage if you are playing not just for amusement but to win money you might as well take a shot at the higher payoff bets and hope that you get lucky.
30. Try a modified positive progression system at roulette. Divide the amount you are willing to lose at one roulette session into 35 “standard” betting units. Pick one number and bet one unit on that number (must be at least equal to the table minimum bet). Continue playing one unit on that same number until you either win or run out of your 35 unit bankroll. If you win, bet two units on the same number and continue betting two units on that number until you either win or lose your bankroll. If you win again, walk away!
31. Roulette is a relatively slow moving game compared to other online games, so it should take you a longer time to lose your bankroll.
32. Do not play roulette as a way to win money; the odds are too heavy in favor of the house. Play roulette only as a way to have fun and pass the time without losing a lot of money quickly.

Playing Baccarat

33. Baccarat is one of the easiest casino games to play and offers a relatively low advantage to the house of just 1.06%.
34. There may be as many as 12 to 14 players at a table, with the role as dealer passed around the table much as the dice are passed around a craps table.
35. All players may bet on each hand and the bets are either on the “player”, on the “dealer” or on a tie. With the exception of the tie bet, baccarat is much like betting heads or tails on the flip of a coin.
36. Neither banker nor player can make any decisions regarding play; the rules of the game stipulate what must be done with every hand and a house “dealer” supervising the game will direct the play accordingly.
37. Winning bets on the player or the dealer both pay even money, minus a 5% commission paid either at the time of the bet or when the player leaves the table.
38. Winning bets on a tie usually pay 8 to 1, again minus a 5% commission.
39. In an 8-deck game, the house advantage is slightly less for a “banker bet” and dramatically higher for a “tie bet”, so it seems most logical to bet only on the banker.
40. As in all online gambling, card counting is meaningless because the deck(s) is usually shuffled after each hand in baccarat.

Playing Blackjack

41. Blackjack offers one of the lowest house advantages at around .60%, but expert players can actually create situations where the player has an advantage.
42. For the serious player there are many complex strategies that require time and dedication to master.
43. Never just sit down cold at a table. Blackjack tends to be a game of streaks, so watch a table for a few hands to determine if it is a hot or cold table for the players.
44. A “soft” hand is a hand with an Ace that can be counted as either a 1 or an 11 in value and still keep the hand’s total at 21 or less.
45. A “hard” hand is a hand with an Ace that must be counted as 1 in value in order to keep the hand’s total at 21 or less.
46. A beginning or social player should stick to the generally accepted rules of the basic blackjack strategy.
47. Never be afraid to take a card that might bust you. Always play the odds; don’t let the fear of a bust stop you from taking a card when you know it’s the option with the highest probability of success no matter how small that probability may be.
48. Read one of the many excellent books on counting cards if you are serious about blackjack and willing to spend a lot of time practicing and perfecting your play. As in all online gambling, card counting is of little value because the deck(s) is usually shuffled after each hand. In blackjack, however, with many players at a table it may be beneficial for that one hand.

Playing Blackjack to Win – The Best Moves

49. Always split Aces and 8s as the odds are good that the two new hands will be dramatically better than either the soft 12 or hard 16.
50. Stand with a hard 12 or higher when the dealer is showing a 4, 5 or 6. The odds are good that the dealer may bust on the next card or that you will bust if you take another card.
51. Take a hit on anything below a hard 17 when the dealer is showing a 7 through an Ace. Don’t be afraid to bust!
52. Always double your bet when you’re dealt an 11.

Playing Blackjack to Lose – The Worst Moves

53. Never split 10s because you may very well be trading one excellent hand for two mediocre or bad hands.
54. Never take insurance since the odds significantly favor the dealer. Even if you’re holding a blackjack on the hand yourself you will be trading a high probability of winning a 1.5 to 1 payout in exchange for a guaranteed even money payout.
55. Never stand with a soft hand that totals less than a soft 17.

Playing Craps

56. Craps is an entertaining and fast paced dice game that offers some of the best odds for players, as low as a 1.41% house advantage and even lower for some bets.
57. Craps can be a very complicated game so if you are going to be a serious player read and absorb a good systems book.
58. Establish a “standard” betting unit that is lower than your “standard” betting unit in most other casino games because in craps it’s easy to get a lot of money on the table quickly during a long roll.

Playing Craps to Win – The Best Bets

59. If you just want to enjoy the game but play like you know what you’re doing, try a very simple strategy starting with a new roller.
60. The Don’t Pass line offers relatively good odds with just a 1.40% house advantage.
61. The Pass Line also offers relatively good odds with just a 1.41% house advantage.
62. Place a minimum amount of your “standard” unit bet on either the Pass Line or the Don’t Pass Line and save the majority of the unit to “take the odds” after the point is established. In doing this you will get true odds on that backup bet with no house advantage at all.
63. Place a bet on the six or the eight in dollar amounts that are a multiple of six. The house advantage on this bet is only 1.52% and if the number is rolled you’ll win $7.00 for every $6.00 you bet.

Playing Craps to Lose – The Worst Bets

64. All of these bets offer impressive payouts but even those high payouts are not enough to offset the big house advantage.
65. The “Any 7” bet, where you bet that the next roll will be a 7, provides the worst odds on the table with a house advantage of almost 17%.
66. The “Any Craps” bet, where you bet that the next roll will be a 2, 3 or 12, also offers bad odds with a house advantage of just over 11%.
67. The “Hardway” bets and the “Big 6” and “Big 8” bets are also poor odds with a house advantage of from 9% to 11%.

Playing Texas Hold-‘Em Poker

68. The more players there are at the table the higher the odds that at least one other player has a strong pocket hand, so be more cautious with your pre-flop betting.
69. Be careful betting a high pre-flop card unless you have a good kicker as well.
70. Determine early the types of players at your table – aggressive or cautious – and remember and adjust your determinations throughout the game.
71. At games where notes are allowed make a note on any player whose tendencies you identify. You may see them later at another table.
72. Bet or raise with a good hand; don’t let other players get free cards that might make their marginal hand into a strong one.
73. Don’t be predictable. Vary your play to confuse your opponents as to whether you are an aggressive or cautious player.
74. Don’t bluff often and try to establish a cautious reputation at the table so that when you do bluff your opponents will think you must have a good hand and be more reluctant to call your bluff.

Playing Slots – The Facts

75. The payback percentages for online slot machines are generally better than the payback percentages in live casinos.
76. The numbers revealed on a spin of the wheels on a slot machine do not show up in any order. The numbers are being selected constantly, not just when the handle is pulled. The numbers to be displayed on the wheels are randomly selected at the instant that the handle is pulled or the spin button is pushed.
77. It’s impossible to tell when a machine is about to hit.
78. A machine can go for very long periods of time without a significant jackpot or it could register several large jackpots in a row. It’s all random selection.
79. The number of coins you choose to play affects only the amount of your bet; it does not influence the selection of the numbers.
80. Slot machines can be set with different payback percentages as well as different hit percentages.
81. Payback is the percentage of the money bet that the machine will return to the players over the long term. It usually ranges from 75% to as much as 99%.
82. The hit percentage is the percent of the time that the machine will payout some money on a spin. This can vary widely, from under 10% to over 90%.
83. Machines that are set to pay off frequently will usually have more small payout amounts and fewer large jackpots.
84. Machines with a high hit percentage (those that are set to pay off frequently) are normally referred to as “loose” slots.
85. Machines with a low hit percentage (those that are set to seldom pay off) will usually have more large jackpots and few small payout amounts.
86. Machines with a low hit percentage (those that are set to pay off infrequently) are normally referred to as “tight” slots.
87. There is no universally accepted “good” slot machine; it depends on the individual player and whether he would prefer many small payouts or a chance for one large jackpot.

Playing Slots – Strategies

88. Because of the random nature of each individual machine no gaming strategy will work over the long run on slots.
89. Before you start a gambling session on slots determine the amount you want to win and resolve to withdraw your cash when you reach that goal.
90. Choose an online site that does not have a wagering requirement that must be met before you can withdraw your money.
91. With all other factors being equal, choose the online site that offers the biggest bonus to new players.
92. Because the house has an advantage in slots, playing with small bets for long periods is a sure-fire strategy to lose.
93. The key to improving your odds of winning lies in knowing which type of slot machine to play.
94. When selecting a slot to play, avoid those with huge jackpots; the best odds of winning lie in the machines with small jackpots because their most frequent payoffs will be of medium size.
95. Play only on small jackpot machines that offer as many beneficial bonus features as possible.
96. Look for machines that offer wild symbols as well as multipliers to improve your odds of winning.
97. Look for slots offering second-screen bonuses or free spins to improve your chances of winning.
98. Look for slots offering what is known as the “gamble” feature where your wins can be gambled for double-or-nothing for as many as five times.
99. When you reach your pre-determined target for winnings STOP and cash in your chips.

Finally, there are two critical rules to all gambling, including online gambling, that you must follow and these rules bear repeating:

100. Never gamble with “dear” money; only gamble with “excess” money. In other words, never gamble with money that you will need, or may need, to pay your everyday living expenses.
101. Set a limit to the amount of money you are willing to lose, and can afford to lose, and stick to it.

Top Gambling Payouts Found Here

How many times have you seen that one? You know, the bright flashy sign or logo claiming that the casino has the top gambling payouts. It may look all fine and dandy, but how do you know they are the top gambling payouts? You must fully educate yourself on how gambling payouts work in order to determine weather they indeed are the best ones available.

There are a lot of inexperienced gamblers mixed amongst the professionals. Just because you had a few good runs here and there doesn’t make you a gambling expert. I am quite sure you are aware of that. But there are ways for you to become better at gambling, and they aren’t all that difficult. It all begins with knowledge and education. Yes, who would ever think education has a big role in the world of online gambling?

If you patiences, determination, and a will to learn, you are already off to a good start. Read up on how gambling payouts work in general. Most casinos have their one set of rules and regulations that are put into place. Understanding these terms and conditions are essential before playing at the casino. You have to think with some sense of practicality if you want to fully understand the full spectrum of a gambling payout. Understanding payout percentages will help you find what casinos work best for you.

In general, payout percentages at casinos are formed by comparing the amount of winnings against actual amounts wagered, for all games. The terms are thrown around quite loosely at all these casinos, and they are usually just a way to attract players. The higher the payout rate the better. The payout percentage rates are known to fluctuate, and will change quite often actually. Just remember, not every payout percentage rate is the actual rate. This number should be correct, but who’s to say that it isn’t falsely advertised?

When you see a casino advertising that the top gambling payouts are found there, just remember that you shouldn’t dump all your money in that one casino. It’s similar to seeing a restaurant advertising “the best ribs in town”. Just because the restaurant claims their ribs are the best doesn’t really mean they are.

Always remember to think clearly when gambling online. Any type of online gambling can result in a significant loss of money if you aren’t careful. You should always treat your gambling experiences as pure entertainment. Gambling can be an incredible amount of fun if played responsibly. And you don’t have to believe that every casino has the top gambling payouts which will earn you the most amount of money.

Online Gambling – The Soaring Rise From the Global Economic Crisis

During these tough economic times, it is no surprise that land based casinos are losing money. You may have thought that people would be flocking to sportsbooks and casinos worldwide in order to gamble and hopefully win big as an aid to surviving the recession that the economic crisis has spawned.

However, it seems that the opposite is true. The lack of money for entertainment means that folks are foregoing those weekend trips to Las Vegas and other gambling meccas. They have even become unwilling to spend the money required for gasoline or public transportation in order to get to land based casinos that are within driving distance of their homes. You could ask any sports book or casino owner how the recession has treated their business, and most of them will tell you that they are losing money.

Experts in the gambling industry have observed a ripple effect taking place across the world. Determining the patterns of international gambling is the subject of a study that has released some surprising facts about the gambling industry. Online gambling is rising in popularity in spite of the economic crisis. In fact, in 2008, the total amount taken in worldwide by online gambling was more than 20 billion dollars, setting a new high record.

Why are people shying away from land-based casinos and using online casinos instead? Simply put, they can make their money go much further in an online casino. As mentioned above, people just do not want to part with their cash for airfare or for any other form of transportation in order to get to the casinos. They are using that money to go to online casinos, and having their gambling fun in the comfort of their homes.

The gambling industry is predicting that online gambling will continue to be quite popular for as long as the economic crisis goes on, and even beyond. People are not going to give up gambling. They may not wager as large an amount as they once did, but the lure of winning is too strong for them to stop completely. They will turn to online casinos as a way to continue their gambling habit for less money.

All that is needed for online gambling is a computer and an inexpensive broadband connection to the Internet. Anywhere you can use a laptop computer or a mobile phone is also a place where you can gamble. Unlike land-based casinos, online gambling allows you to practice many of the most popular games at no charge. You can get a feel for a game before investing any money in it, which can save money in the long run.

Those punters who are smokers and have seen their favourite casino or sports book turn into a smoke-free establishment are also bringing their gambling dollars to the online casinos. Gambling via the Internet means no restrictions on smoking, food or drink. There is no dress code to follow, and many consider online casinos much safer than land based casinos. Several of the big online casinos are responding to this influx of new customers by making online gambling even more fun and appealing. They are adding welcome bonuses and other promotions, holding tournaments, and featuring player customizable slot machines. Almost everything you can find at a land-based casino is available at online casinos, plus a whole lot more.

Online gambling is very convenient, offers a huge variety of games to tantalize the punter, and suits the entertainment budgets of those who are affected by the economic crisis. There is no doubt that the gambling industry is right on the threshold of even more growth as it grows more popular than ever.

Know the Internet Gambling Facts – Forget the Hype

When you first heard about internet gambling, you might have been surprised by the fact that it was allowed to happen. When live gambling in casinos is so heavily regulated, how could internet gambling be legal? And even if the law allows gambling, statistics would have to show that only fools would play, right?

Forget the hype, but know the facts.

Online Gambling – Is it Legal?

The answer to this question? It depends. There are two major federal laws related to internet gambling:

  • The Interstate Wire Act of 1961
  • The Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006

The first law made it illegal to use wire communication for gambling purposes. But, in 1961, lawmakers couldn’t have envisioned the internet. So although the internet does uses ‘wires,’ the exact meaning of the term allowed for too many loopholes.

So, in 2006, the second law was passed. It focuses on the online gambling company rather than the gambler. It is a felony for any company to accept any money related to online gambling. This is why the companies you can gamble with online are located outside of the US where it is difficult prosecute. But, the government also expects US Banks to stop money from going to these online companies. Because of this, you might eventually have trouble paying for online gambling with your US bank account or credit card. However, it is not a problem at the moment.

So while the federal government won’t come after internet gamblers, they could still be breaking the law. The UIGEA leaves it up to the states to determine whether or not internet gambling violates their state’s laws. Experts believe that any law states might pass would make it a misdemeanor to gamble online rather than a felony. And again, there is no expectation that states would pursue the gambler rather than the gambling company. But if you have any concerns, you should check with your state’s gaming commission to understand whether or not you are violating any state laws.

Basic Online Gambling Facts

There are several different types of online casinos, and we can only expect for them to get more elaborate as online gambling evolves. Today, the three main ones are:

  • Web-based Casinos – these casinos allow you to play without downloading software and the possible pop-ups or spyware that may come with it. These casinos will require that you have a higher speed internet connection than the other types, since you’ll be transferring the games and graphics across the web as you play.
  • Download-based Casinos – these sites require that you load their software onto your computer before you can gamble or play the games. These are generally faster, making them popular with players. Of course, you have to go through the initial set-up process, and you are risking the possibility of downloading software from an ‘unknown’ source – which always includes the chance that you could get a virus as well.
  • Live-based Casinos – here, you are actually playing in a ‘live’ or ‘chat’ environment. Today there are even webcam-based casinos where you can watch a live dealer and even other players. This is as close to a walk-in casino as you can get on the internet.

Safety is probably the largest concern that online gamblers have, but when it comes to gambling, statistics show that trust in the industry continues to increase. This is evident in the increase in the number of players and funds invested between 2000 and 2006. It is estimated that the industry grew from about $10 billion to more than $14 billion in just these six years. You can gamble online safely if you take the time to investigate your options. Before you invest your money in playing, check ecogra.org, an independent, nonprofit agency that rates and approves online gaming sites.