The Game: Gambling On The Internet
Online gambling is any type of betting conducted over the internet. This includes casinos, live casinos and virtual poker. The first online gambling venue open to the public, was ticketing to the famous Liechtenstein International Poker Tournament in October 1994. This raised the profile of online gambling all over the world. Online gambling has become one of the fastest growing businesses on the web with more people signing up each day. The internet has become the ideal place for online gambling from a customer’s point of view because they can gamble from the comfort of their own home.
The other aspect of online gambling that attracts people is the fact that you can make your wagers without leaving your home. Some of these online casinos offer a 100% money back guarantee if you are not satisfied with your gambling experience. You don’t have to go out of your way to find an actual casino; you can simply use your favorite search engine to find the perfect gambling website for you. There are many advantages of betting over the internet; such as anonymity, convenience and flexibility.
Many people today do not have time to travel to the nearest casino; therefore online gambling provides a great alternative. If you want to place quick bets on horse racing, online gambling information sites offer you the best resources to help you choose the right bet. You can also find valuable tips and advice to help you succeed with your online wagers. With so much information at hand, the average gambler will have more than enough information to make a sound decision.
In the United States, online gambling is against the law although some states have legalized online gambling by placing small bets in an interactive site. The U.S government has made it illegal to operate an online casino without ensuring fair play for all of the participants. In order to protect players and ensure fair play, the government has set up the Interstate Betting Commission (IBC) to regulate online gambling across the state lines. The commission issues licenses to Internet gambling establishments and monitors their activities.
The IBC regulates sales and transactions of sports betting and online gambling in all 50 states. Although the commission does not monitor transactions in the same way that it does at live sports betting sites, it does ensure that Internet gambling meets certain standards. For example, all commission members must undergo background and credit checks. Anyone who violates the law is immediately banned from re-offering gambling services. This means that you can’t hire employees to place bets on your site or provide payment or other services to customers if you aren’t following the law.
Because there are no commissions on Internet gambling, the U.S. government has imposed financial penalties on individuals who transact transactions for money or take payments wirelessly to online gambling sites. Violation of the Wire Act can result in significant fines and penalties for the individual or company. The recent passing of the USA PAT act has made it illegal for any person to transfer funds to an Internet gambling site from a card or bank account.