How Internet Gambling Became a Multi-Billion Dollar Industry – gambling

Online wagering only began in the 1990s, but it didn’t take long for it to become a multi-million dollar business. The catalyst for the explosion in online gaming came in 1994, when the government of Antigua Barbuda, an island nation in the Caribbean, passed a law allowing online casinos to operate from their country.Naturally, many people saw this as a huge opportunity, and two of them, Andrew and Mark Rivkin, formed a company called Cryptologic to write software enabling safe handling of finances in online gambling with till-then unequalled encryption practices. Another big company was formed in 1994 too: Microgaming.Cryptologic and Microgaming were the two leading companies as afar as gaming technology. Cryptologic was first to make a fully operational gaming platform with electronic money account management. By the end of 1996, InterCasino was up and operational on the web – one of the very first online casinos. It wasn’t long before online casinos were a multi-million dollar industry. Not long after that it stepped up to being a multi-billion dollar industry.In 1997, Microgaming released Cash Splash, the first online progressive slots game. At this time, players from the US were a large chunk of the online betting population, and this fact drew the attention of Senator John Kyl (R-AZ), who started drafting various legislative bills to stop people from gambling online. The first of these, the Internet Gambling Prohibition Act, did not pass, and Americans continued their love affair with onlinebetting.Other world players coming on board the internet casino train during the late 1990s included Argentina, and UK territories Gibralter and Isle of Man, which began online sports betting sites. By 2001, the British Channel Islands legalized online betting, and later that year, there was a push to legalize internet wagering in the UK as a whole.In 2005, the UK Gambling Act was approved, and it was a boon for the internet casino industry. The law created the UK Gambling Commission to oversee all enforcement of regulations in licensing online gaming sites, preventing underage gambling and ensuring software fairness accreditation and reporting of monthly payout percentages. The Commission also investigates and prosecutes illegal gambling and basically is a very comprehensive online wagering regulatory agency. The UK’s internet wagering oversight is now considered a model for other countries that want to regulate online gambling.In October 2006, US legislators tried to legislate an end to betting online by American citizens with the Unlawful Internet Gambling Enforcement Act. Then-Senate Majority Leader Bill Frist (R-TN), attached the bill to a “must-pass” bill on Port Security aimed at combating global terrorism, claiming that online wagering proceeds were used by offshore companies to fund terrorism. But just before enforcement of this act was to go into place, new legislation was written allowing US citizens to participate in online gaming. Though it has passed from committee, there is no guess as to when or if it will be passed by the House and Senate. That means that currently, US online gamblers exist in a gray area of the law, though public sentiment is growing behind full legalization of online gambling in the US.

Gambling Systems – Do We Need Them? – gambling

Of course we do! Lets start by asking this question. What is gambling? Let’s continue by evaluating our main goal when we gamble. Can you please tell me which is our main goal in gambling? Is it to have fun playing cards or sitting hours in front of the slots machines? Of course not, our goal in gambling is to MAKE MONEY. And how do we do that? We do it by learning a gambling system!But, do gambling systems work? Can I make more money gambling with a gambling system? Are there 100% trusted gambling systems? These are only a few questions that always arise when dealing with gambling systems.To understand what a gambling system is we have to learn first what is a system. So first of all, let’s begin by defining a system. What is a system? A system, the dictionary definition, is “an assemblage of inter-related elements comprising a unified whole.” Wow, what a definition. I BET I can impress my mother in law with a sentence like that.Ok, now could you please explain the word system in easy to understand common day language? Sure, what this means is that a system is a group of related things, objects or events grouped together for a specific purpose. For example, everything in life is a system. We live in a solar system, this solar system has planets, moons and a sun. They are all related and they all have a purpose.When we step into a casino, poker room or online gambling site, the very first thing we do is make a gambling decision. Here are some of the gambling decisions and questions we make: Where do I sit? How much do I wager? Which type of slot machine do I choose? What are the odds of winning in this game? All of these decisions are related. They are all related in our purpose to make money and all of these decisions are the elements of our gambling system.When you play poker, every decision is an element of a gambling system. Believe it or not you already have a current gambling system, the way you play, your strategy, your bluffing, your folding, everything you do is your personal gambling system. The best part is that you can educate yourself in other systems and upgrade yours. There is a saying that says, no matter what you already know, you can always learn something from others.There are gambling systems for all type of games. Roulette systems, blackjack systems, craps systems, slot machine systems, poker systems, lottery systems, sports systems and horse racing systems. You can check out all these and other gambling systems at Gambling Systems.Why should I invest in a gambling system? Well for starters, they are not so expensive. If you can loose a couple of hundred bucks a day, every day you go visit a casino, that would come up to thousands. Then investing $50 to $100 bucks in a gambling system should not hurt that much.Remember that information is power. You want to be real informed on your odds and other great professional gambling advice. My parents always use to say, investing in education is the best investment. Education is something nobody can take away from you.Good luck in your gambling education. After all, isn’t that what we gamble for? To make money, If not, I propose changing the word gambling to losing.

Efforts to Legalize Online Gambling Again in the USA – gambling

The lobbying efforts to get Online Poker legalized in the country are only getting stronger. Poker lobbyists are backed by the multi-million dollar offshore gambling companies which are based in Antigua, Malta and other foreign sanctuaries. The lobbying efforts have been successful to some extent with the Obama administration agreeing to delay the implementation of the Unlawful Internet Gambling Enforcement Act (UIGEA) til June 2010. This has given some reprieve to online gaming operators who argue that if gaming is regularized in the United States it could generate billions of dollars of tax for the Administration. However not all are convinced. Opponents argue that online gambling would increase crime rate, threaten children and increase the overall percentage of Americans addicted to gambling. Some of the major opponents are National Football League, Focus on the Family and Republican Senators like Jon Kyl from Arizona.The primary support for legalizing online gambling are from Rep. Barney Frank (Mass.) and other Democrats who are leaving no stone unturned to legalize online gambling in the United States. Till this time online gaming lobbyists have spent more than $4 million in lobbying efforts to convince lawmakers that prohibition of online gaming is not a great idea. Other supporters include former Republican senator Alfonse M. D’Amato (N.Y.), chairman of the Poker Players Alliance who is the Chairman of the Poker Players Alliance. The Poker Players Alliance has 1.2 million members and funded by the Interactive Gaming Council, a Canada-based trade group for offshore gambling firms. John Papas, Executive Director of the Poker Players Alliance feels that prohibition is not going to succeed in any of the objectives for which it is intended. Another strong supporter of online gambling is Richard A. Gephardt whose firm is lobbying for PokerStars, a large poker gambling firm based in the Isle of Man.The opposition to online gaming is also very vociferous and strong. It includes the four major US sports leagues, religious groups and some casinos. Their argument states that online gambling and poker will take gambling right into the living rooms of Americans which is a dangerous proposition. It is fair as long as gambling is confined to ‘brick and mortar’ casinos or a lottery store. In US online gambling is illegal under a 1961 law which was focused on bookies using telephone lines for taking bets. The UIGEA is aimed to iron out any ambiguities that are present with Internet gambling. The new law will prevent banks from accepting credit card payments, checks or any other form of electronic payment related to online gambling. However, the hard lobbying by Poker Alliance and even the financial institutions has put it on hold til June ’10. Though the Obama administration is officially neutral on the issue, it needs to be seen which direction the boat sails after June.