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.

Gambling NCAA March Madness

When gambling NCAA March madness many bettors make the mistake of just placing large bets on the Number 1 seeded teams. This can be a mistake and can cost the bettor a lot of money. The experts who analyze the games and teams in the tournament know that there are a lot of other factors to consider when gambling NCAA March madness games. One of these factors is how a team has done all year against the point spread. If a team has a solid winning record, but has a poor Against the Spread (ATS) rating it is probably not a good idea to think it’ll start beating the spread in the tournament.

The experts also look at gambling NCAA March madness from the standpoint of home court advantage. This may sound at first like something that would not be a factor since the final four games are usually played at a neutral site. However, if Louisiana State University is in the final four and the games are being played in New Orleans, there is a definite home court advantage for LSU. New Orleans is only sixty miles from the LSU campus in Baton Rouge. Other factors to be considered when gambling NCAA March madness are how teams match up against each other in all aspects of the game including individual talent, team speed, and free throw shooting percentages, among others.

When gambling NCAA March madness it’s always a good idea to get the input of the expert basketball handicappers sportsbook. You don’t have to accept their recommendations, but what they have to say can often point you in the right direction.

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.