The Truth About Online Gambling and Credit Cards

The credit card companies lobbied for laws governing online gambling with credit cards, although one would think that people would be the ones hesitant to their credit or debit cards online.

The main reason behind the shift in laws is that too many people have made it a habit to create debt that they cannot repay. Lawsuits have pardoned the debt, paid lawyer fees in full and left credit histories untouched. This is good for the people in debt, but bad for the credit card companies who end up losing a lot of money.

Response from Credit Card Companies

Charge card companies have decided to exact stricter regulations regarding credit balances by amending the terms and conditions surrounding receiving a card. Now you find higher interest rates incurred for particular transactions, so hopefully the user thinks twice before creating debt in certain ways.

Avoiding Financial Difficulty

Many people struggle with gambling addiction and online gambling with charge cards make it easier to spend large amounts of money than when gambling at a land-based casino. Many land-based casinos even advise players to leave their cards at home, so that they are not tempted to spend more than they can afford. Visiting online casinos makes this discipline even harder because generally you access these games from home. It is best that you then have someone you trust take responsibility of your credit and debit card while you play so that you do not end up making rash decisions regarding your money.

What Does the Law Say?

Some countries and states have designated areas where gambling is legal and those where it is not. This means that you could easily be breaking the law when pursuing online gambling with credit and debit cards. Online gambling is already illegal in the United States of America and this has led to interesting convictions in courts whereby credit card companies are being persecuted for allowing the activity to take place instead of the player for gambling online.

No More PayPal

You can no longer use PayPal as a direct payment option for online gambling and the majority of accredited online gambling sites have removed any mention of PayPal. This means that players do not have the option of transferring money from their MasterCard or Visa to PayPal accounts in order to gamble online.

Credit institutions each have their own policies regarding online gambling with credit cards and it is best that you familiarize yourself with those that apply to you and your credit card company. American Express, for instance, offers credit services managed independently from other banking institutions, while MasterCard and Visa is affiliated with many different banks around the world.

If you still want to use your credit card for online gambling, some casinos have developed a method that bypasses PayPal and the credit card bans against online casinos. Simply put, you use your credit or debit card to buy a “gift card”. You then use the gift card in the online casino, and MasterCard, Visa or other card company sees a purchase for a gift card.

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Throw The Dice On Online Gambling Sites

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The game of gambling has achieved immense popularity in recent times. Card games like blackjack and poker have become staples of many club houses. This trend has also caught the fancy of the internet, leading to many online gambling websites coming up in recent times. The combination of entertainment with lucrative opportunity has proved to be a very attractive concept for many online users. This has grown to become a main mode of entertainment for both amateur and professional gamblers online. For many professionals the use of online gambling websites is a way to convert their hobbies and skills into a profit.

Over the years, growing professional commitments and lack of time have made it difficult for many amateur gamblers to experiment with their luck. The online gambling sites offer them a chance to play their favorite games online. This allows people to indulge in their favorite games like poker and roulette from the comforts of their offices and homes. The users can choose from the top rated gambling sites on the internet to practice their skills on.

Most gambling sites require the player to register and deposit a certain amount of money to begin playing. As a beginner or an amateur player, it is very important for the gambler to read the rules and regulations of the website and its benefits before choosing to register. Unless the player chooses the right online gambling websites, there is an impending risk of losing their money within a few games. This is why it is important for users to access gambling reviews for finding the best gambling sites on the internet. These websites offer detailed information about top rated gaming sites and the benefits they offer to people. This information can prove to be instrumental in the profit making ability of gamblers on these gambling sites.

Most gambling websites have a range of features which are created in order to attract more users to register and play on the website. The reviews provide detailed information about these financial aspects of the game and offer customers better insight into the process. With the help of these reviews, it is possible for users to choose the easiest gambling sites to deposit at, banking options and other facilities available on the website. It is advised that customers choose the right online gambling websites based on the bonus offered to them.

The easy accessibility of online gambling sites is one of their most attractive features. But not all websites offer the maximum benefits to customers. This is why it is very important that people choose to read through gambling sites reviews before opting to invest their money on one particular site. This will help them understand different factors like the bonuses available, registration fees and other transactional details thoroughly before beginning the game. However, it is important that customers choose a credible and trusted review site for their reviews. This will help them in choosing the best site for their gambling needs..

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Benefits of Online Gambling: Top Reasons to Gamble Online

The online gambling industry is the most profitable industry on the internet. Millions of people around the world are wagering on sports online, playing online poker, bingo and even the lottery online at any of the thousands of gambling sites available on the net. Even people who have never visited a land based casino or a local bookie are finding themselves visiting online casinos and poker rooms on a regular basis.

So, what makes gambling on the internet so appealing? Yes, you can play any game of your choice without having to leave your favorite chair. Still, you will not be served free drinks; you will not be able to watch the game you have wagered on from big TV screens; you can neither see the facial expressions of your poker opponents nor to hear the sounds of the coins fall from the slot machine when you hit the big jackpot…

Here are the benefits of gambling online comparing to traditional gambling:

Diversity: how else can you jump from an online poker room to the craps table and to a bingo hall while staying seated on your most comfortable chair? Most online casinos feature a large variety of casino table games, slots and video poker machines. Moreover, in many major online gambling companies you can switch from online casino gambling to online sports wagering with the same username and account.

Bonuses: where else can you receive free money to gamble with? Most online casinos offer free money bonuses in order to entice new customers and to keep up with the competition. The bonuses can start from 10 dollars free just for downloading the casino software to a couple of thousand dollars for completing a certain required amount of raked hands

Convenience: obliviously, what can be more convenient than playing your favorite casino game in the comfort of your own home while listening to your favorite music and drinking your favorite beer? Not to mention being able to put your dealer on hold each time up you want to take a break

Smoking and Dress Codes: whether you are a smoker or a non smoker, when you are gambling online you are free from obeying the rules. Same goes for dressing, eating and drinking; you can either smoke non stop or remain in a non smoking environment; wear your sloppiest clothes or stay naked; eat, drink, talk on the phone, watch TV, whatever

Atmosphere: when you are gambling online, there are not any cocktail waitresses who will sedate you with free drinks and distract you from beating the dealer. In addition, you can set an atmosphere of your choice that can include clocks or even a source of day light

Beginner Friendly: a land based casino can be an intimidating place for the newbie gambler. The average online casino, on the other hand, is much more beginner friendly than its brick and mortar equivalent. Interactive tutorials, play money modes and the option of avoiding social embarrassment caused by misunderstanding of the rules and codes of behavior is a more pleasant welcome for the novice casino gamer or poker player

Safety: yes, gambling online is usually safer than playing in a land based casino and carrying big amounts of cash money in your pocket. Most online casinos are reliable and respectable businesses that will not risk their reputation and lose their customers base by scamming their players

In addition to the list of benefits mentioned above, online gambling offers equal opportunity for people with disabilities or those who cannot afford traveling out of their state to play in a legal land based casino.

However, reading about the benefits of online gambling makes the huge popularity of online gambling, online poker playing and online sports wagering much easier to understand.

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US Students Are Ignoring Online Gambling Prohibition

Several new studies show that college students are flocking to online gambling websites in record numbers. The studies show a 12% increase in college students that participate in online gambling from two years ago. The unlawful Internet gambling enforcement act (UIGEA) was passed and became law in October 2006 by the government to curb the online gambling. But the UIGEA not deterred online gambling, but in fact has actually increased the Internet gambling activity.

The US is considered the top Internet gambling market in the world and now high school and college age students ages 14 to 22 are getting into the act. One of the studies was conducted by the Annenberg adolescent communication Institute at the University of Pennsylvania. This telephone study found that in college aged males 16% admitted to gambling online that figure is up from 4.4% in 2008. High school students who gamble online on a monthly basis were up from 2.7% to 6.2%. Of the participants virtually none admitted to weekly online gambling.

The woman in the study showed a significant jump in online gambling participation with high school females that gamble online monthly jumping from 0.5% to 1.5%. Women have been the driving force behind the explosion in poker in the US.

Online poker players have been lobbying the US Congress to repeal the current UIGEA law. The new bill passed the House Financial Services Committee, but doesn’t look like it will be voted on by the full house before the end of the year. With no vote this year a new bill have to be introduced in 2011. The idea of regulating online casinos and poker rooms has many politicians including it in their campaigns. Hoping that this will help many states increase tax revenue and help balance the state’s budget.

As a result of these studies it is projected that 400,000 college aged persons and 500,000 high school students gamble online at least once a month.

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Online gambling first appeared on the internet in the mid 1990s. In 1994 Microgaming software was founded and still has the corner market today in many of the online casinos. Microgaming is chip software that runs the various machines found in land and online casinos. There is some debate as to who was the first casino to pop up on the internet and most would say InterCasino first appeared in 1996. However; there are others who claim that Microgaming’s Gaming Club was the first online in 1995.

From the first casino to go live on the internet, casinos continue to improve their operations online and tweak the software, servers and connections that cater to the players on the World Wide Web. Regardless of slow bandwidth causing connection problems for the players, the industry still raked in an estimated $834 million in 1998.

Intertops was the first online sports-book to appear in 1996; however they have been in operation long before that by taking phone bets since 1983. Intertops is still going strong today and is satisfying over 180 countries with their service.

Online poker first sprang up at the start of 1998 and was facilitated by Planet Poker. Following suit was Paradise Poker in 1999, Party Poker and Poker Stars in 2001. Planet Poker is still in operation; however they no longer allow real money to exchange hands. By 2008 Party Poker had lost the lead in the industry to Poker Stars and Full Tilt Poker, estimated by the number of players online.

The popularity of online gambling does not seem to be decreasing since its birth. With state of the art technology, online casinos have the ability of offering real time play and instant spin capability, thus satisfying all sectors of the gambling industry and increasing revenue. The casino software available today is not only advanced for the players utmost enjoyment but is completely secure.

In 2010 the online gambling industry grew by 12.5% with gross revenues of close to $29.95 billion, regardless of the perceived recession. The online casino sector grew an estimated 13.3% in 2010 and brought in an estimated $2.67 billion. The most money contributing to the gambling revenue online is generated by sports betting at about $12 billion.

Online bingo stole the lead in being the fastest growing sector for 2010, estimated at 28.4% growth and to the tune of $2.67 billion. Although poker is the most talked about, it was deemed the slowest growing online gambling sector which generated about $5 million.

In 2006 many of the online gambling companies decided not to allow USA players spend money in their establishments anymore due to the uncertainty regarding laws of offshore gambling, following the passing of the Unlawful Internet Gambling Enforcement Act. There was a great debate regarding different states that were legally able to gamble and those who were not. Many of the casinos revised their policies regarding USA play since that time and now the majority of online gambling establishments will again accept USA players.

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