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How Tempting Is Internet Gambling
We know for a fact that gambling is risky business, and unrestrained gambling is just asking for trouble. Compulsive gamblers already have a hard time restraining themselves from the call of casinos and bookies, and now Internet gambling just takes the ante a step further. With Internet gambling, you don’t need hard cash. Everything that is online is so easy to access. Play Baccarat, Blackjack, Craps, Keno, Roulette or Slots. Play all day, all night. Before the 1990s, gamblers who wanted to place a casino or sports type bet in the United States basically had two choices: they could travel to a legitimate brick-and-mortar gaming establishment or place an illegal wager through a bookie. However, with the emergence of the Internet in the mid-1990s, a new form of gambling appeared; Internet gambling through gaming casinos and sports wagering. Internet gambling can take place on any electronic device that offers Internet access anywhere on the globe. Internet gambling makes payment options for gambling individuals easy. They can just choose from several types of payment options other than credit cards. These include: VISA and MasterCard cards: These cards are tied directly to the cardholder’s bank account. Funds for all transactions are deducted directly from the cardholder’s bank account, but cardholders can make credit card-type transactions that do not require a personal identification number. Private-label debit cards: These cards are similar to check cards above but are issued by private companies rather than credit card associations. On-line payment providers: These companies send and receive funds electronically for such uses as on-line auctions and purchases. Wire transfers: Some Internet gambling sites promote this method of payment, which allows Internet gambling customers to wire money directly from a bank account to the site. “E-cash” or digital cash: It is a digital representation of real money that can be placed on a computer hard drive, smart card and other devices with memory. It can be purchased from an authorized provider. Internet gambling sites also offer money orders; traveler’s checks; bank drafts; cashier’s, certified, and personal checks; and a number of other electronic banking systems or processors as payment options. With Internet gambling’s easy payment options, even a non-gambler would be tempted to try. Statistics also show that Internet gambling has nearly doubled every year since 1997 – in 2001 it exceeded $2 billion. It also boasts 110 sport-related Internet gambling sites. According to the American Psychological Association, Internet gambling could be just as addictive as alcohol and drugs. This is a confession from quoted from The Gambling Problem Talking Point website: ”. . . I am addicted to online poker, not to mention soccer betting and casinos whenever I am in the vicinity of one. For the longest time I thought I had the beast under control. Thought I was smater than the pack, and shrewd enough to beat the pack. Considered my betting to be more of an investment than anything else. How much hav I lost gambling? I am afraid to tally. Has it ruined my life? Almost . . . I guess being from a wealthy family, it helped me to cover the tracks not to mention the losses. But enough is enough and I would like to kick the habit alltogether. I am sorry if I sound a little cocky or arrogant . . . I have a problem. And even now am half hearted to completely agree that I do have one. Will I continue to gamble? I am not sure. I would like to stop, but it is just so easy with the Internet and all. I guess if I was in NZ, I could join a group onj a regular basis and get some help in person. But in Malaysia, how do I do that? From reading some of the posts here, I share all the common symptoms. It is a disease, and can destroy the best of people, not to mention families and loved ones a like. What can I do? How can I help myself. . . ” Internet gambling is a very slippery slope. It can ruin your life and the life of your loved ones. So the next time Internet gambling knocks on your door, think twice.
Internet Gambling and Its Regulations
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Unlawful Internet Gambling Enforcement Act 2006 , What it means for Online Bingo?
At one time, the only means of gambling entertainment was a trip to Las Vegas. However, with the internet, access and reach to casinos has been made much easier. All you will need is a computer and an internet connection. There is no need of making any trip to a casino or of spending any money as hotel expenses, entrance fees to the casino and the food and drinks you need while playing bingo.
Internet gambling is both advantageous and disadvantageous. To the occasional gambler, who has a control on the amount of money that is being spent through gambling finds internet gambling advantageous. This is because they need not travel to a casino, and can play online games in the comfort to home. There is no need of spending any money trying to reach the casino as it is available in your home. Moreover, those who find it rather difficult to find a holiday to visit a casino need not wait for a holiday as online games can be played anytime.
However, with its easy accessibility anyone and everyone can play online gambling games. A child of 13 can play without the computer knowing the age of the player. So small children will be exposed to the evils of gambling at an early age with this easy accessibility to online casinos. Moreover, as online gambling is accessible any time, it is very possible for a gambler to spend more than is necessary, to end up in debt. There will be a lower percentage of control on accounts in online casinos.
So in a bid to curb online gambling in United States of America, the Unlawful Internet Gambling Enforcement Act 2006 was enacted in the year 2006. It was passed by the Congress government wherein the supply of U. S. gambling funds to foreign internet casinos has been cut off. This law was passed after seven difficult years of perseverance on the part of the government to pass the law.
Of course, with the passing of the bill, the online gambling world has fallen into a shock, wherein share prices have gone plummeting and online gambling operations closing their avenues in U. S. business. Of the total internet online gambling revenue, more than 50% is generated by U. S. citizens alone!
With the Unlawful Internet Gambling Enforcement Act 2006, it proves to be difficult for anyone who is interested in gambling to send money to internet gambling sites. This is because all the internet casinos have been banned from accepting credit cards, internet bank transfers and other forms of illegal gambling payments. Moreover, web site operators cannot provide links to gambling websites in accordance to the law.
And according to Unlawful Internet Gambling Enforcement Act 2006, violators of the law will most probably have their gambling licenses revoked. With this, any land or water based casino operator having a gambling website will only end up having its casinos shut down.
However, according to the law, free games are not considered to be a form of gambling. This is why the law does not affect free bingo games that much. There is a provision in the law that provides for online casinos offering free games like free game to offer points or credits to players wherein no money is offered as a prize. Instead, extra free games are offered as prizes. Though all other operators of free games have to stop giving points that can be redeemed as cash, free bingo sites can offer small cash prizes that are availed from the advertising budget.
With the Unlawful Internet Gambling Enforcement Act 2006, at least a single major online casino has pulled out from the U. S. market. Many more, like the greatest bingo hall are expected to follow suit. They intend to start operations in other countries like the United Kingdom, Italy or any other internet gambling friendly jurisdiction. These countries generally pass legislations legalizing and regulating the fundamentals of internet gambling.
So though European countries will be able to play online gambling as a gambling option, those in America will still be permitted to play free bingo as a form of entertainment and excitement in their website as before. The game and the entertainment it provides is the same; the only thing that is lost is its gambling vise!
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