Tag Archives: Internet Gambling

New Ideas For Online Gambling

23 Dec

The debate about how online gambling affects the economy is an ongoing debate, but there is no mistaking the fact that online gambling does affect the economy.

If you take a look at people that gamble online recreationally, then they may lose some money online gambling. Since internet gambling is technically illegal in the United States most people will gamble at an online casino that is based in another country. Any profits these casinos make from players in the United States helps to boost the economy of the country in which the casino is licensed. On the other hand if you win money online then you help bring more money into the economy of the country in which you live from the online casino games.

Oftentimes most studies related to internet gambling and the affect it has on the economy is often skewed by people who wish to show that internet gambling is either good or bad for the economy. Instead of simply trying to decipher the statistics researchers tend to put forth their own opinion when it comes to internet gambling and whether it is good for the economy or bad.

When poker games at live casinos became legal in California it led to an industry that had previously been played in the backrooms of bars illegally. When California legalized poker rooms it was able to profit financially from the players who previously played illegal “underground” poker games. In addition the legal poker rooms brought in more players, tourists, and also helped to increase the local economy by having the hotels and restaurants in the area staying fuller from people who visit to play in the legal California poker rooms.

No longer did poker players in California have to drive to Las Vegas to play poker. Now poker could be played in their backyard and this helped more money to stay in California as opposed to being spent in Las Vegas. Another major benefit that California experienced was the numerous jobs that were created both directly and indirectly by the newly legalized poker rooms in California.

Cases such as these help to prove that legalized gambling promotes economic growth, however the situation is a lot less clear when it comes to online gambling. If people play online poker then it would seem that it would definitely promote economic stability in the area where the money flows to. If a professional is able to earn $50,000 a year playing online poker then the area where the professional online poker player lives would benefit from his earning. The question comes from how the money flows. If the online professional earns $50,000 and other people in his area lose $100,000 a year does it really promote economic stability?

What we know for sure is that the countries that legally license online casinos are able to benefit by having an increased economy. The people who invest in and own the online casinos make money so where they live tend to have an improved economy that is directly related at least in part to online gambling.

Details About Internet Gambling

23 Dec

Online gambling has taken the entire world by storm. Millions of people all over the world are having fun and trying their luck at online slots, bingo, roulette, blackjack, and poker, and in some countries online sports betting is extremely popular too. Online betting has some advantages over live gambling. For one thing, there are plenty of people who simply don’t live close enough to a casino to travel there very much, if at all. Plus, online wagering can take place 24/7, and you can play from the comfort of your own home, in your favorite chair, with your dog next to you as your wingman.

While some online casinos offer sports betting, others don’t, and laws differ about where this is legal, so it’s a good idea to read up on the legality of online sports betting where you live before signing up. That said, if you want to participate in the exciting world of internet sports betting, you owe it to yourself to get educated before you put down any real money. Find out which casinos offer what types of bets, and learn all you can about spreads, handicapping, and how to hedge bets with different establishments offering different odds. Making those wagers, and especially winning, is a lot more fun when you feel like you know what you’re doing.

As for other casino online games, you should find out which games offer the lowest house edges, so you can play the games where you have the best chances of winning. Educate yourself on various casinos’ payout percentages, and whether their payouts are independently audited. This information is displayed on the website of any reputable web casino. In general, the games with the lowest house edges include craps, baccarat, poker, and blackjack. The “pass” bet on a come-out roll in craps has a house edge of just 1.4%, for example, and with baccarat, the house edge on “banker” bets is just 1.06%! On the other hand, “tie” bets at the baccarat table have a house edge of 14%, so you should avoid those. It’s easy to find out which games and which bets have the lowest house edges, and you should do so before putting any money down.

Another thing you should consider when playing at online casinos is their bonuses. Almost all of them offer nice sign-up bonuses, but there are specific rules as to which bets count toward being able to cash out your bonus, and which don’t. For example, most don’t allow you to hedge bets (for example by betting on black and red in roulette) as part of your play toward cashing out a bonus. Also check to see which casinos offer loyalty bonuses. These are becoming more common as a way of competing with the generous sign-up bonuses offered by so many.

There’s no question that having your own online casino guru can make a big difference in how much enjoyment you get from playing online. Take your time and compare sites before committing to any, and take advantage of free play opportunities so you can get an idea for the pace of the various games and determine which games you enjoy most. Learning a bit about where your best bets are and practicing the games can really pay of in terms of how much you enjoy gambling online.