Top Online Gambling Rules to live by
Just like any other aspect in life, there are online gambling rules that you need to follow in order for you to succeed. Sure, playing casino games or betting on your favorite sports team can be a lot more unceremonious when done at the comfort of your own home https://wwl-symposium.org/ , but still there are rules that you need to understand to help you prepare for this rapidly growing segment of the gaming industry. For instance, since gambling has always been viewed as a risky venture, it is expected that government authorities will be closely watching and regulating it. If you know how to play by the rules, you will never fall prey to illegal gambling sites or the prying eyes of gaming authorities. So, here are the most important rules to keep in mind when playing online.
As you may know, minors are not allowed in any form of gambling. So, rule number one, you need to be at least 18 years of age if you want to play in online casinos or place bets in sportsbooking sites. The age limit has been set by US law. And even if you live in other countries that allow any game that involves laying odds, there is a big chance that they have similar age limit when it comes to any wagering activity. If your age qualifies, the next important rule to follow involves opening your own account with the gambling site you choose. No gaming site will allow you to play or place bets if you do not open a personal account with them.
Once you have set up your own online gambling account, you need to deposit a certain amount of money to fund your participation in gaming sites. In almost all cases, opening the mandatory account in a gaming site would require an initial deposit. Your subsequent deposits will also be governed by the rules of the gaming site. Pay special attention to the allowed modes of payment, not just for making deposits to your account but also for encashing your winnings. This will help you avoid problems with regard to moneyIt appears that many lawmakers have had enough of online gambling and want it to stop. The issues has been going on for nearly a decade and many states are quite perturbed that online gambling bypasses their state’s laws forbidding gambling. Senate Majority Leader Bill Frist is very upset and said on CSPAN that; Internet Gambling is illegal, it is that simple and that is the bottom line.
Of course he is not alone in this move to stop online gambling, as many states are upset who have gambling as it is cutting into their profits and tax revenues. States like Nevada, NJ and Mississippi are upset, because many of these online gambling operations are run offshore. Indian Casinos do not like it either and they all have been heavy handed in campaign contributions.
The new bill will have measures to prohibit the use of online checks, credit card use and electronic payments to settle bets, aimed at shutting down such operations. It also becomes a National Security Issue as it is believed that some of these illegal operations are funding our International Terrorist Enemies abroad, which there is proof suggesting many links.
Federal Officials have made some very big arrests from offshore companies very recently running illegal Internet Gambling Sites. Most of these illegal sites are operating outside the united states by criminal elements and this is a big issue. Hopefully we can catch the sneaky bad guys and prevent illegal gambling money from funding our enemies and the International TerroristsOn the 15th of February US Congressman from Virginia Bob Goodlatte reintroduced HR 4777, the “Internet Gambling Prohibition Act. ” Goodlatte hopes to pass the bill, which will amend the earlier Title 18 of the united states Code containing the Federal Wire Act passed in 1961. The Wire Act outlawed telephone betting by making it illegal to place bets by “wire transmission. ”
The explosion of Internet poker rooms and sports books in recent years was possible only as a result of the ambiguity surrounding the definition of “wire”. While opponents of Internet gambling insisted that the meaning included cable, satellite, and cellular technology, no court would uphold a conviction based on that definition. Goodlatte hopes to amend that by expanding the Code to include all forms of electronic transmission, as well as to include all types of betsAs of July 2005, according to Forrester polls, there were over 300, 000 gambling websites entertaining over 7, 000, 000 online gamblers. While the bulk of traffic to these websites initially came from the united states, that number is now around 40% as players are attracted from all over the world. If the bill is passed, the industry will shrink dramatically, and shift its focus to other nations. Meanwhile, online gamblers in the united states will be out of luck. “It’s amazing to me that this bill just might pass quietly with little or no resistance. ” says Catlett. “Anyone who enjoys gambling online really should write their State Representative to let them know why this bill shouldn’t go through.