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CNN – Gambling online? You bet!

You might think that the prospect of competing against the likes of Microsoft would terrify a $20 million company like Inland. Together, these sites have about 4,300 registered customers in 96 countries around the world. And for sports bettors – who make up a majority of online gamblers, according to industry insiders – the ease of using cyberbookies can’t be beat. According to an analysis by Sue Schieder of Rolling Good Times, the online gambling magazine, the new legislation would not punish the casual bettor. (The company did not respond to repeated requests for an interview.)

Group calls for regulation of Net gambling

For years, another barrier to the growth of Internet gambling has been strong opposition from those most threatened by gambling sites: legal American casinos. For decades, Vegas was about the only legal option for gamblers. Legislators have considered enlisting Internet service providers to patrol for undesirable sites, although Internet gambling insiders consider that proposal dead on arrival. I’ve not had problems being paid.”

Today, Americans spend some $600 billion a year on legal gambling, making it by far the favored national pastime. Running an online casino carries all the usual challenges of Internet businesses, from low click-through rates to servers that fail. In 1997, published reports put the total number of operating online casinos at 15. The Justice Department doesn’t think that online casinos (including those that offer gambling on sports events) can legally conduct business in the United States, even if they are based in places where gambling is legal. If, on the other hand, an activity is in the physical world – betting on horses, or casino betting with Indian tribes – it becomes subject to federal criminal sanction when it occurs in cyberspace. attorney’s case involved the casinos’ sportsbooks. In November 1998, for example, a division of Hilton Hotels acquired the company that runs Centrebet, a Web and telephone sports-wagering system based in Australia (www.centrebet.com.au). The Standard obtained a Department of Justice analysis of the bill S. “And it is possible that records could be subpoenaed of various banks where these companies maintain accounts.”

Finally, the DoJ believes that any federal law must recognize that the Internet is different from other communications media: It’s a multifaceted communications medium that allows for both point-to-point transmission between two parties (like the telephone), as well as the widespread dissemination of information to a vast audience (like a newspaper). In a highly publicized March 1998 “raid,” Mary Jo White, the U.S. Their case is based on the 1961 Wire Act. “Think about what would happen to Wal-Mart (WMT), General Motors or Microsoft if these companies had to continue to dodge federal roadblocks to access their customers,” says Sebastian Sinclair, senior associate at Christiansen/Cummings Associates, a management consulting firm.

Second, legislation should be technology-neutral. The defendants, many of whom live abroad, were threatened with up to five years in prison and $250,000 fines. His equal partner is Australian tycoon Kerry Packer of the Crown Casino in Victoria. A Ninemsn spokesperson says that the site does not now offer online gambling and would not comment on future plans. Tony Cabot, an attorney specializing in gaming issues, says flatly, “When you see Kerry Packer get together with Microsoft, you have to believe there is a future for this type of wagering.”

Similarly, the Las Vegas-based public company American Wagering, owner of Leroy’s Horse and Sports Place in Nevada, also operates a sports gambling site located in Canberra called MegaSports (www.megasports.com.au).

But over the last several months, at least some traditional casinos have pursued the time-honored strategy of joining an Internet gambling trend that they can’t beat. “The telephone is being used to facilitate these wagers and I believe the government has a solid case,” explains Tony Cabot, a Las Vegas-based gaming lawyer and author of a book on Internet gaming. Blackjack players can very easily count cards, or even consult odds charts; the Kennyrogerscasino.com site actually has a printable chart showing the best strategy for every possible hand of blackjack. to gain access to offshore sites,” says Sebastian Sinclair of Christiansen/Cummings. Passed during the term of crime-fighter Attorney General Robert Kennedy, the law was intended to outlaw betting over telephone lines. But they say the more bettors, the better. “Since there are no controls at present regarding Internet wagering, I would urge investors to shun these firms at present,” he says.

Prosecutors focus on sports betting

Intriguingly, though, all the bets that make up the U.S. Justice believes that any legislation addressing criminal misuse of computers or computer systems (including the Internet) should have three vital characteristics. 474, introduced into the Senate by Arizona’s John Kyl in 1997 as the Internet Gambling Prohibition Act. Casino games are available on a site or via downloadable software. citizens, it will be increasingly tempting for them to turn to locations abroad. “We get daily reports, and you’ll see these people who spend a couple of hours gambling, and the total amount they bet is like $1.81,” says Thomas Holmes, Inland’s head of technology. In the ’70s, Atlantic City legalized casino gambling; in the ensuing decades, state lotteries, Indian casinos, gaming ships, offtrack betting parlors and card clubs have sprouted across the landscape.

That partnership leads many observers to believe that an online casino – using Microsoft platforms, of course – is in the works. As Timothy L. He claims Inland’s Internet gambling business went slightly into the black in March, on annualized revenues of about $1 million. “I wager on football games and usually bet in the neighborhood of $1,000 every weekend. In most cases, this means operating out of Australia. One Australian state, Queensland, is already awarding licenses for online gambling, and others may follow soon.

It’s not because they operate in any fundamentally different way. The Internet is presently unregulated and we support a federal law regulating Internet gambling.”

Is Microsoft betting too?

The potential action is too compelling for even the largest tech tycoons to resist. FBI agents placed bets on games – uniformly National Football League matches, although many other options are available – and followed up, whether they won or lost. In January, MegaSports began taking Internet bets from Australians; it expects soon to allow global gambling on sporting events. (The company’s Indian casino and Web-development divisions make more.) “This is the really exciting point, because I know where it goes from here,” Speer said in an interview. Estimates range from $650 million to $1 billion a year, worldwide – a tiny fraction of the amount spent on more traditional formats.

So how is it that these companies appear to operate legally, but a dozen Caribbean cowboys found themselves under felony indictment?

But even if Congress comes up with the best-crafted legislation in history, there are significant factors beyond its control. The minimum amount to begin an account varies. White’s hesitancy suggests that the law may not be as solid as she thought when she indicted. … Almost all online gambling sites work the same. (However, an HBO sports program attempted to locate one of these ventures in Aruba, and ultimately found that the genuine server was in a residential neighborhood in Bethlehem, Pa.) And the Caribbean nations would like to keep their haven status. Kyl introduced a revised version earlier this year, removing some of the more onerous and hard-to-enforce provisions. Today, a roster on one “gambling portal” site lists well over 200. In 1998, the Senate passed, by a large margin, an amendment prohibiting Internet gambling, but that bill died before becoming law. That makes for an Internet gambling environment too porous for U.S law enforcement to plug. Attorney White has proceeded slowly and quietly. Like the Communications Act passed in the 1930s, technology has now leapfrogged the law. But as more and more traditional firms become involved, the consumer will look for the brand name.

Internet Gambling Worldwide, Past and Future

Nonetheless, some experts think the case could be made to stick.

The office of U.S. About 2,000 years later, Bugsy Siegel took the concept a step further and built the Flamingo Hotel in the desert town of Las Vegas. If an activity is prohibited in the physical world but not on the Internet, the Internet becomes a safe haven for that criminal activity.

Gambling is as at least as old as Christianity (that is, if Ben Hur can be trusted).

The prosecutors’ focus on sports bets appears to stem from legal precedent in the law they relied on. Packer is a man with a voracious gambling appetite. Why should it be legal to bet online on a horse race in another state, but not legal to bet on a basketball game in one’s own state? If Native American tribes can establish new, legal, physical places where adults can gamble, why shouldn’t someone be able to do the same in cyberspace?

The original version of Kyl’s bill failed most of these tests. attorney for the Southern District of New York, indicted 14 managers of six Internet companies for offering gambling on their sites. At one point, Interactive Gaming looked like it could be an industry leader.

But a hard-core base will continue to turn to Internet betting for its clear advantages. “Federal legislation will make it difficult but not impossible for Internet gamblers in the U.S. attorney’s office theoretically operate out of the Caribbean.

But the growing acceptance of online betting and the Internet’s inherent ability to shatter jurisdictions bring the inconsistencies of American gaming law to a boil. Says Sinclair of Christiansen/Cummings: “You are going to feel more comfortable wagering with a Hilton than you will with Joe’s Casino.”

All the sites indicted by the U.S. But according to Inland CEO Don Speer, elusive profits need not be one of them. The American Gaming Association, a trade group of gaming firms, maintains this view regarding online wagering: “The industry has been state-regulated and we think it should remain that way. For one thing, gambling from one’s home allows for a variety of techniques that would get one tossed out of a regular casino. Nor would it prohibit online fantasy sports leagues, online lotteries in states where they are legal, or online betting on any live horse race where it would otherwise be lawful to wager. Failure to account for that specificity in legislation could stifle the Internet’s growth or chill its use as a communications tool.

First, legislation should treat physical activity and cyberactivity in the same way. Her higher-ups in the Justice Department appear to agree. “Ultimately, Internet gambling operators are selling a product.

More than a year later, however, no cases have come to trial, and nine defendants have accepted plea bargains for state misdemeanor charges with no jail time. Even the firms that have enjoyed some stock-price popularity – such as Youbet.com – have shaky fundamentals. One of Microsoft (MSFT)’s less-publicized adventures is Ninemsn, an Australia-based Internet service to which Bill Gates has pledged tens of millions of dollars.

The amount spent on Internet gambling is harder to calculate. Anyone over the age of 18 can set up an account with Centrebet and place money on a variety of worldwide sporting events, including U.S. has had little cooperation from any other nation. Bets generally range from $1 to as much as $300. Says Opel, “Bringing in the big names and established companies only adds credibility and visibility to what we’re already doing.”

Is it legal?

A few hurdles have to be cleared before such ventures can take off – beginning with the federal government. The Wire Act obviously has no mention of wagering over the Internet. But the travails associated with fending off lawsuits have essentially put the company out of business. That may suggest that, as some legal observers have argued, the 1961 federal Wire Act is too old and too loosely written to prohibit online gambling. Even the precise number of online casinos is hard to calculate. Inland, for example, operates two Web sites in addition to the one bearing Kenny Rogers’ likeness: Casinoaustralia.com and Goodluckclub.com.

Although it uses a CryptoLogic template similar to several other online casinos, Kennyrogerscasino.com may be unique in letting bettors wager as little as a penny at a time. college and professional sports. “I use the service because it’s convenient and I have access to it when I want,” says one online gambler. . O’Brien observes in Bad Bet, his comprehensive account of America’s gambling industry, “Judging by dollars spent, gambling is now more popular in America than baseball, the movies and Disneyland combined.”

If such gamblers are not satisfied by options available to U.S. They almost always include slots, blackjack and video poker, but many sites carry more exotic games, from baccarat to pai gow. Would-be wagerers open an account with a credit card, although some sites also accept cash and cashier’s checks. Legislation tied to a particular technology may quickly become obsolete and require further amendment.

Take Interactive Gaming and Communications, another publicly traded company, located in Blue Bell, Pa. That figure exaggerates the size of the Internet gambling sector, since some companies operate more than one online betting parlor.

One major barrier to profitability is the law. But following a 1997 indictment, the state of Missouri settled a suit against the company and its president, Michael Simone, for about $35,000. The vast majority of customers will satisfy their demand for commercial gambling through less onerous and risky alternatives, such as lotteries, bingo, pari-mutuels and casinos.”

Does the seeming invincibility of online gambling make it an enticing business? Jason Ader of Bear Stearns, urges caution. Aruba, for one, is refusing to extradite any indicted individuals to the U.S., and thus far the U.S

Online Sports Betting Tips, Odds & Lines At Bet Online Sportsbook

BetOnline is perfect for those who like to stay on top of all the latest sports & horse racing odds or play a few games in the online casino. You get an honest and educated opinion for people that truly love sports, and we are always updating the section to keep you up on what’s happening in current in the world of sports.

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The racebook is another fantastic section at BetOnline, as you can get a headstart on the Triple Crown season by reading over our articles to give you an idea of the winning horses.

At BetOnline, our company’s guiding principle is to establish long-lasting, positive relationships with our customers. We have built our reputation on giving our clients nothing but high-quality service and once you have worked with us, you will realize why we are regarded as a leader.. We don’t just focus on the Triple Crown at BetOnline; you can find information on races all year around and that will help you out when it comes time to watch the major thoroughbred horse races.

Head over to our world-famous sportsbook, where you will find live lines for all major sporting events, but that is not all because at BetOnline, you will also find the Betting Edge, which is a constant stream of advice from people that spend countless hours looking over trends and statistics, so you don’t have to. From poker to card games, slots and everything in between, we have you covered at BetOnline.

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A Beginners Guide To Betting On Greyhound Racing

These odds are going to determine the likelihood of a certain dog coming in a certain place through the race.

Using these two factors, greyhound racing betting sites will determine the prize that is going to be awarded. Online betting sites with “racebooks” set the greyhound racing betting odds.

The odds are available through the race and are created by the sports books. Many times, these prizes are outlined with the bet that is being made, allowing even beginners to determine the potential prize that is available with the bet that has been made.

Choosing between the many greyhound racing websites that are available is simple, when the reputation of the website is compared with the races and the bets that can be made.

Many online racebooks allow the bettor to take part in betting practices without actually being in the local area, as they can showcase the matches online with the use of the streaming video that can be presented to clients, allowing the clients to watch the races that are being bet on, with ease.

Using the odds and learning about the dogs and the specifics of the sport can be a great way to get into greyhound racing betting online.

The important odds to consider are the first, second and third for most bets that are being made. As one of the most popular types of animal racing in the world, greyhound racing betting has many different types of bets that can be made with many different types of outcomes. There are often multiple dogs that are involved in the race and the bets are made on the position that the dogs are going to arrive over the finish line. It is important to realize that the odds given for the race are accurate and the odds makers have years of experience in determining the results of the race and therefore the odds should be considered accordingly.

How can you determine what the prize will be once the bet has been made? The prize that will be given to the successful bettor depends on two factors; the amount that has been bet and the odds that are placed on the bet that has been made.

General Rules for Online Sports Betting

In any such situation, all bets are declared void and money is credited to the account of bettors. But, gradually they get to know that making money with betting is not that easy and it would not be surprising if all the invested money is lost. An advantage of doing so is you can learn the game rules and that too without putting money at stake. In this type of game, players can open an account and continue playing without investing real money. Every popular betting website has a strong backbone of rules and you must make a habit of playing at such sites only. But, it is really important to understand that opening multiple accounts increase the odds of losing money and thus it should be avoided completely. In the beginning, these sites and the returns they promise appear highly alluring. People think of it as a quick way of earning money and thus invest in such sites haphazardly. Players and especially the new ones fall prey to this trick and end up opening many accounts. Doubtlessly, there are many such reputed sites over the Internet but it may take some time for newbies to locate one. For more details on void bets, players should read the guidelines listed on the betting website itself. Just open a single account and keep placing bets through it only. Another thing that one can do initially to avoid losing money while placing bets on sports matches is playing football betting games. It is true that slight variations are there in rules and regulations of different sites but the set of general guidelines remain same throughout the industry. Kick360 is one of those very few websites that allow players to enjoy sports betting free of cost and bestow winners with real prizes. By doing so, they get a clear understanding of the working of the website and can avoid monetary losses greatly.

Author’s Bio: 

The author of this article owns a chain of online sports betting and loves to share his learning with other players. In all, it is a win-win situation and you should not miss it at all.

Want to know how to avoid losing money at sports betting sites? Well, think before investing and learn the rules of the industry. If you wish to learn more about Indian football game or betting on football then visit kick360.com.

In lieu of making more money, players are generally enticed to open multiple accounts and place bets using each of them.

The first guideline one should keep in mind in the game of online sports betting is rules play a crucial role and one cannot compromise with them at any point of time. To ensure that our valuable readers do not lose money right from the day one in sports betting, here below are general guidelines one can count upon.

Change in Date, Time or Venue. Wondering what to do next?

Never Open Multiple Accounts

Game of Rules

It is very common when sports matches are cancelled or postponed due to reasons like player injury, climatic conditions or any other unavoidable circumstances. For people residing in Asia, Kick360 is one amongst the most sought after betting sites and you can play here with a breeze.

If online betting had not been tempting, millions of people would not have been running after sports betting sites

Online Gambling, Casinos to ‘Sweep’ U.S. in 2012

“All we’re seeing is every single state proposing more and more legal gambling. Digital Gaming estimated that tax revenue for the states would be about 25 percent. And in Illinois, there are hopes that online tickets will increase sales for the lottery.

According to a 2010 Morgan Stanley report, analysts said that allowing Internet gambling could bring in $5 billion.

“It’s money and [states] can’t raise taxes anymore and they can’t cut services anymore so they need a way to raise money and gambling seems to pay more tax,” Rose said.

Regarding Internet gambling, Rose said states would have to require strict regulations to prevent gamblers from becoming addicts and to ensure that minors do not participate.

Keith Whyte, the executive director of the National Council on Problem Gambling, said there were a half a million youth ages 12-17 with gambling problems.

On Friday, the Justice Department reversed its previous stand on the 1961 Wire Act – saying that it applied to sports betting but not online gambling – after years of hunting down online casinos like the billion-dollar-plus Full Tilt Poker.

He said that poker would likely generate $12 billion a year in revenue for states and that the lotteries – already a $60 billion to $70 billion business – would continue to grow.

Bronson of U.S. Steve Beshear is pushing for expanded gambling in his state. … Gambling is seen as a painless tax, involuntary tax so it is an easy way to raise revenue without raising real taxes.”

In fact, Washington D.C. and Nevada are already poised to start online gambling, mostly poker. Digital Gaming, said the change would give states the ability to legally operate online gambling beginning with poker and also sell lottery tickets on the Internet.

He advised states looking to jump into online gambling to first do a study on the current rate of gambling addiction among youth and gambling adults to see whether there would be a spike.

I. In New York, the governor is pushing for the legalization of casino gambling.

“In some ways, we’re concerned that when these existing industries expand [under the new Justice Department rule] they’re going to do the same shoddy job of enforcing that they’re already doing,” Whyte said.

Image credit: Karen Bleier/AFP/Getty Images

He said that youth were already gambling online and that the industry was not doing a good job preventing it.

“We are about to see this explosion of Internet gambling sweep across the nation,” he said. He said online gaming would likely bring more visitors to casinos.

Rick Bronson, chairman of U.S. Kentucky’s Gov. Nelson Rose, Whittier Law School professor and expert on gaming law, called the Justice Department move a “major Christmas present for the Internet gambling community.”

Forget the monkey or the rooster, 2012 could be the year of the gambler and experts say that while that would mean more money in states’ pockets, it could also put young people and adults at further risk of addiction.

.

“States are looking to maximize revenue from gambling, but they also need to minimalize the social costs,” Whyte said.

This would be good news for Florida, where lawmakers are set to consider a measure to bring three casino resorts to the southern part of the state

French online betting in post-World Cup drive | Reuters

Previously, all legal online betting passed through state monopolies Francaise des Jeux and Paris Mutuel Urbain (PMU).

Pari Mutuel Urbain (PMU), the former monopoly for betting on horse racing, accounted for one-third of this amount as it sought to tell people it had expanded into other sports.

($1=.7748 Euro)

Austrian group Bwin, not yet well known in France, has invested more in advertising than la Francaise des Jeux, which benefits also from its 25,000 shops.

“Obviously, each individual country’s players are restricted then to their markets, which could damage the online poker business model.”

According to Global Betting & Gaming Consultants, the gross gambling yield — gross turnover less the amount paid out to players as winnings — is set to double in France from 2009 to 2011 to 665 million euros.

PARIS French online gaming revenues surged during the World Cup, following the implementation of a new gaming law aimed to lure players on legal sites, although half of them are still choosing illegal operators.

“It could be a problem for the poker industry if all these markets break down into individual countries.

For the poker industry, where online betting was legalized only at the end of June, operators are complaining that gamblers cannot play on “.com” websites that cross French borders.

Operators are betting on smartphones that allow customers to place bets anywhere, including even in stadiums. They are also relying on new technologies, such as betting directly via TV remote controls in gamblers’ own living rooms.

“It is well known that a large amount of players come in to bet on these big events and get out right after,” said Isabelle Parize, vice-chairman of Mangas Gaming, parent of the BetClic website, which already operated before the market was legalized.

“The question is to know how many players will stay and how much they will bet.”

(Reporting by Cyril Altmeyer; editing by Simon Jessop)

POOL OF PLAYERS

France made online sports betting legal in early June, just in time for the World Cup. It ruins the benefit of having a pool of players across Europe,” said Lorien Pilling, from GBGC.

Online gambling operators are looking for ways to keep customers betting in the wake of a World Cup frenzy fueled by the legalization of the market in France.

Operators invested 40.6 million euros in advertising, according to figures from WPP’s Kantar Media.

Before the market was legalized, the online gambling market was generating 3-3.5 billion euros of annual gross revenue, of which two thirds was illegal.

Media groups that opted for partnerships instead of becoming operators themselves could emerge as the real winners as they benefit from advertising revenue from new entrants eager to boost their image among potential online gamblers.

During the first month after legalization, 1.2 million French people chose to gamble on licensed sites, around half the total estimated number of players.

According to the French authority for online gambling and betting, operators garnered revenue of 107 million euros ($138 million) during the World Cup, including 70 percent on soccer, with an average stake of 10 euros.