Tag Archives: online gambling
Online Gambling: Legalize it?
Over and over again, internet gambling bills are being defeated here in the U.S. This just shows that open online gambling and online poker in America are still a ways off. The country has always been fairly strict about gambling laws and regulations, but seems to give a little bit here and there. The only way to really boost the online gambling industry is to consider the pros and cons of having it legalized here in the country. Here is a list of some of the pros and cons of having online poker legalized in the United States.
Legalized online gambling actually offers some benefits to gamblers, gambling mediums, as well as the government. To start out, we will talk about how it affects the gamblers. Online gambling can be a risky business for gamblers as many times they will win big but never receive a check. There are a lot of scam artists out there taking advantage of gamers. Legalized gambling will not do away with this fact, but it can help you to find better and more secure sites. You could look for sites that are licensed with the state and hopefully stay from any type of fraud. These licensed sites would provide reliable and honest sites for online poker and sports betting. This will also help gamblers who live in states that do not currently allow gambling. There are people in these states that get online to play a few hands of online poker and are considered felons. This would open up the industry to a lot more people who enjoy the rush of it.
Gambling websites gain a lot because they can retain large financial institutions such as VISA and MasterCard who just dropped out of all online gambling sites here in the U.S. Gambling websites would not have to be worried about being involved in illegal actions and can work to improve the site for customers and turning over a profit. This would also free up time for the Government to attack other illegal acts instead of just gambling. Not only that, the government would profit from revenues generated from the online poker sites.
The cons include those people who would hate to see gambling overrun the country. There are many conservatives who analyze the addictive qualities of gambling and find the riskiness of it an unhealthy practice for Americans. Also, there are a lot of sites that would rather stay out of country and find under-the-table forms of transactions in order to avoid taxes on their earnings in the U.S. These few hangups probably won’t come into consideration for a while, however, since the U.S. is still a long ways off of getting to that point.
101 Gambling Tips for the Avid Gambler (Page 1 of 6)
While many of the gambling facts you may have picked up in Las Vegas can be useful in online gambling its important that you realize there are some critical differences. But with a knowledge of the facts surrounding your chosen game, and armed with some gambling tips from experienced online players, you will find online gambling not only a fascinating and exciting adventure bit also an opportunity to turn your gambling hobby into a profitable venture.
Critical Rules for Every Game
1. Never chase after your losses. Dont increase your bets because youre losing and want to get even; only increase your bets as part of a pre-determined strategy.
2. Dont gamble at any game that you dont understand. Learn it first.
3. Dont gamble and drink at the same. Its hard enough to win at gambling even without dulled senses.
Money Management General Guidelines
4. You will lose more often than you win and the longer you play the more likely that fact is. And its true whether youre talking about hands of blackjack, rolls of the roulette wheel or throws of the dice
5. The key to winning is to maximize your wins and to minimize you losses.
6. Learn and memorize the odds at the particular game you have chosen to play as well as the best strategies to use in an effort to maximize your winnings at that particular game.
7. Never gamble with “dear” money; only gamble with “excess” money. In other words, never gamble with money that you will need, or may need, to pay your everyday living expenses.
8. If youre playing against other players online this is doubly important. The minute you start gambling with “dear” money the other player will sense your heightened stress and play accordingly often bullying you out of a bet because they know you are more tentative with your “dear” money.
9. Set a stop loss amount and stick to it. Divide your total gambling bankroll into four separate amounts. Divide each of those amounts into four smaller amounts. If you lose one of the smaller amounts, change tables or games or just take a break. If you lose your entire first allotment, stop gambling for the day.
10. Be disciplined and avoid the gamblers demise of going into your next allotment because you feel like your luck “just has to turn around.”
11. Plan ahead. When you start a gambling session determine the amount that you want to win (be realistic) and when you reach that point put the money away and walk.
12. When you are winning, draw some money occasionally from your gambling bankroll and put it into a “do not touch” bankroll to protect that portion from further risk.
13. No money management system will ever overcome the house advantage over the long term. You will always lose more often than you win. The key is that you must win more big bets and lose more small bets.
Money Management Positive Progression Systems
14. A Positive Progression System is one in which you increase the amount of your bets when you win and decrease the amounts of your bets when you lose. To use this system properly you must establish a “standard” betting unit.