There exist hundreds of different types of gambling one can find online: online poker, sports betting, horse races, casino games... you can even find websites where you can bet real money on games of scrabble!
The ONLINE GAMBLING industry is booming, especially in this day and age. People are at home more and more frequently and when they're not working - they're still looking for new ways to make money.
Well, we checked out a variety of websites and found out the basics on ONLINE GAMBLING:
1. Online Gambling CAN BE LEGAL.
Of course, it depends on each individual website and each individual state/country you're playing from. And that's the key to that answer: Where are YOU playing from? It doesn't matter where the Online Casino resides - only where you do.
Checks for your earnings are typically mailed from accounts outside the U.S. or through wire transfers. Some online casinos will offer the option to apply funds back into accounts you originally withdrew from, ie. credit cards, bank accounts, etc.
Currently, the U.S. has done little to address this issue and it has become a fairly grey area when the law is concerned. Only Texas, Louisiana, Nevada, and Illinois have specific legislation to stop online gambling. But that's constantly changing and recent rumors conspire that even those states may reverse their laws to allow for it... providing such websites and players pay taxes!
A great source of specific info can be found if you Google: Internet Gaming Commission.
2. ONLINE GAMBLING CAN BE FUN AS HELL!
I started out with $50 and within an hour had doubled my earnings. I came back a few days later and used that money to join an online poker tournament, where I spent the next 4 hours playing in a heated competition. But, as quickly as I won it - that's how fast I eventually lost it. The biggest problem is that most casinos require you only "Cash Out" for larger than you start amounts. So, if you put in $50 and get as high as $90. You can't cash out. You have to play more, make more, and then check out. I happen to lose every time I tried to make that last $10 to cash out. Soon enough, that $10 become $20... $30... and before too long - I was done. But it sure was fun in the meantime.
3. ONLINE GAMBLING CAN CREATE REALITY OPPORTUNITIES!
Various online poker tournaments can translate to real and huge money. In the 2008 World Championship of Poker - winners took home MILLIONS of dollars. The winners were invited to participate in a slew of Actual Vegas Casino tournaments and continued their trends of winning big.
4. ONLINE GAMBLING is... well... A GAMBLE.
According to an article on MSNBC, an Internet gambling site employee used codes to CHEAT in a variety of tournaments and hands and eventually won between $400,000 and $700,000. Imagine being one of his/her innumerable victims. There isn't any "returning of funds" or any happy ending to the guy or gal who lost $1000's because of this fraud. It is what it is. You lose you lose.
All in all... Online Gambling is exactly how it sounds. Be cautious. There are hackers - ready to steal your bank account information and credit card numbers. There are employees with codes who can cheat their way to hundreds of thousands of dollars, some of which should've been your money. And there are more pop up ads than you can possibly fathom.
But... if you get passed all that crap - there is fun to be had and money to be won. It's like Real Vegas - keep away from the hustlers, the cheaters, and the distractions and you can have a hell of a time!
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