Aug

18

“How to Choose the Right Sportsbook!”

Liam Carroll

Liam Carroll

Liam Carroll is the creator of Sportsbook Investing, the premier website for making money with Understanding Sports Betting Odds. He has successfully been beating sportsbooks for years using his proven system and top sports picks based on lines, trends, angles, and years of experience. Learn about his system for FREE at http://markettenola.com
Liam Carroll

Options should be available that are ‘free’ or where the sportsbook absorbs the charges. These vary quite a bit from book to book. I have had at least three online sportsbooks go broke on me – luckily my losses were kept to a few thousand dollars – that may sound a lot but it could have been a lot worse.

Read press articles as opposed to reviews – reviews are usually written by the sportsbook’s marketing team.

Test run the software by joining and playing for free – most sportsbooks offer this facility.

Find out if your funds are insured or separated in ESCROW accounts so that if the sportsbook company goes under – your funds are still safe.

Find out if the sportsbook is independently audited.

How long has the operation been online – three to four years is usually a good marker as a minimum.

Test out the customer services to see if they meet your standards or the standards they promise you.

If you know about betting already, then check some of their odds and lines – are they in keeping with what you would expect? Some less scrupulous sportsbooks offer very attractive prices to lure unsuspecting bettors. Often these website owners know nothing about betting, do not hold accounts with the sportsbooks they are advertising and have not researched the companies they are involved with.

“How to Choose the Right Sportsbook!”

 by: Daniel B. Therefore you should think of the sportsbook you are considering as a bank – a place that you intend to keep funds long term. . King

You are keeping your money in an account online.

Find out if the sportsbook is part of a larger group of companies.

Well I am in a position to speak from some experience – I did at one time hold accounts with about sixty bookmakers in Europe, UK, Australia and offshore – the latter catering mainly to the US market.

So what do you look for:

It is not that easy finding a reputable sportsbook – partly because the web is populated by website owners who will sing the praises of a sportsbook or casino simply because they earn revenue from signing up customers via an affiliate program. The offshore books with whom I work are top grade but it is in the offshore environment that problems occasionally occur. It is, therefore, critical that those US customers put in the research before signing up.

The UK has a number of established books including William Hill, Ladbrokes, Coral, and Victor Chandler. Sometimes this means added solidity.

What are the deposit and withdrawal options and the associated charges. But ask yourself ; “how easy is it to get access to my money and how much does it cost?”

<< Back to “Recreation And Sports” Index

This article was posted on October 22, 2004

So you have decided to start betting online – or maybe you just want to find a new trustworthy sportsbook – what do you need to look out for?

I would say that US bettors are at most risk since they are generally forced to bet at offshore sportsbooks due to legality issues. I also like SportingBet (www.SBSportsbook.com) who take US customers and cater for global sports.

If you have already have an account with a sportsbook watch out for lapses in customer service and slowness of payment – these can be signs that the company could be in trouble.

Happy betting!

Not all the above are critical – but help towards finding a secure book Get More Info

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Aug

18

Online Betting Is Booming, Despite Critics

Liam Carroll

Liam Carroll

Liam Carroll is the creator of Sportsbook Investing, the premier website for making money with Understanding Sports Betting Odds. He has successfully been beating sportsbooks for years using his proven system and top sports picks based on lines, trends, angles, and years of experience. Learn about his system for FREE at http://markettenola.com
Liam Carroll

“But these companies will simply open an account for consumers at an offshore bank.”

Despite the anti-gaming efforts, the use of gambling Web sites continues to rise, says Ed Lopez, an analyst at Cyber Dialogue, an Internet services and research firm based in New York.

Online gaming — operated mostly by offshore, unregulated companies — has grown at an explosive rate. legislators consider the legality of online gaming, experts say that the business is flourishing overseas.

The number of Web-based gaming site users in the United States grew to 5.2 million in the first quarter of this year, up from 3.4 million in the third quarter of 1999, according to Cyber Dialogue.

In late June, Christian activists and conservatives pressured House Republican leaders into withdrawing the Internet Gambling Prohibition Act (H.R. laws to do away with gambling on the Net could harm his company, which licenses customized Internet gaming software to 60 Web-based gaming operations that derive about $2 billion from wagers placed in the United States.

“Our concern is that gaming regulations in each state will be overruled,” says Shelk. lawmakers who would like to put online gaming out of business.

Anti-gaming legislation, citing the dangers of addiction, crime and consumer debt, first made its way before Congress in early 1997. After working its way through the House at a snail’s pace, those those legislative efforts have recently become sidetracked.

“Prohibition didn’t lower the consumption of alcohol,” says Albe Angel, head of public policy at the Interactive Gaming Council. “We believe that the efforts of legislators to limit people’s rights to gamble online and short-sighted and inappropriate, and we think there ought to be a way for responsible companies to offer online wagering as a regulated product.”

“The gaming market is changing and the biggest area of growth is in places like Europe and Asia,” says Starrs. Richard Bryan, R-Nev., recently speculated, some big Nevada casino companies might be tempted to launch their own Web-based gaming operations.

“They think that this bill will stop people with credit using these sites,” says Sebastian Sinclair, an Internet analyst at investment bank Christiansen Capital Advisors in New York. Instead, the association is pushing for establishing the online gaming industry as a regulated business.

Bills Sidetracked in Congress

Lack of Jobs, Taxes Cited

Another anti-gaming bill’s prospects are also in doubt, say experts. 3125), a bill that prohibits gambling businesses from taking bets or wagers over the Internet, in order to toughen its language and alter its exceptions.

And in the absence of such laws, say observers, Internet gambling has flourished.

Starrs remains concerned that U.S. Most online gambling sites accept payment via credit card or let you wire cash electronically.

Global Gamble

Such restrictions simply mean he’ll concentrate his efforts in the rapidly expanding overseas market for Internet gaming, in particular nations like Europe and Australia, where the regulatory environment is much more friendly.

And by backing the outlawing of online gaming, the established casino industry is very shortsighted, Sinclair says. That’s because efforts by lawmakers to fight to outlaw the expanding Internet-based gambling industry have so far come to naught.

And if Congress is not able to tie up anti-gaming legislation soon, Sen. laws won’t mean he’ll be closing up shop.

The association has strongly opposed Internet-based casinos, arguing that those running offshore gaming sites are evading state taxes, licensing requirements and regulations, all of which apply to conventional bricks-and-mortar establishments.

While U.S.

Growth Amid Legislative Inaction

It might a legal gray area in the United States, but online gaming is still legal in many parts of Europe, Australia and the Caribbean. Indeed, the global online gaming market has the potential to grow to $10 billion by 2002, according to Internet research firms Frost & Sullivan and Datamonitor.

The trade group that represents the commercial casino entertainment industry disagrees with that assessment. “They thought that people wouldn’t go to theaters anymore, but they did keep going to see movies and now the video has become a whole new revenue source for the entertainment industry because it’s a different product.”

Ed Starrs may be a gambling man, but his latest bet has him worried.. There are now over 250 online casinos, 64 lotteries, 20 bingo games and 139 sports books in operation on the Internet, according to the National Gambling Impact Study Commission.

Starrs is president of Antigua-based Starnet Systems, one of a number of Internet gambling operations that have increasingly come under the scrutiny of U.S. “The United States government is missing the big picture here.”

Explosive Growth, Unchecked by Law

But so far, legislators have remained unable to push through Congress any substantial measures to curb Web wagering.

For its part, the Interactive Gaming Council, which represents Internet-based casino companies and companies like Starrs’, likens the prohibition of Internet gaming to the prohibition of alcohol. Accoring to John Shelk, vice president of the American Gaming Association in Washington, D.C., the mounting legal barriers will make it difficult for casino companies to get into online gaming.

“This is a global marketplace,” says Sinclair. “They are doing the same thing as the big entertainment companies like Disney tried to do when the VCR came out,” Sinclair says. “Other first world countries are considering changing their gaming laws to allow for online gaming so the United States could find itself out-of-sync with other countries as the market continues to grow.”

And for Starrs, whose company supplies around 40 percent of the world’s online gaming operations, even prohibitive U.S. 4419, is designed to stem the flow of funds to Web-based wagering sites by prohibiting the use of credit cards or other financial instruments for Internet gambling transactions. The measure, H.R. “This sort of business, when it comes in the form of bricks and mortar, brings in economic development in the form of jobs and taxes — Internet gaming does none of those things.”

But he appears to have little to fret over, at least for now Get More Info

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Aug

17

Online gambling and poker toe a confusing legal line

Liam Carroll

Liam Carroll

Liam Carroll is the creator of Sportsbook Investing, the premier website for making money with Understanding Sports Betting Odds. He has successfully been beating sportsbooks for years using his proven system and top sports picks based on lines, trends, angles, and years of experience. Learn about his system for FREE at http://markettenola.com
Liam Carroll

But the states still vary on which tests they use, and how they interpret the results — for example, some states say any degree of luck makes a game “chance-based,” while others allow some bit of chance in what they deem skill-based games. skill: Some games are easy to classify. But the business opportunity is big.”

Globally, it’s huge: Analysis firm Juniper Research estimates that gambling on mobile devices will hit $100 billion worldwide by 2017. It took a lot of work to get to this point, but now that it’s here I just don’t see it stopping.”

CNNMoney (New York) First published June 10, 2013: 5:57 AM ET

.

Skillz hopes that widespread pickup of skill-based betting “may be a precursor to [gambling on] games of chance,” Paradise said. A “material element” test discovers whether chance is an important component in determining the outcome of a game. Chess is considered a game of skill, for example, while a slot machine is a game of chance.

Some use the “predominance test,” which says that if a skilled player beats an unskilled competitor at least 75% of the time, that’s a game of skill.

Ultimate Gaming’s co-founder Tom Breitling said he thinks online poker will spread through the United States in one of two ways: Either federal legislation will legalize poker specifically and give states the right to opt out, or games-of-chance legislation will slowly be passed in the majority of states. Meanwhile, smaller upstarts like Skillz are taking advantage of the larger skill-based gaming field. In a case last year, a federal judge in New York ruled that poker is skill-based, adding another wrinkle to the state-by-state differences. It’s one of the biggest discussions in the industry.”

Related story: The hottest trend in games? Free

The poker problem: The No. states allow online betting on games that require at least a moderate degree of “skill.” Only three states — Nevada, Delaware and New Jersey — have legalized gambling on games of “chance,” which, under the law, includes poker.

Today, the only legal online poker service is the Las Vegas-based Ultimate Gaming, which launched UltimatePoker.com exclusively for Nevada residents in April.

But some are less clear cut: Despite rewarding skill, both poker and blackjack are considered games of chance.

The delineation can get squishy, and states use a handful of tests to help them classify, according to Paradise, the Skillz CEO. “But I think it will take five or more years before we see that really happen. The third test figures out whether a game requires a player to bet on his or her own ability to win a game (games of skill do, but games of chance don’t).

Games of chance vs.

But the road to change is murky: The rules vary by state, and they’re dependent on the very specific legal definitions of “gambling” versus “betting.”

Currently, 37 U.S. “And it could be so much bigger. betting platform for skill-based mobile games in April and partnered with Glu Mobile (GLUU) in May.

As of now, both gambling and betting apps have to tiptoe the divergent laws currently on the books. New Jersey officials didn’t reply to a request for comment on where its online poker plans stand, and Delaware Lottery director Vernon Kirk said his state hopes eventually to cut deals for its residents to play against people in other states.

The U.S.

Poker is generally considered a game of chance under the law, but that determination is hotly debated. That means residents of 47 states can’t play them online for money.

“We’re focusing on poker right now, but online gambling is a lot bigger than just that,” Breitling said. “The determination can be confusing between games and between states, both for players and companies. 1 most-debated issue in the field, however, is the Big Kahuna of online gambling — poker.

“The game-of-skill space has not been very well understood,” said Andrew Paradise, the CEO and founder of Skillz, which launched a U.S. gambling industry wants to legalize online chance games across the country, and its lobbying efforts are gaining some momentum Get More Info

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Aug

17

Online Gambling’s Good for U.S.

Liam Carroll

Liam Carroll

Liam Carroll is the creator of Sportsbook Investing, the premier website for making money with Understanding Sports Betting Odds. He has successfully been beating sportsbooks for years using his proven system and top sports picks based on lines, trends, angles, and years of experience. Learn about his system for FREE at http://markettenola.com
Liam Carroll

The necessity of maintaining a strong customer base would motivate legal American service providers to offer legitimate, reputable gambling sites.

In 2008, the global online gambling market was valued at $20 billion annually, with 50 percent of that demand coming from the U.S.. If the domestic marketplace demands online gambling, which it clearly does, it will be supplied with or without government consent. First, online technology renders prohibition futile. Along with the inefficient use of resources caused by prohibition, there’s the danger of unintentionally increasing the criminal element.

Patrick Basham is a Cato Institute adjunct scholar. Many of these sites were established in small nations with little or no regulatory oversight.

Gambling is one of the great successes of online commerce. As other jurisdictions identify the demand for online gambling, they have supplied this service to consumers.

Online gambling can be regulated effectively and without excessive cost, to standards that will provide strong protections for consumers and vulnerable players. The principal benefit of regulation to online players is the personal and legal security of funds, whereas currently players in unregulated environments have no legal recourse over matters such as suspected cheating and frozen assets.

. In addition, the technological and human capital required to locate offenders is substantial, as are the costs of prosecution and incarceration. He coauthored (with John Luik) the Democracy Institute book, Gambling: A Healthy Bet.

In recent years, it’s become clear to a growing number of policymakers, including Senate Majority Leader Harry Reid, that the ban on online gambling is a failure. Increased competition results in a more efficient allocation of resources, as gambling providers attempt to maintain and attract new customers.

The Internet has revealed the potential of technology not only to dramatically increase existing gambling opportunities but also to introduce new ones. The online gambling industry is merely another form of commerce where prohibition is the wrong option.

Federal prosecutors just dealt consumer freedom a terrible hand, shutting down the gambling website Bodog.com and indicting four company executives, including founder Calvin Ayre, for alleged illegal gambling that actually generated $100 million in customer winnings. As such, the Internet offers potential consumers convenient and inexpensive access to their favorite gambling sites, introducing competition into an industry once dominated by highly restrictive licensing practices.

For example, in 2009 there were 2,381 sites run by 493 companies licensed in 50 jurisdictions worldwide. Stopping American online gambling is truly mission impossible, with a vast number of insurmountable challenges facing governments that endeavor to criminalize online gambling.

A great degree of surveillance is required to detect online illegality, and there are significant difficulties in locating, investigating, and prosecuting online offenders. Not only will this increased competition result in a wider range of gambling activities, it will reduce cost to consumers. Many federal and state-level politicians want to legalize online gambling, which Congress made illegal in 2006.

Prohibitionists appear to ignore the fact that most gambling sites, like any reputable business, rely on customer loyalty to remain profitable. The ill-advised indictments handed down against Calvin Ayre and his Bodog colleagues cannot alter that fact.

This form of gambling also encourages private sector businesses to develop network capacity and commerce. Including unlicensed sites, the total rose to 6,000. This is especially true given service providers’ unrestrained access to overseas Internet sites in jurisdictions without online gambling restrictions.

Banning online gambling in the domestic American market simply results in the establishment of Internet gaming sites overseas. With legal online gambling, competition among operators would increase to such an extent that they will be forced by the marketplace, rather than by governments, to offer a reduced house advantage.

Second, consumer demand for online gambling and the government’s demand for tax revenues will create enormous pressure for legalization in any jurisdiction, such as the U.S., that currently operates a domestic ban.

Two additional factors contribute to the inevitable failure of prohibition. Ironically the anti-Bodog crackdown comes as the push for sensible regulation of the online gambling industry is gathering serious political momentum.

The current prohibitionist law is really a protectionist measure designed to support specific domestic operators, such as the websites run by the horse betting industry. As an international network, the Internet provides an instant detour around domestic prohibition.

Another major benefit of allowing online gambling is that competition will be introduced into a highly regulated marketplace dominated by licensed providers who monopolize the gaming market Get More Info

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Aug

16

Online Gambling: A Growing Addiction

Liam Carroll

Liam Carroll

Liam Carroll is the creator of Sportsbook Investing, the premier website for making money with Understanding Sports Betting Odds. He has successfully been beating sportsbooks for years using his proven system and top sports picks based on lines, trends, angles, and years of experience. Learn about his system for FREE at http://markettenola.com
Liam Carroll

That will always be there. Drawn in by the popularity of poker, half of all men in college are gambling on an monthly basis — even though betting on sports is illegal everywhere in the U.S. And when they caught on, he left his family and fled.

“I’ve heard other people compare it to a cocaine addiction, the high you get from that, and that’s the euphoria I felt,” he said.

“I became this person I didn’t know,” he said. The lining up the money, the handicapping of the game, the betting of the game, the watching of the game. As gambling on the Internet becomes more popular and more sites crop up, those numbers are expected to increase.

Mark Erickson always craved a piece of the action — so the accountant from Phoenix started betting on sports over the Internet.. He credits a 12-step program to helping him overcome his problem, and he has not gambled in almost four years.

“I think it’s a devastating illness, it’s an illness that if it’s not treated, it will end up that the person’s whole lifestyle will be affected,” said Ed Looney, executive director of Council on Compulsive Gambling of New Jersey.

The situation became so dire, that Erickson contemplated killing himself. The sharing of experiences with friends, family, like I’ve never seen before. There are an estimated 6 million people who deal with the problem in the United States. People love to bet on it. The college bowl games this weekend lead to the NFL playoffs and the Super Bowl. “The miracles I’ve experienced. By some estimates, $7 billion is wagered on the Super Bowl alone in casinos, online and with bookies.

It is now high season for sports betting. “But I thought this must be what I have to do. I got myself into this. “It’s American, like apple pie. Desperate, he began stealing from his clients. except Nevada.

‘A Devastating Illness’

Erickson is a compulsive gambler, a condition just as dangerous and debilitating as drug or alcohol addiction. People love to bet on their football games.”

Three and a half years ago, Erickson accrued $400,000 in gambling debts. I got to get myself out of it.

“Sports betting is the rock of Gibraltar,” Looney said. He considered going to Mexico and if he couldn’t kill himself there, he’d pay someone else to do it, he said.

If you or your loved ones has a gambling problem, help can be found at the National Council on Problem Gambling.

“Life is great,” Erickson said. “It becomes an all-consuming activity. Then, it’s March Madness, where many participate in an office betting pool.

But soon, it spiraled out of control.

After 23 days on the run, Erickson turned himself in. Win or lose, it didn’t matter to me, it just set me up to bet again.”

Nevertheless, the industry rakes in mind-boggling amounts of cash. He served a year in prison and now works for a compulsive gambling helpline. These are things that I avoided my whole life, not choosing to be a part of, but today I cherish them.”

The problem is affecting younger people as well Get More Info

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Aug

16

Cybergambling returns — and this time it’s legal

Liam Carroll

Liam Carroll

Liam Carroll is the creator of Sportsbook Investing, the premier website for making money with Understanding Sports Betting Odds. He has successfully been beating sportsbooks for years using his proven system and top sports picks based on lines, trends, angles, and years of experience. Learn about his system for FREE at http://markettenola.com
Liam Carroll

Others predict the overall U.S. market research firm H2 Gambling Capital, which focuses on the gaming industry, predicted about $300 million for New Jersey’s online casinos — or about $45 million in tax revenue, according to the New York Times. Chris Christie validated the vice in the waning weeks of 2013, saying he hoped to rake in $1 billion in casino revenues this year, of which the state will collect a 17 percent tax.

. In online casino gambling, it’s about the game more than the bet.”

Legalizing gambling across the U.S.

What happens online, stays online

Six other firms, including popular companies like WSOP.com and Ultimate Poker and other casinos like Caesars and the Golden Nugget, participated in the “soft play” launch of online gambling in New Jersey in November, the state’s Department of Gaming Enforcement Director Dave Rebuck said during a recent conference call.

“Prohibition simply does not work,” Geoff Freeman told a House panel on Dec. will generate – in addition to tax revenue from the proceeds at casinos – approximately 22,000 new online gambling-related jobs, Freeman testified.

“Last year, before a single state authorized legal online gaming, Americans spent nearly $3 billion on illegal, unregulated offshore gaming sites. That doesn’t translate online,” DeGaris told FoxNews.com. H2 said the industry was worth $33 billion in 2013, with $4.5 billion coming from mobile gambling on iPads, iPhones and smartphones.

“In sports gambling, it’s about the bet,” DeGaris said. Gov. — notably sports betting.

Prohibition failed – again

Last month, the president and CEO of the American Gaming Association testified before Congress and urged legislators to repeal their 7-year-old ban on Internet gambling.

To prevent unauthorized access, Virgin Casino physically locates gamers’ cellphones periodically. But new laws across the nation are rolling the rules back — and lawmakers think they’re holding a royal flush.

‘Last year, before a single state authorized legal online gaming, Americans spent nearly $3 billion.’

Many Americans simply ignored the ban, he noted, as the country did during Prohibition in the ’20s.

And New Jersey isn’t alone; eight other states have bills in the works that will allow Internet gambling as well. If your phone is off, or if you’re too near state borders, you may not be allowed to play.

“It’ll be interesting to see how this plays out,” said Laurence DeGaris, associate professor of marketing at the University of Indianapolis and an expert in Internet culture.

“Slots and roulette are very visceral games, lots of bells and whistles. “Blackjack and poker have a very human element that’s lost online. U.K. “That’s where I see the huge potential in online gambling, and I reckon the U.S. Nevada and Delaware also began offering some online gambling last year, but New Jersey is the first state to “fully” legalize it, said Lee Fenton, the chief operating officer of Gamesys.

Freeman said the Department of Justice has relaxed its views toward online gambling since 2011, and this could open up even more opportunities in the U.S. “Blackjack, slots. They play against the house at Virgin Casino, and they can finance their wagers with debit cards, credit cards, or in person.

Mega-entrepreneur Richard Branson’s Virgin Group is the latest entry in online gambling, teaming with the Tropicana Resort in Atlantic City and online game maker Gamesys to bring online poker, blackjack and slots to New Jersey this week. “The federal government has tried the prohibition approach – specifically the Unlawful Internet Gambling Enforcement Act of 2006 and the Wire Act – and through multiple Justice Department crackdowns on offshore operators as well.”

Globally, the business is even more lucrative. To put that into further context, Americans accounted for nearly 10 percent of the entire $33 billion worldwide online gaming market,” Freeman said.

But analysts are mostly rolling with Christie and the casinos. “If we are unable to determine that you are in New Jersey, you will be unable to play on Virgin Casino,” the site notes. Not just poker.”

- Geoff Freeman, president and CEO of the American Gaming Association

Not everyone agrees with the odds. 10. market could be worth as much as $9 billion in the coming years as other states, including California, legalize online wagering.

Players must be at least 21 years old, and either reside in New Jersey or be in the state when they place their bets. will catch up to the rest of the world and allow it at some point.”

“Those from other states can play, but they cannot wager,” Fenton said. “The technology is rolling out this week.”

“There will be many games to play online in New Jersey,” Fenton told FoxNews.com. Virgin could be holding a full house, but it could also fail before the flop.

Congress banned online gambling in 2006 Get More Info

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