Category Archives: Bet gambling

Bet gambling

CNN – Gambling online? You bet!

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. Kyl introduced a revised version earlier this year, removing some of the more onerous and hard-to-enforce provisions. Packer is a man with a voracious gambling appetite.

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

The prosecutors’ focus on sports bets appears to stem from legal precedent in the law they relied on.

Internet Gambling Worldwide, Past and Future

Gambling is as at least as old as Christianity (that is, if Ben Hur can be trusted). 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. Like the Communications Act passed in the 1930s, technology has now leapfrogged the law. “Ultimately, Internet gambling operators are selling a product. 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. 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. Even the precise number of online casinos is hard to calculate. In a highly publicized March 1998 “raid,” Mary Jo White, the U.S. “And it is possible that records could be subpoenaed of various banks where these companies maintain accounts.”

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). attorney for the Southern District of New York, indicted 14 managers of six Internet companies for offering gambling on their sites. 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). 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. For decades, Vegas was about the only legal option for gamblers. As Timothy L. His equal partner is Australian tycoon Kerry Packer of the Crown Casino in Victoria.

The amount spent on Internet gambling is harder to calculate. Would-be wagerers open an account with a credit card, although some sites also accept cash and cashier’s checks. 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.”

First, legislation should treat physical activity and cyberactivity in the same way.

Does the seeming invincibility of online gambling make it an enticing business? Jason Ader of Bear Stearns, urges caution. White’s hesitancy suggests that the law may not be as solid as she thought when she indicted.

Running an online casino carries all the usual challenges of Internet businesses, from low click-through rates to servers that fail. Together, these sites have about 4,300 registered customers in 96 countries around the world. “I wager on football games and usually bet in the neighborhood of $1,000 every weekend.

All the sites indicted by the U.S.

Today, Americans spend some $600 billion a year on legal gambling, making it by far the favored national pastime. Casino games are available on a site or via downloadable software.

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. Legislators have considered enlisting Internet service providers to patrol for undesirable sites, although Internet gambling insiders consider that proposal dead on arrival. In 1998, the Senate passed, by a large margin, an amendment prohibiting Internet gambling, but that bill died before becoming law. For one thing, gambling from one’s home allows for a variety of techniques that would get one tossed out of a regular casino.

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. But following a 1997 indictment, the state of Missouri settled a suit against the company and its president, Michael Simone, for about $35,000. But they say the more bettors, the better. 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.”

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). Estimates range from $650 million to $1 billion a year, worldwide – a tiny fraction of the amount spent on more traditional formats. “Since there are no controls at present regarding Internet wagering, I would urge investors to shun these firms at present,” he says. Attorney White has proceeded slowly and quietly.

Prosecutors focus on sports betting

Intriguingly, though, all the bets that make up the 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. 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. Says Sinclair of Christiansen/Cummings: “You are going to feel more comfortable wagering with a Hilton than you will with Joe’s Casino.”

The original version of Kyl’s bill failed most of these tests. Justice believes that any legislation addressing criminal misuse of computers or computer systems (including the Internet) should have three vital characteristics. Their case is based on the 1961 Wire Act. “Federal legislation will make it difficult but not impossible for Internet gamblers in the U.S. That makes for an Internet gambling environment too porous for U.S law enforcement to plug. They almost always include slots, blackjack and video poker, but many sites carry more exotic games, from baccarat to pai gow. attorney’s case involved the casinos’ sportsbooks. “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. 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. That figure exaggerates the size of the Internet gambling sector, since some companies operate more than one online betting parlor. Passed during the term of crime-fighter Attorney General Robert Kennedy, the law was intended to outlaw betting over telephone lines. In most cases, this means operating out of Australia. citizens, it will be increasingly tempting for them to turn to locations abroad. Bets generally range from $1 to as much as $300.

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. (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. Aruba, for one, is refusing to extradite any indicted individuals to the U.S., and thus far the U.S. 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. Inland, for example, operates two Web sites in addition to the one bearing Kenny Rogers’ likeness: Casinoaustralia.com and Goodluckclub.com. In 1997, published reports put the total number of operating online casinos at 15.

Is Microsoft betting too?

The potential action is too compelling for even the largest tech tycoons to resist. But the travails associated with fending off lawsuits have essentially put the company out of business.

Take Interactive Gaming and Communications, another publicly traded company, located in Blue Bell, Pa. college and professional sports.

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 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. Her higher-ups in the Justice Department appear to agree. He claims Inland’s Internet gambling business went slightly into the black in March, on annualized revenues of about $1 million. “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. But according to Inland CEO Don Speer, elusive profits need not be one of them.

If such gamblers are not satisfied by options available to U.S. to gain access to offshore sites,” says Sebastian Sinclair of Christiansen/Cummings. … The Wire Act obviously has no mention of wagering over the Internet. 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. Today, a roster on one “gambling portal” site lists well over 200.

But even if Congress comes up with the best-crafted legislation in history, there are significant factors beyond its control. The Standard obtained a Department of Justice analysis of the bill S. 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. “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.” . I’ve not had problems being paid.”

Second, legislation should be technology-neutral. “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. According to an analysis by Sue Schieder of Rolling Good Times, the online gambling magazine, the new legislation would not punish the casual bettor. Even the firms that have enjoyed some stock-price popularity – such as Youbet.com – have shaky fundamentals. Almost all online gambling sites work the same. (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. The office of U.S. The minimum amount to begin an account varies. 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. 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?

You might think that the prospect of competing against the likes of Microsoft would terrify a $20 million company like Inland. At one point, Interactive Gaming looked like it could be an industry leader. If an activity is prohibited in the physical world but not on the Internet, the Internet becomes a safe haven for that criminal activity.

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

That partnership leads many observers to believe that an online casino – using Microsoft platforms, of course – is in the works. One Australian state, Queensland, is already awarding licenses for online gambling, and others may follow soon. has had little cooperation from any other nation.

One major barrier to profitability is the law. 474, introduced into the Senate by Arizona’s John Kyl in 1997 as the Internet Gambling Prohibition Act. Failure to account for that specificity in legislation could stifle the Internet’s growth or chill its use as a communications tool.

But a hard-core base will continue to turn to Internet betting for its clear advantages. Legislation tied to a particular technology may quickly become obsolete and require further amendment. A Ninemsn spokesperson says that the site does not now offer online gambling and would not comment on future plans.

Nonetheless, some experts think the case could be made to stick. In January, MegaSports began taking Internet bets from Australians; it expects soon to allow global gambling on sporting events. The defendants, many of whom live abroad, were threatened with up to five years in prison and $250,000 fines. But as more and more traditional firms become involved, the consumer will look for the brand name. attorney’s office theoretically operate out of the Caribbean

Casino-Gaming :: Gambling Heroes | ArticleBiz.com

But today with the advent of online gaming any gambling aficionado can relish gaming while relaxing on his couch. For a person had to collect various ingredients such as cards, table, dice, coins etc. This is followed by a machine evaluation of the hands. It’s also known as twenty-one and pontoon in British English.

Some of the most common gambling games are poker, baccarat, blackjack, video poker, slot machines etc. Its addiction can be disastrous to the concerned person as well as his entire family.

Gambling is one amongst the most eminent sources of entertainment today. Nowadays the enticement of gambling is at a surge. It is legalized only at few places such as Las Vegas. People cherish these games across the globe. . One that relates to playing casino games and the other to bets on various sports. This sort of gambling can be within the four walls of a casino or at home. Internet is a good way to know about these moneymaking games. Broadly speaking gambling is of two forms. Besides this there is gambling related to gambling tables, deck of cards, slot machines and the like. The game of video poker is quite popular in Las Vegas.

Though gambling is also a good source of revenue yet is proclaimed illicit in most parts of the world. Blackjack is the game of card counting. Prior to playing any game it is better to get acquainted with its rules first. If the hand matches one of the winning hands in the posted pay schedule the machine offers a payout. Gambling is all about wagering money usually to acquire more wealth or even things of material significance. Few decades from now, gambling at home meant lot of expense and work. It is played by placing a bet of one or more credits and by inserting money into the machine. Blackjack is popular for card counting, a skill with which players can turn the odds of the game in their favor by making betting decisions based on the values of the cards known to remain in the deck. Poker is the well-known game of skill. However all the players should take gambling in a sporty spirit only. it provides a rule book for almost every game. to play. It is also the cause of livelihood for many people. In poker players make wagers into a central pot with fully or partially concealed cards. This is why apart from ordinary people it is commonplace to see celebrities gambling in some or the other big casino. The winner of the game (who has the best combination of cards) takes away this pot. After this the ‘deal’ button is to be pressed to draw the cards.

All these games have different rules and regulations. For instance betting on horse race, car races, sports betting are all different types of gaming because in these cases too a person puts an amount of money at stake, calculates the odds etc. Then the player gets a chance to hold or reject one or more of the cards in exchange for a new card, which is drawn by the player from the same virtual deck. Moreover with the arrival of online gambling, gaming has reached in every corner of the world

How To Master Sports Betting

Over time, you will learn what it should be that you should be paying attention to.

Because of this point, it is probably better if you steer clear from any matches involving the teams that you like. Business is business and you need to be concentrating on who is going to win regardless of who likes and who doesn’t like which team.

Information and doing your homework is important, but you don’t want to full into the trap of information overload. Travel is a factor such as when East Coast sides travel to the West Coast and vice versa. This means that when you place your bets you need to be thinking clearly and concisely. It doesn’t matter if it is pretty or not.

Speaking of the long run, this is what you should be focused on. You shouldn’t favor a team because they are the team your best friend supports. Thus when you are doing well, you will still be focused and when you aren’t doing so well you won’t be thinking that it’s the end of the world. Look for value bets. If you are going to do it you need to do it properly and master it, it means you are completely organized and focused. What is the point of drowning yourself in statistics and research for what you could just as easily decided with a flip of the coin? So you need to sift through it all and just take the morsels here and there which are really important and make a difference. You don’t want to lose money just because you weren’t on top of your game.

The most important thing is that you need to take emotion out of the equation. Hopefully this kind of thinking will keep you grounded. It is only going to place you in a difficult position and as much as you might think it won’t be, your decision making ability is going to be compromised. For instance, if you are pretty certain that a side is going to win and they are getting good odds for this than take this. On the flip side, you shouldn’t bet against a team because someone you don’t like roots for that team. So if you suffer a bad break along the way, just remember it goes with the territory. You can’t let the highs and lows affect you too much.

In the case of team sports, injuries are important. It could provide great insight as to predicting what will occur.

Sports betting is an easy way to make a tough living. The weather conditions also make a difference as they do in horse racing. You will be better off for doing so in the long run.. You want to know who trained and who didn’t. Upsets are always going to happen but see when it makes the most sense when to go for that and when not to. So do yourself a favor and swear off them. It’s all about accumulating winnings. Also look into how sides perform the week after doing certain travel. Anything less than this and it is going to be a disaster