September 9, 2019

Online Gambling 101: Things You Should Know

Online Gambling 101: Things You Should Know

A lot of people are often confused as to how online casino gaming or gambling differs from in-person casino gambling. Aside from the obvious fact that online gambling is operated by computer programs, online games like poker and blackjack usually move more quickly versus their real-life counterparts because there is little to no interaction between the players to slow things down.

How Do Online Casinos Work?

Online casinos feature dozens of different games that suit the needs of different players. For example, one website might feature slot machine games based on comic book characters, while some may have digitized versions of traditional casino games. Most online casino games are designed with fancy graphics and sound effects that mimic real slot machines. Players can also easily check the rules of each game with a single click of a button.

Most online casinos display more than sixty(60) games, including baccarat, blackjack, craps, roulette, slot games, video poker games and more. The rules of the online game versions are quite similar to their real-life counterparts. For example, in video poker or blackjack, the players decide on cards that can seriously affect the game’s outcome.  

Besides traditional casino games, there are also sites that offer sports betting, another form of gambling that’s pretty popular today. Sports betting sites allow users to place bets on all kinds of sports competitions—basketball, baseball, soccer, and more! In addition to that, you can also bet on special events like political elections, or reality TV show outcomes. These websites offer their own odds, which is actually tons better than odds usually offered by traditional bookmakers in Las Vegas (partly due to the lower overhead required in running an online betting site).

Instant Play vs Play For Fun

A considerable amount of online casinos offer “instant play” versions of their games, which usually run on Java. There’s also an option to download the casino’s software and play the games using a separate application. Other sites, however, only have a download-to-play option. You can try out the games for free with a play account with a couple thousand dollars. Of course, there’s no real payout money involved in these games.

There’s a difference between the odds in the “play for fun” versions and the real money versions of these online games. While there’s no definite confirmation to this, it has been reported that trying out the “play for fun” versions at quite a few online casinos often leads to huge imaginary bank accounts. If real money games paid off money that big, it would make the casinos go bankrupt quickly. Remember, just because you win a lot in the “play for fun” versions doesn’t mean that you’ll get the same success when you bet real money on the line.

Online Casinos and Online Gambling: Are They Legal?

Online gambling and online casinos often fall into a gray area. Although online gambling is technically illegal in most parts of the United States, it is very difficult to prosecute and convict individual players because they’re gambling from their own homes. It is also considered illegal to operate a gambling website within the United States, which is why most offices and servers of online casinos are located outside the country. Around 70 countries allow online gambling sites to establish business within their territory. These are:

  • Australia
  • New Zealand
  • South Korea
  • Denmark
  • Finland
  • France
  • Germany
  • And some parts of Canada

It is your responsibility to find out whether or not gambling is legal in your country or where you live. You must also follow the laws regarding age limits on gambling in your locality. If online gambling is illegal in your country, and the authorities discover that you’ve won money from playing games, they could end up taking away your winnings.

Laws on Jurisdiction and Sovereignty

What makes gambling laws around the world even more unclear are issues of jurisdiction and sovereignty. In the United States, for example, the Wire Wager Act makes it illegal to use electronic wiring method to transmit bets to places where gambling is considered illegal. This means a casino set up in, let’s say New Zealand, breaks U.S. law if a player in the U.S plays their games. But, the U.S. doesn’t really have any legal power to prosecute someone in another country. Because players rarely ever get prosecuted, we end up with an illegal act that eventually goes unpunished. In the same way, a player will also have a hard time using a casino that cheats him of his winnings if online gambling is illegal in his location.

Online Gambling Regulation

Some countries that do allow online casinos and gambling sites to set up shop and operate impose strict rules and guidelines to make sure that the casinos operate legally. These rules and regulations ensure that the casino pays out every time a player wins, and they make sure that published odds match the actual odds programmed into each and every game. Online casinos in Australia and Finland are known for their strict adherence to national standards. Other countries, on the other hand, are not so strict with regulations and are more focused on taxing the casinos rather than ensuring fair play. There are plenty of online casinos you can choose from, but it’s wise to do some research before choosing the one you play at.

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