Online gambling is any type of gambling conducted over the internet with no presence or interaction between players. This includes online casinos, live casinos and online poker. This is one of the fastest growing areas of online gambling. It has seen an uptrend in the last five years and shows no signs of slowing down.
The first online gambling site to open to the public, was ticketing for the famous Liechtenstein International Casino in October 1994. The first regulated online gambling house was the German Betfair which had very limited online casinos. After this, the US government legalized online gambling in January 1996. This brought in more regulation from the United States as all online casinos had to register with the state before offering credit to customers.
Since there are a wide variety of casino games on offer, online gambling has its pros and cons. Many feel that online gambling should be regulated just like regular casinos. This would mean that online casinos would need to have licenses to operate and a central gaming authority to run them. However, this does not seem to be the case as currently there are no legal restrictions on online gambling.
With online gambling online, people can play at their own convenience where as with land based gambling you have to travel to a licensed gambling room. The main disadvantage of online gambling online is the anonymity that it offers. You never know who is playing the game against you and this makes the game more unpredictable. You do not get to know the name or face of the other bettor. There are also many cases of online scams that take place.
If you plan to conduct successful gambling online, it is important that you have a regulated account. You need to ensure that all your withdraws and deposits are protected by various deposit and withdrawal methods. Some of the more common online gambling methods include: credit/debit cards, Paypal, wire transfers, local money transfer and Internet banking. Since online gambling does not regulate the amount of money that one can withdraw or deposit, it is important that you have proper strategies in place for your online gambling strategies.
The best online gambling strategies and advice can be found in the book: “Gambling: The Truth Behind the Game”, available on Amazon. A good place to find out more information is to visit the official website for the book and be well informed. You can join the online sports betting community and interact with other bettors. However, this is not an adequate substitute for professional advice.