Month: November 2020

The US Gambling Law & How It Affects US Players

In all things legal, there’s no substitution for the advice of a qualified lawyer. However, a general idea of where the law stands on gambling and poker is a good place to start if you have concerns about playing poker for money online.

The first thing you should know about US gambling laws is this: recent events have brought a lot of attention to online wagering and the passing of the Safe Pot Act, which included an important statute about online betting, will make sports betting and most online wagers involving money transfers, illegal.

The second thing you should know about gambling and poker: there is a big difference between something like sports betting and gambling in a skills game like poker or bridge. There’s also a sizeable difference between betting in roulette or on a slot machine. As yet, these different forms of gambling have not been treated in the same way by the law; a ruling that applies to sports betting doesn’t necessarily apply – at least not yet – to online poker.

The situation is still very confusing though.

One of the leading gambling law authorities in the US had this to say before the passing of the Unlawful Internet Gambling Enforcement Act of 2006: “No United States federal statute or regulation explicitly prohibits Internet gambling, either domestically or abroad.” However, the Wire Act contains the following subsection: “Whoever being engaged in the business of betting or wagering knowingly uses a wire communication facility for the transmission in interstate or foreign commerce of bets or wagers or information assisting in the placing of bets or wagers on any sporting event or contest, or for the transmission of a wire communication which entitles the recipient to receive money or credit as a result of bets or wagers, or for information assisting in the placing of bets or wagers, shall be fined under this title or imprisoned not more than two years, or both.” sbobet

It’s fairly easy to see why this statue, the Wire Act, was most often citied as the law that makes online gambling, specifically sports betting, illegal. Yet, even this important statute doesn’t explicitly state that online gambling, let alone online poker playing, is illegal. The wording of the statue suggests that it only applies to the individual involved in the “business of betting or wagering” not to the individual better or, in poker, to the individual player. See the case of Jay Cohen for more.

In 2006, the passing of the Unlawful Internet Gambling Enforcement Act changed the situation for online sports betters and, probably, for poker players as well. The act looks set to specifically target the transfer of money in the betting world.

Free games and forms of gambling that don’t involve the transfer of money will be unaffected by the bill, but just about every other form of gambling is, although it’s still considered unlikely that individual bet makers, let alone poker players involved wagers, will be targeted by state or federal governments.

Most of the attention in the Unlawful Internet Gambling Enforcement Act and the Wire Act is given to money transfer. As per the 2006 Act: “No person engaged in the business of betting or wagering may knowingly accept any money transfers in any way from a person participating in unlawful Internet gambling…[which]…includes credit cards, electronic fund transfers, and even paper checks. But it is limited to Internet gambling businesses, not mere players.”

The expectation is that all online transfers or transactions of money will require participants to provide valid and verifiable ID so that the transaction can be tracked and assessed.

 

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Tips on Gambling

Tips on gambling
Gambling is very serious business. It also tends to be very addictive. Most people tend to lose their senses when gambling. Here are some tips to be a successful gambler and to have control over oneself when gambling.

Tips for a new gambler:

1. Be well-versed with game you are playing:

Do not start playing until you are sure of how to play the game. One tip is to send and watch others playing and to start playing when you are confident as to how to play the game.

2. Gamble only the amount of money you can lose:

Do not go to the casino if you are in dire need of money. Gamble only when you are assured of your financial situation.

3. Have control and spend only half of the money you are willing to spend at the casino:

Suppose if you have $50 then spend only $25.this way you can give yourself a second chance another day.

4. Do not get greedy:

If you lose all the money you have on the same day, then you are greedy.

5. Do not let your emotions overtake you:

If you have a good win on a particular day, do not get over emotional or elated and do not play with too much money the next time or the same day. Next time you might not win like the previous session and you might even be a loser.

Tips for a new gambler:

6. Go on increasing betting money steadily:

Start gambling with minimum money. Increasing the betting amount steadily and as you start winning. Put no limits on the winning money.

7. Always have target of minimal profit: UFABET

Set your winning target a little low. If you have a higher target for the money you want to make, you tend to lose what you have won earlier and you may not reach you target and hence become frustrated and disappointed.

8. Your approach to the gambling game should be realistic:

Do not expect to win every time you gamble. Sometimes you might face only losses.

Some general tips:

o Do not spend your winnings:

Keep the money you win as savings and try to spend the principle amount only. This will avoid any distress at the end of the game.

o Know how to put a stop at the right time:

Even if you are winning, do not go on with the game. Try to put a stop to the game at the right time. Looking at more and more wins will result only in loss at the end of the game. So feel satisfied at what you have won and come play another day.

o Try to limit gambling to a minimum:

Try and avoid gambling daily. Have a fixed schedule and have the discipline not to go on other days which are not in your schedule. This way you will not be burdened too much.

o Know the games which give you the most wins:

Before you start to gamble, get an idea of the games which have given more wins in the past. Play these games more frequently than others.

Slot machines are rated as the best gambling game by many people and these tend give lots of wins.

Thus above are some of the best gambling tips and following these tips will ensure successful gambling to some extent.

Bob has been writing articles online for nearly 2 years now. Not only does this author specialize in Tips on gambling, you can also check out his latest website about:

 

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Free Slots Online Find New Audience

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In the event that you are totally concerned about revealing private details on the internet, there’s a big chance that you might want to choose the option that will allow you to play the free slots online without using your credit card.

 

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