Offshore Gambling – The Truth About Offshore Gambling!

Well to begin this discussion let me open up and say that no matter what you have heard, offshore gambling is going strong and will continue to be so. This issue will be debated, chewed up and perhaps new laws revised for years to come on whether online gambling is illegal or not. The simple fact of the matter still remains that about 75% of worldwide offshore gambling audience is credited to Americans meaning that at this writing no regulations are being strictly enforced.

For the past few years there has been many overnight internet casinos that get the website owners rich and then leaving you with no money to be had on earnings won, not so much anymore a thing of the past now. This is something you no doubt already know if you already enjoy the benefits of internet gambling as a good player is always cautious with their money and will learn and study the adversary first before continuing. That’s why I cannot stress enough to learn about the casino you plan on investing in first as still to this day there is only a handful or so of casinos online that can really call themselves offshore gambling centers.

The key to dealing with offshore gambling outfits is to find a reputable online casino with a proven history of paying and a huge client list showing long-term commitment. Though it is true that online betting is not legal in some countries, many companies have adapted to this by bringing their games offshore to countries that are more encouraging to this style of play. What happened here was a lot of these offshore gambling companies would not let US based players join their online casino anymore and from there it was like a domino effect as most other internet gambling companies followed suit, no pun intended, somewhat scared there could be some illegal ties to that country because of their laws so proprietors abandoned the whole idea.

How did offshore gambling all start, you may ask? The efforts of American land based casinos along with the government to fight vigorously to keep more money in their pockets by keeping online gambling illegal was only going to last so long. In November 2002, the United States Court of Appeals for the Fifth Circuit judged that the 1961 Federal Wire Act does not prohibit Internet gambling on a game of chance. And with that ruling and the emergence of the Internet in recent years has made the offshore gambling community explode exponentially. With the enormous opportunities and life-like atmospheres that Internet gambling gives, you can understand how it’s become so trendy.

How to Source the Best Gambling Promotions

For many years now, gambling has been growing, in terms of both popularity and accessibility. With the advent of Internet gambling, many people who did not have casinos in their area can now take part in this fun, exciting and potentially profitable pastime.

If you like sports betting, casino games, poker or even wagering on horse races you will find many offers on the internet to entice you to sign up with one particular gambling site or another.

The internet is clearly the largest place on earth to find the greatest gambling special offers and promotions. Gambling online literally and virtually allows people to visit the greatest gambling places on earth.

You can now bet online with some of the largest and most famous names in the betting industry and the larger companies will have some great promotions for bettors to take advantage of.

It is hard to define what makes the best gambling offers. Particularly in the virtual world of internet gambling. For instance it is not like you can offer an upgrade to a hotel room as some Vegas resorts would.

Odds and lines attract bettors but the new offers from internet gambling companies are designed to attract many more bettors. They are innovative and imaginative and need to be in the highly competitive world of online betting.

It has become a race to see what online casino can provide the best gambling offers and attract the most customers.

A good way to determine whether a gambling offer is right for you is to look at your individual needs and requirements when you are betting. Are you looking for cash bonuses? Perhaps you want better odds? Gambling offers are subjective. Don’t forget to check out the payout options, security, banking of your winnings and other issues. Don’t be blinded by a great offer. It is all about your betting needs, not just an individual offer.

More than being clichs, you’ll find that the best gambling offers allow you to take advantage of many different aspects of the online gaming industry. You’ll be able to increase your profits, boost your winnings and have more fun by taking advantage of the best gambling offers on the Internet.

Super Casino Gambling – Online and Offline

Land-based casinos and online casino revenues and site releases are growing faster then ever. Even after the dust has settled following the recent American law prohibiting deposits to online gambling companies, large organisations such as Party Gaming, Ladbrokes and VIP Casino club are all increasing their efforts to attract a wider European or global audience.

Gambling itself is a compulsive and addictive activity, with numerous regulatory societies attempting to outlaw and even ban online gambling around the globe. Regulatory environments themselves differ from country to country. While the US has sought keenly to identify ways of banning online gambling, the UK has lead the way to ensuring that online gambling remains a choice for many, but does not become a threat to others.

Its recent release of a new Gambling Act has sought to protect children and problem areas from abusive gambling, while attempting to levy a tax duty on all income from gambling both offline and online. The Act will make it illegal to entice children to gamble and there will be compulsory age checks for online gambling websites.

Its new Gambling Act will provision for the construction of Super Casinos in selected areas across the country, though this has been scaled down from an initial 40 super casinos to around 8, following complaints from the public and opposition parties. The Gambling Act will allow casinos to operate 24 hours, with unlimited jackpots, and gambling will be allowed on Sundays and Bank Holidays. As far as online websites are concerned, when the Act comes into force at the end of September 2007, companies will be able to apply for a license to operate online gambling website from a UK base.

Countries differ in terms of how they levy a tax on gambling. For example, some will tax each bet individually while countries like the UK, tax only the gross profits that gambling organisations make. Territories like Malta and Gibraltar offer competitive tax regimes as well as the benefits of an off-shore financial centre.

Australia has a large gambling population, where statistic show that 80% of its population gambles. Super casinos are also allowed in Australia, with Sydney’s Star City reputedly the size of 7 football fields. A recent study also showed that Australians spend more money each week on gambling than they do on alcohol or clothes. State government proceeds from gambling have increased to around $3.8bn per annum, since 1998.

Online Gambling May Be Cut Off By New Legislation

There is a new law waiting to be signed by President Bush which was presented to Congress that is holding the $12 billion online gambling industry by a thread. It appears that Tennessee Senator Bill Frist, introduced the bill on Saturday by joining it to the Safe Port Act before Congress took its election recess in November.

The Unlawful Internet Gambling Enforcement Act that is expected to be signed by President Bush, will practically finish off all online gambling sites by making it illegal for any bank, credit card company or online payment system to process any payments being made to online gambling companies.

The new law states that Online Gambling sites are now banned from accepting any type of check, credit card or electronic transfer payments for internet gaming in the US and seriously puts the industry in chaos.

Surprised at the passing of this new debilitating law, the leaders in the online gambling industry took drastic measures and started to trade off stock on the London Stock Exchange which erased $8 billion from the industry. PartyGaming, the world’s biggest online gambling site said that they would cease their ties with the 920,000 active US customers they currently have only when Bush actually signs the new act.

Although the new law hasn’t yet been signed, the industry is already being drastically affected. PartyGaming’s stocks alone have dropped 60% ending up at a measly .81 cents a share. Other sites like SportingBet and 888 Holding were also affected by the change and have since lost a lot of money on their shares. 888 Holding, for example, had a 48% decrease on their shares dropping them down to $1.42 on the British Market and announced that it was going to no longer continue its online gambling business in the United States.

This isn’t the first Act, however, that has given the federal government power to break down the online gambling industry. Under the 1961 Wire Act, the federal government has the right to brake down online betting in sports, poker and other casino games that are considered to be illegal under the law.

This is seriously debilitating the industries economy because the US consumer market is responsible for 50-60% of the online gambling revenue. These critical laws against the online gambling site owners are forcing companies to shut down or move out but what’s clear is that they are no longer welcome in the United States.

The Madam Chairman of the Interactive Gaming Council, Sue Schneider, has predicted that over 500 companies running around 2,300 online gambling sites around the world will be facing extinction and will most likely be wiped out of the industry all together. The small number of companies that manage to live through this incredible crisis will have to live with a huge cut back on their revenue and figure out new ways of growing again. The idea of opening up in the Asian market has become a favored idea for many.

The Future of Online Gambling!

Online gambling banned

On Monday, 2nd October, the U.S. Congress has approved a bill to ban Internet gambling. The bill has been sent to President Bush for his signatures, after which it will become a law. The shares of online gaming companies are already experiencing a landslide with most company’s shares dropping to as much as 50%. The major players who suffered the most include PartyGaming, 888 Plc, and Sportingbet. If it becomes a law, the online banks and credit card companies in the U.S. will be prohibited to transfer pay to any online gambling companies.

What is the future of online gambling companies?

This is a tough forecast to make, but at present things do look like that it could signal the beginning of the end of the flourishing online gaming industry to a great extent since these online gambling companies generate a substantial amount of revenue from U.S. gamblers alone. So if this is banned in the U.S, it may well cause online gambling sites to lose the bulk of their revenue.

The online gambling companies for sure won’t sit and just watch as millions are at stake for each of them. But we have to keep our fingers crossed and wait and watch what happens.

What You Should Do When Gambling Online

Online casino gambling can be very thrilling. The fun never stops when gambling online. The rush you experience when you win something is matchless. The fun and thrill can be increased further if you follow certain unwritten tips while gambling online. These tips will help in making the online gambling experience an enjoyable one. It will minimize the possibility of you shedding tears of frustration and failure. Let us call these tips the do’s of online casino gambling.

1) Decide on the games you are going to play at an online casino before you start gambling online. Do not play games you are not familiar with. Stick to the games which are known to you. This way, you will not have to lose money unnecessarily while learning how to play games.

2) Decide on a gambling budget and a losing limit. Stop gambling once your budgeted amount is exhausted. A wise gambler will quit when he/she reaches his/her losing limit. This will minimize the loss. So be wise and quit once you have used up the budgeted amount.

3) Be aware of the local law. In some places, online gambling is illegal. So, before you start to gamble on the internet, it is better to check and make sure that online gambling is legal in the place you are residing.

4) Be knowledgeable about the online casino you choose. There are many rogue casinos on the internet. Check and make sure that the online casino you have chosen is genuine and legitimate. Consult your friends or check out the casino on online gambling forums.

5) Give the online casino a test drive. Most of the legitimate online casinos offer the option of playing for free. Avoid casinos that do not offer this option. Play the free games offered by the online casino. If you are satisfied, then you can decide whether to start placing bets.

6) Be aware of the payout rates. Before starting to gamble online, you must check out the payout rates offered by the online casino you have chosen. Compare the payout rates against those offered by other online casinos. Make sure that you are not getting shortchanged.

7) Check out the bonuses. Most online casinos offer bonuses to their players. These bonuses range from sign-up bonuses to frequent-player bonuses. A good online casino will reward its players with small bonuses from time to time. But beware of bonus offers that seem too good to be true. Such bonuses are sometimes used by rogue casinos in order to attract people and then defraud them.

8) Ensure your privacy. Make sure that the security software used by the online casino of your choice is up-to-date. Before signing up, make sure that your data will be safe.

9) Place bets only when you are sure that you can afford to lose them. Do not play with money you cannot afford to lose.

10) Most of all have fun. Enjoy yourself and do not get too worked up. Play for fun and have a good time.

Follow these tips and your online gambling experience would be a lot better. Gambling is to be only for fun and making money. The minute gambling causes you tensions and worries it is time to quit.

Advantages of Gambling Online

Only a few years ago, if you wanted to gamble you had to head to a gambling town like Las Vegas or Atlantic City. If these options weren’t available to you then you just had to use whatever ‘resources’ you could find locally – which tended to be somewhat illicit if you could find them! Nowadays gambling is an international pastime and casinos, card rooms, and bingo halls can be found in every county and country in the world.

Given that such widespread gambling is a relatively new phenomenon, many gamblers question the reasoning for internet gambling. Some feel that online gambling lacks the excitement, sociability and regulation of land-based casinos. While online gambling does have some limitations, it does have an awful lot to offer.

Many online games offer players higher average payout schedules and a wider range of betting limits. Players can also check to see which games are paying out the most, switch between many different types of sports – horse racing, slots, poker, bingo, and learn how to play new games (without money bets) in the privacy of their home, before unleashing themselves on unsuspecting fellow players for money!

Online players often get better odds than they would find in ‘real’ casinos. A prime example of this is in roulette – the American roulette wheel has 38 numbered slots: 1 to 36, a zero and a double-zero, which gives the house edge 5.26 percent. However internet sites also offer the European version of roulette, which has only 37 slots: 1 to 36 plus a zero, which gives a more favourable-to-the-punter house edge of 2.7 percent. It is a similar story with slots, in that online casinos offer higher average payouts than real casinos. You can also check out each site’s monthly payout percentages for each type of game, giving you an even greater advantage.

There are ‘play for free’ options on nearly every game online. These give beginners and more experienced players the opportunity to ready or better themselves without risking any money that can be better spent when you really know what you’re doing in the game.

All prizes from online casinos are money! Land-based casinos offer free meals etc, but online you are guaranteed money prizes which include sign up bonuses, match bonuses, high roller bonuses, player coupons and VIP clubs, and there is always something on offer for new and returning players.

While poker, casino games and sports betting on events like the Grand National are the most common form of gambling online, there are lots of other forms of betting – keno, horse racing, lotteries, chess, pool – you name it and you will be able to bet on it online.

Internet gambling is extremely convenient – you can gamble from home, during your lunch break, on a train journey…. anywhere that has internet access. Not only that, there is also a never ending stream of tournament action. Some gamblers don’t like the idea of online gambling as they fear that they will be alone with no access to assistance. However, all reputable sites have hosts which provide exceptional customer care, the most popular of which is live chat and /or emails. As well as the hosts for information, many sites have message boards or chat rooms, where you can make friends and receive invaluable advice and tips from other players.

Strategize Your Moves to Win Gambling Online Bonus

I’ve just finished reading way too many articles about how to win a gambling online bonus and other fool proof ways to win at casinos. I’ve had enough with roulette computers that beat roulette wheels. I feel a need to get in my two cents in. My two cents are pessimistic. That being said, I do know how you can tilt the odds in your favour. It’s just not that glamorous. It’s like cutting out coupons in the newspaper before you buy your groceries.

Quality online gambling casinos like new customers. It’s a bit of an obvious statement, but a good place to start nonetheless. Quality online gambling casinos are wrestling with the marketing problem. Faced with many similar casinos, how can one create a unique value proposition for customers? How can they make their casino the best? There are several possible means. Casinos can compete on:

- Payout ratio (one casino pays out 98% of the money it takes in)

- Quality of the software

- Give you a gambling online bonus when you sign up.

The main problem with the first marketing effort is that it reinforces the notion that you’re taking money from the players. This might not be the fact that you want to emphasize in your online casino marketing efforts.

The problem with the second is that the best and highest quality software and resulting quality online gambling experience can’t be experienced until after the customer downloads the software. This strategy doesn’t help get new customers. The first two strategies don’t help you get new customers; they just help keep the ones you already have. The last strategy is the online equivalent to the $5 lobster dinner at Vegas. It’s just a loss leader – plain and simple.

Combined with search engine optimization and affiliate programs, the third strategy seems to be the strategy of choice. The proposal works like this. Sign up, deposit $50 and we’ll give you $50. The only catch for this gambling online bonus that you need to gamble a bit before you take the gambling online bonus money out.

Many quality online gambling casinos offer a gambling online bonus of 10%, 20%, or 25%. It might be better to look for individual free money for every $25 you deposit. If the quality online gambling casino gives you a free $50 for every $50 you put in, this works out to a 100% bonus. One place offered $100 for a $25 deposit. This is a whopping 400% bonus! Not bad.

So is there a catch? Not really, as long as you don’t end up losing more than the bonus. A little self discipline.

So, how do you hustle the quality online gambling casino?

A Blackjack player that knows some basic strategy has a disadvantage of around .5%. This means that for every $100 that you wager, you should get $99.50 back. I think that this is actually pretty good. For one hours worth of entertainment, you should be down at most a buck or two. If you’re lucky, you might win a bit.

Quality online gambling casinos usually want you to make $50 worth of bets before you take the money out. Normally, you’ll end up with $40 to $60 to take out (assuming you deposited $25 and the casino kicked in $25 as well). It’s cool is you suck at Black don’t sweat it just play Baccarat or Craps. In Baccarat, bet player or banker. In Craps, bet pass or don’t pass. These strategies give you about a 1% disadvantage. Make all your bets the table minimum. Keeping you bets at the minimum diversifies the risk over more hands and increases the chance that you will end up with between $45 and $55 worth of cash. Now just have fun and make $50 worth of bets. In general, it’s a good rule of thumb to deposit more than the minimum amount for the gambling online bonus. This is just to avoid suspicion. After you’re done, take most of your money out. If you leave a bit in, the casino might give you the same sort of gambling online bonus and you can make more money this way.