Why the Top Performers in Gambling Are Successful

Today, thanks to a decade long of technological advances online, there now exists many successful companies that lead the way and are constantly improving client experience throughout the web. This pertains to all industries in general, especially the ones dedicated in providing online services. In the online gambling arena, a very competitive industry, companies are constantly striving to provide the latest technology along with excellent customer service and unmatched security in order to beat competitors and gain market share. This is true of companies of the like of Stan James, Ladbrokes, and bet365 just to name a few as other similar competitors share the same characteristics.

First of all, these major companies are all listed in stock exchanges which in turn prove positive for potential consumers shopping for an online gambling brand as these companies are constantly monitored in the financial sense as they have to submit accounting books to public auditors for regulatory compliances. This fact alone basically tells the consumer that the company is trustworthy in the market. This trust is very well respected in the industry as there have been major companies in the past and some that are still out on the web which are not transparent and take clients money without any element of fairness. These major companies are not only regulated by financial entities, but also by major gambling commissions. This is also very positive as impartial and neutral government commissions constantly make sure that these companies are exerting fairness and promoting security in all facets of the business.

Major companies such as the ones mentioned have several offers that they constantly give to their client base. The first one to mention is a link for numerous gambling programs which help the addicts such as gamble aware and others which in turn help people and clients with a gambling problem. They also offer the best odds in the market today, or at least very competitive throughout all sports. These companies also have all in one portals nowadays, and clients only need to open one account in order to place sports bets, play poker, play casino games, and even bingo and other products. They have gotten so specialized nowadays that they offer specialized bets such as corner betting (above or below 10 corners) for any specific football match.

They also have huge jackpots in numerous popular slot machines and also offer hefty poker tournaments with millions in prizes. One can literally place bets 24-7 all throughout the year, and can also access the portal from their mobile phone. Skill games and obscure sports are also being offered. Live betting is also an alternative that has recently hit the market with a very popular acceptance by consumers. These companies are also licensed in most markets, and make for security a top priority. They do not let the under age population open accounts, and have neutral arbitrage betting companies available in case a client has a dispute over a bet.

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6 Steps to Obtaining a Gambling License

The timing for starting an online gambling business is perfect. Surveys show that if you follow all the necessary procedures and do things legally, you are bound to get good profit. But before all the fun starts, you need to obtain a gambling license. Here you can get the general idea about what you will have to go through.

• 1. Start with creating a business plan to estimate the expenditures and expected profit. This will not only help you to see where you stand financially, you will also need this information later.

• 2. Find a good casino software provider. You have to take this step seriously, because later you will have to submit a certificate that the software you intend to use will not malfunction and won’t be used for cheating. Such certificate should also be issued by a reputable company or some qualified institution.

• 3. Choose the jurisdiction you want to obtain your gambling license from. Online gambling licenses are issued in a relatively large number of countries. But just as some animals are more equal than others, not all licenses turn out to mean the same thing for both online casino players and governments of those countries you may want to promote your gambling services in. The reason for this is the difference in requirements for obtaining a gambling license in different countries. Some are known to be rigorous and obtaining license from them can become a painstaking process. However, their approval will make you look like a trustworthy online casino operator, which you are going to become, aren’t you?

The list of such countries can be found at the UK Gambling Commission website. It is also often referred to as the White List which obviously means that licenses issued by these jurisdictions will be favored.

• 4. Depending on the requirements of the selected country, you will need to provide documents about your (and other investors’) financial status, police record from the permanent country of residence and a sort of money investment plan (mentioned above). So your next step is getting these papers ready.

• 5. You can submit your application for a gambling license via a local representative (it can be your attorney or an accountant) to the representative of the appropriate establishment.

• 6. And then you wait. Your application will be reviewed in accordance with the piece of legislation that sets out conditions for granting a license. You may find it interesting to also learn from this document about the reasons for gambling license revocation. As it was mentioned above, players tend to trust licensed casino operators, because they know that gambling license involves regular assessment of the casino’s conduct. So there will inevitably be a list of rules you will have to follow in order to keep your license if you get one.

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Internet Gambling Laws – US, UK and the World

Legal minds turned to Internet gambling laws as a specialty when the industry went beyond growth and exploded into the public mind. “The law surrounding Internet gambling in the United States has been murky, to say the least,” according to Lawrence G. Walters, one of the attorneys working with gameattorneys.com.

In contrast, Internet gambling laws in the U.K. have made the lives of providers and players a bit easier. The passage of the Gambling Act of 2005 has basically legalized and regulated online play in the U.K.

With the objectives of keeping gambling from promoting “crime or disorder” the U.K. act attempts to keep gambling fair, in addition to protecting younger citizens and others who may be victimized by gambling operation. Unlike the United States, which still clings to the 1961 Wire Wager Act, the U.K. significantly relaxed regulations that are decades old. A gambling commission was established to enforce the code and license operators.

A Whole Other Country

According to Walters and many other observers of the Internet gambling laws scene, the United States Department of Justice continues to view all gambling on the Internet as illegal under the Wire Act. But there are details in the federal law that defy attempts to throw a blanket over all online gambling.

The Wire Wager Act forms the basis for federal action on Internet gambling laws in the United States. The law was meant to complement and support laws in the various states, focusing primarily on “being engaged in the business of betting or wagering” using wire communication to place bets or wagers on sporting events or similar contests. The law also comments on receiving money or credit that results from such a wager. The keys are “business,” “money or credit” and “wire communication facility.”

But as many attorneys and proponents of fair Internet gambling laws emphasize, the federal law does not specifically address other forms of gambling. This has left the law open to interpretation when it comes to online casinos specifically and using the World Wide Web to play online games.

October 13, 2006 is a crucial date in the controversy surrounding the legalization of gambling. For anyone wishing to understand Internet gambling laws, the federal law passed on that day is essential knowledge. President George W. Bush signed the Unlawful Internet Gambling Enforcement Act (UIGEA), which is intended to limit some “financial transactions” used for online gambling.

But even if current federal gambling laws can clearly define something as simple as a legal gambling age, the newer UIGEA has not settled all the dust raised around the issue of online gambling. Attorneys such as Walters (and many others) have pointed out that the UIGEA seems to refer only to financial transactions and wagers that are illegal where the wager or transaction is made. Some wagers may be legal while others may not be legal. It’s as simple as that.

The UIGEA had some effect on Internet gambling, in that many successful companies got out of the business, at least in the United States. In fact, with the passage of the law in 2006, most U.S. online players found they could not play at an online casino or poker room, for a short time. Many of the gambling providers found ways to establish offices and servers outside of the U.S. so that could invite United States players back in.

Break Time

It’s now time to stop, take a deep breath and turn to Internet gambling laws in the various states. Some have passed their own rules and regulations (before and after UIGEA). In a few states, companies cannot operate an online gambling business. In other states it is illegal for an individual to place a bet using the Web. Some legal experts argue that these individual-state rules are unconstitutional since commerce across state lines should only be regulated by federal law, not state law. Commercial online gambling businesses don’t operate in the United States, however. If you want to visit their “home offices” you may have to travel to Malta, Gibraltar or Curacoa.

The 2005 U.K. law generally allows remote sites such as these. The rules are not so relaxed in the U.S. However, a recent appellate court ruling in the U.S. states that, in at least one case, an Web-based gambling site did not violate states laws. Most legal minds urge gamblers and others interested in the issue to stay tuned.

Some have given their attention to finding benefits of legalized gambling, noting that this huge industry might be a key to economic recovery in the United States. At the heart of their argument are examples such as established lotteries run by various states, in addition to the government revenues that flow in to state coffers from riverboats and land-based casinos.

Part of this effort rests on the shoulders of more than 100 legal representatives working for common sense in Internet gambling laws. This hoard of attorneys has the task of trying to keep the World Wide Web/Internet free from government intervention.

Bob Ciaffone is considered one of the experts on the subject of gambling and poker in general, and on the transition to online gambling. He suggests that any regulation of Web-based gambling should reduce competition from outside the U.S., so that the citizens of the U.S. would benefit in legal gambling states. His detailed plan would parallel the U.K. situation since that country passed its 2005 rules. Ciaffone also strongly urges U.S. lawmakers to keep Internet gambling laws separate from the 40-year-old Wire Act, which was passed to control illegal gambling over the telephone.

In essence, Ciaffone writes that the UIGEA attempted to do the right thing, but does it in all the wrong ways. The restrictions have severely handicapped what could be a great revenue source with proper regulation, according to Ciaffone.

Consider a statement on the UIGEA from the most-recognizable poker player in the world, Doyle Brunson. Though is comments apply to his favorite game of poker, they can easily relate to all Internet gambling laws. He said, in essence, that his company received good legal advice that indicates Internet poker is not “expressly” illegal. He encourages U.S. players to learn the laws of their own state.

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The Credit Crunch is Doing Little to Stem Rising Number of Britons Gambling Online

More Britons than ever before are trying their hand at online gambling despite the ever worsening economic climate. This comes as no surprise to me, as the credit crunch has meant that more and more people are opting to stay in rather than go out, and what better way is there for people to spend their time indoors then by winning money!

The results of an extensive survey by the UK Gambling Commission released in recent weeks have shown that the quality of online gaming sites and the prizes, bonuses and jackpots on offer continue to attract hoards of players due to their increase in potential monetary value.

Research conducted by ICM show that a survey dealt with last year (including the final quarter of the year when recession loomed) found an increase in the amount of people who said they had used one remote form of gambling or another.

The news will come as a major boost to the online gambling sector within the UK as it prepares for a difficult year with the current economic climate looking to worsen before it finally resides.

The Commission’s study revealed that a whopping 9.7 percent of the 8,000 adults surveyed had gambled using a computer, mobile phone or interactive/digital television set over the last month. This compares with 8.8 percent for 2007 and 7.2 percent for 2006.

The trend seems to be that – as gambling online becomes more accessible thanks to the likes of 3G mobile technology and improvements in digital TV people are spending more time gambling online than ever before.

This trend is likely to continue as long as the recession bites which will benefit the online casino industry tenfold during these hard times.

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Gambling Online – 7 FAQs On Playing Online

Similar to conventional medicine getting replaced by many sophisticated capsulated production of drugs, the introduction of latest technology helped gambling in making way towards the online world.

If or not one chooses to gamble money through various traditional or virtual ways the below tips would guide on what is hot and what is not in the gambling world. When you plan to choose and use the online gambling products, you could consider some tips on avoiding risks on wagers while you keep the experience of online micro gaming enjoyable.

- Who is who?

The current research highlights that around 3 out of five online gamblers often fall into mischief. Hence it is important to ensure about the online operator for the online gaming site which you plan to visit, even before you wager those bucks. This would make all transactions easy and free of every dispute.

- Is it Legal?

The applicable laws which pertain to gambling online exist in almost every US state. You may assume that each state varies in provisions of different laws that cover such activity.

- Is it Legit?

There are some strict laws which exist against offending the online gaming sites. Despite this there are some people who keep preying on others money. Many online gaming centers are legally commissioned for conducting micro gaming events. One of the ways to know about them is from the kind of software program with which the sites operate.

The software programs like Playtech, Cryptologic, OddsOn, and Microgaming, are merely a few of the favorites. The suspicious sites don’t display the software. Such sites are never legally bonded and aren’t protected by any active gambling policies within the area they are allowed the operation from.

- Know the Rules

Mere luck works and then there is simple psychology which works on the lethal moves. Mastering the simple systems where the game operates would certainly help you in getting an edge against the bookies!

- Develop a Strategy

When chance gaming is thought of, knowing when to turn cards or go flops is as important as planning some military assault against the opponent. Even though the strikes are varied they must be intelligently appropriate strikes which are very important.

- Read, Read, and just Read

One point in gambling is that many operators would not disclose any actual information about the payout details. Always read the fine prints. It would save you rightly in the longer run.

- Risking it

One tends to deregulate the sums of money that comes out the pocket as people progress. New statistics say that sixteen States in the US are presently financing problems related to gambling. Gaming and gambling are forms of entertainment so one must expect to the loss of some money towards the end. With the said consequences, knowing the money one can afford blowing out is very significant.

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