Online gambling or internet gambling offers an alternative to casino gambling without leaving your home. However, since U.S. regulations lag behind international regulations, most sites that host gambling are located outside the U.S., specifically in areas where gambling online is legal. This means that the gambling sites are located outside U.S. jurisdiction and are not privy to the same regulations of brick-and-mortar U.S. casinos. This difference raises some interesting issues and questions that need to be answered before you gamble online.
Is the money exchange system legitimate?
Money is key gambling – especially being able to deposit and withdraw money quickly and safely. The process should be simple and convenient. However, because of the U.S. Federal Government’s Unlawful Internet Gambling Enforcement Act that prohibits banks and other payment processors from transferring money to offshore gambling, there are some specific considerations that need to be understood. Most gambling sites accept visa credit cards, debit cards or prepaid cards to make your deposit. Some sites will accept money from cash transfer service such as western union but the process is slightly more complicated. Master cards can be used at some sites but the use of American Express cards is severely limited. Online players recommend the use of Bitcoins. Bitcoins are a digital crypto-currency that provides some anonymity. As the U.S. has yet to establish regulations that regulate their use, bitcoins are quickly becoming a favorite way of exchanging money.
Is the online gambling site legal and legitimate?
Federal gambling laws do not cover online gambling. The federal government has struggled to determine how best to regulate online gambling, and finally settled on making the legality of online gambling a state issue. Players should check their specific State’s laws.
Part of a player’s research to determine legitimacy should include looking at the terms and conditions that are listed on the gambling website. The review should include jurisdiction and age requirements. Players should make sure the casino accepts U.S. players.
Some sites use skewed win rates. These are strategies that are used to entice players. The website makes up fake winners or engineers wins as an advertising strategy. However, once a player signs on, the win rate is set at zero and wins are recorded. Read up on the site.
Reputable online casino sites like sbo use software that is well known and reputable. Online casinos should be licensed and regulated in the country where they operate, with some country’s having stricter regulations than others.
What should be researched?
Scams that potential players should be aware of include scam websites that can install malicious software that puts your personal data at risk. Most of these sites look like legitimate websites but are set up to scam players. Other websites have no intention of paying players out. It is best to research the site before depositing funds. Start by looking for online reviews. There are several watchdog sites online that list scam sites that you should avoid.
Online gambling can be safe and legal as long as the player understands some of the pitfalls that exist.