Entertain Yourself With Online Gambling – Just For Fun

You have a steady job and enjoy playing your weekly netball game and being creative with crafts. Sometimes you feel like doing something completely different to relax. Sometimes you entertain yourself with online gambling, just for fun.

So what do you know about online gambling?

Firstly, you know that gambling is addictive and that you can lose a lot of money. You have had a flutter with friends at the horse races and your last years Christmas work social was at your local casino consisting of a yummy meal and a chance to “try your luck” at a game or two afterwards. So you know how easy it can be to keep spending in the hope of a win. Online gambling is no exception.

You feel that you are disciplined enough to set aside a certain amount of money for this entertainment. That is, you set aside what money you are prepared to lose and call your online gambling session fun. When this money is used up then you will stop gambling. However if you happen to make any winnings along the way then great. Call this a bonus which you can use for something special like a new pair of shoes or savings towards a holiday away somewhere. This ‘bonus’ is put aside and you continue gambling until your initial entertainment money is used up. Or you may choose to stop after a win. Stopping can be done at any stage up to your gambling limit.

You know:

- not to treat gambling as a way to earn money.
- not to set goals of how much you should win in each session.
- not to set your entertainment limits on an amount you can not afford.
- that there is no guarantee of a win – whether it is online or offline.
- that you are risking something to gain something.

You became aware of all of this with your offline experience at the horse races and casino. You saw first hand some people getting completely out of control. You see, when you win it is thrilling and exciting. Studies have found that gambling makes the brain react like it does with food and drugs. These people marajuna you saw, were occasionally winning and when this happened, they kept on gambling in the hope of winning more. But the odds were against them. They lost big time.

When you tried online gambling, you found that there were advantages over offline gambling.

You discovered that:

- you could try the games for free. Each online website has rules and regulations to follow.
- you get bonuses, as there is competition between websites to entice you to join.
- you do not have to travel as it can be done in your own home as long as you have a computer, active internet connection and credit or debit card.
- you can gamble in your own time for five minutes or two hours or anytime you want.

Online Gambling – The Soaring Rise From the Global Economic Crisis

During these tough economic times, it is no surprise that land based casinos are losing money. You may have thought that people would be flocking to sportsbooks and casinos worldwide in order to gamble and hopefully win big as an aid to surviving the recession that the economic crisis has spawned.

However, it seems that the opposite is true. The lack of money for entertainment means that folks are foregoing those weekend trips to Las Vegas and other gambling meccas. They have even become unwilling to spend the money required for gasoline or public transportation in order to get to land based casinos that are within driving distance of their homes. You could ask any sports book or casino owner how the recession has treated their business, and most of them will tell you that they are losing money.

Experts in the gambling industry have observed a ripple effect taking place across the world. Determining the patterns of international gambling is the subject of a study that has released some surprising facts about the gambling industry. Online gambling is rising in popularity in spite of the economic crisis. In fact, in 2008, the total amount taken in worldwide by online gambling was more than 20 billion dollars, setting a new high record.

Why are people shying away from land-based casinos and using online casinos instead? Simply put, they can make their money go much further in an online casino. As mentioned above, people just do not want to part with their cash for airfare or for any other form of transportation in order to get to the casinos. They are using that money to go to online casinos, and having their gambling fun in the comfort of their homes.

The gambling industry is predicting that online gambling will continue to be quite popular for as long as the economic crisis goes on, and even beyond. People are not going to give up gambling. They may not wager as large an amount as they once did, but the lure of winning is too strong for them to stop completely. They will turn to online casinos as a way to continue their gambling habit for less money.

All that is needed for online gambling is a computer and an inexpensive broadband connection to the Internet. Anywhere you can use a laptop computer or a mobile phone is also a place where you can gamble. Unlike land-based casinos, online gambling allows you to practice many of the most popular games at no charge. You can get a feel for a game before investing any money in it, which can save money in the long run.

Those punters who are smokers and have seen their favourite casino or sports book turn into a smoke-free establishment are also bringing their gambling dollars to the online casinos. Gambling via the Internet means no restrictions on smoking, food or drink. There is no dress code to follow, and many consider online casinos much safer than land based casinos. Several of the big online casinos are responding to this influx of new customers by making online gambling even more fun and appealing. They are adding welcome bonuses and other promotions, holding tournaments, and featuring player customizable slot machines. Almost everything you can find at a land-based casino is available at online casinos, plus a whole lot more.

Online gambling is very convenient, offers a huge variety of games to tantalize the punter, and suits the entertainment budgets of those who are affected by the economic crisis. There is no doubt that the gambling industry is right on the threshold of even more growth as it grows more popular than ever.

Online Gambling in Atlantic City

For better or for worse, online gambling is coming to New Jersey.

In late February, Chris Christie officially signed into law a bill that legalized internet gambling in Atlantic City.

Initially the bill was vetoed by the Governor because of issues surrounding transparency and taxes. Lawmakers adjusted the text and the amended bill passed by an overwhelming majority in the legislature and earned Christie’s seal of approval.

Here are the basics of the bill:

- Casinos located in Atlantic City will be able to apply for a license to offer online gambling. Only the twelve official Atlantic City casinos will be eligible for the license. No other organizations can offer internet gambling, and face stiff fines if they do. All facilities used for the operation of internet gambling must be located within city limits; only bets that are received by a server in Atlantic City will be legal.

- Players must be “physically present” in New Jersey to place wagers. In the future, New Jersey may develop agreements with other states where internet gambling is legal to permit out-of-state gambling. The casino’s equipment must verify players’ locations before accepting wagers.

- Any games available to play in the casinos can be played online. (For comparison, Nevada only allows poker.) As of now, sports betting will not be protected by this bill, although the state of New Jersey is trying to fight the federal statute barring the legalization of sports betting.

- The bill has all kinds of provisions to keep gambling addiction at bay, such as requiring the prominent display of the 1-800-GAMBLER hotline number, a way to set maximum bets and losses over a certain period of time, and tracking player losses to identify and limit users who may demonstrate addictive gambling behavior.

- Revenue from online gambling will carry a 15% tax. The Christie administration states that about $180 million in revenue for the state will be generated from this tax, but some analysts think this number is seriously overestimated.

The official regulations, which the bill required the Division of Gaming Enforcement to produce, were released on June 3, and are subject to a “public comment period” until August 2 before being finalized. These rules include details such as how a casino acquires the appropriate licenses and procedures for maintaining network security on gambling sites.

So, will online gambling actually benefit the state?

The Good

Revenues from Atlantic City casinos have been on the decline for the past seven years, and online gambling could be what saves the failing casinos. Since 2006, casino revenue has dropped from $5.2 billion to around $3 billion. Online gambling could be a $500 million to $1 billion industry in New Jersey, which may be enough to keep struggling casinos afloat and save jobs in Atlantic City. Further, even though estimates of tax revenue are all over the map, there is potential for online gambling to be a considerably valuable source of money for the state. The casinos will also have to pay a tax to the Casino Reinvestment Development Authority, which will provide further assistance to struggling casinos in Atlantic City.

For the player, low overhead costs mean better prizes and more opportunities to play. Casinos can incent players with free “chips” that have minimal costs for them but give players more opportunities to play and win. The convenience of gambling online allows players to play more with less travel.

BAD:

One of the goals of the bill is supposedly to attract more people to visit the brick-and-mortar casinos, but it is hard to say if online gambling will actually lead to this outcome. One could speculate it could even cause people to go to the casinos less (However, this seems unlikely; the social element and the free drinks are lost in online gambling. Also, research indicates that, at least with poker, internet gaming does not reduce casino gaming.) Advertising for the host casino will be allowed on the online gambling sites, which could possibly encourage people to visit the casino but could also be annoying for players.

Online gambling could be seriously devastating for people who have gambling addictions, or even cause people to develop them, raising financial and moral concerns. Even with all the preventative steps the bill requires, it will definitely be much harder to cut off compulsive gamblers if they can place bets anywhere with an internet connection.

Regardless, it is going to be a while before the casinos can actually kick off their online gambling offerings. The regulations need to be finalized and casinos need to apply for licensure and develop their gambling websites. This means the casinos will not be enjoying this new source of revenue during the 2013 summer season, which could be Atlantic City’s toughest season ever following recovery from Hurricane Sandy.