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The Truth About Online Gambling and Credit Cards

The credit card companies lobbied for laws governing online gambling with credit cards, although one would think that people would be the ones hesitant to their credit or debit cards online.

The main reason behind the shift in laws is that too many people have made it a habit to create debt that they cannot repay. Lawsuits have pardoned the debt, paid lawyer fees in full and left credit histories untouched. This is good for the people in debt, but bad for the credit card companies who end up losing a lot of money.

Response from Credit Card Companies

Charge card companies have decided to exact stricter regulations regarding credit balances by amending the terms and conditions surrounding receiving a card. Now you find higher interest rates incurred for particular transactions, so hopefully the user thinks twice before creating debt in certain ways.

Avoiding Financial Difficulty

Many people struggle with gambling addiction and online gambling with charge cards make it easier to spend large amounts of money than when gambling at a land-based casino. Many land-based casinos even advise players to leave their cards at home, so that they are not tempted to spend more than they can afford. Visiting online casinos makes this discipline even harder because generally you access these games from home. It is best that you then have someone you trust take responsibility of your credit and debit card while you play so that you do not end up making rash decisions regarding your money.

What Does the Law Say?

Some countries and states have designated areas where gambling is legal and those where it is not. This means that you could easily be breaking the law when pursuing online gambling with credit and debit cards. Online gambling is already illegal in the United States of America and this has led to interesting convictions in courts whereby credit card companies are being persecuted for allowing the activity to take place instead of the player for gambling online.

No More PayPal

You can no longer use PayPal as a direct payment option for online gambling and the majority of accredited online gambling sites have removed any mention of PayPal. This means that players do not have the option of transferring money from their MasterCard or Visa to PayPal accounts in order to gamble online.

Credit institutions each have their own policies regarding online gambling with credit cards and it is best that you familiarize yourself with those that apply to you and your credit card company. American Express, for instance, offers credit services managed independently from other banking institutions, while MasterCard and Visa is affiliated with many different banks around the world.

If you still want to use your credit card for online gambling, some casinos have developed a method that bypasses PayPal and the credit card bans against online casinos. Simply put, you use your credit or debit card to buy a “gift card”. You then use the gift card in the online casino, and MasterCard, Visa or other card company sees a purchase for a gift card.

Online Casino Gambling – A Worthy Revolution

With the emergence of internet technology, casino games have gone through a rejuvenated period. In fact, the introduction of internet based gambling has taken online casino gambling to a whole new level that makes it more available to the world than initially. Since its introduction, the online turn taken by gambling is considered one of the greatest milestones in the gambling history. The first step having been made in 1994 in Antigua and Barbuda to license for the first online casino gambling, it was then followed with the launching of internet casino Inc in 1995 and the introduction of online sports book and Intertops in 1996. This turn of events is what gave gambling the current publicity and popularity that it currently has.

The coveted $ 10,000 prize earned by Chris Moneymaker facilitated by the internet boosted further the gambling sport. Many people then decided to participate in the online event. Online casino gambling, therefore, is among the hugest step ever made by the sport and saw it attract a 300 percent participation increase.

In USA though, the passage of the law that outlawed the operations of casinos and pokers, dealt the sport a big blow. Elsewhere in other countries, people continue to enjoy the online games. It is readily embraced in other European countries, especially South America, Asia and Australia.

Considering the unwavering profitability and popularity of the online gambling games, casino included, we are seeing a situation where America will change their mind and welcome online gambling legislation.

Gambling at Online Casinos

Ever since the concept of gambling originated, there have been no downfall in its popularity. It’s an addiction that lures you to the casinos, where luck is the sole key to success. Regardless of your income, age group and qualification, there is always a chance to win millions and to lose whatever you possess. So whatever the hard work you did in the past won’t count here.

Being an internet dominated world, most of the of gamblers started gambling casino online, however, Las Vegas is still the hottest Casino destination of our planet. Earlier, gamblers used to cross into Las Vegas to test their luck and happened to enjoy winning and losing accordingly. The similar concept has been taken to the internet as well, myriad online gambling portals are putting across the opportunities to gambling online casino and enjoy online casino gaming.

Even with the advent of the internet age, the gambling industry didn’t suffered and still running successfully, yielding high profits. But it has surely transformed the mind-sets of the hardcore gamblers. Those who were habitual of visiting Casinos once in a week or month are now enjoying the same excitement while gambling online casino. Truthfully, there are some factors driving the gamblers to experience online casino gaming and do gambling casino online.

The first and foremost reason is the “home comfort.” The ease and cosiness that you can enjoy at home couldn’t be found anywhere else. Gambling casino online while being at home is entirely an amazing experience. You can witness and sense the similar excitement even at home, which you usually encounter within the exquisite vicinity of a casino.

Another defined reason that magnetizes gamblers towards the online gambling portals is the active mental stimulus. Obviously, while gambling casino online, you will concentrate more and end up taking more wise decisions. And that is why playing online casino games is a more lucrative decision than visiting casinos and playing in the hustle-bustle.

While gambling online casinos, you will find your analytical skills working perfectly and assisting you in taking confident and strong decisions. However, at the casinos, your decisions get influenced by the other people’s opinion, which drops your self confidence level as well.

So it’s on the whole better to enjoy the latest scenario and gamble online casinos to use your analytical skills in a much better way.

So go and checkout all the gambling casino online sites and do take the trial before you invest in any amount.

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.

What of other jurisdictions across the globe?

Below is a list of some countries and some interesting figures relating to gambling.

Australia

80% of population gamble

Legal age to gamble is 18

$80 billion gambling turnover in 2006

States received $3.8 billion in gambling duties 2006

Online gambling is permitted

Sweden

95% of population gamble

Legal age to gamble is 18

58 billion Swedish Crowns turnover in 2006

Government received 5 billion Crowns in tax in 2006

Online gambling is permitted

Spain

70% of population gamble

Legal age is 18

EUR30 billion gambling turnover

Receives EUR1 billion in gambling taxes

Recently allowed online gambling licenses

Macau

60% of population gamble

Legal age is 18

$6 billion in gambling takings 2006

$1 billion state revenues from gambling

Online gambling is permitted

UK

70% of population gamble

Legal age to gamble is 18 (though lotteries and pools and low stake machine permit 16)

£53 billion gambling expenditure in 2006

UK received £1.3 billion in gambling duties in 2006

Online gambling permitted

US

80% of population gamble

Legal age 18 (most casinos age 21 as this is legal alcohol age associated with casinos)

$82 billion gambling expenditure 2006

States received over $8 billion in gambling revenues 2006

Online gambling prohibited