Gambling online is any type of gambling conducted over the internet. This includes casinos, live casinos and virtual poker. The first online gambling site opened for the public, was ticketing in Las Vegas, by the now-defunct Betting Online in 1994. It was immediately successful because it offered a unique concept–the “bookie” or the person who would place the wagers–was actually a bookie, which placed the bets on the outcome of a game.
Today, the vast majority of online gambling sites offer poker and other daily sudoku killer games. The two most popular games are blackjack and baccarat, but many offer other games, as well. Many sites offer a variety of these games. There are also sites that offer roulette and other spins or even exotic slots. The typical online gambling site will offer all of these games.
Problems with gambling online often stem from credit card use. It’s easy to lose control of your credit card information when you gamble online because you’re not actually “playing” the game, so the sites are very happy to take your credit card information, including your name and address, so they can mail you promotional materials. Because credit cards are tied directly to your account, if you don’t pay your bill in full then your credit card company can turn off your card and report you solitario online as a delinquent player–and you’ll receive unpleasant notices and late charges on your credit card statement.
Many people think that if they lose money on their online gambling ventures, their credit cards will be returned to them and they will be able to get any debts they have paid off. Sadly, this is not the case. In many states, online casinos are treated just like conventional land-based casinos; they must pay taxes on their income and may be required to disclose their gambling and gaming expenses to the IRS. If the casino’s owners have no other assets, then they are required to give up ownership of the property. If they own other properties, the state can foreclose on those and seize the properties.
Because the Internet provides anonymity for all users, it’s also easy for people to act in a way that would be considered criminal if they were to gamble at a real casino. For example, there are many cases of online gamblers who transfer large sums of money from their accounts to other accounts in order to gamble away. Since the majority of states have “no wagering tax” laws, the transfer of funds is perfectly legal.
So how do you deal with online gambling problems if you’re serious about winning? First, you should make sure that you have a secure casino account where your money is kept. You should avoid giving out your credit card information or banking information to anyone you don’t trust. This will help to ensure that any unauthorized transactions are stopped immediately.
Make sure to check the background of any casino website that you’re thinking about playing at before you register. Most gambling sites require that you be a US resident and that you turn over a significant amount of money as “bait” to entice you to gamble. These illegitimate websites are often associated with spam email and other internet fraud. So, it’s very important that you do your research and find reputable gambling sites that are licensed by the United States government.
Another option that you have when you have legal issues is to use an offshore gambling site. However, because these sites operate outside of the United States, they may be subject to different legal issues. Before you start playing at an offshore site, you should make sure that you are dealing with a licensed US company and that you’re meeting all of the legal requirements of gambling in the United States.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Finance Wine journalist was involved in the writing and production of this article.