What is Internet gambling? It is simply any type of gambling conducted via the internet. This includes casinos, online poker and online sports betting. The very first internet gambling venue open to the public, was ticketing at the famous Liechtenstein International Poker Casino in October 1994.
Today, this service has spread all across the globe with many countries like the UK, US, Canada, Australia and New Zealand having their own licensed and regulated internet gambling industry. While some countries have their own specific laws and regulations, the global online gambling industry is far too global to be governed by any one governing body or law. This is why it is extremely important that anyone who wishes to join and participate in the global online gambling industry, that they go through and undergo a licensed and governed by the Gaming and Parlous Authority.
When you are looking into joining an internet-based gambling site or online betting company, you will need to provide proof of your identity and where you live. This information will then be cross-checked with the Gambling Commission in your home country to ensure that you are a legitimate resident of that country. Once you have all the necessary documents to prove your identity and where you live, you can log on to one of the many reputable and secure internet gambling sites and start placing your bets. While these processes are usually kept quite secretive, the law requires that all licensed online gambling companies and brokers provide their clients with this information upon request.
One thing that you must know about the global gambling industry is that it thrives on illegal activity and proceeds from the unethical financing and sales of lottery tickets and casino tickets. So, if you are looking to join an online betting company, make sure that you never purchase any lottery tickets or gaming tickets off the internet from any online casinos that you come across. This would clearly signify that you are participating in the illegal distribution of lottery winnings. Additionally, since gambling is illegal in many countries around the world, if you do happen to participate in some type of online casino gambling, especially from those that are offshore, you may find yourself in serious financial and legal jeopardy should anything go wrong.
While most internet gambling websites are based in the US, there are still some offshore gambling websites that accept wagers from residents of other countries. This is often due to either the lack of legal internet usage in the country of the website owner or due to lack of available gaming sites in the country, the owner lives in. To avoid this hassle, the majority of the offshore gambling websites will ask potential customers the right international currency for payment, such as US dollars, which can often be difficult for residents of other countries to acquire. For this reason, it is recommended that all potential customers to purchase their own digital devices with which to gamble on the internet using.
In addition to what is internet gambling, there is also what is known as online gambling. Online gambling websites have grown substantially in recent years and currently account for more than 20% of the world’s total gambling revenues. The majority of these online gambling sites are based out of either the US or in some cases Europe. Some online gambling sites are based exclusively in the US, while others are global players who have branches in other countries such as Spain, Italy, and Russia among others. With more online gamblers coming from places such as Russia, some countries such as Finland actually prohibit online gambling because of the high occurrence of fraud amongst teens and young adults. Therefore, it is highly recommended that before a person decides to place a bet on an online site, they always check to see if the website that they are going to be licensed in their country.
Finally, one of the growing industries related to internet gaming is mobile gambling, which includes such things as Gambling apps (such as the Facebook application), mobile text messaging, and mobile gaming devices like Blackberry, PSP, and the iPhone. Mobile gambling has been growing exponentially throughout the past few years and currently accounts for nearly 5% of the world’s internet gambling revenue. Many teens and young adults who grew up with internet gambling already have cell phones that come equipped with internet capabilities, so it makes it very easy to bring gambling to mobile devices.
All in all, it is very important that anyone who is interested in trying out any type of internet gambling should be very careful. Although the laws that are surrounding online gambling at this point in time are quite favorable, it is still a wise decision to thoroughly check the ins and outs before jumping into such an enthralling industry. It would be best to try it out for at least three months before making any decisions about what is going on your finances. However, if you are completely new to online gambling and would like to learn more about what is what, there are many wonderful and informative websites that provide this type of information. Before you know it, you will be ready to jump into the world of online gambling and start placing bets!