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5 Gambling Tips You Cannot Miss!

Shortly after the advent of the internet, the question of the legality of online gambling followed. Until the Unlawful Internet Gambling Enforcement Act that was attached to the Safe Port Act and signed into law October 2006, the government had done little to stop it. However, the UIGEA is a far cry from eradicating an institution that is more accepted and popular then ever, and one that so many enjoy.

We can all see proof that the perception of gambling is shifting towards tolerance through the increasing number of states that have laws allowing slot parlors and casinos. Other states are working on new legislation to allow card games to make up for lost revenue as neighboring states finally open slot parlors. Poker is now televised as a sport on multiple channels throughout the year.

“Judged by the dollars spent, gambling is now more popular in America than baseball, the movies, and Disneyland-combined,” said Timothy L. O’Brien in his 1998 book “Bad Bet.” Gambling has actually been part of life in America ever since the colonial days. As long as the game was regarded suitable for gentlemen, gambling was considered a proper diversion from life.

The Virginia Company of London was the first to use a lottery to raise money for its venture in the New World. Later all 13 colonies were running lotteries, usually more than one. Colonist felt obligated to play, like buying your son’s raffle tickets. Some of these lotteries assisted in the establishment of several of America’s oldest and most prestigious universities such as Harvard, Yale, Princeton, Columbia, Dartmouth and William and Mary.

From riverboats to saloons during the gold rush, gambling thrived as entertainment as well as a way for the establishments’ owners to earn an income in the Wild West. Gambling has similar aspects one could easily associate with those laying the outline of our country on the frontier: risk, opportunity and essence of adventure.

The rise of professional sports during the 1900s, along with the popularity of college football and basketball, increased the popularity of sports wagering in the United States. Today football (NFL and NCAA), basketball (NBA and NCAA) and Major League Baseball all have major television contracts. These contracts assisted in the transformation of the sports wagering industry into a one hundred million dollar a year business. Now the NCAA and some members of congress would like to make wagering on all amateur sports illegal no matter the state.

Their supporters say it is necessary to protect the student athletes and the integrity of the games. To validate their position on gambling, the NCAA released part of a study called the National Study on Collegiate Sports Wagering and Associated Health Risk on Wednesday May 12, 2004. The study surveyed 21,000 college student athletes nationwide. According to the NCAA’s study, 35% of male student athletes and 10% of female athletes had wagered on college sports in the previous year. It goes on to state that gambling money has influence the outcome of collegiate games.

According to the survey, 2.3% college athletes were asked to manipulate games, 1.1% of football players have accepted money for a sub par performance, and 1.4% actually acknowledged that they altered their play on the field to affect the outcome of a game.

In 2004, Bill Saum, director of agent, gambling and amateurism activities for the NCAA, was waving this survey as proof for the need to make wagering on college sports a thing of the past. Saum was not alone. In two separate bills to be introduced in 2003, Sen. John McClain, R-Ari, and Rep. Lindsay Graham, R-S.C., tried to make it law by amending the Professional and Amateur Sports Protection Act of 1992. All involved believed it was needed to protect the athletes and the integrity of college sports.

This legislation, which would have been practically unenforceable, would have done nothing to eliminate the 1.1% of football players that reportedly accepted money. This law only penalizes the legit sportsbooks. Las Vegas sportsbooks are not the ones confronting these students. Obviously, these players were working with a bookie, sometime also a student, which in itself is illegal. No matter if Senator McClain or Representative Graham would have gathered enough support for one of their bills to pass successfully through congress, one would have still been able to call his local bookie or use an  สมัครแทงบอลไม่มีขั้นต่ำ Congress has tried many times through out America’s existence to criminalizing gambling through some form of prohibition. These attempts have never eliminated gambling. It only obliges it to flourish underground where it is estimated most of today’s sport wagering exists. These new bills will only encourage the same outcome.

Problem gambling is an overwhelming desire to gamble even though there may be negative consequences or a desire to stop, it may also be known as compulsive gambling which is a much more clinical term.

There is only one universal definition of Problem Gambling which was coined in Australia

As an addiction is gambling hard to shake but it’s important to understand at what point are you becoming addicted?

If you are concerned that gambling or sports betting is starting to become more than just a game then these guidelines should help you moderate your play.

  1. Try to set aside an entertainment budget & include gambling or sports betting in this. Assume that you might lose this money & any winnings are merely a bonus.
  2. Always start with a dollar limit & stick to it.
  3. Don’t spend too much time gambling, you should always try to set a limit on your play time. As the saying goes, it’s important to quit whilst you’re winning & on the flip side leave when you reach your dollar limit.
  4. Losing is part of the game, so make sure you understand that you have to accept your losses before you start playing.
  5. Never borrow money to gamble. No wins are ever guaranteed.
  6. You should not let gambling because a substitute for your relationships or work life.
  7. When you lose don’t try to recoup your losses. Chasing your losses is a quick way to end up with much heavier losses, the reason for this is that you’ll end up making less rational decisions because of the mind state you’re in.
  8. Gambling should not be used as a way to cope with physical or mental pain.
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The Online Casino Bonus

When playing at online casinos, you are offered many bonuses. It is important to know all the details about a bonus before you decide to accept it. Different casinos have different rules, but the information below is everything you should know about bonuses without going into the specific rules of each casino.

The Welcome Bonus is something that is offered at pretty much every online casino. It definitely comes in handy, allowing you to bet more for bigger wins, and extending the play time on your deposit. The welcome bonus is usually the largest bonus you will get from that casino, though sometimes they will offer several bonuses, or an ongoing bonus as a welcome gift.

An example would be offering an unlimited 200% deposit bonus for the first week. That means every deposit made during your first week at the casino will be awarded a 200% bonus. Deposit $100 and get $200, giving you $300 to play with. If you lose that, or cash out, you can deposit again and receive the same award.

Sometimes a bonus is ‘sticky’, meaning it cannot be cashed out along with your winnings, and there can also be a maximum amount you are allowed to cash out. This is usually the case with No Deposit Bonuses, while deposit bonuses are normally cashable and do not have maximum withdrawal restrictions.

An example of this would be offering a $60 free chip (or “no deposit bonus”) that comes with wagering requirements (explained below) and a maximum cash-out of $300. This is usually a ‘sticky’ bonus, so if you complete the wagering requirements and have over $360, request a withdrawal of $360 to get the maximum $300 cash-out (as the $60 bonus is removed during withdrawal).

Make sure you read the bonus Terms and Conditions before you decide to play with a bonus. This way you know exactly what the specific bonus conditions and wagering requirements are, as they differ from casino to casino.

Most casino bonuses advertised are for playing slot games, though many casinos also offer bonuses for card and table games, or allow play on all games with certain conditions. It is very important if you take a slot bonus, that you do not play any restricted games (like blackjack and roulette are usually restricted) or you may forfeit any winnings. That is why it’s important to read the Terms and Conditions of the bonus at that casino.

Bonuses almost always come with Wagering Requirements (WR) which usually prevents you from withdrawing until you have wagered a certain amount of money. For this reason, some people decide not to play with bonuses. You can play without bonuses by either not redeeming a coupon before a deposit, or if it is automatic you can ask customer service (via live chat or email) to stop the bonus from being applied to your deposit(s).

Most bonuses at MicroGaming casinos have a WR of the bonus x (a certain multiplier, usually 30x). As you wager, the bonus credits are moved into your cash balance, but you must still complete the full WR before you can withdraw. UFABET

Most bonuses at Playtech and RealTimeGaming casinos have a WR of Deposit + Bonus x (a certain multiplier, usually 20-30x). I don’t really like this WR system as it throws the deposit in to the equation.

For a comparison between the two systems, we’ll use an example of depositing $100 with a 100% bonus at both ‘MG Casino’ (MicroGaming) and ‘RTG Casino’ (RealTimeGaming). At ‘MG Casino’, the WR would be $100×30 = $3000. At ‘RTG Casino’, the WR would be $100+$100 x 20 = $4000. That’s quite a difference, and consider that 20% is almost the lowest offered at RealTimeGaming casinos, it is usually 25x or even 30x