Online Gambling’s Good for U.S.

This is especially true given service providers’ unrestrained access to overseas Internet sites in jurisdictions without online gambling restrictions.

A great degree of surveillance is required to detect online illegality, and there are significant difficulties in locating, investigating, and prosecuting online offenders. As such, the Internet offers potential consumers convenient and inexpensive access to their favorite gambling sites, introducing competition into an industry once dominated by highly restrictive licensing practices.

Online gambling can be regulated effectively and without excessive cost, to standards that will provide strong protections for consumers and vulnerable players. The ill-advised indictments handed down against Calvin Ayre and his Bodog colleagues cannot alter that fact. Many of these sites were established in small nations with little or no regulatory oversight.

Gambling is one of the great successes of online commerce. Including unlicensed sites, the total rose to 6,000. Increased competition results in a more efficient allocation of resources, as gambling providers attempt to maintain and attract new customers.

This form of gambling also encourages private sector businesses to develop network capacity and commerce. Along with the inefficient use of resources caused by prohibition, there’s the danger of unintentionally increasing the criminal element.

The current prohibitionist law is really a protectionist measure designed to support specific domestic operators, such as the websites run by the horse betting industry. Many federal and state-level politicians want to legalize online gambling, which Congress made illegal in 2006.

Another major benefit of allowing online gambling is that competition will be introduced into a highly regulated marketplace dominated by licensed providers who monopolize the gaming market. He coauthored (with John Luik) the Democracy Institute book, Gambling: A Healthy Bet.

In 2008, the global online gambling market was valued at $20 billion annually, with 50 percent of that demand coming from the U.S.. With legal online gambling, competition among operators would increase to such an extent that they will be forced by the marketplace, rather than by governments, to offer a reduced house advantage.

Patrick Basham is a Cato Institute adjunct scholar. Stopping American online gambling is truly mission impossible, with a vast number of insurmountable challenges facing governments that endeavor to criminalize online gambling.

Two additional factors contribute to the inevitable failure of prohibition. In addition, the technological and human capital required to locate offenders is substantial, as are the costs of prosecution and incarceration. The necessity of maintaining a strong customer base would motivate legal American service providers to offer legitimate, reputable gambling sites.

Federal prosecutors just dealt consumer freedom a terrible hand, shutting down the gambling website Bodog.com and indicting four company executives, including founder Calvin Ayre, for alleged illegal gambling that actually generated $100 million in customer winnings. The principal benefit of regulation to online players is the personal and legal security of funds, whereas currently players in unregulated environments have no legal recourse over matters such as suspected cheating and frozen assets.

Second, consumer demand for online gambling and the government’s demand for tax revenues will create enormous pressure for legalization in any jurisdiction, such as the U.S., that currently operates a domestic ban.

For example, in 2009 there were 2,381 sites run by 493 companies licensed in 50 jurisdictions worldwide. Not only will this increased competition result in a wider range of gambling activities, it will reduce cost to consumers. As other jurisdictions identify the demand for online gambling, they have supplied this service to consumers.

The Internet has revealed the potential of technology not only to dramatically increase existing gambling opportunities but also to introduce new ones.

Prohibitionists appear to ignore the fact that most gambling sites, like any reputable business, rely on customer loyalty to remain profitable. First, online technology renders prohibition futile. Ironically the anti-Bodog crackdown comes as the push for sensible regulation of the online gambling industry is gathering serious political momentum.

Banning online gambling in the domestic American market simply results in the establishment of Internet gaming sites overseas. If the domestic marketplace demands online gambling, which it clearly does, it will be supplied with or without government consent. The online gambling industry is merely another form of commerce where prohibition is the wrong option.

In recent years, it’s become clear to a growing number of policymakers, including Senate Majority Leader Harry Reid, that the ban on online gambling is a failure. As an international network, the Internet provides an instant detour around domestic prohibition.

Betting on Britain’s high-stakes EU vote breaks record

Betting exchange Betfair says it had taken 45.8 million pounds in wagers on the EU vote as of Wednesday and expects a final amount of 50 million pounds. But the importance, drama and uncertainty that have surrounded this vote have made it a spectator sport in its own right. That’s particularly true since pollsters have missed badly in measuring sentiment before some of Britain’s most recent votes, the last general election and the Scottish referendum.

Thursday’s vote on whether to leave the European Union, which will have lasting consequences for the country and Europe, is due to break the record as the most bet-upon political event in Britain’s history. He intends to vote to leave the EU, but has placed bets on “remain” to at least get something in case of his side’s defeat.

EU referendum betting already hit a record for a political event days ago for Betfair, bookmaker BetFred and IG, the largest provider of spread betting services.

Betfair allows people to place wagers against each other rather than setting odds like the traditional bookmakers. The industry is expecting 100 million pounds ($147 million) to be wagered by the time the result is known in the early hours of Friday.

LONDON –  As if the stakes were not high enough in Britain’s nail-biting vote this week, people are betting record amounts of money on its outcome.

The bookies’ odds have largely been in synch with global financial markets. It has become increasingly popular, particularly to bet on financial markets.

Betting is his way to get in on the drama because as a foreign citizen, from China, he will not have a right to vote. The referendum also outmatches the 35 million pounds placed on the 2014 World Cup Final.

Betting on political events used to be a niche area in the gambling industry but has become more widespread, particularly in Britain. He was back in the betting shop this week to place additional wagers on behalf of three American friends.

“This is a historical event, and I want to take part in it,” said Can Zhao, an investment researcher who placed a 135-pound ($198) bet on “remain” at a Ladbrokes betting parlor near London’s Kings Cross train station.

Such betting fever is normally associated with major sports events, with people here habitually placing wagers online or in betting shops on everything from horse races to football matches. While the polls show this week’s vote is too close to call, bookies like Betfair are giving the “remain” side a 76 percent probability of winning. Spread betting, on the other hand, does not provide a simple win or lose outcome, but can provide payoffs based on the accuracy of the bet. presidential race, which was its previous record for a political event. Ladbrokes has seen a tenfold increase in recent years.

Betfair, bookmakers Ladbrokes and Paddy Power and the Betting Research Unit at Nottingham Business School all estimate that the total value of bets on the vote placed in Britain will reach, and likely exceed, 100 million pounds.

“This is comfortably the biggest political betting event in history and dwarves both the general election and the Scottish referendum,” says Lewis Davey, spokesman for Paddy Power, referring to the Scottish vote on independence last year.

The betting has also gained the attention of global investors as a gauge of the likelihood of an event’s outcome. “But my big win is to leave the EU.”

For Stephen Jones, 55, betting is a form of insurance against disappointment. Polls suggest it is too close to call, while bookies give the “remain” side a higher chance of winning.

. That’s reflected in financial markets, where stocks and the British pound are relatively buoyant one day before the big event.

“If we are going to remain in the EU, at least I will take compensation,” said Jones, who expects to get 3,000 pounds back in profit in such an event. That surpasses the 40 million pounds placed on the 2012 U.S

The Best Sports Betting Blogs

Remember: use a blog like a resource, not as your primary basis for betting and do not place your bets blindly according to someone else’s advice!

How to use a betting blog

Betting blogs are very important media: people get information from other sources like statistics sites.

Betting blogs are even more: you can get perspectives from experts and their readers and you can see other ways to look at

betting events. Some are good, others are bad and some others are fairly ok.

It is very important to choose your betting blogs carefully, always take a look with a skeptical eye at them. A possibility to find all this information,

is to regularly read betting blogs.. If you are new, you can definitely find interesting and new strategies how to bet best. Maybe people, who have inside information, will give you advice.

Talk to others when you have a question or read some interesting articles if you want to learn something about betting.

They are just one more resource that you should keep in mind when thinking about placing a bet.

How to choose a betting blog

There are a lot of different betting blogs in the internet. Betting Blogs give you a lot of information you need for a

successful betting.

Do not read them like a gospel! It depends on your blog selection to get the most out of them.

There are a lot of betting blogs in the world wide web and more are

started every week.

The aim of most of them is to help you placing better bets, but it is very important not to follow them blindly.

Here you will find a list of betting blogs. You can also learn general things about betting,

find new strategies and betting system or read about more complicated types of betting.

More and more people try their chances by betting on sports, but only hoping is not the right way to win! You

need information about the sport, the teams, the players, etc

USRacing.com Releases Updated Odds for the 2015 Breeders’ Cup

7

Smooth Roller

Tyler Baze

Victor Garcia

15/1

The goal of US Racing to entertain, educate and inform people about the

sport of thoroughbred horse racing.

“I felt that Beholder’s win in the Pacific Classic was the best

performance by any thoroughbred this year,” said Simon. Keen Ice and Frosted could surprise, as well,”

he added.

US Racing features race analysis, interviews, free handicapping tips and

stories on trainers, jockeys, owners, breeders, horses and new

technology and developments in the horse racing industry. He represents value

when betting

on the Breeders’ Cup.”

2015 Breeders’ Cup Classic Odds from USRacing.com

US Racing’s comprehensive Breeders’ Cup Betting Guide by Derek

Simon is available to all members of US Racing. “Smooth Roller,

I think, is the horse that is going to be overlooked. Membership is free and

there are no fees or charges to wager on horses or to watch live horse

racing video. No wagering of

any form takes place at US Racing.

Post

 

 

 

 

 

 

 

Horse

 

 

 

 

 

 

 

Jockey

 

 

 

 

 

 

 

Trainer

 

 

 

 

 

 

 

Odds

1

Tonalist

John Velazquez

Christophe Clement

6/1

2

Keen Ice

Irad Ortiz, Jr.

Dale Romans

12/1

The world will be watching American Pharoah’s final race on NBC and

getting all the action with US Racing.

Derek Simon, US Racing’s editor and handicapper, has no doubt of the

value found in Beholder and Smooth Roller–and he makes his case with

statistics compiled from every Breeders’ Cup race run from 1997-2014.

4

American Pharoah

Victor Espinoza

Bob Baffert

6/5

US Racing offers thoroughbred, harness and greyhound wagering content

from over 200 of the world’s premier racetracks. His video analysis of

the possible winners can be viewed online at US

Racing with Derek Simon.

US Racing is privately held with offices in the Americas, China,

Gibraltar, Hong Kong and the Isle of Man.

“American Pharoah is the betting favourite with good reason,” said James

Maxwell of US Racing. This is a horse I

definitely think you have to use on your ticket. “Can the Triple Crown winner round out his career

winning the Classic? The public loves him but we’ve observed several

punters backing Beholder. Online horse betting is available via desktop computer,

laptop, iPad, iPhone or Android powered devices.

3

Frosted

Joel Rosario

Kiaran McLaughlin

15/1

LEXINGTON, Ky.–(BUSINESS WIRE)–US Racing (www.usracing.com),

an international online horse racing service, today released the updated

odds of the 31st Breeders’ Cup to be held at Keeneland Race

Course on October 30th and 31st.

10

Beholder

Gary Stevens

Richard Mandella

3/1

8

Hard Aces

Joe Talamo

John Sadler

50/1

9

Honor Code

Javier Castellano

Claude McGaughey III

6/1

6

Effinex

Mike Smith

James Jerkens

30/1

5

Gleneagles

Ryan Moore

Aidan O’Brien

20/1

US Racing (www.usracing.com)

is the largest international online horse racing service in the world.

Online Gambling’s Good for U.S.

The principal benefit of regulation to online players is the personal and legal security of funds, whereas currently players in unregulated environments have no legal recourse over matters such as suspected cheating and frozen assets.

In 2008, the global online gambling market was valued at $20 billion annually, with 50 percent of that demand coming from the U.S.. Increased competition results in a more efficient allocation of resources, as gambling providers attempt to maintain and attract new customers.

Banning online gambling in the domestic American market simply results in the establishment of Internet gaming sites overseas.

Another major benefit of allowing online gambling is that competition will be introduced into a highly regulated marketplace dominated by licensed providers who monopolize the gaming market. Ironically the anti-Bodog crackdown comes as the push for sensible regulation of the online gambling industry is gathering serious political momentum.

Second, consumer demand for online gambling and the government’s demand for tax revenues will create enormous pressure for legalization in any jurisdiction, such as the U.S., that currently operates a domestic ban.

. Including unlicensed sites, the total rose to 6,000. This is especially true given service providers’ unrestrained access to overseas Internet sites in jurisdictions without online gambling restrictions.

Gambling is one of the great successes of online commerce. In addition, the technological and human capital required to locate offenders is substantial, as are the costs of prosecution and incarceration. As other jurisdictions identify the demand for online gambling, they have supplied this service to consumers.

Online gambling can be regulated effectively and without excessive cost, to standards that will provide strong protections for consumers and vulnerable players. The ill-advised indictments handed down against Calvin Ayre and his Bodog colleagues cannot alter that fact. Many federal and state-level politicians want to legalize online gambling, which Congress made illegal in 2006.

Federal prosecutors just dealt consumer freedom a terrible hand, shutting down the gambling website Bodog.com and indicting four company executives, including founder Calvin Ayre, for alleged illegal gambling that actually generated $100 million in customer winnings. If the domestic marketplace demands online gambling, which it clearly does, it will be supplied with or without government consent. The necessity of maintaining a strong customer base would motivate legal American service providers to offer legitimate, reputable gambling sites.

For example, in 2009 there were 2,381 sites run by 493 companies licensed in 50 jurisdictions worldwide. Not only will this increased competition result in a wider range of gambling activities, it will reduce cost to consumers. Stopping American online gambling is truly mission impossible, with a vast number of insurmountable challenges facing governments that endeavor to criminalize online gambling.

Prohibitionists appear to ignore the fact that most gambling sites, like any reputable business, rely on customer loyalty to remain profitable. As an international network, the Internet provides an instant detour around domestic prohibition.

Patrick Basham is a Cato Institute adjunct scholar. The online gambling industry is merely another form of commerce where prohibition is the wrong option.

A great degree of surveillance is required to detect online illegality, and there are significant difficulties in locating, investigating, and prosecuting online offenders. He coauthored (with John Luik) the Democracy Institute book, Gambling: A Healthy Bet.

In recent years, it’s become clear to a growing number of policymakers, including Senate Majority Leader Harry Reid, that the ban on online gambling is a failure. As such, the Internet offers potential consumers convenient and inexpensive access to their favorite gambling sites, introducing competition into an industry once dominated by highly restrictive licensing practices.

Two additional factors contribute to the inevitable failure of prohibition. Many of these sites were established in small nations with little or no regulatory oversight.

This form of gambling also encourages private sector businesses to develop network capacity and commerce. With legal online gambling, competition among operators would increase to such an extent that they will be forced by the marketplace, rather than by governments, to offer a reduced house advantage.

The Internet has revealed the potential of technology not only to dramatically increase existing gambling opportunities but also to introduce new ones. First, online technology renders prohibition futile. Along with the inefficient use of resources caused by prohibition, there’s the danger of unintentionally increasing the criminal element.

The current prohibitionist law is really a protectionist measure designed to support specific domestic operators, such as the websites run by the horse betting industry

Negative Effects of Gambling

Over time, it becomes a habit, and eventually an obsession that can’t be overcome. In the following sections of this Buzzle article, we discuss the negative effects of gambling on the individual and society.

Initially, one looks at gambling as a way to run away from life’s problems, or from stress, anger, and loneliness. The decision to gamble money is based on three parameters namely; how much to bet, the predictability of the event, and the conditions agreed upon, between the gamblers. Some take to substance abuse to supplement the high they get from winning huge sums while gambling. Their mental state can even lead to suicidal tendencies.

? According to a study by the George State University, 50% of the problem gamblers commit crime. According to the National Research Council, 10 to 17% of the children of problem gamblers have been abused and so have 25 to 50% of the partners of problems gamblers.

? People who fall prey to gambling tend to remain away from their families and waste money on other bad practices. The two go hand in hand. Thus, gambling practices cause a huge financial burden on the families of the affected and on the society at large.

? People continue gambling with the greed of winning money. A recreational activity is supposed to be refreshing and relaxing, but something like gambling is contrary to the very purpose of recreation. Forget satisfaction or peace, it is not even refreshing in the real sense. The skill of a gambler lies in weighing the three parameters and making a decision about what amount should be staked and how much should be expected in return.

? Additionally, rehabilitation and public assistance systems are taxed.

Gambling = Thoughtless Expenditure + Waste of Time

? Gambling at the cost of one’s job results in a decline in the quality of his professional life. The addiction gets on to the gamblers to such an extent that they fail to think wisely before acting. The stress of risking huge amounts of money or the frustration after losing it can increase the tendency of abuse in gamblers. Addiction to gambling, coupled with substance abuse can make the gamblers physically abusive towards their family. The addiction robs a gambler of all the productive time and leads to loss of efficiency at work. They tend to stay away from their near ones, resulting in distrust between them and their loved ones.

? Gambling can lead to criminal activities. On giving a serious consideration to the negative effects of gambling, we realize that it is best avoided.

. The greed never ends and they keep betting more and more. The effect is similar to that of having a drug or a drink, which is why gambling changes one’s mental state and mood.

Gambling refers to the betting of money on an event with an uncertain outcome, with the intent of winning additional wealth. In spite of the losses incurred, they continue betting. Betting is a mentally taxing activity, and as one goes on risking more and more money, anxiety starts building.

? The stress from gambling may lead to health issues like ulcers, stomach problems, muscle pains, headaches, and problems with sleep.

? As gambling leads to increased criminal activities, in a way, gamblers add to the burden on prisons and the legal system.

? An Austrian study said that around 1 in 5 suicidal patients had a gambling problem.

Compulsive gambling leads to bankruptcy

Mental and physical health problems, financial issues, and conflicts in the family are among the common negative effects of gambling. The addiction leads people to continue with gambling irrespective of whether they earn or lose in the deal. It causes a decline in his/her work performance, thus hampering his career.

? The addiction to gambling can leave one in bankruptcy. Sports betting and arbitrage betting are the other types. Due to lost mental peace, they may ill-treat their spouse and children. Some go that way to forget the sorrow of losing big sums when gambling.

? Research has shown that gambling can lead to harmful behavior in people. Six to eight million people in America are estimated to have a gambling problem.

? According to a research by NCPG, 76 percent of problem gamblers are likely to have a major depressive disorder.

? Substances of abuse are served at casinos and in pubs and clubs, thus increasing the likelihood of gamblers consuming them. They engage in gambling activities at the cost of their time with family and friends. To add to the so-called merry atmosphere, gamblers often smoke or drink while playing.

? According to the University of New York, in people with alcohol use disorders, the chances of developing an addiction to gambling are 23 times higher.

? Studies show that children with a sibling or parent addicted to gambling, are more likely to take to substance abuse.

? Apart from absence at work and drop in efficiency, a common observation is that gamblers tend to steal money and engage in fraudulent behavior to recover from financial losses incurred when gambling, or to get more money to bet.

Games offered in casinos, table games like poker, Red Dog, and Blackjack, as also electronic games like Slot Machine and Video Poker are some of the common types of gambling. It only leads to a thoughtless expenditure of money and valuables.

? Children of parents who are problem gamblers or gambling addicts tend to feel abandoned and angry, further increasing stress and leading to strained family relations.

? A majority of those addicted to gambling have substance abuse disorders.

? Over time, the practice of gambling starts becoming a habit and begins to have damaging effects at psychological, physical, and social levels. It soon becomes a habit that can’t be broken.

? Problem gamblers and addicts tend to abuse their family members. It can drag you into crime, gambling isn’t fun.

? Gambling is practiced as a means of recreation. This proves to be detrimental to their social and family life. The addiction has negative effects on one’s physical and mental health and it proves to be detrimental to one’s social, personal, and professional life. Card games, coin tossing, and dice-based games are some non-casino based forms of gambling. Their debt keeps building and it may reach an amount that exceeds their capacity to repay.

? Similar to how an individual keeps consuming substances like drugs or alcohol to experience an altered mental state, he continues to gamble. The National Council of Problem Gambling (NCPG) describes this type of gambling behavior as problem gambling.

? They start borrowing money and take secret loans. Rehabilitating the gambling addicts needs money and time, and the process is not very easy. Thus, gambling can have a grave economic impact which is difficult to reverse.

You could be at gunpoint or holding the gun. A study by the same university suggested that 73% of the individuals who are imprisoned are found to be problem gamblers.

? Gamblers often exhibit mood swings and a strangely secretive behavior. ? The costs of treating compulsive gamblers are huge. Because of this, they land in worse situations and take the wrong decisions in life.

? Addiction to gambling has been linked with substance abuse. When they lose the money they had risked, they further gamble to recover the lost amount and it becomes a vicious circle even they can’t escape from.

? Gambling has proven to be addictive