CNN – Gambling online? You bet!

Passed during the term of crime-fighter Attorney General Robert Kennedy, the law was intended to outlaw betting over telephone lines. “We get daily reports, and you’ll see these people who spend a couple of hours gambling, and the total amount they bet is like $1.81,” says Thomas Holmes, Inland’s head of technology. to gain access to offshore sites,” says Sebastian Sinclair of Christiansen/Cummings. If, on the other hand, an activity is in the physical world – betting on horses, or casino betting with Indian tribes – it becomes subject to federal criminal sanction when it occurs in cyberspace.

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You might think that the prospect of competing against the likes of Microsoft would terrify a $20 million company like Inland.

Today, Americans spend some $600 billion a year on legal gambling, making it by far the favored national pastime.

More than a year later, however, no cases have come to trial, and nine defendants have accepted plea bargains for state misdemeanor charges with no jail time. About 2,000 years later, Bugsy Siegel took the concept a step further and built the Flamingo Hotel in the desert town of Las Vegas. Tony Cabot, an attorney specializing in gaming issues, says flatly, “When you see Kerry Packer get together with Microsoft, you have to believe there is a future for this type of wagering.”

Is Microsoft betting too?

The potential action is too compelling for even the largest tech tycoons to resist. (The company did not respond to repeated requests for an interview.)

Group calls for regulation of Net gambling

For years, another barrier to the growth of Internet gambling has been strong opposition from those most threatened by gambling sites: legal American casinos. O’Brien observes in Bad Bet, his comprehensive account of America’s gambling industry, “Judging by dollars spent, gambling is now more popular in America than baseball, the movies and Disneyland combined.”

First, legislation should treat physical activity and cyberactivity in the same way. Bets generally range from $1 to as much as $300.

So how is it that these companies appear to operate legally, but a dozen Caribbean cowboys found themselves under felony indictment?

Finally, the DoJ believes that any federal law must recognize that the Internet is different from other communications media: It’s a multifaceted communications medium that allows for both point-to-point transmission between two parties (like the telephone), as well as the widespread dissemination of information to a vast audience (like a newspaper). But following a 1997 indictment, the state of Missouri settled a suit against the company and its president, Michael Simone, for about $35,000.

All the sites indicted by the U.S. The office of U.S. “Think about what would happen to Wal-Mart (WMT), General Motors or Microsoft if these companies had to continue to dodge federal roadblocks to access their customers,” says Sebastian Sinclair, senior associate at Christiansen/Cummings Associates, a management consulting firm. Justice believes that any legislation addressing criminal misuse of computers or computer systems (including the Internet) should have three vital characteristics. White’s hesitancy suggests that the law may not be as solid as she thought when she indicted. The minimum amount to begin an account varies. Estimates range from $650 million to $1 billion a year, worldwide – a tiny fraction of the amount spent on more traditional formats.

Prosecutors focus on sports betting

Intriguingly, though, all the bets that make up the U.S. attorney for the Southern District of New York, indicted 14 managers of six Internet companies for offering gambling on their sites.

One major barrier to profitability is the law. That makes for an Internet gambling environment too porous for U.S law enforcement to plug. . That figure exaggerates the size of the Internet gambling sector, since some companies operate more than one online betting parlor. has had little cooperation from any other nation. The Standard obtained a Department of Justice analysis of the bill S. Says Sinclair of Christiansen/Cummings: “You are going to feel more comfortable wagering with a Hilton than you will with Joe’s Casino.”

But the growing acceptance of online betting and the Internet’s inherent ability to shatter jurisdictions bring the inconsistencies of American gaming law to a boil. In most cases, this means operating out of Australia. But according to Inland CEO Don Speer, elusive profits need not be one of them.

The original version of Kyl’s bill failed most of these tests. But the travails associated with fending off lawsuits have essentially put the company out of business. Why should it be legal to bet online on a horse race in another state, but not legal to bet on a basketball game in one’s own state? If Native American tribes can establish new, legal, physical places where adults can gamble, why shouldn’t someone be able to do the same in cyberspace?

But over the last several months, at least some traditional casinos have pursued the time-honored strategy of joining an Internet gambling trend that they can’t beat. In a highly publicized March 1998 “raid,” Mary Jo White, the U.S. In January, MegaSports began taking Internet bets from Australians; it expects soon to allow global gambling on sporting events. citizens, it will be increasingly tempting for them to turn to locations abroad. Kyl introduced a revised version earlier this year, removing some of the more onerous and hard-to-enforce provisions. At one point, Interactive Gaming looked like it could be an industry leader. Even the precise number of online casinos is hard to calculate. Legislators have considered enlisting Internet service providers to patrol for undesirable sites, although Internet gambling insiders consider that proposal dead on arrival. Would-be wagerers open an account with a credit card, although some sites also accept cash and cashier’s checks. Attorney White has proceeded slowly and quietly. Even the firms that have enjoyed some stock-price popularity – such as Youbet.com – have shaky fundamentals. In the ’70s, Atlantic City legalized casino gambling; in the ensuing decades, state lotteries, Indian casinos, gaming ships, offtrack betting parlors and card clubs have sprouted across the landscape. The Justice Department doesn’t think that online casinos (including those that offer gambling on sports events) can legally conduct business in the United States, even if they are based in places where gambling is legal.

But a hard-core base will continue to turn to Internet betting for its clear advantages. “I use the service because it’s convenient and I have access to it when I want,” says one online gambler. Blackjack players can very easily count cards, or even consult odds charts; the Kennyrogerscasino.com site actually has a printable chart showing the best strategy for every possible hand of blackjack. According to an analysis m88 casino by Sue Schieder of Rolling Good Times, the online gambling magazine, the new legislation would not punish the casual bettor. Packer is a man with a voracious gambling appetite. “Federal legislation will make it difficult but not impossible for Internet gamblers in the U.S. attorney’s case involved the casinos’ sportsbooks. … Together, these sites have about 4,300 registered customers in 96 countries around the world. Almost all online gambling sites work the same. Nor would it prohibit online fantasy sports leagues, online lotteries in states where they are legal, or online betting on any live horse race where it would otherwise be lawful to wager. Their case is based on the 1961 Wire Act.

Internet Gambling Worldwide, Past and Future

Second, legislation should be technology-neutral. And for sports bettors – who make up a majority of online gamblers, according to industry insiders – the ease of using cyberbookies can’t be beat. For one thing, gambling from one’s home allows for a variety of techniques that would get one tossed out of a regular casino. In November 1998, for example, a division of Hilton Hotels acquired the company that runs Centrebet, a Web and telephone sports-wagering system based in Australia (www.centrebet.com.au).

That partnership leads many observers to believe that an online casino – using Microsoft platforms, of course – is in the works. Today, a roster on one “gambling portal” site lists well over 200. But as more and more traditional firms become involved, the consumer will look for the brand name. For decades, Vegas was about the only legal option for gamblers.

But even if Congress comes up with the best-crafted legislation in history, there are significant factors beyond its control. Casino games are available on a site or via downloadable software. The vast majority of customers will satisfy their demand for commercial gambling through less onerous and risky alternatives, such as lotteries, bingo, pari-mutuels and casinos.”

The prosecutors’ focus on sports bets appears to stem from legal precedent in the law they relied on. FBI agents placed bets on games – uniformly National Football League matches, although many other options are available – and followed up, whether they won or lost. Legislation tied to a particular technology may quickly become obsolete and require further amendment.

If such gamblers are not satisfied by options available to U.S. I’ve not had problems being paid.”

Take Interactive Gaming and Communications, another publicly traded company, located in Blue Bell, Pa. In 1997, published reports put the total number of operating online casinos at 15. Aruba, for one, is refusing to extradite any indicted individuals to the U.S., and thus far the U.S. If an activity is prohibited in the physical world but not on the Internet, the Internet becomes a safe haven for that criminal activity.

Similarly, the Las Vegas-based public company American Wagering, owner of Leroy’s Horse and Sports Place in Nevada, also operates a sports gambling site located in Canberra called MegaSports (www.megasports.com.au). The Internet is presently unregulated and we support a federal law regulating Internet gambling.”

Gambling is as at least as old as Christianity (that is, if Ben Hur can be trusted). “Ultimately, Internet gambling operators are selling a product. college and professional sports.

It’s not because they operate in any fundamentally different way.

Running an online casino carries all the usual challenges of Internet businesses, from low click-through rates to servers that fail. Inland, for example, operates two Web sites in addition to the one bearing Kenny Rogers’ likeness: Casinoaustralia.com and Goodluckclub.com. In 1998, the Senate passed, by a large margin, an amendment prohibiting Internet gambling, but that bill died before becoming law. attorney’s office theoretically operate out of the Caribbean.

Does the seeming invincibility of online gambling make it an enticing business? Jason Ader of Bear Stearns, urges caution. As Timothy L. 474, introduced into the Senate by Arizona’s John Kyl in 1997 as the Internet Gambling Prohibition Act. Failure to account for that specificity in legislation could stifle the Internet’s growth or chill its use as a communications tool. One Australian state, Queensland, is already awarding licenses for online gambling, and others may follow soon. He claims Inland’s Internet gambling business went slightly into the black in March, on annualized revenues of about $1 million. Her higher-ups in the Justice Department appear to agree. They almost always include slots, blackjack and video poker, but many sites carry more exotic games, from baccarat to pai gow. The American Gaming Association, a trade group of gaming firms, maintains this view regarding online wagering: “The industry has been state-regulated and we think it should remain that way. (The company’s Indian casino and Web-development divisions make more.) “This is the really exciting point, because I know where it goes from here,” Speer said in an interview. His equal partner is Australian tycoon Kerry Packer of the Crown Casino in Victoria. The defendants, many of whom live abroad, were threatened with up to five years in prison and $250,000 fines. One of Microsoft (MSFT)’s less-publicized adventures is Ninemsn, an Australia-based Internet service to which Bill Gates has pledged tens of millions of dollars. The Wire Act obviously has no mention of wagering over the Internet. But they say the more bettors, the better. A Ninemsn spokesperson says that the site does not now offer online gambling and would not comment on future plans. (However, an HBO sports program attempted to locate one of these ventures in Aruba, and ultimately found that the genuine server was in a residential neighborhood in Bethlehem, Pa.) And the Caribbean nations would like to keep their haven status. Like the Communications Act passed in the 1930s, technology has now leapfrogged the law. “The telephone is being used to facilitate these wagers and I believe the government has a solid case,” explains Tony Cabot, a Las Vegas-based gaming lawyer and author of a book on Internet gaming. Anyone over the age of 18 can set up an account with Centrebet and place money on a variety of worldwide sporting events, including U.S.

Nonetheless, some experts think the case could be made to stick. “Since there are no controls at present regarding Internet wagering, I would urge investors to shun these firms at present,” he says. Says Opel, “Bringing in the big names and established companies only adds credibility and visibility to what we’re already doing.”

Is it legal?

A few hurdles have to be cleared before such ventures can take off – beginning with the federal government. “And it is possible that records could be subpoenaed of various banks where these companies maintain accounts.”

The amount spent on Internet gambling is harder to calculate.

Although it uses a CryptoLogic template similar to several other online casinos, Kennyrogerscasino.com may be unique in letting bettors wager as little as a penny at a time. “I wager on football games and usually bet in the neighborhood of $1,000 every weekend. That may suggest that, as some legal observers have argued, the 1961 federal Wire Act is too old and too loosely written to prohibit online gambling.…

Guide to sports betting – National International Sports

These are also referred to as flexible rate bets. The punter creates the conditions that give him the chance to win a payout, and those conditions need to be met. There are countless possibilities in making proposition bets in sports, and it can prove profitable for punters who possess substantial expertise in a certain game.

Sports betting is typically performed through a bookmaker or via the internet. A straight bet is the most common type of wager. This type of wager is typically restricted to online betting sites.

It is estimated that over a million adults in Britain engage in sports betting in sports such as horse racing, football, golf, tennis, boxing, rugby, cricket, and motor racing. If any of the three teams lose, the bettor loses the parlay. A punter can predict the number of goals each team scores in a football match. Predicting sports results and placing a wager on the outcome has received greater media coverage in recent years.

In head-to-head bets, a punter predicts competitors’ results against each other and not on the overall result of the event. Thus, a punter can take advantage of teams that perform unusually well in the later stages of an athletic contest.

A bookmaker acts as a market maker for sports wagers.

A proposition bets is a wager made on a very specific outcome of a match. A “futures” wager involves long-term predictions on a team or player. That allows the operator to gain a profit regardless of which side wins or loses.

Sports betting is typically performed through a bookmaker or via the internet. It is made against the spread or line, which is a number assigned by the bookmakers which handicaps one team and favors another. Similarly, a teaser allows the bettor to combine his bets on two or more different games. In a parlay, a bettor can predict that three football teams will all win on a given Saturday. The resulting bet that is placed is won or lost only on the points scored by both teams in the second half only. However, if the punter is correct in his prediction, he receives a substantially higher payout. They assign odds and probabilities on m88 players, teams, and sporting events.. For instance, a punter can bet that a certain tennis player will win the Wimbledon championship in an upcoming season.

Parlays involve multiple bets and will reward a successful bettor with a large payout. If the bookmaker’s return percentage is 95 percent, then 95 percent of the amount placed on the winning result will be given back to bettors and 5 percent goes to the bookmaker.

Bookmakers usually assign prices in such a way that approximately the same number of bettors will choose either side. This type of wager is popular in race events such as motor racing and horse racing. If the player’s first selection complies with the condition (clause), then the second selection will have action; if the second selection complies with the condition, then the third selection will have action and so on.

There are other types of sports betting. The bettor can adjust the point spreads for the two games, but must get all the games correct to win and recognizes a lower return in comparison to parlays.

In totalizators, the odds change in real-time according to the betting trends and the return rate of the bookmaker offering the bet. The bookmaker accepts wagers on both sides, and maintains a spread which will ensure a profit regardless of the outcome of the wager. There are several types of bets. There are several types of bets.

An “if” bet consists of at least two straight bets joined together by an if clause which determines the wager process. Essentially, bookmakers price odds on the likelihood of one team winning against another by a certain margin.

Finally, in-play betting allows bettors to place new bets while a sporting event is in progress. For example, a bettor can predict that one racehorse or jokey will finish ahead of a rival in the Epsom Derby.…

How Web-based casinos are beating the odds –

There are too many other choices out there for players,” he said.

Starnet, for example, posted $1.8 million in sales for its most recent quarter and showed $248,000 in profit.

Last year, Starnet’s casinos group saw 6 million hits daily; the average spent per bettor visit was $200, he said.

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Are you a Web junkie?

Even so, Starnet, which is based in Vancouver, B.C., is careful to do all bet-processing and money transactions on servers here to guard against Canadian and U.S. Instead of having to download fat software files before playing, users spend one to three minutes installing various Java applets, he said.

Managing risks — financial, legal and security — is what the business is all about. English Harbour Casino Ltd., on the southern tip of the island, uses Deloitte Touche LLP, while Boss Casinos employs PricewaterhouseCoopers.

Boss Casinos moved into a snow-white, five-story building — one of the tallest in this capital city — after Hurricane Georges blew the roof off its former quarters in September. Nash

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Starnet wouldn’t mind being a takeover candidate for land-based casinos: “Once the smoke clears, they will look at a company like us to get them online,” Bowering said.

Each of the 14 gambling executives interviewed by Computerworld claimed to be bringing a businessman’s order to the largely untested world of Internet wagering.

And Amazon.com doesn’t have to worry about how to pay out $50,000 jackpots.

March 4, 1999

Webposted at 8:08 am EDT

“Security we take quite seriously,” Bengtsson said. Inland isn’t profitable yet.

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Nash is a Computerworld senior editor. All staff is cleared by Interpol,” he said. So far, he’s collected $6 million to $7 million in license fees from the 32 online casinos and sports-betting sites he has sanctioned.

“We gotta be fast. Her E-mail address is [email protected]

Perhaps most nettlesome are the financial transactions. Kitts, has spent $20 million in the past three years to set up its GalaxiWorld online casino, said Larry Weltman, chief financial officer at the company in Gibraltar, U.K.

Cost of doing business

In the new locale, Bengtsson plans to set up a locked and guarded server room in which to house six Sun Microsystems Inc. It’s almost a bank.”. JOHN’S, Antigua (IDG) — Here among the storefronts made of plywood and painted ice-pop colors, there grows a strain of electronic commerce that faces obstacles even Amazon.com couldn’t imagine. We’re sticking to a marketing strategy and a business plan,” said Bowering, a 38-year-old former stock broker and financial consultant. police say online gambling is illegal under a 38-year-old law — and they’re starting to prosecute. The company, which has headquarters in Sweden, employs 30 people locally, mostly in telephone support and risk analysis.

There’s just one problem: U.S. “We tried to recruit from locals but they don’t have the skills,” Bengtsson said.

Terry Bowering has paid his $100,000 annual license fee to Antigua and scoffs at the idea that online casino executives run a crooked business, hide from the law or fleece naive Internet users.

by Kim S. “We’re not typical bookies. “We deal with other people’s money and must have backup procedures and a fire-safe area and strict rules. Congress is expected to outlaw Internet casinos outright.

“Gambling provides revenue to the country but also employment and indirect economic benefits,” said Vere Murphy, commissioner of the Free Trade and Processing Zone, which licenses and regulates Internet gambling companies here.

For Bowering, vice president of offshore operations at Starnet Communications International Inc., Internet gambling is a legitimate form of electronic commerce that lawmakers just don’t understand.

Starnet Communications International Inc.

Inland Entertainment Corp.

GalaxiWorld

Murphy says he sees himself as something of a cybercop, enforcing licensing laws and chasing away lawbreakers. Moreover, the U.S. Page hits totaled 3.2 million.

“You play my game, and it’s a real live transaction taking place,” he said. Operations were down for more than two days.

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The four information technology people at Boss Casinos all are transplanted Swedes. In fact, Antigua invites it.

More than 1,200 registered players placed $3.1 million worth of wagers in GalaxiWorld’s first month in action. servers, one for each of the gambling sites he runs for other companies.

“We don’t sit here drinking umbrella drinks,” said Peter Bengtsson, managing director of Boss Casinos Ltd. in San Diego, which runs three online casinos, like to point out that they’re publicly traded firms that must report detailed company data.

Hiring programmers well-versed in Sun’s Java language is expensive but worth it, according to Weltman, 37. We’re the future. Bengtsson, a 30-year-old ex-blackjack dealer in banker’s clothes, runs Boss Casinos, which is one of the biggest online gambling operations here. We’re MBAs.”

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Playing by the rules

They also must support many languages besides English to attract players in Europe and Asia, where online betting isn’t so legally iffy.

Two Compaq Computer Corp. Internet gambling operators must gird their sites for multiple simultaneous users who pound through rounds of blackjack and online roulette — at 40, 50 and 60 clicks per minute.

But as usual, the house is raking in the cash. (Boss Casinos charges maintenance fees and takes an additional cut of the revenue from each client.)

Software development costs are the biggest expense for Internet gambling firms. Online gambling is a $535 million industry worldwide that’s expected to grow to $10 billion in three years, according to Datamonitor PLC, a market researcher in London. The credit card, passport and other data requested of players “never leaves this building. GLC Ltd., which does business on the nearby island of St. Gun-toting local police also watch the premises 12 hours a day.

Meanwhile, Starnet and rival Inland Entertainment Corp. Wire transfers, credit cards, bank drafts, personal checks, electronic currency, even cash: They all are forms of payment acceptable at one gambling site or another.

ST. servers running Microsoft Corp.’s Windows NT process bettor payments. That’s different from Amazon.com, where “one customer buys two books, and it may [take] two or three weeks to deliver,” added Weltman, a former lottery company manager.…

Make Bets That Assure You A Win

Both of the teams have unbeatable good players,but then you should make bets after doing plenty of research work,don’t just stick to one,play smartly. It is essential to make a strong by soccer betting,you do not easily lose your calm and play with utmost patience.

The money making strategy in soccer betting is all about taking advantage from the information available,the more you are acquainted with latest trends the more you have chances of making as much money as you can. Website offering betting tips have plethora of tips along with a statistical analysis that guides you and let you focus on the certainty of the bets at stake. Losing with a small amount will not be a disaster,you can easily make other bets with more excitement and fun.

Online-betting.me.uk provides all information that you require for placing winning soccer bets. Here you get trusted and reliable statistics, tables, betting tips and latest results that relates to football betting.

Managing your betting amount is a crucial part to consider while you are placing soccer bets. Generally people get excited and make bets for larger amount all the time,this can lead them to debts because bankroll emptied quite early. However, despite of being an unpredictable affair betting lets you make huge money within a short span. It’s quite visible that Spain and Brazil are hot favorites for this soccer season, with presence of other teams,you need to carefully analyze their individualized performance and then place bets.

As the grand soccer world cup 200 is gearing near, players have great opportunity to try hand in making lucrative bets. Make sure you have maintained a betting limit , instead of wagering with hefty bucks, play with a small amount many times. Many times you might be very close to win,but end up losing.

All of us are aware that betting is a risky affair,this unpredicted event can take you to deep profits and at the same time you can lose also. You can also take a look on online lives scores of the matches and take the reviews of expert’s punter

Make your thoughts clear had have a strong base to make the most of this soccer betting season.

The real of of online soccer betting is not as simple as the flip of a coin which lets you decide outcome of the match. Online betting websites are a great source which provide players with enriched betting odds, higher stakes and array of bets for novices as well experienced punters. Making money from soccer betting is all the matter of taking advantage from the information. Websites guides players about recommendable bookmakers, betting tips, free bets and bonuses which let the players to have a unique betting style.…

High school, College and Professional Football

The said schools play at the NCAA’s divisional system with four divisions: Division I Bowl Subdivision, Division I Championship Subdivision, Division II and Division III. Playoffs for NFL is held until January while the Super Bowl is usually played in the first week of February, thus covering a wide range of weather conditions, from the heat and humidity of late summer, to the cold winds and snow in mid-winter.

Eligible college football players are selected by NFL teams during the NFL Drafts usually held in April. There is also the United Football League with only 5 teams and several other semi-professional football leagues like women’s semi-professional football, and indoor football leagues are also played all throughout the country. However in the 1970′s NFL began to schedule one game every Monday and in 2006, games are scheduled on Thursdays and on Saturdays at the end of the season. Traditionally, football is an autumn sport which typically starts in mid-to-late August until January. The Division I Bowl Subdivision which is the largest among the aforementioned divisions does not have a structured tournament to be able to determine its national champion; hence the teams are requested to play in numerous post-season bowl games. In 2011, he played for the Oakland Raiders and currently he is a part of the New York Jets team.

The National Football League comprised of 32 teams is the highest major professional league in the United States. He considers Steven Heyer of the Raiders as one of his football idols.

. Majority of the colleges and universities in the United States have their own football teams and college football is administered by the National Collegiate Athletic Association (NCAA). Steven Heyer started his professional football career in 2007 as part of Washington Redskins. It has been a tradition in the United States to play high school football games, college games and professional games on Friday, Saturday and Sunday respectively. He has been playing football since high school and college. In high school football, the teams generally play only with the other teams in the same state. When not busy with football practice at the filed, he would usually spend most of his time playing first person shooting videogames such as call of duty, halo or even battlefield.

One of the players in the NFL is Steven Heyer.

Allie Evans is a left tackle for his junior college team.

The major forms of football in the United States are high school football, college football and professional football. This is also the reason why football teams very seldom play more than one game in a week. Compared to other popular sports in the United States, American football seasons are typically far shorter because of its toll on the human body. Early professional teams also shared the same field with baseball teams which is the reason why the end of the baseball season marks the start of the football season.

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