Tag Archive | "Online gambling"

Online Sports Betting may be Getting it’s Own Gray’s Sports Almanac


Online Sports Betting may be Getting it’s Own Gray’s Sports Almanac 300x203 Online Sports Betting may be Getting it’s Own  Gray’s Sports Almanac That’s right. For you Back to the Future 2 fans, online sports gambling may have developed their own version of Gray’s Sports Almanac. For clarification, this is not a program that can predict the future (which would be awesome). This program takes all stats and figures and predicts the best possible outcome, so you can more likely pick a winner.

So who came up with this computerized “Game Genie”? According to Online Casinos.com, “Mr. Renström is the co-founder and chief executive of RebelBetting, a former computer programmer making a profit betting in an informed way”. Online Casinos.com elaborated how the program works. “RebelBetting charges a €129 monthly fee for a license to use its software, which gathers combinations of odds for football, rugby and tennis matches. Applicants then have a minimal opportunity to place two matching bets manually benefiting from the software.”

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Harvard Provides Evidence Online Gambling Isn’t as Addictive as Perceived


Harvard Provides Evidence Online Gambling Isn’t as Addictive as Perceived Harvard Provides Evidence Online Gambling Isn’t as Addictive as PerceivedWell we have all been hearing how internet gambling is becoming more of a reality in the United States (cases in point – New Jersey, Delaware, and Nevada). With that, concerns of increased gambling addiction have been raised. It has been assumed that with the ability to just sit in your own home and gamble that one would be more likely to gamble more of their income, and more frequently.

Surprisingly, according to Mirror, “recent research conducted by Harvard Medical School’s Division on Addiction has found no evidence that online casinos create more problem gamblers than any other form of gambling.” How did Harvard come to these findings? They did a test group of 4,000 people to gamble online. They found of the 4,000, that “only a tiny minority of players (between 1%-5%) exhibited “intense gambling behavior that far exceeded the rest of the sample.” The Week also backs up these findings by quoting, “Of the estimated USD$475 billion lost in worldwide gambling in 2013, only around 7% was lost in online casinos.”  Now that’s a horse of a different color!

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Utah Battles Underage Online Gambling


Utah Battles Underage Online Gambling 255x300 Utah Battles Underage Online GamblingRepublican U.S. Congressman Jason Chaffetz of Utah is doing everything he can to try to keep online gambling from continuing in their state. In 2011, the Department of Justice permitted online gambling in the state of Utah.

Why is this such a big concern? Well apparently, there has been a slew of underage online gambling going on throughout the state. TheHill.com quotes what Chaffetz told Newsweek, “I am afraid that if we don’t move quickly and get some decent regulations in place, which we really don’t have right now, it will be too late to stop it from reaching all the states.” Cheffetz was really concerned about “slots for tots” or gambling sites that have games that may appeal to children. “Many parents already can see how easy it is for a kid to get addicted to a video game that does not involve money. You put them on the internet and they are gambling with money, now you have a real problem.”

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PayPal Takes Aim at Online Gambling


PayPal Takes Aim at Online Gambling PayPal Takes Aim at Online GamblingGuess what, folks? There might be a new addition to the online casino world in the US. That new addition would be none other than, the payment site you eBayers know and love, PayPal.

According to cardschat.com, the online gambling market has been trying to get this powerhouse payment site to join on for a while. This very well may be a reality as Online Poker Report’s author Chris Grove tweeted, “Sources tell OPR that PayPal will start processing regulated US online #gambling payments in coming months. Handful of operators to start.”

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New Jersey Wants to Zero Out Unlicensed Online Gambling Sites


New Jersey Wants to Zero Out Unlicensed Online Gambling Sites 300x150 New Jersey Wants to Zero Out Unlicensed Online Gambling SitesAll right, license and registration please. Ok, there was nobody pulled over, but New Jersey wants to pull their gamblers away from unlicensed sites. Apparently, it is starting to work because, according to new polling data from Commercial Intelligence, fewer New Jersey online gamblers are frequenting those sites.

In a follow-up survey conducted in January NJ.com explains that Commercial Intelligence, “Polled 520 New Jersey online gamblers to get a better idea of the habits of the players in the market. What they found was significantly fewer players were using illegal, offshore sites in January.” They continue to say that the percentage of people who used these ‘offshore sites’ dropped from 24% to 16%.”

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India Wants to Hit the Ground Rummy-ing!


India Wants to Hit the Ground Rummy ing 300x182 India Wants to Hit the Ground Rummy ing!Rummy has been taken to a new level in India, and their Supreme Court judges are not happy in the least. According to Online-casinos.com, “The Court will decide whether the online card games conform to existing laws that strictly prohibit any form of gambling.”

Is Rummy really a form of gambling though? People trying to keep these web pages in India alive were arguing that question. Online-casinos.com answered that question too. “The argument lies in the game being primarily skill rather than just chance.” So if it is a game of skill, how is it considered gambling? Mainly because the exchange of money is involved.

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Online Gambling Becoming a Catfight


Online Gambling Becoming a Catfight 300x200 Online Gambling Becoming a CatfightOK, I want a clean fight. No blows below the belt, and most of all no hair pulling!

There is a battle going on in our government that is as divided as the Jets and the Sharks – the battle over the continuation of legalized online gambling on one side and the abolishment of it on the other.

Now the disagreement has escalated so much that some Vegas companies are stepping in and providing more than just their two cents, but the full weight of their pocketbooks. According to VegasINC, “The proposed ban, contained in a measure championed by Sen. Lindsey Graham (R-SC) and Rep. Jason Chaffetz (R-UT), has helped trigger hundreds of thousands of dollars in spending from the gaming industry. One side, led by Las Vegas Sands CEO Sheldon Adelson, is in favor of the prohibition. Others, including Caesars Entertainment, are fiercely opposed.”

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New Jersey Online Gambling Profits are Moving on Up


New Jersey Online Gambling Profits are Moving on Up 300x200 New Jersey Online Gambling Profits are Moving on UpLook out folks, New Jersey is going up! On the next floor we have gambling revenue from online poker and online gambling, please watch your step while exiting the elevator!

In July, New Jersey raised its revenue back up to the $10mm mark. In Onlinepokerreport.com, Chris Grove notes that, according to the figures released from the New Jersey Division of Gaming Enforcement, “The state’s regulated poker rooms and casino sites generated total revenue of $10.07mm during July.” That’s definitely up from the $9.5mm made in June.

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Philippines Bill to Protect Minors from Online Gambling


Philippines Bill to Protect Minors from Online Gambling 300x212 Philippines Bill to Protect Minors from Online Gambling According to PokerUpdate, lawmakers in the Philippines have proposed new igaming regulations that would result in pretty significant fines for those who make it possible for minors to access online gambling sites and wager real money.

Rep. Samuel Pagdilao, an Anti-Crime and Terrorism Community Involvement and Support (ACT-CIS) member, is leading the charge for reform, seeking a 5 to 10-year jail term or fines of up to 10 million pesos ($230,000) for licensees who “knowingly allow those underage to gamble online.”

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Success in The World of Online Gambling Will Take a Community Effort


Success In The World Of Online Gambling Will Take a Community Effort 300x200 Success in The World of Online Gambling Will Take a Community EffortAs many new countries around the globe legalize online gambling and sports betting, a need emerges for improved software and online gaming applications. Being that online gambling is still a fairly new sub-industry within the world of live physical gambling and betting, there is still ample opportunity for new industry leaders to emerge in this genre of gaming.

It is for this reason that FreeBets has just launched a new interactive series geared towards the major players in the gambling industry. SBC News reports the series is called “Talking Mobile,” and is an ongoing Q&A between industry leaders with the hopes to improve software development and the overall success for online apps, and gambling and sports betting websites.

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