Online Gambling Legal Issues
Online Gambling is the use of the Internet to place bets or wagers on games of chance. It includes virtual poker, casinos and sports betting. The first online gambling venue opened to the general public was ticketing for the Liechtenstein International Lottery in October 1994.
UIGEA (Unlawful Internet Gambling Enforcement Act) and Wire Act: Legal Issues
US laws on the legality of online gambling are complex, and vary from state to state. However, the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) limits banks and payment processors from transacting with internet gambling sites that are unlawful under any federal or state law.
The Wire Act of 1961 outlaws interstate wagering on sports but does not address other forms of gambling. In addition, the federal government is trying to stop the spread of online gambling by pressuring internet search engines like Google and Yahoo! to remove advertisements that promote online gambling.
Bonus Hunting: A Form of Advantage Gaming
Whether you are playing at a land-based casino, sportsbook or poker room, there is a mathematical way to profit from casino and sportsbook bonus situations. In this situation, a player is given an initial deposit or cashable bonus and then he needs to bet on certain outcomes to maximize his or her expected gain.
The majority of US players prefer to fund their accounts with a credit card or pre-paid card, as these methods are easy and secure. However, some players prefer to use cryptocurrencies such as Bitcoin instead of credit cards. The best way to find out what works for you is to do your research and find a reliable option that fits your budget.