Offshore Gambling – Is Offshore Gambling Really Worth 100’s of Billions A Year!

Ok I am back with another intriguing discussion on offshore gambling and it’s particulars. In this article I want to talk more about how huge this industry has grown as well how offshore gambling companies bypass the standard laws for various countries.

One of the best things I can think of about operating an offshore gambling casino if you have an Internet connection for instance you are in business as where you are in the world does not matter then. To make things more confusing for countries to penalize a company because of tax laws, online casinos gather bits and pieces from many different locations around the world. This business strategy has proved to be very successful as for example if an offshore gambling casino decided to obtain a license from one country, then host the website of his online casino on another server in another country and then advertise for customers to another country. This method, which is completely legal in all regards, just shows how ridiculous it would be for a government to try and control all offshore gambling events.

To give you an idea how big this industry has come, no one knows for sure but the total worth estimate is around the three hundred billion mark and growing. This is a huge figure considering that only in 2000, the figure was closer to one hundred million mark.

And because more and more people are playing online casinos each year, offshore gambling companies are ever expanding their empires further looking into grey areas of that particulars countries tax laws. Just recently the US government had installed a ban for all online casino gambling websites to advertise on the Internet, on television and in books or magazines. This new strategy employed by the government did put a damper on things for few months but offshore gambling centers countered back by displaying the educational benefits of playing with pretend money with that specific casino totally leaving judgment in the offshore gambling players hands to find the real play money site within.

Well with that in mind the cautious online player still has to be on the look out for shady offshore gambling outfits. How does one do that? To start we can thank the many websites that their sole purpose in life is to seek, locate and post on their sites the blacklisted casinos for various reasons but mainly for not paying customer winnings or not legit at all. As I have mentioned before I cannot stress enough to take some time first and look into the casino of choice and make sure you are dealing with a reputable offshore gambling casino only.

To be continued….

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Offshore Gambling – A Real Review On Offshore Gambling

Offshore gambling is commonly defined as the voluntary risking of a sum of money called a wager, stake, or bet, on the outcome of a game or other event. Gambling is risking something of value on the outcome of an uncertain event. Gambling is central to almost everything we do as human beings. Gambling is legal in 48 of 50 states. Offshore gambling is very much a leisure activity.

Internet gambling, for the compulsive gambler is defined as follows: Any betting or wagering, for self or others, whether for money or not, no matter how slight or insignificant, where the outcome is uncertain or depends upon chance or skill constitutes gambling. Casino gambling involves betting, whether individually or in pools, in games of chance where the odds of winning or losing are artificially created so that those who win do so (at least in part) at the expense of those who lose. Offshore gambling has been branded the new “opium of the people” in a Church of Scotland report presented to the General Assembly. Internet gambling becomes a problem when it causes a negative impact on any area of the individual’s life. Internet casino gambling can include playing the on-line or video lottery games, playing cards, dice, or dominoes, playing slot machines, betting on sporting events (with or without a bookie), betting on the horses or greyhounds, betting on games of skill (bowling, pool, golf, video or arcade games), and many other activities.

Offshore gambling is the new pre-marital sex. Online gambling can be addictive, but only to persons that have an addictive personality. Online casinos are a choice adults make about how to spend their own money. Internet gambling is a more responsible way of gambling than going to a brick and mortar casino where there is no limit on the amount you loose, where you are encouraged to continue gambling. Blackjack gambling online for example, is growing rapidly over the last 2 years and attracts many companies to invest in this ancient game. Gambling systems can be better monitored to avoid problem gambling than traditional forms of land-based gambling. Online casinos have regulations in nations such as the United Kingdom, Ireland, Australia, and Antigua ensure that consumers are treated fairly and the games are completely honest. Online poker fans from the States are already comparing this era of prohibition to that of the 1920s. The level of interest in online gambling remained relatively consistent throughout the year and actually increased in July 2001, at the same time as the introduction of the Interactive Gambling Act.

Online casinos as they do present some difficulties for the new player to get accustomed to, have none of the intricacies as land-based casinos do. Gambling is based on the evil desire to get money or goods, which belong to someone else without giving fair value in exchange. Offshore gambling is big business, bringing in huge amounts of cash and tax revenue, and employing thousands of state citizens. Gambling is essentially an expression of a covetous spirit and in my opinion offshore gambling is so appealing because of the opportunity to get something for nothing. Online casinos are successfully regulated in many parts of the world, so it can obviously be regulated in the United States. If you think of gambling as a form of entertainment, that seems to take a lot of the mystique away, and it may be easier to see that gambling is pretty harmless if one looks at it from an economic point of view.

To be continued…

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