The benefit of using a credit card is that it is secure and funds are applied rapidly. Most people have to request a check or wire transfer, which can take up to 5 business days or more. Funding an account with a credit card is easy. Just like any online purchase, you will be required to provide your name, billing information, and information located on the front and back of your card. If the information clears, the transaction processes and funds are deposited immediately. Some people may get denied because they are attempting to go over their limit, or information they provided does not match up with information tied to the account. Pre-paid cards are a great route to go for those wishing to keep gambling transactions out of their primary card statements, and also for those who want to impose limits on their spending amounts. If you often find yourself going above and beyond your budget, or losing track of your spending habits, then funding an online gambling account with a pre-paid method can be an excellent option.
It is important to note that some sites will not accept pre-paid cards. Cash Transfer Services Western Union and Moneygram are two of the most popular methods of funding an account via cash transfer service and can be completed either over the net or in person at a retail location. The benefit of using a cash transfer service is that you can use cash. Another benefit is that it is safe, although it does require a little bit of effort to get the money deposited. If you have decided you want to fund your account using this method, you will need to consult the gambling site you are using in order to gather the information necessary for them to receive your payment. After you have done this, you can register online with the cash transfer service to set up your account.
You can then fund the account and send that information back to the gambling site for confirmation. This method is fairly fast and also secure, although a small percentage of the transferred funds will be deducted as a service fee. For those who would prefer not to pay any fees, I would recommend sticking to a credit card when possible. But this is a great option for those who may not have a credit card readily available. First and foremost, it is more private, and therefore more secure, than most major forms of transacting available. E-wallets essentially take the money out of your hand and put it in the hands of a trusty middleman, or your own personal banker. Some popular e-wallets include Neteller, FirePay, and Paypal. For the most part, reputable online gambling sites are very safe in terms of privacy, but for those who are concerned, this can be an excellent safeguard. Cryptocurrency Bitcoin Another excellent method to fund accounts without compromising your privacy is to use alternate forms of currency, sometimes called cryptocurrency, with the most popular and available option being Bitcoin.
Bitcoin is a form of digitalized currency which was first released in 2009 and has grown tremendously in virtually every market since. It is another type of eWallet with optimal anonymity. Some people really value this and online casinos started recognizing that. Legally, it is a little ambiguous as to whether or not Bitcoin transactions are in the same class as regular eWallet transactions, and so, for now, there is no formal legislation on its use in the online gambling sector. There are many online Bitcoin casinos, some specifically marketing themselves to American gamblers, for this reason. Bitcoin is easy to use and once you have your account established, funds can be transferred just like an eWallet. The beauty and prestige of Bitcoin is that transactions are essentially very difficult to trace. Bitcoin currencies do change in value over time, although historically, this value has only increased.
Regardless of which method you choose to fund and withdraw from your online gambling account, one thing remains clear: Depending on the legislation in your region, you may be limited to one over the other, but for now, the primary methods of funding are easily accessible to most. Do your research and find out what works best for you. Best and Worst Ways to Gamble Online There are many ways to gamble online, and the differences between them can be extreme. Online Casino Games Return-to-player score: These include slots, blackjack, roulette, video poker, and keno, to name a few. The outcome of each game is generated instantly by means of a certified random numbers generators RNG , which means that internet-casino games are more fast-paced than their traditional counterparts. Some platforms also offer live dealer games, which are played using traditional casino equipment and real croupiers.
Different casino games come with different rules, so players must follow different strategies in order to maximize their odds of winning. What almost all games have in common is their negative expected value. Regardless of your choice, you will always lose your entire bankroll if you play long enough. Consequently, casino games should always be treated as pure entertainment and cannot be played professionally. You can win money if you get lucky and exploit the variance, but every casino player is guaranteed to lose in the long run. See our Online Casino Games Guide for recommended sites to play real money casino games and tips for picking profitable casino games. Online Sports Betting Return-to-player score: Some of them offer other forms of gambling under the same brand, but the sports betting section is always separate from the other games.
In fact, there are people who turned sports betting into a successful career, but doing so requires a lot of hard work and success is by no means guaranteed. See our Sports Betting Guide for recommended sportsbooks and tips to help you win real money betting sports online. PokerStars, the most popular network in the world, gives you access to every imaginable variant of the game. It also hosts weekly tournaments with millions of dollars in guaranteed prize pools. Competitive poker is a game of skill, so becoming a consistently winning player is a matter of learning the game and playing enough hands or tournaments. It also requires mental toughness and an adequate mindset. All of this means that the road towards becoming a professional poker player is a journey of self-improvement. Just keep in mind that online poker is significantly more competitive now than it was in the early days.
Check out our Online Poker Guide to learn how to win real money playing poker online against other players from around the world. High-profile betting platforms have excellent track coverage, allowing customers to wager on races held in Australia, Europe, South Africa, and the United States. This is due to the sheer number of horses participating in most races. See our Online Horse Race Betting Guide to learn how horse racing works, how to bet on horse races online, and valuable tips to help you make more profitable betting decisions. These teams compete with one another based on the real-life performances of their members. Being successful at fantasy sports requires a similar skill-set to the one that makes a successful sports bettor. The key difference is that you will be dealing with individual players instead of the team-level odds set by professional oddsmakers. Popular Gambling Activities There are a number of different ways you can gamble, but the following three activities are easily the most popular.
Sports Betting Playing Poker Sports Betting Sports betting has been popular for many years, since long before the internet was around. The ability to bet online has certainly helped to make it easier to place a wager though, and it's probably more popular now than it ever has been. The fact that it's possible to bet on almost any sporting event taking place around the world has certainly helped. If you're serious about your sports betting then you want to make absolutely sure that you use the right site. Any of the sites we recommend, including those listed at the top of this page, are fine for most forms of gambling. However, there are also certain sites that are particularly good for specific types of gambling. We therefore recommend the top sites in several different categories, including the best for betting on sports. You can find these recommendations on our page dedicated to real money sports betting, which also includes some useful advice for betting online.
You only have to look at the major casino resorts that have been around for years to know that. Again, though, the option to play these games online from the comfort of one's own home has given their popularity a major boost. When choosing which online casinos to play at, there are several factors to consider. The value of the bonuses on offer is one particularly significant factor, as is the selection of games available. The quality of the software and the size of the jackpots are important too. It is these factors, and more, that we take into account when recommending the best places to play. Check out our advice for using real money online casinos to find out more. Real Money Online Casinos Playing Poker There is no question at all that the internet has helped poker, and Texas Hold'em in particular, experience a popularity boom. When an unknown player by the name of Chris Moneymaker won the World Series of Poker in 2003 having qualified online, there was a mass increase in people playing over the web.
All of them no doubt hoping to emulate Moneymaker. Online poker has suffered something of a slump in more recent years, for various reasons, but it's still going strong with a huge number of players around the world. Poker sites have generally got better and better, and the software they use now is unrecognizable compared to the early sites. Our guide to real money online poker includes recommendations for the best places to play, and lots of other advice as well. Playing Skill Games Playing skill games for real money is another popular gambling activity. Unlike the activities just mentioned, however, this form of gambling has not yet fully taken off online. You can read more information on this gambling activity on the following page. We explain the main differences between games of skill and chance, and look at the various different types of skill game.
There also some details on the leading sites that offer such games. Real Money Skill Games Best Games For Real Money Gambling One of the advantages of online gambling is that there is a truly amazing selection of different games that you can play for real money.
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However, there are also certain sites that are particularly good for specific types of gambling. We therefore recommend the top sites in several different categories, including the best for betting on sports. You can find these recommendations on our page dedicated to real money sports betting, which also includes some useful advice for betting online. You only have to look at the major casino resorts that have been around for years to know that. Again, though, the option to play these games online from the comfort of one's own home has given their popularity a major boost. When choosing which online casinos to play at, there are several factors to consider. The value of the bonuses on offer is one particularly significant factor, as is the selection of games available.
The quality of the software and the size of the jackpots are important too. It is these factors, and more, that we take into account when recommending the best places to play. Check out our advice for using real money online casinos to find out more. Real Money Online Casinos Playing Poker There is no question at all that the internet has helped poker, and Texas Hold'em in particular, experience a popularity boom. When an unknown player by the name of Chris Moneymaker won the World Series of Poker in 2003 having qualified online, there was a mass increase in people playing over the web. All of them no doubt hoping to emulate Moneymaker. Online poker has suffered something of a slump in more recent years, for various reasons, but it's still going strong with a huge number of players around the world.
Poker sites have generally got better and better, and the software they use now is unrecognizable compared to the early sites. Our guide to real money online poker includes recommendations for the best places to play, and lots of other advice as well. Playing Skill Games Playing skill games for real money is another popular gambling activity. Unlike the activities just mentioned, however, this form of gambling has not yet fully taken off online. The government accused these offshore operators of defrauding banks which were prohibited from processing online gambling payments and hiding transactions worth billions. On what became known as the Black Friday of online gambling, the companies settled the suit without admitting guilt. The U. Fifth Circuit Court of Appeals has weighed in on the Wire Act, ruling that the transmission of wagers applies only to sports betting and not other types of online gambling.
The Supreme Court has not made a ruling or interpretation of the Federal Wire Act as it pertains to online gambling. Then they had a change of heart. In December 2011 they released a memo saying that the Wire Act only applied to sports betting which is how most of the world interpreted it to begin with. This was a huge turning point. From that point forward it was and still is, up to each state to determine what their laws are for online gambling. Nevada launched their first legal website in May 2013. Delaware launched theirs in October and New Jersey launched 6 of their own the following November. And more are expected to pass legislation and launch sites within the next couple of years. Right now experts think California, Illinois, Pennsylvania, New York and Colorado will pass some type of law in the next 12-18 months. As for everyone else?
Well, the laws vary from state to state. That said — you can still get away with playing online, as only a handful of states have laws against online gambling, let alone actively go after people breaking the law. Savvy, wealthy individuals and corporations are willing to risk it all for a chance in this new, unchartered territory, and with the promise of billions on the line, they are ready to go full swing into an internet gambling war. Although still largely banned nationwide the opportunity for additional revenue is influencing casinos and state governments to take their fight to Congress. Three states began licensing online gambling last year, and Congress is facing increasing pressure to either bar or regulate the growing industry.
Interest groups on both sides have bombarded political representatives utilizing the power of the PAC funds to sway the online gambling decision. In March 2015, Sen. Lindsey Graham and Rep. Many of the entry-level bonuses come with significant strings attached, usually in the form of rollovers. Rollovers are a requirement for the amount of money you must wager before being allowed to withdraw money. The higher the rollover, the more unlikely you are to win enough to meet the requirement before losing your bankroll. This is one of the many factors we consider when selecting the best online gambling sites recommended above. Do online gambling sites use real money? You have to bet real money to win real money! Are the gambling sites that you recommend licensed and regulated? They are! We do our best to make sure all of our recommended sites maintain their licenses. The payout percentage is the number of winnings a game or machine is programmed to return based on a percentage of the amount wagered.
The higher the payout percentage, the more favorable the odds are for the player. Why do online gambling sites require personal information when signing up? Depending on the jurisdiction, gamers must be either 18 or 21 years old to bet. There are several! Convenience — you can play any game or place any bet from anywhere Better odds — without all the overhead and upkeep that comes with running a building, online gambling sites can offer better odds and still make money Variety — online casinos can offer more types of slots and table games than even the most massive brick-and-mortar spot could ever dream of having the floor space for How can I tell that a gambling site is a scam? They change their terms and conditions They have negative customer reviews complaining about slow payouts or unfair treatment They make up rules to avoid paying out customers.
For example, accusing players of being professional gamblers or cheating You find them on industry blacklists Do I have to download any software?
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Author: Mark Notman
Linkedin: Mark Notman
East Lansing, Michigan