If you gamble online you probably have a gambling addiction. That is what the latest studies say. The American Psychological Association (APA) found that 74% of people who gamble online are “problematic” or “pathological” gamblers. This is just fuel for the fire of those who want to ban Internet gambling. The problem is how to stop gambling online. Most casinos are based off-shore and in countries with no Internet regulations. The government is looking at solutions for the problem.
Over 200 ministers from around the USA have banded together to protest gambling. The pastors, priests, educators, and ministry leaders sent an open letter to the President and Congress, pleading of help. The letter described legalized gambling as a “moral and cultural cancer” and a “rapidly growing menace,” and urged Bush and the nation’s lawmakers to address the devastating effects of this “blight on [the] nation’s cultural landscape.” The letter can be read in Roll Call Magazine.
Gambling addiction is nothing new, but disturbing trends show that more and more teenagers are gambling on and offline. Studies show that over 70% of American youth between 13 and 17 has gambled at some point in their lives. With easy access to parents credit cards and the fact that online gambling is virtually unregulated makes you wonder how much of the $3.5 Billion dollars gambled online in 2002 was done so by teenagers. Studies show that teenagers who gamble are more likely to smoke, drink and do drugs.
Since roulette was born there have been gamblers studying the numbers and trying to find a mathematical edge. Those gamblers have always come up with a theory but never been able to put it in practice because there is not math when it comes to roulette. It is purely a game of luck and knowing when to quit. The latter is probably the best piece of advice for any roulette gambler. At any point you find yourself up by any decent amount, walk away since your luck will run out and you will lose your winnings.
As long as gambling odds have been around there have been punters who study them. Over the course of history there have been a countless number of gamblers that have found themselves with an edge over the house by figuring out a fool proof system. In the 90s a pair of golf gamblers figured out that the odds on a hole in one was a sure fire bet to win big if you could stake the needed cash. Next British horse racing fans found a system to beat the odds of many bookies also. There is always an edge to be found if you keep your eyes open.
Traditional casinos thrive because they are full of distractions hat keep you playing and not paying attention to your losses. There is free flowing alcohol to dumb down your senses. The oxygen blowing in the air keeps you fresh and the casinos are a maze of fun and cheering crowds. This all sounds like fun but they are major reasons why you lose your money. Playing online can keep you focused on winning money and in control at all times.
Intrenet users are always weary of cash transactions over the Internet especially when it comes to giving out credit card info to a online casino. In reality casino transactions are quite safe since its in the casinos best interest to protect your money. If they secure your money for you then they will surely have a greater chance of you losing that money in the casino and have trust in them to spend even more. Just make sure to chose a reputable casino, research over the web is easy and effective.
Studies in 2001 showed that the average online user was not that satisfied with their online gambling experience. Studies show that 31% of online gamblers were not that happy with their chosen casino. To make matters worse is that only 15% of casino frequenters say that online gambling is more fun than stepping foot into a real casino. Casinos are working on these issues everyday and you can frequently see “fun”updates to online casinos. The worst news for online casinos is that the average gambler only spends $10 at the casino during each session.
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One of the fastest growing industries on the Internet is gambling. Traditional casinos are taking notice that gamblers are more than happy to stay at home and gamble away their hard earned money. Some $2 Billion dollars worth was wagered online in 2001 and that number just keeps growing. The industry is so large today that even Las Vegas giants like MGM Grand and Mirage are making their way online. It is a great move for any traditional casino to start an online casino. Lower overhead and a chance to bring their online users to their brick and mortar counterparts is a temptation to big to resist.
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Some congressmen are lobbying to eradicate betting on college sports. The congressmen claim that students are betting heavily on college sports and that we are teaching our youth how to gamble their life away. Casino statistics show that the amount of gambling on sports is nothing when compared to that of betting on the tables and slot machines. While college sports rank the highest amongst sports betting at 40% of all sports action it is not students doing the betting but rather gamblers who like sports.