Many gamblers have come across the term “Offshore Gambling”, but are not entirely sure what it means. A casino that deals with offshore gambling is one that basically operates outside the jurisdiction of a given country or it can be an online casino that has its servers in a country where online gambling is not prohibited. In short, then, it is a casino that operates outside the country of the player.
This form of gambling provides an easy and fun way to play all the games normally found at a land-based casino, but without the hassle of making the pilgrimage to Las Vegas. Online Vegas casinos are very safe, in that personal details are not required to be sent out and the payouts and odds are just as equal and fair as in a regular Vegas–style casino. Offshore gambling makes it a win-win situation.
Online vegas casinos are regulated by three organizations. These are OSGA (The Offshore Gaming Association), The IGC (Interactive Gaming Council) and the Fidelity Trust Gaming Association (FTGA), which is a smaller IGC in effect, in that it charges lower membership fees.
OSGA and Offshore Gambling
The OSGA is an independent "watchdog" agency that monitors the Off Shore Sports Gaming Industry in an effort to provide the public an avenue to find reputable companies to wager with. It aims to protect the rights of consumers and they charge no membership fees.
The agency is a professional non-biased third party organization that gives objective opinions, based on your feedback, independent research, phone calls, tips and inside news.
For OSGA they resolved to keeping the philosophy that there are safe places for sports gambling. Because of the climate in the industry today people need to have additional information on offshore sportsbooks and online casinos from an outside source.
IGC and Offshore Gambling
The IGC, a not-for-profit organization, was founded in 1996 in the US, relocating to Vancouver, Canada, incorporating there in March 2000. The organization was established to provide a forum for interested parties to address issues and advance common interests in the global interactive gaming industry, to establish fair and responsible trade guidelines and practices that enhance consumer confidence in interactive gaming products and services, and to serve as the industry’s public policy advocate and information clearinghouse. The IGC does what it has set out to do, and more.
IGC membership has increased significantly since being founded, drawing more and more attention from noteworthy industry groups to complement existing leading industry players. We have members from the U.S., the U.K., South Africa, Israel, Canada, the Caribbean, Australia, Denmark and Sweden -- to mention a few.The IGC has built a reputation for reliability, integrity and credibility through its high standards, and appeal to legitimate businesses. Affiliation with their association ensures that you have a trusted organization fighting for the promotion and enhancement of our industry, fighting for you when you need it and most importantly - with a collective voice.
The IGC regulates offshore gambling by utilizing a special 10-point code ff Conduct and charges casinos a fee to display their logo. Unhappy customers can also report their disputes to the IGC.
FTGA
The FTGA was formed in an effort to set a standard for online gaming operations. The agency believe that by conducting business with only reputable companies, they can form an alliance of the most fair and professional offshore gaming operations worldwide. To be sure that the companies they support are reputable FTGA do comprehensive background checks on not only the company but the individuals behind the company. According to them, they form a close relationship with their members and monitor their business practices frequently.
With the boom of the internet over the last few years, everything seems to have translated into an online version and offshore gambling has been no different. There are organizations that govern the fairness of online gambling which should serve to alleviate any fears of insecurity by skeptics. It eliminates the traveling costs, but still keeps the basic essence of a Vegas casino, but only now, in your very own home.
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Showing posts with label offshore gambling. Show all posts
Showing posts with label offshore gambling. Show all posts
Friday, August 14, 2009
Friday, July 31, 2009
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...
Hey you still not convinced then visit my blog, http://www.offshoregamblingreview.com and get gambling!
Still reading are you, what are you waiting for? Remember online casinos offer 100% matching on all deposits, so go and have some fun already!
Article Source: http://EzineArticles.com/?expert=Orlando_Smith
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...
Hey you still not convinced then visit my blog, http://www.offshoregamblingreview.com and get gambling!
Still reading are you, what are you waiting for? Remember online casinos offer 100% matching on all deposits, so go and have some fun already!
Article Source: http://EzineArticles.com/?expert=Orlando_Smith
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