Global Sports: Dealing With Some Common Myths Of Online Gambling

Thursday, November 18, 2010

Dealing With Some Common Myths Of Online Gambling

By Jorge Andresoon


Although gambling is one of the most ancient past times, people have reservations about it. Though the introduction of online gambling has brought about many changes, like maintain peoples privacy, it still has not solved all the problems. Online gambling, being appealing to many for its convenience, let us try to dispel some of these myths lurking in the dark to enable you enjoy the game more.

People shy away from online gambling because of the fear that it might be involved in money laundering and so no one wants to be connected to a crime. Well, rest easy and enjoy your game knowing that those who gamble in race tracks and land based casinos, are mare exposed to money laundering than you.

Another one of these myths is that one gets hooked more quickly and fast due to its convenience. Well, there is no scientific proof on the topic to prove the angle on addiction. Bear in mind that online version provides a higher level of monitoring to curb the addiction problem than the live version.

There is also a myth that the main providers of online gambling are offshore criminal companies. Although there might be a few, the rest are legal companies which are even traded don stock exchanges around the world. There is also a belief that this form of gambling encourages underage gambling. However, most of the online casinos require credit cards to register. This eliminates the bulk of underage gamblers.

Most people are afraid that online gambling tends to lean heavily on the consumers. It would be best to know that there are bodies regulating the game in different countries that are there to ensure that all consumers are treated fairly.

There is also a belief in the US, that it is illegal to place bets online. Well, there are those states that criminalize the deed, but there are others where there are no repercussions whatsoever on placing ones bet online. Some also claim that in the US there are no regulations. But having been already done in other countries, it would be possible for it to be done in the US.

Lastly, people claim that it is kind of hard to know if an online casino is legit. This is where; bodies such as IGC come in. They give symbols to mark casinos that meet the required industry standards as well as cater for links on most reputable casinos. Another easy way knowing a legitimate casino is by using Google.




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