Online gambling is any type of gambling conducted via the internet. This includes casinos, live casinos and virtual poker. This was the first internet gambling venue open to the public, which was ticketing for the infamous Liechtenstein International Poker tournament in October 1994. Since then there have been numerous successful online gambling ventures, with some reaching phenomenal popularity.
The first thing to understand when it comes to casino gambling is that there are two main types: Internet Casinos and Internet Gambling. Internet Casinos are not owned by a geographical location. Instead, they are owned by an individual or company based in a different jurisdiction. Casino gambling on the internet is conducted entirely in virtual space, with no interaction between the players and the real casinos themselves. Internet casinos are usually hosted in countries that are popular for their casinos; these are countries like Macau, Panama and Las Vegas.
The second type of online gambling is the gaming industry itself. Online gaming refers to both online betting and online gambling. This act is usually combined with another form of entertainment like sports betting or online slot machines. Betting in online gambling refers to the act of choosing a number, or combination of numbers that will come up when the ball rolls over a random machine.
As previously stated, online gambling refers to both gambling and gaming. There is a huge difference between the two, though. For example, online betting on sporting events refers to the same act as conventional gambling, except that the bettor doesn’t have to actually be at the stadium or event to place the bet. Online gambling on a sports event, on the other hand, refers to the act of placing a bet in the general direction of the winner of that event. Sports betting is considered one of the most lucrative forms of online gambling, and is used by millions of Americans to turn a profit.
The last type of online gambling we’re going to talk about here is Internet gaming. Although technically not gambling, online casinos fall under the heading of online gambling. As the name implies, online casinos are hosted on gambling websites, where you can play a large variety of casino games including online poker, bingo, blackjack and much more. While you may not be able to wager real money on any of these games, you can certainly play for fun online casinos, or even for money!
So why should we legalize internet gambling? Well, just like smoking and drinking, the act of gambling has been illegal in our country for far too long. The problem is that unlike cigarettes and alcohol, online gambling does not produce the same health or financial consequences. However, if legalized, it would surely create a huge opportunity for a healthier economy and a healthier society overall.