September 2008 Archive

Payment Option of Internet Gambling

September 6th, 2008

We know for a fact that gambling is risky business, and unrestrained gambling is just asking for trouble. Compulsive gamblers already have a hard time restraining themselves from the call of casinos and bookies, and now Internet gambling just takes the ante a step further.  Internet gambling makes payment options for gambling individuals easy. They can just choose from several types of payment options other than credit cards. These include:

VISA and MasterCard cards: These cards are tied directly to the cardholder’s bank account. Funds for all transactions are deducted directly from the cardholder’s bank account, but cardholders can make credit card-type transactions that do not require a personal identification number.

Private-label debit cards: These cards are similar to check cards above but are issued by private companies rather than credit card associations.

On-line payment providers: These companies send and receive funds electronically for such uses as on-line auctions and purchases.

Wire transfers: Some Internet gambling sites promote this method of payment, which allows Internet gambling customers to wire money directly from a bank account to the site.

“E-cash” or digital cash: It is a digital representation of real money that can be placed on a computer hard drive, smart card and other devices with memory. It can be purchased from an authorized provider.

Internet gambling sites also offer money orders; traveler’s checks; bank drafts; cashier’s, certified, and personal checks; and a number of other electronic banking systems or processors as payment options. With Internet gambling’s easy payment options, even a non-gambler would be tempted to try.

Statistics also show that Internet gambling has nearly doubled every year since 1997 – in 2001 it exceeded $2 billion. It also boasts 110 sport-related Internet gambling sites.

Offshore Gambling

September 5th, 2008

Offshore 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.

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.

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.

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