Two Nevada Congressional Representatives are going to propose that online gambling can be regulated by the U. S. government, and instead of outlawing online gambling, the U. S. should be embracing it. Shelley Berkley and Jon Porter are slyly not asking for outright endorsing internet gambling, not yet, but only that Congress initiate an 18-month study of online gaming to figure out how it could be regulated by the U. S. The study would be conducted by the National Research Council, a relatively independent agency.
The proposal avoids making anyone look bad for the passing of Unlawful Internet Gambling Enforcement Act last year. The Act essentially makes it illegal for companies to transfer money on the behalf of an American individual for the purposes of internet gambling 먹튀검증. The study is at its core, a call to repeal the (UIGEA).
The proposal also cleverly avoids asking the obvious question: what is wrong with internet gambling anyway? What makes internet gambling all that much worse than vacationing in Vegas and spending three straight days at the craps table?
You could argue that internet gambling has even less controls in place to manage the behavior of gamblers who can’t manage themselves. There is no “eye in the sky” looking over your shoulder while you play, and the instantaneity of the internet makes money transfers, from bank accounts and credit lines alike, way too easily accessible. In the casino, at least, it requires a walk to the ATM, or it requires that you already established a credit line with the casino before you ran out of money. There is even the walk of shame when you take a cash advance over your ATM withdrawal limit at a 240% interest rate. In order to get the money, you have to walk up to the casino cage and leave a thumb print on the paperwork. It’s all very humiliating when coupled with the heated stares of the casino employees who know you have overspent your discretionary budget.
A argument for social betterment is nice, but no matter how often it comes up, looking out for the interests of society is rarely a motivator for anything the federal government does. More often, the motivation is money, which makes the study proposal all the more insightful by eventually given internet gaming opponents a financial justification for withdrawing their support for the UIGEA. If internet gambling can be regulated, then the U. S. government gets a piece of the financial pie, and the gains will far outshine any potential downside to problem gamblers who are feeding their addiction online. How does an online casino ensure that the results each player receives when playing its online casino games are unique? How are payouts for each game structured? And who ensures that internet gambling sites maintain honest and reputable business practices? These questions and more are answered in the following article.
Online casino software developers are huge companies that generate millions of dollars each year. Their main task is to support the online gambling industry by developing new casino games. These games are designed to yield unique results with every turn of the roulette wheel or with every hand of blackjack and poker played. A random number generator (RNG) is embedded in the software that powers gambling games to ensure that a different result occurs every time. This makes it impossible to predict which numbers the roulette wheel will stop at or which cards are going to be dealt to you in a game of poker.
Most of today’s top casinos are regularly subjected to review and are audited by third parties. eCOGRA is the industry’s top watchdog organization and employs the services of PriceWaterhouse Coopers (PWC) to conduct third party audits of its member casinos. Usually the audits target two areas of the internet casino’s business: payout rates and the random number generator used in its casino game software.
You can easily find out what the payout rates are at online casinos. Usually the rate is represented as a percentage and is calculated on the incoming bets received by the casino and on those amounts the casino pays out in the form of winnings. The higher the payout rates are on specific games, the greater your chances are of winning them. Payout rates are an important factor to consider when you’re looking at choosing a casino online. Simply put, a higher payout rate indicates that your casino pays out more frequently than other gambling online sites.
Payout rates not only vary from casino to casino, they also vary from game to game. Some gambling games have higher payout rates than others. For example, a casino may offer high rates on progressive slot games but lower than average rates on blackjack or baccarat games. This is why many players tend to play at casinos that offer higher rates on their favorite games rather than across all games as a whole.