betting offshore

 
 
  • Cybergambling returns -- and this time it's legal

    Cybergambling returns — and this time it’s legal

    Freddie Gregory

    Freddie Gregory

    For recreational bettors who want to place bet with a single bookie. It is suggested that they should select sport book after comparison of different sport books and that sport book should be selected that is offering lowest margins as compare to others these books are mostly located near to the top of odds comparison.
    Freddie Gregory

    Latest posts by Freddie Gregory (see all)

    But new laws across the nation are rolling the rules back — and lawmakers think they’re holding a royal flush.

    Mega-entrepreneur Richard Branson’s Virgin Group is the latest entry in online gambling, teaming with the Tropicana Resort in Atlantic City and online game maker Gamesys to bring online poker, blackjack and slots to New Jersey this week. U.K. will generate – in addition to tax revenue from the proceeds at casinos – approximately 22,000 new online gambling-related jobs, Freeman testified.

    Prohibition failed – again

    Last month, the president and CEO of the American Gaming Association testified before Congress and urged legislators to repeal their 7-year-old ban on Internet gambling.

    “In sports gambling, it’s about the bet,” DeGaris said. “That’s where I see the huge potential in online gambling, and I reckon the U.S.

    “Those from other states can play, but they cannot wager,” Fenton said. Not just poker.”

    What happens online, stays online

    Six other firms, including popular companies like WSOP.com and Ultimate Poker and other casinos like Caesars and the Golden Nugget, participated in the “soft play” launch of online gambling in New Jersey in November, the state’s Department of Gaming Enforcement Director Dave Rebuck said during a recent conference call.

    “Last year, before a single state authorized legal online gaming, Americans spent nearly $3 billion on illegal, unregulated offshore gaming sites. “The federal government has tried the prohibition approach – specifically the Unlawful Internet Gambling Enforcement Act of 2006 and the Wire Act – and through multiple Justice Department crackdowns on offshore operators as well.”

    Not everyone agrees with the odds. “The technology is rolling out this week.”

    “It’ll be interesting to see how this plays out,” said Laurence DeGaris, associate professor of marketing at the University of Indianapolis and an expert in Internet culture.

    To prevent unauthorized access, Virgin Casino physically locates gamers’ cellphones periodically. They play against the house at Virgin Casino, and they can finance their wagers with debit cards, credit cards, or in person.

    Legalizing gambling across the U.S. market could be worth as much as $9 billion in the coming years as other states, including California, legalize online wagering.

    “Slots and roulette are very visceral games, lots of bells and whistles. “Blackjack, slots. H2 said the industry was worth $33 billion in 2013, with $4.5 billion coming from mobile gambling on iPads, iPhones and smartphones.

    . That doesn’t translate online,” DeGaris told FoxNews.com. To put that into further context, Americans accounted for nearly 10 percent of the entire $33 billion worldwide online gaming market,” Freeman said.

    And New Jersey isn’t alone; eight other states have bills in the works that will allow Internet gambling as well. — notably sports betting.

    - Geoff Freeman, president and CEO of the American Gaming Association

    Globally, the business is even more lucrative. Nevada and Delaware also began offering some online gambling last year, but New Jersey is the first state to “fully” legalize it, said Lee Fenton, the chief operating officer of Gamesys.

    But analysts are mostly rolling with Christie and the casinos. If your phone is off, or if you’re too near state borders, you may not be allowed to play.

    “There will be many games to play online in New Jersey,” Fenton told FoxNews.com. Chris Christie validated the vice in the waning weeks of 2013, saying he hoped to rake in $1 billion in casino revenues this year, of which the state will collect a 17 percent tax.

    Many Americans simply ignored the ban, he noted, as the country did during Prohibition in the ’20s.

    ‘Last year, before a single state authorized legal online gaming, Americans spent nearly $3 billion.’

    Players must be at least 21 years old, and either reside in New Jersey or be in the state when they place their bets. market research firm H2 Gambling Capital, which focuses on the gaming industry, predicted about $300 million for New Jersey’s online casinos — or about $45 million in tax revenue, according to the New York Times. Others predict the overall U.S. “Blackjack and poker have a very human element that’s lost online. In online casino gambling, it’s about the game more than the bet.”

    Congress banned online gambling in 2006. Virgin could be holding a full house, but it could also fail before the flop.

    Freeman said the Department of Justice has relaxed its views toward online gambling since 2011, and this could open up even more opportunities in the U.S. “If we are unable to determine that you are in New Jersey, you will be unable to play on Virgin Casino,” the site notes. Gov. will catch up to the rest of the world and allow it at some point.”

    “Prohibition simply does not work,” Geoff Freeman told a House panel on Dec. 10 Learn More

     
  • Biography of George Soros

    Biography of George Soros

    Freddie Gregory

    Freddie Gregory

    For recreational bettors who want to place bet with a single bookie. It is suggested that they should select sport book after comparison of different sport books and that sport book should be selected that is offering lowest margins as compare to others these books are mostly located near to the top of odds comparison.
    Freddie Gregory

    Latest posts by Freddie Gregory (see all)

    Speaking about his humanitarian works, Soros once said, “I’m not doing my philanthropic work, out of any kind of guilt, or any need to create good public relations. Soros graduated from the prestigious London School of Economics, in 1952, and obtained an entry-level position with an investment bank namely Singer and Friedlander.

    “Markets are designed to allow individuals to look after their private needs and to pursue profit. In 1956, he moved to United States, and started working as a financial analyst. The firm made a spectacular achievement by giving more than a 4000% return within the next ten years.

    Childhood and Early Life

    George Soros was born on August 12, 1930, in Budapest, Hungary. In 1969, he founded his first offshore hedge fund, which grew immensely through speculation. In August 2006, he wrote an article titled A Self-Defeating War, in the Wall Street Journal. OSI is a private operating and grant making foundation which aims to promote human rights and social reforms. In 1992, Soros earned himself a profit of whopping $1 billion and the title, the man who broke the Bank of England, betting against the Bank of England with $10 billion worth of pounds. He was thirteen, when Hitler’s Wehrmacht seized Hungary and began deporting the country’s Jews to extermination camps. It’s really a great invention and I wouldn’t under-estimate the value of that, but they’re not designed to take care of social needs.”

    These were the famous words of George Soros, who has made his mark as an enormously successful speculator. As a global financier and philanthropist, George Soros is popularly known for his unmatchable skills related to the field finance and currency speculation. The philanthropic works by him are done through an entity called Open Society Institute (OSI), which was created by him in 1993. I’m doing it because I can afford to do it, and I believe in it.” . One of his most notable humanitarian works is, the generous donations he made in order to eradicate extreme poverty from Africa. He is the chairman of ‘Soros Fund Management’ and the ‘Open Society Institute’, a stock investor, American currency speculator and political activist.

    In recent years, Soros has been a vocal critic of America’s military endeavors and foreign policies. In 1970, he co-founded the famous Quantum Fund with the help of Jim Rogers. Soros survived the Nazi invasion of Hungary from March 1944 to 1945, and in 1947, he emigrated to England and supported himself by working as a railroad porter and a restaurant waiter. He is a former member of the Board of Directors of the Council on Foreign Relations.

    Popularity

    While studying in London, Soros became acquainted with the work of a philosopher, Karl Popper, which had a great influence on Soros’ intellectual development. The article was in context of the American foreign policies which were applied on several fronts like Iraq, Gaza, Lebanon, Afghanistan and Somalia, and killing of thousands of innocent civilians.

    Social Work

    Since the 1970s, George Soros has shown active involvement in philanthropy and social work Learn More

     
  • Why Punters are betting offshore. Because they have no other choice.

    Why Punters are betting offshore. Because they have no other choice.

    Freddie Gregory

    Freddie Gregory

    For recreational bettors who want to place bet with a single bookie. It is suggested that they should select sport book after comparison of different sport books and that sport book should be selected that is offering lowest margins as compare to others these books are mostly located near to the top of odds comparison.
    Freddie Gregory

    Latest posts by Freddie Gregory (see all)

    Do we want to send our money overseas? Off course not

    Do we like having to risk never being paid? Umm No

    If we could place our bets in Australia would we? HELL YES

    This happens every single day on every single bet most people try and place. It is infact the bookmakers that form the AWC that have forced punters hands and the only way they can now bet is to go offshore.

    In total I could get $389 to win $163 across all Australian Wagering Council Bookmakers. While betting with some offshore bookmakers is risky, they will at least take a bet from customers. They need to make sure everyone is given a fair go and can bet whatever they like on all sports and that these corporate bookmakers pay a fair tax on their profits. All thanks to the members of the Australian Wagering Council.

    unibet

    Time to crack the whip on illegal offshore operators

    The proliferation of illegal offshore operators again highlights the need for government reform of the Interactive Gambling Act 2001 (Cth), which no longer reflects the current state of technology or advances in global harm

    minimization measures.

    This morning I read the following statement from the so called Australian Wagering Council (which is solely made up of Bristish Bookmakers) which really made me angry.

    The Australian Wagering Council has warned more Australians face losing their money and risks to the security of their personal and financial information, unless governments commit to a crackdown on the operations of illegal offshore wagering service providers.

    Maybe off to Unibet then

    What a load of utter f&cken bulls#t. The Australian Wagering Council is dead right when it said “the need for government reform of the Interactive Gambling Act 2001 (Cth), which no longer reflects the current state of technology”. This NRL game is a huge game and yet they limit or ban me completely. These UK giants made a big mistake when they thought they could treat the Australian public the same way they treated the UK public for years.

    I went to Sportsbet first

    “If you enjoy a bet on racing and sport make sure you do it with an Australian licensed, highly regulated wagering service provider”, Mr Downy concluded.

    It is estimated in excess of $1Billion is bet offshore by Australians annually and a 2014 report on interactive gambling, funded by Gambling Research Australia, found that at least one-third of interactive gamblers were not concerned about gambling with offshore providers.

    I wanted to place $500 on South Sydney to win tonight’s big NRL finals game against Manly. The prices on the Australian bookies varied between 1.4 and 1.45. The government needs to act immediately to stop these bookmakers from making Australian punters risk their money overseas. I could get better offshore, but lets say i really wanted to support local australian business (cough, hack, wheeze).

    sportsbetI’m not even allowed to bet 1 cent with them on the game.

    Now sadly I am off to send money I really don’t want to overseas bookies. My only choice is to bet offshore.

    You can read the entire thing here, but I’ll paste the gist of it.

    What about Ladbrokes group (Ladbrokes, Bookmaker and Betstar)

    They let me bet $200.

    betstarHmm, a mighty $113

    Off to Tom Waterhouse (sportingbet and Centrebet)

    tommaxI could bet a max of $76 here. Learn More