Online Gambling Provides a Higher Rate of Return<FIELD> Your best bet for casino gambling is to play online. Online Casinos offer better odds than Vegas, deposit matches, convenience and a wider variety of games. There is a high level of competition between these casinos due to the ease of moving between them. They compete not only with each other, but with land-based casinos. Online casinos do not have the huge overhead of land-based casinos and these savings are passed on to players.
Online casinos do not have the fees of traditional casinos. Glitzy Vegas casinos with neon lights, million-dollar lobbies and dancing fountains are great, but someone has to pay for them. Cyber casinos look like small office buildings with 10 or 12 employees. Their biggest expenses are licensing casino software and monitoring fraudulent activity.
Traditional casinos will raise table minimums and offer fewer high-paying slot machines during peak hours. There is limited competition and they have a captive audience. If the number of players seeking lower limit tables and higher paying slot machines becomes large enough, new casinos will eventually fill this need. This is the law of supply and demand. In cyberspace this luxury does not exist. The ease of opening new online casinos to fill the void makes this practice impossible.
In 2002, the United States Court of Appeals ruled that the Federal Wire Act applies only to online sports betting and not to games of chance. This legalized online casino gambling for US players. However, that does not make it legal to open an online casino in the United States. It is very difficult to collect taxes on winnings from online casinos, because they are based outside the United States. They do not report winnings to the IRS and this has been a point of contention with opponents and supporters of allowing US casinos to open online casinos.
In response to the inability to collect taxes, the US Government had many restrictions on the banking industry. These restrictions include coding online casino deposits and not allowing them from 13 states. States that do not allow credit card deposits to online casinos are Michigan, Illinois, Louisiana, Oregon, Washington, Wisconsin, Indiana, Nevada, South Dakota, New Jersey, and New York. Banks and players quickly discovered that anonymous prepaid debit cards were the way to go.
Online casinos offer deposit match bonuses. This bonus is largest on the initial deposit. Many online casinos will double your initial deposit up to around $1,000. Some will continue to double, or at least match a percentage, of your first few deposits. This is done in the hope that once players have set up their accounts, it will be easier to continue playing at the same casino. Since there are only a few proven software packages, most online casinos are very similar. People who have set up their own software are generally not safe. Match bonuses increase your odds and extend the amount of time you will spend playing for the same amount of money. Overall, the higher payout percentages, match bonuses, and convenience of not having to travel make online gambling and betting better than traveling to a casino.
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