Ira Rubin Pleaded Guilty

On 02.13.12, In Uncategorized, By Vivi

Ira Rubin Pleaded guilty last month to several counts related to breaking US gambling laws while deceiving several US banks. Rubin, who has been living in Costa Rica for the past several years due to telemarketing fraud charges, assisted the three major sites involved in the indictment last April 15th. Rubin pleaded guilty to one count of breaking US laws against internet gambling and one count each of conspiracy to commit bank and wire fraud, and also participating in a money laundering conspiracy.

The three sites involved were Absolute Poker, PokerStars and Fully Tilt Poker. Along with Rubin, Brent Beckley, co-owner of Absolute Poker also pleaded guilty to similar charges late last year.

According to this article: http://blogs.wsj.com/corruption-currents/2012/01/17/man-pleads-guilty-in-us-internet-gambling-crackdown/ Rubin helped the sites transfers tens of millions of dollars in illegal gambling wagers. Currently the US Government does not regulate online gambling. That fateful April day that left visitors an all black screen informing them that the domain had been seized by the Government was a disturbing realization that the online gambling industry needs a little bit of Government regulation. In fact, the online gambling industry may be the only industry vying for the Government to get involved.

It’s no surprise that the “cash-strapped” economy couldn’t use the 40 billion dollars in tax revenue that could be generated in just ten short years on just poker. If the whole industry were to be taxed it could make a significant dent in the US debt. The only question not if, but when?

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Online Blackjack in Australia

On 01.23.12, In Online Blackjack, By Vivi

The gambling laws in Australia have been under speculation for quite some times now. It is not illegal to gambling online, although many argue that this may need to be rectified due to increased gambling habits. This article that I read at: http://www.abc.net.au/am/content/2012/s3410110.htm disects the online ganbling issues in Australia.

In a recent survey administered by Southern Cross University’s Centre for Gambling Education and Research they have found that out of 6,500 online gamblers, half started playing in the past six years. A lead researcher in the study, Sally Gainsbury, says that Australians are taking up online gambling much faster than any other form of gambling. Australians are spending around $600 million on gambling annually.

Because internet gambling is so easily accessible it has been targeted as the cause for increased gambling, as well as increased problem gambling. In fact, half of the internet problem gamblers interviewed said that their sleep is being disrupted, one third reported disrupted eating.

The government has been pressured by many researchers to implement certain guidelines and regulations to keep online gambling under control. One idea that has been thrown out there is the usage of pop-up messages that alert the gambler. So when you are playing at an online blackjack site or onlinebingoformoney.com, a message will pop up that will tell you how long you have been playing, and how much you have spent.

Although online gambling makes it easier for a gambler to place bets, and possibly goes overboard, it is also easier to track this play and analyse it. Tracking gambling, and monitoring it at a brick and mortar casino, is virtually impossible.

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Trump Casino To Go Virtual

On 11.28.11, In Uncategorized, By Vivi

The latest news in online gambling is that many top casinos in the US are finally pushing for online gambling to be regulated. In the past these casinos have seen online casinos as a threat, but now they are devising plans to get their cut of the business.

For the past several years Atlantic City has continually seen a decrease in revenue. Trump Casino’s Donald Trump has decided it is time to do something about the decrease in casino gamblers by hopefully making an increase in online casino gamblers.

In an article I read on: http://www.Bing.com/news Trump talks about his partnership in an online casino venture. He is planning on expanding the Trump Brand to online gambling where he feels that the US is missing out on a lot of revenue that is being spent overseas through wagers.

Trump has “determined that such a joint venture represents the most advantageous for the company to participate in opportunities in online gaming at minimal cost to the company.”

The problem is many legislators are not seeing this issue from the point of view Trump inhabits. Governors such as New Jersey’s Chris Christie feel that putting a government “Stamp of approval” on online wagering will eventually lead to the demoralization of society as we know it.

There are many advocates for regulating online gambling. It may even be the only industry out there that is actually vying for government interference. So what is the problem? Officials don’t feel any real urge to make a decision. They are busy dealing with the economy, healthcare and unemployment to vote on the two bills trying to be passed through legislation.

So for right now the only thing to do is wait.

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A Petition for Online Gambling Regulation

On 11.14.11, In Uncategorized, By Vivi

There is so much controversy surrounding online gambling these days, and so many supporters looking for a change. Americans want to make sure they get that change. What they are asking for is very specific and seems to be quite reasonable: “A strictly regulated, safe industry here in the United States. Parents must be assured their children cannot gamble online. American consumers must be protected.”

There is a petition, produced by the people, circulating to get our rights heard. Existing laws on online gambling are simply not working. Maybe because there are no actual federal laws prohibiting online gambling, just some states have their own laws. It comes down to the government not having the proper tools to shut down any gambling site that may be operating illegally. The US online gambling atmosphere has at times even been compared to the “wild west” meaning there is no regulation so there is nothing to prevent minors from gambling, along with no consumer protection.

This petition is a step in the right direction, but there is still a long way to go. It seems as if the regulation of online gambling in the US is so close, yet so far away. Many prominent casinos in the US are also trying to help out the cause. Donald Trump, of Trump Casinos is very vocal about the issue, and has already started working with affiliates and forming partnerships for when the US eventually passes the legislation through the House.

But even though everything seems to be moving in the right direction there are plenty of government officials who do not want online gambling moderated anytime soon. One such supporter is New Jersey Governor Chris Christie. He personally feels that by putting a “government stamp of approval” on online wagering, it will lead to gambling parlors popping up everywhere.

So for the time being we will just have to place our bets at a euro casino online.

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When to Surrender in Blackjack

On 10.24.11, In Blackjack Strategy, Blackjack Tips, Online Blackjack, By Vivi

No one ever wants to surrender, but sometimes it is imperative when trying not to lose too much money. Surrender is possibly the most important aspect to talk about because it is the first choice you must make when playing your hand in blackjack. You must be careful though, because many blackjack games, such as one deck blackjack don’t offer the surrender option. If the blackjack game you are playing does offer surrender, it comes in two forms: either early or late.

You may only surrender after two cards, and before you have done any other action, such as splitting, doubling down, or drawing a third card.

When you surrender, you are folding at the expense of half of your bet. An early surrender is rarely offered because it allows for the player to have a quite large advantage over the house. The player can choose to surrender before the dealer checks their cards. In late surrender, the player can only surrender if the dealer does not have blackjack, after he has checked his card.

Surrender is a great tool for a player that is why it isn’t offered at a lot of casinos; if a casino does offer it, make sure you check all of the rules because there might be tricky details embedded to up the advantage of the house.

Knowing when to surrender is basic blackjack strategy, and it shouldn’t be done too often. To lose less with surrender the player must only be 25% likely to win. So, if you lose 75% of the time, and win 25% of the time, you net loss is 50% equal to the amount you are guaranteed to lose by surrendering.

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