PODCAST: 2019 NFL Gambling Round Table

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3 Facts about Gambling Online for Beginners

There are so many things you need to learn about gambling online. You may spend a lot of time looking for information relating to Bitcasino and all other types of casinos online. But basic information from a team of experts will help you to get started. Gambling is addictive. You may make or lose money in the process. But knowing a few facts about gambling can help you mitigate the risks involved. Some important information about gambling may also help you to make the right decisions. Remember you also need to be careful on the gambling sites and opt to visit genuine and secure sites. With a few tips, you can easily identify such sites online.

Here are 3 facts about gambling online for beginners:

  1. Betting systems

You should not follow betting systems blindly. Most games have an independent event and mostly, it all depends on luck and skills gained over the years. As a beginner, it is important to start small. You should only bet an amount of money that you can afford to lose. With time, you can take higher risks. But relying on past events or betting systems to make money through gambling may not work for you. Raising or lowering your stakes in gambling due to certain situations should not be your guiding principle in gambling. With time, you will learn more about what works and what doesn’t. Learn patiently instead of relying on betting systems that may not work and that may lead to huge financial losses.

  1. Gambling currencies

It is good to know the type of currency you can use in online gambling. Most people are aware of payment through dollars or any other currency. Payment in online gaming may be done through the use of credit cards. Bitcoins are becoming more popular these days. You may also gamble online using bitcoins at genuine bitcoin casino sites. To play in a bitcoin casino, you will need to get a bitcoin wallet, mint bitcoins and anonymously play online at any of the best bitcoin casinos in the world.

  1. Mitigating risks

Some people believe that online casino gambling is riskier than normal casinos. This is not true. If you identify reputable casinos online, you will enjoy and maybe win on your bets. It is important to identify genuine casinos that offer genuine gambling chances. Though in most cases, casinos have an edge in betting, some casinos play by the rules and in such cases, your chances of winning are very high. There are various casino player forums online that can help you get some tips on gambling. You may learn a few things that may help you avoid the risks involved in gambling. Through social media and networking, you can also learn additional tips on online on risk mitigation.

What Does the Post-PASPA Gambling Landscape Hold for the United States?

In May of 2018, the US Supreme Court overturned the earlier PASPA ruling that had effectively outlawed any form of sports betting in the country. While there had been some notable exceptions, mostly in illegal form, it was clear that the United States was entering a new era,

As we head towards the end of the year, it’s a good opportunity to reflect on the decision and to assess the pros and cons of legal sports gambling across America.

Early Adopters

It’s fair to say that the PASPA ruling has led to a trickle of developments as opposed to a flood. When America got the go ahead on sports betting, some of the biggest names in the industry made an early move and we saw some gambling floors built in established Las Vegas casinos.

Betting operations also moved to the racetrack and some early sports sponsorship deals were struck between operators and clubs across America. A high profile merger also took place between a well known brand and a US Daily Fantasy Sports (DFS) site so there were some early movements in the wake of the decision. To date, only a few states have adopted sports betting and the forecast for growth remains steady rather than spectacular.

A report in November 2018 claimed that in two years, the number of American states allowing sports betting would grow to 24 but is this a good move or are there concerns about the developing situation?

Building the Coffers

One of the clear benefits of introducing sports betting would be the additional revenue that each individual state stands to earn. Back in August of 2018, a report carried out by Oxford University suggested that the industry could provide a $14 billion boost to the US GDP on an annual basis and the performance of the gambling sector in other countries indicates that this is no wild claim.

Over in the UK, reports show that the gambling industry there brings in close to £14 billion annually so, in a country as vast and as populous as the United States, there must be scope to hit the $14 billion mark.

Keeping it Clean

Legalised betting will also help to bring the practise out of the underground and away from the world of criminal activities. The US has its own problems and in other countries where sports betting is outlawed, the criminals find a way to carry on regardless.

Elsewhere, the PASPA ruling has also opened the door for official sports sponsorship and some brands have been quick to adopt this. The NBA and NHL have been lining up betting partners while soccer side the Las Vegas Lights secured a high profile sponsor to bring much needed funds into the club.

The Potential Downsides

When the announcement from the US Supreme Court was made in May, there were some dissenting voices and that’s to be expected. Among the concerns was the issue of gambling addiction which can be evident in other countries while some sports governing bodies felt that legalised sports betting could usher in the spectre of match fixing.

A further concern may be brought to life as the situation develops: As individual states in the US choose to adopt sports betting, there is a school of thought suggesting that those that delay or refuse to allow the practise may see a rise in illegal activities.

There are some points to consider but on the whole, the outlook for sports betting in the United States is a positive one and it will be fascinating to see the situation develop through 2019 and beyond.