Internet poker sites have only been around for a little over a decade, most of them are even younger than that. The industry is potentially very lucrative, representing hundreds of millions of dollars, and that’s not including slot gaming and other popular online casino gaming.
A recent story on NPR about the future of tribal gaming’s involvement with online poker is further evidence that American online poker regulation may move fastest if handled through tribal gaming advocacy groups. Playing web-based poker in America is not impossible, though many states have strict laws against Internet gaming and many poker rooms now prevent registration from American customers.
Just how much impact does an individual donor’s opinion have on a presidential campaign. And does that influence continue into an actual presidency? A big donation from a gambling insider known for being against online gaming has online poker in the limelight during the GOP presidential race.
According to Iowa’s Quad City Times, state legislators in Des Moines are discussing changes to state law to regulate online poker within the state’s borders. This news has been a long time coming. Why Iowa? The reasons why Iowa is set to be one of the first states to consider regulating and controlling online poker within state lines are complex.
The word “arbitrage” is most often used in investing situations to refer to a profit made from mis-pricing or the difference between two quotes. Arbitrage betting is placing two or more bets simultaneously at different sportsbooks when the bookmakers’ prices are different enough that all outcomes are covered. In other words, no matter the outcome, the bettor turns a profit. In gambling parlance, an arbitrage bet is usually just called an “arb.” Poker players who want to increase their online gaming winnings should learn about arb bets.
Unless you are an expert handicapper or the luckiest guy on Earth, the sportsbooks know they’re very likely to make money off you. People think that betting on sports is like betting on blackjack. The thought process goes like this: if I understand all the math behind a bet, if I play this bet with optimum strategy, I can expect a positive return, I can win more often than I lose. Unfortunately, even a perfect understanding of the mathematics of sports betting won’t turn you into a millionaire by placing sports bets.
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