To seek support for its move to regulate the online gambling industry, Britain is planning to host a global online gambling convention. This summit is meant for open discussions of the problems of online gambling, including underage gambling and addiction.
The meeting is called for after a moving year for the online gambling business in the UK, where three huge online casinos hit the stock market in 2005, generating billions of dollars revenue.
Anthony Write, a spokesperson for the UK's Department for Culture, Media and Sport stated last Monday that the summit is organized to discuss problem areas like protection of children, money laundering, criminal infiltration and advertising. Write adds that the UK is the first country moving towards regulating the online gambling industry, and now it needs help from other countries to develop this idea.
Online gambling is big in Britain and the largest online gambling operator is located in the UK and came to the stock market in July as the biggest float in London in over five years.
Last year, the UK introduced the Gambling Act as part of a move to modernize the 40-year-old gambling laws of their country through a new regulatory framework. Some of the aspects of the new act got criticism from opposition politicians and anti-gambling groups, which warned for the dangers of gambling addiction and crime.
The global online gambling industry is in total valued up to $12 billion a year. Online poker became the most popular game all over the world, attracting many women to play on the internet, who otherwise would have never placed a bet in brick and mortar casinos.
Other reasons for the boom in online gambling, besides poker, were the growing and improving broadband accesses and the convenience of playing at home 24/7.
The UK ministry is planning to send invitation for the convention to countries all over the world, and has already received positive feedback from South African, Australia and New Zealand.
It's not sure if the United States will participate in the summit, since online gambling is still considered an illegal activity in the US.Online Casino Gambling Play the best online casino games
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Online gambling is the ultimate leisure pursuit for gamers all over the globe – but the fun is much longer lasting and potentially fruitful if you apply a few time-tested tips. Check them out and get gambling with a pro approach…..
Everyone knows that it's a total cliché – 'only gamble with cash you can afford to lose'! However, it's 100% true – you really must never risk anything other than pure leisure cash. For example, most people go to restaurants, the movies, bowling etc, for entertainment – and that's the mindset to view online gambling with. For example, if you decide to set yourself a budget of £100 per month for gambling, then the pressure is taken away – you either win some extra cash are are delighted, or spend £100 on hours of high class entertainment. Gamble with care, but with a smile!
Gambling stakes percentage
Many gambling advocates make the mistake of betting with too large a percentage of their bank – often between 5 and 10%. For example, if your bank is £100, that would mean placing a liability of up to £10 per wager. This is great when you hit a hot gambling session, but disastrous during poor sessions (that we all experience from time to time). The solution is to gamble with conservative stakes, such as 2% of your bank – you'll be glad you did in the long run!
While it's a great idea to gamble fundamentally for fun, every really wants to win – and why not! In an ideal world, you'd be able to learn from master gamblers about all the skills needed to beat the casinos. Unfortunately, few gamblers have the time or resources! However, this means that online gambling strategies are very popular, because they aim to enhance the chances of casual and intermediate gamblers, without learning any genuine casino skill. For example, the martingale is the most famous casino gambling system, using progressive stakes win even money bets (like Red/Black in roulette). Be warned – while there is nothing wrong with trying gambling strategies for yourself, and many can produce amazingly successful sessions, they can and will go wrong at some point. It's vital to ensure you ride through these sessions with a smile on your face, and quit when you reach your limit! This is the ultimate way to succeeding with gambling systems!
Most casual gamers desire several common factors in particular – long sessions, regular payouts – and ultimately, the jackpot! The key to hitting the first two desires is to play with the staking and budgeting steps above, while preferably splitting your gambling into several weekly sessions. Although there is no real way to ever guarantee a jackpot win, by extending your gaming time, you'll probably increase your chances of gaming at the right magical moment.
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