Online Casino Gambling Directory. The latest free offers, promotions, news, and information about online poker, casinos, bingo, sports betting, and more.
As reported in yesterday’s The Wall Street Journal, the House Financial Services Committee voted 41-22 to approve legislation that would regulate many forms of online gambling, including poker and bingo, while specifically banning betting on major US sports leagues like the MLB, NFL, NBA, and others.
Other news articles point out that the legislation also would deny licenses to any online site that has allowed, or currently does allow, US players to gamble online. Looking ahead, this would appear to effect PokerStars, FullTilt, and other online poker rooms that have continued to serve US players despite the UIGEA of 2006.
Other key elements of the legislation include player loss limits, rigorous age verification systems and frequent testing thereof, and allowing states to opt out of this legislation and ban its citizens from online gambling.
And the legislation that was passed does not cover how the industry is to be taxed — that’s covered in a separate bill that hasn’t made it out of the House Ways and Means Committee.
It is unlikely that this legislation will be voted on before the current Congressional Session expires in September. The scheduling is simply too tight. If it is not voted on, the process will need to start again next session. Perhaps it will be attached to some other legislation, as was the UIGEA of 2006. Even so, if the legislation is approved, it still would need to be signed by Obama.
We are still years away from any comprehensive online gambling policy in the United States. Need proof? The UIGEA of 2006 took nearly 4 years before it actually went into effect this past June 1 — and there are still plenty of loopholes in that legislation that allow US players to fund and withdraw money from their online gambling accounts… or so I’ve heard.
In addition to maintaining The Online Casino Gambling Directory, I also answer online gambling questions at AllExperts.com, the oldest and largest free Q&A service on the internet. I thought that I would share with you a recent question about sportsbooks, as well as my response.
Question:
What sites are good for online sports betting? Is there a catch to placing bets? I understand money line bets i think just wanna know if there was max or minumum bets?
Answer:
If you’re a casual bettor, you really need just one sportsbook account. If you’re a more serious bettor, you’ll want to have five or more accounts. The reason for this is so that you can compare lines (often called “shopping lines”) offered at the sportsbooks, and get the best odds on the bet you’d like to place. Moneyline odds, for example, can vary by as much as 15 cents (e.g. a team may be +105 at one book and +120 at another) and you’ll want to be able to take advantage of that by having accounts at different sportsbooks.
As for if there is a “catch” to placing bets, I’d say not really. The only thing you need to be aware of is when you accept a bonus on your deposit, the types of bets that you can place with the bonus money are often limited to -110 bets (or worse, e.g. -105, -100, +105, etc.), and usually no parlays or props are allowed with the bonus. Also after accepting a bonus, you must place a minimum number of wagers before you can make a withdraw. These restrictions vary by sportsbook, so you’ll want to make sure that you understand their bonus when you make a deposit.
The minimum bet varies by sportsbook as well. Most sportsbooks accept bets of as little as $5 if you place the bet online; higher minimums are required when placing a bet by phone (where phone betting is offered, which is pretty rare). Maximum bets depend on the type of wager and your relationship with the sportsbook; generally speaking, more exotic wagers have lower maximums, which may be increased as you develop a relationship with a sportsbook.
Now to the meat of your question — which are the best sportsbooks? I’ve been betting online for years, and use a 5-star rating scale to rate sportsbooks. As of this writing, there are only two sportsbooks that I rate as 5-star and that accept US players. You can find them at this link, which you may need to copy and paste into the address bar of your browser: http://www.theonlinecasinogamblingdirectory.com/s.php?as_usa=2&as_rat=5&t=Sportsbook&SRC=AEJul2010Blog
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The Poker Player’s Alliance (PPA), the leading poker grassroots advocacy group with more than one million members nationwide, seeks to raise additional funds leading up to a crucial vote this summer on legislation to license and regulate online poker. On July 1, their goal is to raise $50K.
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