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Nevada to legalize online gambling

by Lloyd Buchinski
24 replies
The point of it seems to be to bring money into the state, so maybe only gambling establishments there will be able to set up sites. Anyway here is the story.

Jackpot: Nevada expects big money after online gambling legalization ? RT USA

The first online bet in Nevada is expected to be placed in a couple of months, while such states like New Jersey and Delaware also expressing strong interest in internet gaming.
#gambling #legalize #nevada #online
  • Profile picture of the author HelpingYouBeAnExpert
    Originally Posted by Lloyd Buchinski View Post

    The point of it seems to be to bring money into the state, so maybe only gambling establishments there will be able to set up sites. Anyway here is the story.

    Jackpot: Nevada expects big money after online gambling legalization ? RT USA
    I'm shocked people don't have the freedom to gamble online
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    • Profile picture of the author Alexa Smith
      Banned
      It's quite extraordinary.

      All Betfair's US customers (of whom there are none, of course) now have to have both an address and a bank account in Canada (or elsewhere), so that Betfair isn't knowingly letting Americans gamble online and finding the FTC disconnecting them from their ".com" domain-name, as they did with all those poker sites in 2010. :rolleyes: :p
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      • Profile picture of the author Tina Golden
        How does Nevada plan to get around UIGEA, which is the federal law that prohibits US-based payment processors, banks and other financial institutions from processing gambling money?
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        • Profile picture of the author Lloyd Buchinski
          Originally Posted by Tina Golden View Post

          How does Nevada plan to get around UIGEA, which is the federal law that prohibits US-based payment processors, banks and other financial institutions from processing gambling money?
          I don't know the details, total lack of interest in politics, but maybe this quote from the article has something to do with it?

          Nevada started working towards agreements with other states after their claims to legalize internet gambling were denied by the Congress back in 2011.

          But a letter from Department of Justice, which stated that the Wire Act of 1961 - often used to crack down on wagering on the web - only applies to sports betting, allowed the state to bypass the federal ban.
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          • Profile picture of the author kindsvater
            All "gambling" is not the same. For instance, poker is a game of skill. Roulette is a game of chance.

            .
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            • Profile picture of the author MikeTucker
              Originally Posted by kindsvater View Post

              All "gambling" is not the same. For instance, poker is a game of skill. Roulette is a game of chance.

              .
              Not so sure. Sometimes poker feels like there is too much
              "chance" in it, too! Sometimes I feel like this guy is my dealer!


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              • Profile picture of the author Coby
                Originally Posted by MikeTucker View Post

                Not so sure. Sometimes poker feels like there is too much
                "chance" in it, too! Sometimes I feel like this guy is my dealer!
                If there wasn't some "chance" involved then all the bad players would eventually go broke or lose interest...

                It's the small "luck" factor that actually makes poker so profitable.

                But it does suck when you get your money in as an 80% favorite and they hit a 2 outer to win... I agree with that for sure ;-)

                Cheers,
                Coby
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                • Profile picture of the author MikeTucker
                  Originally Posted by Coby View Post

                  If there wasn't some "chance" involved then all the bad players would eventually go broke or lose interest...

                  It's the small "luck" factor that actually makes poker so profitable.

                  But it does suck when you get your money in as an 80% favorite and they hit a 2 outer to win... I agree with that for sure ;-)

                  Cheers,
                  Coby
                  Perhaps you have a point... People play chess and go every day
                  but they refuse to take bets against me. What a shame, too,
                  then I could retire from IM and just play for a living... Yep,
                  should have chosen Poker as my game, haha!
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        • Profile picture of the author Coby
          Originally Posted by HelpingYouBeAnExpert View Post

          I'm shocked people don't have the freedom to gamble online
          Originally Posted by Alexa Smith View Post

          The state of Nevada making money through gambling??? Tell me it isn't true! ...
          Originally Posted by Chris Kent View Post

          Yup.

          One can own a military-style machine gun and yet one cannot make a bet online. Ridiculous really.
          Originally Posted by Tina Golden View Post

          How does Nevada plan to get around UIGEA, which is the federal law that prohibits US-based payment processors, banks and other financial institutions from processing gambling money?
          Some folks believe the whole "black friday" ordeal (the date the FBI shut down major online poker sites to the US market) was a big conspiracy by the large land-based casinos (think Las Vegas and Atlantic City) to be able to regulate the online poker so they could get a chunk themselves....

          Of course this actually started several years before black friday back in like 2006 when a senator snuck in the UIGEA on the back of an unrelated bill...

          Don't know if it was a conspiracy or not - but I do know that as a poker player myself it hurt lots of people and their "way of life".... Many online poker pros still have thousands of dollar locked up in sites like Full Tilt Poker.

          As a sidenote: "black friday" did help to increase the number of players at "live" tournaments held at land-based casinos - since many US players had no other option when it came to playing poker for money...

          These are the same land casinos that are being issued special licenses and permits (to get around the UIGEA).

          Just a little backstory to this - for the "non poker players"

          Cheers,
          Coby
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    • Profile picture of the author HelpingYouBeAnExpert
      Originally Posted by Chris Kent View Post

      Yup.

      One can own a military-style machine gun and yet one cannot make a bet online. Ridiculous really.
      I was being sarcastic. I went to some dictatorships overseas and I know people where allowed to gamble online like poker in those "less free" countries.

      In any case I think it's not about freedom it's about finding a way to regulate it so they can make sure they get their cut for doing nothing.
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  • Profile picture of the author Warrior X
    Sign me up for the affiliate program.
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  • Profile picture of the author Stuart Walker
    Interesting. I might have to dust off some of my old software and make some money from them if they will be offering beatable bonuses.
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  • Profile picture of the author proguy7
    Go get 'em, RockingLasts!
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  • Profile picture of the author Alexa Smith
    Banned
    Originally Posted by Lloyd Buchinski View Post

    The point of it seems to be to bring money into the state
    The state of Nevada making money through gambling??? Tell me it isn't true! ...
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  • Profile picture of the author Danny Cutts
    lol I bet there will be a lot of affiliates rubbing their hands together :-)
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  • Profile picture of the author Stuart Walker
    All Betfair's US customers (of whom there are none, of course) now have to have both an address and a bank account in Canada (or elsewhere), so that Betfair isn't knowingly letting Americans gamble online and finding the FTC disconnecting them from their ".com" domain-name, as they did with all those poker sites in 2010.
    BetFair are one of the most rogue online casinos you'll ever come across. So many major incidents over the year where they've ripped off players both on poker and casino side of things that I would recommend no one plays at them. Used to be a really reliable and trustworthy casino and sports book too but now just a dodgy outfit who have no trust among online players because of their shady actions.
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  • Profile picture of the author wolfmmiii
    Keep in mind folks that whatever Nevada approves will only permit residents of the state of Nevada to play. Until the Fed passes a FEDERAL law allowing online gaming, states will implement their own state laws permitting their residents to play WITHIN THE STATE. Effective geo-ip targeting and safeguards against minors playing are really the major holdups in most states considering online gaming.

    I work for a large gaming company here in the US and we expect no federal law for at least another year or so.
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  • Profile picture of the author Chris Worner
    Oh goody, can't wait for the injection of juicy American fish into the pond.

    -Chris
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  • Profile picture of the author Kurt
    My first site was about Las Vegas and gambling back in 1996, so this is a topic I've had an interest in for quite a while.

    Harrah's was the main force fighting online gambling in an attempt to "protect" their market. However, Harrah's is now in financial trouble and I believe they are under new ownership. So the main lobby against online gambling may have had a change of opinion on the matter and I wouldn't be surprised if people like Bill Bennett, Kirk Krekorian, Steve Wynn and Sheldon Adelson don't start using some of their powerful politicial influence to get things done in their favor. Because of the economy, Las Vegas is hurting more than just about any other city in the US and I would bet that they have their eye on the Internet/World market.

    While it may be illegal for residents of other states to gamble, at least at this point in time, there may be a loophole that allows people on other countries to gamble on a Nevada gambling site.

    If Nevada does get online gambling legalized it will have a huge "trust factor" advantage by having the Nevada Gaming Commission over-see and certify all the gambling. This trust factor may be the most important issue for online sites and shouldn't be under-estimated. Not to mention the branding of the largest and most famous casinos in the World, as well as the ability to tie in "player cards" and comps with online play.

    Playing poker online has a couple of major advantages...no tipping the dealers as well as no tipping cocktail waitresses, both of which really eats into any winnings. Online games also generally play faster, important for any player with an advantage.

    Also, if you think you're a good online player, you are missing a vital aspect of poker, which is the ability to read the other players in terms of their voice, actions, expressions, etc. This is a "positive" for weaker players but a "negative" for strong players.

    IMO, the real risk with online poker is collusion. And "collusion" may not have to be between two players. One person can create two separate accounts on the same site, get two computers and two different ISPs (one cable, one DSL for example), then play in the same games at important times.

    The ability to play "best hand", see four cards instead of two, as well as use one hand to bet to camouflage another hand are advantages that would be very tough to overcome, even for skilled players.

    And finally, anyone that thinks the odds of winning at poker, or any other gambling game, is better than the odds of spending the same time doing IM probably likely can't calculate odds well enough to be a serious threat.
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  • Profile picture of the author ToniMaltano
    I am in the process of building my own online casino. Already got a license in Malta. Let's see how this will develop for me.

    Would be great to have potential customers in the States They should legalize it all over the world.

    I like to gamble myself so now when I blow all my money, at least I lost it at my own casino
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  • Profile picture of the author Stuart Walker
    And finally, anyone that thinks the odds of winning at poker, or any other gambling game, is better than the odds of spending the same time doing IM probably likely can't calculate odds well enough to be a serious threat.
    Depends on how good a poker player you are really doesn't it? A lot of poker is skill where as roulette is just more about blind luck.

    I am in the process of building my own online casino. Already got a license in Malta. Let's see how this will develop for me.

    Would be great to have potential customers in the States They should legalize it all over the world.

    I like to gamble myself so now when I blow all my money, at least I lost it at my own casino
    Hope you've got a serious bankroll in place because all it takes is a few big winners in a short period of time and you're paying out huge sums of money. The online gambling industry is tough and something I'd never get involved in.

    After reading this news last night, in a drunken haze, I bought several domain names I thought I could sell on. Looking back at them this morning I'm not so sure I bought anything decent.
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    • Profile picture of the author Kurt
      Originally Posted by RockingLastsForever View Post

      Depends on how good a poker player you are really doesn't it? A lot of poker is skill where as roulette is just more about blind luck.
      Nope. But you've just proven my point about calculating odds.

      Poker is a minus sum game. Put 10 players at a table with their bankrolls. Each time a game is dealt, the house takes a rake, lowering the total bankroll each time. This makes it impossible for all 10 people to be winners. As a matter of fact, you have to be an above average player to simply break even.

      In IM, there are no such limits and a group of 10 people can all be "winners" in IM.

      I used to play poker and blackjack as a semi-pro in Las Vegas. "Semi pro" meaning I still had to have a job and didn't support myself solely from gambling. I drove a cab 3 days a week, 4 when they made me.

      One day I looked over at the pile of gambling books I had read. There were over a dozen, each was filled with highlights and paper clips marking pages of particular interest. I had notebooks filled with notes. I studied charts, memorized odds, etc.

      It dawned on me that if I had spent the same time going back to school and applying that time to studying about computers instead of poker, I'd be further along in life. It was one of the best decisions I've ever made in life.

      In the 25 years since I first moved to Las Vegas, I've heard all the stories. But you know what? I don't know of a single person that became a pro gambler to the extent that they improved their standard of living. Not a single one in 25 years. Again, I heard about "friends of friends", but no one I knew actually did it...and I know some pretty smart and pretty good poker players.

      One the other hand, I know tons and tons of people that have improved their standard of living through IM. It shouldn't take a genius to figure out those "pot odds".

      Despite this real world info, I'll give you the biggest poker tip there is...Have the patience to choose good games. "Good enough" is a relative term. I don't have to be great. I just need to be able to quickly tell how good the other players are, and be better than them.

      Here's how you do it before you ever sit down at a real world game...You don't watch the flop. You watch the other players watch the flop. Which players are watching the flop and which players are watching the other players watching the flop looking for tells? The players watching the other players are the GOOD players. More than a couple of these guys/gals at a table means a tough game, either don't play or find another table.

      It's like the old saying...I don't have to be faster than the bear. I just have to be faster than you. And if you pick the right tables to play at, you don't have to be the best player in the world, you just need to be better than the other players at that table.
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  • Profile picture of the author Vallank2
    Online Gambling...................when I firts read this, I thought they have gambling in Nevada...............Brain running faster than my eyes...............sounds interesting

    Lank
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