Online betting is another form of what was
initially known as 'off-track' betting. In the early days of organized gambling
on sport, all betting took place at the horse track. Later, bets could be
placed with bookmakers at local pubs or bookmaking offices. From there, things
have progressed to the point where online betting exchanges allow punters to
lay their wagers from the privacy of their own homes at all hours of the day or
night. There are advantages and disadvantages to online betting, and vocal
proponents and opponents to boot. Whether or not online betting is even legal
varies from country to country. However, the tide seems to be turning firmly in
favor of legalized online betting, as evidenced by a recent shift out of Las
Vegas. On November 25th, 2008, the American Gaming Association came out for
legalized online betting. Previously the States' largest gaming association had
been a hold out, and while some of the big international casinos were allowing
limited online betting based on location, it was a frustration to punters to be
restricted, given the profit opportunities available in American sports. Now,
while it seems that online sports betting Malaysia is going to be legal
worldwide in the near future, it is far from perfect. Dodgy betting sites pop
up and shut down constantly, so it is best to stick with the big game sites,
especially if one is a bit newer to the process. The shadowy jurisdictions for
some of the online ventures provide limited recourse in the event of a rip off,
and some charge usurious fees to members. Additionally, Gamblers Anonymous
finds that online betting can be a hard challenge to resist for gambling
addicts. Some also fret that the numbers of addicted gamblers are rising as a
result of online sports betting.However, others point to the unparalleled
convenience offered by online betting. No pub hours to observe, no bookmakers
out on holiday, just 24/7 betting opportunities. Yes, it is a bit more
anonymous than offline betting, but fans point out that this can save the time
and hassle of trying to explain to one's mates why you bet heavily on
Australian Women's Bowling, or the difficulty of walking a new bookie through
some of the more complex betting combinations. Additionally, online betting can
be a pride saver all losses can be wept over in the privacy of your own home.
Big wins can be equally anonymous, but do remember that most online betting is
taxed in one way or another. Online or off, the tax man always takes his cut.
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