May 27, 2018

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Betting With Real Money in Online Poker Games

Thanks to the “Black Friday” of internet poker in April 2011, betting with real money in online poker games has become a bit of a challenge for some U.S. residents.

On “Black Friday,” the U.S. Department of Justice took a hard line on online poker and other online games, drawing a proverbial line in the sand and seizing the domain names of the largest online gaming websites, essentially making them unavailable to online players in the United States.

The Justice Department’s actions left avid online poker players in the United States with only two options if they wished to continue their poker-playing habit: remove themselves from their couches and visit a casino to play a live game of poker, or log onto one of the many international online poker websites that cater to U.S. residents and play illegally.

While playing online poker in and of itself is not illegal in the United States, placing bets online through a U.S. financial institution is illegal under gaming laws in most of the United States. Some players became creative in their online betting, using prepaid credit cards, wire transfers and money orders so that they could continue to place their bets online. Doing so allowed them to skirt U.S. gaming regulations.

As of 2013, there were three states in the United States whose legislatures enacted laws which would allow online poker players to again legally place their bets using U.S. financial institutions: New Jersey, Delaware and Nevada. Residents who live within the borders of those states are permitted to legally gamble with money held in U.S. financial institutions without fear of repercussion from the federal government.

Even those from other states who choose to place bets online in ways which skirt federal gaming laws should be wary of which sites to which they are entrusting their money. Some sites make it hard for players to cash in on their winnings, while others have been accused of outright financial fraud. Some online poker websites are run smoothly, creating a pleasant experience for all players, while others are run poorly. Prior to placing any bets, players should research the site they plan to use and make sure it is reputable.

Quality online poker websites not only offer quick payouts to winners, but also provide a variety of poker games. Some sites will offer bonuses to entice new players, or to reward longtime players who continue to return to the site to place their bets.

Online poker websites – particularly those with cash payouts for winners – require players to create an account before being allowed to place any bets or play any games.

Players who choose to use any online poker website should heed a word of caution: because the regulations for online gaming are continually changing in the United States, a website which accepts U.S. players today may not accept them tomorrow. So it is wise not to invest too much money into a site that may not be available for your usage a week or a month from now.

Playing online poker with real money is a risky business. Only players who are aware of the risks – as well as the benefits – should consider it.

Portugal Online Poker Jumps into Shared Player Pool With France and Spain

Poker players in Europe were promised a bigger pool to splash around in, and now they've got it. Portugal is the latest country to join PokerStars' shared liquidity license, allowing them to play against opponents in France and Spain-and giving the ...

Published:  Sat, 26 May 2018 09:32:00 GMT

Cryptocurrency- The Future Of Online poker

There are reasons why people are trusting cryptocurrencies like bitcoins for online transactions. Slowly and steadily, the world is getting accustomed to a form of currency which is intangible but reliable. It is being seen that sectors like share market ...

Published:  Fri, 25 May 2018 17:24:00 GMT

The Stars Group's Pokerstars Spring Championship of Online Poker Surpasses Guarantee With $91 Million Prize Pool

This year's SCOOP ran from May 6 to May 23 spanning 16 days and 183 tournaments, 28 of which individually guaranteed at least $1 million in prizes. The online series, which is in its tenth year, attracted 141,862 players from 141 different countries for a ...

Published:  Thu, 24 May 2018 09:35:00 GMT

Global Glance: Portugal Joins Online Poker Network with PokerStars

The weekly Global Glance looks at the online poker scene around the world. What happens with online poker and gambling beyond America's borders can and often does impact the state of online poker in the United States. Months after PokerStars merged its ...

Published:  Sun, 27 May 2018 08:27:00 GMT

China Stops Online Poker App With Arrests

The authorities in China frown on illegal activities of all sorts but of late the police have delved into illegal poker games facilitated by the use of soon-to-be- prohibited"Texas Hold'em" smart-device application.The crack down this time resulted ...

Published:  Sun, 27 May 2018 15:13:00 GMT

NY Assembly Has Mixed Emotions When It Comes To Online Poker

Online poker in New York is turning into the legislative version of Robert Louis Stevenson's literary masterpiece, the Strange Case of Dr. Jekyll and Mr. Hyde. After a couple of close calls in each of the last two years, Albany lawmakers don't seem to ...

Published:  Thu, 24 May 2018 07:00:00 GMT

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