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Gambling is the wagering of money or something of value referred to as "the stakes" on an event with an uncertain outcome with the primary intent of winning money or material goods.

Gambling thus requires three elements be present: The term online gambling authority uk [2] in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; i. However, this distinction is not universally observed in the English-speaking world. For instance, in the United Kingdom, the regulator of gambling activities is called the Gambling Commission not the Gaming Commission.

For example, players of marbles games might wager marbles, and likewise games of Pogs or Magic: Gambling dates back to the Paleolithic period, before written history. The earliest six-sided dice date to about BC in Mesopotamia. However, they were based on astragali dating back thousands of years earlier. In China, gambling houses were widespread in the online gambling authority uk millennium BC where betting on fighting animals was common. Lotto games and dominoes precursors of Pai Gow appeared in China as early as the 10th online gambling authority uk. Playing cards appeared in the ninth century in China.

Pokerthe most popular U. The first known casino was the Ridottoestablished in Venice, Italy in Many jurisdictions, local as well as national, either ban gambling or heavily control it by licensing the vendors. Such regulation generally leads to gambling tourism and illegal gambling in the areas where it is not allowed. The involvement of governments, through regulation and taxation, has led to a close connection between many governments and gaming organizations, where legal gambling online gambling authority uk significant government revenue, such as in Monaco or Macau, China.

There is generally legislation requiring that the odds in gaming devices are statistically randomto prevent manufacturers from making some high-payoff results impossible. Since these high-payoffs have very low probabilitya house bias can quite easily be missed unless the odds are checked carefully. Most jurisdictions that allow gambling require participants to be above a certain age.

In some jurisdictions, the gambling age differs depending on the type of gambling. For example, in many American states one must be over 21 to enter a casino, but may buy a lottery ticket after turning Because contracts of insurance have many features in common with wagers, insurance contracts are often distinguished under law as agreements in which either party has an interest in the "bet-upon" outcome beyond the specific financial terms.

Nonetheless, both insurance and gambling contracts are typically considered aleatory contracts under most legal systems, though they are subject to different types of regulation. Under common lawparticularly English Law English unjust enrichmenta gambling contract may not give a casino bona fide purchaser status, permitting the recovery of stolen funds in some situations.

Law precedents are somewhat similar. Religious perspectives on gambling have been mixed. However, the text Arthashastra c.

The Catholic Church holds the position check this out there is no moral impediment to gambling, so long as it is fair, all bettors have a reasonable chance of winning, that there is no fraud involved, and the parties involved do not have actual knowledge of the outcome of the bet unless they have disclosed this knowledge.

For these social and religious reasons, most legal jurisdictions limit gambling, as advocated http://sex-cam-free.info/online-casino-paypal-nederland.php Pascal.

Gambling views among Protestants vary with some either discouraging or forbidding their members from participation in gambling. For example, the United Methodist Church opposes gambling which they believe gambling is a sin that feeds on greed.

Quakers also disapprove gambling. The Islamic terminology for gambling is Maisirhowever this also has a second definition meaning easy money.

While almost any game can be played for money, and any game typically played for money can also be played just for fun, some games are generally offered in a casino setting. Gambling games that take online gambling authority uk outside of casinos include Bingo as played in the US and UKdead poollotteriespull-tab games and scratchcards more info, and Mahjong.

Fixed-odds betting and Parimutuel betting frequently occur at many types of sporting events, and political elections. In addition many bookmakers offer fixed odds on a number of non-sports related outcomes, for example the direction and extent of movement of various financial indices slots cash mobile, the online gambling authority uk of television competitions such as Big Brotherand election results.

One of the most widespread forms of gambling involves betting on horse or greyhound racing. Wagering may take place through parimutuel pools, or bookmakers may take bets personally. Parimutuel wagers pay off at prices determined by support in the wagering pools, while bookmakers pay off either at the odds offered at the time of accepting the bet; or at the median odds offered by track bookmakers at the time the race started.

Betting on team sports has become an important service industry in go here countries. For example, millions of people play the football pools every week in the United Kingdom. In addition to organized sports betting, both legal and illegal, there are many side-betting games played by casual groups of spectators, such as NCAA Basketball Login online casino games ac Bracket Pools, Super Bowl Squares, Fantasy Sports Leagues with monetary entry fees and online gambling authority uk, and in-person spectator games like Moundball.

Arbitrage betting is a theoretically risk-free betting system in which every outcome of an event is bet upon so that a known profit will be made by the bettor upon completion of the event, regardless of the outcome. Arbitrage online gambling authority uk is a combination of the ancient art of arbitrage trading and gambling, which has been made possible by the large numbers of bookmakers in the marketplace, creating occasional opportunities for read article. One can online gambling authority uk bet with another person that a statement is true or false, or that a specified event will happen a "back bet" or will not happen a "lay bet" within a specified time.

This occurs in particular when two people have opposing but strongly held views on truth or events. Not only do the parties hope to gain from the bet, they place the bet also to demonstrate their certainty about the issue. Some means of determining the issue at stake must exist.

Sometimes the amount bet remains nominal, demonstrating the outcome as one of online gambling authority uk rather than of financial importance. Betting exchanges allow consumers to online gambling authority uk back and lay at odds of their choice. Similar in some ways to a stock exchange, a bettor may want to back online gambling authority uk horse hoping it will win or lay a horse hoping it will lose, effectively acting as bookmaker.

Spread betting allows gamblers to wagering on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome. For example a wager can be based on the when online gambling authority uk point is scored in the game in minutes and each minute away from the prediction increases or http://sex-cam-free.info/most-won-online-casino.php the payout.

Many betting systems have been created in an attempt to "beat the house" but no system can make a mathematically unprofitable bet in terms of expected value profitable over time.

Widely used systems include:. Many risk-return choices are sometimes referred to colloquially as "gambling. Investments are also usually not considered gambling, australian mobile casino some investments can involve significant click the following article. Examples of investments include stocksbonds and real estate.

Starting a business can also be online gambling authority uk a form of investment. Investments are generally not considered gambling when they meet the following criteria:. Some speculative investment activities are particularly risky, but are sometimes perceived to be different from gambling:. Studies show that though many people participate in gambling as a form of recreation or even as a means to gain an income, gambling, like any behavior that involves variation in brain chemistrycan become a harmful, behavioral addiction.

The Russian writer and problem gambler Fyodor Dostoevsky portrays in his novella The Gambler the psychological implications of gambling and how gambling can affect gamblers. He also associates gambling and the idea of " getting rich quick ", suggesting that Russians may have a particular affinity for gambling. Dostoevsky shows the effect of betting money for the chance of gaining more in 19th-century Europe. The association between Russians and gambling has fed legends of the origins online gambling authority uk Russian roulette.

There are many symptoms and reasons for gambling. Gamblers gamble more money to try and win back money that they have lost and some gamble to relieve feelings of helplessness and anxiety. The Advertising Standards Authority has censured several betting firms for advertisements disguised as news articles suggesting falsely a person had cleared debts and paid for medical expenses by online gambling.

The firms face possible fines. Gamblers exhibit a number of cognitive and motivational biases that distort the perceived odds of events and that influence their preferences for gambles. For example, gambler exhibit a costly aversion to betting against their favorite team or political candidate. From Wikipedia, the free encyclopedia. For other uses, see Gamble disambiguation and Betting disambiguation.

This section possibly contains original research. Please improve it by verifying the claims made and adding online gambling authority uk citations. Statements consisting only of original research should be removed. August Learn how and when to remove this online gambling authority uk message.

The History of Gambling. Sports and Games of Medieval Cultures. Liminality and the Modern: Living Through the In-Between. Retrieved August 17, Retrieved 5 September Archived from the original on 16 Online gambling authority uk Retrieved 20 July Adamson - Palgrave Macmillan".

Retrieved 30 May Florida bishops oppose expanding casino gambling". The Principles of Project Finance. Sharia and Social Engineering. Archived from the original on 16 November Costly Reluctance to Hedge Desired Outcomes".

Choosing between intuitive and nonintuitive alternatives. Journal of Experimental Psychology: Journal of Personality and Social Psychology.


Online gambling (or Internet gambling) includes poker, casinos and sports betting. The first online casino was in Many countries restrict or ban online gambling.

The UK Gaming Commission covers remote gaming and several segments of the brick-and-mortar industry. The first wave of regulation created by the UK Gambling Commission was to form licensing procedures for sites located in the UK that offered online gaming.

Subsequently, these companies paid for licensing and taxes in exchange for permission to operate within the UK borders. Additionally, there was a procedure for white-listing offshore companies. This involved an offshore company gaining licensure through a gaming commission considered to be legitimate by the United Kingdom. These were mostly jurisdictions that are members of the European Union. One advantage to taking the white-listing route was that taxes could be paid to the local gaming commission.

This permitted sites outside the UK to advertise on local 2016 singapore deposit fixed promotion stations and over the Internet to Brits without paying taxes to the country. Consequently, there was essentially no difference between UK and offshore sites.

These venues included tax havens like Gibraltar and Isle of Man. While most European online gaming commissions are legitimate, player complaints were pointless if online gambling authority uk site was not in the UK.

The UK Gambling Commission could not compel offshore sites to pay players. The Betfair Happy Hour debacle online gambling authority uk one example of this. Initially, the company offered a favorable promotion and after the fact changed the terms and conditions.

This took cash from thousands, maybe even tens of thousands of players. Betfair did run into trouble with the Advertising Standards Authority in the UK, who found that Betfair had falsely advertised the promotion to UK residents.

The punishment was online gambling authority uk Betfair could not run the same promotion again in the UK. This required all companies that operate online gaming in the UK to receive a license in the country. Each and every segment of gaming offered required licensing.

This included pokercasino gamessports bettingbingo and lotteries. As a result, many gaming sites chose to abandon the market instead of complying with the licensing requirements. In addition, some companies that remained in the UK market decided to only license one gaming brand if it operated multiple ones real money slots app android the online gambling authority uk. Some companies that stayed in the UK decided to pass on some of the taxes to customers.

Remote gaming companies with a UK gaming license offer players many advantages over ones that operate illegally. Since a registration process vets each of the licensed companies, it screens out unsuitable online gambling authority uk and entities from the industry. Gaming sites must hold player funds in a separate account from operating cash. The UK Gambling Commission also reviews software online real paypal roulette for money policies for fairness.

A player that has a dispute with an online gaming company can hold the site accountable. The Advertising Standards Authority can review marketing procedures to ensure fairness. Offshore sites operating without a license are doing so illegally. This could eventually end with seizures and criminal charges for sites online gambling authority uk do not abide by UK online gambling laws.

Additionally, these companies are evading taxes. Sites not licensed in the UK often operate illegally in other countries. This increases exposure to potential legal action where player funds are at risk. The UK Gambling Commission set up a procedure for players to file a dispute. Players should make sure to put the full issue in dispute into writing every step of the way. This includes communication with the site via email or phone. Additionally, learn more here need to keep a log of this and any responses during the resolution process.

Online gambling authority uk you are unhappy with the resolution, it can escalate to an Alternative Dispute Resolution party. The group that hears disputes depends on the segment of betting. Finally, any unsatisfactory ruling after this point must go into the civil court system.

Advantages of UK Gambling Commission licensing Remote gaming companies with a UK gaming license offer online gambling authority uk many advantages over ones that operate illegally.


UK opposition pushes for gambling curbs

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