E-GamblingCity Blog

Archive for December, 2008

Ok, so he is not president, YET… He likely will be as he is currently leading in the polls by over 10 % with a 6% +- sample error. This information coming from polls all over the media industry, even the Republican ones. Another major contributing factor that will give him and the Democratic Party the all time favored seat of power is that the economy has been in its worse shape since the 1929 depression. The credit crisis has hit so hard, that even former FED chair Alan Greenspan has come out to say he was wrong about certain maneuvers that were taken place during his latest term as FED chair. Major corporations are cutting jobs, others have gone bankrupt, countries such as Argentina and other second world countries have called for help to the International Monetary Fund. Goldman Sachs, the premier investment banking firm in the world has declared it will cut its workforce. And lastly, chartists and speculators claim the DOW might fall below 5,000 over the course of the next year leaving all value behind.

To put it simply, the world is REALLY becoming a difficult place to live as companies and governments struggle to make ends meet all across the board. As far as the online gambling industry is concerned, it was legal for its citizens to play and it was also legal to advertise online. This until 2004, when a bill called the UIGEA (Unlawful Internet Gambling Act) was passed by Congress, therefore making the whole industry illegal. After this took place, many major corporations went broke, and a lot lost a high percentage of income as US citizens were simply not allowed to play and gamble online. Numerous politicians argued the case as the industry would indeed earn billions for the government if properly regulated the industry, but the bills that were recently put into motion such as the one from Barney Frank (HR 5767) fell just short of acceptance.

Some Americans who actually have the means to open foreign accounts and who actually really do want to gamble do so anyway in today’s world as the ban is not properly put into place, and the worst part of this issue is that the government could be making billions if they properly looked at the industry, and regulated it and taxed it instead of negligently banning it. This of course is the main issue as to why Future president Obama would indeed legalize the industry given the fact that the economy has been hit in a sharp manner in this country, and legal entities struggle to survive. In fact, Mr. Obama is in favor of this industry being legalized as he has voted IN FAVOR to government regulation in recent bills. His favorable view along with an economic recession leading into depression might indeed make for a perfect storm leading the government into regulation and the cessation of the UIGEA ban. This point alone combined with the fact that the European Commission has recently formally complained to the World Trade Organization regarding the fact that the USA is acting in an illegal manner by banning foreign companies to trade in their soil (the agreement binds the USA to let this industry and others into action in the US market) are two major points that the new US government will have in favor to lift the ban.

Poker in general has benefited in recent years thanks to the major TV exposure given to Texas Hold´em tournaments, online poker brands buying publicity in major sports TV channels and tournaments, and the World Series of Poker, not to mention, major tournament prizes now publicized. Thanks to these important points, millions of consumers all over the world have taken poker as their main hobby. Not only poker; but online poker in general. The following portrays some positive aspects of playing poker online.

One of the main reasons online poker has gotten so much hype in recent years is the fact the clients can play from the comfort of their own home or office, or even handhelds nowadays. You don’t have to leave home, shower, or even get dressed to start playing poker. Registration is a breeze, and within minutes you can be participating in cash tables and online tournaments. The tournaments are really great. They give you the chance to compete against worldwide players for major jackpot prizes. You literally can compete for millions of dollars everyday given the extensive supply of tournaments available offered by the major online poker brands in the world. The best thing about it is that they are open 24-7 and usually one can find major jackpot tournaments at all hours nowadays.

Another great reason online poker is worth trying is the fact that the technology nowadays is very secure, and fair. Major brands are constantly being monitored by gambling commissions to ensure quality standards, and to meet client needs in all areas, specially fairness and security. Never before have humans played with so much fairness as draws are exerted in random modes, given all players the same chances to succeed as any other. The technology is also great given the fact that you can automatically place blinds and antes. There is no need for manual intervention in these areas if you don’t choose to, which in turn gives you more time to construct your hand strategy.

Statistically, online poker gives users a greater chance of winning. This is in part due to the fact that you can play more hands per hour as the automation of dealing and ante placements increases hand speeds which in turn increases players’ chances of winning. Online poker statistics nowadays can give you numerous tips on what you have been doing in the past, how successful you have been, winning ratio, tournament average placement, and many other useful information which in turn might help you win more hands and improve your game based on your past performance as it shows you where you have failed in the past. Aside from this major achievement, something to keep in mind is that online poker not only offers numerous tournaments and 24 - 7 game variations, but it also gives clients the opportunity to play at cash tables with all sorts of limits ranging from penny limits to hundreds of dollar VIP limits and more. Feel free to try some of the most established poker rooms online and have a great time while playing.