What is online gambling, how does it work and is it legal?
1. What is online gambling?
Also called internet gambling, or, online betting, is when people place real bets over the internet. This is considered as “ “.
All types of betting activities such as playing at online casinos, playing online poker for money, betting on sports matches and buying online lottery tickets & scratchers are all different forms of internet gaming. There are many different types of betting sites where you can win money betting against the house.
A growing subsector of the industry are bitcoin gambling sites and crypto casino betting places that only accept cryptocurrencies as forms of payments. Sports betting with bitcoins is a newer form of wagering on sporting events on the web that’s been growing in popularity with online bettors in recent years.
2. How does online gambling work?
The first step in gambling online is choosing a trustworthy betting site to bet with.
When you’re looking at a sportsbook betting site, poker room or online casino its a good idea to do extensive research of each site’s reputation and history.
Once you’ve found yourself a legitimate gambling site to play you’ll need to register a player account and make an initial deposit with the website.
There are a number of ways that people gamble online with real money.
Online casinos, sportsbooks and poker sites are the three biggest forms of gambling on the web.
Mobile casinos and mobile sports betting sites are a big part of the real money online gambling actions taking place on the net.
3. Is internet gambling legal?
Understanding US online gambling laws practically requires a PhD in doctoral research as the state of legal online gambling changes drastically from one region to the next.
Thoughts.com explains the legal status of gambling online in this post for your better understanding.
4. Are online casinos legal?
Yes, online casinos are legal when they hold a valid internet gambling license.
There are a number of countries around the world that offer iGaming regulations.
Some of the most well know online gambling regulators include:
- New Jersey Division of Gaming Enforcement
- United Kingdom Gambling Commission
- Malta Gaming Authority
- Kahnawake Gambling Commission
- Gaming Curacao
5. Is online gambling legal in the US?
Legal online gambling that is regulated in the United States exists in ~23 states for sports betting, ~7 states for online poker and only ~5 states have regulated online casinos.
USA players not located in a state with online betting regulations passed are still able to play at offshore online casinos licensed in an offshore location outside of the United States of America. This remains much like it has been in an unregulated marketplace for 25 years and counting.
Hopefully the USA will make all forms of internet gambling legal on the Federal level some times in the new couple of years. It’s a no brainer and a cash cow for Government iGaming regulators.
6. What states have legal online sports betting?
There are currently ~23 states that allow for betting on sports from within state borders. You can bet on online sports betting odds if tour located inside of any of these states with regulated sports gambling.
States with legal online sports betting
7. Are bitcoin casinos legit to play?
There are many legitimate bitcoin casino sites to play on the internet.
However, there are probably even more BTC casinos that aren’t very trustworthy. Therefore, its crucial that you choose a crypto casino with a solid reputation.
When searching for legit bitcoin casinos make sure to compare their ratings across multiple crypto gambling review guides. Look for online casinos with at least 3.5 stars out of 5 stars. 4+ star bitcoin casino ratings are an even better choice to play.
8. Is bitcoin gambling legal?
Yes. There are no laws against gambling on the net with Bitcoins – the world’s #1 cryptocurrency by market cap.
Bitcoin gambling still remains legal but its happening in an unregulated crypto iGaming market. There are many top quality crypto betting sites to choose from.
9. What are the best online casinos?
What are the best online casino sites in 2021?
This is debatable as which site is “best” is a matter of opinion really.
The important thing is the find licensed online casino sites that are highly trusted with good casino ratings across the web.
I’ve written a page with some of the best online casinos reviewed on TrustGeeky that you can check out if you’d like to play casino games online. The TrustGeeky.com tech blog reviews the latest and hottest new tech to arrive on the web.
Intertops Red Casino has been operating real money betting games for over 20 years with an outstanding reputation for fairness & quality customer service.
10. What are the best sports betting sites?
Some of the best sites for online sports betting are Bet365, DraftKings, Bovada, William Hill, Intertops Sportsbook, LeoVegas to name only a handful. There’s many quality sports betting websites for placing real money bets on your favorite team.
11. What are the best online poker rooms?
Bet365 Poker, Bovada Poker, Ignition Poker, Americas Card Room, 888 Poker are just some of the best online poker rooms for real money poker tournament action.
12. What bitcoin casinos are safe?
There are lots of crypto casinos, aka “bitcoin casinos” offering you the option to deposit and wager using bitcoins (BTC). Some of the best bitcoin casino sites are not available to US players, namely Bitstarz as the most important.
FortuneJack online casino is also a top respected crypto casino and one of the oldest bitcoin casinos too!
Don’t play on BitcoinCasino.us – their crypto betting site is a deeply reported scam on Reddit and gambling review portals. Likewise, avoid betting your crypto on BitCasino.io as they’re also reported for scamming players on Reddit.
Safe bitcoin casinos that allow US players are included along with our referral links below.
13. Can you gamble online for a living?
NO. Online betting sites have the advantage so it is not realistic to wager online for a profession. The house always wins in the long run.
Sure, you can get lucky and sometimes win money.
However, the more bets you place and the longer you gamble on the net the more likely that their odds favor will catch up with you and you’ll experience extending losses over time.