Online betting is any type of betting conducted via the internet. This includes casinos, poker and sports betting amongst many others. The first internet betting venue opened for the public, was online ticketing for the maiden Liechtenstein International Casino Golf Tournament in 1994. Since then there have been lots of other successful online betting ventures with varying systems of game play and betting odds. Some of these include Ladbrokes, Coral Sportsbook, Betfair and Intertops.
Online gaming is nothing new but what is new is the delivery model which has made online gaming possible over the internet and without the need for a land based casino. Previously the traditional land based casinos used to be opened at intervals depending on location, hence giving gamers a chance to switch from one gambling opportunity to another. However with the advent of the internet this is no longer a problem since all a gamer needs to do to switch gambling venues is to go to one of the many online gaming portals open to the public and play their choice of games. It has given online gaming an entirely different dynamic to conventional gambling. Gone are the days where we needed to travel to get our hands on a piece of the world’s gambling pie, now all you need is an internet connection and you can play right from the comfort of your own home.
If we look back to the early years of online gambling, we would see that there were not many betting games available on the internet and most of the options were either restricted to a single location or not available at all. This meant that gamers had to find alternative means of playing and that they most often resorted to ‘winging it’ between gaming venues in order to meet their betting requirements. This was not only inconvenient for customers who wanted to try out new betting games online but also meant that customers had to pay significant amounts of money in order to gamble. Today however, things have changed as New Jersey has become one of the first states in the United States to legalise online gambling and to offer a range of legal sports betting portals.
So what exactly is online gambling? Well the term ‘online gambling’ can mean several things. In the main article we referred to online betting or greyhound racing. Online betting can also refer to online casino gambling and poker gambling, online bingo, online slots, online racing, and even online poker gambling. Online gambling can take many forms and the above list is by no means exhaustive.
Online betting is legal in the United Kingdom and online casinos have been set up by the Gambling Commission to monitor the situation and ensure that UK gambling law is being adhered to. The Gambling Commission also oversees the UK Lottery System and collects fees from UK lottery winners. UK lottery winners can then choose to accept money from third parties or cash to gamble. There are also a number of other games that may be played on UK gambling sites including Craps, Keno, Baccarat, Roulette and more. As a result, the UK gambling industry has created an enormous amount of revenue through online betting and it continues to grow every year.
Online sports betting is illegal in the United Kingdom, according to the Gambling Act 2021. The law does not define gambling or the type of gambling it refers to, but it does say that you cannot conduct “a lottery or a game of chance”. This means that any activity that falls under the definition of “gambling” includes online gambling, so long as it takes place through the Internet and doesn’t include wagering on UK lottery games. If you want to enjoy some online gambling without breaking the law, you’ll need to play at one of the licensed online sports betting sites.