Can I Perform Online Sports Betting?
Since 2006 it has been illegal for any citizen of the United States to gamble on online sport gaming. Gambling on the internet was complex when that law was passed, and still remains so. In 1961 the Interstate Wire Act was passed to prevent people from gambling using the phone. Since the internet has come out, people have been curious if this law was applicable to the internet as well. The reason that this was a question was because the internet wasn’t invented until after the Interstate Wire Act of 1961 was passed. To compound the confusion, the Act didn’t clarify what forms of gambling it was meant for. The question that remained was, was the Act against all types of gambling, or only betting on sports.
Even with all of the questions swirling around this matter, there was one surety. If you are the proprietor of a gambling website, then you will be relentlessly pursued by the government. This is one situation about which they are very serious. Of course, if you get to the source, you can resolve the problem. Further, focusing on a few hundred website owners is much easier than chasing ten million or so individuals.
Sports gambling and its legality is a hot button issue right now. The opposition believes that games can be more easily fixed and rigged this way. Professional sports have a much lower likelihood for them to be fixed, as there are too many players and professionals involved to really be able to fix every game that’s put on. People who support sports betting cite it as something that adds to the entertainment value of the game, and it doesn’t do anyone any harm. Personally, I think that sports gambling is a bad idea that drains your finances quickly.
I have known many sports gamblers throughout the years and every one began small with $5 or $10 bets. Ultimately, they hit a bad streak and lose everything, always thinking that they only need one win to get it all back. As an example, if you lose ten times back to back, you can drop a great deal of money. 1st bet: $100, 2nd bet: $200, 3rd bet $300, 4th bet $600, 5th bet $1,200, 6th bet $2,400, 7th bet $4,800, 8th bet $9,600, 9th bet $19,200, 10th bet $38,400. As you can see, if you begin by betting just $100 and try to get even as you are losing ten times running, it makes a total that you lose of $76,800. I can imagine what you may be thinking. Who would do something like this? People have gotten wrapped up in it and I have witnessed it firsthand. Sports betting is extremely emotional and at times you do not use your brains but rather bet on that emotion.
Recently there have been discussions regarding the legalization of online gambling with the government taxing the winnings of the bettors. Frankly, I am hoping that this does not occur as I have experienced what sports gambling is capable of doing to a person. Gambling brings out the devil in people. If I had the deciding vote, I would vote that online gambling remains illegal in the United States.
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