Can Paypal Be Used For Online Gambling

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1. Can I Use Paypal For Gambling
2. Can Paypal Be Used For Online Gambling

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The history of humanity is inextricably linked with the history of gambling, as it seems that no matter how far back in time you go there are signs that where groups of people gathered together gambling was sure to have been taking place. Now we are not going to attempt to track every single twist and turn in the evolution of gambling in this article, but what we are going to do is to pick out some of the most important dates to act as milestones on the road to today’s gambling experience.

The Earliest Evidence of Gambling

While it is almost certain that some forms of betting have been taking place since the dawn of human history, the earliest concrete evidence comes from Ancient China where tiles were unearthed which appeared to have been used for a rudimentary game of chance. The Chinese ‘Book of Songs’ makes reference to “the drawing of wood” which suggests that the tiles may have formed part of a lottery type game. We have evidence in the form of keno slips which were used in about 200bc as some sort of lottery to fund state works – possibly including construction of the Great Wall of China. Lotteries continued to be used for civic purposes throughout history – Harvard and Yale were both established using lottery funds – and continue to do so until the present day.

Dicing with the Law on the Streets of Ancient Rome

The Greek poet Sophocles claimed that dice were invented by a mythological hero during the siege of Troy, and while this may have somewhat dubious basis in fact, his writings around 500bc were the first mention of dice in Greek history. We know that dice existed far earlier than this, since a pair had been uncovered from an Egyptian tomb from 3000bc, but what is certain is that the Ancient Greeks and Romans loved to gamble on all manner of things, seemingly at any given opportunity. In fact all forms of gambling – including dice games – were forbidden within the ancient city of Rome and a penalty imposed on those caught which was worth four times the stake being bet. As a result of this, ingenious Roman citizens invented the first gambling chips, so if they were nabbed by the guards they could claim to be playing only for chips and not for real money. (Note that this ruse will not work if attempted at a Vegas casino).

Playing your Cards Right in China

Most scholars agree that the first playing cards appeared in China in the 9th century, although the exact rules of the games they were used for have been lost to history. Some suggest that the cards were both the game and the stake, like trading card games played by children today, while other sources believe the first packs of cards to have been paper forms of Chinese domino. Certainly the cards used at this time bore very little relation to the standard 52 card decks we know today.

Baccarat in Italy and France

The earliest game still played in casinos today is the two player card game of Baccarat, a version of which was first mentioned as long ago as the 1400s when it migrated from Italy to France. Despite its early genesis, it took hundreds of years and various evolutions to arrive at the game we know today. Although different incarnations of the game have come and gone, the standard version played in casinos all over the world came from Cuba via Britain to the US, with a few alterations to the rules along the way. Although baccarat is effectively more of a spectator sport than a game, it is a feature of just about every casino due to its popularity with high rolling gamblers.

Blackjack through the Ages

Some suggest that the earliest forms of blackjack came from a Spanish game called ventiuna (21) as this game appeared in a book written by the author of Don Quixote in 1601. Or was it the game of trente-un (31) from 1570? Or even quinze (15) from France decades earlier? As with all of these origin stories, the inventors of games of chance were rarely noted in the historical annals. The French game of vingt-et-un in the seventeenth century is certainly a direct forefather of the modern game, and this is the game that arrived in the US along with early settlers from France. The name ‘blackjack’ was an American innovation, and linked to special promotions in Nevada casinos in the 1930s. To attract extra customers, 10 to 1 odds were paid out if the player won with a black Jack of Clubs or Spades together with an Ace of Spades. The special odds didn’t last long, but the name is still with us today.

Can I Use Paypal For Gambling

First Casinos in Italy

The earliest gambling houses which could reasonably be compared to casinos started to appear in the early 17th century in Italy. For example, in 1638, the Ridotto was established in Venice to provide a controlled gambling environment amidst the chaos of the annual carnival season. Casinos started to spring up all over continental Europe during the 19th century, while at the same time in the US much more informal gambling houses were in vogue. In fact steam boats taking prosperous farmers and traders up and down the Mississippi provided the venue for a lot of informal gambling stateside. Now when we think of casinos we tend to picture the Las Vegas Strip, which grew out of the ashes of the Depression in America.

The Little Wheel in Paris

Roulette as we know it today originated in the gaming houses of Paris, where players would have been familiar with the wheel we now refer to (ironically enough) as the American Roulette wheel. It took another 50 years until the ‘European’ version came along with just one green zero, and generations of roulette players can be grateful for that. During the course of the 19th century roulette grew in popularity, and when the famous Monte Carlo casino adopted the single zero form of the game this spread throughout Europe and most of the world, although the Americans stuck to the original double zero wheels.

Poker: Bust to Boom

It’s hard to pin down the precise origin of poker – as with a lot of the games mentioned here, poker seems to have grown organically over decades and possibly centuries from various different card games. Some have poker’s antecedents coming from seventeenth century Persia, while others say that the game we know today was inspired by a French game called Poque. What we do know for sure is that an English actor by the name of Joseph Crowell reported that a recognizable form of the game was being played in New Orleans in 1829, so that is as good a date as any for the birth of poker. The growth of the game’s popularity was fairly sluggish up until world poker tournaments started being played in Vegas in the 1970s. However poker really exploded with the advent of online poker and televised events allowing spectators to see the players’ hands. When amateur player Chris Moneymaker qualified for and won the 2003 world poker championship after qualifying through online play, it allowed everyone to picture themselves as online poker millionaires.

One Armed Bandits Appear in New York

The first gambling machine which resembled the slots we know today was one developed by Messrs Sittman and Pitt in New York, which used the 52 cards on drum reels to make a sort of poker game. Around the same time the Liberty Bell machine was invented by a Charles Fey in San Francisco. This machine proved much more practical in the sense that winnings could be precisely regulated, and marked the beginning of the real slot game revolution. The fact that some new video slot games still feature bell symbols dates back to this early invention. While early machines spewed out cigars and gum instead of money, the money dispensing versions soon became a staple in bars and casinos around the globe, and when the first video slot was invented in 1976 this paved the way for the online video slots which were to follow.

Gambling in the US: Two Sides of the Same Coin

The United States has always had an up and down relationship with gambling, dating back to when the very first European settlers arrived. Whereas Puritan bands of settlers banned gambling outright in their new settlements, those emigrating from England had a more lenient view of gambling and were more than happy to tolerate it. This dichotomous relationship has continued until now, and in 1910 public pressure led to a nationwide prohibition on gambling. Just like the alcohol prohibition of the same era, this proved somewhat difficult to enforce and gambling continued on in an only slightly discreet manner. The Wall Street Crash and the Great Depression that this spawned in the early 1930s led to gambling being legalized again, as for many this was the only prospect of alleviating the grinding poverty which they suffered through. Although gambling is legal in a number of States today –most famously in Las Vegas, Nevada - online gambling is still something of a grey area in the United States. Right now, many international internet casinos are unable to accept American clients, although the signs are that this will change in the near future.

The New Frontier for Gambling

Microgaming is one of the largest casino and slot game developers in the world today, and they are also considered to be pioneers of online gambling. The leap into the world of virtual casinos was taken all the way back in 1994, which in internet terms is kind of like 2300bc! Online gaming was worth over a billion dollars within 5 years, and today is a multibillion dollar industry with over a thousand online casinos and growing. The first live dealer casinos appeared in 2003 courtesy of Playtech, bringing us closer to a hybrid between brick and mortar casinos and the virtual world.

Gambling Has Gone Mobile

Since New Jersey legalized online gambling in 2011, there has been a boom in the interest people have in it. America has seen a move towards legalizing it state by state, as well as experiencing the rapid rise in mobile gambling. Across the globe, internet users are gradually veering away from their desktops and towards their handheld devices. This is true of online gamblers too, wanting to be able to enjoy their favorite games whilst on the go. The top gambling sites out there have recognized a market and have stepped up to deliver. With a wave of impressive mobile focused online gambling destinations taking the world by storm, it's safe to say that desktops are being left far behind in favour of more mobile alternatives.

…The Future

What Comes Next?

It is just about as difficult to predict the future for gambling as it is to uncover some of the origins of the gambling games we know so well today. Much of the focus at the moment is on the mobile gaming market, with online casinos scrambling to make more content compatible with the latest hand held devices. Virtual reality technology is just taking its first steps as a commercial proposition, and you can be sure that there will be gambling applications down the road. How would you like to sit around a virtual poker table with a bunch of your friends from all over the world, share a few laughs, try to tell if you can spot a tell-tale facial tick; and all this from the comfort of your home? VR Headsets can make it happen – maybe not today, but certainly just a few years down the track if technology continues to advance in bounds and leaps.

And after that? Well who knows, but when it comes to gambling all things are possible.

References

• Dice: Game Pieces (Britannica.com)
• Baccarat (card game) (Wikipedia.org)
• Twenty-One (card game) (Wikipedia.org)
• How Casinos Work (HowStuffWorks.com)
• Where Did Poker Originate? (History.com)
• History Of Poker (Wopc.co.uk)
• Chris Moneymaker (Wikipedia.org)
• Historical Interlude (VideoGameHistorian.com)
• Charles Fey and San Francieco's Liberty Bell Slot Machine (California Historical Quarterly)
• Microgaming: About Us (Microgaming.co.uk)
• New Jersey Now Allows Gambling via Internet (NYTimes.com)

Skip the Headaches and Play at a Legitimate Site

You’re looking for a legitimate U.S. gambling site, but can’t decide which site to trust with your hard-earned money?

Can Paypal Be Used For Online Gambling

Good news! We’ve been in the online gambling industry for over a decade (several decades, really, if you add all of our experience together), and we’ve spent countless hours to bring you a list of the most legitimate sites.

Here’s what all of these sites have in common:

• 10+ years in the business with strong reputations.
• Attractive promotions for first-time customers.
• Quick money withdrawals (relative to the U.S. market).

Why Bovada Is #1 in the U.S.

#1: Fastest Check Cashouts

Bovada gets 10 times as much traffic as its second best US competitor and still delivers check payouts faster than any of them. Bovada processes check withdrawals in 7 days; many of its competitors take weeks, some more than a month to do the same. (There are other fast options, like the #3-ranked BetOnline, which delivers checks in 14 days.)

#2: Service

An equally important aspect of Bovada’s operations is its customer service. If there ever was an indication of how much a company respects its customers, it’s the level of customer service the company provides. I haven’t found any US-friendly site doing this aspect of the business better (although 5Dimes is a worthy runner-up).

#3: All-In-One

Finally, all parts of Bovada’s business (sportsbook, casino, poker, racebook) are popular. Bovada is best-known for sports betting and casino games, however, even its online poker room has around four times as many players online as the second biggest US poker site. You can access all of their games with one player account.

… But You Should Know This

Bovada is recreational-friendly, perhaps more-so than any other US site. You’ll find few golden opportunities in their sportsbook (read more about their use of dual lines), they have a relatively high overall house edge (especially after recently increasing house edge in video poker games) and their online poker room only has “anonymous” tables.

Although not everyone agrees with me, the recreational-friendly part is an advantage for skilled poker players. Since Bovada appeals to recreational gamblers, you’ll be like a shark among regular fish.

Bovada charges a 4.9% fee for credit card deposits (a lot considering how most sites charge nothing). The impact of the deposit fee is slightly compensated by their welcome bonuses, which are better than average.

All online gamblers look for entertaining games, attractive promotions and aesthetically pleasing software. To have a safe experience, however, you want a site to:

1. Serve its customers with safety and respect,
2. Operate with a reasonable house edge, and
3. Handle money transactions promptly.

Yes, the third point is included in the first point but it’s also such an essential part of the customer experience that it must be mentioned separately. Many online gambling websites operate without an adequate level of service so these points are worth considering. It’s rare to find a combination of all three points.

Bovada fulfills all of the above criteria better than other sites but 5Dimes does well, too. In fact, I’m confident in ranking those two as the best USA gambling websites specifically because they deliver so well in the areas related to safety and trustworthiness. A site without proper customer service and safety measures is not one you should deposit money to, regardless of its promotions and whatnot.

What Are Some Alternative Options?

For Sports Bettors

5Dimes.eu is the best betting site in the US for the following reasons: they’re professional-friendly and offer reduced juice betting lines (in other words, less house edge). Before betting on any game, I recommend taking a look at the odds 5Dimes is offering. They’ve been a reliable sportsbook for over 10+ years — you’ll find few complaints about 5Dimes online, and the ones you find have been resolved quickly.

For poker and casino games, I would go with Bovada. But for sports bettors, it makes the most sense to have an account at 5Dimes.

Another Solid Option

BetOnline.ag is my third suggestion. It’s not significantly better than the others in any area but they’re simply a solid option. Prompt cashout processing, decent poker traffic, good sports betting options and entertaining casino games. Additionally, I’ve had good experiences with their customer service.

For sports bettors, BetOnline is worth signing-up at simply to be able to compare betting lines among a few sites. For poker players, BetOnline may offer some good games every now and then (keep in mind: you can bet on sports and play casino and poker games with the same account, so plenty of gamblers will stumble on the poker games eventually). For casino gamblers, BetOnline has a basic but reliable offering.

BetOnline charges a 6% fee for credit card deposits.

Is It Legal to Play?

The definition of ”gambling” and the laws surrounding vary depending on which state you live in.

In Delaware, Nevada and New Jersey, some forms of online gambling have been legalized and regulated (only state-licensed sites are allowed to operate legally). In other states, it’s likely (although not widely agreed upon) that playing – and certainly operating – online gambling games for real money is illegal.

On a federal level, sports betting is the only form of prohibited gambling via the Wire Act of 1961. For several years, the Department of Justice (DOJ) maintained that the Wire Act applies to all forms of online gambling, but in December 2011, they corrected that stance by stating that the Wire Act only applies to sports betting – a result of a 13-page memorandum from the Office of Legal Counsel to the Criminal Division of the DOJ (source).

State laws, however, often indirectly prohibit gambling. Or to put it another way: it would be difficult to claim any forms of online gambling legal with absolute certainty in most states (lotteries and such aside). Most state laws indirectly prohibit gambling simply by making all forms of gambling unlawful that have not been made lawful.

Purely based on history, it’s unlikely you’ll get into legal trouble; then again, if something is illegal, you can get into trouble, and someone probably will. Gambling online may be illegal where you live. Contact a local gaming lawyer to get a better idea of your local laws.

Legal Troubles

Industry-changing events have taken place in the online gambling world – mainly concerning online poker – such as the UIGEA and Party Poker’s exit from the US market, or PokerStars’ exit from the US market in 2011.

Those crimes were committed by online poker operators, though, not players. Still, the mere fact that online poker companies were targeted was enough to cast a shadow over the legality of US online poker, and furthermore, players grew more and more worried about one of these sites getting shut down along with the money on their player accounts.

In fact, there is a legitimate reason to worry about dishonest US gambling sites taking your money. Some sites have indeed taken off with the money – a recent example is Lock Poker, which currently may owe its customers over $15 million. I created LegitGamblingSites.com mainly to give more exposure to the sites with strong track records of honest business practices.

The lawmakers, in that regard, have a point about not allowing unlicensed sites to provide online gambling games to US citizens. While that may not be the reason, it’s likely one of them. (If I had to guess, I’d say they’re more concerned about losing out on tax dollars and protecting the interests of brick & mortar casino owners such as Sheldon Adelson, although through the RAWA – Restore America’s Wire Act legislation – he tries to do that by himself.)

How to Move Money Around

Ever since the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) became a law, US citizens have had a more difficult time finding a suitable deposit method.

There are only a few left, actually.

The most common deposit method for US citizens is still credit card deposits, out of which VISA is the most widely accepted brand, followed by Mastercard, with American Express being a distant third. Cards must be eligible for both international and online transfers.

The alternative method is to use a money transfer service such as Western Union. Western Union is mostly a deposit-only method. (Bovada is an exception since they only allow you to withdraw money via a check.)

Why to use a money transfer service instead of a credit card?

• A card deposit fails to go through. This happens every now and then, and the only way to know if your card will be accepted is to try. According to various forum reports, Vanilla VISA is declined at most sites while Netspend VISA has been successful.

  Surprisingly, players have had problems with card deposits even at state-licensed sites due to banks like Bank of America outright declining all gambling transactions. Things will likely get better with the new MCC codes for VISA, Mastercard, American Express and Distant which will help casinos to identify gambling transactions more accurately. It’s unclear how much of a help this will be since banks still have the right to decline transfers marked with the new MCC codes, and due to not wanting to violate the UIGEA (according to which they’re prohibited from knowingly processing unlawful gambling transactions), banks may decide it isn’t worth it and keep cancelling transactions even if they were for state-licensed sites.

  This is expected to change once bigger states – perhaps even the biggest of them all, California – join internet gambling, since declining the transactions will then affect such a large percentage of any bank’s customer base.

• You want a faster cashout. While money transfer services cost more (many sites, like Bovada, allow one free check cashout a month), the money is usually delivered to be picked up at a local Western Union location in five days or less.
• You don’t want a check cashout. You need to go to a cashier to cash a check. Most people would rather avoid doing this, especially since banks aren’t allowed to knowingly process online gambling related transactions (unless in Delaware, Nevada or New Jersey, but people have had problems in those states as well).

In general, you’ll have higher transaction costs with money transfer services than with a combination of credit cards and checks. BetOnline and Bovada are the only major USA sites charging for credit card deposits and most allow one free check cashout per month – some, like True Poker, allow a free check withdrawal every seven days.

How to use a credit card/check combination?

1. Enter your credit card details online after which you have the money on your player account instantly.
2. When done playing, order a check cashout, which will take from a week to over a month depending on which site you’re dealing with.
3. Go to your local bank to cash the check.

How to use a money transfer service (like Western Union)?

1. Go to their website or a live Western Union location and send money to the gambling site. (You’ll need to contact the gambling site first to get their transfer details.)
2. When done playing, initiate the withdrawal from your player account.
3. Go to a live location to collect the money.

State-Licensed Sites

As mentioned, Delaware, Nevada and New Jersey have legalized and regulated some forms of real-money online gambling. Delaware started with online poker but has since expanded into casino games as well; Nevada offers online poker games only; New Jersey offers online poker and casino games.

As you can see, not a single one of these states offer online sports betting. In New Jersey – clearly the biggest market of the three – there’s a clause according to which sports betting may be considered to be added in the future.

Requirements

You must be physically located within a state’s boundaries to play at the licensed sites. If you’re currently located in California but live in Nevada, you’re unable to play until you return to Nevada; if you’re currently located in Nevada but live in California, you can play as long as you stay within Nevada’s state boundaries.

Licensed sites have to make sure nobody outside of the state can participate in the games. Geolocation – identifying exactly where a person is located – has been difficult, and there are still people who are unable to play even though they’re located within those states. This is one of the reasons licensed online gambling sites have done financially worse than expected.

Only existing brick & mortar casino owners within those states can apply for licenses, although they can apply together with an existing online gambling site in a software-licensing agreement, like Caesar’s Interactive and 888.com have done. If a poker site kept operating in the US after the UIGEA of 2006, it will be subjected to a ”bad actor” clause in Nevada and be prohibited from operating in the state for now.

Performance

Each state has had a rocky start, although New Jersey is doing OK. In March 2014, they did $11.87 million in revenue, which grew into $13.16 million in March 2015. A growth rate of 14.57% year-over-year is better than nothing, but still a far cry from the $1 billion within the first 7 months of operating Governor Christie expected (New Jersey gambling sites were launched in November 2013). In other words, his expectations were a little over $140 million a month on average, or about ten times the current revenue.

According to PokerScout.com, Nevada’s online poker revenue is going downhill. Year-over-year decrease in revenue of around 44% (from February 2014 to February 2015) is, no matter how you look at it, a disappointing result. Problems with card deposits and geolocation – both of which exist in other states as well – and player liquidity have undoubtedly contributed to the significant decrease. Players have to deal with fewer problems when playing at offshore sites, and as long as that continues, it will be difficult for state-licensed sites to gain major traction.

In Delaware, the state keeps all yearly revenue up to $3.75 million. Since total revenue for 2014 was around $2.1 million, gambling operators have made nothing. The main reason for such a low amount of revenue is Delaware’s population of 0.94 million (in comparison, New Jersey has a population of 8.9 million). Liquidity is important for online poker since you need lots of players to run games at various stakes, in several forms and throughout the day. Delaware is trying to improve its poker liquidity by combining player pools with Nevada but so far there hasn’t been a significant improvement to its online gaming revenue.

If all of the three states were to combine their player pools, it would create a poker economy of around 12 million people, which could add significant liquidity to the games and thus bring in more revenue to each of the states.

Offshore Sites

Gambling sites accepting US customers from outside of the three states are all ”offshore” sites, meaning they operate from outside of the US and have no license to operate within the US. They have obtained a license in some other jurisdictions – such as Antiqua & Barbuda or Panama – but many of those jurisdictions have less-than-stellar reputations.

The disadvantage of gambling at offshore sites is the lack of safety. For an outsider, it’s impossible to know how strict testing measures these sites go through to prove their legitimacy, and hypothetically, if one of them were to disappear from the internet tomorrow along with your money, what could you do about it?

Lock Poker, as already mentioned, is an ongoing example. They’ve now lost their license in Curacao (weirdly, they were able to keep the license easily over a year after refusing to process customer cashouts) and there’s nothing anyone can do to make sure Lock Poker’s customers have their money returned. All we can do is spread the word to the people who are considering signing-up and depositing money to their site.

The best thing you can do is consider the reputation of the site rather than the jurisdiction since all jurisdictions have had dishonest sites. The longer a site has been fully operational, and the fewer complaints it has generated, the better. Essentially, Bovada has been in the online gambling business since 2000 when Bodog.com was founded (the US-friendly operations of Bodog were re-branded as Bovada in 2011), and as mentioned, they’ve achieved an excellent reputation with a high level of customer service.

But there are advantages to playing at an offshore site, too, and you can legitimately argue that the advantages override the disadvantages. Offshore sites place fewer restrictions on customers, need less personal information and have to compete with lots of other sites (within US states, competition is limited) which forces them to be at their best in order to succeed. There are no geolocation issues either.

Safety and legality aside – although obviously, both are big considerations – offshore sites are the better option in almost every area. Since only three states have legalized some forms of real-money online gambling in the US, they’re the only places for internet gambling for around 96.4% of US population.

What’s Next?

US online gambling is in a transitional phase: after a long wait of legalization, three states have done it, mostly with lackluster success. Suggesting geolocation and deposit issues are resolved, revenue streams may grow. With online poker, though, most likely at least one of the bigger states has to legalize it and combine player pools with the others to create a meaningful poker economy.

A federal legalization would create much-needed competition and player pools, which in turn creates a bigger incentive for operators to participate and, in many ways, a better environment for gamblers. If internet gambling was to be legalized nationwide, every operator and their grandmother would want a license. As of now, it’s more beneficial for most operators to stay outside of the US.