Online betting is an activity that is gaining more ground around the world due to people looking for ways to gain more money. However, out of the people who invest in online betting, only less than one percent can confidently say that they are making a regular profit from online betting and that they could easily fend for their selves from the proceeds of online betting. This one percent includes those who defraud others by claiming they should pay them money to help them stake or forecast games only to end up disappointing them. Here are some of the dangers of online betting.

Losing all your money
A major danger of online betting is that you could lose all your money. A lot of people have been into betting and have lost money over time. In a lot of cases, not only do they lose the money they planned to spend on sports betting but they also lost all the money they had then. Perhaps they had just exactly what they would have carried them through the month or a little more than that. However, after losing the first stake, they decided that they would try to recover the lost stake and then stop. Within a few hours, they would have lost everything they have in their account and then become as good as stranded. Some people who invest money equivalent to what some of their friends lost to gambling few years ago have seen such investments grown to tens of thousands of dollars.

Addiction
Another reason why online betting is bad is addiction. A lot of people have decided that they would quit gambling but they are always back with the hope that they are going to win big. The ease with which betting websites can be accessed on phones and computers also make escaping from the addiction very difficult. In most cases, they have to go for therapy before they can successfully stop online betting. Those who are not careful enough, even after such therapy, sometimes go back to continue online betting at the slightest temptation.

Going into debt
Online betting or gambling has made a lot of people to go into debt. On the one hand, it has discouraged them from working hard as they strongly believe that it should be easy for them to make money from sports betting. Day after day they spend the little they have without really working to earn money. In a short while, they have emptied their accounts and cash. They would be forced to borrow from people or loan companies. The problem with this is that if they ever manage to win anything, it all goes into paying back debt. They subsequently take more debt and within a short time, they already have a huge debt they would need to work for years to clear up.

Depression and suicide
When they get to this situation where they have a huge loan and then realize they would never have had the loan if online betting can sort out the loan in the first place, they might be forced to commit suicide to escape the loan. Some people have become depresses because a singular game keeps making them lose their stakes of hundreds and thousands of dollars. They could commit suicide out of frustration.

Gaming rules are non-universal. It is safe to conclude that all countries in the world are classified into three different casino laws.

The first group is the countries where both online and land-based casinos are fully legalized. Another group is countries where only online casinos are considered illegal. And lastly are those where casinos are completely banned in any way (either land-based or online), and anyone caught playing a chip on the table (physical or online) would face the consequences.  

Of course, there are the country to country variations of the laws. So let’s examine some of the most influential countries when it comes to online casino rules and where they all stand.

Naturally, we won’t be able to cover every country out there, so we apologize if you don’t find yours on the list.

Online casino rules in Europe

Playing in Europe is relatively easy because most (if not all) of the forms of game are legal and perfectly regulated.

And in this case, casino in Italy, Spain, Germany, and the United Kingdom take the largest market. 

While most European countries have relatively easy online casino rules, there are equally a few exceptions. France and Iceland are two unique examples (not in a good way) – both have banned online casinos but allowed land-based.

Then also are Russia, Poland, Ukraine, Switzerland, and the Czech Republic, which has banned online casinos and bets in general.

What’s happening in America?

The United States are exceptional. Since Canada and Mexico have legalized online casino, North America seems to be okay with anything related to gaming. The United States can’t seem to figure out whether or not it loves or hate online casinos or gaming in general.

Undoubtedly, Nevada is totally fine with anything related to gaming, including online casinos, since Las Vegas is their top money maker.

Besides, Georgia, New York, New Jersey, and Illinois have declared their support for online gaming, and in fact, some online casino directly targets the U.S market.

Still, over 70% of foreign online casinos ban American players. But as an American, you’re still allowed to play in some online casinos even if it’s not legal in your state.

But things are divided into the southern part. Many southern countries seem fine with casinos, and they have this “as long as you don’t get caught” idea.

Peru, Argentina, Costa Rica, Panama, and Argentina have all regulated and legalized gaming, with many online casinos to play. 

While Brazil and Chile don’t directly support gaming and online casinos, these countries won’t hesitate to “let it go”, usually.

And Ecuador has got nothing on anyone playing in online casino sites. However, Cuba may be a red alert when it comes to casinos.

Conclusion

Irrespective of your location, online casino laws come in different ways. Either way, make sure you try out these online casinos and let your luck take over by playing tons of online casino games!

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