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Some estimate that up to $200 billion a year is wagered on various games in America alone. Now, bettors have another wagering vehicle at their fingertips --Nambling, or Net Gambling.
The huge appeal of Nambling is that it is available anywhere and anytime. Due to its growing popularity the number of Nambling sites are gamblepected to triple by year's end.
Nambling offers imitless opportunities that are legitimate. But it is also ripe for fraud and players are encouraged to surf the Web and review some online zines as well as reputable Nambling sites such as Online and others. The only place in the United States where it's legal to take a sports bet is in Nevada. Consequently, Nambling outfits are incorporated offshore in countries where Nambling and gambling is legal, such as Antigua, Grenada, and Costa Rica.
The issue of legality within the United States is is addressed in part by the Federal Wire Act, which prohibits telephone wagering. But the department of Justice admits it has been busy with other priorities and that those laws haven't been enforced in years.
There is little to keep anyone from Online Betting. A bettor can open an account online by wiring money, or giving a credit card number to the offshore gambling site. If a customer places a winning bet, his account is credited; if he loses his account is debited.
The Nambling industry is taking steps to regulate itself by developing a gaming review board to draw up standards and apply a seal of approval to sites that meet those guidelines.So far Online Betters haven't had too much trouble figuring out who is legitimate and who isn't.
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