How the UK Gambling Law Is Devastating for Online Poker
The U.K. has a new law that makes it illegal for gambling websites to process transactions for online gambling. The law, which took effect on October 2006, makes it illegal for gambling operators to receive or make payments to offshore gambling operations. The kicker is that payments by or to offshore gambling operators are not allowed. Outright gambling is still not illegal in the U.K., and plenty of people play games for the thrill rather than the winnings. However, this new law makes it even more difficult for players to use credit cards or debit cards to fund their online gambling accounts. Outlined below are three scenarios that may be applicable to you: 1) You have been offered a deal for one of the online casinos listed on 437.com (an independent, third-party online casino review site) for a signup bonus. As part of the signup bonus, due to payments restrictions the casinos have, you may have to meet a rollover requirement of 33 times your deposit by playing with just one credit card. Since the law stands at 2006, practically no one has achieved that rollover. Yet, there are three cases where the rollover happened and clearly shows just how tough it is to attain that 33 times rollover. While the law hasn’t really made it impossible to win money at online casinos, at least this time around, with the rollover you will now need to place a bet with more money in order to accomplish the rollover. Some one with inside information has surelySWJs over MasterCard and Visa. Then there are the cases where you simply can’t cash out your bonus or prizes from the casinos. One such recent case was discovered in an online casino review site where the veracity of the review was questioned. It’s not uncommon for casinos to alter the conditions of a bonus to require more bets than are actually placed. How exactly do they do that? Well, they have something called aphoton requirement. This term means they have to honour the bonus in full, however, if for instance you were required to place 100 bets with your bonus money then anyone who offered you the same amount would be able to cash out the $100 as if you had provided them with your own funds. On the bright side, there may be times that you’ll want to make your own bets. That’s completely up to you and how you want to make your money. Also, if you want to make your own bets without having to share the pot money with anyone else, you are in luck, there are many other sites that will let you bet on events like golf or tennis with your winnings. It is hard to imagine that the law will affect the online casinos that don’t offer signup bonuses, but it could; the main thing is that these places are just taking advantage of the situation while those that understand the law and are653rd have made the decision to leave the US market.
