Online gambling, is it bad for your banking health?
Everywhere I've checked out, the sites have something hazy going on.
Here is just on ongoing site about a ton of online poker and casino sites not giving payouts and being ponzie schemes.
http://pokerfraudalert.com/forum/
I do not agree or disagree with this site or any other one this link leads to. Also, this linked site has some strange 50/50 litigation deal going on with a Lock poker organization court fight that itself looks shady and a losing proposition to any one filing a claim against Lock.
It's sort of like small claims court loss recover companies I know of that take a percent of the court winning judgements and the client is happy to get anything since they usually have given up in the years of trying themselves.
Again I don't support or have a judgement about this site, just saw it but thought it fit the way I was feeling reading all the other info about online problems. I do not have the confidence to risk any of my financial future on a off shore almost impossible to verify poker entity when so many are showing up with no payment complaints and litigation's.
This is not a poll and it doesn't matter to me if people stop by to attack or defend online poker/casinos. Just food for thought. I didn't really see the scope of this issue.
And yes, I understand Wov also supports and sells the online poker/casino concepts. This is about online poker/casinos in general.
gl
I would imagine that how one feels about this issue would relate directly to one's experiences. Myself, I've been burned three times, losing deposited/won funds that totaled about $750, There are also folks who have exploited online casino signup bonuses and promos and have had little trouble cashing out.
IMHO, it is foolish to trust one's money to an entity one cannot even identify or locate. What can you do if your money disappears? Often, you can't even determine the physical location of the casino, so you don't know where to file suit. Likely, it's in someplace like The People's Guava Republic and your money is gone for good.
As far as the poker sites are concerned, there have been numerous scandals, including the infamous Ultimate Bet fraud, where several world-famous poker players collaborated with "reputable" sites to defraud players of millions. Most of the money was never returned. Players who were ripped off had no legal recourse.
So I say, caveat emptor, which is Latin for "Only the very trusting should gamble online." And yes, there are plenty of people who've never had a problem with online casinos. However, I'm sure that there are people who have walked through Bedford-Stuyvesant at 3 in the morning in only their underwear and emerged without a scratch--but I still wouldn't believe them if they told me that it was perfectly safe to do so.
Quote: JoeshlabotnikThere are those on these forums who strongly advocate for online gambling, stating that the risks are minimal and in any event, worth the potential profit. Then there are those who are extremely wary of online gambling and would never risk any significant money doing it. I happen to be in the latter category.
I would imagine that how one feels about this issue would relate directly to one's experiences. Myself, I've been burned three times, losing deposited/won funds that totaled about $750, There are also folks who have exploited online casino signup bonuses and promos and have had little trouble cashing out.
IMHO, it is foolish to trust one's money to an entity one cannot even identify or locate. What can you do if your money disappears? Often, you can't even determine the physical location of the casino, so you don't know where to file suit. Likely, it's in someplace like The People's Guava Republic and your money is gone for good.
As far as the poker sites are concerned, there have been numerous scandals, including the infamous Ultimate Bet fraud, where several world-famous poker players collaborated with "reputable" sites to defraud players of millions. Most of the money was never returned. Players who were ripped off had no legal recourse.
So I say, caveat emptor, which is Latin for "Only the very trusting should gamble online." And yes, there are plenty of people who've never had a problem with online casinos. However, I'm sure that there are people who have walked through Bedford-Stuyvesant at 3 in the morning in only their underwear and emerged without a scratch--but I still wouldn't believe them if they told me that it was perfectly safe to do so.
Great answer. I guess it's really up to the person. But if online gambling is so great, why can't we legally do it in the United States? It can't all be because the US can't figure out how to tax the online industry. The online industry itself is probably as corrupt as most people think it is. How would I go after my funds from some office bank account in Brazil?
