Research Topic
Our research topic is about online gambling. In general, there are two kinds of online gambling which is online casino gambling and online sport gambling. Today, gambling becomes a massive industry worldwide. Until now, it has over 2500 sites which are offering about online gambling in several of country. After 2005 years, there are more than 100 casinos that use micro gaming software that company sells license to host their own online casino.
Reason for doing this topic
We decide to choose this topic because we are interested to know how the online gambling worked and how they can involved in this business industry. Besides that, we can get the online gambling knowledge about different rules and regulation in the different countries to avoid infringement.
Hence, in our report, we are going to have more discussion about online gambling in each domain.
The objectives of our research paper are to:
· At first, we want to know how online gambling work.
· Second, is the advantages and disadvantages of online gambling versus local bookies
· Third, how online gambling can attract customers to bet through website.
· Forth,is all the country allow online gambling? It is about legality in different country.
· Fifth, is the security and the challenges of online gambling system.
Report Outline
1.0 Online Gambling
1.1 Introduction of Online Gambling
1.2 Definition Online Gambling
2.0 How Does Online Gambling Work
2.1 Process of Online Gambling
2.2 Challenges Of Online Gambling System
2.3 Marketing Techniques Used By Online Gambling Sites
3.0 Comparing Online Gambling Sites With Local Bookies
3.1 Disadvantages To Users Of Online Gambling
3.2 The Ways To Avoid Online Gambling Scams
3.3 Advantages Local Bookies
3.4 Problems To Local Bookies
3.5 The Ways To Avoid Bookies’ Scammer
3.6 Similarities Of Online Gambling With Local Bookies
4.0 Security About Online Gambling
4.1 Licensing
4.2 Reputable Software
4.3 Certified Payouts
5.0 Legality Of Online Gambling In Different Countries
6.0 References
7.0 Appendix
Literature Review
Online gambling starts in about 1990s. It already become an active industry worldwide (Economy Watch). Because of percentage increasing people using internet, it make online gambling become more popular. The earlier operators that include sportsbook, online casino and others attract many gamblers to bet on website. Till now, it has already over 2500 sites which about gambling in several of contry. For example, www.ibc123.com, www.sbobet.com , www.888.com and others.
In Malaysia, it is prohibiting any online gambling (Accounting KL Management Service 2010). The government does not provide any licenses to open internet gambling sites. Although Ascot Sports Sdn Bhd submit a proposals to the government for getting a license, it is still reject by huge objection by opposition political parties after Umno supreme council meeting (T.K.Letchumy Tamboo 2010). However, online gambling is still allowed to other countries like United States, Australia (Gamling Planet.Org 2005-2010)
In the research report (Global Business Of Online Casino 2009), it believes that gambling industry will grow rapidly and even faster in the future. People feel relax and enjoyable to sit in front of a computer to gamble without go to the location of casino. To them, they feel that online gambling is more interesting. In general, there has two types of online gambling which is online casino and online sports. They can play any types of gambling in casino games whenever they want. These games include texas hold’em. Roulette, craps, blackjack, poker and others.
Online gambling is legal to place bet in some country. It can consider as a big and organized business that pay licensing fees to take bets. If gamblers want to bet through website, they need to create an account with the online gambling company. They will start deposit the money that they want to bet through many online transaction facilities like PayPal, e-Check, Click2pay (Bonus Track 2010). They can get “welcome Bonus” or “New Player Bonus” through creating a account. Then, they can start to log in the account and start to bet. Online gambling through company is more suitable because it is in a safety situation to bet and it can become a trustworthy gambling operation to gamblers in the long term. Besides that, gamblers can access the website in 24 hours a day. Gamblers can bet at any time and the odds are website is more accurately.
But, it meets great challenges from local bookies (innovative Marketing 2006). Some gamblers like bet through local bookies because they feel there are a few disadvantages of online gambling. For example, they need to deposit the amount that they want to bet. If a person who is always mad or no self control when he losing money, he may start chasing the losses and betting bigger and bigger in the hope to win back the money that he has losing. It is totally wrong because poorer gamblers are facing higher risks in the hopes of win back money. Of course, there are many cases that either these gamblers are successful pulling back money which is losing or losing all money they have. After they losing, majority of them want to get much money to bet again. Therefore, there are many criminal cases happen like stealing, robbery, embezzlement or making their lives or families suffer as a result. Not only that, it may have chances to gamblers having problems of downloading gambling software or facing virus that may affect their computers (Mary Landesman 2010). Each online gambling sites has different polices as to withdrawal amounts, however when it comes to the time, the process can be more consuming.
By the way, it still has many challenges to online gambling business. It includes high cost to set up a new online gambling system. If the system goes into risky, it needs professional skill person to control and repair complicated system again. It also needs a higher maintenance fees to keep up to date to prevent virus affect the system. It will cost a big amount of money. Not only that, it is very expensive to get a license and some government does not permit any online gambling in their country.
Furthermore, there are many cases that gamblers have been scammed (Stacy Mattingly 2010). Therefore, they need to do a few steps when they want to make a deposit. Firstly, they need to choose the website which is legal by searching that website and checking whether it is safety or on reputable. IF they cannot find any information that related to that website, this means that the website cannot be trust. Secondly, they need to ensure that they have good anti-spyware or virus protection. Thirdly, all emails that send to gamblers should be ignored and not be trusted. Gamblers shall not simply disclose any private information to the strangers. Lastly, gamblers should not make a loan to other gamblers. It is because there are many liar on internet and just want to gain your trust. So, gamblers needs always to identify what is real or fake to avoid being scammed.
However, nowadays most of websites are using 128-bitSSL digital encryption to ensure that all transaction of accounts is safety. It can give high protection to keep customers information into private to avoid getting hacked. Besides of SSL, Verisign Identity Proctection(VIP) also increases the level of banking security too (Han Dong 2009). Despite of that, gamblers can look through the licensing, reputable and certified payouts of company.
Now, I want to talk about why so many people prefer local bookies. Normally, they usually distributed in restaurants, parks or even schools or university (Christopher Hoffman 2009). They do not need to waste big amount money to get the license as well. They just need to refer the website and start to process this business. To the gamblers, they do not need to deposit any money to local bookies. When gamblers are really losing money, they can ask local bookies to add up credit without deposit any cash at the time. This means that, they still have the chances to win back the money that they losing.
Not only that, local bookies are able to pay them on a win and provide good quality service to attract them back to continue their bet. Of course, there are still many gamblers don’t like bet through local bookies. It is because local bookies always give a big credit amount for them to bet. Then, gamblers will feel relaxed and simply bet without control. At last, they lose all money in the credit. If they do not have enough cash to pay when making payment once a week, bookies will start to give a loan to them (David Korten 2010). After that, gamblers will continue to bet again and lose more and more. If gamblers do not have any money to pay to loan, then local bookies will start collect money from gambler’s family. At last they will go into bankruptcy. Furthermore, they are also many cases than local bookies disappear when gamblers win a big amount of money. Some of them even worse and asking gamblers do not ask money from them. If not, they will get the punishment.
So, if gamblers really want to bet through local bookies, they need to know whether that local bookie is enough faith or not. They can try to ask from their friends about that bookie. However, if a bookie that has been working for many years and have a good reputation, it is high percentage for gamblers to consider through this type local bookie.
Nowadays, there are more and more people do the job as bookie. But, they’re sure having a “boss” to support them behind. Some of bookie attracts students by teaching them how to earn commission money. The way is written in the blog as well. This also caused many gangsters and criminal cases happened.
In conclusion, online gambling will grow rapidly worldwide as well. So, gamblers are encouraged to bet through online gambling website. It is better to trust an “online gambling company” rather than a “human”. The trustee online gambling company has strict laws but local bookies do not. Therefore, gamblers will always don’t know when the local bookies in good faith are or not. It is considers as a “time bomb” for gamblers.
Major References
Journal References
Casino Top10, “Online Gambling Security”, Viewed 25 September 2010, http://www.casinotop10.net/security-and-online-gambling-552.shtml
This article is explores in detail about security of online gambling in the advance technology. In turn to be sure that the online gambling is safe to play in, ensure that the gambling site is registered and approved by the e-Commerce Online Gambling Regulation and Assurance organization. The customer privacy were fully secure and must not disclose to the third party especially any transaction was involved. We decide to use this article as the cultural and security factor are affecting internet gambling.Before gamblers want bet through online, they need to research about the casino background whether it has a legal licenses or not. If it dun has any license, this mean that it is illegal and gamblers should not play at there.
Economy Watch, Online Gambling Industry, Viewed 17 September 2010, http://www.economywatch.com/world-industries/casino/online-gambling-industry.html
These articles are about the factor that growth of online gambling industry in worldwide. It also concerns about different kinds of online gambling games and some legal online gambling countries information. We decided to use this article as the points to help us how geographical and demographical on the online gambling pattern are affecting to the online gamblers.
Online Betting.me.uk, How Does Sports Betting Work, viewed at 19 September 2010, http://www.online-betting.me.uk/articles/how-does-sports-betting-work.html
This journal article is specifically about “how does sports betting work online”. It provides useful information to online gamblers, make sure they understanding different kinds of odds when they do the betting. We decide to use this article because the gambling website to attract more customers, the company need offer more benefit and give confidential to customer to join their online gambling website. Furthermore, gamblers can access the website 24 hours a day. It is impossible that local bookies can provide this function
Start Casino.com, Online Betting Legal Issues, viewed at 19 September 2010, http://www.startcasino.com/legal.php3
This article is introducing legality of online gambling and when the online gambling rules and regulation established in different countries. It is the serious offence if the company running online gambling business through internet without the license. We decide to use this article as it provides specific online gambling legislations for different countries. This has helped us to understand the online gambling regulation in different country to avoid contravention occurs during online gambling.
List of other references:
Ed Grabianowski, A Discovery Company, How Online Gambling Work, viewed at 19 September 2010, http://entertainment.howstuffworks.com/online-gambling.htm
Ezine Articles, The Advantages Of Online Gambling, viewed at 22 September 2010, http://ezinearticles.com/?The-Advantages-of-Online-Gambling&id=99468
Fair Online Gambling, Introduction to Online Gambling, viewed at 21 September 2010, http://www.fair-online-gambling.com/casino/fog-introduction-to-online-gambling.html
Frank Belanger, Bookie Buster, How To earn more money, viewed at 22 September 2010, http://www.golden-systems.com/
Gambleaware.co.uk @2007~2010, Gaming Zion, Sports Betting In Malaysia, viewed at 19 September 2010, http://gamingzion.com/sportsbook/malaysia/
Sarah H, Ezine Articles, How Does Online Betting Work, viewed at 19 September 2010, http://ezinearticles.com/?How-Does-Online-Sports-Betting-Work?&id=1967030
Sports Betting, Corner Bookie or Online Sportsbook, viewed at 22 September 2010, http://www.ehow.com/how_5096962_bet-online-vs-local-bookmakers.html
Speech From Local Bookie “Ah Wei-Taukei” On 27 September 2010
