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Offshore Gambling
by Jerry "Jet" Whittaker
Apr 13,
2007
Offshore gambling
Gambling is a game which involves betting money with an
intention of earning and additional amount on money
within a short period of time. Internet gambling
includes a variety of games such as horse racing,
football, casino, etc. But the point is that such type
of betting is not legal in some countries. This is a
hurdle for many gamblers. Therefore there are some
gamblers or companies who prefer to set up their
business overseas. That is they favor to play the game
in the countries where gambling is legal or the
countries who are more sympathetic towards gambling.
This is how gambling is done offshore and is called as
offshore gambling. Offshore gambling has become famous
because of the great opportunities that are made
available to the gamblers and their gambling houses.
The concept of offshore gambling has started from
1990’s. During this time one of the Caribbean island
called Antigua made the concept of online gambling
easier. This resulted in a huge rush of gamblers in the
Caribbean’s at that point of time. At the same time on
10th November the World Health Organization
favored the decision taken by the Antigua government.
This is how the offshore gambling gathered its
importance. The offshore gambling is possible only
because of internet. Since internet gambling is not
restricted for any place. Gambler from any part of the
world can bet for any game in any other part of the
world. There is no limitation on the location of the
game. The offshore gambling activity is most common in
United States. This is because online gambling is
considered illegal there.
There are some other problems except law that force the
gamblers or their companies to prefer offshore gambling.
The tax departments in some countries interfere in the
gambling affairs and make it compulsory for the gambler
to declare all the profits that they have made but, they
do not take into account the losses suffered by the
gamblers. This is the reason why gamblers prefer to do
offshore betting. In case of offshore gambling one
should be very much sure that the site with the help of
which you are gambling is safe in all respects. The
details of the credit cards and also your personal
details should be kept confidential.
Thus the
offshore gambling
business is more beneficial because the business can be
done even if the country of the gambler does not permit
it.
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