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Online Gambling Guide by Jerry Whittaker…
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"I have put together an Online Gambling resource center that focuses on the best
online gambling games as well as the best gambling sites to increase your odds of winning."
- Jerry Whittaker        
 

Online Gambling Resources

by Jerry "Jet" Whittaker
July 8, 2006


Internet is one of the greatest inventions of the century and no one among the humanity can argue over it. It made the world a small place to live in than ever. Now every person can talk to another one from the other side of the world. It's a big community where you know that each and every person knows you and also you know all the persons. Nowadays, most of the people use the net to get information, to chat with other people and to play games and not before long users found out that there's something missing in the colorful atmosphere of the web or the Internet casinos. It took few years and a lot of cash and efforts to develop the Internet casino industry but at least it happened the first online casino was launched and the company that operated it showed apparent profits from day one.


Online gambling- a rapid business


Online gambling is growing in an incredible speed, while the history of the industry is still as new as the Internet itself. The world's first effective online casino started operating on August 18, 1995 with 18 different casino games, online access to the National Indian Lottery, and plans to launch an Internet sports book. In all, according to Rolling Good Times Online gambling magazine, there are 452 gambling-related sites on the web and more are up and doing good every day. Site users can either send cash through one of the companies proffering secure payment methods for the Internet or open an offshore account, a requirement for Americans to use some sites. Bets can be as small as a nickel for certain slot machines and go into the thousands of dollars.


Economic structure of the online gambling


The economics of the industry are unbelievable. While it may cost up to $300 million to build a new resort casino, some effective casinos were developed for only $1.5 million and employ only few individuals as opposed to thousands at traditional casinos. ICI approximates that the company averages about a twenty four (24%) profit margin, vs. the typical U.S. casino, which ranges between eight percent (8%) to sixteen (16%) of each dollar wagered. Interactive Gaming & Communications' Sports International handled $48 million dollars in its first year of 800 telephone line operations and prepared an astounding profit.

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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