There's a really interesting post on the subject here...
http://www.bettingbots.com/blog/?p=60
The writer says...
"The new law in my eyes, and in the eyes of many, is just a cowardly and ineffective move of the US government to stifle the online gambling industry."
...and I couldn't agree more! :-)
2006-10-28 15:04:01
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answer #1
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answered by Anonymous
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Online gambling is NOT illegal. There has been a bit of confusion in regard to this matter. The new law does not make playing poker or any other online gambling a criminal act. The regulations apply to banks and financial institutions. There is no record of the government going after an individual for wagering online.
Lottery is purely a game of chance. There is no strategy or system that will help you to make a profit playing the lottery.
Poker is a game of skill. During any one hand, it may be 90% luck and 10% skill. However, over the long term, it is more like 90% skill and 10% luck.
I would suggest that anybody who plays poker online to go to http://www.pokerplayersalliance.org/ and sign up. They are trying to make financial transactions to online poker rooms exempt from the new law. They are a non-profit organization and you will receive a free t-shirt and pin when you join.
I also suggest that anybody interested in getting the facts on this law, go to http://www.cardplayer.com/poker_law. They have the best information I have seen in regard to the new law.
If you were a player at Party Poker, Pacific Poker or Paradise Poker, I suggest that you play at Poker.com. They are a private company who has stated they will continue to accept US poker players. Visit their site at:
http://www.pokercs.com/_53843fdc33aad464535133a092db74fe/
Use code FREEDOMFREEROLL with your first deposit and you will receive an entry into the $5,000 Freedom Freeroll, an entry into a $500 freeroll, and a 100% Reload Bonus up to $500.
Good Luck at the tables!
2006-10-25 08:48:24
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answer #2
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answered by sange 2
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Huge difference....absolutely huge.
In that you are wagering money on an outcome that relies on some unpredictability- yes - they are both gambling...but that's where the comparison ends.
The lottery is a game of 100% luck - with EXTREMELY low odds of being successful. There is no skill whatsoever - and the chances of you winning the big prize are absolutely astronomical. The lottery is a losing proposition to the vast, vast, vast majority of players (far less than 1% I'd imagine).
Poker, however, is a game of skill. Unskilled players might not believe it- but those unskilled players are 100% incorrect. Yes - there is a luck factor involved in the game (like, for example, in backgammon).......on any given night - a bad player might win money from a good player because of that luck factor - however - over the LONG RUN (professional poker players will tell you that poker is just one long lifetime game) - the money will ALWAYS flow from the bad players to the good players. Like in backgammon - a few lucky rolls of the dice, and an average player can beat a world champion....however, if those 2 players play 100 tournaments, the world champ will win most of the games.
There is evidence of what I'm saying. First off - there are TONS of poker strategy books - some of them good, some of them great, some of them bad. I'm unaware of any possible lottery "strategy" that could ever be developed (other than simply the suggestion to "not play").
Also - there are professional poker players....I'm unaware of any professional lotto players. Professional poker players have enough skill to overcome the luck factor approximately 2/3rds of the time - it's not that these players are "luckier" than the Average Joe....it's that they understand the game & are aware of winning poker strategy.
2006-10-25 06:36:15
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answer #3
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answered by captain2man 3
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Fallow the money. The two major exemptions in the new law are horse racing and state lotteries. Both of which provide a tremendous amount of tax revenue to the states that run them. They justify the that the money is used for education, law enforcement or other infrastructure improvements that seem to offset the evil of gambling. Never mind the potential for billions of new revenue that they could gain by regulating on-line poker instead of outlawing it. The video below explains why they would do that better than I can.
2006-10-25 12:52:47
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answer #4
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answered by DarkWolf 4
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It's ALL about money. Lottery winnings are taxed, thus a source of revenue for the government. Online poker is unregulated, those winning go untaxed by the government. Ever hear the expression "Follow the money?"
2006-10-25 06:33:48
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answer #5
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answered by jim 6
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lottery is cheap, ez, but rare chance of winning
poker is not gambling....its a game of skill where the person that can count cards, read other players, remember betting patterns, have balls, and make themselves unreadable wins.
2006-10-25 06:30:57
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answer #6
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answered by Mr.Moo 4
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You've got more chance of winning at Poker.
2006-10-25 06:28:19
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answer #7
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answered by John P 4
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my initial thoughts on it were the same as jims, n he may b right.
but as i thought about it i realized that its probably the casino industry and other legal gambling's lobbyists that have swayed their politicians.
2006-10-25 11:11:10
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answer #8
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answered by john 2
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poker is legally determined as a game as skill......it is I won 600 last night....
Justin
2006-10-25 08:15:29
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answer #9
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answered by Anonymous
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It's NOT illegal. Go to my home page and press the PANIC button!
2006-10-25 11:21:29
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answer #10
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answered by Father Ashley 4
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