Online gambling is a relatively new concept, and for that reason, there’s still a lot of confusion floating around it. Most people don’t understand how online casinos work or how they are regulated and this is where the safety question arises. Is it even completely legal or will get I get in trouble for online betting? These are just some of the issues that most people don’t understand when it comes to online gambling. In this section, we are going to shed some light on some critical questions a lot of people have about online gambling.
What Is Online Gambling?
Gambling, or betting, is the term used to describe the act of wagering or placing bets on the outcome of certain events. The said event could be a casino game such as slots or blackjack. It could also be a sporting event such as a football match or horse racing. If the outcome of the event is as you predicted, you win the bet and get a payout and vice versa.
Traditionally, gambling has always been done in land-based casinos. However, the advent of the internet in the early 1990s changed that. Today, online betting has risen in popularity and the number of people frequenting online betting sites is increasing by the day; you can easily tell from the number of online casinos. Online gambling is simply the act of placing a bet via a gambling website as opposed to a land casino.
Is Online Gambling Legal?
In general, all forms of gambling are legal in the UK. You won’t get in trouble with the law for betting online — or in a land-based casino for that matter. But that hasn’t always been the case. In the olden days, any type of gambling done outside of the racecourse was deemed illegal. That all changed in 1963 with the passage of the Betting, Gaming and Lotteries Act. This legislation regulated UK’s gambling scene for many years until the Gambling Act of 2005 took over.
Gambling Act of 2005 modernized the country’s gambling laws. The new act meant that anyone who wishes to gamble can simply walk into a casino or sign up online and start betting. With the Gambling Act of 2005, online casinos are free to set up shop in the country. This was not possible under the previous legislation. The Gambling Act of 2005 established government bodies such as the Gambling Commission whose job is to oversee commercial gambling in the country.
Online Gambling Safety
If you are considering online gambling, there are few things you need to keep in mind. First and foremost, there is a high number of good and bad casinos on the internet. Choose where you play carefully and look for information about regulations. The best online casinos are regulated by reputed and respectable agencies. Is the casino properly licensed? If you can’t find this information, move on to the next one. Also, if you find yourself having doubts about how the website goes about its business, leave immediately.