Category Archives: Gambling

HAMILTON TWP., N.J. - Since online sports betting was legalized in New Jersey in 2018, phones at 1-800-GAMBLER have been ringing off the hook. The confidential line that serves all of New Jersey and parts of Pennsylvania, including the Lehigh Valley and Philadelphia-area, is expected to get even busier as March Madness approaches.

"Good morning. This is the 800-GAMBLER Helpline. Phil speaking," is how 1-800-GAMBLER peer support specialist Phil Glick answers countless calls.

Losses range from $2,000 to $500,000 among those Glick talks to about their problems with online sports betting.

"The money is part of it, but it's not the number-one issue," said Glick. "It's what's going on in their brain."

He knows, since he considers himself a gambling addict in recovery, for nearly four years.

"I was probably 30 days away from prison, insanity or death," said Glick.

But he got help and uses that first-hand knowledge to give back to others. It's been needed, especially during the pandemic.

"People are inundated with advertisements," said Felicia Grodin, the executive director at the Council on Compulsive Gambling of New Jersey.

"Wake up in the morning and oh what teams are playing? What games are going on? During the game, they're eight to 10 ads about gambling sites," said Glick.

Everything's at the tip of your fingers, until you have nothing left.

"When people call here, they're at their lowest point," said Glick. "Often, they want to stop and can't stop."

Lots of people give fake names, which Glick doesn't mind, since he's just happy they're getting help.

When necessary, Glick connects callers with mental health professionals.

Other times, he sets them up with software to block sports betting programs, gets them into Gamblers Anonymous meetings, introduces them to counselors or gets them on the state self-exclusion list.

Then, there's conversations with family members, where he tells them you can love someone, without loving what they're doing, and to stop sending money that can fuel an addiction.

"That's a tough piece of advice to give," said Glick.

Last year, the Garden State broke records, when nearly $11 billion was wagered in sports betting, generating over $100 million in tax revenue.

The American Gaming Association reports New Jersey had the most sports wagering handled for 2021.

However, the negative impacts of online sports betting have prompted some to ask: is it worth it? Glick answered that question with more questions: "Is New Jersey debt free? Are the roads perfect? Is every school awesome?"

It's something each person can decide for themselves.

The New Jersey Division of Gaming Enforcement wasn't available for an interview.

It said in a statement, "We do have many responsible gaming protocols in place. For example, there is the DGE self-exclusion list, where patrons who wish to can exclude themselves from playing at both the brick-and-mortar casinos as well as online gaming and sports wagering sites. We also offer an online-gaming-only self-exclusion option."

The state says as of the beginning of February, there were 2,009 individuals self-excluded from Atlantic City casino properties, which also includes online gaming websites. 12,646 people chose the online-gaming-only self-exclusion option.

The Division isn't who decides, whether gaming or wagering policy or law, but it focuses on compliance with existing rules and laws.

Glick acknowledges many wager small amounts as a hobby but insists there's a huge need to save those in too deep.

"We have 45 or so providers in the state that have been approved, gone through our training to deal with this addiction," said Glick.

The Council on Compulsive Gambling of New Jersey says that's not enough to deal with the increasing need.

"It's a hidden addiction, and it's one that needs to be paid attention to to a much greater degree," said Grodin. "I believe that the state needs to partner with us to administer a joint public service announcement, much like those that were done for alcohol and drug addiction."

"They can't have it one way of, 'we're gonna allow all this legal gambling, and then we're not gonna have the resources to deal with it," said Glick.

The Division says the distribution of gaming-related funding is governed by the Casino Control Act. In the meantime, Glick is focused on providing support, treatment, and most importantly, hope.

"If they give it a real effort for 30 days, they're going to see some light at the end of the tunnel," said Glick.

Glick says if you know someone who has a gambling problem, try your best to slow it down.

"If it's a son or daughter, or a parent who's getting up there in years, take control of their money if you can, if they will let you do that," said Glick.

He also recommends calling companies your loved ones owe money to.

"Say, 'can you close this account? Can you put a hold on this account? We'll pay. We're going to pay you back what's owed, but we may do it over a number of weeks, months or years," said Glick.

The 1-800-GAMBLER website has links to dozens of different kinds of resources.

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A day in the busy life of a gambling help expert, as NJ's online sports betting continues to break records - WFMZ Allentown

An FBI logo is pictured on an agent's shirt during the U.S. law enforcements raid on Russian oligarch Oleg Deripaska's property in the Manhattan borough of New York City, New York, U.S. October 19, 2021. REUTERS/Carlo Allegri

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Feb 23 - An FBI agent with the agency's New York office has pleaded guilty to making what his lawyer called a "terrible mistake" by misusing $13,500 of government money to gamble at a casino while in Las Vegas for an investigation in 2017.

Scott Carpenter, 40, pleaded guilty on Tuesday in federal court in Las Vegas to a misdemeanor count of conversion of government money under a plea deal that calls for the FBI agent to receive a sentence of probation.

Paul Fishman, a former U.S. attorney for New Jersey now at Arnold & Porter Kaye Scholer who represented Carpenter, said prosecutors recommended probation in light of his acceptance of responsibility and "otherwise exemplary service" with the FBI and U.S. Army.

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The charge carries a maximum sentence of up to a year in prison. U.S. District Judge Gloria Navarro scheduled his sentencing for May 18.

Prosecutors said that from July 27 to July 31, 2017, Carpenter and three other agents with the Federal Bureau of Investigation traveled to Las Vegas to conduct an undercover operation.

After the operation was completed, Carpenter went to a casino's high limit room, where he gambled on blackjack with $13,500 belonging to the government.

"Four years ago, Scott made a terrible mistake," Fishman said in a statement. "He immediately acknowledged his conduct, reported it to his superiors, sought professional help for his alcohol problem, and made arrangements to repay the FBI."

The case is United States v. Carpenter, U.S. District Court for the District of Nevada, No. 22-cr-00022.

For the United States: Daniel Schiess of the U.S. Attorney's Office for the District of Nevada

For Carpenter: Paul Fishman and Mindy Gorin of Arnold & Porter Kaye Scholer

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Our Standards: The Thomson Reuters Trust Principles.

Nate Raymond reports on the federal judiciary and litigation. He can be reached at nate.raymond@thomsonreuters.com.

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FBI agent pleads guilty to gambling with government money - Reuters

DUBLIN--(BUSINESS WIRE)--The "Online Gambling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global online gambling market reached a value of US$ 72.3 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 131.4 Billion by 2027, exhibiting a CAGR of 9.96% during 2022-2027.

Companies Mentioned

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Online gambling, or virtual gambling, refers to betting on casino or sports-based activities over the internet. In comparison to in-person gambling, online gambling does not involve physical interaction of players and all the sessions are moderated by computer programs. Players can virtually play various games, such as sports betting, blackjack, poker, roulette and slot machines. They can download gambling software on their personal computers or can play through a website. Online gambling offers various benefits, such as cashless transactions, accessibility through any electronic device, customizable budget and real-time gambling experience for the players.

Rapid urbanization, along with the increasing penetration of the internet across the globe, is one of the key factors driving the growth of the market. Furthermore, legalization and cultural approval of online betting in various developed countries are also providing a boost to the market growth. Online sports companies are also attaining high-profile sponsorships with various football and racing clubs, which helps attract new users. In line with this, convenient access to online casinos that can be used through mobile phones is also creating a positive impact on the online gambling industry.

Various technological advancements, such as the development of virtual reality (VR) and blockchain tools, are acting as another growth-inducing factor. These technologies aid in maintaining the transparency of gambling activities and provide an immersive experience to the player. Other factors, including increasing expenditure capacities of the consumers, along with the advent of bitcoin gambling, are expected to drive the market further.

Key Questions Answered in this Report

1. What is the market size for the global online gambling market?

2. What is the global online gambling market growth?

3. What are the global online gambling market drivers?

4. What are the key industry trends in the global online gambling market?

5. What is the impact of COVID-19 on the global online gambling market?

6. What is the global online gambling market breakup by game type?

7. What is the global online gambling market breakup by device?

8. What are the major regions in the global online gambling market?

9. Who are the key companies/players in the global online gambling market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Online Gambling Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Game Type

7 Market Breakup by Device

8 Market Breakup by Region

9 SWOT Analysis

10 Value Chain Analysis

11 Porters Five Forces Analysis

12 Price Indicators

13 Competitive Landscape

13.1 Market Structure

13.2 Key Players

13.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/4m935v

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Insights on the Online Gambling Global Market to 2027 - by Game Type, Device and Region - ResearchAndMarkets.com - Business Wire

The USFL completed its draft Wednesday, which means the Houston Gamblers now have a roster of 35 players, including five with NFL experience.

The Gamblers look like they'll go with former Northwestern star Clayton Thorson at quarterback. Thorson was a fifth-round draft pick in the NFL, but never saw the field during the regular season.

The Gamblers appeared to do well at defensive end, getting two guys - Chris Odom and Ahmad Gooden - who played in the NFL.

There also will be some Texas flavor on the team with former University of Houston cornerback Howard Wilson and Baylor punter Drew Galitz. Kevin Sumlin, the head coach of the Gamblers, also drafted offensive guard Avery Gennesy, who played for Sumlin at Texas A&M.

The Gamblers, who are one of eight teams in the USFL, open training camp March 21 and the first regular season game is April 16. All games will be played in Birmingham, Ala., in the league's first season.

Keep scrolling to learn more about each guy drafted by the Houston Gamblers ...

Quarterback Clayton Thorson of the Philadelphia Eagles in action against the New York Jets in a preseason game at MetLife Stadium on August 29, 2019 in East Rutherford, New Jersey.

Clayton Thorson, NorthwesternKenji Bahar, Monmouth

Thorson was the fifth quarterback taken in the USFL draft behind, Shea Patterson, Jordan TaAmu, Bryan Scott and Ben Holmes. Thorsen, who led Northwestern to bowl games in all four years as a starter, was picked in the fifth round of the 2019 NFL Draft by the Philadelphia Eagles. Thorson never appeared in an NFL game, but was on the Dallas Cowboys practice squad in 2019 and the New York Giants practice squad in 2020 and 2021. Bahar, who was the 12th quarterback taken in the draft, was the Big South offensive player of the year when he played at Monmouth, but went undrafted in 2020. Bahar was on the Baltimore Ravens practice squad for a week in 2020 and was on the Ravens active roster for a week in 2021, but never saw game action.

Dalyn Dawkins (28) of the Tennessee Titans runs without a helmet as Ben Jones (60) gets hit by the lid after a facemasking call against Josey Jewell (47) of the Denver Broncos during the second half of Tennessee's 16-14 win on Monday, September 14, 2020.

Dalyn Dawkins, Colorado StateMark Thompson, Florida

Dawkins, the nephew of Hall of Fame safety Brian Dawkins, is Colorado States third-leading rusher of all-time. He spent parts of two seasons with the Tennessee Titans, rushing for 26 yards on 11 carries in his short NFL career, including 24 yards on nine carries in a 2019 loss to the Saints. Thompson played college ball at Florida and spent time on the practice squads for the Baltimore Ravens and Detroit Lions. Thompson has been arrested twice in the past four months one was a November incident in Gainesville, Fla., where hes facing felony assault and robbery charges and another was from October when he allegedly slapped a Gainesville parking enforcement officer.

Isaiah Zuber #19 of the New England Patriots is pursued by Michael Ojemudia #23 of the Denver Broncos during the first half at Gillette Stadium on October 18, 2020 in Foxborough, Massachusetts.

Isaiah Zuber, Kansas StateJojo Ward, HawaiiAnthony Ratliff-Williams, North CarolinaTyler Simmons, Georgia

Zuber, who starred at Kansas State and Mississippi State, went undrafted in the NFL butappeared in two games for the Patriots catching two passes in 2020. He spent parts of last season on the practice squad for the 49ers, Browns and Jets. The 5-foot-9 Ward, who is from Waco, starred at Hawaii and spent the 2020 season on the Arizona Cardinals practice squad. Ratliff-Williams played at North Carolina and Simmons played at Georgia.

Brandon Barnes of the LA Wildcats makes a catch during the XFL game against the Tampa Bay Vipers at Dignity Health Sports Park on March 8, 2020 in Carson, California.

Brandon Barnes, Alabama StateJulian Allen, Southern Miss

Barnes, who was the first tight end taken, was one of the best tight ends in the 2020 version of the XFL, catching 12 passes in five games for the L.A. Wildcats. Allen played at Southern Miss and briefly was in training camp with the Cleveland Browns.

Head coach Kevin Sumlin of the Texas A&M Aggies high fives Avery Gennesy #65 of the Texas A&M Aggies during the first half at Vanderbilt Stadium on November 21, 2015 in Nashville, Tennessee.

Brandon Hitner, VillanovaAvery Gennesy, Texas A&MJohn Yarbrough, Richmond

Gennessy was recruited to Texas A&M by Kevin Sumlin, who is the Gamblers head coach. Gennessy played for the undefeated Houston Roughnecks in the 2020 XFL season. Hitner went undrafted out of Villanova, but spent time in the Los Angeles Rams training camp in 2019. Yarbrough spent last season in the CFL.

Nick Buchanan #66 of the Florida Gators reacts following the game against the Tennessee Volunteers at Ben Hill Griffin Stadium on September 21, 2019 in Gainesville, Florida.

Nick Buchanan, Florida

Buchanan was a two-year starter at Florida, but went undrafted in 2020.

Michigan State Spartans offensive lineman Tyler Higby lines up for a play during the second quarter of the Michigan State Spartans versus the Penn State Nittany Lions game on October 13, 2018, at Beaver Stadium in University Park, PA.

Tyler Higby, Michigan StateTerrone Prescod, NC State

Higby, who is from Houston and went to Kinkaid, started 30 games at Michigan State, including 21 at left guard and seven at left tackle. The 6-foot-5, 335-pound Prescod went undrafted out of NC State in 2019 after starting 16 games in his career at left guard and right tackle.

Kyle Allen of the Carolina Panthers reacts after his last play on offense as Washington's Chris Odom watches on during their game at Bank of America Stadium on December 01, 2019 in Charlotte, North Carolina.

Chris Odom, Arkansas StateAhmad Gooden, SamfordDrequan Brown, Central Oklahoma

Odom, who went to Arlington Martin High School, was undrafted out of college, but played seven games with the Packers in 2017 and four games with Washington in 2019. He recorded two sacks in a Washington win over Carolina. Gooden played three games for the Broncos in 2019. He spent a week of the 2020 season on the Buffalo Bills practice squad. Brown played his college ball at Independence Community College, Northern Illinois and Central Oklahoma.

Tomasi Laulile of the Dallas Renegades looks on before the game against the Seattle Dragons at CenturyLink Field on February 22, 2020 in Seattle, Washington.

Cory Thomas, Mississippi StateTomasi Laulile, BYUDomenique Davis, UNC-Pembroke

Thomas played in 39 games six starts in his four seasons at Mississippi State. Laulile didnt begin playing football until his junior year in high school, but went on to start three games in college and play in the XFL. He also worked out for the Texans in 2018. Davis had three sacks his senior season in college then signed with the Jets as an undrafted free agent but didnt make the team.

Beniquez Brown of the Houston Roughnecks reacts to a play during the XFL game against the Dallas Renegades at Globe Life Park on March 1, 2020 in Arlington, Texas.

Beniquez Brown, Mississippi StateReggie Northrup, Florida State

Brown was one of the top linebackers in the AAF and then with the Houston Roughnecks in the XFL in 2020. After starring at Florida State, Northrup played in the AAF and XFL as well as dabbling in mixed-martial arts where hes 5-0.

Donald Payne #54 of the Jacksonville Jaguars celebrates after a goal line stop during the fourth quarter of a game against the Tampa Bay Buccaneers at TIAA Bank Field on December 01, 2019 in Jacksonville, Florida.

Azeem Victor, WashingtonDonald Payne, StetsonDrew Lewis, Colorado

Victor was a sixth-round draft pick by the Las Vegas Raiders in 2018, but he didnt make the team out of training camp. He spent part of that season on the practice squads for the Tampa Bay Buccaneers and Seattle Seahawks but never appeared in a game. The 27-year-old Payne is the most experienced player on the Gamblers roster, playing three seasons with the Jacksonville Jaguars, including five starts in 2019. Lewis made 193 tackles in three seasons at Colorado.

Jamar Summers, UConnWill Likely, MarylandHoward Wilson, HoustonJerry Cantave, William Jewell College

Summers played in the AAF and was a first-round pick in the XFL, playing for the New York Guardians in 2020. Likely was an All-Big Ten first-team punt returner in college and spent time in the CFL and XFL. Wilson was a fourth-round pick out of the University of Houston, but never played a game, missing his first two seasons due to injury before being waived in 2019.

Andrew Soroh #30 of the New York Guardians looks on before the XFL game against the Dallas Renegades at Globe Life Park on March 7, 2020 in Arlington, Texas.

Andrew Soroh, Florida AtlanticManny Bunch, Tulsa

Soroh was with the Kansas City Chiefs in training camp in 2019 and 2020, but didnt make the team. He played for the New York Guardians in the XFL in 2020. Bunch started 18 games at Tulsa.

Baylor Bears punter Drew Galitz punts the ball during the first quarter of the game between the Baylor Bears and the West Virginia Mountaineers on October 25, 2018, at the Mountaineer Field at Milan Puskar Stadium in Morgantown, WV.

Drew Galitz, punter, BaylorNick Vogel, kicker, UAB

Galitz, who is from Rowlett, was a two-time All-Big 12 punter at Baylor and played for the Dallas Renegades in the XFL. Vogel kicked for the BC Lions in the Canadian Football League in 2021.

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Here's how the Houston Gamblers did in this week's USFL draft - Chron

DUBLIN--(BUSINESS WIRE)--The "Europe Online Gambling Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.

The European online gambling market is projected to grow, witnessing a CAGR of 9.20% during the forecast period (2020-2025).

Key Highlights

Growing hardware and software innovations and the rising popularity of casino and sports betting gambling, along with enhanced internet penetration, are expected to drive the growth of the European online gambling market.

The dominating players have been focusing on mergers over the past few years, primarily to increase their stake in the market and to improve profit margins. For instance, Paddy Power PLC and Bet fair PLC merged to form Paddy Power Betfair PLC.

In order to gain a competitive advantage and compete with the established players, companies are developing innovative offerings in the region.

Key Market Trends

Desktop Devices Holding The Major Share

Online gaming started on desktop computers, and many online casinos still focus most of their development on making sure that players get a smooth and well-presented user-interface experience. Desktops and laptops are considered to be the most convenient devices for online gambling owing to their bigger screen size.

This factor provides the gamer with the ultimate online gaming experience. One of the major benefits of using the desktop as an option to play online is that the number of mobile casino games on offer is significantly fewer than desktop gaming.

Moreover, some of the mobile casino games only offer a few selections of deposit options as compared to a desktop site. However, the rising penetration of smartphones, owing to their convenience, is affecting the growth and demand for the gambling market operated through desktops/laptops.

The United Kingdom Leading The Market

Sports betting in the United Kingdom is provided by the private sector and is conducted within a very competitive market. Online gambling is legal and regulated in the country by the Gambling Commission, which was formed by the Gambling Act of 2005.

Online poker, sports betting, casino games, bingo, and lottery-style games all fall under the purview of the Gambling Commission. As per the data published by OfCom (The Office of Communications, United Kingdom) in 2015, 6% of the users aged between 25-34 and 45-54 years engaged themselves in online gambling at least once in every three months.

The second highest age group was between 16 and 24 years, which accounted for 4%. Rizk Casino, 888 Holdings, Casumo Casino, bet365, and LeoVegas are some of the prominent players operating in the UK online gambling market.

Competitive Landscape

Bet365, 888 Holdings Plc, GVC Holdings PLC, Kindred Group PLC, William Hill PLC, and Betsson AB are some of the major players having a significant presence across Europe. nMany online gambling companies rely on third-party providers, such as Playtech, for software solutions.

However, some companies choose to backward integrate with technology providers. For instance, 888poker heavily invested in developing its own software and online gaming technology, primarily not to rely on suppliers.

Similarly, William Hill, a bookmaker company located in the United Kingdom, was focused on backward integration, and thus, acquired Grand Parade, a software development company, in 2016.

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/4fvb7f

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European Online Gambling Market (2022 - 2027): The Stars Group, The Kindered Group, William Hill and Bet365 Dominate - ResearchAndMarkets.com -...

Traditional gambling offers various games of chance where players may enjoy different types of wagers. There are many locations across the world where one can partake in this type of entertainment. Some examples include casinos, racetracks, horse tracks, card rooms, and locale.

The key aspects of gambling at brick-and-mortar facilities include the following:

Online gambling has become more and more popular over recent years. About 2,000 online casinos have emerged that allow players to enjoy games of chance right from the comfort of their own homes. The fact that youre able to log in with your home computer means that you can access these sites 24 hours per day, 7 days a week. This allows for an optimal experience for those who cannot get out as often as theyd like due to work or family obligations.

The main features of online casinos are:

If youre not sure which of these two types of gambling is better, there are several factors to consider. Here are the main ones:

All in all, which option works best for you depends on your expectations. A traditional casino would be a clear choice if you want to have an unforgettable night out with your friends. However, if youre going to simply play your favorite casino game without spending extra on transportation, then online casinos will do the trick. The latter also offers better game versatility and more generous bonuses for all players. Still, this isnt enough to ignore all the fun and socialization found at land-based casinos only. It really is a hard choice to make, isnt it?

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Online Gambling vs. Traditional Gambling - Eye On Annapolis - Eye On Annapolis

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For years, people around the world have been debating about the difference between investing and gambling. This debate is not specific to crypto, the same conversation has been facilitated by many about the other markets as well.

While the majority of market participants have made up their minds about investing being different from gambling, many questions have started to rise with the introduction of crypto investing.

There are several reasons why this conversation is so popular. First, is the high volatility of cryptocurrencies. These are assets the prices of which are moving at a very fast pace. At one point, a certain crypto asset can be skyrocketing, while in just a few hours it can drop.

Many believe that due to the nature of cryptocurrencies, investing in them is very much like gambling. However, it would be much better if market participants tried to view crypto investing from all different angles.

Lets say that there is a crypto investor who analyzes the price movements in the market in great detail. This trader follows a well-structured trading strategy, with a good risk management technique. In such a scenario, it would be very hard to call this process gambling. When there is a trader with a plan on what to do it is not gambling.

On the other hand, there might be another trader, who does not follow a specific strategy. Rather, he or she is simply speculating, without depending on any factual information. This is very similar to gambling.

So, it can be said that crypto investing can have nothing to do with gambling or be exactly the same as gambling. It all depends on the individual trading strategy adopted by the investor and the attitude that he or she has.

Whether you think investing is gambling or not, it should not be noted that cryptocurrencies have become a huge part of the gambling industry. But, what exactly makes cryptocurrencies a good asset for gambling?

The number one answer to this question is privacy. Cryptocurrencies are viewed to be a great payment solution for gamblers as these payments are almost impossible to be tracked. Offering such high privacy has made crypto assets a very important part of the online gambling industry.

There are numerous bitcoin trading casinos available in the market. These casinos offer gamblers the opportunity to make deposits in a fast and convenient manner. The number of bitcoin casinos has increased dramatically over the past few years, and anyone can easily find a BTC gambling site that allows customers to make deposits and withdrawals using digital coins.

These crypto gambling online casinos not only allow individuals to make deposits and withdrawals in digital assets but also gives them the opportunity to gamble using cryptocurrencies.

This shows how much the crypto market has grown over the past few years. It has managed to become a very important and useful part of the many industries around the world and gambling is only just a small part of this.

When investing in cryptocurrencies, it is quite easy to act according to your emotions. Things are moving at a very fast pace in the crypto market, and many traders tend to feel like they are missing out on major opportunities.

This can turn crypto investing activities into gambling. Feeling like the market is moving ahead with you can lead you to make a lot of decisions that you would not make otherwise. While it is true that some of these decisions can make you some profits, it is also true that they can lead to major losses.

FOMO, which stands for Fear of Missing Out, is associated with almost every single trading market. But in the case of the crypto industry, it tends to have the most impact. This is mostly true due to the nature of the crypto market and its high volatility.

So, when does crypto investing starts to become gambling? A simple answer to this question is that crypto investing becomes gambling when a trader decides to turn his or her back to the trading plan and choose a new direction only because they feel like doing so.

If you are a trader who has a well-formed trading plan, which comes with good risk management, it is hard to imagine a situation where you would have to change it up altogether. Making emotional decisions can have a huge impact on investors profits and turn investing into gambling.

The cryptocurrency trading market has become very popular over the past few years. People of all different backgrounds and interests are now starting to become part of the market, and every single one of them has a different idea on how they want to be making profits.

Some people want to make profits in the very short term, taking advantage of the small price movements of the crypto assets. On the other hand, there are investors who want to buy crypto assets and wait for the price to increase dramatically in order to make greater profits.

There are some traders who do very extensive research about the market, while others make decisions in a very fast manner. Some traders end up gambling on the possible price movements of crypto assets, while others make well-informed decisions.

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Investing In Cryptocurrencies vs Crypto Gambling Do They Have Anything In Common? - River Journal Staff

ELMIRA, NY (WETM) Months before online and mobile sports betting became legal New York State was already providing resources for those who may be addicted to gambling. With the growth of the industry comes the increase in risks.

The Finger Lakes problem gambling resource center provides help to those who are addicted to gambling in our area. With the recent addition of mobile sports betting they are teaming up with a local casino, Tioga Downs, to help those who might fall into debt.

Theres a lot of safeguards in place. I guess I shouldnt say safeguards. Theres a lot of resources that are available in case that becomes a factor, said Jim Weed, Director of Marketing, Tioga Downs Casino & Resort.

Officials with the gambling resource center want to make sure people have the information they need when it comes to betting your money.

We encourage people to limit their bets or how much money or time that theyre placing on those apps. You want to make sure that youre setting those limits for yourself, said Jenna Hotaling, Team leader, Finger Lakes Problem Gambling Resource Center.

The gambling solution center makes it easy for anyone to get the assistance they need at their fingertips.

You can give us a call. Youll get one of two program managers on-staff on the phone. Theyre going to work with you one on one and figure out what you need.

Other safety measures can be put into action through the casino such as voluntary self-exclusion.

If you or someone you know is struggling with gambling addiction contact the Finger Lakes Problem Gambling Resource Center.

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Sports Betting Safety in the Twin Tiers - WETM - MyTwinTiers.com

There's no doubt you've seen the many casinos that line the streets here in Billings, and it's highlighted a very serious problem issue of gambling addiction. I personally have seen people go through it and it never comes out good, but I wanted to know where Montana in general ranks in terms of the severity of gambling addiction. Bad news everyone, we rank as one of the top five worst states for it.

When someone is addicted to gambling, they aren't necessarily addicted to the games themselves, they're addicted to the rush of dopamine one gets when they win. So, if they lose, they'll usually keep going just to find that feeling once again.

This can absolutely ruin someone's life, however, because gambling costs money and soon the addict will find themselves out of money or in large amounts of debt. They may even resort to theft to get the money they need to keep going.

According to data from Wallethub.com, Montana ranks number 4 in the nation in gambling addiction, with only South Dakota, Mississippi, and Nevada above it. Information for their research was found using two statistics they call "gambling friendliness" and "gambling problem and treatment."

Gambling friendliness looks to be the accessibility and legality of gambling within that particular state, and gambling problem and treatment relate to the number of people with gambling disorders and the number of ways to treat those particular disorders. Montana's scores were #3 in gambling friendliness and #3 in gambling treatment, so it seems we have a lot of ways to access gambling, but we also have lots of ways to treat that issue.

If you or someone you know is suffering from a gambling problem, there is help.You can contact the National Problem Gambling Helpline at 1-800-522-4700for more information.

READ MORE: See 50 remote jobs that can pay well

Just saying the names of these towns immediately conjures up images of grand mansions, luxury cars, and ritzy restaurants. Read on to see which town in your home state took the title of the richest location and which place had the highest median income in the country. Who knowsyour hometown might even be on this list.

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Montana Ranks in the Top Five Gambling-Addicted States - newstalk955.com

Published On 23 February,202209:33 am

online gambling is played on different sports through different websites of billions of rupees daily

Mardan (Online) - In the country, nowadays, online gambling is played on different sports through different websites and it is a gambling of billions of rupees on a daily basis due to which the young generation is being destroyed.

The government should block these websites and save the future of youth. These views were expressed by social worker Farooq Khan while talking to the News.

He said that these websites are operated by Indian Mafia from Dubai, Malaysia and this mafia has agents in Pakistan and they give different percentages to these agents. He added that then Pakistani agents spread their wide network of agents at the local level and their victims became the younger generation.

Farooq Khan further said that gambling on cricket is on the rise in Pakistan at the moment which is played in two ways one online way in which the gambler downloads a software from different websites online and then he created his own ID and he generate a password of his ID and later on he give password on which gambling is started through this software.

He added that this software is called gambling board. He added that through this gambling board gambling is played on cricket and other games including horse riding, luduo, tennis, football and other games.

He added that there are several ways to deposit and receive money in this software. The money is sown through easy paisa or transfer through a bank account to the local agent. He added that the gambler keeps in touch with the agent by phone and if he puts money on a player or a team, the agent responds by saying "OK".

The word will say OK after the loss in case of win or lose the money is received or given by the agent and this is also the bank account or Easy paisa and cash by hand.

He added that the words used in this gamble are Pair this is called the sound when the match between the two teams is going to be equal or both the competing teams are equal on the clash and both have equal rates.

The other word is ate this voice is used for the team which is weaker than the opposing team in the match and if such a team wins then the one who claims to have earned money gets more money.

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Online gambling on the rise - Dunya News