Drop the Ban on Online Poker
17 August 2009
There is a debate today both in congress and across this great country of ours, about just what is poker playing? Is it gambling, as the government wants to say? Or is it a game of skill, mathematics and strategic thinking?
In 2006, congress outlawed internet gambling by making it illegal for banks and credit card companies to handle or process payments made to online gambling sites. As if that were not enough, congress made itself several loop holes. They exempted state run lotteries, online betting on horse racing and fantasy sports online betting. 42 states now have lotteries, and the states promote those lotteries to the tune of $529 million in advertising in 2007.
There is a professional poker player by the name of Howard Lederer, a.k.a. “The Professor”. He compares playing poker to playing chess. He says that chess players have symmetry of information. Both players know the positions of all the pieces on the board but have no idea of their opponent’s intentions. But in poker, the opponent’s hand is hidden. Poker involves strategic thinking, probability and the ability and skill to bluff successfully. Winning at poker requires applying skills, gained by experience, in an attempt to increase the chances of winning a hand.
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27 December 2010No Online Poker Bill a Good Thing
Sadly, another year of having the UIGEA, as ambiguous as it may be, is in place for the United States and there was no movement in getting online gambling in any form regulated. The efforts of Senator Reid, the Poker Players Alliance and other supporters fell short in getting any legal online gambling bill through the Senate during this lame duck session. To some however, namely some professional online poker players, this was not a bad thing and they are glad nothing happened.Read full article
27 October 2007Poker players lobby for online gaming
Supporters tell members of Congress that the card game is one of skill and shouldn’t be restricted by U.S. Internet laws as are games of chance. WASHINGTON — When trying to convince lawmakers that her career is more than just a card game, professional poker player Annie Duke refuses to fold. Duke said, “What I do is not gambling.Read full article
18 July 2006US GAMBLING BILL IN SPOTLIGHT AFTER INDUSTRY ARRESTS
Reuters Tue Jul 18, 2006 5:11pm ET16 By Julie Vorman WASHINGTON, July 18 (Reuters) – The indictment of BETonSPORTS Plc (BSS.L: Quote, Profile, Research) executives for racketeering should add momentum to U.S. legislation that aims to ban broader types of Internet gambling, two Republican backers said on Tuesday. The U.S.Read full article