Everyone dreams of becoming a millionaire. Of buying your first house, living in a mansion and doing what you want to do. Getting rich is easy; what’s hard about that? Why Millionaire’s can be so difficult to win though?
First let’s start with why it’s very hard to win. Take the UK National Lottery for example. To win the jackpot you have to match 6 balls out of 49. Now you would think that you have an almost 50% chance of matching all 6 correct numbers. But you have a slightly lesser chance of matching all 6 correct numbers than you would have if you chose your numbers randomly. You have a 0.735% of matching all 6 correct numbers. That means that you have a 47.37% chance of NOT matching all 6 correct numbers. That is a lot of odds to overcome for a minimal return.
So even though you can win the jackpot, the odds are astronomical. Your best bet is to play with a group of people or you could even play on online lotto sites. When you play in a group you increase your chances of winning. Let’s say you have a group of co-workers who want to pool their money to play the lottery. You can have as many people as you want to play. If you play on your own you would have a lot lower chances of winning the jackpot.
Playing lotteries online also gives you a lot of safety if you are doing it for the first time. If you are comfortable using online payment methods, credit cards, etc then you are more comfortable with your account and less likely to worry about the security of the money.
If you play on online sites, you will also find better odds. You can usually choose from 3, 5, 7, 9, or 10 numbers on a lotto ticket. The odds for matching any one number are 1 in 14 million – quite a big odds when you think that millions of people play it each week.
All you have to win is match the numbers, but your odds are dramatically increased because you are playing with more people – your odds are 1 in 14 million. That, to most people, seems like a pretty good deal.
To increase your odds of winning you should use online sites that are powered by reputation and a good software program. If you just follow the old advice of picking random numbers, you will lose more often than you win.
New laws in the US, called the Unlawful Internet Gambling Enforcement Act (Dewabet) have made it more difficult for online players to fund their online gambling account sand even to sign up to online gambling websites. The money is hosted by a games company, often offshore, and you don’t know the true origin of the money. These gaming companies can’t tell you how much you owe them for playing games online.
While online gambling is not legal in many states, it is growing in popularity and the US government hasn’t done much to stop it. Many of the older online casinos have shut down and are no longer available online. The newer, larger, more legitimate online casinos can still be found and many of them are generous in matching your deposits and giving you incentives to keep playing there.
While the US government doesn’t have the power to ban online gambling, the preference of most politicians is to let the industry continue to operate with restrictions, rather than trying to force it offline.
Many politicians would like to see the internet become such a large source of income for the country, that they don’t even care if some Americans can gamble online. What they prefer is to raise the taxes on something else. People are fed up with paying taxes and receiving less than they expected or wanted. The politicians hear the complaints, but they have more important things to think about.
One thing that has proponents and opponents of online gambling agree is that the government needs to regulate the online gambling industry, not ban it. It’s plain common sense that we would not want to replace one fabulous job with another lousy one.
The Unlawful Internet Gambling Enforcement Act of 2006 has some teeth to it, but it doesn’t exactly make it illegal. The government can still regulate it, but only to make it safer. The Internet Gambling Enforcement Act can only be enforced if it chooses to be. The banks have no choice but to follow the law, even though they have no problem with online gambling. The law is very clear about its intent, so there is no question of legality.
Some states have decided to ban online gambling and while there are some Firstam, no states have decided to ban it. Several countries around the world have either prohibited it or placed restrictions on it. Canada, for example, allows online bingo and other casino games and lets people play them from the United States.