Archive for January 4, 2012

Gambling is the wagering of money or anything of value material (called a “stake”) in the event of uncertain outcome with the primary intent of winning more money and / or material goods. Usually, the result of the effort is evident within a short time. online poker was interpreted by the U.S. government TP a gamble and it was taken up in illegal Internet Gaming Act 2006 (added at the last moment to the Port Security bill … so any Congressman or Senator would vote against keeping Our safe harbor to keep online poker legal … did not happen)

The bill, as defined by most experts do not really make the act of gambling online illegal act, but made it illegal for financial institutions and Payment to facilitate the act of gambling online. This caused many online poker sites seem to find illegal ways to poker players fund their accounts and illegal ways to pay money to the players on their withdrawals.April 11, 2011 was Black Friday for online poker players like me. Leaders of the 3 major online poker sites of Poker Stars, Full Tilt and Ultimate Bet / Absolute Poker was charged with primary money laundering and wire fraud charges and online poker came crashing to represent the population of the United States.To date (August 24, 2011) Full Tilt Poker has not refunded the money in the accounts of players (one of my good friends, 000 tied up at Full Tilt, and this number is minimal compared to many other players). Full Tilt has continually insisted that they would make a good recovery play money, but it has not happened yet and only time will tell. Full Tilt license is currently suspended by the Gaming Commission that controls it, so now they owe the world means players with American residents.Poker Stars players quickly return money to the U.S. population and now continue to be the leading online poker site for the rest of world.Ultimate Bet / Absolute Poker has just closed and hope boil the players always returned to the players show futile.Since then, the U.S. government closes several other smaller poker sites.Now, a quick review of the beat online poker players since Black Friday, 15 April, 2011 to the present day, 24 August, 2011.I will not argue about whether poker is gambling. By Wikipedia definition, it can only be construed as gambling. But by the same definition, here are some other games: Starting business buying house investments in the stock market

As a short-term component of the definition: Poker has daily ups and downs. Company has daily ups and downs. The Stock Market has daily ups and downs. Daily ups and downs of poker is often less than the fluctuations in the gambling activities.People who know what they do in the business makes money, people do not lose money.