Legality of Online Gambling in New Zealand

Gambling is a hugely popular past time in New Zealand. It’s estimated that over $2 billion each year is spent on the activity and over 40% of adults bet on a semi-regular basis. Interestingly gambling was not really commercialised in New Zealand until the 1990s, but since then the industry has grown to such an extent that it’s had to be heavily regulated, with caps being put on the number of casinos and betting venues allowed in the country.Online gambling has not escaped the regulatory powers that be in New Zealand, in fact, the government department of Internal Affairs brought out the Gambling Act of 2003 to deal with the growth in remote interactive gambling in the country. The law is pretty straight forward, it states that any remote interactive gambling in New Zealand (internet, TV, telephone etc) must be operated by the TAB (Totalizator Agency Board) or the New Zealand Lotteries Commission. These are both government-run operations that are used for community fund-raising and are not for profit.So players in New Zealand can gamble online through both these sources, but also the law states that it is not illegal for Kiwis to gamble at online casinos on foreign (overseas-based) sites. The reason for this is that New Zealand law cannot be enforced overseas and the government thought it would be impossible to enforce. However, it is illegal for overseas companies to advertise their product online and overseas sites can never run their operations from New Zealand.The main thing for New Zealand online gamblers to be aware of is the fact that although it’s legal for them to play on overseas-based casinos, not all of them are trustworthy… Proper checks should always be taken out by online players before investing their hard-earned cash into a foreign gambling site. The reason for this is that as the sites are based overseas there is very little protection that can be offered to New Zealand Online Slots players if something goes wrong.The recommend process for checking that a foreign-based site is legitimate is to look at the following areas; banking options, where the company is licensed, where the customer support is based, whether the company independently audited by a respected organisation (such as KPMG), how long have the company been in business for, what is their payment processing like and finally to do some research online to see if other Kiwis have played on the site and can recommend it.

Tips on How to Avoid Disappointments in Online Gambling

Gambling is a big part of human civilization. Up to now, the basic principles of betting has not changed significantly. A player will essentially wager money or anything of value on something that he thinks will be the outcome of a particular match or event. The person wins if the results that he has betted on indeed come into fruition. The winning gambler earns more money and can even double the original amount that he wagered. But because of the risky nature of gambling, countless players have experienced disappointments and many have even ruined their lives by betting more than what they own. Here are some tips on how you can avoid the bitter pill of gambling.First off, always remember that gambling means taking risks for one to gain something of value. If you really want to end up as the ultimate winner in your gaming hobby, you need to minimize your exposure to risks. That is, you should not wager money that is more than the amount that you need to get by. Also, never make bets that are not backed by some form of intelligent research. Tips from your barber or the taxi driver may sound interesting, but without concrete statistics, such tips can turn into huge losses and disappointment.Second, never assume that you will win in gambling. Sure, you would need a lot of positive thinking, but expecting that you will win big money can result in a huge letdown in case the result of the wager is not in your favor. As the saying goes, do not count your chicks before they are hatched. This adage would seem very much true when taken in the context of gambling. If you always expect to win or recover your previous losses, there is a big chance that you will gamble senselessly and put your money on the table without limits.Finally, always think of gambling as a way to have fun. Do not make a living out of it. Otherwise, you will not be able to tell when to keep your hands in your pocket and to stop risking your money. If you consider your betting as your main source of income, you will always be pressured to win back whatever amount of money you have lost on wagering. Before you know it, you will be among those who have become so desperate to win such that they would even risk their life’s savings or their real properties.