What Does Regulation of Online Gaming Actually Mean?

August 18, 2010

Just last week, a spokesperson for the Safe & Secure Gaming Initiative went on C-SPAN to discuss the legislation that was just passed by the House Financial Services Committee to legalize and regulate online poker, along with other casino games. Sports betting is not  included on this list, by the way (which irritates me and will be the focus of my next post).  There were many callers who voiced their concerns about gamblers and non-gamblers alike getting taxed by Big Brother.

To be clear, if and when the bill gets passed to regulate online poker and online casino games, there is no tax to the actual player or any citizen for playing the games. The operators (companies that own the gambling website) have to pay a tax.

The only tax the actual player has to pay would be on their winnings (which players already do). So this isn’t a ploy for the government to make more money off the gambler- but a way for states and the country to help erase its deficits.

Chris

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Summer Follow Up & New Features

August 11, 2010

Hey guys,

Sorry haven’t been around lately.  Will be trying to post an update once a week moving forward. Just a few words about the TracktheBet.com software.

We just released Facebook Connect which is pretty cool. Users now have the ability to post each of their tracked picks as their Facebook status instantly after making the pick in the interface. After the games are completed, users can then publish whether they Won, Lost or Pushed a bet. Might be a nice bragging tool to all your friends who say you stink at sports betting 🙂

We will also be releasing a new report early next month (just in time for football). I don’t want to give it away just yet, but it has something to do with your Bets after they are made. That’s it- can’t give up any more than that. I guess you’ll just have to check it out.. and I’ll be sure to write another post when the report is created.

I’m also working with sports handicappers in different ways. The well-known Marc Lawrence has been gracious enough to put a page up on his website about Track the Bet and the software will also be featured elsewhere (but I have to wait until it releases before I go into details)- but it’s pretty cool. I’m also working with other handicappers (who will be named after the deals are complete) regarding an affiliate program, which I will also give more info about when the time is right.

In other news, we have been experiencing some issues grading RL MLB bets. The issue is known and my guys are working diligently to fix the issue and hope to have it resolved shortly. And again, I apologize for any inconvenience the grading error has caused you.

Until next time…

Chris

Founder of TracktheBet.com