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He started playing Zynga Poker, a slot machine game, last year. But he craved the excitement that came with betting real money. Before long, he was placing bets in a brick-and-mortar casino, much to his financial detriment. When he lost more than $5,000 through a combination of card games and sports betting, he was forced to ask his parents for money to tackle his debt. That's when he, and his parents, decided he needed to get into a recovery program.
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Poker is arguably the best form of gambling if the goal is to make consistent profits, as the opponents are other players rather than the house. Unlike casino games, and even sports betting, there is no built-in advantage to overcome. Anyone can make money from poker if they are prepared to learn all the strategy involved and become better than their opponents. There's still some luck involved in the game, but skill has a far greater effect on who wins and who loses in the long run.
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George W. Bush signs into law the Unlawful Internet Gambling Enforcement Act (UIGEA). Enacted by Congress in 2006, this federal law makes it illegal for banks or credit card companies to process any online financial transactions for the purpose of Internet gambling. This includes electronic fund transfers (EFTs), wire transfers such as Western Union, and credit cards, among others. Some online gambling sites and money transfer companies left the American market altogether because of this law.
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