hman, that is a damn good article. If I didn't know better, I would have thought that was part of WINR's website or something. They fit the bill almost perfectly. All must read this site: hotelcasinomedia.com
I just had to transfer the following from that site. WINR is the only one to provide such a system. They knew what they were creating from day one. Doing this system right is the key. I have written the creators of the site with information about WINR.
What Are the Obstacles to Gambling Opportunities on the Internet?
Unlike the inroads that the Internet will make in delivering communications, news and entertainment,
Internet gambling opportunities face a less certain future. Whether it evolves into a billion-dollar industry
or a minor irritation to law enforcement and traditional gaming operators will be determined by whether
Internet gambling can overcome certain obstacles. These five major obstacles are:
¯ Providing an adequate system for funds transfer;
¯ Securing the gambling transaction from hackers;
¯ Overcoming concerns of the operator's integrity;
¯ Overcoming legal issues; and
¯ Competing for patrons' dollars with traditional casinos and other forms of Internet
entertainment.
The Challenges Facing Electronic Transfer of Funds
Because gambling requires that a person pay consideration, usually money, for the chance to win a
prize, usually money, systems must be established for the transfer of the wager (consideration) from the
person to the operator and the transfer of winnings (the prize) from the operator to the person. As a
practical matter, this requires using some method to transfer funds between the parties.
Assessing Financial Transaction Systems for Gambling Purposes
Four criteria are important in evaluating financial transaction systems that facilitate the transfer of funds
for Internet gambling purposes:
¯ Immediacy: Except for large lottery or progressive jackpot payouts, players and casino
operators expect immediate payment of wagers. Players, in particular, may be weary of
any operator that does not immediately transfer or post winnings and make them available
for withdrawal.
¯ Security: Players will be hesitant to gamble with an Internet operator unless he or she is
comfortable that funds in transit reach their intended destination and that the information
transferred does not expose them to unauthorized withdrawals or charges.
¯ Cost-efficiency: The cost of funds transfers must be inexpensive relevant to the size of
the wager. If not, the transaction costs may be too high and, Internet gaming operators
may not be able to provide a product that competes with the traditional gaming industry.
¯ Anonymity: Many persons that gamble over the Internet may wish to remain
anonymous even from the gaming operator. This may be based on the lack of trust about
how the gaming operator will use personal information such as credit card numbers or
bank information, or fear that his gambling may be exposed to others including law
enforcement, employers, bankers or family members.
All systems must be measured against these criteria.
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