The 8 True Facts About Online Horse Racing Betting Exchange

Horse racing betting exchange is one of the most popular betting games among punters.

1.) You have many benefits to achieve from horse racing betting and it is the easiest form of online betting game.

2.) In addition, you do not have to visit racecourse for laying bets, since with the advent of many innovative technologies, you can sit from the comfort of your home and bet on horseracing.

3.) The best part of online horse racing betting exchange is that, you get the outcome of your betting within a matter of seconds via your email account. Often, horse racing betting exchange increases your income regardless of your outcome. This is because here there is no intermediary or bookie, who claims a big portion of sum as his or her commission.

4.) Betting exchange certainly increases your odds by 24%. In this kind of betting exchange, you need to return only a small portion of attained winnings. In addition, here you can even act as a bookie. Here, you wager against other gamblers online.

Other Facts:

5.) Unlike traditional racecourse, betting exchange offers you the option to lay a bet. You may set odds as whether a racecourse is suitable for a particular event. In fact, this ability of laying a bet enables you to gain profit regardless of the outcome. You can either back at a greater price or lay at a smaller price, thus ensuring obtainment of profits. In addition, online punters are given an option of not accepting the first offers on their stakes.

6.) You can choose the best obtainable odds and achieve prospective winnings. You can also demand better odds. Do not bet on any horse haphazardly, or else you may lose everything. Often people have a misconception that people, who constantly win are overlooked in horse racing betting exchange. On the other hand, traditional bookies discriminate against a punter, who wins constantly a huge amount of money. They even close their accounts and limit their stakes to avoid further play.

7.) The best part of horse racing betting exchange is that, the facility to earn big sum without any restriction or limit. Even if you bet on a horse, which loses the race, the outcome will not affect you, since you are placing a lay bet. You are still able to recover your money.

8.) Finally, choose a reliable site to bet on horseracing and pay heed to the terms and conditions before laying a bet, since terms may vary from one site to another.

The Importance and Facts About Indian Gaming

In 2009, more than 24.5 million Americans visited Indian casinos and they saw firsthand the progress that Indian tribes are making. Nationwide, there are 237 Indian tribes in 28 states use gaming to create new jobs, fund essential government services and rebuild communities. Here are some of the statistics compiled from various tribes across the US that tells an exciting story of success:

• $26.2 Billion in gross revenue.

• $3.2 Billion in gross revenue from related hospitality and entertainment services.

• 628,000 jobs nationwide for American Indians and our neighbors.

• $9.4 Billion in Federal taxes and revenue savings.

• $2.4 Billion in state taxes, revenue sharing, and regulatory payments.

Important history about Indian Casinos and Indian Sovereignty. Long before Columbus arrived in America, Indian tribes were independent sovereigns. From the first days of the Republic, the United States acknowledged the sovereign authority of Indian tribes. In 1778, the first Indian treaty recognized tribal rights of self-government and the Constitution affirms the sovereign status of Indian tribes in both the Treaty and Indian Commerce Clauses.

The Indian Gaming Regulatory Act (IGRA) protects gaming as a means to promote “tribal economic development, self-sufficiency, and strong tribal governments.” Across America, schools and hospitals are being built, dirt roads are being paved, and safe drinking water flows-sometimes for the first time. The benefits of Indian gaming are far reaching and extend in many directions.

Regulation. No one has a greater interest in the integrity of Indian gaming than Tribal Governments. Today, Indian gaming is the Native American success story. Tribal governments use their net gaming revenues to fund essential government services-education, health care, police and fire protection, water and sewer service, transportation, child and elder care. And to build basic community infrastructure, schools, hospitals, water systems, and roads. Tribal governments also give generously to charitable causes totaling over $150 million annually.

According to the NIGA, in 2009 Tribal governments spent over $350 million to fund regulation of their industry which provided over 628,000 jobs nationwide. Of the $350 million, Tribal governments spent $260 million to fund regulation of their gaming facilities. Tribal governments also provided $80 million to States to fund regulation. Tribal Governments have adopted Casino Industry Standards and Internal Controls, Tribal Governments must comply with the Title 31 (Bank Secrecy Act). Additionally, Indian Nations have created extensive security and surveillance networking systems to exchange intelligence and monitor casinos.

Federal Agencies with oversight relationships to Indian gaming including the FBI, the IRS, the U.S. Attorneys, the U.S. Marshals, Attorneys General, Secret Service and the Bureau of Indian Affairs. Tribal-State Gaming Compacts provide the states with regulatory power in Indian gaming, though IGRA recognizes that the federal government has primary responsibility for government-to-government relations with sovereign Indian Nations. Most states have a state gaming office providing for the regulation of gaming in the state. The degree of state regulation varies from state to state according to each state-tribal government compact.