Spread Betting

Spread betting refers to any types of wagering on the outcome of an event, where the pay-off is based on the accuracy of the wager, in another way the betting rather than a simple “win or lose” outcome, which is known as money line betting. Spread betting is not a type of online gambling but it does relate with gamble.

The general purpose of spread betting is to create an active market for both sides of a wager, even if the outcome of an event may appear a priori to be biased towards one side or the other. In a sporting event, for example, a strong team may be pitted against a historically weaker team. Persons betting on the event normally would be likely to favor the better team, to such an extent that there would be very few, if any, betting on the team perceived to be worse.

The use of a "point spread" evens out the market towards an equal number of participants on each side of the wager. This allows a bookmaker to make a market by accepting wagers on both sides of the spread. The bookmaker charges a commission and acts as the counterparty for each participant. As long as the number of participants on each side is roughly equal, the bookmaker is unconcerned with the actual outcome; profits instead come from the commissions

Source:http://en.wikipedia.org/wiki/Spread_betting

Being arrested for online gambling

Don’t Online Gamble in Malaysia

November 13, 2008

If you want to participate in online gambling, you are going to want to not do it in Malaysia because they just aren’t putting up with it. Police in Kuantan, the capital of Pahang state in Malaysia, have continued with their sweeping raids in an attempt to curtail online gambling.

They have arrested another 17 people this week in the Gabang area by simply sweeping through the cyber-cafes that have popped up in the city. They know that many of these cafés offer online gambling access, so they go in and arrest those that are participating as well as those that are running the places.

The police are seizing the computers and cash in these illegal online gambling locations, with the latest one taking place in Jalan Besar, Gambang. They detained those that were in the location participating in online gambling around 10:30 pm. They ranged in age from 20-50.

The police said that two of those detained were working the online gambling venue, while the rest of them were playing. They say that in addition to this raid, they have arrested 55 people as well as seized 38 computers. This latest raid ended in the seizure of nine computers.

The police said that the owners would be investigated “under Section (1)(b) of Common Gaming House Act 1953” and they could face up to three years in jail if convicted. They could also be looking at a fine of RM 50,000 – or both of these things. They will also undoubtedly have their cybercafé licenses revoked.

Reference:http://www.gamblingphd.com/news/november-08/malaysia.htm

Above is a news about 55 people have being arrested by police for online gambling activity.As u can see under the act you will being sentenced to jail and fine for of fencing the laws.So please keep in mind not to join online gambling activity.

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Sources: http://www.gamblingphd.com/

The Relationship Between Loan Shark and Gambler

First of all, I want to explain the meaning of loan shark. I believe that not everyone knows what does it means. A loan shark is a person or body that offers unsecured loans at high interest rates to individuals, often backed by blackmail or threats of violence. In much of history, usury laws made loan sharks commonplace. Many moneylenders skirted between legal and extra-legal activity. In recent years and no matter where it is, loan shark have been a feature of the criminal underworld, but otherwise rare. There are many registered and legal lenders that lend to people who cannot get loans from the most mainstream lenders such as large banks. They often operate in cash, whereas mainstream lenders increasingly operate only electronically, which means that they will not deal with people who do not have a bank account. Terms such as subprime lending and "non-standard consumer credit" are used for this type of lender. Payday loans are one example of this type of consumer finance. The availability of these products has made true loan sharks rarer, though some legal lenders have been accused of behaving in an exploitative manner.

In Malaysia, Ah Long (derived from the Cantonese phrase "daai ji lung", 大耳窿) is a term for illegal loan sharks in Malaysia and Singapore. They lend money to people who are unable to obtain loans from banks or other legal sources, mostly targeting habitual gamblers. They charge a very high interest rate (about 40% per month due to the constantly compounding interest.), and frequently threaten violence (and administer it) towards those who fail to pay in time.
Ah Longs advertised their services merely by distributing their calling cards. They distribute their card to everyone and anywhere. This make gambler can fing Ah Long anytime and anywhere.

The main reason that there are many gamblers borrow money from Ah Long is because they do believe if they win this game they will able to pay back everything included the money borrowed from Ah Long. With this reason , it make Ah Long keep increase in this sociaty. Gamblers never thinking the affect if they not able to pay the money to Ah Long.

Ah Longs do borrow money to anyone who holding an valid an identification card and the person must above 18 years old. Ah Longs will keep a photocopy of the identification card for their own save.

When a person fails to pay in time, the Ah Long will spray, splash, or write in red paint on the walls of the house or property of that person as a threat of violence and to shame the borrower into repaying the loan. According to local police authorities, there have been cases where borrowers were beaten or had their property damaged or destroyed, and some victims have committed suicide.

source: http://en.wikipedia.org/wiki/Loan_shark

http://upload.wikimedia.org/wikipedia/en/7/7a/AhLong002.jpg

Tips to prevent losing many money when gambling

As everyone know online gambling is a bad activity that we should avoid. So I hope the tips below that I have show will help some gambler not to gamble until some unlucky stuff happen on them.

First of all, we should only spend what we can afford to lose. If we always bet and we can't afford to pay for what we have lost, we will try to borrow from friends and relatives or some even worst will borrow from loan shark.This will cause us having a debt that we could not pay finish.When u lose some money, please do not chasing your losses as it will cause u lose more than before.

Secondly, please keep in mind that the number showing in your screen is your real money. Any amount that you have lose in the screen show that you have lose money in real life. If you lose more then you need to pay more. So if you still want to bet, please look for some sites that can set your limit for betting per day to prevent you from losing more money.

Thirdly, always think of your family or someone you care. When you lose your money and owe many debt, your family or someone you care will always worry about you and help you to pay the debt. When come to the worst, they will sell all their asset to help you pay the debt. If you do not lose the money, maybe the money will bring happiness to the family which you can buy something for them to make them happy.

The Japanese Translation as below:

http://www.worldlingo.com/en/products_services/worldlingo_translator.html

オンラインで賭けることは私達が避けるべきである悪い活動であることを皆が知っているので。 従って私は運の悪い原料がそれらで起こるまで私がショーを有するそれの下の先端が相場師が賭けないのを助けることを望む。 まず、私達は私達が失うためにいいものだけを使うできてもべきである。 支払うことを私達が失ったものをの常に賭け、できることができなければ、私達は高利貸しからから友人や親類または最も悪い意志の借用借りることを試みる。これにより私達が終わりに支払うことができなかった負債を持っている私達を引き起こす。uがお金を失うとき、によりuを多くにより前に失う引き起こすのであなたの損失を追跡しない。