Are online gambling sites legal in Australia?
It's perfectly legal for Australians to participate in online gambling at sites. It's only illegal for Australians to open up an online gambling website, that's why many foreign companies offer their casinos to Australian players.
Does this include all types of gambling?
This does include all types of gambling, but most Australians focus on just a few key games. That means that you can participate in the online gambling that you enjoy.
Is it regulated?
Online casinos are not regulated by Australia at all, and the casinos that Australians play at online are regulated by the country they operate out of instead. Make sure that the casino you play at comes from a well-regulated country to ensure it's safe.
Are all types of winnings taxable?
No, most winnings in Australia are not taxable at all. The only time when gambling income is taxable is when a person lives off his gambling winnings, such as in the case of a professional poker player.
Can I make money online gambling?
It's possible to earn a substantial amount of money online gambling, but it's just as likely to lose a substantial amount of money. Care must be taken while gambling to minimize the overall losses that are taken.
How do the sites make money?
Every online casino has a slight edge. This edge causes players to lose more than they win, and generates profit for an online casino. The reputable casinos only have a minor edge, but that results in a substantial income over time.
How can I be sure the sites are safe?
To be sure sites are safe it's important to look for sites that are certified and licensed by independent reviewing companies such as MGA and Responsible Gaming. These organizations help keep online gambling safe.
Are online games rigged?
Online games are fair, but they do give the casino a slight advantage that results in the casino winning more than losing. Players have a real chance at winning prizes, and the results are relatively predictable so it wouldn't be fair to call an online casino rigged.