All About Wagering Online
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Online gambling is the latest trend nowadays because of its convenience and accessibility. More people prefer to bet online and the statistics in the online gambling market show that it reached $ 59 billion as of 2019 and is anticipated to rise up to $ 92.9 billion by the year 2023. Besides the comfort that it offers, there are also other major reasons for its popularity:
1. Mobile compatibility
Online casinos are intended for online gadgets such as laptops and personal computers and in early 2000, Microgaming a gambling software company made it possible to be played using the smartphone and other handheld devices including tablets.
2. More Bonus
It is a fact that online casinos offer more benefits compared to the bricks and mortar casinos. They offer higher cash back percentages to their players and other promos such as coupons. Netticasinot has a variety of casino sites that offer more perks which would certainly delight gambling enthusiasts.
3. Payment Scheme
Online casinos have diverse payment schemes which give players a chance to choose a payment option they feel comfortable using. Besides debit/credit schemes, they also offer digital wallets, open bank payment methods, and cryptocurrency.
Brief History of Online Gambling
Online Gambling started in 1994 after the Antigua and Barbuda passed the Free Trade and Processing Act which allows organizations to open online casinos. Microgaming gambling software from the Isle of Man introduced the first online casino and is secured by Cryptologic an online security software company. Later in 2004 the same gambling software company, Microgaming introduce the first mobile casino software.
The Kahnawake Gaming Commission regulated the online gaming activity in the Mohawk Territory of Kahnawake in 1996 and issued a gaming license. Later in 1999, the Internet Gambling Prohibition Act was introduced to the US Senate to ban internet gambling but failed.
Online casinos’ popularity grew and in the year 2001, around 8million people participated in online gambling soon enough by 2016, Statista anticipated that the gambling market would reach $ 45. 86 billion and as mentioned, might reach $ 92.9 billion by 2023.
Categories of Online Casinos
There are two types of online casinos based on the software namely:
· Web-based
This is also known as a no-download casino since the player only requires a stable internet connection in order to enjoy seamless graphics and sounds for an ultimate gaming experience.
· Download-based
The gambling software requires the player to be downloaded on any modern gadget available to be able to play and wager. The best thing about a download-based casino is it runs faster and has better graphics and sound compared to a web-based and does not depend much on the speed of the internet.
There are also two types of online casino games that players can choose from.
· Virtual
It is also known as the software-based online casino game because all results of the game played are determined by the Pseudorandom Number Generator (PRNG) a type of software that ensures that all game activities are totally random and unpredictable and fair.
· Live Dealer
The all the time favorite of the majority, Live dealer mimics the ambiance of the physical casino with all its lights and sounds and a human croupier. The players also have the chance to meet other players from all places around the globe in one room. It is done live and in real-time and all communications and transactions are done through the chatterbot provided by the casino site.
Types of casino games played on the internet casino:
All games which can be played on the land-based casino can also be enjoyed on the internet casino. The only difference is the players have the option of how to play their game and if they wanted to be creative for a more enjoyable gambling experience.
· Bingo
· Baccarat
· Craps
· Keno
· Blackjack
· Roulette
· Sic Bo
· Poker
· Slot Machines
Conclusion:
Online wagering is a fusion of the traditional casino and the dynamic technology which makes gaming and gambling more fun and handy. Nevertheless, if the player lacks discipline it might turn into a vice, especially because of too much comfort. Moderation is the key.
