Online gambling is the latest trend these days due to its convenience and accessibility. More and more people prefer to bet online and online gambling market statistics show that it reached $59 billion in 2019 and is expected to reach $92.9 billion by 2023. Besides the comfort it offers, there are also other main reasons for its popularity:
1. Mobile compatibility
Online casinos are for online gadgets such as laptops and personal computers and in the early 2000s Microgaming, a gaming software company, made it possible to play using the smartphone and other devices laptops, including tablets.
2. More bonuses
It is a fact that online casinos offer more advantages than physical casinos. They offer higher cashback percentages to their players and other promotions such as coupons. Netticasinot has a variety of casino sites that offer more benefits that are sure to delight gambling enthusiasts.
3. Payment scheme
Online casinos have various payment systems that give players the flexibility to choose a payment option that they feel comfortable using. Apart from debit/credit systems, they also offer digital wallets, open banking payment methods, and cryptocurrencies.
Brief history of online gambling
Online gambling began in 1994 after Antigua and Barbuda passed the Free Trade and Processing Act which allows organizations to open online casinos. Microgaming Isle of Man gaming software introduced the first online casino and is secured by Cryptologic, an online security software company. Later in 2004, the same gaming software company, Micro game present the first mobile casino software.
The Kahnawake Gaming Commission regulated online gaming activity in Kahnawake Mohawk Territory in 1996 and issued a gaming license. Later in 1999, the Internet Gambling Prohibition Act was introduced in the US Senate to ban internet gambling, but failed.
The popularity of online casinos has grown and in 2001 around 8 million people participated in online gambling quite early by 2016 Statista predicted that the gambling market would reach $45.86 billion and as mentioned, could reach $92.9 billion by 2023.
Categories of online casinos
There are two types of software-based online casinos namely:
This is also known as a no download casino since the player only needs a stable internet connection in order to enjoy seamless graphics and sound for the ultimate gaming experience.
The game software requires the player to be downloaded on any available modern gadget in order to play and bet. The best thing about a download based casino is that it works faster and has better graphics and sound compared to a web based casino and does not rely much on internet speed.
There are also two types of online casino games that players can choose from.
It is also known as a software-based online casino game because all outcomes of the game played are determined by the Pseudo-Random Number Generator (PRNG), a type of software that ensures that all casino activity game are totally random, unpredictable and fair.
Still a favorite of the majority, the live dealer mimics the ambiance of the physical casino with all its lights and sounds and a human dealer. Players also have the chance to meet other players from all over the world in one room. This is done live and in real time and all communication and transactions are done through the chatterbot provided by the casino site.
Types of casino games played at the online casino:
All of the games that can be played at the land-based casino can also be enjoyed at the online casino. The only difference is that players have the option to play their game and if they want to be creative for a more enjoyable gaming experience.
· Slot machines
Online betting is a fusion of traditional casino and dynamic technology that makes gaming and betting more fun and convenient. However, if the player lacks discipline, it can turn into a vice, especially because of too much comfort. Moderation is the key.