22nd Jan, 2020: Online betting has become one of the biggest fads of the present era. However, there are many reasons behind the trend. For starters, everyone likes to earn money in easy and fun ways and online casino games like Poker and Roulette have given us an option to win legit money. Also, online betting is more convenient than offline betting as you can access your favorite casino games from anywhere and with any device. You don’t have to travel, wait for a table, or pay an entry fee. You can just sign up on any online gambling platform, even on your smartphone, and get started instantly. The following are some of the most interesting facts about online betting that you may not know:
1. Online Betting Isn’t Legal in Some Countries, but it Isn’t Illegal Either
Gambling is prohibited in many countries including India, Afghanistan, Algeria, China, etc. However, online gambling is different from land-based gambling in a way that the government can’t really regulate it in these countries. For many governments, there are laws against land-based gambling, but online gambling is more of a grey area. This is why those who love to place bets on sports tournaments, video slots, etc. are able to scratch the itch by visiting the casino websites of their choice.
2. Online Slot Machines Make for 70% of Profits in Online Gambling
There was a time when slots used to contribute as much as 80% in profits in the gambling industry. This was the period of land-based slots. Today, as technology has transformed the betting industry and online gambling has become quite popular around the world, physical slot machines are replaced by virtual or online slots. And today, they generate over 70% of the profits made by the entire online gambling industry!
3. Online Casinos are More Reliable Than You Think
There are many people who think that online casino games are rigged and full of scams. However, that’s not true. There is no dearth of trustworthy and secure online casino platforms where you can raise bets without worrying about your money or personal data. This is because these platforms viz. Betway, Sevenjackpots, LeoVegas, etc. are regulated by government agencies. Plus, they take site security measures like using SSL certificates, 128-bit encryption, etc. Some of the bigger platforms also get testing certifications from agencies like eCogra to make it easier for the players to trust them.
4. There are Loyalty Clubs for Online Casinos Akin to Traditional Casinos
If you stay up-to-date with the online gambling industry, then you may know that there are loyalty clubs at casinos that are also called players clubs or slots clubs. These clubs keep an eye on your playing style, how big or small you bet, and how much your risk appetite is. Based on the data they collect through your online sessions, they may offer free spins, cash rebates, and other perks. However, the exact calculation is based on how much you lose money. If you lose a lot usually, then the casinos can afford to give you more attempts at the bets to keep you engaged.
So, there you have it- 4 interesting facts or pieces of information that you may don’t know about the online gambling industry. Which one surprised you the most? Do let us know!