Sooner or later, you will be introduced to the incredible world of online gambling. Whether it’s a friend trying to interest you in slots or an opportunity brought about by one of those ‘deals’ that are always advertised at the end of YouTube videos, chances are that will find yourself wagering away your hard-earned cash with the help of a few quick Google searches.
But if this is something that has caught your interest then there are probably a few things that you didn’t know about online gambling. Here are five incredible facts about gambling that you should know as stated in NoVerificationCasino:
1. Online gambling is at least a $150 billion industry
There are a lot of online gambling sites out there, so it can be difficult to keep track of exactly how much money is being wagered each year. According to the report from the Gambling Information and Statistics Center, the total revenue from all forms of gambling was around $150 billion back in 2017.
Of course, this doesn’t include the revenue from things like sports betting, lotteries, and other forms of gambling. There are also a ton of other things that aren’t considered gambling, like fantasy sports and gambling for things like entertainment or education. It’s also important to keep in mind that not everyone is taking part in gambling.
According to the same report, only around 11% of all adults play any kind of gambling activity at all. So, while online gambling is a $150 billion industry, it’s only one part of all of the gambling that’s happening.
2. There are more than 5,000 online casinos
There are now over 5,000 different online casinos to choose from, not including all of the various mobile casinos and betting sites that are also available online. There are a ton of options if you are looking to play slots, table games, mobile slots, card games, online roulette, or blackjack.
You will find many casinos that cater to specific types of players, like those looking for a casino for bingo players, or a site where you can play popular poker games like Texas Hold’em, Omaha Hi-Lo, or other casino poker variants. If you want to play at Bitcoin no verification casinos then these are available as well.
3. Betting sites use software to detect when users are cheating
Online casinos are constantly looking for ways to improve their services and increase the fairness of the games that they offer. One of the ways that they do this is by using software to detect when users are cheating. If a player is using some sort of computer program instead of their own brain and skills then it’s against the rules of the site.
The casino can report this to the authorities so that the person is banned from all of the other sites that use the same software, and no longer allowed to play at any casino that has been reported. There are also a ton of scams and illegal operations that are trying to provide software that will help you cheat online casinos.
4. The first online casinos didn’t open until the late 1990s
Beware of anyone who tries to tell you that you should try out online casinos from the early 1990s. Sure, that may have been the time that the first websites for these types of sites opened for business, but that was more than 30 years ago.
Before then, the only places that you could go to gamble were in the real world and at land-based casinos. When online casinos first started to become popular, they were only available to people who had access to a computer with an internet connection.
The technology for online casinos was still being developed throughout the 1990s, so it is unlikely that any casino that opened its doors in the early 1990s would be operating with inferior technology. Safety and security are paramount when using an online casino, and many technological advancements ensured this in the early 2000s.
Microgaming developed the first online gambling platform back in 1994, so if anyone tells you that there is a good online casino that opened before this time then they are not being truthful. In fact, it was 1996 when Intertops opened the first online casino where you could use real money to place bets.
5. The number of online gambling sites that accept cryptocurrencies is growing fast
Modern day online casinos usually offer players a range of payment options. Usually, an online casino will accept credit cards for deposits and sometimes withdrawals, and they will also accept bank transfers. E-wallet systems such as Skrill and Neteller have grown in popularity over the years because they are fast and secure for players.
More and more gambling sites are now accepting major cryptocurrency coins and tokens such as Litecoin, Ethereum, Bitcoin, Dogecoin, and Bitcoin Cash for deposits and withdrawals. A lot of players like to use cryptocurrencies for their online gambling because they can normally make the transactions anonymously.
Gambling has always been big business and online gambling has helped to increase the numbers of regular participants significantly. Now you no longer have to visit a land based casino, a horse racing track, or a betting shop to place wagers.
The technology used with online gambling is always advancing making it more secure for people to place their wagers over the Internet. People are now gambling online using their mobile phone more and more. No matter where you are, as long as you can connect to the Internet you can gamble online.