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Is Online Gambling a Way to Make Gazillions?
Online gambling, a highly regulated industry, includes activities such as poker, sports betting, lotteries, bingo, slot machines, and online casinos where gamblers can play traditional casino games like blackjack and roulette.
The economic importance of online gambling
In 2015, online gambling accounted for 29.69 billion British Pounds, and by 2020, the industry's market size is expected to reach 46.82 billion British Pounds. The gambling industry contributes £2.3 billion towards the UK GDP. Moreover, the global casino gaming market is expected to grow at 10.16% between 2017-2021.
From the above statistics, it can be said that the gambling industry is a lucrative domain for enthusiasts who wager money on this "game of chance". However, online gambling has changed the way people gamble. Online gambling has brought millions of people to virtual platforms where they stand a chance to make a fortune.
Benefits of online gambling
Online casinos, when launched, had a small niche. But now, the industry has engulfed millions of people across the globe and changed the way gamblers wage money and get money in return. Although most people gamble online as a pastime, online casinos provide a range of benefits compared to land-based casinos, which have lost their charm due to several factors.
However, if you are a novice in this lucrative industry, here are a few benefits of online gambling you should know:
Gone are the days when you had to fly to Las Vegas for a game of poker. As the Internet has covered almost the entire planet, gamblers no longer have to cross boundaries physically. You can now gamble by simply sitting on the couch at home, irrespective of time and location. You can earn a small fortune with a session of slots or kill time with a game of Blackjack. You can choose to either play alone or with multiple players located in different locations. Convenience is one of the strongest factors driving the online gambling industry.
Free games available
You don't really have to think about boredom anymore. Online casinos allow you to play free games without any financial obligation. The availability of free games sets online casinos apart from real money casinos, where you have to pay for each game. With this feature, you can experiment with different games without incurring whopping costs. Some online casinos also provide basic and advanced strategies for playing games. You can use these strategies to play and perfect your game before you deposit money into a brick-and-mortar casino.
Offers a large selection of games
No matter how many games a land-based casino offers, there is always a limitation of capacity. But an Internet casino is different in the sense that it is not limited in terms of capacity. These casinos offer a large selection of games including the classic games you would find in a land-based casino. Online gambling websites also offer games that have been developed using the latest technology. From poker and sports betting to slot machines, an Internet casino features everything a land-based casino would have but without the limitation of size.
Offers lucrative bonuses
Welcome bonuses, offered after depositing money at an online casino, is perhaps the most enticing part of online gambling. Welcome bonuses range from 50% of funds deposited to 100% match bonus. As you earn more points towards your bonus, funds get incrementally deposited into your cash account. However, a real money casino provides no such bonuses. Therefore online casinos are a great way to earn more money without spending anything from your side.
Provides loyalty points
Loyalty points are a noteworthy benefit of online casinos. You can accumulate a number of loyalty points by simply being a loyal gambler on the site in addition to points for winning. If a losing streak gets you stressed, then you can use these loyalty points to buy casino credit. The more you play on a site, the more loyalty points your gather and hence the more rewards you get. Land-based casinos are good if you want to enjoy rewards in the form of dinner or drinks. But loyalty points surpass the benefits offered by a real money casino.
Multiple deposit options
Unlike a brick-and-mortar casino where a limited number of payment methods are available, an Internet casino accepts credit cards, debit cards, Neteller, Ukash, Paypal, Skrill, electronic checks and many other payment options. In fact, an online casino offers at least ten payment methods to their customers. Hence, you get the flexibility to select a known and reliable payment method that you have already been using. You can link them to your bank account and make transactions instantly.
Flexible stake level
Internet casinos don't need you to put all your life's savings at stake. You have the flexibility to gamble the amount of your choice. This sets them apart from real money casinos where there is a minimum limit on the amount owing to the fact that they have to pay wages and overheads. If you don't want to play for free for some time, you can stake a few cents to thousands of dollars per spin on an online slot machine. This is a great aspect because it allows novice gamblers to start with low bets and raise them eventually when they feel comfortable with the game.
Value for money
Think about going to a casino in Las Vegas when you are put up somewhere in Texas. Does it sound possible with your monthly salary? Perhaps not, it won't be possible. But an online casino allows you to gamble no matter where you are located. Gambling online will save you the flight fares you might have to pay in order to reach a brick-and-mortar casino. Moreover, online casinos have smaller House Edge, which means you are more likely to win. Thus, online casinos provide a better value for money if you get more than what you gamble.
Provides much-needed comfort
Since you can gamble from anywhere without spending money, you can simply sit in your pajamas and earn gazillions. Moreover, you don't have to follow certain regulations and codes imposed by casinos in some cases. Online casinos provide the much-needed comfort and flexibility by helping you gamble in your own private space.
Exposes players globally
Because of the virtual nature of the industry, players get an opportunity to gamble internationally. As such, they get acquainted with the gambling industry of a foreign country. Players get to know gamblers from other countries and build relationships. The global facade of online gambling allows you to play and experience gambling in a whole new way.
The online casinos for gambling enthusiasts
The real benefits of an online casino materialise only on genuine sites. Although there is a slew of online gambling websites, you shouldn't be putting your money on the stake on any random website. Here are a few lucrative casino sites that have a track record of making gamblers billionaires:
888 Casino is one of the most prominent names in the online gambling industry. The online casino uses multiple software platforms for providing a wide range of online gambling opportunities. With games like Roulette, Craps, Blackjack, Baccarat, Keno and Poker, 888 Casino has built a name for itself over the last 20 years. A few highlights of this online casino are:
- Fast payouts
- Multiple deposit methods
- Bonus-based game weightings
- Regular promotions
- Multiple languages
- Flash or download mode
- Seamless proprietary software
Hello Casino, as a popular online casino, provides a large variety of games in a searchable and well-engineered layout. Slots are the most popular gambling opportunity provided by Hello Casino, where players are given 400 different video titles in a simple interface. Hello Casino features Twin Spin, Steam Tower, Gonzo's Quest, Starburst, Roulette, Blackjack, Baccarat and many other games for gambling enthusiasts. Key features of Hello Casino include:
- Instant gameplay
- Excellent interface
- Games available for Android and iOS devices
- Includes multiple casino games and table games
- Secure Encryption
- Multiple deposit options
However, Hello Casino's disadvantage is that it only allows you to use slots to meet wagering requirements. Moreover, some games beyond NetEnt are a little boring and mundane.
PlayFrank Casino is the online casino for almost every kind of player. Compatible with both desktop and mobile devices, this online casino features a wide selection of slots such as Starburst Slot, Alien Slot, Mr. Vegas, and Chimney Sweep. Moreover, the online casino provides both live table and video poker. A few key features of PlayFrank Casino are:
- Instant play
- Live chat support
- Automated and dealer-hosted games
- SSL encryption
However, PlayFrank Casino's support isn't available late at night and on weekends. The lack of phone support also adds to the disadvantage of this Internet casino.
LeoVegas Casino is an Internet casino designed for both desktop and mobile devices. Powered by nine different gaming platforms, LeoVegas Casino provides games for every sort of gambler. It features a large slot selection with many titles from various software providers. Moreover, this online casino features twelve different types of Blackjack games, 8 roulette games, red dog, Carribean Stud Poker, and many others. The key features of LeoVegas Casino include:
- Instant-play interface
- 24x7 support
- Amazing welcome bonuses including free spins
- User-friendly mobile experience
- Excellent proprietary software
However, LeoVegas Casino doesn't cover all deposit options. Moreover, the bonuses and games can be improved for a better gaming experience.
Rizk Casino is an award-winning Internet casino launched in 2016. The online casino has appealed to a wide number of gamblers with a plethora of slots and casino games. It also features a diverse selection of table games, video pokers, virtual sports games, and live casino games. The following features of Rizk Casino make it a recommended online casino:
- Unique promotions
- Designed for both desktop and mobile devices
- SSL encryption
- 2x7 live support
- Unique bonus offers
- Faster withdrawal times
However, Rizk Casino doesn't offer many deposit options and charges a fee for all cashouts.
Powered by a variety of software platforms, BGO Casino has three sections:
- BGO Vegas for slots
- Video pokers, virtual table games, and speciality games
- BGO Macau for baccarat, blackjack, and roulette
The key features of BGO Casino are:
- Instant-play interface
- Live gaming available
- Live chat support
- SSL encryption
- Combination of casino games and still featured Bingo
- Available for both desktop and mobile devices
However, BGO Casino is available only in a few countries. Moreover, the online casino provides limited customer support.