Online Gambling – The Soaring Rise From the Global Economic Crisis

During these tough economic times, it is no surprise that land based casinos are losing money. You may have thought that people would be flocking to sportsbooks and casinos worldwide in order to gamble and hopefully win big as an aid to surviving the recession that the economic crisis has spawned.

However, it seems that the opposite is true. The lack of money for entertainment means that folks are foregoing those weekend trips to Las Vegas and other gambling meccas. They have even become unwilling to spend the money required for gasoline or public transportation in order to get to land based casinos that are within driving distance of their homes. You could ask any sports book or casino owner how the recession has treated their business, and most of them will tell you that they are losing money.

Experts in the gambling industry have observed a ripple effect taking place across the world. Determining the patterns of international gambling is the subject of a study that has released some surprising facts about the gambling industry. Online gambling is rising in popularity in spite of the economic crisis. In fact, in 2008, the total amount taken in worldwide by online gambling was more than 20 billion dollars, setting a new high record.

Why are people shying away from land-based casinos and using online casinos instead? Simply put, they can make their money go much further in an online casino. As mentioned above, people just do not want to part with their cash for airfare or for any other form of transportation in order to get to the casinos. They are using that money to go to online casinos, and having their gambling fun in the comfort of their homes.

The gambling industry is predicting that online gambling will continue to be quite popular for as long as the economic crisis goes on, and even beyond. People are not going to give up gambling. They may not wager as large an amount as they once did, but the lure of winning is too strong for them to stop completely. They will turn to online casinos as a way to continue their gambling habit for less money.

All that is needed for online gambling is a computer and an inexpensive broadband connection to the Internet. Anywhere you can use a laptop computer or a mobile phone is also a place where you can gamble. Unlike land-based casinos, online gambling allows you to practice many of the most popular games at no charge. You can get a feel for a game before investing any money in it, which can save money in the long run.

Those punters who are smokers and have seen their favourite casino or sports book turn into a smoke-free establishment are also bringing their gambling dollars to the online casinos. Gambling via the Internet means no restrictions on smoking, food or drink. There is no dress code to follow, and many consider online casinos much safer than land based casinos. Several of the big online casinos are responding to this influx of new customers by making online gambling even more fun and appealing. They are adding welcome bonuses and other promotions, holding tournaments, and featuring player customizable slot machines. Almost everything you can find at a land-based casino is available at online casinos, plus a whole lot more.

Online gambling is very convenient, offers a huge variety of games to tantalize the punter, and suits the entertainment budgets of those who are affected by the economic crisis. There is no doubt that the gambling industry is right on the threshold of even more growth as it grows more popular than ever.

Online Gambling Versus Traditional Gambling

There are many different forms of gambling from betting at the horse races or for your favourite sports teams or trying your chance at a casino game. And with today’s age of the computer you can gamble online at any of the many online sporting or casino websites. So how does online gambling compare to traditional gambling.

For starters, online gambling can be done in the comfort of your own home providing you have a computer with an active internet connection and use of a credit or debit card. And so there is little or no travel involved. Traditional gambling requires travel to the gambling site. And many people have enjoyed a gambling opportunity at Las Vegas or Atlantic City or just at their local casino or race track.

Secondly, you have to join up with the gambling website you are interested which means filling in a form and is usually free. You do not have to join or fill in any of your details with traditional gambling.

Thirdly, you can concentrate completely on your online game because there are no noisy people, no cigarette smoke and no drunken people which could annoy you. You have the peace and quiet of your own home if you desire. However with traditional gambling you are around like minded people doing the same thing and this creates atmosphere. It is a chance to get out and socialise with friends and have an enjoyable outing.

Fourthly, as each online website is competing against each other then they offer bonuses in order to entice people to join their website. And the bonuses can be large depending on the amount of money you bid eg large amounts of money or free holiday somewhere.
Do you get bonuses at traditional gambling locations? No

Fifthly, with online gambling websites, you are not obliged to tip employees. In real casinos for example, you will be obliged to tip waiters, dealers and other employees for a better service. This however could vary between different countries.

Sixthly, the online casino gambling experience may even surpass the physical casino experience as they have very strict rules and regulations.

Lastly, on online gambling websites your money is safe in the account you set up as they have high security. This is as long as you have taken your own safety precautions with antispyware and antivirus protection installed on your computer and that you have joined a licensed and regulated online gambling website. With traditional gambling you could run the risk of your money being stolen, so you just need to look after your money carefully.

These are the seven points comparing online gambling with traditional gambling. They each have a place depending on whether you want to go out for the night with friends or gamble quietly in your own home for as little or long as you like.

Is Online Gambling the New Trend?

Online gambling is increasing at a staggering rate, while the history of the industry is still as new as the Internet itself. It is very popular these days, as there are literally hundreds of casino sites that offer many games and betting limits. Online gambling is an adaptation of the real thing that happens at live casinos, among the many games that are available online you should take time to try out online blackjack, this is a very interesting game and you can enjoy it without even leaving the comfort of your own home. Online gambling is becoming more and more famous nowadays, that Institutional analysis and scrutiny are being performed by exalted personalities to dig out the real reasons of it.

Betting

According to a recent Gallup poll, gambling has become more popular among students, whether they play for fun or more seriously through poker games and sports betting. Betting online is a problem, the study says, because it has the potential to be more addictive than casino gambling. Unlike land-based gambling locations, online gambling sites do not offer betting on credit and there are no nearby ATMs from which to draw cash and then immediately bet. Most of these sites focus on card games such as poker and blackjack and on traditional casino games such as roulette and slot machines, but the roots of internet gambling center on sports betting and horse racing. It’s a little known fact that Nevada is only one of a handful of states that specifically prohibits both players and Internet operators from engaging in online betting.

Casinos

Casinos online feature high quality software that brings the excitement of casino gambling to your own home. Casinos ranked by professional gamblers, according to bonus size, payout rate, customer support, etc… Some online casinos also offer “practice areas” where players can learn the games and play for free, but be careful, success in these free areas is sure to lead to an invitation to the real gaming areas where success might not be so easy. The top few poker sites, with little overhead costs and unlimited table capacity, are making spectacular profit that has already outpaced the world’s most profitable casinos. The newer belief that ‘online casinos are recession proof stems from the theory that in tough times people turn to vices, and with the added expenditures of travel, hotels, food, and entertainment those people would not turn to Vegas type casinos, but instead turn to online forms of gambling.

Conclusion

Online gambling is a risky business, as the player has no real idea of who is running the Web site and how to contact the company should the need arise. It’s illegal in some jurisdictions and users should consult legal counsel regarding the legal status of online gambling and gaming in their jurisdiction. It’s lots of fun at online casinos, using the Internet to link up with any of thousands of web sites that offer you all forms of gambling online. Online gambling is not only fun but it’s a convenient way to do your gambling because you don’t have to carry large sums of money to the casino to gamble you can do all your transactions through either credit card or money transfer , players usually make a deposit to the online gambling site and when ever they play they can use that deposit to make wagers or to by tokens and then cash out any payouts the same way. Consider this – online gambling is set to exceed $20 billion in 2010 and is the fastest growing industry on the Internet today. Although online gambling is a very competitive business, when it comes to player abuse the industry feels so strongly that the online casinos help to protect each other. From choice of games and betting options to fun, excitement, and the chance to win money, online gambling has it all.