Gambling is ALL about risk. It’s a take all or loses all. While most of us would chicken out at mere thoughts of losing our hard earned money, there is hardly any scarcity of gamblers willing to risk it all.
What do the stats say?
According to casino.org around 1.6 billion people gamble worldwide. About 4.6 billion people gamble, at least once every year!!
What is gambling?
By definition gambling is staking assets consensually in pursuit of possible higher returns. Ideally, individuals engaging in any forms of gambling are already aware of the possible risks involved, which also include extreme loss like bankruptcy.
In most of the cases fate of gambler depends on the outcome of simple contests like car races, horse races or casinos.
Online gambling
Alike every other aspect of our lives with the internet boom, gambling has also gone “online”. Land based casinos have taken form of website portals. Bets are placed on computers, contests analyzed and results declared online.
Cash filled briefcases as one might envision associated with the word ‘gambling’; now have also taken forms of digital payment receipts.
Offline Vs Online Gambling
Speaking in terms of time frame, slot online is a relatively new phenomenon. Taking gambling online has eased out the process of game play and money transfers.
Game slot has also broadened the range of games and contests one can play and invest their money on. Multiple new apps are around in market now, each one promising maximum returns and the highest profit.
The case of fantasy cricket
Fantasy cricket is one of the most famous fantasy sport online. It allows users to make cricket teams of real life cricketers. The virtual game is ruled on the basis of real life performances of the cricketers.
Positive sides of Online Gambling
- Convenience
Playing at the comfort of homes in personal devices is a huge plus point. Just with a stable internet connection, users can play at any time and place of their choice.
- Playing Anonymous
It is very easy to hide your real identity over the internet. Online gambling also saves you from interacting with other players, which would be inevitable in case of offline gambling.
- Mode of Money Transfer
Online payments are highly convenient and time saving. They are quick and safe,thus adds to the positive sides of online gambling.
In the Indian markets, taking the phenomenal street games like cricket online has been an exceptional business strategy. Online gambling in the name of ‘dream team’ has filled the pockets of multiple users.