Humans have been always been in interested and in awe of good entertainment and if such entertainment also makes you some money that’s the cherry on top. One such avenue has been gambling which we’ve all heard stories was popular even as back as the Roman Empire when people used to watch gladiator fights and bet on them in the colosseum. Well in today’s world you can’t bet on gladiator fights, but gambling is pretty much part of lives of many people, and when everything else is available online at your fingertips, why not have some Online Gambling.
What is Online Gambling?
Pretty much all the gambling on live22 easy that exists and once was done in the physical world is today available on the virtual mode; from poker, casinos, lotteries to sports betting and even some gambling in online mobile games. The gambling market when entered the digital domain there were initially apprehensions about the possibility of illegal activities being conducted such as money laundering or frauds, but those doubts have faded away with some good regulations and authentications of players and service providers being in place to prevent all that. The Online Gambling market is estimated to be around $40 Billion dollars even though there’s several markets where the same is banned and so its not as of yet operating in its full potential.
Modus Operandi
- Poker – Online Poker includes card games where the structure is PvP (player versus player) rather than playing against the house, and the platform providing the service makes money by taking a cut from the participants playing the game.
- Casinos – The online casinos operate similarly, providing the real life games in an online mode with the fundamental difference from poker in the way that the game is against the house itself and so the house makes money whenever a player loses.
- Sports betting – Sports betting is probably the biggest and most popular form of gambling and Online Gambling only makes it easier for people to bet on sports while sitting at home rather than going to the rings to see horse races or calling an agent for the same.
- Lotteries – Lotteries have the innate characteristic of creating large amounts of capital inflow and so to avoid, tax avoidance by people most lotteries are operated by governments and are heavily regulated by laws whether they are in offline mode of online.
