Gambling is an activity where the person takes part in the game in order to win money or something of a material value.As the name indicates, Online Gambling uses internet as a platform to place bets on sports, games like black jack games, and casino etc.Bets are generally placed using the credit cards in which the money is transferred accordingly if they win or loss.It is also known as Internet Gambling or E-Gambling.
History of Online Gambling:
For the first time, In the year 1994, Antigua and Barbuda passed the free trade processing act, allowing licenses to organize the online gambling (online casinos).
In the span of one year, that is form 1996 to 1997 the number gambling sites has increased from 15 to 200.
Let’s see few examples of Online gambling games:
- Sports betting ( Cricket )
- Online Casinos
- Horse Race Betting’s
How online gambling works?
The online gambling is much more different than the normal physical gambling, Here the none of the players will deal with the Dealers, as done in the physical gambling. Online gambling gamers have to play with computer operated programs technically.
And one more point is to be noted that is, the “play for fun” version and the “real money play” versionare different from each other.Excluding the high competition, one of the reasons why cash outs are high online is that the operators do not require paying for buildings that are expensive with lavish furniture and croupiers etc.
The play for fun version leaves the amount to be credited or debited imaginarily, whereas the “Real Money play”, the gamer has to pay accordingly from his personal bank account.
Is Cheating Possible in the Online Gambling?
To rewrite the computer program, a highly professional and skilled hacker has to be present to control the website.Although the above isn’t highly impossible, the officials can make certain steps to catch them and punish as the rules are violated.
Few internet services would help the gamers to transfer the money from one to the other.
Is Online Gambling an Addiction?
That’s true. Online gambling is an Addiction. And additionally it has so many risk factors that can make the gamers extremely dangerous. The prolonged in-home accessibility is the biggest problem that one has to face.Players some time can have a huge loss of money un wantedly that leads to mental weakness.