The online gambling industry is one that rakes in over a $100B a year, making it one of the biggest industries in the world. Online gambling is a sport that fascinates people from all over the world.
A greater number of people are now involved in online gambling through their computers or phones than ever before.
A huge number of people are still pretty uneducated about the industry, and are unaware of some basic facts they ought to know. While those are important, here are 5 things you may not have known about the gambling industry. Armed with these, you too can make a mark in a market flooded with millennials.
1. Customer Service at an Online Casino is very important
Land-based casinos have employees walking about, whom you can approach and contact when faced with an issue. This is not the case with online casinos. Here, there might be a number of alternate solutions. A reputable casino offers multiple such options by which you can contact them when faced with an issue.
Ideally, good online casinos should have a live chat support tool that’s available 24/7. This means one can easily just type in a question and expect a reply from a customer support employee within seconds. This is a very good option.
2. Online slot games generate 70% of the online gambling revenue
Video slot machines are usually all the rage in land-based casinos, where they are responsible for generating about 80% of the revenue. It makes sense that these slot machines would generate the highest profit for the land-based casinos as these places are usually filled with hundreds of such machines and only a few blackjack tables, roulette tables, and poker tables.
These machines are all random and the chances of every player are the same. However, online casinos provide a higher return to player value to the players, because they have much lower operating costs than land-based casinos
3. Online Casino is reliable and safe
A number of people are of the opinion that online casinos manipulate games by changing pay-outs or return to player values, in order to increase their own profits. This is untrue. Casinos only earn money due to the “house edge” all games have. This house edge is very important to casinos, since it is essentially the share of the money that the casino gets from the entire lot that is being played at a game. On top of that, it is impossible to manipulate games.
4. Casino Bonuses are not always a good deal
Online Casinos will always try to lure in players with attractive looking free play money bonuses or real money bonuses and try to convince them to choose a certain casino over others. It almost looks like a no-loss situation. This is not necessarily true.
No deposit bonuses, however, are always a good deal. This is a bonus that you get when you register a free account at an online casino. One can see it as a free chip they receive when they enter a land-based casino. In an online casino you receive a free amount of money, or a number of free spins, with which one can play a few games without any cost. They can view it as a 100% free gift from the casino.
5. Information on the internet or forums for casino players aren’t always reliable
The industry surrounding online gambling is very interesting, and there is the involvement of a lot of money. Naturally, with enormous amounts of money being involved, there is always the fear of scams and frauds. There are a number of forums on the internet regarding casinos and casinos games. On these forums, players post their opinions about the good and bad aspects of a number of casinos for other players to read.
Such forums, however, aren’t recommended for serious players, since these places always have a lot of active unreliable people. Representatives from certain online casinos are almost always present at such forums acting like real players, where they provide negative reviews about their competitors while writing positive reviews for their own respective casinos.
Gambling is all about having fun and reading a few bad reviews could really cause people to shy away from gambling. Instead, one should simply try a few reliable casinos themselves for the experience, and then they can simply move ahead without the need for unreliable opinions.
