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Topic: Online gambling becomes popular - page 10. (Read 5975 times)

hero member
Activity: 1610
Merit: 507
July 14, 2021, 10:19:01 AM
Yes, if we compare gambling with other industries in online development then of course, the growth of online gambling is fairly slow. Gambling itself is always viewed differently in each country so it is not surprising that the growth of gambling is relatively slow because even though gambling is legal, in fact not everyone will gamble, right. In contrast to other industries that basically they will easily spend their money on other goods and services, and it does not have the risk of losing like in gambling.
It depends on the country because if gambling is legal in one country and people are free to play gambling, whether it is offline or online gambling, that can grow faster than the other countries. But if that is about online gambling, people from different countries can find the gambling site easily because they will see many advertisements about a gambling site on many websites. That can make online gambling sites become popular and known by many people.
legendary
Activity: 2506
Merit: 1113
There's no need to be upset
July 14, 2021, 10:07:02 AM
<...>

trust and reputation are really valuable, you are right
you simply can't buy it, it has to be built

probably in terms of competition it comes and goes in weaves, competition gets harder, more people go out of business, competition gets easier, more people enter the business, so forth and so on...

but overall the tendency is that gambling industry gets stronger online
probably
I have no data to support this, but since we know that thanks to the pandemic the number of people gambling online went up then it is fair to think that the number of casinos went up as well as people tried to capture some of the additional money that came to the market, but now that the economy is being opened again then most likely we are seeing some of those casinos to begin to disappear as people go back to their old habits and have other ways to entertain themselves.
yes, I dont have the precise data about it either but would be really surprised if it wasn't true, specially with the pandemic as you mentioned

but yes, thats right, maybe after reopening competition gets harder and some online casinos struggle to keep open?
not sure

do you know what are the margins for online casinos?
probably quite high
legendary
Activity: 2464
Merit: 1943
Leading Crypto Sports Betting & Casino Platform
July 14, 2021, 10:02:40 AM
By the way, it would be interesting to compare the growth of online gambling with the overall growth of the online services/delivery industry. I would not be surprised if I found out that even though online gambling has grown, it has done so more slowly than the rest of the online industry. In the end, gamblers are a narrow layer of people, consumers of everything else are the overwhelming part of the market.
Yes, if we compare gambling with other industries in online development then of course, the growth of online gambling is fairly slow. Gambling itself is always viewed differently in each country so it is not surprising that the growth of gambling is relatively slow because even though gambling is legal, in fact not everyone will gamble, right. In contrast to other industries that basically they will easily spend their money on other goods and services, and it does not have the risk of losing like in gambling.

Plus, we must take into account that gambling is not a basic need, but entertainment (of course, if we are not talking about addicted people). People are forced to always consume food, things, etc. therefore, during the lockdowns, the delivery industry took off like a rocket. Compared to this, onine gambling has rather lost its positions, although according to formal indicators it has also grown.
legendary
Activity: 1974
Merit: 1150
July 14, 2021, 09:39:34 AM
Yes, if we compare gambling with other industries in online development then of course, the growth of online gambling is fairly slow. Gambling itself is always viewed differently in each country so it is not surprising that the growth of gambling is relatively slow because even though gambling is legal, in fact not everyone will gamble, right. In contrast to other industries that basically they will easily spend their money on other goods and services, and it does not have the risk of losing like in gambling.
The gambling industry whether online or physical continues to thrive regardless of regulation in my opinion. After cryptocurrency has become a new phenomenon in society, the crypto gambling industry is now quite easy to find online. Sooner or later the growth of gambling may still be influenced by regulation, but I think for a country where gambling is legal, the development is much faster. Competition between gambling site to be the best is also something that can slow down the accelerated growth of the crypto gambling industry because site that do not have large bankroll must give up sites that do not have high traffic.
legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
July 14, 2021, 09:24:55 AM
By the way, it would be interesting to compare the growth of online gambling with the overall growth of the online services/delivery industry. I would not be surprised if I found out that even though online gambling has grown, it has done so more slowly than the rest of the online industry. In the end, gamblers are a narrow layer of people, consumers of everything else are the overwhelming part of the market.
Yes, if we compare gambling with other industries in online development then of course, the growth of online gambling is fairly slow. Gambling itself is always viewed differently in each country so it is not surprising that the growth of gambling is relatively slow because even though gambling is legal, in fact not everyone will gamble, right. In contrast to other industries that basically they will easily spend their money on other goods and services, and it does not have the risk of losing like in gambling.
full member
Activity: 1736
Merit: 116
July 14, 2021, 09:23:11 AM
By the way, it would be interesting to compare the growth of online gambling with the overall growth of the online services/delivery industry. I would not be surprised if I found out that even though online gambling has grown, it has done so more slowly than the rest of the online industry. In the end, gamblers are a narrow layer of people, consumers of everything else are the overwhelming part of the market.

Since the first the gambling industry has been under other industries, as well as the online world, online gambling is a small part. Because
the online service industry is needed by more people than online gambling. Moreover, some countries do prohibit their residents from accessing
gambling sites, this makes the world of online gambling even narrower. So the development of online gambling is indeed quite rapid, but its
scope is narrow, because not everyone in the world likes gambling.
legendary
Activity: 2464
Merit: 1943
Leading Crypto Sports Betting & Casino Platform
July 14, 2021, 09:00:24 AM
By the way, it would be interesting to compare the growth of online gambling with the overall growth of the online services/delivery industry. I would not be surprised if I found out that even though online gambling has grown, it has done so more slowly than the rest of the online industry. In the end, gamblers are a narrow layer of people, consumers of everything else are the overwhelming part of the market.
hero member
Activity: 2170
Merit: 530
July 14, 2021, 08:59:18 AM

It's really a concern that even minors will be able to gamble as long as they have knowledge about crypto and of course if they can find a way to fund their account. However, it cannot be possible to prevent minors from gambling since crypto casinos promote anonymity, it's really the job of the parents to monitor their minor children's activities, not the site as they welcome anyone who can fund their account.

The availability or the accessibility of the online gambling today is really that easy that even the minor could access it. It is indeed a serious concern that should be address properly by the gambling site that the one who could access their site should be in the legal age. And somehow we can't also deny that the popularity of online gambling boosted today due to people nowadays were so exposed to internet which also make the information easily accessed by everybody as long as the internet connection is established.
hero member
Activity: 3066
Merit: 577
Leading Crypto Sports Betting & Casino Platform
July 14, 2021, 08:09:15 AM
Online gambling was popularized even before the pandemic, because it is very convenient. You can go to the site directly from home, or any other place. And the pandemic has only increased the popularity of this trend.
Yes, even pre-pandemic, online gambling has always been popular but it's different when the pandemic came. Most people stayed at home and due to the quarantine protocols that have been imposed for many countries that got the virus, there go those people that are curious about online gambling. They could be categorized in many class, like those that don't have something to do and looked for a thing to do online, there goes those who already are aware of online gambling and tried their luck, etc.
full member
Activity: 2114
Merit: 182
★Bitvest.io★ Play Plinko or Invest!
July 13, 2021, 09:11:51 PM

When theres gambling industry then there would be always those people whom do get addicted with gambling and its none a new thing as we know that industry is way too profitable.

Specially now that everything could really be accessed online too easily and we know that gambling businesses do exist on both markets neither physical or online and now that we are

on a pandemic situation it did really contribute even more for online gambling sites to become more known.
Online gambling was popularized even before the pandemic, because it is very convenient. You can go to the site directly from home, or any other place. And the pandemic has only increased the popularity of this trend.
Online gambling is very much popular in our society today because the world is now digital,and almost every thing we do now is done online.These are some of the reasons why online gambling is popular;it is easy to be reached, and It saves one the stress to locate a bet shop.
Yeah the accessibility of Online casinos are far from real life casino , imagine you nee to drive in for kilometers just to gamble and loss? then you will be Bullshit tired to go home?

at least in online casinos you can just play in your bed and go sleep once you totally lose the funds.
sr. member
Activity: 1232
Merit: 379
July 13, 2021, 08:14:46 PM

When theres gambling industry then there would be always those people whom do get addicted with gambling and its none a new thing as we know that industry is way too profitable.

Specially now that everything could really be accessed online too easily and we know that gambling businesses do exist on both markets neither physical or online and now that we are

on a pandemic situation it did really contribute even more for online gambling sites to become more known.
Online gambling was popularized even before the pandemic, because it is very convenient. You can go to the site directly from home, or any other place. And the pandemic has only increased the popularity of this trend.
Online gambling is very much popular in our society today because the world is now digital,and almost every thing we do now is done online.These are some of the reasons why online gambling is popular;it is easy to be reached, and It saves one the stress to locate a bet shop.
legendary
Activity: 2100
Merit: 1340
July 13, 2021, 05:54:01 AM

When theres gambling industry then there would be always those people whom do get addicted with gambling and its none a new thing as we know that industry is way too profitable.

Specially now that everything could really be accessed online too easily and we know that gambling businesses do exist on both markets neither physical or online and now that we are

on a pandemic situation it did really contribute even more for online gambling sites to become more known.
Online gambling was popularized even before the pandemic, because it is very convenient. You can go to the site directly from home, or any other place. And the pandemic has only increased the popularity of this trend.
hero member
Activity: 2968
Merit: 687
July 12, 2021, 03:59:25 PM
There is rise in the popularity of online gambling. This has happened as a result of the pandemic all around the world. There is good part, that user can spend sitting in the home. Same time we need to think in what manner amounts are being spend. In few cases students aren't aware and keep on spending parents money.
But the bad part will be that many people can become addicted if they spend more time playing gambling without having control of themselves. It is good to play gambling at home without going to a physical casino because the pandemic is still around us. Many of them are curious about playing online gambling and maybe that is a new experience for them so they will try to play more and more. That is the reason online gambling and all things on the internet become popular, even online stores.
When theres gambling industry then there would be always those people whom do get addicted with gambling and its none a new thing as we know that industry is way too profitable.

Specially now that everything could really be accessed online too easily and we know that gambling businesses do exist on both markets neither physical or online and now that we are

on a pandemic situation it did really contribute even more for online gambling sites to become more known.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
July 12, 2021, 01:58:47 PM
There is rise in the popularity of online gambling. This has happened as a result of the pandemic all around the world. There is good part, that user can spend sitting in the home. Same time we need to think in what manner amounts are being spend. In few cases students aren't aware and keep on spending parents money.
The sad part is un-control situation where because of easy access more and more gamblers lose their savings, with those easy steps to reach your online savings account to transfer with your casino wallet accounts, everything can smoothly done without leaving your house.

In regards to your action, you need to act reasonable with every penny that you'll going to spend for your entertainment or for trying to win out from your gambling skills.

And with those young adults, parents still have the responsibilities from each actions that their kids are doing, guiding them and making sure that they are not deeply engaged with any harmful activities is a must.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
July 12, 2021, 12:48:06 PM
As of today, it's easy to learn about the basics of cryptocurrency deposits and withdrawals through internet. And these minors can have themselves educate about it by just simply sitting all day round on their computers. The only way to avoid minors signing up is to ask them kyc but many crypto casinos don't do that and will unlikely be.
It is not as if things are that different when it comes to fiat casinos, if their parents gamble then the only thing a kid needs to do is to enter to the account of their parents and gamble that way, also it is not as if you can only gamble online since kids can gamble with their peers as well, this is why we must not rely in a centralized authority to tell us what to do or not do and if we do not want that our kids gamble then we need to teach them why this is a bad idea at their age.
Regards the issue of having underage people gambling I believe parents and families are really the responsible ones for educating and forbidding their children from gambling until they hit the adulthood, that means from that moment on they will answer for their own acts. But while that time doesn't come, parents need to be careful with which sites they let logged in their devices and also how their children are spending the money that is given to them. If the children are spending this money wrongly, just cut their income and there won't be any gambling activity.
legendary
Activity: 2534
Merit: 1338
July 12, 2021, 12:13:16 PM
As of today, it's easy to learn about the basics of cryptocurrency deposits and withdrawals through internet. And these minors can have themselves educate about it by just simply sitting all day round on their computers. The only way to avoid minors signing up is to ask them kyc but many crypto casinos don't do that and will unlikely be.
It is not as if things are that different when it comes to fiat casinos, if their parents gamble then the only thing a kid needs to do is to enter to the account of their parents and gamble that way, also it is not as if you can only gamble online since kids can gamble with their peers as well, this is why we must not rely in a centralized authority to tell us what to do or not do and if we do not want that our kids gamble then we need to teach them why this is a bad idea at their age.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
July 11, 2021, 10:54:12 AM
There is rise in the popularity of online gambling. This has happened as a result of the pandemic all around the world. There is good part, that user can spend sitting in the home. Same time we need to think in what manner amounts are being spend. In few cases students aren't aware and keep on spending parents money.
But the bad part will be that many people can become addicted if they spend more time playing gambling without having control of themselves. It is good to play gambling at home without going to a physical casino because the pandemic is still around us. Many of them are curious about playing online gambling and maybe that is a new experience for them so they will try to play more and more. That is the reason online gambling and all things on the internet become popular, even online stores.
legendary
Activity: 2646
Merit: 1106
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
July 10, 2021, 07:41:10 PM
There is rise in the popularity of online gambling. This has happened as a result of the pandemic all around the world. There is good part, that user can spend sitting in the home. Same time we need to think in what manner amounts are being spend. In few cases students aren't aware and keep on spending parents money.
hero member
Activity: 1792
Merit: 536
Leading Crypto Sports Betting & Casino Platform
July 10, 2021, 06:13:39 AM
This is the beginning or just the beginning for online gambling to develop. I mean they are already existing for maybe 2 decades now but it is only now that the popularity is soaring. Online poker were the fad before between 2015-2017 before the crash. Bitcoin is being given as prizes. Not really amounts in Bitcoin but rather in satoshi. But now, many other cryptocurrencies are being used in gambling and that is already a good start. We might see all these online crypto gambling sites like Red Dog, Bitstarz, Ignition, 7Bit Casino, Bovada, CloudBet, Fortune Jack, CafeCasino,  CSGOEmpire and many others to flourish for many years to come.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
July 09, 2021, 07:32:12 PM
The easy access on gambling sites nowadays, is the most appealing aspect that drives more people into online gambling. The popularity of online gambling is very much evident in my country as many businesses shifted endeavors into online gambling now. Although this easy and unrestricted access has provided many privileges and benefits to both gamblers and casino owners, this heightens the risks for gambling addiction and money laundering as well.
Yes, because anyone can access as long as there is an internet connection. It also became a debate that there are youngsters and teenage guys that can visit the casinos because there's no kyc needed and everyone can have their own gambling journey. In which country you live and those businesses got a bigger take in taking risk through gambling and shifting what they've got, from the traditional business going into gambling?

It's really a concern that even minors will be able to gamble as long as they have knowledge about crypto and of course if they can find a way to fund their account. However, it cannot be possible to prevent minors from gambling since crypto casinos promote anonymity, it's really the job of the parents to monitor their minor children's activities, not the site as they welcome anyone who can fund their account.
As of today, it's easy to learn about the basics of cryptocurrency deposits and withdrawals through internet. And these minors can have themselves educate about it by just simply sitting all day round on their computers. The only way to avoid minors signing up is to ask them kyc but many crypto casinos don't do that and will unlikely be.
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