Why online gambling platforms are popular today

Technology continues to define the way of life around the world these days. This trend is spreading across various market sectors, which includes gambling.

In the 17th century the first casinos appeared in Italy, and they were so successful that they spread to neighboring countries. But it wasn’t until the mid-19th century that institutions of this type began to spread throughout Europe. Since then they have become an integral part of the tourist industry.

Technological advances of the 20th century allowed the use of electronic tools in gambling. This is how the famous slot machines were installed, which displaced traditional games such as classic roulette and dice. Online casinos such as Coinplay that’s considered the best bitcoin gambling site are the pinnacle of this cultural evolution.

Online casino gambling is becoming increasingly popular around the world. 

In fact, these platforms are some of the world’s most profitable businesses for everyday devices such as computers, tablets and smartphones.

The global online gambling market will be worth $92.9 billion in 2023, up from a closed value of $59 billion in 2019. That’s a nearly three-fold increase in value.

Here are just some of the games online casino users enjoy playing: sports betting, dice, lotteries, table games, roulette, poker, black jack, mini games, slots.

The pandemic has accelerated this popularization of online casinos in the world, as well as in other areas of digital entertainment, affecting gaming categories such as slots and table games, with growth of up to 60% and 40% respectively. The main reason for this is that people cannot visit land-based casinos, gaming halls, horse racing, sporting events and other places.

Benefits and Incentives to Online Gambling

According to numerous studies conducted on online gambling, its growth is linked to an increase in connected devices (9 out of 10 cell phone users in the world now own a smartphone). Another factor is the tactics that online casinos have used to attract a younger audience. In fact, many people who have never been interested in online casino gaming have been attracted to them because of incentives such as the variety of games available in catalogs, bonuses, free entry into tournaments and ease of payment.

How do I Get Started in Online Gambling?

Web sites such as CoinPlay have resources such as “Gambling School,” which provide information, lessons, tips, and guides for those new to online gambling.

For example, in sports betting, “odds” refers to the probability that a team will win, lose, or draw, and “express” refers to combining several outcomes in one bet or combining two or more games to increase winnings.

Or, another tip for playing slots is to understand the concept of “return to player,” which refers to the amount of bets that will be returned to the player over a certain period of time. Betting school explains that each machine has a different return to the player, but the best offer is between 95% and 97%.

The Importance of Technological Development

The growing popularity of online gambling is also linked to the development of technological solutions: from the availability of reliable and fast Internet, such as provided through satellite nodes, to blockchain (recording transactions made with cryptocurrencies), the growth of software, cybersecurity and even virtual reality. All of this leads to simplification, increased security and immersive reality. Recent studies also show that a major advantage of online gambling today is the freedom it gives you to play when and how you want.

This is made possible by new technology, and the ability to connect is the basis for a wide range of information, entertainment and news.

A Much Greater Range of Games

The gaming offerings at traditional casinos are either limited by space or budget.

Whereas in online casinos you can find a wide range of gambling games such as hundreds of slot machines, different versions of table games such as blackjack, poker, roulette, dice, etc.

The Evolution of Slot Machines

Nowadays slot machines are considered to be a must-have in both online casino catalogs and land-based gambling halls. Created in 1887, the first slot machine called Liberty Bell was considered a pioneering invention for its time. With three cylindrical reels, a box and a lever came the ingenious gambling device that dominates the world of gambling today.

At that time, the machines did not give out prizes in the form of money, but offered cigarettes or chewing gum. In some cases, fruit symbols reflected the taste of chewing gum, which could be won as a prize. Thus, fruit symbols were created, which can still be seen on slot machines today.

From 1887 to 1908, various slot machines were created that popularized this type of game in bars. The technological leap was made with the advent of the first electronic machine in 1963, created by Bally Technologies. It was called Money Honey and paid out a maximum prize of 500 coins. It was the first slot machine that came closest to the modern format.

Blackjack: Another Gambling Promoter

Another gambling game that can’t be left off the menu of both online and face-to-face games is classic blackjack. This card game originated in 17th century casinos in France, where it was known as “Vingt et Un.” The game made its way to the United States, where it evolved into what we know today as blackjack. 

Nowadays, gambling attracts a large number of amateur players. The ability to access digital platforms as an alternative to face-to-face gambling has spurred the development of an online gambling industry that is growing at a rapid pace.  

Online casino halls are now offering new gaming modes. Casinos continue to develop new offerings to add to their catalogs thanks to technological innovations on their digital platforms. However, classics such as slot machines and blackjack are still on the pedestal when it comes to gambling.

Conclusion

Thanks to the widespread use of online betting since its inception, software developers have expanded the gaming possibilities for online platforms. 

On CoinPlay in any mode, whether on the betting site or in the mobile app, the number of entertainment options is enormous. On this casino platform you can find more than 400 types of slot machines, classic games and all possible sports betting, including cyber sports.

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