Gambling nowadays is not related to a mere recreation activity albeit it has now taken a new direction into business and industry. For some it’s a pleasure activity and for the others it is a lucrative business. Although betting is not at all a new sport which has emerged in this century, it has been a favorite of our ancestors and the historians date back the involvement into this activity to prehistoric times. It has been factually proved that even the early caveman was a gambler.
Gambling to a layman would mean sport involving cash and an easy way to multiply the same. Although being a part f this sport means staking of one thing or the other. History has witnessed several Nigoal incidents where not only wealth and material objects were a part of this game but also one’s own identity or the ownership of a family member was staked.
Gambling activity in this century has taken a two dimensional outlook. With high paced lives and scarcity of time for almost everything, even recreation activities are time bound. To this new age life, Internet comfortably snuggles in and creates a position of its own, thus giving room to On-line Gambling. As compared to traditional betting practices where one has to be physically available in the arena of casino, on-line betting gives us the comfort of betting in the privacy of our homes or café.
To further elaborate on both the categories of betting lets have a closer look into the basic features of both. Traditional betting basically has three types of games involved namely the table games, random games and gaming machines. Almost all the categories in traditional betting requires parting with physical cash and getting them converted into chips which are of various denominations and are then further used in the game. The only division of game which does not require conversion of cash into chips is that of slot machines. Here the gambler has to place a quarter into the slot machine and pull on the lever. There are still some games where cash is deposited, but that is mainly confined to games which involve huge jackpots. Generally in such games the basic deposit only sums up to a huge amounts.
On-line betting, on the other hand, is a relatively comfortable way of enjoying the game. Needless to say the reason for its manifold popularity goes to the time factor and the availability of pleasure at the click of a button. Moreover, in order to attract more and more people into on-line betting the owners make their sites tempting by offering various payback schemes and added advantages to its members. All sorts of games can be selected by just logging on the website. Basically the games available in this form of betting can be broadly divided into two categories, one in which a particular software needs to be downloaded and the other which can be played without it as well.
Comparative Analysis of Traditional Gambling and On-line Gambling
Although on-line betting is gaining momentum, traditional betting is still the undisputed leader in the business. There are pros and cons in both forms of betting and it depends upon the personal liking of each gambler as to which form suits his or her requirement Nigoal289.
In traditional betting where one can find the adrenaline rising and pressure on one’s nerves, the same is a miss in on-line betting to some extent. The pleasure of winning and celebrating can be only enjoyed in the traditional betting. The drive behind playing it again and again lies in winning and celebrating, thus giving instant boost in business of the casino owners. Winning of one motivates thousands others to remain in the game. Thus if we see the involvement, pleasure and financial aspect of betting, no doubt traditional betting would take a lead into it.
On-line betting, on the other hand, suits one and all to the extent of people residing in remote areas where availability of an actual casino is a miss. All it requires is a basic internet connection and you are into the pleasure of the sport. It gives you the leverage of time and space. Another advantage of on-line betting can be that one can enjoy huge payouts and bonuses, but along with it the companies keep a catch of not paying the entire earned amount in order to make the gambler play for long. The reason for making a player gamble for longer durations is that generally the longer you play the mivdzn chances of you losing increase, thereby making the casino owners reap higher profit margins.
In terms of business traditional betting is favorable to the casino owners. They have all the tools and tactics available to make a gambler play and stay for long which in turn means that the odds increase in the favour of casino owners. But for a gambler, traditional form of betting may be of loss at times as the earnings are lesser than the actual amount earned. Generally the payouts are in terms of 5 or 6 times the actual amount put at stake but the gambling establishments pay out lesser and so results in visible loss.
Gambling in the eyes of gambler has its own dimensions which cannot be gauged by the critics. Form of betting may have difference of opinions but the ultimate pleasure of sport cannot be undermined in either form of Nigoal289 betting.
On the other hand betting as a line of business may mean totally different to the casino owners. They would have an altogether different stream of thoughts to analyze the two forms of betting.
To sum up, both the forms of betting have their own set of advantages and disadvantages and none of it can be said to be perfect. It totally depends upon the individual to choose from the options available which can satiate his or her desire. The only common thing in both the streams is to set up individual limits and to keep his or her decisive powers strong so as to know when to draw the line.