Why Online Gambling is Becoming the “King” of the Casino Industry
Online gambling has recently become one of the fastest-growing industries worldwide, offering fun and entertainment at a time when many have been under movement restrictions due to the coronavirus pandemic. More people have considered online gambling and the market for online casinos has exploded as companies are formed to benefit from healthy profits. The market is expected to grow by around 11 per cent each year up to 2027 as more and more players have cheap access to the internet and mobile devices.
Industry experts in the gambling business believe the transition from traditional brick-and-mortar casinos to online casinos is inevitable. Sites like casino red kings offer a broad range of games from several software providers so players have more choice than at a traditional casino. This site is also licensed which means the games are fair and personal information is held securely.
Virtual reality and augmented reality
Several VR gaming consoles have already been developed on which it is possible to play slots and other casino games in a more exciting way. These consoles enhance the features of virtual reality goggles and are giving casino software developers the chance to create more exciting games that will push online casinos far in advance of traditional casinos, with the internet the priority business in the industry. VR casinos will be as realistic as possible, developed from a specific platform for VR gambling that can be used on desktop and mobile devices.
Augmented reality will let players follow a game, even though there is no physical contact with the game itself. This means that VR games using AR can be virtually interactive with the player with 360° video. Though not yet widely available, the use of VR and AR is likely to witness the demise of brick-and-mortar casinos.
Demo sites for beginners
New gamblers had previously been reticent to bet at a traditional casino because they lacked an understanding of the rules of some games, particularly complicated games like craps. The risk of rapidly losing their bankroll through this lack of knowledge and experience was enough to stop many from crossing the threshold. Online casinos have solved this issue by offering free demo sites where players can test their strategy. Online casinos also offer freely accessible tutorials for their games, with charts that can be referred to when playing real money games, when considering the next move in a game.
The increase in smartphone ownership has made play at online casinos much simpler. Players could play casino games from their couch for just a few minutes to several hours without needing to plan ahead to get ready and travel to a casino. Money saved by not travelling or staying at a hotel can be spent on gaming for a potential big win.
Games are accessible across a range of mobile devices, with slots being available as part of casino apps on Apple watch since 2017, which allows play from almost anywhere in the world whether on a work break, a daily commute or other free time at any time of day or night. An added bonus of playing online is that you can play instantly without needing to wait for a space at the table.
Range of games
All casino games have a house edge that favours the casino and allows it to create profit to maintain the business, but big wins are still possible for the lucky few. The house edge of slots can be anything from 2 to 10 per cent whilst Baccarat is 1. 5 per cent. Yet the jackpot prize in slots could make you a millionaire, though the odds of winning are slim. With Baccarat you can easily win but at a much smaller value. This means that players can choose the level of risk they want to take across a range of games.