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7 Facts About Online Gambling

7 Facts About Online Gambling

Gambling involves betting on an event where the outcome is uncertain in the hopes of winning and when it is done using a computer or mobile device with an internet connection, it is known as online gambling. Players deposit funds into their accounts and bet on a variety of games. 

84% of online gamblers are men

The ratio of online men gamblers to online women gamblers clearly shows that men are much fonder of online gambling than women. For men, one of the most popular ways to gamble online is sports betting, followed by online poker. Men generally tend to prefer games like roulette and blackjack while women usually prefer to play online bingo and slots. 

Legal online gambling can be used to trace financing of terrorism

Terrorist organizations need financing to sustain their activities and they make use of online gambling sites to raise money. They try to exploit security gaps and opportunities for anonymity but using legal online gambling sites potentially exposes them to detection. Governments can carefully track and monitor electronic payment services and unravel terrorist networks. 

Online slots are the biggest money makers for low deposit casinos

One reason online slots are so popular is that they are fun to play with little learning required. All online casinos have a large selection of slot games that offer dynamic user-experiences. 

Slot games have easy instructions, clearly labeled controls and show different payouts for landing on winning combinations. Players have more freedom to place that initial bet and can even gain access to online games wherever they are with mobile phones. 

The highest payout slot in 2019 is Mega Moolah by Microgaming

The world’s largest online progressive jackpot slot, Mega Moolah, was created by Microgaming in 2006. Since then, Microgaming has paid out tens of thousands to winners. There is no free play option because a small percentage of each bet ends up in the Mega Moolah jackpot. The Jackpot Wheel can randomly trigger at any time. 

Bonuses provided by online casinos are not as good as they may seem

Casinos want to make bonuses generous enough to entice players, but they can’t afford to be so generous that they lose money. At first glance, some of the bonus offers may seem incredibly generous but there are conditions attached. For example, if you win a jackpot with funds from your welcome bonus, you probably have to deposit and wager a certain amount of your own money before you can withdraw it.

The sum of all the numbers on roulette equals 666

Back in 1655, Blaise Pascal, an inveterate gambler and math genius, was obsessed with creating a perpetual motion machine that could run on its own energy. He accidentally devised a key aspect of the Roulette Wheel, one of the most popular casino games. 

The fact that the numbers on the wheel add up to 666 gave rise to the rumor that Pascal made a deal with the devil. The truth is that it is probably a coincidence or an inside joke. 

Blackjack is the only game where knowledge of math will give you a supreme advantage

Unlike some other casino games, blackjack involves more than luck. Blackjack players have to consider statistics, probability and game theory when sit down at the table to play. Most of the practical winning strategies they come up with are based on knowledge of the changing composition of the card deck. 

Online gambling is growing steadily and has become a $40 billion a year industry in the United States. Whether it’s playing slot machines for fun or using mathematically-based strategies to win at blackjack, online gambling is providing entertainment for thousands of people today. 

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