As of 2016, the online gaming market in the world is a $45 billion annual industry. But it’s crazy how uneducated some people are in the industry. After all, it’s not like cars or fast food — not everybody is involved.
If you’re new to online gaming addiction and want to learn more about what you’re getting into, this is a blog post for you.
Internet gaming isn’t necessarily legal anywhere, but it’s not exactly illegal, either.
I am writing this post from the United States, and the legal situation surrounding online gambling is at best unclear. There are no federal laws that specifically ban activities such as online casino games and online poker, although the Federal Wire Act bans sports betting on any sort of “telephone-like” system. Yet the rules of the state differ greatly.
It is, of course, illegal for a non-licensed company in the USA to sell gambling to US citizens. Most offshore gaming firms just neglect this, thinking they are too far removed to face prosecution. Bear in mind that this means that the firms that sell real money games are the ones that violate the law — not the bettors.
For a few states, online casino gaming is specifically legal and regulated. For those places, you’ve got to play at a state-regulated online casino, and playing at a casino that isn’t approved by the state could make you run out of the rules, too.
And in other states, the laws banning gambling are deliberately broad. They will also claim something that makes it illegal to use any gaming device that is not expressly stated in the laws of the state. It will also involve a computer that is linked to the Internet.
The random number generator (RNG) may be the most significant piece of technology in the industry.
This argument refers to online casino games, online bingo games, and online poker. But clearly, it doesn’t matter when it comes to online sports betting.
If you want to understand a little about the Internet gambling market, you can start by learning what a random number generator (RNG) is. Here’s how the RNG works: a random number generator is a computer program that produces random numbers. When you play some kind of internet gambling game, the result is decided by a random number generator program.
This is not new, by the way. All the gaming machines (slots and video poker) that you see in a typical land-based casino use the same kind of software to assess their outcomes.
The software is essentially just a list of numbers. Each of these numbers corresponds to the outcome of the game of gambling. The software loops through these numbers are thousands of times a second. For example, when you hit the “deal” button in an Internet blackjack game, the program stops on whatever number it was in the millisecond.
About 70% of income in the industry come from electronic slot machines.
This used to be the amount attributed to slot machines in the land-based casino industry, but in more recent years, slots have come to account for 85 percent of income in a land-based casino — at least in the United States. (I understand that in Europe, table games are much more common than “fruit machines”) I can also believe that in certain countries, slots make up an even higher percentage of income. I know that the Australians love to play pokies with a passion that’s hard to grasp. Finding a blackjack table in a land-based casino can be done — it’s just not easy.
In reality, the days of mechanical and electro-mechanical machine à sous machines are long gone. Only slots in a typical casino that LOOK like mechanical slots are operated by a computer program.