You might think that all gambling takes is a bit of common sense: You put a few bucks into a machine or down on a table and try your hand at winning. That is decidedly not all there is to it.
There are many different forms of gambling you might not even realize are considered part of that form. Slot machines, sports betting, the lottery, even online casinos all fall under the same category. It is not all bad and harmful, though. Gambling, when played responsibly, can sometimes turn out in your favor and be well worth your time.
There is much to know about gambling before you get too deeply into this potentially scary world. So It is useful to know some facts about the game.
These six facts about gambling might surprise you, but they will give you a new outlook on the experience.
More people gamble than you might think
At least once in their lives, around 85 percent of all Americans have gambled. That huge majority includes even those who are not of legal age to be gambling.
The reason so many people play is that the games are fun, even if you don’t end up winning! The chance of winning is exciting, but the themes of slot machines or the luck of a good hand add to the enjoyment.
Considering the number of people who gamble, it is no surprise that the gambling industry is as big as it is. So many people want to try their hand at hitting it big at table games or slots, or even scratch-off tickets.
Everybody wants free money, right? Gambling could be the way to get just that. Put in a little for the chance to win a whole lot!
Online gambling is taking charge of the gambling industry
By 2024, the worldwide online gambling industry is expected to reach $94.4B. It has already raked in millions of dollars for casinos within a very short time. The speed with which the industry has risen is quite alarming.
Online gambling has been legalized in many countries around the world which have caused the massive growth of the industry.
More players have access to casino games than ever before and much of the world’s population has an internet connection or a mobile device that can be used to play games when lounging at home or waiting for a meeting to start.
Gambling in casinos has acted as a form of entertainment for decades, and this new wave of modernized gambling has helped the industry up its game.
Even though not every country or state has legalized online gambling, the industry is still booming. It’s a fun way to spend some time that could earn you a little cash!
You are more likely to win in a casino than from a lottery ticket
The house has a 50 percent edge when you play the lottery. Surprising, right? That’s a 50 percent chance that you will be the one to lose.
Casino games are much more likely to lead you to a win. Even a spin on the roulette table has a lower loss percentage than the lottery.
Some people do get lucky and hit the lottery big, but more people end up losing. Playing in a casino, online or live, will give you a better chance to make some money.
Often, playing casino games is more entertaining, too. You can play those games longer, whereas the lottery just involves hope that you got the right numbers. And with the proliferation of online platforms that showcase the latest and greatest online bonuses for casinos and specific games, it’s no wonder the industry continues to grow more and more (Personally, I use OnlineCasinoGems to check up the latest bonus offers and make the most out of my favorite online gaming experience).
Some people are more prone to become problem gamblers than others
Gambling is meant to be fun, but more people than you might realize gamble until it becomes harmful to them.
Men are 7.5 times more likely than women are to become problem gamblers. This could be because men tend to take more risks and women are more inclined to conservative play.
The occurrence of problem gambling has increased over the years, so it is important to gamble intelligently. Playing frequently or spending too much money each time you play could be signs of a problem.
Play in moderation to make the most of your gambling experience. Enjoy the thrill of casino games and betting, but be careful you don’t get addicted to it.
Online gambling is geared toward a younger crowd
More than 40 percent of online gamblers are between the ages of 21 and 34. This might be because these younger adults are more tech-savvy than those who are older.
Older generations most likely prefer heading out to live casinos. That way, they can make a trip of it, get freebies from hotel-casinos, and rack up points on their gambling cards.
It is a little bit scary that so many young people have such easy access to gambling platforms. Simply check sites like GamblingHorizon.com for how popular online casinos have become. There are literally thousands of listings out there which is insane. The younger you are when you start playing, the more likely you are to acquire a gambling addiction.
Many of those who play online have likely seen an advertisement for an online casino while using the internet or even on TV. The use of technology is causing people to be more prone to hop into online gambling.
Most of the marketing done for gambling is not regulated
About 80 percent of advertising for the gambling industry is conducted online. While this is not much of a surprise, since most marketing takes place online, it should make you a little uneasy. Online gambling advertisements on certain platforms do not have any regulation.
Anyone can create advertise on social media and anybody with internet access can see the ads, greatly expanding the audience even to those who should not be gambling.
Children and teens are gaining awareness of ways to gamble and now have access to the world of betting money.
In addition to young people, problem gamblers who may have overcome their addiction can easily be convinced to begin again with the number of gambling ads that exist online.
The lack of regulation on these ads is alarming because of the potential harm they can cause. Be careful about the advertisements you read, because some might not be giving the most truthful information.
Gambling is meant to exist as a form of entertainment. It should be fun and exciting, not scary and harmful.
Gamble the right way to make the experience what it is meant to be. Join the large number of people who already gamble to see if you have the luck it takes to win!
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