Online gambling statistics are just mind-blowing, with almost 2 billion people around the globe that engage in some form of gambling on a daily basis. Although online gambling has been around for the past 20 years, it was only in the last decade that there was a noticeable boom in the industry, and this was fast-tracked even more with the US change in gambling laws in 2018. The most popular forms of online gambling around the world are sports betting and online casinos, with the global sports betting market said to be worth almost $203 billion, and the online casino industry at around $270 billion. There is no doubt that everyone wants to get in the action, and with the constant debates around which is better, we take a look at some of the key aspects of each.
The online casino market has always offered appeal in the form of aesthetics, awesome visuals, and ease of playing a variety of games that include blackjack, roulette, and many types of slots. Lately, you can even get fast and easy cash out as well, especially if you’re following Casino Reviews’ advice on the best online casinos in the industry. This has evolved even further with developments such as iGaming technology that offer a fully inclusive, personal experience with a wide range of dynamics that die-hard casino fans just cannot resist. On the other hand, the popularity of sports betting is based on one thing alone – the love of sports, and most people get hooked on sports betting because of the exhilaration and unpredictability of placing a bet on a live match. Most sports bettors feel involved in the process because it feels more real. And just as with online casinos, there are a wide variety of sports that can be bet on, from NFL and football to rugby, boxing, and horse racing.
Apart from great visuals and personal experiences, both forms of betting offer a variety of betting options, which is of course a crucial element. There is no doubt that sports betting involves more strategy and much more thought whereas online casinos are rather straightforward unless you’re playing games such as blackjack or poker. Online casinos offer impressive games of chance, huge jackpots, and generally the ability to play a little longer, but the world of sports betting is captivating with its wager options that include wins, places, point spreads, and handicaps. And if you’re tired of one sport – simply move on to the next!
This is where it gets a bit tricky. We’ve already mentioned that sports betting requires strategy and knowledge to grow your bankroll, and this is extremely simple if you’re playing an online slot casino game. Your chances at winning in an online casino or at sports betting are very similar, and dependant on strategy, betting amounts, and of course the size of your bankroll. The thrill of the rush associated with sports betting is very much along the lines of a slots player aiming for a jackpot, but in the long run, proper strategy always matters to hold on to your winnings.
Sports betting is ultimately a game of skill and strategy. Many gamblers might actually find purpose in educating themselves over several years in order to perfect this strategy and increase their chances of winning. Online casinos offer more relaxation and entertainment without the stress of having to study or understand a game, unless, as I’ve mentioned, you are playing a game of strategy and not of chance. Betting on sports is seasonal, giving bettors the continuous opportunity to learn more and perfect strategies on different sports. Online casinos however are available 24/7, with games to suit every personality.
When it comes down to choosing between the two, we have to leave it up to you. There is no way to say unequivocally which form of gambling is better. If you prefer the thrill of betting on an outcome of a sport, or perhaps placing a wager on something with extremely high odds, the choice is yours. But if you’re looking for a laid-back time without the hype, an online casino will do it for you. You do however have the best of both worlds at your fingertips, so why not give them both a try and see which you prefer?
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