Betting nowadays is not related to only recreation activity albeit it has now taken a new direction into business and industry. For some it’s a pleasure activity and for the others it is a lucrative business. Although betting is not very a new sport which has emerged in this century, it has been a popular one’s ancestors and forefathers and the historians date back the involvement into this activity to prehistoric times. It has been factually proved that even the Live Draw Singapore early caveman was a gambler.
Betting to a layman will mean sport involving money and an easy way to multiply the same. Although being a part f this sport means staking of one thing or the other. History has witnessed several incidents where not only wealth and material objects were a part of this game but also one’s own identity or the ownership of a relative was attached.
Betting activity in this century has brought a two dimensional outlook. With high paced lives and deficiency of time for pretty much everything, even recreation activities are time bound. To this modern age life, Internet comfortably snuggles in and creates a posture of unique, this provides room to Online Betting. As compared to traditional betting practices where one has to be physically available in the arena of casino, online betting gives us the comfort of betting in the privacy one’s homes or café.
To help expand elaborate on the kinds of betting lets have a finer research the basic features of both. Traditional betting basically has three types of games involved specifically the table games, random games and gaming machines. Almost all the categories in traditional betting requires parting with physical cash and getting them became chips which are of various denominations and are then further used in the game. The only division of game which does not require conversion of cash into chips is that of slot machines. Here the gambler has to place a quarter into the video slot and pull on the lever. You may still find some games where cash is placed, but that is mainly restricted to games which involve huge jackpots. Generally in such games the basic deposit only chunks up to a large amount.
Online betting, on the other hand, is a relatively comfortable way of enjoying the game. Needless to say the reason for its beyond any doubt popularity goes to the time factor and the option of pleasure at the click of a button. Moreover, in order to attract more and more people into online betting the owners make their sites tempting by offering various payback schemes and advantages to its members. All sorts of games can be selected by just signing over the internet. This is the games available in this form of betting can be broadly divided into two categories, one where a particular software needs to be acquired and the other which can be played without it as well.
Comparative Analysis of Traditional Betting and Online Betting
Although online betting is gaining momentum, traditional betting is still the undisputed leader in the business. There are pros and cons in both forms of betting and it depends upon the non-public taste of each gambler as to which form suits his or her requirement.
In traditional betting which you could find the adrenaline rising and pressure on one’s nerves, the same is a miss in online betting to some extent. The pleasure of winning and celebrating can be only enjoyed in the traditional betting. The drive behind playing it again and again lies in winning and celebrating, this provides instant boost in operation of the casino owners. Winning of one motivates thousands others in order to in the game. Thus if we see the involvement, pleasure and financial part of betting, no doubt traditional betting would take a lead engrossed.
Online betting, on the other hand, suits one and all to the extent of men and women moving into remote areas where option of a real casino is a miss. All it requires is a basic internet connection and you are into the pleasure of the sport. It gives you the leverage of time and space. Another benefit of online betting can be that one can enjoy huge affiliate marketer payouts and bonuses, but along with it the companies keep a catch of not paying the entire earned amount in order to make the gambler play for long. The reason for making a player gamble for longer stays is that generally the longer you play the probability of you losing increase, thereby making the casino owners experience higher profit margins.
In terms of business traditional betting is favorable to the casino owners. They have all the tools and tactics available to have a gambler play and stay for long which means that the odds increase in the favor of casino owners. But for a gambler, traditional form of betting may be of loss at times as the earnings are lesser than the actual amount earned. Generally the affiliate marketer payouts are in terms of 5 or 6 times the actual amount put at risk but the casinos pay out lesser and so results in visible loss.
Conclusion
Betting in the eyes of gambler has unique dimensions which cannot be gauged by the critics. Form of betting may have difference of opinions but the ultimate pleasure of sport cannot be undermined in either form of betting.
On the other hand betting as a line of business may mean many different to the casino owners. They would have an altogether different stream of thoughts to evaluate the two forms of betting.
Last but not least, the forms of betting have their own set of pros and cons and none of it can be reported to be perfect. It totally depends upon the individual to choose from your options available which can satiate his or her desire.
The only common thing in the fields is to set up individual limits and to keep his or her decisive powers strong so as to know when to draw the line.