Online Vs. Traditional Gambling: Differences Matter in a Big Manner
Gambling as a sport evokes different interpretations in different countries. While some nations have made gambling legal, others continue to put it under the bracket of illegality. If we put aside the legal debate for a moment, gambling is fun and presents an interesting opportunity to bet on your favorite games and teams. And, if you get lucky, the earning opportunities are immense too. No surprise, the popularity of gambling across the globe is high, with more and more enthusiasts trying their luck in different domains.
Depending upon the format, we primarily have two different options for
gambling: traditional gambling where betting takes place in physical,
land-based casinos and online gambling where betting happens in online casinos.
While the former has been in existence for eons, the latter has risen to
prominence only recently. Online Bitcoin casinos are climbing up the ladder of popularity very quickly; thanks to the
aspects of internet connectivity and high security, people are latching to the
prospects of online gambling.
Online Vs. Traditional
Physical casinos are traditionally preferred as these not only present an
opportunity to gamble, but also satisfy the social needs of the masses.
However, one needs to travel to the place, and the process requires a
substantial amount of effort, both physical and monetary. The advent of online
gambling has simplified this process, and all you require is just a computer
and internet connection to start with.
Both formats have their own merits and demerits, but going by the present
time, online gambling is emerging as a more convenient and safer option than
traditional gambling hosted by physical, land-based casinos. Apart from the
convenience, we can differentiate online gambling from traditional gambling on
several parameters, including the speed, money transfer, availability of seats,
bonus options, and restrictions. Let us see in detail how traditional gambling
is different from online gambling on each of these parameters.
1) Play Speed:
The speed of the play is faster in online gambling than traditional
gambling. This can be a boon as well as a bane. In case you aim to maximize the
profit, the high speed comes as a boon for you. However, if your motive is to
conserve the money than the slower format, i.e., traditional gambling is more
suitable for you. One specific advantage that online gambling provides is to allow
users to place a lower bet than what is allowed in the traditional gambling.
For example, the minimum bet in the traditional gambling starts from $5 while
you can place a bet of even $1 in case of online gambling.
2) Money Transfer:
One of the primary reasons behind the preference of online gambling over traditional gambling is the convenience of money transfer. Online gambling has faster transactions, and it allows many options to deposit and withdraw money. In traditional gambling, you need to deposit money to the casino so that it can be converted into casino chips. These chips will convert into regular currency once you finish the game. All these processes take time, and overall, it is not a very convenient affair for gamblers.
Online gambling, on the other hand, is more flexible in accepting different payment methods, including credit card payments, bank wires, drafts, online wallets, etc. Further, many online casinos are accepting cryptocurrencies like Bitcoin. Specifically, the option of accepting payments through cryptocurrencies has found immense favor with gamblers. As the transactions remain anonymous, online gamblers have less likelihood to get embroiled in legal complications.
3) Availability of Seats:
Physical, land-based casinos have limited seats, and many times, gamblers
must wait for their turn to place a bet. This inconvenience was not considered
a hard way, but now with everything becoming accessible
at our fingertips, this wait factor could easily play a spoilsport.
Online gambling does not come with any such limitations as slots are
always available. The software is designed in a manner that you start playing
the game as soon as you log in to the site. The high competition in online
space is also one of the contributing factors to this wide availability of
4) Bonus Options:
In order to attract more players to their website, online gambling sites
offer lucrative bonus options for players. Traditional gambling, on the other
hand, relies more on the complimentary items and coupons to attract the crowd.
Of course, you need to be careful while choosing the bonus offers given away by
the online casinos, as there might be some stringent terms and conditions
attached to it.
In traditional gambling, the only restriction comes in the form of the
age factor and depending upon the country, you need to be at least 18 or 21
years to play the betting game. However, laws and regulations related to online
gambling are quite vague. While online gambling is banned in some nations, some
have maintained a flexible approach with minor rules and regulations. Hence,
you should check with your local laws before taking the plunge into online
It becomes evident from the above discussion that differences between
online and traditional gambling are enormous. These differences can make a
significant impact on the gambling industry, and the advancement in information
technology. More specifically, cryptocurrency can change the landscape of the
betting industry comprehensively in the future. Along with the other factors,
the choice between online and traditional gambling also boils down to the
motive behind the betting process.
However, it is crystal clear that online gambling has a definitive edge
over traditional gambling, thanks to its high speed, faster payment processing,
various promotional offers, and instant slot availability. The only aspect
where it lags traditional gambling is on restrictions and statutory controls.