Gaming is one of the biggest and most profitable industries in the world. Recently, there has been an increased interest in this industry, resulting in the creation of various sub-industries.
One of those is iGaming, which is experiencing its rise from second to second. We assume that you have heard of this type of gambling, but if you haven’t, don’t worry. We will answer all the important questions and who knows, you might end up realizing that this is your kind of fun.
When the Internet became a commercial tool that could be used by everyone in the early 90s, it wasn’t long before you could play online games. However, online gambling became available in 1998, and with the arrival of smartphones, the industry grew exponentially. So, by 2010, this form of online entertainment had become very popular.
Development seems to be never-ending. We’ve come a long way since Planet Poker’s first online site – now there are phone apps galore!
But what is iGaming today?
What is iGaming?
iGaming is a form of online gambling. It involves playing different types of casino games, betting on sports, and taking part in poker tournaments from the comfort of your own home. All you need is a computer or any other device with an internet connection to be able to access all these opportunities.
Today there are two types:
- Online Sports Betting
- Online Casino
Online Sports Betting
Predicting the outcome of a sporting event to win cash prizes is the basic rule of sports betting. Online betting includes every major sport you can think of, from football and cricket to soccer and tennis, as well as boxing, baseball, basketball, motorsports, horse racing, fantasy sports, and even e-sports.
Today, this is the largest form of betting in the world. Bookmakers have developed their applications through which you can bet and track the results.
Online casinos are THE place to go for online gambling. iGaming websites offer up video slots, online poker rooms, roulette, blackjack, baccarat, and more. Of all the games on the casino floor though, fruit machines are probably the most popular. Online casino operators and developers know this too which is why they’re constantly developing new payline mechanisms and themes with bigger prizes to attract players.
The main difference
As you are now probably aware of the difference between the two, here are a couple more distinctions you might not have previously considered.
The purpose of gaming is to have fun, while the purpose of iGaming is to make money
It’s no secret what the goal is when it comes to playing games. It’s having fun! Whether you’re playing a single-player game for hours on end or competing with friends in an online battle royale, the main goal is enjoyment.
On the other hand, when it comes to iGaming, whilst still being enjoyable and entertaining, the primary purpose is more focused on winning money. With online casinos, such as those found on Slothunter, you can play a variety of different games to make money from your winnings.
To be fair, some would argue that you are seeking fun when you decide to bet online, but we feel like everyone would agree that having fun is not the main goal for those that decide to bet a few bucks on a poker machine or a sports event.
Unlike Gaming, iGaming can only be done online and not in person
You probably knew this but it is worth mentioning. iGaming can take place in the comfort of your own home or on the go with an internet connection and a device that supports online gaming.
This opens up a world of possibilities, including access to some of the most popular games from around the world, which may not be available at a traditional casino. Plus, many online casinos offer bonuses and rewards to keep players coming back for more.
So whether you’re looking to play a few hands of blackjack or try your luck at a slots tournament, online casinos offer something unique that regular gamers can only dream of.
While we game, we can socialize and perhaps even meet new friends, iGaming offers a completely different kind of experience. You can join in tournaments with players from all over the world or challenge your friends to see who has what it takes to beat them at their favorite game.
You usually spend a lot less money when playing regular games
In case you did not know you could spend money and bet on regular games and eSports events. But, it’s common for people to spend less money this way. This may be because there aren’t that many events people would choose to bet on and many don’t like paying for in-game skins, power-ups, chests etc.
But when it comes to iGaming, there are millions of players involved in the activity. While it is important to note that the minimum bet for iGaming is often very low, it is dependent on the type of game that is being played and the amount of money someone is willing to bet. After all, the more you bet the more you stand to win.
There are no real-life consequences if you lose a game, while there may be financial consequences if you bet real money
Losing money while gambling can have serious financial consequences in the real world. Remember that when playing online casino games, your games have real-life stakes attached to them.
Since gaming is only for fun and not gambling, you don’t have to feel guilty or worry about losing – unlike in actual gambling.
We do not want to list the serious consequences that you can feel if you are not careful when it comes to money and gambling. However, if you are rational and like to have fun, we believe that this activity will be a pleasure for you.
So, when it comes to gaming versus iGaming there are some major differences that you need to be aware of before deciding which type of gaming is right for you. Choose wisely and enjoy the experience!