What is Online Gambling?

Online Gambling refers to any type of gambling that takes place over the internet, including betting on sports events and games, as well as casino-style gambling. It is not a new phenomenon; however, technological advances have helped the industry grow in popularity as it becomes more accessible for gamblers of all ages and genders. Some of the most popular forms of gambling in this context include online poker, blackjack, roulette, and slots.

The growth of the industry has been fuelled by a number of factors, including cultural approval, legalization, increased Internet penetration, celebrity endorsements, and more. While there are many benefits to online gambling, it is important to note that it can also be a source of fraudulent activity, including account takeover (ATO) fraud, bonus abuse fraud, and credit card fraud.

In the early years of the Internet, a few companies launched the first Internet casinos. Eurobet and Centrebet in the UK were among the first to offer Internet sports and race betting. In 1998, Planet Poker began offering online poker and the gaming industry saw rapid expansion. It was not until 2002 that live betting was introduced, allowing gamblers to make wagers while a game was underway.

As with any other type of gambling, online gambling comes with a number of risks, such as payout delays and being used for money laundering. Gambling can also be addictive, so it is important to know your limits and play responsibly. If you suspect you have a problem, you can seek help from GamCare or other organisations.