In this chaprter we will take a closer look at the virtual world of online gambling.
Online casinos vary in appearance and in the ways their games are conducted. As you know by now, most of the online gambling sites are actually junk sites with banner farms, obnoxious ads and lot of annoying pop-up windows. But fortunately there are also some gambling sites with real content and good services.
Also, visit my blog post Virtual Casinos for additional information about online gambling and online poker rooms.
Before we even start to discuss specific issues pertaining to online gambling sites, we need to define different types of gambling sites and list them into appropriate categories. We can divide them into five basic categories: online casinos, online poker sites, online sportsbooks, online bingo, and mobile gambling.
Online casinos (also called virtual casinos or internet casinos) are online versions of traditional land-based casinos. Online casinos enable players to play and wager against the house, on various casino games. Just like land-based casino, online casinos also make a profit from the house advantage, which is a small percentage of each winning bet, that ultimately adds up to the entire bankroll of any player that keeps betting and winning. Players actually lose their entire bankrolls through a series of winning bets, because they pay a small percentage to the house every time they win (not when the wagers are lost).
Since online casinos have lower operating costs they generally offer odds and payback percentages that are slightly higher than those of average land-based casinos. Reliability and trust issues are commonplace and often questioned. Many online casinos lease or purchase their software from well-known companies like Microgaming, Playtech, Realtime Gaming, and CryptoLogic Inc in an attempt to piggyback their reputation on the software manufacturer's credibility. These software companies use Random Number Generators [RNG's] to ensure random results.
Online casinos can further be divided into three groups, based on the type of interface used: web-based casinos, download-based casinos, and more recently live casinos. It should also be noted that some online casinos offer multiple interfaces.
Online poker sites are virtual card rooms where poker players can play online poker. Unline online casinos, where players bet against the house, online poker players play against each other. The online card rooms make their proffits through the rake and/or tournament fees.
Online sportsbooks online gambling on the results of sporting events. Sports betting is the general term for predicting sports results by betting on the future outcome of a sporting event. The legality and general acceptance of sports betting varies from nation to nation. Due to the fact that this site is primarily about playing cards and card games, we will not discuss sportsbooks in greater detail.
In short, mobile gambling refers to gambling done on any number of remote wireless devices, such as, mobile phones, etc...
back to CARDSHARK Online home page