|Staff Reporter |||Apr 18, 2019 10:17 AM EDT|
The internet has dramatically changed how punters place their bets and the statistics that they need to put their wager. A couple of years ago if you wanted to put your chance, then you had to use newspapers magazines and radio to gather the information that will help you. However, the internet has changed how things are done, and you can practically find anything you want online. Studies show that by the end of 2018, the gambling industry was worth a whopping £120 billion.
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All this revenue can be attributed to the influence of online gambling. There are new players like Betway coming up, which are sponsoring big teams like the Westham United. And the fact that you can bet online means that there are more takers than ever before. However, to fully understand the significant ways in which technology has reshaped gambling then let's a take a walk down memory lane.
History of the gambling history.
Since the beginning of humankind, gambling has been around. However, the actual evidence of gambling can be traced back to 100AD where dice and card games have been around. The first man to make a profit out of gambling was known as Henry Ogden. He won from racehorse betting after successfully studying the field.
In the US gambling was only confined to race horsing. However, in 1961, all other games in gambling were made available although the technology was non-existent at the time. There more than 10000 shops which were set up in the US.
In 1998, the internet caused a stir around the globe, and gambling companies took advantage of this phenomenon. Some betting firms like Betfair and Betdaq went ahead to exploit the internet by launching poker and bingo sites. This move led to a fast-rising phenomenon which has continued to rise.
How has online gambling changed the industry?
Online gambling has gone ahead to bring gambler a bit closer to wagering - some bookmark which has gone ahead to design mobile apps. Thus as long as you register with the app, then you can gamble whenever and wherever they are. According to a study which was done in the UK mobile game gambling increased by 75% in 2012. More than 160 million people place their bets via mobile today, and the number is only going to rise.
It is without a doubt that mobile gaming will soon take over traditional gambling at the rate people are accepting it. For instance, sports betting is the most popular form of gambling with more bookmarkers developing apps.
Technology and the future of online gambling.
At the rate at which technology is growing then online gambling is also going to grow. For instance, 5G Networks are soon going to take over and change the level of technology and how it is applied in various industries. It is expected that virtual reality will be also be used in the gambling industry. You will be able to attend a gambling session using VR and thus increasing the level of user experience.
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