Online gambling has grown to be industrious on the internet. With just one click of a button, you can easily find yourself surfing the web. Online betting has become very advantageous for gambling enthusiasts that live in countries where it is illegal, such as Singapore. How did online betting pave its way through the internet? Let’s find out.
Major Gambling Sites
Even before the internet was a thing, gambling has already been part of the industry for quite a long time. It didn’t take them long to bring it to the internet when the Free Trade and Processing Act was passed in 1994. Companies like William Hill and Bwin have grown so famous; they have their logos on football jerseys of legendary teams.
Casinos were the first form of gambling ever to enter the internet. The same year as the Free Trade and Processing act was passed, a company called Microgaming was able to construct a real-money online casino for the first time and named it The Gaming Club. Not long after that, CryptoLogic also followed suit and InterCasino was born. These two companies have made a prominent face in the gambling industry that they’re still in existence today, with millions of satisfied customers.
Online Sports Betting
What came next after the casinos were sports – placing bets and wages on players and teams of various sports was a significant event in the gambling industry all over the world. Once people saw how much of a success it was, plenty of other companies joined in the fun as a means of increasing their business profits. At 2002, live betting was introduced, which instantly became a significant hit. Gamblers can finally bet against the odds while watching the action.
Planet Poker was the first online betting Singapore site to have poker for betting enthusiasts. Although there were a lot of technical difficulties because of internet speed and its unreliability, the rake levels are still the industry standard, surprisingly. Nevertheless, online poker still grew fast, especially when Chris Moneymaker won 2.5 million dollars in the World Series of Poker (WSOP).
Like Singapore, the American government passed an act called the Unlawful Internet Gaming Enforcement Act (UIGEA) and caused temporary chaos to local gamblers. And yet despite that, online gambling still remains one of the biggest industries in the world and is always looking for new tricks up its sleeve to compel you to gamble positively.