April 28th, 2021
Bitcoin gambling is gaining momentum!
While traditional media were just starting to pay attention to cryptocurrency, various gambling portals were thinking hard about how best to take advantage of it. Many of those online casinos that once took the risk of building a business around Bitcoin (or simply adding a few cryptocurrencies as another payment method) are still operating successfully today.
Of course, Bitcoin's rate has very much influenced the growth of interest in virtual currencies. But even if we abstract away from BTC price charts, the willingness of gambling industry representatives to accept Bitcoin and other cryptocurrencies is very easy to explain.
Benefits of Bitcoin Casino Gaming
The unprecedented interest in cryptocurrencies and Bitcoin in particular has largely been driven by the technical features of this innovative ecosystem. Financially savvy people have paid particular attention to several key aspects of digital currencies:
1. Payment processing speed
2. The cheapness of money transfers
3. Possibility to send small parts of one BTC
4. Secure and confidential transactions
5. Relative independence from the state
It so happens that each of these points is of great importance in online gambling. So as soon as the first casinos with Bitcoin slot machines appeared on the Internet, others began to realize the undeniable benefits of cryptocurrency for casino gaming.
The technical features of transaction processing in the Bitcoin network make money transfers very fast. The transfer of funds from one account to another is instantaneous. All that remains is to wait for the final confirmation of the transaction by the miners. Except for periods of extreme network load, this procedure takes about 10 minutes.
Speaking of miners. It is also much cheaper to transfer funds via Bitcoin. The user specifies the amount of the "miner's" commission for each transfer. If you compare these pennies with the possible costs of banks, payment systems and all sorts of intermediaries in the transfer of traditional fiat currencies, cryptocurrency seems a particularly favorable solution.
For the average online casino user, it can be a double benefit. Firstly, he will be able to save on deposits and withdrawals. Secondly, gambling portals themselves will lose less profit on commissions, which allows offering players more "tasty" bonuses.
Perhaps the most obvious advantage of Bitcoin games is the privacy of the player. In Bitcoin, there is no personal data about the owner of the cryptocurrency. They are not sent along with wallet addresses or public keys. Many Bitcoin casinos do not even require specific personal information from users - or if they do, it is only to comply with legal procedures.
Mobile gambling: status and prospects
The growth of the mobile gaming entertainment segment is both a trend and a pattern. In a world in which most of a person's life is linked to the presence of a mobile phone in his or her hand, it is only a matter of time before mobile gemblings take the lead. You can read about the dynamics of the segment in figures, as well as the prospects in Gambling World.
Mobile gambling is a specific branch of online gambling that has emerged practically after virtual gambling. There are two aspects that are key to the development of mobile gambling - improving technology and scaling up internet coverage. Over the last two decades, the mobile phone has evolved from a communication tool into a smart device that can replace dozens of other useful gadgets. The more advanced the model is in user hands, the easier and faster it is to launch virtual games. Internet coverage also plays a role, as it actually imports gaming services to remote parts of the world and opens up opportunities in new markets. Now that all developers have understood this trend, the casino is doing more new internet casinos that have mobile version.
The positive dynamics of the industry are not least determined by the psychology of a modern person, who is trained to do many things on the move, including spending leisure time. A little more about the popularity of the mobile segment can be read in a separate material.
H2 Gambling Capital and iGB have provided up-to-date information on the development of mobile gaming since 2003, which is discussed in the article below.
According to data provided by researchers, GGR in the mobile segment has grown significantly since 2003. It is estimated that vertical revenues will reach €25.2 billion this year already.
In addition, it is estimated that the share of the mobile gaming vertical in the industry is already 42.6%. This figure has a steady upward trend for over five years now.
It is indicative that some operators on the market are reporting that most of their revenue is already being generated by mobile gembling.
Currently, the leading vertical with a 66% share is sports betting. Online casino operations are in second place with 27% of the market, while the lottery industry generates only 7% of the market.
Mobile gambling operations are particularly popular in Europe, and it is on this continent that most of the income is generated. Following Europe, a high percentage of income from mobile operations was recorded in Oceania and on the African continent. It is assumed that this effect is due to the fact that, for the inhabitants of these regions, due to the poor quality of broadband connections, the mobile phone is the only window to the Internet.
An up-to-date regional map of the share of the mobile segment shows that the number of transactions in Africa is 47.9%, 40.8% in Asia, 42.4% in Europe, 21.1% in Latin America, 27.3% in North America and 49.2% in Oceania. Cross-referenced data on the legal gambling business in Latin America in a separate material.
The company's projections for the next few years are based on the assumption that the segment will develop progressively without major jerks or shocks. For example, next year GGR will amount to €28.8 billion, and a year later to €33.1 billion. By 2023, the segment's revenue could reach €37 billion.
In 2003, at the time of the segment's inception, its market share was 6.6%; 10 years later, in 2013, the segment managed to regain almost a quarter of its operations - 24.3%. Last year's figure was 40.4%.
Prospects: forecast for 2024
H2 forecasts the GGR segment to reach €41.4 billion in 2024, a 64% increase over the current year's €25.2 billion. Market share is scalable and will exceed 50% of all gambling operations.
Sports betting will continue to dominate the mobile palm segment of the gaming business, as at present.
How to Spend Your Gambling Winnings?
Every gambler dreams of a day when his life changes as he hit the jackpot in the online or land-based casino and earns a ton of money that is all his. Imagine what you could do with all the money you earn while having a great time. If you hit the jackpot, how would you spend money? Would your life change so much that you would quit your nine to five job and devote all the time to enjoying the beautiful beaches of a tropical island? Or would you invest money into the real estate, throw a party or donate some of the money?
Assuming you have a job at the moment, you could use the collected experience and knowledge to develop the same business on your own and invest money in that way. The long term investments pay off, especially when you find a good chance and therefore, you can consult with your bank to find good tax-free investment programs. This becomes safe money you can always have. But the more important is that you can increase the value of your business and sell it for the double price and earn 100% profit! This might be another form of gambling, though significantly safer.
Though you cannot expect any profit in return, donating money is a distinct sign of a good and human man who likes to take care of others. Charity is giving back the community, just like the community gave you something that helped you to become a better person. Let’s say that 10% is a good start. O course, the more you give, the better you feel as you know that your money will help someone and make their lives at least a bit easier. The amount of money you are going to donate is totally up to you so you can choose the number on your own.
Upgrade up or buy new home
Investing in real estate is a fantastic way to accumulate your profit and let it flow for some time. Of course, you can buy pre-made houses or flats, or you can hire an architect and the construction team to build you Eifel’s Tower in your backyard. The opportunities are endless, and you just need creativity. Alternatively, you can invest money into home improvement and fix all the issues in your home to live there or sell it if you plan to move somewhere. In any case, the real estate is a prosperous investment that you can enter easily once you hit the jackpot!
See the World
Another great way to spend the jackpot is to fly around the world and see all the places and things you have just seen on the TV! Move to Spain or France to try the life out there and enrich your life experience with another city on the world map! Once moved, you can find a job there. You do not ever know how things can start once you move to Madrid and start a new life there. So, seeing the world is not just an expensive traveling but also a powerful tool to learn about the world, enrich your cultural experience and learn new things in your life!
Throw a crazy party
The most classic way to show off and announce people that you have been the luckiest guy who managed to catch the jackpot! Rent expensive, supercars, playboy bunnies, a mansion with three pools and throw a party to let people know who’s the boss! This is not a kind of investment, obviously. But if you have worked hard or a long time and now you managed to catch some luck, why not share your happiness with your friends and people? There are always a lot of ways to spend cash on throwing up the cool parties!
Where Should Invest Money in 2019?
The question of where to invest has long interested the minds of so many individuals, especially since there are so many ways to do it. In that case, you should know about all the possible options, especially in terms of their advantages and disadvantages. We should also mention that investment possibilities should be properly analyzed before making any financial decisions.
The most prominent investment directions in 2019 are Internet-related entities, cryptocurrencies, big stock market, and regular banking options. Each of them has its own nuances and specifications. So, let’s review them separately in order to get a clear picture for you in terms of your final decision.
Certificate of a Deposit In a Bank
Yeah, people in 2019 tend to have little recognition of banks as valid investment opportunities. However, they might be just an overwhelmingly ambitious when it comes to the high-stake deposits. This way offers the highest extent of security, accompanied by the relative stability of the modern banking system.
Basically, you wouldn’t be that stressed while making your deposit. Although we wouldn’t recommend this way if your investment portfolio makes a few monthly salaries, you should definitely try it once your budget becomes more substantial. Banks in 2019 might only be seen as old-fashioned and not that appealing to investment in terms of return.
Their big benefit is that they offer the most secure system, which is widely trusted by thousands of investors all across the globe. In that case, banks are just like a superb $100 green bill. Just think about it prior to making your financial-related decision to make a deposit in a bank.
Gambling is another solid way to boost your investment portfolio, especially if you’re a big fan of risk. The most crucial merit of this method is that it offers high returns, which might not be that easy to accomplish if using other deposit variables.
Solely because of that, online gambling might become your panacea in boosting the overall amount of cash on your bank account. Also, online gambling websites now offer outstanding bonuses, which are decent for increasing your overall chances of winning there.
Just try playing one of those games with the best chances to win so that you might even try American Roulette variation in your next gambling session. You should also realize that gambling is a high-risk activity that mightn’t be the most stable and secure chance to increase your portfolio immediately. Although the chances that you would secure Jackpot are low, the returns of online gambling are just overwhelming.
Bitcoin and Other Cryptocurrencies
For some reason, people are losing trust in using cryptocurrencies, as compared to the rapid growth of the industry in 2017 and 2018. However, this is just the right moment for you to invest. Since the market is now stable, the chances that such cryptocurrencies as Bitcoin will increase gradually are relatively high. Despite the fact that the price of Bitcoin went down significantly in 2018, there are still chances that cryptocurrencies will show their power in the nearest time.
In that case, you should obviously consult a reputable 2019 guide on how to make your portfolio solid and diversified. There’s definitely a future in the field of cryptocurrencies, which is a matter that you should consider. It should also be noted that Bitcoin and other cryptocurrencies are just great for boosting your investment considerably. Try it, in case you’re interested in modern technologies and are willing to try something new when it comes to investment.
The Big Stock Market
It won’t be a big of a surprise if we say that big stock was always a gem for those who understand its system properly. The cases when people skyrocketed their investment portfolios aren’t that rare in the field of the big stock market.
Also, you would obviously make more money with this method, even in comparison with ambitious Bitcoin and other cryptocurrencies. If to consider such domains as the Etrade platform, they offer a decent chance to make a solid investment. Although you might be situated far from such cities as New York or London, the nowadays investment to the big stock doesn’t even require you to do anything except for digital transactions and operations.
With such a chance, you should conduct drastic measures to study all the required material and be ready to face the challenges of a real big stock market. In any way, you should try it at least once to get a clear picture of how it works.
Our RouletteHub about all gambling news in the World!