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A Beginner’s Guide to iGaming

by
March 18, 2024
in Investing
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A Beginner’s Guide to iGaming

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The phrase ‘iGaming’ has been used a lot in relation to sports betting so you may not be too familiar with it but recently the trend has taken the UK by storm.

Online gambling venues have reached an all-time high and the number of active online gamblers has reached 24.7 million.

The world of iGaming includes everything from horse betting to casino games so it might initially seem confusing if you’re dipping your toe in for the first time. This guide will help you understand what iGaming is and the variety of games available to play.

What is iGaming?

Any form of online betting that relies on the future outcome of a game or event can be classed as iGaming. Also known as online gambling, this dynamic sector has revolutionised traditional betting and encompasses a wide range of wager-based activities.

In a wider sense, iGaming is a wide multi-faceted industry of digital products that produces everything from online games and sporting platforms to casino software solutions and management tools. In 2023, revenue from online gambling products reached record-breaking heights with a grand total of £4.03 billion.

Popular iGames

Sports Betting

This is one of the most widespread forms of gambling and iGaming enhances these platforms by providing real-time updates and reliable predictions. Simply bet on any real-world sporting event, even those currently in play, and you’re off to the races.

Casino Games

Online casino websites and mobile apps make up a significant portion of the iGaming industry. They offer digital versions of classic casino and slot games, including virtual reality casinos that are just like real-life gaming tables. The rules and wagers are just like what you would expect in a Las Vegas casino and provide life-like, interactive user experiences.

Poker

Online poker is incredibly versatile and offers a wide selection of variants, including straight, stud and draw. These can be played across a variety of formats such as live streams, mobile apps and virtual games against computer-generated avatars so all you need to do is select the platform that best suits your preferences.

Bingo

Thanks to iGaming, bingo has evolved far beyond land-based bingo halls and games. Enjoy limitless accessibility and convenience when you download a bingo app and enjoy the nostalgic fun from the comfort of your own home. You’ll also find a variety of different themed games and jackpot prizes on offer.

Lottery

Sweepstakes and lotteries are widespread forms of gambling and iGaming has made it easier to participate in different games. You no longer have to leave your house to pick up a lottery ticket – you can get involved whenever you feel like it. Lottery sites also offer a variety of secure payment options to cater to every player’s needs.

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