In today’s technology-driven world, the gambling industries have gained immense popularity and of course the appreciation from millions of gaming enthusiasts across the world. Ever since the mobile gaming emerged, it made it quite effortless for the people to play their favourite slots without having to hit the brick and mortar casinos. Not only does the mobile gaming has made it possible for the gambling fans to play some exciting slots from their convenient spot but the wide variety of the top-quality casino games options is all that drives people to download a plethora of gaming apps and choose from ample Internet slots in the UK.
At the same time, the demands for sports betting is also increasing by leaps and bounds. But when it comes to comparing casino gaming with the latter, you couldn’t consider one industry to be superior over the other. However, the fact that casino industries have always performed better than the sports betting industry couldn’t be ignored. Statistically:
- Right from the inception of the 21st century to the year 2015, there have been a total of 5% of growth seen in the sports betting industry whereas the online casino gaming industry has an estimated growth of over 8% in the same period.
- While the market share of sports betting declined from 14% in the year 2007 to 13.9% in 2014, the same of the online casino industries have seen a remarkable increase from 32% in 2007 to 35% in 2014.
Difference between casino gaming and sports betting industry
Casino betting is mainly based on the house and the bettor. Here the major trick is: The dealer won’t always top the game and it might appear as if the bettor is earning a significant amount of bucks. However, if you calculate it in the longer run, chances are the bettor loses more than they win.
On the other hand, the folks participating in sports betting (say horse race gambling) needs to put additional amount apart from the betting amount, which is considered as the house commission. Despite who wins the horse race bet, this additional amount which every punter has to put is reserved for the house. Additionally, the sports betting is all about points. While placing the bet, the point given by the punter in any sort of sports including football, hockey, and tennis is risky. To put it in simple terms, even if the bettor’s team win the competition, he wouldn’t win the actual bet unless his team wins by more points than what is given by the bettor.
Considering the above-mentioned differences, it is no more surprising to say why casino betting is gaining more popularity than the sports betting industry. Today, casino industries keep on introducing exciting offers to induce more people. However, it is difficult for the sports betting industry to replicate the same.
This is one of the main reasons why the casino gaming industry has always considered the most sought-after options for gambling enthusiasts.