The Credit Crunch is Doing Little to Stem Rising Number of Britons Gambling Online

More Britons than ever before are trying their hand at online gambling despite the ever worsening economic climate. This comes as no surprise to me, as the credit crunch has meant that more and more people are opting to stay in rather than go out, and what better way is there for people to spend their time indoors then by winning money!

The results of an extensive survey by the UK Gambling Commission released in recent weeks have shown that the quality of online gaming sites and the prizes, bonuses and jackpots on offer continue to attract hoards of players due to their increase in potential monetary value.

Research conducted by ICM show that a survey dealt with last year (including the final quarter of the year when recession loomed) found an increase in the amount of people who said they had used one remote form of gambling or another.

The news will come as a major boost to the online gambling sector within the UK as it prepares for a difficult slot gacor gampang menang year with the current economic climate looking to worsen before it finally resides.

The Commission’s study revealed that a whopping 9.7 percent of the 8,000 adults surveyed had gambled using a computer, mobile phone or interactive/digital television set over the last month. This compares with 8.8 percent for 2007 and 7.2 percent for 2006.

The trend seems to be that – as gambling online becomes more accessible thanks to the likes of 3G mobile technology and improvements in digital TV people are spending more time gambling online than ever before.

This trend is likely to continue as long as the recession bites which will benefit the online casino industry tenfold during these hard times.

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Why Online Gambling Continues to Grow

Gambling has been with us since ancient times. Gambling online is a relatively new phenomenon and one that seems to be growing in popularity on a daily basis. Take a look at these facts:

* The first online gambling site was launched in August 1995. It is currently estimated that there are well over 2,000 Internet gambling Web sites offering various wagering options, including sports betting, casino games, lotteries and bingo.

* Internet gambling revenue in 2005 was estimated at $11.9 billion and is projected to double by 2010, according to Christiansen Capital Advisors (CCA).

So what is it about the online casino phenomenon that has so enticed gamblers? Perhaps it is the virtue of it simply being online. There are so many attractions to not having to attend a casino to gamble. The most prominent of these is the intimidation. Online gambling opens up a whole host of games to players who previously never had the courage or interest in observing tables in a land based casino.

Then it is the choice of games. qq online The number of games and their varieties online are astounding. Poker, blackjack, roulette or sports gambling, online casinos offer them all. Lets take a look at a few of them:

Online poker has been partly responsible for a dramatic increase in the number of poker players worldwide. For the year of 2005, revenues from online poker were estimated at US$200 million per month.

Blackjack, also known as twenty-one or Pontoon, is one of the most popular casino card games in the world. Much of blackjack’s popularity is due to the mix of chance with elements of skill, and the publicity that surrounds card counting The slot machine typically pays off based on patterns of symbols visible on the front of the machine when it stops. Modern computer technology has resulted in many variations on the slot machine concept.

The freedom of time and money are added attractions. The online casinos are relatively inexpensive to operate in terms of staff being paid, so they are able to offer players free games. Entering a blackjack room in an online casino is very different to approaching a blackjack table in a land based casino. The speed and intimidation can be high when playing in a ritzy casino. Crucial decisions are made quickly and on the spot. At home, the player is able to slow down and play only when they are ready.

Sadly, with such a growth in popularity has come many online gambling hoaxes. Illegitimate and cheating websites are present on the net and can be deceiving. The most important things to remember when gambling online are the three elements of consideration, prize and chance. All three should be present.

The problem with online gambling is that it is far harder to control. The industry that has to protect itself from the dangers of compulsive gamblers. In the virtual world, this is hard to enforce. A customer is able to sit in their own living room, in whatever state they choose to be in and at whatever age and gamble as much as they desire.

Caution seems to be the only key. Gambling has always been a controversial subject; gambling on the internet is simply an extension of this controversy.