EDUindex News

EDUindex News

Online Gambling


 By: Astha Raghav 

Introduction 

Online Gambling is also known as Internet gambling. It is any kind of gambling conducted on the internet. This includes virtual poker, casinos and sports betting. The first online gambling venue opened to the general public was ticketing for the Liechtenstein International Lottery in October 1994.


Forms of Online Gambling 

1. Poker: Online poker tables commonly offer Omaha, Seven- card stud, razz, HORSE and other game types in both tournament and Cash game structures.


2. Casinos: There are a large number of Online casinos in which people casino games such as roulette, black Jack, baccarat and many others.

3. Sports betting : It is the activity of predicting sports results and placing a wager on the outcome. Usually the wager is the form of money.

4. Bingo: Online bingo is the game of bingo played on the internet. 

5. Lotteries: Most lotteries are run by government and are heavily protected from competition due to their ability to generate large taxable cash flow s.

Online Gambling in India 

India has recently become a potential gold mine for online gambling operators. This is mainly due to the current financial growth of their middle classes and the exponential increase in the number of people in the country who now have access to the internet. Most gambling games require you to risk money to get desired results. Nowadays, Indian people are more than just immersed in technology and it’s high tech devices. They play online  Casinos in India at a cheaper price in comparison to a physical casino setup. 

Types of Online Gambling in India 

1. Online teen patti.

2. Cricket betting and satta.

3. Online lotteries issued by state government. 

Conclusion 

Online Gambling has its own set of problems will require both legislative technical solutions. It is commercially viable and will be a major e- commerce  application. I believe there are two types of people who play online gambling. The first type is people who have some money to enjoy their life or try to do what they have not done yet. The other case is to earn money. People who are struggling to get a job or not having enough pays. Online Gambling needs to be understood from a perspective focusing as much on contexts as individuals.  Highlights the need to tailor prevention not only to specific groups such as college students but also to account for the risk embedded in specific settings. 

Thank You!