Gambling is betting money or any precious commodity on an event or trial whose result is insecure. Gambling is played all over the world from decades back. It was considered an illegal act but Now most of the nations have passed an act and made gambling legal. Gambling can be of different forms. It can be based on a trail or a stake on sports like horse riding or so.
Online gambling or internet gambling is an online platform to risk money over an event. It is like an online casino where people gamble. Gambling in India was started in 2010 in Sikkim and later on spread all over the country. This game of risking money is promoted online nowadays. Playing on free internet gambling websites is a common activity for teenagers and young adults. There is a vast range of online websites that encourage online casino. Gambling game was considered illegal and even now Online Gambling is illegal in 7 countries namely Cyprus, Cambodia, North Korea, Singapore, Brunei, United Arab Emirates, and Poland. Online gambling not only risks the money but also there is a risk of cybercrime. Most of the online sites which are into gambling ensure security for the users but still, there is a vast chance of cheat and run case.
The online gambling industry has raised at an astonishing rate in the past few years. The number of gamblers is increasing day by day. Around 84% of all online gamblers are men. The rise in the number of the female population in casinos and convenience of the cashless mode of payment during the gaming is likely to boost the online gambling market. Currently, India has been missing out on around $1.5bn in lost revenue due to its inability to regulate online gambling effectively. Through the statistics, it was found that in 2013 American losses about 199 billion on gambling. Online gambling provides resource and attracts civilians to join gambling which led to a rapid increase in the number of gamblers over the state. Online gambling is of great convenience and comfort than playing in a casino, allows bets to be placed without the attention of others, offers a more immerse interface, and allows players to place bets even without moving out of the house. Making money online through gambling can be extremely exciting and profitable sometime but only if you move forward in the right way and not towards the addiction.
You may have heard about different addictions like drug addiction and the one in trend is Pubg addiction similarly there is a term 'gambling addiction' it is used for the addiction of gambling in which one gets addictive for betting. He/she knows that the game has fair chances of losing and winning but they still play the game and in the greed of winning more they keep on betting and result in the addiction of gambling. As we know that excess of anything can be injurious to us so we can deduce that gambling can be a good mode of testing your luck but it should be played up to a limit.