Industry News
The difference between online casino and real casino
At first glance, there doesn’t seem to be that much of a difference between an online casino and a bricks and mortar casino establishment. Essentially, both do offer a similar selection of games. However, the subtle contrasts between the two can make a big difference in how much you win and also the flexibility and options in how you may want to play. Despite both having their different pros and cons, between the two options, online casinos are definitely a step ahead. Don’t believe me? Here are just a few of the reasons why.
Free Money
Well, not quite free money, of course, but there is a chance that Lady Luck may be more on your side if you choose to play online. This is because most online casinos nowadays offer free money in the form of free spins, bonuses and special offers to entice new customers and keep regulars choosing their site above their competitors. There is so much competition these days between online casinos and this means a wider variety of offers to take advantage of.
As well as being able to essentially give away free money to keep you coming back, studies have proven that online casinos have a better pay out rate than their bricks and mortar rivals too. This is because the overheads of running an online casino are so much lower than a real casino, so they can then in turn pass these savings on to the customer. The RTP rate – an acronym for ‘return to player’ – has been proven to be up to 97 percent and higher for some sites, so it definitely pays to play online.
Complete Flexibility of Time and Place
One of the biggest differences of playing in an online casino over a real casino is that you can play literally anywhere and anytime. Whether you prefer using a computer, tablet or mobile app there are now so many ways to access your favourite casino games online without any restrictions. Although it can be fun to visit a real life casino from time to time for a special occasion, for the daily player online casinos are a much more practical option and provide the opportunity to play at your pace from wherever you are, whether you are looking to pass the time commuting or fancy spending a quiet night in.
Easier to Keep an Eye on Your Budget
Gambling, however you choose to do it, should always be done responsibly. This means making sure you set a spend limit and stick to it. When playing online, it can be easier to track your bets and take the time to really assess how much you are willing to spend. When playing in a real casino however, things can quickly get expensive. Betting in a group of friends can easily see peer pressure adding a few zeros to the bets you are laying down and it is easy to get swept away by the buzz.
Moreover, real casinos tend to have higher limits when it comes to placing bets, whereas online betting is usually much more affordable, with many online casinos allowing you to play games for mere pennies. When placing your bets online, most casinos will allow you to pay in a variety of ways including convenient methods such as PayPal. However, a real casino will usually want not only a larger deposit but in general be more restrictive about the methods in which you are able to pay.
Greater Game Selection
Unlike real casinos, which are generally tied into a small selection of games, online casinos are able to switch up which games they offer at any time. This keeps things interesting and means you can try your hand at learning a new game whenever you fancy as well as the fun of playing old favourites. As online casinos are constantly trying to innovate and find the next new great game, many will often allow players to have a go at games for free first. This means you may have a greater chance of a win as it allows you to familiarise yourself with the game and brush up on your skills before committing to placing your bet.
As well as offering players a much wider selection of games, online casinos still stay true to a more traditional style of play too. It is still completely possible to play favourite classics, such as roulette and black jack, often in real time. This provides all the feel and benefits of being in a real casino without the inconvenience of having to leave your sofa. It also means that you have more flexibility in the games you wish to play – a single online casino site can provide it all in one place for you.
So what are the perks of real casinos?
Firstly, there is one major way that real casinos still beat out their online counterparts every time. Despite that fact that online casinos can offer pretty much everything a real life casino can, sometimes even better, the one thing they can’t do is create the glamour, excitement and atmosphere of a casino in real life. There is nothing quite like stepping out onto the floor of a casino and seeing the other players and games in motion. Real casinos also provide the opportunity to experience the interaction with dealers face to face, which can ramp up the excitement for some of the more traditional table games. There is also nothing quite like the tangibility of holding your winnings in your hand the moment your numbers come up! Although many online casinos have great community chat rooms, the real life experience of sharing a win is hard to beat. Moreover, some online casinos have a threshold before you collect your winnings whereas a bricks and mortar establishment will pay out immediately.
Despite these great pros of real casino play, overall it is hard to deny that online casinos are streets ahead and are clearly the winner of the two. You can check this online casino comparison to find the best and most suitable one for you to play. The choice is huge so take your time to analyze and compare.
Kutt, the leading social betting platform, announced that it closed the first quarter of 2024 with a successful fundraise of over $1 million and that it has surpassed the 10,000 user mark. The company also commissioned a study of 1000 bettors that clearly defines what social betting is and what users want — further cementing its ownership of the space.
“Betting has been a social activity for thousands of years, so it’s no surprise that consumers want the ability to facilitate and track wagers against their friends. If anything, bettors unquestionably prefer a more curated, social experience — they want to be part of a wider community and to be part of the conversation around sports, entertainment, and important events,” Sim Harmon, CEO and founder of Kutt, said.
While sports betting has boomed across the country since the Professional and Amateur Sports Protection Act (PASPA) was overturned in 2018, established gambling companies have largely stuck to the tried-and-true format sportsbooks have been using for decades — traditional sports bets against the house. But consumer desire to experience more has increased as the betting industry has matured, with 82% of bettors interested in wagering directly against their friends and other individuals through a decentralized platform, according to Kutt’s recently commissioned survey.
The survey found that, in addition to Kutt’s traditional offerings, an overwhelming majority of bettors (80%) are interested in wagering on non-sporting events, with 77% wanting to bet on entertainment, 62% interested in wagering on politics, and 60% with a desire to bet on life events. Kutt allows users to wager with friends on any event with publicly verifiable results, making it the ultimate “put your money where your mouth is” destination for fans. The survey also shed light on some compelling aspects and trends among current bettors, including:
- A higher percentage of bettors surveyed placed a wager with a friend in the past year (61%) vs. a sportsbook (60%)
- More than half of U.S. bettors (54%) have betting group chats with friends
- A majority of U.S. bettors (60%) text their friends about the progress of a bet while watching a game.
Adding further validity to the findings of the survey and the demand for a real-money social betting experience is Kutt’s recent $1 million+ institutional fundraise, led by Lightning Capital, a firm that invests in digital assets and online communities. The investment will fuel initiatives aimed at growing the Kutt community, enhancing user experiences, and expanding betting markets.
“We look for emerging companies in high-growth industries to invest in. Kutt’s enthusiastic user base, rapidly growing partnership portfolio, and their differentiated product offering were very attractive to us. We are eager to help them continue to define and own the social betting space,” Jock Percy, General Partner at Lightning Capital, said.
Trustly announced a bold pledge to boost growth for businesses across Europe. In a major move to revolutionise the checkout experience for millions of people, the payments tech firm unveils the new Trustly Growth Guarantee.
The market-leading account-to-account provider is offering clients – current and new – a fresh way to pay at the checkout. As part of this, businesses are guaranteed to see an increase in conversion rates, to as high as 98.8%, and a clear reduction in the fees they pay in comparison with traditional payment methods.
Customers will enjoy fewer steps to pay and the added efficiency of return user recognition; Trustly guarantees supercharged success at the checkout. With predictable pricing, costs will be just one amount per transaction – with no variable fees at all. Trustly also states that it is dedicated to providing a seamless integration and will include Success Concierge as standard.
The initiative, revealed only a matter of days after impressive 2023 growth results were announced for the global leader in the industry, reflects Trustly’s unwavering confidence and commitment to continuing to innovate account-to-account payments. Last week, Trustly announced a 79% increase YoY in annual transaction value – reaching $58 billion in total.
Its track record for already attracting major global clients – some examples being Meta, eBay, HMRC, Zalando and Hargreaves Lansdown – signifies that there’s been a distinct change in customer preference and merchants priorities.
Businesses are making attempts to remain innovative and ahead of the curve as millions of consumers increasingly adopt open banking-enabled account-to-account solutions instead of other more standard options when they pay.
Jussi Lindberg, Chief Revenue Officer of Trustly Europe, said: “Our market-leading payment setup embodies Trustly’s mission: to be a growth partner for our clients. We don’t just provide payment solutions; we drive efficiency and value in their businesses. Trustly Azura has delivered remarkable results, and now businesses can experience its benefits. Account-to-account payments are booming, and we’re here to help businesses seize the opportunities it offers.”
If merchants do not see a boost in conversion or a drop in payment costs – at a processing rate of at least 50K transactions each month, for three months, Trustly will reimburse three months’ worth of processing fees. The guarantee is available for both new and existing European customers and is subject to Trustly’s general terms & conditions.
The post Trustly Announces Major Move to Guarantee Growth for Businesses Across Europe appeared first on European Gaming Industry News.
Wazdan, the gain-focused developer behind some of the world’s most rewarding casino game experiences is set to make the most of the networking and relationship-building opportunities at Casino Beats Summit 2024 and share its groundbreaking Online gaining™ approach.
Leading a formidable team of Wazdan talent will be Chief Commercial Officer Andrzej Hyla. Joining him in Malta is Promo Tools Specialist Marcin Trafiałek, who has been nominated for the prestigious Product Manager of the Year award at the CasinoBeats Game Developer Awards 2024.
Trafiałek’s nomination recognises his pivotal role in the triumphant success of the Mystery Drop™ promo tool. Additional representatives from Wazdan’s Account Management and Marketing departments will also be on hand, eager to connect and share the latest Wazdan innovations.
Wazdan’s commitment to excellence is further underscored by its multiple nominations at the CasinoBeats Game Developer Awards 2024. The company’s exciting new titles and features are vying for top honours in various categories, including:
- Slot to Watch: 25 Coins™
- Game Mechanic of the Year: Coins™ series
- Game Feature of the Year: Coins™ series
- Game Music/Soundtrack: Book of Faith™
- Game Music/Soundtrack: Los Muertos™ II
- Game Retro-Style: Mighty Symbols™: Crowns
As a proud sponsor of CasinoBeats Summit 2024, Wazdan reaffirms its dedication to fostering a vibrant iGaming community and actively participating in industry-shaping events. The company looks forward to setting a course for success and collaboration at the summit.
Andrzej Hyla, Chief Commercial Officer at Wazdan said: “Casino Beats Summits are always fantastic events. This year sees us in the enviable position of being shortlisted for six awards which reflects the hard work our team of engineers and inventors have put into the experiences that add value for demanding players.
“We’re looking forward to meeting friends old and new at the event and sharing how we gain ground and ground gain.”
The post Wazdan set to gain more ground at Casino Beats Summit Malta appeared first on European Gaming Industry News.
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