How It All Started
While online gambling is now a massive industry worth billions of dollars and spanning all continents, its beginnings were modest. We go back to 1994, when the first regulations for online gambling appeared. Antigua and Barbuda allowed licensed organizations to open online casinos following the Free Trade & Processing Act. At this time, Microgaming was the only fully functional software developer.
In 1996, the first online casino went live. It was called InterCasino, and it only had a few games available. However, by the end of the year, around 15 online gambling sites accepted real money bets. Fast forward one more year, and we have over 200 casinos, poker rooms, and sportsbooks online. At that time, the online gambling industry is already seeing annual revenue of around $1 billion.
From here, the boom only continued to get bigger. New developers joined the industry, offering more gaming options.
By 2001, it was estimated that more than 8 million people took part in online gambling on a global scale. In 2008, the industry revenue was around $21 billion. In 2020, it reached $66.72 billion.
Types of Online Casinos
Online casinos come in various forms, and Daddy will take a look at the main types right here:
- Mobile Casino – Mobile gaming sites are now among the most popular casino players. They are optimized to run on different mobile devices, covering both iOS and Android. Top mobile casinos maintain a great range of games and can run instantly from the browser or via apps.
- Bitcoin Casino – Cryptocurrency-based casinos stand out with their decentralized platforms. Bitcoin continues to be the go-to cryptocurrency for depositing, betting, and withdrawing. Crypto casinos can still offer large bonuses and special promotions for active players.
- VR Casino – Virtual reality can make the online gaming experience more entertaining. VR casinos offer a more immersive environment that can make players feel like they are in actual casinos. The downside is that the range of VR games is currently limited.
- Downloadable Casinos – While most online casinos are available with instant play, there are still some downloadable options. The free application is easy to install and can provide easier access for frequent players. Some downloadable casinos also have more classic games.
- Sports Betting – Major casino operators offer other online betting options, like sports betting. This way, casino players can quickly access the sportsbook from the same accounts. Often, you can even use the same balance and place a few bets between gaming sessions.
Picking the Perfect Online Casino for Your Needs
Arguably the most crucial step is selecting the right online casino for you. To simplify the process, we have a list of tips to follow when picking the online casino:
- Choose a reputable operator – Online security should always be a priority when sharing your details and banking information. A reputable operator will provide a safe environment while following set regulations. Look for the license details at the bottom of the main page. We recommend casinos licensed in Malta, Gibraltar, the UK, or the Isle of Man.
- Check the library of games – Leading online casinos can have over 1,000 games. However, you should check the ones that interest you the most. For fans of slots, look for a wide variety from multiple developers.
- Try the mobile apps – If you plan on betting from your mobile device, make sure the casino has a great platform. You can try it out in demo play and also look for expert reviews. Feedback on official app stores can also be beneficial.
- Look at the bonuses and promotions – Most casinos have a welcome bonus for new players and other promotions after that. However, players should look at the terms and conditions for the complete picture. High wagering requirements can restrict your gameplay and make it difficult to withdraw the winnings.
- Test the customer support service – Professional support service is an excellent sign of a reliable operator. We recommend using live chat for a quick response, if available.
- Inspect the baking system – An online casino should provide a range of banking methods for depositing and withdrawing funds.
All in all, the best way to pick the right online casino is to look at expert reviews. There are a lot of factors to consider. But that shouldn’t discourage newcomers.
The Perks of Online Gambling
Online gambling provides a lot of benefits that can appeal to different types of players. It is this mix of perks that made it a massive industry in just a couple of decades.
First of all, online gambling is convenient. Players don’t have to go to local casinos to place a few bets. Instead, you can access a gaming site within seconds and start playing, all from the comfort of your own home. Mobile gambling takes this convenience and accessibility to a whole new level. Users can connect from basically any location, at any time.
Gambling sites also stand out with their many bonuses and promotions. Daddy knows a thing or two about this subject and can safely say that online casinos are more rewarding. New players can claim a no deposit bonus when registering, a welcome bonus on the first deposit, and weekly deals. There are also loyalty programs that offer comp points on every bet for even more rewards.
The online gaming experience is more focused on the individual than on the group. You don’t have to wait for a seat at your favorite slots game or your preferred table game. Players can choose the proper stake for themselves and play as long as they want to. You can even take breaks without any issues.
Then there are the massive collections of games to choose from. Online casinos can host loads of slots, table games, video poker machines, specialties, and more. And the collection is usually easy to browse. Plus, you can practice for free and have fun without betting on any real money.
Last but not least, online gambling makes it easier to control your finances. Sites have different options for banking, and users can also set their limits.
Online Casino Bonuses Basics
Casino bonuses are prevalent online. However, they are rarely as simple and as good as they first appear. Each bonus has set terms and conditions that players have to meet to benefit from the offer. Our goal is to help you understand how everything works and how to spot an actual good deal.
Common Bonus Rules
Wagering requirement – represents the amount of betting required to clear the bonus sum. You can only withdraw the bonus and the winnings received from it after you complete it.
Max win – is the maximum limit on the amount you can win from a bonus. Any winnings that exceed this limit will be void.
Max withdrawal limit – is the maximum amount that you can withdraw from a bonus. This generally applies to the available sum after meeting the wagering requirement.
Max bet – is the largest bet that players can make with bonus funds.
Time limit – states the amount of time you have to use the bonus and clear it. The time limit can depend on the type of bonus received. For example, free spins are usually only available for 24 hours.
Eligible games – shows the game types and specific titles that users can play with the bonus. They can also represent the games on which you can complete the playthrough requirement. Unfortunately, most offers nowadays exclude particular slots games with high payout rates. Betting on excluded games can result in a forfeit of the bonus.
Eligible countries – list the countries from which players can claim the respective bonus. Users from restricted countries that aren’t on this list cannot benefit from the offer.
All of these details are usually available in the terms and conditions for each bonus. A good offer comes with low wagering requirements of around 25 times the bonus. Players should also have at least 30 days to complete it. In addition, there shouldn’t be any limits on winnings or withdrawals. As for eligible games, most casino bonuses are meant for playing slots. However, we still like it when table games, such as blackjack and roulette, can contribute 10-30%.
Loyalty is Royalty
Online casinos can encourage loyalty through various offers, like a rewards program. While this can come in different forms, the basic concept is often the same. Players earn points when they bet real money on the games. The rate can depend on the type of game played. These points can be turned into cash or other benefits. Multi-tier rewards programs give members perks based on their level. Consequently, earning more points will improve your level.
Other types of casino benefit for loyalty are reload bonuses. These can be available monthly, weekly, or daily and allow players to boost their funds. Reload bonuses are usually smaller than welcome bonuses, but they are more frequent.
Next, we have special promotions that can cover a vast spectrum. From tournaments with real prizes to free spins on new slots, casino promos can provide plenty of rewards for active players.
So, does loyalty pay off? The truth is that it depends on the online casino. Not all of them have this mix of deals that can reward players. Plus, the offers should also have reasonable terms, as we’ve covered earlier. So, in conclusion, casino loyalty can be very rewarding if it’s with the right casinos.
Bigger Bonus Amount Doesn’t Translate to Best Bonus
Casinos will sometimes advertise massive bonuses that can triple or even quadruple a deposit. Plus, the maximum amounts can exceed $1,000 in free bonus funds. While a 300% bonus of up $3,000 looks amazing, it doesn’t always mean that it is good. The terms can make it very restrictive and limit your potential to win.
Understand the Mathematics Behind the Bonuses
To better understand how wagering requirements work regarding casino bonuses, we will compare two examples. The first is a standard 100% bonus of up to $200. This may not seem impressive, but a closer look at the terms reveals a 35x bonus wagering requirement. If you were to take the full bonus, you would need to bet 35 x $200 = $7,000. This is doable on slots with an RTP of over 96%. It shouldn’t be an issue with a starting bankroll of $400.
The second example is a 200% bonus of up to $2,000. It has a wagering requirement of 50x that applies to the total sum. So, if we deposit the same amount as before, we receive a $400 bonus. However, the wagering requirement here is of 50 x ($200 + $400) = $30,000. Even with the higher starting bankroll of $600, it is almost impossible to bet $30,000. With a standard house edge of around 4%, you will lose all your money long before completing the requirement. You can only clear the bonus if you get fortunate and win a significant jackpot.
Know the Games Inside Out
Online casinos offer a wide range of games. Of course, slots are the most popular, but they also present the most variations. And we aren’t just talking about the themes and the mechanics here. For example, the return to player rate (RTP) can vary when playing slots. A higher RTP gives players a better chance of winning in the long run.
Even table games present a decent level of variety. The classics are blackjack, roulette, baccarat, and poker. Casinos can also host different versions of these games with varying rates of payout. For example, American roulette has an RTP of 94.74%, while European roulette is at 97.30%. Blackjack variations can also come at different rates.
That is why it is important to research the games before betting real money. Check the actual rules, see the payout rates, and verify the house edge. Don’t just bet at a random blackjack table because you recognized the name. Instead, try it out in demo mode, read the description, and maybe even look for trusted online reviews. Once you are ready, you can switch to real money play.
Best Casino Games for Beginners
Slot machines are some of the easiest casino games you can play online. Players have to select the size of the bet and spin the reels. There is no skill required, and you can choose from a massive selection. You can start with some popular titles, like Book of Dead, Starburst, and Immortal Romance.
Roulette is also a great fit for beginners. It provides a wide betting range, but we would advise you to start with the outside bets. For example, you can place a bet on the color of the pocket. Also, make sure to opt for European roulette over the American version.
Games With the Lowest House Edge
Blackjack is known for having a low house edge. However, it is also one of the few games where the player decisions matter. With perfect strategy, blackjack with eight decks of cards can have a house advantage of just 0.66%.
Jacks or Better video poker is similar in this regard. With optimal strategy, the game offers returns of 99.54%.
Baccarat is easier to play and still maintains a low house edge. You only have to bet on the Banker every time for an RTP of 98.94%.
What About Slots and RTP
The RTP in slots is only half of the story, and the other half is the volatility. Most slots have an RTP of around 95%. The different volatility, however, can make the gameplay very different. For example, some games award large prizes on rare occasions, while others offer small payouts more frequently.
The Money Talk: Cards vs. eWallets vs. Crypto
Even in 2022, cards are the most convenient banking method for online casino gaming. Most gaming sites accept Visa and MasterCard, and transactions are usually free. In addition, players can deposit as little as $10 up to $5,000, but these limits can depend on the operator. Another great aspect of using cards is that you will be eligible for deposit bonuses.
eWallets are popular choices, and they are pretty easy to use. One downside is that you will have to register an account with the e-wallet operator. Skrill, NETELLER, and PayPal are the biggest ones, and they have similar services. Also, you should keep in mind that not all casinos offer bonuses for deposits made by e-wallets.
Crypto is growing, but it is not yet a mainstream banking method for online gambling. There are only a few trusted sites that accept deposits by Bitcoin and other cryptocurrencies. Players also need to have their crypto wallets with funds to deposit.
Daddy’s Tips for Better Online Casino Experience
One of the most important aspects of online gambling is doing it responsibly. This is how you get the best gaming experience in the long term. To this end, we recommend that you set a budget from the very start. Don’t make any financial plans based on your potential winnings, and don’t chance losses. If you are no longer having fun, you should take a break or stop altogether.
Other tips for improving your online casino experience include trying out new games in demo mode and betting small. Also, make sure that you are playing at regulated casino sites from which you can withdraw your winnings without hassle. Even if you don’t cash out a large amount, having the winnings in your hands makes it awesome.
Online Casino FAQ
How to recognize a rogue casino?
Check the license information and verify it with the regulatory authority. You can also look for trusted reviews to see if the casino is trustworthy.
Which online casino has the best payouts?
All of our top-ranked online casinos have similar payouts of around 96%. In some months, this rate can get closer to 98%, but it generally averages out.
How does the software provider affect the reliability of the online casino?
The available software developers can indicate if a casino is reliable or not. Casino operators need to source the gaming options from the providers. If they are fully regulated, they can reach partnerships with other licensed game developers.
What will happen with my money balance if I close my online casino account?
If you decide to close the account permanently, your money balance will be void. Therefore, Daddy recommends withdrawing your cash before closing the account to prevent this loss.
Can I get banned from an online casino?
Yes! If you don’t follow the casino terms and conditions or abuse the platform, you can get banned. This will prevent you from accessing the online casino in the future.