The internet now being a large part in the lives of millions of people globally and one of the ways that the internet has influenced us is in relation to online gambling. Once the appropriate technological advancements had been made a number of casino operators raced to the forefront, providing the general public with online casinos, poker sites and sports books.
We started to see the first gambling websites come online in the middle of the 1990’s with the first act that began this trend being Antigua and Barbuda that passed a law entitled the Free Trade and Processing Act. This act gave the small Caribbean nation the right to grant licenses to those businesses who were interested in starting online casinos.
Microgaming was formed with this new legislation, the first company to develop a revolutionary and functional piece of online gaming software and Microgaming is still successfull and considered to be one of the most trusted software providers in the industry today. Software supports all types of online gaming sites such as poker rooms and casinos and Microgaming and Cryptologic were thought to have partnered in order to create the ability to perform safe and secure online financial transactions which is so important when dealing with any monetary transactions over the internet.
The next important stage was the development of the Kahnawake Gaming Commission, in Canada which was actually a Mohawk Indian tribal commission established to issue gaming licenses and the first online casino was opened in the same year of 1996. There is however a little disagreement about which site was the first as most sources suggest that InterCasino was the first with a few sources thinking the GamingClub which was built by Microgaming opened in late 1995.
All through the late 1990’s the popularity of online gambling increased and by the end of 1996 there were in the region of 15 similar sites, this increasing to more that 200 online sites and the revenue generated by the industry reached more than $830 million in 1998.
The next development in the industry was the online sports book as people love to wager on sports as well as enjoy their favourite casino games. This trend led to the introduction of InterTops which was the first online sports book and once others saw the success they enjoyed, the virtual flood gates opened with new companies being formed to take advantage of this trend. Alongside this a number of the existing bookmaking operators started to form online sites of their own to expand their existing operations.
People who visited these sites could expect large bonuses and free wagers with the number and variety of promotional offers becoming rather spectacular with cash back offers and special odds as well as tournaments and contests which offers generous prizes. Eventually these large bonuses and other promotional offers decreased as the industry matured although a number of quality sites still offer free bets and some form of bonuses. The best place to find these online casino welcome offers are sites like www.piramind.com, they provide free resources where players can review an online casino before jumping into playing.
BetFair began around the year 2000 and this site made it possible for peer to peer wagering where players could make bets between themselves with the site making its money by collecting a commission on each wager.
Around 2002 live betting began and this allowed the general public to make a wager on a sporting event whilst the event was in progress. This type of betting has proved extremely popular and over time the range of sporting events which are eligible for live betting has expanded exponentially such as mobile betting with players being able to use their phones, tablets and other mobile devices to place a sports bet.
Today players can expect a truly enjoyable experience when playing online as gone are the old clunky games with poor graphics and frequent connection issues, now online gambling websites are sleek portals that are endorsed by celebrities offering a wide variety of games, in a safe and secure environment, bringing hours of entertainment as well as the chance to make new friends and catch up with existing ones, and of course there is always the chance that lady luck could be smiling on you as well.