Bitcoin skepticism continues to be a thing and this has, unfortunately, struck the global cryptocurrency market as well. January and February were particularly poor months in terms of prices and performances, driven by the sharp decline in the cryptocurrency’s value (right now, 1 BTC trades for about $8400). Besides many blows to the regulatory market and operators, now the Bitcoin exchange websites are reporting a staggering nosedive in visits per month.
February was not a good month if you're operating a major bitcoin and/or cryptocurrency exchange – the web traffic of the most vital websites of this kind rose during December and part of January, only to plummet significantly in February. On average, the visits have fallen by half.
Here is the breakdown for some of the most visited cryptocurrency exchange websites: Coinbase, which had 169.5 million visits in December 2017, only had 63.1 million visits in February – a 49% decline from January's 123.5 million. Kraken has it even worse - it fell by 56%, from January's 31.7 million to just 13.8 million in February. Similarly, Binance dropped by 54%, from 191.5 to 87.3 million.
These numbers are a symptom of the ongoing distrust in cryptocurrencies, particularly Bitcoin who was at the center of much turmoil since it's stellar 2017. Recently we've reported on another big decline, that of Bitcoin's plummet to a two-year low. Why are people, by the looks of it, losing interest in the cryptocurrency exchange? There are a couple of factors that could've led to this. Firstly, the very poor joint price performance of all cryptocurrencies during January and February (with possibly the only exception being Litecoin who is doing well). Secondly, the impossible rise in the value during the last months of 2017 prompted too huge a number of investors to start pouring money in the Bitcoin ecosystem, which set a bar that could hardly be repeated. Consequently, it may be that the aforementioned decline in Bitcoin transactions may have been caused by the smaller volume of adoption and usage. The only upside to this emptying of the market is that fees have been brought down.
Source:
“Monthly Web Traffic For Major Bitcoin Exchanges Falls by Half”, Mizrahi Avi, bitcoin.com, March 23, 2018.
Bitcoin has gone from leading a small, niche market to gaining mainstream fame. It’s this fame that has drawn many new investors to the cryptocurrency market.
Of course, it also doesn’t hurt matters that Bitcoin (BTC) hit an all-time high last December, reaching almost $20,000 per coin. Some investors have been dreaming about quick riches and lambos ever since.
But the problem is that many of these same people have no prior investing experience, and they make a number of rookie mistakes.
In this post, I’m going to discuss the three biggest mistakes that I see investors making with Bitcoin and other cryptocurrencies. I’ll also cover good investing techniques along with pitfalls like pump and dump groups.
The absolute biggest problem that I see in the cryptocurrency world is people putting more money into the market than they can afford.
This is far from a new thing, because many people make the same mistake when buying stocks. But it’s especially prevalent with BTC, because of all the success stories that have surfaced.
Here just a few of the headline grabbing stories that encourage people to invest more money in Bitcoin than they can afford:
Erik Finman took a $1,000 gift from his grandmother in 2014, then invested it into BTC. At age 19, he’s now worth $1.5 million. 50 Cent accepted $400k worth of Bitcoin for his album “Animal Ambition” in 2014. The rapper actually forgot about his BTC, only to later discover that it was worth $9 million in January 2018. Tyler and Cameron Winklevoss (of Facebook fame) invested $11 million into Bitcoin in 2011. Their investment peaked at over $1 billion in late 2017. An anonymous man who goes by the name “Mr. Smith” bought into BTC in 2010, when it cost just $0.15 per coin. He invested $3,000 into Bitcoin and is now worth $25 million today.These are just a few of the big stores that have come out ever since Bitcoin’s explosion.
Unfortunately, this has also convinced wannabe millionaires that they too can experience quick riches. And they often overinvest to the point where they can’t even cover their current bills.
This is a huge problem when considering Bitcoin’s volatility. In fact, BTC had seen a number of high and lows before gaining nearly 100% in value last December.
I’ve seen multiple people on Reddit discussing how they’re in trouble every time the market takes a big dip.
Given that BTC is highly volatile, you never want to invest so much that you’re worried about making next month’s rent.
And if you think that a $2,000 or $3,000 investment will soon make you a millionaire, just remember that the Bitcoin headline makers got into a crypto currency much earlier.
This isn’t to say that you won’t be successful with cryptocurrencies, but take a reasonable approach to putting money into the market.
A major reason why people invest too much into cryptocurrencies is because they have a fear of missing out (a.k.a. FOMO). This leads to continually pouring money into Bitcoin, until they finally have no more to invest.
Those who have this problem should seriously consider a concept called dollar cost averaging (DCA).
This is a common investing method where one buys a fixed amount of stocks/cryptocurrencies on a set schedule. DCA calls on you to purchase more when prices are low and less when prices are high.
Here’s an example of how DCA works:
You have $2,000 to invest into Bitcoin. You spread this out into equal $400 investments over four months. BTC is at $15,000 when you buy in Month 1. BTC is at $10,000 when you buy in Month 2. BTC is at $8,000 when you buy in Month 3. BTC is at $12,000 when you buy in Month 4. BTC is at $15,000 when you buy in Month 5.$400 gets you different amounts of Bitcoin each time, because the price jumps up and down every month. But Bitcoin’s average cost over the five months is $12,000 (60,000/5).
Based on the $2,000 you’ve invested, you now have 0.167 deci Bitcoin.
One benefit to DCA is that you don’t have to watch charts or stress over when to buy into a particular cryptocurrency. Instead, you simply buy in at the same point every week/month.
Another advantage is that you prevent yourself from FOMO and instead spread out your investment.
The downside is that you could miss chances to buy low since you’re not watching charts. But I still recommend that new Bitcoin investors try DCA to better manage their money.
Another byproduct of FOMO involves buying near or at the top of a cryptocurrency’s ascension. Let me describe how this scenario often happens:
Bitcoin starts a big surge one day. Investors see that the coin is experiencing a 50% increase. They worry that BTC will continue increasing and get FOMO. They quickly invest. The coin continues rising to a 55% increase. But at this point, BTC starts on its way back down. Many investors don’t sell until the coin is worth less than they originally bought in for.One of the best rules for Bitcoin investing is to never buy deep into a successful run. After all, cryptocurrencies almost always see a “correction” after a big run.
The reason why is because cryptocurrencies receive an artificial spike when they’re hot. With many people investing due to FOMO, the big increase doesn’t usually represent a coin’s actual value.
This isn’t to say that cryptocurrencies don’t ever spike and stay high afterward. But you’re almost always in the right when you avoid buying later during a big increase.
An old investment saying is to buy the rumor and sell the news. The idea here is that you get in early based on a rumor, then sell when the masses react to a favorable story.
But too many people do the opposite by ignoring the rumor and buying the news. Here’s an example:
I read a story that the Dallas Mavericks will accept Bitcoin next season. Obviously this is good news because the Mavericks are helping further mainstream adoption. The news story came out one hour ago. I rush to an exchange site and see that Bitcoin has increased 10% in value. I quickly buy BTC on Coinbase. Almost as soon as I buy, the price begins to drop. Other people knew about this rumor in advance and were ready to sell immediately.Sometimes the price doesn’t even wait for the news before it starts dropping. This is common when a coin’s founders state that a big announcement is coming, then savvy holders begin selling 2 to 3 days before the announcement.
These same people then wait until after the news is released and the price drops before buying back in. The end result is that they end up gaining a larger position through swing trading (i.e. lasting multiple days or weeks).
One more thing I’d like to touch upon in this section includes day trading Bitcoin.
Many beginners feel like this is a good idea, because they can take advantage of short term price fluctuations and end up with more coins.
But this is another area where I’ve seen countless Redittors complain about losing hundreds of coins through day trading. In fact, for every one person who’s bragging about their day trading success story, I see five more saying they’ll never try this again.
What people must realize is that day trading requires extensive skill and a lack of emotions. This differs from swing training, where you’re planning a single move for days or even weeks.
If you lose when swing trading, you’ve only lost a single trade. But bad day trading losses accumulate much quicker.
Another issue to worry about here is that you need a large amount of money to get started and be successful long term. The reason why is because even professional traders have daily losses and need to cover them.
I’m not saying that you can’t take a small percentage of your funds and day trade for entertainment. But don’t make 3-10 trades per day and expect to accumulate lots of Bitcoin.
Bitcoin has brought many people to cryptocurrency trading. But once people get into the crypto industry, they often diversify into other coins too.
This is a good strategy, especially if you’re investing in projects that you think have long term value. But there’s another side that involves people pouring money into risky altcoins.
An altcoin is anything outside of the main cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.
Investing in altcoins is a good decision if you’ve done your research and think that your holdings will have long term success. But the problem comes in when people invest without considering the value.
Some crypto projects have very little utility (a.k.a. shitcoins) and are doomed to fail. And these coins typically only get action from traders who think they can swing profits.
In these cases, you’re gambling that there’s somebody who’ll buy the coins for more than you paid. If you can’t find these people, then you’re left holding the bags as the coin decreases in value.
You can use a number of ways to find good cryptocurrencies outside of Bitcoin, but here are my personal steps for spotting good investments:
Look at news sites (e.g. CoinDesk.com, CoinTelegraph.com) and Reddit’s crypto section for recommendations. Do your own research on each recommendation. Look at the project’s white paper and see what the group is trying to accomplish. Look at the team behind the coin. Check the coin market cap to see if there’s room for growth. Check to see if the foundation has legitimate partnerships in place. Scour the coin’s sub Reddit to gauge its popularity.Pump and dump groups are investors who meet online and agree to “pump” a certain coin. In almost every case, the targets are little known altcoins that have low trading volume.
Their goal is to quickly cause a spike in a coin and attract other investors, who fall victim to FOMO. The pump and dump group sets a target price to sell their coin at, which leaves non group members holding the bags when the price starts plummeting.
Forming an organized group to pump and dump coins is illegal in regulated stock markets. But since governments are only in the beginning stages of cryptocurrency regulation, people are getting away with this.
From a legal perspective, you’re fine to pump and dump in the crypto market right now. But even with this being the case, you should avoid doing so.
The reason why is because most pump and dump groups are led by scammers who want to take advantage of the group itself. Here’s how this happens:
You join a pump and dump Facebook group. The group founders announce that they’re going to pump a specific coin at 12:00pm ET. The coin name isn’t released until noon, so that no group member has an early head start. The sell target for this unnamed coin is set at $5. You don’t have time to research the coin’s price history when it’s released, because the pump starts so quickly. You buy in at $10. Little do you know, the group founders and their closest circle started buying the coin at $1 before the pump. The price tops out at $17, before quickly crashing down. You’re left either selling your coin at a huge discount, or leaving your sell order up in hopes that the price surges in the future.As you can see, many pump and dump groups have a close inner circle with another agenda. Essentially, the idea is to scam outsiders who join the group.
This is yet another reason why you should avoid quick fixes to getting rich and focus on cryptos that you deem to be the most viable projects.
The crypto currency market is still attached to what Bitcoin does. This is because Bitcoin still has the biggest brand name in the industry.
But it’s very possible that another rising coin, such as Ethereum, could overtake BTC at some point the future. In this case, the market will become untethered to Bitcoin’s every movement.
This is when you’ll want to be holding the most valuable long-term investments. And this is where value investing comes into play.
Value investing involves seeking cryptocurrencies that you think are undervalued when compared to the market. It’s actually rather easy to do this now, given what I mentioned about the market following Bitcoin’s movements.
Market cap (price x circulating supply) can be a great tool in determining if a coin is under or overvalued. Here’s an example of a crypto market cap:
Bitcoin is trading at $9,000 Circulating supply is 16,840,937 9,000 x 16,840,937 = $151,568,843,300,000 market capOf course, most coins don’t even come close to meeting Bitcoin’s market cap. Therefore, you’ll often be trying to evaluate many market caps at between $300 million and $3 billion.
If you see the potential for growth based on what the foundation is doing and believe in their team, then you can measure this against the current market cap and decide if the coin will increase.
Another aspect to value investing is looking for cryptocurrencies that offer a big enough discount. The reason why is because you want to allow for margin of error, given that you’re only estimating value.
If I see a cryptocurrency that has the potential to double its market cap versus one that may only grow 10%, then I’m going with the first one as it gives me far more room for error.
Finding value in cryptocurrencies is highly speculative, because few foundations actually have a working product right now. But there are definitely some investments that have great potential out there.
Here are a few of my non-Bitcoin favorites at the time of this post:
Ethereum (ETH) ICON (ICX) Lisk (LSK) Monero (XMR) NEO (NEO) OmiseGO (OMG) Stellar (XLM) Walton Chain (WTC) VeChain (VEN/VET)Investing in Bitcoin and other cryptocurrencies is certainly risky due to the high volatility, but this is also what’s bringing many people to the market.
Another thing that Bitcoin investors like is the fact that they’re early adopters.
Sure, BTC has been around since 2009. But many of the altcoins are new and offer people the chance to get in on the ground floor.
What will be the next Bitcoin? This is what numerous investors are trying to figure out by putting money into projects early.
But you definitely want to avoid the three common mistakes that I discussed here when doing so. To recap:
Avoid investing more than you can reasonably afford. Don’t fall victim to FOMO. Look for long term value.Above all, don’t be convinced that you must buy right away or you’ll miss out. We’re still very early in the cryptocurrency game, meaning you have plenty of time to research projects and make the right investments.
The post 3 Mistakes Bitcoin Investors Make and How to Avoid Them appeared first on GamblingSites.com.
The mighty Yggdrasil has summoned all of their mythological power and, just in time for Easter, took it to Pacific's vast waters to gift us yet another future classic – the ocean-bound Easter Island video slot.
In a remote spot of the world's biggest Ocean, far off the coast of Latin America, lie the mysterious Easter Islands – known for their enormous head sculptures whose origins are yet unknown. But it's not all about mystique; this is also one of the places on Earth where human foot trod the least, keeping the place intact and as exotic as it can be. It's this rare setting where the latest reel spinning magic will unfold.
This 5-reel video slot contains expanding symbols, sticky Wilds, a host of Easter Island-related symbols such as head statues, seagulls, Maori artifacts and more. The game's central attraction is, by all means, the Symbol Swap Respin feature. In it, each win will trigger a respin and the winning symbol will replace all high value or low value symbols on the reels.
Jonas Strandman, Yggdrasil Gaming's Head of Slots, comments: “Easter Island is the perfect pep up for those with an adventurous spirit. Players will be treated to exciting winning combinations as they trigger the novel ‘symbol swap respin’ and take advantage of the expanding reels. With the big wins on offer, those who make the trip won’t be in a hurry to return to the mainland anytime soon.”
The title is developed entirely on the company's cutting-edge responsive technology making the game run smoothly on desktop devices as well as on tablets and smartphones. It will also contain the usual batch of Yggdrasil's promotion tools, BOOST.
Take a look at the official game trailer:
Source:
“Yggdrasil takes players to Pacific paradise in new slot Easter Island”, yggdrasilgaming.com, March 22, 2018
LCB’ers, we’re soon to head into the month of April and warmer weather is on the horizon with the start of spring just a couple days ago. With the commencement of a new season, it is only fitting to share with you that a new casino is also headed your way! Want the details? Of course, you do! CryptoSlots is the name and it’s scheduled to go live this May. They say, ‘April showers bring May flowers,’ but in this case, a wide range of games and fabulous wins will be in full bloom.
No exact date during the month of May has been released just yet, but you can bet we’re going to stay on top of this and let you know as soon as we hear anything. The casino will be open to players across the globe and it has put out the word that security and anonymity will be at the top of its priority list. Players will have access to provably fair games and the ability to complete transactions using solely cryptocurrencies, hence its name. Digital currencies such as Bitcoin, Litecoin and Bitcoin Cash will all be eligible for use.
Members can also try for their chance to win big via the new Jackpot Trigger. Players may collect tokens to try for a massive $1,000,000 jackpot! Sister to brands such as Slotland and WinADay Casino (which just recently launched Bitcoin cash on March 17th), users contemplating registering an account to this site when it goes live can rest easy knowing it has such popular relatives leading the way for what can only make for one impressive offering.
Stay tuned…
With 2.3 billion smartphone users around the world, you’d have to expect that to be an appealing number for an online casino, sportsbook, or any other web or app-based business. That’s a huge potential customer base to target.
Even though online casinos launched back in 1996, the mobile revolution didn’t start to fly until 2011 when Apple allowed for gambling apps for its iPhones and iPads in the Apple Store and iTunes. The Google Play store was even more of a latecomer to the party.
Google Play just started an approval process for gambling apps in August of 2017, and only in their initial test markets of the United Kingdom, Ireland, and France.
Now that doesn’t mean that mobile betting hasn’t still been in the game. Even now, more sites are mobile compatible and accessible through a mobile browser rather than providing dedicated apps. But, it wasn’t until recently that the mobile version was worthwhile. The previous platforms carried just a small sampling of the full website’s collection.
But, these days, 50% seems to be the benchmark. You’ll find at least half of what the regular websites carry available on your smartphone and tablet. In some cases, you’ll even have access to nearly every game regardless of how you’re accessing the casino or book.
In 2017, Statistica did some polling of mobile users around the globe and compiled a list of the most popular activities on tablets and smartphones.
The email service was number one for smartphone users with 59% of the respondents saying that, aside from communication, they use their phone for email more than anything else. Tablets are a different story as most people, like me, use them for watching videos or movies.
Some of the other smartphone activities included online shopping at 43%, and 35% chose online banking. Non-casino online gaming came in at 28% followed by dating site users at 17%.
Online gambling and betting are next with 10% for smartphone users and 5% for tablets. Now, that may not seem like an impressive number to you. But, if that percentage holds true for most people, then you’re looking at 10% of 2.32 billion or 2,320,000.
Keep in mind, too, that those are regular users. These are respondents that are saying that their number one activity on their smartphone is online gambling. That figure doesn’t include the 90% of the other people that may not consider online betting to be their top activity, but some of them still participate anyway.
Smartphone use has been continuously rising for one primary reason – it’s convenient. Think about how often you have your phone right by your side. Or, how many times have you forgotten your phone and quickly realized how inconvenient it was to be without it?
It’s your trusty sidekick that gives you directions, allows you take and store photos, and lets you pull up a coupon while you’re standing in a checkout line. And, yes, it also opens the door to casinos and sportsbooks even if you don’t have a brick-and-mortar one within 100 miles of your home.
Do you remember how boring it could be to stand in line to get your driver’s license renewed or be held up at your bus or train stop after you just missed the last one? How about the wait in a doctor’s office? I’ve hit the 2 or 3 hour mark a few times and, let me tell you, it wasn’t all that much fun.
For many people, “waiting” now converts to “betting.” You can now study the odds from wherever you are with a mobile sportsbook that provides you with big, bold lines and touchscreen bet slip submission. If you like slots, you can pull up your favorite casino and play a few games until your name is called or your ride appears.
Boredom is a word used less and less these days when you’re armed with your good ol’ phone.
While you have convenient access to your phone, you also have the same luxury with your betting account. You could have set it up on your PC or laptop, but you have access no matter where you go. One login is all you need.
Unlike in-person gambling, betting sites don’t require you to cash out every time you leave. So, you can keep a credit balance running and then just pull up the casino or sportsbook and place your bets. You don’t have to worry about money transfers because you’re already pre-funded.
Do you remember the “old” days when you would need to find a local Starbucks or other coffee shop to get a Wi-Fi signal, so you didn’t blow through your data? That’s certainly a thing of the past now, isn’t it?!
If you’re not on an unlimited data plan, you’re covered now anyway. Practically anywhere you go, you’re in range of a Wi-Fi signal. That includes grocery stores, airports, shopping centers, and even your local McDonald’s.
Without the worry of overusing your data, you’re more apt to give those reels a spin. The signals are also nowhere like they used to be, even a few years ago. You can get a strong signal through most free service areas, so you don’t have to stand on one foot and hold your phone in the air anymore.
Mobile player bonuses may not be all that common yet, but they are out there. I’ve seen more associated with mobile sports betting than with casino play. But, some sites just want their players to use their service on the go so they’ll entice them to give it a try.
When there is a dedicated mobile promotion, you can typically take advantage of it in addition to the standard rewards offered on the full site. It’s not an either/or situation so you can receive additional benefits from accepting them.
I recognize that there are numerous apps out there today for casino gaming without any betting involved. There are social casinos, and they even allow 13-year-olds to get hooked on slots because there’s no real money betting.
These apps tend to feature pop-ups and other ads encouraging you to buy some extra spins along the way. You’re typically given an allotment each day and replenished every few hours. But, you’re not betting a few pennies or a few dollars, you’re staking hundreds of thousands of credits at a time. So, you can go through those freebies quickly and then be left without even a spin.
Many online casinos offer players a practice or demo play option. While you may still have to register an account, you aren’t required to bet any cash. You can try out the games without any financial commitment. It’s just like the social casinos, but you’re not typically cut off at a certain point. You can play longer and still not have to reach for your wallet.
Instead of having to use your computer keyboard and mouse, mobile gambling allows you to use touchscreen play. In fact, many casino games are specially formatted for touchscreen use, so the user-interface is high quality and your chances of making a mistake are relatively low.
It can be a lot easier to play without a mouse, and it’s also gentler on your hands. I don’t know about you, but after a few hours, that mouse needs to go away for awhile.
I started out by saying that apps aren’t always available. I’m not even a fan of apps, but I know that many people are app-dedicated and don’t even like to go near their mobile browser.
Apple has already been in the gambling app game for more than 6 years now. Although Google Play didn’t allow gambling products in its store until 2017, that doesn’t mean that Android apps were entirely unavailable.
Some casinos have built their own versions, making them available through a download right from the website. So, while you won’t find every casino or sportsbook listed in the Apple or Google Play store, that doesn’t mean that a site doesn’t still provide an app.
The only real benefit to an app over the mobile browser version that I can identify anyway, is the quality of some. If a casino is taking the time to produce its own app and go through the extensive approval process, it’s more likely to add some bells and whistles that the mobile formatting lacks. You may find a better design or more straightforward navigation. The buttons may be larger, and the graphics could have enhanced resolution.
However, mobile formatting has also come a long way. Today’s mobile gambling sites are almost near identical replicas of the originals. If you only looked at the screen and not the equipment, you may not even be able to tell the difference in many cases.
As far as questioning whether to use an app versus a mobile site, it’s a matter of personal preference.
Just as you may see a few minor variations between an app and a mobile formatted site, there are some differences between iOS and Android casinos and sportsbooks.
First of all, Android runs on an open-source platform, and Apple retains its source code. That means that depending on the Android device you use, your casino may not look like it would on another Android device. They’re not all the same.
iPhones and iPads may have a few subtle differences but, what you see on one iPhone will look the same on every other iPhone. The same goes for iPads. You get more consistency with Apple devices.
Also, you’ll most likely have a better experience through an iOS system as it has a higher rate of Frames per Second (FPS). That means your image quality will be sharper and loading may be a bit faster as well.
Just as it doesn’t matter if you use an app or a mobile browser, it’s not all that impactful if you choose an Android over an Apple or vice versa. Gambling providers are focusing on both of the “big guys” and are cranking out new apps and better mobile platforms for all users.
You see an increase in mobile gambling because casinos and sportsbooks are doing their best to accommodate all users regardless of their smartphone or tablet preference.
Today, nearly 100% of every online gambling operation converts over for mobile use.
It doesn’t matter if the site carries one or the other, or a combination of both, you should be able to find a quality mobile experience with at least half of the regular gaming options available to you on your smartphone or tablet.
When it comes to mobile versus online betting, the exact figures are still a bit fuzzy. Casino and sportsbook operators have just recently started doing more accurate tracking.
Based on an average of what’s being reported, though, 72% of online sports bettors use mobile books. Casino players run at 50-50.
So, even if the figures aren’t entirely accurate, you would have to assume that more sports bets are being made on the go.
It would make sense as sports punters don’t need to spend as much time placing their bets. They’re not sitting down at a table and buying virtual chips or hitting spin time and again to keep the reels in motion. They can submit a bet slip and call it a day as their next step is waiting for a result.
Because sports betting is becoming so mobile dominated, the big books, like William Hill, are doing more extensive research and putting a greater focus on their mobile services.
While I did already mention that 2017’s figure suggested that there were 2.32 billion smartphone users in the world, I didn’t get into future projections, which show a steady rise. In 2018, 2.53 billion is the estimation with 2.71 billion in 2019.
Whenever a business is faced with an increase in use and popularity, its best move is to accommodate that trend. It’s apparent that online gambling providers are intent on doing just that.
There are three current focuses in the online gambling community:
Virtual reality gambling Live dealer games Mobile playMobile access to gambling services primarily relies on keeping up with technology. The site developers are taking advantage of innovations in mobile formatting as well as mobile payment options and app development.
The services aren’t entirely in the hands of the individual sites, though. The gaming software developers like Microgaming, NetEnt, Playtech, Yggdrasil, and dozens of others also need to have a focus on mobile use, so their games transfer over flawlessly.
Remember, you’re dealing with a real money investment here so errors can’t be part of the equation. Every member of the online gambling team has to be on board with the mobile compatibility standards and offer as much of the regular casino or sportsbook as possible.
I would think that, within a few years, it won’t matter if you are sitting at your desktop computer or you’re standing in line with your phone in hand; you’ll probably soon have 100% of the betting options available regardless.
In addition to providing more games, gambling operators are also looking at integrating more mobile payment options that can be used for easier funding of betting accounts.
Using services like Apple Pay makes it a lot easier as it’s a one-click process rather than inputting credit card numbers on a small screen.
Additionally, I’ve seen more information aside from the games being transferred over to mobile players.
Not all casinos or books have been providing all banking resources, promotional information, and terms and conditions for smartphone and tablet users. But, with the increase in popularity, the demand for a one-stop shop on a mobile device needs to be met.
Some players no longer want to use their PC or laptop. They’re looking for the entire service to be available regardless of their hardware choice.
Mobile gambling has huge growth potential.
The reason that both online and mobile gambling has been proven to be so successful relies heavily on the younger population. The average age of a casino visitor is 48. But, online bettors are in the 35-year-old range, and mobile bettors are even younger at 32 years of age.
The younger the player is, the more likely he or she is to opt for a smartphone over a PC or laptop.
So, with smartphone use steadily climbing, a younger demographic to be targeted, and the incredible potential for casinos and sportsbooks to bring on more players, you can be sure that mobile gambling will continue its expansion and it may be even more significant than experts are anticipating.
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