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History of Online Betting

renato October 16, 2016 at 18:53 Blog Comments Off on History of Online Betting
History of Online Betting

Technology has evolved over the past years and has always been a part of people’s lives ever since. Every year, new innovations are introduced that will help improve individuals’ quality of life. With the rise of computers, jobs and other opportunities have been easier to reach. Along with this, internet has been introduced and is now essential to every people.

Internet is not just a tool for communicating and researching. It also influenced the business sector– a part of which is the gambling sector. Gambling is already a part of some people’s life and is also a form of income to some. From poker, black jack to lucky nine, one does not need to go to casino anymore to play these. Due to the internet, one can play and earn at home.

However, everything has a beginning. Now, we shall stake our time knowing how it all started.

The Beginning

It has been said that the very first online gambling started way back in 1990’s. It was when Antigua and Barbuda passed the Free Trade and Processing Act. This Act allows small Caribbean nations to grant licenses to businesses that are interested in online casino.

With this law, a technology company, known as Microgaming, was established and was known to be the very first company that creates a truly radical and operational piece of online gaming software. This company is still in business now and is labeled as one of the most reliable sources of gaming software to gaming industries. In the meantime, Microgaming supports all types of online gaming sites from casinos to poker rooms and others under it. It was even said that it partnered with CryptoLogic to ensure a safe financial transaction in online gambling.

Not long after Microgaming established its company, related gaming sites also boomed during 1996. The Kahnawake Gaming Commission in Canada was established to also provide licenses to online gambling. They created the online casino called InterCasino. It was said to be the first online casino, but some controversies emerged stating that Gaming Club, created by Microgaming in 1995, was the first one on the worldwide web. However, no matter who the pioneer is, 1990’s was marked as the commencement of online gambling across the globe. At the end of 1996, more than 200 online casinos were developed causing big revenues that reached more than “$830 million” in 1998.

Some people are always interested in gambling. However, not all can play and win each game. So, one way for them to be involved is betting on it. With the appearance of InterTops, the first online sports book in 1996, this activity has been made possible. It became a big hit in gambling industry that other companies took advantage of and also join in with the trend. What’s more, they are offering big promos to attract customers.

However, the evolution of online gambling did not stop there. In 2000, BetFair was established which allows peer gambling. If in the past years, online gambling only allowed you to bet directly to the game, BetFair allows peer to peer wagering. Therefore, people can bet among themselves. This has been the basis of some gambling system.

Gambling even became more convenient ever since live betting appeared. This allows people to bet while the game is going on. They even developed software solutions which allow people to place their bet on their mobile phones.

The Creation Of Online Poker

Poker has been one of the favorite card games of many people. Of course, it was not left behind with the advancement of technology. Different online poker sites were also opened in the web. The first one to be developed was the Planet Poker in 1998. However, it faced a lot of technical problems which caused the rise of another online poker site.

In 1999, Paradise Poker in Costa Rica took popularity. Since the site has a more advanced software, it became a stable online gambling site for poker. In 2001, online tournament commenced with the help of Poker Spot. However, the site experienced financial processing trouble which pushed them to stop the business.

With the Poker Spot’s closure, Party Poker made its way to online tournament. This has become the most popular site, where people can bet on tournaments and win huge amount of money.

Online gambling may have a long history. It may have faced a lot of issues as to which one came first. But one thing is for sure, this created a way for people to expand their interest not just in the live gaming but also online.

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