While South Korea has been very strict about internet gambling and banned it entirely in October 2006, European governments have taken the opposite approach and continue to liberalise online gaming legislation, making it a highly lucrative market for online gamblers.
According to the Global Betting and Gaming Consultants, Britain spends the same amount as Americans on gambling, despite having only one-fifth the population of South Korea. A lot of the South Korea’s gambling spend is happening online. What attracts online gamblers? Are there any risks involved?
A 1999 report by the National Gambling Impact Study 메이저사이트 Commission is what prompted South Korea’s ban on online gambling. According to that report, the main finding was that the presence of a gambling establishment within 50 miles nearly doubles the number of problem and pathological gamblers. It is obvious that online gambling has made it easier to have a ‘gambling room’ at home. This, it is argued, leads to more gambling opportunities. There is also the potential for compulsive gambling. Gambling is their obsession. Winning doesn’t diminish that urge. The more they win the more they gamble. Worse, they gamble more to recuperate their losses, until it becomes impossible to afford their gambling habit and they are forced to go broke.
Despite the South Korean warnings, most people who gamble online are able to manage their spending and keep their winnings in check. Online gambling provides entertainment and sometimes a win. Online gambling is attractive because it can be done from the comfort of your own home. Modern software can replicate the casino experience with full-colour graphics, convincing sound and realistic graphics. This allows players to feel as though they are actually playing on their computer. Online gambling is growing rapidly, and this allows a portion of the revenue to be returned to players in the form of bigger jackpots or prizes. This attracts more players.