Online Gambling Industry & Reasons Behind Its Growth
Gambling is something that was around since very ancient times, as people always tried to find new ways of entertainment while at the same time trying to earn money. Online gambling companies like sky247 betting, just like traditional casinos and bookmakers, offer clients to play slots, table games, and live games like Poker, Baccarat, Andar Bahar, Teen Patti, Roulette, Blackjack, etc., and place bets on various sports events and matches. As the number of people that wanted to test their luck and make use of their knowledge about sports increased, so did the number of companies that offered them corresponding opportunities.
Nowadays, online casinos and bookmakers are even more popular among people than their traditional counterparts. After all, why would you drive or even fly somewhere to play some slots and place several bets on your favorite cricket team, when you can do the same thing from the comfort of your house?
When playing in an online casino there is no need to worry about the queue for a particular table or feel distracted. by the noisy crowds of people. The online gambling industry is also much faster when it comes to updating the catalog of casino games, as it takes much less time and can be done without disrupting the business itself. The only thing that is still somewhat inferior to real-life casinos is the atmosphere, as you can’t see all the other gamblers after all. This, however, can also be seen as a plus – after all, there is no shortage of security issues when it comes to traditional casinos.
All in all, there are plenty of things that make online casinos and online bookmaking companies much more appealing to gamblers.
Competition Between New Bookmakers & Online Casinos
As was already mentioned, the number of new online gambling companies that offer their services to people is swiftly increasing. This, in turn, rises the competition between said companies for new clients. There are many things that are done by online casinos and bookmakers to get themselves a community of loyal fans, but generally, you can separate those methods into two categories – a long-term profit and a short-term profit.
A method that requires time to show its effectiveness, or in other words a long-term profit method, for an online casino or bookmaker that seeks to gain a stable position among other companies is to focus on improving its services. By analyzing the preferences and interests of punters from India, gambling companies can focus on a particular part of a sportsbook or online casino to become a specialized bookmaker or online casino company. By focusing on a cricket section, for example, and becoming the best online casino for fans of this sport, a company can gain some fame and reputation among the punters, which will correspondingly increase the number of its clients.
The method that requires the least amount of time to gain a considerable amount of clients even if the services offered are just average in quality is to attract them directly with welcome bonuses. Many new and even well-established only bookmakers use this method and offer astonishing amounts of bonus money and other things that can be used to gamble upon the first deposit.
What Is There For Regular Users To Gain?
If you have some experience in using the services of various online bookmakers and online casinos and carefully read this article, you might already have some form of an answer to the question. And you are probably right! It is always good for a client when there is a lot of competition among companies that offer services the clients are interested in. After all, no matter which approach they choose, clients can still profit from it. But how exactly you should do that?
If the company takes a long-term profit approach, there is nothing for clients to actively do – you will be benefiting from the competition just by focusing your attention on the online bookmaker or online casino that offers the best number of conditions for sports betting and have the highest number&quality of gambling games.
The situation is quite different when a new gambling company focuses on bonus offers and promotions to attract and keep new clients. There are quite a lot of such companies and therefore a lot of potential profit to make. The whole idea works like this – you visit a new online casino that offers a huge welcome bonus, create an account, make a deposit that qualifies for the bonus, and complete the wagering conditions. By doing so, you will be able to withdraw the bonus money that you were gifted and enjoy the profit without risking much of your own money. The main reason why it is possible lies in the fact that you don’t need to win a jackpot to complete wagering requirements – you just need to keep your balance in the same condition throughout the gambling session.
What Kinds Of Bonuses Are There?
There are many different types of bonuses, some are focused on attracting new clients, while others are making new clients consider staying and gambling on the website or app of the bookmaker/casino in question. As you might expect, there is no reason to pay attention to the second type of bonus, if your goal is to profit from the competition in the quickest way. In this section, those who are new to online gambling and are yet to experience using various betting and online casino platforms will be able to learn about bonuses that can be made use of to profit.
This is the main bonus type you should search for when examining a new online casino or a bookmaker. It comes in various forms and can contain bonus money, free spins, and free bets upon a first deposit. Generally, the minimum deposit that qualifies you to claim the bonus is pretty low, which is a great thing for those who don’t have a lot of funds to gamble with. The upper limits are very varied and can be as low as 10 000 INR and as high as 100 000 INR, which also works in favor of users.
No Deposit Bonus
Just like the name implies, this bonus can be claimed even without a deposit. All you will need to do is to create an account, sometimes verify it, and that’s it! The drawback of such an amazing offer is that the amount offered is usually law and doesn’t go higher than 16 000 Rupees. Sometimes such promotions only offer users free bets or free spins. The wagering requirements of such bonuses are pretty strict as well, but this is something that changes from company to company.
Free Spins & Free Bets
When it comes to free spins and free bets, they are usually a part of a bonus offer and not the only thing that is being gifted. However, if the only thing offered to you by an online casino or a bookmaker is a certain number of free spins or free bet of a certain value, you should not pay such a bonus too much attention. The reason for that is very simple – there is only a win/lose result for a bet and a certain amount of free spins is usually tied to certain slot games, which makes it much harder to achieve wagering requirements.
What Should You Look Out For When Dealing With Bonuses?
There is no such thing as an easy profit in our world. Everything goes together with a certain risk and requires a certain amount of effort as well as luck. Making a profit from welcome bonuses is also the same. You will need to be very careful when selecting an online casino or bookmaker and accepting their bonus offer, as all of them require you to make a deposit and meet wagering requirements to withdraw the winnings. Always pay attention to Terms&Condtions and read reviews from trustworthy websites before making a decision.
One of the most important things to look for when considering whether you can turn a bonus into real money is a turnover rate. Turnover rate means the number of times you need to place the amount of bonus or bonus+deposit in order to make it withdrawable. For example, if you deposited 5 000 INR and received a bonus of +150 percent, which is 7 500 INR, with a turnover rate of 30x, you will need to place 7 500 or 12 500 Rupees on the line 30 times, which is either 225 000 or 375 000. It doesn’t mean that you need to win such amounts in a single jackpot – if you placed 100 Rupees on a roll of slot and won 100 back, you essentially met 100/225 000 without losing or winning anything. When looking for the best bonus, try to find the one with the lowest turnover rate.
Completing turnover in order to withdraw the bonus requires not only some luck but also time. Some bonus offers have a validity – a period when you have to complete wagering requirements, otherwise the bonus money is going to simply disappear from your balance. There is no rule to the validity of the bonus, therefore you will need to calculate everything by yourself. Do you need 20 days to make “x” bets that are required to complete turnover or you will be able to do that in a single week? No matter how confident you are in yourself, it is usually better to play it safe and choose a bonus offer with at least 10 days of validity.
Contribution Rate Of The Games
Not all games contribute the same amount of money when online casino or bookmaker calculates turnover. This is general knowledge for those who carefully read the terms&condtions of promotions, which is why they are so important. But not everyone is so meticulous.
Let’s say you get a bonus of 10 000 INR and played 300 rounds in a slot game with each round being 100 INR. If the turnover rate was 30x, you might think that you can already happily withdraw your profit. However, it might turn out that the slot you were playing contributes only 90& or, in the worst-case scenario, 0~10%, to the wagering requirements of the bonus offer. In this case, you would need to do the same thing again, but after confirming the game with the highest contribution rate.
3 New Online Casinos & Bookmakers With Good Bonuses
Among many different online gambling companies that offer their services to Indian punters, it is not as easy as it might appear to find those who offer good bonuses with realistic wagering requirements. However, it is even harder to find hybrids – companies that pursue both long and short-term profit, meaning developing the services while also offering amazing bonuses. If you are not sure of your ability to find such gems, have a look at 2 bookmakers and one online casino that we prepared for you.
Sky247 is a bookmaking company that offers its services to Indian punters since 2019. It has been some time since the bookie entered the world of online gambling, but despite that, it is still quite young and offers a good variety of welcome bonuses with realistic conditions. The main services that Sky 247 offers are sportsbook and online casino games, such as slots, table games, and live games. Odds, betting markets, number of sports in the sportsbook, quality of games – everything in Sky247 passes the requirements to claim the spot of a good online bookmaker.
One of the newest online bookmakers that appeared only in 2022 is BlueChip. This company already managed to establish itself as a top-level bookmaker that offers its users to bet on various sports and play thousands of different slots and megaways, numerous instant games, and all popular live games. The bonuses offered to clients are also very good – the welcome bonus is particularly impressive and can be claimed several times, which is quite rare.
This online casino is also very new young and started to operate in 2021. Glassi Casino focuses solely on gambling games and offers new clients a huge bonus of up to 105 000 Rupees. The wagering requirements and bonus validity are also on point, which is why you should definitely check it out. All games in the catalog of this online casino are from famous and trustworthy developers, which shows that Glassi Casino knows what clients are looking for when searching for a good place to play slots, live, and instant games.