Online gambling has been on the rise over the past two decades and is now booming post-pandemic. With the heightened number of people engaging in online gambling, there's a natural curiosity to know what is happening behind the scenes on these websites. Are they fair? What does it take to set one up? We look at all the technology behind online gambling platforms to answer these questions.
Random Number Generation at the Heart of Fair Online Gambling
There's no question that the online casino industry is growing at breakneck speed.
In fact, the industry is predicted to be worth well over $150 billion by 2030. There's one technology at the heart of almost all online gambling platforms, and that's random number generation. With the majority of online casino games, there's often an element of chance—think roulette or craps. Who decides what number the ball lands on in roulette? If that was determined by the online casino, it would be highly unethical, and not many people would frequent that kind of casino.
In order to be registered and licensed, an online casino must use the appropriate random number generation software behind the scenes to determine gambling outcomes. This software can and is constructed in such a way that it generates a house edge—a certain percentage that means the online casino takes away a profit over the long haul.
At its heart, however, online gambling platforms run on random number generation software.
Virtual and Augmented Reality Driving Engagement
While there are a range of factors that have led to the increased success of online gambling platforms in recent years, one of the big shifts has been around customer engagement.
A huge part of this shift has occurred through virtual and augmented reality. Let's face it, walking into a casino, being able to see the faces of the players around you, order a drink, talk to the dealer, hear the music… That's all part of the gambling experience, and why physical casinos are so popular.
Now, try some great online casino games, and you'll soon find that much of this tangible casino experience has been incorporated into the online gambling experience. Through virtual and augmented reality technology occurring behind the scenes in online casinos, players can now have access to things such as a 360 degree view of the casino, realistic avatars gambling next to them and live dealer chat.
Advanced Payment Protection Technology
Whether you're topping up your online casino account or donating to charity, you want to be sure that your financial details will be kept secure.
This is a big area that online casinos have taken steps in over recent years, with many now offering payment through various cryptocurrencies. The ability to pay with cryptocurrency means that customers do not have to hand over their bank account details or credit card information, which has a much higher risk factor attached to it than the use of a digital currency.
Blockchain is also an area that online casinos are looking to incorporate more and more into their payment protection systems.
