The iGaming industry can be an overwhelming place for those who haven’t quite experienced everything that it has to offer. Beginners can often be left feeling scared or confused, as there are so many different things that they can be hit with as soon as they decide to engage in it.
Thankfully, most of the industry can be self-explanatory and doesn’t require too much research. There are things that can be a little harder to grasp and may require an individual to have a littel bit of prior knowledge before they get involved.
What is iGaming?
When looking at the term iGaming, there can be some confusion about what it might entail. The term is used to reference all internet-based gambling activities. The industry will often cover the likes of online sportsbooks and online casinos, with events and games that can be bet on typically being placed under the same umbrella. Online poker can also be considered iGaming.
Of course, as you get further into the industry, you will encounter specific terms that can be a little difficult to understand. Again, a simple explanation can often be enough to provide you with all the information that you need…
Sports Betting
Another expanded sub-market within the iGaming industry is that of sports betting, which continues to grow. If you want to engage in sports betting, you will find that there are tools that can help you maximize your chances of obtaining value for your bets. Tools such as an odds calculator can be used, which will allow you to convert the odds that are being offered into a different format, and provide you with a potential value that could be possible to win.
Elsewhere, it’s important to have an understanding of what certain bet types are, as there can be some terms and jargon used that isn’t used elsewhere. For instance, ‘Moneyline’ simply refers to the eventual winning outcome. ‘Props’ can relate to bets that can be placed on certain scenarios happening, while ‘futures will refer to bets that will happen in the future, such as a football team winning a title.
Online Casino
If you’re looking at iGaming from the point of view of an online casino, then there are going to be several things that you’ll want to understand before getting started. Some of these can cause confusion for many, although many of them can be easy to understand when broken down.
For instance, the term real money slots means exactly that, you can play slot games with real money and potentially win some back. Demo or free-play games are those that do not require you to wager with your own funds.
Bonuses and promotions will often be made available, and terms and conditions will usually be applied to them. A no deposit bonus will be a bonus that can be activated without adding funds to your account, while one that offers a matched bonus will require you to put funds in that are eligible to be matched by the casino as free funds. At the same time, there may be wagering requirements (the amount of money you need to wager before being able to claim funds from your bonus) and game contributions (how much each game can contribute to the wagering requirement).
Final Words
While there is a lot to think about when getting started in the iGaming industry, it can be a very enjoyable experience and one that doesn’t have to be overwhelming for beginners. Apply a little common sense and look up what you don’t know, as this will make things a lot easier and potentially more positive.
Remember, it’s always best to play responsibly and the best way to do this is to have as much knowledge as possible.
