Online Gambling is the activity of placing bets on games of chance or skill for money using a computer, mobile phone or tablet with an internet connection. The legality of this activity differs between jurisdictions, with some countries completely banning it and others regulating it on a state by state basis.
While bricks-and-mortar casinos exist to host gambling activities in a physical environment, the vast majority of betting takes place on online casino websites. These digital platforms allow players to gamble on casino-style games against the house or against other players. There are three main components of an online casino: a website, software and a deposit account. Players can play online casino games from anywhere with an internet connection, so long as they have a computer or mobile phone and money to deposit.
Despite its low prevalence, online gambling can lead to addiction through its high accessibility and psychological stimuli. Advertising and promotions encourage users to gamble, while social pressures from friends or online communities entice individuals to continue gambling. Online gambling can also contribute to pathological gambling, which is characterised by a preoccupation with the activity, chasing losses and excessive gambling despite negative consequences.
Fraud is a significant concern for online casinos, as it negatively impacts player experience and reduces profits. It can be conducted through phishing and social engineering, or by exploiting features of online games such as loot boxes and skin betting. In addition to the revenue loss, battling fraudsters requires time and resources that can reduce operational efficiency.
