Real Money Facts: The History of Gambling

People have been gambling for centuries now. Archives have proven that gambling has been here from as early as the 17th century. And, gradually, all the games and the terms of the gaming were combined to make up the different casino games that we have right now. Therefore, we have decided to give you some facts on the history of gambling.

The First Signs of Gambling

The first trace of betting was unearthed in ancient China. Assumed to be used circa 2300 BC, slabs were excavated that showed to have been used as some unique peculiar type of lottery. The Chinese ‘Book of Songs’ mentions the engraving of wood, implying that the found pieces may have constituted a primitive gambling game.

And, in 200 BC slips were found that resembled the regular Keno slips that we are used to now. And, even though archaeologists failed to establish the names of some of the games, they have a close link to the current casino games.  Now, things are more regulated and orderly as compared to back in the day when gamblers would use beer halls and the streets for their gaming.

The Coming of Gambling Halls

The first gaming halls that resembled casinos appeared in Italy in the 17th century. The Ridotto, meaning personal chamber, was founded in Venice in 1638 to provide a more structured gambling atmosphere during the yearly carnival season. It was well-known for serving Biribi and Basetta. Biribi was a lottery-style game where players gambled on one of 70 different outcomes

Next, the dealer could pick a number from a pouch, and anyone who gambled on that number would win the tournament’s pot. It included a built-in Venice. That meant that a gambler could only recover 64 times his original stake. With a 1.43 percent probability of winning, the casino pocketed a hefty 9 percent vig. Basetta, a mix of blackjack, poker, and gin rummy, was perhaps the most popular game that time.

Online Casino Gaming

Antigua and Barbuda approved the Free Trade and Processing Act in 1994, which authorized the issuance of licenses to businesses seeking to establish gambling websites. Microgaming, the world’s leading gaming producers right now, an Isle of Man-based software firm, produced the first completely operational gaming software prior to internet casinos. It was protected by software installed by Cryptologic, a firm that specializes in online security software. Safe payments were feasible, paving the way for the early online in 1994.

The Kahnawake Gaming Commission was established in 1996 to monitor and control internet gaming operation from Mohawk Territory of Kahnawake and to give out gaming permits to several of the globe’s casino sites and poker rooms. It is an effort to maintain registered online betting organizations’ operations fair and credible.

Not everyone was happy about the coming of online casinos in the US. Shortly, in 1999, the Internet Gambling Prohibition Act was passed, which made it illegal for any establishment that offers any online casino facilities to any US citizen. But, all efforts were made in vain.  That same year, multiplayer online gambling was also launched. The first live dealer casinos debuted in 2003, thanks to Playtech, who developed a mix of “brick and mortar casinos” with the digital world.

Mobile Gaming

You can never tell what people will be doing on their phones these days. But, we can assure you that a chunk of those people will be gambling online. People can now get to win their real money from any part of the world. Because the major gaming sites noticed this trend in usage, there are now plenty more options for mobile online betting. People like gambling on their smartphones because they are more convenient.

 Meaning, they have easy accessibility to their different betting options and preferences. Currently, online gambling and social networking sites are on the same mobile devices. Therefore, operators acknowledge the increasing interplay between social networks and gambling. Technological advancements have enticed a fresh era of participants.

Research shows that internet users are less likely to utilize desktop computers and are more likely to use portable devices. The same may be stated for individuals who like online gambling and prefer to play their favourite games while on the go. The major gaming sites have acknowledged this change in utilization, and there are now many more options for players.

Conclusion

There is no doubt that gambling has come a long way and we cannot wait to see what it will be offering in the future. The industry is now worth billions and the wealth keeps accumulating for those in the gambling industry. And, you can get to be a part of this rich empire. All you need to do is make sure that you are signed up with the biggest casino there is right now, place your wagers and stand a chance to become the next millionaire in your area.