Real money online gambling is the only game in town right now. Most land-based casinos remained shuttered across the country in the midst of the coronavirus outbreak. This has driven quite of bit of interest towards online casino games right now. Also, people have been seeking Provably Fair online casino games.
Why Are Folks Promoting The Push For Provably Fair Online Casino Games?
One of the biggest aspects of any online casino game is fairness. How does a player know they have a fair chance to win playing an online slot or table game? More and more online casino sites are promoting fair play that can be verified. The exact term that is often used is ‘Provably Fair Gaming’.
There are quite a few things going well for the online casino gambling industry. Outside of the current health crisis gripping the entire world right now, other attributes are attracting positive attention. Topping the list are the games themselves.
Realistic graphics combined with a compelling audio soundtrack have enhanced the entire gameplay experience. The immersive nature of many of the latest game releases is another attractive feature of gaming online.
Ease of use would probably top most player’s list with game adaptations for desktop, laptop, smartphone and tablet use. Basically, wherever someone can access the internet, they can access their own private casino gaming floor.
Going back to 2018, the global online gambling market was estimated to be valued at $48.52 billion. Growth continued throughout 2019. The anticipated explosion of online play this year will only fuel a faster growth rate. The longer people have to stay at home, the higher it will go. The annualized growth rate through 2025 should reach over 12 percent a year.
The future of real money online gambling is directly tied to the idea of provably fair gaming. Shady casino sites in it for a short-term gain will be quickly weeded out. The are numerous high-quality online casino gaming news sites that regularly post reviews of various sites. This makes it very easy to find an online casino with high grades for guaranteed fair play.
Gambling commissions in regulated markets are also policing the situation. There is a huge push toward responsible online gaming efforts to help combat problem gambling on every level.
Leading the charge for fair gaming practices is blockchain technology. A typical online casino site can hide facts and figures concerning:
- Game results and rounds played
- Winnings payed out
- Revenue collected
- RTP (return to players) figures
Blockchain technology has created algorithms that can provide this type of pertinent information. This gives players a higher level of trust. They will know if Random Number Generators (RNG) are being used to ensure fair play. The key point of different with this technology is how data is kept and stored. There is a high level of transparency that validates the results. This is done by encrypting data on a digital ledger.
Continuing advances makes this level of reporting possible for any casino site operating online. This also enhances faster payouts and personal data security.
• Source: Provably fair: every online casino should want to adopt it From Cryptonews.com On April 3, 2020.