Billions of dollars are spent on the online gambling industry every year. From blackjack to poker to sports bets and more, gambling sites are easy to find. So what are the risks of online gambling?
- Too easy to access: the ability to gamble is 24 hours per day.
- Too solitary: you can gamble while staying at home undetected and unnoticed.
- Increased risk that kids will find and use these sites.
- The absorbing nature of computers can cause people to lose track of time while gambling.
- Gambling online enables an accelerated speed of play; for instance, casino card games have an average rate of play of around thirty hands an hour, compared to online poker, which can average sixty to eighty hands an hour.
- Those who are coming to gambling treatment who used the Internet to gamble had more severe problems.
- Decreased perception of the value of cash (for instance, players are forgetting that they are spending real money).
- A gambling site on the other side of the world might or might not be legitimate, there might be just a little to prevent the provider of online gambling services from taking one’s money and failing to pay winning, or even shutting down.
- Credit card or account details might be vulnerable to capture, and funds might be vulnerable to theft by computer hackers.
- Internet gambling might be vulnerable to invasions of privacy. Information given to casino operators can be used for other purposes; for instance, a service that uses telemarketing to convince people to wager on its football betting system might be willing to pay money for a list of Internet sportsbook players.
Online activity, which appears addictive in its own right for a minority of users, might interact synergistically with the propensity for problem gambling, and therefore increase the number of online people with a gambling problems.