When it comes to online gaming, the differences between gambling and betting might not be obvious at first glance. After all, both involve wagering virtual currency as a way to some, add excitement and suspense to gameplay.
However, these two activities are very different. Whether you’re playing a single-player video game or an MMO that has multiplayer capabilities, being able to know the differences between betting and gambling in online games is important. By doing so, you know that your best interests are protected whenever you play.
If you want more information about this subject, then make sure to read the entire content.
What is Gambling in Online Games?
Gambling refers to any activity that involves wagering cash or items of value without receiving anything of equal or greater value in return. Needless to say, this description also applies to offline gambling. Gambling is often associated with games of chance, but it isn’t limited to these.
You might also hear the term “online gambling”, it’s a type of gambling that revolves around the internet. Whether you believe it or not, there are as many online gambling games as there are gambling games, such as “poker en ligne” or “online poker”, “online blackjack”, and many more.
What is Betting in Online Games?
Betting is different from gambling in that it is an “investment in a future event whose outcome is uncertain.” When you gamble, you’re taking a risk with something that has no inherent value and might not lead to a positive outcome.
When you bet, you’re participating in a regulated game of skill or chance that has a pre-determined outcome. Betting with real money is a widespread phenomenon in online gaming. One survey found that more than 80% of online gamers have placed a bet while playing a video game.
Gambling and Betting in Online Games
The main difference between gambling and betting is that gambling has no inherent skill component.
Clearly, you have no control of what the outcome is going to be. This is regardless if you have good grasp of statistics or probabilities. When you gamble, the only thing you can control is how much you are willing to bet. Betting, on the other hand, offers a certain element of skill. If you know the rules of the game and how to play it properly, you can increase your chances of winning. Who knows, you may be one of the few who can beat the casino.