Gambling in A World That Never Sleeps

Gambling In A World That Never Sleeps|Gambling in A World That Never Sleeps

When we think of casinos, we think of their sensory features about them, and how they directly influence a player’s decisions and encourage the player to take or make riskier choices.

From the bells and whistles of the slot machines to the dazzling colors and shapes of table games, this form of entertainment – also known as gambling – is designed to delight you.

Free drinks are offered because alcohol decreases inhibitions, and in a way, you lose your senses. The sound environment is controlled: from the upbeat music to the bells and sirens used to signify people winning, to the flashing neon lights and jackpot signs; one’s senses get overloaded whenever you wander around a casino.

Fast forward to 2022, and things have changed. Computer hardware has progressed exponentially, and we now have a metaverse – a concept that was science fiction when we were kids.

The Metaverse is a digital world that can be accessed on nearly any hardware and allows you to attend virtual meetings or concerts, walk around shopping malls, and even own property. It is a virtual reality world where you can go to school, go to work, play games, watch concerts, browse store shelves, and do much more – without leaving your physical home.

But, how does this impact the gambling industry?

The online gambling industry is experiencing a dramatic boom in terms of customer acquisition and revenues. Many innovations featured in the online gambling industry, include the ability to interact with dealers and other players via live video streaming.

The Metaverse is fast replicating this methodology, making it accessible to you from anywhere with an internet connection. Picture playing Russian Roulette, or strategizing during Poker and Blackjack with a delicious cocktail in your hand, in the comfort of your home, in real-time, using your VR headset.

The Metaverse will address four of the most pressing challenges that the online gambling industry has been grappling with for years. 

Four of the most pressing challenges The Metaverse will address

Game Selection

There is a wide variety of online games, and this is one of the vast aspects of online gambling. When it comes to virtual reality game selection, one of the critical considerations is the computer power required to run the games and the entire interactive casino.

A good casino will try to cater to the tastes of players from all backgrounds, offering games from the usual classics, to more modern options.

Playing Posture

This will make the activity easier.  Activity means everything from signing in to playing online games, to sitting through gambling sessions. From personal experience, many often find it strenuous to sit and stare at a screen playing online. With the Metaverse, all you would have to do is log onto your casino account, put on your headset, and the entire experience will be delivered to you. And just like that, you’re immersed in a new atmosphere, having a true-to-life experience.

Traditional Gambling Characteristics

With the immersive experience of the Metaverse, gamblers may quickly notice the opponent’s body language, relate to the opponent’s avatars and feel more in control of the characters.

Payment Methods

One of the most challenging issues in the gambling world is the inability to deposit or withdraw winnings from a casino site, because of their country of origin. We can assume that cryptocurrency will be the Metaverse’s currency.

If you think about it logically, it only makes sense that the approved transaction methods are digital as well. With crypto, it becomes possible to gamble on any casino site in the world, without having to worry about common issues like whether you can gamble because of your country of origin.

The Metaverse is going to bring about a lot of changes in the online gambling community. However, it is unlikely to gain enough traction in 2022 to have an impact on the bottom lines of online casinos.

It’s difficult to picture someone regulating gaming venues in existing and emerging Metaverses.

However, this cannot be said for Facebook’s platform – because of the reach of the Facebook/Meta brand and the number of people who use its social media network, it is highly unlikely that governments throughout the world will refrain from interfering with how things work in this potentially limitless virtual world.

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Lwazi Sibisi

Lwazi Sibisi

Digital Marketing Specialist at BET Software

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