The gambling industry has always played a major part in our lives. Even though legal casinos are relatively young as they have been legalized in the 1960s and 1970s, the industry has had a massive boom ever since.
In 2020, the total revenue made by the gambling industry exceeded $465 billion. Not only that, but experts predict that it will rise to over $515 billion in 2021. There are two types of gambling — recreational and professional. With the help of Exycasinos experts, this article will look at both types and name all the pros and cons that come from them.
Professional gambling requires years and years of training to perfect your craft. The whole goal of this type of gambling is to earn a massive reward. In most cases, professional gamblers participate in various tournaments where the prize pools exceed several millions of dollars.
One good example of an extremely rewarding tournament is the World Series of Poker, where some of the best players in the world test their skills. The 2018 WSOP total prize pool was over $80 million. The best part about this tournament is that you can even come across some celebrities, including the likes of Tobey Maguire, Ben Affleck, Lennox Lewis, Mekhi Phifer and Shannon Elizabeth.
Additionally, professional gamblers may even play progressive jackpots, as these are high-rollers games. Not only that, but thanks to the rise of online casinos, progressive slots can be accessed from the comfort of your home. They are created by many of the world’s most renowned providers, including Microgaming, NetEnt, Play’n GO, Yggdrasil and Playson.
The biggest pro of professional gambling is the fact that you can earn thousands, possibly millions of dollars. You’ll also meet new people, make friends and share knowledge. The con is that you will likely have to dedicate a few years to learn and master the craft. You’ll also have to make sure that it does not turn into addictive gambling.
On the other side, recreational gambling has the total opposite goal of professional gambling. Here, the idea is to have fun and be entertained. That is why many gambling games, such as poker and blackjack, are used as social games because they ramp up the excitement.
Even if players decide to wager on the games, the bets are relatively small, which means that the rewards will be relatively small as well. If you want to have fun by yourself, many sites offer free play of various casino games. Some online casinos even provide players with a demo version of various slots and table games, but it is worth noting that you need to register at these sites to access the games.
The biggest pro that comes from recreational gambling is the fact that you will have lots of fun, whether you are by yourself or with friends. The con is that you don’t have access to major rewards and if you want to play the games online, you might not be able to find demo versions of every casino game.
The bottom line is that it all comes down to individual preferences. If you want to give casino games a try, then recreational gambling is the best option. But, if you want to win rewards, then you will have to focus on professional gambling.