Gambling has already been part of the history of humankind. It is the entertainment that anybody desires to play as a pastime and an easy way to earn money. Kings and queens of kingdoms back in the Before Christ era are obsessed with competing against the other firmament through betting. Betting has been the alternative way of war ever since the previous times.
As time transcends, the changes and progression in science and technology paved the way for modernization. The geniuses’ curious minds made multiple creations and revamping from transportation to mobile devices that helped people complete their tasks without hassle.
In line with the development in these apparatuses, so does the innovation in the way of gambling. Several entrepreneurs of the past created different betting games and even upgraded some old ones, like Vingt-un, Twenty-One to Blackjack, Russian Roulette, Poker, and some coin-slotted gambling machines. The revolution in the modernity of the wagering competitions lured thousands to millions of people.
Based on the global gambling statistics, at least 26% of people, the worldwide population gamble. When converted, that is already 1.6 billion people around the world. On the other hand, there are 4.2 billion people who put their possessions or money stake every once a year.
Nowadays, the rate of people betting is continuously increasing this 2020 now that people are at home quarantine as the COVID-19 pandemic persists in diffusing. Most especially since betting companies are already upgrading their online presence, their virtual game improvement has lured millions to billions of E-sports fanatics. According to a UK study, 17% of the population gamble that their annual revenues grew to $41.7 billion.
Since the authorities are still implementing a mass lockdown, land-based casinos are temporarily shut down. As an alternative, bettors utilize virtual gambling to pass the time and gain extra income.
Suppose you are looking for an online casino that best suits you; read the infographic below brought to you by CM2BET, the most recognizable Singapore horse racing odds company.
Additionally, you will be able to know the answer to the common question of new bettors, “Are lottery winnings taxable in Singapore”: