Online Gambling is an activity where individuals place bets on casino games, sports events or other forms of gambling using a digital platform. Unlike traditional bricks-and-mortar casinos which require physical visits to licensed premises, these platforms allow players to bet from anywhere in the world at any time.
Like other forms of gambling, online gambling is a risky activity and it can lead to financial problems, loss of employment, and damaged relationships. It can also lead to addiction, with symptoms similar to other forms of addiction, such as preoccupation with gambling, increasing the amount staked in order to achieve the same level of excitement and unsuccessful attempts to control it.
A range of risks are associated with online gambling, including phishing scams, hacking and repurposing of customer data. Fraudsters can exploit security vulnerabilities in the software used by these websites and use tools such as multi-accounting to cheat the system, or even use stolen credit card information to make transactions on their account.
Another major concern is that online gambling can be more addictive than other forms of gambling. This is partly because of the ease and convenience with which it can be accessed, without having to visit a physical establishment or adhere to opening hours. The ability to place large wagers and constant access to a variety of betting options also contributes. Craving is another risk factor, with research demonstrating that the craving for gambling increases as gamblers experience higher levels of anxiety, such as uneasiness, trepidation or apprehension.