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Game Development

How Diwali Festival Impact on the Gambling Industry in 2022-23

written by Nitin Garg | Oct 14, 2022
Gambling Industry on the Diwali Festival

Online gambling has become a high-stack affair during Diwali. Sports betting and playing cards have become part of Diwali festivities along with religious ceremonies and firecrackers. Diwali festival has evolved into a virtual gambling event as migrant workers are apart from their families and friends due to transformation and the separation from friends and family. The game is transformed into a modern version on this day, and they make a fortune from it.  

From Sports Betting to Teen – Patti Diwali celebration is incomplete without these games. Have you ever wondered why we play gambling on this auspicious and festive season of Diwali? 

The Tradition of Gambling on Diwali

According to Indian Mythology, Goddess Parvati (protector, the destroyer (of evil) and regenerator of the universe and all life) played dice with her husband Lord Shiva on this auspicious occasion. She was indulged in the eternal cosmic game of losing and winning. That was the day when Goddess Parvati declared that whosoever gambled on Diwali will be showered with prosperity and wealth.  

Since then, weeks ahead of Diwali have been considered the peak season for gambling and sports betting. All the casinos around the world are filled with a rising number of players. The tradition of gambling on Diwali is reaching new heights globally capturing the attention of gaming enthusiasts. In foreign countries, participation in sports betting at the Diwali festival is increasing day by day. This rapid growth of sports betting and other popular games like Satta Matka, Casino league at festive season is offering thriving opportunities for those who wish to try their luck on this auspicious occasion and believe in the tradition of Gambling on Diwali.  

Shift from Traditional Gambling to Internet Gambling

Shift from Traditional Gambling to Internet Gambling

Technology has reshaped the landscape of gambling. Its ever-growing popularity has made a significant impact on traditional gambling too. Internet gambling allows friends and family to connect and build a more robust society around the world. With the extended power of the Internet, agents hold casino-style events online, allowing newbies who prefer safety and ease to participate in the festive tradition. The Internet has changed the demographics of gambling, providing people with the utmost ease and comfort. 

Remote gambling has changed the face of traditional gambling. Now, with the emergence of technology and the higher accessibility, the participation rate has increased, and land-based casinos have suffered a 6% decrease in attendance recently. There is no longer a need to visit a physical casino, and users can log in to online casinos using smartphones or laptops and enjoy the game with their friends and family. Online games are more appealing and offer the comfort of playing it anywhere, anytime.

Impact of Diwali Festival on Gambling

At a compound annual growth rate (CAGR) of 10.4%, the global online gambling market is expected to reach $81.08 billion in 2022. A CAGR of 9.2% is predicted for the market to reach $115.13 billion in 2026.

Using desktop and mobile devices, online gambling generates revenue through remote gaming activities. Online sports betting, casino, bingo, lotteries, and poker games are among the types of gambling offered on the market.

There are several types of online gambling games, such as betting, casino, lottery, poker, and online bingo. Numbers are randomly drawn to determine a prize in a lottery. Players can play the games on a variety of devices, including desktops, mobile phones, and tablets. Software and services are among the components.

The impact of the Diwali festival on gambling clearly shows the increasing interest of people in gambling on Diwali. Gambling operators are increasingly using digital platforms and online apps to grab the attention of people worldwide. Diwali is considered to be the peak season for gambling is considered the rising number of players.  

Earlier people used to organize poker, card, and roulette game nights around the festival of Diwali, Now, with digitalization agents around the world starting Satta Matka game leagues, Sports betting leagues, Poker leagues, Fantasy sports leagues, and a lot more. Operators are investing in organizing significant events, providing people with the opportunity to try their luck and earn more and more. 

Social media as the most prominent media platform, allows people to host events never like before in the Gambling Industry. There are websites like Betfair, Bet365, Betway, and BetOnline that organize sports betting leagues and other tournaments to attract people from all over the world. Operators create exclusive clubs’ online where users can place bets in real time and collect the winning amount immediately. 

Sports betting helps you earn online gambling real money. Here we have listed a few points for you to consider while placing the bet.

  • Collect all the statistical data and make data-driven strategies before placing the bet. 
  • Make valuable bets after analyzing all the significant situations.
  • Convert your hobby into a passion for getting all the sports knowledge; it can give you an edge over the bookie.
  • Keep yourself calm and act accordingly, winning and losing sometimes can distract an individual game plan.
  • Follow your instinct to get better results. 

However, now we will discuss gambling games in the next section.

The Game of Poker

Video poker is a casino game that can be found at almost all online casinos. There are many variations of this game, and the players don’t have to pay any money to play it. Online casinos around the world offer different types of video poker, such as Deuces Wild, Jacks or Better, Joker Poker, etc.

All these games are available at most casinos, along with blackjack, slots, and baccarat. You can also change the payout percentage at many popular online casinos to increase your chances of winning.

If you are looking for a Poker Game App Development then feel free to contact us.

Satta Matka Gambling Games

Nowadays, most Satta Matka lottery games are played online. It is largely the same game, even though the rules have changed. A random number generator now generates the winning numbers instead of a person picking a price of paper. Matka gambling websites are available for those interested in playing the game. Playing Satta Matka is even possible through mobile apps.

Satta Matka games are currently divided into Kalyan Matka and Worli Matka. There are five days of the week when the New Worli Matka runs. On Mondays through Fridays, it is held. As opposed to the Kalyan Matka, which is played seven days a week.

If you are looking for a Satta Matka Game App Development then feel free to contact us.

Gambling Games in Casino

Here are some of the most popular table games

  1. The Blackjack Game

With the help of a deck of cards, blackjack is a casino game played against the dealer. Drawing cards close to 21 without exceeding it is the goal of this game. 

  1. The Baccarat Game 

Casino games in which the player and the banker play cards against each other. A player bets on the banker’s or player’s hand in order to win.  

  1. The Teen Patti 

Teen Patti is a card game with Indian origins. This game aims to maximize the prize pool by drawing the top three cards. 

  1. The Three-Card Poker Game 

Played against the dealer, three-card poker is a card game with three cards. Instead of competing against rivals, players compete with the dealer. 

  1. The Four-Card Poker Game

Players can place a bet three times their Ante (mandatory bet) when playing Four Card Poker. 

If you are looking for Casino Game App Development then feel free to contact us.

  Fantasy Sports Gambling Games

  • Betting on Kabaddi

Kabbadi is an Indian game that is gaining popularity all over the world these days. As a Fantasy Sports App Development company, we have over a decade of experience. Kabaddi betting applications that meet the needs of users are provided by us.

Read More:- The Cost of Fantasy Football App Development and Key Features

  • Racing on ice

Whether you are using an Android or iOS device, Ice Racing Betting offers the best gaming services. We develop ice racing betting websites with a focus on user-friendliness and enjoyment.

Sports Betting App Development  Gambling Games in Sports Betting

  • Volleyball

Worldwide, volleyball sports betting apps and websites are becoming increasingly popular. You can select from dozens of varieties based on your preferences and selections through our automated gameplay.

  • Baseball 

During a baseball game, you can bet on the total number of runs scored. The total number of runs is determined by oddsmakers, and you bet on whether it will go over or under that number. Seattle and Philadelphia’s over/under is 8, meaning they must score at least 9 runs to win the over and no fewer than 7 runs to win the under.

  • Cricket 

It is also possible to bet on a team’s score during a cricket match. Bettors bet whether a team will score over or under a set score listed by the sportsbook before the match begins.

Read More:- Important Requirements To Create A Sports Betting Website Like Bovada

Top 5 Tips to Bet on Sports Game using Betting Exchange Software

Top 5 Tips to Bet on Sports Game using Betting Exchange Software

1. Understand the Main Odds of Betting

Balance the team by analyzing the odds based on the points. Sports betting development guide assists the bettor to beat their competitors by simplifying the prediction and also to calculate winning by considering a bet on the basis point spread.

 2. Learn About Betting Sites

With a rise in the popularity of sports makes an online betting site famous worldwide. Before choosing the website to place bets, one must ensure its reliability and security features by examining the specific money-back assurance guarantee policies.

 3. Choose a Local Bookie

Choosing a bookie for any sports game is a responsible job. Follow the procedures of numerous betting software sites, by experiencing the working process that can give you the winning confidence. Understand the conditions and play safe!!

4. Learn the Best Game for the bet

Before entering the sports betting market, it is essential to be familiar with sportsbook betting software. Choose the best game that can make your day memorable by merely providing multiple rich features. One can bet on popular sports like football, cricket, basketball and many more. 

5. Make a Fantasy Sports Betting Game League

Fantasy sports software gives a pleasurable experience to sports enthusiasts after placing bets on the fantasy sports betting game league. The best way to win any game is to make a better connection with the betting game.

Read More:- Casino Game Development Guide: Complete Process of 7 Steps

Conclusion: 

Play your favorite sports betting game and earn rewards this Diwali Festival of light. Aside from being fun, gambling can sometimes result in real money as well. With this opportunity, you have the chance to enter the million-dollar industry while also trying your luck. Playing cards or betting online can symbolize money, hospitality, and prosperity during this festival. In addition to promoting togetherness, it is also a great way to practice balance and have fun together.  

It is BR Softech’s pleasure to wish you and all your family members a delightful and happy Diwali. Make this Diwali even more prosperous and joyous by taking advantage of our sports betting services.

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Nitin Garg

I am Nitin Garg Founder of BR Softech PVT LTD - an Award-winning, app, web & game development company. We are armed with 180+ geeks & 2753 clients worldwide, I have driven by the spirit of entrepreneurship and dream to build a billion-dollar-company.

About Us

BR Softech Pvt. Ltd. excels in providing cost-effective IT Solutions. Established in August 2012 with over 10+ years of rich experience. An Apex rated IT serving company around the world. Our team of innovative and creative designers deals in web designing, and mobile game/software development intending to deliver outstanding digital outcomes.

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