Poland has a thriving online casino industry that has done well in 2020 even with the pandemic.
Guest author Jacek Michałski takes a look at the pros and cons of online gambling in Poland. To find out more about Jacek Michałski, click here.
Pros and Cons of Online Gambling
While none of the current gambling laws in Poland define online gambling specifically, they include provisions applicable to online games. Poland authorizes private operators to run promotional lotteries and online betting sites, but the state-owned Totalizator Sportowy monopolizes all other online gambling games.
The only legal form of online gambling in Poland is online sports betting. Still, online gambling is a thriving industry in Poland. According to the latest statistics, the Polish online gambling market is worth €1 billion.
Many offshore online casinos, eager to grab a share of this market, accept Polish players and even offer their services in the native language. Polish players only have to choose a licensed and reputed online casino and sign up to start playing real money games.
Online gambling in Poland is fun but has its advantages and disadvantages. In the following section, we will discuss the pros and cons of online casinos. Let us first look at the pros of online gambling before we go to the cons.
We have listed the pros of gambling below:
Online Casino Bonuses
When you sign up at an online casino and fund your gaming account for the first time, you qualify for a welcome bonus. Later, you can claim a variety of bonuses such as free spins, matched bonuses, loyalty bonuses, cashback bonuses, and others at the online casino.
As you don’t have to get dressed and travel all the way to a land-based casino, playing at online casinos is easy and convenient. Moreover, you save on travel costs and a lot of money that you end up spending at land-based casinos.
Your friends and family members need not know that you gamble. You can play as much as you please and nobody will give you their unwanted opinions about your gambling habits.
Online casino games move at a rapid pace, allowing you to play more games in the shortest possible time.
Better Payout Percentage
Online casinos offer better payout percentages, enabling you to win frequently. They can afford to do so as they save a lot on operational costs.
Now, let us take a look at some of the main disadvantages of gambling:
Easily Accessible to Vulnerable Groups
Online casinos allow you to access your favourite gambling games in the comforts of home. Thus, gambling games become easily accessible to vulnerable sections of society such as gambling addicts, problem gamblers, and minors who can experience more harm than good from the activity.
You can easily become the victim of a rogue casino. These are online casinos that operate without a license and do not come under the control of any regulatory body. They are known to offer pirated games, withhold winnings without valid reasons, and shut down without a warning.
Playing online casino games at home is a solitary experience. You may miss the social aspects of gambling at online casinos. However, some online casinos try to make the experience social by running tournaments, offering refer-a-friend bonuses, and so on.
Payout Processing Times
If you win some money while playing at a land-based casino, you will receive your winnings before you leave the premises. But you have to wait for days to receive your online casino winnings. One way of getting around this is to choose payout methods that allow you to get your winnings fast. Another way is to sign up at the top online casinos, which are known to pay out winnings in the shortest time.
If you use your credit card to fund your casino gaming account, you have to reveal your credit card details to the online casino. So you have to make sure that you sign up only at licensed and reputed online casinos that give top priority to security.
Or you have to use anonymous payment methods such as cryptocurrencies and electronic wallets, with which you may not be comfortable.
Polish players can enjoy online gambling from the comfort of their home and while on the move. However, players must be careful in choosing which online casino they play at and also ensure they have measures in place to protect themselves from problem gambling and being exploited by rogue casinos.