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Harry Stark

Professional Writer and Digital Marketing Specialist
Harry stark is a professional Writer, and Digital Marketing specialist. He is passionate about writing the news which is covered in all aspects.

An Overview of Thailand Online Gambling Market in 2020

Date: Wednesday, October 7, 2020 4:08 AM EDT

If you ever been to Thailand, you would know their capital city - Bangkok, is the most populous city of Thailand and is very well-known for its stunning islands and vibrant street life that attract millions of tourists every year. Other than that, Thailand is also well-known for its strict regulations against any gambling activities such as online casino like คาสิโนออนไลน์888 in Thai. Except for their own government sanctioned horse racing and national lottery, which is extremely popular among Thai people since the lottery was started in 2013.

Here are some interesting facts about the online gambling market in Thailand.

  1. 70% of the adult population gambles regularly through online gambling websites such as เซ๊ ก ซี่ บา ค่า ร่า เกมส์ 66, illegal bookmakers and underground casinos which yield approximately 6.5 billion dollars or 202 billion thai baht. 
  2. Despite the ban, Thai people are still actively engaged in gambling activities, most of them are playing on foreign online gambling websites by connecting through VPN to get around the rules to place bets and earn money.
  3. Thai people had betted nearly 158 billion thai baht alone on world cup in 2014. Imagine the taxes that could be collected by the government if they were legal in the country.
  4. Surprisingly, cock-fighting is widely popular among the Thai people and more than 180 billions thai baht were wagered through underground gambling premises in 2015.
  5. It is estimated that Thailand will have more than 300 gambling dens across the country in 2020, nearly doubling its record of 170 gambling dens back in 2015.

Here raises the question, does the ban on gambling work? Answer is no, banning most of the gambling activities in Thailand has led to an increase in illegal gambling platforms such as online gambling websites, illegal bookmakers and underground gambling dens. Leading to another issue about the fairness of illegal online gambling. A fully licensed or government sanctioned casino will have regular inspections by legal regulatory bodies to ensure fairness and equality of the games. However, there is no such authority for casino games in Thailand. That is why many Thai people have encountered problems such as the operator did not pay for their winnings and ceased all communications with the winners.

 

Why choose online gambling?

The world of online gambling has already become a trending hit for gamblers not just in Thailand but all over the world. Many have migrated from land based casinos to online platforms and here are the reasons why:

Convenience

Convenience is the first thing that comes to the mind associated with online casinos. Back in the day, it would require planning on budget and transportation or even flight tickets to go to a casino if it is not in your home country. It will be quite a long and exhausting journey just to visit a casino and play a few hands as time is another concern. In the case of online casinos, you can sit back and relax on a couch with your singlet and shorts and play the whole day long with your favourite games without any interruption or concern. With the convenience of accessing mobile casinos and play any games you want, making the game play the most enjoyable casino experience for its users.

Mobile Technology

Thanks to the advancement of mobile technology and also the casino providers who moved their platforms to mobile, be it an mobile app or website, as long as you own a smartphone or mobile device, you can have access whenever and wherever you want. This means you can enjoy your favourite game while commuting from work to home, wager on your favorite casino game on the beach. Ultimately, giving you the absolute freedom to go into the mobile casino anytime you feel like.

Variety of Games

Table games or any other games are limited when it comes to the land based casinos. The selection of games are limited, for example, a few poker tables, some baccarat tables, few rows of slot machines and several roulette wheels. However, there is no limit to the variety of games for online gambling websites. You can join in any game tables, slot game, any of your favorite games with a single tap. Most online gambling websites offer hundreds of different gaming options including online casinos, sportsbook and slot games. Some even have cockfight and horse racing platforms available for their customers. The possibility of online gambling is limitless and all can be implemented into a single platform on your mobile device. Most importantly, unlike landed casinos, there is no waiting time to play your favorite games. 

Payment Options

Unlike land based casinos where you only can exchange for the chips with cash or card, online gambling websites allow more choices when it comes to deposit - from debit card to credit card, online transfer, e-wallets and even through deposit machines at the bank. Most of the transactions are done instantly, the same goes to the withdrawal. Of course, a genuine highly trusted online gambling website will have the latest encryption technology like เว็บพนันออนไลน์ 88 to keep your personal information at highest discretion. 

https://www.youtube.com/watch?v=ja8-f5JfbPE

 

Even live games can be tampered in online gambling platforms. Roulette, one of the most popular casino games around the world, is also one of the easiest games for manipulation unfortunately. The most common trick is to use a magnet to manipulate the outcome of the ball, so that it does not land on the number with most bettings on. 

There are thousands of online gambling websites that Thai people can get easy access to and place bets on their favourite sports, play online slot machines or betting in online casino games. There are many renowned bookmakers in Asia who are legal and licensed in countries that promote gambling activities such as the Philippines and Cambodia and open their market to Thai people or those who live in Thailand; Maxbet is one of the reputable online bookmakers in the Asian market.

Disclaimer: This and other personal blog posts are not reviewed, monitored or endorsed by TalkMarkets. The content is solely the view of the author and TalkMarkets is not responsible for the content of this post in any way. Our curated content which is handpicked by our editorial team may be viewed here.

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