Greece has a warm and friendly reception regarding gambling products and services. Over the years, the industry has experienced some ups and downs, with online gambling falling on the negative side. The law (Law No. 3037/2002) restricted all electronic gaming which made many operators helpless and indefensible. However, retail establishments and sports betting Greece shops kept doing business at that time.
Today, online gambling is legal in Greece. Online casinos and sports betting are its main pillars. The industry has evolved through the regulations and guidance of the Hellenic Gaming Commission (HGC). Punters can enjoy playing their favorite slot games on online casino Greece platforms or betting on their preferred sports team. Thanks to technologic initiatives, big platforms are creating awesome products to storm the Greek market.
The Greek market is rated one of the fastest-growing gambling markets in Europe. The online casino and online betting Greece legislation permits multiple revenue streams. In this review, Giorgos Manousos will discuss the two sides of Greek gaming - virtual casinos and sports betting, focusing on their popularity among users.
First things First, Details about Regulations and Licensing
Online gambling in Greece became legal around 2012. Until 2021, online sports betting, digital bingo, internet lottery, and online casino gambling were a monopoly of OPAP (Greek Organization of Football Prognostics). Removing the monopoly allowed private companies to apply for the online gambling license.
Fortunately, the law regulating Greek online gambling recognizes two distinct licenses. The online casino Greece license and the online betting license. This ensures both aspects operate securely and legally. No-KYC casinos, by the way, should also get the online casino license even if they don't require verification from you. So, even if you want to play anonymously, always check the presence of licence.
Online casinos offer gaming options which include poker, slots, blackjack, roulette, etc. The online platforms oblige to stringent legal regulation, secure real-money transactions, and promote fair play. The gaming commission also regulates sports betting in Greece. They ensure players are protected from fraudulent practices and shielded from problem gambling.
Difference Between Casino Gambling and Sports Betting
Before we dive into stating which of these forms of gambling is more popular, we will try to tell you basic points to differentiate these two facets. Both forms of gambling require wagering or risking real money on the outcome of a game. While there are many overlaps, here are a few distinct features of these forms of gambling.
- Casino gambling involves placing bets on online casino games. On the
other hand, sports betting in Greece involves wagering on different
sports events. - Examples of casino games include slots, craps, poker, baccarat, and
jackpots. Sports betting Greece options include NFL, MLB, NBA, MMA,
NHL., etc. - Casino gambling does not have a wide range of bet options compared to
sports betting. Betting has a wide range of bet options which
includes wagering on number of goals/points, how many red cards a
match would have, etc. Interestingly, the more specific your bets
are, the better the odds.
Online Casino VS Online Betting
Let's drift back to why we are here. What's more popular, online casinos or sports betting? Interestingly, the popularity of online casino gaming and betting is based on preference, accessibility, technological innovation, and game variety. Although these two forms of gambling are very popular, could one me more popular than the other? Let's explore these forms.
Online casinos have a wide audience and have pulled in a lot of young punters due to their varied gaming options and convenience. Young players are tech inclined. They enjoy varieties and casinos bring that to them. Most online casinos offer a live dealer game option which provides a thrilling and immersive experiecne. Punters also get bonus incentives which give them more reason to explore more games. Technically, the user experience among Greek casinos is enriched with sound, interactive gameplay, and advanced graphics. These platforms also offer regular updates, and new game titles, which keeps the Greeks returning for more.
Greek casinos ensure players are satisfied. Mobile gaming is one innovative feature that makes this happen. Players are able to gamble on the go and also initiate payment using cryptocurrencies. Virtual Reality, Augmented Reality, advanced graphics are also been introduced to give users the best experience.
On the other hand, sports betting in Greece has cultural and historical significance. The transition from betting shops to online platforms made it more convenient for punters to place wagers. Again, this transition was also seamless because they people needed this change. Fortunately, football, basketball, baseball, and other sports have seen huge followership in Greece, resulting in a boosted online betting market.
Greek Sports fans have an emotional connection with the game that often translates into them betting on their favorite sports teams. Players feel more connected to the game when they place a wager. Hence, there is a spike in betting when these games are on. The in-play betting opportunity gives players a chance to bet even when the game has started.
Sports betting in Greece also has a more engaged community. AI-driven analytics and social media keep fans and bettors engaged. The Greek online casino community also exists but does not edge over the betting community.
Let's Wrap it Up.
Considering the points noted in this review, you would understand that it is difficult to definitively state which form of gambling edges the other in Greece. However, these two forms of gambling are the most popular and have caved unique paths. Best online casino platforms pull in gamblers with a desire to experience diverse gaming experiences and excitement, while sports betting aligns more with sports lovers. Each facet has a huge following.
We can assume a balance between both forms of gambling regarding popularity. Online casinos tilt more toward the younger-tech players. Sports betting is sturdy because of the Greek betting culture. However, both aspects of the industry thrive on new technologies and continue to offer exciting opportunities.
14.08.2023