Подписка ReLife
It's the 21st century and the clash between online social casinos and real-money casinos is becoming one of the heated topics. Where one provides players with their fake money, and the other one with actual money. It's a tricky business because operators have to teach their users about how to play them, figure out how to make money, and follow the rules. Whether you are in this business for fun or want to make money, you must clear your basics. Here, we will explore the differences between these two models and which will be best.
How to Differentiate Social and Real Money Casinos?
1. Definition
Online social casinos can be defined as “websites where players can participate in their favorite casino-styled games without betting their real money.”
Instead of money, they use virtual chips such as gold coins or sweep coins to play slots, tables, and others.
Real-Money casinos function like a land-based platform where players bet with their actual money. This results in players facing actual winnings or losses.
Also, they deposit a certain amount of money, place bets, and win or lose their deposited money.
2. Access & Availability
These virtual gaming websites are readily available worldwide without the need for age verification or strict regulations.
The users can install the app or visit the official site and play famous social casino games. It is the most useful option for casual ones.
On the other hand, these offline casinos function under extreme regulations depending on the country and region.
Users must be of the official betting age and seriously follow the geographic restrictions.
This environment promises fairness but also limits accessibility.
3. Game Variety
Players will find the most popular games in a social casino. It features unique elements such as leaderboards and challenges.
The variety makes them return for more and keeps them stuck to the website.
These online gaming websites feature classic traditional games. This includes slots, blackjack, and roulette.
They also provide online casino bonuses and promotions in iGaming to their players.
4. Social Interaction
This iGaming platform helps players connect with their friends. In addition, they also send gifts, share achievements, and chat during the game.
Real money casinos, on the other hand, focus on a specific user. Some live dealer games provide restricted social interaction.
The users have a single aim, which is to win the game.
5. Customer Acquisition & Marketing Strategies
Marketing for online social casinos is quite easy. It includes daily ads using social media and connecting with well-known online casino affiliates.
They come with fun methods, making users aware of them and increasing player engagement.
On the contrary, these traditional betting platform sites have to encounter difficulties while promoting themselves. The prime areas like Google & Meta have stern rules for betting ads.
To grab the attention of new and existing users, they offer online casino bonuses and promotions in iGaming.
6. Regulatory Compliance & Licensing
These digital gaming sites are not seen as betting because it doesn't include actual money.
This led to operators facing fewer jurisdictions rules hurdles. But they must pay attention and develop their offerings, maximizing the monetization opportunities.
Running real money casinos means following a heavy set of standards that depend on the country and region.
Operators need to obtain an official gaming license sanctioned by the higher parties. They must enforce Anti-Money Laundering (AML) & Know Your Customer (KYC) protocols.
7. Target Audience
These online gaming sites cover casual users who look for entertainment without monetary stakes.
They offer elements such as leaderboards, achievement systems, and social interaction.
On the other hand, these iGaming platforms focus on particular audiences who are willing to bet their money. The audience includes both casual and regular ones.
The player retention isn't stable because users come across financial losses.
Which Model Matches Your Business Goals?
The decision about which model will be the best depends on the operator's business objectives, target audiences, and other factors. The social online gaming website is the easiest way, as it requires fewer regulatory standards with casual gameplay. On the other hand, the real money casinos generate high revenue, but demand high investment in the application process, marketing, and other activities. After considering all of these factors, it will become much simpler for operators to make the best decision.
Conclusion
Summing up this discussion, both of these platforms share commonalities in game offerings but operate under different models. To become successful in the industry, they must be aware of what they want and the trends in the industry. PieGaming is a well-experienced iGaming software provider that helps young minds enter the market with their white-label and turnkey software solutions.
Комментарии