There is a lot of hype about LIVE online gaming. One of the places we see live gaming already taking its place in the world is the online real money gaming scene. Here there are several companies that have opened up venues where there are webcams directed on the tables, so players can play real money game versus a live dealer with live cards in play.
This has become the latest and greatest way to play games online without the need for multi-player battle arenas. There is also no need for any virtual reality because the technique used by companies such as Microgaming and Evolution Gaming is high-tech, but at the same time simple.
How Does LIVE Real Money Gaming Work?
All that is needed is a webcam and some sophisticated facial recognition like software. There is a software platform provider that delivers this to operators that hire the software platform, so it can be made available to its members on the operator website.
All player accounts are held on the operator’s website, which is where the members sign up to play the games. Therefore, member accounts are all held by the operator(s). The operator will then connect to the software platform providing the live real money games and display this on their website or application allowing members to connect to the games via the website or app.
To make wagers, members can use virtual money that replicates an equal value to their real money account balance be this US$, Thai Baht, or UK£. It is entirely down to the operator which fiat currencies or cryptocurrencies are accepted as a legitimate way to deposit funds to play real money games.
Wagers are made and recorded by a sophisticated system that records how much has been placed on the table and how much they payout will be at the end of each round played on the game in question.
Results are determined by the software behind the webcams. This software is able to recognise every sequence of the game being played. At the end of each game played versus a live dealer, the results are read by the camera, which recognises when each round of the game has come to an end. This achieved with pinpoint accuracy. As a result, there is never any dispute on how much the player will win or lose.
All games are operated at a real table by a real person. This is why the new live style gaming online has become so popular. There is some talk of the old-style games workshop coming back to life in a similar fashion. This is something that we are not sure will take off, but if it is set-up correctly with the right software in place, then all that is needed is a trained person to move the pieces around the board; while, in the meantime, the computer does the hard work calculating the results for players.
Other popular games may follow suit in the future. In the end, live gaming and virtual reality gaming could come to head as direct competitors with each other. On top of this, of course, online virtual gaming in places such as Multi-player e-sports arenas online will also be taking a slice of the market share.
What games can I play?
Most of the games in what is known as live dealer suites are cards games. This includes บาคาร่า (Baccarat), Roulette, Blackjack, and Poker games. These are the most popular online real money games around right now and so it was inevitable that these games headline any live dealer suite.
Who are the main companies providing this style of gaming?
At the moment, there are several companies providing live dealer games. The companies that own the real money live gaming studios are the ones that provide the software platform to the operators. Microgaming was one of the first companies bring out the live dealer suite concept and thankfully unlike Apple, who we hate because they try to patent everything and slap an unaffordable price on it, Microgaming did not patent the idea.
In fact, within the real money gaming scene, Microgaming is as successful as Apple, but their business model is completely the opposite. When we say ‘completely opposite’ we mean that. This is because every new idea Microgaming has brought to the online real money casino scene, it has shared with its competitors.
Firstly, Microgaming invented the concept of playing games such as Roulette, Baccarat, Blackjack, and Poker online. This was in 1994 when Microgaming released the very first site players were able to pay into via Credit Card or Debit Card or credit card in order to place bets in exchange for a promised win – which is basically the concept behind the aforementioned games at the beginning of this paragraph.
Secondly, as Microgaming continued to grow in the industry, the company helped other businesses also grow by not patenting its popular ideas. This meant companies such as NetEntertainment and Playtech could also use the same features added to games or their software platform that already had proof of concept by Microgaming; i.e. if the concept was popular with players connecting to the Microgaming platform, then the competition could use the same idea.
For example, on the slot, it was Microgaming that came up with the concept of 243 ways to win with no pay lines on the slots. This was not patented and in the end developers such as NYX, NetEnt, and Playtech all released their versions of these slots also using the no pay line concept. This has now grown into 1024 ways to win slots using 5×4 reel faces rather than the traditional 5×3.
Lastly, Microgaming did not patent the idea of live dealer suites. This opened up the market for other companies to become strong competitors to Microgaming. This includes Evolution Gaming and Playtech. However, Microgaming does not care because it has already made a tonne of money in its industry, and it loves its reputation for being the pioneering company behind the invention of all things great on the online real money scene.