One of gambling’s oldest and most popular forms of placing bets is on sports. In the early days, sports betting seemed to be primarily on horse racing. However, today, it seems that you can gamble on any type of sport imaginable. American Football, NBA Basketball and soccer from every league in the world is proving to be extremely popular. Sports betting, allows punters to mix their passion of their preferred sport and gambling together. It gives the punter a chance to put their money where their mouth is, in the hope that their knowledge of the game will help them predict the outcome and win some money. Many people will only bet on their team they support to show loyalty. Sports betting can change a dull or one-sided fixture into the highlight of your day. With gambling becoming increasingly legal in many countries around the world it seems whether you like it or not, sports betting is here to stay. There are many sites online nowadays that allow you to gamble on sports or slots, like eye of horus which is available 24 hours a day 7 days a week.
How Big Is Sports Betting?
Over the past few decades, the popularity of sports betting has been growing to new heights. Considering the first sports book was published online in 1996, the speed in which the industry has developed is incredible. In the United States, during 2013 the market size for legal sports betting was worth approximately $240 million US Dollars. However, the legal sport gambling sector was estimated anywhere from $1.5 billion to $11.8 billion dollars. Although, the exact figure for the illegal sports gambling market is impossible to give an exact figure, the estimations are staggering. Experts reckon if sports gambling was legal throughout all the states in America that the value of the market could be worth around $16 billion dollars per year. Legal sports betting investors claim today, with more states legalizing gambling, that the industry will be valued at $7 billion to $8 billion US dollars over the next five years. Many online casinos that offer slot games like blackjack online, are branching off into the sports gambling industry these days.
Benefits Of Sports Betting
Sports betting can be extremely entertaining for those who take part. Whether it’s a day out with your friends at your local pub to watch your bets on the Premier League football matches, or, if you have a box seat at Wimbledon for the tennis final in London with your betting ticket in hand, sports betting can seriously add to the rollercoaster ride of emotions sport entails. The thrill is hard to come by in any of the other investment classes. Not many people invite all their friends over for pizzas and beers to watch the stock market channel.
In many countries sports betting is tax free, which is a dream to any investor. Many governments cannot tax sports betting profits because they would have to allow equal tax credits for gambling losses.
The Difference Between Investing In Stocks To Sports Betting
Unlike betting on the stock markets, sports betting unfolds in front of your eyes if watched live. This transparency gives the punter a view of exactly what is happening with their money. In soccer for instance, many of the bigger games will have team information, statistics, player and manager’s press conference before and after the games, TV interviews with players and coaches, former professionals and presenters opinions on the game, live commentary throughout the game and injury updates. It seems these days the amount of information on games and players appears to be endless. Many players use social media platforms nowadays to update fans on their physical condition and often post videos of themselves working out at the gym or going for a jog. Most stadiums now are fitted with lots of cameras with views from all angles in High Definition so the viewer doesn’t miss a thing. Nowadays, with the use of technology, sports are becoming even more regulated. In tennis, Hawkeye is available to the players which allows them to challenge an umpire’s decision. In soccer, VAR (Video, Assistant Referee) is available. This allows the referee on the pitch to get advice on a decision they might be unable to see. A group of referees with screens will be able to replay the situation in slow motion numerous times until a decision is made. As it’s impossible for the referee and assistant to watch all 22 players on the pitch at once, this new technology has proved very useful. Similar technology is seen in many sports these days including Rugby, Ice Hockey, NBA and Baseball. This gives the punter certainty in their investment. It also reduces their chances of feeling cheated.
Sports betting is recession proof. Even if inflation rises, a war starts, a famine starts, none will affect the odds of a game. Games are completely independent to all the variables outside the game.
Sports Betting Is Always Available
365 days a year, it seems to be possible to place your bets on sports. Fair enough, it might not be your preferred sport or league, but with the advantages of the internet you can gain access to sports and leagues throughout the globe. Even during the world’s current crisis when it seemed the entire world was on lockdown, you could still find games being played and online bookies ready to take your bet. Sports betting is limitless.
Can Sports Betting Make You Rich?
Like any type of gambling, in the long run it is rare that people will make a profit. If your friends are consistent gamblers, it’s likely you only hear about their wins! Winning is something many of us like to boast about, losing is a topic most of us try and avoid. However, many punters have had their fair share of life changing wins. Sometimes making large sums of money predicting odds on sports, but unfortunately the number is small in comparison to those who cling onto the dream of a big win. In 2016, Leicester City were at 5000/1 to win the Premier League. The lowest odds given to any club in the league that season. They managed to come first and bookies all of the UK had to pay out those lucky punters.