What is sports betting?
If we keep it simple, sports betting is the activity of predicting sports results and placing a wager on the outcome and hope to win. Today, many sports betting sites exist like Bet365, Pinnacle , William hill, Xbet, Unibet and many more. Every site has their advantages: best betting market, best odds, best app, best welcome bonus’, etc… Before playing, you should choose the one or few that will fit your needs. There are other factors that you should consider before making your decisions. You will have to consider the available currencies and countries.
Some sportsbooks do not have the licence to operate in all or even many countries.
The sports betting market occupies the largest market share in the overall gambling market accounting for around 40% of the gambling revenue generation across the globe as it continues to grow. The American Gaming Association estimates that US$150 billion is bet annually on sports by Americans.
Some of the most popular games that are involved are:
- horse racing,
- and the list goes on;
Legalisation is opening the market worldwide
The primary reason for the consistent growth of the sports betting market is the gradual easing of government regulations on gambling in general. The mainstream acceptance of sports betting is peaking. There simply has never been this much momentum to legalize sports betting outside of Nevada. The shift in gambling regulations across the world has opened up opportunities for gamblers to participate in sports betting in any part of the world through online platforms based in countries who accepts sports betting.
“In 10 years time, I expect sports betting to be part of major telecommunications companies and data companies.”
Chris Eaton, an integrity monitor and former investigator for INTERPOL
“In the short term, there will be a lot of attempts by companies big and small to use their own versions of big data to be predictive in sports, financial markets and other industries, the long term, it will come down to what sources of information and which companies will help create the most powerful learning and reproductive algorithms and who will own those algorithms. I don’t have that answer and neither does anyone else at this point.”
Mark Cuban, owner of the NBA’s Dallas Mavericks
There are profitable ways to manage your bets
Everyday, people try different strategies to win more wagers and yes there are different strategies to beat the bookmaker. The most important sports betting strategy of all is staying true to whatever system you use over the long term. Do not abandon it at the first sign of a losing streak . It’s not about making a single huge bet and winning lots of money in one shot. Instead, it’s all about making a series of small, smart bets that add up over the season to a large overall gain. Bet with your head not with your heart. Your favorite team is not a sure bet! The most successful sports bettors realize this and continue using their strategies year after year without ever questioning their logic, except to make certain smart adjustments. You can’t win every game, and losing will happen, it is inevitable. Upsets happen all the time, however if you want to win long-term, stay consistent. The two-time Oscar nominee Bruce Dearn says:
“Sports betting is all about money management, so the most money won on one event is not the most important thing.“
In the end, nothing will beat the thrills and convenience of online sports betting, you just add fun and excitement to something you already thoroughly enjoy. Who know’s, maybe you will be the next bookie killer.
Good luck !