Modern Day Sports Betting
Sports Betting is an act of predicting sports results and placing a wager on the outcome. It is fast becoming a popular industry in the world of sports. With the advancement of technologies, Sports Betting is quite easy and affordable to almost everybody interested in sports and gambling, with increasing offers, especially from online bookmakers and prediction sites.
Sports betting originally began in ancient Greece with the Olympic event being a major showpiece. Sports betting has undergone a lot of changes and it currently features so many sports available to punters including Football, Basketball, and even Ice Hockey betting in NHL bookmakers. These sports offer a lot of betting options and nowadays you can even place a bet on a player to score a goal or even complex bets like player bookings.
Requirements for Modern Sports Betting
As stated earlier, you only need a smartphone and an internet connection to wager bets but first of all, you need to create an account with a legitimate online bookmaker. You would be required to fill in personal details like your name, contact, and in some cases your address. It is also necessary to have a card/account for your transactions and you must submit the right details to ensure the validity of your bet account.
Advantages Of Modern Day Sports Betting
- Easy Accessibility: Sports Betting has become very accessible and more lucrative with mouthwatering offers ranging from sign-up bonuses to cashback on deposits. In the early 2000s, it was very difficult to make bets from the comfort of your home but recently all you need is an internet connection and a smartphone to place your bets.
- Funds Security: There has also been an increase in the security of funds in the betting industry. Punters can handle a lot of cash on the internet without having to risk carrying a huge sum of money around. For this reason, sports bettors are willing to invest a good amount of money in legitimate online bookmakers.
- Live Betting: Live betting options has become a key part of sports betting. Punters can now analyse live games and place bets on ongoing games. This was not available a few years ago and almost all top online betting sites provide this feature for various sports.
- Virtual Markets: Another recent feature of sports betting is the option of betting on simulated sports events. These markets offer virtual sports to punters and the results are immediate, you don't have to wait as long as 90 minutes for a bet on virtual football.
Disadvantages Of Modern Day Sports Betting
- Underage Gambling: Sports betting is now accessible to almost anyone with a smartphone and an internet connection, therefore there has been an increase in underage gambling as there are a lot of loopholes and weak security measures to curb underage persons from gambling. Various states have different legal ages for sports betting with 18+ being the most popular.
- Increased Addiction: It is much easier to become addicted to Sports Betting these days due to its easy accessibility and availability. Punters are not only limited to betting houses and studies have proven that there is an increase in addiction with the introduction of online bookmakers and a variety of sports.