How Sports Betting Has Changed Over the Past 10 Years
Sports betting is a massive business and if we use the United States as an example, over $100 billion has been bet in the country since May 2018.
This date is important because it was when the Supreme Court ruled each state could decide whether to legalize sports gambling. In January 2022, New York legalized sports betting and immediately set a record of the most bets in a single month. This shows how quickly the world of sports betting moves and we have seen many changes over the past 10 years.
Convenience
The figures do not lie and the number of people betting on sport online has increased dramatically over the past decade. The same cannot be said for face-to-face betting although thanks to the changes in the regulations in the United States, this figure may appear to be going up.
Nonetheless, there is a clear switch from land-based sports betting to online sports betting and the overriding factor behind the switch is convenience. It is easy to turn to a mobile phone, tap the screen a few times, and place a bet. It takes a matter of seconds, and the action can be conducted from anywhere and at any time.
The same is not true for traditional bookmakers and you must make the effort to travel to a land-based sportsbook to place a bet. We live in a world where convenience is a significant factor when making decisions in day-to-day life and this applies to sports betting.
Live Betting
Gone are the days of having to place a bet on a sporting event before it starts. Things have changed and thanks to the introduction of online sportsbooks, it is now possible to bet on a sporting event as it is taking place.
In fact, live betting has become hugely popular, and people are waiting to see how a game unfolds before having a wager. This has led to cash out opportunities and you now have the chance to end a bet early and accept a sum offered by the bookmaker.
Live streaming is also a key feature that has changed in recent years and is linked to in-play betting. Many of the top online sportsbooks offer free live streaming of sports events if you have a funded account or have placed a bet on the event. This means you can use an online sportsbook to watch sports live and it has become a great alternative to watching live sport on television.
Information
The past 10 years has seen the increased introduction of websites offering sports betting information and statistics. There are many websites dedicated to providing accurate statistics and sports betting models designed to produce more winning bets.
There is no excuse for making an uninformed bet because all the information is readily available for free and all it takes is a few minutes of your time to read. There are betting tipsters who charge a monthly subscription for access to their betting tips, and this is something that has become more popular in the last decade.
However, with the wealth of free information online, a paid service is unnecessary, and it does not take long to analyse the statistics and make an informed bet.
Lower Minimum Deposits
Players are becoming savvier and looking for the best value for money. This includes welcome bonuses and no deposit promotions plus betting sites with minimum deposits like those on minimumdepositbettingsites.com. The lower the minimum deposit amount, the more likely new players will join and have a wager, especially those with a small budget.
More Bets Available
The variety of wagers in 2023 is superb and if you take any soccer games from the top leagues around the world, you will find between 20 and 30 different markets, resulting in hundreds of potential wagers.
This has increased from 2013 and will continue to rise in the future as online gambling companies find new ways to bet on sports events. The overall number of bets has increased because online sportsbooks are featuring sports from lower leagues, such as college football and basketball games. For an online sportsbook to thrive in what is a highly competitive industry, they must offer a vast range of wagers 24/7, including lower leagues.
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