Online Sportsbetting
Posted on 10th Aug, 2009
It’s fair to say that for as long as there have been sporting events, there have been plenty of people eager to bet on them. During colonial times, for example, settlers were known to bet on cockfights and bare-knuckle pugilism.
In the post-Civil War era, horseracing was the event of choice, followed shortly thereafter by baseball. And in the technology-laden 21st century, sportsbetting has grown to include everything from traditional sports like football and basketball to politics, popular television, and even the exploration of space.
There’s little doubt that the Internet has revolutionized the sportsbetting industry. What was once a restrictive pastime available though limited outlets has evolved to a point where a gambler can place a wager 24-hours a day on an event halfway around the world in a matter of minutes. Such convenience has resulted in a dramatic surge in sportsbetting popularity as evidenced by the unprecedented growth in the online sportsbetting
industry which is estimated to bring in over $60 billion/year worldwide.
In this article, we’ll investigate the growing phenomenon of online sportsbetting and examine what it takes to succeed as an online player.
Let’s begin with a brief look at the differences between traditional and online sportsbooks.