Over the years, the industry of sports betting has changed tremendously. In the past 50 years, the sports betting industry has increased manifold. Earlier, the industry was restricted to only horse racing. Now, apart from horse racing, there are numerous other sports that you can bet on. The market of sports betting has become very competitive and more and more people are getting attracted to it.
The development and growth of the sports betting and industry and how it has thrived over the years is quite magnificent. You will get to know about the many ways these online gaming websites take advantage of punters’ money. This article will help you understand how to play effectively and not lose out on account of silly flaws.
Here is a little history about the sports gaming industry
1800s to 1900s
Around the 1800s, bookmakers all around the UK started taking bets on horse racing. By the end of the 1800s and the beginning of 1900s, hundreds of sports books came into existence. The retail outlets were opened in 1961 and legalised in the same year. By the end of the year, there were more than 15,000 such retail outlet shops that were opened and people could go to them and bet. Today, William Hill is the leader when it comes to retail betting shops.
20th Century Onwards
With the advent of the 20th century, one of the most important developments has been the emergence of the Internet. It is not limited to first-world countries, but throughout the globe. Now all the betting companies have an online website as well where people from all around the globe sign up and bet. Though there is a ban on the advertising of gambling, this hasn’t stopped the big market leaders to get people to bet online. Though In-Play betting wasn’t very feasible because it needed high speed Internet, but online casinos and sports betting was a huge hit.
The UK Gambling Act 2005
The UK Gambling Act of 2005 lifted the ban on advertising for gambling websites. This was a move that the leading companies took complete advantage of. The players on the website increased tremendously. Several non-gamblers also started betting. Companies started advertising through several channels such as the media, television and the Internet. They also enticed customers through special deals and bonus offers. With Internet speed also picking up, customers started gambling whenever they got the time.
Sports Betting Today
Today there are thousands of online betting websites. These websites offer a bonus for all the members who sign up for the first time. They also have regular schemes and promotions throughout the year. These schemes are primarily for the customers to win more money and play in the same casino. Some casinos also offer no-lose bets and money-back bets that help customers in the long run.
While there are many options that you can choose from, you should opt for the most reliable bookmaker. Choose the one that is famous and popular. Take advice of experts and read the rules, and terms and conditions carefully.