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Published on June 9th, 2017 | by Guest

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The Growth Of Online Betting

Each year, online betting, in particular online sports betting, is becoming more and more popular. Since its birth in the 1990s, online betting has grown substantially. So, how did online betting get where it is today? There is an entire story to be told but we’ll focus on the main events related to online betting that occurred over the years or since online betting’s birth.

The first ever online bet was a wager on a match involving English football/soccer clubs Tottenham Hotspur and Hereford United. The bet was placed by a Finnish man living in the United Kingdom. Talking about United Kingdom, the first ever online betting facility was based in the U.K. The facility was established in 1998. In the same year, online betting revenues in the USA exceeded $800 million. Considering this, it is fair to say that online betting was an instant hit. Soon after establishing itself in the U.K and the United States, online betting entered new territories including Australia. As expected, Australians immediately warmed up to online betting. Today, there are many Australian based online betting sites including bluebet.

Coming back to the topic at hand, the online betting market has almost trebled since 2005. In 2009, more than $50 billion was wagered on online sports betting. Today, the online betting market is growing by 5% each year. This growth is largely due to the ability to place bet using Smartphones. Today, most online betting sites allow bettors to bet or place a wager using their Smartphones. Moreover, some online betting facilities offer betting apps. Today, almost a million people use betting apps to perform online betting.

Talking about online betting, the most popular and fastest growing form of online betting is online sports betting. Between 2009 and 2013, the online sports betting market grew more than 75%. Today, it is worth billions. Smartphones and betting apps have already helped the online betting industry to grow considerably and soon wearable tech would be introduced for online betting purposes. This will surely help online betting to garner a lot of attention and grow to unimaginable levels.

In addition to the wearable tech, future online betting may involve a geoloacalized service. This means that online betting sites might use the location of the bettor to offer him/her a more streamlined, personalized online betting service. Today, performing and winning at online betting is easier than ever before.  There are so many online betting forums where people interact and share betting tips. More online betting forums are expected to emerge in the next few years so things are bound to get easier for online bettors in the future.

Since its birth in the 1990s, online betting has grown considerably and this growth is expected to continue for the next few years at least. Considering what’s been said above, you should try your hand at online betting if you’re interested in doubling your wealth and becoming rich.

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