Just one short decade ago, it was virtually impossible to engage in legal sports betting if you live in the United States or in Canada. Both countries prohibit betting on almost all organized sports, in any form at all. The exceptions have always been parimutuel betting, which is only applied to two or three different sports (among them dog and horse racing).
Outside of those sports, the only legal bets one could place on sports in North America had to be made in the state of Nevada. For whatever reason, sports betting seemed like a reasonable thing to do deep in the desert, but nowhere else.
The coming of age of the Internet has changed the face of sports betting forever. First of all, it has opened up whole new opportunities for those interested in making legal wagers on their favourite teams or events. No longer does a person have to wait to make a trip to Las Vegas in order to place a bet on the Final Four during March Madness. Instead, those bets can be placed with a Vegas bookmaker online, from the comfort of one’s own home.
And Vegas is not the only town in on the online sports betting action. All over the world, major bookmakers have opened online sites for those wishing to place a wager. This means that you can place a bet on virtually any sport in the world, from American football to lacrosse, in any league you want be it amateur or professional.
Of course, the governments of some nations (America in particular) are concerned with the prevalence of online sports gambling, so there are some sites which will not take bets from American customers. However, there are plenty that will, at least until the legality of the practice is determined by the governing bodies of the nation.
In the meantime, though, sports betting online means that there is more money floating around than ever before, all thanks to ease of access.
Aside from the many options offered by the number of bookies online alone, those wishing to engage in football betting, basketball betting, or placing bets on any other type of sport can also take advantage of alternate betting opportunities. Traditionally, sports bets have had to be made through a bookmaker. This business sets the odds and takes a cut of the action as well. The rise of the online betting exchange, however, has meant that bettors can make or take their own odds, often increasing the value of their bets. There are also opportunities to bet against a team or individual in a sports betting exchange, rather than just on a team to win.
Finally, online access means that people betting on sports have more information at their fingertips which can help them decide which bets to make. Sports information lines have up to the minute records of teams, statistics, rosters, and odds which can all factor into the responsible gambler’s bet day decisions.
The growth of the Internet has revolutionized many different industries, and sports betting is certainly among them. More information and a lot more options are two of the main strengths of online sports betting.