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Sports betting has come a long way since the neighborhood bookie at your local pub or bar. Though sports betting in some form has been around for hundreds of years, regulation didn’t come about until the Second World War, after the United Kingdom and then US State of Nevada began to regulate the industry over the next several decades.
The proliferation of the internet in the early 1990s helped paved the way for a new wave of businesses and what became known as e-commerce. In the years leading up to the turn of the century, online gambling sites began to pop up across the web. These included online poker rooms, casinos and of course, online sportsbooks.
Fast forward to today, and the online gambling industry worldwide is worth $30 billion or more per year as of 2014. Online sports betting markets are a large part of that, and the industry as a whole has grown in each successive year.
In today’s world, real money gambling on online markets have vastly superior prices and betting options compared to unregulated offline markets. Even regulated offline markets, such as Las Vegas sportsbooks do not have anywhere near the number of markets as some of the world’s largest online bookmakers.
While offline or brick n’ mortar sportsbooks have an influence on line movement and odds, the internet’s largest sportsbooks and online betting markets have a much larger affect on the line. The most prominent and trusted online bookmakers have become the pulse of the betting world.
Bettors can line shop for the best price, receive bonuses and have access to a much larger amount of markets when betting online. As more and more countries begin to move forward with legalization and regulation, online sports betting will continue to flourish and expand.
Sporting Events to Bet On
Online bookmakers have adapted well to the advancement in technology, and nearly everyone these days has a smart mobile device. In addition, many may also have tablets or other mobile devices.
In recent years, mobile betting has increased rapidly with online gambling sites having produced a number of applications available for download and no-download mobile pages. Bettors have the ability to bet on the go regardless of their device..
The number of bettors who place wagers is expected to rise tremendously in the next few years as more states begin to liberalize their gambling markets. Mobile betting markets are already an excellent option today, as nearly every bookmaker online offers a mobile version of their sportsbook in some form.
How to Win Betting Sports – As we discussed above, betting online offers unique advantages over traditional brick n’ mortar sportsbooks or local bookies. Winning at sports betting is surely difficult, but chances can be improved if bettors follow some basic rules along with working hard on their handicapping craft. Sports betting is just like any other job, it takes hard work to become successful.
This seems obvious to many who bet sports but too many bettors take a lax approach when line shopping. Since there are hundreds of online sportsbooks, there are many different options for players to choose from. Even the most obscure markets are available at more than one site, which means you should always be looking around for the best odds before placing a bet.
Having an account funded at several top sportsbooks is a must for anyone who is serious about making money betting sports. Why would you bet a game at +3, (-120) when you could bet it at another book for +3(-110). Many online bookmakers offer reduced juice (-105 baseline pricing) for many markets; saving bettors a ton of vigorish.
In a lot of ways, getting the best odds on each of your wagers is half the battle when it comes to betting sports. This isn’t just in terms of straight bets, if you are betting a lot of parlays, teasers, or accumulators, make sure you’re betting with the best prices around.
In the long run, finding the best odds on each bet can save bettors thousands in just one season of betting. It is the most crucial thing they can do to get a leg up on the sportsbooks.
This is especially important to newer bettors who are trying to build a bankroll. Almost every online sportsbook offers players an initial bonus on their first deposit. These can vary wildly from just $100 all the way up to several thousand dollars.
These come with a rollover, and they are usually in the form of free-play wagers. The rollover is the amount of times you must wager through the bonus amount before you can withdraw. For instance, if you receive a $1,000 deposit bonus with a 4x rollover, you would be required to wager $4,000 before you can request a withdrawal.
With every online sportsbook offering some kind of bonus to new players, these bonuses are a great way to beef up your bankroll while trying out some of the world’s best bookmakers. The offers don’t stop there either, many also offer regular reload bonuses, money-back or cash-back promotions and other incentives for players.
Choosing an online sportsbook can be done in a matter of seconds, but that is not what we would suggest. The vast majority of online sportsbooks are reputable but like every industry, there are bad apples. Just choosing to Google your sportsbook’s name before depositing can save you plenty of headaches.
Many watchdog or review sites, even those that say they have the bettor’s best interest at heart, mislead them into depositing at shady operators or “scam books.” Your best bet is to use a variety of sources to determine a sportsbook’s reliability. Usually, the longer said sportsbook has been around, the more reputable it is.
Of course, we put the player’s best interest first when it comes to the sportsbooks we review and promote on this page. We won’t lead players astray and pride ourselves on our top notch reviews and online sports betting content.
Funding online gambling accounts has become an industry in itself since the advent of internet wagering. Today, there are more ways than ever to deposit and withdraw into betting sites. Depending on your location, along with state and local laws, your options may vary.
The most popular option these days for depositing are electronic wallets (e-wallets). Neteller and Skrill (Moneybookers) are the clear choices in this arena, however they cannot be used by US based customers. They are highly trusted and have both been around over a decade. Well known payment processor, PayPal is also available in certain countries.
All of these options can be used quickly for withdrawals. Funds will reach players’ bank accounts within a few days using these methods, and there is almost always no fee for depositing and withdrawing via e-wallet.
Credit or debit cards are popular in both unregulated and regulated jurisdictions, and they are the fastest way for those who cannot fund e-wallets to deposit; such as those in the United States. Unregulated markets offer challenges to players looking to fund their accounts, but there are still plenty of options.
Instead of being able to withdraw via e-wallet to their bank account, bettors in illegal or unregulated markets will have to use other methods. Players usually choose to cashout via check or bank wire. Person-to-person transfers have become popular in recent years as well, but they are more expensive than other methods.
The information above is just the tip of the iceberg when it comes to online sports betting. Whether you’re just betting for recreational purposes or looking to make money as a professional, our resources will help you succeed.