Online gambling is going through a period of renaissance right now. Punters and gambling enthusiasts, both young and old, are changing their gambling habits and are migrating from their land basedThere are occasions when we here at ReadyBetGo want to bring you interesting facts about the gambling industry When something catches our eye, we will publish it for your enjoyment.
casinos and betting shops to the online ones.
Betting Sports Online have particularly sky rocketed in recent years as more and more punters are placing their wagers with online sportsbooks instead of their local bookies. This might be bad for the small business owner, but betting enthusiasts couldn't care less.
Sports Wagering Online is right now into a realm of its own and it is estimated that tens of billions of dollars are wagered on sports at online sportsbooks every year.
There are several reasons as to why this migration to online based betting establishments is happening and in this article we are going to list the most important ones.
Ask an average punter what he uses as criteria when choosing a bookmaker and he will instantly respond with 'odds'. This is because different betting operators offer different odds for the same sporting events, thus creating a market where the punter can choose where to wager.
Contrary to what many people believe, odds can vary wildly between betting providers and the experienced betting enthusiast will always look for the highest ones. Usually, online sportsbooks offer their players much better odds when compared to their land based counter parts.
The reason behind this difference in odds is that there are different house edges, also known as vigorish, used by different betting providers. Land based bookmakers often have bigger house edges as they want to ensure that their profit is as big as possible.
On the other hand, online sportsbooks have a lot of traffic on their sites and always boast north of thousands of customers a day. This means that they can keep their house edges lower, their odds higher, and still make more profit than their land based cousins.
Bonuses and Promotions
One of the biggest advantages that online sports betting providers have over the offline ones is the fact that they have a direct link with every customer through the account he possesses, which means that they can offer him numerous promotions and bonuses.
These can range from very lucrative welcome bonuses, to free bets and cash back options. For example, most online sportsbooks these days have a welcome bonus which doubles your initial deposit up to a certain amount of money (usually in the range of $100 - $500), which you will agree is quite enticing.
Betting from Home
Being able to place bets and wagers from the comfort of your armchair at home is a huge plus for most punters. In addition, they also have the chance to bet on matches in an instant, meaning that they don't miss out on any action.
This is a really important factor, as there are close to a thousand sports events almost every day and it is next to impossible to be able to bet on them if you are constantly going to your local bookmaker.
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