Online sports betting is fast becoming one of the biggest industries online and it is not hard to see why. Betting online is quick, easy and offers a lot more markets than traditional high street betting shops. Way back in 1996, when the internet was just a baby, there was ufabet only 30 or so sites that allowed users to place bets on anything from blackjack to soccer. Even in its infancy then the gambling industry was raking in a massive $17million from online revenue. By the turn of the Millennium this had risen exponentially to over $3billion and by 2003 this had doubled to more than $6billion in just the us.
When you look at the annual turnover of worldwide online betting it is an absolutely astonishing amount of money. According to the gambling board of Great britain the worldwide turnover in 2001 for all gambling was £638billion with £21billion of this being wagered online. Online sports betting got a £9billion slice of this.
With huge amounts of money to be made, it is no wonder that all the major bookers quickly flocked to the internet to get in on the action. As well as the well known brands, specialist sites began to spring up everywhere. These sites had no real world presence and were designed purely to capture the growing number of punters looking to place there bets with a click of a mouse. Today there is well over 50, 000 sites all looking take your bets. It is hardly surprising there are so many sites as the Online Gambling Research and Markets Group predicts that by 2015, the turnover in the online betting world will reach at least $125billion.
So, with the numbers rising ever higher it is clear betting online becomes more and more popular everyday. For the majority of people, placing bets online makes their sport more exciting and they may even earn the odd bit of cash with the right technique. But it seems if you want to make the big bucks, you are going to have to become a bookmakeIs the fact that you can place a bet online a good thing or a bad thing? One click of a mouse, while sitting in your own comfortable chair in your own home, can place a full week’s wage on a bet. Many people think this ease of use in gambling is harmful and allows addictive personalities to gamble away their living expenses. So, are they right? Is online gambling a bad thing?
However, there is no evidence to support the belief that online gambling affects the betting habits of anyone at all. Addictive gamblers will merely find another way to place their desired bets and will continue to use the traditional bookmakers found in high streets and towns across the USA, Australia and the UK. Cricket is an enormous sport and the bookmakers are starting to notice. The amount of matches that are played each year are growing and so are the popularity and fan base of the sport. This in turn makes the market for online cricket betting bigger and bigger, and this is great for us who likes to bet on cricket online.
For some time, the major sportsbooks online only carried the most well known sports worldwide, like soccer, basketball and the major american sports like the NFL, MLB, NHL and NBA. However, as the sports betting market started to widen, the amount of sports options offered to the customers started to increase, and soon more exotic sports were introduced and lines were offered on sports like water polo, online gaming, chess and cricket. Most of these sports have shallow markets or have been taken back, but cricket has started to garner a strong foothold and has shown an increase in betting options and depth.
One can easily see that the market for cricket online betting has increased given that the limits the bookmakers offer have increased by a large amount. In addition does more and more smaller sportsbooks offer bets on matches from the Ashes, Twenty20 and so on. It is also noticeable by the fact that the amount of different betting options that have come available for the sport. Now you not only can bet on the individual matches, but also series wins, scores for individual players, bowling figures and many other so-called proposition bets that are too many to list.
If you want to enhance your cricket experience, what better way than to put some money up on a big match to get some excitement in your day. There is also the chance that you can make some money in the process as the cricket market are also quite young and if you have a way of analyzing the matches better than the bookmaker, you might be able to find many good bets. There are many reasons to be betting on cricket online.