Beginner’s Guide To Sports Betting
Sports betting is the process of forecasting and predicting the results of sports. The amount of betting varies from culture to the frequency of sports with the majority of bets being placed on games like football, track cycling, cricket, boxing etc. Many people are not aware that betting is not just limited to athletic events but is also extended to non-athletic events like political party elections; winners of reality shows to name a few. From the time immemorial, sports betting has been the root of many scandals which raised questions on the integrity of sports. The events recorded so far are matched fixings, spot fixings, illegal gambling. After years of debate on whether sports betting is ethical or should be legalised, many countries, including Argentina, Australia, Mexico, South Africa, have legalised selective sports betting. Currently,the betting market is divided into three geographical zones- America, APAC, EMEA. In India, different rules are applicable in different states owing to the diverse legislature procedure concerned with each state.
Plethora Of Betting Options
Many people are unaware of the variety of sports betting options to choose from. Some of them are mentioned below-
- Money Line Bets
- Spread Betting
- Proposition Bets
- Head to Head
- Half bets
Each of the styles mentioned above is suited for a particular candidate depending on the strategy and objective of betting. There is no way to conclude, which is the best method as it is highly dependent on the kind of geography the activity is done.
Global betting market is expected to rise at 8.62% during 2017-2022. This overwhelming growth prospect can be attributed to ever increasing no. of users logging on an hourly basis. Majority of its audience lies in 16-28 years range due to the easy availability of online platforms for sports betting. Shortly, this industry will also be dominated by technology; Bitcoins, Artificial Intelligence is expected to compete with humans in this industry. Robots will make bets on behalf of humans, and their decisions will be a lot more analytical based on huge amounts of datasets & algorithms. Although in the present scenario sports betting is still illegal in the majority of countries, it is expected that shortly, large tech companies will emerge as a major bookmaker.