There is simply no denying that sports betting is at an all-time high, despite the fact that the COVID-19 virus has most major sports out of commission. Luckily, there are a number of sports like NASCAR and football that are starting to come back on TV, but they are still not allowing live audiences. That aside, this was not really any aspect that hurt the industry. Sure, it stopped them from maximizing their true earning potentials, but you have to consider the fact that sports betting is literally a billion-dollar industry. A couple of months on the sidelines isn’t going to hurt their overall take that badly. Now that they are appearing back on TV it is only likely going to make them more popular than they were before, which means betting on them will be even more popular. Why is sports betting such a big industry?
More Convenient
Well, this one probably doesn’t come as a surprise or shocker. Betting on sports online is simply safer and more convenient. Heck, it is the only way to bet right now. With audiences not allowed in the arenas, you couldn’t place a bet at the gates in you wanted. Even if you could more and more people would still be doing so online. And, this is because more people actually watch these events than attend them. You combine this with the fact that sports betting isn’t legal everywhere and some people online have access to the activity through online sources. When betting online, you literally have access to thousands of trusted bookies.
The Sports Are Better Regulated
Have you ever noticed that when you are dealing with shady bookies or online casinos that they don’t care about the amount of money that you are spending? They’ll let you spend your entire roll if you wanted. This is not to say that online providers wouldn’t do the same thing, but there is no denying that the online industry is just better regulated. And, this is because it currently faces stiffer regulations. There is a lot of concern right now about gambling addiction and the industry is being watched closely because online gambling is getting a lot of blame for the increasing addition. Whether you are betting with a bitcoin casino or another popular provider, you’ll likely notice that there will be a limit as to the types of bets that you can make.
Harder To Chase Sports Losing Streaks
There is nothing more detrimental to your sports betting roll than chasing a losing streak. And, this is because it seems like once you get in a whole, you simply can’t get back out. Well, you’ll notice when you are betting with quality online providers like the one mentioned above, they provide you with what is known as a line of credit. This line of credit is somewhat like a credit card that you can’t overspend with. Once you hit your limit, that’s it. The providers online also you to spend a certain amount of money and once that money is spent, you’ll have to wait a certain number of days before you can open another line. This makes it much harder to chase those losing streaks, thus preventing you from losing your entire roll in one sitting.
The Sports Market Is Huge
Another reason that sports betting is so popular is because it is popular. That might not sound like it makes a lot of sense but just think about it. People love what’s in. People want to be a part of what’s hot. And, sports betting is one of the hottest things right now. Due to the simple fact that the practice has become so well-known and widespread more and more people want to get in on the action. And, that is exactly what they are doing.
