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Online sports betting is fast becoming among 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, in the event the internet was just an infant, there was only 30 or so sites that allowed users to place bets on everything from blackjack to soccer. Even in its infancy then the gambling industry was raking in an enormous $17million from online revenue. Through the turn of the Millennium this had risen exponentially to in excess of $3billion through 2003 this had doubled to more than $6billion in only the united states.
Whenever you look at the yearly turnover of worldwide online betting it’s an absolutely astonishing amount of cash. In accordance with the gambling board of great online soccer Britain the worldwide turnover in 2001 for all gambling was Ł638billion with Ł21billion of this being wagered online. Online sports betting got a Ł9billion slice of this.
With huge quantities of money to be made, it’s no surprise that all the major bookers quickly flocked to the internet to get in on the action. And additionally the well known brands, specialist sites began to spring up everywhere. These sites had no real life presence and were designed purely to capture the growing range of punters looking to place there bets with a click of a mouse. Today there is approximately 50,000 sites all looking take your bets. It’s hardly surprising you will discover numerous sites as the internet Gambling Research and Markets Group predicts that by 2015, the turnover in the online betting world will reach at least $125billion.
Because of this, with the numbers rising ever higher it really is clear betting online becomes increasingly more popular everyday. For virtually all people, placing bets online makes their sport more exciting and they may even earn the odd bit of money with the proper technique. But it seems if you want to make the big bucks, you are going to have to become a bookmaker.
