For millions of people, sports betting is a very enjoyable pastime. One of the big reasons for this and one of the reasons why many new people also join in the fun is because of the service on offer.
This has never been as good if you look around you will see a large number of bookmakers available to use and each one has a vast service you can take advantage of.
There is also great diversity within the industry, another factor that is helping. From betting on hugely popular sports such as football, horse racing and the golf PGA Tour to smaller ones like darts, cycling and ice hockey.
Then we have the diversity of the betting markets, the biggest events have hundreds of different ways in which you can bet.
The saying goes there is something for everyone, and that is certainly the case with the betting industry.
Options for Placing Bets
There is a great platform out there for anyone who wishes to place bets away from home and this is all thanks to mobile betting.
You can use your mobile to place a bet, which means if you are out enjoying travelling in style, you don’t have to miss out on any betting opportunities.
This has opened up the industry in two different ways. First, new players who couldn’t or didn’t want to bet in the old way can now do so on their phone. Many people are accustomed to performing multiple tasks on their phones, betting is now another.
The second way is that those who already did bet can now bet more if they want to, as they have easier access and won’t miss anything.
Bookmaker vs Betting Exchange
One decision that some players have to make is whether to use a bookmaker or a betting exchange for their sports bets.
Ever wondered how a betting exchange works? This is a platform, rather than a bookmaker, so we have people acting as the bookmaker, so you can either place bets yourself or accept them from others on an exchange.
It certainly offers a different type of betting, though is probably better for those who are experienced.
To accept bets you need the funds to pay out if it wins if the bet wins you pay out the winner, while if it loses you will receive their stake money, just as bookmakers receive money on losing bets.
If you are new, a bookmaker is recommended until you find your feet, but experienced punters can move onto the exchanges if they wish, enabling them to back and lay selections.
What Does the Future Hold?
We have seen a big change in the way people bet over the past decade, all thanks to the arrival of in-play betting.
You can place bets on basketball during play for example, which has given current gamblers a new way to bet, rather than betting before the game begins while also offering new fans another option.
In terms of how we bet, mobile betting has come along and changed the industry. Now people don’t need to visit their local bookmaker or be tied to betting at home using their computer. If you want a bet, thanks to mobile betting, you can place one from anywhere.
So what else is on the horizon?
The boring answer is probably very little. We have seen a huge boom in the betting industry, now it is all about small tweaks to improve the service further.
Look out for voice-activated software playing a part, enhanced live streaming options and other smaller fixes like these to make this industry even better for those who take part.