The Wonderfully Lucrative World of Online Betting674574

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On-line sports betting is quick becoming 1 of the greatest industries online and it is not difficult to see why. Betting on-line is quick, easy and provides a lot more markets than conventional high street betting shops. Way back in 1996, when the internet was just a baby, there was only 30 or so sites that permitted users to place bets on anything from blackjack to soccer. Even in its infancy then the gambling business was raking in a huge $17million from on-line income. By the turn of the Millennium this had risen exponentially to more than $3billion and by 2003 this had doubled to more than $6billion in just the US.

When you appear at the annual turnover of worldwide on-line betting it is an completely astonishing amount of cash. According to the gambling board of Fantastic Britain the worldwide turnover in 2001 for all gambling was £638billion with £21billion of this becoming wagered on-line. On-line sports betting got a £9billion slice of this.

With huge amounts of money to be produced, it is no wonder that all the significant bookers rapidly flocked to the internet to get in on the action. As well as the well recognized brands, specialist sites started to spring up everywhere. These websites had no real world presence and had been developed purely to capture the growing number of punters searching to location there bets with a click of a mouse. Today there is well over 50,000 websites all searching take your bets. It is hardly surprising there are so many sites as the On-line Gambling Study and Markets Group predicts that by 2015, the turnover in the online betting world will reach at least $125billion.

So, with the numbers increasing ever greater it is clear betting online becomes much more and more popular everyday. For the majority of individuals, placing bets online tends to make their sport more exciting and they might even earn the odd bit of cash with the right method. But it seems if you want to make the big bucks, you are going to have to turn out to be a bookmaker.