Advantages of Betting Online – By Jimmy Daytona for Gone App.
Online sports betting has witnessed tremendous growth in the last decade as one of the most prominent sectors of the global gambling industry. According to Custom Market Insights, the global online betting market was valued at $58.2 billion in 2021 and is projected to hit $145.6 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 12%.
The reason for the astounding growth is plausible. Thanks to the rise of online sportsbooks and increased internet penetration, people can now place wagers without location and time constraints. This and several other benefits over the traditional brick-and-mortar sportsbooks have opened betting up to a broader population.
Today, several online sports betting trends, like the college basketball betting trends, have become popular pastimes and offer a potential way to earn money from the comfort of home. However, several people are still confused about whether it is right for them, while others have valid concerns. That is why we at Gone App have invited BetZillion betting expert Jimmy Daytona to outline the significant benefits of online betting to help you decide on starting. This post will also address some common worries that people have. Let’s delve right into it!
Flexibility and Convenience
According to Jimmy, the primary reason people like to bet online is the sheer flexibility of it. With tons of online sportsbooks available in the market, you can place several sports bets within minutes from anywhere, anytime, as long as you have a mobile device and a good internet connection. It eliminates the time and effort required to transport yourself to and from a physical betting shop. Also, several offshore betting sites open their virtual doors to people from jurisdictions that don’t allow the operation of land-based bookmakers, saving them the need to travel long distances.
Additionally, several online sportsbooks have taken extra measures beyond websites to offer dedicated mobile applications to make betting on the go seamless. This level of convenience is a far cry from the days of having to travel to a physical betting shop, wait in line, and fill out paper betting slips. It makes placing wagers easy, even with a tight daily schedule.
Beyond saving time and effort, online betting also helps you save the costs of visiting a land-based sportsbook. That gas money will expand your bankroll, increasing your chances of success.
Availability
Even if you are fine visiting physical betting shops, availability remains another major trump card of online betting. For example, there is a big football match you really want to wager on on a Sunday, or you suddenly decide to bet on a late-night game. The probability that a physical sportsbook will be opened on these two occasions is slim.
On the other hand, online betting platforms are open 24/7. So you can take advantage of every opportunity whether you decide to place your wagers on a Sunday or at midnight. Naturally, this increases your chances of success.
Exciting Bonus and Promo Offers
With the sheer number of online sportsbooks and new ones springing up almost daily, the competition in the online sports betting market is high. Therefore, unlike their land-based counterparts, these online platforms offer various exciting bonuses and promo offers to attract more customers. Almost every review site ranking the top sportsbook apps use these offers as one of the essential factors.
Below are popular bonuses and promotions on online sportsbooks:
- Welcome bonuses
- Free bets
- Reload bonuses
- Cashback offers
- Loyalty programs
- VIP rewards
- Special event bonuses
The welcome bonus is the most lucrative offer on online sportsbooks, as it is one of the most effective ways to attract new customers. This offer is usually available after a bettor has successfully signed up with a bookmaker and can go from a 100% up to a 400% bonus deposit match on your initial deposit amount.
According to Jimmy, the primary benefit of these offers is that they expand bettors’ budgets. It allows them to place more wagers with lesser risks to their bankroll, significantly increasing their chances of success in the long term.
Variety
Betting online offers you a more extensive selection of sports to wager on compared to land-based sportsbooks. While physical betting shops generally cover mainstream sports like football and basketball, they are significantly lacking in specialized sports such as futsal and Gaelic. On the other hand, online sportsbooks cover almost every professional sport on the face of the earth. They also offer betting action on Esports, uncommon in physical betting shops.
Additionally, most physical betting outlets cover the most popular sports events and a few local ones peculiar to their location. The best online bookmakers cover almost every sports event worldwide, whether a second-division basketball league in Korea or a table tennis competition in Ukraine. This wide range of sports and events on online sportsbooks allows bettors to find the best opportunities to make money.
Furthermore, online sportsbooks offer a more comprehensive range of bet types than physical ones. Beyond popular options like the outright winner, 1X2, and over/under bets, online betting sites allow bettors to place specific prop bets, including the next goal scorer, the total number of corners, or the number of penalties. It increases their chances of placing winning wagers.
Better Odds and Lines
Odds are arguably the most critical element of sports betting. Apart from showcasing the possibility of an event, they determine the return you’ll get from a wager if it’s successful. Therefore, your goal in betting is to get the best odds possible for the highest potential payouts.
Online sportsbooks offer more competitive odds than physical ones. One of the reasons for this is that these online sites have lower overhead costs; thus, they can afford to offer better odds and lines. Additionally, they often have a more extensive customer base, meaning they can spread their risk across a broader pool of customers.
Another reason why online odds are better is that you can easily open accounts with more than one sportsbook and shop for the most competitive odds before placing any wager. According to Jimmy, while the odds discrepancies between sportsbooks may look minor, they can significantly impact your long-term profit margin.
Live Betting and Live Streaming
Unlike traditional betting shops, most online sportsbooks offer the live betting feature. Also known as in-play betting, live betting allows bettors to place bets on a sports event while it is in progress instead. With this feature, bettors can react to changes in the game, such as injuries and momentum swings, and adjust their bets accordingly. Today, live betting remains one of the most potent weapons in bettors’ arsenal, as it helps them make more informed decisions, significantly increasing their chances of winning their wagers.
Additionally, many online sportsbooks offer live streaming to complement their live betting feature. This feature allows bettors to watch a sporting event in real-time on the sportsbook’s website or mobile application. Apart from adding an extra layer of excitement to sports betting, this feature provides all the essential real-time updates on a game’s progress, helping you spot valuable opportunities to place live wagers.
Jimmy notes that the availability of these options varies between different betting sites. So you’ll want to confirm that your preferred sportsbook offers these services before signing up.
Safety
Safety is one of the significant concerns regarding online betting. After all, you trust an online sportsbook with your funds and sensitive personal information. You also want to be sure that the sportsbook will pay you your winnings anytime you make a withdrawal request. While these concerns are valid, online betting remains generally safe, even more than the traditional land-based system. You only need to be keen on your choice of a sportsbook.
First, the best online bookmakers are licensed and regulated by reputable authorities in the iGaming industry. For instance, every online sportsbook in the UK operates legally under the purview of the United Kingdom Gambling Commission (UKGC) to provide fair and transparent services to players. These sites are also reputable, with a track record of excellent services over several years of operation.
Additionally, all trustworthy betting sites value the safety of their customers and use industry-standard security measures such as SSL encryption certificates to protect users’ sensitive personal and financial information.
Conclusion
From convenience, anonymity, and safety to exciting bonus offers and other perks, online sports betting has numerous advantages over traditional land-based sportsbooks. These benefits make it a more exciting and profitable option for bettors to wager on their favorite sports.
Are you ready to start your online betting journey right away? Below are some tips from Jimmy that can increase your chances of winning:
- Learn the basics
- Focus on one or two sports
- Choose a reputable sportsbook
- Shop for the best odds
- Set realistic goals
- Set up and stick to a reasonable budget
- Maximize bonus and promo offers
- Avoid emotional betting
