Sportsbooks Will Not Only Survive, They Will Thrive
the U.S. Supreme Court lifted the ban on sports betting in May, the question I
have been asked the most is: “What are online offshore sportsbooks going to do
now? Are they going to have to fold? My answer is simple, online sportsbooks
are not only going to survive, they are going to thrive.
sportsbooks have been around since the mid 1990’s, and have grown exponentially
along with the Internet in the past 20 years. Experts have estimated that 500
billion dollars will be spent online in 2018. Although it would be hard to get
an exact figure, reports predict some $400 billion is spent per year gambling
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Three Big Mistakes When Picking a Sportsbook
sports betting industry is huge, as it combines two of the longest standing
hobbies known to man, watching sports and gambling. The reasons why online
sportsbooks will thrive are plentiful, but here are a few of the most
important, some of which you may or may not have thought about.
Sportsbooks Spend Money Where it Counts
it is such a lucrative business, online sportsbooks spend money to be sure they
know what they need to do in order to be successful. Software reliability is of
utmost importance, with studies showing players leave a sportsbook most
frequently because at one point the site was down and they couldn’t place a bet
when they wanted to.
want to bet at a sportsbook that takes pride in their gaming software,
employing a large team of highly trained IT personnel. My book even has backup
websites that are on different servers in case there is a problem, which are
few and far between.
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have spoken to the owner of the online sportsbook I use, and we’ve talked about
his philosophy towards his IT approach. His team is not only upgrading software
24/7, but he has a separate team that is constantly developing.
There, Done That
I told you sportsbooks started operating online in the mid-1990’s, it was 1996
to be exact. My book came online in 2005, that’s 14 years to work out the bugs.
In other words, they have been doing what they’re doing so long that they have
it figured out.
hasn’t been a scenario they haven’t dealt with. They’re like Farmer’s
Insurance, “they know a thing or two because they’ve seen a thing or two”.
Selfless plug alert: I’ve been working with a bookie with 20 years in the game
to create a TV show based on some stories. Stay tuned.
talked about reliability and knowing a thing or two, but let’s be real here,
90% of us don’t give a $hit about that. The convenience factor is where betting
with an online offshore sportsbook gets top marks. Topped with their betting options
and real time sharp lines, you cannot beat getting everything that is offered
to you by an online sportsbook, when you want it, how you want it.
modern mobile technology, you’re one tap from a betting world like you never
thought possible. The latest trend in sports betting is live betting, have you
tried it? You get real-time lines on up to 50 events in a given game, you’ll
even see some “yes or no” type bets. It’s killer.
heard that when sports betting becomes mainstream in the US, there will be
betting ticket windows at all professional stadiums. Guys have argued, “if
windows go in stadiums, offshore is done”; that’s ok, while you’re waiting in
line, I’ll be placing my bet on my phone.
safety goes along with a sportsbook being around for 10-20 years. This day and
age, no operation is getting away with shady activity, and will be called out
and scrutinized until they would eventually have to close shop.
and easy setup, lots of banking options, well trained customer service teams
and having the ability to move at your own pace is paramount in helping you
become a successful sports bettor. If you’re just starting out or you’ve been
betting since you turned 12, once you’ve signed up and funded your account, you
log in on your computer or favorite mobile device and figure it all out on your
time. There’s no one pushing you to bet, there’s no timetable for when you need
to place your first bet.
How to Bet On Sports
- Online Sportsbook Bonuses and Incentives
you remember earlier when I mentioned the U.S. Supreme Court lifted the ban on
sports betting? That’s the government, so we all know they’ll be getting a
chunk of the multi-billion dollar industry. Offshore sportsbooks are just that,
offshore, so sometimes getting account figures can be tricky business.
a good start on explaining why online offshore
will thrive. I didn’t even get into the lines, and how a half point here and 2
points there can make a huge difference to your bottom line. Throw in bonuses,
contests and access to a racebook and casinos, you’re probably shaking your
head, wondering why you aren’t betting with an online offshore sportsbook right