Due to the huge interest and ardent following of the sport, many betting companies have shifted their focus to the beautiful game and football betting.
Football may not be an evolving sport and is still classic in many ways. However, the interest it has garnered across the world amongst sports fans is unbelievable.
This can be majorly attributed to the prestigious competitions that it has and the global reach of the sport. Football has gone from being solely focused on domestic leagues to competing in various African, European and several other worldwide competitions.
One of the most-watched club football events is the UEFA Champions League, which brings together the best clubs in Europe to play in an annual competition that goes through a round robin group stage format followed by two-legged knockouts.
The FIFA World Cup is undoubtedly the biggest event and at the pinnacle of football. The world’s best nations across each continent compete to qualify for the event. The biggest sporting event after the Summer Olympics, is held every four years. It is watched by fans all around the globe, raising the profile of football to levels that none can match.
Due to the huge interest in the game, many betting companies have aligned themselves closely with football in order to promote their football betting markets across the world.
The rapid transformation of football betting has to be credited to advancements in technology as well. Betting used to be lengthy and difficult as it required people to physically go to betting shops or casinos to place their bets.
However, the process has been made simpler with the advent of technology and the emergence of smartphones. Leading companies like SportyBet have developed responsive websites and/or mobile applications from which users can place their bets with ease and withdraw their winnings into their bank accounts. The ease in accessibility allows people to place bets on the go, from the comfort of their homes.
Fans have never had a better opportunity to make money basis their football knowledge and earn while enjoying the game they love.
Most fans bet on the team they support as it adds to the joy when their team wins as there is double joy of earning income as well. Betting companies have made it easy for bettors to follow their favourite teams and competitions, so they can track their bets in real time.
With so many companies competing in the sports betting market, there has been a lot of compromise been made by them in order to attract new customers.
Betting giants try to influence bettors with enhanced odds that users can leverage to place small bets to potentially win big money.
Companies also offer welcome and loyalty bonuses along with several different promotions to its registered users to ensure they keep using their platform rather than competition.
Another factor that has considerably contributed to the rapid rise in football betting would be the ease of regulations by governing authorities.
Betting companies make a lot of revenue, which is handed over to governments as tax. Therefore, many countries have welcomed football betting as it generates a lot of income for the economy. Another benefit for locals is that their winnings are tax free so it is only the betting company that bears the cost of taxes. This has been another contributor to the massive rise in popularity of football betting.