Online sports betting is a popular pastime for many people across the country. It’s sort of surprising to learn that sports gambling is only considered a niche market in the gambling industry – although it is growing at an impressive rate via fantasy leagues.
Many argue that online betting enables people who shouldn’t be enabled; they can do it privately and hide it easily. It comes as no shock that gambling addicts love the online world but what may shock you is that most gambling addicts aren’t participating in online sports betting.
It makes sense if you lay it out like this: gambling is addicting because of the instant gratification factor and you can’t get that with online sports betting. You may think this is untrue, but consider this: for those who participate in things such as fantasy football leagues, you need to wait an entire season to discover if you’ve won – no instant gratification there. For those who play the point spread on a particular night for a particular game? Well, you have to lay a bet with a bookie in most cases, which isn’t possible online (an illegal in many places, in general).
Online sports betting gets a bad reputation, mostly due every other form of gambling, but it’s a harmless hobby for a lot of people. In areas where all forms of gambling are legal, such as Las Vegas, Nevada, sports gambling can be a lot more intense. Gamblers can bet on a clutch of games all at once, play the spread, and get results the same day. This type of sports gambling is much different than the online sports betting referred to here.
The Fantasy Trade Sports Association estimates that between the US and Canada, there are over 32 million people who take part in fantasy sports teams. If online sports betting were legalized in blanket form across the United States, this niche market would explode. In the explosion you would see online sports betting sites popping up, almost overnight, creating some fierce competition and likely creating a lot of jobs in the process.
There would be a lot of IT work in this industry, not to mention customer service jobs, and space for mathematicians. Let’s not forget the amount of money the American government would stand to make. With the way they tax winnings, legalized online sports betting could be the cash cow they need to balance out all these budget crises.
Although it seems like a win-win, there are always drawbacks. There could be rise in gambling addictions, actual casinos could begin losing money – which could cost many people their jobs. It’s hard to say just how this particular cookie would crumble, however, there is a big difference between legalizing online sports betting nationwide, and legalizing all forms of online gambling nationwide. Sports betting could be argued as a game of skill, not chance and therefore, under a certain sticky law, it is completely reasonable to make it more accessible. Freedom and justice for all, right? Then let it ride.
Make online sports betting ( https://www.xspapp.com ) simple with Exotic Sports Pixx LLC. XSP has developed a Unique Analyzation Network (UGEAN) to determine the best possible outcome in a variety of sporting events. Receive Notifications when a PIXX is posted. For more information on sports betting, you may also visit Wikipedia.
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