Advancement of technology has brought in a lot of changes in the past decade. One of the major breakthroughs of technology has been the ability to bring different kinds of experiences online. From online shopping to ordering food, booking flight or train tickets or finding means of entertainment online, there is a lot that technology has altered in the way we lead our lives today.
One of such industries within the online market has been growing fast and rapidly and it is none other than the online gambling industry.
Gambling doesn’t only mean the online casinos, but it also includes the bettings that happen on some of the significant events that affect a decent number of masses. The online gambling market is on a boom and its growth is on an all time rise. The projections of the market say the industry volume is around $59.79 USD but the actual market is definitely bigger than this. And it’s not been a very long time since all this started. The first online casino came into existence in the year 1994 and its only seen an upward journey since then. Online gambling has been a huge hit amongst the people and there are various reasons for the same. The primary being that there is no dearth of options, then the online gambling allows you to play from the comfort of your home or whatever places you choose. It’s like carrying an online casino right in your pocket. You don’t have the pressure of dressing up and visiting a casino and you are at the liberty of choosing the people you want to play with.
Though people might have been reluctant of putting in their money on online gambling, soon they found that even the online industry is reliable. The statistics slowly proved that chances of winning were fair and from there on, more companies joined the race and also the user base kept on rising. But like mentioned earlier, online gambling isn’t only about online poker, or blackjacks, its roots are really diversified. Let us take a look at some common types of online gambling structures
Novelty Betting
Although the idea of gambling or betting often takes us to casinos or sports betting market, there is more to it when it comes to novelty betting. Think of it as betting on any major event that is about to happen. It could the winner of The Voice or of the presidential elections, users bet on such significant events all the time and it makes for a very big category within the betting game.
Sports Betting
Sports betting is one of the biggest industry today and as the name suggests, betting on the outcomes of different sports forms the base of this betting. Cricket matches, horse races, wrestling, and football are some of the major sports that serve as betting grounds for many.
In-Play Betting
This type of betting takes play during the course of an ongoing event. It takes places from the start of the event to its conclusion. You could take the example of a cricket match, right from who will win the toss to how many runs an over to the final outcome of the match, it gives loads of opportunities and avenues for gamblers to try their luck.
It’s really interesting to discover how in various fields the online marketing is affecting and changing lives all around.
