The online sports betting industry has grown significantly in the past two decades. What started out as a small supplement to the wider gambling and betting industry has become a multi-billion-dollar business in its own right. There are a ton of reasons for online sports betting’s success. However, the most notable reason would be the simplicity and ease-of-access that these websites are known for.
Convenience is also a big part of the success of online sportsbooks. It is certainly a lot more convenient to turn on your PC and place a wager, than it is to travel all the way to a land-based betting shop. That being said, sports betting websites still need to offer certain things that make gambling easier, better, and more enjoyable than land-based bookies. So, in this article, we are going to explore the things that any good bookie should offer.
One of the main reasons for online gambling and sports betting’s success has to do with the welcome bonuses they offer. As you might have gathered, a welcome bonus is an award a new bettor/gambler might receive when they first join a website.
Welcome bonuses vary. However, most come in the form of a match deposit bonus or a free bet bonus. For the uninitiated, a match deposit bonus means that the sportsbook compensates your initial deposit. Usually, there is a limit on how much a sportsbook will return, so make sure you thoroughly examine the terms and conditions of the welcome bonus before you choose the website.
A free bet bonus is exactly what it sounds like. The new player may be eligible to win a certain number of free bets, each with a certain value limit. Through these free bets, bettors can make extra wagers without having to risk their own cash. Of course, they are still eligible to win some extra cash.
Welcome bonuses, at this point, have become an industry standard. Meaning, players and bettors should expect a welcome bonus from any website. If the site does not offer a sign-up reward, it is best to be avoided.
While welcome bonuses are the most popular kinds of bonus offers, they are not the only ones. Existing players need some incentive to stay on the website as well. And this is where loyalty bonuses come in. As the name suggests, a loyalty bonus is an award issued to people who’ve remained “loyal” to the website for a certain period of time.
Usually, bettors receive loyalty bonuses every year. However, some websites also offer them every six months, or even each month. Like welcome bonuses, popular loyalty bonuses also include free bets. So, if you want a high-quality betting experience, make sure that the bookie you’ve signed up with offers frequent and worthwhile loyalty bonuses.
In 2023, streaming has become one of the most popular forms of entertainment. Whether it be livestreaming, show streaming, film streaming, or even sports streaming, the phenomenon is, indeed, a huge success. And online betting shops are all hopping aboard the bandwagon.
Live betting is now a staple of any quality betting website. For those who may not be aware, live betting refers to placing bets while the game is still going on. To make the experience easier, some betting shops will actually stream the game live, allowing their users to make more informed decisions.
Even if the website doesn’t offer a livestream option, it still might let users place live bets. As we said, live betting is now a staple, so if a bookie does not allow you to place bets live, it is best to avoid said bookie.
One of the most important aspects of online sports betting are the deposit and withdrawal methods. In the 90s, when online sports betting first became popular, the only option bettors had was to make deposit with credit cards or debit cards. However, that is no longer the case. A good bookie should offer multiple options for sports betting. So, let us explore some of the most popular and most sought-after transaction methods in online sports betting today.
- Credit and Debit Cards
Whether it be because most people are used to it, or because they offer incredible safety and security, credit and debit cards still remain the most popular option for sports betting online. Most websites, however, will not accept any credit card. Usually, you can only gamble using MasterCard or VISA. USA-based casinos and bookies also accept American Express.
Digital wallets are also an incredibly popular deposit method among gamblers. Though many bettors might prefer them, e-wallets are still not as popular as credit and debit cards. The reason for this is because many online sportsbooks don’t accept e-wallet deposits. However, the ones that do usually get quite a bit of traction. Popular e-wallets among bettors include Neteller, Skril, and more.
Since 2009, cryptocurrency has been steadily growing in popularity. Nowadays, many of the most popular cryptocurrencies have become viable deposit options at numerous international businesses. El Salvador even made Bitcoin legal tender. So, it is unsurprising that crypto has also become quite a popular payment method at many sportsbooks.
It is worth noting, not all sportsbooks accept crypto-based deposits. And even the ones that do don’t accept just any cryptocurrency. So, if you are interested, the following is a list of the most popular cryptocurrencies when it comes to sports betting:
Sports are an integral part of human society. And in the 21st century, the popularity of sports has grown to an unprecedented level. As the popularity of sports increases, so too does the popularity of sports betting.
So, we hope that this article has helped you to better understand the online sports betting industry. There are so many bookies to choose from, that it might be overwhelming. So, if you go out searching for the best bookie, take heed of some of the prerequisites we’ve discussed. You won’t regret it.