The global gaming industry is worth around 4.9 trillion USD and it’s expected to grow to 7.4 trillion USD by next year.
The majority of this revenue (3.9 trillion USD) is made up from sports betting, with casinos and poker games also contributing substantially. However, this figure is changing as more people are recognizing the potential of betting on politics, stocks and entertainment events.
The growth of the crypto market and the increasing popularity of virtual/online casinos has made betting cheaper and more available to the general public. Furthermore, the introduction of blockchain technology and the development of more modern payment methods have made it easier to process bets in real time.
What is Sports Betting?
Sports betting is the placing of an actual wager on the outcome of sporting events, such as golf, tennis, and rugby. Although it can be quite recreational, betting on sports is a much more methodical activity and it requires a certain level of knowledge to be profitable. Anyone can place a bet on a sporting event, it just takes knowledge of the odds and the ability to identify teams that play favourable games.
Sports betting is usually done privately, either through an online sportsbook or through a bookmaker. However, it is gaining in popularity as more and more people are looking for ways to enjoy their money while still enjoying sport.
Betting on sports has been around for a very long time and it continues to be a popular and profitable form of entertainment. However, it’s not solely about sports. You can also bet on virtually anything related to sport (think fixtures, quarter-finals, etc.).
What is Politics Betting?
While we’re always hearing about Brexit and Trump, less people are talking about the impact that the 2019 Presidential Election will have on politics and world affairs. And that’s a real shame. This is because of the wide array of issues, both domestic and international, that are bound to arise during the course of the campaign.
The odds of a successful referendum on whether or not to withdraw from the EU are now favouring a \”No\” vote, which would be good for the UK and the rest of the EU. However, with a little over a month to go, it’s still very much anyone’s game.
Similarly, the odds of a successful campaign by Trump to become President have started to favour a \”Yes\” vote. However, just like with the Brexit referendum, it’s still very much up in the air and anything could happen.
What is Entertainment Betting?
The entertainment industry is a huge and profitable market, which provides a myriad of opportunities for sports bettors. Movie and music studios, TV networks, and stage producers all have events that they can use as a basis for wagering. The most popular events to bet on are movie premieres and award shows, since the odds of a particular movie or album being a blockbuster or a critical success is all but impossible to predict.
The success of a movie is largely determined by audience reaction at premiere events, which means that the odds of that movie becoming a blockbuster are very much in your favour. Before the movie even comes out, you can bet on whether or not it will be a financial success. This is something that can’t be said for most other types of entertainment, which leaves a lot of room for speculation.
How Does Bitcoin Fit In?
Along with Ethereum and Ripple, Bitcoin is one of the most popular and well-known cryptocurrencies and it is also one of the most efficient and secure. This is mainly due to its blockchain technology, which is what underpins the entire crypto market and allows for quick and easy payments to be made. In terms of popularity, the site coinmarketcap.com reports that there are currently around 17.5 million active users on the Bitcoin Cash (BCH) network, which is more than double the number that use Ethereum (ETH) and around 8 million use Ripple (XRP).
While it might not be used as frequently as some of its competitors, Bitcoin is still very much the dominant cryptocurrency in the market. Whether that’s due to its perceived security, its active user base, or its efficient blockchain, is anyone’s guess.
More Than Just Financial Inclusions
With any new form of entertainment comes the possibility of unscrupulous individuals taking advantage of the situation. This is why it’s extremely important to do your research before putting your money in any way associated with online gambling. Ensure that you’re not falling victim to these scammers and that you’re playing a fair game. There are various legitimate online gambling companies out there, which are regulated by governments, courts, and oversight authorities to ensure that fair play and security are guaranteed for all participants. You can also play in a safer and more secure environment through Bitcoin casino sites, which often offer a heightened level of personal assurance and security as well as various other convenient features, such as remote ID verification and encrypted casino transactions.
The Importance of Learning From History
The world of sports and entertainment betting is an ever-changing one, which is why it’s important to keep pace with the times and stay abreast of all the latest trends and developments. This will help ensure that you put yourself in the best possible position to succeed as a player and to make the most out of all the opportunities that this fast-paced and exciting world has to offer.