Since when has it been possible to bet on the outcome of football matches or Formula 1 races online? It has been known for a long time that people place bets on sporting events. That's why, shortly after the advent of the Internet, this proposal was created here as well.
Origins of online sports betting
In 1996, six years after the Internet became commercially available, the first online sports betting service was launched. It was the Austrian company Intertops that accepted the first online sports betting this year. A year later, bookmaker Interwetten, which had previously established itself as a telephone betting provider, also entered the internet business. In 1998, traditional English bookmakers Ladbrokes (founded in 1886) and William Hill (founded in 1934) entered the online industry, Asian Bookmakers also offers their services relatively recently. Over the years, the range has grown at breakneck speed. The assortment also became more and more diverse, and there is no need to even talk about technical capabilities.
Availability of online sports betting
Until 2021, it was actually only allowed to bet on sports events in this country if you did so with the state provider ODDSET. There was a state monopoly on gambling. However, this was not in line with current EU law, so it was long overdue for the gambling law to be amended. Other bookmakers can now also apply for a German license and offer their betting options, completely legal and completely serious. You can get a good overview by comparing sports betting providers. By learning more information in Asian Bookies - Betting Guide, you will be able to develop your sports betting strategy and place successful bets.
All bookmakers are listed here because such portals on the Internet test various providers and set the appropriate ratings.
The Future of Online Gambling and Sports Betting
Sales are on the rise in the online sports betting industry. Technical possibilities are far from exhausted. There are many technical innovations for the future. In the foreseeable future, there will also be many new bookmakers in this area.
Blockchain technology and cryptocurrencies
Simply put, blockchain technology is a large database that starts with an initial block, to which new blocks of data are constantly added in chronological order. They are checked in advance and then confirmed. Thus, information from multiple participants can be transferred and shared in a tamper-proof manner. Copies excluded. The most famous are financial transactions such as cryptocurrencies. First of all, these transactions can be processed anonymously and very quickly and are therefore a payment alternative in the field of online sports betting or online casinos and poker. However, currencies are not always very stable, which can be seen in the current development of bitcoin, which has lost a lot of value.
Conclusion: The evolution of online sports betting is impressive!
From a small offering in 1996 to a billion-dollar industry, the evolution of online sports betting over the past 26 years is more than impressive. The end of the flagpole is not visible. On the one hand, the range of bookmakers is constantly expanding. New sports are being added to the portfolio, and betting options per sport are becoming more diverse. In addition, technical innovations such as virtual reality, blockchain, or gamification are opening additional opportunities and growth opportunities for the industry.