Having an account with an online sports betting service is something that many people do these days. If you’re thinking of putting money into the game, you might want to consider the risk that you’re taking.
Online sports betting is a growing industry
During the year, the Australian online sports betting market grew a whopping 60%. It reached more than one million average monthly players. The market has become very popular amongst the youth and is expected to continue growing in the coming years. The growth rate of the market is expected to be influenced by a number of factors.
The market has been segmented based on sport type, platform, and application. The growth of the sports betting market is expected to be driven by the growing number of sports leagues and sports events. The growth of the market is also expected to be influenced by the increasing digital infrastructure. Moreover, the sports betting market is expected to benefit from the surge in the purchasing power of the middle-income groups.
Sports bettors were mostly male. The typical monthly sports betting expenditure was around A$1,000. Moreover, most bettors were employed full time. They were aged between 18 and 49.
Online sports betting is regulated by the Australian Government under the Interactive Gambling Act of 2001. The Australian Communications and Media Authority (ACMA) oversees online sports wagering. It can inform local ISPs to block unlicensed sports betting websites.
The Interactive Gambling Act of 2001 made it illegal to offer online sports betting services to the Australian public without a license. However, there are no restrictions on wagering on games or events that have already started.
There is a risk of addiction
Among the millions of sports betting enthusiasts, one has to wonder just how many of them have a problem. In 2015, over half a million Australians wagered on sports, and that number is rising exponentially. For starters, most wagering operators cater to a relatively small number of professional and upwardly mobile men in their twenties and thirties. There is a real danger in allowing gambling to overtake a person’s life. Fortunately, there are steps you can take to mitigate this risk. The best place to start is with a healthy, balanced diet, plenty of exercise and plenty of sleep. There are also a number of charities and organizations, both large and small, dedicated to providing assistance to those in need. These include, but are not limited to, the Red Cross, the Salvation Army and various state and federal government departments. Moreover, there is a wealth of free information online, including a vast library of vetted, unbiased guides to healthy living, as well as a number of forums for like-minded individuals to discuss issues of concern. For instance, one could check out the online community at the National Gambling Help Center. There is also a website dedicated to finding a reputable treatment facility in your area. There is nothing more comforting than knowing you are not alone in your quest for health and wellness.
Esports betting is a new craze
eSports betting has been around for a while, but it has recently become a craze among video game enthusiasts. In fact, experts believe that esports betting could become as big as sports gambling. In fact, many well known sports betting brands now offer esports betting markets.
There are several types of esports betting, but the most popular is match betting. This type of betting allows you to predict which team will win a match or series.
The best part about this type of esports betting is that you can do it while you watch the game. In fact, some bookmakers even allow you to bet live in-play.
While this type of betting can be fun, it can also be dangerous. It is a very competitive environment, and players are always coming up with new strategies. For instance, a team may have won several games in a row, but it is possible that they are switching players.
Another popular type of esports betting is outright winner bets. In this type of esports betting, you pick the winning team before the event even begins. This is an especially risky bet if there are many teams with similar skill sets competing.
Another esports betting trick is to use handicaps to your advantage. This is particularly beneficial if you are betting on a game like DOTA or League of Legends. Handicapping your team’s strengths allows you to give them an advantage, which can lead to large winnings.