The History of UK Betting Sites
I am not going to bore you with the full story of UK Betting. I mean, betting in the United Kingdom can be traced back for centuries, with small advances being made each year since then.
Betting is very much part of British culture at this point. What I do want to do, however, is talk to you a little bit about the history of online betting. Not the full story. More the ‘key parts’ and a couple of predictions on the way in which betting is likely to go in the future.
The First Online Betting Site
The first online betting site was not British. Even today, it can’t accept British customers as it does not have any licence to operate in our country. However, what it done certainly spurred on the creation of betting sites within the United Kingdom.
Let us introduce you to Intertops, a betting site launched in 1996 and licensed by the Kahnawake Gambling Commission. It was the first site to take bets for sports online.
It quickly developed and within 2 years, there were well over 100 sites accepting sports bets around the world. This included major UK Bookmakers such as William Hill, Betfred and Coral.
Although, even then, online betting was not especially popular. Most people would hobble on to their local bookmaker and place a bet. Just 1% of bets up until the year 2000 were done online. Now, it is the majority of bets being placed are being placed online. A massive change, no doubt due to the wealth of online sport betting operators out there.
Exchange Betting Sites Are Born
In 2000, the world of betting was turned on its head with the formation of exchange betting websites like Betfair. Rather than have a bookmaker in the middle of the process, you would be betting against other people.
Basically, you could be a bookmaker and set your own odds. While it is not the most popular way to gamble online, mostly due to the complexity of it for some people, it certainly did help when it came to the advance of UK betting sites.
This is where things really start to get interesting in the world of online betting. Rather than bet before a match, you can now bet while the match is going on. It adds a whole new dynamic to the game.
Those who are able to read matches perfectly can now bet accordingly. In some cases, if things do not seem to be going to plan (and your bet is still winning, but it is unlikely to continue to do so), then you will be able to cash out your bet early. You won’t get as much, but you will have a bit of protection from massive losses.
Nowadays, most of our gambling is done ‘live’, because it is more fun. This has only been further enhanced by the number of online casinos which have live feeds of certain sports streaming on their website. It is a ton of fun.
The final ‘modern’ advance is mobile gaming. Nothing that exciting here, other than the fact that you can now ‘gamble on the go’, which is awesome.
The Future of New Betting Sites
Hard to predict the way they are going to go. As online betting becomes more popular, I reckon that many of the top sites are going to start snapping up the rights to bigger events that they can broadcast on their website. Odds may become even more competitive as there are only so many people who could possibly gamble, and way too many websites.
The biggest advance I can see happening when it comes to new online betting sites 2020 is that these places start to place a bigger focus on mobile gambling. Since this is how the majority of betting seems to be happening nowadays, it makes sense. Their sites will get better. Their live betting systems will be easier to use on mobile devices.
You may also see that many betting sites will start to accept newer currencies. We have already seen this happen in recent years. For example; many online casinos are starting to accept Bitcoin. Since there are plenty of other cryptocurrencies out there, and many of them have started to gain a lot of popularity in recent weeks, then we reckon that there will be a greater focus on this too.
Whatever happens, we can genuinely say that we are excited about the way the market will go.
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