Types Of Betting Sites
With the digital revolution in full swing and the ease of government regulations on gambling, the sports betting industry is undergoing dynamic transformations over the last few years and consequently surging in popularity around the word, the revenues of many world’s leading sports betting companies are also growing significantly year on year. Today, sports betting has become one of the fastest growing industries across the world, offering immense potential for both bettors and sportsbooks. Some of the popular games for sports betting include horse racing, greyhounding, cricket, football, baseball, basketball and golf.
Jan 22, 2021 Best Online Sports Betting Sites DraftKings FanDuel BetMGM PointsBet William Hill 888sport. The number of ‘guaranteed’ betting systems, the proliferation of myths and fallacies concerning such systems, and the countless people believing, propagating, venerating, protecting, and swearing by such systems are legion. Betting systems constitute one of the oldest delusions of gambling history. In this section of our sports betting guide we’ve provided information on several popular types of sports betting. We start with a brief explanation of fixed odds betting: the traditional way to bet on sports. Then we move on to in play betting, also known as live betting, which has become a standard form of wagering at most online betting sites.
For the latest online gambling market size, sports betting market forecast, and top sports betting companies in the world, please see our report Global Sports Betting Market 2018-2022, or download your FREE Global Sports Betting Market Report Sample now!
Global Sports Betting Market Analysis
Over the last few years, the world has opened immense opportunities for gamblers to take part in sports betting anywhere in the world through digital platforms, except in those nations where betting is banned. The global sports betting sector occupies the major market share in the overall online gambling industry accounting for more than 40 % of the worldwide gambling revenue generation. According to the Technavio’s market analysts, the sports betting market will grow at an impressive CAGR, with the global sports betting market revenue expected to reach nearly $370 billion by 2022.
Read more:How Is the Online Gambling Industry Making Room for the Next Unicorn Company?
Top 10 Sports Betting Companies in the Global Gambling Industry
888 Holdings
888 holdings is one of the most popular online gaming operators, which operates 888 sports, casino, poker, and bingo brands. Since its launch in 2008, 888 Sports has been successful in establishing a strong presence in the online sports betting market. The online betting site breaks away from the traditional bookies with exclusive customer deals, a range of new markets and an international appeal. Although the company exited US market long back owing to the strict government regulations, they have been keeping a close eye on regulatory developments in the US.
Today, 888 has already positioned itself in the market by partnering with the US-based companies. The potential for the sports betting sector in the US is significant and, as the only firm in all three regulated US states, 888 is all set to exploit the potential growth opportunities in the US market.
Read more:The Game is on! Here are the Top 15 Online Gaming Companies
GVC Holdings
GVC Holdings is one of the largest sports betting companies and gaming groups. With its unique proprietary technology platform, GVC offers casino, poker, bingo, and sports betting under some of the industry’s most popular online betting brands including partypoker, CasinoClub, Betboo, Bwin, Foxy Bingo, and Sportingbet. In a spell of acquisitions, GVC Holdings made a milestone €1.1 billion acquisition of online gaming brand bwin party in 2016 and acquired UK rival Ladbrokes Coral in March 2018.
Further, GVC Holdings also confirmed a $200 million joint venture deal with MGM Resorts recently that will see the former transfer its online sports betting know-how to the latter. This deal will soon lead to the launch of a wide range of sports betting sites in the US.
Kindred Group
The Stockholm-listed online gambling company, Kindred, continued their record-breaking financial performance in 2018, thanks to the all-time growth of their active customer-base and the 2018 FIFA world cup, that led to higher active users. Today, the company is regarded as one of the world’s leading online gambling brands within the sports betting arena. Kindred Group recently signed a 5+5-year agreement with Casino Atlantic City and Hard Rock Hotel in New Jersey. This move is Kindred’s first step into US gaming, with a view to offering online sports betting services to US customers.
Kindred’s major revenue comes from casino games and online sports betting. With these two segments which generated respective revenue of £104 million and £104.9 million during Q2, Kindred continues to witness significant online organic growth.
Read more : Why Sports Betting Accounts for the Largest Share of the Gambling Market
Paddy Power Betfair
Paddy Power Betfair was born following the merger of Paddy Power plc and Betfair Group in February 2016. Today, the business has four divisions: Online Australia, Irish Retail, UK Retail, and Telephone segments. The company’s Online Australia segment provides sports betting services and is the market leader in the Australian gambling industry. Its UK and Irish Retail segment operate 623 betting shops across Ireland and UK. It has a presence in Australia, United Kingdom, Ireland and across the world.
Paddy Power Betfair provides gaming and sports betting services through websites including betfair.com, paddypower.com, tvg.com, sportsbet.com.au, and us.betfair.com under the Betfair, Sportsbet, Paddy Power, and TVG brand names, and through a chain of licensed betting offices.
William Hill
Since 2012, when the UK-listed bookmaker merged three businesses to establish William Hill US, the company has grown consistently to achieve the market share of around 30 %, making it one of the largest sports betting companies in the UK and the US. William Hill is one of the early movers to reap the benefits from the legalization of sports betting in the US after the Supreme Court’s decision in May to strike out a federal ban passed in 1992. William Hill US is already the leading sports betting company in the US, operating more than 108 race and sports books in Nevada along with the state’s top mobile sports betting app.
The sports wagering giant signed sports betting agreements with a number of casinos in the US last month and is in talks with more operators. The company is ramping up hiring in Nevada for growing its US business. The company announced that it will offer mobile betting technology and sports betting risk management services to 11 casinos in Mississippi and West Virginia.
Download related report sample for free:Global Mobile Gambling Market 2017-2021
Bet365
Having added a vast range of betting options and products to their core over the past several years, Bet365 has grown to be one of the largest firms in the sports betting industry. Bet365 was one of the first sports betting company to start offering eSports to bet on. This British online gambling and sports betting company serves more than 23 million customers across the world by offering poker, casino, games, bingo, and sports betting, along with video streams on sporting events. The company recently inked a partnership with another sports betting company – Hard Rock Atlantic City casino to offer sports betting service
Stars Group
The ultimate owner of the most popular gaming brands such as PokerStars, BetStars, PokerStars Casino, and Full Tilt, Star Groups (formerly known as Amaya Gaming) recently announced that it has successfully acquired the Sky Betting and Gaming (SBG). This deal will turn the online poker giant into the largest sports-betting company in the world. Stars Group is one of the most licensed online gaming operators with its subsidiaries holding approvals and licenses in 19 jurisdictions across the world, including the Americas, Australia, and Europe. Star Group brands have millions of customers globally and are leaders in mobile and online betting, casino, poker, and other gaming-related offerings.
Download related report sample for free: Global Online Gambling Market 2018-2022
Draft Kings
DraftKings is one of the most popular daily fantasy sports content providers that allows users to enter fantasy sports-related contests based on team and individual player performance in five largest American sports (the NBA, MLB, the PGA, the NFL, and the NHL), NASCAR auto racing, Premier League and UEFA Champions League soccer, the Arena Football League, Canadian Football League, Mixed Martial Arts (MMA) and Tennis. After the US Supreme Court cleared the way to legalize sports betting, DraftKings got to work immediately, as sports gambling will account for a major share of their business.
Betsson
Betsson is an award-winning sports betting website that has been around since 2006 and literally grew into a gambling empire. The company provides users from all over the world an option to play poker, casino, bingo games and place their bets on various sports events. Betsson is based in Malta and holds a betting license from the gambling commission in the same country as well as one from the United Kingdom as well. Today, its sports betting option is offered on various markets and more and more consumers choose it as a significant option for sports betting.
BetAmerica
BetAmerica made its name in online gambling industry through horse racing, which then branched out into fantasy sports with the launch of FanEx Sports. Today, BetAmerica.com is considered as one of the most legal and secure sports betting companies based in the US. With a wide range of fantasy leagues for MLB, NFL and NBA and more than 200 racing tracks to choose from, BetAmerica is all set to grab the major share in the sports betting industry.
To find out other major sports betting companies in North America, Europe and Asia, download your FREE Global Sports Betting Market Report Samplenow!
Global Sports Betting Market Trends
Online betting was brought into the sports industry in the late 1990s and has been growing significantly since then. With the emergence and high penetration of the digital platform, punters have the flexibility in placing bets on sports from any part of the world. Indeed, the digital revolution has given sportsbooks a platform to connect with new customers. Online gambling is one of the fastest growing sectors in the e-commerce industry and is a rapidly growing mode of gambling. The use of digital processes and the growing punter demand will propel the growth of the online gambling industry, while the major sports betting companies in the world are also expected to achieve higher revenues in the near future.
For more market intelligence in the global sports betting market, please check this following report:
As the name suggests, we’re here to talk about online gambling sites. While we enjoy all things related to gambling, our primary goal here is to help you find the best gambling sites for your exact needs. If you’re not really sure where to begin in choosing a site, the following are all great places to play.
If you look around here a little, you’ll see that we have all kinds of top-list pages that rank sites according to different criteria. The reason for all these pages is simple: not everyone values the same things in a gambling site. Finding a place to gamble online is not a “one size fits all” affair.
Of course, we also have a few recommendations for our own favorite all-around gambling sites. Based on our experiences, some places stand out for offering the whole package. These sites have it all – safety, game selection, quick withdrawals and quality software.
Top Overall Gambling Sites
| RANK | GAMBLING SITES | SIGN UP BONUS | MOBILE | GET STARTED |
|---|---|---|---|---|
| #1 | 100% Up to $30 | Visit Site | ||
| #2 | 100% up to $300 (T&C Apply) | Visit Site | ||
| #3 | Not Applicable | Visit Site | ||
| #4 | Bet £25 Get £25 | Visit Site | ||
| #5 | Bet £10 Get £25 | Visit Site |
The first gambling sites hit the internet in the late 1990s. Back then, the internet was still a fairly new concept to most people and the idea of actually placing real money bets online was a bit “out there.” But even so, the online casino, poker and sports betting industries flourished.
Fast forward a couple decades and online gambling is now a multi-billion dollar a year industry. In some places, the laws have grown stricter. In others, the laws have grown more lenient. Despite the constantly shifting legal landscape, there are now more online casinos, poker rooms and sportsbooks than ever before.
Nowadays, you can bet on just about anything on the internet. There are hundreds of sites dedicated to casino games, sports betting, poker, bingo, horse racing, greyhound racing and more. As long as you have an internet connection, there’s a whole world of betting at your fingertips.
How It Works
Online gambling all takes place on secure websites designed to host real money games. Signing up for an account at an online gambling site is extremely easy, and for your convenience we have made a short guide for the necessary steps:
Casinos communicate with your computer via a secure connection. Every action you take and decision you make is transmitted to the casino through that connection. The casino determines the outcome of each decision and then sends that information back to your computer.
For example, let’s say you’ve loaded a game of blackjack on your computer. You click the “deal” button at the beginning of the hand to tell the casino you’re ready to begin the round. This prompts the casino to use a random number generator (RNG) to pick 2 cards at random from a virtual deck of cards. Once the cards have been picked, the casino sends that information back to you and the cards are displayed on your screen.
As long as the RNG is configured properly, online casino games are just as random as games played at brick-and-mortar casinos. All the heavy processing happens on the casino’s end for security reasons. You could hack your downloaded software to pieces and it would get you nowhere. The software is merely a means of turning a bunch of ones and zeroes into pretty looking cards and dice.
Anyways, that’s a very basic peak behind the scenes. None of this comes into play from your point of view. What you see are cards, dice, roulette wheels, slot machines and clay chips. The experience is remarkably similar to playing at an actual brick-and-mortar casino.
If you want to play with real money, you’ll need to make a deposit at some point. You do this by logging in to your account and clicking on the “cashier” button inside your software or at the gambling website. You can make deposits via credit card, bank transfer, prepaid debit card and e-wallets such as Moneybookers/Skrill.
Any money that you deposit is held by the casino and displayed as your account balance. This is your bankroll. Every time you place a bet, win a bet or lose a bet, your balance is updated in real time. When you’re all done, any money that’s left in your account can be withdrawn. Most casinos process withdrawals via direct bank transfers and paper checks.
There are a myriad of betting options on the internet. Some betting websites specialize in only one form of gambling while others offer a little bit of everything. If you have a specific type of gambling in mind (such as casino games), you might consider joining a site that specializes in that. If you’re not sure, you’d be best served by a large, all-in-one gambling site.
Most betting sites offer one or more of the following types of games:
Casino games consist of all the classics that you’d see at any major land-based casino. This includes the likes of blackjack, baccarat, craps, roulette, slot machines, video poker, keno and scratch cards. On average, you can expect to see about 100 or 120 different games at your typical online casino. There are hundreds of sites that specialize in just casino games.
Betting Site Web
There are also a number of sites that specialize in sports betting. The big name online bookmakers cover sports from around the world. This includes football, soccer, baseball, basketball, rugby, cricket and many more. Some of the bet types include straight-up bets, props, parlays, point totals and futures. Some sites even offer wagers on non-sporting events such as presidential elections and reality TV shows.
Online poker is unique in that it pits you against other players rather than against the house. This is an important distinction because it means you can actually win money with skill rather than by luck. If you play a smart game of poker, it is possible to earn a consistent income.
Types Of Betting Sites In Kenya
Bingo is played on the internet with the same rules you learned as a kid. The difference is that now, you can win real money while you play. Prizes in bingo vary based on the number of players in each game and how much each player pays to participate. Some of the bigger games have jackpots worth ten thousand dollars or more.
It’s all about the safety. There is no single, worldwide governing body responsible for ensuring safety and fair gaming. If you leave it up to luck and join the first site you run across, there are no guarantees that you’ll get a safe and fair experience. It’s important to pick sites that have longstanding reputations for safety.
Reputations mean everything in online gambling. Playing at an unknown site is a risk of its own. The startup costs for opening a gambling site are minimal and anyone with a little money to blow can build a pretty looking site. The only way to know if a site is legit is to look at its history and reputation.
We’ve all played at sites that were safe but lacking in other areas such as software, game selection and customer support. The best sites offer the whole package.
With hundreds of gambling sites to choose from, there’s really never a need to settle for anything less than the best. Our primary goal with GamblingSites.net is to help you find a site that is both safe and good at what it does.