The Emergence of New Sports Betting Markets
High-profile sports like soccer, basketball, and cricket have gained popularity and continue to claim a larger audience each day. Betting firms' support for clubs and players has increased consumer interest tremendously, with Betway88 being one of the biggest market players. Consequently, there is a significant growth in the betting market with new gamblers streaming into the industry.
Asia - A Fresh Betting Market
For the past couple of years, betting in Asia has grown substantially. The recent lenience in gambling laws and widespread technology in the continent are two major reasons the betting market is slowly and consistently getting rooted here. Additionally, the introduction of smartphones plays a significant role in sports betting. The majority of sportsbooks like Betway88 are compatible with smart devices readily available in leading countries such as Thailand and India, giving the locals more reasons to place bets on sports. However, gambling in Asia has strict restrictions, but the bar is lowered a little bit for fighting.
Recently, the local government of India allowed one organization to issue betting licenses, but numerous wagers still operate online despite the restrictions. Online gambling is a challenge for the government, and the high number of youths in the country utilizes this opportunity to get the most out of sports betting. Today, for example, India has about 66% heavy gamblers and 55% casual gamblers, and both estimates constitute youths below 24 years. That puts almost every Indian youth in sports betting
New Betting Market in Africa
In general, Africa constitutes a young population that is techno-savvy. With a flawless internet connection and mobile money, the potential betting market is infinite in this continent. Sadly, a large number of this young population is jobless, and any money-making opportunity is received with open hands. It is one of the reasons betting is growing at a fast rate in Africa.
Currently, the European betting industry is almost achieving its full potential, and established betting companies like Betway88 are being forced to expand their market to Africa. The shift comes with deals for the locals, and given the scarcity of job opportunities in the region, they cannot ignore the offer.
Sports Betting Opportunities in Australia
Betting on sports is the only gambling activity that has grown greatly in Australia for the last decade. One out of ten grownups in Australia takes part in sports betting. The fast growth of online gambling, coupled with enticing sports betting opportunities, is one of the main reasons for the rapid increase in Australia's sports betting.
A large number of gamblers in Australia can bet on various sports. Many operators here have licenses, but some operate illegal offshore betting sites to offer the same betting services to the citizens' registered companies. However, not all types of sports betting advertisements have a legal right in Australia. These include money-back guarantees and free bets.
On the same note, advertisements on sports betting while general viewing is in progress are prohibited. But that does not limit the popularity of online sports betting. The sites are convenient in terms of accessibility and the vast betting options available. Australia sports gamblers do not have to travel to brick and mortar outlets to place bets. The bets are accessible from any location at any given time.
