Wanna Make a Bet?
The global pandemic put North American professional sports on the shelf for nearly five months but bettors soon found leagues that they never knew existed and, well, if you’re dying of thirst in the desert and someone offers you water, you don’t ask if it’s Fiji. Soon there were millions of experts on Belarusian soccer and Taiwanese paddle ball willing to put up or shut up. Even eSports became a mainstream betting vehicle with everything from League of Legends to Madden NFL simulations.
Sports betting may not be the oldest profession but it is quickly becoming one of the most compelling. After decades in the shadows, it has recently been legitimized due to it finally being legalized in many parts of the United States. But gambling, whether it be legal or illegal, will always be pervasive because it’s fun, and potentially profitable if you know what you’re doing.
Adam Burns, an industry sportsbook director, stated, “Business is booming. “We probably took in 10 times more money than last year on the 2020 NFL Draft. It goes to show people are looking for something to bet on. The draft is always big, but I couldn’t believe how much money [was bet] when I woke up the next morning.”
In April of this year, betting was up 50 percent at New Jersey sportsbooks over last year on sports other than basketball, football, and baseball, to the tune of $21.7 million.
Prior to the reopening of sports in North America, Dustin Gouker, lead analyst for PlayUSA.com network, stated, “The rise in bets on nontraditional sports has been interesting, and with auto racing and golf closer to starting, that trend could increase.”
Books are Booming
Now that the NBA, MLB, and NHL are in full swing, business is booming even more as evidenced by reports from the best online sportsbooks in the industry. But with the king of kings, the NFL, drawing closer, the numbers are expected to soar as long as the leagues can remain open for business.
In August of 2019, a total of $744,065,765 was legally wagered in the United States and $61,762,233 in revenue was hauled in as a result. But industry experts are nearly unanimous in declaring that this August will dwarf last year’s take, not to mention what the offshore books will do as well.
But few believe the take this month will beat the record-breaking month of November 2019, when U.S. sportsbooks handled over $1.8 billion, due to the fact there is no preseason football. “It’s a reach,” opined ESPN gambling writer David Purdum when asked by US Bets whether the month that starts Saturday can break the November ’19 record, “especially without preseason football, which accounts for more than most would believe. Last August, around 25% of the total handle bet in Nevada sportsbooks was attributed to football wagers. The NBA will probably make up for the lack of football, but even then, eclipsing a regular-season football month seems unlikely.”
As Purdum noted, the NBA and NHL are both playing in August which is a first for both leagues and will only add to what should be a robust betting handle this month. SportsHandle Editor-in-Chief, Brett Smiley, echoed Purdum’s sentiments regarding his skepticism of a record handle in August of 2020, “There are so many moving parts here, including players going in and out of quarantine. Over/under on games played for any of these leagues, I mean, who knows? We’re in completely uncharted territory here and there’s too many unknowns in the equation. I think people may watch in record numbers, but hopefully people who have taken a serious economic hit — and that’s an awful lot of Americans — are not using limited resources to gamble on sports. Betting 10 bucks is fine, but that doesn’t impact handle much.”
Purdum referenced the uncertain economic times and the looming election as another hurdle to climb for a record-breaking month, “The U.S. betting market is expanding and growing. We have more visibility than ever at how much is being wagered, which may lead to some record-setting numbers in some states. Records seem to be set routinely these days. But, to me, the pandemic, the pending election, and uncertainty surrounding the economy and sports in general will, at some point, have a negative impact on the betting market.”
Whatever happens this month, one thing we do know is that Americans have a growing passion for the action. Sports betting is now mainstream and records will be routinely shattered for several years to come as more states enter the fray and become beneficiaries of all that additional tax revenue. Legalized sports betting in the USA has been a long time coming but at long last, we’re glad it’s arrived.
Is Investing in Online Gambling Still Viable?
It is not hard to realize why many have noticed the online gambling industry when it comes to investments. With growth over 224% in the US, it is hard to miss such a boom. But, many people question if investing in online gambling is still viable or has the train passed for the biggest winners.
The answer mainly depends on if the investor is planning to get rich quick or to establish him or herself in the industry. For the former, regretfully the peak has already passed if doctors and governments are to be trusted.
But, if you want to make a high-quality business that will bring regular growth and pay regular dividends, the so-called iGaming industry is the place to be right now. Even if the growth of the market slows down, it will not stop.
This is because the three main comparative advantages of online gambling will still be present even after people are allowed to visit brick and mortar establishments:
- Low regular overhead
- Access to global markets
- Ensured advantage
And the last point might be the most important if you are a concentrated investor. The superior stability of online gambling compared to regular casinos makes it much easier to plan your business, as well as borrow against the company.
Don’t Expect 2020 to Repeat
Investing now and expecting to triple your investment by this time next year would be very unwise. While substantial growth is possible, some normalization of the curve is to be expected.
By all accounts, a vaccine against the current pandemic is expected to arrive in early 2021, with the effects taking in by the spring of next year. This will mean that fewer people will spend time indoors, thus less time gaming on phones, tablets, and computers.
Still, most of the current user base is expected to remain and new users will join in as the word of mouth spreads globally. This makes a perfect chance for someone, especially if offering niche-specific services, to swoop in and fill that market.
Enough Players for Everybody
There is no territorial competition when it comes to online gambling. With the number of players entering and the demand for online gambling rising, the competition is very fair and very open between casino operators. This makes a very relaxed atmosphere if you are a new investor in the industry. Of course in some markets like Australia the players spend more on average than in markets like Romania so competition there is a bit more saturated.
But, keeping players on your platform as well as standing out will be difficult. Finding modes to increase your offering and improve your services will be crucial if you want to remain relevant and growing.
High-Entry / Low-Maintenance
With some new legislation that will be affecting both Malta and Curacao, the industry will probably become even cleaner. But, the licenses will become more expensive, which may dissuade smaller investors from chipping in.
Namely, the old Curacao license, usually taken out by new operators, will now cost roughly $120.000, which is a steep increase from the $35.000 which was the price so far and will be until January 1st, 2021.
But, for those who have the funds, this is where major expenses end and where income begins. As the costs for operations, security, services, and technical support all scale with the level of business, you will rarely find yourself bleeding funds in any way.
Generally, if you can make an arrangement with game developers for pay-to-play terms, you can have a very secure income with minimal expenses and only a basic payroll staff.
New Curacao License
While still being valued as a license that ensures trust and safety from the operator, Curacao has been seen as the ‘second-best’ for a very long time. This is because the rules for obtaining, as well as oversight, was much more relaxed than for the Malta GC license.
But, with the new deal made between Curacao and the Dutch authorities back in Europe, the value and price of this license will rise quite a bit.
For those who had the papers this year, the ~$85.000 increase won’t be an issue, but it might be for new operators looking to open an online gambling business in 2021.
Malta is the Gold Standard
A license provided by the Malta Gaming Commission is still the golden standard when it comes to online gambling. The rules now planned by Curacao have been enforced in Malta since 2009, and even new players are familiar with the significance of having such a document.
But, for many operators, this type of clearance is not necessary. If you don’t want to market towards EU players and don’t plan on predatory tactics in the first place, you may use the Curacao license and save some money initially.
Later, when you have your business established and your investment relatively secure, you can always take the Malta license as well and try to reel in some bigger whales that are hiding all over the world.
The Easiest Casino Games For Newbies
If you someone new to online casinos–which means, you don’t have any experience in playing in a land-based casino either–you may be surprised with how many games you can play online through your computer or mobile device. For someone who may have very little to no idea at all, the long list of playable games can be a bit overwhelming and may even be discouraging for some. However, it should not be like that.
Before you go and choose among the long list of online casinos out there, it would be a wise choice for you to have at least a plan on which games you go to first. Ideally, you would not want to go big on the complicated and complex games like sitting at a poker table or rolling it high on other card games. As a newbie, the best route for you to go is to play on the easiest games first, before moving on to the harder ones.
With that in mind, here are some of the easiest casino games you can play that are all newbie-friendly.
Slots is the classic favorite of a lot of people playing in a casino, whether it is on a land-based one or an online betting site, and it goes for a very good reason. This is because slots are one of the simplest, if not the simplest casino games to play.
All you need to do to play slots is to choose your game, pull the lever (or if you are playing online, push the button), wait for the spinning symbols to stop, and hope that you will get a winning combination.
However, although slots can be a good stepping stone for newbies who may be just “testing the waters,” it is not a good game to play long-term, as the odds are stacked against you and there is no real way for you to play strategically and at least increase your chances of winning.
Roulette, in its many variants, is yet another one of the simplest games in a casino. Unlike slots, there a system to playing roulette, although it is still easy to learn and can be understood even by complete newbies in only a matter of minutes.
In roulette, a ball is thrown into the spinning wheel (the roulette), and all you have to do is make a bet on where you think it would land once the wheel stops spinning. You can bet on a specific number, on a block of numbers, or on a color where it would land. Each type of bet, of course, has its corresponding profit margin.
To non-gamblers, a game of baccarat may look to be a complicated one that involves a lot of counting and mathematical skills. However, the truth is it is not. It is so simple that you can play it without having any knowledge of it at all.
In baccarat, the mechanics are simple. The dealer (banker) gives the player two cards and two cards themselves as well. Now, the player would be which set–the player or the banker–has a card combination that is closest to the number nine. While there are three available bets–the player, banker, or a tie bet–the most ideal bet is to just always bet on the player.
Once you get the hang of these games, you can either stick to playing them or if your think you are ready enough, start moving on to the more complicated games. Either way, gamble at your own pace and do not forget to be a responsible player at all times.
All you Need to Know about Casino Christmas Bonuses
Every business wants more awareness during the holidays and casinos are no different, that’s why during every Christmas season they rollout amazing bonuses to give back to the players and get more attention drawn to their sites.
Why do Online Casinos Give Christmas Bonuses?
Christmas is the most important time of the year for a lot of companies, from toys to clothing companies. The holiday season is when consumers are most likely to treat themselves or the people in their life with a gift. It is also when they looking through the options available to get the best deals. That’s where Christmas bonuses come in. They act as a reward to customers for choosing a certain brand over another and provide the attention of more people to the brand. Although gifting bonuses in online casinos is a strategy used almost all-year-round, most casinos do a really good job boosting their proposals during Christmas to attract more players.
How To Find The Best Online Casino Christmas Bonuses In Finland?
Finland can be one of the most magical places to spend Christmas. Its snowy cozy feel and the lights make it a wonderful location for spending the holiday. This is also why online casinos there take greater initiative for the winter season and offer great casino Christmas calendars and bonuses, most of which you can find at casinomaisteri.com. With a simple search on the site, you can choose from a variety of Finland’s licensed sites to play various games of your choice.
What Types of Christmas Bonuses are There in Finland’s Online Casinos?
Online casinos use a great variety of bonuses to make their sites more attractive to players that look for games. All types of bonuses that are typically used are also available to users playing from Finland. There is a few types of Christmas online casino bonuses you might see:
This bonus you may get for signing up during Christmas time. It can range from a waiver of the entry fee to free games or other gaming benefits.
Game premiere bonuses
A lot of casinos release Christmas themes games and promote them by allowing gamers to play for free or give them credit to play.
If you have a favorite online casino you might get a Christmas present from that brand for staying loyal to the site. Loyalty bonuses can also come with many other different perks which depend on the brand.
Free spin & free time
These types of bonuses let players enter a game or stay longer playing with no charge. The casino covers those fees so the player can enjoy the game.
Why are Casino Bonuses Special?
Casino bonuses make players more excited to stay on a site or choose a particular game. They are one of the most useful tools casinos use to boost their performance and they also became a great addition to the Christmas theme for the industry.
What’s the Best Way to Use Casino Bonuses?
It depends on each player, so they must look at the Christmas bonuses available on external sites and choose the option that will get them closer to their particular goals faster.
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