Why Mobile Sports Betting Is Driving The Market
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With the popularity of sports betting at its highest level ever, it’s now very easy to take a trip to your local casino or bookmaker to place a wager on your favorite sporting events. But, of course, it’s also possible to take out your phone and check the NFL odds to make a wager with a couple of taps on your screen.
Although in-person betting is still a thriving industry, there are differences between it and mobile sports betting that are worth taking a look at. From a business standpoint, mobile offers several advantages that will ultimately lead to stronger revenue. It offers greater long-term benefits from an operator’s perspective.
Convenience
Anyone with a mobile phone and internet connection can place a wager from anywhere and anytime. It offers endless possibilities for the bettor with mobile apps that are more user-friendly than ever.
In addition, with advances in sportsbook software technology, you’ll find more choices in ways to bet, such as live betting, and if you don’t like the odds at one online sportsbook, you can always log onto another to find better odds in seconds.
In-person betting is still favored by many players due to the overall environment of the brick-and-mortar casino, as it can sometimes be more fun. It’s also popular because winnings can be collected immediately by just walking up to the window.
Most online sportsbooks can take days to send your winnings. If you like taking your winnings immediately, then visiting your local bookmaker is the way to go.
Promotions and Bonuses
Sports betting online offers many more promotions, such as deposit bonuses and free bets. These bonuses are available for small bettors and high rollers alike. These are so abundant because online sportsbooks don’t have all the overhead costs involved in operating a brick-and-mortar location and can pass some of that savings on to players in the form of bonuses.
If you bet at an in-person location, you need to ask around to find out which promotions, if any, are offered. Sometimes the only promotions provided will be free drinks, which you don’t want to take advantage of too much if you’re going to hold onto your bankroll.
Betting options
Sports betting online has many more options in the types of bets you can make than in-person betting, with the most popular being live betting. This option allows the bettor to wager on a game as the action unfolds, with changing odds and wagers as the game progresses.
You will also find options such as props and futures bets. Prop bets allow wagering on specific statistics or events that will happen in the course of a game. For example, a wager could be placed on how many points a specific player will score or even what color shoes a player will wear for the game.
Futures bets are placing wagers on future events that will take place. Examples include betting before the start of the season on which team will become league champion.
Payment Options
At most in-person sports betting facilities, the only forms of payment are either credit/debit cards or cash. At online sportsbooks, the payment options include bank wire transfer, PayPal, Neteller, MoneyGram, and cryptocurrencies, as well as credit/debit cards.
Cryptocurrency is becoming the preferred online method due to its security and speed, along with cheaper and sometimes no transaction fees. Online sports betting is also much safer than handling large amounts of cash if you happen to hit a big parlay at your local casino.
Online betting is the obvious choice if the bottom line is convenience and easy access. However, there is still no comparison to heading out to your local casino and putting down some bets on your favorite team with a group of friends while taking in all the excitement of the brick-and-mortar experience. At the end of the day, it just depends on what the user prefers.