After decades of restriction, sports handicapping is finally being accepted and practiced all across the world, including several states in the US. The betting industry is experiencing rapid growth with time, contributing to 30–40% of the global gambling market.
Betting has now become socially acceptable and has millions of participants all over the world. According to a survey, almost 34% of the respondents accepted that they occasionally participate in sports betting. Some people do it for fun while others take it up more seriously, trying to beat the odds to make money out of it.
If you’re planning to step into the industry this year, here are some of the hottest trends in the world of sports betting you need to know about.
Legalization of Sports Betting:
The Professional and Amateur Sports Protection Act of 1992 prohibited sports betting in many states of the US. The judicially-overturned law changed the legal status of this activity and considered it a national problem. But, after 25 years of limitation, the US Supreme Court struck the PASPA law, allowing several states to legalize sports betting.
It all started with the Sports Wagering Act in 2012 that allowed New Jersey to sports betting began to gain popularity. There are several bills on file around the US with almost seven states extremely close to getting a legal permit to allow sports betting.
The trends are changing in 2019, with more states showing interest in the betting industry. Almost two dozen other states are bracing themselves to activate new betting laws already. The number of states in favor of sports betting legalization is expected to reach 32 by the end of 2019.
Data-Driven Sports Betting:
The main discussion in the betting world is beating the odds to win a bet. However, winning a sports bet isn’t easy, especially with traditional techniques. Therefore, the top-notch handicapping services such as SPORTSMASTERS offer betting odds, based on critical analysis of big data.
The betting world is making the most of the latest technology by introducing innovative analytic techniques and machine learning software to make accurate predictions. The statistical analysis proves to be correct in most cases, allowing new and experienced bettors to invest in winning bets.
Online Sports Betting:
Online sports betting is a game-changer in the modern betting market. The industry is a whole new category in the betting world, encouraging bettors to receive notifications and place wagers in the comfort of their home. Reliable betting sites deliver promising results increasing the odds of winning for many participants.
What to Expect in 2020?
In the next year, the betting industry is expected to show steady growth as more states legalize this activity. Sports enthusiasts will be introduced to more opportunities to make safe and accurate bets. People will reach out to online platforms that support big data sports analytics models to increase their chances of winning.
If you’re looking for top-rated sports handicapping service, get in touch with SPORTSMASTERS. We have 67% of winners on average who’ve benefitted from our advanced machine learning software to predict the betting odds.
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