Legalized sports betting is quickly becoming one of sports fans' favorite and most sought-after means of entertainment. As the popularity of this trend grows, teams and organizations are looking for new and innovative methods to engage and grow their followers.
Football and basketball are among the most popular sports to make wagers on in the United States. Interestingly, the betting culture is deeply rooted in the subculture of these two games. Furthermore, these games account for a considerable portion of the 155.9% of sports revenue collected within the first two months of this year.
So, why are sports betting so popular among soccer and NBA fans? Continue reading to learn more.
The Evolution of Sports Betting
Sports betting has been in existence for thousands of years within the United States. Horse racing was one of the earliest and most popular sports on which supporters bet, and other sports followed suit. In particular, the launch of professional baseball back in 1876 brought traditional sports betting to the limelight. However, by 1877, such betting was already being condemned. This is because it was discovered that some sports teams, like the Louisville Grays, were throwing games.
It was until the 1970s that sports betting became legalized in many states within the US. Fast forward to the 21st century, sports betting looks a lot different from when it was initially established. More than 26 of the 50 states within the US have legalized sports betting, especially since the court overturned the Professional and Amateur Sports Protection Act of 1992.
Another key cause for the amazing rise of sports betting is the digitization of bookmakers. Various technology, particularly the Internet, enabled bookmakers to offer their services online, allowing bettors convenient access. With that in mind, anyone who wants to wager on soccer, or the NBA may select from thousands of online betting sites worldwide, including https://www.betphilly.com/nba.
The Impact of Sports Betting
Thanks to significant technological advancements in sports betting, gamblers may now make bets on specialized betting sites and online casinos. They may watch the game live via an internet stream in addition to betting money on NBA games.
It is quite convenient for gamblers not to visit a bookmaker to place a wager physically. However, some states have still prohibited sports betting, so verify with the online sportsbook before playing.
An Exquisite Fan Engagement and Community Building Experience
Sports betting provides a different adrenaline rush that keeps gamblers coming back for more. Other than the avid NBA sports fan, not many people enjoy sitting in one spot for 48 minutes straight to watch an NBA game, waiting for Stephen Curry to surpass his current three-pointer record. But, after placing a minuscule $20 bet, sports fans will sit at the edge of their seats cheering on their team for the entirety of the game.
In addition, winners of the bet are likely to gain a newfound attachment to their winning team and even buy their merchandise in support. That is the power that the sports betting culture has. As such, the betting culture has helped bring fans closer to their favorite sports teams, increasing their overall sports viewing experience. Whether it is a diehard sports fan who consumes the products and services of their favorite teams or a casual fan who will occasionally tune in to interact or follow a team, the betting culture plays a significant role in fan engagement and community building.
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