Online sports betting is fast becoming one of the biggest industries online which is not tough to see why. Betting online is quick, easy and offers a great deal more markets than traditional high street betting shops. Long ago in 1996, in the event the internet was just a baby, there was only 30 or so sites that allowed users to place bets on everything from blackjack to soccer. Even in its infancy then the gambling industry was raking in a tremendous $17million from online revenue. Through the turn of the Millennium this had risen exponentially to around $3billion and by 2003 this had doubled to more than $6billion in only the united states.

Whenever you look at the total annual turnover of worldwide online betting it can be absolutely astonishing total amount. Based on the gambling board of Great Britain the worldwide turnover in 2001 for all gambling was Ł638billion with Ł21billion of this being wagered online. Online sports betting got a Ł9billion slice of this.

With huge quantities of money to be made, it is not surprising that all the major bookers quickly flocked to the net to get in on the action. And additionally the well known brands, specialist sites began to spring up everywhere. These sites had no real life presence and were designed purely to capture the growing range of punters looking to place there bets with a click of a mouse. Today there is more than 50,000 sites all looking take your bets. It is hardly surprising there are actually a lot of sites as the online Gambling Research and Markets Group predicts that by 2015, the turnover in the online betting world will reach at least $125billion.

Therefore, with the numbers rising ever higher it really is clear betting online becomes a lot More Material popular everyday. For almost all people, placing bets online makes their sport more exciting and they may even earn the odd bit of cash with the correct technique. But it seems if you want to make the big bucks, you are going to have to be a bookmaker.