Online sports betting is fast becoming one of the biggest industries online and it’s not difficult to see why. Betting online is quick, easy and offers a great deal more markets than traditional high street betting shops. Way back 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 anything from blackjack to soccer. Even in its infancy then the gambling industry was raking in an enormous $17million from online gambling site revenue. By the turn of the Millennium this had risen exponentially to in excess of $3billion and also by 2003 this had doubled to more than $6billion in just the us.

When you look-at the annual turnover of worldwide online betting it is an absolutely astonishing total amount. In line with 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 really is not surprising that all the major bookers quickly flocked to the web 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 number of punters looking to place there bets with a click of a mouse. Today there is in excess of 50,000 sites all looking take your bets. It is hardly surprising you will discover so many sites as the internet Gambling Research and Markets Group predicts that by 2015, the turnover in the online betting world will reach at least $125billion.

So, with the numbers rising ever higher it really is clear betting online becomes increasingly more 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 right technique. But it seems if you want to make the big bucks, you are going to have to become a bookmaker.