Online sports betting is fast becoming among the biggest industries online and it’s not difficult to see why. Betting online is quick, easy and offers a whole lot more markets than traditional high street betting shops. Way back in 1996, when the internet was just an infant, football 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 a massive $17million from online revenue. By the turn of the Millennium this had risen exponentially to around $3billion and also by 2003 this had doubled to more than $6billion in just the us.

When you look at the yearly turnover of worldwide online betting it can be absolutely astonishing sum of money. According to 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 amounts of money to be made, it really is no wonder that all the major bookers quickly flocked to the web to get in on the action. As well as the well known brands, specialist sites began to spring up everywhere. These sites had no real world 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 well over 50,000 sites all looking take your bets. It really is hardly surprising you’ll find numerous sites as the internet Gambling Research and Markets Group predicts that by 2015, the turnover within the online betting world will reach at least $125billion.

For this reason, with the numbers rising ever higher it’s clear betting online becomes a lot 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 proper technique. But it seems if you want to make the big bucks, you are going to have to become a bookmaker.