Over the last couple of years, the gambling industry has rapidly evolved by spreading to the online market. Inside the booming world of online betting, innovations and changes have become common only to make the experience better. A variety of sports betting markets became pretty much a standard, at least among all the major operators – together with basketball wagering as one of the most popular markets.
Basketball betting has had one of the most incredible evolutions due to its popularity. As one of the most spectated, betted on, and talked about sports, basketball was bound to evolve this way.
The Diversity of Sportsbook Markets
Punters used to be able to bet on basketball events at retail betting stores with limited options. In addition, we are only taking into consideration areas where gambling in retail was legal. However, the past decade brought some relaxed gambling measures and laws all across the globe.
Moreover, while wagerers were able to gamble in limited basketball markets once, now there are multiple different options. From bigger to smaller leagues, local and international ones, to specific bets about any part of the event and players.
Moreover, the emerging of in-play basketball betting brought a new wave of gambling on this sport. And it seems that wagering has never been this entertaining and straightforward.
Becoming One of the Most Popular Sports Betting Markets
In the past, basketball wagering wasn’t exactly that much favored as it is nowadays. Especially if we are talking about the major US leagues and the whole US market – until recently. Prior to 2018, when the US Supreme court ruled in favor of NBA online sports betting sites, US leagues weren’t that popular in Europe. Basketball leagues such as NBA, ABA, or UBA weren’t that popular on the European wagering market, and the US was yet to legalize this type of gambling.
However, as online betting started to rise, the need for sports wagering market versatility appeared. This is why most of the operators, including European ones, started including US basketball leagues and expanding their offer. Soon enough, they started including all the major and minor sports leagues in North America.
Back in those days, soccer was one of the most popular sports for wagering in Europe. Basketball was a runner-up and the wagering was commonly done only via bets such as money lines, over/under, or handicaps. Once the online sportsbook industry realized the potential of this sports market and the growing popularity of NBA across the globe, basketball betting started to get all the needed attention.
This led to sportsbook experimenting with a range of markets within the sport. Nowadays, basketball wagering is extensively developed, just like other online sports betting markets such as soccer.
The Rise of Live Basketball Wagering
Just like for other sports betting markets, in-play betting for basketball wagering has brought some major changes to the industry. It was one of the greatest innovative features many online sportsbooks started offering. Not only did live wagering become one more wagering type to choose, but it also contributed to the general gambling revenue.
Placing live wagers is easy, fun and it is something every basketball fan could wish for. Watch a live stream and gambling at the same time gives wagerers new opportunities and a chance to place bets when they sense that something could happen. Due to all the excitement of the moment, punters tend to place more wagers than they would for regular futures.
In addition, it allows punters to make last-minute changes, rely on their gut feeling, and simply seize the moment in a game. Besides, the odds can drastically change during in-game betting, giving the wagerer a chance to get bigger winnings. In fact, for experienced gamblers, live basketball wagering has tons of benefits.
Wagering Focus Today
Even if one of the biggest events in the gambling industry is definitely NBA, betting on basketball is much more than that. As a matter of fact, the NBA and NCAAB are not the only two markets that are popular. A myriad of minor leagues and competitions covered by the online bookmakers can show you how popular this sport is. Moreover, gamblers will be able to find leagues from all over the world at almost any sportsbook nowadays.
The hype around basketball and the popularity of basketball wagering keeps on growing and evolving. And within that lies the depth and power of the basketball betting markets. Today, basketball enthusiasts can have an incredible wagering experience, while placing bets on their favorites.
