Bharat SainiLast Updated on February 6, 2024 by Bharat Saini
A flourishing sports betting industry is well-known to positively impact professional sports teams, individuals, organisations and global economies in various ways.
Let’s dive straight in to discover how sports betting activities on world-class iGaming sites like 10CRIC Sports impact sports in Asia and beyond.
What is an online sportsbook?
An online sportsbook is a fully licensed and regulated sports betting website and is also known as an online bookmaker or iGaming site.
How do sportsbooks impact professional sports in Asia?
The single biggest and most obvious impact of online sportsbooks on sports is increased revenue. As more people become actively involved in legally permitted sports betting activities by placing real money wagers on their favourite sporting events, we tend to see an increase in several other key areas related to professional sports.
For example, more sports bets being placed sometimes leads to an increase in the number of people purchasing tickets to attend sporting events in person or an increase in the number of people subscribing to major sports streaming websites to watch the live action as it unfolds online from their preferred devices.
A percentage of the broadcasting rights goes to the sports teams/individuals whose events are televised. There is also an increase in the sale of sports-related merchandise, which leads to more lucrative sponsorship deals being struck and multi-million dollar advertising campaigns being launched.
This also contributes to the financial success of professional sports teams, individuals, and organisations involved.
When sports fans have a financial stake in a sporting event because they have placed a wager on a legally permitted iGaming site, fan engagement increases, and those people become more emotionally invested in the outcome of that particular event.
If they win, they are more likely to bet again in the future, which continues the cycle of how sportsbooks can positively impact sports in Asia and across the globe.
Also, as more people bet on sports, huge amounts of data and analytical insights are gathered, which enables online bookmakers to offer more competitive odds. This also enables punters to place more strategic bets that are more likely (but never guaranteed) to return a profit with increased payouts.
A fully licensed and regulated iGaming industry also helps reduce the number of illegal gambling activities that occur either online on unlicensed/regulated sites or in shady land-based gambling dens in the real world, protecting the integrity of the iGaming industry and the sports people can legally bet on.
An iGaming industry that actively promotes responsible gambling and has a range of safer gambling tools in place to protect the people who sign up to these sites to place bets creates a safer environment and can help detect and prevent problem gambling from ever occurring in a small minority of at-risk gamblers.
In short, a well-oiled sports betting industry is a win-win situation for gamblers, the reputable sports betting operators that offer safe and reliable services like those found on the official 10Cric10 (https://www.10cric10.com) website, and the professional sports teams, individuals, and organisations involved.
What other benefits does a properly regulated iGaming/sports betting industry have on local and global economies?
There are many other social and economic benefits of a flourishing iGaming industry. For example, the online payment gateways that process swift and secure deposits and withdrawals between the player and the sports betting site also benefit from increased activity.
The affiliate marketing websites that review iGaming sites and try to drive traffic to them benefit from conversions and increased revenue.
It helps boost employment by creating new jobs in various other sectors, such as fintech startup companies, software providers and game development studios that supply games to iGaming sites, and digital marketing companies that launch promotional campaigns, to name a few.
What to look for in a reliable sports betting website
When searching for a reliable online sports betting site to place a wager on an upcoming sporting event, you should always do your due diligence before signing up to somewhere that may not be safe. Always consider the following important factors:
- Licensing and regulation – never sign up to an UNLICENSED sports betting site. Make sure it’s licensed by a globally renowned licensing authority, such as Curacao eGaming
- Ownership and reputation – only sign up to an iGaming site known to be controlled by a reputable operator with an excellent background
- Positive reviews – don’t sign up to an iGaming site with bad reviews. Make sure it has overwhelmingly positive reviews on the world’s most trusted iGaming review sites
- Customer service/player support – you want to find a trustworthy site that’s known for its high levels of customer service and unrivalled player support, like 10CRIC Sports. Their friendly and professionally trained player support agents are easy to contact and never leave technical issues or questions unresolved/unanswered
- Website security – always check the website is protected by 128-bit SSL encryption and that the website domain name starts with https://
- Banking options/average transaction speed – you also want to make sure the site accepts a range of perfectly secure online payment methods and not payment methods nobody has ever heard of. You also want to try to find a site like 10CRIC that’s known for processing instant deposits and superfast withdrawals
If you live in India, aged 18 or above, and want to sign up to a website to place sports bets, one of the most trusted all-round sports betting sites you can turn to for top-notch real-money gambling services in 2024 is the official 10CRIC Sports betting site. It has everything someone living in India could ever want from a real money gambling site.
They accept Indian rupees, have a market-leading sports betting app and website services, and specifically cater to the Indian market in many other ways.
Final note
When you stick to world-class iGaming sites like 10CRIC, you know that the revenue generated by the website operator will be used correctly to help boost the economy.
This kind of revenue helps fund social programs, public health programs, problem gambling initiatives, and even certain sporting initiatives.
The same cannot be said of unlicensed and unregulated iGaming sites that are controlled by unscrupulous operators, which is why these sites must be avoided at all costs. You should only ever register an account at world-class online sports betting casino websites like 10CRIC.
