The word ‘fascinating’ would be an understatement to describe cricket’s journey from royals’ pastime to run-of-the-mills’ passion. The same applies to cricket gambling to a small extent. Not all cricket lovers are passionate about gambling. In fact, many of them strongly oppose the same. .
Most of the people who try their luck in betting are only casual bettors or square bettors. They bet only occasionally whereas the rest do it regularly. In fact, professional bettors earn their living from regular gambling. With a small percentage of professional bettors, does the future of betting look good or bleak? In this blog post, we will examine it.
IPL and Betting
Come IPL season and gambling takes the center stage. In fact, the Indian Premier League has become a huge attraction to cricket lovers and gamblers alike. Online cricket betting on T20 betting exchange apps is expected to experience an annual increase of 8.59% from 2023 to 2027, with reported involvement of more than 12 million participants.
There are numerous betting apps and websites that have surfaced to the forefront. They are playing a key role in meeting the burgeoning demands from betting enthusiasts. The landscape is highly dynamic and online betting apps are clearly in fierce competition to become a numero uno choice.
One needs to take a closer look at rapid growth in the cricket betting market to navigate and understand the emerging trends and prospects of cricket betting. However, we still think the growth is only in the seminal stage though cricket betting has huge potential to grow big in future.
Why Is Cricket Betting Evolving Rapidly?
There are multiple reasons why the global landscape of cricket betting is undergoing rapid revolution. What drives the phenomenon? Let us dig deeper and discover the drivers:
Legalization: When it comes to sports betting, most people still hold an orthodox view. The notion that it can cause financial harm dissuades many from getting into betting. Betting is not legal in many places and people avoid it, lest they should land into legal issues.
However, not all countries recognize betting as illegal. The fact that the government will not intervene into betting activities gives bettors peace of mind, leading to its continuous flourish and promising future.
Stringent Regulations: There are different regulations to govern cricket betting in the countries where it is legalized. It encourages people to bet without fear of experiencing financial fraud and their privacy being compromised.
The convenient betting ambiance has facilitated growth of cricket betting. From transparency to security, these regulations have worked in favor of popularizing betting in cricket.
Popularity of Cricket: Cricket is a popular sport, with more countries now playing the sport. This is also contributing to cricket betting because people usually bet on popular events.
Use of Smartphones: With a smartphone, you now have the entire world in your grip. You can easily access cricket betting apps and websites through a few ‘presses’ on buttons. With the number of smartphone users increasing at a rapid rate, it’s no wonder that cricket betting is becoming a favorite with many people.
Cricket betting is an industry. Like other industries, it too has embraced the power of technology. With betting enthusiasts flocking to online platforms, it is a genuine gesture of the good future of gambling.
Betting apps are convenient to use and people having smartphones are smart enough to explore the features of online betting platforms. You can bet on T20 online from the comfort of your home.
Stable Internet Connection: Having stable internet connection is a requisite to access digital betting apps. Internet coverage is excellent in almost all cities across the world. This helps people bet freely on different cricket events and live matches.
Emerging Trends: With the cricket betting market rapidly evolving, some notable changes are hard to miss. Some of these trends are:
Mobile Cricket Betting Apps: Many mobile apps are coming into the market. Some of these apps incorporate different sports whereas a few are cricket-only betting platforms. These apps allow you to bet at your convenient time from anywhere in the world. You can wager even on the go. Some apps allow betting on live matches. Most people prefer apps for betting because they infuse convenience into wholesomeness.
New Betting Options: A decade back, live betting was not possible in sports. Bettors had to place bets before the match started. Their predictions were independent of the latest updates about teams or players, which can influence the outcome of an event. For example, a player’s injury
Online betting has completely changed the scenario, making the ambiance more dynamic and immersive. Some of these new-age popular cricket betting options are live betting and in-play betting.
Wrapping Up
Cricket betting has embraced the power of technology only to evolve for the better. Whether it is IPL, T20 World Cup, ODI World Cup or Satta Matka Result, the future of cricket betting looks promising and prosperous.
