Sports Betting – What to Know?


A Brief History of Sports Betting

The entire history of sports betting began around the 16th century when horse betting was particularly popular. It all started with betting between horse racing owners, but after a while, horse racing visitors could also bet on bookmakers. At the beginning of the 20th century, a new system, the totalizer, was introduced. The difference between a totalizer and a bookmaker is that the bookmaker has already set the price before the game starts. Sports betting is no longer limited to horse racing, but there are various sports and other gambling games for betting money like casinos or slot games(슬롯게임).

What are sports betting?

The explanation of sports betting is basically simple. Select a specific game and bet money on the selected result. If your guess is correct, you will win a particular prize. Did you get the wrong result? Then you lose your investment. You can choose pre-match or live bet. With pre-match bets, you bet before the game starts. With live betting, you can also bet and adjust your bets while playing the game. Live betting comes with a little more risk.

In which sports can you do sports betting?

Soccer gambling, including the results of games, is the most popular in our country. However, this is not the only sport you can bet on. The list of sports is endless. Consider betting on darts, mixed martial arts, tennis, Formula 1, motorsports, and cycling. Certain events, such as the Olympics and World Cup, are also very suitable for sports betting.

Advantages and disadvantages of sports betting

Benefits of sports betting:

-Adds a new dimension to the sporting experience
-Infinite betting options
-Great Profit Opportunity

Sports Betting Disadvantages:

-When betting life, you are emotionally guided.
-Match-fixing risk
-Your knowledge of the sport you are betting on should be more than sufficient.

Sports Betting Reliability

Some people consider gambling in sports to be an industry with a dark side to gambling. The movie serves as the basis for this, but the manipulation of the match and the consequences also means that not everyone dares to play sports betting. However, sports betting is very reliable. Since October 2021, online gambling has also been legal in Dutch sports. A prerequisite is that the sports betting provider has a license for the Dutch market. This license is issued by the Dutch Gambling Authority.