Sports Betting During Covid-19: Will It Beat the Odds?

The Covid-19 pandemic hit lots of industries, and even changed the way some of them operate. Sports betting didn’t manage to avoid the impact of the crisis, as almost all sporting events have been cancelled. If there weren’t the pandemic, today we would discuss the new EURO 2020 champions and enjoy the Olympic Games in Tokyo. However, the lockdown saw many people at home, and the confinement has been imposed in a lot of countries. Sports fans headed to alternative forms of entertainment, and some obscure sports were, all of a sudden, in the focus of all bettors.

sports betting covid 19

Since the start of the Covid-19 pandemic, table tennis has become one of the “mainstream” sports to place wagers on. Just in the UK, it has become the fifth-biggest revenue-gaining sport. Other niche activities, such as marble racing, also gained popularity among punters. However, that trend is not expected to last for a long time, and as soon as the most popular sports get back in the offer, these will fall again under their shadow.

Both land-based and online sportsbooks felt a negative impact of the pandemic, and brick-and-mortar casinos were no different. However, the online gambling market hit the rapid growth, and many sports bettors decided to try out their luck on some of the games from online casinos’ offers on Online casinos became the most convenient way of gambling since they are accessible 24/7, and only you need to have is a desktop or a mobile device with a stable internet connection. The growth rate reached 20% just in the first three months of the coronavirus pandemic.

online casino mobile

These figures are not surprising since bettors do not have any other way to entertain themselves, and that is related to gambling. Other forms of the entertainment industry, such as the movie or music industry, are also facing a crisis since all cinemas are closed, and all concerts and other performances are canceled or delayed. Thanks to online casinos, players can enjoy their favorite game, whether it is the slot, poker, roulette, or blackjack, from the comfort of their homes. They do not need to expose themselves to the risk of being infected by the virus. Nevertheless, they can choose from hundreds of games offered at each online casino.

An increased interest in online gambling also had some impact on the market. Operators are searching for the best ways to attract customers to register at their website, and if you want to sign up to an online casino, you will very likely get a generous welcome bonus. That’s something that shouldn’t be underestimated since it can bring extra value to the money you have deposited into your account.

However, due to more relaxed measures in many countries, sports betting is slowly returning to its original form. We have witnessed the Champions League final eight, and although there was no crowd on the stands in Lisbon, the tournament attracted massive attention from all those who like sports. Major football leagues managed to complete their campaigns, and new ones are about to get kicked-off in the month to come. We might see football fans on the stadium at the UEFA Super Cup, which can be a good sign that sports, and especially football, are on the right track of resisting the crisis caused by the Covid-19 virus. Thanks to continuous technology improvements, we can still bet from the comfort of our homes and wait for better times to go cheering our favorite club.

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