Why is there sports betting?

An old saying goes, never ask “why”, just do it. No matter in which life situation you are, this saying certainly hits the nail on the head. If you permanently doubt all things and question them with a “why”, you lose quality of life and make yourself the servant of your own thoughts.

So why do sports betting exist? Why are sports bets good or bad? What is the point of betting tips? All these questions should not be asked at all, but simply enjoy the betting pleasure.

Why sports betting – we have nevertheless delved a little deeper into the matter below, because in fact you can illuminate the bookmaking craft from different sides. The question of why sports betting can of course also be answered quite simply -because betting fans want to rake in the richest possible profits.

The history of sports betting and its financial importance

history of sports betting

soccermakemoneyWho wants to recognize the importance of sports betting, must take a look at the history of the bookmaking trade. Today’s offers originated from the tips on the horse races. The chances of winning for the customers were only one side of the coin. The organizers were primarily interested in generating as much profit as possible for the benefit of the equestrian sport. The surpluses were invested in racecourses, animals and jockeys. This type of horse betting still exists today. Part of the bookmaker’s earnings goes into the so-called totalizer, which works like a fund. With the “surplus” money the horse sport is directly supported. At the same time, of course, the income at the racetrack is used to pay the not inconsiderable premiums.

With the classical sports betting providers, which are nowadays on the Internet, the profit optimization is of course in the first place. Nevertheless, the bookies have not discarded their integrity and tradition – on the contrary. Almost all top bookmakers are involved in the sponsorship sector. Benchmarks in this sector have certainly been set by the Austrian bookmaking dinosaur Bwin in recent years. The betting provider owes its success not least to its commitments with FC Bayern Munich, Real Madrid or Manchester United.

The fun of the game – that’s how it works

The fun

For betting customers, the fun of the game is of course the first priority. Those who are able to bet freely from the soul will follow the sporting events with a very special kick. What could be better than when your favorite team scores a success and at the same time your own betting account increases?

The important thing is that fun always comes first. Only those who really bet with free money and are not under financial pressure will be able to answer the question of why sports betting positively in the long term. Every customer should place bets according to the principle that he can lose his stake without getting into trouble because of it.