After the historic win of Barcelona on UEFA CHAMPIONSHIP football, things become creamier for the Football Lover all over the world. The tournament has now become more thrilling for the betting platforms and also for the coffee Shop owners!
It is obvious that the team like Barcelona FC is always a great provocation on a tournament for both players and spectators. Couple of weeks ago when Barcelona defeated Paris SG, it made a history. It gave the tournament a vive that could be lost if Barcelona wouldn’t be in the quarter final. And people now are looking forward to see where this magic ends.
There is a completely opposite thing that is related to football nowadays. Betting! Betting is extremely popular in this current world of sports especially in football.
So people around the betting world are now very excited about forthcoming matches of the most influential league in the world of club football. It is very beneficial and obsessive thing to do. It takes the football lover to another level where one can relate the game with his financial purpose.
Published on BBC NEWS, an article says, the current estimations, which include both the illegal markets and the legal markets, suggest the sports match-betting industry is worth anywhere between $700bn and $1tn (£435bn to £625bn) a year according to Sportradar.
Licensed bookies offer upwards of 200 different markets on betting odds for football around the globe. People can bet on the first and last goalscorer, the correct score, the half-time score, number of goals, whether there will be a sending-off, a hat-trick, penalty or the amount of corners.
The situation and acceptance was not same as now for betting or we say gambling. That was a time when betting was considered as social scar and threat but now becomes an essential part of all sorts of sports and of course legally. Government, Media and majority of the society embraces this as a part of their life. So what actually brought a huge diversity in the history of betting? Let’s put a glance on it.
In early 20th century in couple of countries betting was related with two games, Horse racing mainly and also Greyhound Racing. These two games had official options of gambling in the field. Horse Racing had a big opportunity for betting. Wagers on these events were housed at the racing tracks. There were also some betting shops around the country.
Those shops were not welcoming place. These places were considered bad place to normal people. These places resembled the rougher pubs of the area. Men were regular to those places and women seldom dared enter.
There they had to pay tax on every bet struck. Gradually things got improved – shop televisions were introduced in 1987, Sunday and evening opening kicked-off in the first half of the 1990’s.
WHEN COFFEE HOUSES STRICKED:
To spread the betting, coffee houses and pubs played a vital role. As they do nowadays. Betting started to be available in coffee shops when betting houses got uprooted gradually losing their demands (though it has been established again nowadays).
People regularly going to these shops, tried their luck. And in that way it started spreading as a regular phenomenon of modern life.
For Football though, that was an afterthought when it came to betting. On those simple times when the trade betting paper, the Racing Post, was launched in 1986 they ran with just three pages on sport outside horses and greyhounds.
SATELLITE TV GIVING A NEW LIFE TO BETTING:
Back in 1992 satellite television channel Sky Sports bought the rights to England’s top division football league. They only had rights to broadcast a live league game most weekends during the season. Sky were planning to transmit one every Sunday and one every Monday. And these live games were the real tramp card for betting companies to promote football betting, so this increase was most welcome.
Initially though, the bookmaking industry were slow to react to this surge of interest in football.
The industry had a big question on how people could bet on football. New football coupons and marketing material were stored in betting shops.
If someone wanted to place a bet on just one team, then the team had to be playing live on TV for his bet to be accepted. Bets placed on non- live games were not accepted.
This was known as the minimum trebles rule. Things were changing though, in the mid-90’s in-running betting was launched, this allowed bettors to bet on a live TV game as it was happening.
One of the most influential events on the history of betting was to free the tax imposed on betting in 2001. This directly effects on the betting all over the Europe.
INTERNET AND BETTING:
World of Internet embraced the betting world completely in 21st century. This took betting world to a new outstanding level. Big names like Paddy Power, Bet fair, Bet365 and Sky bet gave a new platform for betting and world got connected for the sake of gambling.
Later invention of smart devices had made the way easier for the people on gambling especially in football. Football the most popular game in the universe maximized the popularity of betting. The most widespread game in the world spread the betting most.
Football betting has got smart too. Many bettors use stats and data to frame their wagers.
As well as becoming a socially acceptable strand of entertainment, betting on football is also a true battle of wits between bookmaker and customer. So this was the history before this modern world of betting odds for football.