History of Online Sports Betting
Online malaysia sports betting began shortly after the early online casinos. The first site was Intertops in 1996 and others soon followed. The placing of wagers on sporting events over the internet was very popular with gamblers all around the world and the industry took off in a big way. A number of new companies were formed to enter the market and most existing bookmakers opened up web based operations to complement their existing businesses.
As with malaysia online casino, things were very competitive. Betting sites also offered generous bonuses and free bets to new customers as a way to attract more bettors. A number of other promotions were introduced too as sites tried to stand out from their competitors. Things like enhanced odds and cash back offers became commonplace and the range of different wagers that were available greatly increased too.
In 2000 a new betting site called Betfair opened up. Unlike all the other betting sites at the time, Betfair did not take bets from customers itself, but instead allowed customers to place bets between themselves. Peer to peer betting was incredibly popular almost immediately, and remains so to this day. It became known as exchange betting and several other companies subsequently launched similar sites, although Betfair dominated this particular market.
Live betting was introduced for the first time in 2002, allowing bettors to place wagers on a sporting event while it was taking place. This was another major development and also an instant success. The vast majority of betting sites went on to offer a live betting service, and these days you can bet on a massive range of sporting events while watching the action. Mobile malaysia online betting is also available at most of the big sites too, making it possible to place wagers using a phone, tablet, or other mobile device.
Placing wagers online is easy and convenient and offers many other advantages over more traditional betting. These traditional forms of betting haven’t disappeared completely, and probably never will, but using betting sites is certainly the preferred option for many.
