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▷ Evolution of Bookmakers and Current Situation

How have the betting houses evolved?

What are the origins of sportsbooks?

I want to know more about E-Sports.

How to know if an online betting house is legal?

evolution of sports betting

History of betting houses

Bookmakers are enjoying unprecedented success. Its popularity continues to increase, partly due to technological advances.

In this article we talk about the evolution of betting sites from its beginnings to the present.

We also share your children with you requirements for a betting house to be legal and reliableand what to consider.

The evolution of bookmakers spans a very extensive timeline. Below, we share some key moments in its history:

Origin of betting houses

To talk about the first betting houses as we know them today, we have to go back to the United Kingdom in the 18th century. However, historians point out that betting has been around for thousands of years. For example, in the Ancient Greece has already opted for the Olympic Games.

Without embargo, the big time for bookmakers would arrive, as we have pointed out, in the 18th century United Kingdom dio paso entonces a las betting on horse racinga discipline that continues to enjoy great popularity in this country in the present.

first sports bets with horses

The horse races were later added greyhound racing and, progressively, other different disciplines. Little by little the success of bookmakers in the United Kingdom will cross borders. Thus, they gained a presence in other European countries and the United States from the 19th century.

Part of the success of bookmakers would be based on their diversification. To the possibility of betting on traditional sports, the option of betting on political elections and other entertainment events would soon be added.

Technological advances of the 90s

One of the big hits of the late 20th century was surgery and the democratization of the Internet. Thanks to this advance, bookmakers will begin to offer the possibility of making online betting through their web pages.

This big step took place in betting sites of the United States and Canada, but it would soon become a global phenomenon. Thus, betting portals became, in a very short time, more accessible places than ever.

smartphone leisure or addiction

With the surgery of smartphones and tablets, bet on becoming an activity that could – and can be – exercised from anywhere, at any time of the day. Since then, physical and online bookmakers have begun to coexist in everyday life.

Bookmakers today

While traditional brick-and-mortar bookmakers are still doing well, online bookmakers are currently enjoying superior success.

Today, most bookmakers have a web and app version. Considering that a large percentage of the population has a computer and mobile phone with an Internet connection, it is not surprising that online gaming has become popular.

In Spain, the online game is able to raise 815.30 million euros in 2021, a number that is expected to increase despite the changes in sponsorship and advertising regulations. Spanish players tend to prefer betting more than casino games, such as slots or poker.

The success of E-Sports

Another of the elements that technology has added to the world of betting are video game competitions or eSports.

This category is growing exponentially, generating a great positive economic impact in the sports betting sector.

Some of the top grossing games son:

  • League of Legends (LoL)
  • dota 2
  • Overwatch
  • Counter-Strike: Global Offensive (CS:GO)

Legal situation of the game in Spain

In Spain, both casinos and bookmakers operate under strict regulations. The Directorate General of Gaming Regulation (DGOJ) is the entity charged with regulating its activity.

In order to operate legally, both online casinos and bookmakers must comply with a series of measures that we will follow below:

Requirements for a legal bookmaker:

Below we list the characteristics that any online casino or bookmaker must meet to operate legally in Spanish territory:

  • Be registered and authorized by the DGOJ.
  • Offers protection measures to players, ranging from self-exclusion to access to game control tools
  • Have secure platforms, you will see web pages or applications for mobile devices
  • Guarantee the confidentiality of your customers
  • It offers clear and explicit terms and conditions

If you want to know more about this topic, visit our article on bookmaker jurisdiction and legality.

legal framework in Mexico for online casino and sports betting

How to avoid a bad experience in online betting houses

If reading the story that is among the betting houses has made you want to gamble, below we share with you some recommendations that you should consider.

  1. Only access portals regulated by the DGOJ
  2. Set a game budget before you start betting and you never beat it.
  3. Study well the sporting events before betting on them and remember that chance is a component

As you can see, sports betting has accompanied man for thousands of years. Thanks to technology, today they are more accessible and comfortable than ever.

Don’t forget to play responsibly to enjoy the best experience.

You can see other articles similar to The Evolution of the Bookmakers and Current Situation in the section Tricks to win money

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