Britain’s betting history is one of the oldest in the world, and some of the earliest sportsbooks began in the 19th century. Britain also has some of the most advanced legislatures when it comes to gambling, and they even have an exchange where punters do not just place bets, but instead, they place wagers in a betting pool. This informative article is dedicated to discussing some of the most commonly asked questions about sports betting in Britain.
Which Sports Do People Bet on the Most?
The most popular sport which people bet on in Britain is football, and according to a study done by Statista, the annual turnover in the football betting industry is valued at £1.02 billion. What makes these numbers so high, is because betting is legal and there is strong legislature around it. The other good thing is that British people bet on both local and international matches.
The second most popular sport which people wager on is tennis. I know this might come as a shock to you, given that cricket is the national sport, yet it does not feature among the top two most popular games. This popularity in betting on tennis has been on the rise due to online betting and in-play options.
What Are the Regulation Standards When It Comes to Betting?
The UK Gambling Commission regulates all bricks-and-mortar establishments as well as online casinos. So, players are assured of their safety, as they frequent casinos or play online games. Also, many of the online gambling casinos are publicly traded companies on the London Stock Exchange. This ensures that due to regulatory and economic reasons, most betting companies must provide a secure, safe and fair gambling environment.
This is one of the many compelling reasons why most gambling companies in Britain can use all of the most popular payments methods such as MasterCard, Visa, PayPal, Neteller, Skrill and even Bitcoin.