Cricket has always been an important game around the world and enjoys the second most popular spot amongst all sports. The magnitude of its fandom has also paved the way for money-making from the matches with predictions and betting.
There are different ways of gambling in a cricket match, like contacting sports bookers, intermediaries, and choosing online mediums. Due to several reasons, betting has become insanely famous in the cricket industry, listed as follows:
An easy way to make extra money
According to a survey report by the Doha based organization, International Centre for Sports Security, about 1 billion dollars can be earned as a consolidated revenue by bettors around the world in a series of 5 ODIs.
As the internet has gained prominence, online betting has also made the entire process very easy, and one can make quick cash by placing bids on their desired teams. The ease of earning money with bidding is the prime reason which draws the millennials into the betting industry.
Increase in online platforms of betting
While cricket betting is banned in several countries, the online platform has globalized the community of bettors. By using a VPN (from a restricted network area), you can connect with the online betting sites and place your bets.
The online betting system is more natural and provides fair opportunities for everyone. It can also be accessed from all corners of the world so that you can maintain and enhance your statistics of betting, irrespective of your physical location. With the advent of platforms like cric (10 Cric), the modes of payment have become digitally secure, leading to an increase in cricket betting.
Growth in the gambling market
As the economy is increasingly getting unstable, everyone is looking for opportunities to invest in steady markets. The cricket gambling industry has only seen a boost and is perhaps the safest to play bids on.
The revenue generation of the gambling market has increased exponentially over the years, almost three times what it was ten years back. Today, the whole market is worth 150 billion dollars approximately, and it continues to attract the attention of the younger generation.
Simple working mechanism
The main reason accounting for the popularity of cricket betting is that it is effortless and easy to carry out. If you have been winning at a stretch, then you will want to continue the streak, and upon loss, you will play again for the victory.
This is a continuous cycle of the game which can be leveraged with little concentration and understanding of cricket. You can practice online for excelling in the art of betting and use your experience to win.
An activity for the leisure time
Playing or watching cricket is a major recreational activity for many people. When a high-intensity game is going on, most people prefer taking a day off and watch the match.
In this leisure time, cricket betting helps you to earn extra money with negligible effort. You also show your support towards your favorite team by betting on their winning probabilities.