America is the land of opportunity, and while we’ve seen working professionals turn to the stock market for decades as a means of growing their portfolios and gaining financial security, there’s a new wave reaching the shores of America.
That wave is the investment opportunity created by a lively and extremely profitable sports betting industry. In 2019, licensed sportsbooks in American saw over $11 billion wagered, with $750 million retained by sportsbooks as revenue from lost wagers. This increase in spending has provided a significant boost for states benefiting from the tax revenue as a result of legalized sports betting.
For decades, sports betting has been a taboo subject in mainstream society, even though wagering on sports has been going on for hundreds of years unregulated. As more states begin regulating sports betting, major sports leagues have been pivoting from their long-held objection and are now actively participating in the industry.
Today, there are eighteen states representing a little over 30% of the U.S. population that now have regulated sports betting markets. Industry authorities expect that more than half of the states in the U.S. will offer legal sports betting in the coming years.
The stigma around sports betting is changing, while the value of education and consulting in the industry continues to rise. There is a place and a demand for industry professionals who are willing and able to educate, consult, and share valuable content focused on treating the industry like a business.
Sports Bet Expert, a worldwide leader in sports consulting and industry education, has been at the forefront of this change. Founder and President, Peter J. Anadio is a rare breed who was able to combine his passion for sports and betting into a successful business and tool. His global brand is helping thousands of sports enthusiasts profit from the trade and understand how to approach it like an investment.
“3% of sports bettors profit annually. If you want to win you need to take it serious. Put aside an amount of money you can afford to lose, be responsible, be patient, and treat it like an investment.”
Peter has been around sports betting for most of his life. His grandfather was a skilled horse handicapper who passed along his knowledge to Peter’s father, who is a solid sports handicapper himself. Eventually, Peter decided to throw his hat in the ring and begin betting on sports while he was a freshman at Florida Atlantic University.
“When I was in college I was working 90+ hours a week managing a gym. I wanted a side hustle to afford school and have some money to have fun with. So while I was at work, I was studying analytics, players, teams, and trends trying to gain an edge. I got so good at it, all the rich clientele at the gym were asking me for advice and picks.”
If you have ever placed a bet on a sporting event, you understand the thrill of needing that backdoor cover or that last second field goal to push the total over the number. It’s a rush unlike anything else, and it has created an entirely new way to engage and entertain sports fans who are watching the games.
There aren’t many sports fans who would want to watch a Wednesday night Mid-American college football game between Bowling Green and Eastern Michigan. However, throw some money on that spread and watch the T.V. ratings go up as fans stick around longer to see if their ticket cashes.
Viewership is stronger and fans will stick around longer when they have a betting interest in the game. It doesn’t matter if a team is favored by 28.5 points. If there are bets available to be made, people will bet and it will keep fans engaged.
Peter and his team at Sports Bet Expert understand this better than most. They work around the clock to provide their clients with the most valuable and timely information available. Their number one goal is to teach others how to be responsible bettors, and to educate them on proper betting practices.
“I started Sports Bet Expert not only because I had a skill of picking winners, but to change the stigma around the industry. The industry is grimy, slimy, and our profession of sports handicapping gets a bad rep. We aren’t a get rich quick scheme. Yeah, we can have big days and make people a lot of money any single day, but we can also lose. Patience is what we pride ourselves on. There is always tomorrow.”
Sportsbooks will offer odds, or lines, to set a perceived value on a particular outcome. After the lines are released to the public, the books will adjust the lines to reflect overall interest on one result over another. The adjustments create a very unique marketplace for sharp bettors, and work similarly to how stock market prices will fluctuate based on money in and money out.
According to the Gallup polling organization, ownership in the stock market peaked around 2002 when an estimated 67% of Americans owned stocks. The US Supreme Court struck down the Professional and Amateur Sports Protections Act in May of 2018, making it legal for states to offer regulated sports betting. By then, the number of Americans who had money in the stock market dropped to 48% (down 19% from 2002).
In a survey released by Bankrate.com, the most common reason for not getting involved in the stock market was lack of funds (53% of responses). The other major reasons included lack of knowledge (21%), mistrust in brokers and financial advisors (9%), and the belief that it is “too risky” (7%).
It is believed that nearly 25% of American’s had bet on sports in 2019, while involvement in the stock market continued to drop. The internet cannot be overlooked as a major player in the explosive growth of the sports betting industry, and its impact on society. Sportsbooks are finding innovative ways to attract bettors, with live betting options, bonuses, live streaming, even virtual sports betting－ the ability to place a live bet from your cell phone is just the tip of the iceberg.
“Everyone will be betting on sports soon. It’s so easily accessible and what’s not fun about throwing a few dollars on your favorite team to make it a little more exciting.
It is inevitable that the rise of the sports betting industry will bring with it change and opportunity. Anadio and his team have witnessed it all first hand, while gaining over 10 years of sports consulting experience along the way.
Sports Bet Expert has now helped over 25,000 clients in more than 180 countries worldwide. SBE understand’s the intricacies of the industry and are there to provide the insight, guidance, knowledge, and tools necessary to turn a profit betting on sports. It’s as simple as Manage, Win, Collect.
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Company name Sports Bet Expert Official
e-mail [email protected]
Concerned Person Name Peter Anadio
Company website www.thesportsbetexpert.com
Company Address 1209 Citrus Isle Fort Lauderdale FL 33315
Contact Number 9542326242