Never miss a story

Get subscribed to our newsletter


×
Photo by Vienna Reyes on https://unsplash.com/photos/Zs_o1IjVPt4

Sports like football, tennis, horse racing, golf, cricket, basketball, dart, and baseball stopped due to covid-19, thus greatly affecting the income of betting.

By- Erik Schmidt

Many industries have been shut down to the global covid-19 pandemic; betting is one of the most affected industries.


By August of last year, most betting shops were closed due to the lockdown issued by the government worldwide. It was announced recently that the pre-tax profits fell by 91% and the betting operators are facing great struggles due to this pandemic.

Follow NewsGram on Twitter to stay updated about the World news.

One of the great things betting industries have accomplished during this pandemic is changing betting from land-based to digital wagering. Online betting has offered better odds and features to the modern bettor and has given betting industries good profits. How does this affect betting shops? Will they stand a chance is of surviving during this pandemic? Should they give way to online betting to take over?

Betting future

You have to check on online betting websites and windows of land-based bettors to understand how much they depend on professional sporting events. Sports like football, tennis, horse racing, golf, cricket, basketball, dart, and baseball stopped due to covid-19, thus greatly affecting the income of betting.

Brick and Mortar casinos are also remained closed due to this pandemic and it's also not easy to being back bettors to a land-based casino because of all the regulations that have to be followed. The online casino did not greatly suffer during this pandemic compared to the land-based casino. They saw an increase since most bettors used online casinos. To understand how massive the online betting industry has become, Wetten.com explains more. But the question is, what is the future of the betting industry post-covid-19?

The future looks bright in sports betting; some major events such as the PGA tour and English premier league have resumed despite the outbreak of covid-19. The events are taking place, although the fans are not allowed inside the venue; they have allowed online and offline bookmakers to accept bets.

There is a possibility of a second outbreak of this pandemic. So the betting industry should be ready for anything because there is a possibility of sports events being discontinued in the future. It is worth introducing casino games and eSports to online bookmakers that don't offer these services. It's a good time for land-based bookmakers to offer online sports betting as they can be asked to close again in the future.

Also Read: Why Is Online Betting So Popular In India?

Online casinos have the chance to operate despite the lockdown situation. But they can also suffer a loss since most people are out of work and can't spend their money on entertainment. Betting is always resilient, even in worse financial status, but there is no assurance that the trend continues since the world is dealing with something that has never occurred before.

The betting industry, just like any other great industry, must consider taking things step by step. Hopefully, things will get back to normal if the pandemic improves. Still, if it is the opposite, online betting websites must be ready with other alternatives for sports betting, just like casino games.

How can betting shops stay in business?

There are two things betting operators have to do to stay afloat. The first one is changing into the digital side, for that is the only option they have. Despite them changing to the digital side, they also have to find ways to help their customers switch over to mobile betting.

Operators should also create an exclusive privilege for VIP players by sectioning their shops where the VIP players can sit and enjoy extra perks. By practicing these two things, the chances of survival for the betting industry will increase.

Entrance to building Always decontaminate the building.Photo by Omar Rodriguez on https://unsplash.com/photos/XYuNwlYtfLI

Practices to use to maintain the betting shops.

Change the payment methods by avoiding cash, instead let the clients use banking methods, credit cards and PayPal to reduce contact with clients.

Make sure players have a proper social distance.

Ensure players spend time in one sector, and this is possible by offering games that don't require movement within the building.

Always decontaminate the building.

How will Virtual Reality Technology help the betting industry?

Gaming machines are the best to make sure that your betting business success. Terminals used in the Virtual Reality Tech allow players to enjoy slots and virtual sports using the same machine. Players feel more secure being able to bet on every game on the same device. With one machine only being used, it reduces contamination since the machine will be contaminated between players.

Conclusion

It's been a whole year since the pandemic began and though it's not over yet, things will get back to normal. The betting industry is not a stranger to the problems caused by the pandemic. The online betting industry is still operating and has also grown, but the retail sector has gone through economic losses. The retail sector can survive the pandemic by following the above measures.


Disclaimer: (This article is sponsored and includes some commercial links)


Popular

wikipedia

Antiques to enhance and magnify a place with timeless beauty.

The catalogue for the next auction, which includes over 150 pieces, has been meticulously handpicked to bring together an extraordinary collection of decorative collectibles from 19th and 20th century India, China, Japan, France, Italy, and the United Kingdom. The auction features pottery, furniture, crystal chandeliers, silverware, Persian carpets, vintage clocks, and many more collectibles as a testament to the rich design aesthetics and traditions of these various countries.

Sunny Chandiramani, Vice President, Client Relations, AstaGuru Auction House The success of our first Opulent Collectibles auction was a testimony to the attraction of fine antique decor items. |WikipediaWikipedia

Keep Reading Show less
IANS

iPadOS 15 is Helping Millions Of Kids, Professionals Navigate Covid

As millions of students and professionals globally, including India, go back to learning and work from home amid the Covid wave triggered by the Omicron variant, the focus is back on devices that can boost their productivity and creativity at home and help them sail through the period. The all-new iPadOS 15 has brought in some fresh features to help kids navigate the crisis.

Take advantage of Quick Note, a fast and easy way to take notes anywhere outside the app, and you can even add links from apps and websites to provide context. You can simply start one by swiping up from the bottom right corner of the display. In iPadOS 15.2, you can also access Quick Note with a swipe from the lower left or lower right corner of the screen.

Keep Reading Show less
Unsplash

For the first time in independent India, now a postgraduate course in Hindu Dharma is included at the Benares Hindu University.

By Maria Wirth

Things are finally changing for the better for Hindu Dharma. For too long, many educated Indians, including the first Prime Minister Jawahar Nehru, had accepted the biased view of the British that Hinduism is inferior to the Abrahamic religions, without realizing, that this was a clever strategy to hide the fact that Christianity and Islam are based on a ‘must-belief’ story and Hinduism in contrast, is based on verifiable insights of the Vedas and a genuine enquiry into the truth.

For the first time in independent India, now a postgraduate course in Hindu Dharma is included at the Benares Hindu University. It reminded me that already almost one year ago, a centre to study the practice and philosophy of Nath Panth was established at Deen Dayal Upadhyaya Gorakhpur University by Yogi Adityanath, who himself is a Nath Yogi and the Mahant of Gorakhpur Mutt, apart from being the Chief Minister of Uttar Pradesh. A conference was held in March 2021, to which I contributed the following thoughts:

Keep reading... Show less