History of UK Sport Betting: On & Offline Betting
UK’s gambling is regulated by the Gambling Commission. The commission does the regulation on behalf of the Department of Culture, Media and Sports in the Government. With the development of the gambling industry in the UK, the commission is responsible for updating its gambling laws. A new structure was introduced to protect children and vulnerable adults. The structure included the internet gambling sector.
Betting Shops & Bookmakers
Betting shops started opening since mid of the 19th century. The betting shops opened during this time were dingy and people could only place their bets and leave. For a long time, people were not allowed to place wagers away from the racecourses legally. This did not stop betting shops from opening up in the streets. In 1853, a Betting Houses Act was passed and all these shops were closed through the act.
The 1960 act made it possible for off-course bookmarkers to be established. Horse betting at the time became a monopoly of The Tote. Currently, the online sports betting industry in the UK is believed to be worth about £650 million. An annual growth of 7% has been noted from 2009 to 2012. The betting population in the UK is roughly 2.1 million.
Loopholes in the gambling acts in the early 20th century seemed to allow anyone to open a casino where most of them became cover to commit other kinds of crime.
High Street Betting Shops
It is believed that the first high street betting shop was introduced in 1961. This happened after the law to legalize betting shops was passed. This was done to counter the many illegal betting shops that were rapidly mushrooming. There were more than 15,000 high street betting shops across the UK but the number has dropped over the years since the introduction of online betting. With the advancement of technology, it is clear that the high street betting shops do not have a place in the modern day betting. People prefer to bet from their PCs or mobile devices rather than driving to the nearest betting shop.
Casinos and Bingo Halls
The Betting and Gaming Act of 1960 permitted the setting up commercial bingo halls. The law stated that they were to be set up as members-only clubs and had to take their fees from the membership charges and not from the entry fees.
The casinos went through the same regulation. They were to be registered as member only clubs. The gambling machines in the casinos were to be 10 only. When you think that just a little over 20 years, the bingo industry has changed so muh - there are so many online bingo sites out there which rival their land based counterparts, offering free bingo, free bonuses and casino games (notably free spins or free rounds on popular online slot machines). It's really little wonder that online bingo overtook the popularity off land based bingo halls a long time ago when you look at what's on offer today!
Online Betting in The UK
Online betting has become popular because of the convenience, betting bonuses, prompt customer support, accurate odds and variety. The best uk sports betting sites allow you to bet at anytime, with flexible betting amounts and do so from your PC or mobile device, you have no reason not to go for the online British betting sites. On these sites, there are plenty of bonuses and promotions running from the time you sign up at the betting site which is a character you would hardly come across in a betting shop.
The odds are accurate and there are odds-makers who are skilled in this job. In many betting shops, the odds would easily be manipulated since you would hardly have other shops the compare the odds.
Ladbrokes is one of the oldest and top online betting shops in the UK. Ladbrokes has been in existence since 1800 but they started their online betting services in 2000. Ladbrokes does not only offer their services in the UK but to other countries in the world including Italy and China. With Ladbrokes, you can enjoy quality bets on horse racing, greyhound racing, soccer matches, tennis and golf among others.
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