Sports betting business is booming in Asia

| September 15, 2019
Betting on horse racing and sports in Asia
Betting on sports such as horse racing is very popular in Asia.

It is certainly interesting to look at the gambling industry with respect to different territories around the world. After all, there are different rules and regulations regarding gambling and sports betting in different countries. You then have different betting markets as well. In this article, we are going to take a look at sports betting in Asia. It probably does not come as a surprise that Asia has the biggest gambling market in the world when you consider the fact that the continent’s inhabitants make up over 60 percent of the population. 

People in Asia have always been fond of betting and gambling. In fact, there are some records that show that people in Asia have been betting for at least the last 5,000 years in some way or another. Today, the size of the sports betting market in Asia is not the only thing that makes it unique; the size of the stakes stand out. A lot of gamblers in Asia have created blogs and e-stores relating to their efforts and interest. Lately, we have seen that there has been a lot of migrating from Magento to Shopify as the preferred platform for this. 

As there is a lot of interest in sports betting in Asia, a lot of bookmakers that are popular here provided greater betting options and odds than you will find in other continents. There is no denying that sports betting has become a key part of the culture in a lot of different countries across Asia, like Indonesia, the Philippines, China/Hong Kong, and Thailand. 

What about the different sports that people can bet on in Asia? You can expect all of the different sports that are popular around the world. This includes volleyball, handball, tennis, basketball, and football. There are also some sports that are specific to certain countries. For example, Muay Thai is very popular in Thailand. 

In terms of popular markets, it is fair to say that football and horse racing are two of the most popular. When it comes to football, bettors have the ability to place stakes on matches in different leagues across Europe. This includes lesser-known leagues, so there really is no shortage of options. 

In terms of horse racing, this has really taken off since the sport has become incredibly popular in Hong Kong. Horse racing has been going on in Hong Kong since 1841. However, the country is now getting worldwide recognition, with courses like Sha Tin and Happy Valley hosting some of the best events. The season lasts for most of the year as well. It starts in September and does not finish until July the following year. 

Hopefully, you now have a better understanding of the sports betting market in Asia. There is no denying that this is an area that is really booming and it is likely that it is only going to get more popular. This is good news for punters because it means that there is going to be more deals and options available to them.

Category: Betting

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