Betting has become a topic that since raised questions among many markets and consumers throughout the United States with regards to its legalisation in certain sectors and in differentiating forms of wagering, with sports betting being a particular favorite activity amongst many fans.
Despite many US states still holding firm with regards to the illegalization of sports betting, the United Kingdom has since taken a more lenient approach to the sports betting markets given that all forms of sports betting are legal for citizens of the appropriate age group.
As mentioned above, gambling in the UK is much more relaxed compared to the States, with the sporting sector being a particular favourite market and endeavour among fans of all major sporting leagues and events.
Given how relaxed the UK is when it comes to this sector, citizens can begin partaking in legalised forms of gambling from the age of 18, compared to the US’ preferable age of 21.
Gambling in the UK has been fully legal since 1960 where subsequently the UK has since allowed more casinos and sportsbooks to be added following the Gambling Act of 1968.
In the online sector, gambling became legal following the Gambling Act of 2005, which has since paved the way for more online casinos and sports applications to be used profusely by a number of UK audiences.
Sportsbooks remain a hot topic within the UK gambling scene as audiences still search for a reliable and preferrable sportsbook to bet and wager any earnings with.
While there has since been a wide range of available sportsbooks to choose from, perhaps one of the most popular to a number of audiences is 888 Sport, given that they have always proven to be very reliable and professional.
- US’ differentiating betting laws:
Considering how lenient and often detached most betting laws are in the UK, this is certainly not imitated for some of the US’ states
Betting laws in the US are often much more convoluted than the UK’s laws and are fully dependent on the state that an individual lives in.
Destinations such as Nevada and New Jersey offer near identical betting services to those available to UK citizens (given that such states use the gambling sector as a major source of income), yet neighbouring states and cities such as New York and Utah in particular will often restrict betting for certain markets or fully ban the use of any such wagering all together.
While restricting or all together banning gambling in certain states and major markets is often beneficial to help prevent any gambling addictions and neglect of income for individual consumers, banning these sorts of activities can also greatly affect both the gambling and sporting industry.
This is mainly because most gambling companies profit greatly from sports betting meaning they will likely struggle to provide future services in most major US markets, with New York being the country’s biggest, and also because without the use of sports gambling, most fans may not be fully aware or become disinterested in future events that could take place within their region, as well as taking away the thrill that sports gambling has provided for most leagues.
- UK and US betting odds:
Arguably the main differentiating factor between US and UK betting is the use of betting odds given that both countries have a major preference on the latest odds format that they wish to present on most sportsbooks.
The UK uses a format known as fractional odds and are mainly used by all UK bookmakers given that it is a format that has since become a staple in the country’s gambling industry.
They are shown in a mathematical format that mimics a fraction and are used to show the likely profit that can be gain from a buyout dependent on what the initial figure of money that is to be wagered.
In contrast, the US gambling industry and listed bookmakers will most likely use a format that is known as money line odds (also known as American odds) given that it is only mainly tailored to the country of origin.
They will often showcase a plus or minus mathematical symbol to reflect on who the underdogs and favourites are for any upcoming game/event.
The plus will reflect on who the underdog is with the negative sign resembling who the sportsbook has sighted as the favourite with the overall figure dependent on how favoured they are to the bookmaker.
Given how strict and contrasting the laws and methods surrounding the gambling industry is throughout the US, the UK certainly takes a much more laid-back approach for an industry that brings a multitude of income and interest to the sporting sector that has since elevated these factors to great interest for all appropriately aged UK citizens.
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