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The Effects of the Pandemic in the Online Sports Betting Industry

The Effects of the Pandemic in the Online Sports Betting Industry

Last updated on January 6th, 2022


It is undeniable that the past few months have taken a toll on the gambling and betting industry. Because of the outbreak, many gambling venues were forced to close. Thus, resulting in a huge drop in betting and wagers. But one notable fact that can be seen from these changes is with the online sports betting industry.

 

COVID and Gambling

Courtesy of Online Gambling Quarterly Magazine

 

According to several reports, there has been a rise in some fields of online gambling. As shown in the graph above, although the betting revenues have dropped, the crisis will lead to an increase in profits for the online sports betting industry. Research has also shown that the global health crisis has paved the way for migration from offline to online gambling.

 

Young Punters

 

Courtesy of Move Your Money

 

The Convenience of a Sportsbooks Aggregator

 

With many opting to gamble online, one tedious task punters often find frustrating is when they have to have multiple accounts in several betting sites for their wagers. To eliminate this time-consuming task, a sportsbook broker aggregator can help you out. They will collect odds from their partnered sportsbooks so you won’t have to create accounts for many bookies just to look for the best odds that will give you better profits. Aside from that, they can also allow you to place your bets through their platform. You can say that it is a convenient way of betting. Other benefits include:

 

  • They provide advanced betting features you don’t normally find on betting websites. Some make use of API, giving you access to various bookies around the world or provide you with faster withdrawals, among other things.
  • They offer many bonuses, promotions, and other rewards. These exclusive deals are one of the things that most punters look for. They can often be generous, more so when you are a new user. It’s also particularly exciting when huge sports events come up because this is when they give out the best deals.
  • They have many payment options. Most sportsbooks aggregators will provide you with various payment options aside from the usual bank wire payment. You have cryptocurrency, e-wallets, and more.

 

If you are looking for a trusted and reliable sportsbook aggregator, VOdds, an online betting platform is a perfect choice. We can help you get the most exciting deals for your wagers. So, register with us now!

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MARCH MADNESS T&C

HOW TO JOIN

  1. Participants should have an active social media account. Social media platforms included in this program are as follows:
    1. Twitter
    2. Instagram
    3. VK
  2. To qualify, you must follow the mechanics required in ANY of these platforms:
    1. Twitter
      1. Participants must follow Vodds’ official Twitter account
      2. Like the tweet related to March Madness
      3. Quote retweet post with answer and hashtags #VOdds #marchmadness
    2. Instagram
      1. Participants must follow Vodds’ official Instagram account
      2. Like the post related to March Madness
      3. Share the post on story with answer and hashtags #VOdds #marchmadness
      4. Mention/Tag @vodds_official on your story
    3. VK
      1. Participants must follow Vodds’ official VK account
      2. Like the post related to March Madness
      3. Share the post on your profile with answer and hashtags #VOdds #marchmadness
  3. Other requirements:
    1. Shared posts (excluding stories) should not be deleted until the end of the campaign
    2. Social media accounts should be in public for post verification
  4. Winner selection
    1. Announcement of winners will be at 2 PM GMT+8
    2. There will be daily and grand prizes at the end of the campaign
    3. Daily winners will be draw randomly using https://wheelofnames.com/
    4. Participants can join as many times as they want but only 1 entry per day
    5. Entries accumulated during the campaign will be added and draw at the end of the campaign for the Grand Prize
    6. Confirmed winners will be contacted and will be requested to provide the ff.
      1. Full Name
      2. Email Address
      3. Mobile Number
      4. Country
      5. Payment Method (please see the list of available payment channels here)
  5. Prizes & Withdrawal guidelines
    1. 3 random winners will win 10 USD on daily games
    2. 3 random winners will win 50 USD on the final four stage
    3. A total of 200 USD will be awarded at the end of the campaign to the grand prize winner.
    4. Prizes will be added to your VOdds account and can be withdrawn after completing of the turnover requirements
  6. Other terms & conditions
    1. This offer is valid to new customers of VOdds and existing users who have not previously deposited and can be availed from the period of March 9 – April 5, 2022 only.
    2. You must have settled bets of up to 5X of the prize before your winnings and prizes become withdrawable.
    3. Prize will be converted to your VOdds account currency using xe.com rate.
    4. This offer only applies to bets placed via VOdds website. Bets that are placed using our API will not qualify for this offer.
    5. Bets placed on Positional Orders will not qualify.
    6. If the requirements for this offer have not been met within 30 days from your first deposit, the promotion will expire.
    7. All qualifying bets must be settled before the promotion’s expiry.
    8. If you cancel your bonus after you enter the promotion or before you complete the requirements, the offer shall be forfeited.
    9. This offer cannot be used in conjunction with any other offers. You can only have one active bonus at a time. VOdds reserves the right to limit the eligibility or cancel any offer to any customer.
    10. This offer is strictly limited to one per person, family, household address, email address, telephone number, same payment account number (e.g. SKRILL, NETELLER, etc), and shared computer (e.g. public library or workplace).
    11. In case of canceled, voided, rejected, or non-runner bets, stakes will be put back into the original wallets and wagering progress is reverted.
    12. If any terms of the offer are breached (or there is any evidence of multiple bets placed by a customer from any other promotional offer resulting in guaranteed customer profits regardless of the outcome), VOdds reserves the right to reclaim the bonus or void any bets funded by the promotion.
    13. These terms and conditions operate in conjunction with VOdds’ General Terms and Conditions.