You could dissect the impact of the internet on a range of different professional sports. If we narrow the scope to American professional sports leagues like the NBA, NHL, and NFL, they have all changed similarly due to the internet. It’s not just the gambling markets that have experienced this immense change, but how we seek out highlights of our favorite games or connect with analysts and experts has also been subject to monumental advances.
Back in the 1990s, NHL highlight programs were specific to one or two TV channels, maybe a radio show or two. If you’re in Canada, highlights might have been more extensive via these mediums because of how popular the sport is, but nowadays, you can find extensive highlights of games within 24 hours of their completion. You can buy game passes, seek out YouTubers who love the NHL, and discuss it with fellow fans on social media. Basically, you can live and breathe the sport in a way that wasn’t possible just 20 years ago.
Gambling On The NHL?
Sports gambling has run with similar innovations and has impacted how people consume professional sports to such a degree that millions of people will seek out sports betting odds to explore how the bookmakers believe a game might pan out. Betting on hockey has become a market worth tens of millions of dollars. Canada and North America have both opened themselves up more and more to the idea that digital sports betting is a driving force that helps to sell the overall quality of the league, particularly on an international scale.
Suppose you’re looking to place on the winners of the Stanley Cup, individual MVP awards, or derivative in-game markets such as points over/under or the first player to get on the scoresheet. In that case, the internet has facilitated a way for you to place your wager in a way that previous generations couldn’t. Gambling on professional sports, particularly ice hockey, has proven to have incredible potential for betting companies. Now that these markets have been established for over ten years, the focus is on continuing to innovate so that they can carry on reaping the rewards of such a vast customer base with exciting, innovative, and more convenient ways to gamble, becoming more of a focus, such as using cryptocurrency as a payment method.
Although using Bitcoin, Ethereum, and other cryptocurrencies to gamble is a market that is still in its very primitive stages, many people are beginning to notice just how much potential there is. If you use cryptocurrency to bet on the NHL, you can connect your wallet directly to the operator without involving a bank; you can deposit your funds directly and with no issue. This is just one fun fact about crypto betting that is grabbing the attention of bettors. Still, it is one of many that is bringing in a growing audience, with many gambling analysts believing that this could be the fastest-growing area of the gambling market throughout the course of this decade.
Another big talking point about cryptocurrency betting revolves around those who question whether the security is equal to traditional online casinos. A cryptocurrency provider only needs your address, which is public anyway, so even if somebody hacks into their site, none of your information, such as your credit card, date of birth, or address, is stored.
So yes, it is also considered by many to be a more secure way to gamble on NHL games. The fact that cryptocurrency wouldn’t even exist without the internet highlights how it continues to drive innovation in ice hockey betting markets. Although media stories often try to besmirch the benefits of Bitcoin and other cryptocurrencies, many experts predict that the price of Bitcoin is set for an exponential rise over the next few years.
The True Impact
You would have had solid odds for the Golden Knights to win the Stanley Cup 2023. Still, with so many other markets to choose from, NHL fans will often seek advice and information from various sources, including YouTube analysts or internet forums.
It’s not just gambling markets that have been transformed forever, where bettors can place wagers on the move, on their mobile phone, or in the middle of a game. In addition, pre-game build-up and research have changed massively over the years, as has the way people predict and watch the draft unfold each year. There have been immeasurable changes in professional sports because of the internet – gambling has benefitted immensely.
Still, the truth is that it has had such a colossal impact on every level of our lives that the gambling industry has been able to use the platform and utilize it to its maximum potential. While it is true that it has changed it and added utterly new dimensions, hundreds of markets could boast the same advances thanks to the internet.