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Coronavirus Cripples Sports Betting Industry: What You Need To Know

Due to the recent pandemic caused by the COVID-19 or popularly known as the Coronavirus, the world of sports betting is now suffering a crippling effect. 

The cancellation of March Madness and the suspension of the NBA and NHL season have left the industry in a bad shape.

In fact, “more than £2 billion was wiped off the value of Britain’s biggest bookmakers as a wave of sporting events were canceled or postponed in an effort to stop the spread of coronavirus” according to This is Money.

In relation to the cancellation and suspension of major sporting events, the Grand National Festival (Horse Racing) to be held on April 2-4 has been canceled as the UK government believes that it is no longer appropriate and safe to stage the event at the time of writing.

According to an official report from BBC Sports, senior steward Sandy Dudgeon stated, “I know this is hugely disappointing news for the many people who work in our sport and the many millions who were looking forward to this year’s event, but very sadly these are exceptional times and this is the responsible thing to do.”

Furthermore, the virus is not only affecting publicly-traded UK sports bookmakers. In fact, even the online gambling industry did not manage to escape the selloff.

Some of the biggest sports events that were called off because of the coronavirus are the following:

  • The NCAA Tournament
  • The Major League Baseball
  • The National Hockey League
  • The Australian Grand Prix

There is also a big possibility that the Premiere League will be canceled due to the virus.

Here are some at-risk sports events:

  • Europe’s Strongest Man 2020
  • The London Marathon 2020
  • F.A. Cup Semi-Final 2020
  • Perth Festival 2020

While things may not be that bright for Asian bookmakers today, gambling while the coronavirus is active is still possible. Instead of visiting land-based bookmakers, get into online gambling instead.

If you’re not familiar with the ins and outs of online sports betting, here are some tips to help you start it the right way.

Learn the Basics

Online sports betting is easy, but don’t get too excited. As a tenderfoot, it is advisable for you to learn all the necessary processes before you start placing wagers.

Being aware of the online system will put you in a better position. Don’t forget that the goal is to make a profit. That is why it is vital to avoid risks.

Use Some Online Betting Strategies

Do your homework and capitalize on effective sports betting strategies that you can use online. Aside from getting a wider range of sports betting online, you can also find beneficial tactics that you can add or apply to your current betting strategy.

Take Your Time

Since online betting is considered as one of the most convenient ways to get into sports gambling, you should take your time to become familiar with it.

While there isn’t much of a difference when it comes to the rules and regulations, performing online betting with the use of technology can be challenging for bettors who prefer the thrill of public sports trading.

Above all, while the future is still not clear for both sports events and bettors due to the pandemic, online sports betting can still offer you a wide range of options. There are still some sporting events that are happening despite the current situation that the world is facing. 

If you love sports gambling that much, finding a reliable online sports bookmaker should be your first priority. 

And if you’re currently searching for one today, don’t miss the chance to register in our trusted online sports betting partner VOdds.

Posted in NBA.

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