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The Future of Basketball Sports Betting and What it Entails

Four Brooklyn Nets players have tested positive to the pandemic that’s plaguing the world, the coronavirus. Among such players is Kevin Durant, who is considered as one of the crowd favorites of the basketball team. 

As stated by the Athletic, Durant said, “Everyone be careful, take care of yourself and quarantine. We’re going to get through this.” 

With the spread of the virus, many sports events have been cancelled for safety and health precautions. It, in turn, affected the sports betting industry, which had thrived in popular forms of betting such as that of basketball. 

NBA betting is considered to be one of the best sports for placing bets. Its future is promising since it is an adored sport around the world. Many people also support each of their preferred teams, and as with all other games, it can also get quite competitive. 

Before, basketball sports betting was not acknowledged. But with recent changes to laws in various countries, such as the US and the UK. It has thus been accumulating in popularity. According to a previous interview with ESPN’s Adrian Wojnarowski last 2019:  

“Adam Silver has done a 180 on gambling in the NBA. David Stern, in his era, was adamantly against really having any kind of a gambling influence around the league. That’s changed. You see the league doing marketing deals with gambling in mind. And as state laws change, that certainly impacts it.”

Wojnarowski understood the relevance of NBA betting back then and looking at it now, this type of sports betting has come a very long way. With outstanding basketball players such as LeBron James, Stephen Curry, and Michael Jordan, bettors have a lot of teams to consider. Aside from supporting them also, with sports betting, they can even earn a profit. It is also as exciting if you log in to credible betting sites who have reliable services and bonus offers

So, what is the future of basketball sports betting with the ongoing pandemic?

Multiple basketball events have been cancelled, from March Madness to the uncertainty of the NBA regular season, bettors are wondering about what will happen to their wagers. 

According to TheLines.com, who asked major sportsbooks about their contingency plans because of the recent events, many of them have stated that they are still evaluating and planning what actions to take. Fanduel Sportsbook and Pointsbet have confirmed that they are still in speculation since it is something that has never occurred before. 

Basketball sports betting may have an uncertain future right now with bettors not knowing how to make use of their bets and sports bonuses. But, many countries have proven to be resilient and are doing their best in trying to help the gambling industry.

In the UK, for example, the Betting and Gaming Council has been given a financial package as announced by the government. They had previously asked assistance from the government to help save thousands of jobs across the said industry. 

Michael Dugher, the BGC chief executive, stated, “We urgently need temporary government support to help cover payroll costs, relief and time to pay duties and taxes, as well as access to finance. The Treasury, in particular, needs to step up and understand that insurance simply doesn’t cover the impact of a pandemic.”

Thus, the government, in turn, gave the said financial support, but BGC is still cautious because they need certain clarifications.

“We welcome the chancellor’s package of support for businesses in the leisure and hospitality industry, which helps address some of our concerns, but we will study the details and will be seeking urgent clarity on the measures.

The virus might have stopped some sports events, but there is still hope for the gambling industry. You can still wager on online betting sites and get sports betting bonuses. Register with our partner VOdds today!

Posted in NBA.

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