8 Common Sports Betting Mistakes You Need to Avoid – European Gaming Industry News





The iGaming Industry in the UK
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Betting is difficult. There can be a lot going on with conflicting tips and strategies, but ultimately, we need to always get our basics right. With the help of https://match.center/ie/best-betting-sites/ we will look at the 8 biggest mistakes that are made in sports betting. Here’s how to avoid them:
Chasing losses is the worst mistake to make when betting. It’s a natural thing, too, because we all become more risk-taking when losing. “Who cares if I lose this last fiver, I’ve already lost 20 today” and then proceeds to place a reckless, high odds bet in an attempt to get their losings back. Learn how to accept a loss and call it a day.
Remembering how the games have gone recently is a little bit like having your own place of research. If a team always loses their lead towards the end of the game, you need to remember that as it may be a wise move to cash out next time – or bet against them in real-time when the odds are preferable.
Having no bankroll strategy is a recipe for disaster. Without mental limits of how much you can bet and deposit each week, you’re prone to overspending. This also allows you to not blow your budget on one bet, and instead place more proportionately reasonable stakes.
Placing a bet without any research is known as betting blind. Gut feeling can be a very real thing, but it’s important to see if the data backs up your gut feeling. Otherwise, you’re just playing a metaphorical game of roulette but with real events.
Bookies enjoy people making large accumulator bets, because it’s easy money for them.  They’re fun because they let us dream, but they shouldn’t be taken seriously. Perhaps a very small amount of your bankroll can be placed on these, or just forget them altogether. They shouldn’t be core to your strategy.
It’s guaranteed that if we bet on, say, football, it’s because we watch football. And if we watch it, we likely have a team we support. This is an issue, because it introduces biases. Some people back their team with money because they want them to win, but they’re not objective about their chances.
It’s common to have a bet you do each week that doesn’t change. For example, picking four games that will be both teams to score each weekend in the Premier League. In the investment world, this is known as a lack of diversification – it’s important to try out different strategies.
It’s important to only bet when you see a bet you like. People lose money when they routinely bet at the same time each week, and will find something (really, anything) to bet on in that moment even if they’re not convinced themselves. It’s better to make several bets and then take a break than to routinely put money down for the sake of it.
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The online casino has become an integral part of the UK, with idea of remote wagering/online casinos becoming a popular form of gambling. With the rise of mobile app and 3G, it’s never been easier to sign up to an online casino and claim the free spins no deposit bonus that they offer.
Remember you need to be 18+ to gamble within the UK and please feel free to visit BeGambleAware.org  for information on how to gamble safely.
What is iGaming?
We can define iGaming as any form of wagering done online on a game or an event. iGaming covers sports betting events, online slots and casinos, poker, and eSports.
From 2020 to 2021, the online gambling industry yielded 6.85 billion in Great Britain, whereas in the previous year it yielded 5.79 billion pounds. The UK’s iGaming industry is part of a global network that is worth a staggering $565 billion, according to research firm Technavio.
iGaming hasn’t always been legal in some countries, with gambling in general still banned in countries like the UAE, Singapore, Japan and many more.
The History of iGaming
iGaming has a rich history spanning nearly 30 years. In 1994, Microgaming established the first computer programs for online casinos, and the first iGaming website was developed, which in turn allowed for its presence in the UK. In 1996, the Kahnawake Gaming Commission was established to regulate online gambling all over the world. By the end of the decade, online gaming was beginning to soar, with an estimated revenue of £830 million within in the industry. The UK also launched its first online betting service in 1998 with William Hill.
By 2005, the Gambling Act was created, which allowed casinos in the UK to be advertised and made gambling legal (as long as it was monitored).
Of course, fast forward to 2022, we have big iGaming companies such Intouch Games, William Hill and Mr Green who have paved the way for the rise in online gambling in the UK.
Land Based vs Online Casino
The brick-and-mortar casino brings its own value to the table. With a bustling community of fellow players housed under one roof, a real tangible experience, and the glamourous hospitality of a casino, it’s tough for online gaming to compete with. However, online casinos have made it a point to offer more than just the gaming experience.
As technology improves, so does mobile gaming. With more people having access to smartphones, the shift to mobile gaming seems inevitable. In 2008, Apple launched its App Store and by 2020, a huge £1.5 billion was spent on mobile games by UK consumers. Furthermore, technologies such as HTML5 has made mobile games faster, cleaner, and easier to create for a highly optimized game play.
Online slots have also progressed with its graphics and themes. It’s not just a replica of classic fruit machine slots that cover the pages of online casinos. You’ll find many games with Egyptian, Irish or horror themes for a fun game play, as well as different soundtracks, gameplay, and images.
Specifically with online casinos, bonuses and rewards are one of the key factors to consumers playing online slots. Most online casinos will offer a bonus for signing up or even just playing regularly.
The Future of iGaming
The online gambling market in the United Kingdom is predicted to expand by more than $80 million by 2024. Although there may be obstacles and hurdles to pass, it seems that the iGaming industry will be a booming one.
The growth of cryptocurrency being used for online transaction, or the increase of Augmented and Virtual Reality could shift the paradigm of the iGaming industry. The advancement of technology could mean spending virtual money in a virtual casino.
Now that’s a thought to be left with when thinking about the future of the iGaming industry.
 
 
 
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QTech Games, the number-one games distributor across Asia and all emerging markets, has penned its latest top-tier provider partnership with BETER Live, allowing its platform clients to access another multifaceted live-casino catalogue.
BETER Live is the live-casino brand of next-generation betting content and data provider BETER, whose product verticals also cover fast sports, esports and gaming solutions. The in-demand live-dealer domain continues to go from strength to strength with customers across the planet, and BETER’s innovative and authentic digital table games provide an eloquent case in point.
This product suite includes traditional games such as Blackjack, Roulette and French Roulette (all available in English, Russian and Ukrainian languages for CIS-facing territories), alongside the most popular, one-of-a-kind live-dealer game in Andar Bahar, and another companion classic for India in Teen Patti, recently unveiled as the supplier’s latest release — Bet on Teen Patti. Accordingly, these games now all form part of the progressive portfolio made available to QTech Games, its partners and their culturally-diverse appetites of their myriad players.
Integrating this flourishing production line consolidates QTech Games’ wide range of gaming verticals, providing a definitive one-stop shop, QTech ONE™, which has fast-become the “go-to” solution for worldwide operators. BETER Live’ premium quality content suite, featuring these immersive iterations of classic table games, now sits neatly alongside other cutting-edge live studios, such as Evolution and Ezugi, giving QTech partners and their players an unrivalled choice for live casino.
The agreement organically broadens BETER Live’s strategic scope, targeting worldwide audiences and driving new revenue streams. Company’s products are created with an entertainment-first approach, and are hosted by experienced casino dealers in cutting-edge, cinema-style studios, which also afford operators and their customers the benefits of localised server deployment and a range of corresponding languages.
As the pre-eminent distributor in Asia over the past few years, QTech’s platform offers the most expansive gaming portfolio around, localised for each region, with native mobile apps, powerful reporting and marketing tools, and 24/7 local-language support.
QTech Games CCO, Ulf Norder, said: “It’s another resounding signal for our platform to have integrated more premium content from BETER.
“We’re thrilled about this partnership. They’re a rising-star supplier that offers fast-paced games for fast-growing markets. With their sought-after Andar Bahar and Bet on Teen Patti titles, we’re bound to boost our strong portfolio of partners across untapped territories like India.“Together, we will continue to raise the bar and shape a localised experience for global players. We can’t wait to witness how these games perform across a range of untapped markets which, in some cases, break new ground for BETER Live.”
Dan Gibas, Business Development Manager at BETER, added: “QTech is a natural habitat for our superior live-dealer content. We are widening our reach across some exciting markets and their industry-leading platform provides a flexible gateway to new markets.“BETER Live offers a flexible and deeper live-dealer configuration to gaming operators or white-label providers all over the world. Needless to say, entering into this agreement with QTech Games tracks our key strategy to fully leverage our reach, and we look forward to seeing how fresh audiences embrace our content.”
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After significant growth in the last couple of months, Oddin.gg is further strengthening its position as a trusted advisor in the esports betting landscape by proudly announcing the appointment of Juana Bischoff as Senior Business Development Manager. Juana will be essential in building the end-to-end esports betting ecosystem Oddin.gg has been creating with its extensive network of partners.
Juana has a 12-year successful track record in sales, leading business growth by acquiring and developing global key clients. Before joining Oddin.gg, Juana played a critical role in sales at Bayes Esports. Her entrepreneurial mindset, strategic thinking and commitment to finding the best solutions for clients are expected to accelerate revenue growth while strengthening the relationships with partners of Oddin.gg globally.
 
Juana Bischoff shares: “Collaborating closely with customers is always a key part of a successful relationship and my main approach. Understanding and providing the best solutions to support them in their strategic growth ambitions drives me every day. I’m thrilled to join the Oddin.gg team and contribute to the expansion of its best-in-class esports betting solutions.”
Marek Suchar, Co-Founder and Managing Director adds: “More and more operators and platforms are approaching us to learn more about the esports betting space and how they can benefit from it. Juana will be a valuable member of the team to help further educate the market on esports topics. She will also build strong grassroots and mutually beneficial relationships within the industry for the years to come. We are excited to have her on board.”
To support its rapid growth, Oddin.gg continues to hire passionate and valuable professionals for various roles in sales, IT development, data science and trading.
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