When it comes to the world of offshore sportsbook these betting institutions have been around forever, but it’s only recently that they have taken on the incarnation in the sportsbook form. There are many reasons why the Internet betting sites are all offshore sportsbooks, but for betting fans it makes little difference where they’re located so long as they provide great sports betting opportunities.
Offshore sportsbooks have been around for awhile, but never really gained much traction until the Internet technology was developed. The problem that existed prior to Internet technology was that they had such a narrow client base. For example, an offshore sportsbook in the Bahamas could only provide service to tourists passing through on holiday.
There was no real permanent client base for offshore sportsbooks and that inevitably had a negative impact on business. But with the time and space compression that resulted from the Internet technology offshore sportsbooks could now access nearly the entire human population regardless of their location.
The sportsbook has since been radically altered and in fact any sportsbook that hasn’t adopted the Internet as its main venue of service has no doubt suffers accordingly. The expanded market that the Internet has provided seems almost limitless and has provided a huge boom for most.
However, with the creation of this technology there has also been a boom in offshore sportsbooks startups. Whereas has traditionally been smaller operation catering to tourists, the title ‘offshore sportsbook’ has now come to signify something quite different all together.
Offshore sportsbooks are now more likely to be huge Internet operations that in some cases employ thousands of people in various functions. People may debate whether this development is good of bad for host economies but there is no denying the job creation that offshore sportsbooks have produced.
Hundreds of thousands of jobs, if not more, have resulted from the recent boom in start ups. Outsiders may question the type of development that these offshore sportsbook start ups provide but at the end of the day the result is that there tens of thousands of people with new jobs that pay very well.
If you’re a local it’s very hard to argue with the benefit that have provided. Still, there are two sides to every story and the development is not without some drawbacks as well.