Sports betting is not illegal in my country. According to some key gambling and betting statistics1,2:
We are actually a gambling nation and the market is highly profitable. I wonder why despite these statistics, yet some sport betting and casino sites haven't taken advantage of it. As I conducted my research, I noticed that some casinos don't offer or no longer offers their services to people in my country. There are other countries with similar situation too. And it begs the question: why the reluctance? Such hesitation seems out of place in a country where gambling is legal.
There are many factors that can cause reluctance. Most at times the reason behind reluctancy is bankruptcy. When a gambling site has proposed a budget of certain amount for the gambling business and some folks swift all the money in just twinkle of an eye, then they see no need to continue. Sometimes the cause of reluctancy is poor management. Just like any other business which people may tend to manage and succeed or lose, whenever there is more progress there is a tendency of proceeding but when there is no progress, there coms seriousness and lacks the spirit of reluctancy.- There are over 60 million active gamblers.
- $2 billion is spent on gambling everyday
- 53% of people in my country bet at least once per day. Our population is around 200 million people.
- There are 14 million bet stakes and payments that are made over the internet every day
- and others