How Bookmakers Cope With The Standstill Caused By The Pandemic

When the global pandemic called for social distancing and self-isolation to stop and avoid the spread of the fatal virus, numerous brick-and-mortar casinos have indefinitely ceased operations, while online casinos have continued to grow.

Online poker sites like Situs Judi Online, for instance, have become the go to of people who are looking for some form entertainment as they self-isolate themselves at home.

PokerPelangi offers players the fun they are looking for while at the same time try to win some real money. Members are able to safely play poker as it is a reliable and trusted online poker site where depositing money and claiming winnings and bonuses are safe and easy.

Sports Betting: Greatly Affected By the Global Pandemic

Unlike online casino sites as well as other online gambling sites like PokerPelangi, sports betting has greatly suffered as the Coronavirus has caused cancellations, postponements and suspension of national league tournaments as well as other major events in the sports industry across the globe. Without any sporting event taking place, people have nothing to bet on.

As people have no sport to bet on, the sports betting market has suffered financial loss and may continue to do so. Moreover, many individuals who have already placed their bets and bought tickets for major sporting events early on are demanding refunds.

Sportsbooks To Proabably Focus On eSports and Online Casinos

Without any active sporting events, online bookies were compelled to fill the gaps giving much emphasis and weight on the virtual or digital sports, which includes virtual horse races such as the Virtual Grand National, a computer-simulated horse race complete with virtual spectators as well as virtual ambulances that trailed the riders and runners around the virtual courses.

Furthermore, digital bookmakers have significantly directed their attention on eSports and other minor events that are lesser known. In spite of these initiatives, online bookmakers or bookies have still experienced a huge fall off in depositors which amplified their churn rates as it is basically far too challenging to keep hold of players an indefinite standstill is being experienced by major markets for sports betting.

As mentioned, online casinos that offer a wide gamut of casino games are faring quite well amidst this global pandemic compared to sports betting as they continue to operate despite the situation the world is in. Because of this, a lot of bookmakers that offer an online casino platform as well might market or cross-sell their products in their online casino platform to their present sports betting patrons as a strategy to hopefully regain some percentage of financial loss and keep their business afloat.

This approach by bookies may actually work as sports bettors who are self-isolating at home could be eager and ready to participate in online casino entertainment as they await the resumption of sporting events and sports betting activities.