Sports betting and gambling create new jobs

Sports betting has a more or less bad reputation in Asia. However, there are no really relevant arguments against it, as the prevailing perception often comes from famous Hollywood gangster movies. In general, the high risk of gambling addiction is of course criticized and is a very serious problem, so this topic is also touched upon. However, today it is not only about negative views but also about what sports betting does for the labor market. Since 2011, Asia has been able to bet online on a wide variety of sports. A new and huge market that creates a huge number of new jobs. The following article shows which areas, directly and indirectly, benefit from this.

The state always plays along

Betting on sports, of course, has been around for a very long time. Bets were already made on the first Olympic Games. Currently, sports betting has only been possible in Asia since 2011, when the market was partially opened. Previously, sports betting was prohibited. To better regulate the supply, a tax of five percent was imposed and profits from betting and gambling were subject to legal taxation. This betting tax generated over 160 million euros in its first year of existence. Therefore, the first industry to benefit directly from sports betting and create new jobs will be the financial world. In particular, this concerns the tax authorities in Asia and their tax specialists, as well as the accounting and administration of the providers themselves.

Betting platforms

These days, sports betting is done online. Bets can be placed quickly and easily on a computer or on the train via the Internet or through an app on mobile devices. Since real money is involved in sports betting and sometimes large sums of money can be seen in payment transactions, sites must be secure, such as asian-bookies.net/best-korea-betting-sites/. This is ensured by SSL encryption, which is also used by banks or government agencies. This protects payments as well as personal data and user credentials. The second industry that also benefits directly from sports betting is the IT industry. This ensures that websites and applications are available and secure at all times and of course remain easy to use despite innovations. In addition, online casinos and bookmakers were among the first to start working with cryptocurrencies. 

Live and direct customer service

Another factor that affects the ease of use of the platform or when questions arise is customer service. It helps with general questions and problems on all topics related to sports betting and gambling. The most frequently asked questions are about different sports and betting odds, betting tax or specifications for deposits and withdrawals. Since bets are accepted around the clock, customer service is also available 24 hours a day, seven days a week. As German sports bettors prefer German customer service, new jobs have been created. Visit https://www.telemediaonline.co.uk/the-rise-of-mobile-betting-in-asia-an-overview-of-the-best-mobile-sports-betting-apps/ to learn all about the growth of mobile betting in Asia.

Counterargument against sports betting - gambling addiction

As mentioned at the beginning of the article, the problem of gambling is explained in terms of new work and positive views. It must be said that there is nothing good in gambling addiction and it should not be described as a pleasant phenomenon. However, similar themes about addiction and illegality are known from other areas. Since sports betting is now legal in Asia and everyone has access to it, it has become much easier to get help. This is facilitated by online forums where victims and therapists can communicate with each other, as well as contact details for help that can be found on every sports betting provider platform. As gambling has a negative reputation, companies care about their customers and ensuring that bets are placed responsibly. As a result, many new jobs have been created in the social sector.