It is interesting and quite entertaining to speculate what a legendary Australian punter by the name of Fred Angles would be capable of doing were he to still be alive today and have the option of placing his bets online.
In his heyday, the most sophisticated technology available to punters was the telephone. F.A., as he was known, had 50 telephone lines in his house that he used to place bets with bookmakers. His tactic was to make his wagers within five minutes of the jump in order to prevent the SP bookies from getting to the track and influencing the odds that Fred desired.
Jumping forward to today, when with the use of modern computer technology and high speed Internet connections, Mr. Angle could have employed his strategy with a matter of seconds remaining until the jump.
This imaginary anecdote serves to illustrate the effect modern technology is exerting on punting. The primary benefit to online punters is that the ability to place wagers online has swung the odds pendulum in their favour, and whilst the bookies will always have the advantage of building in a profit margin to cover their expenses in addition to the odds they are willing to grant, that advantage has declined dramatically.
This improvement in the playing field is so dramatic, in fact, that it is almost difficult to conceive of why anyone would accept the odds offered by the TAB Board, along with the paltry dividends that route provides.
The improved odds alone should be more than enough to convince even the most technology-phobic punter, but if not, here is an assortment of other reasons why online betting should at a minimum be a substantial part of any punter’s campaign.
Punters have so many choices when it comes to online bookmakers because physical proximity or availability of phone services have both been eliminated as a considerations.
An additional benefit of this growth is that the competition amongst online bookmakers for punter loyalty and dollars has become exceedingly fierce to the extent that bookmakers are constantly trying to steal a march on one another by offering incentives that would have been unheard of prior to the Internet era.
Put your feet up, grab a coldie, your laptop, tablet or smart phone and have instant access to up-to-the-second information about every wagering market in Australia and all over the world. Examine the odds of two or more bookmakers and decide on your selections. Using a bet matching service such as Betfair, you can even lay your selections for certain markets and enjoy receiving dividends directly from your compatriots.
Twenty four hours a day, 365 days per year, you can always find a variety of websites where you can have a look at what’s coming along, and even if you don’t see a wager you consider favourable at the moment, you can plan for upcoming markets. Some online bookmakers make it possible to receive notifications when something of interest to you is pending or if odds that attracted your attention have changed, maybe for the better.
Online bookmakers are heavily regulated by government licensing agencies. They also participate in voluntary industry best practices standards. Security of financial and personal information is paramount, and whilst it is always possible that a security breach could result in rare instances of identity theft, online bookmakers know that it is in their best interest as well as yours to never hold you liable for any fraudulent activity. Try getting similar assurances from the crushers.
This goes far beyond the idea of using earned dividends to take a wager once your original bank is safely in your pocket..
There is no reason, other than perhaps the simplicity and convenience of having everything in one place, to not investigate several or many online bookmakers, take advantage of free bets and other incentives, and examine each bookmaker at your leisure to see if any preferences or advantages emerge with one bookmaker or another.
Virtually every online bookmaker offers at least four funding options, the worst of which might require you to send a cheque or visit a bank to make a wire transfer. The bigger concerns frequently have considerably more than four funding options, many of which have such negligible fund transfer fees that the convenience far outweighs the expense.
Every online bookmaker, large and small, offers better odds and larger dividends than the TAB. This advantage can range as high as 30 percent. Over the course of many events, the advantage will average out to around 15 percent or a little over, so for example, over the course of ten $100 wagers, the typical advantage works out to something around an extra one-and-a-half punts.
Online bookmakers are constantly innovating their offerings and improving their technology. One need only look at the number of markets available today as opposed to the era directly previous for proof of the first and the explosion of mobile betting for proof of the second.
It all evokes somewhat the image of a modern-day Fred Angles, if he were around to participate in the online wagering revolution, gazing intently at multiple computer monitors and placing 500, rather than 50 wagers in the minutes leading up to the jump, leaving the SP bookies grabbing air in their pockets where the cash used to be.