With the rise of the global sports betting market there are new career opportunities for those who love sports. The continuous rise of the global sports betting market is a result of many countries softening their regulations and allowing sports betting businesses to legally operate.
The rise of the betting industry is undeniable. Around 40% of the global population has accessed a betting site or went to a local sportsbook to place a bet at some point in their lives.
On top of that, the sports betting market has advanced over the last couple of years, mainly due to its online expansion where sportsbooks transfer to their digital infrastructure. The digitalization of the sports betting industry alone opens up many new career opportunities for people that want to be involved in the reshaping of the entire betting industry.
Betting companies are now researching and developing new technologies that will allow them to offer new and innovative services like crypto betting for example. It is also important to mention that the sports betting industry plays an important role in the local economy of each country.
After the Supreme Court legalized sports betting in the United States in 2018, experts analyzed that this act will bring an additional $8 billion in local taxes and $22 billion to the GDP of the United States.
What’s more beneficial for the economy, especially in a time when a recession is upon us, is the opportunity for creating hundreds of thousands of new jobs for both online and offline sports betting.
Let’s see some of the job opportunities that are opened with the rise of the sports betting industry.
Job Careers in the Sports Betting Market
If you are someone interesting in sports and want to connect your passion and your job, this might be the perfect time for you since the Sports Betting market is expanding globally. With that said, we choose a few great career options for you to consider.
Today, the most important factor that defines the sports betting industry is the technology innovations that reshape the entire gambling space. Nowadays, sports betting companies are investing a lot of money into technological advancements allowing them to transform their services digitally.
This also includes the new and upcoming crypto invasion of the sports betting industry that opens up many job opportunities for the ones that understand blockchain technology.
The rise of the sports betting industry means that more companies are competing to get the attention of the same number of people. As more sports betting businesses are opened, the competition gets tougher, meaning that the only way for businesses to get people through their doors is by investing a lot of their resources in marketing.
So, if you love sports and you have some marketing skills, this might be the perfect opportunity for you. The marketing industry at the moment is very diverse allowing more creativity for the people involved in the process in a way to attract more customers.
Since we are talking about introducing new technologies to sports betting, such change also has its disadvantages. First of all, it is hard to make people change their gambling habits, especially in sports betting.
As a result, these changes will get many complains and tickets requiring help, which means the only way for a betting company to succeed is to invest in their customer service.
Additionally, a recent study found that customer service is one of the top priorities for people choosing casino companies and sports betting websites. The customer service segment doesn’t mean that you should put on the headphones and answer customer calls. This job opportunity is much more open, especially with all the technology that is available nowadays.
Risk management is the core of the entire sports betting industry. Even though complex software analyses match in order to predict the probability of certain events, human input is very important as well.
The risk management strategy of sportsbooks is the main thing that will decide whether they make or lose money.
So, if you are a numerical wizard and like statistical analysis, this could be the perfect job opportunity for you. On top of that, considering the weight of this position, it is important to note that people involved in the risk management process are brilliantly compensated.
Ever wondered how the odds in your local sportsbook are made? Well, the recent expansion of the sports betting industry gives you an opportunity to work as an odd maker. Odd maker is one of the most important positions in the industry and it is somehow connected to the risk management position.
So, if you have a strong understanding of how betting works, and you love sports, this might be the perfect position for you. Remember, the odds are the main thing that attracts fans to any sportsbook, and being in charge of them can beneficial for you.
With the huge expansion of the sports betting industry, betting companies are constantly expanding their services whether it is including new betting opportunities on online websites or opening a new location in a certain country.
The market analyzer is an important position in the sports betting industry and it seems like this is the perfect time to work in this position since most sportsbooks are looking for a way to expand their services. This position includes analyzing competitors’ locations, finding new market opportunities, researching public demand, and much more.
It is a rather interesting position that is best for people that want to expand their network and communicate with other people.