What started as a simple activity has now evolved into a multi-billion industry that brought together many stakeholders, including sports fans, bettors, bookmakers, and payment processors. As mentioned earlier, Filipinos now have a wide range of markets, and of course sports, to bet on.
This includes football, horse racing, tennis, boxing, rugby, athletics, golf, mixed martial arts, volleyball, and basketball, among other sports. Also, the number of Filipino-tailored sportsbooks has never been higher. One could easily count the number of sportsbooks operating in the Philippines in the past. With hundreds of online betting sites for Filipinos in existence today, it is a huge task to mention all the betting sites that accept Filipinos.
The many gambling sites create an environment where sport betting bonuses are indispensable. Rather than players jostling for betting sites, betting sites now compete for punters. That's where bonuses come in.
With each betting site wanting to create a client base to sustain its trade, bonuses are seen as the best strategy to wrestle punters from competitors. That's why bonuses seem to be all over the place in the Philippines' betting world.
The massive growth of the betting industry in the Philippines can be attributed to one thing: the internet.
The role of the internet in the Filipino betting industry
With the internet, Filipinos no longer need to go to physical betting joints. The so-called World Wide Web has brought these joints to the bettors' doorsteps, but better still, in the palm of their hands. First was betting on desktops, but today, it is about mobile betting- betting on the go.
With a smartphone, Filipinos can bet wherever and whenever they want, with geography being a non-issue. Unlike back in the day when only a small portion of the Philippines was internet-enabled, the bulk of the country's population has access to the internet today. This makes it possible for bookmakers to access as many citizens as possible, allowing them to bet on the games of their choice.