The world of sport is massive. In 2017, the global sporting market was worth an estimated $620 billion, according to research from KPMG. That’s a lot of money! And, with the ongoing trend towards digital and data-driven experiences for fans and network partners, this market is set to grow even larger. However, despite these positive indicators and the fact that so many people love watching sport, investing in it can be a risky business.
Some professional sporting franchises have folded; for example, see the examples of NHL teams such as the Atlanta Thrashers (now the New York Islanders), Hartford Whalers (now the Carolina Hurricanes), Quebec Nordiques (now the Colorado Avalanche) and Minnesota North Stars (now the Dallas Stars). But that doesn’t deter everyone…
What Attracts People to Sport?
Whether you’re a fan, player, bettor on Parimatch football, or just want to watch the game for its entertainment value, there are a number of reasons why sport is so popular. Firstly, it’s a global phenomenon. There are very few countries in which sports aren’t played and followed. Secondly, it’s an equal-opportunity sport. People of any age or gender can participate in the sport of their choice.
That’s not true of all activities, like music, for instance. Thirdly, a spectator sport can be part of a person’s life for many years, as their children grow up with the same interest. Fourthly, spectators have the opportunity to make friends and interact with others in their community who have the same interests.
The Appeal of Live Streaming Sport
Sport is popular, but it’s even more so when it’s live, and when it’s being streamed online. People like to watch matches being broadcast as they happen, particularly when there’s a lot at stake. Over the years, this has led to the rise of online gambling. In fact, for years, online gambling was one of the few industries that grew steadily during a recession.
However, this has changed in recent years because it’s sports betting that’s driving the industry forward recently. For starters, many people like to bet on sports because they can do it with friends and colleagues. Indeed, sports betting can bring people together.
Why Investing In Sport Can Be Risky
Sports is a risky business. There are many different factors outside of a team’s control that can change the outcome of a game, like weather conditions and individual player performance. With the rise of live streaming, the risk of unexpected events occurring is even greater. This is particularly the case when it comes to online gambling. Online gambling has come under greater scrutiny in recent years due to the risks associated with it.
For starters, it’s often difficult to verify if a betting site is legitimate. This means you run the risk of being scammed out of your money. Additionally, it’s not uncommon to find that gambling sites are hosted in countries with poor reputations. This can make it difficult to cash out winnings, or withdraw your money in a timely manner.
Sports Investment Options
There are a number of ways to invest in sport, depending on your budget and what you’re looking to achieve. You can invest in a team, as an owner or sponsor.
- Investing in a team
If you have a large budget, you can purchase shares in a sports team. But, keep in mind that you must be prepared to take on a lot of risk.
- Investing in a league
If you don’t want to worry about specific teams, you can purchase shares in a league. This is a safer investment, as you’ll be profiting from the entire network.
- Sponsoring a team
If you don’t want to be a part owner or investor, you can simply choose to sponsor a team. This is a great way to show your loyalty to a team that you love.
The Benefits of Partnering With An ICO Platform
Investing in sports is risky, but partnering with an ICO platform is a great way to mitigate that risk. ICOs are digital fundraising events that allow companies and entrepreneurs to raise capital. By partnering with an ICO, you can participate in a network and make money while you’re at it. If your team wins a game, or you are a sponsor, you can make a profit. This is a great way for you to get the best of both worlds.
You get to support your favorite teams and events, and you can make a profit from it. One of the best things about partnering with an ICO is that you can do it from anywhere in the world. So, even if you don’t live near your favorite team or event, you can still take advantage of it and make money. Additionally, most ICOs are decentralized. This means there’s no central authority to report to, and no one to answer to.
If you’re a sports fan, you’ve probably often wondered what it would be like to be a part of the industry. Now, thanks to blockchain technology, this is possible. With an ICO, you can invest in the teams and events that you love, while profiting from your investment.