World

Why is Sports Betting so Popular in the Netherlands?

Published

2 years ago

September 1, 2022

Only companies that are physically located in the Netherlands and websites that are hosted within the country are authorized to provide their services to customers located in the Netherlands.

As a direct result of this, the number of online casinos and sports betting firms that are ready to host their web pages in the Netherlands is rather small. This resulted in a significant shift toward “illegal” forms of gambling.

In an effort to mitigate the impact of this factor, the Dutch government has liberalized its gambling rules to the point where it now welcomes some of the most well-known gaming brands in the world.

On the other hand, this action may put you in jeopardy because you can never be sure when a significant penalty may be levied against you.

Online Gambling Law in The Netherlands

To begin, it is important to make it clear that, just like gambling at land-based establishments, if you want to place bets online from NL you can do so legally as well. Since the initial Betting and Gambling Act (also known as the “Wet op de kansspelen”) was enacted in 1964, this has been the situation in the Netherlands.

In the decades that have passed since then, obviously, there have been substantial changes to the landscape. Because of this, it was determined in 2019 that all these rules would be modernized with the help of a brand-new act pertaining to remote gambling.

It wasn’t until the springtime of 2021 that this legislation was really put into effect because of delays caused by Covid; nonetheless, to the greatest of our knowledge, organizations that engage in sports betting are now eligible to submit applications for licenses that will enable them to operate inside the Netherlands.

All of the sports betting companies in the country are subject to stringent regulation by an independent entity, which ensures that these businesses adhere to the highest possible standards of safety and equity.

This is similar to the situation in other major nations that offer online gambling. In this scenario, the Netherlands Gaming Authority, often known as the “Kansspelautoriteit,” is in charge of providing oversight.

Most Popular Sports to Bet on in the Netherlands

In spite of the lack of clarity in Dutch law addressing online gambling, Dutch gamblers nonetheless spend around 500 and 800 million euros annually on online esports gambling.

Football is unquestionably the most popular sport on which bets are placed, accounting for a whopping 70% of the total volume of wagers.

With such a large number of talented football players as well as a national team that has consistently been ranked among some of the best in the world, it is simple to comprehend why football has become so popular in the Netherlands.

The Eredivisie receives the majority of the betting because it is the domestic league in the Netherlands. On the other hand, soccer fans place just as many wagers on other European competitions such as the Premier League and La Liga.

The next most popular sport is hockey, and then volleyball comes pretty close behind it. Cycling comes in at number four, which should come as no surprise given that the bicycle is a common mode of transportation in the Netherlands.

As a result, the majority of cyclists are avid followers of major contests such as the Tour de France and Il Giro. Any bettor will be pleased to have such a wide variety of alternatives available to them in the highly different environment that is online sports gambling in the Netherlands.

Online Sports Betting in The Netherlands in Numbers

Given that we are discussing a market that has not yet been subject to regulation, an estimate of €800 million suggests that there is potential in the market.

The United Kingdom, as well as Italy, currently holds the top two spots in Europe in terms of money generated from gambling, but the Netherlands has a good chance of moving up to the third place.

It is difficult to acquire accurate demographic data because there isn’t a single regulation that regulates the activities that operators engage in. However, the majority of people who bet on sports online are between the ages of 25 and 50, and over 82 percent of these individuals are men.

Games found in online casinos are the most popular among women, while other gambling options, such as bingo and keno, are less popular and should not be considered.

It is an interesting phenomenon to note that, despite the fact that the state has a monopoly over domestic casino & betting business, only a relatively small number of gamblers choose to place their wagers within these establishments. Despite this, it does not appear that the authorities are in a hurry to ease restrictions on the market by passing laws that are transparent and supportive.

World

A Step-by-Step Guide to Hiring the Right Personal Injury Lawyer

Published

7 days ago

April 19, 2024

Michelle Langton

Are you dealing with injuries, loss of income, and hefty medical bills because of an accident that was not your fault? If yes, you need the services of an excellent personal injury lawyer. But how do you determine if a lawyer is a perfect match for your personal injury case when you have so many options? This step-by-step guide aims to teach you the critical steps to hiring the best personal injury lawyer in your state.

1. Know Why You Need a Personal Injury Attorney

Typically, you must hire the right personal injury lawyer if you are pursuing a lawsuit for personal injury. As defined on Forbes, a personal injury lawsuit is a civil action that an injured person takes against a person or company responsible for an accident that resulted in injuries.

For instance, you get into a car crash or slip and fall incident in the workplace because of someone else’s fault. You can sue the party responsible for injuries, lost wages, medical bills, and mental anguish.

But there are instances you may not need a personal injury attorney despite being in an accident. For example, a minor fender bender where no one sustained injuries or had their property damaged is easy to resolve without involving lawyers. So, after an accident, evaluate the damages incurred. If they are severe, search for a personal injury attorney.

2. Do Extensive Research

Where do I begin my search? Referrals are valuable because you can ask specific questions regarding the lawyer’s communication style, availability, litigation experience, and fee structure. So, ask family and friends to recommend someone they have worked with. Search for attorneys in your area online if you need referrals. You can type a simple search query like ‘personal injury attorney near me’ on Google. Alternatively, look for a lawyer through online directories.

3. Schedule Free Consultations

You want to know what a personal injury lawyer will do for you. Therefore, schedule a free consultation meeting and ask questions like:

What will you prioritize in my case?

The right attorney will focus on getting justice and fair compensation to ensure your stress-free recovery. Communication should also be a top priority. The lawyer should communicate with you using simple terms to help you understand your legal rights. More importantly, they should update you about the case progress on time.

Do you have experience handling cases like mine?

As lawyers at Cohen, Feeley, Altemose & Rambo law firm mention, experienced personal injury attorneys will guide you through the legal process. Even more interesting, they will handle negotiations on your behalf to safeguard your rights. So, make sure your lawyer has experience in personal injury law.

It would be better if they had specialized experience handling cases like yours. For example, if you are pursuing a truck accident lawsuit, you will want a personal injury lawyer with expertise in dealing with trucking accident claims.

What is the value of my personal injury claim?

After evaluating your case, a skilled attorney should tell you the worth of your personal injury claim. What you should be cautious of are unrealistic estimates and guarantees. There are no assurances in personal injury claims. If a lawyer promises a higher settlement that sounds too good to be true, do not fall for it because they are lying.

How much are your legal fees?

Personal injury lawyers work on a contingency fee arrangement. Based on Cornell Law School, a contingent fee structure allows lawyers to receive a certain percentage of the total settlement value a client wins. As a result, you do not pay your legal representative any upfront fee.

4. Check Testimonials

Aside from experience, work with a trustworthy and reputable attorney. You can quickly determine a lawyer has an outstanding reputation by reading testimonials from past clients.

Find out if the clients feel happy about the outcomes of their case. How about the style of communication? Does the lawyer explain legal terms in simple language?

A reputable lawyer will receive positive feedback from clients and respect from peers. Also, check with your local bar association to ensure your preferred lawyer doesn’t have disciplinary actions against them.

5. Select Your Lawyer

At this point, comfort matters a lot. Do not choose a lawyer you feel uncomfortable discussing your legal issues with. Also, ensure they have the experience and resources to win your personal injury claim. Equally important, they should have an excellent reputation.

Conclusion

When you are a victim of an accident that someone else caused out of negligence, you need to seek justice and compensation for your injuries. There is only one way to achieve these goals. You must work with the best lawyer to pursue a personal injury claim. True, choosing the right one can be challenging. But you can make an informed decision if you follow this step-by-step guide to hiring the right personal injury lawyer.