business trend. Additionally, a number of existing bookmaking operations started forming online sites to expand existing operations. Initially, these websites were giving away large bonuses and free wagers in order to attract new customers and players. The number and variety of promotions became rather amazing and included things like special odds, cash back offers and even tournaments or contests that gave generous prices. The sports wagering industry online eventually matured and the large bonuses and other promotions decreased, although a number of sites still do offer free bets and some form of bonuses. Another interesting trend in online sports wagering developed around the year 2000. This is when BetFair began. The revolutionary thing about this site is the fact that they made it possible for peer to peer wagering. In other words, players made bets between themselves and the site collected a commission on each wager. This was the forerunner of today's exchange betting, which is quite popular. Around the year 2002, live betting was started. This allowed players to make wagers on a sporting event while it was actually being played. Live betting has proven to be immensely popular and one of the most exciting new sports wagering option, even today. Over time, the range of sporting events eligible for live betting has expanded exponentially. The latest development has been mobile betting, so players can now even using phones, tablets, or other mobile devices to place their sport bets.
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