Technically speaking, online betting can’t really be considered a derivative of online gambling. However, the developments it has undergone has morphed it into a totally new betting concept. Also, it has become a lot less difficult to place a bet online, so it’s not necessary to expend a lot of time and effort. Online betting has become ubiquitous also. Gone are the days when online betting was thought of as a means to the wrong ends. It’s possible now to participate in online betting as a way to earn money of simply have fun.