Not really in a position to go to Vegas this year? Not to worry, the wonderful world of gambling has come to your mobile device! Yes folks, The Feature is reporting that the world of gambling is now readily available from the comfort of your favorite mobile device! Imagine that.

The Guardian cites a research report saying mobile gambling will be an almost $20 billion-per-year industry by the end of the decade, and reports that mobile phones are quickly supplanting the Internet as punters’ tool of choice. One particular aspect of mobile gambling that’s expected to fuel its growth is the ability to make “in-running” bets — wagers made after the events have started.

In addition to gambling offerings from operators as well as traditional bookmakers, a new style of bookie — the betting exchange — is emerging. It’s tech-saavy and has no offline presence such as betting shops, but most importantly, it only matches up gamblers’ bets. Exchanges don’t act as traditional bookmakers, it’s more like eBay for bets, where the company provides the infrastructure and holds the money, and gamblers essentially bet against each other rather than the house. This is the most controversial aspect — gamblers can bet against certain outcomes, as well as for them. So, for instance, if one person bets that a soccer team will win, there’s a matching bet against a team. Adding mobile access to an exchange gives gambling and instant and personal edge: if you’re watching a game or race, and something catches your eye, you can throw your money down via the handset, and wait for another person to take your bet as the action unfolds.