The world of sports betting is huge. It has hundreds of thousands of customers worldwide. Sports betting accounts for around 30-40% of the global gambling market. More than half a trillion sports bets are made each year worldwide. In the United States, Morgan Stanley predicts that the betting market will generate $7 billion in revenue by 2025.
Today, betting covers all sports and new niches like cybersports are growing rapidly in player numbers. Please note that today bets are accepted not only by bookmakers but also by many casinos with classic slot machines, live casino gamesand sports betting.
Most bets are placed on popular sports such as:
Football is the biggest and most popular sport in the world, so it makes sense that it tops the list. Horse racing was once number one, but live betting has turned football betting into a monster. Every year in the UK football punters bet over £1 billion.
The only country where football is not the most popular discipline is the United States. In the United States, the NFL is the absolute leader. In Australia and New Zealand, rugby rules. In Canada, the national sport that tops the betting charts is hockey.
It has been synonymous with sports betting for years. It is still a global giant and one of the few sports that can be bet on 24/7 worldwide. Horse betting is estimated at more than 100 billion euros per year. Surprisingly, Japan is the biggest market, followed by Great Britain and Australia. In the United States, horse racing is a huge industry and could become an idle giant.
It may come as a surprise to many, but tennis is the third most popular sport to bet on in the world. Live/in-play betting started with 1×2 or who would win a set. Now you can bet on who will win a match, such a number of combinations makes tennis a very diverse sport for betting. Tiebreakers in tennis also allow betting with low odds. Live betting has become a major factor in the massive growth of tennis betting.
In recent years, golf has become one of the most popular types of sports betting. With 78 players at any one time and a variety of betting formats, it’s easy to see why this sport is so popular. Major events last more than 3 days, and big tournaments – more than 4 days. Add to that the number of players on the field and you have a lot more options, odds and variable results than in other sports.
In the United States, American football is likely to be the biggest sporting event for betting. The NFL and its culminating Super Bowl game are watched around the world. And this betting market has unlimited potential and opportunities.
Thanks to the emergence of many new member countries, rugby has become one of the most popular sports in the world. There are now 30 countries playing rugby. Betting on a game with so many variables has made rugby one of the most popular sports to bet on.
Boxing / MMA
Boxing is another sport that has been associated with betting for many years. Although it has been overshadowed by football, tennis and golf, it remains one of the most popular. MMA is a relatively new sport, but thanks to the reputation of the UFC, betting is on the rise.
Esports / Cybersport
The fastest growing sports market in terms of betting volume is cybersports. The growing popularity of cybersports forces bookmakers to adapt quickly or fall behind. While virtual racing has been around for years, other virtual sports have exploded in popularity in 2020. All major bookmakers offer various bets on cybersports matches. This growing popularity is rapidly increasing the revenue of the entire sports betting industry.
If you are familiar with a certain sports area, you might like to bet on gaming sites with live casinos or on special sports bets.
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