With the rising popularity of sports betting, many sports fans are now seeking to enter the betting market. During the sports season, established sports bettors spend billions of dollars collectively every year while betting at licensed online betting sites, casinos, and local betting shops.
From the total volume of bets estimated from online betting, local bookies, and offshore sportsbooks, we have compiled the five most popular sports in terms of betting volume.
European football or soccer is the most-watched sport in the world. This makes it the most popular and profitable sport to place bets on. Most bets in football are fairly straightforward. You simply have to predict whether there will be a win or a draw and state the final score.
However, there are other opportunities for more experienced bettors. They can bet on the number of corner kicks and throw-ins, and the period in the game when they will occur. They may even bet on the number of yellow or red cards to be issued and who will receive them.
So how do you win a football bet? Just like a spokesperson from SuperLenny said, “if you want to win a bet on a football match, research is essential. You need to check out different stats and even historic score patterns to improve your chances of predicting an outcome correctly. When you combine these stats with your research, you can increase your chances of winning”.
Betting on tennis competitions is easy for newbies and experienced bettors because the game has no draws like the aforementioned sport above. Tennis provides a variety of simple and straightforward bets. But the most important one is predicting the winner of a match or tournament.
To win a tennis bet, you need to study each player’s ranking and performance in previous tournaments. Other factors come into play, where some players perform better on grass courts (used in competitions like Wimbledon) while others win more games on clay (a certain Spaniard has certainly demonstrated that over the years). Before placing your bet on any match, you can study the analysis of pundits and gain a better picture of who is more likely to win.
3. American Football
The National Football League (NFL) attracts the highest amount of betting money annually in the U.S. Although sports betting is not yet allowed in many U.S. states, American football lovers spend a fortune betting on league matches every year.
The climax of sports betting in the U.S. is the annual Super Bowl when NFL lovers from across the globe spend billions of dollars wagering on the outcome of that one final game.
4. Horse Racing
Traditionally, horse racing fans go to the track to make a bet on the horses they love and desire to win. This practice has evolved with the popularity of online betting. Major competitions like the Kentucky Derby, Preakness Stakes, and Grand National attract a lot of bets from lovers of horse racing every year.
To win bets on these competitions, you need to know the factors that affect the ability of horses to race and win. These include weather changes, footing, and the mood of the handlers. As with any sport you might be keen to take a punt on, the best way to select a potential winner is to do your research and check the latest stats and opinions of horse racing analysts.
Basketball is one of the fastest-growing sports in terms of popularity. While the NBA is the most famous league for the sport, collegiate leagues in the U.S. and the European basketball league are also generating a lot of betting volume across the globe.
Most basketball bets involve what is known as spread betting. This requires you to predict whether a team will beat another team by a particular margin. The most exciting bets involve predicting the margin by which a favorite team will beat an underdog when the top team is playing an away game.
Those are some of the most popular sports to bet on. If you are betting for the first time, you should choose a sport you love and follow daily as this experience will be invaluable in gaining further insight into the same and, naturally, increase your chances of winning. Don’t shy away from using different sources to inform your betting activities, such as newsletters and various relevant stats provided by dedicated sports betting sites. With all of those elements in your arsenal, a win should be just around the corner. Good luck!
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