What is the biggest sport betting?
From football to basketball and even horse racing, which sport has the biggest betting market? Read on to discover which sport is the most popular when it comes to betting! With a multitude of sports, leagues, and events to bet on, it can be difficult to tell which sport offers the largest betting market. While each sport has its own dedicated audience for gambling purposes, some stand out as clear favorites when it comes to the number of bets placed and money wagered. Read on to learn more about the biggest sport betting markets in the world.
Football is the world’s most popular sport and unsurprisingly, it is also the one with the biggest betting market. It is estimated that football betting accounted for more than 70% of all sports bets placed in 2018. This was mainly due to the huge number of games and competitions around the world, even at amateur level. Football betting covers domestic leagues, continental tournaments, and international games such as World Cup qualifying matches or major club competitions like the Champions League.
While football undoubtedly has the biggest betting market overall, horse racing betting is still a big draw for punters. Horse racing offers far fewer betting opportunities than football, but it is notoriously unpredictable and these long-term results offer very consistent returns to punters who know how to capitalise on them. Betting exchanges also allow greater control over odds margins, providing an invaluable advantage for savvy punters.
Factors influencing the popularity of betting markets
Several factors can influence the popularity of a particular betting market, including global coverage, commercial partnerships and public interest. Football, for example, has all three in abundance; it is a global sport with its own leagues and players who are followed by millions of fans. Its commercial success is impressive – from sponsorship deals to broadcasting rights – and its accessibility makes it the first choice for many sports fans when it comes to placing their bets.
Compare bookmakers for different sports
Each of the major sports markets will have its own bookmaker offers, such as free bets and special promotions. It’s important to shop around and compare different bookmakers to find the best deals for your chosen market. Football tends to offer a wide variety of betting options, such as money lines, spreads and various proposition bets. Basketball also offers a range of options, although it can be more difficult to find specialised markets or promotions than football betting. Horse Racing is one of the biggest attractions for punters, with offers available almost every day at many international racecourses. All these options give punters plenty of chances to win big if they do their research beforehand!
NBA Championship Series
What is the biggest sports betting event in the USA? The NBA Championship is one of the biggest sporting events of the year, attracting millions of viewers and punters hoping to make a profit on the seven-game series. Featuring some of the best basketball players in the world, the NBA Championship culminates with the winner taking home the prestigious Larry O’Brien NBA Championship Trophy.
What is the biggest sport to bet on? Basketball is the biggest betting sport, with over $1.4 billion wagered on both college and professional leagues in 2017, according to Nevada sportsbook figures. Betting on the NBA Championship Series is a great way for basketball fans to get started with sports betting.
NFL Championship Game
What is the biggest sport betting event? The Super Bowl obviously takes the crown as the most popular time to place sports bets. Millions of people tune in worldwide to watch this epic showdown and plenty more put down some money on their favourite teams in anticipation of a win.
What is the biggest sport for betting? The answers lies in the 2018 American Gaming Association’s report that showed Americans bet $4.76 billion on one sporting event alone – the NFL championship game. Although, 97% of that total was thought to be from illegal sources like office pools and bookmakers, it still leaves a substantial amount being placed at legitimate sportsbook venues such as Nevada which saw $138.48 million in bets on the Big Game in 2017.
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