And although the population of this island country is only about 1 million people, sports betting is incredibly popular here. Since the country borders Greece and Turkey, bets on football and basketball are in great demand here. But the list of available sports disciplines is not limited to this. More and more Cypriots are engaged in sports Cyprus betting in their spare time, and for some of them, this entertainment is even becoming a worthy source of income. Let’s look at this issue in more detail.
Why sports betting attracts millions of people?
When sports betting was first introduced to the global community, the pastime opened up a new way for fans to enjoy sports while making money. Recently, betting on sports events has become more convenient thanks to the Internet. Now there is no need to contact an offline bookmaker and visit his office to make a prediction for a certain event.
In addition to the convenience of online sports betting, there are a number of other reasons why there has been a huge increase in their popularity recently. These factors include:
- the possibility of receiving a monetary reward for knowledge in the field of sports;
- satisfaction from instant earnings;
- one of the simple and convenient varieties of gambling entertainment;
- many available options, types of sports, matches, and other sports events;
- interaction with sports fans, of whom there are quite a few in the territory of Cyprus.
In other words, betting on sports online is a combination of pleasant and useful. So, a sports fan watching a long-awaited match on a TV screen or in a stadium seat doubles the pleasant feeling with the possibility of receiving a monetary prize if he makes a correct prediction on the outcome of this event.
Interesting facts about sports betting
- Football is the most popular choice among bettors. Today, most bets on sports are made on football. Many fans have been watching the games unfold since the beginning of the season and making informed predictions based on their knowledge.
- Basketball is the best sport for beginners. People who are just starting to bet on sports often choose basketball. The reason for this is the simplicity of basketball rules and the intensity of the game, which will not allow you to get bored. In addition, the NBA is quite popular in the world. This is enough to encourage bettors to choose this particular sport.
- Bookmakers never lose money in September. September is the most profitable month for bookmakers because it is then that the largest number of bets are made all over the world. Bookmakers usually earn more in September than in October and November combined. This is partly because bettors often save money in July and August, when there are no major sporting events, and thus accumulate a larger amount by September.
- The biggest bets are made in the USA. The average bet in the US is the highest in the world, which is not surprising given the wealth of its citizens and the fact that sports betting is part of American culture. However, when looking at averages compared to some other major sports betting markets, the average bettor in the US places around 40% more bets than the average bettor in the UK.
- Even the most professional bettors win about 50% of bets. While many people believe that professional bettors win about two-thirds of their bets, the reality is quite different. Even professionals who make a living from sports betting win between 53% and 55% of all the bets they place. This shows that no matter how skilled or experienced a bettor is, it is impossible to guarantee a profit because sports betting is simply too unpredictable.
- Most of the new bets take place in Live mode. Bookmakers offer you to place bets in two modes: live and prematch. Prematch is betting on sports matches before they start, while live betting is betting during the game in real-time. Live bets require more attention and faster reaction from bettors. However, they also offer the chance to win more money and are a better choice for watching matches with friends, as this way, you can bet on the match while watching it.
- Newbies make bets relying on emotions. Numerous new players make a typical rookie mistake: betting money relying on their emotions. Emotional bets include betting on your favorite team, on players with a similar name, on those whose form looks the most attractive, etc. Although it is possible to bet with a heart, it is not enough to guarantee a win. It is important to apply your analytical skills and logic. Open the statistics of past matches, find out about the composition of the team, collect as much information as possible and only then make an informed choice. Remember, your money is at stake.