The sports betting industry reached a value of over US$203 billion last year. One of the most profitable industries in the world employs over 190 thousand people who work for over 30 thousand businesses and companies scattered all over the globe. According to one study done by Technavio, the global sports betting industry is deemed to grow across all platforms and all target markets the study included such as South America, North America, and Europe.
The study also revealed that the global sports betting industry is projected to grow at a tremendous rate of 9.7% during the period between 2021 and 2025. Across Europe, online sports betting activities are fully legal and monitored as well as in many US states including Iowa, Indiana, Colorado, Pennsylvania, and many others. Sports betting activities are also legal and fully regulated in India, China, Ghana, Canada, Nigeria, Costa Rica, New Zealand, Colombia, Australia, Mexico, Peru, and Brazil among many other countries.
The Most Popular Sports Among Sports Bettors
Thanks to amazing technological advancements and innovations, sports bettors across the globe enjoy more user-friendly, more engaging, and more rewarding iGaming sessions across numerous online sports betting sites that operate in the industry. Today, sports betting sites allow their customers to place wagers on their favorite sports using their PCs, laptops, and their mobile devices. Millions of dollars are exchanged daily across a whole range of sports activities and players have a wide range of betting options to choose from.
The most popular types of sports bets include moneylines, proposition bets, accumulator bets, and straight bets. Asian handicap betting is another popular betting form. Asian handicap bets are bets in which football teams are assigned either a negative or positive handicap depending on their form. While Asian handicap betting is most popular in Asia, some bookies operating outside of Asia offer these betting options.
This leads us to the most popular sports and sports events among sports bettors. Sports bettors residing in the USA are the biggest fans of basketball and the four top sports events are most certainly the NCAA basketball tournament, the NFL Championship, the MLB Championship Series, and the NBA Championship Series, and more recently eSports as well.
While basketball is very popular in the USA, football has the biggest base of loyal sports bettors on a global scale. Besides football, tennis and horse racing are also very popular but their popularity cannot compare to the popularity of football.
Football – The Most Profitable Sport to Bet On
Football originated in England back in the late nineteenth century while in the early years of the 1800s, both rugby and football existed in the country. While the game of football has been around for over two thousand years, football, as we know and enjoy it today, was invented many years later. Football is by far the most played and the most popular sports activity in the world as well as one of the most lucrative sports you can wager on.
Therefore, there is no wonder why the vast majority of online sports betting sites and bookies focus on football. Registering at any of these sites means being offered amazing football sports betting opportunities. Unlike many other popular sports, football lets you wager on ties and this is quite important was wagering on ties can be very lucrative. Since ties do not happen frequently, winning tie bets brings more profits.
Another important reason that makes football the most lucrative sport to wager on is the fact that numerous football clubs and football national teams play regularly across the globe. Football clubs compete in different events at different times so sports betting fans can easily follow many different games. Football sports betting is not limited to only club competitions but bettors can also place wagers on many international football matches. With the biggest base of loyal fans, the popularity of football is truly unmatched.