Betting on sports is a vast industry making up over 30% of the entire gambling industry. If we take a look at what this might look like in numbers, around 500 billion dollars is used for gambling around the world each year. This means that approximately 150 billion dollars are spent on sports betting annually, which shows just how big a market it is.You are probably wondering what sports are most frequently bet on throughout the year. Here is a list of some of the most popular sports that people tend to bet on the most. We will take a look at whether it is because people just enjoy watching and betting on their favorite sport or whether a specific sport gives you an advantage while betting.
In the USA, American Football is without a doubt the number one sport that people both love to play and watch. The NFL has some of the most diehard fans of any sport, and people follow the game like a religion. With huge tournaments such as the super bowl, which attract attention from all around the world, it is no surprise that American Football is one of the most popular sports when it comes to betting.Another reason that people love to bet on American Football is the variety of leagues that are available to bet on. People can bet on college football all the way up to the NFL, which means there isn’t a shortage of teams to rally behind and place bets on. They can also choose to bet on live games or make predictions before they start. More options mean more opportunities to place all kinds of bets on different teams, which adds to the popularity of this sport in the gambling scene.
Soccer is the biggest sport in the world with the largest number of people playing it globally. It is then no surprise that it is also a huge sport when it comes to placing bets. With the advancement of technology, the types of bets that people can place on soccer matches have progressed over the years. The most noticeable type of bet that has caused sports betting within soccer to skyrocket is the ability to cash out early. This type of betting has made watching soccer a lot more exciting as people have to be paying extra attention to the screen to decide whether they want to get out of the bet or stay in for the maximum gain.In the UK alone, it is estimated that a mind-blowing 1 billion pounds are spent on soccer bets each year. Soccer as a sport has also only gone up in popularity over the last few years with the American soccer league, MLS, gaining a lot of attention. Although it is a long way from being as popular as American football, soccer in the US appears to be gaining a lot more traction and fans from around the world. For this reason, it is easy to see that soccer is going nowhere anytime soon, and the interest in betting on the sport will likely only increase.
For those that are unaware, horse racing was the number one sport for betting for the longest time. This may not still be the case however, horse racing still plays a massive part in the sports gambling world, with an estimated 100 billion dollars being spent betting on the sport each year. In addition to this, horse racing is the only sport where you can actually bet on it at all times of the day.Horse racing is a huge day out for many people who save part of their earnings to spend betting on horses in the hopes of winning big. This may come as a big surprise, but Japan actually has the biggest horse racing market, with the United Kingdom following behind and then Australia behind them.
The number three spot when it comes to sports most frequently bet on is tennis. You might not have expected this but there are some reasons why this is the case. The first being that placing bets on tennis is considered relatively safe due to the odds being fairly low. For example, if one of the top players, such as Rafael Nadal, is scheduled to play against a player who is not considered very strong, it is a relatively safe bet to place on Nadal winning.