Sports betting has seen a significant rise in popularity worldwide in recent years. Online betting, in particular, has become one of the most economically viable industries in the world. Online casinos and sportsbooks continue to attract new bettors every day, and there is no shortage of betting options from which to choose. But what exactly are most people betting on? Let's review the top most popular betting sports:
1. Soccer:
Soccer is by far the biggest, most followed, and most played sport in the world. It is also the most betted game across the board. By current estimates, soccer bets in the UK average over £1 billion a year. Since the betting market is unregulated, it is difficult to project the figures for the rest of the world, but the number must be enormous. This is considering global soccer viewership is in the hundreds of millions.
The FIFA World Cup accounts for the largest betting volume in soccer. Betters get to wage on every event of the tournament, which happens every four years. Outside of the tournament, millions of people every day bet on daily games, friendly matches, local leagues, and more. This is made possible by ever-growing and reputable sportsbooks like Betway.
2. Tennis
One of the most popular games on the Betway online sports betting platform is tennis. Previously, bettors could bet on who was going to win a set through in-play or live betting. Today, you can wager on who will win a game, which creates many combinations that make this a very high-frequency sport for betting. You can also enjoy easy low odds through the draws in tennis.
Did you know that the International Tennis Federation holds over 93,000 matches and 1,500 tournaments a year? The Wimbledon tournament draws over 1 billion viewers at one point or another. This means that there is always a game for you to bet on any day of the week, which explains the game's popularity among bettors.
3. Basketball
In value alone, basketball is the second most popular betting sport in the world. The American Gaming Association reports that March Madness attracts about $10 billion in wagers. The single-elimination tournament involves 68 teams battling it out through seven rounds for the national championships.
4. American Football-NFL
Football is the most popular sport in the US, with the professional version attracting millions of fans and betting action. Bettors in some parts of the world bet on both college football and NFL, with the available bet types ranging from live betting to money line sport.
5. Horse Racing
Horse racing has been closely associated with gambling for most of history. Before recent developments in the industry, it was long the most popular sport to wager on. While its status has somewhat dwindled, horse racing is still a global shark and the only game you can bet on from any part of the world 24/7.
Conclusion
Illegal sports betting not included, the sports betting industry is estimated to be worth over $3 trillion. While betting niches like eSports are on the rise, some sports giants have notched out a permanent space in the betting hall of fame. The statistics will vary from country to country, but, for the most part, these include soccer, basketball, tennis, and American football.
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