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In the offline and online world of sports betting the stakes are huge, with some of the largest betting conglomerates having millions of customers around the globe. Sports betting makes up about 30-40 percent of the worldwide gambling market, which includes lotteries and casinos, poker, and other gaming. It's estimated that nearly half a trillion (over EUR500 million) is bets placed in bets all over the world annually. Within the USA alone, the Investment company Morgan Stanley predicts the betting market will earn nearly $7 billion in revenue by 2025, a rise from $833 million in 2019.
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Betting is now a reality in all sports and newer segments like eSports are among the fastest-growing both in terms of player participation viewership, as well as betting. There have always been the standard handful of giants that make up the vast majority of the betting on sports betting market. While figures may vary depending on the nation, for the major part they are the most frequent sports bets:Football
Soccer is the biggest and most played sport on the planet which is why it's at the top of the list in the world. Horse racing was once top of the pile but the rise of play betting and cash-outs early have changed betting in football into a massive. It's estimated that up to PS1 billion is bet on football each annually in UK. Due to many unregulated markets it's difficult to come up with accurate figures on the global market. However, with the number of people watching football reaching hundreds of millions for major events, the true figure of betting on football is huge.The only country where soccer doesn't rank first could be in the USA where the NFL reigns supreme, Australia, and New Zealand where rugby is a major sport, and in Canada where the national game of Hockey would be the highest on the betting charts.
Horse Racing
It's a sport which has been synonymous with gambling for decades and throughout time, racing on horses was the most popular sport betting on. It's still a major global sport and the only sports that you can bet 24/7 around the world, some of the most profitable sporting events are horse races. those with high prize payouts also enjoy large crowds and huge gamblers. Betting on the horse race is believed at more than EUR100 billion annually. Surprisingly Japan is the largest market, then Australia, the UK, Australia. Racing is an enormous industry throughout the USA and, with betting becoming legalised in some states, this could be a sleepy giant.
Tennis
It's likely to come as a surprise to many who think tennis is the third most-loved sport to betting on across the world. In-play or live betting was first introduced when you could choose to bet on who would win a set, now you are able to bet on the player who is likely to win the game, this amount of combinations is what makes tennis an extremely high-frequency betting sport. The draws in tennis also makes it a very easy to bet at low odds. For example, in the first few rounds , you could have either Federer or Nadal competing against an outsider and given the fact that the three biggest players in tennis have been dominating the game for more than 20 years, they very rarely defeat an outsider. However, live betting has been the major cause of the rapid growth on tennis betting.
Golf
Golf has been one of the most prominent risers of sports betting over the last couple of years. With 78 golfers playing at any given moment on the course, and a myriad of betting strategies, it's hard to see why this is a hugely popular choice with gamblers. The biggest events are played over three days, while major events are four days long, add this to the sheer number of participants on the field, and you'll have chances, odds, and variable outcomes than there are in other sports.
NFL
Since online betting within the USA being legalized, American Football is most likely to be a major betting and betting winner. The NFL and its most climactic Super Bowl are globally watched and bet on, in the betting market will only increase from here.
Rugby
Rugby Union has been a major climber on the betting charts, with a lot of nations emerging through in the ranks of the game. There are now 30 rugby playing nations around the globe with 20 of these qualifying for 2019's World Cup, which was the largest rugby tournament in the history of the game.Outside of the World Cup, the Home Nations in the Southern Hemisphere and Six Nations in Europe are the two main annually events that people like to take a punt on. Also, there's the Super Rugby League, Premiership in England, Top 14 in France, and the Champions Cup for the top European teams that all attract huge volumes of betting.In-play betting in a game with so many variables made football one of the popular games to bet on last year.
Boxing / MMA
Boxing is another sport synonymous with betting for many years . while it may have been replaced by football tennisand golf are still a big one. MMA is a relatively new sport but through the history of the UFC there has been a steady increase in the number of fighters increasing.
E-Sports
The sport that is growing the fastest and market for sports in relation to betting volume is ESports. The growing popularity of eSports is pushing bookmakers to be able to keep up or fall behind. Virtual racing was in existence for many years, other virtual sports have been exploding in popularity in 2020, with all the major bookmakers offering different matches for eSports betting The increasing volume of eSports match betting is rapidly driving revenue generation across the betting on sports betting sector.If you don't want to leave your home and gamble in your house, and you're looking for a casino that's convenient, then Indobet could be the perfect casino for you. You can play online on your own time. Get a signup bonus now when you sign up your account.