Many sports enthusiasts are increasingly looking to enter the betting industry as sports betting gains popularity. Every year throughout the sports season, seasoned sports bettors wager billions of dollars at legal internet bookmakers, casinos, and neighborhood bookies.
Nowadays, most betting platforms offer options for betting on most sports: football betting, cricket betting, and many others. With that said, we have listed the top five sports in terms of betting volume based on the total amount of bets estimated from internet betting, local bookmakers, and offshore sportsbooks.
Football/soccer
When it comes to the most well-liked market in UK sports betting, there is only one place to begin, and that is with the nation’s most popular sport, football. Every week, millions of fans travel to support their club. Catch the action on television even more. Many of those supporters like placing occasional wagers on football. The weekly football Acca has evolved into a standard in culture. Who will score the opening goal during the game dominates pub conversation. Analysis of where bets are won or lost after games have become customary. Betting and sports are distinct concepts on a national and international level yet betting and football are becoming interchangeable.
American football
American Football is without a doubt the most popular sport in the country, both for players and spectators. People follow the NFL like a religion, and it boasts some of the most devoted supporters of any sport. It should come as no surprise that American Football is one of the most popular sports for betting, given the enormous competitions it hosts, like the Super Bowl, which draws interest from all over the world. The diversity of leagues that are available for betting is another factor in why people enjoy wagering on American football. There are plenty of teams to cheer for and bet on as people can wager on college football up to the NFL. They can also decide to place wagers during actual games or to do so beforehand. The popularity of this sport in the gambling world is boosted by the availability of more possibilities, which means more chances to wager on various teams in various ways.
Horse racing
For those who don’t know, horse racing used to be the most popular sport for wagering. While this may not still be the case, horse racing continues to play a significant role in the world of sports betting, with an estimated 100 billion dollars being wagered on the activity annually. Horse racing is the only sport in which wagers can be placed at any time of day, in addition. Many individuals save up a portion of their income to spend on wagering on horses in the hopes of striking it rich. The United Kingdom, Australia, and then Japan are the three countries with the largest markets for horse racing, which may come as a major shock to some.
Cricket
Cricket is only well-liked in a few regions of the world, but competitions draw huge crowds. Cricket still boasts one of the largest betting figures despite its low popularity. Largely heated build-ups are typical in cricket matches between major rivals, which enhances the likelihood that bettors would back their preferred teams.
Basketball
Other than the NBA, there are several basketball leagues located all over the world. Every one of these leagues draws both bettors and bookmakers. Because there are so many low-risk betting choices with decent rewards, betting on basketball appeals to a lot of individuals.
Conclusion
Many additional sports draw intriguing sports betting statistics globally, but the ones we’ve highlighted above draw the most. If your preferred sport is not included, you can start placing additional bets on your preferred teams to help boost the overall amount of sports betting for the activity.