Sports betting has seen a massive surge globally in the last few years. This interest continues to pique as people can now do online betting via websites and applications anywhere in the world.
However, plenty of betting sites are available online to get started. But how would you know which sports are popular for betting worldwide?
So, this is what we are here to discuss, the top sports for betting worldwide.
Top 4 Sports for Betting Worldwide
You might not know, but sports betting is prevalent around the globe. Don’t believe us? Just look at the numbers.
Did you know that sports wagering makes up at least 30 to 40% of the global gambling market? This may also include poker, casinos, lotteries, and other games. According to a few sources, a typical estimation states that around 500 million dollars are wagered worldwide in sports betting on betting sites and applications.
So you can see how popular it is. But which ones are the most popular sports to bet on? Let’s find out.
Did you know that soccer is the biggest and most played sport worldwide? So, of course, it had to be on this list.
A few years ago, horse racing had the top spot but early cash-outs and in-play betting made soccer a giant monster in the sports betting world. According to a report, around $1 billion is bet on soccer annually in the UK. The number is much higher in the United States and Canada.
Football is one of the most popular sports globally, with the biggest regulated draw at sportsbooks. Professional football games in Europe, the USA, and Canada attract much attention and generates the most significant overall handle.
In the United States and Canada, people can bet on college football and professional games through different betting types, including live betting and money lines.
This may surprise you, but tennis is another popular sport to bet on globally. Did you know when the first time live betting began? It was about tennis when people bet between the two players who would win the set.
Different combinations of betting around tennis make it very interesting for professional gamblers.
Horse racing and gambling go hand in hand. Business tycoons, millionaires, and successful entrepreneurs take time and focus on betting on horse racing, and it is a game that many like to play.
Horse races are global events; big prize rewards attract more viewership and participation. It is also one of the only sports you can bet on throughout the day.
These are some of the popular sports to bet on around the globe. There is also rugby and golf, but not many people pay attention. But since soccer, football, cricket, and horse racing are mainstream sports, more and more people are interested in betting on them.
We hope this article gave you some insight, do leave us with your feedback below regarding what else would you like to know.