Sports betting is now common with fans using their knowledge of the sports to place bets, and football being the most favoured sport for betting.
However, sports betting is a vast area and implies betting on multiple sports which are quite different from each other in terms of popularity and conditions for betting.
Popularity and Market Size
Football Betting
Football is the most favoured game in the entire world and has the largest followership across continents with half of the world’s population of ardent fan base.
This translates to a large betting market, aseen from the likes of Champions League and FIFA World cup having millions of bets placed on them.
This means that for any bettor, there are many chances of placing the bet depending on the extent of domestic or international competitions.
Other Sports Betting
However, the various football leagues take the biggest share while other sports such as basketball, baseball, tenis among others also offer considerable markets for bets.
For example the NBA and MLB baseball leagues in the USA receives a lot of bets namely during playoffs and finals.
Still, the existing market of such sports seems to be, in any rule, of lesser magnitude than that of football that benefits from a broader range of popularity.
Types of Bets
Football Betting
They can predict simple wagers like 1X2 (Home team wins, Away team wins, or Draw) or more sophisticated stakes like Handicap and Over/Under, and many more including special stakes such as First Goalscorer.
That the option of live betting is available enhances this fun because it gives the bettor an opportunity to bet as a match progresses.
Other Sports Betting
Other sports also provide a large number of opportunities for making bets, although the types of bets can be arranged quite differently.
For instance, basketball has a point spread and total while tennis entails bets on winner of match or sets.
As the football and sports betting, in general, expand, both football and other sports will continue to play a major role in the experience of fans worldwide.
