The global sports betting industry has expanded so much over the last several decades that it has evolved into one of the world’s most extensive entertainment industries and is worth roughly $130 billion.
The industry is becoming increasingly popular worldwide, with people of all ages and backgrounds getting involved. While it can be a fun and exciting way to make some extra money, it’s important to remember that it is still gambling, and there is always a risk involved.
Here are five things you might not know about sports betting:
5 Interesting Facts about Sports Betting You Must Know
1. Even the best sports bettors have a success rate of roughly 50%.
The majority of casual gamblers think that successful punters win approximately two-thirds of their wagers. However, the reality is quite different! Most sports betting professionals win between 53 and 55 percent of their stakes.
This demonstrates that there is no way to assure profits regardless of a bettor’s talent or experience since sports gambling is simply too volatile.
2. US gamblers make enormous wagers.
In the United States, the average wager size is more significant than anywhere else in the globe. This is logical, considering the United States is one of the wealthiest nations in the world.
Nonetheless, compared to other major sports betting markets, the average US sports gambler places almost 40% higher wagers than the average UK punter. In terms of particular sports, US sports bettors place the most bets on the NFL, while hockey is the most preferred choice in Canada.
3. In terms of eSports, Counter-Strike is the King!
While Dota 2, League of Legends, and Fortnite may be jostling for the top spot in eSports, CS: GO is unquestionably the most prominent betting game. This game is so popular that around half of all eSports wagers are placed on it. Dota 2 comes in a distant second.
4. At least 20% of the global population has wagered on sports.
This statistic demonstrates how widespread and frequent sports betting has grown in our culture. This does not imply that 20% of people gamble often, but it indicates that they have made at least one sports wager in their lifetime.
In addition, these statistics can vary substantially from country to country. Australia, for example, has one of the most significant proportions of sports gamblers, with over forty percent of its adults wagering almost regularly.
5. September and December are the most popular months for sports wagering.
September maintains this position since it represents the beginning of numerous sports competitions, particularly in the world of football.
Speaking about December gambling, the days surrounding Christmas and New Year’s are always immensely popular. Typically, there are a considerable number of well-selected matches for these days.