Sports betting is one of the biggest parts of the online gambling industry. According to statistics from the UK Gambling Commission, found here, the UK alone spent £14.5 billion in 2018 in total, with sports betting, chiefly football, making up a large proportion of this.
A part of sports betting’s appeal is that it allows people to boast about their winnings or to bond over their losses. However, this isn’t the only thing that’s helping this online gambling market to grow so significantly.
There Are Many Ways to Bet
One reason why sports betting is so popular is that it allows players to play and place bets the way that they want. If you want to place multiple bets on multiple games or you want to bet on who will win the match and what the score will be, then you can do that. You can also customize your bet so that you have a better chance of winning, or take more of a risk for a higher payout.
Some of the ways that you can place a bet include flexi betting, where you bet a percentage of a betting unit; live betting, which is where you place a bet on a game that has already started; and spread betting, which offers potentially unlimited wins. All of these ways to bet mean that players have more ways to enjoy sports betting, and you can click here to find out more about what each betting type means.
Bettors have a huge variety to choose from
Sports betting is also popular because it’s so accessible. Some of the biggest sports in the world are basketball, football, cricket, baseball, and rugby, according to this article. However, regardless of what sport you follow, you can be sure to find betting markets that let you bet on many different outcomes across games.
One such growing genre is esports, which allows people to play their favourite games at a professional level. Other sports such as athletics and swimming are also more popular, especially during the Olympics. With sports betting, fans of these sports don’t have to feel left out.
Sports Betting is Unpredictable
People love sports because they are unpredictable, according to this online post. Players don’t know how a game will end, and that’s why they keep watching. Fans want to know whether the favourites will gain and maintain a commanding lead, or if the underdogs will make a surprise comeback.
Sports betting allows people to bet on that predictability, allowing them to put their knowledge of a sport or a team to the test. Sports betting is as unpredictable as the sports themselves, giving fans an extra layer of engagement that makes them so much more invested in the outcome.
Sports betting has been around for years, with betting apps and sites giving people a new way to play. It’s only a matter of time until we see the next big innovation!