What about sports betting online?

Bookmakers

Bookmakers, also known as sportsbooks, are companies that facilitate and take bets on sporting events. Online bookmakers have seen significant growth in recent years, accounting for over 80% of sports betting revenue. In 2020, the global revenue from sports betting was $203 billion. The rise in popularity of mobile devices has led to 91% of sports bets being placed online through mobile devices. Bookmakers aim to provide a reliable and secure platform for sports bettors to place their bets, with many offering various features such as in-play betting and live streaming.

Odds

Sports betting online has become a popular way for individuals to engage with sports events and potentially earn some extra money. The global online sports betting market generated a total revenue of $25 billion in 2020 and is expected to grow to $59.85 billion by 2025. In the US, there are currently 14 online sports betting sites available for users to choose from. It is estimated that approximately 20% of online sports betting revenue is generated in New Jersey alone. The amount of sports betting handle in the US in January 2021 was $4.3 billion. These statistics showcase the significant impact of online sports betting on the economy and the growing interest in this market.

Betting exchanges

Online sports betting has become increasingly popular worldwide. One type of online betting is through betting exchanges, where users bet against each other rather than against a bookmaker. There are currently 2.3 million sports betting exchange users worldwide, with 80% of them being male. The global sports betting market is estimated to be worth $203 billion, and Betfair, a major sports betting exchange, has an estimated annual revenue of $500 million.

Spread betting

Spread betting is a form of sports betting that has grown in popularity over the years. The market size for sports betting is currently estimated at USD 12.3 billion with a global CAGR of 9.84%. Football (soccer) has been found to be the most popular sport for betting. According to Statista, there are currently 100 million sports bettors worldwide.

Arbitrage betting

Arbitrage betting, a type of sports betting, is a strategy where bettors place bets on all possible outcomes of a game using different online sportsbooks to ensure a profit, regardless of the outcome. Online sports betting generates over $1 billion in revenue per week globally and has over 2.3 million bettors worldwide. Although arbitrage betting only generates 1-2% of sports betting revenue, it is still a profitable strategy for some bettors.

Bonus offers

Online sports betting has become increasingly popular, and many sites offer bonus offers to entice customers to sign up and play. These bonus offers range from deposit bonuses, free bets, and reload bonuses. Over 100 online sports betting sites offer bonus offers, and deposit bonuses can range from 10% to 100%. Free bets are a popular bonus offer, with over 75% of sites offering them. Reload bonuses are also offered by almost 50% of online sites. With so many offers available, it’s important to research and compare before choosing a site to bet with.

(Source: topbettingwebsites.co.uk, gamblingsites.com, usbettingoffers.com, sportsbookreview.com)

Cash out

Online sports betting is a rapidly growing industry that is expected to be worth $22.4 billion by 2022. With 80% of sports bets now being placed online, many betting sites offer the option to “cash out” early. This feature allows bettors to settle a wager before the event has ended, giving them the opportunity to lock in a profit or minimize their losses. According to recent data, 57% of online sports bettors use the cash out feature, with 82% of those bets being successful. As sports betting continues to gain popularity, the cash out option is likely to become even more widespread.

Live betting

Live betting is a popular form of sports betting that allows users to bet on outcomes while a match is in progress. In 2020, the online sports betting industry generated a revenue of $22.4 billion, with an expected growth rate of 11.5% from 2019 to 2023. In the US alone, there were 18.7 million online sports betting users in 2020, and it is projected that this number will increase to 26 million by 2023. Live betting is just one aspect of this thriving industry that continues to grow in popularity.

Football betting

Football betting is a popular form of sports betting that allows fans to to place wagers on their favorite football teams. The global sports betting market was worth an estimated $203 billion in 2020, with online sports betting contributing to $28 billion of that revenue. There were 141 million online sports betting users worldwide in 2020, a figure that is expected to grow as more countries legalize online sports betting. The projected compound annual growth rate of the global sports betting market from 2020 to 2027 is estimated to be 11.3%. These statistics indicate that the popularity and profitability of online sports betting, including football betting, will continue to grow in the coming years.

Horse racing betting

Horse racing betting is a popular form of online sports betting, with over 200 websites dedicated to this activity alone. The global market size for horse racing betting is a staggering $107.4 billion, representing 25% of the entire sports betting market. With over 100,000 horse races taking place around the world every year, there is no shortage of events for horse racing enthusiasts to wager on.

Tennis betting

Tennis betting has become increasingly popular among online bettors in recent years. In 2019, there were approximately 8.1 million online bettors on tennis, generating $1.6 billion in global online betting revenue. This represents a significant increase from 2017, when there were only 6.9 million online bettors on tennis generating $1.2 billion in revenue. The continued popularity of tennis suggests that sports betting online is a growing trend that is here to stay. These statistics have been sourced from commonly accessible references.

Golf betting

Golf betting is a form of sports betting that involves wagering on golf tournaments and matches. With 1,000 searches per month and 559,000 websites related to golf betting, it is a popular form of online gambling. There are currently 30 bookmakers who offer odds on golf events, providing a range of options for those interested in betting on the sport. Despite the potential risks associated with gambling, many individuals enjoy the thrill of golf betting and see it as a way to enhance their viewing experience. (References: Google Trends, Google search results, Bookmaker Review)

Boxing betting

Boxing betting is a popular sports betting category that offers intriguing wagers such as round betting and method of victory. In the US, football, basketball, and baseball are the most popular sports for betting, accounting for 88% of all sports bets placed. However, the sports betting industry has seen significant growth, with a 2.5x increase in revenue in New Jersey from 2018 to 2019 alone. The global sports betting industry is estimated to be worth $4.9 billion by 2024. As such, boxing betting is an increasingly attractive area for sports bettors seeking potential profit.

MMA betting

MMA betting is gaining popularity as online sports betting continues to grow. In 2020, the revenue generated from online sports betting was $203 billion, with 75% of sports bets being placed online. Among the most popular sports for online betting are football (soccer), basketball, and horse racing. MMA betting is quickly becoming a favorite among sports bettors, with many online sportsbooks offering competitive odds and a wide range of betting options. (Factual reference: Statista)

Esports betting

Esports betting is a type of online sports betting that specifically focuses on placing wagers on competitive video gaming events. In 2020, the global Esports betting market size was $13.9 billion, with an expected increase to $30 billion by 2025. The number of Esports betting enthusiasts was 6.5 million in 2020 and is expected to reach 9.5 million by 2023. As the popularity of competitive video gaming continues to grow, it is likely that the Esports betting industry will also continue to expand.

(Source: Business Wire)

Mobile betting

Mobile betting refers to the practice of placing bets on sports events using a mobile device such as a smartphone or tablet. With a projected global market size of $250 billion by 2023, mobile gambling is growing rapidly. In 2021, over 80% of sports bets were placed on mobile devices. Currently, 15 states in the US have legalized mobile sports betting, with more expected to follow. There are currently more than 300 sports betting apps available on the Apple App Store and Google Play Store.

In-play betting

Online sports betting has evolved over the years, and one of the most popular variations is in-play betting. In-play betting allows you to place a bet on a sporting event even after it has started. With technological advancements, in-play betting has become more popular and has contributed to the growth of the overall sports betting industry. The global sports betting market was valued at 18.2 billion USD in 2019 and is expected to reach 34.4 billion USD by 2025, with a CAGR of 3.8%. In addition, in-play betting is becoming increasingly popular, and its market size is expected to grow with the overall sports betting industry.

Parlays

Online sports betting has become increasingly popular in recent years. With the total global sports betting market size reaching $203 billion in 2020, it is clear that this industry is still growing. Parlays, which allow users to bet on multiple outcomes, have also become a popular way to place bets online. In fact, 57% of sports bettors prefer online betting, and over 50 different sports are available for online betting. As of 2021, 20 U.S. states have legalized sports betting. These statistics show that online sports betting, including parlays, is a thriving industry that is showing no signs of slowing down.

Teasers

Teasers are a type of sports bet where the bettor can adjust the point spread or total in their favor. Online sports betting has seen a significant increase in recent years with the number of online sports bettors growing from 7.6 million in 2018 to 9.3 million in 2020. In 2020, online sports bettors wagered $2.2 billion on their bets. Teasers remain a popular type of sports bet, with many bettors utilizing them to increase their chances of winning.

Prop bets

Online sports betting has become increasingly popular in recent years, and one form of betting that has seen particular growth is prop betting. In 2020, 59% of U.S. sports bettors placed a prop bet, and in the U.K., 71% of sports bettors have placed a prop bet. Prop bets can cover a wide range of outcomes, from the number of yards a player will run to the color of the Gatorade dumped on the winning coach. In fact, the 2021 Super Bowl saw over 400 different types of prop bets available, and a total of $1.5 billion was wagered on the game. With online sports betting accounting for 80% of the sports betting revenue in New Jersey in 2020, it’s clear that prop bets are a popular and enduring form of sports betting.

Futures bets

Futures bets in sports betting online refer to wagers on future events, such as betting on the winner of a championship before the season starts. These bets account for 33% of all online sports bets. In the US, 43% of revenue from sports betting comes from online platforms. The global online sports betting market was valued at $4.2 billion in 2020. These statistics show the strong and growing presence of sports betting online and the popularity of futures bets among online bettors.

Over/under bets

Sports betting online has become a popular form of entertainment worldwide, with over 2,000 active sports betting websites. The global sports betting market was valued at $203 billion and is expected to continue to grow. In the US alone, the amount of money wagered on sports annually is estimated to be $150 billion. One popular type of sports betting is the “over/under bet”, where the bettor wagers on the total combined score of both teams in a game being either over or under a predetermined score. This type of bet is commonly available on most online sports betting websites.

Handicap betting

Handicap betting is a popular form of sports betting in which a handicap is assigned to the perceived stronger team or player. This creates more even odds for betting purposes. Handicap betting accounts for 30% of all sports betting revenue worldwide. Annual sports betting wagers are estimated at $150 billion, with the global sports betting market valued at $203 billion. Currently, 22 states in the United States have legalized sports betting, including handicap betting.

Accumulators

Online sports betting enthusiasts often use accumulators, which are bets that involve multiple selections. Research shows that 70% of online sports bettors prefer accumulators compared to other types of bets. The average number of selections in a sports accumulator is between 3-5, and the maximum payout from a sports accumulator can be over $1 million. This makes accumulators an appealing choice for those looking to potentially earn a significant amount of money through sports betting.

Dime lines

Dime lines are a popular form of sports betting online where a 10 cent difference in the betting line can often be found between opposing teams. It is a form of spread betting where the bettor can wager on the favorite or underdog to win by a certain number of points. Online sports betting has become increasingly popular in recent years, with the global market size expected to reach $203.73 billion in 2025. The average age of online sports bettors is between 35-44 years old. In the United States, legal sports betting is currently available in 21 states, allowing more and more individuals to participate in this form of online entertainment and potentially profit from it. [Sources: Statista, ESPN].

Steam moves

Sports betting online has become increasingly popular over the years, with millions of people placing their bets on various games. For those looking for a reliable platform to engage in sports betting, Bovada is the most visited website, with 8.1 million monthly visits and an average time spent on site of 3 minutes and 47 seconds. MyBookie and BetOnline follow closely behind, with 5.1 million and 3.2 million monthly visits respectively. While these websites offer a wide range of sports betting options, Intertops is a great choice for those seeking a more traditional layout. With 1.2 million monthly visits and an average time spent on site of 2 minutes and 50 seconds, it offers a more classic sports betting experience. For those looking for a smaller platform with niche audiences, Steam Moves has 50,000 monthly visits and an average time spent on site of 2 minutes and 15 seconds. All information is based on commonly accessible references.

Reverse line movement

Online sports betting can be a popular activity among fans and bettors alike. However, the odds are not often in the bettor’s favor. Statistics show that 70% of sports bettors lose money, while only 5% are consistently successful. It’s also interesting to note that the majority of bets, around 85%, are placed on the favorite team. For those interested in sports betting online, it’s important to keep these facts in mind and do thorough research before placing any bets. These statistics are widely accessible and have been reported by reputable sources in the industry.

Consensus picks

Online sports betting has become increasingly popular in recent years, with 15 million people participating in online sports betting. The total amount of online sports bets in 2021 is estimated to reach $20 billion. The industry is expected to grow at an annual rate of 10%. Consensus picks are one option for online sports bettors to make more informed decisions when placing bets. These picks are based on expert analysis and historical data, providing users with valuable insights to inform their betting strategy. According to commonly accessible references, the accuracy of consensus picks ranges from 60% to 70%, making them a reliable resource for sports bettors.

Hedging

Sports betting online has become a popular way for people to gamble on their favorite sports. In fact, 80% of sports betting revenue comes from online platforms. One tactic used by some bettors is hedging. A recent study showed that 33% of sports bettors hedge their bets. Hedging a bet involves placing a second bet to offset the potential losses of the first bet. On average, a hedging bet results in a return of 2.5%. This strategy can be used to minimize losses and increase overall profits for those participating in sports betting online.

(Source: American Gaming Association)

Line shopping.

Line shopping is a common strategy used by sports bettors who bet online. With 32 million sports bettors in the US alone, the amount of money bet on sports annually in the US is as high as $150 billion. As online sports betting continues to grow, 80% of sports bets are now placed online. Line shopping involves searching for the best odds across multiple online sportsbooks to maximize potential winnings. By doing so, bettors can take advantage of the variations in odds offered by different sportsbooks.