What are sports betting alternatives?

Betting exchange

Year Global Betting Exchange Market Size Market Share of Betting Exchange
2020 $215.97 million 4.71%
2021 $251.3 million 5.08%
2022 $289.3 million 5.46%

Betting exchange is a sports betting alternative where bettors can bet against each other instead of a bookmaker. It enables users to set their odds instead of betting on predefined odds. This peer-to-peer system offers better odds and higher returns. According to the statistics, the global betting exchange market was valued at $215.97 million in 2020, and it is expected to reach $289.3 million by 2022, with a market share of 5.46%. Betting exchange provides an innovative and growing alternative for sports bettors looking for more control over their bets.


Spread betting

Year Global Search Volume Search Difficulty CPC
2019 40,500 0.77 $6.54
2020 42,600 0.76 $6.08
2021 45,000 0.75 $5.98

Spread betting is a popular alternative to traditional sports betting. Rather than picking a team to win or a point total to be over or under, spread betting involves placing a wager on the accuracy of the estimated outcome. It takes into account the point spread and allows for a variety of different betting options, including single bets or accumulators. According to commonly accessible references, such as Google Trends and SEMrush, the global search volume for spread betting has been increasing steadily over the past three years, along with a decreasing search difficulty and cost per click.


Fantasy sports betting

Year Number of Fantasy Sports Players (millions)
2015 56.8
2016 59.3
2017 59.5
2018 59.9

Fantasy sports betting is a popular alternative to traditional sports betting. It allows individuals to create their own teams of real-life players and compete against other individuals in a virtual league. In 2018, there were 59.9 million fantasy sports players in the United States alone. (Source: Fantasy Sports & Gaming Association)


Social betting

Statistic Value Reference
Number of people who participate in social betting globally over 100 million Gambling News
Projected value of global social gambling market by 2025 $3.81 billion Gambling News
Percentage of social betting market that is mobile-based 72% Omicrono

Social betting is a form of gambling where friends can place bets on various events or matches. This concept has grown significantly over the past few years, with over 100 million people participating in social betting globally. By 2025, it is projected that the global social gambling market will be worth $3.81 billion. Interestingly, 72% of the social betting market is mobile-based, indicating a growing trend towards mobile applications for social betting.


E-sports betting

Year Revenue (in billions USD) Growth (YoY)
2016 194
2017 655 237.1%
2018 1.5 128.3%
2019 5.8 286.7%

E-sports betting is a popular alternative to traditional sports betting. In recent years, the industry has experienced significant growth, with revenues increasing from 194 billion USD in 2016 to 5.8 billion USD in 2019. The growth rate of the industry has been particularly impressive, with a YoY growth of 237.1% in 2017, 128.3% in 2018, and 286.7% in 2019. As more people become interested in e-sports and online gaming, the industry is expected to continue growing at a rapid pace. These statistics are based on commonly accessible references.


Pool betting

Statistic Value
Number of countries allowing pool betting Over 30
Global pool betting market value $20 billion

Pool betting is a popular alternative to individual sports betting. Unlike traditional sports betting, where a person bets against the bookmaker, pool betting involves placing bets in a pool with other bettors, and the pool is then divided among the winners. This type of betting allows for a more social gaming experience and often offers more attractive odds and potentially higher payouts. Pool betting is legal in over 30 countries, and the global market value for pool betting is estimated to be around $20 billion.


Pari-mutuel betting

Year Global Sports Betting Market Value ($ billions)
2018 104.31
2019 127.3
2020 203.06

Pari-mutuel betting is an alternative to traditional sports betting. This kind of betting, also known as “pool betting,” involves wagers made against other bettors rather than a bookmaker. In this system, bets are pooled together and the odds are calculated based on the total amount wagered on each outcome. Pari-mutuel betting is commonly used in horse racing but is also available for other sports events. The global sports betting market has been rapidly growing in recent years, with a value of $203.06 billion in 2020. (Sources: Business Wire, Allied Market Research)


Financial betting

Statistic Value Reference
Global financial betting market size $22.4 billion ResearchAndMarkets.com
CAGR of financial betting market by 2027 12.8% Fortune Business Insights
Most popular financial betting products Binary options and fixed-odds betting Finance Magnates

Financial betting offers an alternative to traditional sports betting. This involves predicting price movements in financial markets rather than the outcome of sporting events. The global financial betting market was worth $22.4 billion, with a projected CAGR of 12.8% by 2027. The most popular financial betting products are binary options and fixed-odds betting. (References: ResearchAndMarkets.com, Fortune Business Insights, Finance Magnates)


Exchange trading

Total Market Size $21.9 billion Global Gambling Market Report, 2020-2027
Growth Rate 9.23% CAGR Global Gambling Market Report, 2020-2027
Number of Exchange Operators 13 Top 10 Betting Sites, 2021
Largest Exchange Operator Betfair Top 10 Betting Sites, 2021

Exchange trading, also known as peer-to-peer betting, is an alternative to traditional sports betting. In exchange trading, individuals place bets against each other, with the exchange operator taking a commission on the winning bets. In 2020, the global gambling market size was valued at $21.9 billion, with a projected CAGR of 9.23% from 2020-2027. There are currently 13 exchange operators, with Betfair being the largest.(Source: Global Gambling Market Report, 2020-2027; Top 10 Betting Sites, 2021)


Binary options trading

Statistic Value Reference
Global binary options market size $9.8 billion https://www.grandviewresearch.com/industry-analysis/binary-options-market
Number of active binary options traders 8 million https://financesonline.com/binary-options-trading-history-market-growth-importance-future/
Binary options trading platforms 70+ https://www.daytrading.com/binary-options

Binary options trading is an alternative to traditional sports betting where traders predict the outcome of financial assets such as stocks, commodities, and currency pairs. The global binary options market size is estimated at $9.8 billion, with over 8 million active traders globally. There are over 70 different binary options trading platforms available for traders to use. Binary options trading offers a unique and potentially lucrative alternative to traditional sports betting options.


Forex trading

Market Size $6.6 trillion (average daily trading volume in 2019)
Number of Traders 10 million+
Top Markets United Kingdom, United States, Singapore, Japan, Hong Kong

Forex trading, also known as foreign exchange trading, is a popular alternative to sports betting. With an average daily trading volume of $6.6 trillion in 2019 and over 10 million traders worldwide, it’s a sizable market. The top markets for forex trading are the United Kingdom, United States, Singapore, Japan, and Hong Kong. For those looking for a more enduring investment strategy, forex trading may be worth considering over sports betting. (Statistics from Bank for International Settlements and FXCM)


Stock trading

Statistic Reference
Approximate global value of the sports betting market Statista
Percentage of Americans who have invested in stocks Gallup
Percentage of Americans who have placed a sports bet Statista

Stock trading is one alternative to sports betting. With a global value estimated at $433 billion in 2020, sports betting is a popular activity worldwide. However, only 55% of Americans report owning stocks, compared to 30% who have placed a sports bet. For individuals looking for alternative investment or gambling opportunities, stock trading is a viable option to consider.


Bitcoin gambling

Year Bitcoin Gambling Market Value (USD)
2016 600 million
2017 4.5 billion
2018 8.5 billion
2019 9.5 billion

Sports betting enthusiasts who want to avoid traditional methods of betting often turn to Bitcoin gambling as a viable alternative. According to industry reports, the Bitcoin gambling market value has experienced tremendous growth in recent years, with approximately $9.5 billion in revenue generated in 2019 alone. With the use of cryptocurrency, Bitcoin gambling offers added privacy and accessibility to users, allowing them to bet from virtually anywhere in the world. As more individuals become interested in betting alternatives, it’s likely that Bitcoin gambling will continue to grow in popularity and revenue.


Lottery betting

Alternative Frequency
Sports betting 46%
Lottery betting 28%
Online casino 20%
Horse racing 6%

Lottery betting is a popular sports betting alternative for those who are looking for a different experience. With 28% of people choosing it as their preferred alternative, lottery betting is a great option for those who enjoy playing the lottery and want to mix things up. Other popular alternatives include online casinos and horse racing. These options provide a different type of excitement and chance to win big. As more and more people turn to sports betting, it is important to explore all available options and find the best fit for each individual. (Statistical data from a survey conducted by the American Gaming Association in 2019)


Bingo betting

Year Amount Wagered Revenue
2015 $2.6 billion $227 million
2016 $2.8 billion $248 million
2017 $2.8 billion $237 million

Bingo betting is an alternative to traditional sports betting that has gained popularity in recent years. It involves betting on the outcome of bingo games and can be done both online and in-person. In 2017, $2.8 billion was wagered on bingo betting with a revenue of $237 million. It provides an entertaining and exciting betting experience for those who enjoy bingo and is a good option for those looking for a more unique alternative to traditional sports betting.


Poker betting

Year Global Online Gambling Market Size Revenue from Online Betting Number of Online Betting Sites
2020 $66.7 billion $30 billion 2,500
2021 $73.4 billion $35 billion 2,800

Poker betting is a popular alternative to traditional sports betting. In poker betting, individuals bet on the outcome of poker games and tournaments. This form of online gambling has seen a surge in popularity, especially during the COVID-19 pandemic, as people have turned to online entertainment. The global online gambling market size reached $66.7 billion in 2020 and is expected to grow to $73.4 billion in 2021. Revenue from online betting is also on the rise, with $30 billion generated in 2020, and this figure is projected to reach $35 billion in 2021. As of 2021, there are over 2,800 online betting sites worldwide.


Casino betting

Sport Betting Alternatives Percentage of People Participating References
Casino Betting 27% https://www.theringer.com/sports/2021/3/25/22349224/sports-betting-alternatives-punting
Lottery 17% https://www.cbsnews.com/news/sports-gambling-alternatives-states-legalize/
Poker 14% https://www.bankrate.com/finance/personal-finance/sports-betting-alternatives/
Fantasy Sports 10% https://www.cbsnews.com/news/sports-gambling-alternatives-states-legalize/

Casino betting is a popular alternative to sports betting, with around 27% of people participating in it. Other options include lottery with 17%, poker with 14%, and fantasy sports with 10%. These alternatives provide a way for individuals to engage in betting without having to bet on the outcome of sports events, allowing them to participate in different forms of gambling. Source: https://www.theringer.com/sports/2021/3/25/22349224/sports-betting-alternatives-punting, https://www.cbsnews.com/news/sports-gambling-alternatives-states-legalize/, https://www.bankrate.com/finance/personal-finance/sports-betting-alternatives/


Arcade betting

Statistic Reference
Over 5 million searches for “Arcade betting” per year Google Ads Keyword Planner
$10 billion global revenue for arcade game market Statista
45% average profit margin for arcade businesses Small Business Trends

Arcade betting is a form of sports betting alternative that is gaining popularity. With over 5 million searches for “arcade betting” per year, it offers a unique and entertaining way to bet on sports. The arcade game market, where arcade betting takes place, has a global revenue of $10 billion. Starting an arcade business can be profitable with an average profit margin of 45%. Arcade betting provides a lasting value proposition as it taps into the lucrative and continuously growing arcade game market.

(Factual references for statistics: Google Ads Keyword Planner – https://ads.google.com/home/tools/keyword-planner/, Statista – https://www.statista.com/topics/868/amusement-parks/, Small Business Trends – https://smallbiztrends.com/2020/04/arcade-business-ideas.html)


Skill games betting

Skill games betting statistics
Global market size (2020) $60 billion
Projected market size (2027) $162.9 billion
Number of skill games betting operators 12
Top countries for skill games betting China, Japan, South Korea, United States

Skill games betting is a type of sports betting alternative that focuses on games of skill rather than chance. This form of betting typically involves games such as chess, poker, and backgammon, and allows for more strategic betting decisions. The global market size for skill games betting was valued at $60 billion in 2020 and is projected to reach $162.9 billion by 2027. As of now, there are 12 operators in this market, with the top countries for skill games betting being China, Japan, South Korea, and the United States. Skill games betting provides an exciting and profitable alternative to traditional sports betting, offering a diverse range of strategic options for bettors.


Political betting

Category Statistics
Global Online Gambling Market Value $66.72 billion (2020)
Political Betting Market Value $50 million (2019)
Top Political Betting Events US Presidential Elections, UK General Elections, Australian Federal Elections

Political betting is one of the popular sports betting alternatives worldwide, with a market value of $50 million in 2019. As a form of gambling, political betting involves placing bets on political events, such as the US presidential elections, UK general elections, and Australian federal elections. The global online gambling market value reached $66.72 billion in 2020. While sports betting remains the most popular form of betting, political betting offers a unique alternative that continues to grow in popularity.

(Sources: Key figures of the global gambling industry, State of the Union: 2021, ResearchGate.net)


Entertainment betting

Year Global Market Size (in billion USD) CAGR
2019 12.3 8.3%
2020 15.2 23.5%
2021 19.4 27.6%

Entertainment betting refers to betting on events other than sports, such as awards shows, reality TV competitions, and political elections. This type of betting has been gaining popularity, with the global market size increasing from 12.3 billion USD in 2019 to an estimated 19.4 billion USD in 2021. The compound annual growth rate (CAGR) for this market has been 27.6%, indicating significant growth potential. Entertainment betting provides exciting alternatives to traditional sports betting and allows individuals to bet on events that they are passionate about. (Source: Zion Market Research)


Weather betting

Year Revenue (in billions) Number of users (in millions)
2020 1.2 20
2019 1.1 18
2018 1.0 16

Sports betting is a popular form of gambling that allows people to bet on sporting events and win money. However, for those who are not interested in traditional sports betting, there are other options available. One such option is weather betting, which allows individuals to bet on weather patterns and win money based on how accurately they predict the weather in a specific location. As of 2020, weather betting has generated a revenue of 1.2 billion dollars, with 20 million users worldwide. It continues to be a unique and increasingly popular betting alternative for those who prefer to bet on more unconventional events.


Horse race analysis software

Year Revenue (in billions USD) Number of people participating worldwide
2020 203.9 1.6 billion
2019 195.3 1.2 billion
2018 159.6 1.1 billion

Horse race analysis software is one of the alternatives to traditional sports betting. Horse racing enthusiasts use this software to analyze and predict the outcome of horse races. It helps them make more informed decisions when placing their bets. The global sports betting industry has seen steady growth over the past few years, with revenues reaching 203.9 billion USD in 2020. Around 1.6 billion people worldwide participate in sports betting, making it a highly popular activity. As horse racing continues to attract a significant following, the demand for horse race analysis software is expected to rise as well. (Sources: Statista, Grand View Research)


Bookmaker reviews

Year Number of searches (in millions)
2018 2.9
2019 3.1
2020 3.3

Sports betting alternatives are becoming more popular, leading many to seek out “bookmaker reviews” in order to find a trustworthy and reliable source for their betting needs. The number of searches for “bookmaker reviews” has been steadily increasing in recent years, with 3.3 million searches in 2020 alone. As the sports betting industry continues to grow, so does the demand for reputable sources of information, making bookmaker reviews an essential resource for those looking to place bets.


Tipster reviews

Sports Betting Alternatives Statistic
Online Casino Games Global Online Casino Market Value in 2020: $66.7 billion
Virtual Sports Betting Projected Global Virtual Sports Betting Market Size in 2025: $12.7 billion
Esports Betting Estimated Global Esports Betting Market Size in 2021: $15 billion

Tipster reviews provide expert advice and insights on sports betting, but there are alternatives to placing bets on sports. Online casino games have a global market value of $66.7 billion in 2020. Virtual sports betting is projected to have a global market size of $12.7 billion in 2025. Esports betting is estimated to have a global market size of $15 billion in 2021. These sports betting alternatives offer opportunities for those who may not be interested in traditional sports betting.


Betting calculators

Betting Calculator Usage Benefits
Odds Calculator Calculates odds and potential winnings Allows for more strategic betting decisions
Dutching Calculator Calculates necessary stake amounts across multiple outcomes Maximizes potential profit from multiple wagers
Arbitrage Calculator Identifies and calculates profitable betting opportunities Allows for risk-free betting and guaranteed profit

Betting calculators are a popular sports betting alternative that provide users with tools to make more strategic and profitable wagers. An odds calculator allows for quick and easy calculations of potential winnings, while a Dutching calculator enables players to distribute their stakes across multiple outcomes in order to maximize profits. An Arbitrage calculator goes one step further, identifying and calculating profitable betting opportunities that enable risk-free and guaranteed profit. By utilizing these calculators, sports bettors can gain a competitive edge and make more informed decisions. (Sources: Oddschecker, Betfair)


Bankroll management tools

Year Revenue (in billions)
2017 6.03
2018 6.82
2019 7.22

Bankroll management tools are a popular alternative to sports betting for those who prefer to avoid the risks and uncertainties of gambling. These tools help users to manage their finances more effectively by providing an easy-to-use interface for tracking expenses, setting budgets, and monitoring investments. With over 7.22 billion dollars in revenue in 2019, it is clear that many people have found bankroll management tools to be a valuable and enduring solution for their financial needs.


Sports betting forums

Statistic Number
Number of sports betting forum members Over 1 million
Amount of sports betting advice given daily Thousands of posts
Number of sports betting forum threads Tens of thousands

Sports betting forums offer a community-based alternative to traditional sports betting. With over 1 million members, these forums provide a wealth of sports betting advice and discussion every day. Forum threads cover a multitude of sports and sports-related topics, ensuring that users never run out of things to talk about. Unlike traditional sports betting, where players bet against bookmakers, sports betting forums offer a peer-to-peer betting experience. This allows bettors to get the best odds possible and interact with other sports fans in a social setting. The vast amount of daily advice and discussions make sports betting forums an effective way to gain knowledge and insight into the world of sports betting.


Betting tutorials

Sports Betting Alternatives Percentage of Google Searches
Online Casinos 28%
Fantasy Sports 24%
Poker 18%
Horse Racing 13%
Lottery 9%
Virtual Sports 8%

Betting tutorials are a valuable resource for those interested in sports betting alternatives. Rather than relying solely on sports betting, online casinos, fantasy sports, poker, horse racing, lottery, and virtual sports are other popular options. 28% of Google searches for sports betting alternatives result in online casinos, while 24% are for fantasy sports and 18% are for poker. Horse racing accounts for 13% of searches, while lottery has 9% and virtual sports have 8%. It’s important to explore all options in order to make informed decisions.


Mobile betting apps

Statistic Reference
60% Percentage of sports bets placed on mobile devices in 2020
$4.93 billion Projected revenue from global mobile sports betting market by 2025
80% Expected growth rate of mobile sports betting apps by 2025
47 Number of states in the US where mobile sports betting is legal

Mobile betting apps have become a popular alternative for sports betting enthusiasts. About 60% of sports bets were placed on mobile devices in 2020. With a projected revenue of $4.93 billion and an expected growth rate of 80% by 2025, the global mobile sports betting market is growing rapidly. 47 states in the US have already legalized mobile sports betting, making it easily accessible to interested users. This indicates that mobile betting apps are a viable alternative to traditional sports betting.


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