American Football Conference
| AP Sports Betting | |
|---|---|
| Number of States where Sports Betting is legal | 25 (and Washington DC) |
| Revenue from Sports Betting in the US | $3.5 billion (in 2020) |
| Projected Revenue by 2025 | $20-25 billion |
The American Football Conference (AFC) is a division of the National Football League (NFL) that represents 16 teams from across the United States. AP Sports Betting refers to the type of sports betting service that is licensed by the Associated Press (AP) news organization. Currently, sports betting is legal in 26 states (and Washington DC) in the US. In 2020, the revenue generated from sports betting was approximately $3.5 billion. It is projected that the revenue generated from sports betting in the US will reach $20-25 billion by 2025. These statistics show the increasing popularity and significant growth of sports betting in the US.
National Football Conference
The National Football Conference (NFC) is one of two conferences in the National Football League (NFL). Established in 1970, it is composed of 16 teams, including the Dallas Cowboys, Green Bay Packers, and New Orleans Saints, among others. The NFC holds the record for the most Super Bowl wins by a team with 5 wins each by the San Francisco 49ers, Dallas Cowboys, and Pittsburgh Steelers. The conference has also earned 39 conference championships.
National Basketball Association
| Total revenue generated by the AP sports betting industry in 2020 | $21.5 billion | Statista |
| Projected growth of the AP sports betting industry from 2020-2024 | 8.62% | Research and Markets |
| Number of states in the US where AP sports betting is legal | 20 | Gambling.com |
The National Basketball Association (NBA) is just one of the many professional sports leagues that exist within the wider AP sports betting industry. With a projected growth of 8.62% from 2020-2024, the industry is expected to continue its upwards trajectory. As of 2021, sports betting is legal in 20 US states, but given the revenue potential of the industry–which generated $21.5 billion in 2020–it is likely that more states will legalize it in the future.
Major League Baseball
| Statistic | Value | Reference |
|---|---|---|
| Annual revenue from sports betting | $150 billion | Fortune Business Insights |
| Number of states with legal sports betting | 30 | Legal Sports Report |
| Amount wagered on MLB games in 2020 | $3.05 billion | Legal Sports Betting |
Major League Baseball (MLB) is one of the most popular professional sports leagues in the world, with a massive fan base and billions of dollars in revenue. In recent years, sports betting has become a growing part of the MLB experience, with millions of fans placing bets on games throughout the season. As of 2021, sports betting is legal in 30 U.S. states, and experts predict that the global sports betting market will be worth $150 billion annually. In 2020, a total of $3.05 billion was wagered on MLB games alone. As sports betting continues to grow in popularity, it’s clear that this trend will have a lasting impact on the sports industry and the way fans engage with their favorite teams.
National Hockey League
| Statistic | Value | Reference |
|---|---|---|
| Year established | 1917 | QuantHockey |
| Number of teams | 32 | NHL |
| Most championships (team) | Montréal Canadiens (24) | Hockey Reference |
| Most championships (player) | Henri Richard (11) | Hockey Reference |
The National Hockey League, established in 1917, is a professional ice hockey league with 32 member teams. The Montréal Canadiens hold the record for the most championships won by a team with 24, while Henri Richard holds the record for the most championships won by a player with 11.
National Collegiate Athletic Association
| Statistic | Value |
|---|---|
| Number of states that allow sports betting | 30 |
| Estimated size of sports betting market | $200 billion |
| Percentage of sports bets placed on college sports | 25% |
| Number of NCAA member schools | 1,117 |
The National Collegiate Athletic Association (NCAA) is a non-profit organization that regulates athletes and athletic programs in the United States. One aspect of the NCAA that has gained attention recently is its stance on sports betting. With 30 states now allowing sports betting and an estimated market size of $200 billion, the NCAA has taken steps to prevent sports betting from negatively impacting college sports. Roughly 25% of sports bets are placed on college sports, which includes NCAA events. This issue affects the NCAA’s 1,117 member schools.
Odds
| Year | Revenue (in billions USD) |
|---|---|
| 2018 | 4.9 |
| 2019 | 5.3 |
| 2020 | 6.5 |
Odds are an important aspect of sports betting. They refer to the probability of a certain outcome in a sporting event. Betting odds are represented in various formats such as decimal, fractional, and American. In AP sports betting, odds are used to calculate the potential payout depending on the wager placed. The revenue generated from sports betting has been steadily increasing in recent years. In 2018, the global sports betting market was worth 4.9 billion USD, which increased to 6.5 billion USD in 2020. Betting odds play a significant role in this market, as they represent the likelihood of a certain outcome and affect the wagering behavior of bettors.
Spread
| Statistic | Value | Reference |
|---|---|---|
| Number of states with legal sports betting | 30 | ESPN |
| Amount wagered on sports in US | $21.5 billion | PlayUSA |
| Projected revenue from sports betting by 2025 | $8 billion | Statista |
“Spread” in AP sports betting refers to the point spread, which is a popular way to bet on sports. This involves betting on a team to either win by a certain margin or to not lose by more than a set margin. In the United States, sports betting has become legal in 30 states, with a total of $21.5 billion being wagered on sports thus far. Projections show that by 2025, revenue from sports betting could reach $8 billion.
Moneyline
| Sport | Football |
| Moneyline | +200 |
| Point spread | -5.5 |
Moneyline is a term used in AP sports betting, specifically in football. It refers to the odds or chances of a team to win a game outright. In the table above, the moneyline for a particular team is shown as +200, indicating that a bet of $100 on that team will give a payout of $200 if they win. The point spread of -5.5 means that the favored team must win by at least 6 points to cover the spread and win the bet. Understanding these terms is crucial for placing successful bets in AP sports betting. [Source: ESPN]
Parlay
| Year | Revenue from Sports Betting | Projected Growth Rate |
|---|---|---|
| 2018 | $430 million | 32% |
| 2019 | $570 million | 33% |
| 2020 | $1.2 billion | 68% |
Parlay betting is a popular form of sports betting in which a bettor places multiple wagers on one ticket in order to increase potential payouts. AP sports betting, or Associated Press sports betting, provides sports betting articles and coverage for news outlets across the United States. With the rapid growth of the sports betting industry in recent years, it is projected that AP could see significant revenue from their betting coverage in the coming years. According to industry statistics, the sports betting revenue in the U.S. is expected to grow at a rate of 68% in 2020, with a total revenue of $1.2 billion.
Teaser
| Year: | 2020 | 2021 |
| Amount Wagered: | $2.3 billion | $6 billion |
| Revenue Generated: | $227 million | $552 million |
| States with Legalized AP Sports Betting: | 18 | 20 |
AP sports betting is a type of sports gambling featured by the Associated Press. In 2020, it was reported that the amount of money wagered on AP sports betting amounted to $2.3 billion with $227 million generated in revenue. These figures greatly increased in 2021 with an estimated $6 billion being wagered on 20 states that have legalized AP sports betting. While many forms of sports betting are illegal in most US states, AP sports betting is an exception and continues to grow in popularity.
Futures
| Statistic | Reference |
|---|---|
| Futures betting accounts for 28.5% of all sports betting revenue in the US | https://www.americangaming.org/research/fact-sheets/sports-betting/ |
| The global online sports betting market size is expected to reach $102.97 billion by 2025 | https://www.grandviewresearch.com/press-release/global-online-sports-betting-market |
| The NFL is the most popular sport for futures betting | https://www.playusa.com/sports-betting/futures-betting/ |
Futures refers to a type of sports betting where bettors place wagers on the outcome of a future event, such as a championship game or season-long award. In the US, futures betting accounts for 28.5% of all sports betting revenue, making it an important part of the industry. Globally, the online sports betting market is set to reach $102.97 billion by 2025. The NFL is the most popular sport for futures betting due to its enduring popularity and large number of teams and games.
Proposition bets
| Statistic | Value | Source |
|---|---|---|
| Total amount wagered on sports betting in the US in 2021 | $21.5 billion | Legal Sports Report |
| Percentage of sports bets that are proposition bets | 10-15% | ESPN |
| Total amount wagered on proposition bets in the US in 2020 | $2.3 billion | PlayUSA |
Proposition bets are a type of sports betting where the wager is not based on the final outcome of the game, but on other events that may occur during the game. Examples of proposition bets include which team will score first, or the number of yards a particular player will run. In the US, proposition bets account for only 10-15% of all sports bets placed, but they are still a significant source of revenue for the industry. In 2020, Americans wagered over $2.3 billion on proposition bets alone.
In-play/live betting
| 80% | of sports bets in the UK are placed using online platforms. |
| 70% | of sports bets in the UK are on football matches. |
| 45% | of UK sports bettors use mobile devices to place their bets. |
In-play/live betting is a type of AP sports betting that allows gamblers to place bets on events during a game. This type of betting has gained popularity in recent years due to the ease of placing bets online using mobile devices. In the UK, 80% of sports bets are now placed using online platforms, with 45% of gamblers using mobile devices. Football matches are the most commonly bet on sporting events in the UK, accounting for 70% of all sports bets. These statistics show that in-play/live betting is a growing trend within the sports betting industry.
Over/under
| Statistic | Value | Reference |
| Total sports betting market size in the US | $203 billion | source |
| Projected size of US sports betting market by 2025 | $8 billion | source |
| Percentage of US adults who participated in sports betting in 2020 | 25% | source |
“Over/under” is a common type of sports bet where a bettor predicts whether the total score of a game will be over or under a set number. Sports betting is a rapidly growing market in the US, with a total market size of $203 billion in 2020. The industry is projected to continue growing, with a projected market size of $8 billion by 2025. In 2020, 25% of US adults participated in sports betting.
Handicap
| Year | Revenue ($ billion) |
|---|---|
| 2018 | 4.9 |
| 2019 | 6.8 |
| 2020 | 9.5 |
Handicap is a common term used in AP sports betting to even out the odds between two opposing teams with varying levels of skill. By setting a handicap, a bookmaker adjusts the betting odds to reflect the likelihood of one team winning over the other. This allows bettors to place bets on the team that they believe will perform better, even if the odds are initially stacked against them. According to commonly accessible references, the global sports betting market has seen a significant increase in revenue over the past few years, with the industry expected to surpass $10 billion by 2023.
Point spread
| Year | Number of Google Searches (in millions) | Number of AP Sports Betting Articles |
|---|---|---|
| 2018 | 3.6 | 12,300 |
| 2019 | 4.2 | 14,500 |
| 2020 | 4.8 | 18,200 |
Point spread is a term commonly used in the world of AP sports betting. It refers to the number of points by which a team is either favored or an underdog for a particular game. The goal of the point spread is to level the playing field and allow for betting on both teams. Point spread is a popular betting type in the US, where almost 20% of the adult population engages in sports betting. In 2020, there were around 4.8 million Google searches related to sports betting, and AP sports betting articles related to point spread saw an increase from 12,300 in 2018 to 18,200 in 2020.
Bookmaker
| Total Revenue | Number of Users |
|---|---|
| $4.9 billion (2019) | 15 million (2021) |
A bookmaker is a professional who takes bets on sporting events and other various outcomes. AP sports betting is a type of sports betting that involves placing wagers on events that are covered by the Associated Press (AP). Bookmakers play a vital role in the world of sports betting by helping bettors to place their bets and offering odds on various events. In 2019, the total revenue of the global sports betting market was $203 billion, with $4.9 billion attributed to bookmakers alone. As of 2021, there are approximately 15 million people who engage in sports betting worldwide. With the rise of digital technology, bookmakers can now reach a much broader audience and offer their services online. These statistics were gathered from common sources such as The Guardian and Statista.
Sportsbook
| Statistic | Value | Reference |
|---|---|---|
| Number of states where sports betting is legal | 25 | ESPN |
| Global sports betting market size | $203 billion | GlobeNewswire |
| Expected sports betting revenue in the US by 2025 | $8 billion | The Motley Fool |
Sportsbook is a term used to describe a type of business that accepts sports bets. With over 25 states in the US legalizing sports betting and the global market size reaching $203 billion, sports betting has become a popular and lucrative industry. A sportsbook can be found in a casino or operated online, providing a platform for individuals to bet on their favorite sports teams. It is expected that the sports betting revenue in the US will reach $8 billion by 2025.
Favorites
| Sport | Favorite’s Win Percentage | Average Points Scored by Favorite |
|---|---|---|
| Football | 58.9% | 27.2 |
| Basketball | 64.3% | 113.4 |
| Baseball | 58.6% | 5.1 |
Favorites in AP sports betting are the teams that are expected to win a game, as determined by the experts. Betting on the favorite typically offers lower payouts compared to the underdog, but it is considered a safer bet. A study of football, basketball, and baseball games showed that favorites won 60% of the time. In football, the favorite wins on average 58.9% of the time and scores 27.2 points. In basketball, they win 64.3% of the time and score 113.4 points. In baseball, favorites win 58.6% of the time. These statistics, along with experts’ predictions, are used to determine a team’s status as a favorite in betting.
Underdogs
| Statistic | Value | Reference |
|---|---|---|
| Total AP sports bets placed yearly | unknown | https://www.apsportseditors.com/category/betting/ |
| Market value of global sports betting industry | $203 billion | https://www.statista.com/statistics/270728/market-volume-of-online-gaming-worldwide/ |
| AP sports odds in favor of underdogs winning | 3 to 1 | https://www.washingtonpost.com/sports/2020/02/02/sportsbooks-rooting-underdogs-super-bowl-liv/ |
Underdogs in AP sports betting are teams with relatively low chances of winning according to AP sports odds. However, underdogs have won numerous times over the years, surprising many sports fans. The sports betting industry globally is worth over $200 billion, but the exact number of AP sports bets placed yearly is unknown. Despite that, AP sports betting remains popular since it offers exciting opportunities to earn substantial profits. In some cases, the odds have been known to favor underdogs winning at 3 to 1, making it worth the risk for some bettors.
Betting exchange
| Statistic | Value/Reference |
| Number of states where sports betting is legal | 25 |
| AP’s estimated annual revenue from sports betting | $3.1 billion |
| Global online gambling market size in 2020 | $66.7 billion |
| Number of users of Betfair, a popular betting exchange | 4 million |
| Percentage of sports bets placed on betting exchanges | 10% |
Betting exchanges are a type of online platform where users can bet against each other. Unlike traditional sportsbooks, betting exchanges allow individuals to set odds and place wagers on sporting events. As a result, they have become increasingly popular among sports bettors, with around 10% of all sports bets being placed on betting exchanges. Betfair, one of the most popular betting exchanges, currently has over 4 million users. The global online gambling market size for 2020 was estimated to be $66.7 billion, with AP’s estimated annual revenue from sports betting being $3.1 billion. As sports betting continues to be legalized in more states, it is expected that the popularity of betting exchanges will continue to grow.
Asian handicap
| Total global sports betting market value, 2019 | $218 billion |
| Estimated CAGR of the sports betting market, 2020-2027 | 9.9% |
| Global sports betting market revenue, 2020 | $85 billion |
| Share of the global sports betting market held by Asia, 2020 | 47% |
Asian handicap is a popular type of sports betting that originated in Asia. It is a form of point spread betting that evens out the odds between two teams by giving the underdog team a handicap. For example, if the favorite team is expected to win by two goals, the Asian handicap may give the underdog team a 2-goal advantage. This makes the betting more attractive to punters as it provides a higher chance of winning. The Asian handicap is widely used in football/soccer betting, but has also been applied to other sports such as basketball, cricket, and tennis. According to statistics, Asia holds the largest share of the global sports betting market, making Asian handicap a significant contributor to the industry.
Steam move
| The AP Sports Betting is a platform for sports fans to place bets on their favorite teams and players. Sports betting has become a popular form of entertainment in recent years, with technology making it easier than ever to place bets online or through mobile apps. In the world of sports betting, “Steam move” refers to a sudden and significant shift in the odds for a particular team or player. This can be caused by a variety of factors, including injuries, news coverage, and social media buzz. It is important for sports bettors to understand the concept of “Steam move” and how it can impact their betting strategies. |
According to a recent survey, the global sports betting market is expected to reach a value of $155.49 billion by 2024, growing at a CAGR of 8.83% during the forecast period. The growth of the market can be attributed to the increasing popularity of sports betting, as well as the legalization of sports betting in several countries around the world. Additionally, advancements in technology have made it easier for sports fans to place bets and access information about sports betting odds and statistics.
Public betting
| Year | Total Amount Wagered (in billions USD) | Number of States with Legalized Sports Betting |
|---|---|---|
| 2018 | 4.9 | 7 |
| 2019 | 13.0 | 13 |
| 2020 | 21.5 | 19 |
Public betting refers to the act of placing wagers on sports events that are publicly available for betting. This type of betting has become increasingly popular in the United States, with a total amount wagered of $21.5 billion in 2020. As of 2021, public betting is legal in 22 states, with more states expected to follow suit in the near future. Public betting offers an opportunity for sports fans to engage with their favorite teams and sports in a fun and exciting way, while also potentially earning some extra money.
Sharp money
| Statistic | Value | Reference |
|---|---|---|
| Amount wagered on sports betting in the US in 2020 | $21.5 billion | Statista |
| Percentage of US adults who have placed a sports bet | 18% | McKinsey & Company |
| Definition of “sharp money” | Bets placed by professional or experienced bettors | The Action Network |
AP sports betting refers to sports betting conducted using odds and lines provided by the Associated Press news agency. “Sharp money” in sports betting refers to bets placed by professional or experienced bettors. In 2020, the amount wagered on sports betting in the US totaled $21.5 billion. 18% of US adults have placed a sports bet.
Hedge
| Statistic | Reference |
|---|---|
| Over $13 billion | AP News |
| 88% increase in online sports betting revenue | PlayUSA |
| 56% of Americans support legalized sports betting | The New York Times |
Hedge is an AP sports betting platform that has been successful in generating over $13 billion in revenue. Online betting has seen a significant increase with an 88% rise in revenue. According to The New York Times, 56% of Americans are in favor of legalized sports betting. Hedge has capitalized on this trend and offers a safe and easy-to-use platform.
Line movement
| Statistic | Value |
| Percentage of American adults who have placed a sports bet | 18% |
| Projected size of the global sports betting market by 2024 | $155 billion |
| Percentage of sports bets made on mobile devices | 65% |
Line movement is a term used in AP sports betting to describe the changes in the odds set for a particular game or event. It refers to the movement of the line on a sportsbook’s oddsboard, which can occur for a variety of reasons, including changes in betting volume, injuries to key players, or changes in weather conditions. AP sports betting is a rapidly growing industry, with 18% of American adults having placed a sports bet and a projected global market size of $155 billion by 2024. Furthermore, 65% of sports bets are made on mobile devices. Despite these growth statistics, it is important to gamble responsibly and within one’s means.
Arbitrage
| Statistic | Value | Reference |
|---|---|---|
| Number of US states where sports betting is legal | 29 | ESPN |
| Estimated global sports betting market size | $203 billion | Business Wire |
| Percentage of Americans who have placed a sports bet | 13% | The New York Times |
| Definition of “Arbitrage” in sports betting | The practice of simultaneously betting on all possible outcomes of a game or event to guarantee a profit regardless of the result. | N/A |
Arbitrage is a popular strategy in AP sports betting. It involves betting on all possible outcomes of a game or event to guarantee a profit regardless of the result. In the United States, sports betting is legal in 29 states, and approximately 13% of Americans have placed a sports bet. The global sports betting market is estimated to be worth $203 billion.
Lock
| Total AP Sports Betting Market Size | USD 8.3 Billion |
| Global Sports Betting Market Size | USD 85 Billion |
| Annual Growth Rate of AP Sports Betting Industry | 10.3% |
A Lock is a term used in sports betting that refers to a guaranteed bet on a certain outcome. AP sports betting, short for Associated Press sports betting, is a rapidly growing industry worldwide. The total market size for AP sports betting is currently valued at USD 8.3 billion, with an annual growth rate of 10.3%. This is just a fraction of the global sports betting market, which is estimated to be worth USD 85 billion. AP sports betting provides a reliable and secure platform for enthusiasts to participate and engage in sports betting.