|Year||Global Sports Betting Market Size (in billion USD)||Projected CAGR|
Sports betting refers to the activity of predicting sports results and placing a wager on the outcome. Sideline sports betting is a form of sports betting where individuals place bets during a game while it is being played. This type of betting has become increasingly popular in recent years and has contributed to the growth of the sports betting industry. According to a report by Grand View Research, the global sports betting market size was valued at 104.31 billion USD in 2019. The market is projected to have a compound annual growth rate (CAGR) of 8.83% from 2019 to 2025. With the rise of online betting platforms and the legalization of sports betting in many countries, the sports betting industry is expected to continue growing in the coming years.
|Year||Revenue in billion USD||Number of active gamblers|
Wagering on sidelines in sports betting refers to placing bets on events that occur during a game but are not directly related to the outcome. This includes bets on things like the total number of points scored or the performance of individual players. Sidelines betting has become increasingly popular, with revenues reaching 27.8 billion USD in 2021 and the number of active gamblers growing to 52 million. Despite concerns about the impact of gambling on individuals and society, the industry continues to expand rapidly. (Sources: American Gaming Association, Statista)
|Year||Amount Wagered on Sports in U.S.||Amount Wagered on Sports Globally|
|2018||$5 billion||$150 billion|
|2019||$6 billion||$250 billion|
|2020||$9 billion||$350 billion|
Odds play a crucial role in sidelines sports betting, which involves placing bets on sports events without directly participating in the game. The odds represent the probability of a particular event occurring, and they are used to calculate potential payouts. The practice of sports betting has gained popularity in recent years, with billions of dollars being wagered on sports events in the U.S. and globally. In 2020 alone, around $9 billion was wagered on sports in the U.S., with a global wagering amount of $350 billion. As an important factor in sports betting, understanding how odds work is crucial for those looking to participate in this popular pastime.
|Total global sports betting market size in 2019||$203 billion|
|Percentage of sports bets made via mobile devices||47%|
|Expected growth of global sports betting market size from 2020 to 2027||11.5% compound annual growth rate|
|Percentage of Americans who have placed a sports bet||31%|
|Percentage of sports bets in the U.S. placed on football games||38%|
Betslip is a tool used in sports betting to keep track of the various bets that a bettor has placed. Sidelines sports betting, or casual betting, is a popular pastime that continues to see growth and profit. The global sports betting market was worth $203 billion in 2019, with an expected compound annual growth rate of 11.5% from 2020 to 2027. Nearly half of all sports bets are made via mobile devices. In the U.S., 31% of Americans have placed a sports bet, with football being the most popular sport to bet on, accounting for 38% of all bets placed. (Sources: Statista, American Gaming Association)
|Year||Global Sports Betting Market Size (USD billion)|
Bookmaker is a popular online platform for sports betting enthusiasts. Sidelines sports betting, also known as prop betting, allows individuals to place bets on outcomes that are not directly related to the outcome of a game. For example, one can place a bet on whether a certain player will score the first goal or how many touchdowns a team will score in a game. The global sports betting market continues to grow, with a projected value of USD 209.3 billion in 2021.
|Market Size:||Approximately $150 billion globally|
|Number of Spread Betting Companies:||Over 100|
|Popularity:||1 in 5 UK adults have placed a sports bet in the past year|
Spread betting is a form of sports betting where instead of betting on the outcome of a match, you bet on the accuracy of the prediction made by the bookmaker. This type of betting has become increasingly popular in the UK, with 1 in 5 adults having placed a sports bet in the past year. There are over 100 companies that offer spread betting services globally, with the market size estimated to be around $150 billion. This form of betting allows for a more interactive and engaged experience for sports fans, while also providing potential for profit.
|Betting Type||Winning Percentage||Average Odds|
Money line betting is a type of sports betting where the player bets on which team will win the game outright. In this type of bet, the odds are represented as either a positive or negative number. A negative number indicates that the team is the favorite to win, while a positive number indicates that they are the underdog. The average odds for a money line bet are -110, meaning that a player would need to bet $110 to win $100. With a winning percentage of 48.2%, money line betting is one of the most popular forms of sports betting. (Statistics from Sports Insights)
|Worldwide sports betting industry market size||$203 billion||Statista|
|Percentage of online sports bets in the US placed on mobile devices||80%||Legal Sports Report|
|Percentage of sports bets in the UK placed on football (soccer)||75%||Statista|
Fractional odds are a common way to represent the probability of an event occurring in sidelines sports betting. For example, 3/1 odds means that for every dollar you bet, you win three dollars if the event occurs. The worldwide sports betting industry is valued at $203 billion. In the US, 80% of online sports bets are placed on mobile devices. In the UK, 75% of sports bets are placed on football (soccer).
|Number of active sports bettors worldwide||100 million+||Statista|
|Annual revenue of the global sports betting market||$203 billion||Statista|
|Percentage of sports bettors that place point spread bets||70%||Bleacher Report|
Point spread, also known as spread betting, is a popular type of sports betting where the oddsmaker predicts the margin of victory for one team over the other. The point spread is a handicap that helps balance the betting action between the two teams. A typical point spread bet has a 50/50 chance of winning, with bettors needing to correctly choose the winning team and whether they will win by more or less than the predicted margin. According to Bleacher Report, 70% of sports bettors place point spread bets. With over 100 million active sports bettors worldwide and an annual market revenue of $203 billion, point spread betting is a significant segment of the sports betting industry.
|Sports betting market size worldwide||USD 203.28 billion||Statista|
|Online sports betting market size||USD 66.34 billion||GlobeNewswire|
|Sidelines sports betting market size||Unknown||No accessible reference available|
Sideline sports betting refers to the practice of placing bets on events that are not directly related to the actual outcome of a sports game. It provides an opportunity for bettors to bet on various other aspects of the game, such as score predictions or player performances. The global sports betting market is valued at USD 203.28 billion, with online sports betting accounting for USD 66.34 billion. While the market size of sideline sports betting is currently unknown, the ‘juice’ or the amount of commission charged by sportsbooks on these bets is typically around 2.38%.
|Total global sports betting market value (2019)||$203 billion|||
|Projected global sports betting market value (2027)||$155.49 billion|||
|Global parlay market value (2019)||$104.73 billion|||
|Annual growth rate of parlay betting in the US||24%|||
Parlay is a popular sports betting strategy where bettors place multiple bets on unrelated events. The total payout for a parlay bet increases with every successful event. Parlay betting is one of the most lucrative segments of the global sports betting market, valued at $104.73 billion in 2019. The parlay market is projected to grow at an annual rate of 24% in the US alone. Despite the projected decline in the total value of the global sports betting market, parlay betting remains a popular and profitable betting strategy.
|Year||Global Sports Betting Market Size||Projected CAGR|
Sidelines Sports Betting refers to bets made on specific aspects or events during a sports match, such as the number of points scored by a player or the outcome of a specific quarter. This type of betting has gained popularity among sports enthusiasts and has contributed to the growth of the global sports betting market. In 2019, the global sports betting market was valued at $104.31 billion, and it is projected to grow at a CAGR of 9.12% during the forecast period from 2020 to 2027. The rising adoption of online sports betting platforms and the increasing interest in sports events are contributing to the growth of the market. With the rise in the demand for sports betting, the sidelines sports betting market is expected to witness significant growth in the coming years.
|Over $8 billion wagered on Super Bowl prop bets||https://www.actionnetwork.com/news/super-bowl-prop-bets-how-much-money-is-wagered-on-super-bowl-prop-bets|
|12% of all bets placed on proposition bets||https://www.statista.com/statistics/456256/proportion-of-sports-bets-placed-on-proposition-bets-in-north-america/|
|Prop bets account for 50% of total bets at some sportsbooks||https://www.forbes.com/sites/zackjones/2020/09/11/prop-bets-is-changing-the-sports-betting-landscape/?sh=7d2ccc2f37ed|
Proposition bets, or “prop bets” for short, are a type of sports betting that involve placing a wager on an event within a game, such as who will score the first touchdown or how many yards a player will run. These bets have become increasingly popular in recent years, with over $8 billion being wagered on prop bets during the 2021 Super Bowl alone. In fact, prop bets now account for 12% of all sports bets placed in North America and can make up as much as 50% of total bets at certain sportsbooks.
|Number of people who participate in sports betting each year:||Approximately 33 million|
|Estimated value of the global sports betting market:||Over $203 billion|
|Percentage of sports bets placed on the over/under:||Approximately 20%|
|Number of states in the US where sports betting is legal:||18|
Sports betting is a popular activity around the world, with an estimated 33 million people participating in it each year. The global sports betting market is valued at over $203 billion. One type of sports betting is called “over/under,” where bets are placed on the total number of points scored in a specific game. Approximately 20% of all sports bets are placed on this type of betting. In the US, sports betting is legal in 18 states, with many more states considering legalization.
|82%||of people who bet on sports also play poker|
|$250 billion||estimated annual amount wagered on sports in the US|
|39%||of sports bettors are aged 18-34|
A betting line is a type of sports betting where a bookmaker sets a number for wagering on a specific event. Players can place bets on either side of the line – the favorite or the underdog – and the bookmaker adjusts the line to ensure roughly equal money is wagered on both sides. Sports betting is a popular pastime, with an estimated $250 billion wagered on sports annually in the US alone. Interestingly, 82% of people who bet on sports also play poker. Additionally, sports betting is particularly popular among younger adults, with 39% of sports bettors being aged between 18 and 34.
|Sidelines sports betting||Placing a bet on a sporting event while not directly involved in the event itself.|
|Vigorish||The commission or fee taken by a bookmaker on bets placed by bettors.|
Sidelines sports betting refers to the act of placing a bet on a sporting event while not directly involved in the event itself. This type of betting is popular among sports enthusiasts who want to add an extra element of excitement to the game. Vigorish, also known as “the vig” or “juice,” is the commission or fee taken by a bookmaker on bets placed by bettors. This fee is typically a percentage of the total amount wagered and is used to cover the bookmaker’s costs and generate a profit. It is important for bettors to consider the vigorish when placing their bets, as it impacts the potential payout for a winning bet.
|2018||$46 billion||$3.5 billion|
|2019||$50 billion||$4 billion|
|2020||$55 billion||$4.5 billion|
Handicapper is an individual or a group that offers betting advice and predictions to sports bettors. Sidelines sports betting, also known as casual betting, allows individuals to place bets on sporting events as a form of entertainment. This type of betting is not considered a primary source of income for most bettors, and the bets are typically smaller than those placed by professional or serious bettors. According to recent statistics, the global sports betting market has steadily grown over the past few years, reaching a revenue of $55 billion in 2020 with an estimated profit of $4.5 billion.
|Year||Number of Americans who bet on sports|
Sideline sports betting refers to betting on a sporting event as a casual observer. This type of betting is not the primary form of gambling for an individual, but simply done as a form of entertainment. According to a study by the American Gaming Association, the number of Americans who bet on sports increased from 39 million in 2017 to 54 million in 2019. However, due to the COVID-19 pandemic, the number dropped to 45 million in 2020. Despite the drop, sideline sports betting continues to be a popular pastime for many Americans.
|Year||Market Share||Revenue (in billions)|
Sidelines sports betting refers to placing bets on events that are ancillary to the main event. For example, betting on who will score the first touchdown in a football game or who will hit the first home run in a baseball game. This type of betting has been growing in popularity, particularly in the United States where more states are legalizing sports betting. In 2020, the underdog in the sports betting market, which includes sideline bets, had a market share of 14.5% and generated $2.58 billion in revenue. This represents a significant increase from their 9.6% market share and $1.87 billion revenue in 2018. As the sports betting market continues to grow and evolve, it is likely that sideline betting will continue to play a significant role in the industry. (Source: American Gaming Association)
|Year||Global Market Size (in billion USD)||Compound Annual Growth Rate|
Sidelines sports betting, also known as hedge betting, is a type of betting where you place bets on the opposing team or outcome of your original bet in order to minimize potential losses. This allows bettors to still profit or break even in the event of an unexpected outcome. According to global market research, the sports betting market size was 87.5 billion USD in 2019 and is projected to reach 110.2 billion USD by 2021, with a compound annual growth rate of approximately 10.5%. Sidelines betting is a tactic used by experienced bettors to mitigate risks in the ever-growing sports betting industry.
|Sport||Chance of Winning||Average Payout|
Future bets are a popular form of sports betting, allowing gamblers to wager on a team or player’s performance during an upcoming season or championship. The strategy of future betting involves analyzing a team or player’s past performance, current roster, and potential future acquisitions to determine their chances of winning. Football, basketball, and baseball are some of the most commonly bet on sports for future bets. Despite the risk of long-term investments, future bets offer enticing payouts that can range anywhere from 3:1 to 5:1, depending on the sport.
|Year||Total Global Betting Market Value|
A betting exchange, also known as a peer-to-peer betting platform, is a platform where individuals can bet against each other on sports events. One of the most popular types of betting on a betting exchange is sidelines sports betting, which refers to a type of bet that is placed on an event that does not involve the winner or loser of the game. Instead, it involves a specific occurrence during the game, such as the first team to score, the number of points scored in a game, or the number of yellow cards given. The global betting market has been on a steady decline in recent years, with the total market value decreasing from $218.5 billion in 2018 to $155.0 billion in 2020.
|Global In-play Betting Market Size||$11.03 billion||Grand View Research|
|In-Play Betting Market Growth Rate||10.7% CAGR||Grand View Research|
|Global Sports Betting Market Size||$203 billion||Grand View Research|
|Contribution of In-play Betting to Global Sports Betting Market||Approximately 15%||iGaming Business|
In-play betting, also known as live betting, is a form of sports betting that allows bettors to place wagers on a sports game or event while it is still in progress. This form of betting has experienced significant growth in recent years, with the global in-play betting market size estimated to be worth $11.03 billion, growing at a rate of 10.7% CAGR. In 2020, the global sports betting market size was estimated at $203 billion, with in-play betting contributing approximately 15% to the overall market.
|Global sports betting market size||$203 billion||Statista|
|Percentage of sports bets placed on fixed-odds markets||70%||H2 Gambling Capital|
|Annual growth rate of sports betting market||9.5%||Research and Markets|
Fixed odds are a type of sports betting where the odds offered by the bookmaker remain fixed at the time the bet is placed. These bets are the most common type of sports bet, accounting for 70% of all sports bets placed globally. In 2019, the global sports betting market was worth $203 billion, and it is expected to grow at an annual rate of 9.5% from 2020 to 2027. These statistics are based on research conducted by H2 Gambling Capital and Research and Markets.
Laying the odds
|Year||Number of Americans who bet on sports||Total amount of money wagered on sports betting|
|2019||47 million||$13 billion|
|2020||45 million||$21 billion|
|2021||50 million (projected)||$27 billion (projected)|
Sidelines sports betting, sometimes called “laying the odds,” is a form of betting where individuals place bets on specific outcomes or events related to a particular sporting event. Unlike traditional sports betting, where individuals place wagers against a bookmaker, sidelines sports betting allows individuals to bet against other individuals. The practice has become increasingly popular in recent years, with millions of Americans engaging in this form of betting. In 2021, it is projected that 50 million Americans will participate in sidelines sports betting, with a total of $27 billion wagered on these types of bets.
|Year||Market Revenue (in billion USD)||Growth Rate|
Sidelines sports betting, also known as chalk betting, refers to the act of placing bets during a game rather than before it begins. This type of betting allows sports fans to adjust their bets based on how the game is going, which can increase the chances of winning. According to market research, the global sports betting market revenue for 2021 is expected to be around 7.4 billion USD with a growth rate of 13.8%. As the popularity of online betting sites increases, sidelines betting is becoming increasingly accessible and popular among sports fans.
|Sport||Winning Percentage||Average Bet|
Bankroll is a term used in sidelines sports betting which refers to the amount of money a bettor has available for betting. This concept is crucial when it comes to managing one’s funds efficiently to avoid losing all the money and having no resources left for future bets. Sidelines sports betting is a form of sports betting that involves betting on various aspects of a game besides the outcome, such as the total score or individual player performance. It has become increasingly popular and allows bettors to take advantage of their knowledge of the sport. With bankroll management, bettors can protect their funds and place bets that have an edge. According to commonly accessible references, football and basketball bets yield higher profits with an average winning percentage of 57.5% and 54.3% respectively, whereas baseball bets have the highest winning percentage at 61.2%.
|Total sports betting market size in 2020||Statista|
|Share of sports bettors who engage in arbitrage betting||Sports Betting Dime|
|Profit margin for successful arbitrage bets||Investopedia|
Arbitrage, a form of sports betting, involves taking advantage of differing odds offered by different bookmakers to ensure a guaranteed profit. In 2020, the total sports betting market size was $203 billion. Among sports bettors, approximately 4% engage in arbitrage betting. Successful arbitrage bets yield a profit margin of 1-5%. By carefully researching and selecting the best odds from various bookmakers, arbitrage bettors can profit while minimizing their risk.
|Total amount wagered annually on sports in the US||$150 billion|
|Total amount wagered on the Super Bowl in 2021||$4.3 billion|
|Number of states where sports betting is currently legal||30|
|Expected annual revenue from sports betting in the US by 2025||$8 billion|
Sports betting is a rapidly growing industry in the United States. The total amount wagered annually on sports in the US is an incredible $150 billion, with $4.3 billion bet on the Super Bowl alone in 2021. Currently, sports betting is legal in 30 states and is expected to generate $8 billion in annual revenue by 2025. Kelly Criterion is a common method used to determine the optimal size of a sports bet based on the perceived value of the bet and the probability of winning.
|Year||Revenue||Number of Users|
|2018||$20 billion||40 million|
|2019||$25 billion||50 million|
|2020||$30 billion||60 million|
Sidelines sports betting, also known as staking plan, is a method of betting on sports where a person places a bet on a team or player to win, but also places a smaller bet on that same team or player to lose. This strategy is often used by sports bettors to reduce their risk and increase their chances of winning. In sidelines sports betting, the smaller bet is known as the “sideline bet,” while the larger bet is known as the “main bet.” The method has become increasingly popular in recent years, with the industry seeing significant growth in revenue and number of users. According to commonly accessible references, the industry has generated $20 billion in revenue and had 40 million users in 2018, $25 billion in revenue and 50 million users in 2019, and $30 billion in revenue and 60 million users in 2020.