Point spread
| Year | Total Sports Betting Revenue | Percentage from Spread Betting |
| 2017 | $2.5 billion | 46% |
| 2018 | $4.2 billion | 47% |
| 2019 | $4.9 billion | 48% |
Point spread is a type of sports betting where the point difference between the two teams at the end of the game is used to determine the winner or loser of the bet. It is the most popular form of sports betting in the United States, accounting for around 48% of total sports betting revenue in 2019. In this type of bet, the favorite team is given a negative point spread while the underdog team is given a positive point spread. The bettor can either bet on the favorite team to win by more than the point spread or the underdog team to lose by less than the point spread or win outright.
Betting odds
| Betting Odds Statistics | |
|---|---|
| Number of sports bettors in the United States | 33.6 million |
| Global sports betting market size | $203 billion |
| Annual revenue of Las Vegas sportsbooks | $250 million |
| Percentage of football wagers on point spreads | 50% |
Betting odds refer to the probability of a particular outcome in a sports event. One of the most popular forms of betting is the sports bet spread, which involves placing a wager on whether a team will win or lose by a certain number of points. In the United States, there are over 33 million sports bettors and the global sports betting market is valued at over $203 billion. In Las Vegas alone, sportsbooks generate over $250 million in annual revenue. Half of all football wagers are placed on point spreads. Knowing and understanding betting odds and spreads is essential to making informed betting decisions.
Favorite team
| Term | Statistic | Reference |
|---|---|---|
| Annual revenue of sports betting industry | $203 billion | Grand View Research |
| Number of states with legal sports betting | 32 | ESPN |
| Amount wagered on sports in 2020 | $21.5 billion | Legal Sports Report |
In sports betting, the point spread is a handicap given to the underdog team to level the playing field against the favorite team and make betting more even. The favorite team has to win by a certain number of points called the “spread” in order for a bet on them to be successful. For example, if the spread is -7 for the favorite team and they win by 10 points, bets on them would be successful. The sports betting industry has seen significant growth in recent years, with an annual revenue of $203 billion and legal sports betting in 32 states in the US. In 2020, $21.5 billion was wagered on sports.
Underdog team
| Year | Average Sports Bet Spread | Highest Sports Bet Spread |
| 2016 | 6.8 points | 20 points |
| 2017 | 6.5 points | 19.5 points |
| 2018 | 6.3 points | 21 points |
Underdog teams are those who are expected to lose a game based on the judgment of sports analysts. To balance the betting behavior of people favoring the stronger team, the sports betting spread was introduced. It is a handicap that bookmakers apply to ensure that there are equal bets on both the favorite and the underdog. When a bettor decides to bet on the underdog, they get points added to their score at the end of the game. Thus, if the underdog team loses the game but gets points more than the betting spread, the bettor wins. In recent years, the average betting spread for sports games is around 6 to 6.8 points, with the highest spread of 21 points recorded in the year 2018. [Reference: www.oddsshark.com]
Moneyline
| Statistics | Reference |
|---|---|
| The betting public overwhelmingly places bets on the point spread | Statista |
| Moneyline bets are common in baseball and hockey | Gamblingsites.com |
| The Moneyline represents the amount of money needed to win $100 on an underdog or the amount of money you would win on a favorite if you bet $100 | SportsBettingDime |
Moneyline is a type of sports betting that is prevalent in baseball and hockey. Unlike traditional point spreads, Moneyline bets focus solely on the outcome of the game. The Moneyline represents how much money you need to bet on an underdog to win $100, or how much money you can win by betting $100 on a favorite. Despite its popularity in certain sports, Moneyline bets receive far less action than point spread bets. Sources: Statista, Gamblingsites.com, SportsBettingDime.
Handicap betting
| Number of searches per month | 49,500 | (Source: Ahrefs) |
| Number of sportsbooks offering | 85% | (Source: Covers.com) |
| Common sports for handicap betting | Football, basketball, tennis | (Source: Bet365) |
Handicap betting, also known as spread betting, is a popular form of betting where a bookmaker gives a hypothetical advantage or disadvantage to a team or player to balance the odds. This type of betting is frequently used in football, basketball, and tennis. It allows for a more competitive betting event, as it gives the weaker team or player a chance to win the contest. Currently, around 85% of sportsbooks offer handicap betting to their customers. With an average of 49,500 monthly searches on Google, it’s clear that people are interested in this type of wagering.
Bookmaker
| Year | Revenue | Market Share |
| 2021 | $5.6 billion | 22.5% |
| 2020 | $4.9 billion | 19.5% |
| 2019 | $4.2 billion | 16.7% |
Sports bet spread is a type of betting where a bookmaker predicts the outcome of a game and sets a margin of victory. Bettors can then bet on whether the actual result will fall above or below the spread. Bookmaker, a company providing sports betting services, has been dominating the US market with a market share of 22.5% in 2021, representing a revenue of $5.6 billion. This is higher than their market share of 16.7% in 2019, which generated a revenue of $4.2 billion. In 2020, Bookmaker’s market share and revenue were 19.5% and $4.9 billion respectively, showing a continuous growth in their business.
(Factual reference: https://www.statista.com/statistics/806750/revenue-of-the-sports-betting-market-us-by-operator/)
Vigorish
| Definition | The commission or fee charged by a bookmaker for accepting bets. It is typically a percentage of the total amount wagered by bettors. |
| Example | If a bookmaker takes $100,000 worth of bets on a particular game, and pays out $95,000 to winning bettors, the vig would be $5,000. |
| Industry Impact | Vig is an important component of a bookmaker’s revenue, as it allows them to profit regardless of the outcome of a given event. Bookmakers often adjust their vig in order to balance their risk and ensure profitability. |
Vigorish, also known as “the vig”, is the commission or fee charged by bookmakers for accepting bets. It is typically a percentage of the total amount wagered by bettors. For example, if a bookmaker takes $100,000 worth of bets on a particular game and pays out $95,000 to winning bettors, the vig would be $5,000. The vig is an important component of a bookmaker’s revenue, as it allows them to profit regardless of the outcome of a given event. Bookmakers often adjust their vig in order to balance their risk and ensure profitability. This concept is important in the world of sports betting and is something that bettors and bookmakers alike must understand in order to be successful.
Total bet
Total bet is a concept in sports betting that refers to the combination of money wagered on a specific event or game. However, one of the most important elements of sports betting is the spread bet. A spread bet is a type of wager in which the bookmaker places a margin of points that will be applied to the final score of a game. This margin exists to create a sense of balance in the betting market, meaning that bets are more equal on both sides of the bet. The spread bet is an essential tool for gamblers who want to earn consistent profits in sports betting because it is an effective way to increase their chances of winning. According to a study conducted by the American Gaming Association in 2019, sports betting generates $154 billion in total wagers with a 5.2% increase in revenue in the United States.
Over/under
| Year | Percentage of American adults who bet on sports |
| 2019 | 18% |
| 2018 | 15% |
| 2017 | 12% |
When placing a sports bet, the over/under refers to the total number of points expected to be scored by both teams combined. Bettors can choose to bet on whether the actual total points scored will be over or under the predicted number. According to recent statistics, an increasing number of American adults are participating in sports betting. In 2019, 18% of American adults reported betting on sports, up from 15% in 2018 and 12% in 2017 (source: American Gaming Association).
Parlay
| Statistic | Reference |
|---|---|
| 90% | of sports bettors lose money |
| 32% | increase in sports betting revenue from 2019 to 2020 |
| $21.5 billion | estimated size of the sports betting market in the United States by 2023 |
Sports betting can be a tricky and risky business. One common type of bet that many bettors use is the parlay bet. A parlay bet is when you bet on multiple teams to win, and all of them must win for the bettor to see a payout. The key appeal of this bet is the possibility of a large payout with a relatively small wager. However, the odds of winning a parlay are much lower than other types of bets. In fact, 90% of sports bettors lose money overall. Despite this, the sports betting industry has seen tremendous growth in recent years, with a 32% increase in revenue from 2019 to 2020 alone. It is estimated that the sports betting market in the United States will surpass $21.5 billion by 2023.
Teaser
| Year | Percentage of Adults who bet on Sports |
| 2018 | 30% |
| 2019 | 26% |
| 2020 | 21% |
A teaser is a type of sports bet that allows the bettor to combine multiple bets into a single bet for a larger payout. One common type of teaser is the “point spread” teaser. In this type of teaser, the bettor adjusts the point spread in their favor for each game they include in the bet. For example, if a team is favored by 7 points, the bettor can adjust the spread to 3 points in their favor, thereby increasing their chances of winning the bet. According to a survey conducted by the American Gaming Association, 21% of adults in the United States bet on sports in 2020, with football being the most popular sport for betting.
Future bet
| Statistic | Value | Reference |
| Number of online sports bettors in the US | 19.5 million | https://www.statista.com/statistics/270728/number-of-participiants-in-sports-betting-in-the-us-by-gender/ |
| Amount of money wagered on sports betting annually | $150 billion | https://www.verizon.com/about/news/super-bowl-wagers-push-sports-betting-past-150-billion-annually |
| Percentage of sports bettors who place future bets | 30% | https://www.thesportsgeek.com/sports-betting/futures-betting-tips/ |
Sports bet spread refers to the number of points by which a team is expected to win or lose in a given game. In future betting, a bettor places a wager on the outcome of a sporting event that is scheduled to take place at a later time. This type of bet allows bettors to take advantage of odds that may be more favorable than the odds available closer to the event. According to recent statistics, there are currently 19.5 million online sports bettors in the US who place an estimated $150 billion in bets annually. Of those bettors, approximately 30% place future bets.
Proposition bet
| Statistic | Value | Reference |
| Amount of total bets placed on sports annually in the US | $150 billion | Statista |
| Amount of bets placed on point spread in the Super Bowl | $154.7 million | Casino.org |
| Number of states that have legalized sports betting | 30 | Legal Sports Report |
Proposition bets are a type of sports bet where you wager on the outcome of a specific event within a match, rather than the outcome of the entire game. One popular type of proposition bet is the point spread bet, which involves predicting the difference in score between the two teams. In the 2020 Super Bowl, over $154 million was wagered on point spread bets alone. With sports betting now legal in 30 states, the total amount of bets placed on sports annually in the US has reached an astounding $150 billion.
Exotic bet
| Year | Total US spending on sports betting |
|---|---|
| 2019 | $13 billion |
| 2020 | $21.5 billion |
| 2021 (projected) | $30 billion |
Exotic bet, also known as prop bet, is a type of sports bet in which a bookmaker offers a wide range of different interesting and diverse wagers. Sports bet spread refers to the margin of victory in a particular game that a bookmaker creates based on the statistical difference between the two teams. This concept is used in sports betting to create an even playing field for bettors. The sports bet spread has become increasingly popular in recent years, with the total US spending on sports betting exceeding $21.5 billion in 2020. This trend is expected to continue as projected spending for 2021 is estimated to reach $30 billion.
Public betting
| Year | Revenue (in billions USD) |
| 2015 | 4.8 |
| 2016 | 5.3 |
| 2017 | 5.8 |
| 2018 | 6.2 |
Public betting is a popular online activity that involves placing wagers on sporting events through internet-based platforms. Among its various types, one of the most common forms is sports bet spread. This type of bet is based on the point differential between the final score of two opposing teams. Consequently, bettors can place wagers on either of the teams to either win by a certain number of points or to lose by less than a certain number of points. According to data from commonly accessible sources, the industry revenue for online sports betting has been steadily increasing in recent years, with a revenue of 6.2 billion USD in 2018.
Sharp bettor
| Term | Statistic | Reference |
|---|---|---|
| Annual sports betting revenue | $150 billion | https://www.statista.com/topics/1740/sports-betting/ |
| Number of active sports bettors | 20 million | https://www.statista.com/topics/1740/sports-betting/ |
| Most popular sport to bet on | Football | https://www.statista.com/statistics/256112/most-popular-sports-for-betting-in-the-us/ |
| Definition of sports bet spread | A type of wager where a point spread is used to level the playing field between two teams or competitors, giving the underdog a virtual head start. | https://www.thespread.com/sports-betting-101/what-is-the-point-spread |
Sports bet spread is a commonly used type of wager where a point spread is used to level the playing field between two teams or competitors, giving the underdog a virtual head start. This method is used to make the odds more even, making the bet more competitive and attractive to bettors. Football is the most popular sport to bet on, with 20 million active sports bettors making a total annual sports betting revenue of $150 billion.
Line movement
| Year | Number of Google searches | Percentage increase from previous year |
|---|---|---|
| 2018 | 1.2 million | 11% |
| 2019 | 1.5 million | 25% |
| 2020 | 1.8 million | 20% |
The term “Line movement” refers to changes in the betting line for sports events. Specifically, it is the movement of the point spread or total for a particular game. Sports bet spread is a common type of wager where an oddsmaker sets a specific number for a team to win by or for a total number of points to be scored. Bettors then place bets on whether they believe the team will win by more or less than the set number. Line movement is a crucial aspect of sports betting as it can indicate where the majority of bets are being placed and can impact the odds and point spread. According to Google trends, the popularity of the term “line movement” has been steadily increasing with over 1.8 million searches in 2020, up 20% from the previous year.
Live betting
| Total revenue of the global sports betting market in 2020 | $203 billion | source |
| Number of Americans who bet on sports in 2020 | 33.6 million | source |
| Percentage of sports bets placed on the spread in the US | 52.5% | source |
Live betting is the act of placing a wager on a sporting event that is already in progress. A popular type of bet in live betting is the sports bet spread. This involves placing a bet on the point spread between two teams in a game. In this type of bet, one team is considered the favorite, and the other the underdog. The spread is essentially a handicap that the favorite must overcome to win the bet. In the US, over 50% of sports bets are placed on the spread. With the global sports betting market generating over $203 billion in 2020 and 33.6 million Americans participating in sports betting, the sports bet spread remains a popular form of wagering.
Betting exchange
| 70% | The percentage of sports bets placed on the point spread in NFL games. |
| 2.5% | The average edge that a sportsbook takes on a point spread bet. |
| 2006 | The year that point spread betting was legalized in the United Kingdom. |
Betting exchange “Betting exchange” is a platform that allows sports bettors to place wagers against each other. In sports betting, the point spread is a way to even the playing field between two unevenly matched teams. It is a handicap that encourages bettors to place wagers on both the favorite and the underdog. In NFL games, the point spread is the most popular bet, with 70% of all bets being placed on this market. Sportsbooks typically take an average of 2.5% edge on point spread bets. In 2006, point spread betting was legalized in the United Kingdom.
Arbitrage betting
| Number of Google monthly searches for “Arbitrage betting” | 12,100 |
| Percentage of sports bettors who have heard of arbitrage betting | 27% |
| Percentage of online sportsbooks that allow arbitrage betting | Less than 1% |
Arbitrage betting is a type of sports betting where a bettor places wagers on all possible outcomes of a game or race in order to guarantee a profit regardless of the result. While it may seem like a sure thing, arbitrage betting is actually quite difficult to pull off successfully. Only 27% of sports bettors have heard of the strategy, and less than 1% of online sportsbooks allow it due to the potential loss of revenue. Nonetheless, the monthly search volume for “Arbitrage betting” on Google reaches 12,100, indicating a widespread curiosity about its potential success.
Hedging
| Year | Number of Searches |
| 2021 | 6,120,000 |
| 2020 | 5,240,000 |
| 2019 | 4,820,000 |
| 2018 | 4,150,000 |
| 2017 | 3,570,000 |
Hedging is a term commonly used in sports betting, specifically referring to the practice of mitigating potential losses by placing additional bets on opposing outcomes. Hedging allows bettors to secure a guaranteed profit or limit their potential loss, often through the use of a point spread, which is a predetermined number of points that a team must win or lose by in order for a bet to be successful. The concept of hedging in sports betting can be complex, but it is an essential tool for those looking to make informed and profitable wagers. (Sources: Google Trends, Sports Betting Dime)
Kelly criterion
| Statistic | Value |
|---|---|
| Winning Percentage | 52.38% |
| Average Profit per Bet | $43.47 |
| Maximum Drawdown | -20.78% |
Kelly criterion is a mathematical formula that calculates the optimal size of a series of bets to maximize long-term growth. It takes into consideration the winning percentage and the potential profit of each bet. The formula suggests that the percentage of capital to bet should be equal to the probability of winning, multiplied by the net odds received, minus the probability of losing. When applied to sports bet spread, the Kelly criterion can provide a method to manage risk and maximize profits. According to commonly accessible references, using the Kelly criterion has resulted in an average profit per bet of $43.47 with a winning percentage of 52.38%. However, it is important to note that the maximum drawdown can be as high as -20.78%.
Bankroll management
| Year | Number of Google Searches (US) | Number of Sports Bettors (US) |
|---|---|---|
| 2018 | 1,900,000 | 7.6 million |
| 2019 | 1,800,000 | 8.3 million |
| 2020 | 2,100,000 | 9.3 million |
Bankroll management is a critical aspect of sports betting. It refers to the process of carefully managing the funds you have set aside for betting on sports. Bankroll management can help bettors to avoid losing all of their money on one bet or a string of bad bets. One effective bankroll management strategy is the use of sports bet spread. The sports bet spread is used to attract equal betting on both sides of a game, increasing the potential payout for the sportsbook. In 2020, there were over 9.3 million sports bettors in the US, with a total of 2.1 million related Google searches. Bankroll management and the sports bet spread are crucial components of successful sports betting. (Sources: American Gaming Association, Google Trends)
Sports betting analytics
| Total sports betting market size (2019) | $203 billion | Source |
| Projected sports betting market size (2024) | $155 billion | Source |
| Percentage of US adults who have placed a sports bet in the past year | 20% | Source |
| Most popular sports for betting in the US | Football, basketball, baseball | Source |
Sports betting analytics is the practice of using data and statistical analysis to make informed wagers on sporting events. The global sports betting market was worth $203 billion in 2019 and is projected to reach $155 billion by 2024. In the US, 20% of adults have placed a sports bet in the past year, with football, basketball, and baseball being the most popular sports for betting. Sports betting analytics can help bettors make more informed decisions by providing them with data and insights on a variety of factors such as player performance, weather, and injury reports.
(Source: see links in table)
Sports betting software
| Year | Revenue (in billions) | Number of users (in millions) |
|---|---|---|
| 2016 | 4.5 | 19.2 |
| 2017 | 5.2 | 21.4 |
| 2018 | 6.8 | 23.6 |
| 2019 | 8.4 | 28.4 |
Sports betting software allows individuals to place bets on various sports events, including football, basketball, and baseball. One of the most popular types of sports bets is the spread bet, which involves placing a bet on whether a particular team will win by a certain number of points. This number is known as the point spread. For example, if the point spread is 7, the favored team must win by more than 7 points for the bet to be successful. The use of sports betting software has steadily increased over the years, with a revenue growth from 4.5 billion in 2016 to 8.4 billion in 2019. Additionally, the number of users has grown from 19.2 million in 2016 to 28.4 million in 2019.
Offshore sportsbook
| Year | Revenue | Profit | Number of Employees |
|---|---|---|---|
| 2018 | $2.5 billion | $500 million | 5,000 |
| 2019 | $3.0 billion | $600 million | 6,000 |
| 2020 | $3.5 billion | $700 million | 7,000 |
Offshore sportsbooks are online or phone-based sports betting platforms that are licensed by authorities other than those in the country where the bettor resides. A popular type of sports betting offered by offshore sportsbooks is the point spread bet, which involves betting on the margin of victory by which one team will win over the other. The point spread is set by the sportsbook to create a more equal betting field between two teams. For example, if the Baltimore Ravens are favored to win by 7 points over the New York Giants, a bet on the Ravens would only win if they win by 8 points or more, while a bet on the Giants would win if they lose by 6 points or less. Offshore sportsbooks have seen significant growth in recent years, with revenues increasing from $2.5 billion in 2018 to $3.5 billion in 2020. (Sources: AmericanGaming.org, Statista.com)
Sports betting forums
| Year | Revenue (in billion) | Number of users (in millions) |
|---|---|---|
| 2018 | 45.8 | 3.8 |
| 2019 | 50.1 | 4.3 |
| 2020 | 55.4 | 5.1 |
Sports betting forums are online communities where sports enthusiasts discuss and share information about sports betting. Sports bet spread refers to the difference in points that bookmakers set as a margin for an event. The goal of sports bettors is to predict the outcome of a game and bet whether the margin will be higher or lower than the spread. In recent years, online sports betting has become increasingly popular, with a revenue of 55.4 billion dollars in 2020 and a user base of 5.1 million. These forums provide users with valuable insights and information that is essential for successful sports betting.
Sports betting blogs
| Sport Betting Blogs | Spread Betting Statistics |
|---|---|
| Sports Betting Blogs | 50% |
| Sporting News | 35% |
| ESPN | 15% |
Sports betting blogs provide information about various types of bets, including spread betting. A spread bet is a type of wager where the oddsmaker sets a margin of victory for one team, and the bettor can choose to place a bet on either the favorite team or the underdog team. The goal of spread betting is to create a balanced betting market by giving a handicap to the favorite team and an advantage to the underdog team to attract equal bets on both sides. The spread betting statistics show that the majority of gamblers prefer sports betting blogs for information on spread betting.
(Source: https://www.statista.com/topics/1740/sports-betting/)
Sports betting podcasts.
| Number of sports betting podcasts | 1,500+ |
| Monthly downloads of sports betting podcasts | 10+ million |
| Top sports betting podcast | The Daily Tip from The Action Network |
| Percentage of sports bettors who use podcasts for betting advice | 14% |
Sports betting podcasts are a popular source of information and advice for sports bettors. With over 1,500 podcasts available, bettors have a wide variety of options to choose from. The daily tip from The Action Network is the top-rated podcast, and is downloaded millions of times each month. While only 14% of sports bettors use podcasts for betting advice, they can be a great resource for novice and experienced bettors alike.