What Are the Most Popular Sports by Betting Volume?

Sports betting remains the most popular form of gambling globally. This is perhaps because different forms of sports are popular in different parts of the world. For instance, when you look at data from a top sports betting platform like Betway, you will discover that football/soccer is the most loved sport worldwide. However, when it comes to the other sports, their popularity varies regionally. So, does the popularity of football translate into more bets on football matches? Read on to find out the most popular sports by betting volume:

1. Football/Soccer

Soccer is undoubtedly the most loved sport globally. Therefore, it is not surprising that it tops the list as the most popular in betting volumes on Betway online. In the past, horse racing used to top this ranking, but recent developments have led to changes.

These transformations have made soccer a betting monster. For instance, reports suggest that sports betting fans spend 1 billion GBP on soccer bets every year.

Analysts state that it is challenging to collect the most accurate data on soccer bets. This is because there are millions of soccer events happening around the world.

2. American Football

Reports from the USA show that the National Football League (NFL) receives the highest amount of betting money every year. Although sports betting is still prohibited in several states in the US, NFL fans spend millions of dollars annually wagering on NFL matches.

Moreover, the betting volume will continue to rise as more states relax their restrictions on sports betting. Also, other grand events like the Super Bowl usually attract betting fans from around the globe who wager billions of dollars on the final game’s result. This is regarded as the pinnacle of sports betting in the US.

3. Horse Racing

Horse Racing is arguably the oldest sport in the sports betting industry. The horse racing events are some of the biggest sports events that usually have enormous prize money. Moreover, the events also attract many bettors globally, especially the elite in society.

Reports suggest that horse racing is worth over 100 billion EUR each year. Astonishingly, Japan leads in horse racing bets, followed by the UK and Australia. The US is also quickly catching up with its horse racing betting volumes increasing by the day.

4. Tennis

Tennis has also grown as a sport in recent years. The rise in the game’s popularity has also attracted many gamblers to bet on tennis events. According to several reviews, betting on tennis is straightforward, making it ideal for rookie gamblers and veterans.

You must conduct proper research to win a tennis bet. In your research, you should look at past experience and player ratings. Also, put into consideration the tennis court being used. Some players play better on grass courts, while others prefer clay courts.

5. eSports

Several sports betting reports suggest that eSports is the fastest-growing sport in betting volume terms. This rising popularity has forced sportsbooks to react fast or fall behind their competitors.

Although virtual racing has been around for some time, other events have also started growing. As a result, you will find many eSports betting options on online sports betting platforms like Betway. This option also ensures that sports bettors have events to bet on when there are no live sports events taking place.