So much of sports betting comes down to numbers: there are numbers in the odds of who’s going to win, numbers in the stats that help drive victory or defeat, and numbers to help influence individual statistics. Numbers drive sports betting results. The more you know, the more likely you are to win.
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Too often, however, we tend not to focus on the exact numbers behind sports betting statistics, and instead look at the bigger picture. That can be useful, but getting the skinny on the latest sports betting stats and trends can be tremendously helpful to your betting success.
We’ll take a look at some of the numbers behind sports betting stats to help you better understand them.
General Sports Betting Stats
- Sports betting accounts for 30-40% of global gambling revenue
- Over 45% of all sports bets are placed via mobile phone
- The US sports betting market has a market cap of between $60-73 billion
- Over 50% of US citizens have placed a bet on a sporting event at least once
- Only 18 of the 50 states having officially legalized sports betting
- In 2019, Nevada handled a total of $5.32 billion in sports bets
- eSports is fastest-growing sector of sports betting by volume
- The top sporting events to bet on in the US include football, basketball, and baseball
Which Sports are Most the Popular to Bet On?
Sports betting is possible on nearly every sport, but the top sporting events to bet on in the US include football, basketball, and baseball.
Not surprisingly, America’s favorite sport to put money down on is football. The best way to measure this is by the amount of money bet on a particular sport. This is referred to as the drop, and research by the UNLV Center for Gaming Research has tracked this amount since 1992. Football has been the most-bet-on sport since the UNLV Center started recording data. In fact, it’s been the most popular sport by at least $200,000 every year — some years, that number balloons to over $500,000.
The second most popular sport has been a close race between basketball and baseball. Despite the closeness, basketball has been in the lead in every year except 1998 and 1999. Those years were part of baseball’s golden age, when home runs were flying out of the park at record rates. Since 2009, however, basketball has begun to pull away, securing itself as the second most popular sport in the country. In 2019, for example, they closed the gap with football, clocking in at just $185,259 behind.
Why People Bet on Sports
Why bet on sports? Well, for one, it’s fun — it makes games more enjoyable, especially if you don’t have a particular rooting interest. Whether you bet $1, $100, or even more, having a stake in the game makes watching it more interesting and entertaining. Professional sports bettors aim for a win rate of 55% to keep betting sustainable and profitable. For the average bettor, a win rate of at least 52.4% is considered good as you are able to break even.
There has been research that shows that any kind of victory in gambling leads to the release of dopamineBloodsuckers slot. , a chemical in the brain that helps us feel good. These are some of the happy hormones, so in some ways, betting on sports is a way to increase our happiness. Of course, that happiness is increased only if you end up winning, which doesn’t always happen. But the possibility that you might win is exciting in itself — and it’s why people keep coming back.
Another fun perk of sports betting is that it is a communal activity. Many friends bet together, sometimes on opposing teams, which can be a fun rivalry. In person, watching with strangers who have the same betting interests can form fast friendships and create a sense of community. If you are sports betting in Vegas, the communal action just gets even better when the sportsbook energy is high and the technology is top-notch.
It’s also fun to test your knowledge. Many follow sports so closely and know a lot about it; betting on it puts that knowledge to task. How much do you really know? When you win, you get bragging rights. If you lose, it might be time to study up a bit more.
In all, it’s about increasing your happiness and having more fun.
Betting on Sports in Vegas
Now that you’ve got the basics down of how sports betting stats work, you’re ready to start wagering. Circa Sports is the ultimate sportsbook in Las Vegas for sports betting. Stop by Golden Gate, the D, or soon at Circa Resort & Casino in Downtown Las Vegas to place your bets in person. Can’t make it into the sportsbook? Download the Circa Sports app on iOS or Android to have your bookie right in your pocket and bet wherever you are in Vegas. Whether in person or on the app, join Circa Sports for your premier place to bet on sports.
People have bet on sports for as long as sporting events have taken place. With the emergence of the internet, betting on sports has become extremely easy and convenient, which has enabled more sports fans to feel the excitement of putting down some money on a game. People from all across the world now bet on sports such as football, soccer, baseball, hockey and more.
Online sports betting has become a huge industry with many sportsbooks competing for new players. This has created a strong marketplace where fair odds are available and sign up bonuses and incentives are offered for individuals looking to bet on sports.
Bet On Any Sport – Every Sport Covered
On each of the pages listed here you will find detailed information about betting on any given sport. This includes which sportsbooks are the best for that particular sport, as well as how to start betting on the sport and a few helpful tips to help you win money right away betting on that sport. If there is a specific sport that you plan on betting on check out any of the pages listed here:
When choosing an online sportsbook the most important thing to consider is if the sports betting site is secure and trustworthy. Every sportsbook that you see listed on BetOnIt.org is a trusted sportsbook that will keep you funds safe online and has a proven track record in the industry.
We also do our best to rank the best sportsbooks for betting on each specific sport. A number of factors are taken into account:
- How well the sportsbook covers the sport (the variety of betting options and lines).
- How competitive the sportsbooks odds are for the sport.
- Other general views of the sportsbook (features, reputation, bonuses, etc.)
For example, certain sportsbooks may pride themselves on offering a wide variety of competitive hockey betting odds, while barely touching on boxing betting at all. Some sportsbooks are better for specific sports than others.
That being said, you should consider keeping a small amount of money on a variety of online sportsbooks. This allows you to compare the odds at the various sportsbooks and bet the most favourable line. Over the long run these small differences in odds can add up to a large sum.
Regardless of which sportsbook you choose to bet on sports out of our recommendations, you will have an enjoyable experience. We do rank some sites higher than others, but every sportsbook listed here is safe, secure and trustworthy.
Best Sportsbooks For Betting On Sports
The best sportsbooks really vary by sport and by country, but if we take those factors completely out of the equations then here are our top recommended online sportsbooks.
- Most popular betting site worldwide
- Top quality live betting platform (including streaming of many events)
- Fixed odds betting for horse racing
- Accepts players worldwide
- Competitive betting lines
- Fast & easy deposits and withdrawals (including Bitcoin)
- Accepts players worldwide
- Competitive betting lines
- Old style website that is easy to navigate
How To Bet On Sports Online
To start betting on sports online the first thing you must do is open an online sportsbook account. If you plan to bet on a specific sport then we suggest you check out that sports specific page on this site (a list can be found above on this page), otherwise any of the three sportsbooks directly above are all recommended and trustworthy. Signing up an account should only take a few minutes.
In order to bet on sports with real money you will have to fund your account. Credit card deposits are generally the easiest method, but there are always plenty of other deposit methods to choose from and if you still can’t get money into your sportsbook account just contact the sportsbooks customer service department and they will go out of their way to help you fund your account. Once you have a funded account you can start betting on sports online and raking in cash!
Live Lines Odds
Understanding Sports Betting Odds
Bet It All
The odds associated with each outcome determine the amount you will win if that outcome occurs. Teams with a higher chance of winning will payout less than teams with a lower chance. It is important to understand the odds used at online betting sites in order to understand your risk vs reward when betting on sports. The most common odds formats used online are American odds and decimal odds.
American odds are most commonly used by online sportsbooks today. Let’s look at an example of a moneyline wager using American odds:
Ottawa Senators +155
Detroit Red Wings -170
In this example the +155 indicates that a $100 wager on the Senators would win $155 ($255 payout) if the Senators won. The -170 indicates that in order to win $100 betting on the Red Wings you must risk $170 ($270 payout).
Bet It All Sportsbook
Decimal odds are another common odds format, primarily used by European sportsbooks. We will look at the same example using decimal odds:
Ottawa Senators 2.55
Detroit Red Wings 1.59
With decimal odds you simply multiply the risk amount by the decimal amount to determine the payout. Then if you want to know the winnings simply subtract the bet amount. So if we risk $100 on the Senators again $100*2.55 = a payout of $255. For the Red Wings $170*1.59 = $270 payout.
General Sports Betting Tips
Here are a few quick tips to help you make money when you bet on sports online. These tips can be applied to every sport you wish to bet on. Check out the general tips page for more tips that can be applied to any form of gambling.
- Compare Odds – You should always try to find the best odds for the bet that you want to make. A $0.10 difference per dollar can make a huge difference, especially if you are betting large amounts.
- Don’t Bet Under The Influence – I’ve known people to bet a lot after having a few beers or getting high and losing a significant amount of their bankroll. Stay off of your sports betting account when under the influence.
- Only Bet Sharp Lines – Be patient and only bet on sharp lines. A slight lean should not be good enough to make a wager. Do not feel like you should bet on every sporting event on the planet. Betting more on fewer games is a much smarter strategy.