Every year, billions of dollars are bet on the outcome in games in sports. At one point in history, gambling was prohibited and made illegal in most countries, but slowly states legalized it and started to compete with each other concentrating only on sports. This has become a big industry that is still growing every single day, and according to Zion Market Research, the global sports betting market would be worth US$ 179.3 billion by 2028, with a CAGR of 8.33% from 2021 to 2028.
The three main ball games are Soccer, Basketball, and Football (American). The biggest gambling market is likely to be the European Premier League, where people bet on all of the games played. Betting on sports has become one of the biggest markets for gambling, and everyone wants to find new ways to earn some money betting on sports. There are several ways to earn money through live betting, but there are three main types of bets commonly made.
The three main types of bets are:
1) Match Winner - the outcome is clear, and this will be the Winner of the game or competition;
2) Handicap - this is where one team starts with a certain advantage over another (normally +/− 0.5);
3) Total - this is where the mention of the total number of goals is made before the game begins, and whoever will make more goals in a certain period wins.
The sports we are talking about (Soccer, Basketball, and Football (American)) are constantly full of surprises and unexpected outcomes. This makes them perfect for gambling and earning some money. The main problem with these sports (especially for Americans) is that they do not understand the rules and intricacies of each type of game, which makes it perfect for playing as a bettor.
When playing as a bettor, you need to know about odds
and betting limits. This could be a bit complicated because every place has
different betting limits, but the good thing is that you can start small and
work your way up to big bets.
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