Tips For Winning in Sports Betting

Many people place wagers on sports events to make money, and many others enjoy the game more because of the opportunity to bet on a team. But while there are some who make money betting on sports, only a few will be successful over time. Still, millions of people place bets each year on games from all over the world, with the total market valued at more than $3 trillion a year. Here are some tips for winning in sports betting.

sports betting

One of the most common forms of sports betting is in-play gambling, whereby players place bets on the outcome of a sporting event. While it is not as widespread as casino gambling or poker, the practice has roots hundreds of years ago. Before the sport was even recognized, people have been placing bets on the outcome of sporting events. Some sources claim that people began placing bets on the results of sporting events as early as Ancient Greece. Regardless, it is clear that wagering activities date back centuries before that.

Sports betting is a popular activity and is estimated to be about 18% of the $449 billion global gaming market. While popularity varies from region to region, the popularity of particular sports varies. According to Goldman Sachs, the online sports betting market is set to grow at a 7.1% annual rate between 2018 and 2022. The overall popularity of sports-betting is predicted to grow at a rate of 7.1% between now and 2022, but that growth may not be enough to make it worth the investment in legalizing this industry.