Betting on Sports? These Four Events Are Where Your Money Should Be
In 2017, a record bet of $4.9 billion was made in Nevada alone, a 440% growth from the first time sports betting figures were tracked in 1984. This number alone is proof that sports betting has definitely gone a long way since it was first introduced as part of online gambling along with table games, poker, card games and online slots such as the immensely popular Megaways Slots
. It was also in the same year that betting on basketball, baseball and football reached an all-time high in the state, and the figures keep on growing more each year.
But with the many options for sports betting, these four events are getting the biggest betting volume, which make them great choices if you’re wondering where to put your money:
The Super Bowl
Whether or not you’re a big sports fan, you’ve probably heard a thing or two about the Super Bowl. The National Football League has become a part of American culture and its annual championship is the most popular betting event every year, accounting for almost half of all sports bets placed in the United States.
The Super Bowl is played between the champion of the National Football Conference and the champion of the American Football Conference. Held every February, this is the culmination of the regular NFL season and has been held since 1967.
Last year, the game between the Eagles and Patriots raked in a record-breaking $158.6 million wagers at Nevada sportsbooks alone. But according the American Gaming Association, the wagers for the 2018 Super Bowl LII have reached a staggering $4.76 billion.
The FIFA World Cup
It’s no secret that football is still the most popular sport in the world and the most widely viewed and followed sporting event exceeding even the Olympics. So, it’s no surprise that it’s also the most popular choice for bettors accounting for 70% of sports betting revenues each year. And when it comes to the ultimate football event, it has to be the FIFA World Cup, which occurs every four years.
From 210 countries, 32 teams will compete for the title over a period of one month in different venues within the host nation. The FIFA World Cup has been played since 1930 with Brazil bagging the most championships at five followed by Germany and Italy with four titles each.
In 2018, France took home the trophy after winning its second title in Russia. Throughout the event, bettors will be able to place their wagers on their favorite team and players. This is why the estimated bet for the FIFA World Cup is about $260 million.
Horse racing is one of the oldest sports that people bet on, and if you’re a fan of the races, you can never miss betting on one of America’s longest running sports events, the Kentucky Derby.
Held annually on the first Saturday of May, the Kentucky Derby is known to Americans as “the most exciting two minutes in sports” since the race lasts only about two minutes but a lot of money can be won—or lost—within that time.
It is the reason why the Kentucky Derby attracts more fans and bettors than any other stakes races in the country with more than 150,000 spectators on the racetrack. At the 144th Kentucky Derby, Churchill Downs recorded a staggering wager of $209.2 million, $139.2 million of which were placed in the main race alone.
The NCAA tournament is an annual event organized by the National Collegiate Athletic Association covering different sports including basketball, baseball, football and hockey. But one sport attracts the most wagers in what is called March Madness is the men’s basketball tournament where 68 college teams from the Division 1 Level of the NCAA compete against each other in seven single-elimination rounds within a month to bag the championship.
Founded in 1939, the NCAA March Madness has become one of the most anticipated sporting events in the United States. According to the American Gaming Association (AGA), the 2018 NCAA men’s basketball tournament has an estimated wager of about $10 billion. UCLA has the most titles with 11 championships and Virginia is the reigning champion after winning their first title.
Are you ready to place your bets?
With sports betting now legalized after that historic overturn at the New Jersey Supreme Court, this is the perfect time to place your bets on these sporting events. Whether you’re a big basketball fan or you prefer to cheer on the racetrack, you definitely have a chance of winning it big with the right bets at the right races.