Sports betting is a global phenomenon. Millions of people around the world place wagers on various sporting events on websites like IviBet. From football and basketball to horse racing and cricket. Sports betting has become a multi-billion dollar industry, and some events stand out for their massive betting volumes. Here, we take a look at some of the sporting events with the biggest betting volumes in recent years.
Super Bowl (American Football)
The Super Bowl is the championship game of the National Football League (NFL) in the United States. It is one of the most-watched and bet-upon sporting events in the world. It is estimated that billions of dollars are wagered on the Super Bowl each year. Both legally through licensed sportsbooks and illegally through offshore and online bookmakers. The betting volume for the Super Bowl includes a wide range of bets. Including point spreads, moneylines, prop bets, and even novelty bets on the halftime show and commercials. Making it a massive event for sports betting enthusiasts.
FIFA World Cup (Football/Soccer)
The FIFA World Cup is the pinnacle of international football/soccer tournaments. It takes place every four years. With billions of fans across the globe, the World Cup attracts enormous betting volumes from various countries. From pre-tournament bets on the winner to in-game bets on goals, corners, and player performances. The World Cup generates an immense amount of betting activity. In addition, the World Cup offers numerous opportunities for live betting,. Bettors can place wagers during the matches, further adding to its colossal betting volume.
Kentucky Derby (Horse Racing)
The Kentucky Derby is the first leg of the Triple Crown of Thoroughbred Racing in the United States. It is one of the most prestigious horse races in the world. Known as “The Most Exciting Two Minutes in Sports,” the Kentucky Derby attracts not only horse racing enthusiasts but also a significant amount of betting action. With large fields of horses and a wide array of betting options, including win, place, show, exacta, trifecta, and more. The Kentucky Derby is a major event for horse racing bettors. Generating substantial betting volumes both on-site at the race track and through online and off-track betting platforms.
March Madness (College Basketball)
March Madness is the nickname for the NCAA Division I Men’s Basketball Tournament in the United States. It takes place annually in March and April. It is one of the most popular and widely bet-upon sporting events in the country. With millions of fans filling out brackets and placing bets on the outcome of the games. The tournament features 68 teams competing in a single-elimination format. Leading to numerous betting opportunities, including point spreads, moneylines, totals, and prop bets. The sheer number of games and the intensity of the tournament make March Madness a significant event in terms of betting volume.
In conclusion, sports events with the biggest betting volumes are a testament to the immense popularity of sports betting worldwide. The availability of various betting options adds to the excitement and allure of these events for sports bettors. However, it’s important to remember that sports betting should always be done responsibly. Bettors should be aware of the risks and regulations associated with it.