When it comes to sports betting, there are a lot of options to choose from. You can bet on the outcome of a game or on individual players. You can bet before the game starts or during halftime. But what is the most popular form of sports betting? First, let’s take a look at some statistics.
Sports Betting Statistics
According to a study by The Economist, around 60% of all bets made on sports are placed on outright markets, which means betting on who will win or lose the game. This is followed by match bets (betting on the outcome of a particular match), which account for around 25% of all bets. Next come player bets (betting on how well an individual player will perform), accounting for about 10% of all bets. Finally, we have prop bets (bets that don’t fit into any other category), making up around 5% of all sports bets.
Most Popular Form of Sports Betting
The most popular form of sports betting is betting on who will win or lose the game. This is known as an outright market, accounting for around 60% of all bets made on sports. Outright markets are usually available for all major sporting events, such as the Super Bowl, World Series, and Stanley Cup.
Why Are Outright Markets So Popular?
There are a few reasons why outright markets are so popular among sports bettors. First, they’re relatively easy to understand. All you need to do is pick the team or player that you think will win. Second, there’s a lot of value to be found in outright markets. Yes, the odds may be lower than other bets, but if you know what you’re doing and use promotions like the BetMGM bonus code, you can still make a profit. Finally, outright markets are available for almost any sport, so you’ll never be short on betting options.
What are Outright Market Bets?
An outright market bet is a bet on who will win or lose the game. Outright markets are available for all major sporting events, such as the Super Bowl, World Series, and Stanley Cup. For example, let’s say you want to bet on the Super Bowl. You could place an outright market bet on which team will win the game.
Outright markets are also available for individual players. For example, you could bet on who will win the MVP award for the Super Bowl. However, Player bets are usually only available for major sporting events, such as the Super Bowl, World Series, and Stanley Cup.
Types of Outright Market Bets
There are two types of outright market bets: moneyline bets and point spread bets.
- Moneyline: A moneyline bet is a bet on which team or player will win the game. The odds for a moneyline bet are usually expressed in decimal form. For example, if the odds for a particular team are 1.5, you’ll make a profit of $0.50 for every $1 that you bet on that team.
- Point Spread: A point spread bet is a bet on which team will win or lose by a certain number of points. The odds for a point spread bet are usually expressed in fractions. For example, if the odds for a particular team are 1/2, you’ll make a profit of $0.50 for every $1 you bet on that team.
Which Outright Market is Right for You?
The type of outright market bet you should make depends on your goals and the amount of risk you’re willing to take. For example, if you’re looking for a quick win, then a moneyline bet is the way to go. However, if you’re willing to take on more risk for the chance of a bigger payout, then a point spread bet is the better option.
Conclusion
Outright markets are the most popular form of sports betting because they’re easy to understand, offer value, and are available for almost any sport. However, if you’re looking for a quick win, then a moneyline bet is the way to go. However, if you’re willing to take on more risk for the chance of a bigger payout.
