What are the world’s largest sports betting markets?
Competition is now fiercer than ever with such a variety of sports betting markets to choose from. But which are the most secure and offer players the best value?
As a result, we’re going to look at which sports-related betting markets are the largest in the world. Additionally, we’ll also consider what prospective users should look out for when signing up to one of the many digital platforms.
Recognizing the Largest Markets
When considering which sporting sectors are the biggest in the online betting industry, football is one of the very first that comes to mind. In seeking to broaden the market beyond existing customers, several of English football’s traditional teams, including West Ham, Fulham, Stoke and Swindon Town, are now partnered with well-respected online platforms to promote secure participation at fully licensed operators.
In an effort to establish the best betting sites in the UK, some of the key players are listed here, with many of them providing substantial opportunities in the football market. At 888sport, which is directly partnered with Swindon Town, customers can bet across 31 different markets and a total of 135 football leagues, which highlights the sport’s global appeal. Moreover, at platforms such as bet365, their unrivaled sportsbook interface allows for betting purists to enjoy live streams of the most significant sporting events after placing a bet.
As highlighted by the fact that the Call of Duty League owners have paid more than $25 million to establish their place in the 2020 eSports league, the competitive gaming sector is continuing to grow at a rapid rate. In turn, and after increased demand for eSports betting markets, it’s now one of the world’s biggest players in this industry.
Unlike other platforms, Betway offers a betting portal that is purely dedicated to eSports events. Through getting the latest advice from their blog, players can get involved in 12 different competitive gaming markets, including Dota 2’s record-breaking International tournament. Furthermore, SportNation, an operator which offers comprehensive coverage across numerous eSports events, boasts odds levels of between 93.17 and 94.84 percent in addition to a welcome bonus of approximately $130.
What Should You Look for in a Betting Platform?
Between 2019 and 2023, analysts predict that the sports betting market is set to grow at a CAGR of 8.62 percent. As the market is already incredibly competitive, and with it set to develop further in the coming years, there are a few all-important key factors that should be taken into consideration before signing up with a betting operator.
First and foremost, security is one of the most pivotal aspects of any online platform. In truth, many of the modern-day services ensure player protection with GamCare and Gamble Aware, while others provide system security through RapidSSL or 128bit, for example. Moreover, of the platforms that we’ve already touched upon, both Betway and 888sport are compatible with PayPal, meaning that super-fast deposits and no transaction fees are guaranteed.
Traditional and Contemporary Sports Lead the Way
Football has now been one of the world’s largest sports betting markets for some time, but with the emergence of eSports, contemporary sectors are starting to modernize the outlook of the betting industry. While the two markets continue to become intertwined off the field, competitive odds, vast market opportunities and secure payment structures ensure that both are well placed to enjoy sustained long-term success within the betting scene.
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