The sports betting industry is just as large as the gambling industry. However, it’s no surprise that the online betting industry is a trillion-dollar industry. If you’re new to sports wagering, you might be curious about which events are the most popular and attract the highest number of bettors. After all, that’s where all the action is. In this article, we’ll explore the most prominent competitions where a large number of punters stake their money.
What is Betting Volume?
Betting volume refers to the number of bets placed on a high-profile match. It is typically higher than what is normally expected. This concept applies to sporting events, and it is influenced by the popularity of the sport. The sports with the highest number of punters varies depending on the region and the specific game.
Popular Events with High Betting Volume
Now that we understand what betting volume is and how it varies across different sports, let’s discuss some of the most popular sports betting tournaments with high volume.
1. The Super Bowl
The Super Bowl is the pinnacle of the National Football League (NFL) season in the US. It attracts a massive number of viewers and is also the day when the highest number of wagers are placed. The first Super Bowl took place in 1967, and since then, it has been a significant event for both land-based sportsbooks and online bookmakers. Super Bowl 57, held in a state where gambling is legal, saw a record-breaking number of bets placed, with some bookmakers reporting up to 50,000 bets per minute. The largest payout from Super Bowl 57 was $2.68 million to a single winner who bet on the Kansas City Chiefs.
2. The FIFA World Cup
The FIFA World Cup is a highly anticipated event for football betting fans around the world. It features the best teams competing against each other for weeks of non-stop action. Due to its quadrennial nature, the World Cup attracts high betting volume. The odds for different matchups and teams are revealed after the competition ends, and forecasts for the next World Cup are already available. During the recent 2022 FIFA World Cup, a verified bookmaker in New Zealand, TAB NZ, paid out approximately $22 million to winning bettors. Argentina and France were the favorites, and the Golden Boot winner outcome received significant attention.
3. Kentucky Derby
The Kentucky Derby is the longest-running horse race in US history and is held annually on the first Saturday of May at the Churchill Downs racetrack in Louisville. With approximately 150,000 viewers on race day, this event attracts thousands of punters who place bets on their favorite horses online. It has the largest betting volume among all racing competitions in the US. The 144th Kentucky Derby in 2017 set a record for the highest betting revenue, reaching $209.2 million.
In addition to these tournaments, other events with significant betting volume include the UEFA Euro, which will have its 17th edition in 2024 in Germany. These events generate substantial revenues for bookmakers and offer great opportunities for bettors. It is worth considering them when placing bets.
Where can I check the odds for different sports events?
Online bookmakers provide odds directly on their platforms. If you want to conduct your own research, platforms like OddsChecker are ideal for finding odds for various major events.
Is it worth betting on events with high betting volume?
Sports events with high betting volume generate significant revenues for bookmakers, making them worthwhile for bettors looking to win big. Events like the Super Bowl and the FIFA World Cup are particularly attractive in this regard.