Most Profitable Sport To Bet On
Which is the most profitable sport to bet on, according to you? I'm planning to do some statistical research on gambling. I want to deep dive into one of the sport and try to find my edge. I understand the following sports. One of the best sports betting strategies is to narrow your focus on one sport. Even then, your focus might be too wide. There are 32 NFL teams and a full slate of games at 1:00 p.m.
- Sports betting is a favorite pastime for many gamblers, therefore, they’re in a constant search for best sports for betting to increase their winning chances. As the number of online casinos in the US today increased, the betting game choice has also expanded. You can find the easiest sports to bet as well as the most complex ones and bet.
- One of the most profitable sports to bet on can be European Football (soccer), but in this video I’m only going to take a look at the major North American sports. College basketball and college football can.
- Follow me on twitter - break down the four major North American professional sports and look for the most profitable spo.
Sports betting is becoming popular throughout the world as more countries begin to regulate the industry, making it legal to bet on sports.
This is nothing new to Aussies, as we’ve been able to enjoy a cheeky bet on the footy with the best sports betting websites for as long as we can remember.
But what is truly the most profitable sport to bet on?
It is a question that can’t be answered easily because it really depends on the level of sports knowledge you have and the amount of time you have available to invest in learning the ins-and-outs.
Comparing Australian Sports Betting With The World
For Aussies, we love to bet on our homegrown Australian sports leagues like the A-League, NRL, AFL, and the NBL.
But, in comparison to the popular Australian leagues, America is one market that has huge potential for bettors because of the sheer number of games that are being played each week.
Look at it this way:
Best Sports To Bet On
- The National Football League (NFL) has 256 games per season
- The National Hockey League (NHL) has 1230 games per season
- The National Basketball Association (NBA) has 1230 games per season
- Major League Baseball (MLB) has a 162 game schedule, meaning 2430 games per season
Compare the above figures with the leagues in Australia, we have:
- Australian Football League (AFL) has 396 games per season
- National Rugby League (NRL) has 384 games per season
- The A-League has 286 games per season
- Australian Baseball League (ABL) has 320 games per season
It is easy to see that expanding your comfort zone to include the American sports leagues can be very lucrative –plus in Australia, punters can bet on sports worldwide thanks to the gambling-friendly legislation.
What is also interesting for the American sports leagues is that analysts provide comprehensive stats and match-ups information.
This data comes in very handy because, with online sports betting, there are a variety of markets to place wagers with this information coming in very handy.
The MLB is a tricky sport to bet on because of this, the game is very player focused rather than being a team-based sport. So, while punters can bet on a variety of player stats, a slump in player form can place a big shift in your returns and also means you need to pay extra attention to analyzing match-ups.
Five Profitable Sports For Australians To Bet On
The beauty of Aussie sports is there is always something going on, meaning punters can bet all year round.
Check out the following markets for easy-to-bet sports, which are very welcoming for beginners.
Australian Football League
This one is a no brainer for many Aussies, purely because the game is so popular, provided you live in the south-east states.
For punters with a solid knowledge of the AFL and understand the ins-and-outs of the game, betting on the AFL is a good starting point.
Football
The world game has unbelievably huge markets worldwide.
It’s a hate-it-or-love-it game, but the markets don’t lie. Betting on football (or soccer for some) is less technical so an easy entry point for sports bettors.
Basketball – NBA and NBL
Basketball is surging in popularity largely thanks to the massive personalities in the game, and the accessibility for fans to connect to their lives through social media.
For punters, Basketball is fast-paced which makes the game easy to get into and the simple rules are a punters dream.
Make full use of the NBA and Australia’s NBL for a significant number of games to bet on, but do some research into the star players on teams and check out the recent events for teams as the potential for upsets is high in these two leagues.
For advanced bettors, consider checking out the NCAA College scene in America, which is extremely popular, however, not too beginner-friendly given players are coming out of high-school, which means reputable information can be less accessible.
National Rugby League
Much the same as the footy chances are if you aren’t mad keen for AFL then you will be heavily involved with NRL.
For punters with sound knowledge of the biff and NRL, it would be best to stick close to home and start with following your hometown league team.
Baseball – MLB and ABL
Baseball in America is massive.
Odds for the MLB are very lucrative which can make a decent profit if done right, however, the large volume of games may cause punter exhaustion!
While the MLB season runs from March to October, the Australian baseball league will keep you busy in the off-season, with the ABL running from late November to early February.
We recommend punters who are just starting out with baseball to consider starting out by focusing on just one league – i.e. either the American League or the National League for the MLB. This will reduce the number of games and teams significantly because each league has 15 teams.
For any type of betting there are particular markets that offer better odds. Bookmakers will usually have a wide and varied range of betting markets and this is especially true for big events such as the European Football Leagues or NFL for example.
It is important that bettors choose their markets carefully to ensure that they are giving themselves the best opportunity to make a profit. Football and horseracing are two sports where betting has been known to be very profitable.
There are many types of football bets that include bets like double chance and the both teams to score bet, but the majority of successful bettors will usually choose a straight win, goal line or they will opt for the Asian handicaps.
Most of the experts believe that these three types of bets are the easiest to place and can be very profitable.
Basic Bets
Most Profitable Sport To Bet One
The straight win bet is self-explanatory and with this bet the bettor is given three options to choose from, home, away or a draw. If the bettor predicts the outcome correctly, they will win the bet.
Unfortunately, many bettors make the mistake of betting on the favourite which usually has very low odds and is not a good strategy to follow as it is not profitable over the long term.
Bettors should look for options where the odds are even and information which suggests a particular team as the favourite.
Over/Under 2.5 goals bets is another common bet which professional bettors use. With this bet quite a bit of work is required in terms of long-term statistics of the teams do play an important part.
Most Profitable Sport To Bet On Bet
With this bet, bettors will have plenty of edge and bettors who have patience and the determination to win can benefit greatly from analysing smaller leagues.
The Both Teams to Score bet is very popular and although it may not yield profits in the major leagues the odds are usually very favourable in the smaller league matches. Looking at leagues such as Dutch, Belgian or South American leagues can definitely pay off.
Asian Handicap Bets
Asian markets are a relatively new introduction and are another betting market used by many professional bettors who frequent the online casino New Zealand establishments that also offer sports betting.
This type of bet is where the teams are brought closer to level, and this is done by adding a certain number of goals to the final score and this is done before the match has begun.
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The basic Asian Handicap is zero and when the zero Asian Handicap is in play the bettor will win if they have predicted correctly, but they lose if their team loses and the bets that were placed are refunded if the match is a draw.
There are also Asian Handicaps, which include +0.25 where bettors will lose half their bet if the match is a draw and their entire bet if they pick the losing team.
The +0.50 where bettors will win if they pick the winning team but otherwise they will lose. The +0.75 the bettor will win the whole amount if their team wins by 2 goals more and they will win half if their team wins by 1 goal.
This type of betting lets player’s place bets with more flexibility, gives them more opportunities to predict the winner and minimises losses.
These bets are popular in that the bookies often give higher payouts for them, which improves the odds allowing bettors to beat the bookie.
Bettors will need to choose their bets very carefully and also look out for the best odds possible to increase the chances of a profitable bet.