Sports betting is a popular pastime in the UK, with many people placing wagers on their favorite sports and events. In this blog, we’ll take a look at some of the most popular sports betting events and sports in the UK.
Some stats on sports betting in the UK
According to recent statistics, sports betting is a significant industry in the UK. In 2020, the gross gambling yield (GGY) of the remote sports betting sector was 2.3 billion British pounds, making it the largest sector within the UK’s online gambling industry. In the same year, football accounted for 46.6% of all sports betting, followed by horse racing at 19.3%. The number of active online sports betting accounts in the UK also increased to over 6.9 million in 2020. Additionally, in 2019/2020, the UK gambling industry contributed over 3.2 billion British pounds to the UK economy, highlighting the significant impact of sports betting on the country’s financial landscape.
Most popular sports for sports betting in the UK
Football, also known as soccer, is by far the most popular sport in the UK. With numerous football leagues and tournaments, including the English Premier League, FA Cup, and UEFA Champions League, there is always a football match to bet on. The popularity of football is also reflected in the numerous betting options available, including the match result, correct score, first goalscorer, and many others.
Horse racing is another popular sport in the UK, and it has a long history of betting associated with it. With numerous races taking place throughout the year, including the Cheltenham Festival and the Grand National, horse racing provides ample opportunities for sports bettors. Betting options include win, place, and each-way bets, as well as other exotic bets like exactas and trifectas.
Tennis is also a popular sport for betting in the UK, with Wimbledon being the most popular tennis tournament. Other tournaments like the US Open and the Australian Open also attract a lot of betting interest. Betting options include the match winner, set winner, and even the number of aces served during the match.
Cricket is another popular sport in the UK, and it has a large following of sports bettors. With test matches, one-day internationals, and T20 games, cricket provides a variety of betting options. Betting options include the match winner, the top run-scorer, and the top wicket-taker, among others.
Boxing is a sport that has always attracted betting interest, with some of the biggest boxing matches in history having been the subject of massive betting action. Betting options include the outright winner, the method of victory, and the round in which the fight will end.
Golf is a sport that has seen a surge in popularity in recent years, with the emergence of stars like Tiger Woods and Rory McIlroy. Betting options include the outright winner of a tournament, as well as head-to-head matchups between individual golfers.
Rugby is another popular sport in the UK, with both rugby union and rugby league attracting a large following. The Six Nations rugby tournament is a popular event for sports bettors, as well as the Rugby World Cup. Betting options include the outright winner, the margin of victory, and the first try scorer.
Types of bets placed in sports betting in the UK
In sports betting in the UK, there are various types of bets that bettors can place on their favorite sports and events. Some of the most popular types of bets include:
- Match Result: This is the most common type of bet where the bettor predicts the outcome of the match, whether it’s a win, loss, or draw.
- Correct Score: In this type of bet, the bettor predicts the exact score of the match.
- Over/Under: In this type of bet, the bettor predicts whether the total number of goals, points, or runs scored in a match will be over or under a specific number.
- Handicap: In this type of bet, the bookmaker will assign a handicap to the team or player that is considered the underdog, to level the playing field. The bettor must then predict whether the favorite will win by more than the handicap or not.
- Futures: In this type of bet, the bettor predicts the outcome of an event that will take place in the future, such as the winner of a league or tournament.
- Prop Bets: These are special bets that are not related to the final outcome of a match or event, but rather to specific occurrences within the event. For example, a prop bet could be the number of yellow cards in a football match or the number of aces served in a tennis match.
- Live Betting: This type of bet is placed while the match or event is in progress. The bettor can place bets on a variety of outcomes. It can also include the next goal scorer or the result of the next point.
In conclusion, sports betting is a popular pastime in the UK. There are plenty of sports and events for sports bettors to choose from. From football and horse racing to tennis and boxing, there is always a betting opportunity available.