With every state in the U.S. now eligible to offer sports betting, we take a look around the world at countries where gambling is legal (and also where it is not) to find out what impact it has had culturally and economically.
This British online gambling and sports betting company serves more than 23 million customers across the world by offering poker, casino, games, bingo, and sports betting, along with video streams on sporting events. The company recently inked a partnership with another sports betting company – Hard Rock Atlantic City casino to offer sports. Licensed and regulated in Panama, BetOnline offers sports, live, poker, casino, and live dealer types of betting. It offers a wide range of payment options and several accepted currencies, thus making it one of the most convenient sites for customers across the world. You get a welcome bonus of 50 percent on deposits up to $2500.
- Welcome to World Sports Betting Mobile. Enjoy Sports Betting, Live games, Lotto and more all at your fingertips when you sign up to WSB. Get instant access to every sport you can think of with Top odds on every market! Back your team and be a part of the action when you Bet with the Best! Bet on Soccer, Rugby, Tennis, Cricket, Horseracing and so much more when you join World Sports Betting.
- The Biggest Sports Bettors In The World – 3 Men That Risk Millions Betting On Sport Recently I was speaking to a friend about sports betting. He asked me who is the “Lionel Messi or Cristiano Ronaldo” of the sports betting world.
Argentina
Is gambling legal? Yes, but only for horse racing.
Year legal gambling was established: Gambling on horses began as far back as the 1880's. Argentina banned betting on soccer results in 2018. It had previously been a lottery system run by the government, which was established in 1971, banned in 1998 and established again in 2000.
Which sports are eligible? With soccer banned, it is only horse racing.
Betting parlors or online? The country is working on an online betting system that could be approved after this summer's World Cup. For horse racing, it is legal only at the track or in designated betting agencies, no online gambling is allowed.
Betting ads permitted on team kits/stadiums? No.
How much money is gambled each year? Figures not attainable.
What positive effects have resulted from sports gambling in Argentina? The revenue from the old lottery system was distributed 45 percent in prizes, 25 percent for regional leagues, 16.5 percent marketing and 13.5 percent for AFA and the Ministry of Sports.
Australia
Is gambling legal? Yes.
Year legal gambling was established: On-track race betting was made legal in 1810, with overall sports betting following in 1980.
Which sports are eligible? There are very few sports you can't bet on in Australia. Most professional events are fair game. Double down slots guest.
Betting parlors or online? Both.
Betting ads permitted on team kits/stadiums? Yes.
Any restrictions? The main restrictions in Australia come in terms of in-game advertising on television and radio during certain times so as to protect children from a flood of gambling promotion. The timings and what is allowed varies from half-an-hour before a sporting event begins right through to the final five minutes before commencement. A code of practice has been introduced by the government.
How much money is gambled each year? According to Roy Morgan research, sports betting accounted for roughly 25 percent of the money Australians gambled in 2017. Of that, more than half is wagered on the major codes in rugby league and Aussie rules football.
Statistics from the 2015-16 financial year showed sports betting expenditure in Australia increased from AUS$815 million ($609m) to AUS$921m ($690m).
What issues have resulted from sports gambling in Australia? There have been several incidents in Australian sport where the proliferation of gambling, and the problems it can create, has been brought into question. The National Rugby League (NRL) has had two high-profile incidents in recent times. Former Canterbury-Bankstown player Ryan Tandy was found guilty of match fixing in 2010 and banned for life. Tandy was found dead in 2014 after an apparent drug overdose. Last year, Wests Tigers player Tim Simona was banned for life from the NRL after he was found to have placed bets against his own team on multiple occasions.
In Aussie rules, former Collingwood players Nick Maxwell and Heath Shaw were fined and suspended back in 2011 after an investigation discovered they had shared inside information with friends and family.
Tennis has also been affected with Australian Nick Lindahl banned for seven years and fined AUS$47,580 ($35,597) for match fixing.
What positive effects have resulted from sports gambling in Australia?
Sports betting has opened up a relatively new revenue stream for government taxation but the debate continues as to whether the cost of gambling is too great on the wider community. Much of that has to do with a belief that children are far too exposed to gambling advertising, so much so that kids now consider gambling an inherit part of the sporting contest itself.
Brazil
Is gambling legal? No.
Year it was established: Gambling has been banned in Brazil since 1946.
Betting parlors or online? There is no online betting in the country, but it is possible to make online bets through foreign sites.
Betting ads permitted on team kits/stadiums? Yes, but since there are no local betting companies, it is unusual.
How much money is gambled each year? Estimates suggest Brazilians spend around four billion Reais ($1bn) a year in foreign online betting.
What issues have resulted from sports gambling in Brazil? There has been suspicion of match fixing in third-division matches.
Ghana
Is gambling legal? Yes.
Year legal gambling was established: 1960.
Which sports are eligible? All sports.
Betting parlors or online? Both.
Betting ads permitted on team kits/stadiums? Yes.
What issues have resulted from sports gambling in Ghana? Addiction among young people and a sense that it targets the most vulnerable and poor in society. Most parlors are situated in the poorest neighbourhoods.
Best odds in online casino gaming. Discover the Best Payout Casinos in 2021 - Our ultimate guide to online casinos that offer higher payouts to players, or games that offer favorable odds.
What positive effects have resulted from sports gambling in Ghana? Employment plus a steady source of income for cash-strapped local football clubs through sponsorship. There has also been a significant boost to advertising in media with major sports shows on TV sponsored by betting companies.
India
Is gambling legal? It depends what state you are in. Forms of gambling are selectively allowed through horse racing, lotteries and casino gambling. Each state in the country has separate legislations on gambling. In some states, gambling is an offence and in others lotteries are banned.
Year legal gambling was established: There is an 1867 British law called the Public Gambling Act which had stated, 'nothing in this Act shall apply to games of mere skill wherever played' and it is from there that amendments and variations around the law operate. In 1998, the Central Lotteries (Regulation) Act allowed state governments to conduct lotteries, to a maximum of one draw a week and the states then made their own laws around their specific lotteries. Thirteen of 29 Indian states have legalized lotteries.
Which sports are eligible? Horse racing (there are nine courses in India formally run by the turf authorities), lotteries and casinos (but selectively allowed only in a handful of states and union territories -- Sikkim, Goa and the union territory of Daman & Diu).
Betting parlors or online? Betting parlors are illegal, while online gambling is unregulated -- only one state, Sikkim, has a regulatory law on online gambling. India's illegal betting market is vast. A poker league has just concluded its second season in Goa.
Wsb Betting
Betting ads permitted on team kits/stadiums? No.
Any restrictions? The only legal betting allowed as mentioned earlier is in horse racing, lotteries and casinos. There is a large underground betting market that is in operation, the biggest being on cricket matches.
How much money is gambled each year? According to an estimate by the Federation of Indian Chambers of Commerce cited in various sources, the Indian betting market is said to be worth $60 billion, with cricket betting accounting for 80 percent.
What issues have resulted from sports gambling in India? Underground betting in cricket has led to two very big scandals -- in 2000, involving South African cricket captain Hansie Cronje, and in 2013, when three players in cricket's IPL were arrested. The players were subsequently banned, but there has been a further spin-off from this, which still continues. The Supreme Court set up a committee to investigate the BCCI's administration and its structures, with a complete revamp being the conclusion and one which is still being contested.
Wsb Mobile
What positive effects have resulted from sports gambling in India? Very few obvious positive effects.
Mexico
Is gambling legal? Yes.
Year legal gambling was established: 2004.
Which sports are eligible? All.
Betting parlors or online? Both.
Betting ads permitted on team kits/stadiums? Yes. Tijuana soccer team is owned and sponsored by Grupo Caliente, one of Mexico's biggest betting companies.
Any restrictions? No underage betting. The minimum age is 18.
Nigeria
Is gambling legal? Yes.
Year legal gambling was established: 2005, through the National Lottery Act which established the National Lottery Regulatory Commission.
Which sports are eligible? All.
Betting parlors or online? Both, but mostly online.
Betting ads permitted on team kits/stadiums? Not at the moment, but the domestic football league just signed a contract with 1XBet.
Any restrictions? No betting adverts on TV or radio.
How much money is gambled each year? An estimated $4.2 billion per annum.
What issues have resulted from sports gambling in Nigeria? Potential for addiction. More and more young people are crowding betting shops and these days it is becoming common to hear the phrase 'cut my ticket' referring to one or two results ruining a betting slip.
What positive effects have resulted from sports gambling in Nigeria? Perhaps the potential for higher revenues through taxation.
Philippines
Is gambling legal? Yes.
Year legal gambling was established: There is one government regulatory body Philippine Amusement and Gaming Corporation, which was established in 1976 or 1977 -- it largely seeks to regulate the casino business in the country.
Which sports are eligible? Horse racing, sweepstakes/lotteries.
Betting parlors or online? Both.
Betting ads permitted on team kits/stadiums? Yes.
Any restrictions? Only sweepstakes are allowed to advertise.
What issues have resulted from sports gambling in the Philippines? Illegal sports gambling, and a basketball player accused the PBA league of game fixing.
South Africa
Is gambling legal? Yes.
Year legal gambling was established: 1994 nationally (from the late 1970's in some Apartheid 'Homelands').
Which sports are eligible? Most, if not all.
Betting parlors or online? Both.
Betting ads permitted on team kits/stadiums? Yes. Some domestic cricket teams are sponsored by Hollywood Bets (Dolphins) and World Sports Betting (Cobras), while Cape Town City FC are sponsored by SportPesa.
Any restrictions? Every ad for a betting company or lottery on radio or TV must be accompanied by a Gambler's Anonymous-type message, directing people concerned to a helpline. Even local fictionional TV shows that mention a gambling storyline will carry an announcement at the end in a similar fashion.
How much money is gambled each year? Can't say for certain. Billions, surely.
What issues have resulted from sports gambling in South Africa? Addiction, including among women, poor people spending their pensions on the slot machines, corruption.
What positive effects have resulted from sports gambling in South Africa? Job creation and economic influx, especially from things like the Sun Met and Durban July horse races, not to mention casinos like Grand West, Sun City (massive, and one of the originals, even before the 1994 laws changed), and Carnival City.
United Kingdom
Is gambling legal? Yes.
Year legal gambling was established: 1961. Within six months of the law change, it is estimated 10,000 betting shops opened up.
Which sports are eligible? All sports.
Betting parlors or online? Both.
Betting ads permitted on team kits/stadiums? Yes.
Any restrictions? None. Betting can take place in stadiums -- most major sports venues have gambling partners who operate booths and/or roaming bet cashiers throughout the stadium.
How much money is gambled each year? Gross Gambling Yield in the UK between April 2016 and March 2017 was £13.8bn ($18.7 billion), according to the industry regulator, the Gambling Commission. That is equivalent to £208.50 ($282.73) for every man, woman and child in the country.
What issues have resulted from sports gambling in the UK? The Pakistan 'spot-fixing' trial involving the captain, Salman Butt, and the bowlers Mohammad Asif and Mohammad Amir was probably the biggest case in recent years, with each receiving custodial sentences. That arose from an undercover reporter's sting on the players and their agent. In 2009, a pan-European police inquiry found 200 matches, including 12 in the UEFA Europa League competition and three in the UEFA Champions League, to have been manipulated after players, coaches and match officials were bribed. Also in 2009, the Football Association banned and fined four players at Football League clubs for their alleged involvement in a fixed match.
What positive effects have resulted from sports gambling in the UK? The Premier League is arguably the most widely viewed season-long domestic sports competition in the world and its commercial success is in part down to its attractiveness to sports betting. But on the governance side, the UK's long history of sports betting does mean it has been able to institute lots of good-practice measures. The 2005 Gambling Act forces bookmakers to share information of corrupt activity with sports authorities. Sports corruption is also a criminal offence under that act and the 2006 Fraud Act. Given the financial rewards, though, there will always be a strong incentive for match fixers to keep trying.
With the rising popularity of sports betting, many sports fans are now seeking to enter the betting market. During the sports season, established sports bettors spend billions of dollars collectively every year while betting at licensed online betting sites, casinos, and local betting shops.
From the total volume of bets estimated from online betting, local bookies, and offshore sportsbooks, we have compiled the five most popular sports in terms of betting volume.
1. Football
European football or soccer is the most-watched sport in the world. This makes it the most popular and profitable sport to place bets on. Most bets in football are fairly straightforward. You simply have to predict whether there will be a win or a draw and state the final score.
However, there are other opportunities for more experienced bettors. They can bet on the number of corner kicks and throw-ins, and the period in the game when they will occur. They may even bet on the number of yellow or red cards to be issued and who will receive them.
So how do you win a football bet? Just like a spokesperson from SuperLenny said, “if you want to win a bet on a football match, research is essential. You need to check out different stats and even historic score patterns to improve your chances of predicting an outcome correctly. When you combine these stats with your research, you can increase your chances of winning”.
2. Tennis
Betting on tennis competitions is easy for newbies and experienced bettors because the game has no draws like the aforementioned sport above. Tennis provides a variety of simple and straightforward bets. But the most important one is predicting the winner of a match or tournament.
To win a tennis bet, you need to study each player’s ranking and performance in previous tournaments. Other factors come into play, where some players perform better on grass courts (used in competitions like Wimbledon) while others win more games on clay (a certain Spaniard has certainly demonstrated that over the years). Before placing your bet on any match, you can study the analysis of pundits and gain a better picture of who is more likely to win.
3. American Football
The National Football League (NFL) attracts the highest amount of betting money annually in the U.S. Although sports betting is not yet allowed in many U.S. states, American football lovers spend a fortune betting on league matches every year.
The climax of sports betting in the U.S. is the annual Super Bowl when NFL lovers from across the globe spend billions of dollars wagering on the outcome of that one final game.
4. Horse Racing
Traditionally, horse racing fans go to the track to make a bet on the horses they love and desire to win. This practice has evolved with the popularity of online betting. Major competitions like the Kentucky Derby, Preakness Stakes, and Grand National attract a lot of bets from lovers of horse racing every year.
To win bets on these competitions, you need to know the factors that affect the ability of horses to race and win. These include weather changes, footing, and the mood of the handlers. As with any sport you might be keen to take a punt on, the best way to select a potential winner is to do your research and check the latest stats and opinions of horse racing analysts.
5. Basketball
Basketball is one of the fastest-growing sports in terms of popularity. While the NBA is the most famous league for the sport, collegiate leagues in the U.S. and the European basketball league are also generating a lot of betting volume across the globe.
Most basketball bets involve what is known as spread betting. This requires you to predict whether a team will beat another team by a particular margin. The most exciting bets involve predicting the margin by which a favorite team will beat an underdog when the top team is playing an away game.
Those are some of the most popular sports to bet on. If you are betting for the first time, you should choose a sport you love and follow daily as this experience will be invaluable in gaining further insight into the same and, naturally, increase your chances of winning. Don’t shy away from using different sources to inform your betting activities, such as newsletters and various relevant stats provided by dedicated sports betting sites. With all of those elements in your arsenal, a win should be just around the corner. Good luck!
Main image credit:
Embed from Getty Images
Embed from Getty Images