Basic sports terminology you should know before placing a bet

Sports betting is becoming almost a global pastime. With the advent of online sports betting, more and more people are choosing to try their luck in wedging on sport events.

It is true that in the majority of the Muslim countries, sports betting – both land-based and online – is forbidden. Throughout most of the United States, likewise, sports betting is made illegal. But in Europe, people enjoy betting on sport matches so much that many of them become addicted to it. Thus, in the United Kingdom, sports betting is so popular that almost 2 million people there are classified as problem gamblers or as being at risk of addiction.

Forty-one million visitors flock to Nevada each year to try their hand at gambling and bet on their favorite sport games. The amount of money people annually invest in sport wagering is staggering. According to the latest statistics, around $70 billion is bet on sports worldwide; and these numbers are only approximate, since some of sport betting is done illegally.

In the USA, more than $3 billion is wagered on sport events, with $1.3 billion of this amount placed on American football. The statistics also show that particularly intense betting on American football becomes during Super Bowl: about $99 million gets invested in this sport in America alone.

It is also estimated that more than 200 million people wager on Super Bowl in the world, betting more than $8 billion on its winner. In the UK, sport lovers do not wait for specific events to take place but eagerly bet throughout a year. Their passion for betting makes Britons the leader among European countries engaged in sports betting. In Asia, Japan tops the list.      

Continue reading here.