Increasing global access to mobile devices and personal computers has resulted in an online gambling boom, particularly in countries like the United Kingdom. While casino gambling and lottery participation in the UK dominates the remote gambling market, sports betting is also widely popular, with punters wagering on sports like soccer, horse racing, cricket, and tennis.
Sports are a vital part of the UK’s identity, and tournaments and competitions like Wimbledon, The Grand National, and the Champions League often see the most action on betting websites. However, while most people know sports betting is big in the UK, many don’t know that one sporting event has hundreds of betting markets. Because of this, we will explore some of the most popular sports betting markets available.
Different Sports Betting Markets
Some online betting markets are better than others, and in-play betting is one of the best. It is also one of the most popular, with reports suggesting around 75 to 80% of sports bets placed in the UK are in-play. For comparison, 40 to 50% of sports bets are in-play in the United States. With in-play betting, you’re following along with the action as it happens in real-time.
Let’s say you’re betting on a match in the English Premier League. In-play betting lets you watch the match live and see the action unfold as it happens. Depending on what’s happening, you can either stay in the market until the end or cash out early.
Some sports bettors like to make multiple predictions on one betting slip, which is why most sportsbooks offer a Bet Builder feature. The Bet Builder lets you select different wagers and combine them to create a single combined bet.
With this market, you’re dealing with single games rather than multiple events like the accumulator market. For example, if you want to place multiple bets on a football match against Liverpool v Tottenham Hotspur, your final bet slip might include the following: correct score, first goalscorer and match odds.
Lastly, you have the accumulator market. This market is like a Bet Builder in the sense that both allow sports bettors to combine multiple wagers in one bet to get bigger odds. However, as mentioned, an accumulator market can deal with multiple events rather than a single game like the Bet Builder.
Regardless of the sports betting market someone chooses, everyone starts their betting journey the same way: opening an account. Once you open your account and adds funds through your preferred payment method, you can then start exploring all the sporting events available and which market you want to bet on, whether it’s in-play or the accumulator market. Once you are happy with your selection, you can place your bet and cross your fingers.
It’s no surprise that the United Kingdom has one of the biggest sports betting markets in the world. The country is home to some of the biggest leagues and competitions and offers several betting markets to punters. Maybe one day, you feel like placing an in-play bet, and other days, you’re more confident and want to make several predictions on one betting slip. This availability of choice is what makes the UK’s sports betting market so popular and profitable.
This is a paid guest post.