The gambling industry continues to develop and offer various tools for quick, convenient and profitable betting on sports disciplines. That is why sports betting on platforms such as 1xBet is so popular. An additional factor in the widespread popularity of betting has been large winnings and growing market volumes. Let’s take a look at some of the most interesting moments that have occurred in the world of gambling.
Sudden Luck
Sports betting attracts not only with its excitement, but also with the opportunity to hit the jackpot. How often have bettors been on the verge of failure, but a lucky coincidence changed everything? However, some were not lucky right away – they had to make many bets to get that very win. Here are just a few exciting stories about wins:
- Jim McIngvale. An experienced bettor who managed to combine business with his passion for betting. In 2022, Jim bet an unimaginable $10 million on the Houston Astros to win the World Series. The team did not disappoint their fan and won, and McIngvale earned £75 million.
- Tayla Polia. Her odds were 20,000 to 1 when she chose a parlay bet on NFL matches with 15 outcomes. Interestingly, Tayla invested only $5 and received $100,005. It was only the second bet she had ever placed. Well, beginners are lucky!
- Dave Oancha. A fan of UFC betting, Dave chose odds of 11 to 1 for Holly Holm to win. He probably didn’t even expect to win, but nevertheless, he did. Oancha received $200,000 in his account.
- Billy Walters. A bettor with extensive experience, in 2010 Billy placed a £3.5 million bet on the New Orleans Saints to win Super Bowl XLIV. Interestingly, the team was considered an underdog, so this bet was a pure risk. However, in an incredible showdown, the Indianapolis Colts still lost the battle.
Interestingly, it wasn’t just ordinary people from different countries who took part in the betting. For example, Richard Hopkins, an actor and Formula 1 fan. In the 2000s, he bet on Lewis Hamilton to win and was right. The winnings amounted to £165. Entrepreneur Ashton Kutcher, actor Charlie Sheen, and Ben Affleck also enjoy placing bets.
Large Betting Volumes
Football is one of the most popular sports in the world. Naturally, it is for this sport that bettors create a line with a variety of markets and odds. One of the most significant events in this sport is the FIFA World Cup. This tournament is held every four years and attracts an incredible number of bets. In recent years alone, the volume of bets has grown to $30 billion.
Other events in the world of football are not far behind. For example, the World Cup also attracts a lot of bets. In 2018 alone, their volume was estimated at $155 billion.
Basketball also attracts a lot of bets, especially during major events. For example, the Asian and European regions actively watch all NBA games and place large bets. And the so-called ‘basketball madness’ held in the United States every spring (the final tournament of the NCAA men’s and women’s college basketball championships under the Olympic system) involves billions of dollars. In 2023, bets in this area amounted to more than $15 billion on the American continent alone.
The Wimbledon tournament, which is held annually for men and women, remains relevant. The event is very prestigious and profitable, as most tennis fans strive to get there. Because of all this, the volume of bets on Wimbledon reaches hundreds of millions of dollars. Bets are accepted from all countries around the world.
The Development of the Gambling Market
Sports betting is one of the oldest forms of gambling. Of course, in the past, it took a completely different form. Ancient inhabitants placed bets directly during competitions, cheering on their favourites in the stadiums. Modern betting is a huge industry built on technological tools and strict regulators.
The total revenue of the sports betting market is expected to reach nearly $78 billion by the end of 2025 and almost $99 billion by 2030. Various factors contribute to this increase. For example, there are a large number of sporting events available for betting. Today, you can bet not only on key disciplines such as football or basketball, but also on lesser-known ones such as beach football, snooker and golf.
The availability of betting platforms has also influenced this development. Today, you can place a bet anytime, anywhere using 1xbet mobil app. The restrictions that required trips to stadiums, searching for bookmakers, and providing cash have disappeared.
The Most Popular Types of Bets on Platforms Such as 1xBet
Analysing the bets that players make most often, we can identify some popular types. Let’s look at them in the table.
| Totals | These are the so-called over/under bets. Their advantage is that you don’t have to guess how many goals or points individual teams will score. |
| Express | Combined bets of 3-5 in one set. With successful data analysis, it is quite possible to choose winning bets. |
| Event bets | Bookmakers usually offer specific events that they believe may occur during a match or tournament. For example, which player will score the first goal or receive a card. |
| Outcome bet | The bettor simply needs to choose how the event will end. Possible options: victory of team/player 1, victory of team/player 2, draw. |
As you can see, the sports betting industry is very diverse and sometimes offers its participants the most unexpected twists and turns. Interest in this type of entertainment is expected to continue to grow in the coming years.
