Sports betting has been around for centuries, and it continues to be a popular form of gambling today. But which sporting event is the most bet on? It turns out that there is no definitive answer, as different types of sports attract different amounts of betting activity. However, some of the most popular sports to bet on include football (soccer), horse racing, American football, basketball, and baseball.

Football (Soccer)

Football is the world’s most popular sport and it has long been a favorite among gamblers. In fact, analyst firm Statista estimates that global football betting revenue was expected to reach nearly $50 billion in 2020. That figure includes both land-based and online wagering and it represents a significant portion of all sports wagering worldwide. BestBest is one of the websites where you can try to bet on Football. Football matches can attract large sums of money from fans who want to show their support for their favorite teams or players. This makes them highly attractive to bookmakers who want to capitalize on the popularity of these events by offering bets on them.

Horse Racing

Horse racing is another sport with a long history as an attractive option for gamblers. Horse races have been held in many countries around the world for hundreds of years and they remain hugely popular today. In fact, according to research firm H2 Gambling Capital, horse racing accounted for nearly 8 percent of all sports betting handle in 2020 worldwide. This makes it one of the most bet on sporting events globally and explains why many bookmakers offer bets on horse races alongside other sports markets.

American Football

American football also attracts significant attention from bettors each year thanks in part to its popularity in North America and its lengthy season schedule which offers plenty of opportunities for wagers over the course of several months. According to Statista estimates, total handle on NFL games alone was expected to exceed $9 billion in 2020 with additional funds coming from bets placed on college football games as well as other leagues such as XFL or CFL in Canada. 

Basketball

Basketball is another sport that generates billions in annual betting revenue due largely to its widespread popularity across multiple continents including Europe, Asia-Pacific region and Latin America . According to H2 Gambling Capital analysis , basketball accounts for about 7% share of global sports betting revenues . The NBA remains one of the biggest draws with millions tuning into each game during regular season or playoffs . As such , bookmakers often offer a variety of special props including nationalities involved , player performance levels , team standings etc . 

 Baseball

Baseball may not have quite the same audience as some other major sports but it can still draw significant interest from gamblers due largely to its familiarity among North American audiences and its relatively slow pace which allows bettors more time to analyze data before making a decision . Additionally , Major League Baseball games are often played late in the evening when traditional day jobs have ended making this an ideal option for those looking for some entertainment after work hours or at night . According Statista estimates , total handle generated by MLB games was expected exceed $11 billion dollars in 2020 .

Volleyball

Volleyball is another sport that has been gaining popularity as a betting option in recent years due to its fast-paced nature and availability of both indoor and beach versions . The professional volleyball seasons in both the U.S. and Europe attract plenty of interest from bettors and bookmakers alike . According to H2 Gambling Capital , volleyball accounted for about 4 % of global sports betting revenues in 2020.

Conclusion

In conclusion , there is no single sporting event that stands out above all others when it comes to generating interest from gamblers . Different types sports appeal different audiences making this a highly individualized choice based largely upon personal preference . That being said , some clear frontrunners include football (soccer) , horse racing , American football , basketball and baseball – all attracting billions of dollars worth handle every year across various international markets .