How Big Is The Sports Betting Market?
Table of Contents
What is sports betting?
How big is the sports betting industry market?
Well, let’s just say that ever since COVID-19 hit the market, the sports betting industry just keeps getting bigger and bigger. This is where based on market research. We have found that the sports betting market is on the rise from its original value of 76.75 billion SGD in 2021. According to expert researchers, they have found that if this trend keeps up at its pace, the market is expected to reach a value of 167.77 billion SGD by 2029. You can just imagine that with that kind of valuation, how many players must be tuning into the sites daily in order to win some extra cash.
We know for a fact that the most frequent visit to the site is during weekends. This comes as no surprise as most sport competition are held during the weekends to ensure that the number of viewership is at its highest. This indirectly also translates to how many people are making bets online on their favorite player or team. We can confidently say that anyone who frequently bets in the area of football will most likely know what we are talking about and how it works.
Why do people bet on sports?
Places to bet
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SBOBET
The first site that we are going to suggest to you is SBOBET. SBOBET is a site that has been known throughout the ages by many bookies in the market. They have a license to operate in both Southeast Asia and in Europe. So, this certainly makes them one of the most famous sites for sports betting in the world. You can bet on a wide variety of games on this site. This would include not just the premier league but also things like NBA, UFC and so on. It is definitely a one stop solution for all players in their market to make their mark in the sports betting world.
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BK8
This site is just known for everything isn’t it. Yes, once again. BK8 is on the list for sports betting Singapore as well. You would have probably seen us mention them about a dozen times about how versatile and interactive their site is. This definitely goes similarly for the sports betting aspect of it as well. So, do not think that BK8 is just another site for casino. They are definitely made for so much more.