What Are Betting Markets?
The growth of online sports betting in the United States and most European countries has fuelled the amazing rise in revenues collected by sports betting operators.
With the rising revenues, sports bettors can engage in more online sports betting activities as different betting markets offer.
Betting or prediction markets as they are called in the sports betting industry allow punters to trade on the outcome of different sports events. In a betting or prediction market, a draw no bet option is quite popular.
Our industry expert Yordan Spasov said: “”Draw No Bet lets you have fun and grab better odds than what you will find on Double Chance markets. All while adding the extra layer of protection to your bets. DNB is one of the best markets available when betting on underdogs and accumulators.”””
As explained by Yordan Spasov, draw no bets present better winning options when compared to winning options presented by Double Chance markets, especially if you are fond of accumulator and underdog betting.
Different Betting Markets Explained
Online sports betting has become very popular in the last several years. According to a study conducted by Grand View Research, the global sports betting industry was worth over US$66 billion in 2020.
From 2021 to 2028, the industry is expected to grow at an annual rate of 10.01%. The major factors contributing to the growth of the industry include enriched digital infrastructure, friendlier gambling laws, and of course, increasing penetration rates of connected devices.
At the end of 2021, Data Reportal published its study on global Internet usage in the world. According to the report, there are over 4,8 billion Internet users. The same report also revealed that there are over 5,2 billion mobile phone users.
These are two crucial factors driving the popularity of online casino gaming and sports betting. With more individuals becoming interested in online sports betting, the list of available betting markets has grown as well. Today, the most popular betting markets are:
– Asian Handicap
– Over/Under
– Fixed Odds
– Accumulator betting
– Sure betting
– Full Time/Half Time
– Draw No Bet
– Double Chance
– Correct Score
Asian Handicap betting as suggested originates from Asia. Asian Handicap is mostly used in football betting. In Asian Handicap, one team gets a virtual lead position based on its past performance and current shape. In level Asian Handicap, there is no difference in form or abilities between the teams competing. Over/Under betting is also very popular in football. Instead of betting on the exact number of goals you believe may occur, you predict whether the exact number of goals will be lower or higher than the number determined by a bookmaker.
Then, there is Fixed Odds betting. As suggested, in Fixed Odds betting, all bets come with fixed odds, including fixed returns. Fixed Odds betting also called Match betting can bring quite high returns if you win bets with higher odds. The opposite of Match betting is Spread betting. In other words, in Spread betting, the odds on losses and returns are not fixed but they are determined on a variety of potential returns and other factors.
In-play or live betting is getting more popular. This type of betting involves placing your wager or wagers after the sports match has started. With Sure betting, you can make some profit regardless of which sports team wins the game. When multiple matches are played in football, sports bettors place accumulator bets. In other words, accumulator betting involves placing a selection of bets from different betting markets. System betting is closely related to accumulator bets. In System betting, accumulator and single bets are combined.
Full-Time/Half-Time betting is when you predict the score at the end of the game or the end of half-time. Correct Score betting involves predicting the game’s score at the end. The odds in Correct Score betting can get very high, but winning is tricky. Double Chance betting is when you pick two outcomes to boost your winning odds. In most cases, you pick two out of three possible options. Draw No Betting as explained in the beginning is very simple.
If you support one team, but you do not want to lose your bet if the match ends in a draw, you place a Draw No Bet. Essentially, you win money if your team wins and you get your stake back if the game ends in a draw. Since you face a significantly reduced risk, the winning odds are generally lower.
Image: Pixabay
