Soccer is the most widely watched sport in the world, so it should come as no surprise that it is also the most frequently bet upon. Around 70% of all legal and illegal betting worldwide, both in legal and illegal markets, is on soccer, according to betting and sports data analyst Sportradar. The FIFA World Cup is the soccer competition with the highest volume of wagering.
The UK bookmaker Paddy Power benefits from a 13% increase in World Cup wagering revenue in the second quarter of 2018, which is more than double the World Cup wagering in 2014. Despite the Chinese national team not making it to the championship match, sales for the China Sports Lottery increased by 57% and 50.3%, respectively, during the 2018 FIFA World Cup.
The amount wagered illegally must be even greater because the aforementioned sums only represent the revenue generated by legal betting.
The Secret of Betting Odds
No matter what the result of the game is, as long as the betting amount between the two teams falls within a certain range, the bookmaker will basically make no losses. The bookmaker’s profit range is this specific range.
For example, if you open a bookmaker,
- The odds offered are 0.82 for Team A to win (that is, $1.82 for every $1 bet) and 1.1 for Team B to win or tie ($2.1 for every $1 bet);
- The total bet on Team A is $1 million, and the total bet on Team B is $900,000. So you received a total of $1.9 million in bets before the game;
- If Team A wins, you need to pay $1m 1.82 = $1.82m, and your gross profit is: $1.9m – 1.82m = $80,000; if Team B wins, you need to pay $900,000 2.1 = 1.89m, and your gross profit is: $1.9m – $1.89m = $10,000.
The Sports Betting Platforms’ Secrets
But not only bookmakers have a good sense of judgment. In order to undermine the integrity of sports betting, some bettors even turn to cheating. Bettors are also paying closer attention than ever to betting odds and stake limits. As a result, participating in the lucrative online sports betting market has high financial and technical barriers in addition to being risky and regionally restricted.
If you’re interested in entering the sports betting market, you might want to speak with a reputable and significant industry participant, like FAFABETSGAMING, which dominates the Asian gaming market. Your betting platform can be customized to meet your needs by our enormous professional team. You assist in seizing the chance and standing out internationally through complete technical support and a wide range of partners.
World Cup betting tips
Given the peculiarities of the group stage and the unpredictable nature of the knockout pairings, betting on the World Cup can differ from betting on regular soccer in a number of ways. Here are a few useful pointers to keep in mind.
Avoid looking for upsets.
While it can be entertaining to predict which elite teams will be eliminated first, the World Cup is generally “chalky” and quite simple during the early stages of competition.
Yes, there will inevitably be one or two favorites who fall short, but the majority will advance to the knockout round. Finding the one team that will collapse in order to greatly profit can be a fool’s errand. While value is still important, don’t avoid minus odds like you might when placing daily soccer bets.
The World Cup is not quite like March Madness. The talent gap between the top teams and those who are content to be there usually shows through when the best teams win, especially early in the game.
MORE: A Beginner’s Guide to Soccer Betting
In addition to keeping the preceding point in mind, it’s critical to understand a team’s situation and adhere to the various qualification scenarios. This will primarily be relevant on the final matchday of the group stage, when some teams will already have qualified for the knockout stage. Due to the possibility of injuries in the later rounds, these teams frequently rest players or reduce their aggression.
Teams in the group stage who are in danger of losing their season will, on the other hand, play more ferociously and aggressively because they know they need to win to survive. Especially if they are matched up against an opponent who has little to play for, these teams can be interesting to watch.
MORE: Who will win the World Cup with the most goals? How to place a Golden Boot wager
Watch for trends
The margins get thinner, and it gets harder to predict a match’s winner as the tournament wears on and the knockout stages advance. Here is where keen-eyed fans can start to spot opportunities.
Watch for the strategies teams use to score goals and the areas where they are weak when they give them up. While one top team may be slightly “better” than another, they could be facing a team that exploits their weakest link, so it helps to be able to read how teams match up, especially in the later stages. For instance, if a team excels at creating chances from set pieces, observe how their upcoming opponents defend when the ball is dead.
Check to see if a team’s opponents are strong at ball progression if they are passive in their defense and applying pressure in the middle of the field.
In addition, given that teams play every three hours, form can influence a World Cup match. What is true in one match will likely carry ov–r into the following one. While a long league season that lasts for months can show off overall talent, tournaments that are staged over a few weeks can see in-form teams surpass talented ones, especially in matches where the opposing squads are evenly matched.
Who is the favorite to win the World Cup?
The artificial intelligence model used by Stats Perform estimates the likelihood of each match’s outcome using team rankings and betting odds based on previous team performance, and Brazil is still the favorite.
What does the spread mean in sports betting?
When two teams are not evenly matched, the spread, also known as the line, is used to balance the odds. In order to get the same amount of action on both sides of a game, bookmakers set a spread. For instance, the Colts are favored by -3 points when playing the Texans. The spread is denoted by -3 points.
Who is the World Cup’s top player?
Here are some young players to keep an eye on at the FIFA World Cup 2022: Gavi, Vinicius Jr., Tchouameni, Jude Bellingham, Musiala, and Alphonso Davies.
What kind of wager is the most successful?
Football. Football is without a doubt the most popular sport and, in the opinion of many sports bettors, the best to wager on. The most money in sports betting is wagered on the NFL and college football each year.