Tag: Covid-19 pandemic

Sports Events That People Most Bet On (part 1)

In the United States, sports betting industry has become stronger than ever before, accepting more than a hundred billion dollars of wagers from its locals alone. Experts predict that this industry keeps growing in the next few years, despite what it has gone through in the last few months.

The global Covid-19 pandemic has strongly impacted many industries and the sports industry is not an exception with so many major and minor sports events canceled or postponed recently. Due to the lack of sports events, the betting industry suffered quite a bit.

The bright news is that many sports events has returned since June. For example, The English Premier League has already been back on and fans now can enjoy their favorite sports again. Many of them can place their bets on sports once again, such as the EPL.

However, in terms of betting, there are only a few sports events that people usually watch and spend money on wagering. Here are the most wagered sports events in the US.

March Madness

Commonly taking place from the second week of March until the first week of April, March Madness is a sports event for the National Collegiate Athletic Association (NCAA)’s men’s and women’s college basketball tournaments.

This sports event is considered as the most wagered sports event in the US with more people placing bets on it compared to the NFL matches and even the Super Bowl. The name March Madness describes the excitement that the event brings in the US each year.

The Super Bowl

Super Bowl, the most-watched one-day sports event worldwide, is the championship round or game of the National Football League (NFL) that usually takes place in early February and  has an average of 104.3 million viewers every year. The 2018 edition was broadcasted in more than 170 countries around the world.

It is interesting that the Super Bowl’s popularity is extended to non-football fans. Even for those who are not fans of the NFL, they are likely to have heard of it thanks to its celebrity guests, food, and commercials involved in. It is estimated that the Americans alone would bet more than 20 billion dollars for this event each year.

Sports betting stagnated, the casino in the US lured guests to bet on sharks (Part 1)

When sports activities were disrupted by the Covid-19 pandemic, many bookmakers came up with new tricks to attract customers, such as betting on the speed of sharks’ migration.

On June 17, MyBookie, an online US bookmaker, invited customers to bet on nine white sharks and predict where they will migrate this summer.

The company’s website displays odds ratios based on various aspects of the white shark migration journey. The data was taken from Ocearch, a non-profit organization that tracks the movement of white sharks – endangered species.

The interactive map on Ocearch’s website tracks the movements of the sharks almost in real time, as they are equipped with navigation devices. Players will rely on this data to bet, everything like a virtual horse race takes place in the ocean.

In the context of most sports tournaments in the US being postponed due to the Covid-19 pandemic, the betting market has also been hit hard in recent months. Betting on sharks can give gamblers a way out of boredom, and some conservationists question whether this will help improve the image of the white shark in people’s eyes.

Chris Fischer, the founder of Ocearch, said he didn’t know the MyBookie bookmaker used his organization’s data to make bets. It was not until he read an article in Forbes about this that Mr. Fischer broke down and asked the bookmaker to stop organizing betting on sharks.

Mr. Fischer emphasized that, although he believed that MyBookie had made a mistake this time, he did not dare to claim that betting and conservation – the two seemingly unrelated to each other – would not be parallel in the future.

This is not the first time, wildlife has become the subject of gambling. In 2015, the famous British bookmaker William Hill teamed up with the UK ornithology fund to hold a betting deal with 17 cuckoo birds during the spring migration. As part of the event, the dealer donated £ 1,000 to the fund and a William Hill spokesman said the purpose of the competition was to raise awareness about the cuckoo birds.

Another bookmaker also organized a polar fish based on the journey of a skin turtle from Costa Rica to the Galapagos Islands in 2007, according to David Strauss, head of the rafters division of MyBookie.