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Sports Gambling | Interesting Facts about UK Sports Betting

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by , 20 November 2020 at 12:34 am (1287 Views)
[B]Let’s Take a Closer Look at Sports Gambling in the United Kingdom
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The gambling industry in Great Britain has registered a large boom over the last decade or so. This huge growth has been possible thanks to a number of inter-dependent events that came into being in 2005. On April 7th of this year, the United Kingdom's parliament approved the Gambling Act, which is considered by the major turning point of the whole British gambling industry. Furthermore, the constant development of games and online betting systems meant that when the Gambling Act sprang into action in 2007, sports betting in the UK broke record after record.

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[B]Finding the Sports Best Betting Site [/B]

Before we jump right in with the interesting sports betting statistics, we would like to start with how you can find the best sports betting site for you. There are so many sports betting sites out there nowadays that it can be really tricky to find the best sportsbook for you. However, thankfully, there are comparisons sites out there that do all the hard work for you, and this is the [URL="https://www.mybettingsite.uk/"][U]best betting site[/U][/URL] around at the moment, in our opinion. If you click on the link, you will find that they have a team of experts who have a lot of experience in the sports betting industry and they spend their time writing reviews for all of the best bookies. So, take the time to read their reviews, and you will be sure to find the sportsbook of your dreams. They also provide a lot of useful betting information on the sports that sports betting fans love to bet on the most.

[B]The Sports British Punters Love to Bet on[/B]

Since England is the country where football was created back in 1863, it should not come as much of a surprise to you to find out that it is the sport that British sports betting fans bet on the most. This fact can be proven by looking at data taken from a report released by the United Kingdom Gambling Commission - they are responsible for all forms of gambling and are there to ensure that betting sites adhere to the strict gambling regulations and laws. Their 2017 report, which is the latest one that they have released, states that of the £2 billion that gambling yielded from sports betting in the UK from October 2016 up until September 2017, £786 million of it came from betting on football. This means that football accounted for close to 40% of the total sports betting yield for that time period.

As you probably already expected, horse racing is the second most popular sport for British people to bet on. They just love betting on huge racing events such as the Epsom Derby and the Grand National, which is a horse race that is watched by millions all over the world. Over the same time frame as mentioned above, British sports betting fans bet £569 million on horse racing, which equates to 28.4% of the whole sports betting yield for that time frame.

Below we have listed the gross gaming yields for sports betting in the United Kingdom:

[LIST][*]Football - £786 million [*]Horse Racing - £569 million [*]Other Sports - £340 million [*]Virtual Sports - £175 million [*]Tennis - £143 million [*]Greyhound Racing - £53 million [*]Cricket - £27 million [/LIST]

N.B. These figures are from the 2017 United Kingdom Gambling Commission that we mentioned above, so we can guarantee that the figures will be even higher nowadays due to the fact that more people are gambling on sports in Britain than ever before.

[B]United Kingdom Online Sports Betting Demographics[/B]

According to the quarterly telephone and online surveys that the United Kingdom Gambling Commission carry out, about 45% of people who they interviewed declared that 45% of people who were interviewed had placed a bet in the last month. When asked specifically about online gambling, 18% of the participants said that they gamble online regularly.

Betting on sports in the UK is an activity that is enjoyed by sports betting fans of all ages - no particular age group bets on sports more than another. Furthermore, we think that it is interesting to add here that 22% of sports betting fans have admitted to placing a bet while at work. There is a trend for sports betting fans under the age of 35 to bet on sports outside of their home. Another interesting stat about the gambling behaviours of British punters is that 33% of them admit to gambling at least once per week.

What about the devices used for betting on sports and other forms of gambling? Well, statistics have shown that laptops are still the most common means for bettors to place their bets. Half of the online gamblers that were interviewed declared that they use their laptop to place wagers on sports and partake in other forms of gambling. The use of mobile devices to place bets has increased significantly and will probably overtake laptops in the not too distance future. There is a reason why sports betting sites are developing apps and making sure that their desktop site is compatible with a wide variety of mobile devices.

[B]Facts about the United Kingdom Gambling Industry[/B]

We are now going to provide you with some facts that give a clear picture of just how well the gambling industry is doing in the United Kingdom. These facts have been provided by the United Kingdom Gambling Commission.

[LIST][*]From October 2018 until September 2019, the gambling industry in the United Kingdom raked in £14.3 billion. [*]As of September 2019, there are 98,174 people employed in the gambling sector in the United Kingdom. [*]There are now 9,745 registered gambling premises in Britain. [*]There are now 7315 betting shops in the United Kingdom - this is actually down 12%, but this is because everyone is moving to online gambling. [*]The average Brit spends £2.60 a week on gambling, equating to £135.20 a year. [/LIST]
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