14 Exciting Sports Betting Odds Statistics to Know in 2024

The 2023 National Football League’s 104th season gained 80% more sports bettors than the 2021 season. 

Kicking off the season with a match between Kansas City Chiefs and Detroit Lions, odds are in favor of the Chiefs winning by 7 points. 

However, punters are encouraged to bet against the spread, hoping the Lions can win the game or at least lose only by a 7-point margin. 

Such attractive betting odds and statistics brought the US sports betting industry to $200 billion.  

More interesting statistics surrounding the best sport to bet on and the onsite and online sports betting statistic odds and trends are listed below. 

Highlights of the Article

• Odds favored the Nuggets over the Heat with an 8-point win after a game total of 209.5 pts over/under. 
• Padres are set to win against the Giants with a money line odd of -120. 
• Uconn Huskies’ had favor over San Diego Aztecs by a -7.5 point spread. 
• Nevada has the most onsite bets at $231 million. 
• Top online betting state title belongs to New Jersey, with $630 million worth of bets. 
• 46.1% of worldwide online sports betting revenue belongs to FanDuel. 
• A 40% growth for 2021-2031 is predicted for online sports betting. 
• 58.8% of all sports bets placed are point spread odds. 

What Sport Has the Best Odds of Winning?

Soccer is the most followed sport globally and has a low number of scores, which makes it predictable – an ideal starting point for beginner punters. 

Soccer betting is among the most betted sports, with a 5%-10% average ROI rate. Punters can bet on scored goals, the number of penalty cards, and half-time/full-time scores.

Dig deeper into the details of onsite and online sports betting odds and trends through the statistics below. 

Statistics on Sports Betting Odds

Classic sports betting brought people together in venues to discuss and bond over the odds of their favorite teams winning (or losing). 

Starting in Nevada, onsite sports betting is now available in most US states, with Kentucky, Maine, and Nebraska waiting in line.

Check out the statistics below for more ideas on the current betting odds, statistics, and market size details for onsite sports betting. 

1. In the 2023 NBA Finals, the Denver Nuggets were predicted to win against the Miami Heat by 8 points with a game total of over/under 209.5 points. 

(Odds Trader, Sports Betting Stats)

The recent NBA Finals faceoff between the Miami Heat and Denver Nuggets had favored odds for the Nuggets.

The Nuggets were predicted to win by 8 points or more. In contrast, bettors going against the spread could bet on the Heat bagging the game or losing by a margin of only 8 points.

2. MLB Padres and Giants game have the odds on Padres with a Moneyline Odd of -120. 

(Sports Betting Stats)

The 2023 MLB season game between the San Diego Padres and San Francisco Giants was predicted to be in the Padres’ favor. 

Moneyline bets for the Padres could get punters a $100 win for every $120 wagered. The Giants offer more, with a $100 win for every $100 wagered. 

The game is predicted to have 8.5 over/underruns.

3. NCAAB season concluded in Uconn Huskies’ betting favor with a -7.5 point spread against San Diego Aztecs. 

(Sports Betting Stats)

The last NCAAB season finished with a fight between the University of Connecticut’s Huskies and San Diego State University’s Aztecs.

The matchup favored UConn with a -7.5 spread point and 132 over/under for the game. 

However, punters backing the Aztecs had the chance to bring home the prized money if the team bagged the game or lost within a 7-point margin. 

4. Football got 77% of all American sports bets in 2017. 

(Earth Web)

Football is the sport that got the most bets in 2017. An analysis of the sports betting population found that 77% of all punters have bet on football at least once

About 30% of the American population follows the sport – quickly making it one of the most famous sports in the country. 

5. Nevada claims the top rank on most onsite bets at $231 million. 

(USA Today)

As the previous stronghold of US sports betting, Nevada remains a crucial player as the state with the most onsite sports bets. 

About $231 million of onsite bets were made in Nevada in 2022 – the largest share in the US sports betting industry. 

Nevada’s previous monopoly on sports betting might be an advantage to the country’s ranking – especially considering the short period other states have had to catch up. 

6. Sports betting makes up 40% of the global gambling market. 

(Earth Web)

Recent statistics found that sports betting accounts for 40% of the global gambling market – making it one of the highest contributors to the industry. 

The remaining 60% are distributed among poker, lotteries, casinos, and other forms of gambling. 

7. The worldwide sports betting market is predicted to grow at 11.50% CAGR within 2020-2025. 

(Blog Gitnux)

Whether in the form of stock investment, placing through sportsbooks, or playing out a simple bet amongst friends, the sports betting industry is thriving in today’s society.  

With growing public interest after the Covid restrictions have been lifted, sports betting will be a lucrative business point in the following years. 

Statistics on the Chances of Winning Online Sports Betting

Pandemic-stricken society had to modify their hobbies like sports betting. Like most industries, sports betting developed online sportsbooks to keep business as usual. 

Detailed below are the winning odds, statistics, and market details surrounding online sports betting. 

8. The online sports betting market will grow at 14.6% CAGR in 2020-2030. 

(Blog Gitnux)

Online sports betting rode on the boundless world of virtual platforms, which prompted growth for the industry in the next seven years. 

The online sports betting industry carries about 61.6% of the global gambling scene – proving that it’s an appropriate and effective sports betting tool and platform to bring in more punters.

9. New Jersey ranks the top among states with the most bets online at $683 million. 

(USA Today)

Online sports are the main contributor to sports betting revenue. New Jersey is the strongest contributor among the 26 states who legalized online sports betting, with $683 million. 

New Jersey rose to the top after challenging and surpassing Nevada’s previous monopoly of the sports betting industry. 

10. FanDuel is the 1st sportsbook with 46.1% shares from the global online sports betting revenue. 

(USA Today, The Sports Geek)

There are countless online sportsbooks, but FanDuel is a crowd favorite that holds 46.01% of the total online sports betting gross revenue globally. 

The Sports Geek ranked FanDuel as the second-best online sportsbook application with strong points in mobile compatibility, customer support, and user interface. 

11. Online sports betting is predicted to grow by 40% in 2021-2031– pulling in investors. 

(USA Today)

The American investment bank, Goldman Sachs, confirmed that people aren’t just participating in sports betting but investing money in it, too. 

More investors are engaging with the Roundhill Sports Betting and iGame ETF. The two exchange-traded funds (EFT) competing in the market hold the following shares: 

• BETZ ETF comprises 90.1% of the market. 
• S&P ETF comprises 41.6% of the market. 

Roundhill Investments believes repealing the ban on sports betting in US states opened up people’s minds to sports betting. 

Sports Betting Odds Trends

The sportsbetting scene grew in the US after the Supreme Court legalized it in 2018.

Betting records of game odds grew and evolved as well. Expert punters rely on these records to see if certain trends can help them make betting decisions on the go. 

Below are a few sports betting trends in the gambling industry.  

12. Parimatch-in.com is the number one sports betting site as of 2023. 

(Similar Web)

There are countless sports betting sites across the globe, but Parimatch-in.com and Bet365.com go up against each other for the top rank. 

Parimatch-in.com won the fight as of June 2023, with the highest traffic volume across the 50 websites ranked. Users spend an average of 2 minutes and 42 seconds on the website. 

However, ranking for the best sports betting site changes as users flock toward the website with the next best features. 

13. The most common draw betting odds in football are 3.24 or 56/25. 

(The Football Lovers)

Analysis of a few thousand football matches confirmed most sports bettors in football bet for a draw result. 

Statistics showed that the average draw betting odds for 0:0 games were at 8.11 (711/100), while 1:1 games had an average odds of 7.24 (25/4). 

Since football is among the lowest-scoring sports, draws like these aren’t far off–making it one of the most betted results for the sport. 

14. Point spread odds accounts for 58.8% of all bets across different sports. 

(Odd Assist)

Considering most sports use a point-scoring system, it’s no surprise that point-spread odds take the win. 

Sports bettors across different leagues also used total point bets a lot (51.7%). The rest of the other betting odds are used as follows. 

• Parlay odds betting is used by 42.0% of sports bettors. 
• Moneyline odds betting is used by 40.2% of sports bettors. 
• Prop bets are used by 28.2% of sports bettors. 
• Round-robin betting is used by 19.4% of bettors. 
• Teaser betting is used by only 19.1% of them. 

There are many options for sports bettors who want to make money in the industry. However, point spread odd betting will always take the first place for most. 

Wrap-Up

Sports betting will always be one of the best ways to get the whole sports experience. Being well-versed in various sports betting odds and trends is vital with money on the line. 

With proper guidance, regulation, and risk management, sports betting carries a high potential of being integrated into mainstream society and past the bounds of the sports community.