Data courtesy of Barclays analysts projects a betting boom for bookmakers throughout the World Cup in Qatar, with total wagers set to rise incrementally round by round.
This figure represents a 65% increase on the 2018 World Cup in Russia, with several factors contributing to a rise in customer wagers across betting sites.
Particularly in Europe, the decision to host football’s biggest tournament in the Winter for the first time means colder weather and fewer holidays, leading to fans having more disposable income.
Add to that fixtures being played at prime time, a greater number of viewers are able to watch the majority of matches, which, in turn, increases the volume of bets.
It is interesting to note the bank analysts said results at this year’s tournament have been “marginally favourable to the operator”, with 12 draws by the close of the round of 16 which ultimately benefits bookmakers as punters tend to bet on one team to prevail.
In addition, several monumental upsets including Saudi Arabia’s victory over Argentina and Morocco’s penalty shootout win against Spain will have contributed to a favourable tournament for operators.
RELATED: World Cup Free Bet For Day 20: Bet £10 Get £30 Argentina vs Netherlands Betting Offer
US Bettors Behind the Boom
According to Bloomberg Intelligence, the lifting of restrictions in the US on sports betting was predicted to have a huge bearing on the overall global wagering, with the World Cup becoming the first worldwide sporting event since the change in legislation.
$1.7 billion in US bets was the projected pre-tournament figure, and although the national team fell to defeat against the Netherlands in the knockout stages, their inclusion for the first time since 2014 will have boosted these figures.
Barclays also went on to present data which delved deeper into each round of the World Cup, which projected $400million in wagers on each group stage match of this World Cup, around $1bn per knockout game and an eye-watering $2.5bn when the final rolls around on December 18th.
World Cup Free Bets
Related World Cup Articles
- See all the best World Cup betting offers and promotions for 2022
- Nations Who Have Won the World Cup After Failing to Win in Their Opening Game
- What Is The Lowest xG A Team Has Had And Have They Beat It?
-
Has There Been More Injuries Leading Up To This Winter’s World Cup Compared To The Last World Cup
-
How Many Penalties Have There Been In Every World Cup? | Qatar 2022 Projected To Break Record
- Check out the 2022 FIFA World Cup odds and latest betting markets
- Five Biggest World Cup Upsets | Saudi Arabia’s Heroics Join List
- Worst World Cup Nations | See our list of winless World Cup sides
Add Sportslens to your Google News Feed!
