MK sports-The 2022 World Cup will see over $160 billion in bets. Which teams are the most favored?

MK sports-The 2022 World Cup will see over $160 billion in bets. Which teams are the most favored?The 2022 World Cup will see over $160 billion in bets. Which teams are the most favored?

The safest bet during the 2022 FIFA World Cup is that the soccer tournament will draw a lot of money from punters around the world. Bettors—both professional and amateur—are expected to place bets on the world’s biggest soccer tournament in excess of the €136 billion (nearly $160 billion, based on exchange rates at the time) that was spent on the 2018 tournament.

Andreas Krannich, managing director of integrity services at sports data provider Sportradar, said: “On average, we expect more than €1 billion in bets per match at the Qatar World Cup. The betting market is developing globally. We expect this figure to be higher than at the Russia World Cup.”

This year’s World Cup will be hosted by Qatar and will open on Friday, November 18. The World Cup is held every four years and is usually held in the summer, but due to Qatar’s hot climate, this year’s World Cup will be held in the fall. The entire schedule will have 64 games, and the final to determine the champion will be held on December 18.

In the United States, where sports betting is legal in 31 states — 19 of which allow mobile sports betting — punters can expect to bet on football like never before.

According to a study released by the American Gaming Association, an estimated 20.5 million adults in the United States will bet $1.8 billion on the 2022 World Cup. With the U.S. men’s national team once again participating in the World Cup, this year is expected to be the year with the most World Cup bets in U.S. history. “It’s safe to say that this will be the most betted soccer event in U.S. gambling history,” said Casey Clark, senior vice president of the AGA. “The world’s largest sporting event will attract more attention than ever before.”

The reason for the high level of attention is simple: 29 US states have launched legal sports betting markets since 2018. In May of that year, just two months before the football championship, the US Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA), which effectively made it legal for states to set up their own sports betting markets. At the time, only Nevada (which has had legal sports betting since 1949), New Jersey, and Delaware (which launched a legal sports betting market in June 2018) were operating football betting.

At the Superbook betting station in Westgate, Las Vegas, station manager John Murray also expects this World Cup to set records. “We can be sure that this World Cup will be the largest in the history of American gambling. There is no doubt that this will be the first World Cup after the repeal of PASPA.”

In the long-term betting market, Argentina attracted the most bets as Messi announced that this year would be his last World Cup. “We bet more on Argentina than any other team, including the United States and Mexico,” said John Murray. “It’s really shocking and extraordinary. We pushed the odds of long-term bets from 12:1 all the way to 9:2.”

John Murray says England is generally popular among punters, while France, who won the 2018 World Cup, should receive more bets than Argentina. Five-time World Cup champions Brazil remain the favorite to win, with odds of +325 (or 13:4).

“Some great players can’t even make the World Cup squad because Brazil’s squad is so full,” said John Murray.

The so-called Golden Boot favorites (the player who scores the most goals in the tournament) are also full of familiar names. England’s Harry Kane is 10:1 and France’s Kylian Mbappé is 10:1. Messi’s odds have also dropped from 18:1 to 10:1, which is because he attracts so many bets. As for the Golden Boot underdogs? American player Christian Pulisic is currently 100:1, while Brandon Erickson has the highest odds at 250:1. The “dumb money” or, to put it nicely, the public’s money is betting on Argentina to win it all. The United States has also received quite a few bets. John Murray said: “The public always likes to bet on the United States, and although I would like to see them win the tournament, it is almost impossible. Argentina is the most popular bet here.”

Germany, the 2014 European Championship winner, attracted the third most bettors. From a dollar perspective, the United States and South Korea are the biggest risks for Superbook. Neither team is likely to do well in the tournament, but Superbook will lose millions of dollars. Argentina is a big risk for sportsbooks in terms of what could happen.

John Murray said: “When I think about risk, I only care about teams that I think can actually win. In this case, for the World Cup, Argentina is a risk – they can obviously win the tournament. Uruguay also has the ability to make a big run. “

However, the smart ones don’t usually make long-term bets. Some professional gamblers bet that Canada will beat Belgium in the first match on November 23, but the smartest gambler on the Superbook (which usually bets on football) bet $5,000 on Spain winning the whole game at 9:1.

John Murray said: “Based on his bets, we cut the odds to 8:1. Our odds were probably the best in the city and Spain was always one of the best teams on the field.”

Sportsbook DraftKings is also gearing up for a big move. This will be the company’s first time betting on the World Cup. Johnny Avello, DraftKings’ head of tournaments and sportsbook, also named Brazil as the favorite with odds of +350 (or 7 to 2), attracting the most bets. But Argentina attracted the most money, accounting for 26% of the total volume at odds of +550 (11 to 2). The company’s biggest risk is the United States, with odds of 130 to 1. “It’s not surprising, people want to cheer for their country’s team. The United States is our biggest exposure.”

The countries with the highest odds as underdogs are Saudi Arabia and Costa Rica, both at 800:1.

Soccer has a smaller audience in the U.S. than American football. The National Football Association found that a record 46.6 million Americans said they planned to bet on NFL games this season, up 3% year-over-year and nearly double the number of Americans who bet on soccer games.

While the majority of people surveyed by the AGA (78%) said legal gambling was important, 4.1 million (20%) said they would still gamble through a bookmaker this year. With 19 states still not allowing sports betting, overseas sportsbooks and local bookmakers are also likely to set records at this World Cup.-MK sports-The 2022 World Cup will see over $160 billion in bets. Which teams are the most favored?