How Much Money Do People Typically Use for Sports Betting?

People love sports betting. The National Football League (NFL) saw a 28% increase in revenue from season games in March 2020 alone. Meanwhile, the NBA saw a 19% increase in 2020 compared to 2019. Even though the majority of sportsbooks are closed (with many opening up again as businesses) to the general public, high bettors have still been able to place bets as the industry continues to operate as usual.

Where Do They Eat All That Food?

It’s well known that people with plenty of disposable income enjoy placing a bet on a sporting event. What isn’t as widely known is where all of these individuals eat all of their food. According to one report, the typical sports bettor spends around $60,000 per year on food and drink alone. That’s a lot of dough!

What’s more is that this figure doesn’t even take into account all of the eating and drinking that goes on outside of the casinos. For example, a large group of sports bettors will often head to a sports bar after a game to celebrate with friends and/or family. In some cases, these individuals will end up spending over $100 on drinks and food alone. Add in the bar bill and you’re looking at a massive amount of money spent on entertainment alone!

How Do They Afford All Those Luxuries?

People who enjoy sports betting often have expensive taste in food and drink. To afford all of those luxurious items, they need to be making a lot of money. It’s no secret that the salaries in professional sports are extremely high, especially at the top levels. So, if you’re looking for a way to make a lot of extra cash, consider picking up a copy of Michael Lewis’ bestselling book, “Moneyball.” In it, he profiles the Oakland A’s and their General Manager, Billy Beane. You’ll learn a lot about sports betting from it.

Where Do They Stay?

Another way people enjoy sports betting is by staying at a hotel. Hotels are where individuals go to relax, refresh, and sometimes even gamble. According to one survey, 66% of people who play at sportsbooks regularly stay at a casino hotel. So, if you’re running low on funds, consider checking into a hotel that has a sportsbook. You’ll often find a 50% discount if you’re a member of a loyalty program. Members also get to enjoy perks such as free parking and valet services.

How Do They Gamble?

Gamblers fall into two camps: those who prefer to play with cash and those who prefer to play with chips. Since it’s usually the latter, this means that you’ll find sportsbooks that also accept cash bets as well as those that prefer to be played with chips. The nice thing is that most sportsbooks allow you to mix and match so you can play however you please!

What’s more is that if you’re playing with cash, there are still plenty of places to do so. Most banks still offer high-limit cash-betting and there are a variety of cash machines located throughout the casino. If you prefer to play with cash and don’t want to use a credit card, consider using an ATM (automated teller machine) before you leave the hotel. Some casinos will give you an additional bonus if you use a certain bank card to withdraw funds at an ATMs located inside the casino. So, instead of paying fees of around $20 to $30 to use a credit card at an online sportsbook, you can use an ATM and avoid those fees.

On the subject of gambling, state governments have passed laws to make sports betting safer. If you live in a state where gambling is legal, you’ll likely find many booksies available online. Many of these betting shops also offer in-store pickups if you can’t make it to the site quickly enough.

Do They Watch Sports TV?

A lot of people enjoy placing a bet on a sporting event and watching the results come in. Especially in the United States, sports TV is popular and cable and satellite bills can add up. If you’re looking for a way to kill time, consider watching a game or two on TV with friends and family. It’s often a lot of fun and you may even learn something too!

Unfortunately, many sportsbooks don’t show games live, which means you have to be quick to place your bets. If possible, try to catch a game live if you can. Otherwise, you’ll simply have to wait to place your bets until after the game is over.

Where Do They Travel To?

You’d be surprised how many people enjoy traveling to other countries to place a bet. Especially when you consider all of the advantages that the travel industry has to offer. Not only do you get to enjoy a vacation with your family and friends but you also get to take a peek into another culture. When you travel to place a bet, you’re not just betting on the outcome of a sporting event, you’re also taking a vacation.

According to one survey, people traveling to places such as England, Italy, and Germany to place a bet are widely known as ‘traveling bettors.’ If you don’t want to travel too far, consider looking for a hotel that’s near the airport. You’ll often find cheap hotel deals if you look online, especially if you’re booking in advance.

How Many Hours Do They Play?

People who enjoy sports betting often play a lot. While it’s not necessarily true for all of them, it’s often the case for those who do. According to one survey, the average sports bettor plays around 150 hours per month. That’s a lot of time considering how much some people enjoy their leisure activities!

Unfortunately, not all of that time is spent playing. Many people will log onto sportsbooks during the day and maybe place a few bets while they’re there. However, most of that time is spent watching games, analyzing odds, and waiting for the action to start. It’s a never-ending cycle where you’re constantly checking the site, looking for games, and logging onto your account to place bets. You don’t get to enjoy your gambling experience if you’re constantly looking at your phone, checking the scores, and analyzing odds.

How Much Money Do They Win?

People who enjoy sports betting often win a lot of money. It’s well known that some individuals will play with a single dollar bill and some will play with chips. The nice thing is that these individuals usually don’t keep track of how much money they lose. They simply keep playing and playing until they have enough money to cover their losses. In one case, a man from Minnesota won $531,000 over the course of a year by playing at sportsbooks. It was later reported that he had lost $13,000 in a single day and had to borrow money to pay for food and rent. So, if you’re looking for a way to make a quick buck, consider picking up a copy of Lewis’ “Moneyball” if you haven’t already. It’ll teach you a lot about sports betting and the role that analytics and statistics play in the industry.

Of course, it’s not just about winning. It’s about having fun, connecting with other people, and feeling that rush when you hit it big.

Consider all of the information that you have about sports betting. From where do they eat to where do they stay, it’s often a lot easier to find information about your favorite teams and players than it is to find out about their odds of winning. Once you have that information, it’s easier to get a handle on how much money you’re likely to make and how much you can afford to lose. Keep all of that in mind while you have fun placing bets!