Many sports betting fans have turned to online betting to make some money from their hobby. The convenience of placing bets from the comfort of your home coupled with the opportunity to make larger profits than usual have made online betting attractive to these gamblers. According to a recent report from the U.S. government, the amount of money wagered annually on sports in the U.S. reached $36 billion in 2018. And that’s just in the states! In other countries, like Australia, the annual betting income is around $60 billion.
Although the legality of online betting varies by country, the ability to make quick money has attracted a whole new audience to the world of sports betting. According to the report, in 2018 there were 430 million active social media users in the U.S., around 86% of whom engaged with sports content. This indicates that if a brand can develop a strategy around creating engaging content that appeals to this audience then they can harness an engaged audience to drive engagement with their brand and product.
Why Boxing?
Boxing is one of the most popular sports worldwide, and for good reason. It’s a sport that can be enjoyed by people of all ages, it’s easy to follow, and it presents many betting opportunities. Even for those who don’t enjoy betting, there’s still a lot to learn from a sport that’s as intellectually challenging as boxing. In this sense, it’s a great choice for those who want to get paid to learn.
Making Sense Of The Markets
The first step to becoming a successful boxer is understanding the markets. This means learning the odds, analyzing the matchups, and identifying the most favorable match-ups for gaining profits. For example, boxing fans who love aggressive betting strategies might want to focus on MMA or kickboxing matches since these sports provide more opportunities for successful bets. Professional boxers are responsible for analyzing the matchups, preparing a strategy, and executing the bets. However, most people end up enjoying the action of placing their own bets because it’s relatively easy to do, and since the margins of profit are so high, it’s a very tempting option.
The Different Kinds Of Bets
There are several different kinds of bets that sports gamblers might want to consider. The most common one is a straight wager. In a straight wager, the bettor simply selects a winner and stakes money on it. For example, if they think that Floyd Mayweather will win the fight between he and Conor McGregor, they might lay down a five-dollar wager to see it. If Conor McGregor wins the fight, the bettor would win five dollars. This is one of the most basic and most popular types of bets, but it’s important to note that not all bets are created equal. For instance, a money line bet is favored over a straight wager, since the house edge (i.e., the amount of money they make off of your wager) is lower.
Monetizing User Generated Content
One of the best parts about online betting is the ability to monetize user-generated content. This means that sports content creators, like journalists, bloggers, and vloggers, can get paid for content that’s often posted for free. The opportunity to earn money from your hobby has attracted many individuals to create and post content about boxing, and it’s allowed them to become full-time sports journalists. It also means that younger generations have gained an interest in boxing that didn’t previously exist, and allowed for the growth of new fanbases.
For example, while watching the 2019 Superbowl, YouTube user and Twitch streamer NachoCheeseTV decided to bet on the game. In doing so, they got the idea to create a weekly podcast where they would interview various boxers. Since then, their weekly boxing podcast, The Friday Night Pod, has become one of the most popular sports podcasts in the world. NachoCheeseTV also sponsors marquee names in boxing, and because of their connection to one of the greatest sportswriters of all time, Mike Silver, they get to enjoy premium podcast production values and have their pick of the lines. They also get to enjoy a level of engagement that would be difficult to achieve otherwise. With over 10 million downloads, it’s clear that NachoCheeseTV knows exactly what they’re doing, and why they’re doing it. The connection they have with their audience has driven them to create a brand they can be proud of, and one that helps them connect with a new audience and make money from a hobby they love.
Watch Out For Scams!
The sad truth about online betting is that there are many scammers out there who prey on the innocent and unwary. If you want to protect yourself from getting scammed, it’s important to do your research before you enter any kind of financial transaction. One of the best things you can do is to use a service like Trustful, which is a trusted third party that investigates and authenticates all transactions. They also keep a record of all the transactions you make, so you can always go back and review your activity. This provides some level of protection against many types of scams, since most financial fraudsters try to stay under the radar of credit card companies and banks. But if you use a service like this, you’re still exposed to all the risks that come with online betting. The key is just to be aware of the dangers and use the right precautions.
Final Thoughts
Online betting has enabled many people who love sports to make some extra cash from their hobby. It’s also provided a platform for those who were previously unaware of the existence of amateur and professional boxing to develop an interest in the sport, and for existing fans to connect with other fans across the globe. Although there are many risks associated with online betting, like any other form of financial transaction, it’s still a relatively easy way to make a few extra bucks. And considering the amount of money wagered annually on sports, it’s evident that there’s a lot of passion for sports activities around the world.