Placing a stake, often known as a bet, on the result of a sporting event is known as sports betting. The main goal of sports betting is to increase one’s bankroll. A bet will have two possible outcomes – win or lose, with the exception of spread betting, “draw no bet” wagers, and a few other situations. Based on the bookmaker’s odds, you either make a profit or lose your bet.
Sports bets can be placed on match or tournament outcomes as well as on things that happen during a match. When betting on a football match between Arsenal and Chelsea, for instance, you may choose to wager on Arsenal to win, Arsenal to win 2-1, Arsenal to win by one goal, Arsenal to be ahead at the half, or even a specific player to score.
Important terminologies:
- Bookmaker / Bookie / Sportsbook / Betting Agency – a business offering services
- Betting exchange – a service that offers a market place where odds are set.
- Bettor or a punter (both terms are used in the UK) (popular in the USA) – consumer who places bets
You are said to be backing that outcome when you place a bet on it. For instance, you are supporting Arsenal if you wager on them to defeat Chelsea. While you can wager both for and against outcomes on betting exchanges, you can only back an outcome with bookmakers. A lay bet is a wager made in opposition to the outcome. For instance, you might wager against Tiger Woods to win a golf match. If someone wins the tournament besides Tiger Woods, your lay bet wins; if Tiger Woods wins, it loses.
One distinction between sports betting and casino gambling is that with sports betting, the chances of winning are just assessed. Sports betting encourages perseverance and research because bookmakers are just guessing the true likelihood of each potential outcome, unlike casino games where the house edge is known with certainty. While bookies typically offer realistic odds, a savvy bettor might find significant value.
In a packed calendar year in 2023, some of the biggest sporting events in the world will be included. The 2023 FIFA Women’s World Cup will be jointly hosted for the first time, with Australia and New Zealand taking center stage.
Here are our top recommended sporting events to look forward to in 2023, and if you get the chance, go and watch it live.
- NBA All-Star Game (Vivint Arena – Salt Lake City – Feb. 19)
In preparation for the 2023 All-Star Game, the top basketball players in the world will converge on Salt Lake City for NBA All-Star Weekend.
Fans should prepare for a new format: LeBron James and Giannis Antetokounmpo, who will choose their teams for the first time ever, will do it right before the All-Star Game on Sunday. The format was proposed by Kevin Durant in 2022.
- World Baseball Classic (Japan, Taiwan, United States – March 8-21)
An international professional baseball competition is called the World Baseball Classic. The tournament will resume in the summer of 2023, following a two-year pandemic break. Japan and the United States are the hosts.
Tokyo will host the first Quarterfinal, while Miami will host the second, semifinals, and championship game.
- UEFA Champions League Final (Istanbul, Turkey – June 10)
One of the most anticipated and viewed football events in the world is the UEFA Champions League Final. On June 10, 2023, the Atatürk Olympic Stadium in Istanbul will host the UCL championship game, with the finalists to be determined.
- FIFA Women’s World Cup (Australia, New Zealand – July 20 – August 20)
The Women’s FIFA World Cup, which was first hosted in 1991 with 12 teams, will have 32 countries for the first time ever.
Starting on July 20 and continuing through August 20, teams from Argentina, Australia, Brazil, Canada, China People’s Republic, Colombia, Costa Rica, Denmark, England, France, Germany, Italy, Jamaica, Japan, Korea Republic, Morocco, Netherlands, New Zealand, Nigeria, Norway, Philippines, Republic of Ireland, South Africa, Spain, Sweden, Switzerland, USA, Vietnam, and Zambia will converge on the largest stage for women’s football to make history.
With Australia and New Zealand selected as joint hosts, the competition will have two host countries for the first time.
- FIBA Basketball World Cup (Japan, the Philippines, Indonesia – August 25 – September 10)
The 19th edition of the FIBA Basketball World Cup will consist of 32 men’s national teams in total after qualifying for the FIBA World Cup Qualifiers, a 15-month process that pitted 80 teams from four continents (Asia and Oceania, Africa, the Americas, and Europe) against one another over six windows. Late November saw the start of the first window, followed by four more in 2022. In the sixth and final window, which runs from February 20 to February 28, the last spots will be chosen.
If you’re interested in taking your sports betting to the next level, you may want to consider using a sports betting API provider such as Oriental Game, which provides Saba Sports, CMD368 Sports, sports betting APIs, and more upcoming games for you. We offer a variety of tools and resources that can help you make more informed iGaming business decisions. From real-time odds and betting lines to advanced analytics and data visualization, Oriental Game can provide you with the all-in-one sports betting solutions. So if you’re serious about sports betting, be sure to check out Oriental Game today!
Sources:
- https://www.vbetnews.com/news/top-10-major-sporting-events-of-2023
- https://www.topendsports.com/world/timeline/top-2023.htm
- https://mysportstourist.com/sports-events-calendar/biggest-sports-events-of-2023
- https://www.aussportsbetting.com/guide/intro/what-is-sports-betting/
- https://olympics.com/en/news/fiba-basketball-world-cup-2023-qualified-teams