Highest Payouts

Sports betting is one of the most popular hobbies in the world that can provide entertainment and at the same time a chance for you to win some money. Predicting which team or an athlete will win is not the same for all sports. Some sports are easier to predict and others are not.

Additionally, different sports have different odds, which means that the payout can vary. Sportsbooks make the odds by analyzing the probability of an event. Basically, their highly complex algorithm and data tracker comes up with a chance for every possibility. 

Then, sportsbooks translate that probability into odds. This is why different sporting events have different odds. 

Choosing the sport where you’ll be able to make the most money while betting depends on many factors. For example, choosing a sport with the highest odds doesn’t necessarily mean that you’ll earn more money. You’ll also have to analyze which sport is the easiest to predict.

The goal is to choose a sport that has fair odds and it is also easier to predict the outcome. In today’s article, we will highlight some of the best sports to bet on that can increase your earnings.

Tennis

Tennis might not have the biggest payouts in the industry, but it is the easiest to predict. This means that while betting on tennis, you should expect smaller but more frequent wins than other spots. 

When analyzing which sport to bet on, you should take a look at the odds for the favorite, and the percentage of how many times the favorite ends up victorious.

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With tennis, the only drawback is that there are pretty low odds for the favorites ranging from 1.10 to 1.35. However, the frequency of the favorites to win is pretty high. In fact, in 89% of the matches the favorite player wins the match.

With that said, you can use a combination of pairs and higher stakes to make the most money out of your bets. 

Basketball

The second sport that is also easy to predict is basketball. When it comes to basketball, you should focus on professional basketball leagues like NBA, FIBA, and Euroleague.

Additionally, basketball offers pretty good odds for the favorite, according to bookmakers like 1Good.Bet. The odds range from 1.20 to as high as 2.20 for the favorite team. The percentage of the favorite team winning the match is also high. Based on data, in 68.1% of the matches, the favorite team ended up victorious.

Horse Racing

If you are hoping for a big win, there isn’t a sport better to bet on than horse racing. Even though horse racing isn’t as popular as football or basketball, it still gives the punter a great winning alternative.

Since there are many horse racing events on different levels, it is hard to determine the win rate of the favorite horse in a race. But if we put all the data from horse races, on average favorites win about 35-47% of the horse races.

This is not a big number compared to other sports, but the odds for the favorite horse are pretty high ranging from 2.00 to 2.90.

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What makes horse racing different is the type of bets you can place and the ability to earn the life-changing amount of money. Since everything is possible in a horse race, betting on the underdog or using Exotic bets can bump up your odds giving you a chance to win a lot of money.

Just to get a better idea about the winning possibilities of a horse racing bet, here are some of the biggest ones:

  • Conor Murphy – Won $1.5 million on a single bet
  • JP McManus  – Won $1.3 million on a single bet
  • Darren Yeats – Won $830.000 on a single bet

Hockey

Hockey is another great sport to bet on with plenty of action in leagues such as the NGL, SHL, Liiga, and Russian Superleague. The best thing about hockey is that the odds are extremely high for the favorites allowing you to earn more money on a single bet. With odds ranging from 1.80 to 3.32 for the favorites, hockey offers one of the best chances to increase your payouts.

However, before jumping into the betting circle of hockey, make sure to review the statistics before each match since it is harder to predict.

Soccer

Soccer is the biggest sport in the world in terms of the fan base, and it is also one of the most popular to bet on. The best thing about soccer is the high probability of a favorite winning the match which comes to around 80%.

With that said, the odds for soccer are smaller ranging from 1.2 to 1.6 for the favorite. Additionally, thanks to the popularity of soccer, betting on this sport is available in almost every bookmaker in the world.

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Conclusion

Choosing a sport with higher odds and higher probability doesn’t necessarily mean that you’ll earn more money. You still need to do your homework by researching the teams and finding out a pattern that might suggest a future result. 

After all, it all comes down to your strategies and the types of bets you choose to make.