While most Americans prefer to bet on NFL games, college football, and basketball, there are more people who like hockey. Unlike other sports, NHL playoffs and the NBA Finals draw more bets each year. This popularity is due in part to the fact that hockey is a popular sport in Canada. Moreover, the NHL has a loyal fan base, which is why its playoffs are often filled with a lot of action.
While the majority of Americans enjoy watching sporting events, placing bets on sports can be a lucrative business. While only a few people are able to make long-term profits from sports betting, millions of people bet on different events every year. According to the Daily Mail, the global market for sports betting is estimated to be worth $3 trillion dollars a year. However, there are still several things to keep in mind while placing your bets.
Whether you bet on the favorite or the underdog depends on the event. The former has a higher chance of winning the game, whereas the latter has a lower chance. Generally, the underdog’s odds are smaller, so the risk is higher, but the return is greater. The underdog is known as the pick. In sports betting, the favorite is always the favorite. The underdog, on the other hand, has a lower chance of winning. The winner of a particular match is called the underdog.