Sports betting, also known as sports betting, refers to a type of gambling behavior that involves guessing and betting on results of sports events. This is usually for events that have not yet been held, that is, “pre-match betting”; bookmakers will offer specific odds based on actual conditions, such as scores and wins. However, one of the more popular betting modes at present is “court betting” (live ball), which means that bets can be placed at any time during the game.
China has very strict legal restrictions on gambling, and Hong Kong and Macau are the only two places where gambling can be legally conducted. Statistics show that as a pillar industry in Macau, nearly 60,000 people are employed in the gaming industry, and about 98% of them work in casinos.
Legal basis
Macau’s gaming industry began to be legalized as early as 1847 under the administration of the Portuguese government. Horse racing has appeared before 1842, but a large-scale event began in 1927. Dog racing was first introduced in Macau in 1932, and it was completely banned in 2018. Regular sports betting is started in 1998, Macao Lottery Co., Ltd. was founded (Macau Slot, Aocai) of. This is Asia’s first lottery company specializing in international sports events. Its betting methods include physical betting centers, telephone and online betting.
History development
Football betting is commonly known as “soccer gambling.” Macau Lottery Co., Ltd. was approved to operate football betting on the eve of the 1998 World Cup and was the only legal sports betting company in Asia at that time. In 2000, the Australian Lottery Company launched a basketball betting. According to statistics from the Macau Gaming Inspection and Coordination Bureau , the gross revenue of football/basketball betting in 2019 was 534/211, and the total revenue of the gaming industry was 293,312 (unit: million patacas); it can be seen that sports betting only accounts for the Macau gaming industry About 0.25% of total revenue.
This is partly due to project restrictions. Until now, Aocai has only launched two sports, football and basketball. For sports fans who want to pursue high odds, more events, and a broader betting market, overseas betting sites with a hundred flowers are obviously more popular.
Popular items
What are the most popular sports betting items?
Football: Premier League, UEFA Champions League, Serie A, Bundesliga, Chinese League and other national leagues, World Cup
Basketball: American Professional Basketball League (NBA), National Women’s Basketball League and other professional leagues
IAAF: World Athletics Championships, IAAF Diamond League
International events: Asian Games, Olympic Games
E-sports events: World E-sports, League of Legends professional league, DOTA2 International Invitational.
Other popular events include baseball, tennis, snooker, boxing and horse racing. A relatively new project in recent years is “fantasy sports”. Its gameplay allows players to build their own fantasy team lineup and compete with other players.
