Online betting remains popular worldwide. Some professional players use it as a way to get additional income. Platforms like Bizbet keep up with the trends. Currently, revenue from the online sports betting market in the Middle East exceeds 25 billion lira. Before using betting as a supplementary income, it’s important to carefully familiarize yourself with the market’s specifics.
The Growth of Online Betting in the Middle East
Online sports betting is a growing segment of the digital economy. The Middle East offers favorable conditions for the development of sports betting, with internet access exceeding 88.3% and a population of 85 million. Sports betting still dominates, but other forms of betting are also attracting fans.
Market Expansion and Revenue Trends
As stated by Grand View Research, the online gambling market in the Middle East will generate $1.09 billion by 2024. This figure is projected to reach $1.99 billion by 2030. The annual growth parameter is 10.6%, demonstrating the market’s strong momentum. This development reflects the enthusiasm of local players and the attention they place on the market.
| Year | Revenue (US$ Million) | Growth Trend |
| 2018 | 720 | Early mobile adoption |
| 2020 | 890 | Pandemic-driven surge |
| 2024 | 1,092 | Market maturity |
| 2030 (forecast) | 1,997 | Sustained CAGR 10.6% |
The online betting industry in the Middle East is strictly regulated. The IDDAA has a monopoly on legal sports betting services. This guarantees accountability among players. The local government has strengthened its stance against gambling, ensuring oversight of the industry.
The expansion of sports betting in the Middle East offers opportunities for additional income. Over 42% of the adult population participates in sports betting. This reflects the increasing digitalization of society and its focus on innovation.
Pathways to Side Income Through Betting
Earning extra income from sports betting in the Middle East is possible. Earning money requires discipline and knowledge. Almost 18% of active bettors online use sports betting as a way to supplement their income. The following methods are available:
- Profitable bets. Learn to find the best odds. Bookmakers often underestimate teams’ chances of winning, allowing you to exploit these odds to earn money.
- Live online betting. During a match, you can control each bet according to the specifics of the match’s development. These odds change dynamically.
- Specialization. It’s better to focus on one sport and understand all the rules. A high level of expertise helps you bet more effectively.
- Setting a bankroll. Limit bets to 2-5% of the total amount per ticket. This will help minimize costs and optimize potential risks.
- Diversification. You can spread your funds across several different events or sports that offer different odds. This reduces the likelihood of losing all your funds at once.
Each strategy has its own capabilities and limitations. It’s recommended to use several different approaches to optimize your bets and maximize profits. Without a structured approach, it’s impossible to achieve the desired results. Choosing the right disciplines and following the rules proves that you can earn up to 8-10% additional income from sports betting.
Smart Strategies for Sustainable Earnings
Bettors can use different tactics to effectively bet that work in the long term. Analytics is essential for a start. Using advanced metrics allows you to predict outcomes with high accuracy. Study ball possession rates, player performance ratings, expected goals, and other metrics.
It’s not recommended to place multiple accumulator bets. They carry a high level of risk and don’t always work. You can place two or three such bets to potentially boost your profits, but don’t expect a 100% return on such a move.
Spreading your bets is another popular approach. For example, you can bet on both a football and a basketball match simultaneously. This way, you can balance your portfolio and potentially profit from at least one event.
Limiting all bets is also important if you want to achieve the desired return. For example, it’s better to allocate a small percentage of your total budget to a single bet so you can select more events. Set limits and stick to them to avoid depleting your savings.
Case Study: How Fans Use Bizbet in the Middle East
Online Betting in the Middle East attracts local bettors due to its potential for additional income. Various groups of sports fans can take advantage of the following additional income options:
- Football. This sport dominates the market, accounting for over 65% of all other sports. Online Betting in real time can maximize profits. For example, professionals achieve monthly returns of 7-10%.
- Basketball. This discipline accounts for 15% of all sports bets in the Middle East. Profitability largely depends on the magnitude of the events and the player’s individual goals.
- Esports. This discipline is actively developing in the Middle East. Potentially, profits at major tournaments can reach 5-8% with a sound strategy.
Profits vary depending on the chosen discipline. However, to achieve the best potential results, it is necessary to thoroughly study the specifics of the discipline, tournament, team statistics, and analytics.
Results
Thus, sports in the Middle East offer an excellent opportunity to earn additional income through betting. Various methods and tools are available. Players should choose one or more areas, research them thoroughly, and then develop a plan that works for their individual needs.
