What Does the and Mean in Sports Betting?
Mean in Sports Betting
Whether you are a diehard fan or a casual sports enthusiast, a quick look at the chalkboard will yield the namesake, a bet that can be folded into a plethora of winning propositions. For instance, you can choose to bet on the winner, or just a handful of teams, or you can pick the horses at the pond in the sky, a la horse betting. Regardless of the wagering option you choose, the perks of playing the game will undoubtedly be enjoyed by all. After all, what could be more fun than putting a few bets on the horses? Obviously, the biggest challenge is the task of deciding which horse to bet on. After all, who wants to bet on a horse that isn’t going to win the game? This may be a problem if you have a few favorite horses. If that is the case, scouting out the horses will likely take a lot of scouting and strategizing.
iBet Sports Betting & Gaming ETF (IBET) is a new fund aimed at tracking the performance of the sports betting and iGaming industry. The fund is a new product from Roundhill Investments, an investment advisor. The ETF’s underlying index is the Roundhill Sports Betting & iGaming Index. This index is designed to track the performance of globally listed equity securities of companies involved in the sports betting and iGaming industries. The index’s core constituents are sportsbook operators, purveyors of iGaming, and companies that operate online gambling platforms. Its non-core constituents are gaming technology companies.
Roundhill Investments grouped 40 sports betting and online gaming stocks into the index, creating a diversified portfolio that covers the broad range of the industry. The index committee rebalances the index quarterly. Among the companies included in the index are Penn National Gaming, Score Media, Flutter Entertainment, and Betmakers Technology Group. The largest casino in the fund is Penn National Gaming, which accounts for 4.64 percent of the fund’s weight.
What Does the and Mean in Sports Betting?
The index committee classified the eligible firms as “core,” “non-core,” and “pure-play.” Core companies have a primary business model in the sports betting or iGaming industry. Non-core companies have a small sports betting unit. The index committee defines iGaming as online wagers. The fund’s purveyors of iGaming include Betmakers Technology Group, Esports Technologies, and Sportsbook.
Roundhill Investments’ BETZ ETF was launched in June 2020. The fund currently has 42 holdings. It features a blend of large cap and small cap stocks. The top 10 stocks account for 45 percent of the fund’s weight. The remaining 40 percent comprises of mid-cap stocks. The fund is available on Fidelity, TD Ameritrade, Charles Schwab, and Webull. The fund has generated $146 million in inflows this year.
The sports betting and iGaming industries are predicted to grow rapidly. Online gambling is projected to reach $100 billion globally by 2023. In the US, iGaming revenues are forecast to reach $8-15 billion by 2025. Currently, the sports betting market in the US is expected to reach $2.1 billion in 2021. This is expected to grow to $10 billion by 2028. By 2025, 96% of Americans will be able to access sports betting. The sports betting market could generate additional tax revenue, which could benefit sports betting companies.