Yes that is something thrilling about betting/gambling on normal game. I remember how people used to gamble over FIFA match using cryptocurrency in Canada. This type of gambling is based on your speculation about the power house of each team. More better than gambling in a casino because here the risk of loosing is not wide spread unlike in casino.
Basically this kind of betting is normal everywhere, bet with your favorite sports whether you are the players or bet with your favorite teams which we know as sports betting.