The online sports betting market is currently valued at USD 231 billion, and has been growing at 10.23% yearly. This market is likely to keep this pace until 2027. Additionally, about 83% of the world’s population owns a smartphone. It means that more and more people are discovering the thrill of betting on their favourite events. Unsurprisingly, the number of sports betting myths about silver-bullet strategies and fake assumptions has grown almost as rapidly. In this article, we’ll debunk the most famous of them.
Sports, Bets, and Fans
Betting on sports is among the oldest pastimes in human history. Sports enthusiasts have risked their money on sporting events since the first Olympic games in Ancient Greece. With the advent of the internet, sports betting became even more popular and expanded its reach way beyond land-based venues and stadiums. With so many options on offer, comparing sports betting operators is vital.
Do some legwork before choosing an online sportsbook. Look for the most lucrative bonuses and the highest reputed websites, and compare odds with other platforms. Avoid unlicensed options, offering unreal bonuses, or simply don’t have all the markets you want. Additionally, compare payment methods, withdrawal conditions, and eventual fees.
Myth busting
Sports betting is fun, but you shouldn’t get into this world unadvised. Learn about the most common myths you’re likely to come across and how not to fall for them.
Higher bets increase your chances
Your chances of winning have nothing to do with the size of your bet. The amount of your bet does not affect the game’s odds. Experts suggest refraining from placing high bets on a single market. Instead, punters should diversify their bets and risk smaller amounts on each of them.
It’s Easy To Get Cheated
Technology has come a long way in ensuring safe online betting for everyone. The best sportsbooks use top-notch encryption all around the platform. Several mechanisms prevent fraudulent actions, like KYC and AML protocols. All legal sportsbooks are licensed and regulated by independent agencies, preventing operators’ unlawful behaviour.
Odds don’t change
The odds of a match are defined by teams of specialists in every sportsbook. These teams propose the odds they believe aren’t only more accurate but also more advantageous for the house. It means that the betting volume of a match on a single side can lead the house to tip the odds, to balance things out.
You must be an expert to be able to do it
Although it’s possible to take a professional approach to sports betting, you don’t need to be an expert to have fun with it. Knowledge is indeed power; the more you know, the more educated your bets will be. Still, there are some great options for beginners with low risks, such as money line, teasers, prop betting and others.
Sportsbooks fix match results
Forget that Peaky Blinders idea of sports betting, where blades and blood decide the outcome of a match. No sportsbook has the power to fix the outcome of a match, which is, of course, illegal. The best online sportsbooks are completely transparent about their operations, so there’s no money going under the table.
Bookmakers know it all
No one knows it all, but bookmakers do know a lot. Still, it doesn’t mean they’re showing you the whole picture. After all, it’s just business trying to make ends meet. So, sportsbooks will happily pay fewer punters than entire crows. Do your research before placing your bets, and see if you agree with the odds based on the information you’ve found. Besides, bookmakers also make mistakes.
All bookies have the same odds
Not every sportsbook is born equal. Each one has its team of specialists looking for the most favourable odds. Besides, there’s a lot of competition in this market, and odds calculation is an essential part of it. Compare the odds of different platforms, and try to understand why they differ before placing your money on them.
You Need Surreal Maths Skills
Maths skills can help you analyse graphics more efficiently, possible project gains, and understand the odds more deeply. Still, you don’t need to be a brainiac to follow the ins and outs of sports betting. Save the calculation for the calculator on your phone, and concentrate on understanding different kinds of bets and how they work.
The game is always on!
Now that you know what myths to avoid, you’re ready to take your first steps. Thanks to mobile technology and fast internet, live betting reaches more punters daily. Above all, please eliminate the myth that winning on sports bets is impossible. Gamble responsibly and have fun!
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