Why Bet on Sports The Risks & Advantages of Sports Betting

Date: February 8, 2001 | Category: blog

Why Bet on Sports The Risks & Advantages of Sports Betting

When did sports betting start off? Who started it? How made it happen start? We wish we could answer these questions, however that no-one knows without a doubt. There is evidence to prove that betting shops existed in ancient Rome, and many historians have stated that betting on events such as chariot races was common during ancient Greek times. Some people believe sports betting took place even before after that.

We have great reason to believe that people have been gambling on the outcome of athletics events ever since organized athletics events started taking place. But , regardless of when it started, it’ s a fact that wagering is big business today. It’ s a pastime enjoyed by literally huge numbers of people all over the world. Some of these people gamble very infrequently, while others guarantee on a regular basis. Some of them bet purely for fun, while others take points very seriously and put genuine effort into trying to generate profits.

There are several explanations why sports betting is so popular, although that doesn’ t mean there aren’ t virtually any risks involved. The risks connected with gambling have led to the negative connotations that have also been associated with gambling. As far back as ancient greek language times, there were philosophers exactly who warned of the dangers of gaming. And throughout history, there are people who claim that it’ ersus immoral or depraved.

As result of the opposition to sports betting, many nations around the world have suspended it at one time or another over the years. These bans have been notoriously unsuccessful. They usually just generated “ underground” betting that was unregulated and illegitimate, which created far more critical problems.

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Fortunately, most nations realized this kind of and chose to legalize and regulate sports betting as a result. A few illegal betting still proceeds today of course , but many people have plenty of options pertaining to placing wagers with registered bookmakers who operate legally.

Today, wagering is generally considered a socially acceptable activity. It’ ersus certainly not something that anyone should be ashamed of, or feel the need to hide. Naturally, there are always going to come to be people who oppose it. Regardless of what those people think, though, gambling on sports is a perfectly legitimate way for people to spend their money.

With that said ,, it’ s fair to say that it’ s rather than an activity that’ s good for everyone. The risks involved cannot be ignored, which is why we’ ve written this article explaining them in detail. We don’ to want to discourage you from betting on activities if that’ s what you want to do, but we do believe that everyone should be aware of what they’ re getting into BEFORE they will start. So if you’ re thinking about trying gambling, this is an important article you just read. Even if you’ ve recently been betting for a while, there’ s no harm in reminding yourself of the potential downsides of your hobby.

On a more positive note, we all also look at the potential rewards of sports betting. We present some advice for deciding whether or not this is a suitable activity for you to engage in.

The Risks of Sports Betting
The main risk of sports betting is obvious. Betting on sports involves putting actual money on the line, and there’ s i9000 ALWAYS a risk of shedding that money. Even when backing big favorites, winning is never guaranteed. Sports are inevitably just too unpredictable. Unlikely outcomes are not just possible, they actually happen quite on a regular basis.

A relatively recent example of this came in the 2015 Rugby World Glass when South Africa played Nippon. South Africa had twice recently been crowned world champions, while Japan hadn’ t received a world cup match seeing that 1991. To call this a mismatch was a great understatement. South Africa wasn’ t just expected to win, these people were all but guaranteed to win without difficulty. The odds of them winning had been just 1 . 05, so this means you’ d have to position $20 for the chance of winning a single dollar. Not only a great return obviously, although surely backing South Africa was a safe bet?

You can probably guess exactly where we’ re going with this. In what was perhaps the most unbelievable upset in the great rugby, Japan beat South Africa by 34 points to thirty two.

The Japanese game team beat South Africa within a major upset.
This is an extreme example of an unexpected outcome, but it serves to highlight our point. There is no such thing as a “ safe bet. ” Some wagers are safer than others of course , but no guess is ever guaranteed to succeed. Every single wager carries some extent of risk.

This shouldn’ t come as a surprise really. Sports betting is a form of gambling after all, and all varieties of gambling involve risk. But surprising or not, it’ s important to be aware that wagering on sports comes with the risk of losing.

Actually most sports bettors DO get rid of.
This is the severe reality of sports betting. The bookmakers have a distinct advantages over their customers because they’ re the ones who get to established the odds and lines. They’ re also very good at doing this in a way that makes it very difficult for anyone for making any money in the long run. While it may be possible to win one or two wagers every now and then, actually making an overall profit is extremely difficult.

We are simply telling you this because we want you to have realistic expectations. Losing money is not just a risk, it’ s the most very likely outcome. Even if you’ lso are extremely knowledgeable about sports, there’ s no guarantee that you’ ll be able to win money. It IS possible, but successful playing requires a great deal of effort and hard work. Please don’ to think sports betting represents a good way to make a quick buck because you’ ll almost certainly conclude disappointed.

Gambling carries two other dangers that you need to be aware of too. They are as follows.

It may cause a range of negative feelings
It’ ersus possible to get hooked
Even if you agree to the risk of losing, and are completely prepared for it, losing money can easily still be an unpleasant experience. You may be able to handle it just excellent, but you might not. It’ t not at all uncommon for people to get angry, frustrated or perhaps upset when losing money. This is particularly likely when they lose money due to unexpected results. Unfortunately, as we’ ve already complained, unexpected results happen at all times.

Now, feeling bad about losing money is merely human nature to some extent. But as normal as it is, it’ s nonetheless a risk that you need to consider when deciding whether to bet on sports. You may not want to get involved with something that provides the potential to cause negative feelings? Will you be able to set the ones emotions to one side, or perhaps will they affect other aspects of your life?

The possibility of addiction is a very genuine risk of sports betting. Or any kind of gambling for that matter. People generally assume that they are immune to addiction and that it will under no circumstances happen to them, but this sort of thinking can be very dangerous. Though only a small minority of gamblers do get addicted, NO-ONE is completely immune. Gambling addiction can happen to even the most unlikely people, so please be careful.

There are steps you can take to avoid playing becoming a problem, and the chances are that you’ ll be able to enjoy betting on sports with no addiction ever being an concern. It’ s still essential that you’ re aware about the risk though. It doesn’ t matter how sensible you are, how rational you are or just how disciplined you are. Obsession CAN happen to you.

Now that we’ ve looked at the risks of sports betting, let’ s move on to the potential advantages.

Potential Incentives of Sports Betting
The most obvious potential reward of sports betting is the financial one. The chance of winning cash will always be attractive. However , funds is not the ONLY praise that sports betting has to offer. It is usually entertaining and a lot of fun, and it can provide you with a deep sense of satisfaction too.

Let’ s take a look at every one of the potential rewards in detail.

Money
Just as all forms of playing carry some risk, all forms of gambling offer the probability of winning money. What makes wagering different? It’ s conceivable to win money devoid of relying solely on fortune. Your fate is in your own hands, and with the correct approach, it’ s conceivable to win money on a more regular and consistent basis.

We mentioned earlier how the bookmakers have an inherent advantage. They build a earnings margin into the odds that they can offer us, in a similar way to how the casinos build in their house edge. The casino’ h house edge cannot be get over, but the bookmaker’ s edge can. This doesn’ to mean it’ s likely to be easy though.

Unlike casino games, the outcome of sports occurrences is not random. Once we bet on the spin of an roulette wheel, we’ lso are basically just guessing as to what amount will come up and optimism the best. When we’ lso are betting on sports situations, however , we can use each of our sports knowledge to try to produce accurate predictions. Although we’ ve already explained how unpredictable sports can be, we all don’ t need to make accurate predictions ALL the time. As long we’ re accurate generally enough, we can make an general profit from our betting.

Now, there’ t more to successful gambling than just being knowledgeable about activities and making accurate estimations. You need to understand the concept of value, for example , and learn about all the approach involved. There are various skills you should try to master too. But the fact of the matter is that you CAN beat the bookmakers in the long term if you’ re ready to put in the necessary time and effort. The financial rewards certainly are worth the cost.

Billy Walters is an extremely successful sports bettor who has made a lot of money.
Entertainment/Fun
Very few people do essentially win money from gambling. This is partly because it’ s so hard to be money-making, but also because just about all bettors don’ t even try. Or they by least aren’ t seeking hard enough. The majority of bettors happen to be what we call recreational bettors, plus the chance of winning money is definitely not what motivates them. They fully accept that they’ re going to generate losses in the long run, and this doesn’ testosterone levels bother them at all. They’ re happy just as long as they’ re having fun. They view sports betting as a form of entertainment like any other, and their losses are simply the cost of that entertainment.

This is a GREAT way to view sports betting, especially for newcomers.
There’ s nothing wrong with aiming to be a successful bettor. It’ s important to be realistic also though. There are no promises that you’ ll EVER make an overall profit, and it’ s extremely not likely that you’ ll earn money when you first start gambling.

With this in mind, we think it’ s a good idea to focus on the fun as a beginner. You may still have the longer term goal of making a profit, and you can nonetheless try to form good gambling habits right from the start. But there’ s a great deal to be said for just aiming to enjoy yourself. Sports betting IS a lot of fun, and it can make viewing your favorite sports a lot more thrilling. That’ s rewarding by itself.

It should be noted that sports betting can actually be a relatively cheap form of entertainment. Though losing money is the most likely final result, you don’ t have to lose A LOT of money. You can keep stakes as low as you wish, and there’ s just about every chance that you’ ll win at least a couple of your wagers. So even if you lose overall, you can have plenty of fun without having to spend a fortune.

Satisfaction
Some people choose to wager on sports because they’ re up for the challenge of making accurate predictions. They appreciate putting their sports knowledge to the test and seeing in the event that they’ re as good as they presume. Just like those who bet to get the fun of it, they’ lso are not really motivated by the cash. They obviously appreciate the money they win from their successful wagers, but they appreciate the impression of satisfaction even more.

We can relate to this kind of. Although we do gamble “ professionally, ” and profits are our ultimate goal, we love the SENSE we get when we win the wagers. We won’ t deny that making money is important to us, but all of us also appreciate the simple happiness of being proved right. There’ s nothing more satisfying than predicting an upset.

Those are the three main rewards of gambling coverage, but there is another valid reason for betting about sports that we’ d like to bring to your attention.

It’ s VERY easy to get started.
Sports betting is arguably the easiest sort of gambling to get started with. You don’ t need to be extremely knowledgeable about sports, and most of what you do need to know is very simple. Providing you learn a few straightforward basics about betting, you could start placing wagers right away.

Now you just need to determine whether you want to or not.

Is Sports Betting Right for You?
Before you begin betting on sports, you should attempt to determine whether it’ ersus right for you. The potential rewards are extremely appealing, but there are risks that need to be taken into consideration too. Asking yourself these questions should help.

Do you have a great addictive personality?
Can you afford to lose some funds?
Are you confident with taking risks?
Do you like sports?
If you answered yes to the first concern, then the rest are less relevant. If you have an addictive personality, then you shouldn’ t be thinking about gambling at all in our opinion. The same applies if you responded no the second question. In the event you can’ t afford to get rid of money, then you absolutely shouldn’ t be putting that at risk. This is just sound judgment.

Assuming that you don’ t have an addictive personality and that you do have some money you can afford to shed, the next two questions are definitely the key ones. If you’ re comfortable with taking hazards, and you like sports, then there’ s an excellent chance that’ ll you enjoy sports betting. We all can’ t GUARANTEE that you are likely to, but it would be worth striving.

Just make sure that you just approach sports betting with your eyes wide open. Remember that losing money is considered the most likely outcome, so you need to be prepared for it. If you’ re seriously interested in trying to make money in the long run, bear in mind that this will require a lot of time and effort. Do NOT be prepared to start winning right away, mainly because that simply won’ capital t happen.

If you want some more advice on how to tackle sports betting as a beginner, you should read the following article. It can help you decide whether to focus on the enjoyment or strive to make a profit.

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