With its ever-growing popularity, people surely have a lot to say about this. Whatever those are, some people are hesitant about placing their bets because of myths passed around. In this article, we’ll debunk some of the most popular sports betting myths.
• You’re playing against the bookie
This is a common misconception as some games you can play at the casinos let you go against the dealers themselves. Betting on sports doesn’t work that way. Bookies do not bet against you. Think of them as a third-party service provider.
They simply take your bets and make money from pricing bets in a way that doesn’t really represent the real outcomes of the game. You can check on how different bookies have their ways to let people place their bets. They basically can control how much money they can get from both winning and losing bets.
• No one really wins a big amount of money
People have a lot to say about gambling in general. For some who are not comfortable with it, it’s common for them to say that it’s impossible to win a sizable amount with this. This should definitely get debunked as this is not true.
In fact, Bill Walters has become a household name for sports punters out there. He is known as the man who may have won the biggest sum of money from sports betting. The amount he won in 2010 for the game between New Orleans Saints and Indianapolis Colts at the Super Bowl was never disclosed. What we know is that his net worth is now more than $200 million.
• A great win can only be achieved with a big bankroll
Well, Bill Walters did win a ridiculous amount of money from that Super Bowl game in 2010 because he placed a whopping bet of $3.5 million. However, it’s still not true that you can only win a big amount by placing such big bets.
In 2011, plumbing engineer Steve Whitely from the UK placed a £2 bet on horse racing. All he has to do was to select six winners to qualify for the jackpot. The races took place and after those, Whitely was £1.45 million richer.
• Sportsbooks manipulate the results
Game manipulation is a common myth for almost all gambling games. Whether it’s a game of Blackjack or sports betting itself, people seem to always think about preprogrammed results first. Some believe that bookies work with team insiders to dictate the result of the game and make them have the advantage.
There are even people who believe that some sports betting sites have some sort of software that can precisely calculate the odds of a team winning.
However, such a thing only happens in the movies. Bookies never have to do this or manipulate the results. This is because whether the underdogs or the favorites win, sportsbooks will always make great profits.
• Always go for the popular bets and listen to the best tipsters
Placing your bet on an athlete or a team should not really be based on popularity. Sure, it’s a good strategy to check on the favorites and read some predictions from tipsters or even sports experts. Those are not great strategies on its own.
You should do your research and follow the game. This will make you have a better standpoint on who’s more likely to win. Keep yourself updated. Bill Walters did not get that big win by betting on the favorites.
Now, some people do make some serious amount of money from sports betting. However, a lot of sports punters still see this as a great way to relax and practice their skills to strategize. That’s the truth about this type of gambling.
Betting on sports requires planning and good strategizing. You should know when to place your bets. In fact, it’s not even advisable to place a bet on all games of the season. If you do your research and know the game you’re watching well, you’ll know why.nd betting is the action required to gamble.ogic on every bet that you wish to have. The better angle to have is the fixed bet. With this, you will know how much money you put in line each time you play.
