Top 10 Common Misconceptions And Sports Betting Myths
Top Untrue Sports Betting Myths
Here at Jackpotfinder.com we chose to compile a list of the top 10 biggest sports betting myths. This is simply because there are so many of them. While some views on sports betting are reasonable, others are absurd, misinformed, or just plain incorrect. Let’s try to clarify the situation to help you have a better chance to win the jackpot online the next time you take a punt at the game.
The Sportsbook Is Always Correct
Bookmakers don’t always “get it right” with their choices. They don’t always predict how an event will turn out. In truth, bookmakers are experts at providing odds at less-than-fair rates. They collect a “charge” in this manner for the services they render. But despite the fact that bookmakers may provide consumers with value, price inaccuracies can persist. The only difficulty on your part is finding them. We strongly suggest you use a reputable betting website like Bet365 Sportbook as a basic means of learning the ropes before placing more risky bets.
Don’t Worry About The Odds, Just Choose More Winners
One of the main reasons bookmakers are still successful is because of this way of thinking. It’s one of the most common classic sports betting myths to believe you can simply “pick more winners” while ignoring the significance of the chances or odds. These odds are the most important factor. Consider this: you could bet on Real Madrid to win each league game. Of course, if you support Madrid in every game, you’ll win regularly. But because of the odds, that still doesn’t produce a football jackpot over the long run. For a favourite, the prices are too cheap. Also, keep in mind that the bookmakers win every time simply because they take a percentage of every bet. This is their “cut” and it’s called the “Vig.”
It doesn’t matter how frequently you win; what matters is how much money you get paid when you do. Finding real value is essential to winning at sports betting. Therefore, our recommendation to any beginner is to always put finding a decent price first. Your advantage or disadvantage relative to the bookmaker will ultimately show up in your results over time.
To Earn From Betting You Need A Head For Mathematics
Calculations are necessary to gain any advantage in sports wagering, especially when using probabilities. Many sports betting myths claim there’s a way to avoid this. There are, however, successful betting strategies that demand little to no calculation on the part of the gambler. Taking, for instance, advice from a dependable tipper or value wager finder. So, no, becoming a successful sports bettor does not require you to be a “stats expert.”
Don’t Bother With Strategies As It’s All Down To Luck
Nobody disputes the role of coincidence in sports outcomes. After all, anything is possible. However, your ability to consistently win at sports wagering is not determined by luck. Rather, it depends on the decisions you make. Certain athletic outcomes have a much better probability of occurring than others. The offered betting odds reflect these variations. These odds are influenced by public opinion, both professional and recreational. On the whole, they become more correct as the event draws near. This indicates that the markets are “tight,” making it all but impossible to turn a profit by picking investments at random.
You need a methodical approach to choose wagers with favourable odds because you can’t just depend on luck to win at sports betting. In spite of what some sports betting myths might say, you’ll require a well-thought-out plan in order to increase your jackpot winning chances.
You Can’t Earn Any Real Money From Sports Betting
Most sports gamblers end up losing their money over time. That’s because it’s primarily a “mug’s game,” as we like to say. But there are people who make a livelihood betting on sports. Yes, they really do exist. Most people simply have a tendency to keep their jobs a secret, perhaps out of a dread of disclosing their trade secrets. Obviously, if you had any real sports jackpot winning strategies, you too would hold them close to your chest. Sports wagering requires considerable effort, just like any other endeavour. It’s challenging to gain an edge over the markets due to the intense rivalry for odds. Also, the bookmakers make their best efforts to restrict profitable bettors. Therefore, generating a constant ROI is difficult. But that doesn’t mean it’s not possible.
I’m Sure To Win As I Know The Results
There is no such thing as a guaranteed or “dead certain” outcome in sports. To believe otherwise is just to perpetuate more sports betting myths. In reality, anything is possible. Some tippers claim to have “inside knowledge” regarding impending occurrences. Even if they did, it’s highly unlikely that they would disclose it to anyone so publicly, if only to prevent running afoul of the law. You also have to consider whether they would actually want to trade that information. Many tipsters make claims to provide expert knowledge and insight, but the majority of them fall short of their claims. Therefore, it’s crucial to use a trustworthy website to locate a dependable tipster and to always maintain reasonable expectations.
Sports Betting Myths: Higher Odds Never Win
Some other common sports betting myths are that long shots (high odds) never succeed. Odds represent the likelihood of an occurrence happening, which is a rough estimate of the chance. Unusual (or “upsetting”) events will inevitably happen. When you place a bet with higher odds, there is “increasingly more danger,” as the saying goes. High-odds betting definitely calls for a higher level of risk tolerance because you could lose for a very long time. It’s important to note that just because a result has a higher chance of winning doesn’t necessarily mean you’re placing a wise bet. Both short-term and long-term wagers placed with Bet365 Sportsbook can contain value.
Risk-Free Betting Doesn’t Exist
Whether you want to believe it or not, there are profitable chances for risk-free sports betting. The two risk-free methods are as follows:
Matched Wagers. This entails turning free bets and bookmaker promos into money. In our eyes, it’s possible to find online recommendations for services that enable subscribers to use this strategy to generate a monthly income.
Arbitrage Gambling. In contrast to matched betting, this entails making money off of the variances in odds between bookmakers and betting exchanges.
After So Many Losses, I’m Due A Win
You are not automatically entitled to a victory just because you haven’t recently won. This is one of the classic sports betting myths, the Gambler’s Fallacy. Although you may go on winning or losing streaks, each new wager you make will eventually stand-alone (in most cases, anyway). This implies that your past performance won’t have an impact on your future performance. The losing streak might keep going. When they believe a victory is “due,” some gamblers adopt the superstitious strategy of increasing their stakes or betting at higher odds. That is a risky course of action. Never keep stakes that you can’t afford to lose, and don’t rely on wins to make up for losses.
Sports Betting Myths: Betting Exchanges Have Worse Odds Than Bookies
Of all the sports betting myths, this is one we’ve heard or read online a disturbing amount of times. Occasionally, betting exchanges offer higher odds than bookmakers. In reality, they make every effort to maintain lower odds so that they don’t expose themselves to arbitrage betting. We believe that misinformation supplied by gambling affiliates is the root of this erroneous belief. When you can head directly to a sports betting exchange and find better value 99%+ of the time, it’s not unusual to read that a particular bookmaker is providing the “best odds” for an event.
Additionally, the odds from betting exchanges aren’t always displayed on well-known odds comparison websites. This is presumably because doing so would only serve to undermine the bookies those websites are affiliated with. The omission causes a lot of gamblers to be misled. We should point out that bookies have a number of benefits over betting exchanges despite having lower odds.
