19.5 million Americans will place an online bet this season.
With this huge popularity of online sports betting, it’s normal to expect a lot of misinformation. People will come up with false conspiracy theories on how online betting works. Some of these theories sound logical that most people fall for them.
So, how do you differentiate between what is true and what’s false when placing an online bet?
Keep reading this blog as it debunks the most common online sports betting myths that exist today.
Sportbooks Have Inside Information
Many people strongly believe that sportsbooks have inside information that they use when setting odds. These people assume that the sportsbooks know the outcomes of games even before they’re played. Yet, all these things are untrue.
Sportsbooks may get teams’ information before the general public, but this doesn’t equate to inside information. After all, even top professional bettors have access to this information. You, too, can get this information when you learn the top websites to use.
Besides, you’ve access to thousands of resources that share information that helps you place winning bets. For example, search for a website that offers tips for NBA betting. You want to check out the daily tips and use them when placing your bets.
Remember to track this website’s betting prediction over time to determine its accuracy rate. Your goal is to find a website with a high accuracy rate to maximize your winnings.
Online Sports Betting is All About Luck
To make it in the gambling industry, many people assume that you must be extremely lucky. That’s why these people give up online sports betting after losing several times. They conclude that they’re not lucky and will never win.
Although luck plays a part when gambling, it’s not the only determinant of the results you get. Your knowledge of the games and keeping up with the latest trends is key to winning bets. So, become a true fan of the games before you start betting online.
Also, take advantage of social media to follow the teams’ news and use this information when betting. You want to get data that helps you understand a team’s past performance to predict future results. In addition, you’re seeking information on the players’ physical fitness and morale as this impacts the results.
By combining this data and a little bit of luck, you’ll start winning big through online sports betting.
To Win Big, You Must Buy Fixed Games Odds
Many people believe that the gambling establishment is made up of corrupt officials who fix matches. These officials pay players to throw away games and lose. They aim to manipulate the systems and earn huge amounts of money through betting.
Understand that all these things are untrue. In the past, there have been few incidences of match-fixing, but these cases have significantly reduced. Many sports now have strict regulatory authorities that take punitive actions against teams that fix matches.
That’s why you shouldn’t believe the myth that to win big, you must buy odds for fixed matches. Most people selling these odds are con artists looking to make quick bucks by lying to you. After all, if it’s true that they have genuine odds for fixed matches, they won’t be selling them.
Instead, they would even borrow huge amounts of cash and bet on these games as they’re guaranteed to win.
The Public is Always Wrong
Many people avoid public bets as they assume that the public is always wrong. Some of them even bet the opposite of the public as they assume this is winning. The problem is that most of them end up losing a huge amount of money.
Understand that when many people bet on a given team, there is a high chance it’ll win. The reason is that most of them have analyzed the teams’ statistics. So, they’re placing bets backed by data, and it’s logical to follow them.
If you’re still uncertain about whether to bet on public bets, you should experiment. The idea is just to follow several public bets and check the outcome after the games. You’ll be surprised to realize that the public, in many instances, is right.
So, by following the public, you’ll save time as you don’t need to keep analyzing games for hours. In addition, you significantly increase your chances of winning.
You Must be a Professional Bettor to Earn Profits
The other popular myth is that only professional bettors earn profits as all other people make losses. That’s why most people fear online sports betting. Some even argue that it’s the quickest way to bankruptcy and poverty.
Yet all these things are untrue as studies show that even newbies earn substantial profits through online sports betting. The trick is to start by finding the best sportsbook that offers amazing odds. The other thing is to keep up with the latest team news and leverage this information when making bets.
Understand that online sports betting is risky, but you stand to earn handsome profits if you do it right. It’s, however, wise to develop financial discipline and set up an online gaming budget. You want to specify how much money you’ll be using for online sports betting.
Also, you need to know when to cut your losses and start a break from online sports betting.
Have Fun and Win Through Online Sports Betting
Online sports betting offers you a great chance to play and win big. That’s why you need to debunk the most online sports betting myths that exist. These are misinformation that makes it hard for you to bet and win.
So, understand that you don’t need to be a professional bettor to earn profits. The trick is to just keep up with the latest teams’ news and use this information when betting. Also, find genuine websites that offer accurate betting tips.
Enjoy more amazing Sports content by checking out our other blog posts.