Sports betting and gambling are some of the most popular activities in Australia. If not for the reputable betting agencies, sports enthusiasts may not be able to fully enjoy this activity.
Sports betting is an entertaining way of earning some extra cash with the help of your sports knowledge and instinct. However, you may end up losing our investment if you believe everything you hear.
Here are some myths about sports betting that you should never believe:
Myth#1: Bookmakers Fix Matches
Bookmakers offer odds against matches. When there’s a big upset, it’s common for people to think that the match was fixed by bookies. You may also think that the bookmakers may have contacts with match-fixers so that they don’t need to award a huge winning price.
But bookmakers such as BlueBet need not fix a match to earn profits. Through over-round, they are able to make profits. In fact, their earnings will significantly reduce if they try to fix matches. It’s because they will have to pay a huge sum to fixers. Moreover, match-fixing may ruin their reputation and they may end up losing their business.
Myth#2: The Larger Your Bankroll, the More You Can Win
Many punters invest their entire savings and paychecks on sports betting. It’s because they believe that the larger the bankroll, the easier it’ll be for them to make profits. Even if they lose a few bets, they will make up for the loss through more bets.
But this isn’t the case. Making profits with a larger bankroll is as difficult as earning money with a smaller bankroll. You need to consider odds and apply your sports knowledge to make profitable decisions.
Myth#3: Professional Tipsters are Always Right
Many people believe that professionals who share tips and predictions are always right. If you place bets as per their predictions, you’ll be able to make huge profits.
However, tipsters predict results on the basis of their knowledge and experience. They aren’t sure of the results. Therefore, aside from considering their tips, you should also calculate betting odds on your own to earn profits.
Myth#4:Betting Stops When the Game Begins
Back in the day, betting used to stop when the game started. But now many betting sites facilitate you to bet even after the game begins.
Sports betting is thoroughly enjoyed in Australia. It’s an easy way to earn profits. But make sure you carefully choose a betting site to avoid losing your investment in betting scams.