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Statistics in Sports Betting

Sports Betting and Statistics – How are they related?

With so many factors at play during any given sporting event, using statistics to help formulate your selections is definitely worthwhile.

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If you undertake your research in a diligent and attentive manner, you can quickly begin to identify key metrics that can impact matches. Take soccer for example, and there’s many key numbers that you’ll want to be keeping an eye on to help determine your selections.

Statistics in Sports BettingCourtesy of Advanced Football Analytics

The basic key stats include things like goals per game, goals conceded per game, shots per game, shots allowed per game and possession percentages. If you’re looking for some more detailed figures, however, you can start delving into expected goals, expected goals against, chances created, chances against, shot locations and set piece effectiveness.

Statistics in Sports BettingCourtesy of Anna Bet

Other aspects you’ll want to cover are if a certain team suffers a dip in performance when certain key players are unavailable due to injury or suspension. In addition, pitch conditions, weather, home and away form and historical head to head data can also be of use.

Betting Markets’ Guide: Asian Totals. Asian Handicap. 1×2In-Play Asian Handicap.

You should hopefully be able to recognise any trends that are developing that can give you an edge when thoroughly examining variables that can influence your picks.

Statistics in Sports BettingCourtesy of Soccer Metrics

Applying the numbers you can use to help enhance your chances of winning is the next step, as you’ll want to make sure you’re strategically implementing the stats at your disposal.

Recording all of your bets can be another brilliant asset for you, as this allows to generate your own findings upon analysing where you went right or wrong to gain some valuable conclusions.

Although it’s not a perfect science using statistics to accompany your betting, there’s unquestionably plenty of value in using stats to give you an advantage.

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sports betting the good and the bad

Sports Betting: the Good and the Bad

There are tonnes of misconceptions about sports betting that will make you wonder what it’s like to be in this field. One thing’s for sure though, it’s not a piece of cake.

One thing certain in life is no matter how good you are at something, there will always be ups and downs. You cannot savour the sweet taste of success if you haven’t experienced what it means to fail.

This is also the reality of sports betting.

However, it’s not about how many times you failed and succeeded, but rather how you handle this rollercoaster between the inevitable ups and downs if you are to have a chance to thrive in this industry.

Now, despite the good and the bad outcomes of sports betting, there are still hundreds and thousands of people who willingly take the plunge. So, here comes the big question.

Why Do Some People “Love” to Bet?

They say that love is a strong word… but so is an addiction.

one dollar bill

Depending on how skilled a bettor is, chances are they’ve dealt with losing at least once in their betting history. Despite that, have you ever wondered why some of them keep going even when they’ve lost so much — sometimes even more than just money?

You can find countless psychological studies all over the internet to answer this question. So, to break them all down for you, here are three major reasons why people get addicted to betting.

The Risk

A study published in the Journal of Personality and Individual Differences focused on wagering as a form of risk-taking, and the “individual differences in personality, risk-accepting attitudes, and behavioural preferences for risk.”

In the study, they examined whether risk-propensity, personality traits and self-reported behaviours toward risk had any relation with a person’s involvement in betting. The result? They confirmed that betting, indeed, represents an expression of risk-taking.

Meanwhile, a study focused on betting and risk-taking behaviour among university students was published in the Journal of Substance Use & Misuse. The results of the study showed that excessive bettors are, in fact, greater risk-takers than casual or social bettors.

Regardless of winning or losing, the anticipation involved with the risk provides a high or a rush, which makes betting so entertaining and pleasurable. This, therefore, suggests that the greater the risk, the greater the rush that a person experiences — and it’s that rush that makes them want to bet.

The Escape

Now, taking risks may be a big motivator for bettors, but for some, it can become a way to escape their everyday life.

escape

In a study from the Journal of Psychology and Psychotherapy: Theory, Research and Practice, they examined the role of betting in the lives of pathological punters and how they may have used it as a coping mechanism.

After interviewing 50 respondents aged between 18 to 63 years old, they found that “to escape” was a primary contributor to why they kept on betting. They used betting as a way to “fill the void” or to “avoid problems.”

The Glamour

In a way, the feeling of an “escape” can become addicting for some people. However, for some, they’re in it for the glamour.

A study published in the International Journal of Mental Health and Addiction concentrated on the impact of betting advertisements on adolescent betting attitudes and behaviours. From there, they mentioned that childhood exposure to betting increased the chances of betting in adulthood.

In advertising the betting industry, you may have noticed that betting and betting destinations are often marketed with a stylish, “high society” image. However, in reality, this is far from the truth. Hence, glamour as a motivator, in general, is prevalent for those who wish to have instant wealth.

The High: Winning is Heaven

While all of the motivations we mentioned a while ago sound morbid and may frighten you from starting a betting career, know that the people who become addicted have mental issues.

So, should you choose to become a professional sports bettor, you have to ensure that you’re of sound mind and doing it for the right reasons.

Now, let’s talk about heaven.

Naturally, it’s human nature to feel happy whenever you win. It brings out all kinds of positive emotions in us.

Neurological science found that our bodies release “feel-good hormones” or dopamine when we have euphoric experiences. So, when you’re winning, it can actually feel like you’re high on drugs. In fact, both drugs and betting rewire the neural circuits in our brains in similar ways.

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However, the pleasure that comes from winning can greatly affect many facets of our lives for the better.

We all know that sports betting is a great form of entertainment that you can share with your friends and family.

Playing the field can also make you become more critical and analytical. Apart from this, you can meet a lot of people to do business with you which maximises your opportunities to become successful in the field. You might even be recognised as someone who won a significantly large amount of bet.

On top of that, sports betting gives you the ultimate convenience. You get to enjoy watching your favourite sports on the telly while making money.

Therefore, it all comes down to your attitude towards betting and how it contributes to your wellbeing. As long as you’re doing it for the right reasons, then you don’t have anything to worry about.

The Low: Losing is Hell

Just like winning gives a sense of euphoria and indestructibility, losing can feel like a punch in the gut — or worse, it can feel like the world is ending.

The emotional impact you get from losing bets is definitely the worst thing you can experience in sports betting. A bad streak can take a toll on your health and your bankroll. It can also feel like the losses you might have encountered in the sports betting movies you watched do not do justice to the hell you’re feeling from losing.

losing is hell

Although, there are instances when even losing will not make you want to stop betting forever.

Therefore, losing can also lead to addiction. Let’s say you wagered a massive amount on a match you had no doubt would win, but you lost. You tell yourself it’s just bad luck and you try betting again on another one, hoping it would somehow recover what you’ve lost.

This instance will make you want to bet and bet and bet so you invest more money and time into it but in reality, you just continue adding up to your losses. It would be an excruciatingly painful cycle for you, and when you reach this point, it’s a sign that your betting addiction is already taking over.

With that said, losing is hell. There’s no doubt about that. Though as we said, how you react to the inevitability of the highs and lows of betting is what determines your success and its influence in your life.

Need a little help with your sports betting? Check out these articles:

How Do You Know It’s Time to Stop?

If there’s anyone famous for sports betting, it’s Michael Jordan. However, even a legendary athlete such as himself didn’t grant him immunity from having a losing streak.

Related Article: Six Most Stunning Sports Bets Ever Placed

Jordan suffered a massive losing streak that it came down to him, owing a friend 1.25 million USD (roughly 1 million GBP). On top of that, he was evasive when he was asked to pay up. Although eventually, he negotiated to pay 300,000 USD in instalments. Unfortunately, it didn’t stop there, news broke in 1992 that Jordan wrote a check for 57,000 USD to clear his gambling losses.

So, how do you not suffer the same losses as Michael Jordan?

The best way to prevent addiction is to know when to stop. In order to know when to stop, you have to be self-aware if you’re manifesting any signs of pathological betting. With that, here are some of the things that you need to be on the lookout for:

You’re starting to lie about it to your friends, family, and especially to your wife/husband You’re having arguments with your loved ones about your betting You start to chase your losses or trying to win back what you’ve lost, claiming to stop once you win You’re borrowing money for betting You’re betting to forget problems or to relieve stress You become irritable, agitated, or impatient whenever you don’t bet You’ve tried to stop betting but failed You wager money you don’t have You’re thinking of other ways to find the money for betting Your “trading” is starting to interfere with your everyday life You’re always thinking about betting You need to choose bigger stakes to feel the buzz

If you notice that you have at least two of the signs that we mentioned above, then you probably need to pause and rethink your situation. Should you feel like it’s starting to become a problem, GamCare can help you overcome your dilemma.

Call their number 0808 8020 133, from 8 AM to Midnight in all the days of the week. You can also visit their website for more information.

How to Stop When It Gets Destructive?

If you’re hesitant about calling for help, there’s always the option of helping yourself.

You can find many sports betting articles on the internet that will make you want to start a career in betting after learning how easy it can be. But when it starts to have adverse effects on your life, no one tells you how to stop.

get help

Fret not! We got you. Here are some ways that could help you get back on track.

  1. Admit you have a problem. No, it wouldn’t be a shame to admit that. Aside from admitting being the first step, the most important step to recovery is found in the strength of acknowledging that there’s something wrong.
  2. Reflect. Think about all the instances that led you to your destruction. It may be painful, but revisiting these stuff will make you aware of where you went wrong. You need to take a break to reflect and assess the situation. You can write it down if it can help you analyse more.
  3. Confide. Though it can be worrisome, one of the mistakes you can do on your road to recovery might be bottling everything in. Confiding in someone you trust about your situation can lessen the heaviness of your suffering. They might also be able to find ways of helping you recover.
  4. Block all your access to betting. Pathological bettors often experience withdrawal when they try to stop so this step can be difficult to overcome as it might cause you to feel agitated and irritable. It’s hard, but it can certainly be done.
  5. Look up others who successfully stopped. It might feel like the world is ending and all hope is lost. But instead of focusing on the negativity of the situation, look up other people who successfully overcame this addiction and focus on that.

It’s difficult to break a cycle or stop a routine, especially when your life revolved in it for a long time. However, it’s definitely not impossible. Just keep telling yourself that you’re not the only person in the world who’s suffering through this and like the others, it is completely possible for you to free yourself from destruction.

Take a Break, Reflect and Start Again

Sports betting — or any type of betting — has its ups and downs. So, you have to be prepared both mentally and emotionally if you want to become a professional sports bettor.

If you already are a professional and you’re suffering a losing streak, don’t let it get to you. All you have to do is take a break, reflect on your losses and don’t hesitate to start again with a new betting strategy.

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Academic Sources:

Who Are the Most Famous Celebrity and Athlete Sports Bettors in History?

Sports betting is a pleasurable activity for everyone from all walks of life. It doesn’t matter what occupation you have, or status you belong to. Winning huge earnings is definitely exciting no matter who you are.

Celebrities and even your favourite athletes are not any different. In fact, some of the biggest names in Hollywood have definitely thrown in a wager or two. It’s not really surprising considering the massive influence sports betting has.

Trying to learn the ups and downs of sports betting? Check out Sports Betting: the Good and the Bad.

Here’s some famous sports bettors from the world of entertainment and sports.

  1. 50 Cent

You might have heard of him, or his songs for that matter. But did you know that 50 Cent is also popular bettor?

This rapper loves to boast his big bets as much as he loves to bet on sports. According to him, he won about half a million when he placed a bet in a match between the New York Giants and the San Francisco 49ers in the NFL. It was also the biggest bet he ever placed.

  1. Michael Jordan

Undoubtedly the greatest basketball player of all time and one of the most popular athletes in the history of the NBA, Michael Jordan’s betting record do not quite match his accomplishment on the court.

He once placed a million-dollar worth of bets on a golf game and lost. At one point, the former Chicago Bulls star was on a particularly bad losing streak, resulting in him owing millions to Richard Esquinas, a San Diego businessman.

  1. Floyd Mayweather Jr.

Boxing icon, Floyd Mayweather Jr., is no stranger to winning in and out of the ring. While Michael Jordan’s betting record does not match his success inside the court, Mayweather’s the exact opposite.

His bets include more than half a million on the American football team as well as a $45,000 win after betting $50,000 on Colorado State.

Did your favourite personality join the ranks? Let us know in the comments below!

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Sports Betting Documentaries Every Bettor Must Watch

There are several ways to enjoy the niche of sports betting other than placing a bet. Watching a documentary is one of them and it needs much more than just a complete love of the game.

First and foremost, a documentary is a nonfictional film intended to document some aspects of reality, mainly for instructing, or educating with a side of entertainment. In regards to sports betting, it fuels a punter’s hunger to seek more knowledge and gain more from it. 

Trying to learn the ups and downs of sports betting? Check out Sports Betting: the Good and the Bad.

What are some must-see sports betting documentaries?

Aside from deepening a bettor’s understanding of the game from a range of perspectives, these films also provide a great comprehension of betting strategies in which you can learn the things you should avoid.

The Best of It (2016) by Scott Pearson Eberly

The Best of It is a documentary that deals with the dark side of sports betting. It provides a look into the lives of Alan Denkenson, Lem Banker, Alan Dvorkis, and Ken Weitzner who repute themselves as professional sports bettors. It focuses on the 2010 NCAA basketball competition as well as the betting highs and lows of the main characters during the March Madness.

This Scott Pearson Eberly documentary offers a genuine insight into the life of a professional bettor, which can be fickle and challenging even for the most seasoned ones.

It also deals with the effects of losing a bet can have on someone. In fact, just a few weeks after being interviewed for the film, Ken Weitzner committed suicide together with his wife, after suffering from heavy losses.

The Gambling Mafia and International Sports Betting (2017) by Benjamin Best, Herve Martin Delpierre, and Uwe Schwering

This documentary centres on the participation of different mafia syndicates from all over the world in the world of sports and the betting industry. It focuses on sports betting and match-fixing in different divisions of German football, particularly in the Under-16 competitions as well as the Europa League and the Champions League.

This film tackles the connection between players, official, and syndicates, while exploring the influence of sports betting and discussing how young players are often the victims of match-fixing and the fact that they are not even aware that they are involved in it.

All things considered, the Gambling Mafia and International Sports Betting offers a solid proof that even some of the biggest football competitions in the world are not exempted to such practices.

The Legend of Jimmy the Greek (2009) by Fritz Mitchell

This is the story of Jimmy the Greek and how he helped with legitimising betting in the NFL in a country where gambling was, and remains, prohibited.

James George Snyder, Sr., or Jimmy Snyder, was regarded as the most famous oddsmaker in the United States even before he became widely known as a sports commentator. He came up with the belief of knowing ways of giving point spreads during his stint on the pre-game show, the NFL Today. 

This documentary emphasises his beginnings as a young bettor before moving to Las Vegas and eventually becoming the biggest name in the world sports betting.

FRONTLINE: The Fantasy Sports Gamble (2016) by Frank Koughan

Want a closer look on the issues surrounding fantasy sports betting?

This 2016 investigative documentary by Frank Koughan is perfect since it provides an insight into the underground world of online sports betting, particularly on the growth of fantasy sports. This film reveals how a loophole in the Unlawful Internet Gambling Enforcement Act of 2006 paved the way for fantasy sports betting to become a multi-billion dollar business.

It centres on investigating sites such as the DraftKings and FanDuels. Both of which have been operating as an online sports betting provider and how they managed to use loopholes in the law to provide sports betting in many states.

Sports Betting: Billy Walters (2011) By 60 Minutes

Everybody in the sports betting industry might know the name Billy Walters. He’s a legend and feared man in the world of sports betting. He further solidified this reputation when he placed a $3.5 million bet on the underdogs New Orleans Saints against the Indianapolis Colts in the Super Bowl XLVI, and won.

He’s easily one of the greatest gamblers of all time.

In this documentary, take the opportunity to delve further into his life and his betting strategies, why he calls himself a Kentucky Hillbilly, and basically see the man behind the legendary Billy Walters.

Life on the Line (2013) by Isaac Feder

Life on the Line explores the Las Vegas sports betting industry in connection with the biggest betting event in the world, the Super Bowl.

This documentary also features professional bettors, handicappers, and bookmakers from Vegas and their betting process during the Super Bowl XLV, which has become one of the most significant betting events for sports bettors in the United States.

Life on the Line will give you access into the behind the scenes and mysterious world of gambling, particularly in the LVH’s ‘SuperBook.’

Sports Betting Documentaries provide instrumental betting lessons.

From learning the ins and outs to understanding more about wagers, watching sports betting documentaries are indeed insightful.

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History of Asian Handicap Betting

Originating in Indonesia, the term Asian Handicap was first decided upon by journalist Joe Saumarez Smith in November 1998 when he was asked to give a translation by Indonesian bookmaker Joe Phan to what was then called ‘hang cheng betting.’

Trying to learn the ups and downs of sports betting? Check out Sports Betting: the Good and the Bad.

A Blast From the Past of Asian Handicap Betting

It’s fair to say not only the name but also this type of betting has since taken off, for it’s now a world-renowned market known by basically every serious sports bettor, with it being especially popular across Asia, America and Europe.

History of Asian Handicap Betting Courtesy of Bonus Codes

Courtesy of Bonus Codes

A form of spread betting, by handicapping a particular team or player, either way, Asian Handicapping essentially levels the playing field between two opponents by giving one a head start and one a deficit.

A key upside to this style of wagering is that it eliminates the draw, as there has to be a winner. Typically the lines most frequently chosen are decimal numbers like -0.5, +0.5, -1.5, +1.5, -2.5 and +2.5. Although the possibility is there for you to choose whole numbers like a -1 or a +1, this is classified as a push (where you get your stake refunded) not a draw if your team loses or wins 1-0.

History of Asian Handicap Betting Courtesy of Sports Interaction

Courtesy of Sports Interaction

There is also the opportunity for you to select a two-way handicap, which means half your stake is placed across two bets. For example, you could opt for the -0.5,-1.0, thus meaning you’d divide half of your stake into each one. This subsequently means if your team wins 2-1 you win half of the bet and the other gets refunded.

History of Asian Handicap Betting Courtesy of Bonus Kode

Courtesy of Sport Bonus Kode

The benefits of Asian Handicapping also transfers into accumulators, for the fact the draw is ostensibly removed as an outcome enhances your chances of winning.

Once you’ve grasped the concept of Asian Handicap betting, it can certainly be an extremely profitable option for you to explore. Now 21 years since officially being given its name, the market looks set to go from strength to strength in the future too, as its popularity continues to soar across the globe.

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Unbelievable Sports Betting Wins in History

Sports betting has become impressively popular throughout the years. It’s taking the world by storm, and with so much money being put down on massive fixtures, athletes are no longer the only people making a profit out of sporting events.

Everyone dreams about making millions of money and even more so with the rapid rise of sports betting. Several unbelievable wins usually just start from a few hundred-dollar stakes. Everyone has probably seen it, whether on a Facebook post, or a retweeted betting slip with huge earning just from a tiny stake. 

Luck is important, but in the long run, you need a certain set of skills to be able to win consistently. Some bettors were very fortunate, but most reached their success through cautious analysis and risk assessment.

Trying to learn the ups and downs of sports betting? Check out Sports Betting: the Good and the Bad.

Here are some of the most unbelievable sports betting wins of all time

Peter Edward’s Future Bet

Even before current Liverpool winger Harry Wilson started playing football; his grandfather, Peter Edward, definitely believes the boy was meant for brilliance on the field. He was so sure, in fact, that in the year 2000, when Wilson was still 18 months old; Edwards went to a bookmaker in Wrexham and placed £50 bet that the young boy would play for Wales, his current national team. The odds were a long shot at 2,500/1, but he was confident it would pay off.

Fast forward to October of the year 2013 where a 16-year-old Harry Wilson was sitting on the bench for the Welsh national team. In the World Cup qualifier against Belgium, Harry made his international debut when he was called up as a substitute in the 87th minute of the fixture for Hal Robson-Kanu.

Harry Wilson did not only break the record to become the youngest senior player to represent his country on the field, but he also made his grandfather a very rich man. Peter Edwards’ 13-year-old bet won an unbelievable sum of £150,000.

Charles Barkley’s Super Bowl Win

He’s famous for losing a reported total amount of $30 million worth of bets. But NBA legend turned sports announcer, Charles Barkley, still sits in the sports betting hall of fame for his big win during the Super Bowl 36.

He gambled half a million on the underdog New England Patriots to overthrow St. Louis Rams, plus another $50,000 on the money line. Charles Barkley won both bets and this win caused quite a stir due to the massive amount he won.

An issue has arisen from the fact that Barkley didn’t have enough credit at the Mandalay Bay sportsbook to cover his bets. Plus, he didn’t sign a marker which made the sportsbook hesitant to pay him out. They ultimately gave in and Barkley received a total of $800,000.

1980 US Hockey Miracle on Ice

Do you believe in miracles? If not, you’d think otherwise when you hear all about what happened during the 1980 Winter Olympics.

It was highly unlikely for team United States to come out as victors. They were at 1,000/1 odds to win the Gold. However, On February 22, 1980, the United States hockey team made a shocking play and beat the great Soviets in a 4-3 victory at the Winter Olympics in Lake Placid.

The Soviet hockey team was known to have won four straight gold medals as well as beating a number of NHL teams in the 70s.

What’s your biggest win?

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5 Betting Destinations in the World

Most people opt to bet online ever since the emergence of online sportsbooks and casinos. However, there’s always something special about a ‘brick and mortar’ betting the just can’t be replaced. The glamour, the dealers, and the thrilling atmosphere make it an exhilarating experience.

Of course there are some places that are recognised for providing a one-of-a-kind betting experience.

If you love to bet and are looking for the ultimate betting experience, make sure to add these places on your list!

Trying to learn the ups and downs of sports betting? Check out Sports Betting: the Good and the Bad.

Top Betting Destinations from All Over the World

Las Vegas, Nevada

Las Vegas is the world’s most popular gambling hub with over 50 casinos. It’s always at the top of the list of anyone who wants to gamble. The main one is a 4-mile stretch called ‘The Strip.’

You can even find top-notch sportsbooks here, which is a great since Nevada is one of the only two states in America that allows offline sportsbooks. No matter what kind of bet you want to make, you can simply find it in Vegas.

Macau, China

It may not be as popular as its neighbour, Hong Kong, but Macau is one of the best places to visit in Asia if you’re into gambling. It’s the only city in China where gambling is legalised, and since the Chinese love betting, the industry has definitely boomed.

However, sports betting in Macau is controlled by just one sportsbook. You can place your soccer or basketball bets at just 10 outlets called the Macau Slot. Furthermore, this Chinese city is also home to the largest casino floor in the world, The Venetian.

London, England

London is a gambler’s paradise because it doesn’t have any anti-gambling laws like the United States. Anyone over the age of 18 can bet on pretty much anything. You’ll have no problem finding a sportsbook anywhere you go.

However, London also has the reputation of being extremely high quality. Some casinos are so exclusive that they are not open to the public.

Paris, France

Paris is famous for a lot of things, but not really as a betting hub. However, did you know that Paris is home to some of the most first-rate casinos? Paris attracts many high rollers looking for an exclusive betting experience. While online betting is illegal in France, the traditional land-based betting is a thriving industry.

Monte Carlo, Monaco

Monte Carlo may be the second-smallest country in the world, but it’s the ultimate betting destination in Europe. Monte Carlo is also one of the richest places in Europe and its reputation for gambling comes from casinos that were built in as early as the 19th century, specifically the famous Casino de Monte Carlo.

While Vegas can be loud and eccentric, Monte Carlo is lavish and classy, which attracts the most sophisticated bettors. Don’t be intimidated by its reputation of luxury though, Monaco has something for everyone. However, despite being the home to the Formula 1 Monaco Grand Prix, sports betting is actually not allowed.

Have you been to any of these places? Tell us all about it in the comments below! Enjoy next-level sports betting with VOdds! Log in to your account or register now if you don’t have one yet.

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6 Sports Betting Quotes to Live (and Bet) By

From ancient proverbs to witticisms from philosophers, and words of wisdom from professional punters themselves – VOdds sports trading platform collected some of the most significant sports betting quotes related to betting.

Trying to learn the ups and downs of sports betting? Check out Sports Betting: the Good and the Bad.

Some of these quotes might make you wonder, but some might give an insight regarding your betting strategies

“The excitement a gambler feels when making a bet is equal to the amount he might win times the probability of winning it.” – Blaise Pascal

An inventor, physicist, writer, and mathematician, Blaise Pascal was sought out by fellow mathematical theorist Pierre de Fermat to make out a betting dilemma. With their tandem came the creation of the Probability Theory.

“Gambling is not a bad thing if you do it within the framework of what it’s meant to be, which is fun and interesting.” – Michael Jordan

This basketball legend has reportedly lost millions of money in gambling over the years. However, it seems like this advice actually came from experience. This quote possibly cautions everyone to bet carefully, and keep it fun and entertaining rather than career or life-destroying.

“If you must play, decide upon three things at the start: the rules of the game, the stakes, and the quitting time.” – Chinese proverb

The Chinese have plenty of betting experience. The earliest evidence of this dates back to 2300 BC in Ancient China with ‘a game of chance’ using tiles. This Chinese proverb is also one of the very first betting strategies that have ever been recorded. If you read the article regarding the common mistakes sports bettors make, you’ll be able to find the same particular advice.

“A gambler never makes the same mistake twice. It’s usually three or more times.” – Terrence Murphy

A poker player and a writer, Terrence “VP Pappy” Murphy has plenty of insights in regards to the betting industry and those who are involved in it. This advice is particularly observant.

Most of us know someone, or have been that someone, who just can’t stop at one defeat, or constantly make the same mistakes. If this quote applies to you, it might just be the time to reevaluate the way you bet.

“Hoping to recoup is what ruins the gambler.” – Irish proverb

This particular quote just means one thing: never chase your losses. Follow this wisdom and you might just obtain ‘the luck of the Irish.’ It’s quite ironic really, since the Irish are reportedly the world’s third biggest losers in the world of gambling.

“Eat your betting money but don’t bet your eating money.” – Unknown

This wordplay actually has an importance even today. The idea is actually really simple. It’s find to spend the money you win from betting, however, you shouldn’t be gambling with the money you need to live with. In short, don’t bet on the money you can’t afford to lose.

There you have it! Apply these words of wisdom when you bet on your sport of choice! Log in to your account now, or register if you don’t have one yet.

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Common Myths about Sports Betting

Sports betting has been a hobby, and even a career, for millions of people for decades, if not centuries in its primitive form. This length of time has built a ground for several myths to not only take root but also develop in a bettor’s mind.

There are a lot of sports betting myths that many people believe, and it affects them greatly when they make a bet.  These kinds of myths are taken seriously simply because they ‘sound right,’ or it has been a known belief for a long time.

Although some beliefs are accepted since it gives an explanation when losing stakes, others are simply just that—myths.

Trying to learn the ups and downs of sports betting? Check out Sports Betting: the Good and the Bad.

Most common misconceptions in sports betting.

No one wins in the long run

This is one of the most popular betting myths. You can find a lot of bettors who can confirm this. There’s a handful of punters who actually managed to do the exact opposite of this belief. Obviously, you will need a lot of luck in betting; however, winning money and becoming a successful bettor are attributed to far many more characteristics.

It’s easier to win with a large bankroll

Truth be told: earning a profit using a large bankroll is just as hard as betting with a small one. The truth is, if you’re betting with a massive amount of money, the risk is actually much bigger. When you lose a bet, it can have a severe effect on your bankroll.

Bookies can always be relied on

Bookmakers can actually help predict a match result correctly. However, people are still the ones operating behind bookmakers. Like the rest of us, they can also make mistakes and create inaccurate estimations or data.

Going with your gut feeling is an effective strategy

Following your gut isn’t necessarily a bad idea, but bettors often put too much trust in their instincts. This kind of strategy doesn’t always work in sports betting. Bettors should always combine their intuition with accurate information as well as other betting tactics to make better decisions.

Bettors are more successful if they bet on multiple sports or leagues

While it is sometimes true that betting on more than one sport can help maximise your opportunities, it’s important to first be knowledgeable on one sport before deciding to place bets on another. Focusing on one sport helps in familiarising its terms, rules, and etc., which can further help you be successful in betting.

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Six Shocking Truths You Will Learn from Sports Betting

From being a novice to becoming a professional punter, sports betting can reveal so many things to bettors as time goes on. Some of these may not be that surprising, but some of them can also be a total shocker. While sports betting can be entertaining, it can also offer some school of thought and theory.

Furthermore, learning the truths about betting will give you an edge since it will provide you an insight into how it works as well as its lessons in life.

Trying to learn the ups and downs of sports betting? Check out Sports Betting: the Good and the Bad.

Here are some of the unexpected truths you can learn from the world of sports betting

There’s no such thing as a ‘sure thing.’

You can find a lot of opportunities that are in your favour. However, the reality of a ‘sure thing’ especially in sports betting doesn’t exist. Odds change, prices are indefinite.

Sports betting can be a lot of work

Betting on sports is easy. Becoming a profitable bettor? Not so much. It requires a lot of hard work, research, and anything else that will give you an advantage. As the saying goes, nothing worth having comes easy.

Anyone can bet, but only few can win

Anyone has the ability to bet, but only a few can actually be successful. However, with the right sportsbooks aggregator, you can multiply your chances of winning since you’ll have access to the highest online sports odds and prices from numerous top bookmakers.

It’s actually worse than a day job

A lot of sports bettors, especially beginners, like to dream about doing it as a profession. What could be better than sitting around, watching sports all the time and making a profit out of it? However, few bettors actually win in the long run. A regular job might even be more profitable.

Watching games won’t be as fun as it used to be

It’s frustrating to watch a game for enjoyment once your start betting on sports. When you watch a game, you will find yourself looking for ways to gain an edge. You will eventually find yourself irritated and having difficulty getting into ‘fan mode.’

Your favourite team can suck

Once you get into sports betting in a serious manner, you will start seeing the flaws of your favourite teams. As a fan, of course you’ll disregard their flaws. However, if you want to be a profitable sports bettor, you have to see every detail and flaw to place smart bets.

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