Sportsbooks have the “inside information,” and they’re always right. Unfortunately, this is a common misconception among sports bettors. But the fact is that sportsbooks simply try to mitigate the risk by creating odds with a 50/50 possibility.
It’s good to check in with reputed sportsbooks, whether you’re looking at NFL Week 1 odds or any other match. But you can’t blame them for your win or loss. So, stop believing this sports betting myth.
Let’s fact-check common sports betting myths that people mistakenly believe to be true:
- Sports betting is a luck game
Lotteries are about luck, but betting is not! Your chance of success largely depends on the odds you select, the sports or market you choose, and the betting method you adopt. Like in any other game, you can use sports psychological training to your advantage to become a pro.
- Games are fixed.
Players, referees, and coaches face a hefty fine and even imprisonment for sports fixing. They can even be banned from the game if caught fixing the outcome. So, don’t worry! There have been instances when game-fixing has happened, but this is not as frequent as people think.
- Online sportsbooks will ban you if you win too frequently
Not at all! You won’t get banned if you frequently win by playing legitimately.
If you win often, bookmakers keep you on the radar to monitor your activities. They may impose a limit on bettors to maintain a loss window. This is essential for the sustainability and proper functioning of online gambling sites.
Bookmarkers won’t ban you until you’ve been caught cheating. In this case, they may suspend or ban the punter based on irrefutable evidence.
- Online sports betting is illegal
Not all countries have legalized sports betting activities. But, many countries, especially European nations, including Malta and England, issue licenses to online sportsbooks to carry out sports betting legally.
Many online betting companies enter into partnerships with leagues, teams and star players to promote responsible sports betting. This is a big sign of the legitimacy of online betting today since no leading brand would like to be involved in illegal betting activities.
- Injuries to a star player give you an edge
Books are aware of the injury and have already factored that in. A big line movement could occur due to instances like Tom Brady being deactivated a couple of hours before the game. But these instances are rare.
Finally, there’s no shortcut to being a successful gambler. So, play safe by choosing legitimate methods and stop believing sports betting myths.