Posted March 9, 2016 by Milorad Matejic in Sports Betting

Five Biggest Myths About Online Sports Betting

myths sports betting
myths sports betting

Online sports betting sites are a popular form of entertainment. You cannot go anywhere without seeing a poster or online advertisement for sports betting or online bookmakers, with special offers to entice new customers to part with their cash.

Many anti-gambling critics will tell you a lot of lies to try and convince you it’s all a scam and to stop you from having a flutter, but you shouldn’t listen to them.

There are several myths surrounding online sports betting but it can be a fun and enjoyable way of spending your time as long as it’s done responsibly.

Not only do you have the chance of winning money but you can also be entertained by free live football streaming or up-to-the-minute live scores on different sports from all around the world.

Here we will tell you the top five myths about online sports betting and the reasons why they are simply not true.

1) Online gambling leads to addiction

Whilst gambling addiction is a very real and serious issue, online sports betting alone is not to blame.

As long as you gamble responsibly, with a set limit that you can afford, there should be no fear of you becoming addicted. On top of having a limit, you need to realise if you start to spend too much time, money or effort on gambling. You can then stop or get help before becoming addicted.

Addiction to anything is normally caused by a number of separate things, so online sports betting alone is not what leads to having a gambling addiction. Many people that become addicted to gambling have addictive personalities to start with and simply do not know when to stop. You don’t have to be one of those people.

2) Sportsbook operators don’t pay their players

This is simply not true. As long as you use a reputable and genuine sportsbook you will be paid your winnings.

People that tell you otherwise have maybe used a scam website or attempted to claim bonuses without properly reading the terms and conditions. They may even have not verified themselves as being of a legal age to gamble, which is a requirement before gambling in itself.

Always make sure to read between the lines when claiming a bonus or free bet and know that if you are outside of the terms, the sportsbook can refuse to pay you. On the other hand, as long as you stick to the rules and have verified your identification you will not have a problem when withdrawing your winnings.

3) Betting online isn’t safe

Betting online is just the same as shopping online, you are making a purchase and entering payment details into a website.

All reputable sportsbooks will have details of their secure money transfer system and will open a secure web page when dealing with deposits and withdrawals.

Remember that your computer has to be protected as well, with anti-virus and anti-hacking software, which makes online gambling safe and secure.

4) Online gambling is illegal everywhere

This is a myth you may be told which is definitely a fabrication. Online gambling is not illegal in most countries, with players from all over the world having a flutter every day of the week.

Although there are some countries that it’s illegal to gamble online in, or even illegal to set up an online sportsbook, there are more than 70 countries where it is perfectly legal.

Obviously, it is the responsibility of the player to check legality before gambling but most players will be perfectly within the law to bet online.

5) Chasing losses is a good way of getting your money back

Our advice is to never chase your losses. It is a sure-fire way of losing more than you can afford and changes online gambling from fun to something that is bad for you.

It sounds simple that if you lost money on one bet, you could put the same amount on another bet to try and recoup your losses. It doesn’t work that way and although you may win once or twice using this method, in the long run you’ll probably find yourself in debt.

Online sports betting should be used as a fun form of entertainment and as soon as it stops being fun, it may be time for you to stop. Always gamble responsibly with only money that you can afford to lose and always use a reputable sportsbook when doing so.


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