Why is it that movies and TV shows sometimes portray these wealthy posh men getting adrenaline hits while placing bets on a particular sport like horse racing or bull fighting or even over football matches? What is it really that is so captivating to men and women alike to bet on sports? The answer is simple. Profitable entertainment. Placing bets is fun. You see a football team; predict their chances of winning and place a bet. The entire game is then just a constant prayer for the team or player to win. But if they really do win, you get back more money than you invested on the bet. It’s profitable. These two factors are the main reason why many people become addicted to it. The hope of changing your life overnight by giving out just a few bucks to only wait and hit a jackpot. Wouldn’t you want to try it once yourself? Now gaining money isn’t everything in sports betting. It involves its down side as well. The chances of losing are equally high and for a man who bets by millions, this is definitely bad news. But before we get into the complete list of pros and cons of sports betting, it is best to know what exactly happens.
Now there are two kinds of people who bet on sports: The friendly-player and the serious-gambler.
The friendly-player is a person who places bets simply for entertainment purposes. Now these are usually beginners in betting or those who come withfriends and try and increase the energy amongst them for the game. The bets are placed in small amounts as cash is not given much importance here. This happens legally. This is light hearted.
The serious gambler is the one who bets in millions and billions. For him, a single game either means 3 new porches or drowning in debts. His business is betting on sports;Luring weak minded ones into it and gaining money. He lives his life in terror because a single wrong prediction on his side and millions would get washed away. This takes place sometimes illegally and such gamblers are usually notorious.
The Risks in Sports betting—
- The most obvious one is you could lose and get yourself into a mountain of debts.
- The unpredictability factor is quite high in sports’ betting.
- The odds are less favourable on your side.
- The chances of the person you’re betting against being a dreadful guy are high because people like that are common in sports’ betting areas.
- It is impossible to always win therefore losing once is sure.
- Chances of getting addicted to this are fairly high. Hard to believe, but happens frequently.
The Rewards in Sports betting—
- You could win a lot of money over a single game thus transforming your life overnight.
- The entertainment and fun that comes with it is another kind of rush.
- Variety of sports to bet on. So even if you lose in one, you can always try your luck at another game.
- The odds of winning are fairly high.
- Easy to learn and bet.
- Exposure to other sports betting and the amount you put in.