Sports betting is fun and entertaining but the longer you do it, the more realize that there is more to it than just betting on who would win a game. There are technicalities, strategies, and techniques that you will eventually learn, and you might even think that sports betting can be considered a separate sport on its own. However, as with many other things, sports betting is also plagued with myths and superstitions that are not only not true but could also prove to be harmful to your betting activity.
When it comes to bookies, you would of course want to find a good bookie. Out of all myths, the belief of finding a good booking equals a better overall betting experience is not one of them. It is a fact. As proof, read this review and see howbet2u online bookmakers can do wonders for your sports betting experience.
In the meantime, there are the top sports betting myths that you should stop believing now.
Table of Contents
You need to know the sport to bet
This myth, to be fair, has some truth to it, although being partly false, it is still considered as a myth. Technically speaking, everyone and anyone can place a bet on any sports, just as long as they have the money to wager on the bet. You don’t need to know the post, know the rules, nor know the teams or players to be able to place a bet.
On the other hand, you must also understand that there is a huge difference in simply placing a bet from placing a good bet. To be able to place a good bet that is backed with analysis and strategic thinking, you must know not only the sport but also the players and the teams.
Thus, you can bet on sports without even knowing the sport, but to be a good bettor, you need to familiarize yourself with what you are betting for.
Always bet on your favorite team or player
This is one of the most common mistakes committed by newsies in sports betting. IF they love a certain player or team, they automatically bet on them, regardless of the odds. To them, they think they are “supporting” their favorite by betting on them. However, this is never the case.
Doing this is betting with your emotions, not with your mind. Doing this would lead to you making more bad bets than good ones and losing money more than winning it. Overall, it would do no good to your betting activity.
The favorites of the bookies always win
This is one of the oldest, if not the oldest myth in sports betting. In the odds, there are two categories for the opposing players or teams–the underdogs and the favorite. The common misconception here is that being the favorite is an indication that they are most likely to win. Although that happens, there is no real science nor logic to support the belief.
Bet where the odds would give you the biggest profit
The odds tell you how much money you can make if you place a bet on a team or player and you win the bet. Higher odds mean you will earn more. So naturally, you’d think to bet on the one with the higher odds so that you are set to make more profit. However, odds do not work as simple as that.
Bookies adjust the odds, most of the time, to balance the number of bets that are to be placed on opposing sides. So, higher odds do not always mean higher profit–it can also mean higher losses. Rather than basing everything on the odds, learn to look at other major factors that could help you make good bets.