The Benefits of Sports Betting
There are many different forms of gambling, each of which is appealing in its own way. Sports betting is easily one of the most popular of all gambling activities, and there are several reasons why. The biggest is the fact that it's genuinely possible to win money if you know what you are doing.
Of course, it's possible to win money in any form of gambling. This is the very point of gambling after all. However, there are certain advantages that sports betting offers over other forms in this respect. We detail some of them here by comparing sports betting to two other hugely popular gambling activities: casino and poker.
We also look at some of the other benefits of sports betting as well. If you're not sure whether sports betting is right for you, then this article might just help you decide.
Comparing Sports Betting & Playing Casino Games
With many forms of gambling, you are largely reliant on luck, and losing is more likely in the long run than winning. Casino games are a prime example. They can be a lot of fun, and there's plenty you can do to improve your chances of winning, but the house edge means that the odds are always ultimately against you. Even though you can minimize this edge in some games by learning the appropriate strategies, you will never be able to gain a true advantage over the house.
With sports betting, you can actually gain an advantage. There's still a house edge of sorts in that bookmakers set the odds in their favor, but it's possible to overcome this edge if you bet smart. If you can combine your sporting knowledge with proper betting strategy, there's absolutely no reason why you can't come out ahead. It takes a fair amount of work, and a lot of patience and discipline, but it can definitely be done.
Comparing Sports Betting & Playing Poker
Sports betting isn't the only form of gambling where you can consistently win money without relying on luck. The same is true for poker. It's widely recognized that poker involves more skill than luck, so if you become skilled enough to beat your opponents regularly, then you can expect to turn a profit.
There are potential downsides, however, in that there's nothing to stop your opponents from improving their skills eventually enabling them to beat you. There's also no guarantee that you'll always be able to find weaker opponents willing to play.
These downsides don't exist in sports betting, because you aren't competing against other bettors. Your only opponents are the bookmakers, and technically you don't have to be more skilled than they are. You just have to be skilled enough to find good betting opportunities with some degree of regularity.
One problem you could run into is that you win so often that a bookmaker decides not to take your bets anymore. However, there are enough bookmakers around, and you should always be able to find one willing to accept your business.
Number of Betting Markets
The sheer number of markets is a major benefit of sports betting. Most bookmakers these days not only cover all the major sports, but many of the less mainstream ones as well. This means there are plenty of opportunities to get a bet on, which in turn means more chances to make money.
With so many markets, you can also be very selective about which wagers you place. One of the hardest skills to master in sports betting is having the discipline to only bet under the right circumstances. This would be difficult if there were only limited markets. However, there are thousands of betting opportunities available each and every day, making it easy to find a suitable one.
Availability of Data
To give yourself the best chance of identifying suitable betting opportunities, you'll have to spend time carrying out some research. Studying form, statistics, and other information can really help you when it comes to finding good bets to place. You have to put in effort for it to be an effective tool, and you have to be able to interpret the relevant data, but the results can be very positive.
The good news is that there's a load of data available: another significant benefit of sports betting. Just following the mainstream news can be very useful, because many sports get a lot of press coverage. This can help you keep track of current form, player injuries, and other factors that affect results. There are also plenty of online resources where you can find useful statistics that can be analyzed to provide insight into likely outcomes.
Ease of Getting Started
The final benefit to mention is the simple fact that it's really easy to get started with sports betting. There is definitely a lot you need to know if you want to be truly successful, but the basics are pretty straightforward.
You can learn more about some of these basics in our next article in this guide about the mechanics of sports betting.
Author: Brad Johnson
Updated: March 2015
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