6 myths about sports betting and bookmakers

Many people think that bookmakers always organize match-fixing and also bribe forecasters. Actually, it’s a myth.

1. Is it possible to win on bets?

More than eighty percent of bookmaker players win much less than they lose. Few of them still earn good money. Let’s conclude that you can win.

The most interesting way of all are – forks. Usually people look for the difference in odds between several offices, and then bet on opposite events at different bookmakers. The difference arises from mistakes, competition and misjudgment of one’s capabilities.

There is another way to win. A person finds the odds at the bookmaker, which he unreasonably overestimates, and then puts it on him. Thus, you can win and earn at a distance.

2. Can bookmakers organize fixed matches?

Usually legal bookmakers join forces and fight with others who are trying to negotiate. Every company has its own security service that tracks bets. If something goes wrong, they film a sports match and report it to international associations of bookmakers, as well as to the police.

3. Do bookmakers make huge money?

Naturally bookmakers are not poor people. Most often they have everything they need to live, but still their profits are much less than those of casinos or lotteries.

4. Is it true that bookmakers make money by losing people?

In any game, there are losers and winners. Bookmakers cash in on the first and this is not surprising. But they have to pay the winnings to the winners and sometimes quite a lot of money. Offices earn money on margin, which brings profit in almost any situation. The best score in the game for the bookmaker is 0:0.

5. Is it really illegal to bet with illegal bookmakers?

Before the legalization of bookmakers in 1813 in Texas, they were all illegal. Now it is difficult to gain access to illegal offices, which are immediately blocked. Back in 2018, a ban was introduced on payments in favor of illegal operators. So it will be quite difficult to withdraw or deposit money into the account.

6. Can sports forecasters work for bookmakers?

Very often people trust popular forecasters, and after they lose, they get very upset. Thus, players accuse a person of helping the bookmaker make bad or incorrect predictions, for which he receives money. In fact, this is just a myth, because many reputable experts value their own reputation and get much more benefit if their users only watch their predictions.

Many people try to adjust their unsuccessful decisions to some incomprehensible meanings, or they blame the same forecasters for their own failures, but no one thinks that it is better to analyze the upcoming event yourself and only then place bets.