The biggest risks of betting on sport is pretty obvious. First of all, it involves real money to be put on the line and there is the risk of losing it as well. Even when you bet on big teams, still there is no guarantee that you’ll get that “W”. Sports are so unpredictable. Unlikely results in a game are not possible and they oftentimes happen regularly.
A good example for this would be the 2015 Rugby World Cup when South Africa is an “away” team in Japan. South Africa had been crowned as world champions twice while Japan never had won in a world cup match. Not until 1991. And to call this as a mismatch was totally an understatement. South Africa was not expected to win but they’re guaranteed to win the game effortlessly.
No One Sees it Coming
Simply speaking, the odds of Japan winning South Africa were 1.05. Meaning to say, if you wage 20 dollars, you’ll get a dollar if you won. Obviously, this is not a good return for your bet but surely, betting on South Africa was the safest bet you can have. For sure, you have an idea on where this is going. Perhaps, this was one of the most unbelievable events in Rugby history after Japan beat them by 34 to 32.
This is a clear example of an outcome no one, like no one really ever expected. Though, this serves as one of the highlights reel of Rugby history. This only states that there’s no “safe bet”. There are bets that are safer compared to others but to say that a wage will win isn’t a guarantee.
Every wage has risk associated with it. At the end of the day, sportsbetting is another form of gambling and all types of gambling involves risk. However, it is important that you keep yourself aware that it is inevitable to lose when you bet on sports.
Accept the Reality
And whether you like it or not, this is the harsh truth of sportsbetting. Bookmakers always have the edge over customers. It’s because they are the ones who are setting the lines and odds. They are extremely good doing this in a way that it makes it hard for customers to make money in the long run. While it is possible to win handful of bets, still turning it into a living is hard. Always apply this when playing in PKV games.