Facts or Fiction in West Virginia Sports Betting – It wasn’t long ago when people talked about sports betting with negative connotations. Fast forward to today and you will hear people chatting about online sports betting as their side hustle to earn some “green”! The rapid influx of technology popularized and made the sports betting industry accessible.
Still, there are a lot of myths and facts about sports betting that confuse newcomers in the industry. Learn the following facts and myths about WV sports betting before signing up and betting actual money with a sportsbook!
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Facts and Myths in WV Online Sports betting
Although there are still some arguments over the aggressive marketing of online sports betting in the US, people keep indulging in such activities to have fun and earn money. Due to that, a few facts and myths have gotten mixed leading to immense confusion that we will clear below.
Myth: Controlled Sports Gambling Isn’t Addictive
Fact: While it’s true that controlling your spending can help you manage your online sports betting activities, it doesn’t necessarily prevent you from getting addicted. It can be highly addictive because even a single big win in the sports betting industry can trigger extreme pleasure in your mind.
That way, you could experience irregular levels of dopamine and if that keeps happening for a longer period, it could result in a serious addiction.
Myth: Bookmakers Make Money While Bettors Lose
Fact: That’s only true in some cases, not all. It’s best to consider the downsides of online sports betting before getting into the industry. You will hear a lot of people saying that only bookmakers make all the money and bettors only lose theirs.
Nearly anyone can make money from online betting if they have the required betting knowledge and skills. It takes time to learn online sports betting. However, profit opportunities exist at all times no matter what sport you’re talking about.
Myth: It’s All Luck in the End
Fact: Randomness and luck are notable factors behind a bet’s outcome. However, it doesn’t mean you should start placing blind bets based on hunches. You can end up losing a lot of money that way and besides, it’s a myth. Calculating outcomes, applying statistics, and referring to old sports betting records help you get closer to winning.
Frequently Asked Questions
Still looking for more info? We’ve compiled a list of FAQs – check them out!
What are the negative effects of uncontrolled online sports betting?
Uncontrolled online sports betting can lead to bankruptcy, severe debt issues, and depressive mental health.
Why is online gambling such as sports betting so addictive?
When you win a sports bet, it gives you pleasure because your brand discharges different levels of dopamine based on your happiness and excitement. That’s why it’s so addictive.