Sports betting and gambling are different. But both of them are very controversial topics. Most people think that betting is bad, but besides potential dangers, it can offer some good opportunities too. I will present the dangers of sports betting and will try to show the good and bad parts of it.
Table of Contents
Is sports betting good or bad?
This question itself makes you assume, that sports betting can have bad sides and effects on your life.
I think we all know people who were/are addicted to sports betting or gambling.
Some of them can visit betting shops on a daily basis and place an accumulator bet with a stake of 0.5 euros.
Is sports betting bad in this situation?
If that person can earn 1000-1500 euros a month, is it bad to enjoy betting and spend 15-20 euros a month?
Based on my opinion, it depends on multiple things. If you ask me, it’s a way better decision than spending it on alcohol or tobacco.
I think it’s not the right approach in every situation to form a general opinion about this topic.
The problem with sports betting and gambling activities are way more complicated.
When are sports betting and gambling bad?
The real negative side of these activities comes when you can’t control your feelings and acts.
Most activities similar to gambling can have good side effects, like happiness and avoiding being bored. But this is true until a certain level.
I think if you are a recreational sports bettor to a certain level, it is okay. Nobody should blame you for it.
But where is the limit?
The disadvantages of sports betting:
- Hurting your financial future
- Spending too much time betting
- Bad emotional state
Losing everything on gambling
I think the financial part is one of the most obvious. Almost all of us know people who struggle financially because of gambling and betting addiction.
The adrenaline rush you can feel while betting can make you dependent.
After a certain level, the only thing that can cause this happiness and intensified emotional state is increasing the stakes and the risks.
Bettors who don’t know any profitable strategy, like the ones based on mathematics, will lose in the long run.
It’s the sad truth. If you are playing after the rules of the bookies, you will lose all of your money. The odds are including their profit margin.
No matter how good your winning streaks are, if you are using their basic odds, the profit margin will destroy your capital.
Bettors who are constantly wagering will notice that from time to time they need to deposit money again. The lucky ones can stop their activity if the loss is getting significant.
But for some of them, the greed and the fear of not recovering the losses kick in. In this situation a lot of them start to deposit more and more until the moment they lose everything.
Unfortunately, it’s not uncommon to borrow money from friends and family to proceed with betting.
Spending too much time betting
For some people, this problem might not seem so serious. But I need to mention it. No matter if the bettor is successful or not, sports betting can make you spend too much time on it.
If you are a professional gambler with real experience, spending 8-10 hours a day can be normal. Doing this for a living can function as a job, so that amount of time is acceptable.
But what about bettors who are losing and still staying in front of the computer or phone just for betting? Well, it is a certain level, where you have to decide if it is healthy or not.
No matter if you are a professional or not, avoiding friends and family for sports betting is not good. I was in this situation for a long time.
It took me years until I realized that I’m working too much (as a sports bettor for a living).
If you are too obsessed with this activity, spending 10-14 hours with betting could seem normal.
But is it acceptable to be unable to think about anything else other than betting?
I think that is the right moment to start changing the way you think about your job.
Emotional effects of sports betting
If you have placed at least one bet, you should already know what I’m thinking about. Avoiding every emotion while waiting for results is almost impossible for most of us.
I’ve been betting for a lot of years. Earning money in this industry made me learn how to control my emotions. But after a certain level or stake size, there is no way to remain calm.
Becoming nervous and impatient after a loss is almost inevitable if the risks and stakes were too high. In this state of mind, some people are hard to tolerate.
This bad state of mind can influence your sleep or can even cause headaches.
Does sports betting have a good side?
In certain situations, sports betting can cause happiness and even financial freedom. I hope we all can agree that both of these are acceptable as a good side effect.
You probably already heard about professional bettors who can make a living from sports betting. Happy news for you: It is fairly easy to make money from sports betting.
The only thing you should learn is the basics and techniques that includes mathematics.
It might sound hard, but don’t be afraid. You don’t have to be a math mastermind.
They are offering bonuses and also bad odds, overpriced markets. Both of these are creating good betting opportunities for smart bettors.
In this article, I won’t present them, because I already have a bunch of free information on this site.
These strategies can make sports betting good for anyone.
The advantage of betting strategies is the guaranteed profit and the caused sense of success.
The dangers of sports betting
1. Getting too emotional
Too much emotion can ruin even a good betting strategy. Losing too much can make you nervous.
Wanting to recover the losses in a short time can easily ruin your bankroll. Placing bets in a bad state of mind can lead you to human errors.
Being angry is a big disadvantage in sports betting. You will use a bad staking system and wrong bets too.
2. Becoming addicted to winning
Gambling addiction is a serious problem these days. Losing too much can motivate you to recover the money.
As I already mentioned it can have serious consequences. But a winning streak can cause addiction too.
If you are lucky enough or you know a good strategy, winning a big amount can happen sometimes.
The feeling it is causing sometimes can be addictive and dangerous.
3. Using a bad staking method
Even the best betting strategy can be ruined by a bad money management system.
Sticking to the wrong staking plan has a big chance of keeping your ROI (return on investment) down.
Even simple flat staking (placing the same amount on every bet) can be better than placing bets with inconsistent stakes.
4. Spending too much time betting
As I already mentioned, if you are betting for too long, it can affect your health and social life too.
Even for professional bettors, limiting your working hours to 9-10 hours a day might be a good idea.
5. Following a bad strategy
You can find a lot of tips and tricks on the internet about “successful betting systems”. Most of them were created to attract readers or get your money.
Following one of these can cause you massive losses.
Strategies based on mathematics and probability calculation are the easiest and sure ways to make money with betting.
The following strategies are tested and proved to be profitable:
6. Following bad tipsters
Some tipsters are very talented. They can make you good profits in the long run. But unfortunately finding them is not easy.
Not all of them are offering a sustainable quality in tips. In the following article, you can read my opinion about tipsters.
For a lot of people, sports betting can cause serious addiction. If they are not following a proper strategy, betting can have bad results on their financial and personal future.
Sports betting can be dangerous if you can’t control yourself. Running into a losing streak is not a reason to start panicking. In betting it is very common to lose and to win massive amounts in a short time. It has other dangers too that can affect your life.
Ruining your financial future and personal life are not the only disadvantages of bad sports betting techniques.