Author: Kathleen Camilla

Protecting Yourself from Sports Betting Scams and Fraud

Wagering on sporting events is a thrilling pastime that can provide hours of amusement and, in some cases, a financial windfall. Yet, fraud and other dishonest dealings are unfortunately inevitable in any transaction involving money. As unfortunate as it is, the sports betting industry is not immune. Scams and fraud can defraud bettors and steal their personal information.

Top Three Practices to Help Protect you from Sports Betting Scam and Fraud

Here are some practices that can help protect you from sports betting scams and fraud:

 

Research the Sportsbook

Before placing any bets with a sportsbook, research its reputation and history of payouts. You may learn a lot about the sportsbook’s quality by reading reviews online and listening to consumer feedback.

 

Stick with Reputable Sportsbooks

Pick sportsbooks licensed by trustworthy bodies just like UK Gambling Commission or Malta Gaming Authority.

 

Be wary of too-good-to-be-true Offers

If a sportsbook is offering promotions or bonuses that seem too good to be true, it may be a red flag for a scam.

 

Avoid Giving Out Personal Information

Be cautious about providing personal information to sportsbooks, especially if they are not well-known or reputable.

 

Conclusion

 

Strategies To Place Bets on Sports

There are several techniques available, however if you’re new and just getting to know the world of sports betting, these are some fundamental sports betting pointers to have in mind. The following tips are ready to help you to make bets wisely and efficiently.

 

Manage your money 

Know how to manage your money, how much bet are you willing to risk. Allocate a specific bet amount to each bet based on the amount of money you have allotted for sports betting so that you don’t blow your bankroll in one bad betting day. Some advise putting around 1 and 5 percent of your money at stake with each wager.

 

Be skeptical

You don’t have to wager on every game. Wise bettors estimate  their possible selections in accordance  to their level of confidence before choosing which are worthwhile bets 

 

Consider Place of event

The setting of the game can greatly affect how it turns out. Some teams do well at home while others underperform when they play away from their home court.

 

Get the best odd

Gaining the best odds for your prediction is essential for sports betting success, which calls for timing the bet placing, whether betting prior to or after the line moves.

The Nature of Sports Betting 

Prior to sports betting becoming legal in the US in 2018, which made a noise with $13 billion wagered legally in 2019, and made sports enthusiasts enjoy wagering on their preferred games and teams. Thus, the most notable thing about sports betting is that it is enjoyable, which it has always been. 

There are a number of  ways to place a bet on sports, but they all basically revolve around making an assumption about what will happen during a game or event and placing money on the likelihood that it will.

 

Favorites & Underdogs

Favorite and underdog are two of the most commonly used terms in sports betting, and they refer to the two possible outcomes of a bet.

Favorite is described as which team, side, or result that has the greatest chance of succeeding or transpiring. The reward from placing a bet on the favorite is lower because there is less risk involved.

On the other hand, the probability of the underdog winning is lower because there is more risk involved when betting on the underdog, the payout is bigger.

 

Pick or Pick’em 

Meanwhile, pick or pick’em is a term used to describe a situation when the odds are equal for both teams and both have an equal probability of winning.