Popular Myths About Sports Betting

If you have visited the Malaysia online sports betting sites, you know how betting can be fun and exciting, especially if you are winning. Nonetheless, the betting industry is surrounded by myths, and unless you research and get the right information on betting, you will always be among those people who believe the myths. The myths have developed over the years, and some people can never believe what they are told, particularly when they think it is not valid. Let’s debunk some of these myths below.

You can never win money when you bet on favorites

This myth is false because the bettors are the ones who adjust the lines. Sometimes the bettors are not right, and although it may take some time, you can make money on favorites. If you are a smart bettor, you will know when to take advantage of the small adjustments in the favorites’ lines, and you may win when you bet on them.

The public is never right

When games get labeled as public bets, most times, there is usually an outcry. People believe that you will definitely lose if you go with the public side because the opposite side is much sharp. This is untrue, and there has not been any proof that the teams with more bets will lose. Every side has a fair chance of winning, and it is upon you to calculate which team has a high likelihood of winning than the other.

Games are usually fixed

This myth has been very popular among the public. Fixing games means rigging games by determining which team will win before the game even starts and ensuring that the team wins either by bribing coaches, managers or doing other dark tricks to impact the game’s outcome. The myth is untrue, and very few players are capable of influencing the game’s outcome. Fixing a game can cost a lot of money, and most players are never interested in doing that because they may risk getting caught and losing the opportunity to play in their teams. There are rumors that games have been fixed in the past, but there is no substantial evidence to prove this.

Bookmakers use sports betting to launder money

Most governments are against money laundering, and if caught, the institution would face criminal charges. There are strict limit policies in place by regulation bodies that ensure every individual bet is tracked, decreasing people’s ability to focus on match-fixing and laundering money through betting sites.

Always follow what tipsters say

Tipsters are people on the internet who have specific knowledge and analyze games, often calculating bookies’ predictions and giving tips to people online. Although tipsters can be right some of the time, most of them lack the decent skills and accurate knowledge to analyze games keenly. Therefore, following some of these tipsters may lead you to lose a lot of money, and if you choose to chase the losses while still getting information from the tipsters, you get yourself in a bottomless hole.