Sports’ betting is such a fun activity, right? You just have to put an event to wager on, make a choice and then put your money down. That isn’t a tough task at all, is that? It seems a piece of cake but making money from it isn’t! “SPORTS BETTING IS NOT A LOTTERY TICKET”. While many people take it sincerely who think of making fortunes from it, there still are some who think of it as a source of their entertainment. A sport betting is the most widely spread form of gambling and the biggest gambling industry in existence but still, a sport betting isn’t exactly gambling, but just a form of it which is played on both amateur and professional level, wagers are placed both legally and illegally, have a look at this one.
LEGALITY: Is it really worth it?
Throughout history, sports’ betting has been claimed as unethical and deviant and it still isn’t socially acceptable activity in many places like the United States where the Supreme Court of United States lifted the ban on sports betting on May 14, 2018.
But there exist places like New Jersey, New York, Nevada, Delaware including others where Sports Betting is legal. In the United Kingdom, it is legal with no restrictions imposed at all.
Then there are places where it is legal but just to some extent just like in our country, India. A Non-Human contest like Horse Riding and events like lotteries are legal. Casinos are legal but in selective states which include Sikkim, Goa and Union Territory of Daman & Diu.
In Mexico, it is legal but has an age restriction, where you need to be 18 and above for betting legally. So, it is a purpose that is different for everyone behind getting into sports betting. That purpose can be earning money, or entertainment or satisfaction or anything else!
Risks and benefits
Sports’ betting is a form of gambling after all and all forms of gambling involve risk. No safe bets can be placed by a gambler. Winning is never guaranteed as sports are ultimately just too unpredictable. As “SPORTS BETTING IS NOT A LOTTERY TICKET” loss of money is the biggest risk but what’s worse than that is an addiction and the fact that it can cause a range of negative emotions but some people don’t fear of losing money as they consider it as their source of entertainment, so it varies from person to person that how an individual perceives Sports Betting.