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Sports betting has been a popular gambling activity in Malaysia for many years. This allows fans and bettors to show support for their favourite teams and players from different sports disciplines. Apart from this, online sports betting in Malaysia presents the opportunity to earn a profit, with some even winning thousands or millions when their wagers hit.
However, despite being an integral part of the sports sector in the past decade, many misconceptions exist surrounding sports betting. This leads to many people doubting whether betting on various sports markets is worth it.
So, to set the record straight, here are some of the most common myths about sports betting and why they’re not true.
Sports Betting is Not Profitable
Gambling, in general, is a big risk, as losing money is the norm in the industry. However, saying that sports betting is not profitable is just not true. While it is normal for sports bettors to lose their wagers from time to time, countless sports betting enthusiasts make a profit every single day. These people are usually highly knowledgeable about the sport they’re betting on and can develop a strategy that increases their chances of winning.
Sportsbooks Always Get it Right
Another typical myth about sports betting is that bookmakers have inside information on how a particular game will transpire. However, sports betting is mainly about predicting what will happen as games aren’t fixed. Hence, oddsmakers also anticipate the possible outcome based on different factors, including stats, past results, and team composition.
You Need to Be a Sports Junkie to Win
While it is true that having profound knowledge about a sport can be a game-changer, it is not necessary to be a sports junkie to win in sports betting. Learning about the odds and doing adequate research can be enough for you to make informed wagers without spending much time getting yourself familiar with the team or player.
There is No Risk-Free Betting
As stated, sports betting involves a lot of risks. However, that does not mean that risk-free betting is non-existent. Countless sports bettors use different methods to ensure risk-free wagers. This includes arbitrage betting, which allows them to have an assured profit as they bet for all possible outcomes on other betting platforms. There are also many who take advantage of bonuses and promotions to place bets without taking anything from their budget.
Always Bet for the Favorites
For rookie sports bettors, betting for the favourites might be enticing, especially if bookmakers give them a significant advantage over their competitors. However, it is not always recommended to bet on the favourites, as upsets are normal in sports. Research the history between the teams and players, as it can give you much information on who might come out on top after the match.
It’s All About Luck
Yes, luck plays a significant role in many people’s winnings. However, relying solely on chances does not guarantee long-term success in sports betting. A reliable betting strategy will go a long way if you are interested in making sports betting another source of income. After all, odds are always affected by public opinion, and it gets more accurate as the match nears. So, it is not recommended to let destiny choose whether you win or not, especially if proven strategies exist.
Conclusion
With sports betting in an online or live casino in Malaysia becoming more accessible, people must learn that the common myths surrounding sports betting are invalid. This would allow them to have the best sports betting experience, enabling them to strategize their wagers while having fun alone or with their peers.
And if you are looking for a reputable online casino in Malaysia to place sports, then CM2Bet MY is for you. We have various sportsbooks that offer competitive odds in different sports disciplines, including football, basketball, and motorsports. We also have various classic casino games that you can play at home. Register now at www.cm2bet.com/my to get started today.
