Misconceptions About Online Betting

With the increase and spread of the internet, many of our day to day activities have become overly dependent on it. In many cases, it has also stepped into some arenas which until a few decades back were strictly offline in nature. Online betting is one such area which is becoming increasingly popular by the day.

Those who are acquainted with the process even prefer online betting over offline betting, while some refuse to accept its benefits due to some prevalent misconceptions about the way things work online. While the internet can be a scary place, with cons and scams galore with bizarre conspiracy theories doing the rounds about it, most often than not, they are bizarre myths and not true. Here are the ten most common misconceptions about online gambling- debunked.

1. Nobody wins

The most common misconception that people have about online sports betting is that nobody ends up winning. This is wholly untrue for both online sports betting and gambling as, though there is a concept of someone losing their money for someone to gain it, betting essentially functions in a way that someone gains something. So, this idea baseless as it cannot even be remotely confirmed.

Nobody Wins in casino
BBC

2. You might get cheated

Though it is true that a lot of fraud websites are present on the internet, which provides sketchy payment schemes and procedure, a genuine site will most definitely ensure that that is not the case. It is very important to read the terms and conditions very carefully, before placing a bet, to ensure that you are comfortable with their policy.

hacker with laptop
insidehighered

3. Online betting websites aren’t safe

Online betting websites are about as safe as online shopping websites. It is very important to do your research about the reputable websites available. Most well-known and credible websites will have clear details provided about their secure money transfer details and will redirect to a secure web page when it comes to deposits and withdrawals. It must be kept in mind that your device can also be protected from malware and virus with antivirus and anti-hacking software. This makes online gambling quite secure.

website not safe
eff

4. A special strategy beats the system

This holds as much ground as a superstition does, in case of offline betting. It must be kept in mind that betting primarily is a game of chances and no clear system has yet been discovered, that is able to beat the house. Oddsmakers and casino games use complex algorithms and real-time data to set odds.

casino games algorithms
wikipedia

5. Developers and agencies track you

It is quite common knowledge that by using house edges, the developers and agencies make enough money to really bother about the performance of individual bettors across multiple platforms. The only information available to them are generic ones like your player tag and bank balance. They are wholly unaware of your identity or your location.

anonymous on laptop
wallpapersite

6. Online betting is illegal

Though it is true that online betting is illegal in some countries, in more than 70 countries it is not. Legitimate betting companies require proper approval to be registered and functional. It is absurd to think that the services offered by a recognized and approved website can be illegal.

online casino benefits
sunugalitalia

7. Online gambling leads to addiction

It is not fair to put all the blame of gambling addiction on online betting only. It is as necessary to set a limit for yourself in offline betting as in in the online version. Knowledge and information is also key. Say for example some is placing bets on Roulette, he/she must know about the workings and the myths about roulette, to be able to make a fair bet, which gives him/her a chance to make a profit. The same goes for all other types of sports betting or online.

gambling leads to addiction
healthyplace

8. Your money/identity will get stolen

This is also in fact quite incorrect. Genuine online bookmaker and casinos go through several rounds of data privacy tests, to ensure that your data is encrypted and secure. The only chances of your information being stolen are if the website gets hacked, but the chances of that happening are incredibly slim. There are also ways in which you can increase online safety by changing your password regularly.

online fraud
multichannelmerchant

9. Online betting is complicated

Most people tend to believe that online betting is a complicated process but in fact, it is extremely easy. All beginners have to know about are wagers, deposit money and the play. Some sites even offer trial money to beginners. Internet banking has made the process easier and bets now can be made anytime from anywhere.

Misconceptions About Online Betting
everymatrix

10. It’s easy for kids to gamble online

This again is mostly a misconception as though it’s technically not impossible for a kid to gamble online, it will not be easy at all. Just like an underage person can gain entrance into a bar or a casino by using fake IDs, underage people can also make accounts of online sites but for they would have to be extremely cunning and devious as the top betting sites are all regulated and licensed, with a very strict age policy.

kids to gamble online
thesun

Now, with these common misconceptions out of your mind, go enjoy a round of online betting, if you’d so far been interested but skeptical about it. But always ensure that the site is genuine, has a proper payment policy and that you agree to all the terms and conditions provided by them.