The Facts: Sports Betting
Know the facts. Don't fall for the myths. It will help you gamble responsibly and stay in control.
Myth: `Knowledge ensures success.’
Fact: Unforeseen events always play a part in the outcome, however extensive a person's knowledge.
Myth: `Betting with the majority increases my chances of winning.’
Fact: Firstly, the majority of bettors lose money. Secondly, the payout rate is a direct function of how the majority bets favourites pay out less than long shots.
Myth: `If I wear certain clothes, or perform certain rituals, I’m more likely to win.’
Fact: These actions make no difference to the outcome.
Myth: `If I place more bets, I’m more likely to win.’
Fact: Buying more tickets increases the number of opportunities to win, but doesn’t improve the odds. It also increases the cost of playing and therefore the amount you are most likely to lose.