What are some top football betting myths you’ve heard?
The football betting market is a huge one, with an equally massive following. Many football fans bet because they love this sport and of course, for the earnings.
While most bettors have lost money wagering on matches and trading the unstable waters of Football Prediction. There are millions of people who rake in large amounts of money daily, by betting on the same sport.
Football betting is a one-way street and the process if done right is pretty straightforward. However, in spite of the amount of information on sports websites, and online bookmakers’ blogs. People just can’t seem to get their facts straight about betting for football.
Misconceptions about this industry continue to grow. This is why in this post, we will be dispelling some top football betting myths.
Check this out: Why You Need A Football Betting Site.
24 Top Football Betting Myths Dispelled!
These are 24 top football betting myths dispelled. We have listed out each misconception and the actual truth behind them.
1. Bookmakers Fix Matches
Bookmakers are interested only in the marginal value they can get from a winning bet. Therefore, they don’t fix matches as there is no benefit for them from doing so.
Additionally, most bookmakers work with regulatory organizations that have a fixed odds policy, which means that the odds are predetermined.
2. There’s No Profit In Betting
There are millions of bettors in the world who constantly win money daily by betting on football.
Football betting is a game of wins and losses, some days you’ll lose money, and other days you will.
3. Profits Can’t Be Made In The Long-Term
There are professional bettors who have made a living with football betting. They prove that profits can be made over the course of a long-term betting career.
4. Sportsbooks Have Inside Tip
No, they don’t. Sportsbooks create odds and adjust the lines to make action 50/50. They do this to reduce risks, so they even out both sides of a bet.
No sportsbook wants to take a gamble on losing millions a one-sided bet, so they equally drive stakes down the middle.
5. Using Professional Tipsters Are A Safe Way To Win
Professional tipsters no doubt have some of the best tips and strategies in the football betting market.
However, their predictions or tips are merely to guide you, not influence your betting decision.
6. Fixed Odds Generate Fewer Rewards
Fixed odds have no variation on the payout, which means the profit or loss is fixed.
Since the process behind this odd is straightforward, there is no evidence that shows that fixed odds won’t yield any rewards for you or the bookmaker.
7. There Is No Risk-Free Betting
It is possible for bettors to experience risk-free bettings. To avoid risks, skilled bettors simply use matched or arbitrary bettings.
These bets enable them to earn money using betting bonuses, free bets, and marked odds differences across betting platforms.
8. Bettors Deserve To Always Win
No, they don’t. Going into football betting with the mindset that you deserve a win after a string of losses is what causes you to chase bad bets.
Losing is a part of football betting and winning comes from a smart strategy, not luck or merit.
9. The Public Is Wrong
Experienced bettors who feel that they are smarter than other bettors, often go against betting the public.
They prefer to side with sharp money because it is a sure bet. But, Sharps don’t always give correct wagers.
Do thorough research and go against the sharps if you want, even if 65-70 percent of the bets are on the home favorite.
10. Online Football Betting Is Illegal
While online betting is illegal in some countries in the world, this situation has no significant bearing on how football betting is viewed by the rest of the world.
Football betting has been legalized in the USA, UK, Nigeria, Australia, South Africa, Hong Kong, and Europe.
Read also: Sports Betting in the UK.
11. You’ll Win More If You Bet More
Wagering more money because you want to secure a bigger payout is a myth that will leave you with empty pockets and a string of bad losses.
If you truly want to win big, work on your football betting strategies and place smarter bets.
12. The Bookmakers Are Always Right
Bookmakers are not always right, their predictions are not the ultimate and can be wrong.
What bookies are good at is providing lower-than-fair value odds that boost your winning chances.
Them being experts at this, doesn’t make the geniuses, they too are always working with past and current information, like you.
13. Every Bookmaker Offers The Same Odds
This myth is completely wrong, as different bookmakers cannot have the same set of odds.
Bookmakers are competitive and they all want to be the ones to provide the odds that are favorable to bettors and also allow them to retain a window of winning opportunities.
14. Online Bookmakers Ban Bettors Who Win Often
The only thing bookmakers do is monitor the account of bettors who start winning frequently.
If it becomes too much, they impose a limit on such bettors to maintain a losing window, and to ensure function and sustainability.
Should the bettor be found guilty of cheating, with concrete evidence against them, then the bookmaker will suspend or ban the punter.
15. It Is Difficult To Win Betting On The Favourites
There will always be upsets in football, which means bettors will add to their bankroll due to a favorite not living up to their potential.
However, this doesn’t mean that you should now bet against the favorites in order to outsmart the oddsmakers and win money.
16. Pick Services Win Bettors Lots Of Money
Pick services help bettors make informed decisions, but they do not in any way guarantee that they’ll win big.
Instead, use these services to compare your own picks. Always research and gather information, so that you don’t lose money because of other people’s mistakes.
17. High Betting Odds Don’t Work
High-odds betting do work, and is just as risky and unpredictable as low-odds betting.
But, with proven winning frequencies, odds, and market techniques you can still win them.
18. Odds Are Irrelevant, Wins Are More Important
Odds matter in football betting, and it is not every time that winners win their game.
Instead, focus on selecting odds that are proven to boost your chances of winning and earning more.
19. Sportsbooks Are Out To Get You
Contrary to what you think, sportsbooks don’t care if you win or lose. What they care about is how much money they can make and this isn’t determined by one bettor.
Sportsbooks want you to keep winning because if you don’t win then you might stop betting.
The more you win, the more likely it is that you’ll keep coming back to their site.
20. Over Betting Is For Dumb Bettors
Although most people focus on under, because things are more likely to go right for a team than wrong, that doesn’t mean that you should ignore the over.
Overbetting is a good play for numerous reasons. Maybe it is a serious injury to a team’s defense or favorable weather conditions that will help their offense score.
Read: Sports Betting Trends You Need To Look Out For In 2022.
21. Backing The Better Team Is A Good Bet
What really matters in football betting is the research you are doing. A team’s record isn’t always a key determinant of who is most likely to win a match.
Analytics surrounding point differences and efficiency ratings are more important to you than the number of wins and losses on a club’s record.
Use thorough research, and data points you used to predict outcomes successfully in the past to build your football betting strategy. This way you can decide which team is more likely to win.
22. Sports Betting Is Dependent On Luck
The thought process that football betting is about luck and your fortune is a misleading myth.
Football betting isn’t about luck, and you win based on the odds you back, the market you select, and the betting methods you use.
23. You Must Be A Math Genius To Bet
Most experts like to hammer on the fact that since football betting is based on numbers and calculations, you must be good at math to bet.
Having an understanding of how to use numbers helps you bet on football. Knowing numbers increase your winning chances, but you must not be a maths genius to be able to bet.
24. Online Betting Is Unsafe
There is nothing unsafe about football betting online, this is a misleading myth.
As long as you use a verified bookmaker that is licensed and recognized, you have nothing to worry about in terms of betting online.
Only bet on websites that are licensed. Any site you don’t understand their operations, don’t use.
The football betting industry is transparent and has no hidden agendas that take advantage of bettors.
We hope that this article on top football betting myths dispelled has cleared your misconceptions.
Related:
How Do I Make Money From Football Betting?
5 Things To Look Out For When Researching For A Football Bet.
