People either enjoy playing or simply watching sports like football, basketball, cricket, baseball, tennis, and many more. And wherever you are in the world, you will find sports. It is something that is part of many cultures and it’s easy to understand why. Whether you’re playing or simply watching, it can be thrilling and exciting.
While sports alone can already be very electrifying, people found that there is still something that could improve it and this is sports betting. It is a form of gambling that adds more value to any sports, especially for the ones who are only watching and following matches or sports leagues.
Some even take betting seriously. Take as an example the upcoming Indian Premier League (IPL). The VIVO IPL 2021 won’t start until April 9, but people are already looking forward to this that they already have the best IPL betting app on their phones. They are also frequenting prediction sites to better strategize on the bets that they will place. They follow the latest news and updates and anything else that might affect the matches. This is how serious they are when it comes to betting.
Sports betting has become so popular that many are not just looking forward to sports leagues anymore. Last year, despite the challenges caused by the pandemic, the global sports betting industry was still able to reach a market size of over 200 billion USD. This number is poised to get bigger in the coming years.
Now, what makes sports betting so interesting to many? Well, there are a few reasons for this and here are some of them.
A Great Way to Show Support
Many who bet on sports are big fans of certain teams or athletes. For them, this is a great way to show their support to their favorites. Usually, fans are casual sports bettors, but they still contribute to the growth of the industry.
Even if they only place their bets when their favorite teams are involved, this still helps bookies and the local economies. Many would even suggest that casual bettors could contribute to the growth of particular forms of betting like in-play or live betting.
Such a form of betting is still only huge in European countries and countries like the United States are fairly new to it. Since causal bettors would only place bets if their team is on, they are most likely to engage in live betting.
It’s a Form of Relaxation
Some studies suggest that gambling could be a coping mechanism for stress. It could provide a temporary escape from uncomfortable feelings or situations that could cause anxiety. It’s similar to how gaming works for many.
For people with winning bets, their brains would release feel-good chemicals known as dopamine which could give them genuine happiness. Even without these scientific studies, you can just ask a punter about why they gamble and they will most likely say that it is their way of relaxing and that it is simply a fun activity for them.
However, it still shouldn’t be forgotten that irresponsible gambling can lead to anxiety and depression. Always know your limit when placing sports bets. Know that you don’t have to place a bet on each match of the season if you want to profit from sports betting.
Competing Can Be Social, Thrilling, and Exciting
A study found that at least one out of five punters admit to betting on sports because they enjoy competing with family members or their friends. At least 2 out of three bettors also listed that one of their important reasons for betting is the friendly competition that they have with others.
With that, sports betting has become a social activity and gambling companies know this. There are now bookies that allow you to share your bets or wins on social media sites like Facebook. This could start a conversation online with the people you care about who are also into betting.
It is also likely that there are people who started to get into this activity so that they can bond with their friends or family. Typically, friends or family who placed bets on a certain match would come together to watch the whole game.
People Can Win Some Extra Cash
Another reason why sports betting is appealing to many is because of money. Sports betting can be profitable if done responsibly and the right way. However, know that many of them lost a lot of money from this.
If you want to profit from this activity, you should place logical bets. You can be a fan of a certain team and wager on them from time to time, but serious bets should rely on the team’s current stats and standing. Never place a bet when you’re emotional because it is likely that this is a time when your decision-making skills are clouded.