Common Myths about Sports Betting

Popular sports betting myths

Last updated on May 31st, 2022

Sports betting has been a hobby, and even a career, for millions of people for decades, if not centuries in its primitive form. This length of time has built a ground for several myths to not only take root but also develop in a bettor’s mind.


There are a lot of superstitious wagering beliefs that many people believe, and it affects them greatly when they make a bet.  These kinds of myths are taken seriously simply because they ‘sound right,’ or it has been a known belief for a long time.


Although some beliefs are accepted since it gives an explanation when losing stakes, others are simply just that—myths. 


New to sports betting? Read this and be a professional bettor in no time


Most common misconceptions in betting on sports online


     1. No one wins in the long run

This is one of the most popular betting myths. You can find a lot of bettors who can confirm this. But there’s a handful of punters who actually managed to do the exact opposite of this belief. 


Luck is a part of betting, just like any venture. But betting on luck alone is reckless and unsustainable in the long run. Winning money and becoming a successful bettor are attributed to far more tangible things like betting experience. And gaining this and learning profitable strategies is one advantage of long-term betting.


     2. It’s easier to win with a large bankroll

Truth be told: earning a profit using a large bankroll is just as hard as betting with a small one. The reality is, if you’re betting with a massive amount of money, the risk is actually much bigger. 


It’s not how big your fund is but how you manage your bankroll. You can also get the big profit you want without going beyond your budget by using this fixed profit strategy.


     3. Bookies can always be relied on

Bookmakers can actually help predict a match result correctly. However, people are still the ones operating behind online sportsbooks. Like the rest of us, they can also make mistakes and create inaccurate estimations or data. 


That’s it’s recommended to have different bookmakers so you can compare odds and see which one reflects the game the most.


     4. Going with your gut feeling is an effective strategy

Following your gut isn’t necessarily a bad idea, but sports bettors often put too much trust in their instincts. This kind of strategy doesn’t always work in sports betting. Bettors should always combine their intuition with accurate information as well as other betting tactics to make better decisions.


And some hunches are also deeply rooted in traditions. So check if you’re unknowingly believing a few of it:


Red casino | Lucky bets | Famous superstition in betting


  • Red is lucky. This is a commonly used trait especially among Chinese people, who believe wearing the colour red will bring them good luck as it’s the colour of prosperity. Interestingly, in some casinos in Macau, there’s even entire teams decked out in red, which are portrayed as lucky rooms.
  • Itchy hand. Traditionally originating from Bulgaria and Serbia, the itchy hand has different meanings depending on where you’re from. The Bulgarians believe if you have an itchy right hand it’s bad luck. Meanwhile, the Serbians are of the belief that if your left hand is itchy it’s a sign good fortune is on its way.
  • Unlucky Number Four. While it appears a strange one on the surface, as most people see 13 as the unluckiest number, this certainly isn’t the case in Japan, where number four takes the cake. The reason for this is due to the word for four sounding similar to the word for death in Japanese.

     5. Bettors are more successful if they bet on multiple sports or leagues


While it is sometimes true that betting on more than one sport can help maximize your opportunities, it’s important to first be knowledgeable on one sport before deciding to place bets on another. 


Focusing on one sport helps in familiarising its terms, rules, etc., which can further help you be successful in betting. Check these guides and choose your first sport to bet on:

Squash those popular sports betting myths from your mind and be on your way to becoming a successful bettor! Log in to your account now to enjoy next-level betting with the best online sports odds in the market, or register if you don’t have an account yet.


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