The founding pillars of betting in sports take us to the US that offers comfort beds to companies to capitalize all sorts of possible market influences, sports being very recent. To bet on teams winning the house an unprecedented amount of money is what this whole slot game is based on. To win is bliss, to lose is a disaster.
Sports’ betting is extended to legal and illegal means that rope in all kinds of possible win-lose or guess work contests and matches, thereby, not just being limited to the sports arena. There can be betting for award shows, matches, reality shows or political elections, let alone all other fields that can be explored into. But why are we really betting, well it brings in a lot of money if you win. However, it can land on you as a crash if you lose, preferably because a lot of companies bet in a whole lot of money into it. Let’s say the risk-taking strategy is on the belief that we always have a chance to win and that it’s always worth a hit.
But is it that transparent?
Numerous companies betting almost half of their company value just for a match or so can’t all be betting on their luck. If I choose to risk my life earnings on something, I’d make sure it’s a calculated risk. While some companies are open to hire in the best set of strategy providers with exceptional idea on sports analysis and statistics, it’s only safe to consider that there exist a similar set of companies who would do otherwise. Popular controversies have revealed a chain of people and companies dealing in match fixing or point shaving just so there winning is assured. To people falling into the trap, it’s only unequivocal that the receipt of an amount of money that’s way higher than the amount they’re playing for is a grand choice.
While a fine set of laws try to shield people of being victims to such high-end betting companies there have been loopholes in private arenas where the government can’t sneak into. To be young and informed about the risks of running into the sports betting industry is a boon. However much it can impact the economy, it’s only fair to have a level playing ground for all betters. Beyond that, it’s a risk for the safety of the market and the country.