How did sports betting begin? Where did it start, and who thought of it? Much as we would wish to provide answers to these questions, the truth of the matter is, that no one knows. What exists as answers, are just but theories. While there are people who believe that sports betting started in ancient Greece, others argue that the art began earlier than then. Despite the lack of accurate answers, we have every reason to believe that sports betting is as old as organized sports events, and it has, over time, developed into a big industry. Literally, millions of people bet on sports today (as of 2018). While some people do it regularly, others occasionally bet, and for different reasons.
There are several reasons for sports betting, with winning money being the most obvious. Let’s look at the potential benefits of sports betting.
Even though sports betting carries risks, (you have to wager your money), it presents an excellent chance to win cash; colossal cash, as a matter of fact. What makes this form of gambling different from others, is the fact that players don’t have to solely rely on luck to win bets. Think of placing your wager on the roulette table where fate is the sole determinant of the outcome. In sports betting, the story is entirely different, since the results are not generated randomly. All you need to win is to apply the right approach.
If you’re betting to assess your ability to make accurate predictions, then you’re doing so to gain satisfaction. It is all about putting your knowledge of sports to the test. Yes, winning money is good, but it is not the driving factor here. To people who bet for satisfaction, nothing feels better than getting their predictions right.
If you’re not betting for money or satisfaction, then rest assured it is to have fun or for entertainment. People who bet for entertainment are referred to as recreational bettors, and just like those who gamble for satisfaction, winning is not their motivating factor. To them, winning or losing is not an issue, but fun is everything.