Myths and reality of Value Betting: what a novice bettor needs to know

Despite many sports fans knowing a lot about betting even if they personally never tried it, there are still tons of myths about the odds and the sportsbooks. Some people actually believe them without doing any research, yet, it only requires seeking objective information and using legit, best-rated bookmakers to make proper bets with minimal risks. Here’s an overview of a few of the most popular, debunked theories about value betting.

Sportsbooks may ban those who win too much

Any bookmaker is making money out of their betting markets. Some platforms have experienced users that bet really often, and commonly win a lot. And at the same time, there’s people who don’t succeed that much. The thing is a sportsbook will get their payday regardless – bettors may win or lose, but the site will be able to cover its operating costs either way. 

This explains why a bookmaker has no reason to block people’s accounts for winning a lot. If most of their bets are successful, it won’t affect them in any way – only reasons to ban a user could be cheating or fraud attempts, which is prohibited everywhere. 

The bettors could not be right

Surely, a basic sports fan that is barely into some discipline and that never does any research on the team and event they plan to bet on, will most likely lose. But this has nothing to do with the ‘public are always wrong’ narrative – there’s much more to betting than just being a simple enthusiast.

It is necessary to watch out for news, league tables, recent scores and injury reports of the teams that you’re interested in. Betting requires acknowledging tons of information that impacts the outcome of a match. Sometimes, the result turns out completely unpredictable – it leads to understanding that bettors could not be always right, yet they cannot be always wrong, as well.

Popular teams are the best option to bet on

There are lots of teams which are considered ‘better’ – sure, they might have some trophies and high scores, yet they tend to get injuries, fail due to the squad’s composition or wrong strategy and be affected by other factors, such as weather during the match or the low motivation level, just like any other group.

Again, it is worth it looking through the recent results of the opposing teams to decide which is better to wager on. Not only the scores matter, but the strategy, the quantity of cards, fouls they’ve got as well as the reputation of their previous rivals.

As you can see, there’s a lot of misconceptions about betting. No need to believe them blindly – trust verified sports news agencies to gather data and make your decisions.