My big question today is just one, and it has everything to do with Online Sports Betting. Is it safe? The Sports Betting industry in Kenya is blossoming and mushrooming each day. More so, despite adept measures and involvement of the lawmakers, concerned activists, etc. Even in the reality of stories told from the horse’s mouth. But, unfortunately, nothing seems to stop this virus.
From one street corner to the other, both men and women make themselves comfortable at their favorite joints waiting for the final results of their predictions. On the one hand, for those who are financially stable, Online Sports Betting has become part of their livelihood. But it’s also part of what pays them. While on the other, those unlucky enough would pour their hard-earned money in.
They are slowly swallowed into the eloquently addictive game of predictions. If I may ask, is Sports no longer fun? I recall how I was a Staunch Football fan until recently. I just realized that it has all become business. We’ve even heard stories about how some of those involved in the Sports Betting gamble end up. And it’s pretty heart-rendering. Some of them will either make it, yes!
While others are shuttered and reduced to subjects of poverty, confused and mentally destabilized individuals. So, what is online sports betting in general?
Getting To Know What Online Sports Betting Entails For Beginner Gamblers
To enumerate, in the digital content industry, Online Sports Betting is the activity of predicting particular sports results and placing a wager on the outcome. However, Gambling is the Sports Betting norm in Mental Health and Psychology Wellness.
For a long time, it was not widely popular. Primarily, the advent of cheap mobile telephony and high-speed internet has increased interest in sports betting. Not to mention, some betting individuals find themselves affiliated with the norm without even knowing. For instance, according to Africa Uncensored, Kenya has the third-largest gambling market in Africa after South Africa and Nigeria.
Some result from desperation and a lack of alternatives to their livelihood. And since the clock is still ticking, only God knows where the Sports Betting industry is headed.
The Sports Betting industry in Kenya has the highest number of youth between the ages of 17-35 engaging in gambling in Sub-Saharan Africa. During the World Cup season, the Sports Betting industry was at its peak, booming in Kenya and East Africa.
How Does Sports Betting Work?
We can state that betting started long before our forefathers were born or even before the announcement of the birth of Jesus. At around 2300 B.C., the Chinese invented a game of chance using tiles, and 1100 years later, Greek soldiers amused themselves with dice games. Whereby they enjoyed Greece gambling despite being illegal in ancient times.
In today’s world, sports betting has become a hobby and a dependent job for most youths. But, this is critically dangerous since betting is entirely reliant on probability. And if you wish to take it as a dependent income-generating task, you should be bold enough.
An uncontrolled thirst for money could dump you into unresponsible gambling antics. Don’t be driven crazy by the promising possible payouts exceeding your capacity, for things are not as always easy as they seem.
There is little doubt that betting on sports is one of the world’s biggest and most popular forms of gambling. But you can create action wagering on the games in several different ways. Most sports fans are probably familiar with the most fundamental bet in sports; the straight bet.
Single Betting or straight bet is when you predict about one party, and your bet entirely depends on that party (team) to win. It is also the most common wager placed by sports bettors. Especially in sports such as football and basketball, a betting line is set, often referred to as a point spread, and you can either bet on the favorite or give up the points.
Or place a bet on the underdog and get the points. The favorite has to win the game. But by more than the set point spread to cash in. The underdog has to win outright or lose by less than the point applied to “cover” and win the bet. Ties in this situation are known as a “push,” and no money is lost or won.
As for Accumulation Betting, also called the Multi Bet, one bet requires several selections, but all the choices must win to have a return. The winnings on a multi-bet are calculated by placing money on the first selection. Then again, it’s multiplied by the third, fourth, fifth, etc., to give the final possible payout. And in particular, these bets have the highest pay but provide a higher probability of losing.
A good number of teams can win as predicted, but the moment one of the selected teams loses, the bet is lost. In that case, to attract more clients, some betting sites give space for bonuses if many teams are set to win. Learn more about Singles Betting Term Meaning, Multi-Bet Betting Term Meaning, and Different Types of Sports Bets for more helpful information.
The betting categories include:
- 1X2 Betting
- Double Chance
- Draw No Bet
1. 1X2 Betting
This is the most common type of betting. You must correctly predict the game’s full-time result to get a payout. For example, it’s Arsenal against Chelsea – Arsenal is considerably the home team(1) while Chelsea is primarily the visiting team(2). The (x) usually stands for a draw. And if you select 1 Arsenal wins, the odds for Arsenal are multiplied by the amount you placed, and you win. Whereas, if the teams draw or Chelsea wins, you lose.
2. Double Chance
Just like 1X2 betting, here you can choose from three selections, but the outcome probability is way more significant. Sadly, the odds are significantly lowered. That’s because different outcomes are grouped in couples. For example, if you wish to predict that Arsenal will win or both teams will draw, you would place(1X), meaning one or draw.
3. Draw No Bet
Draw no Bet is a football wager eliminating the draw from the available selections. Your stake will be returned if the game ends without a winner.
- Correct Score As the name suggests, you must predict the valid scores for both teams. Surprisingly, you get a good payout if you get it right.
- Both Teams’ Scores are also called Goal-Goal. Both Teams to Score (BTTS) is another top football bet used as a base for many others and various promotions. You may choose between ‘Yes’ and ‘No,’ and your bet will be settled, depending on whether both sides manage to find the net before the final whistle.
- This field has a variety of menus. The most used is over/under 2.5. This means that the total scores at the end of the game should be-be between 0-2 for under but 3 and above for over. The same applies for 1.5,3.5,4.5 e.t.c.
- Half-Time/Full-Time sports betting has raised the standards of some Kenyans instantly. Elima Khanaita, a winner of Ksh. 22 million is one of the many Kenyans who can testify to the fate of gambling. Elima’s winning experience created a significant impact on his family.
Different betting sites have come up with other categories, e.g., Home win GG, Half time correct score, Home win under, etc. You can read and learn more about What is Gambling? or even checkout on the List of the Best Betting Sites in Kenya.
Is Online Sports Betting Safe?
Of course, the big game is approaching, and you think you’ve got the winner picked. Your friends are placing their bets, and you want in on the action, but is it safe to bet online? The short answer is both yes and no! On one side, not all online sports betting sites are created equal, and you can lose more than just a few bucks. So, safety and security checks should be your number one priority.
Betting has significantly impacted people’s lives, both positively and negatively. With a wide range of popular betting sites and technology, youths can avail themselves of betting materials. And also, with readily available betting shops, cheap mobile phones, and cheap high-speed internet, many middle-aged kids can bet from anywhere at any time.
Related Topic: Drug & Substance Abuse | How Do You Help The Addicts?
Sometimes a single team has its full-time results contrary to how the gambler had predicted, and thus the whole bet is lost. This can lead to frustration and depression to high stakes and has even claimed the lives of several youths. Sports betting is increasingly gaining popularity across the entire globe. This is partly because of the availability of the Internet.
Eventually, this makes online sports betting convenient since bettors can bet in the comfort of their homes. The growth of the betting industry has seen several betting sites, such as Betway Sports, rise giving users various sites to bet on. Football, basketball, boxing, and hockey are the most popular sports betting. Below are some of the benefits of sports betting;
The main reason that most players get involved in sports betting is for entertainment value. Watching live sports is fun, but the rush and excitement can be exciting when you have money on the line.
2. Raised living standard
Betting sports has changed some lives from poverty to millionaires. Many youths have won millions in cash and still counting through a single lucky bet. For instance, Elima Khanaita is an example of the many lucky winners who have raised their living standards through betting.
3. Cheap Fun
Regarding paying for entertainment, considering a gambling platform such as https://slotjoker123terbaru.
4. Convenience Value
There are a lot of favorite hobbies that are great, but you can’t play them every day, maybe because they are too expensive or they are too tiring, and so you cannot play them every day. But online sports betting is an affordable hobby that you can play or watch and enjoy every day.
5. Getting Started is Easy
Some hobbies require so much regarding the equipment to be used, rules you must follow, and participation time. This can be challenging, especially if you don’t have the time and resources to commit to it.
What Are The Downsides Of Betting?
As can be seen, Sports Gambling is fast becoming one of the addictions that cut across all ages in society. In the United States, for instance, it is estimated that around 10 million people are living with a gambling addiction condition.
This addiction typically occurs when someone continues gambling despite the negative ramifications impacting their relationships, finances, and well-being. Still, apart from Sports Betting being addictive, it is also affiliated with other significant internal and external personal life sturs.
Including bankruptcy, forced sales of homes, increased unemployment rates, and poor mental and physical health among individuals and their families. And also, continued betting affiliation could lead to check forgeries, money rounding, fraud, increase in drugs & substance abuse. Other adverse effects of sports betting include the following;
First off, family problems become the order of the day. Studies have revealed that nearly all compulsive gamblers worldwide often have issues with families at home due to this addiction. Yet again, financial devastation is a sure deal! Gambling is not an assured deal where you place your bet and win. When you place your life’s earnings on such odds, you may lose it.
But it gets worse when this becomes a habit. Most people do not know it until they are bankrupt. This is because such gamblers will go to the extreme of ends to get the money they need for gambling. Eventually, the person will resort to desperate measures, which are out of character. Stealing and taking large loans to satisfy gambling addiction is not helpful.
Chronic Problem Gambling
By all means, anyone addicted to problem gambling can get a new lease of life if they sought help. For those who do not, compulsive gambling can lead to devastating ramifications. Most people use debit or credit cards to pay for internet gambling groups or casinos. As a result, meeting daily needs will become a challenge.
The person starts incurring debt to solve their needs, hoping to repay once they win. Even if one wins in their gambling activities. They will still use the money to gamble even more, hoping to earn more. It is through such engagements that they lose all they had.
Hiding Only Helps To Delay Solutions
Those who struggle with a shopping or gambling problem often hide their issues due to shame plus the need to maintain secrecy. This one does not help them but delays treatment and recovery. The gambling problem can result in other grave consequences, such as severe debt, failed relationships, and loss of jobs. With financial problems, connections will be damaged. If you have a family that you can no longer support yet you earn a living, it becomes a concern to close family members.
The Cost To The Community And Government
According to studies, over $6 billion is lost yearly on gambling addictions. The ramifications of this problem are far-reaching and can cause strife in companies and individuals. Public assistance programs, prison systems, and legal systems all bear the burden of problem gambling.
The children of someone addicted to problem gambling equally suffer;
- To begin with, when either of the parents is consumed by addiction, emotional neglect is bound to occur. It can get worse and reach abandonment, including even physical abandonment.
- Problem addiction is often associated with stress and irritability. In most cases, these misplaced emotions are turned on by the children. If not, the children will feel the tension in their parents and become distant.
- Last but not least, these children stand a higher risk of experiencing their addictions in their future lives.
What Are The Signs Of Gambling Addiction?
Some signs include preoccupation with gambling and loss of control over how much one gambles. For example, either time or money and the extent to which people hide gambling. For instance, activity or monetary losses from significant others. These characteristics can impact relationships and one’s ability to follow through on responsibilities, which is when gambling becomes problematic.
The addicted person will suffer from gambling addiction. Nonetheless, the family of that person will also face myriad challenges. The stress being experienced by the problem gambler is likely to result in irritable behavior, arguments, and secrecy. Financial strains will always have an impact on family members.
Someone with a gambling problem suffers several mental health problems, such as depression, mood disorders, and anxiety. Gambling problems, however, can affect more than just mental health. Those who struggle with gambling benefit a lot from getting treatment. Family counseling, as well as financial coaching, is a crucial part of recovery.
Always remember, when you place a wager on a team, even if it is not your team, you will support that team throughout the game. And, yes, there will be some excitement at first. But, once you’re in, it’s tough to come out. In that case, remember that whenever betting online, you should don’t let your emotions determine how you bet.
Research has shown that the loss of jobs is very high among compulsive gamblers. They may either miss work or come to the office highly distracted. In addition, these addictions will interfere even with your relationships at work with your employers and fellow employees. They will also hinder many from career promotions and eventually lead to the loss of jobs.
Resource Reference: Top #10 Sports Betting Rules Every Gambler Should Understand
So, according to you, is online sports betting safe? May it be to or even someone you know? Is it a concern that needs attention? Who would be held accountable? Feel free to share your opinions, views, thoughtful suggestions, contributions, or even questions in our comments section below.
But, if you or someone you know need more support, you can Contact Us and let us know how we can help. Finally, if you loved reading this or any other blog articles affiliated with jmexclusives, don’t forget to share them with your online friends.