My big question today Is Sports Betting Safe? The Sports Betting industry in Kenya is blossoming and mushrooming each day. Whereby, despite adept measures and involvement of the lawmakers, concerned activists, and even in the reality of stories told from the horse’s mouth, 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 to their predictions. Not to mention, according to the Africa Uncensored, Kenya has the third-largest gambling market in Africa after South Africa and Nigeria.
On one hand, for those financially stable, the Sports Betting has not only become part of their livelihood but its part of what pays them. While on the other, those unlucky enough would pour their daily hard-earned money in the eloquently addictive game of predictions.
If I may ask is Sports no longer fun? I totally recall how I was a Staunch Football fun until recently I just came to a realization that it has all become business.
We’ve heard stories or some of those involved in the Sports Betting gamble either make it while others are shuttered and reduced to subjects of poverty confused and mentally destabilized individuals.
What Is Sports Betting?
To enumerate, in the digital content industry, Sports Betting is the activity of predicting particular sport results and placing a wager on the outcome. However, the Sports Betting norm in the world of Mental Health and Psychology Wellness is termed as Gambling. For a long time, Sports Betting was not widely popular.
Basically, the advent of cheap mobile telephony and high-speed internet has seen an explosion of interest in sports betting. Not to mention, some of the betting individuals find themselves affiliated to the norm as a result of desperation and lack of alternatives to their livelihood.
For instance, Kenya has the third-largest gambling market in Africa after South Africa and Nigeria. And since the clock is still ticking, only God knows where the Sports Betting industry is headed.
Remarkably, the Sports Betting industry in Kenya has the highest number of youth between ages 17-35 engaging in gambling in Sub-Saharan Africa.
During the World Cup season, the Sports Betting industry was at its peak booming not only in Kenya but within the East African Nations.
How does Sports Betting work?
We can state that betting started long ago 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 not only become a hobby but a dependent job for most of the youths. But, this is critically dangerous since betting is fully dependent on probability. And if you wish to take it as a dependent income generating task you should be bold enough.
Reportedly, there is an uncontrolled thirst for money that 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.
Different Types of Sport Bets
There is little doubt that betting on sports is one of the biggest and most popular forms of gambling in the world.
But, there are a number of different ways you can create action wagering on the games. Most sports fans are probably familiar with the most basic bet in sports; the straight bet.
Single Betting or straight bet is when you predict about one party and your bet fully depends on that party (team) to win. It is also the most common wager placed by sports bettors. Especially, when it comes to sports such as football and basketball.
A betting line is set, which is often referred to as a point spread, and you can either bet on the favorite and 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 in order to cash-in.
The underdog has to win outright or lose by less than the point spread 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 a number of selections but all the selections must win to have a return.
The winnings on a multi bet are calculated by placing a sum of money on the first selection. Then again, it’s multiplied by the third, fourth, the fifth e.t.c. to give the final possible payout. And in particular, these bets have the highest pays but give 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, in order to attract more clients, some betting sites give space for bonuses if a good number of the teams selected wins.
The betting categories include;
- 1X2 Betting
- Double Chance
- Draw No Bet
1. 1X2 Betting
This is the most common type of betting. To get a payout, you have to correctly predict the game’s full-time result.
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 bigger. 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 that eliminates the draw from the available selections. If the game in question ends without a winner, your stake will be returned.
- correct Score As the name suggests you have to predict the correct scores for both teams.suprisingly in this you get a good payout if you get it correct.
- Both Teams to score also called Goal Goal. Both teams to score’ (BTTS) is another top football bet, which is used as a base for many others and various promotions too. 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 the fate of gambling. Elima’s winning experience created a great 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.
Is Sports Betting Safe?
Betting has made a great impact on 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 the availability of cheap high-speed internet, many youths can bet from anywhere at any time.
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 which makes sports betting convenient since bettors can bet in the comfort of their homes.
The growth of the betting industry has seen a number of betting sites such as Betway sports rise giving users various sites to bet on. The most popular sports betting is football, basketball, boxing, and hockey. 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 really amped up when you have money on the line.
2. Raised living standard
Betting sports has changed some lives from poverty to millionaires. There are many youths who have won over 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
When it comes to paying for entertainment, sports betting is way cheaper than bowling or other activities. You get more money especially on those days that you win your bet.
The fun in sports betting becomes even more when you make a correct pick.
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 with sports betting, it 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 that you have to follow, and time for you to participate in them. 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 normally occurs when someone continues gambling despite the negative ramifications impacting their relationships, finances, and well-being. And apart from Sports Betting being addictive, it is also affiliated to other major internal and external personal life sturs.
Including, bankruptcy, forced sales of homes, increased unemployment rates, poor mental and physical health among individuals and their families as well. And also, continued betting affiliation could lead up to check forgeries, money rounding, fraud, increased in drugs & substance abuse. Other negative effects of sports betting include;
First off, family problems become the order of the day. Studies have revealed that nearly all compulsive gamblers in the world 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, chances are 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 in any way 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 will use their debit cards, credit cards to pay internet gambling groups or casinos. As a result, meeting daily needs will become a challenge.
The person starts incurring debt to solve their needs in the hope of repaying once they win. Even if it happens that one wins in their gambling activities.
They will still use the money to gamble even more in the hopes of earning 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. In effect, the gambling problem can result in other grave consequences such as severe debt, failed relationships, and loss of jobs.
With financial problems, relationships will definitely 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 are all bearing the burden of problem gambling in society.
The children of someone addicted to problem gambling equally suffer;
- To begin with, when either of the parents is consumed in an 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 the children. If not, the children will feel the tension in their parents and start getting distant.
- Last but not least, these children stand a higher risk to experience their own addictions in their future lives.
What are the Signs of Gambling Addiction?
Some signs include preoccupation with gambling, 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 and that is when gambling becomes problematic. It is obvious that the addicted person will suffer during 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.
According to you, is sports betting safe? Feel free to share your views, contribution, and additional thoughts in the comments section.
When you place a wager in a team even if it is not your team, you will support that team throughout the game. There will be some excitement.
Just remember that when betting, 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 with your relations at work, hinder promotions, and eventually lead to loss of jobs.
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