Sports betting is increasingly popular, especially among young men. With constant advertising and 24/7 access via mobile apps, it can become a risky habit if not managed carefully.
Features that increase risk
- Live betting (in-person or via telephone) – Fast decisions driven by emotion.
- Multi bets – High payouts but low chance of success.
- Bonus and promotional offers – Encourages more betting than planned.
- Accessibility – Always available, anytime, anywhere.
These features, combined with impulsive betting decisions influenced by peer pressure, stress or emotion, can increase the risks associated with sports betting.
Myths about sports betting
Common myths about continued sports betting include:
- ‘I can predict outcomes with enough research.’
- ‘My strategy improves my odds.’
- ‘If I win once, I’ll keep winning.’
- ‘More bets increase my chances.’
The truth is, sports betting providers continually look for methods to maximise their profits and the chances of winning big are rare.
Safer betting tips
- Avoid betting when emotional or under the influence.
- Stick to a budget and take breaks.
- Understand the true cost of bonus bets and promotions.
- Be realistic about odds – even favourites lose.
Learn more about setting limits(opens in a new window) to reduce risks of experiencing gambling harm.
Regulatory oversight
The VGCCC regulates sports betting to ensure fairness, transparency and consumer protections.
Support services
- Gambler’s Help(opens in a new window) – Counselling, financial support, peer programs and First Nations support call 1800 858 858.
- Gambling Help Online(opens in a new window) – 24/7 online chat and resources.
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