Sports betting offers many possibilities for bettors, from watching your favorite team to having some fun. Unfortunately, it can also be dangerous as it could lead to addiction issues or financial troubles.
Betting on sports can take you on an emotional rollercoaster. To stay calm and avoid costly errors, keep a journal of your feelings and how they impact you when certain events occur. Doing this will help keep the stakes under wraps.
One of the most common ways people lose money when betting on sports is placing compo bets – bets based on emotion. These bets should never be made and should always be avoided by doing your research and thinking rationally.
Another risky habit to develop when betting is on results that do not pan out as expected. This can lead to frustration and disappointment if things don’t go as planned.
Sports and betting often lead to emotional involvement that is linked to problem gambling and symptoms (Gordon et al., 2015; Jenkinson et al., 2018; Raymen & Smith, 2020), although its exact link remains uncertain (Gordon et al., 2015; Jenkinson et al., 2018; Raymen & Smith, 2020). However, the extent to which this may contribute to a symptom profile remains a mystery click site.
Despite these limitations, emotional involvement with sports and betting has been shown to be a characteristic feature of both non-athletes (Gordon et al., 2019) and athletes (Jenkinson et al., 2019). We sought to determine whether athletes exhibit more emotional involvement in sports betting than non-athletes and whether this was related to their status as problem gambler, number of DSM-V criteria experienced, or symptoms experienced within the last 12 months.
According to our findings, participants with higher rates of emotional involvement were more likely to fall under the symptom category of problem gambling and experience more DSM-V criteria in the past 12 months. These data support previous work on athlete-specific risk factors which indicated sports bettors exhibit high levels of emotional involvement with their teams and players (Gordon et al., 2018; Jenkinson et al., 2019).
Furthermore, emotional involvement with sports and betting was associated with false beliefs (e.g., overestimating a team’s ability to win or overestimating player chances of getting sent off) that can be linked to problem gambling and symptoms experienced within the past 12 months. These incorrect perceptions are believed to play an important role in developing sports betting related problems (Russell et al., 2017)
