Sports betting become high risk for the gamblers despite the profits

Among the different gambling in the gambling industry the sports betting is the one of the biggest profitable gambling that earns huge profits. Recent research shows that the number of people who is interested in sports betting is increasing since there is a fake or illusionary report that there will be huge profit for the gamblers who gamble in the sports betting. There are many sports like foot ball, basket ball, and cricket in which gambling is very common in these days.

The highest percentage of community interested in sports gambling is young generation who wants to make huge profits from less investment. The recent research in Australia has reported shocking news to the Australians that there are more number of young generations overtaking the adults in losing lot of money in gambling than in alcohol and drugs.

The common strategy in sports betting is the book maker will deal with the money completely and in the case of high and low income in the betting the bookmaker will back up the betting since the bookmaker makes a lot of profit when the game faces high income. More over the sports betting always has earned huge profits and the growth of sports betting is going up in Australia.

But the new risk in sports betting is that the punter who pays for betting places money on the bet and when the punter wins the odd then he or she earns a lot and if the punter loses the bet then he or she has to lose more. Win more or lose more is the current situation for the punters who are interested in sports betting in Australia.

Actual situation is that if the bet wins more than the money placed by the punter then the punter can take more profit and on the other hand if the punter’s stake loses then the punter has to lose more than the original loss of the bet. The punter becomes responsible to pay more than the actual loss.

The punter can decrease the maximum win and the maximum loss which is already set for the betting but the punter can’t change the concept that says win more and lose more as per the margin of the betting.

PointsBet is one of the famous sports betting company based in Australia who welcomes this concept and they are planning to make PointsBet sports betting in US also. The Chief Executive of PointsBet Mr Sam Swanell says that this will attract more gamblers in to the sports betting industry and there will be great increase in the sports betting market in Australia. He added that though it is a new system, lot of efforts has been taken to discuss, analyze and finally we brought it out.