In the last two decades or so, the meaning of sports has changed, not just in India, but around the world. Sports are no longer restricted to the events happening on the field – spectators now have the chance to take a bigger role in the events by engaging in online betting.
Online betting gives normal people like you and me the opportunity to bet on the outcome of an event and win money if our bets are accurate.
Since winning money is an integral part of betting, many bettors now consider this activity more than just a pastime. Some bettors completely rely on profits from betting as their primary source of income. But is online betting to earn an income actually possible, or just for the pros? We will explore that question deeper in this article.
Online Betting as a Source of Entertainment
Online betting is an exciting hobby primarily because it is affordable and available to everyone. Players can start online betting with as little as a few hundred rupees. This enables you to have a good time without spending a fortune.
Moreover, online platforms are designed to provide a seamless experience, ensuring that players can enjoy the best gaming environment from the comfort of their homes. With advanced technology and user-friendly interfaces, these sites create an immersive experience, allowing you to focus on the thrill of the game without distractions.
Also, the learning curve when it comes to online betting is negligible. Online betting is a relatively simple hobby to get started with. You can place simple bets without much prior knowledge – and then you can place more sophisticated bets as your knowledge of betting grows. This gives players a feeling of advancing within their hobby and becoming more skilled at it.
Another reason that makes online betting a great pastime is the convenience it offers. You can enjoy the thrill of betting from the comfort of your home. The only important thing that aspiring bettors must remember is to only use trusted betting sites, as there are plenty of scam sites on the market as well.
Research has shown that betting releases endorphins and has the same effect other games have on your brain. Therefore, betting also helps to relieve stress.
So now that we have gone over what online betting is, let’s talk about what it’s not.
Online Betting – A Reliable Source of Income?
Online betting is increasingly being viewed as a means to earn money and is even being touted by some people as some kind of a get rich quick scheme.
While online betting does give players the potential to win money, making consistent profits is very unlikely and certainly not for everyone.
Betting is a game of knowledge. The more you know, the higher your chances of making a profit – and betting sites have got a lot of knowledge and data which allows them to fix the odds in accordance with their best interests.
So, if you are looking to make consistent profits betting online, you need to know more than the betting sites do – at least about the sports you are betting on.
To shed more light on the idea of online betting as a source of income, we spoke to Mr. Tomesh Kulkarni, chief editor of MyBetting.in, an online portal that aims to inform the wider Indian public about online betting.
Q: Mr. Kulkarni, thanks for agreeing to speak with us. Let me start with a broad question: is it possible to make money betting online?
TK: Yes, it is absolutely possible to make money betting online, however, most people will not make money with online betting, and will in fact lose more money than they ever manage to win. Contrary to popular opinion, it is actually very difficult to make consistent profits via online betting!
Q: So why are so many people attracted to the idea of making money with online betting?
TK: Well, I guess we are all attracted to this idea of making easier money while sitting at home on our couch. Of course, this idea is a pipe dream. To become proficient at online betting, a player would have to put in hundreds of hours of work and will likely lose a lot of money before he becomes profitable. There is nothing easy about it!
Q: How important is it for you to make profits when online betting
TK: Honestly, winnings from online betting are not a source of income for me. Online betting is something I use as a way to entertain myself and the winnings do add to my pocket money. However, the outcome of betting is highly unpredictable, and it is not advised to gamble with more than you can afford to lose.
Conclusion
The conclusion of this article is that online betting is a possible, but unlikely source of income.
If you wish to earn money betting online, you will need to invest hundreds of hours of your own time (and money) into becoming a professional bettor – then you may have a chance of earning money.
One thing is for sure: making money with online betting is not easy or fast. But it’s a really fun hobby that most people can explore at a very low cost!
