Bad Beats in Sports Betting: What Are They and What Are They Worth?

There are many types of bad beats in sports betting. Sometimes, you might win a bet and then, all of a sudden, your team loses. Other times, you might place a bet on a game and then the other team commits several bad moves that cost them the game. In both situations, you lose. But what are these bad beats and how much are they worth? Let’s explore.

Wins and Losses Are Common

Many people believe that a loss is a loss and no matter what happens, you always lose. While this might be true in some cases, it is definitely not true in all cases. For example, if you bet on a game and you strongly believe that your team will win, then you might consider that a win even though the game did not turn out that way. These are usually referred to as win offsets. Essentially, the oddsmakers think that you have a good chance of winning and, therefore, they give you the point or margin of the win. This could potentially be worth a lot of money if you are able to collect on this bet.

Not All Losses Are Created Equal

Another common mistake that people make is believing that all losses are the same. While this might be true in some situations, it is certainly not true in all situations. Just because your team lost a game, this does not mean that you should automatically lose money on the same bet. Depending on the type of bet, the situation, and how you played the game, the loss could be substantially less or more than the original stake. For example, you might have put up five dollars on a race and you lost, but because the other team’s player injured a key player in the game, the damage was more than your five dollars, costing you fifteen dollars in damages. In this situation, you would not necessarily lose the five dollars that you staked on the bet because the injury to the key player was a direct result of your team’s loss. Even though the injury was a direct result of your team losing the game, it is still permissible to win the bet since the injury prevented the other team from completing a certain task which they were otherwise able to complete under normal circumstances. This is why, in these situations, people will often ask if a loss is a net loss or a net gain. Ultimately, the key is to always focus on the positive aspects of a situation and not the negative aspects. When you do this, it usually results in more favorable outcomes for the person making the positive approach.

No One Will Surprise You

A final mistake that people make is being caught off guard by a sudden loss. Many times, you will put down a bet and then the other team will perform an unexpected move that makes sense in the context of the game but is totally unexpected by you. For example, in a college basketball game, you might see a player stand in the free throw lane for a long time before they shoot. You would not necessarily expect this type of behavior from them and, therefore, you have not prepared yourself for the possibility that they will make this move so, in this case, you would lose since you did not account for this possibility. This is why it is always a good idea to keep an open mind about the outcomes of a certain game since it is seldom that the predicted outcome comes to pass. And when it does, it is usually for a good reason and there is always an explanation for it. The important thing to keep in mind is not to get too attached to one outcome or another since this will only serve to cloud your judgment and hurt your betting experience in the long run.

What Are the Major Differences Between Them?

There are a few major differences between wins, losses, and bad beats in sports betting. First, you cannot have a bad beat when the game ends in a tie. Second, an injury that prevents a player from participating in the game is considered a bad move. Third, if you have a straight winnish bet and you lose, the odds will normally not reflect the result of the game, but they will take into consideration your bets on the game. Fourth, in a few rare situations, winning a bet on a horse race can be considered a bad beat since the winners’ names do not normally appear on the Totality of Trading Results slate. Lastly, with regard to all these situations, you cannot recoup your winnings since the money that you won is considered damages and, therefore, offsets are applied. These are some of the basic differences between these various types of bad beats in sports betting.