Never placed a bet on something like that and wouldn't recommend to do so
Ask yourself this question: What can I do to be able to beat this market ? Is there even a chance to beat this market, when a machine calculates the outcome and you don't know how this is done ? And if you (or everyone) knew how it is done, where is the point in a bookie offering such bets ?
I am not a fan of Casinos, but you are better off spending your money there, because you will lose less
In terms of losing money, I think what really matters is how much a person spends on certain activities rather than what one actually does. So it can be betting on sports, SRL, playing slots or crash. I don't spend much money on gambling, but I'm okay spending a bit and sometimes losing a bit.
For those asking about how this works: Game devs are putting lots of data about the real teams into their program and then run a simulation at a scheduled time (I believe it's even possible to watch them online on a website like
this). They offer odds to the bookies, which then allow to bet on the outcomes of such events. Sportsbet.io offers betting on some SRL games, that's where I placed my bet. In terms of it being provably fair, I actually had the same question, but I think they are not (and I'm not sure it's even possible to make them so). Then again, I don't think they are a scam.