Paper Betting- Would You Consider it if you Were to Start Sports betting Again

TheUltraElite

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Quote from: Natalim on April 10, 2024, 11:01:57 AM

Okay, so gambling without using a real money might be differenet from gambling that you risk a real money, but paper betting* is still very useful to us gambler as we test the water before we actually do gamble. If your result is positive, meaning profitable, that means you are good at choosing the winning bets, but of course it doesn't replicate your actual experience, however, since you have achieve positive result already it is a good sign that you can achieve that when you are in actual gambling, you just have to control your emotion and be discipline all the time.

The difference is that it does not guarantee what is going to happen in the future. You might win or lose some paper bets, but the upcoming bets where you are wagering in real money might not be all wins. Testing the game and all might be one thing but this is what is different from paper trading.

Of course in sports betting where skills are involved they can be like practice bets. I am not sure how much it actually helps though. Most gamblers are just ready to jump in without thinking.

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Quote from: Kemarit on March 15, 2024, 06:07:15 PM

Quote from: Davidvictorson on March 15, 2024, 05:40:00 PM

If you were to restart sports betting again, would consider learning first by betting on paper. This involves selecting 1 to 2 games daily and tracking the outcomes of your picks without wagering real money on a sportsbookie platform.

Quote

Paper betting refers to participating in sports gambling without fronting any money. The idea is to learn the ropes without actually risking real money.
https://www.bettingsite.org/blog/paper-sports-betting-what-is-it-what-are-the-advantages-11569/

It is just like demo trading. Would do it if you were to begin sports betting again or jump right straight into the real thing?

Maybe for beginners, but for those who have been in sports betting for years, I doubt that they will go in this stage. If ever they try then there will be something of a void, something is missing and that is the adrenaline of winning real money here.

Nothing is bad for those who are going to start with paper betting, but this could be just for education purposes.

And as I have said, when we gamble there are a lot of emotions involved. And it can't be replicated in paper betting. The dynamics of betting with real money is very different and it can't be replicated without wagering.

You’re absolutely right that the experience of paper betting differs significantly from real money betting, particularly for seasoned bettors. The thrill of winning real money and the risk of losing it are integral parts of sports betting that paper betting simply cannot replicate. These emotional highs and lows often drive the decision-making process and can significantly influence betting behavior.

For experienced gamblers, the lack of financial stakes in paper betting might make the exercise feel less engaging or even irrelevant. The adrenaline rush and emotional investment when real money is on the line are crucial aspects of gambling that contribute to its excitement and appeal. This is why, although paper betting is a fantastic educational tool for beginners, it lacks the visceral impact and immediate consequences that come with actual betting.

Thus, while paper betting serves as an excellent platform for learning and experimentation without risk, it does not prepare one for the emotional aspects of real gambling, which can only be fully understood and managed through experience with real stakes.

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Quote from: wxa7115 on March 21, 2024, 10:51:08 PM

The idea behind it is the same as demo accounts on trading, if you are planning on turning your hobby into a professional activity then it is a good idea to test your method and strategies without using money at first.

This way if you happened to find a weakness or a problem with it then you will not lose any money because of it, which is not bad, as very often what end ups limiting the chances of someone becoming a professional gambler are the mistakes they make on their early stages, and which do not allow them to make a comeback even when they correct those mistakes.

Yes, that is what is said above. Many are saying that gambling should only be for fun and should not be taken seriously but I think sports betting has an exception here since I already saw lots of professional sports bettors and they can also make more money through their skill by offering a tipping service. To be pro is not easy but it takes lots of practice which can be money-consuming if we do it for real.

It is still more enjoyable or thrilling, and if we are lucky we can also earn a profit. Even if you use demo betting, mistakes are still there. Early mistakes are normal and even professionals can still make a mistake. They aren't totally a disadvantage because it's also the ones that shape us to become better. Once you correct your mistakes, that only means you already made a comeback.

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Quote from: Stepstowealth on April 10, 2024, 11:35:51 AM

Quote from: knowngunman on March 22, 2024, 12:32:56 PM

Quote from: Davidvictorson on March 15, 2024, 05:40:00 PM

If you were to restart sports betting again, would consider learning first by betting on paper. This involves selecting 1 to 2 games daily and tracking the outcomes of your picks without wagering real money on a sportsbookie platform.

Quote

Paper betting refers to participating in sports gambling without fronting any money. The idea is to learn the ropes without actually risking real money.
https://www.bettingsite.org/blog/paper-sports-betting-what-is-it-what-are-the-advantages-11569/

It is just like demo trading. Would do it if you were to begin sports betting again or jump right straight into the real thing?

Is this not a wasting of time? Although it could be a good way for beginners to learn about some gambling strategies without risking money but this doesn't necessarily replicate the emotional aspect of real gambling. The moment real money is involved, people's behavior can not be controlled again. I see it as a waste of time because there is no real money to be won even if you got it right on paper and sports games are not computer based games where you expect the event to repeat itself. Sports games is real life game and it's better you utilize the chance when you can than to draft on paper with no impact.

I see nothing wrong in using paper to practice, because one may do so just to know if this aspect of gambling or betting is and will be a favourable venture once started with real money.

Only the more passionate bettors will be able to understand what it is they are actually doing and be able to explain to anyone interested party because real emotions isn't involved but the knowledge of the game to be bet or gambled on, will be clear and visible during the predictions on paper.

Still, there's much truth in the sense that paper betting might be a waste of time because the betting apps are simple enough to navigate without even placing a bet and even if one just wants to know the final results of matches or games, upon making personal predictions, there are live score apps that tell the results and as such one can know if what they predicted in their mind is sure or not.

It's good for someone who hasn't started b getting real money before as they are learning and analyzing teams and athletes. But if you already tried betting real money which you already learned watching bet pickers because you have cut corners from the beginning then the thrills are already within you. Gamblers always seek to satisfy those thrills.

And the bigger the amount wagered the more satisfying the result for them when they win.

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Quote from: knowngunman on March 22, 2024, 12:32:56 PM

Quote from: Davidvictorson on March 15, 2024, 05:40:00 PM

If you were to restart sports betting again, would consider learning first by betting on paper. This involves selecting 1 to 2 games daily and tracking the outcomes of your picks without wagering real money on a sportsbookie platform.

Quote

Paper betting refers to participating in sports gambling without fronting any money. The idea is to learn the ropes without actually risking real money.
https://www.bettingsite.org/blog/paper-sports-betting-what-is-it-what-are-the-advantages-11569/

It is just like demo trading. Would do it if you were to begin sports betting again or jump right straight into the real thing?

Is this not a wasting of time? Although it could be a good way for beginners to learn about some gambling strategies without risking money but this doesn't necessarily replicate the emotional aspect of real gambling. The moment real money is involved, people's behavior can not be controlled again. I see it as a waste of time because there is no real money to be won even if you got it right on paper and sports games are not computer based games where you expect the event to repeat itself. Sports games is real life game and it's better you utilize the chance when you can than to draft on paper with no impact.

I see nothing wrong in using paper to practice, because one may do so just to know if this aspect of gambling or betting is and will be a favourable venture once started with real money.

Only the more passionate bettors will be able to understand what it is they are actually doing and be able to explain to anyone interested party because real emotions isn't involved but the knowledge of the game to be bet or gambled on, will be clear and visible during the predictions on paper.

Still, there's much truth in the sense that paper betting might be a waste of time because the betting apps are simple enough to navigate without even placing a bet and even if one just wants to know the final results of matches or games, upon making personal predictions, there are live score apps that tell the results and as such one can know if what they predicted in their mind is sure or not.

Natalim

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Quote from: TheUltraElite on April 10, 2024, 10:17:23 AM

Quote from: knowngunman on March 22, 2024, 12:32:56 PM

Is this not a wasting of time? Although it could be a good way for beginners to learn about some gambling strategies without risking money but this doesn't necessarily replicate the emotional aspect of real gambling. The moment real money is involved, people's behavior can not be controlled again. I see it as a waste of time because there is no real money to be won even if you got it right on paper and sports games are not computer based games where you expect the event to repeat itself.

I appreciate your point and indeed as long as no real money is involved the impact of the game is less understood as compared to wagering money on a casino and then eventually losing it. What I feel is that it can make the person aware of how the game works and that is almost everything about it. Paper-trading on the other hand might be something that every trader needs to do in order become a future trader and not someone who goes FOMO.

It may help in diagnosing those who are prone to getting addicted, but I might be thinking longshot, professionals in these fields might have a better opinion about further research.

For some it could be a waste of time because they don't understand what they are doing.

Okay, so gambling without using a real money might be differenet from gambling that you risk a real money, but paper betting* is still very useful to us gambler as we test the water before we actually do gamble. If your result is positive, meaning profitable, that means you are good at choosing the winning bets, but of course it doesn't replicate your actual experience, however, since you have achieve positive result already it is a good sign that you can achieve that when you are in actual gambling, you just have to control your emotion and be discipline all the time.

TheUltraElite

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Quote from: knowngunman on March 22, 2024, 12:32:56 PM

Is this not a wasting of time? Although it could be a good way for beginners to learn about some gambling strategies without risking money but this doesn't necessarily replicate the emotional aspect of real gambling. The moment real money is involved, people's behavior can not be controlled again. I see it as a waste of time because there is no real money to be won even if you got it right on paper and sports games are not computer based games where you expect the event to repeat itself.

I appreciate your point and indeed as long as no real money is involved the impact of the game is less understood as compared to wagering money on a casino and then eventually losing it. What I feel is that it can make the person aware of how the game works and that is almost everything about it. Paper-trading on the other hand might be something that every trader needs to do in order become a future trader and not someone who goes FOMO.

It may help in diagnosing those who are prone to getting addicted, but I might be thinking longshot, professionals in these fields might have a better opinion about further research.

wxa7115

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Quote from: knowngunman on March 22, 2024, 12:32:56 PM

Quote from: Davidvictorson on March 15, 2024, 05:40:00 PM

If you were to restart sports betting again, would consider learning first by betting on paper. This involves selecting 1 to 2 games daily and tracking the outcomes of your picks without wagering real money on a sportsbookie platform.

Quote

Paper betting refers to participating in sports gambling without fronting any money. The idea is to learn the ropes without actually risking real money.
https://www.bettingsite.org/blog/paper-sports-betting-what-is-it-what-are-the-advantages-11569/

It is just like demo trading. Would do it if you were to begin sports betting again or jump right straight into the real thing?

Is this not a wasting of time? Although it could be a good way for beginners to learn about some gambling strategies without risking money but this doesn't necessarily replicate the emotional aspect of real gambling. The moment real money is involved, people's behavior can not be controlled again. I see it as a waste of time because there is no real money to be won even if you got it right on paper and sports games are not computer based games where you expect the event to repeat itself. Sports games is real life game and it's better you utilize the chance when you can than to draft on paper with no impact.

The same could be said about demo trading accounts, but instead traders consider them very useful tools that will allow them to familiarize themselves with most of the aspects real trading will present to them.

So if that is true for trading, I do not see why the same train of thought could not be used when it comes to sport betting, now with that being said, if you have no intention at all to become a professional gambler, and you just like to bet to have some fun, then you could be onto something and this could be a waste of time for that person.

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Quote from: Davidvictorson on March 15, 2024, 05:40:00 PM

If you were to restart sports betting again, would consider learning first by betting on paper. This involves selecting 1 to 2 games daily and tracking the outcomes of your picks without wagering real money on a sportsbookie platform.

Quote

Paper betting refers to participating in sports gambling without fronting any money. The idea is to learn the ropes without actually risking real money.
https://www.bettingsite.org/blog/paper-sports-betting-what-is-it-what-are-the-advantages-11569/

It is just like demo trading. Would do it if you were to begin sports betting again or jump right straight into the real thing?

Is this not a wasting of time? Although it could be a good way for beginners to learn about some gambling strategies without risking money but this doesn't necessarily replicate the emotional aspect of real gambling. The moment real money is involved, people's behavior can not be controlled again. I see it as a waste of time because there is no real money to be won even if you got it right on paper and sports games are not computer based games where you expect the event to repeat itself. Sports games is real life game and it's better you utilize the chance when you can than to draft on paper with no impact.

YOSHIE

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Quote from: Davidvictorson on March 15, 2024, 05:40:00 PM

It is just like demo trading. Would do it if you were to begin sports betting again or jump right straight into the real thing?

For me of course I will gamble and risk money directly on real bets, not demos, I think demos only provide theoretical value, I like in gambling a real challenge, not paper, I think we generally know about sports, especially football, boxing, basketball and so on, if this type of sport is being bet on, in my opinion there is no need for a demo, straight to the point it seems more profitable.

My understanding is sports gambling, the understanding is different from other gambling such as slots, plinko, blackjack and so on, maybe you need a demo before jumping straight in, but sports doesn't seem like that, sports is more about real life and is understood.

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Quote from: dezoel on March 22, 2024, 11:26:59 AM

I wouldn't mind doing that, it is a good way to see if you have still got it or not, and if you see that the results of your selected games aren't in your favour, you can revaluate your strategy, improve your knowledge, see where made a mistake and then retry again with other games. One should keep doing this until they see that their predictions are finally working very well and they can win more games now.

It is just like using a demo account where you can put your skills up on the test to see if you can do something or not or whether your chosen strategy is working or not. So I think everyone should do this before getting into the real thing so that they can understand if sports betting is for them or not.

Sports betting is still gambling that requires luck for you to consistently win aside from analysis skill. This is why you can still have a bad result even after you have good run on paper bet.

The worst possible outcome is you lose confidence after losing your first bet right after you decided to go real because you already have good result on paper betting. There’s no fix strategy on sports betting unlike trading that there’s TA using indicators. The only strategy on sports betting is to rely on statistics of the team and hope that they can perform the same as predicted to them based on their previous performance.

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Quote from: Davidvictorson on March 15, 2024, 05:40:00 PM

If you were to restart sports betting again, would consider learning first by betting on paper. This involves selecting 1 to 2 games daily and tracking the outcomes of your picks without wagering real money on a sportsbookie platform.

Quote

Paper betting refers to participating in sports gambling without fronting any money. The idea is to learn the ropes without actually risking real money.
https://www.bettingsite.org/blog/paper-sports-betting-what-is-it-what-are-the-advantages-11569/

It is just like demo trading. Would do it if you were to begin sports betting again or jump right straight into the real thing?

I wouldn't mind doing that, it is a good way to see if you have still got it or not, and if you see that the results of your selected games aren't in your favour, you can revaluate your strategy, improve your knowledge, see where made a mistake and then retry again with other games. One should keep doing this until they see that their predictions are finally working very well and they can win more games now.

It is just like using a demo account where you can put your skills up on the test to see if you can do something or not or whether your chosen strategy is working or not. So I think everyone should do this before getting into the real thing so that they can understand if sports betting is for them or not.

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Quote from: Sunderland on March 22, 2024, 07:25:53 AM

True, I don't think that strategy will work, because when betting with real money, our minds will focus on choosing which team or which market is the best choice to win.
And in most cases, in the end we will definitely be placing bet on the favorite team/market.
The pressure to win when betting with real money will definitely influence our choices, which is different if we only predict the final result of a match without any money involved.

That demo is important to test what we can do in sports betting, if our result is profitable using that demo, it should not change using the actual money. If that changes and you loss, that means you have a problem with controlling your emotion, as you change your judgement because of that. So the problem here is your emotion, not until you fix that problem which the solution is to control your emotion that's the only time you'll achieve the same result during your demo outcome.

Peopel loss in gambling not because they don't have the skills or it's not winnable, but because gamblers doesn't have the discipline and they could easily make a bad decision once they are tested with a losing streak, human nature, we want to get our money back, so we loss focus.

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Quote from: Zadicar on March 22, 2024, 07:06:38 AM

Quote from: Hispo on March 22, 2024, 06:13:15 AM

I believe I would rather start betting with actual money instead just noting on paper my picks. Though, I would make sure to start with very small amounts like 1$, instead going for more risky amounts of money.
I think having something at stake while gambling works as a encouragement for us to further out effort into research to pick up the right choice, instead making our bets all about luck, you know.

If I started paper betting, I would not put as much effort into thinking my choices and the chances of winning, because I would not feel any pressure to do so.
Paper betting is good of the person betting is passionate about the specific sport, but otherwise, I would not recommend it. It takes time to do some analysis and be convinced on what team to pick, in my opinion.

Yes, i do really feel up that you are just basically wasting up your time on betting without having any bets and just like been said by most people on here that there's no fun
when you do bet on a sport without having those real money. You would really be having no feeling of excitement since you know that you cant really be able to gain up something on which
its better that you should be starting at least with some small amount on which you would be having that kind of impression that they would really be having that thrill
on the time that they are seeing on whats the outcome of their bets.

I do agree with this that it would be better that you should start up with mere amounts as some form or trying to test on what it do really looks and feels like on using up a real balance because if you do make use nothing or simply free then its true that there would be no thrill on the time that you would really be making some betting. Totally that different experience if we do compare about free and something that you do make some bets on.
Just like you said that its impossible that you cant be able to tell the difference among the two on which it is really far more entertaining if you do make bets with using a real money.
Emotions that could be felt would be real and not something you do look numb because you have nothing to lose when you do test some demo funds or something that doesnt have any value.

There's no enjoyment on that or thrill and the main reason on why we do gamble is for leisure and entertainment and there's no fun on betting with demo money or
simply the experience is whole lot different.

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Quote from: Hewlet on March 22, 2024, 06:50:19 AM

Quote from: Davidvictorson on March 15, 2024, 05:40:00 PM

If you were to restart sports betting again, would consider learning first by betting on paper. This involves selecting 1 to 2 games daily and tracking the outcomes of your picks without wagering real money on a sportsbookie platform.

Quote

Paper betting refers to participating in sports gambling without fronting any money. The idea is to learn the ropes without actually risking real money.
https://www.bettingsite.org/blog/paper-sports-betting-what-is-it-what-are-the-advantages-11569/

It is just like demo trading. Would do it if you were to begin sports betting again or jump right straight into the real thing?

It doesn't make any big deal. For those that haven't learned about sports Gambling and are probably non conversant with it, it's more like a demo that can serve as a guide before the main game.

Thier is nothing like not risking Money. What brings out the real fun in gambling is when you've played with money and so after playing the demo, you will still stake with money so it's not an issue at all. The question should be that, what happens when you only play demos without staking real money, is it still Gambling?

True, I don't think that strategy will work, because when betting with real money, our minds will focus on choosing which team or which market is the best choice to win.
And in most cases, in the end we will definitely be placing bet on the favorite team/market.
The pressure to win when betting with real money will definitely influence our choices, which is different if we only predict the final result of a match without any money involved.

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Quote from: Hispo on March 22, 2024, 06:13:15 AM

I believe I would rather start betting with actual money instead just noting on paper my picks. Though, I would make sure to start with very small amounts like 1$, instead going for more risky amounts of money.
I think having something at stake while gambling works as a encouragement for us to further out effort into research to pick up the right choice, instead making our bets all about luck, you know.

If I started paper betting, I would not put as much effort into thinking my choices and the chances of winning, because I would not feel any pressure to do so.
Paper betting is good of the person betting is passionate about the specific sport, but otherwise, I would not recommend it. It takes time to do some analysis and be convinced on what team to pick, in my opinion.

Yes, i do really feel up that you are just basically wasting up your time on betting without having any bets and just like been said by most people on here that there's no fun
when you do bet on a sport without having those real money. You would really be having no feeling of excitement since you know that you cant really be able to gain up something on which
its better that you should be starting at least with some small amount on which you would be having that kind of impression that they would really be having that thrill
on the time that they are seeing on whats the outcome of their bets.

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Quote from: Davidvictorson on March 15, 2024, 05:40:00 PM

If you were to restart sports betting again, would consider learning first by betting on paper. This involves selecting 1 to 2 games daily and tracking the outcomes of your picks without wagering real money on a sportsbookie platform.

Quote

Paper betting refers to participating in sports gambling without fronting any money. The idea is to learn the ropes without actually risking real money.
https://www.bettingsite.org/blog/paper-sports-betting-what-is-it-what-are-the-advantages-11569/

It is just like demo trading. Would do it if you were to begin sports betting again or jump right straight into the real thing?

It doesn't make any big deal. For those that haven't learned about sports Gambling and are probably non conversant with it, it's more like a demo that can serve as a guide before the main game.

Thier is nothing like not risking Money. What brings out the real fun in gambling is when you've played with money and so after playing the demo, you will still stake with money so it's not an issue at all. The question should be that, what happens when you only play demos without staking real money, is it still Gambling?

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Quote from: Davidvictorson on March 15, 2024, 05:40:00 PM

If you were to restart sports betting again, would consider learning first by betting on paper. This involves selecting 1 to 2 games daily and tracking the outcomes of your picks without wagering real money on a sportsbookie platform.

I don't know the number of gamblers that can be patient enough to be doing paper gambling. I don't think many gamblers learn from that way. Most gamblers started by direct gambling and newbies too are doing same.

Quote from: Davidvictorson on March 15, 2024, 05:40:00 PM

Quote

Paper betting refers to participating in sports gambling without fronting any money. The idea is to learn the ropes without actually risking real money.
https://www.bettingsite.org/blog/paper-sports-betting-what-is-it-what-are-the-advantages-11569/

It is just like demo trading. Would do it if you were to begin sports betting again or jump right straight into the real thing?

People demo trade because of the process of trading which is not really straightforward . You really need to learn about it before you start because apart from the finance involved, it has different compactment that you actually need to study and have basic knowledge of them before you can start trading proper and it is not everyone that can go through that or understand it and I don't know if I will be right to say there are quite larger number of gamblers than traders and that perhaps is because of its cumbersome process.

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I believe I would rather start betting with actual money instead just noting on paper my picks. Though, I would make sure to start with very small amounts like 1$, instead going for more risky amounts of money.
I think having something at stake while gambling works as a encouragement for us to further out effort into research to pick up the right choice, instead making our bets all about luck, you know.

If I started paper betting, I would not put as much effort into thinking my choices and the chances of winning, because I would not feel any pressure to do so.
Paper betting is good of the person betting is passionate about the specific sport, but otherwise, I would not recommend it. It takes time to do some analysis and be convinced on what team to pick, in my opinion.

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Quote from: Davidvictorson on March 15, 2024, 05:40:00 PM

If you were to restart sports betting again, would consider learning first by betting on paper. This involves selecting 1 to 2 games daily and tracking the outcomes of your picks without wagering real money on a sportsbookie platform.

Quote

Paper betting refers to participating in sports gambling without fronting any money. The idea is to learn the ropes without actually risking real money.
https://www.bettingsite.org/blog/paper-sports-betting-what-is-it-what-are-the-advantages-11569/

It is just like demo trading. Would do it if you were to begin sports betting again or jump right straight into the real thing?

In case I had no experience with sports betting at all, then this would probably be my first step before putting any real money down. Keeping track of our bets is a good idea to see how well our convicitions are doing and to check our long run profitability. The issue I have with demo trading or betting is that it takes some of the fun out of it and I am not sure if's really necessary. When it comes to sports betting the minimum bet sizes are very user friendly. With 10 USD we could already start placing bets on multiple matches. So, instead of making paper bets where I don't get any profits I would rather start with placing 2 USD bets and spread my money across a lot of different matches. Then after a few weeks I can quickly see how much profit or loss I made without really losing a lot of money. Another benefit of starting with real money is also that we can take advantage of welcome bonuses for new gamblers. Especially when placing a lot of small size bets getting 100 or 200% on our initial bankroll can make a big difference.

Topic: Paper Betting- Would You Consider it if you Were to Start Sports betting Again (Read 539 times)