Here we all know that sport betting have been around for a while now and many sport fans all over the world are involved in sport betting whether on a large scale or a small scale.....
Some have turned the sport betting into more than a hobby and it's now like a business to them.....some believes that betting on sports is beyond gambling and some term it "sport trading" and do not want to use the word "gambling".....
We have many bookmakers in the world that offers various types of betting on all sports ..some of the bookmakers include bet365.com ladbrokes.com betfair.com betcolony.com bet9ja.com etc....
There are many bookmakers in the world and they are actually making alot of money from the betting business......
So now how does sport betting works??it's a simple way of making predictions on match/matches and you stake some money on it and when your predictions are correct then you make some certain profits from your stake on that predictions depends on the odd that was offered for the game.....
But when your predictions are wrong??you loose your stake....so in other words it can be referred to as gambling......
but there are so many professional tipster and sport experts that believes that you can bet on sporting games with less risk or believes that you can make better predictions that makes it less of a gambling...
Some of them argue that even normal business or investment involves risk so gambling on sport is also risk too and should be considered as a type of business on it's own if it's done rightly and accurately...meaning if it is done with minimal risk and if the person do not bet with what they cannot afford to loose......
So why do they consider it to be sport trading and not the general word "gambling".....??
They believe that it is sport trading because you are staying some certain amount on a game in order to earn profit with those stake...and in trading you loose or win...they believe that there are awesome tips you can use to know what the result of a game will be or will probably be like........
They believe that just by making predictions on a match without the right tips is just pure gambling but when you predict with experience and knowledge about the game you are predicting on then it becomes trading because you will have more higher changes of having an accurate predictions which will enable you to earn money from your bet......
What is your opinion everyone??