This is one of the most debated questions that are presently circulating around the Internet today. The quick answer is: betting on sports is not a scam. A scam is such a broad term, which dictionaries define by making money through dishonest means. For instance, tricking someone else to obtain money or goods is a scam. And needless to say, betting on games is something different entirely.
Why is it not a scam?
As previously mentioned, a scam is a dishonest way to generate money. There is nothing dishonest about betting on games, and although it is illegal in certain parts of the world, scam has nothing to do with it. Betting is a game of luck built on top of sports events such as NBA, NFL and Super Bowl. Put quite simply, these sports invoke the odds needed to lay a bet.
Considering that legal issues are taken out of the table, betting on sports practically has mutual benefits to the sport being played. For obvious reasons, placing a bet on a game makes it more attention-grabbing and exciting.
To cut a long story short, sports wagering is a form of gamble, wherein the odds are placed on a popularized sport. The process of betting is usually done online through sports betting sites, and offline through bookies.
Bookies usually operate secretly, and are often found lurking about the dark corridors or behind the bleachers. Bettors come to them and they manage the stakes painstakingly before the actual game commences.
Whilst online, websites manage the betting system and most of everything is automated. Instead of going through it personally, bettors create an account in order to lay a wager on the game anonymously. In addition, since the Internet is not limited to a single sport, or a single event, it is possible to bet with much bigger amounts on nationwide games.
Two examples of sports betting websites are Bookmarker and BoDog. The downside is that, it is more difficult to operate secretly on the net, especially when the major adversity is finding bettors. Due to this fact, these websites are forced to resort to aggressive marketing, which involves baiting potential players with the allure of free money. Bookmarker codes, for instance, lures in players with a 300% bonus upon the first deposit. Similarly, the BoDog referral number posted on several gambling websites entice new players to gamble their hard-earned money.
In summary, betting on sports is not a scam. However, the legality of such activities is a different matter entirely.