People around the world enjoy betting on sports, and the sports betting industry is estimated to be worth $214 billion a year. But before you start betting, make sure you understand the basic concepts of sports betting. While some people may win more often than they lose, sports betting does require some skill and knowledge.

One common misconception about sports betting is that all games are fixed. There are people who spend their entire lives looking for rigged games and then wager huge amounts of money on them. Although these games don’t have a great track record, some people will fall for this myth because they think they’re getting a sure-fire thing.