The 4 Similarities Between Professional Sports and Gambling
When you take a look at various industries around the world, you will see that two of them stand out quite a bit. We are talking about the gambling industry and sports industry. These two have been regarded to be among the most prosperous and innovative ones.
That means these use a lot of modern technologies first, before any other industries. For instance, you should take a look at all the statistics that are shown during a sports match. You will see that calculating these is not something we would describe as easy.
It’s quite the contrary. We are talking about advanced algorithms that have been used for a wide array of different industries after that. At the same time, the gambling industry is using some other sorts of algorithms to calculate the odds.
Furthermore, we can see that both of these industries make the most out of new digital technologies, mainly the internet, for promotion and a lot of other practical things. For example, there are practically no casinos that don’t have their online version.
If you want to take a look at some of these, be sure to check out casinogorilla.com. Now, let’s see what are the similarities between professional sports and gambling. Without further ado, let’s take a look at some of the most prominent ones.
1. Both are Unpredictable
The first thing we would like to talk about is the unpredictability of both of these two concepts. It means that a vast majority of people cannot make a proper calculation that can provide them with the most probable outcome.
You have heard many times that a majority of casino games rely solely on luck. While we can agree that in the case of common folk, who doesn’t have the patience to perform all the mathematical operations, but this is certainly not entirely true.
On the other hand, it doesn’t mean how many official statistics you see before the match, there is no chance that all your predictions will be correct. We can see that the sports betting industry generates billions of US dollars simply because a majority of gamblers think they can predict the result.
The way this is manifested is through a lot of favorites losing a match they are bound to win based on these statistics. There are numerous examples of this happening. Therefore, you can see that unpredictability is something that defines both of these two concepts if you don’t use algorithms.
2. Both Cause the Excitement
Another similarity we feel is worth talking about is the fact that both of these occurrences are something that causes a lot of excitement. There is one way you can confirm these claims. You should pay attention to some official figures who talk about people who follow sports matches.
Plus, coming across some official statistics regarding the number of people who visit the most popular gambling sites out there is not too hard. Pretty much all the most prominent ones can be found online, just one click away from you.
Not only that, you should take a look at the number of those who watch matches of a certain competition every week. Plus, see those who visit an online site every day. These two figures alone can help you understand the excitement both of those concepts cause.
Besides, we can see that gambling as of whole causes the adrenaline rush. We are talking about an urge that starts pushing the gambler towards participating in these games, no matter what the financial outcome is.
3. Both are Ancient
One more similarity between these two is that they have been present since the beginning of human civilization. Just think about the Olympic games, and what is the year when they were first held. We are talking about 776 BC, which shows you just how ancient they are.
For ancient Greeks, this was a part of religious life. However, we can see that these have a completely different use. That doesn’t mean that the founders of modern Olympics have distanced themselves from the ancient concept that launched something we still adore these days.
When you take a look at gambling, you will see that the story is pretty much the same. However, we can see that this is something that doesn’t need to have historical ties with the past. Little is known that gambling is shown on an ancient Greek vase. The best-known is “Ajax and Achilles playing dice”.
Plus, there are a lot of depictions of people gambling in practically every civilization in the world. We can find these images in Chinese, Mayan, Jewish, and all other old cultures. So, we are talking about a concept that is consistent throughout the history of humankind.
4. It’s all Math
Last but not least, we would like to talk about something that many people don’t understand. Both of these concepts revolve around math. We’ve mentioned that calculating the odds for every particular match and casino game is not something common folk does.
That doesn’t mean that there is no knowledge about mathematics. Instead, we would say that the lack of patience is at hand. That doesn’t change the fact that pretty much every casino game can be predicted by using a highly advanced mathematical algorithm.
When we see professional sports, we can see that viewers are presented with a lot of statistics before the match and during the match. While it is impossible to predict every match out there, we can see that some of them can be quite useful in prediction.
Take just one example. Let’s take a look at the traditional results between two teams in an English Premier League. In a vast majority of cases, these traditions are something that repeats over and over. That doesn’t mean this will be the case always. That doesn’t mean this is insignificant.
To Sum Up
While it may seem that there are no similarities between these two concepts, we can see that there are a couple of them. Here, you can take a look at some of the most obvious ones.