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.
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.