Sports Betting
A New Way to Engage with the Game
With the legalization of single-event betting and the explosion of online betting sites, the popularity of sports betting is rising by leaps and bounds across Canada and here in PEI too. Sports fans have eagerly embraced this new and exciting way to engage with their favourite teams and players.
For most fans, safely placing bets can make watching the game with friends more exciting and enjoyable. Some fans, though, can get too caught up in chasing the excitement of winning a bet.
Risk Factors Specific to Sports Betting
Sports betting comes with risk, just like other forms of gambling. But there are some additional risk factors specific to this type of gambling which can elevate the risk of harm even further:
24/7 Mobile Access
With online sports betting, access is available 24/7 on any mobile device making it easier to keep betting non-stop on games or matches across the globe.
Live & In-Play Bets
Live or in-play bets can be especially harmful. These types of bets are more intense and fast-paced, which can lead to more spending in a short time.
Sense of False Control
Betting on sports can also make the bettor feel a sense of false control over the outcome – they believe their knowledge of the game will help them win.
Aggressive Marketing
Advertisements for sports betting and betting platforms have exploded across televised sports and social media alike. This aggressive marketing has shown links to further developing risky betting habits, especially for young men, who are the targets of these ads.
Who is at Higher Risk?
The Responsible Gambling Council (RGC) says sports bettors at a higher risk of experiencing gambling problems generally share the following traits:
Young adult (18–34 years old) male
Single
Full-time student or employed
Gamble in other ways (e.g., online poker, slots, lottery)
Often take advantage of promotions, like sign-up bonuses
Have friends who like sports betting
Healthy Play Betting Strategies
Knowing if your betting habits are becoming unsafe and how to lessen your risk is crucial for avoiding potentially harmful consequences. Anyone who bets on sports should use healthy play betting strategies to lower their risk of developing harmful habits.
Need Help or Have Questions?
If you or a loved one has questions or needs support with gambling, reach out to the PEI Gambling Support Line. It's free, totally confidential, and available to help you anytime.