Betting is both for entertainment and a means for earning. Betting is a union usually between two parties that the one who has made an inaccurate prediction about a vague result will part with something predetermined to the other. A kind of union where there is always something at stake or a probable consequence waits you. A basketball match is a very easy example of a basic betting option: team A is opposed to team B, the only thing you need to do is try to predict who will win the score the highest at the end of the match. Earlier, you know that either team A or team B wins, and if you, for instance, choose to bet on player A and he wins the match, you have won your bet and have won yourself some money; in contrast, if player B wins and thus player A loses, you have lost your bet and thus also your stake.
When it comes to betting there is a very simple logic: you would not win if you cannot lose, and therefore there will be always a risk that you wrap up losing money when you’re betting; in fact, it is the most likely outcome over time, because otherwise there would not be bookmakers, if they are not making a solid profit out of it. The most important thing to remember while playing this game is that you should have knowledge in any game that you are betting on or else it is like playing a game that you know that you will just lose your bet or your money.