“Square” is a term commonly used in the gambling industry to describe a novice or unsophisticated bettor. These bettors typically follow public opinion or make bets based on emotions and biases rather than comprehensive research or expert advice. In the financial sector, “Square” also refers to a financial services company, founded in 2009 by Jack Dorsey and Jim McKelvey, which provides merchants with a point-of-sale system and the ability to accept card payments via a mobile device.
Why are inexperienced bettors referred to as “square”?
The term “square” has historically been used to describe someone who is not savvy or sharp in a particular field. In betting, it signifies someone who may not understand the intricacies of betting and tends to follow the crowd.
How does a square bettor differ from a sharp bettor?
While a square bettor often follows public opinion and might bet based on their favorite teams or popular sentiment, a sharp bettor typically relies on extensive research, statistical analysis, and sometimes insider knowledge.
Is being a square bettor necessarily a bad thing?
Not necessarily. Everyone starts somewhere, and many people bet casually for fun without diving deep into strategies. However, square bettors should be aware that they might not have the edge against bookmakers or professional bettors.
What is Square Inc., and how does it relate to the gambling term?
Square Inc. is a financial services and mobile payment company founded by Jack Dorsey and Jim McKelvey. It’s entirely separate from the gambling term “square.” The company offers a variety of financial and merchant services, including a point-of-sale system.
How has the perception of “square” bettors changed with the rise of online betting and more accessible information?
With the abundance of online resources, tutorials, and betting communities, many bettors who start as squares can quickly gain knowledge and improve their betting skills. Online platforms have democratized access to expert insights and analytics, narrowing the knowledge gap between casual and professional bettors.