Sports betting is one of the most popular types of gambling. In fact, more than 200 million people around the world bet on different sporting events. In the United States, sports betting wasn’t legalized until 2018, but the market is expected to rake in an annual revenue of $6.03 billion by 2023. If you’re planning to try your luck, here are five pitfalls you need to avoid: 1. Don’t bet on just any sports book. Before placing your bets, make sure that you choose a good and trustworthy sportsbook, preferably one that has a good user rating and with bonus…