Why most of us are losing money in sports betting?

[maydna]

In my experience with a few months of gambling, I can state that if you have no strategy to follow for your own then skip it. Otherwise, you may lose your assets. Gambler's lack of knowledge can be responsible for this if s/he won't know when to stop or which point to start with. Playing again and again for winning only can't expect every time, this is for greediness.

Even if you have a strategy, you can have experienced losing your money because the sports event situations can change at any time. But yes, if you don't have the knowledge, you should skip the match, and only watch the match without bet to any teams. If you can win one or two matches, you need to stop for a while and don't bet to any team or players because you need to lower your tension after winning. If you are still betting on the other match, you can become greedy, and you will want to use bigger money to expect bigger winning. That is my suggestion.

[Swopon]

In my experience with a few months of gambling, I can state that if you have no strategy to follow for your own then skip it. Otherwise, you may lose your assets. Gambler's lack of knowledge can be responsible for this if s/he won't know when to stop or which point to start with. Playing again and again for winning only can't expect every time, this is for greediness.

Even if you have a strategy, you can have experienced losing your money because the sports event situations can change at any time. But yes, if you don't know, you should skip the match, and only watch the match without bet to any teams. If you can win one or two matches, you need to stop for a while and don't bet to any team or players because you need to lower your tension after winning. If you are still betting on the other match, you can become greedy, and you will want to use bigger money to expect bigger winning. That is my suggestion.

Exactly this the fact that many people don't have the proper knowledge of gambling especially esports betting. In sports, anything strange can happen. The situation can change at the last point too. So you need to know the starting and ending point. The most important thing is proper knowledge which will help you to gain much than losing the match.

[famososMuertos]

I believe that most of us are losing money in sports betting, but I'd like to know based on what you read and your experience (if you have) the reasons why we are losing. Personally, I've been gambling for years, I'm just an ordinary gambler who can't be too serious with gambling, but I can't deny that I have been losing money more than I win.

Share some tips to win or to minimize losing?
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This thread is open for the winners and losers.

You cannot assume anything in the betting world, at least you must have some information/odds what this is about game, although they may not be of any use in a single bet.

I just wrote it, one should not want to win everything in a single bet, one should know that this is about always having the chance to bet and that chance is governed by the bankroll.

Many do not understand that the total bets should be seen as an investment, each of these bets is determined by a probability of losing / winning is simple. What happens is that many find it silly to bet 1 satoshi. (extrapolate to your financial reality)

Silly it is to have 1000 satoshi and place bets of 100 satoshi, this is just an example (extrapolate to your bankroll reality)
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Speaking of accurate information, I don't know what statistic it is based on to assert that the majority are losing in sports betting.

[noorman0]

Since sports betting odds are easier to estimate from a player's abilities than a casino machine, sometimes the trivialities can also cost people money. Like being too fanatical about a particular team without measuring the opposing team's abilities in depth. Gamblers will usually place bigger bets on their favorite team. This will open up a great chance of accepting defeat more frequently.

[yazher]

This is the purpose of sports betting - it is entertainment. Fun always costs money. It is quite obvious that most people have fun here and "voluntarily" leave money when betting on their favorite team. Some of the players are trying to make money here, but this is an empty activity and sooner or later people find something better for themselves or they just start accepting bets instead of making them 

That's what happened when people bet on their favorite team, most of them don't really care about the other opponent because when both betting and cheering for your favorite teams gives you so much excitement that you forgot the other team advantage. This is what happens with sports betting only those who are pro in this industry have done all the research before placing their bets.

[Janation]

Share some tips to win or to minimize losing?

Since we are talking about sports betting, don't just bet blindly.

Doesn't mean that a team is good it will win all of its games without losing. There are factors that we can look into to analyze teams, players, games or matches before it can happen so we have the upper hand. Though there is a reason why it is called gambling, you can't actually tell which teams will win so we just find a way to increase our chance of winning or minimize our loss.

It also might help if you choose one or two sports that you will be dedicated to and follow what is happening with matches and players. When you get deeper into some sports you will have more information that will help you with your sports betting strategy. Of course that will not be the guarantee of winning but still it might be helpful.

That is so true.

There are those that as long as they can bet, are confident that they could win even though they just know popular players in a team and don't actually know how this team plays. It won't help them win millions and millions of dollars or cryptocurrencies but as I said, this will help you increase your chance of winning, right?

[Russlenat]

That is so true.

There are those that as long as they can bet, are confident that they could win even though they just know popular players in a team and don't actually know how this team plays.

Agree with that, and these are the people who are truly enjoying gambling because they already convince themselves that they'll win from the very start.  I have that kind of feeling when I was still a newbie, it's so expensive though as even if you have fun but your chances of winning is still low due to your lack of not only on the game but on sports betting in general.

It won't help them win millions and millions of dollars or cryptocurrencies but as I said, this will help you increase your chance of winning, right?

It will only help them if they are extra lucky, winning millions needs a good bankroll and some consistency in the long run.

[KTChampions]

This is the purpose of sports betting - it is entertainment. Fun always costs money. It is quite obvious that most people have fun here and "voluntarily" leave money when betting on their favorite team. Some of the players are trying to make money here, but this is an empty activity and sooner or later people find something better for themselves or they just start accepting bets instead of making them 

That's what happened when people bet on their favorite team, most of them don't really care about the other opponent because when both betting and cheering for your favorite teams gives you so much excitement that you forgot the other team advantage. This is what happens with sports betting only those who are pro in this industry have done all the research before placing their bets.

By the way, I know that some fans are betting on the opposing team in order to make this defeat less bitter for themselves in case of defeat of their favorite team. This is quite funny, since they lose money in the event of the victory of their favorite team, but apparently this does not bother them.

[Fredomago]

Essentially because we bet more than what we are supposed to be. Unlike with other betting ventures, when we bet at a sports event, we are overcome by our emotions as the thrill of the game is right there in our faces, we also are easily swoon over by slight advantages thinking it will persist all throughout the game which disappoints us as well after losing.

Such emotions drive us to bet more as we are really excited that our favorite will deliver, knowing that we follow them and it's really not that hard to trust them in winning the game.

Sad thing, once shit happened we also engaged to try recovering the loses and try finding games which we are not that familiar and start betting looking for some luck.

With this attitude the next thing we see ourselves are keep losing more from our bankroll
more worse busting everything by keep proceeding to recover back.

Since sports betting odds are easier to estimate from a player's abilities than a casino machine, sometimes the trivialities can also cost people money. Like being too fanatical about a particular team without measuring the opposing team's abilities in depth. Gamblers will usually place bigger bets on their favorite team. This will open up a great chance of accepting defeat more frequently.

Then greed will enter and instead of quitting, finding another bets will be inside a  gambler's mind. It will be same in anyhow
trying to win more and at the end of the day, results did not favored your bankroll.

[nasipadang]

We probably all know the answer to these questions ourselves. I think it could have different reasons, though. The problem is usually wrong bank management. Often a reasonable strategy is chosen, but the moment the losses become too great, tactics are discontinued and we go tilt. everyone will have experienced it at some point, in varying amounts and frequencies.

[proTECH77]

Many gambler loose just because they still follow history of the team to determine winner of the match. I was using history to determine the team before betting my game which was causing me to lose no matter the amount of money I spend on bet.
I think I will change my gambling base on experience  no longer base on history that is causing loss for my bet over 7 months.

[BlackFor3st]

At first I am the same with you as I don't know the reason yet why after I check all my bets the losses are more compare to my winning bets.
But after rethinking many times, I have check that it is happening because of my greediness at that time meaning I have no control when to stop
and what to consider before betting any teams especially in sports.

In my case, I just learn to control myself and it is the reason why I minimize my losses and sometimes I have more winnings compare to my losses
as I do some research first before betting any of the team that I like to bet.

[celot]

At first I am the same with you as I don't know the reason yet why after I check all my bets the losses are more compare to my winning bets.
But after rethinking many times, I have check that it is happening because of my greediness at that time meaning I have no control when to stop
and what to consider before betting any teams especially in sports.

In my case, I just learn to control myself and it is the reason why I minimize my losses and sometimes I have more winnings compare to my losses
as I do some research first before betting any of the team that I like to bet.

When the position loses we cannot control our emotions and even tend to place bets again, even though when we have lost several attempts we have to stop if we need to try our luck again tomorrow. If you continue to force it, I guarantee you will definitely lose, because I myself often experience things like this. From that, I learned that when the position loses continuously and there is no luck in my favor, I better leave and not place bets again, because luck in gambling is important, if not lucky, don't ever force to make a bet. If you are continuously forced, the results will not be good and the more you have to spend for loss,

[kawetsriyanto]

~when the position loses continuously and there is no luck in my favor, I better leave and not place bets again,~

This means that you already have good self-control and can think realistically. Yep, it is a good decision to leave once you seem no luck on that day, never force yourself to bet again because it will trigger more losses. Even you have good luck and win some bets, you are better to quit at the moment because of the high risk to continue more bets. If we cannot control ourselves, it becomes harmful to us. Well, it's cool, you've learned very well and successfully.

[mirakal]

~when the position loses continuously and there is no luck in my favor, I better leave and not place bets again,~

This means that you already have good self-control and can think realistically. Yep, it is a good decision to leave once you seem no luck on that day, never force yourself to bet again because it will trigger more losses. Even you have good luck and win some bets, you are better to quit at the moment because of the high risk to continue more bets. If we cannot control ourselves, it becomes harmful to us. Well, it's cool, you've learned very well and successfully.

Sometimes we don't feel good while gambling, most likely we will lose money.

We also have to understand that we need the energy when gambling, when we are positive, that's the time luck will come to us, but this is just a small factor to consider because at the end of the day, your math or analysis matters the most.

Controlling yourself is one of the key factor that would help you win and minimize loses when you are in a tough situation, it's not necessary to gamble everyday, have some time to relax, and then come back when you are ready.

[Danslip]

Many gambler loose just because they still follow history of the team to determine winner of the match. I was using history to determine the team before betting my game which was causing me to lose no matter the amount of money I spend on bet.
I think I will change my gambling base on experience  no longer base on history that is causing loss for my bet over 7 months.

Gamblers are losing due to the fixed matches which is not surprising in 2020. Checking the history of the previous matches and calculating the odds can give a small edge within time but this will never be enough to beat the bookies, the outcome of matches should be random like 10 years ago. Now almost 80% of the betting resources are sold on the market to small rich network members.

[TopT3ns]

~when the position loses continuously and there is no luck in my favor, I better leave and not place bets again,~

This means that you already have good self-control and can think realistically. Yep, it is a good decision to leave once you seem no luck on that day, never force yourself to bet again because it will trigger more losses. Even you have good luck and win some bets, you are better to quit at the moment because of the high risk to continue more bets. If we cannot control ourselves, it becomes harmful to us. Well, it's cool, you've learned very well and successfully.

I think sports gambling is not that far because we can see how the players who compete and at least we can predict a little about what will happen to win or lose, even though no one can guarantee what we guess can be accurate, at least we can bet wins and loses in terms of their competing experience.

[romero121]

I find two reasons for the losing on sports betting. By the time it is true that sports betting has got higher winning percentage compared to casinos.

• Most of the time gamblers have the mentality to bet on the higher odds. It is evident opponent has the highest chance of winning based on stats and team power, but the odd selection made on luck out of winning big causes loss.
• Everytime the gambler experience a loss, he/she tries to recover the loss on the consecutive match. Here the important thing, the odds were selected on luck as they don't have any information about the players and the team. This game is being played only to recover the loss happened in the previous game. Here the luckiest win while others continue losing.

[Rabi3]

most of us lose because we are not organized, we need to start making strategies and goals, what i like to do is check my bet history to see
what i might have done wrong and try to avoid it next time, like myself for example, i lost a lot in live betting so now i always avoid it.

[GDragon]

In my perspective, we lose because we can't stop during we are winning. The only time a gambler would stop betting is the moment they realized they lose all their money, so they would come out as as loser. There are only a few gamblers who have the control to stop gambling when they are winning, that's why most of us are losers. It's all about when will you go out of the casino, or when will you stop gambling, when you are losing or winning? Cause I'm sure all of the gamblers here wins a lot, but they decided to continue until they end up losing.

I may also agree that some continue to win but that's not the case for everyone, almost everyone will end up losing if they don't find the right timing to stop.