Why most of us are losing money in sports betting?

[Emitdama]

When you start gambling, you have to keep in mind that this is not something you will ever get rich with. You should see it as a fun hobby, and if you win some money that is a bonus.

Spot on and one should always cash out winnings when they have some because the winnings and loses are within your mind unless you cash out and actually save it in your wallet. I have won big amounts in past but I lose them all slowly and the profit never stayed with me until I started to cash out as I win anything good.

I think the only people who are in profit with sports betting in long term are either match fixers which is a rare thing or people who are doing arbitrage on sports betting using some method like different sportsbook offering different odds or by waiting for the odds to change and make bets.

[posi]

I can proudly say sport betting is one of the easy to win and lost gambling but require indepth research and using the tradition between the team before you can win a single bet despite that every gambler thats not ready to lost wont win and the last time i checked 95% of all gsmblers only talk about the losses while the mute when luck is on their sides.

Share some tips to win or to minimize losing?

With that been said, the number one strategy to minimize lost is gambling occasionally even if the game seems easy to win and setting the maximum amount youll use to gamble for a month which you can afford to loose once the fund is exhausted you skip gambling for the moment until next month.

[qory]

There's not tip I could share to increase your winning since every game have different ways to analyze but I think I could share some tips to minimize your losses. I think you should do like a martingale betting wherein you can try to bet a small amount and if you lose try to double it with the odds of 1.5 and above.

Sometimes it works, sometime it's not, if it is effective many gambling sites will close because this is the most, widely used strategy for betting, newbies and veterans have used it, and they can testified that it's not 100% effective, even if you do a lot of variation, you need to be well funded to chase your losses, I have 14 straight losses doing this and I lose it all in the 14th and when I start again in the 15th roll that's where I won.

Yes that's the only cons you really need to have a huge bankroll for it to work as I remember I lost 12+ consecutively I think I could lose more but wasn't able to know since I swept my bankroll. This is in casino by the way but I think it might also happen in sports betting.

[Ucy]

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You should learn how to bet profitably and responsibly.

gambling isnt about memorizing to be profitable but being responsible in gambling is a sure thing that can be done by any gambler . i was once an adict but i said to my self that im stronger than my mind . our minds cant control us or dictate our life but we can get out on an unhealthy habit .

If you're betting based on luck then bet only with little/small amount once or occasionally. You should have the skills and be consistently profitable before you can start betting consistently and with higher amounts.
Bet but don't gamble

betting higher amount wont hurt if you dont do it often . we dont really need a precise skills before we can play gambling and we can still experience to win consistently but its better if we dont try to over gamble just to prove that we can .

The question is can a gambler be responsible?

Well, it's not hard to be responsible as I believe majority of the gamblers are responsible, that's why they are still gambling despite the fact they are losing. Being responsible does not mean you'll win all the time, even if you are a loser as long as you are responsible you'll definitely have no problem in the long run as you are just gambling within your limit.

Gambling (or taking big risk) in betting world does not sound responsible to me~snip~

Then there's nothing to discuss since in the first place, you are already against gambling as a whole.

Well, any bettor who is betting with what he/she can't afford to lose is a gambler. That is what I normally advise bettor to avoid —taking big risks in bets or gambling in bets.

 The big risk is above the limit a bettor can afford risk. The limit should be small part of all your fund/income/salary. Anything above that without the skills, talents or high chances of winning is gambling.

[Debonaire217]

Minimizing losing is depends on the tarstegy that you use but also sometimes in luck, even the startegy that you use in every game or bet you do maybe will not sure if it's minimize the losing but the good with that is you do your best to not lose your money. Remember that gambling the high probablity to lose is very high compared to winning so control yourself in playing gambling because if you are greedy trust me you will not win.

In sports betting, you cannot really rely on strategy as the outcome of the game will depend on the player's performance and not with us unless we are going to be present on the day of the match cheering and giving our support to them to win the fight. It could help them boost their morale to win the game and for us to win in our bet too. The only way you can devise a strategy in sports betting is with your betting style. You can compare the game to dice so you can apply martingale or doubling your bet when you lose in order to easily regain your fund.

But for me, it is the lack of time to research which team is the main reason why we are losing in sports betting. We also need to research which party conduct more extensive practice to increase our chance of winning.

[covfefe_]

Most people lose because they don't have a plan and roadmap. They haven't set budget and limits. They don't research and analyze and they don't listen to the experts and herd mentality.
The next thing that botch a plan is emotions and anger. People tend to bet recklessly and without a reason on their favorite team or against the ones they don't like. People also goes on rage betting when they are on a longer losing streak.

[AicecreaME]

managing your bankroll well would be really helpful if you want to minimize your losses try just to bet with small amount the risk is low but also the profit is small but at least you still have a profit.

I would like to add that you also should bet on the teams where you know the performance of each player and its coach. You also should know that odds will not be on your favor unless you are a bookie. Do not bet a lot in games, remember that once you lose, the money that comes with it will also lose, this helps you to psychologically trick your mind to regret spending that amount of money in betting which could result in you minimizing the amount you are betting. If avoidable, try to go to for physical sports betting instead of online, assuming that you also gamble with fiat, this helps you to also mitigate the money that you will lose because you will see the physical manifestation of your bet via cash instead of numbers in a website.

Yes, this is also one of the tricks to win in sports betting, however we cannot beat surprises. I mean even if you're too confident betting on your team which you know is the strongest, injuries and other problems always appear in the middle of the game or in the very end of the game, so the disappointments is much bigger than the money you have lost.

It'll greatly help if you know how to read odds, not just randomly betting for a certain sports and relying on luck because that's not gonna work all the time.

[RealMalatesta]

House always wins. There is no other explanation required for this because it is a mathematical reality that we can't deny, house will always win and that is a fact. Obviously they are not going to suddenly make it a lot more appealing to gamblers to attract them in a way that makes them lose money, so they will continue the way they have been operating for a long time.

What sportsbooks manage is that they give you odds of the favorites for a game, they get paid 10k dollars on that favorites, and there are people who wager on the underdog, like let's say 2k for it, and if favorites win, they pay back 11.9k to winners and keep that 100 dollar as profit. As you can see, they risked nothing and they made a good return just for allowing these types to play against each other. That is basically the logic behind it.

[plast555]

This is really talkable point and we can discuss on this for very long without any solid end because there are many factors in losing on sports betting mostly peoples feel luck is very important factor for this all few believe its all depend on statics and history but nothing is sure mostly we have to check many things for this all I am mostly going with luck if you have good in your side then you can win some big and if you have no then surely many solid picks can give you really shock which I have many time in my career and now I am out of this all for sometime and feeling some good as no gambling no tension.

[Genemind]

There are a lot of factors that have to be considered in betting in sports. Even those who had been betting in their favorite sports or sports that they are familiar with lose from time to time. Luck still plays role on this kind of betting and there are chances that even those team that has an advantage losses.

[matchi2011]

There are a lot of factors that have to be considered in betting in sports. Even those who had been betting in their favorite sports or sports that they are familiar with lose from time to time. Luck still plays role on this kind of betting and there are chances that even those team that has an advantage losses.

Can't removed that  fact as even  you  think you already  know the outcome there's  always  bad luck that may  take place,   lots of gamblers  forget  about that  even heavy  favorites sometimes also  suffer  from defeats.

The problem is when  you  experienced  that  kind of unexpected  loses you  tend to keep trying to find another  game that you  think  will help  you  to win and recover  those money instead  of quitting,  it's adds up  more to lose.

[pungopete468]

There are a lot of factors that have to be considered in betting in sports. Even those who had been betting in their favorite sports or sports that they are familiar with lose from time to time. Luck still plays role on this kind of betting and there are chances that even those team that has an advantage losses.

That's true but only on the rare occasion most of the time if you are doing good review about the team the chances of winning is high only in few occasions that you will be losing due to the bad luck of the team.

[bisdak40]

Best tip is to bet in games you're well aware or have knowledge on. That's one of the primary reasons you're losing because there's no point in diversifying on many bets if you don't know which team has more high probability to win.
Also try different sites that has more straight forward mechanics to win.

For me this is the best tip to give to someone who want to win or at least minimize his loses. In basketball for example, bet only on the league which you are well aware of, it could be a local league or a national league in your country. This way, you are more familiar and acquainted of the players and also you are well aware of their health.   

[KTChampions]

Best tip is to bet in games you're well aware or have knowledge on. That's one of the primary reasons you're losing because there's no point in diversifying on many bets if you don't know which team has more high probability to win.
Also try different sites that has more straight forward mechanics to win.

If this advice worked, then a lot of people would be busy only with the analysis and study of games. It doesn't really help. Think of a simple dice - the mechanics of falling out of its edges have long been studied and known to everyone, but if you play dice against the casino, you always (on long distance) lose.

[Mauser]

Best tip is to bet in games you're well aware or have knowledge on. That's one of the primary reasons you're losing because there's no point in diversifying on many bets if you don't know which team has more high probability to win.
Also try different sites that has more straight forward mechanics to win.

If this advice worked, then a lot of people would be busy only with the analysis and study of games. It doesn't really help. Think of a simple dice - the mechanics of falling out of its edges have long been studied and known to everyone, but if you play dice against the casino, you always (on long distance) lose.

Unforuntaely yes, the casinos are running negative EV games for the gamblers. So as long as the gamblers come back regularly and on large numbers the casino will make money.

For sports betting this is different in my opinion because the bookmaker offers you all possible bets, you can bet on the first team winning, on a draw or the second team winning. The bookmaker doesn't influence the game. Whereas in a casino your role is fixed. At a blackjack table you can't just switch the role with the dealer.

[kram31]

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?
______

This thread is open for the winners and losers.

We loss, because the players always think that He will win the bet on the next round. Then, sometimes there are other gamblers lose their money because of greediness, that's why I think this bad habit will always be part of the game in the gambling site.

[suzanne5223]

Best tip is to bet in games you're well aware or have knowledge on. That's one of the primary reasons you're losing because there's no point in diversifying on many bets if you don't know which team has more high probability to win.
Also try different sites that has more straight forward mechanics to win.

If this advice worked, then a lot of people would be busy only with the analysis and study of games. It doesn't really help. Think of a simple dice - the mechanics of falling out of its edges to have long been studied and known to everyone, but if you play dice against the casino, you always (on long distance) lose.

You make a good point using dice as an example cause it certain that the chance of winning every gambling is 1% but when it come to sport betting which Sadlife used as an example there was indeed some certain awareness and knowledge needed to have a huge chance of winning the game, it just crypto trading use need to do some certain study of the chart and some issue which will influence the market not following the hype.

[erikoy]

I think not all because others are taking profit. Losing are only to those who are a risk taker when betting. Usually high chance that they can lose high but high chances also they can win high. In sports betting there is no house edge against the one or the platform that has been manage but only a fee that will be taken after the betting takes place. A percentage of what they take is most likely the usual arrangement of sports betting platform.

[Oneandpure]

We are only played by the gambling site and system, there is no chance for us to win and this is what we continue to maintain. When trying with multiple betting always have miss one match and never give us how to win. I think enough if your mind can rich with gambling site because you always loss and never try again for waste your time with always loss. Just waste your money and remember every night how much your money giving to betting site and how much ROI return back to your pocket. I think is enough when you calculated with your outcome and income is far away and not get profitable anymore but all lost.

[Becky666]

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?
_____
This thread is open for the winners and losers.

We loss, because the players always think that He will win the bet on the next round. Then, sometimes there are other gamblers lose their money because of greediness, that's why I think this bad habit will always be part of the game in the gambling site.

Not all gambler do think as such, most especially those with self control. Though everyone in this industry want to win games, but not all went into the games solely becasue of the wins. Sometimes they lose due to their lacks in self control, remember that not all days of play(gamble) will bring you win as a gambler, but many gamblers thought otherwise which somehow lands them into losing. Betting and come back again doesn't make gamblers lose but self control does more havoc's.