Why most of us are losing money in sports betting?

[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.

[bitbunnny]

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.

[Yamifoud]

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.

Only I bet to the team that I feels to win. I've focused on NBA which is not hard for me to do a simple analysis whos gonna win or loss but of course, luck is still our last weapon to win because it sometimes underdog team will not likely keep that looks all the time and sometimes they also win.
Anyway, that is how gambling works, we ony have to possible results win or lose, draw is less possible and before we gamble we are also prepared of what will happen.

[kkaroul4]

Me too I know in my self that I'm losing more rather than winning. I think you can't minimize your losing money if you are not winning there's really no other way to increase chance of winning in sports betting other than analyzing the team, players, etc.

[kramchers]

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.

Of course, if you loss big amount of money that means you bet a high amount then vice versa with a small amount of bet, very simple to understand isn't? so, my advise to you is if you feel the addiction is coming for you to play more, that's the time for you stop and play another time, and don't be so greedy for profit.

[FlightyPouch]

Of course, if you loss big amount of money that means you bet a high amount then vice versa with a small amount of bet, very simple to understand isn't? so, my advise to you is if you feel the addiction is coming for you to play more, that's the time for you stop and play another time, and don't be so greedy for profit.

You don't underestimate addiction just like that. It is a problem that you can't just stop whenever you wanted to because it is really hard, you don't even know whether you are already addicted or not. Losing is just normal when it comes to betting so if you don't want to lose your money or want to chase your losses, you better stop because it can turn worse.

[Pamadar]

Of course, if you loss big amount of money that means you bet a high amount then vice versa with a small amount of bet, very simple to understand isn't? so, my advise to you is if you feel the addiction is coming for you to play more, that's the time for you stop and play another time, and don't be so greedy for profit.

You don't underestimate addiction just like that. It is a problem that you can't just stop whenever you wanted to because it is really hard, you don't even know whether you are already addicted or not. Losing is just normal when it comes to betting so if you don't want to lose your money or want to chase your losses, you better stop because it can turn worse.

Self-denial into addiction is the biggest problem of every gamblers.

Thinking that they are all well capable in handling this matter, they lose more money as they are keep seeking to have some fun, they unaware that they are already engaged too deep. Sports betting  seems so easy when you are betting with your favorite players/teams,
betting decent amount of money in hope that your pick will win, unfortunately shit happened and you will try it over and over.
just continuous repeating the cycle in the end you'll find yourself wasting everything inside your savings.

[emmybd]

Sports betting is very exciting and entertaining. People who do betting wait eagerly for the match. It's a fun task as well as risky too. Sometimes people lose a lot of money by doing wrong betting. So the first principle is to bet wisely. One should think how to minimize losses in sports betting. Little bit wisdom can help one to earn a lot of money from betting.

One should use his extra money for betting, which he saved for betting. He shouldn't use essential money in betting.
One should understand others persuasion before taking anyone's advice and shouldn't believe on others blindly.
One shouldn't effect by previous betting.
One should increase and decrease betting wisely.
One shouldn't take betting as his job. He should take it as fun and activity in leisure.

Betting is a enjoyable task. But we have to be aware about losses. We should be very careful before betting. Otherwise, we will lose a lot of money and it will not only affect us but our family life too.

[XZERO1]

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.

That's what everyone should do and I believe that's actually what most people do as they start gambling for the first time, but what leads to loss is that mindset of always wanting more...

I'll give you an example: you start gambling for the first time and start from betting on lower odds which have more probability of winning and most likely you will see good results over all, but even though you are having success doing what you doing which is play safe as more times passes you will eventually get bored of it and start increasing your risk to the point that leads to loss and because experiencing losses on that degree is kind of a new thing to you since you were only betting on lower odds before, you won't know what to do and you just bet more and more which obviously most of the time only leads to even more losses.

So to sum it up you should have total control on yourself and your emotions and learn to manage that voice in your head that always tell you to bet and risk more whenever you get a bit bored.

[Oshosondy]

I have lost in gambling very well, most people are losing because gambling companies set out the odds in a way people will lose, they make big odds more difficult or nearly impossible to win, but games that have high chance of winning with low odds, many people still lose the low odds, but before people can gain, they will have to bet several times and of which they could lost. Gambling are like a way to make the betting companies grow, we should only use the money will can afford to lose, because the chances of losing is high.

[DoublerHunter]

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.

^ Definitely right, you can have an answer that makes sense. Sport is something that really is manageable. Manageable means can be manipulated.
The reason why you can see that there is a lot of people losing their money in sports betting is that there is a lot of people who lose and very few who win.
Heads of the sports will always monitor that, and then they will manipulate the game so the few will win, with their commissions. Nevertheless, I don't have support this accusation but this is my personal opinion, probably not on the general sports betting sites.

[StephenJH]

The difference between casino games and sports betting is the percentage of winning in the long term if the luck factor is considered as a variable. The bookies add their house edge in odds on pregame matches and everyone understands what is value bet or why the odds of the match go down. Some betting exchanges are popular for not betting against their users and Betfair is the top one with good volume. Choosing the right bookie and understanding the odds can increase the chances of winning in the long term.

[jostorres]

In betting, when you think of losing then you will not enjoy betting. Bet is only a way to get more fun and excitement and if you will going to count all your losses you will get paranoid to it especially in recovering the loss to which it could result to betting huge and then selling of asset to bet. Gambling addiction is inevitable to people who will always count the losses. If I were you OP, enjoy betting and do only small bet so you could not get too much worry to recover losses. Remember that your bet are only few cents and that will not help you even if you try to recover the loss.

If you actually read OP you would know that he s not concerned about making the lost money back or trying to find ways of recovering it, but he was wondering why sports betting brings so much loses.

I believe while sports betting is good as compared to casino because we can use our knowledge, the data and the conditions which can help determine who is going to win a particular match but that also means that sometimes we over estimate our own knowledge and bet too big instead of going small. What I am trying to convey here is that does anyone among us all do martingale or any such strategies on sports? No! Because it takes time and we often feel bored as results come slower and it would take ages to earn something.

[BTCappu]

One of the biggest reason is bankroll management the others mentioned it already and I don't mind saying it again since it's the truth. Sometimes we go for different strategies by increase our bet size and check for live bets. Another reason is the multi bets or parlays there's a lot of people that get a good amount of wins with their parlays but couldn't earn anything from it since they're always a win or two short from the payout.

And the biggest reason is the humongous house edge that comes with sports markets because on games like dice there is usually 1-2% house edge but on dice the house edge can be 10-20% easily and you feel you are betting on small odds but actually one thing I have noticed that sports betting is worst when you chase small odds.

Bankroll management is another factor as people get carried away with their favorite teams playing and make big bets without realizing how much they should spend on a single game which then leads to loss which can't be recovered.

[barbara44]

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

I sort of agree but you know whenever I analyze games and make bets then I always end up on the losing side but when I just take random picks then I often win, so I mean yes we should analyze and bet but at times I feel like betting random ain't a bad idea either as long as you have basic knowledge about the sport.

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.

True and no matter how much you analyze because those odds provider are always doing the same and they have a dedicated team who provide odds I believe so they must be better than us in terms of analyzing and providing correct odds so it is hard to beat them and no matter how sweet a bet looks like it always has chance of losing, unless it's obviously fixed.

[RapTarX]

Because, in soccer it’s too hard to predict with 100% guaranteed win. For instance, who would have thought team with 6 odd would have won? Very few people would be picking such team but eventually the underdog win sometimes.
There's no way you can say everyone is losing. Therr are people who is living on betting and they are very much active and can predict good.
Well, I'm losing most of the times because of bad luck. Within last weeks, I had lost a few multi bets because of underdog team winning. I was able to win the risky match but later I missed the one who I was sure to win.

[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 

[CarnagexD]

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 disapoints us as well after losing.

[FlightyPouch]

Of course, if you loss big amount of money that means you bet a high amount then vice versa with a small amount of bet, very simple to understand isn't? so, my advise to you is if you feel the addiction is coming for you to play more, that's the time for you stop and play another time, and don't be so greedy for profit.

You don't underestimate addiction just like that. It is a problem that you can't just stop whenever you wanted to because it is really hard, you don't even know whether you are already addicted or not. Losing is just normal when it comes to betting so if you don't want to lose your money or want to chase your losses, you better stop because it can turn worse.

Self-denial into addiction is the biggest problem of every gamblers.

Thinking that they are all well capable in handling this matter, they lose more money as they are keep seeking to have some fun, they unaware that they are already engaged too deep. Sports betting  seems so easy when you are betting with your favorite players/teams,
betting decent amount of money in hope that your pick will win, unfortunately shit happened and you will try it over and over.
just continuous repeating the cycle in the end you'll find yourself wasting everything inside your savings.

That is so true. The reason addicts can't just get out or stop is because they didn't even know that they are already addicted in the first place. That is the hardest part for them because all they know is that they are just having fun and they can control themselves while in reality they can't. In that time, they even became mad when people say they are addicted.

[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.