Why most of us are losing money in sports betting?

[bitbunnny]

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.

I don't think that system is so invincible and corrupted in a way that winning is not possible. Otherwise, what is the point and why would people play and some of them win
To my opinion is more the question of risk management and since sports betting doesn't depend only on luck, also on sone skills of each particular gambler.

[lifeOK]

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.

As a human being it's natural we don't like going to lose on betting, even sportsbooks site want to make up money! Both side desire grab money, at the moment when you're betting on sports over and over again the reason you're losing so much money in sports betting. Don't be consistent on betting and try to happy with small winning.

[matchi2011]

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.

Honestly speaking that's for real, it's more on losing your money than earning out from it, but some experienced gamblers manage to get
some out fromt the house and enjoy the rest of their stays.

Not majorities or we can say selected only, gamblers who manage to quit before losing their funds, those who are not allured with house tricky strategy, we lose more because of focusing with trying to win big than enjoying small profits.

[Oshosondy]

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.

I think gambling is beyond greediness, people that are gambling can also be greedy, but what I can say to this is that we should not see gambling as a business, we should not also gamble often, we should use the money we can afford to lose. In this case, it takes discipline and not having gambling addiction, if someone is not having both qualities, then greed comes in. We should also know that no matter how expert we are, the more frequently we gamble, the more likely the chances to lose.

[skarais]

I don't bet too much on sports betting because I love dice and slot. But at least I have also tried and won bet on several occasion and it may not be worth the amount I have paid.

~~~

I agree with everything you say. But maybe very few people care about that. It is wrong if gambling is used as a source of income because maybe in the end everything will go bad. Self-control rather than the desire to continue gambling is still very difficult for most gambler in general, this is a natural trait if they are addicted. But as long as the addiction is controlled and limit the use of money then everything is probably fine.

[hahay]

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.

I think gambling is beyond greediness, people that are gambling can also be greedy, but what I can say to this is that we should not see gambling as a business, we should not also gamble often, we should use the money we can afford to lose. In this case, it takes discipline and not having gambling addiction, if someone is not having both qualities, then greed comes in. We should also know that no matter how expert we are, the more frequently we gamble, the more likely the chances to lose.

The bettor who gambles with money that must make a profit will basically not continue to lose more as long as they have complete control over themselves, so gambling with any money or even gambling with borrowed money will definitely not be a problem. I personally have experienced great losses in several types of gambling and not only in sports betting and I think every gambling is the same, it can be a threat and it can also be profitable, it all depends on the emotions you can control.

[Serious475]

I don't bet too much on sports betting because I love dice and slot. But at least I have also tried and won bet on several occasion and it may not be worth the amount I have paid.

~~~

I agree with everything you say. But maybe very few people care about that. It is wrong if gambling is used as a source of income because maybe in the end everything will go bad. Self-control rather than the desire to continue gambling is still very difficult for most gambler in general, this is a natural trait if they are addicted. But as long as the addiction is controlled and limit the use of money then everything is probably fine.

We cannot do a thing if other gamblers are gambling for their own daily lives and make it their main source of income because there are some countries where jobs are not too many and not all the people are able to get a job due to their educational attainment. But, we also need to control ourselves because making the gambling your main source of income will be having no worth if your health gets wrose. If your health goes worse then you cannot gamble and you will not be having income and you also need to pay your hospital bills.

[abhiseshakana]

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.

Actually what makes gamblers lose in sports betting is not because the system is fraudulent, but because many gamblers have a greedy nature, especially when they have won bets so they will continue to make bets until they realize their money has run out.

At least every gambler must have won the bet, and I think this winning will be addictive and a motivation to pursue the other wins. But if they end up losing on the day afterward, then their motivation will change to recovering losses. When gamblers are trapped in this condition, then without them knowing it is a way that consumes their money.

[Natalim]

I don't bet too much on sports betting because I love dice and slot. But at least I have also tried and won bet on several occasion and it may not be worth the amount I have paid.

Me, doing the opposite of yours, I would go big on sports betting, manage some wins but in overall status I am still in the losing side. I think no game would really give the majority of bettors the advantage as even in sports betting, majority of bettors are still losing money, and that does not change until now that information can easily be acquired through the internet.

[uneng]

In gambling the chances are against you, doesn't matter what game you are playing. Keep in mind when betting you have to give the house some comission while you still need to pick the right result between 3 different possibilities (team 1, team 2 and draw). That is pretty certain most gamblers won't succeed on this task on long run.
As mentioned on this thread you can do a lot of things to increase your profit chances with sports betting on long run, but they aren't a recipe you follow to have 100% chance of finding a bucket of the gold in the end. Actually if most people were winning, from where would the profits be coming?

[Finestream]

In gambling the chances are against you, doesn't matter what game you are playing. Keep in mind when betting you have to give the house some comission while you still need to pick the right result between 3 different possibilities (team 1, team 2 and draw). That is pretty certain most gamblers won't succeed on this task on long run.
As mentioned on this thread you can do a lot of things to increase your profit chances with sports betting on long run, but they aren't a recipe you follow to have 100% chance of finding a bucket of the gold in the end. Actually if most people were winning, from where would the profits be coming?

House commission can always be avoided as a gambling sites or a sportsbook in particular do offer different odds.
In fact, they offer odds like 4.00, and if you win taking that, you'll get 300% profit of your bet.

It's up to you, if you are always betting on 1.90 odds, then you'll have to pay 10% commission every time you win.

[Serious475]

In gambling the chances are against you, doesn't matter what game you are playing. Keep in mind when betting you have to give the house some comission while you still need to pick the right result between 3 different possibilities (team 1, team 2 and draw). That is pretty certain most gamblers won't succeed on this task on long run.
As mentioned on this thread you can do a lot of things to increase your profit chances with sports betting on long run, but they aren't a recipe you follow to have 100% chance of finding a bucket of the gold in the end. Actually if most people were winning, from where would the profits be coming?

Even if we have a team 1 win, team 2 win or a draw it still has a different rate of possibilities depends on the players, the place of game and even on referees. Those three factors are getting analyzed by the professionals gamblers to know which is going to be the winner. Players can change the possibilities if one team has a better and skillful, Place of game can change the possibilities because the fans of one team can be more than the other, referees can also change the possibilities of the game because different referees has a different practices.

[Oneandpure]

Almost miss one match when betting for soccer match, I don't know why could lost one match although I choose big team for my betting, remember with last week when Primer league almost my prediction is true just left for Arsenal versus Aston Villa, I think many fans know how performance of Arsenal after beating Manchester United and will going on good match for defeat Aston Villa, but what happen Arsenal loss with higher score from Aston Villa just get bad result from other week after three time loss, but why Arsenal look not believe can loss from Aston Villa. This most crazy in gambling when you make betting sport and always have miss your faith prediction is correct but the result is not good for you.

[butt_coin]

Before COVID screwed everything up this year I had done fairly well across the last 3+ years essentially betting full time with an ROI of around 5.5% which was as well as one can hope for with a large enough sample. I've made some money after the leagues restarted but it became hard to model and I just about broke even since July.

A few things:

Top flight European soccer spreads and even goals are unbettable. The bookies have far too sharp of lines, especially since they have access to data you don't (unless you pay a ton of money or know how to access some stuff you aren't supposed to). There are viable markets in things like bookings, corners, in part because they are somewhat incidental - nobody plays to get booked or relies on a lot of corners to win - and somewhat related to referee performance as well. Those are the kind of data you can actually get and do some modeling with but it's still not that great of markets.

COVID also really screwed up the lower leagues in out of the way countries and that's really the biggest shame when it comes to betting on soccer. Advanced metrics haven't really hit the lower youth leagues in countries like Algeria or Tanzania or Iran yet but you can bet on them nonetheless. This gives you a better shot at finding something the bookies missed. U20 internationals in South America, some of the lower league North African matches can be wildly mispriced and that's the sort of opportunity you really need. I had a leg up as I logged 10,000+ hours of Football Manager over just 4 editions and have some familiarity with almost any league that made it into the game at some point (and took Ireland to two World Cups in the same save)  but hey, it really teaches you a lot.

MLB, NBA, and NHL are actually still excellent markets but for completely different reasons. MLB's advanced metrics (sabermetrics) is so ridiculously advanced and the data entirely accessible instantaneously direct from the league down to the angle and speed of each pitch and each swing of the bat that there's a lot of stuff that the bookies simply can't keep up with. I'm not sure if it's really bettable if you aren't familiar with advanced metrics and projections at that level, but if you are there are gaping mispricings every day and the season goes for 162 games (when COVID isn't around) and so the dataset is huge and more importantly, bookies have trouble pivoting on quickly enough on real-time changes that you would be abl to notice in game and then test out immediately with data, and they run on a lot of old assumptions and "common wisdom" which doesn't play out in practice. COVID ruined this but for as long as I have data on the lines, spring training games where the "road" team is an AL team that didn't make the playoffs the year prior, just betting on that would leave you up 200 units up since 2007. Those games don't even count, but they count for money. This was in part due to bookies assigning a home team advantage when in spring training there's next to no home field advantage and they forget that after the 7th inning they swap out every player and put in random minor leaguers. There are a few other really obvious and consistently mispriced lines in baseball betting and can make you a fairly tidy sum of money. Remember that you should be betting on value anyway, so you're really betting against how well the bookies are setting the lines, not other actual people or even the teams in a sense (unless you're in a betting exchange situation but those don't exist for Americans). Stuff like weather, umpire, bullpen fatigue, whether a pitcher works well with a catcher or not are all elements that in the aggregate can give you a 1-2% edge if you correctly take into account. I have a 16% ROI from just betting on ML dogs in baseball spring training 2019.

NBA is even better since there's basically 0 point in betting on anything for the whole game. First quarter, first half road dogs, filter by the obviously related params like strength of bench and turnovers, can really be great bets. Last few years the Nets, the Hawks, and the Grizzlies managed to do incredibly well in the 1st half and then consistently blow the second half. 1st half ML bets are a god damn goldmine. Particularly for road dogs, I have a 23% ROI after 239 wagers going 93-139-7, offsetting a fairly bad home ML dog record of -5% ROI. Something similar goes for hockey.

Some countries definitely have rigged games all the time though. Don't bet on Serbian domestic soccer, or the Chinese domestic league, or quite a few others. Stick to leagues where the pay is high enough to make rigging matches a bad deal.

Also, you're in it for the long haul anyway so variance is gonna be a thing no matter what. Don't panic and run your analysis. Individual results matter if you're a supporter, but as a bettor it is just what it is. I try not to bet on or against teams I support though, and leave most of the work to bots when it comes to placing the bets.

But anyway, yeah, it's entirely possible to make money doing this, but you'll need to be a step ahead of the bookie and really understand analytics and data or exploit any knowledge gaps. Unfortunately, unless you treat this as a job (as I did), you won't have time or energy to get all this done on your own, most likely, and insofar as betting systems never work, for sports it's true s well but datamining isn't a betting system, it's just analytics.

[Saint-loup]

It's up to you, if you are always betting on 1.90 odds, then you'll have to pay 10% commission every time you win.

I'm sorry but I don't understand your statement very well, how could you conclude that?
If your actual chances of winning are above 53%, you won't pay any commission with 1.9 odd
You will pay 10% commissions if your winning chances are 50% at most

[South Park]

In gambling the chances are against you, doesn't matter what game you are playing. Keep in mind when betting you have to give the house some comission while you still need to pick the right result between 3 different possibilities (team 1, team 2 and draw). That is pretty certain most gamblers won't succeed on this task on long run.
As mentioned on this thread you can do a lot of things to increase your profit chances with sports betting on long run, but they aren't a recipe you follow to have 100% chance of finding a bucket of the gold in the end. Actually if most people were winning, from where would the profits be coming?

Correct, sometimes I have heard that some people say that there is no house edge on sports bets and obviously this is false, there is a house edge on each casino game and the ones in which there is not like poker they still get a rake for allowing you to play on their installations, so we lose because of the house edge and while some good gamblers can overcome it with great play the majority cannot and there is nothing wrong with that, we just must accept that we do not have the skill to beat the casino on their own games.

[pankowri]

It's up to you, if you are always betting on 1.90 odds, then you'll have to pay 10% commission every time you win.

I'm sorry but I don't understand your statement very well, how could you conclude that?
If your actual chances of winning are above 53%, you won't pay any commission with 1.9 odd
You will pay 10% commissions if your winning chances are 50% at most

The odds normally displayed at 1.90 for a 50/50 chance of winning game. 1.90 from team A and 1.90 from team B, so regardless of what team will win, sportsbook will make an instant 10% profit since they only need to pay 90% of the bettors winning, them keeping 10% of the losing bet. I think that's what he is trying to explain.

I think sports betting is a Lucky thing to win because your favorite team can't be formed all the time and they can be lost a match and you may lose your funds for the match. So it is difficult to say. Few days ago I bet on IPL matches and my prediction was wrong most of the time. At the same way, maximum people are losing their money.

[BuNga_cute]

It seems that almost all gamblers have experienced losing money in sports betting, because indeed for sports betting requires luck to win.
So no matter how good your knowledge of sports is, it still cannot guarantee success in sports betting. Experience and knowledge in sports
betting only minimizes our loss, but it does not prevent us from avoiding losses. So no effective way has been found to avoid losing in sports
betting. Most importantly, the number of victories we have must be more than the number of defeats we experience. And if we have managed
to get profit from sports betting, stop immediately, if it continues will suffer defeat in the end.

[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.

Perhaps, losing most of the time in any gambling site online was already a nature of this business type.
Maybe also a gambler loss their money in the gambling it's because of addiction, greediness, habit, these are the things
that I most often see every time I played in the gambling platform.

[swogerino]

It seems that almost all gamblers have experienced losing money in sports betting, because indeed for sports betting requires luck to win.
So no matter how good your knowledge of sports is, it still cannot guarantee success in sports betting. Experience and knowledge in sports
betting only minimizes our loss, but it does not prevent us from avoiding losses. So no effective way has been found to avoid losing in sports
betting. Most importantly, the number of victories we have must be more than the number of defeats we experience. And if we have managed
to get profit from sports betting, stop immediately, if it continues will suffer defeat in the end.

Even though in sport betting many people and gamblers say that it is 75% skill and 25% luck that luck factor together with the referee who always impact a game a certain away determines how the game will end and that is why most of us lose money in sport betting.