Why most of us are losing money in sports betting?

[Questat]

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.

I don't mind that kind of principle actually, no way I would just rely on luck, i will go with 99% skills and 1% luck, as that is I believe the recipe for success, when you have a big percentage of luck, well, you will really just gambling and most likely you will just lose in the long run.

[traderethereum]

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.

Playing gambling for a long time sometimes can make us forget the other thing that we need to do. We always need to remember how long we can play gambling because if we can not do that, I am afraid that we can spend more money, which we don't know if we can win or lose.
Maybe it's not about how much money we lost, but it's how excited we bet on many sports games, especially if we knew many games and which team has the support to win.
We need to change that before the addiction comes to us and we can not stop as soon as possible.
When we win, we need to stop betting. After all, if you continue to bet, you can place more bet in various sports games and become greedy because you want more winning.

[JohnBitCo]

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.

I don't agree with this division of skill and luck in sports betting. The skill is sport betting includes how much you know about the teams and players and their strength and weakness. But even if you have complete knowledge about all these details, still you can lose the bet because not always the stronger teams wins.

[peter0425]

One thing you should always bear in your mind is, as long as games/sport is concerned about there is an opponent and there must be a loser and a winner, a draw is not a conclusion. Therefore the bet or gambling in games,there must be a loss and a win. What makes the chances wider is the scores betting, I don't know how they call it in gambling terms, (predicting the scorer, how many goals,....)

The capacity of the team and the opponents is what concerns them all that is why they say it can be predictable .
But all and all?it is the Luck that will still makes us win and that is the reality in gambling.
also some calls this a investment area in which i don't really understand why.

[Finestream]

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

Actual of winning? No, I don't really think that the odds is based on the actual chance of winning as that could be fake or a trap that bookmakers are trying to give us.  10% is the standard juice of sportsbook, if you bet on ML on a team that are almost the same stats or strength, bookies would not give us 2.00 as they won't get anything for facilitating our bets, they will give us 1.90 or in some sites will increase to 1,95, but mostly it's 1.90.

[FlightyPouch]

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.

Well, we can say that it is usually on addiction, greedy people, and habit since they are the ones that usually do gambling. Under habits, we can also say those people that says gambling is their entertainment is there since even though they are gambling for fun, they can't just say they are always winning right? So they are also losing their money.

[lifeOK]

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.

That's point. If you don't manage your money properly and you place wagers on the wrong place and then it's inevitable your bet too often experience losing side. This things happened by mostly but this things are also completely avoidable by taking necessary steps.

[Vaculin]

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.

That's point. If you don't manage your money properly and you place wagers on the wrong place and then it's inevitable your bet too often experience losing side. This things happened by mostly but this things are also completely avoidable by taking necessary steps.

You'll never know if you place at the right or wrong bet, you'll only know that after the game. Money management or bankroll management is very important so you will stick with your game plan and not getting carried away by your emotion which would result you as a gambler in being aggressive putting big amount in your bet.

[KTChampions]

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.

There is no difference. Whatever you bet on - dice or sporting events, the one who accepts the bet gives you a coefficient that does not allow you to increase the deposit over a long distance. I agree that there is a lot of variability in betting (due to the fact that teams have less predictability than dice), but at a distance it smoothes out and the mathematical indicators become indistinguishable.

[GeorgeJohn]

Normal the total number of people playing bet if it's 100% its only 25% that benefit properly from bet, the reason people lose via bet is based on them don't exercise patients when booking game, such seriousness normally lead's losing game but I understand that at times it's come through luck for those people who tried to win, but i noticed that in mixed of gambler's majority lose and few benefit, so that is the reason I always emphasis that gambling is meant for people who are financial buoyant so that the occurrence of lost happen it will not really affect the person.

[Renampun]

...
That's point. If you don't manage your money properly and you place wagers on the wrong place and then it's inevitable your bet too often experience losing side. This things happened by mostly but this things are also completely avoidable by taking necessary steps.

but even careful preparation can sometimes not the same as what will happen...
The point is that it all comes back to each individual, you must be consistent with your plan from the start, if it is not appropriate then return to correction. placing bets will not always be right on target because it is someone else playing on the field.

[Saisher]

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.

It takes time and effort, sports betting is different from casino betting, on casino betting you only have luck to rely, on sports betting you have to analyze the team the competition and the condition, something we do not have time to consider and just bet on our hunch, but there are a lot of sports bettors that made a lot of money and it's much better than gambling on casinos.

[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

Actual of winning? No, I don't really think that the odds is based on the actual chance of winning as that could be fake or a trap that bookmakers are trying to give us.  10% is the standard juice of sportsbook, if you bet on ML on a team that are almost the same stats or strength, bookies would not give us 2.00 as they won't get anything for facilitating our bets, they will give us 1.90 or in some sites will increase to 1,95, but mostly it's 1.90.

Yes you're right it's difficult to speak of "actual chances of winning" for this kind of outcomes. Nobody can say what are these actual chances. But 10% it's a huge commission IMO

[FlightyPouch]

Sports betting is a combination of both luck + research. First and foremost is research which helps you to know the team which may have the upper hand so that you can bet on it and then some part is the luck which may help you win the bet as that day may belong to that team.

But that doesn't apply to anyone, and I think it is not the term "research" that we usually say but the analysis of the team and players. I say that it doesn't apply to anyone since they have the knowledge about the team and the players so these gamblers could just make some adjustments based on the available data or scenarios. Still, they can lose even despite all of that, the reason we call it gambling.

[Danslip]

Sports betting is a combination of both luck + research. First and foremost is research which helps you to know the team which may have the upper hand so that you can bet on it and then some part is the luck which may help you win the bet as that day may belong to that team.

But that doesn't apply to anyone, and I think it is not the term "research" that we usually say but the analysis of the team and players. I say that it doesn't apply to anyone since they have the knowledge about the team and the players so these gamblers could just make some adjustments based on the available data or scenarios. Still, they can lose even despite all of that, the reason we call it gambling.

We lose on slots, card games, and sports betting but the reasons are not the same for all mentioned categories of gambling. Having an argument to win on a gamble and just gambling based on the inside feeling will create a different profit curve over time. I prefer to lose on sports betting if the chances are in my favor for this decision. If the odds can be controlled by the gamblers, the smart gamble will go for the best possible choice which is sports betting here.

[Ryker1]

Sports betting is a combination of both luck + research. First and foremost is research which helps you to know the team which may have the upper hand so that you can bet on it and then some part is the luck which may help you win the bet as that day may belong to that team.

But that doesn't apply to anyone, and I think it is not the term "research" that we usually say but the analysis of the team and players. I say that it doesn't apply to anyone since they have the knowledge about the team and the players so these gamblers could just make some adjustments based on the available data or scenarios. Still, they can lose even despite all of that, the reason we call it gambling.

Well, you have a point there. Betting is not just because of the research and luck, there are some instances that you will perhaps lose because of the player's conditions or the team at the moment. Even though betting has only two options ^{[win or lose]} but this odd is very difficult to maintain a winning streak. However, losing too much money will depend on us not on the betting, if you will lose continuously in a row, just take a rest and come back after a break because betting or any gambling that use skills perhaps needs to have to take a break.

[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?

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.

Yes, that is a fact. If a gambler wins 50% of his bets he is still in loss. From 53% on then we could say it started to be profitable.
Interesting that even at land based casinos where gamblers play sports betting they have to give some comission to the house workers when they win. I don't know what happens if they don't do, but it's a kind of tradition, what it's not bad at all because it guarantees gamblers free drinks and even free meals in some houses.

[Shasha80]

Sports betting is a combination of both luck + research. First and foremost is research which helps you to know the team which may have the upper hand so that you can bet on it and then some part is the luck which may help you win the bet as that day may belong to that team.

But that doesn't apply to anyone, and I think it is not the term "research" that we usually say but the analysis of the team and players. I say that it doesn't apply to anyone since they have the knowledge about the team and the players so these gamblers could just make some adjustments based on the available data or scenarios. Still, they can lose even despite all of that, the reason we call it gambling.

Well, you have a point there. Betting is not just because of the research and luck, there are some instances that you will perhaps lose because of the player's conditions or the team at the moment. Even though betting has only two options ^{[win or lose]} but this odd is very difficult to maintain a winning streak. However, losing too much money will depend on us not on the betting, if you will lose continuously in a row, just take a rest and come back after a break because betting or any gambling that use skills perhaps needs to have to take a break.

I agree that if we have a losing streak it is better to rest first and stop playing gambling for a while. So that our minds can be calm
and not stressed, because we force gambling when we experience successive losses, only makes us lose even more money. If our
minds have calmed down, we can maximize our abilities when playing gambling.

[maydna]

I agree that if we have a losing streak it is better to rest first and stop playing gambling for a while. So that our minds can be calm
and not stressed, because we force gambling when we experience successive losses, only makes us lose even more money. If our
minds have calmed down, we can maximize our abilities when playing gambling.

Usually, after a losing streak, we will feel hard to stop playing gambling because we are still curious about the last gamble. We believe that our analysis is good, and we have the right selection to choose the team, but suddenly, the situation changed, which makes us lose the money.

We need to force ourselves to stop for a while to calm down our tension and mind because that can help us clear the mind. And after we can feel better, we can try to place another bet on another team, which we believe that we have a chance to win. But don't overconfident with our analysis because everything can happen in the field.

[Salauddin1994]

The reason most people lose money on gambling is because they have no idea about gambling in order to earn money they participate in the game in which case they lose everything before seeing this you have to learn about betting it depends on fate it is often possible to move forward by applying one's intellect you just have to be more discriminating with the help you render toward other people. And no matter what kind of betting you do you need to analyze the site carefully and move forward according to the plan and think positively.