[Infographics] Does Football Betting Pay Off?

[icalical]

I think the more you bet is the more you lose, so people who said they earn more than they lose and actually make money out of betting is the one who does betting as hobby, they bet like once in 2 or 3 months, and they are lucky to win those. While most people who bet weekly, or even put more than 1 bet each week, they will lose more than they make profit.

Other than that the chart only tell the amount of people that win money, it does not state that those people who win money win more than they lose.

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[LUCKMCFLY]

I don't know if anyone above me has already mentioned this.
What about a guy, who made 100 losing bets of small amounts of money and only one extremely lucky bet that won 10x or more? Assuming that he made more money with that bet than the money he lost. Does this make him a successful gambler or a loser? Maybe he sees himself as a winner, while in reality he's a loser, who happened to be extremely lucky for once.
I also think that many sports bettors are exaggerating their success so this survey can't be accurate.
Why aren't other European countries included? Football betting is very popular in my country. The TV shows are full with football betting ads.

In that case, if the gambler ended up with more money than what he initially started, then that's a successful gambler. It's just math.

Now, in the head of that person, it will probably feel like he lost, because our brains perceive losing more intensely than winning. So, let's say he won and lost, and eventually ended up with the same amount of money he entered, he would feel the losses more than the winnings, so it will be a negative feeling in the end.

This is called loss aversion: https://en.wikipedia.org/wiki/Loss_aversion

It is interesting, but I think that in these eventual cases several things can happen, the first is that when a bettor or player wins in one thing more than the previous ones, this gives him the opportunity to make very large bets from the beginning, because he thinks he knows a lot and that he is going to win, in fact he has a lot of confidence, second, if he does, the chances of winning for the player decrease, and third, I think that a person who does that and is lucky, as they have said before, should continue playing but with very minimal bets, because the idea is to add and add, to make the balance grow, even if very little.

I think the more you bet is the more you lose, so people who said they earn more than they lose and actually make money out of betting is the one who does betting as hobby, they bet like once in 2 or 3 months, and they are lucky to win those. While most people who bet weekly, or even put more than 1 bet each week, they will lose more than they make profit.

Other than that the chart only tell the amount of people that win money, it does not state that those people who win money win more than they lose.

Well this is something that we all know but that few talk about, it's like the commercial for cigarettes, if you start to watch the commercials for cigarettes they are beach, sun, beautiful women in bikinis and the last thing and in very small bold letters they say the warnings about what all cigarettes bring and the damage to health they do, some salesmen say them but quickly and ultimately, almost incomprehensible, that's what this is about, when a person loses more than he earns it's obvious that He almost won't say it, because it will feel a bit sad, although in my case it's not like that, whenever I lose I still say it because I consider that as a player one should face that in the best way.

[Silberman]

I think the more you bet is the more you lose, so people who said they earn more than they lose and actually make money out of betting is the one who does betting as hobby, they bet like once in 2 or 3 months, and they are lucky to win those. While most people who bet weekly, or even put more than 1 bet each week, they will lose more than they make profit.

Other than that the chart only tell the amount of people that win money, it does not state that those people who win money win more than they lose.

And you are correct, it is a very simple concept, the more you bet the more you lose, and yet many of those which develop some gambling issues never understand something so simple, but once you understand that concept then any kind of dream of trying to make money when you gamble dissipates and you begin to treat gambling for what it is, which is a way to entertain ourselves by spending some of our money at a casino without any expectations of actually turning profitable.

[virasisog]

I think the more you bet is the more you lose, so people who said they earn more than they lose and actually make money out of betting is the one who does betting as hobby, they bet like once in 2 or 3 months, and they are lucky to win those. While most people who bet weekly, or even put more than 1 bet each week, they will lose more than they make profit.

Other than that the chart only tell the amount of people that win money, it does not state that those people who win money win more than they lose.

And you are correct, it is a very simple concept, the more you bet the more you lose, and yet many of those which develop some gambling issues never understand something so simple, but once you understand that concept then any kind of dream of trying to make money when you gamble dissipates and you begin to treat gambling for what it is, which is a way to entertain ourselves by spending some of our money at a casino without any expectations of actually turning profitable.

We shouldn't get deceived by this kind of survey results because they didn't include the money that they have lost along the way. We all know that in order for us to win in gambling, there are also losses that we have to encounter so we shouldn't misinterpret this information because they didn't win without losing. We can't gain a huge profit in gambling consistently, because that usually happens very rarely.

[Alisha-k]

There's probably an issue in relying on people to answer honestly (and know) whether they've actually made money on it or not.

I guess a lot of them with higher profit chances probably bet on fewer games (maybe just a final/semi) while those with a higher majority making a loss would be more likely to bet on more games (some might also watch matches and factor a bet into their ticket cost).

You get better odds if you bet against your own country too (that's probably why France and the UK are high ).

Absolutely.

That's usually the case in gambling. People will always tell the stories about when they won, but forget to tell about all the times they lost money.

Some people seem to simply forget the times they lost, and celebrate the times they won. It's funny how the brain works. And casinos try their best to make gamblers continue to play for a long time, so that they win a few times, but in the end they lose money if you actually count the money in and out.

True that. People tend to only brag about when they won abd how the game they predicted was collected by one or two persons but when there's a loss, you find that these individuals are quiet about it and may choose to ignore that they played such a game.
 Yes. It pays off but one has to be ready to take risks because sometimes, you could bet a little money on a high odd or vice versa and find that even tho it was clear to be a win, you end up losing. And that's the part people will not want to show.

[Webetcoins]

I think the more you bet is the more you lose, so people who said they earn more than they lose and actually make money out of betting is the one who does betting as hobby, they bet like once in 2 or 3 months, and they are lucky to win those. While most people who bet weekly, or even put more than 1 bet each week, they will lose more than they make profit.

Other than that the chart only tell the amount of people that win money, it does not state that those people who win money win more than they lose.

This is not true for some people. I have seen some that start pretty bad but their final result is positive. The more the loss that they obtain the more the chance that they will saw a huge multiplier. People who earns more than what they lose in gambling could be extremely lucky.

Only a limited number of people have achieved that so far but the majority is still trying their luck in the hopes of getting that jackpot someday which can recover all their past losses and make their gambling stats green/positive again. If betting is your hobby then you can spend more time doing it. Those who do one to two bets per week or month are people who are only trying their luck and not heavily attached to it.

[dothebeats]

This doesn't say anything at all. It only shows the percentage of people winning on a certain country on football betting, and that's it. The same infographic can be done on other sport and have people answer it. You can't confirm the bias on these people's answer so I don't think you can count on these numbers as somewhat reliable. No matter the sport you bet on, if you only bet on games that has an obvious outcome, you can make money off of it, and the more you bet on the sport, the more chances there is that you can lose on it too.

[AicecreaME]

Anyone that wants to gamble should know they should not use more than the amount of money they can not afford to lose. That is what most matters that gamblers should always keep in mind and always abide too. If there is fun been around friends and gambling with the amount you can afford to lose, there is nothing bad there. I do not care if gambling is profitable for me as long as I see it entertaining. Using less than 5% of my monthly income has make it not of stress or of depression for me.

Spending money within your means is really essential in gambling. You should only bet what you can only afford to lose because the risk in gambling is high enough to take away your hard-earned money, most especially if you belong to the class of high-risk gambler. You shouldn't let yourself be indulged in gambling if your budget is just limited because you'll just end up having empty pockets and maybe a bank account too.

You should only bet the money you are confident to let go if ever the odds aren't on your favor. You should also have a good emotional state because losing a bet is mentally draining and emotionally painful, especially if you lose big amount in as single bet only. If you can't control yourself in betting more, then probably it's time for you to reevaluate your gambling habits or perhaps the mere idea of you playing gambling despite being an impulsive gambler. Financial literacy and risk management are essential things in gambling. If you are having a hard time to either of these, it could put you and your funds at great risk which means betting strategy of yours could not be effective and is possibly not worth the chance.

[Cookdata]

I think the more you bet is the more you lose, so people who said they earn more than they lose and actually make money out of betting is the one who does betting as hobby, they bet like once in 2 or 3 months, and they are lucky to win those. While most people who bet weekly, or even put more than 1 bet each week, they will lose more than they make profit.

Other than that the chart only tell the amount of people that win money, it does not state that those people who win money win more than they lose.

No, I don't think so. This is determined by the type of game you bet on and the frequency with which you bet. I have a friend in my neighbourhood who is well-known and popular for the betting lifestyle, this guy literally spends almost days of his life in a physical betting shop betting on popular English matches and rarely wins a single parlay of bets. I also know a guy who bets in his spare time, wagers large sums of money, and it turns out that he always wins. They both play repeatedly, but the first guy is addicted, and you know what happens to a gambler when they are addicted, loss after loss is what they get.

[CryptoHeadlineNews]

Actually, the game of football betting pays off, most especially to those who are lucky enough, because to be frankly speaking, it's never always been easy predicting possible outcome of a football match and winning with respect to past performances, because the chances of winning is always slimmer to that of losing. However, there have been news of people winning big with as little investment capital, which is why if I'm to advise anybody, i'll say just play for the fun of the game, playing with the amount you could afford to lose if incase you don't win and try not to get too addicted, as it can also be frustrating

[wheelz1200]

It's the same question for any sports bet or even casino games.  For the most part no it's not worth it because the odds are always stacked against the bettor.  The part where it makes sense is smaller amounts in the form of entertainment.  By betting on games ypu watch more intently and could makes games otherwise you wouldn't watch now more interesting.

[Silberman]

This doesn't say anything at all. It only shows the percentage of people winning on a certain country on football betting, and that's it. The same infographic can be done on other sport and have people answer it. You can't confirm the bias on these people's answer so I don't think you can count on these numbers as somewhat reliable. No matter the sport you bet on, if you only bet on games that has an obvious outcome, you can make money off of it, and the more you bet on the sport, the more chances there is that you can lose on it too.

It is important to always remain skeptical of what we read, the data presented on the chart may seem to give the idea that winning money while betting on football is something easy to do as so many people seem to be obtaining positive results, but since there is nothing to back up this data except the statements of those people we cannot afford to believe them, especially when we have a whole body of evidence that tell us that it is almost impossible to beat the casino at their own games.