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Author Topic: [Infographics] Does Football Betting Pay Off?  (Read 456 times)
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July 28, 2022, 10:37:24 PM
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 #21

I think that Italian gamblers do not succeed in making money by betting on Serie A matches like the rest of the countries in the chart. Is this due to their lack of awareness of the domestic league or the atmosphere of Italian clubs in stadiums different from other European leagues?
In fact, I don't know the truth behind all this, but the majority of my victories last season were successful with the Italian League!!!
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July 28, 2022, 11:13:18 PM
 #22

This poll is an excellent step in the right direction.

There are so many myths and urban legends about gambling. Any attempt to quantify and define trends in a real world setting are greatly appreciated and serve an important need.

It is common for many to believe that its impossible to make profits investing in stocks, bonds or crypto. Many believe its impossible and that every claimed success case is a scam.

This trend definitely carries over to sports gambling, where many believe it is impossible to consistently profit. I would guess some of the amateur football leagues might be easier to profit from, in contrast to professional leagues. Simply as there is less effort invested by bookies to set misleading lines and less attention there.

Information and knowledge are important to help people make good decisions. I think many would be shocked to know there are gamblers who consistently profit from sports gambling.
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July 28, 2022, 11:26:13 PM
Last edit: July 28, 2022, 11:47:29 PM by famososMuertos
 #23

Is it worth having a coffee, a Coke, going to the movies, I don't understand this type of statistics in a betting niche... go to the Oscars ceremony and ask if it's worth winning an Oscars.

For those who make the bet it makes sense, why question it and especially in such a small niche or study group, you understand the point, betting to the majority in soccer is not a question of profitability.


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July 28, 2022, 11:34:33 PM
 #24

Interesting statistics I love would love to see the stats for some African countries like Kenya, Ghana, Nigeria, Zimbabwe and South Africa. I love also love to see the reverse of the statistics that is sports betting companies that gamblers patronize the most in these countries. One thing I noticed is that less than 50% actually won any money. In other words, over 60% lost their money or didn't win any money. Betting should be done thoughtfully and with a lot of caution.

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July 28, 2022, 11:45:56 PM
 #25

This datas most times are inaccurate because some gamblers neglect small winnings and some centre their overall winnings on  greedy bets neglecting the  few times they made good profit from few odds. On average the few who haven't made money at all from gambling are greedy gamblers who centre their entire life problem around gambling and end up been frustrated
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July 28, 2022, 11:53:28 PM
 #26

This chart shows the share of football fans in selected countries that place bets on matches, and how many of them say they make money from it in 2021.

I am very surprised to see that there is no country in america on this chart.
Maybe because it was limited to only 5 countries, which I didn't like... they could have added much more information to this image.
Anyway, Brazil could be one of the options, but I believe that the ban on gambling is the main obstacle for it to appear in this resolute.
Still... I believe the data is biased, as people often lie when answering about making money in gambling... many of those who claim to have made money are actually great losers, they just don't admit it.

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July 28, 2022, 11:54:06 PM
 #27

It is no surprise to me that mediterrenean countries have the most passionate and even bet loving fans. Especially Italian betting must be big business. But other data where they asked people if they think they won a money seems biased to me as well. People would love exaggerate their wins, and generally ignore their losses. Those stats are like "who are the biggest liars?" in my opinion. I personally love to bet on football although I generally target low scoring teams to get better/surprising odds.

that's funny though! "who are the biggest liars?" but anyway, such infographics should not be taken seriously as there may be some lapses here. for me, it is also not the true representation of bettors that you can get here. but just to give an idea about football bettors in several countries. we also don't know if they got enough sample size to come up with this infographic.

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July 29, 2022, 02:42:48 AM
 #28

This chart shows the share of football fans in selected countries that place bets on matches, and how many of them say they make money from it in 2021.



*Respondents who say that they win money overall in the course of an average season.
n=13,300 adults (16+) interested in football. Conducted in May 2021

Source:https://www.statista.com/chart/26706/share-placing-bets-on-football-matches/
One of the problems with questions like that is that it relies on the memory of people for their study, after all someone could say they are making money with their sports bets but if we actually took the time to see if this is true we will find out this was not the case and they just perceived this to be the case, so for something like this I will prefer to look at the numbers casinos could provide as they will be way closer to the reality, as I doubt 37% of those which bet on soccer matches earn money as they claim at France.

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July 29, 2022, 05:10:45 AM
 #29

This chart shows the share of football fans in selected countries that place bets on matches, and how many of them say they make money from it in 2021.


*Respondents who say that they win money overall in the course of an average season.
n=13,300 adults (16+) interested in football. Conducted in May 2021

Source:https://www.statista.com/chart/26706/share-placing-bets-on-football-matches/

I have a problem with statistics where people get to declare something. As if though most people aren't liars. So when I hear something like "many of them say they make money" I immediately ignore it. I have absolutely no doubt that people will say anything to make them look good. Who wants to admit that they lost all their money and their house maybe even their wife to gambling?  Nobody, a lie sounds better.

There are professionals who are skilled in betting on Football after analysing the players and many things. No doubt those people make money. But thats like 0.1% of gamblers. Most just bet without much thought behind it.

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July 29, 2022, 05:54:09 AM
 #30

Football is the most popular game around the globe and we have seen most bets on the big games and you would see the millions of dollars wager in the upcoming Qatar world cup and lot of promotions are on the way for it.The charts mentioned states the countries with most fanbase of football but paying off depend on the win only and you should bet according to your budget and in limits and maybe you could win some good pay off.

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July 30, 2022, 07:12:45 AM
 #31

This chart shows the share of football fans in selected countries that place bets on matches, and how many of them say they make money from it in 2021.

That is an very interesting chart, I had no idea that betting on football is so unprofitable for most people. The number of people betting per country seems pretty equals around 35%, but the number of people who make is profit is very different. It seems strange to see that only 17% of people in Italy make money with betting, while in France it 37%. I can't believe that there should be such a big difference per country. With more than 13,000 people being asked it's quite a big survey, but I am not sure how representative it is. They don't give any information on how they contacted the participants and if all age groups are represented equally. Standing in front of a stadium and only asking family dads with their sons might be a bit misleading, same goes for only contacting people online. It would also be nice to get some more information on how much these people actually bet, are they regulars or do they only bet a few times per season. If the people only bet 2-3 times in a season than it's much harder to make a profit.
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July 30, 2022, 12:12:58 PM
 #32

There are too many factors influencing an accurate outcome to that survey ...

1. People can lie about their success.
2. The amount of people that participated per country.
3. The knowledge levels of the people that participated. (Professionals or Rookies)
4. Population of the country.
5. Citizenship. (UK are a mix breed of people)

So you cannot simply take this as an accurate reflection of the facts per country. You have to gather more information of the people's background before you draw up the statistics.  Roll Eyes

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August 03, 2022, 04:18:23 PM
 #33

This chart shows the share of football fans in selected countries that place bets on matches, and how many of them say they make money from it in 2021.


*Respondents who say that they win money overall in the course of an average season.
n=13,300 adults (16+) interested in football. Conducted in May 2021

Source:https://www.statista.com/chart/26706/share-placing-bets-on-football-matches/

It is difficult to judge how true these figures are, but if true, then we can assume that Italian football fans are the most honest  Grin By the way, last season was really very random in Serie A, and it turns out that this poll has a clear correlation with what happened in the championship.
As for the overall share of fans who place bets, I'm surprised - I thought it was much less, no more than 5%.

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August 03, 2022, 06:34:06 PM
 #34

There are too many factors influencing an accurate outcome to that survey ...

1. People can lie about their success.
2. The amount of people that participated per country.
3. The knowledge levels of the people that participated. (Professionals or Rookies)
4. Population of the country.
5. Citizenship. (UK are a mix breed of people)

So you cannot simply take this as an accurate reflection of the facts per country. You have to gather more information of the people's background before you draw up the statistics.  Roll Eyes

Fair remarks, but if the statistical sample is large (judging by the * it is huge), then the results are close to relevant, since distortions in different directions compensate each other on average, and if we take the lie factor, then it is presumably the same for different countries. Therefore, the difference between countries is most likely identified accurately. As we can see, the Germans are the most conservative, and the Italians are reckless - an exact match to the stereotypes (which also have a basis).
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August 03, 2022, 06:40:34 PM
 #35

That's what I'd expect, although if asked I'd say that it should be closer to 40%. The problem with people's opinions is that they're always biased and they see failures as more significant than achievements. So if you have an average player who wins exactly 50% of his games, he'll feel like he's not making enough money. He'll respond to the survey by saying he's only winning 40% of the games because the impact of a loss is much higher than a win even if he has both in one day.

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August 05, 2022, 05:18:41 PM
 #36

That's what I'd expect, although if asked I'd say that it should be closer to 40%. The problem with people's opinions is that they're always biased and they see failures as more significant than achievements. So if you have an average player who wins exactly 50% of his games, he'll feel like he's not making enough money. He'll respond to the survey by saying he's only winning 40% of the games because the impact of a loss is much higher than a win even if he has both in one day.

This is quite logical, because if a better wins a bet with odds of 1.5 and loses one bet, then in the end he has -25% of his initial money in the end. In addition, if you try to calculate the percentage of betters who are in the black (for the entire history), then this percentage should tend to zero, the problem is that the survey will never show such data.

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August 06, 2022, 08:54:01 PM
 #37

That's what I'd expect, although if asked I'd say that it should be closer to 40%. The problem with people's opinions is that they're always biased and they see failures as more significant than achievements. So if you have an average player who wins exactly 50% of his games, he'll feel like he's not making enough money. He'll respond to the survey by saying he's only winning 40% of the games because the impact of a loss is much higher than a win even if he has both in one day.

This is quite logical, because if a better wins a bet with odds of 1.5 and loses one bet, then in the end he has -25% of his initial money in the end. In addition, if you try to calculate the percentage of betters who are in the black (for the entire history), then this percentage should tend to zero, the problem is that the survey will never show such data.
It is because of this the survey is not very useful, not only the memory of people is not perfect but their perceptions can change, so if they won recently they may think they are long term winners when in fact that is not the case and affect the results of the survey, also even if we could find gamblers with detailed records about their bets and they were the only ones included in the survey this will skew the results towards the professional players, as only them will have such records as most recreational gamblers will not bother with such a thing.

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August 13, 2022, 10:24:30 PM
 #38

There are too many factors influencing an accurate outcome to that survey ...

1. People can lie about their success.
2. The amount of people that participated per country.
3. The knowledge levels of the people that participated. (Professionals or Rookies)
4. Population of the country.
5. Citizenship. (UK are a mix breed of people)

So you cannot simply take this as an accurate reflection of the facts per country. You have to gather more information of the people's background before you draw up the statistics.  Roll Eyes

Eventually the things you say here are true, many people can lie, sometimes that can damage the results and you can't have totally truthful information, although I think one thing, and as my personal opinion there is one thing that influences many of us , we can have a lot of knowledge, but if there is a team associated to our liking, even if the team is at its worst, the person will always bet in favor of that team, just because the fundamental part is much stronger and weighs more on the team. when making a decision that the same reason for reality, and only this, what we commonly call "emotions" is sometimes far above our own perspectives and can damage a decision.

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August 13, 2022, 10:42:39 PM
 #39

There are too many factors influencing an accurate outcome to that survey ...

1. People can lie about their success.
2. The amount of people that participated per country.
3. The knowledge levels of the people that participated. (Professionals or Rookies)
4. Population of the country.
5. Citizenship. (UK are a mix breed of people)

So you cannot simply take this as an accurate reflection of the facts per country. You have to gather more information of the people's background before you draw up the statistics.  Roll Eyes

Eventually the things you say here are true, many people can lie, sometimes that can damage the results and you can't have totally truthful information, although I think one thing, and as my personal opinion there is one thing that influences many of us , we can have a lot of knowledge, but if there is a team associated to our liking, even if the team is at its worst, the person will always bet in favor of that team, just because the fundamental part is much stronger and weighs more on the team. when making a decision that the same reason for reality, and only this, what we commonly call "emotions" is sometimes far above our own perspectives and can damage a decision.


don't take the infographics seriously. it can only be one of the sources of information. in my opinion, you can't treat it as one of the absolute truths about football betting. there are so many factors influencing the data, and you have no idea how they came up with this graphical representation. at the end of the day, every infographics has their own flaws. but we can appreciate the fact that they have done such survey.

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August 14, 2022, 12:02:59 AM
 #40

but we can appreciate the fact that they have done such survey.
But it's not good when the numbers they're showing could potentially mislead other people from trying out sports betting and make them think they could easily do the same but in reality, the actual percentage is much lower.

Also it'd be interesting to see the other numbers like the total amount of bets that each gambler has placed throughout the season since it's possible for the percentages to be accurate if most of them don't place a lot of bets.

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░░▀████▄▄████▀
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████
░░░░░░█████████

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░░░░▄▄█████▄▄░░█████
░░▄████▀▀████▄
░████▀░░░░▀████
████▄▄█▀█▄▄████
██░░███░░░███░░██
████▀▀█▄█▀▀████
░████▄░░░░▄████
░░▀████▄▄████▀
░░░░▀▀█████▀▀
         ▄▄▄▀▀▀▀▀▀▀▀▀▄▄▄
     ▄▄▀▀░░░░░░░░░░░░░░░▀▄
   ▄▀░░░░░░░░░░░░░░░░░░░░░█
 ▄▀░░░░░░░░░░░░░░░░░░░░░░░░█
▄▀░░░░░░░░░░░░░░░░░░░░░░░░██
█░░░░░░░░░░░░░░░░░░░░░░░▄▀▄▀
▀▄░░░░░░░░░░░░░░░░░░░░▄▀░▄▀
 ▀▄░░░░░░░░░░░░░░▄▄▄▀▀▄▄▀
   ▀▀▄▄▄▄▄▄▄▄▄▀▀▀▄▄▄▀▀
        ▀▀▀▀▀▀▀▀▀
COIN FLIP
       ▄▄▄▄▀▀▀▀▀▄▄▄▄
  ▄▄▀▀▀░░░░░░░░░░░░░▀▀▀▄▄
█▀▄▄░░░░░░░░░░░░░░▄▄▄▀▀░█
█░░░▀▀▀▄▄▄░░░▄▄▄▀▀░░░░░░█
█░░░░░░░░░▀█▀░░░░░░░░░░░█
█░░░░░░░░░░█░░░░░░░░░░░░█
█░░░░░░░░░░█░░░░░░░░░░░░█
█░░░░░░░░░░█░░░░░░░░░░░░█
 ▀▀▄▄░░░░░░█░░░░░░░░▄▄▀▀
     ▀▀░░░░▀░░░░░░░▀
DICE
      ▄▄▄▄▀▀▀▀▀▄▄▄▄
 ▄▄▀▀▀░░░░░░░░░░░░░▀▀█▄   ▄▄▄▄
█▀▀▄▄░░░░░░░░░░▄▄▄▀▀▀▄█▀▀▀░░░░▀▀▀▀▄▄▄
█░░░░░▀▀▄▄░▄▄▀▀░░▄▀▀▀░█░░░░░░░░░░░░▄▄▀█
█░░░░░░░░░█░░░░░░█▀▀▀▄█░░░░░░▄▄▄▀▀▀░░░█
█░░░░░░░░░█░░░░░░█░░░░█▀▀▀▄▀▀░░░░░░░░░█
█░░░░░░░░░█░░░░░░█░░░░█░░░█░░░░░░░░░░░█
 ▀▄░░░░░░░█░░░░░░█░░░░█░░░█░░░░░░░░░░░█
   ▀▄▄░░░░█░░░░░░░▄▄▀▀░░░░█░░░░░░░░░░░█
      ▀░░░░░░░░░▀▀░░░░░░░░▀░░░░░░░░░░░▀
TWO DICE
▄█▀▀▀▀█▀▀▀▀▀▀█▀▀▀▀█▄
▄█▀ ░░░▄▄▄▀▀██▀▀▄▄▄░░░░▀█▄
▄▀▀█▄▄▀▀▀▀░░░▄▀░░▀▄░░░▀▀▀▀▄▄█▀▀▄
▄█▀▀█▀▄ ░░░░░░▄▀░░░░░ ▀▄░░░░░░░▄▀█▀▀█▄
▄▀░░░█░░░▀▄░░░░█░░░░░░░░░ █░░░░▄▀░░░█░░░▀▄
█░░▄▀░░░░░░▀▄▄▀░░░░░░░░░░░ ▀▄▄▀░░░░░░▀▄░░█
█░▄▀░░░░░▄▄▄█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█▄▄▄░░░░░▀▄░█
█▀░░▄▄▀▀▀░░ ░▀▄▄░░░░░░░░░░▄▄▀ ░░░▀▀▀▄▄░░▀█
▀▄▀▀░░░░░░░   ░░▀▀▀▄░░▄▀▀▀░░      ░░░░▀▀▄▀

ETHEROLL
..PLAY NOW..
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