Why do 90% of Bettors Lose in Sports Betting in the Long-term?

[alexluthor]

Understanding the concept of fair odds is a pivotal step towards grasping why the vast majority of bettors continually face losses in the realm of sports betting.

Let’s start with a simple coin toss, where each side holds a 50% chance (or 0.5) of landing face-up. The fair odds here would be 1/0.5 = 2.

Now, consider a six-sided dice roll. Each face possesses a 16.67% chance (or 0.1667) of landing face-up. The fair odds, in this case, would amount to 1/0.1667 = 6. If you bet on five out of the six faces, you secure an impressive 83.33% chance (or 0.8333) of winning. The fair odds for this scenario equate to 1/0.8333 = 1.2. In other words, if you place a $1 bet on five out of the six faces and win, you’ll receive $1.2.

At this point, you might be tempted to think that betting on favorites with low odds would ensure long-term success. However, that’s not the case.

Let’s delve into some calculations:

Expected Value (EV) in statistics is a predicted value of a variable. It is calculated as the sum of all possible values, each multiplied by the probability of its occurrence. In the context of sports betting, EV represents the long-term average payoff from an event. If the EV is positive (+EV), the bet holds the potential for profitability in the long run. Conversely, if the EV is negative (-EV), the bet is likely to result in losses over time.

EV = (Fair Win Probability) x (Profit) - (Fair Loss Probability) x (Loss)

Consider an operator that charges a commission for the dice roll game, causing the favorite to have odds of 1.17 and the underdog odds of 5.85.

What would happen if you bet on the favorite in the long run?

You’d end up facing losses. Let’s calculate:

EV = 0.8333 x ($0.17) – 0.1667 x ($1) = -$0.025

In this case, for every $1 bet, you’d lose $0.025.

The result would be the same if you bet on the underdog with odds 5.85:

EV = 0.1667 x ($4.85) – 0.8333 x ($1) = -$0.025

It doesn’t matter whether you bet on low odds or high odds; in the long run, you’ll lose money.

Now, imagine a tennis match where two players are evenly matched, each holding a 50% chance of winning. The fair odds for both players would be 2.0. However, bookmakers offer lower odds, such as 1.9 for each player. This discrepancy represents the bookmakers’ commission.

Let’s calculate the EV with odds of 1.9:

EV = 0.5 x ($0.9) - 0,5 x ($1) = -$0.05

These examples highlight one of the main reasons why the majority of bettors struggle to make profits in sports betting.

Placing bets based on guesswork simply doesn’t work!

So, how can you break free from this cycle of losses?

To beat the bookmakers, you need an EDGE, a strategic advantage that maximizes your chances of success. Here are some proven strategies that bettors can explore:

Value Betting: This strategy involves identifying differences between perceived probabilities and bookmakers’ odds. Experienced bettors gain an advantage by strategically placing bets on outcomes with higher odds than the actual probability suggests. A simple way to find value bets is by comparing the odds offered by different bookmakers and considering the odds from “sharp bookmakers” such as Pinnacle as the “fair value.” If you find a significant difference, you have identified a value bet. This approach sets the foundation for long-term profitability, although some variance is expected.

Arbitrage Betting: This simple yet clever technique capitalizes on variations in odds offered by different bookmakers. By placing wagers on all possible outcomes of an event, you guarantee a small profit, regardless of the result. However, it’s essential to be aware of potential risks, such as the cancellation of bets by bookmakers.

Bonus Hunting: Exploit bookmakers’ bonuses to maximize your earnings. The term “bonus” refers to promotional offers (free bets or deposit matches) that bookmakers provide to new or existing customers as an incentive to sign up or continue using their services. You have to use the bonus hunting strategy along with value bet or arbitrage.

In addition, effective risk management and emotional decision-making are paramount. It’s crucial to allocate your funds wisely, set a budget, and avoid impulsive bets driven by emotions.

To consistently accumulate wealth with low risk, two standout approaches have proven their worth: Bonus Hunting and Arbitrage Betting. I have personally employed these strategies since 2011, experiencing consistent success with profits exceeding $1 million. However, it’s important to remember that individual results may vary.

To further enhance your knowledge about bonus hunting and arbitrage to increase your chances of long-term profitability, I highly recommend checking out the eBook “Be The Hunter.” This comprehensive guide provides step-by-step instructions on implementing a robust betting strategy, managing risks, bonus hunting, and maximizing your earnings.

Get your FREE copy at https://bethehunternow.com/how-to-make-money-in-sportsbetting

[Oshosondy]

We have some discussion in the past about using expected value to calculate the profitability of a sport match. I do not bet often and I only bet with low amount of money, I do not think I should be so selective after any match can go the other way.

What I mostly depended on in sport bet is analysis. Once I check the previous matches played by a team, check how often they are scoring in a league, check their head-to-head and knowing the players they are going to use. I use that to determine the match that I should bet on or not.

Arbitrage betting may not be illegal, but if bookies know that a particular person is using the strategy, or having more than one account for arbitrage betting which can be against the gambling site, because most gambling sites tell their users to have only one account. Such person if known to the gambling site as an arbitrage bettor, the money won won't be paid, if having more than one account, his accounts would be merged.

Doposit bonus hunting is good, but with one account per site would be profitable. But it is totally against the terms of service of gambling sites for their users to be using more than one account for bonus hunting.

[tusandii]

Placing bets based on guesswork simply doesn’t work!

Everyone will bet when they get a good prediction and in this prediction gamblers usually always do research and analysis.
Even though it doesn't guarantee a win but such way is better than just guessing randomly to risk some money.

So, how can you break free from this cycle of losses?

No one can escape the cycle of losses because in the gambling industry all that is written before their eyes is defeat.
The only thing gamblers can do is reduce losses so that they are not too large.

[maydna]

Placing bets based on guesswork simply doesn’t work!

So, how can you break free from this cycle of losses?

If you only guess which team will win in a match, it won't work because each one has the same chance. But it will show when you analyze each team that you will find more info about them. You will see how each team is performing so you will be able to choose the right team.

If you want to escape this cycle of losses, you must not gamble. That's an easy answer but most people want to recover their losses so they continue to gamble. If they have won, they want to get more wins and it's their greed that comes and whispers to keep playing.

[Yatsan]

Not only with sportsgambling but to all gambling games. Reason? Winning is never certain therefore playing more often would expose you to higher risk. Even if you happened to won big, it'll eventually be turned into loss; you won't win always. Higher exposure means higher risk unless you are lucky enough. Analysis would work indeed in sportsbetting but as we all know, anything could happen within a match. Even underdogs has chances to win and if you would be too greedy of winning because you have a lowe odd bet, then be prepared to suffer big time as well once the unexpected happens. We are all prone to greed and frustration.

[Gozie51]

Sports betting doesn't really involve guess work. I think this aspect of betting is more dependent on analysis of the games to be played if it is football etc, you go for the previous performance, head to head and many other analytical factors to have a reason to bet in favour of a particular team. i don't believe sports betting involves mathematical models based on probabilities that is out of the more practical experience in the past. However, it is not only sports betting that has such losing rate but it is across the games including casinos.

[bittraffic]

Nice. I started reading from the top, I was very amazed at what I have been reading since I have been doing exactly what he meant about betting on the favorite in the long run. Nicely written intro until I realize it was actually a pitch about this "Be The Hunter".

You find it BS because lets you believe that you'll lose money regardless of whether you bet on low odds or high odds. One good thing he told though is checking the odds on other bookies. Its very much needed when you doubt about your bookmaker.

I wonder if someone from here bought that Be The Hunter.

[el kaka22]

The fact that people think they can "somehow" win against the house edge and can mathematically do this always makes me laugh. You need to realize that it's mathematically impossible to keep winning because the odds are against your own good and even at the best mathematical chance to win, you are ignoring the mathematical chance of losing on the long run anyway.

Just take the flip of a coin for example, you said it's 50%, that's true, and you can act accordingly and win, but you are forgetting that it is also quite possible that you would be able to see 10-20-30 losses in a row there as well. This is why I always say that do this type of gambling for fun and have entertainment, otherwise it's not going to work for you and you will be upset.

[wheelz1200]

Simple reason is that humans are emotional.  What I mean by that is we don't do things 100% to "the plan".  I know I personally have chased losses meaning trying to make up what  I lost in matchups that weren't ones I shoukd have leaned heavy into.  At least personally I think that's the main reason.  Instead of accepting a loss and just keep betting according to your plan we chase.

[DaNNy001]

Sports betting doesn't really involve guess work. I think this aspect of betting is more dependent on analysis of the games to be played if it is football etc, you go for the previous performance, head to head and many other analytical factors to have a reason to bet in favour of a particular team. i don't believe sports betting involves mathematical models based on probabilities that is out of the more practical experience in the past. However, it is not only sports betting that has such losing rate but it is across the games including casinos.

Be it sport betting, casino games or even virtual games they all fall under one factor which is luck. No doubt in sport betting we have the upper hand because you can actually check for stats between the two teams playing so you can make a better choice of the team you would like to put your money on but most times even with this stats checked the outcome of the games still played out differently to what we actually predicted.

[o48o]

-cut-
Placing bets based on guesswork simply doesn’t work!
-cut-
To beat the bookmakers, you need an EDGE, a strategic advantage that maximizes your chances of success. Here are some proven strategies that bettors can explore:
-cut-

The edge you wanted is to know everything about the players, the game and the culture of it. To being aware of old and new injuries, how the managers do their jobs and how different player combinations work. It's far from guesswork and i am baffled why do you think it would be similar to coin toss? Yeah, anyone can technically win but other team has higher changes to do it. And it's not like you can bet only for winner.

Your claim of 90% bettors losing their wagers doesn't seem to based on anything real.

[Gozie51]

but most times even with this stats checked the outcome of the games still played out differently to what we actually predicted.

Yes and this is why it is still gambling. With any type of gambling we have to bet as we can bear the lose so in the case where we predict a football match for example and it turns out wrongly, we don't have to gnash our teeth. For me particularly if I have tried doing my analysis and eventually goes on to bet, I don't see any mistake on my side if I lose the game unlike some bettors who will keep regretting on why they added the game that broke the camel back. I simply move on to the next one if it doesn't favour me.

[pawel7777]

OP, how would you determine the right stake for a value bet you have identified?
Let's say you can bet on only one coin toss, your chance is 50% but the payout rate is say 2.5. What percent of your betting funds would you put at stake and what logic/formula would you use?

[Sandra_hakeem]

The goal of every bettor is to make some few bucks everyday for themselves, and maybe someday hit up with a huge cash profits as a compensation for the past days of losses...but don't also forgot in a hurry that the joy and progress of any casino lies in your losses; if you don't lose, there are no wins for them....you both can't be winning, that's impossible!!
So If you're a chronic gambler, and you can summon up your senses to calculate every minor spendings and losses on casinos, You'll realize that you're invariably losing even when it feels like you're winning big; some unspecified cases are reserved from this illustration,..take note.

Sandra 🧑‍🦰

[Aikidoka]

90% of bettors lose in sports betting in the long term primarily due to their game selections and of course if they engage in excessive gambling or develop an addiction. As a sports gambler myself I believe that taking breaks and only betting on games where you have a good knowledge about it can greatly increase your chances of winning. If you continuously bet on matches involving teams or players you are unfamiliar with, you'll likely end up losing in the long run. In such cases you would essentially be relying on the lowest odds offered by gambling sites which are not always accurate.

It doesn’t matter whether you bet on low odds or high odds; in the long run, you’ll lose money.

Not all gamblers would lose in the long run, some may actually end up making a great profit if they possess a good understanding of how to catch opportunities. This is because occasionally there are favorable odds available that could yield returns of x2 or x3, which are comparatively less risky than betting on a team with odds of 1.3 or 1.4 especially if you have limited knowledge about that team or you don't even know anything about the game, like just follow the lowest odd thinking that you'll win it easily!

[Slow death]

I had already commented on this in one of my posts a few days ago, I'll repeat myself, many sites people are talking about how it is possible to win over time and make a profit and that why other people don't win over time and accumulate many losses, but it's funny that no one who gives this advice doesn't show their betting results over the years, over the days, they keep writing very long texts that most of the time when I read these long texts and I get to the end of the text I'm already very sleepy

so after I reach the final of these long texts I'm wondering why they just don't post pictures with their results, with that it will be very easy for all of us to see that they managed to win Z games in X bets and made Y profit, with that too we'll see how much profit they get over the day and month and year, they won't need to write a very long text that has a lot on the internet, with proof and easier to believe, with that I want to encourage the OP to take time and show in this thread your betting results

[DoublerHunter]

~snip~
Your claim of 90% bettors losing their wagers doesn't seem to based on anything real.

^Though there are some points that OP I agreed but I think there is no exact percentage on this.
Because I believed in myself that the precise figures may vary depending on various factors such as the type of sports, the level of expertise, and the strategies employed by individual bettors.
I think having knowledge about the teams, players, and the sport itself can significantly enhance your chances of making successful bets. Conducting thorough research, analyzing historical data, and having an up to date about various factors that can influence the outcome of a game can help you identify potential opportunities.

[goinmerry]

Whatever technical analysis regarding EVs or any related sports betting terms, it doesn't really the main factor why most bettors lose in the long run.

Simple, sports betting is gambling and we are challenging the risks here. If sports betting is that easy, then we won't end up in a discussion like this.

Even professional sports bettor loses as we speak because matches are not that predictable. Even the goal though is to minimize the losing streak, it's not that simple to do. Therefore, try our very best to consider those important factors before hitting that place the bet button.

At this point, you might be tempted to think that betting on favorites with low odds would ensure long-term success. However, that’s not the case.

I considered that as the worst mindset. That was even riskier compare to placing a bet on high odds.

[Wakate]

That is how gambling had been working since and those that know how to find there way without having so much loses are the pro gamblers we have that are doing well making different bets earning hugely. Everything I know have a strick that we can play to earn from and sometimes if we are not doing it in the right way, we can easily make huge loses that will make us regret why we ever decided to gambler.

Gambling is not for everybody and that is one of the reason why people keep losing in sport bets. Just imagine wanting to use $5 to win $100,000. What's the probability of that happening? Very slim!

[ralle14]

Shopping for bonuses and other promotions is probably the best out of the three strategies as i've already tried them all at one point. The best part about these sports bonuses is their small minimums, but for the profits, it's good enough since they always have a maximum limit of around $100 or less. This strategy can also become problematic if you frequently do it, as some bettors mentioned before they eventually can't participate in future promos and bonuses.

[len01]

I appreciate the analytical understanding of gambling you already have and especially in sports betting but to me this is all less complicated because sometimes gamblers don't always care about profit but just come for the fun of it.

-snip

To consistently accumulate wealth with low risk, two standout approaches have proven their worth: Bonus Hunting and Arbitrage Betting. I have personally employed these strategies since 2011, experiencing consistent success with profits exceeding $1 million. However, it’s important to remember that individual results may vary.

from this statement it seems similar to looking for consistent income or profit at gambling, right? If true, to me this would violate the natural law of gambling that profiting from casinos is always risky.
as you said bonus hunting has the risk of losing all funds to reach the wagering requirements and for arbitrage betting has the risk of account being banned from any sportbook as was the case with some people in the past.

[Don Pedro Dinero]

<...>

Get your copy at https://bethehunternow.com

The problem with sports betting is that it's not pure EV, it's a combination of intuition, which is subjective, and EV calculations, but what that promo doesn't say is that your intuition competes against the house's intuition. Just as in poker, which is also a combination of intuition and EV calculations, you compete against the intuition and calculations of the rival players, here you compete against houses that with computer programmes and with time are increasingly adjusting the odds better and better.

90% or more will continue to lose no matter what the article says. Even in an imaginary world where people learn how to win at sports betting thanks to the promo's advice, the bookies would have to close.

[tusandii]

as you said bonus hunting has the risk of losing all funds to reach the wagering requirements and for arbitrage betting has the risk of account being banned from any sportbook as was the case with some people in the past.

Not only bonus hunting, but all forms of activities that risk money in the gambling industry carry the risk of losing money and of course every gambler who bets has understood and can accept the risk of losing money.
But there are not a few gamblers who cannot accept defeat and then chase victory to return the loss.

Arbitrage Betting has become a ban in most of the casinos so one has to avoid such way of betting to stay out of trouble.
But it needs to be underlined that there are many gamblers who continue to make arbitrage bets secretly and they do everything so that the casino team doesn't know about them.

[Pierre 2]

I think im bit on side of op in this debate. There is deep analysis going on in sports betting for sure. Some people are master of data and regularly watching competitions to see strength and weaknesses of opponents to pick a side. But still most of matches are full of uncertainties. There can be early red card/injury/penalty (especially in football) that would mess every calculation you made. Regular sports betting must involve some sort of arbitrage to achieve near perma profits.

[davis196]

OP, your post seems like an advertisement of this "Be the Hunter" ebook. I don't want to visit this website, because I don't trust you enough.
Are you the author of this ebook? If you are not the author are you somewhat affiliated to the author of this ebook?
Trying to win in the long term by Bonus Hunting and Arbitrage Betting doesn't seem sustainable to me. Sooner or later, the gambler will run out of Sportsbook bonuses and he will have to use VPN/residential proxy(which increases the risk of getting banned).
Also the bookies will find out about arbitrage betting and lower their odds.
Asking "why 90% of bettors lose in the long run" is the same as asking "why 90% of traders lose money in the long run" or "why 90% of the gamblers lose money in the long run". It's extremely difficult to maintain long term profits in both gambling and trading.

[Kakmakr]

I have to say, it was very discouraging to read your post and to actually see the math behind long-term Sport betting results. The house is rigged legally to drain your funds over time, if you do not know how to prevent that. 

Thank you for posting the link, I will definitely have a look at it, because I am one of the people that use some guess work to place my Sports bets. (I do compare some bookmaker odds, but I never knew it is such a science) 

[Silberman]

I have to say, it was very discouraging to read your post and to actually see the math behind long-term Sport betting results. The house is rigged legally to drain your funds over time, if you do not know how to prevent that. 

Thank you for posting the link, I will definitely have a look at it, because I am one of the people that use some guess work to place my Sports bets. (I do compare some bookmaker odds, but I never knew it is such a science) 

I do not find it discouraging, it is simply the truth, many years ago when I first started to gamble one of the first things I did was to see the odds of winning against the casino, and once I understood there was no way for me to win over the long term this opened my eyes, and since then I have treated gambling as just a way to get some fun, if addicted gamblers were presented this information before they got in that situation I am sure some of them will be able to avoid becoming addicted.

[Fiatless]

Be it sport betting, casino games or even virtual games they all fall under one factor which is luck. No doubt in sport betting we have the upper hand because you can actually check for stats between the two teams playing so you can make a better choice of the team you would like to put your money on but most times even with this stats checked the outcome of the games still played out differently to what we actually predicted.

It is a known fact that luck plays a key role in gambling because games are unpredictable. An example is the world cup in Qatar where many underestimated teams won top-rated teams. The games between Saudi Arabia and Argentina was unpredictable and most bettors never expected Morocco to win Belgium. Nevertheless, relying only on luck for gambling wins is not the best. It is also good to analyze matches before prediction.

Getting predictions from some sports betting websites or professionals might not also be a bad idea. But it is not also proper to totally depend on these websites for games because they are not also reliable, doing your analysis is ideal. It is also good to use a few bucks when using these prediction sites.

[Strongkored]

Be it sport betting, casino games or even virtual games they all fall under one factor which is luck. No doubt in sport betting we have the upper hand because you can actually check for stats between the two teams playing so you can make a better choice of the team you would like to put your money on but most times even with this stats checked the outcome of the games still played out differently to what we actually predicted.

It is a known fact that luck plays a key role in gambling because games are unpredictable. An example is the world cup in Qatar where many underestimated teams won top-rated teams. The games between Saudi Arabia and Argentina was unpredictable and most bettors never expected Morocco to win Belgium. Nevertheless, relying only on luck for gambling wins is not the best. It is also good to analyze matches before prediction.

Getting predictions from some sports betting websites or professionals might not also be a bad idea. But it is not also proper to totally depend on these websites for games because they are not also reliable, doing your analysis is ideal. It is also good to use a few bucks when using these prediction sites.

In that tournament, how many of the matches whose results were surprising or did not match the predictions compared to what was predicted? only a few of the results were surprising, the rest were according to predictions, so in sports betting the role of luck still exists but the ability to analyze matches is also very necessary, even though it doesn't guarantee a win but by not analyzing it will make it more likely that bettors will lose rather than win.
I've never used a service like that, but I suspect that if the tipster has a high win rate, then using their service certainly won't be free, so it's only suitable for big gamblers with very large funds, so the profits can exceed the money used to use the tipster

[danherbias07]

This is why I don't really like putting every bet in a spreadsheet. I just don't like computing all my wins and losses. Yes, it might be a wrong thing for others but what I want is to enjoy the moment betting for a team one at a time per day.
And, there are changes in the betting amount. Sometimes, when I feel like the team that I am betting for has a higher chance to win even though they are just a slight favorite, I'd put more money in it as I trust they can win it or better cover the spreads that I will input.

Long-term yes, it's a losing battle but if you can enjoy the day you win a game the past won't even matter much. It's not like you are going to bet forever, just adding fuel to the entertainment of the game. Watching it without a bet is not that amusing to me anymore, imo.

[swogerino]

I am not saying that have been in profit during the long run in sport betting as that is not true but lately what I found to give much more wins than lost bets is to find to over 1.5 goals with odds 1.25-1.30 each and to parlay them,you will see that at least 7 times out of 10 this will come true,I don't know if this will be in profit as the total odd is 1.60-1.70 and I think it is small profit or breaking even most of the times but just wanted to share my experience here as may be some big sport bettor find this valuable insight.

[alexluthor]

OP, how would you determine the right stake for a value bet you have identified?
Let's say you can bet on only one coin toss, your chance is 50% but the payout rate is say 2.5. What percent of your betting funds would you put at stake and what logic/formula would you use?

Kelly Criterion is a formula that helps determine the optimal percentage of your bankroll to wager:

f = (bp - q) / b

f is the fraction of your bankroll to bet
b is the payout rate minus one
p is the probability of winning
q is the probability of losing

In this case:

f = (1.5 * 0.5 - 0.5) / 1.5 = 0.1667

So, you should bet 16.67% of your bankroll on the coin toss.

In value betting, it is generally recommended to not exceed a certain percentage, such as 2% of your bankroll, to mitigate potential losses and manage risk effectively

[leonair]

Placing bets based on guesswork simply doesn’t work!

So, how can you break free from this cycle of losses?

If you only guess which team will win in a match, it won't work because each one has the same chance. But it will show when you analyze each team that you will find more info about them. You will see how each team is performing so you will be able to choose the right team.

If you want to escape this cycle of losses, you must not gamble. That's an easy answer but most people want to recover their losses so they continue to gamble. If they have won, they want to get more wins and it's their greed that comes and whispers to keep playing.

Just because a team can play well, there is no guarantee that they will always win.  If a gambler blindly places a bet on a good team without any analysis, he is bound to lose the gamble.  So of course in sports betting or any other sector of gambling, one must first analyze well before placing the bet, otherwise there will be a high risk and the possibility of losing if you panic and place the bet. Most of the gamblers suffer because of this and lose gambling because they do not analyze well and gamble in panic.

[Apocollapse]

I don't believe such calculation, although the good thing you've show betting on sports will not make someone rich. There's a strategy that has been calculated and speculated someone can able to beat the house, it called as martingale strategy. But the reality you will still lose even you use martingale strategy, this is because calculation isn't always same like the reality. Gambling is pure of luck, not something that can be proven by mathematic.

[Cryptmuster]

That is how gambling had been working since and those that know how to find there way without having so much loses are the pro gamblers we have that are doing well making different bets earning hugely. Everything I know have a strick that we can play to earn from and sometimes if we are not doing it in the right way, we can easily make huge loses that will make us regret why we ever decided to gambler.

Gambling is not for everybody and that is one of the reason why people keep losing in sport bets. Just imagine wanting to use $5 to win $100,000. What's the probability of that happening? Very slim!

It seems to me that the OP statistics given as an example will actually be even lower, I assume that those who win no more than 1-3%, all the rest lose more than win. And I noticed a long time ago that these statistics hold true for many areas where money is concerned, it works the same for trading and even for the ratio of rich to poor people on the planet. The bookie has always been hard to beat and for most it's just entertainment, but for the bookie it's business.

[alexluthor]

I had already commented on this in one of my posts a few days ago, I'll repeat myself, many sites people are talking about how it is possible to win over time and make a profit and that why other people don't win over time and accumulate many losses, but it's funny that no one who gives this advice doesn't show their betting results over the years, over the days, they keep writing very long texts that most of the time when I read these long texts and I get to the end of the text I'm already very sleepy

so after I reach the final of these long texts I'm wondering why they just don't post pictures with their results, with that it will be very easy for all of us to see that they managed to win Z games in X bets and made Y profit, with that too we'll see how much profit they get over the day and month and year, they won't need to write a very long text that has a lot on the internet, with proof and easier to believe, with that I want to encourage the OP to take time and show in this thread your betting results

I utilize bonus hunting and arbitrage strategies. Just make some calculations. In my location, there are over $10,000 in free bets and bonuses available. On average, I can profit around 40% to 50% from these offers (it's low due to the free bets). Now, multiply this amount by hundreds of friends' accounts (or friends of friends) over 10 years.

"Hey... but this goes against the bookies' T&C."

Mate, do you think the bookmaker will create rules to help you make money instead of themselves?

And there is nothing illegal about this. I am simply managing my friends' accounts. Many people will never place any bets, but the potential bonus is there for them. You just need to go and take it, and split the profits.

[noormcs5]

I don't believe such calculation, although the good thing you've show betting on sports will not make someone rich. There's a strategy that has been calculated and speculated someone can able to beat the house, it called as martingale strategy. But the reality you will still lose even you use martingale strategy, this is because calculation isn't always same like the reality. Gambling is pure of luck, not something that can be proven by mathematic.

No matter it is sports betting or it is casino games, they will always lose in the long term if they do not have any plan of action or if they do not have some money management plan along with their gambling skills.

Yes, gambling is pure luck, we have no control over the luck and we have no control over the results which comes through sports betting or through the traditional casino games. Luck cannot be with you all the time but money management save you from loses always.

[alastantiger]

So, how can you break free from this cycle of losses?

I know that gamblers not all gamblers experience a cycle of losses. Those who experience a cycle of losses are those who gamble quantitatively not qualitatively. Quantitative gamblers gamble for several hours a day every single day of the week. Even when they are out of money, it doesn't stop them. Instead of them saying why don't I step out and you know just take that money and just put my pocket and go home, they rather say that maybe I can even win more, so they keep on playing.

To break free from the cycle of losses, the gambler has to gamble qualitatively. Have a budget, set a time frame for gambling and do not go above your budget or the time you have allocated to gambling. Have other outdoor habits too. These are the starting points or the baby steps that should be taken to break free from the cycle of losses.

[maydna]

~snip~

Just because a team can play well, there is no guarantee that they will always win.  If a gambler blindly places a bet on a good team without any analysis, he is bound to lose the gamble.  So of course in sports betting or any other sector of gambling, one must first analyze well before placing the bet, otherwise there will be a high risk and the possibility of losing if you panic and place the bet. Most of the gamblers suffer because of this and lose gambling because they do not analyze well and gamble in panic.

Yes, there is no guarantee that the team will always win because of the surprise factor in the match. Often we meet a team that is not the favorite that can turn things around and even suppress a strong team so that they can win in the result. That is why we must analyze to find other information that can be useful in making a decision. This is to reduce the risk of defeat even though it will still be there with or without us analyzing it, so we have to know how much money we can place to bet. By doing so, we can avoid big losses if we lose.

[uneng]

I guess the answer for this question is pretty simple: because when the chances are at your favour odds will be very low, and when chances are against you odds are high. You have to be extremely accurate when betting on the favorite teams or athletes, but one single mistake (which inevitably happens when betting on long term) that leads the underdog to the victory will make all your previous winnings worthless, since the profit made earlier can't cover the currently loss.

It's like playing dice with 90% winning chance: losing once forces you to win another 10 rounds to recover the lost amount.

There isn't an easy solution to fix it. Most gamblers will always bet on the favorite, otherwise it wouldn't be the favorite. So you can expect 90% to continue losing to let the other 10% to have some profit.

[Distinctin]

Value Betting

This is the advantage that every sports bettor should strive to discover. If we can successfully identify and capitalize on this value, there is a possibility of long-term success. OP is correct in stating that a majority of bettors experience losses in the long run. Let's assume that 90% of bettors fall into this category. Our goal should be to position ourselves within the remaining 10% who can consistently profit from gambling and potentially make a living from it.

[Weawant]

To break free from the cycle of losses, the gambler has to gamble qualitatively. Have a budget, set a time frame for gambling and do not go above your budget or the time you have allocated to gambling. Have other outdoor habits too. These are the starting points or the baby steps that should be taken to break free from the cycle of losses.

Your solution would be helpful to gamblers but will be hard for gamblers to do, gamblers are known for gambling continuously without taking break. It isn't the best practice but still gamblers do it with hopes of winning as they believe the more they gamble the higher their chances.

Placing bets based on guess work will only lead you to losing. If you want to profit from sport betting then you have to familiarize with the sport that you're interested in betting on and get to know what make a teams to have advantage over the opportunity, like home advantage.

Another reason that make gamblers to lose in sport betting is because they become addicted. Sport betting can be very addictive as the games are interesting to watch and when you get some prediction right, you might get tempted to risk more money to make more profits then lose .

[famososMuertos]

EV is one of the most important concepts to handle in betting, although its efficiency is generally measured in the longest periods of time to determine results, many have no idea how to calculate and in a certain way then the result in the long run depends on individuals for their misses and hits rather than a calculated measure or bet based on EV+.

You do not say where you get that value of 90% losers for sports betting, eventually we have winners and losers but it all depends on those variables involved. Sports betting represents a very simple form of betting where the variable individual + intuition always prevails, even in those bettors who know how to calculate a bet with EV+.

[Unsoldier]

There is always an element of randomness in sports events, which makes their results unpredictable. Even with good strategy and analysis, one cannot rule out the impact of an unforeseen event on outcomes. I think,  Because of this, even the most experienced sports betting players cannot achieve steady profits in the long run.

[bitbollo]

I think that 90% of gamblers lose sports bet because they don't know what they are doing.

Two easy examples= playing "long list of matches" in the same parlay // playing event with low odds "because they are easy"... and many many other situations.

@OP
I would add to your list for "maximizing chances of success" also playing "betting competitions" (taking part could for sure giving a boost...)

[passwordnow]

To beat the bookmakers, you need an EDGE, a strategic advantage that maximizes your chances of success.

Isn't it that the house always wins? And even if you've got that edge you're saying and a set of strategies to beat the house, you just can't. I mean you may do that temporarily and then get some wins but it's very simple if we're talking about sports betting.
You know the sports you're betting and you've got a plan already and checks out every single thing that's related to the match that you'll bet. That's how it goes and if those edges you've mentioned help you out in winning, that's good but most likely everyone has their own working strategy in terms of winning in sportsbetting.

[Davidvictorson]

I think that 90% of gamblers lose sports bet because they don't know what they are doing.

Two easy examples= playing "long list of matches" in the same parlay // playing event with low odds "because they are easy"... and many many other situations.

@OP
I would add to your list for "maximizing chances of success" also playing "betting competitions" (taking part could for sure giving a boost...)

Yes, they 90% of gamblers lose sports bet because they follow tipsters on Twitter, they are in suppose betting group that claims to give them sure odds and they would rather spend their time scavenging these websites that actually doing their homework. Tell me why they will not lose. In fact let me add that 90% of gamblers lose sports bettors lose 90% of the time. They need knowledge. They must learn how to sit down and do their analysis themselves, it will help them make more responsible gambling decisions.

[Fortify]

Placing bets based on guesswork simply doesn’t work!

So, how can you break free from this cycle of losses?

To beat the bookmakers, you need an EDGE, a strategic advantage that maximizes your chances of success. Here are some proven strategies that bettors can explore:

Value Betting: This strategy involves identifying differences between perceived probabilities and bookmakers’ odds. Experienced bettors gain an advantage by strategically placing bets on outcomes with higher odds than the actual probability suggests. A simple way to find value bets is by comparing the odds offered by different bookmakers and considering the odds from “sharp bookmakers” such as Pinnacle as the “fair value.” If you find a significant difference, you have identified a value bet. This approach sets the foundation for long-term profitability, although some variance is expected.

Arbitrage Betting: This simple yet clever technique capitalizes on variations in odds offered by different bookmakers. By placing wagers on all possible outcomes of an event, you guarantee a small profit, regardless of the result. However, it’s essential to be aware of potential risks, such as the cancellation of bets by bookmakers.

Bonus Hunting: Exploit bookmakers’ bonuses to maximize your earnings. The term “bonus” refers to promotional offers (free bets or deposit matches) that bookmakers provide to new or existing customers as an incentive to sign up or continue using their services. You have to use the bonus hunting strategy along with value bet or arbitrage.

In addition, effective risk management and emotional decision-making are paramount. It’s crucial to allocate your funds wisely, set a budget, and avoid impulsive bets driven by emotions.

To consistently accumulate wealth with low risk, two standout approaches have proven their worth: Bonus Hunting and Arbitrage Betting. I have personally employed these strategies since 2011, experiencing consistent success with profits exceeding $1 million. However, it’s important to remember that individual results may vary.

To further enhance your knowledge about bonus hunting and arbitrage to increase your chances of long-term profitability, I highly recommend checking out the eBook “Be The Hunter.” This comprehensive guide provides step-by-step instructions on implementing a robust betting strategy, managing risks, bonus hunting, and maximizing your earnings.

Part of the problem here is the people are fooled into thinking that 90% of people who place bets are losers. That implies that 1 out of 10 people are winners, which many gamblers would be happy to take. In reality, for most non-skill based games you will find that 99.9% of people are losers, or a figure closer to that. As it comes down to simple math at the end of the day, take slot games for instance - people see a RTP figure of 95% and think that means they have a big chance of winning, but really it means you will on average lose 5% of your bet each time you gamble and ultimately it will drain away your balance until it reaches zero. Sport bets also have a comfortable buffer, or margin of error, built in for bookmakers who are equally very shrewd and constantly improving their prediction software to outplay you.

[Cling18]

I think that 90% of gamblers lose sports bet because they don't know what they are doing.

Two easy examples= playing "long list of matches" in the same parlay // playing event with low odds "because they are easy"... and many many other situations.

@OP
I would add to your list for "maximizing chances of success" also playing "betting competitions" (taking part could for sure giving a boost...)

Yes, they 90% of gamblers lose sports bet because they follow tipsters on Twitter, they are in suppose betting group that claims to give them sure odds and they would rather spend their time scavenging these websites that actually doing their homework. Tell me why they will not lose. In fact let me add that 90% of gamblers lose sports bettors lose 90% of the time. They need knowledge. They must learn how to sit down and do their analysis themselves, it will help them make more responsible gambling decisions.

Losing is just part of our betting journey but if we have been losing the whole time especially in sports betting, we have to check on our activity history and check if there's something wrong with what we are doing. Chasing other tipsters wouldn't always work. We know how predictable gambling results are so we couldn't always rely on anyone.
Instead of relying on tipsters, we better to background checking so we'll have an idea about the potential of the players or things like they've been going through so we'll know the possible flow of the match. It's all about the willingness and determination to learn and to do research.

[Frankolala]

OP, you should put into consideration that in all gambling games not only sport bet that luck plays a vital role in it. If that day is not your lucky day,you will cone up with the whole analysis and research but you wouldn't win.

Gambling should be done for fun so that you don't take so much time speculating and following odds,that might end up leading you to losses. To be a healthy gambler,it is good to save yourself the stress of thinking that you can make profit from gambling and see gambling as a means of entertainment so that when you are gambling,you can bring out the best in you without allowing your emotions to control you.

[Casdinyard]

There is always an element of randomness in sports events, which makes their results unpredictable. Even with good strategy and analysis, one cannot rule out the impact of an unforeseen event on outcomes. I think,  Because of this, even the most experienced sports betting players cannot achieve steady profits in the long run.

I think it's funny that OP praised his post like that. I mean of course eventually all gamblers will find themselves losing on a game regardless of how good they are with their strats and discipline, this isn't a zero risk activity after all. But if in the case that's not what he meant and he meant something along the lines of gamblers losing all of their bankroll and ending up on a negative net profit, it's all because of randomness as you have said, and at the same time the greed and hubris that you get when you won something massive and you suddenly think you're invincible. You would be lying if you say you didn't feel this and answered this overwhelming sense of pride which then lead you to losses you didn't think you could recover from.

It's a truth of life, people will inevitably fail sooner or later and there's nothing to it.

[tusandii]

Value Betting

This is the advantage that every sports bettor should strive to discover. If we can successfully identify and capitalize on this value, there is a possibility of long-term success. OP is correct in stating that a majority of bettors experience losses in the long run. Let's assume that 90% of bettors fall into this category. Our goal should be to position ourselves within the remaining 10% who can consistently profit from gambling and potentially make a living from it.

I'm not sure any gambler can correctly identify and value stakes to have a long term profit.
If you are a gambler, of course you can understand that risking value is more difficult than risking the winning option.

Bullshit with long term success in gambling and anyone if have the ambition to be successful in gambling then it won't be long before they go bankrupt.
After all, can you beat the house edge every time to have long-term success at gambling?

[Poker Player]

I imagine that it happens like in Poker, that also 90%, I would say more, of players lose money. They don't know what they are doing, they don't care about studying, or managing their bankroll well, they are impulsive, and things like that.

Value Betting

This is the advantage that every sports bettor should strive to discover.

In poker it is very important, the difference I see here is that the Value Betting you have to do it against the house odds, instead of against other players, which in principle seems to me a little more difficult, but perhaps those who earn money with sports betting and do not play poker regularly say otherwise.

[Nrcewker]

Placing bets based on guesswork simply doesn’t work!

I completely agree with you in this thing. I mean in general Gambling is game of luck. But if you talk about sports gambling or betting, then it’s a game of luck along with game of skill. If you don’t know about the game on which you are placing the bet, then definitely the chances of getting losses will increase. Before placing the bet analysing the game along with the players, weather conditions etc helps you to bet more precisely. If your skills are good in predicting the outcomes then definitely you can make good profits from sportsbetting.

[Rabata]

A lot of the gamblers express their good experience in sports betting but it does not work properly. There are some gamblers who sometimes conduct gambling emotionally some others are overconfident. In sports betting well researched give you confidence but there is no guarantee of winning. I have come across some gamblers who have a good sense of sports. But their sports betting win rate is very low. The bottom line is that even though research in gambling improves your chances of winning, there is no guarantee of winning. I think it is possible to reduce percentage of loser in sports betting if gamblers are not emotional.

[Mr. Magkaisa]

         -   Wouldn't you be surprised if 90% of sports betting bettors are winners? do you think if this is the case many casinos will survive in the gambling industry? I'm just asking you that too. It just means that because the gambling casino is a business, their market is players who like to gamble to put money into their gambling platform.

So, if that's the aim of all casinos, do you think the majority of their clients will let them win all the time in any games played on their casino platform? Of course, if I were a casino owner I would not agree.

[bitzizzix]

Placing bets based on guesswork simply doesn’t work!

I completely agree with you in this thing. I mean in general Gambling is game of luck. But if you talk about sports gambling or betting, then it’s a game of luck along with game of skill. If you don’t know about the game on which you are placing the bet, then definitely the chances of getting losses will increase. Before placing the bet analysing the game along with the players, weather conditions etc helps you to bet more precisely. If your skills are good in predicting the outcomes then definitely you can make good profits from sportsbetting.

It is always good to do research and analysis before placing any bets especially on football bets. And this may involve studying team statistics, form, injuries, weather and other relevant factors, and staying up to date with the latest news and developments in sports can help you.
but it's not that easy even if you have good skills in any form of betting, luck is still in any gambling. And it is important to note that even with any information or means, there is no guarantee of success in sports betting, and losses can still occur. But skill and knowledge only have a chance to win and there will definitely be time or opportunity to win and that is luck.

[Cryptmuster]

Part of the problem here is the people are fooled into thinking that 90% of people who place bets are losers. That implies that 1 out of 10 people are winners, which many gamblers would be happy to take. In reality, for most non-skill based games you will find that 99.9% of people are losers, or a figure closer to that. As it comes down to simple math at the end of the day, take slot games for instance - people see a RTP figure of 95% and think that means they have a big chance of winning, but really it means you will on average lose 5% of your bet each time you gamble and ultimately it will drain away your balance until it reaches zero. Sport bets also have a comfortable buffer, or margin of error, built in for bookmakers who are equally very shrewd and constantly improving their prediction software to outplay you.

In bets, the chance is slightly higher, but it depends very much on the player. If a player uses risk management well, manages the bank well, does not break the rules of the betting and manages his emotions well, then he has a chance to be among those few players who will end up with a profit. But the vast majority will lose more than they win, this is what bookmakers make money on.

[ethereumhunter]

A lot of the gamblers express their good experience in sports betting but it does not work properly. There are some gamblers who sometimes conduct gambling emotionally some others are overconfident. In sports betting well researched give you confidence but there is no guarantee of winning. I have come across some gamblers who have a good sense of sports. But their sports betting win rate is very low. The bottom line is that even though research in gambling improves your chances of winning, there is no guarantee of winning. I think it is possible to reduce percentage of loser in sports betting if gamblers are not emotional.

It is very difficult to avoid feeling emotional and overconfident, especially if a gambler has already won. It will make them feel more skilled than before and put up for many games so they will spend more money. But like you said, that doesn't guarantee them a win but they don't think about it. They will still try to place a bet and probably increase the bet amount more because they are too confident about their previous wins. And maybe that's what causes many gamblers to lose in sports betting.

[Plaguedeath]

It is very difficult to avoid feeling emotional and overconfident, especially if a gambler has already won. It will make them feel more skilled than before and put up for many games so they will spend more money. But like you said, that doesn't guarantee them a win but they don't think about it. They will still try to place a bet and probably increase the bet amount more because they are too confident about their previous wins. And maybe that's what causes many gamblers to lose in sports betting.

It's fine for bettors to increase the games they want to bet because it's a diversification which mean they minimize the risk of losing all of their money in single game. What most people are doing they're increase the amount they want to bet in few games only, it increase their risk to go big or go home.

Actually I don't think 90% of bettors lose in sports, if they're lucky enough and all of their bets mostly win, they're the winners. It's not like slot games, where we can only click to spin.

[Huppercase]

vvv

Are you advertising your ebook for sales or you just copy some random post from another blog to the forum because the article doesn't look as if you are communicating, all you mention were just facts.  I also don't know where you get your statistical data from and base your conclusions on this score of 90%, only a betting site is capable of releasing such data and to protect their self and the users, they wouldn't give out such data to the public.

I have seen people make money in Sport betting and I have also seen people lose money in sport betting and likewise seen people make wealth in sport betting and also help people to share similar codes to win bet, they lost too but the money they have made from sports have made them money for retirement and that is why I can not accept this your facts, people are making money from sport betting and with that. 90% doesn't lose the way you decribed it.

[retreat]

-snip-

Placing bets based on guesswork simply doesn’t work!

So, how can you break free from this cycle of losses?
-snip-

Well, it's quite tricky to be able to win at sports betting because we have to do analysis, such as looking at the performance of the team we choose, and various other important things, which can reduce our chances of losing. However, it is undeniable that the results of one match can be different compared to the analysis we are doing.
And therefore preparing mentally and staying focused on maintaining our finances is the key to being able to make gambling activities not a disaster for us, because usually people who are impatient will gamble until they win, even though this is a big mistake which will make them went bankrupt quickly.

[Gozie51]

....because usually people who are impatient will gamble until they win, even though this is a big mistake which will make them went bankrupt quickly.

These people are not impatient in my view but they are people chasing after the loses they have made so to recover but unfortunately gambling is gambling. It doesn't not present to us the desires of our heart. So you can keep chasing the loses until you go down with it. It is painful when you lose consistently but one need self control to understand every day is not a winning for you. There is a relationship to understanding gambling and playing or betting on it. This is the reason people lose so much to sell their house, car or important belongings because they are hopeful that the next game is going to be a jackpot for them and if you are seeing yourself in such level then addiction has set in.

[ethereumhunter]

It's fine for bettors to increase the games they want to bet because it's a diversification which mean they minimize the risk of losing all of their money in single game. What most people are doing they're increase the amount they want to bet in few games only, it increase their risk to go big or go home.

Actually I don't think 90% of bettors lose in sports, if they're lucky enough and all of their bets mostly win, they're the winners. It's not like slot games, where we can only click to spin.

Before deciding to increase their game size, they must be aware of the risk of losing more money than before. This is so they understand that there are consequences behind that decision so they have to really be aware of it.

Playing sports betting and slots are different so they have to be aware of how much money they can spend betting on. Bettors have more chances of winning as long as they choose a team that has the chance to win. But it's not easy because it requires enough ability and experience to win.

[darewaller]

I appreciate the analytical understanding of gambling you already have and especially in sports betting but to me this is all less complicated because sometimes gamblers don't always care about profit but just come for the fun of it.

-snip

To consistently accumulate wealth with low risk, two standout approaches have proven their worth: Bonus Hunting and Arbitrage Betting. I have personally employed these strategies since 2011, experiencing consistent success with profits exceeding $1 million. However, it’s important to remember that individual results may vary.

from this statement it seems similar to looking for consistent income or profit at gambling, right? If true, to me this would violate the natural law of gambling that profiting from casinos is always risky.
as you said bonus hunting has the risk of losing all funds to reach the wagering requirements and for arbitrage betting has the risk of account being banned from any sportbook as was the case with some people in the past.

Yes and he even mention the word consistent. The law that you are talking, about gambling is I think only made up by humans who are not doing well in terms of gambling for profit but there is no legal law that gambling for profit is not allowed and there are still gamblers who are successful with it including the OP. Like the OP said, not all can do it.

We only need to try first and see if it's working for us but if not then that is the time to treat gambling for fun. Anything has a risk and so as gambling but there are still bonus offered by a casino who don't need a deposit anymore. There is even some who don't need a wagering but you can withdraw immediately what you already won as long as that is within or above the minimum withdraw.

[Negotiation]

as you said bonus hunting has the risk of losing all funds to reach the wagering requirements and for arbitrage betting has the risk of account being banned from any sportbook as was the case with some people in the past.

Not only bonus hunting, but all forms of activities that risk money in the gambling industry carry the risk of losing money and of course every gambler who bets has understood and can accept the risk of losing money.
But there are not a few gamblers who cannot accept defeat and then chase victory to return the loss.

Arbitrage Betting has become a ban in most of the casinos so one has to avoid such way of betting to stay out of trouble.
But it needs to be underlined that there are many gamblers who continue to make arbitrage bets secretly and they do everything so that the casino team doesn't know about them.

Yes apart from these arbitrage betting if you try to use arbitrage betting on bets with more than two outcomes, things can get very complicated. In most cases, it is not possible to arbitrate more than two outcomes so if you are not an expert, you should not try to arbitrage bets with high results. By not being open to betting on both the back and sides of a game's outcome and betting on different bookmakers online the arbor is virtually undetectable.

[wiss19]

You talk about sports betting which mainly depends on one's research and analysis skills and not only their luck, the fact that 90% or even more lose in the long run applies mainly on gambling games where the outcome of a bet solely depends on one's luck and nothing else can have any influence on it. About sports betting, I don't really think one cannot stay profitable in the long run as long as they can manage to have a better win rate than the loss rate.

So those who are into sports betting should think about making their research and analysis skills better over time so that they have enough knowledge and experience about the games they are going to be making bets on, that is the only way they can maximize their chances of winning more bets over time.

[pawanjain]

I don't think such a long post was required because the whole motive of the post was behind 3 strategies of betting.
Value betting, Arbitrage betting and bonus. It's true that just guessing won't get us decent profits in the long run.
Value betting is the way to go but one should have a deeper understanding of the match/event he is placing the bet on.
Even then I would say there will be bets we lose because we require a combination of luck and skill to win.

[pawel7777]

You talk about sports betting which mainly depends on one's research and analysis skills and not only their luck, the fact that 90% or even more lose in the long run applies mainly on gambling games where the outcome of a bet solely depends on one's luck and nothing else can have any influence on it. About sports betting, I don't really think one cannot stay profitable in the long run as long as they can manage to have a better win rate than the loss rate.

So those who are into sports betting should think about making their research and analysis skills better over time so that they have enough knowledge and experience about the games they are going to be making bets on, that is the only way they can maximize their chances of winning more bets over time.

I have no trouble believing that those 90% would also be applicable to those wo engage only in sports betting. Most of people would not make any deep analysis to give them an upper hand. And even if you do run proper research and analyses, it still doesn't guarantee you'll have a mathematical advantage. Even if your analysis is spot on, it'll only help you to determine odds for an event, but then you'll have to find a bookie who (according to you) miscalculated their odds, so you could take advantage from the difference.
Making constant profit from sports betting is really hard, it only works fine for arbitrage betting, but you can get banned really quickly if you do that.

[tusandii]

as you said bonus hunting has the risk of losing all funds to reach the wagering requirements and for arbitrage betting has the risk of account being banned from any sportbook as was the case with some people in the past.

Not only bonus hunting, but all forms of activities that risk money in the gambling industry carry the risk of losing money and of course every gambler who bets has understood and can accept the risk of losing money.
But there are not a few gamblers who cannot accept defeat and then chase victory to return the loss.

Arbitrage Betting has become a ban in most of the casinos so one has to avoid such way of betting to stay out of trouble.
But it needs to be underlined that there are many gamblers who continue to make arbitrage bets secretly and they do everything so that the casino team doesn't know about them.

Yes apart from these arbitrage betting if you try to use arbitrage betting on bets with more than two outcomes, things can get very complicated. In most cases, it is not possible to arbitrate more than two outcomes so if you are not an expert, you should not try to arbitrage bets with high results. By not being open to betting on both the back and sides of a game's outcome and betting on different bookmakers online the arbor is virtually undetectable.

Yes, arbitrage betting is usually done by experienced gamblers and the purpose of arbitrage betting is to increase the chances of winning or reduce the amount of loss if you lose because arbitrage betting has betting options that can be more than three bets.
However, it is true that if you do not have sufficient experience and knowledge about arbitrage betting, it will only lead to defeat.

But in my opinion it is better to stay away from arbitrage betting because apart from being banned by some casinos, this type of bet is also very risky.

[_act_]

Not only with sportsgambling but to all gambling games. Reason? Winning is never certain therefore playing more often would expose you to higher risk.

To me the main reason is that the casino are setting the odds that are favouring them more. Favouring the gambling sites far more than the gamblers. That is why gamblers lose more than they win.

Some gamblers may make profit if they do not gamble too much at a stretch and not gambling frequently. But some people continue to gamble and have fun and risk more and lose more.

[piebeyb]

....because usually people who are impatient will gamble until they win, even though this is a big mistake which will make them went bankrupt quickly.

These people are not impatient in my view but they are people chasing after the loses they have made so to recover but unfortunately gambling is gambling. It doesn't not present to us the desires of our heart. So you can keep chasing the loses until you go down with it. It is painful when you lose consistently but one need self control to understand every day is not a winning for you. There is a relationship to understanding gambling and playing or betting on it. This is the reason people lose so much to sell their house, car or important belongings because they are hopeful that the next game is going to be a jackpot for them and if you are seeing yourself in such level then addiction has set in.

Usually people who are in a hurry or are impatient will experience chaos in gambling, that is why it is important to gamble with the aim of having fun as a more positive mindset, most of what we see is because they want to chase defeat then do it in a hurry and can't wait to win, but that way instead of making a profit, instead they are on a losing streak and I have had moments like that.

Never think that in the next game you can get a win but in the end you lose, that is the behavior of an addict, because only an addict thinks like that, as a gambler I never think about playing in a hurry, let alone hoping to get a win in the next game, if my budget is When I'm finished gambling, I will stop playing.

[Natalim]

Usually people who are in a hurry or are impatient will experience chaos in gambling,....

That's for sure, gambling is a kind of fun or entertainment that is too risky. We are dealing with money here, so if we get too emotional, especially when we experience significant losses, it can lead us to chase our losses in the hopes of turning a profit.

However, we fail to understand that winning every day in gambling is not realistic. In fact, the majority of gamblers experience losses in the long run. This reality alone should serve as a strong reminder for us to manage our finances responsibly and not spend more than we can afford to lose.

[BitcoinTurk]

In order to answer this question I think it should be interpreted from two different perspectives. From the first perspective, it is because in gambling always the casino or sports betting provider wins, not the gambler. This is an order in which the balance is ensured by match-fixing or similar methods and it is not something that can be to the advantage of a gambler. The second perspective arises from the insatiability of gamblers. Gambling always stimulates the desire of gamblers to win more or to win large sums while gambling. This causes the gambler to play more and thus lose more. As the gambler loses, the casino or sports betting provider wins and thus the success rate of the players is much lower than the casino or sports betting provider.

[SmartGold01]

You have a nice guidelines from what I've red above, sometimes it's very hard to defines ones winning although I am not yet routed into gambling but from my being around this sections I have beginning to develop interest on how to start gambling gradually. This are some reason I stayed cling to this section for me to build my strength and get some key points and guidelines.
Then lastly what I have understood so far is that, if we sees it as an entertainment we would lowered our anxiety to make winning in every predicted games and matches.

[Solosanz]

In order to answer this question I think it should be interpreted from two different perspectives. From the first perspective, it is because in gambling always the casino or sports betting provider wins, not the gambler. This is an order in which the balance is ensured by match-fixing or similar methods and it is not something that can be to the advantage of a gambler.

It's not make sense, although we're know favorite team has higher chance to win and underdog team has lower chance to win, but anything can happen. Not all gambler will always bet on favorite team, some time you need to consider to bet on underdog team. If the gambler is lucky enough, he can win in gambling since he always bet the right team.

I'd say match fix or the casino is cheat the gambler when they voided the gambler bet or change the result because of bug or glitch.

[slapper]

In order to answer this question I think it should be interpreted from two different perspectives. From the first perspective, it is because in gambling always the casino or sports betting provider wins, not the gambler. This is an order in which the balance is ensured by match-fixing or similar methods and it is not something that can be to the advantage of a gambler. The second perspective arises from the insatiability of gamblers. Gambling always stimulates the desire of gamblers to win more or to win large sums while gambling. This causes the gambler to play more and thus lose more. As the gambler loses, the casino or sports betting provider wins and thus the success rate of the players is much lower than the casino or sports betting provider.

You draw attention to the organised benefit that casinos and betting services have. But isn't the fact that this benefit can be counted on a major selling point? Players don't tend to be so naive as to believe otherwise. Is it not the gambler's responsibility to refuse to play against such odds? The need to constantly win is another essential feature of compulsive gambling. However, wouldn't this kind of yearning be motivated by the human propensity for optimism and ambition? Humans are intrinsically motivated to expand their horizons, take on difficult tasks, and succeed where others have failed. Unfortunately, a compulsive gambler channels an inclination that rarely pays off into the gambling industry. Isn't the real problem not insatiability, but rather unrealistic expectations?

[noormcs5]

In order to answer this question I think it should be interpreted from two different perspectives. From the first perspective, it is because in gambling always the casino or sports betting provider wins, not the gambler. This is an order in which the balance is ensured by match-fixing or similar methods and it is not something that can be to the advantage of a gambler. The second perspective arises from the insatiability of gamblers. Gambling always stimulates the desire of gamblers to win more or to win large sums while gambling. This causes the gambler to play more and thus lose more. As the gambler loses, the casino or sports betting provider wins and thus the success rate of the players is much lower than the casino or sports betting provider.

Well, the first part is not in our control as the sports bookies will always want us to lose and all this match-fixing and manipulation is not in our hands.
Coming to the second part, where you said that gamblers wish to win more and more and this greediness leads them to a loss. This aspect can be controlled by the gamblers if they stop gambling after winning the bets, do not aim for too big money, and do not risk too much money. If the gamblers show some discipline they can be an overall winner in sports betting.

[Eureka_07]

<snip>
If you only guess which team will win in a match, it won't work because each one has the same chance. But it will show when you analyze each team that you will find more info about them. You will see how each team is performing so you will be able to choose the right team.
-

Sports betting doesn't only offer choices between the winning and losing teams. There are also a bunch of other bets related to the game, such as which side will score the first point, the combined score, the number of points a player will make, or whether a specific scenario will happen. These types of bets are often more difficult to predict, which is why many people end up losing money from betting.

[Unsoldier]

<snip>
If you only guess which team will win in a match, it won't work because each one has the same chance. But it will show when you analyze each team that you will find more info about them. You will see how each team is performing so you will be able to choose the right team.
-

Sports betting doesn't only offer choices between the winning and losing teams. There are also a bunch of other bets related to the game, such as which side will score the first point, the combined score, the number of points a player will make, or whether a specific scenario will happen. These types of bets are often more difficult to predict, which is why many people end up losing money from betting.

The prediction accuracy of such bets can be tricky, and they usually have higher odds than simple win/loss bets. For some punters the possibility of winning a large sum of money may be attractive, but at the same time these bets are riskier. These types of bets require more analysis, knowledge of teams and players and a greater degree of luck.

[alegotardo]

Re: Why do 90% of Bettors Lose in Sports Betting in the Long-term?

Responding directly to the title...

I would say that the long-term problem with sports betting is a sum of several factors....

First, because it is difficult to obtain bets that are advantageous when we consider a probable winning scenario, and betting on the unlikely is "financial suicide".

If profits are low, losses are always high, making just one loss enough to drain profit from up to five winning bets in a row.

Even if sports betting is based on a real event, from which we can scrutinize data, raise statistics and minimize risks, there will always be a game in which everything will go wrong and go against predetermined standards.

I believe that the days of making money with sports betting are over, currently I play just for fun and eventually make a "crazy" bet relying on luck.

[qwertyup23]

Re: Why do 90% of Bettors Lose in Sports Betting in the Long-term?

Even if sports betting is based on a real event, from which we can scrutinize data, raise statistics and minimize risks, there will always be a game in which everything will go wrong and go against predetermined standards.

I believe that the days of making money with sports betting are over, currently I play just for fun and eventually make a "crazy" bet relying on luck.

I agree with your statement.

In this day and age where the internet has access to multiple AIs that can make everything convenient, it is also a double-edged sword when it comes to betting. Sure, you may have all the raw data on a specific team which may provide better chances of winning but the odds are still too low for you to receive profit.

Odds are created in order to somehow balance two (2) opposing teams and the bettors. One team may be dominant with another but the odds represent the amount of profit you may receive when such team won. In this kind of structure, you are somehow forced to bet on the "weaker" team due to the overwhelmingly odds they give if they win.

The only thing that I see sports-betting profitable is if two (2) teams, which are somehow same in strength (thus balanced odds), are fought with each other.

[dothebeats]

Even though we have scraped and collected data from past events on sports, there are still quite a few exceptions that will make the 'informed' bet lose. Say, there are last-minute injuries or changes to a team's composition which will definitely affect how they play, that is already something that will make a bet lose no matter how close your informed bets are to the statistics the teams are presenting. There are outliers, and there are also just some bets that were analyzed too much that simple factors were missed which makes the bettor lose. Also, chasing losses and losing self-control helps in making the bettor lose their bets. Overall, there's just a lot of factors out there that will definitely hurt the bettor in sports betting. Some say that luck isn't a factor in this type of gambling, but truth be told, it still is.

[pawel7777]

Even though we have scraped and collected data from past events on sports, there are still quite a few exceptions that will make the 'informed' bet lose. Say, there are last-minute injuries or changes to a team's composition which will definitely affect how they play, that is already something that will make a bet lose no matter how close your informed bets are to the statistics the teams are presenting. There are outliers, and there are also just some bets that were analyzed too much that simple factors were missed which makes the bettor lose. Also, chasing losses and losing self-control helps in making the bettor lose their bets. Overall, there's just a lot of factors out there that will definitely hurt the bettor in sports betting. Some say that luck isn't a factor in this type of gambling, but truth be told, it still is.

That's true, but the idea behind researching and analysing in sports betting is (or at least should be) not to win every single bet, but to be profitable in the long-run.
So, depending on the type of sports you bet on, you could either completely discount any exceptional events (injuries or other unforeseen things) as they won't matter in the grand scheme of things, or, if such events are likely to happen and can have a tangible effect on your results, you need to account for them when calculating your odds.
And another thing to consider is that such things could also work in your favour, i.e. if something bad happens to the team you're betting against, it all should balance-out.

[maydna]

<snip>
If you only guess which team will win in a match, it won't work because each one has the same chance. But it will show when you analyze each team that you will find more info about them. You will see how each team is performing so you will be able to choose the right team.
-

Sports betting doesn't only offer choices between the winning and losing teams. There are also a bunch of other bets related to the game, such as which side will score the first point, the combined score, the number of points a player will make, or whether a specific scenario will happen. These types of bets are often more difficult to predict, which is why many people end up losing money from betting.

Indeed there are many, but it seems to guess or predict, as you mentioned, it will be much more difficult and requires advanced skills or can get even more information. And the most commonly chosen is sports betting which offers a selection of winning and losing teams, so it doesn't require more information. But if someone feels he can predict everything you say, he can just bet on other bets to get more wins.

[Jawhead999]

Even though sportbetting is a skill based game, but you still need a luck about it because you're not the one who play in the game. The problem arise isn't because of pick a wrong betting option, but the risk of the casino froze your money, the risk of account limit, the extra fee withdraw etc that make you can't get the full profit you made. Not to mention sometime the casino might act unfair for voided your bet etc.

[3meek]

<snip>
If you only guess which team will win in a match, it won't work because each one has the same chance. But it will show when you analyze each team that you will find more info about them. You will see how each team is performing so you will be able to choose the right team.
-

Sports betting doesn't only offer choices between the winning and losing teams. There are also a bunch of other bets related to the game, such as which side will score the first point, the combined score, the number of points a player will make, or whether a specific scenario will happen. These types of bets are often more difficult to predict, which is why many people end up losing money from betting.

Indeed there are many, but it seems to guess or predict, as you mentioned, it will be much more difficult and requires advanced skills or can get even more information. And the most commonly chosen is sports betting which offers a selection of winning and losing teams, so it doesn't require more information. But if someone feels he can predict everything you say, he can just bet on other bets to get more wins.

If you're into sports betting, more information is always needed... Even if you intend to bet on one of the teams to win or lose, you still need to research a lot of statistics, such as personal meetings or recent home and away games of one of the teams... There are always so many nuances in betting... So even betting on a simple result is always subject to careful analysis...

[justdimin]

Part of the problem here is the people are fooled into thinking that 90% of people who place bets are losers. That implies that 1 out of 10 people are winners, which many gamblers would be happy to take. In reality, for most non-skill based games you will find that 99.9% of people are losers, or a figure closer to that. As it comes down to simple math at the end of the day, take slot games for instance - people see a RTP figure of 95% and think that means they have a big chance of winning, but really it means you will on average lose 5% of your bet each time you gamble and ultimately it will drain away your balance until it reaches zero. Sport bets also have a comfortable buffer, or margin of error, built in for bookmakers who are equally very shrewd and constantly improving their prediction software to outplay you.

Isn't it true? We always hear that house has the advantage and then there is a house edge in which a bettor will just lose in the long term of playing a gambling. Only a tiny percent of people can get lucky some times but it's okay because gambling is not about earning a profit anyway but it's about having fun and passing the time.

We should only use small amounts for it so that we won't mind our losses and we won't get addicted in the game. What you said about slot is true and I was one of those people who believe on it but even so, I was still prone to losses. Never tried sports betting yet but its winning rate must be higher than slot and other luck-based games.

[ultrloa]

<snip>
If you only guess which team will win in a match, it won't work because each one has the same chance. But it will show when you analyze each team that you will find more info about them. You will see how each team is performing so you will be able to choose the right team.
-

Sports betting doesn't only offer choices between the winning and losing teams. There are also a bunch of other bets related to the game, such as which side will score the first point, the combined score, the number of points a player will make, or whether a specific scenario will happen. These types of bets are often more difficult to predict, which is why many people end up losing money from betting.

Indeed there are many, but it seems to guess or predict, as you mentioned, it will be much more difficult and requires advanced skills or can get even more information. And the most commonly chosen is sports betting which offers a selection of winning and losing teams, so it doesn't require more information. But if someone feels he can predict everything you say, he can just bet on other bets to get more wins.

If you're into sports betting, more information is always needed... Even if you intend to bet on one of the teams to win or lose, you still need to research a lot of statistics, such as personal meetings or recent home and away games of one of the teams... There are always so many nuances in betting... So even betting on a simple result is always subject to careful analysis...

This is really needed especially if you want to win using your own efforts made. But to many bettors are lazy tk do this since they want an easy way to make all their plans to happen. This is why they easily believe those claims of sports betting signal providers and get scam by those people. If they could just do their own research and take note about what you mention for sure they can do proper analysis and increase there chance to win on their places bets on sports.

[FanEagle]

Value betting is a lie that has been told to some people and that's it. It is not going to be guaranteed that it is a value bet to start with, aside from that we are not going to see regular results like expected neither. All these are expecting people to bet on things that make sense, and I understand it, but then we could have unexpected results back to back for a very long time that crashes your bankroll and you can't get it back.

It's like people think betting has a sure thing but it is created to make you lose in the end, so not 90% but 100% of the gamblers eventually lose long term. Some of them do win it time to time but that doesn't mean that we are going to end up with a good result eventually, it just means we are going to see it change.

[3meek]

<snip>
If you only guess which team will win in a match, it won't work because each one has the same chance. But it will show when you analyze each team that you will find more info about them. You will see how each team is performing so you will be able to choose the right team.
-

Sports betting doesn't only offer choices between the winning and losing teams. There are also a bunch of other bets related to the game, such as which side will score the first point, the combined score, the number of points a player will make, or whether a specific scenario will happen. These types of bets are often more difficult to predict, which is why many people end up losing money from betting.

Indeed there are many, but it seems to guess or predict, as you mentioned, it will be much more difficult and requires advanced skills or can get even more information. And the most commonly chosen is sports betting which offers a selection of winning and losing teams, so it doesn't require more information. But if someone feels he can predict everything you say, he can just bet on other bets to get more wins.

If you're into sports betting, more information is always needed... Even if you intend to bet on one of the teams to win or lose, you still need to research a lot of statistics, such as personal meetings or recent home and away games of one of the teams... There are always so many nuances in betting... So even betting on a simple result is always subject to careful analysis...

This is really needed especially if you want to win using your own efforts made. But to many bettors are lazy tk do this since they want an easy way to make all their plans to happen. This is why they easily believe those claims of sports betting signal providers and get scam by those people. If they could just do their own research and take note about what you mention for sure they can do proper analysis and increase there chance to win on their places bets on sports.

Various channels on Telegram or Twitter with tips on sports betting, it's a surefire way to lose your deposit... But sometimes bookmakers make a trap for gamblers themselves... For example, when they give very high odds on a team which is stronger than the opponent... So some gamblers, who didn't do any research before the game, bet on the team where the odds are smaller... They end up losing...

[QueenVera]

To break free from the cycle of losses, the gambler has to gamble qualitatively. Have a budget, set a time frame for gambling and do not go above your budget or the time you have allocated to gambling. Have other outdoor habits too. These are the starting points or the baby steps that should be taken to break free from the cycle of losses.

Your solution would be helpful to gamblers but will be hard for gamblers to do, gamblers are known for gambling continuously without taking break. It isn't the best practice but still gamblers do it with hopes of winning as they believe the more they gamble the higher their chances.

Exactly mate, it is always very difficult  for a gambler to implement having a budget and I always have to relate gamblers to traders in this very space because it is very difficult for a day trader to have a daily budget as it is always believed that the more he or she trades, the more chances they have to win and that also applies to what a daily gambler believes especially those of them that play virtual soccer.

Addiction is already a very wide issue we're  still battling in the gambling industry and one major reason that leads to addiction is chasing after losses and is should be a gospel to ne preached against.

[madnessteat]

^

In order not to chase your losses you need to understand one simple truth - gambling is an entertainment which, like all other entertainment requires you to spend money. Many gamblers perceive gambling as an opportunity to make easy money, but in fact this is a misconception and to understand it is enough to have an average education. In general, chasing his losses is a sure sign that the gambler has a gambling addiction and he needs to pay attention to it.

[dezoel]

I have no trouble believing that those 90% would also be applicable to those wo engage only in sports betting. Most of people would not make any deep analysis to give them an upper hand. And even if you do run proper research and analyses, it still doesn't guarantee you'll have a mathematical advantage. Even if your analysis is spot on, it'll only help you to determine odds for an event, but then you'll have to find a bookie who (according to you) miscalculated their odds, so you could take advantage from the difference.
Making constant profit from sports betting is really hard, it only works fine for arbitrage betting, but you can get banned really quickly if you do that.

It's understandable because no matter what, it's still a part of gambling and one cannot win constantly in gambling, but those who are good at doing research and analysis and have a lot of experience and knowledge about a particular sport, can always be profitable in sports betting because these things actually matter, maybe not everyone is good at them but those who are, tend to win more than they might lose.

And arbitrage betting is a totally different thing altogether, and even those who are experts in sports betting might not be able to pull up arbitrage bets sometimes because it's too risky and it requires a lot of time since you will need to search for different sportsbooks offering the same match with slightly different odds along with the research you usually do about the teams.

[klidex]

^

In order not to chase your losses you need to understand one simple truth - gambling is an entertainment which, like all other entertainment requires you to spend money. Many gamblers perceive gambling as an opportunity to make easy money, but in fact this is a misconception and to understand it is enough to have an average education. In general, chasing his losses is a sure sign that the gambler has a gambling addiction and he needs to pay attention to it.

Maybe this will be more suitable for this type of betting casino game because in every casino game it can be considered as entertainment trying strategies to be able to win and lose is a common thing.
But for sports betting, many gamblers think that this bet is for profit because it is more predictable and less dependent on luck.

[STT]

That seems to suggest that a lay bet of the same bets would make people alot of money.  Do both and just place the larger amount of value with what has tended to work in the past, lay or bet.   Then you can have fun betting and also make money at the same time.   Im usually betting on a team or sport I would watch anyway, its for fun not the idea Im somehow on my path to riches because I like to bet on a match every now and again; people are kidding themselves too much.

[kamvreto]

That seems to suggest that a lay bet of the same bets would make people alot of money.  Do both and just place the larger amount of value with what has tended to work in the past, lay or bet.   Then you can have fun betting and also make money at the same time.   Im usually betting on a team or sport I would watch anyway, its for fun not the idea Im somehow on my path to riches because I like to bet on a match every now and again; people are kidding themselves too much.

only a few or just lucky they do the same bet and then make a lot of money. See how many lose when they make the same bet, it's all just luck. Sports betting is also affected by how strong the teams are playing. If you support your favorite team but you know your team is under the opposing team, it will not make you happy when your team loses. Haya results in losing and not having enough fun. I'm not going to do that, just be more realistic. Support the team that has more potential to win because we are only looking for profits in the end.

[cryptomaniac_xxx]

Re: Why do 90% of Bettors Lose in Sports Betting in the Long-term?

Responding directly to the title...

I would say that the long-term problem with sports betting is a sum of several factors....

First, because it is difficult to obtain bets that are advantageous when we consider a probable winning scenario, and betting on the unlikely is "financial suicide".

If profits are low, losses are always high, making just one loss enough to drain profit from up to five winning bets in a row.

Even if sports betting is based on a real event, from which we can scrutinize data, raise statistics and minimize risks, there will always be a game in which everything will go wrong and go against predetermined standards.

I believe that the days of making money with sports betting are over, currently I play just for fun and eventually make a "crazy" bet relying on luck.

I don't think it's over though, perhaps as you have said it could be a combinations of many factors that is beyond our control. There are a lot of parameters to be noted, maybe just basing on the odds might not be enough as there are underdogs that can win a match.

The most difficult part though is that if we make parlay bets, a single bet might be difficult already, but if you parlay and combine games and because you are looking for a good hit then this might not be suitable as the total accumulation of losses could be huge in the long run as well.

[borovichok]

That seems to suggest that a lay bet of the same bets would make people alot of money.  Do both and just place the larger amount of value with what has tended to work in the past, lay or bet.   Then you can have fun betting and also make money at the same time.   Im usually betting on a team or sport I would watch anyway, its for fun not the idea Im somehow on my path to riches because I like to bet on a match every now and again; people are kidding themselves too much.

Winning has a cost, and one of them is consistency and familiarity with the gaming system. For me, I am familiar with the challenging teams that surround the league on which I wager, which is the English Premier League. Although it's a tough league, certain things can guarantee to happen. Manchester City cannot lose ten games in a season, and their chances of winning every game are likely to be 80%. As you can see, the majority of my gambling targets are aimed directly at the cityzens, and I'm confident that each game wager in favor of Manchester City has an 80% success rate, higher than any other club in the league, with these simple strategy, making money from gambling quite easy.

[swogerino]

I would also add the lack of patience sometimes.This happens when someone of us hits a win in sport betting and immediately think of betting the winning amount back in order to profit more.This though does not let most of us to think clearly because of our added adrenaline at that moment and we most likely lose some money,we try to chase back losses and we end up losing more.So based on this patience plays a determinant role in sport betting as based on it a good sport bettor can be in continuous winning bets if he does not rush and want to bet further and further without much study of the events.

[slapper]

That seems to suggest that a lay bet of the same bets would make people alot of money.  Do both and just place the larger amount of value with what has tended to work in the past, lay or bet.   Then you can have fun betting and also make money at the same time.   Im usually betting on a team or sport I would watch anyway, its for fun not the idea Im somehow on my path to riches because I like to bet on a match every now and again; people are kidding themselves too much.

Winning has a cost, and one of them is consistency and familiarity with the gaming system. For me, I am familiar with the challenging teams that surround the league on which I wager, which is the English Premier League. Although it's a tough league, certain things can guarantee to happen. Manchester City cannot lose ten games in a season, and their chances of winning every game are likely to be 80%. As you can see, the majority of my gambling targets are aimed directly at the cityzens, and I'm confident that each game wager in favor of Manchester City has an 80% success rate, higher than any other club in the league, with these simple strategy, making money from gambling quite easy.

The law of averages doesn't always hold true in the dynamic world of sports, especially football. There is no disputing that sticking with Manchester City is a wise move. They make a strong team. An 80% success percentage does not, however, guarantee an 80% return on your wagers, as any statistician will point out. After all, football is full of unexpected events like unforeseen injuries, questionable referee decisions, and abrupt changes in form. The "certainty" is rather muddled due to these variables

Additionally, keep in mind the "favorite-longshot bias". The likelihood of victory lessens when everyone wagers on the favorite (in this example, MC). In the betting industry, this economic phenomenon is well-documented. Therefore, even though your technique appears to be sound, it is crucial to take into account all possible factors and diversify your betting portfolio for the greatest results. You only need a little more complexity given your solid foundation

[Crypt0Gore]

If sports are something that takes place in an anonymous form, people that bets on them will think that they are been cheated on way or the other, I don't even want to know why 90% of bettors lose in sports betting, it happens in every games of luck out there, sports are game of luck take it or leave it, even if you are supporting the strongest team, the future remains unknown to you, this is how powerful the maker of heaven and earth is, always remember HE that knows what will happen in the next hour days and years, no human have this ability, and this makes even our lives a game like, because we don't know who will live to see tomorrow.

Gambling is not something you should be in consistency about, it's not something you should keep working on like a project, it's a game a luck and you need to treat it like a game of luck.

Meaning, you should not expect anything life-changing from it, the possibility of losing all your cash is very high and that's why you need to throw away small money and treat it as having some fun.

Gambling can never be my source of income or something that I get so serious with like most people used to.

[len01]

I would also add the lack of patience sometimes.This happens when someone of us hits a win in sport betting and immediately think of betting the winning amount back in order to profit more.This though does not let most of us to think clearly because of our added adrenaline at that moment and we most likely lose some money,we try to chase back losses and we end up losing more.So based on this patience plays a determinant role in sport betting as based on it a good sport bettor can be in continuous winning bets if he does not rush and want to bet further and further without much study of the events.

yep, that's true. sometimes a person is too ambitious when he wins several times which affects the adrenaline to increase and tries to bet on an unknown sport which he thinks will win but turns out to be a loser. I myself have experienced a situation like this when I bet on the premier league and won 5x after that I tried to bet on a league that I didn't know and my mind was only sure that I would win. this kind of thinking is overly confident but too bad for the long run.
from the problems that I have experienced as you describe, I learned a very valuable lesson that if you bet on sports that you know and analyze carefully, it will be very important and avoid overconfidence.

[maydna]

~snip~

If you're into sports betting, more information is always needed... Even if you intend to bet on one of the teams to win or lose, you still need to research a lot of statistics, such as personal meetings or recent home and away games of one of the teams... There are always so many nuances in betting... So even betting on a simple result is always subject to careful analysis...

The important before starting sports betting is research; the more data you can get, the greater your chance of making the right decision because your analysis can be more accurate. But that doesn't guarantee that you can always win because everything can change, even at the start of the game. But if you're not good at analyzing it, that's okay too because you can still bet small amounts, so you don't lose much money. While continuing to learn to analyze, you can start to improve your analytical skills, and maybe you can increase the number of bets little by little. But placing big money bets is still not recommended, especially if you are not ready to lose.

[ChiBitCTy]

I think the main thing is that most people whom bet sports aren’t really as knowledgeable about the sports they are betting on as much as they think they are. A lot of people will also just make bets on sports games just to have some “action” on something that day. Those are both two recipes for disaster but people tend to not be able to control themselves.

[tusandii]

I think the main thing is that most people whom bet sports aren’t really as knowledgeable about the sports they are betting on as much as they think they are. A lot of people will also just make bets on sports games just to have some “action” on something that day. Those are both two recipes for disaster but people tend to not be able to control themselves.

It is true that most gamblers who like to bet on their sports do not have extensive knowledge of the sport at stake and some gamblers are only fixated on the odds of the betting options.
Actually this provides a bigger risk but unfortunately no one cares about that and only thinks about the chances of winning.

From the other side, these two options are also a recipe for disaster because no one has succeeded in achieving real success from gambling except the gambling site owner himself and several other providers.

[GigaBit]

~snip~

If you're into sports betting, more information is always needed... Even if you intend to bet on one of the teams to win or lose, you still need to research a lot of statistics, such as personal meetings or recent home and away games of one of the teams... There are always so many nuances in betting... So even betting on a simple result is always subject to careful analysis...

The important before starting sports betting is research; the more data you can get, the greater your chance of making the right decision because your analysis can be more accurate. But that doesn't guarantee that you can always win because everything can change, even at the start of the game. But if you're not good at analyzing it, that's okay too because you can still bet small amounts, so you don't lose much money. While continuing to learn to analyze, you can start to improve your analytical skills, and maybe you can increase the number of bets little by little. But placing big money bets is still not recommended, especially if you are not ready to lose.

It is true that the more research that can be done on sports betting, the higher the chances of winning can be found. But there is no guarantee. Many may object to this because there are instances in sports betting where a team has a 99 percent chance of winning but still loses. No matter how good the team or how good the research, good research can become worthless because there is no guarantee of victory. So there is no option to give equal importance to luck along with research.

[Gozie51]

It is true that most gamblers who like to bet on their sports do not have extensive knowledge of the sport at stake and some gamblers are only fixated on the odds of the betting options.
Actually this provides a bigger risk but unfortunately no one cares about that and only thinks about the chances of winning.

Yeah sometimes bettors are forced to want to take the bull by its horn when they have consistently lost their bet especially with ridiculously lower odds. This is the reason that they throw in all to want to go for the big odds with minding the losing rate but only envisage how much they would win if the game turns into their favour. This is understandable if you have been or met a serial loser. However because gambling is a game of chance, people could also get lucky to win such big odds but it is better to play cool with the emotions to take a proper gambling decision based on analysis, checking prediction sites and compare other games played by other bettors.

[BitcoinPanther]

@OP I do not think you can compare the odds of coin toss and sports betting.  Coin toss is obviously a chance/luck type of game while sports betting is more inclined on the skill of the bettor.  So integrating the possibility of a coin toss to support the argument of why 90% of bettors lose in sports betting is somehow moot, IMO.

It is true that most gamblers who like to bet on their sports do not have extensive knowledge of the sport at stake and some gamblers are only fixated on the odds of the betting options.
Actually this provides a bigger risk but unfortunately no one cares about that and only thinks about the chances of winning.

It is the choice of the gambler to bet even though he has no knowledge prior to the sports he is betting.  A more responsible gambler will often consider their knowledge regarding the sports they wanted to bet.  So this only means that most gambler that bet on sports that they lack knowledge thinks that sports betting is a chance type of gambling games which we know that is not the case.

It is true that the more research that can be done on sports betting, the higher the chances of winning can be found. But there is no guarantee. Many may object to this because there are instances in sports betting where a team has a 99 percent chance of winning but still loses. No matter how good the team or how good the research, good research can become worthless because there is no guarantee of victory. So there is no option to give equal importance to luck along with research.

The knowledge itself is the guarantee that a bettor have higher chance of winning.  Though there are upsets but that rarely happens compared to the team that has an actual advantage of winnings.

[darkangel11]

Value betting is a lie that has been told to some people and that's it. It is not going to be guaranteed that it is a value bet to start with, aside from that we are not going to see regular results like expected neither. All these are expecting people to bet on things that make sense, and I understand it, but then we could have unexpected results back to back for a very long time that crashes your bankroll and you can't get it back.

It's like people think betting has a sure thing but it is created to make you lose in the end, so not 90% but 100% of the gamblers eventually lose long term. Some of them do win it time to time but that doesn't mean that we are going to end up with a good result eventually, it just means we are going to see it change.

That's true. To a gambler who is betting money on a given outcome every bet is a value bet, because otherwise they wouldn't be placing it. Finding a bookie that gives you a little bit more for the same bet might be seen as a value bet because you can make more if you win, but what if you don't. The odds don't change. One bookie will pay you back $100 and the other $95, but if you lose, you lose it all. This means that if you're unlucky, no amount of value betting and bonus hunting will change that, it will only get your hopes up.

[shogun47]

Value betting is a lie that has been told to some people and that's it. It is not going to be guaranteed that it is a value bet to start with, aside from that we are not going to see regular results like expected neither. All these are expecting people to bet on things that make sense, and I understand it, but then we could have unexpected results back to back for a very long time that crashes your bankroll and you can't get it back.

It's like people think betting has a sure thing but it is created to make you lose in the end, so not 90% but 100% of the gamblers eventually lose long term. Some of them do win it time to time but that doesn't mean that we are going to end up with a good result eventually, it just means we are going to see it change.

That's true. To a gambler who is betting money on a given outcome every bet is a value bet, because otherwise they wouldn't be placing it. Finding a bookie that gives you a little bit more for the same bet might be seen as a value bet because you can make more if you win, but what if you don't. The odds don't change. One bookie will pay you back $100 and the other $95, but if you lose, you lose it all. This means that if you're unlucky, no amount of value betting and bonus hunting will change that, it will only get your hopes up.

That is one thing to consider but another important thing to take into account is that jumping around from bookie to bookie can also create additional risk because everytime you deposit money with a new bookie, several things can happen like the provider going broke or withdrawals taking forever or even be denied. I had the situation that the odds were great on one platform while not so good on another platform where I had money. I transferred it and got my funds stuck. I ended up playing on my favorite bookie then because it is not worth the hassle that may not be that obvious in the first place.

[pawel7777]

That's true. To a gambler who is betting money on a given outcome every bet is a value bet, because otherwise they wouldn't be placing it. Finding a bookie that gives you a little bit more for the same bet might be seen as a value bet because you can make more if you win, but what if you don't. The odds don't change. One bookie will pay you back $100 and the other $95, but if you lose, you lose it all. This means that if you're unlucky, no amount of value betting and bonus hunting will change that, it will only get your hopes up.

That's not true, most gamblers don't care about value betting and wouldn't run any odds/payout analysing. Instead, they'd be focused on betting on the most probable outcome, oftentimes accepting poor payout rates.
Value betting is not about guaranteed win, but about spotting odds that are higher than they should be. If I offer to pay you $1.20 if you win a coin toss with a wager of $1 - that's a good value, despite of whether you win or lose.

[AmoreJaz]

~snip~

If you're into sports betting, more information is always needed... Even if you intend to bet on one of the teams to win or lose, you still need to research a lot of statistics, such as personal meetings or recent home and away games of one of the teams... There are always so many nuances in betting... So even betting on a simple result is always subject to careful analysis...

The important before starting sports betting is research; the more data you can get, the greater your chance of making the right decision because your analysis can be more accurate. But that doesn't guarantee that you can always win because everything can change, even at the start of the game. But if you're not good at analyzing it, that's okay too because you can still bet small amounts, so you don't lose much money. While continuing to learn to analyze, you can start to improve your analytical skills, and maybe you can increase the number of bets little by little. But placing big money bets is still not recommended, especially if you are not ready to lose.

It is true that the more research that can be done on sports betting, the higher the chances of winning can be found. But there is no guarantee. Many may object to this because there are instances in sports betting where a team has a 99 percent chance of winning but still loses. No matter how good the team or how good the research, good research can become worthless because there is no guarantee of victory. So there is no option to give equal importance to luck along with research.

because remember upsets do always happen. when an athlete or team is outside the field, there are some factors that we can't control of. just like new line-up of athletes, new coach, new strategies, injuries, weather conditions and others. so yeah, even if we say, we have very good chance of winning, when some of these factors are already in play, we can't totally guarantee our winnings.
and in case you are in luck and you got your winnings, if you won't stop for a bit and continue to place bets, definitely, the chance of losing it all is very imminent.

[rojan]

~snip~

If you're into sports betting, more information is always needed... Even if you intend to bet on one of the teams to win or lose, you still need to research a lot of statistics, such as personal meetings or recent home and away games of one of the teams... There are always so many nuances in betting... So even betting on a simple result is always subject to careful analysis...

The important before starting sports betting is research; the more data you can get, the greater your chance of making the right decision because your analysis can be more accurate. But that doesn't guarantee that you can always win because everything can change, even at the start of the game. But if you're not good at analyzing it, that's okay too because you can still bet small amounts, so you don't lose much money. While continuing to learn to analyze, you can start to improve your analytical skills, and maybe you can increase the number of bets little by little. But placing big money bets is still not recommended, especially if you are not ready to lose.

It is true that the more research that can be done on sports betting, the higher the chances of winning can be found. But there is no guarantee. Many may object to this because there are instances in sports betting where a team has a 99 percent chance of winning but still loses. No matter how good the team or how good the research, good research can become worthless because there is no guarantee of victory. So there is no option to give equal importance to luck along with research.

The more you talk about sports betting, the more you will know which team will win. You will never win your favorite team by doing too much research on sports betting. Your favorite team will win only if your luck is on your side. If your favorite team's players play poorly.  But you will have bad luck.Players play a big role behind a team winning. Yes we have seen a team lose after having 99% chance of winning. So never 100% sure which team will win.

[tusandii]

It is true that most gamblers who like to bet on their sports do not have extensive knowledge of the sport at stake and some gamblers are only fixated on the odds of the betting options.
Actually this provides a bigger risk but unfortunately no one cares about that and only thinks about the chances of winning.

It is the choice of the gambler to bet even though he has no knowledge prior to the sports he is betting.  A more responsible gambler will often consider their knowledge regarding the sports they wanted to bet.  So this only means that most gambler that bet on sports that they lack knowledge thinks that sports betting is a chance type of gambling games which we know that is not the case.

It is true that all forms of gambling are a choice and whether they have the knowledge or not to bet is a risk they have to accept when they lose.
But betting on sports without knowledge and experience is the same as gamblers giving up their money to lose because they only rely on their luck while experience and knowledge greatly affect the chances of winning.
It's better to learn all the knowledge about sports before deciding to bet.

[Pierre 2]

If sports are something that takes place in an anonymous form, people that bets on them will think that they are been cheated on way or the other, I don't even want to know why 90% of bettors lose in sports betting, it happens in every games of luck out there, sports are game of luck take it or leave it, even if you are supporting the strongest team, the future remains unknown to you, this is how powerful the maker of heaven and earth is, always remember HE that knows what will happen in the next hour days and years, no human have this ability, and this makes even our lives a game like, because we don't know who will live to see tomorrow.

Gambling is not something you should be in consistency about, it's not something you should keep working on like a project, it's a game a luck and you need to treat it like a game of luck.

Meaning, you should not expect anything life-changing from it, the possibility of losing all your cash is very high and that's why you need to throw away small money and treat it as having some fun.

Gambling can never be my source of income or something that I get so serious with like most people used to.

Many gamblers believe skill increases predictability. They are not exactly wrong. If someone was performing bad, he won't play in that specific match OR %80-90 possibility he will play bad again. So if you take a guess in small scale you may be proven right. But whole competitive matches are very grand scale. In such scale as you already said, only God can know. We humans cannot calculate that hard. If sports were that much easy to gamble, they would completely remove it from list. Its main reason where we can make money through sports with correct guesses.

[Outhue]

Sports bets are way better than every other gambling games on the casino, it's why I prefer sports bets over roulette, also it's more recommendable for someone who loves a specific sport game, they knows about the sport very well and they derive pleasure from tbs sport too, so yes this type of person is fit for the sport gambling, but I do have a problem with gambling in general, even if you win twice or more after losing like right times already (talking from my last gambling experience) you will still lose what you earned unless you stop gambling finally.

Most times, gambling and winning is like you are been lend some money to go and relax and come back when you are ready to pay up, because believe me you will pay back what you won unless you stop gambling, anyone feeling this way?

[maydna]

~snip~

It is true that the more research that can be done on sports betting, the higher the chances of winning can be found. But there is no guarantee. Many may object to this because there are instances in sports betting where a team has a 99 percent chance of winning but still loses. No matter how good the team or how good the research, good research can become worthless because there is no guarantee of victory. So there is no option to give equal importance to luck along with research.

That's why we must realize that things can change drastically, especially when the match has started, so we must be careful in analyzing. And with that analysis, we can find out how many chances each team has and which team has a bigger chance of winning. It's not easy to always win at sports betting, but we can win occasionally. And that is our chance to be able to get a win at sports betting. So we really have to have good analytical skills to choose the right team to be the winner.

[beerlover]

I would also add the lack of patience sometimes.This happens when someone of us hits a win in sport betting and immediately think of betting the winning amount back in order to profit more.This though does not let most of us to think clearly because of our added adrenaline at that moment and we most likely lose some money,we try to chase back losses and we end up losing more.So based on this patience plays a determinant role in sport betting as based on it a good sport bettor can be in continuous winning bets if he does not rush and want to bet further and further without much study of the events.

yep, that's true. sometimes a person is too ambitious when he wins several times which affects the adrenaline to increase and tries to bet on an unknown sport which he thinks will win but turns out to be a loser. I myself have experienced a situation like this when I bet on the premier league and won 5x after that I tried to bet on a league that I didn't know and my mind was only sure that I would win. this kind of thinking is overly confident but too bad for the long run.
from the problems that I have experienced as you describe, I learned a very valuable lesson that if you bet on sports that you know and analyze carefully, it will be very important and avoid overconfidence.

Many people get too greedy and they end up with a lot of loss BECAUSE they won. I keep saying that winning is the worst thing in gambling and people mock me but I am serious about it, because if you start with a loss and then win to break even that's great, but if you start with a win and start losing after that it causes you to be a lot worse on the long run and you end up with a bad return.

I believe it would be smarter if you could end up realizing that the win was just a one time thing and you will not have a good result in the end if you keep that up. I hope that people realize winning is sparse and you are going to need to learn that quickly if you want to keep having some wins, and not lose all of your money gambling.

[Fredomago]

~snip~

It is true that the more research that can be done on sports betting, the higher the chances of winning can be found. But there is no guarantee. Many may object to this because there are instances in sports betting where a team has a 99 percent chance of winning but still loses. No matter how good the team or how good the research, good research can become worthless because there is no guarantee of victory. So there is no option to give equal importance to luck along with research.

That's why we must realize that things can change drastically, especially when the match has started, so we must be careful in analyzing. And with that analysis, we can find out how many chances each team has and which team has a bigger chance of winning. It's not easy to always win at sports betting, but we can win occasionally. And that is our chance to be able to get a win at sports betting. So we really have to have good analytical skills to choose the right team to be the winner.

We need to be practical and wise, if you find a value bet and you manage to win it's always better to rest out and enjoy with the money that you earn, you win some and probably you lose more, that's how most of the gamblers understand when betting into sports games, if you know how to handle every situation and you can control your gambling habits. There's a chance that you can earn decently, not a guarantee though as you still inside gambling and just like what it's said from OP, the percentage of losing is higher than from those who can manage to win from this activity.

[Wakate]

I think the main thing is that most people whom bet sports aren’t really as knowledgeable about the sports they are betting on as much as they think they are. A lot of people will also just make bets on sports games just to have some “action” on something that day. Those are both two recipes for disaster but people tend to not be able to control themselves.

Even though many people that bet on sportbet are not that knowledgeable, there are people that are still making huge profits from betting. There are people that had gain the knowledge and pattern of betting and having a consistent winning and they don't waste time making money from sport bet. Sport bet is very easy to make profits but some persons had used greed to scatter there possibility of making winnings which is one of the problems of gamblers.

 If we know that winning is not something that we need to force or fight at all means for us to make money from gambling, we all going to start making winnings gradually without pressure.

[pawel7777]

Even though many people that bet on sportbet are not that knowledgeable, there are people that are still making huge profits from betting. There are people that had gain the knowledge and pattern of betting and having a consistent winning and they don't waste time making money from sport bet. Sport bet is very easy to make profits but some persons had used greed to scatter there possibility of making winnings which is one of the problems of gamblers.

I doubt it. People making a living out of sports betting are like unicorns, everyone has heard about them but no one has seen them in real life.
The only way to make consistent profits would be arbitrage betting. The problems with that are: 1) you have limited opportunities; 2) sooner or later, it'll get you banned from betting platforms.
Other than that I see no realistic option for regular profit. You making consistent wins would require bookies to keep miscalculating odds in your favour, which is unlikely to happen (on a regular basis).

[Mauser]

To consistently accumulate wealth with low risk, two standout approaches have proven their worth: Bonus Hunting and Arbitrage Betting. I have personally employed these strategies since 2011, experiencing consistent success with profits exceeding $1 million. However, it’s important to remember that individual results may vary.

Both bonus hunting and arbitrage betting are not strategies that we can do constantly and rely upon to make a profit for us forever. Eventually we are going to have played at all sportsbook and used up all the available bonuses. In my experiences bonuses are a great way to start out at a new website, it gives us a decent profit and helps to build up our initial bankroll. But we can't be switching around all the time between new sportsbooks in an effort to find new bonuses. There is also a risk to that strategy when playing at new websites with very good bonuses, it could be a scam and we lose all our money. Arbitrage opportunities on the other side usually last only a short period of time and we can’t find them every day. There are many other people looking for arbitrage opportunities as well, which will lead to a large number of bets on the game and the bookie will adjust his odds quickly. Arbitrage is a nice additional income we can do on the side, but I don’t think we can only rely on a strategy that focuses on arbitrage betting.

[maydna]

~snip~

We need to be practical and wise, if you find a value bet and you manage to win it's always better to rest out and enjoy with the money that you earn, you win some and probably you lose more, that's how most of the gamblers understand when betting into sports games, if you know how to handle every situation and you can control your gambling habits. There's a chance that you can earn decently, not a guarantee though as you still inside gambling and just like what it's said from OP, the percentage of losing is higher than from those who can manage to win from this activity.

And don't even think about continuing to play gambling because that can lead you to losses and eliminate the money you previously earned. But many people don't understand this rule and instead try to play one more round, but they increase the stakes in the hope that this one last round can give them a big advantage. But they lose so much money that they only regret it because if they had stopped at the last win, they would have been able to enjoy the winning money and not lose it. And there are indeed no guarantees for winning in gambling, so we have to know the situation.

[coinerer]

Not only with sportsgambling but to all gambling games. Reason? Winning is never certain therefore playing more often would expose you to higher risk. Even if you happened to won big, it'll eventually be turned into loss; you won't win always. Higher exposure means higher risk unless you are lucky enough. Analysis would work indeed in sportsbetting but as we all know, anything could happen within a match. Even underdogs has chances to win and if you would be too greedy of winning because you have a lowe odd bet, then be prepared to suffer big time as well once the unexpected happens. We are all prone to greed and frustration.

Sport is a physical game and for this two teams play physically on the field so here it is easy for a stronger team to win the match but sometimes it is seen that the stronger team unfortunately also loses. one who knows more about the team and better about the player's performance can predict the outcome of the match successfully. But this prediction does not always work because many times it is seen that many good teams lose easy matches then many professional gamblers also lose there bet

[klidex]

Not only with sportsgambling but to all gambling games. Reason? Winning is never certain therefore playing more often would expose you to higher risk. Even if you happened to won big, it'll eventually be turned into loss; you won't win always. Higher exposure means higher risk unless you are lucky enough. Analysis would work indeed in sportsbetting but as we all know, anything could happen within a match. Even underdogs has chances to win and if you would be too greedy of winning because you have a lowe odd bet, then be prepared to suffer big time as well once the unexpected happens. We are all prone to greed and frustration.

Sport is a physical game and for this two teams play physically on the field so here it is easy for a stronger team to win the match but sometimes it is seen that the stronger team unfortunately also loses. one who knows more about the team and better about the player's performance can predict the outcome of the match successfully. But this prediction does not always work because many times it is seen that many good teams lose easy matches then many professional gamblers also lose there bet

These are the answers to all the questions in this topic that professional gamblers sometimes still experience successive defeats because even if the club chosen is a strong club, all of that cannot provide guarantees and sometimes there are always surprises when the opposing club wins the match.
It is possible to win in the long term when betting on sports when you have an insider.

[Blitzboy]

To consistently accumulate wealth with low risk, two standout approaches have proven their worth: Bonus Hunting and Arbitrage Betting. I have personally employed these strategies since 2011, experiencing consistent success with profits exceeding $1 million. However, it’s important to remember that individual results may vary.

Both bonus hunting and arbitrage betting are not strategies that we can do constantly and rely upon to make a profit for us forever. Eventually we are going to have played at all sportsbook and used up all the available bonuses. In my experiences bonuses are a great way to start out at a new website, it gives us a decent profit and helps to build up our initial bankroll. But we can't be switching around all the time between new sportsbooks in an effort to find new bonuses. There is also a risk to that strategy when playing at new websites with very good bonuses, it could be a scam and we lose all our money. Arbitrage opportunities on the other side usually last only a short period of time and we can’t find them every day. There are many other people looking for arbitrage opportunities as well, which will lead to a large number of bets on the game and the bookie will adjust his odds quickly. Arbitrage is a nice additional income we can do on the side, but I don’t think we can only rely on a strategy that focuses on arbitrage betting.

Sports betting is like life - unpredictable and transient. We may miss bonus hunting, but time will run out. Arbitrage betting? That bird rarely roosts. After the excitement, it's back to work. Betting isn't easy. Risky high-low game. The house always wins, and our chances of beating it are minimal. Why not make betting a rollercoaster instead of a gravy train? Take it gently and enjoy the excitement. Life is too short for number crunching and bonus chasing.

[Russlenat]

Not only with sportsgambling but to all gambling games. Reason? Winning is never certain therefore playing more often would expose you to higher risk. Even if you happened to won big, it'll eventually be turned into loss; you won't win always. Higher exposure means higher risk unless you are lucky enough. Analysis would work indeed in sportsbetting but as we all know, anything could happen within a match. Even underdogs has chances to win and if you would be too greedy of winning because you have a lowe odd bet, then be prepared to suffer big time as well once the unexpected happens. We are all prone to greed and frustration.

Sport is a physical game and for this two teams play physically on the field so here it is easy for a stronger team to win the match but sometimes it is seen that the stronger team unfortunately also loses. one who knows more about the team and better about the player's performance can predict the outcome of the match successfully. But this prediction does not always work because many times it is seen that many good teams lose easy matches then many professional gamblers also lose there bet

These are the answers to all the questions in this topic that professional gamblers sometimes still experience successive defeats because even if the club chosen is a strong club, all of that cannot provide guarantees and sometimes there are always surprises when the opposing club wins the match.
It is possible to win in the long term when betting on sports when you have an insider.

And hence why there are lots of casinos all over the world who offers sports betting because aside from it's uncertainty, people will have a hard time choosing what would be the best bet that will give them a higher chances to win but in the end, it all boils down to the same fact, that even if it's a high chance like let's say 80% chance, that doesn't really mean that they will win because upsets can happen almost every single time and even professional gamblers cannot predict this on their own.

[Fredomago]

~snip~

We need to be practical and wise, if you find a value bet and you manage to win it's always better to rest out and enjoy with the money that you earn, you win some and probably you lose more, that's how most of the gamblers understand when betting into sports games, if you know how to handle every situation and you can control your gambling habits. There's a chance that you can earn decently, not a guarantee though as you still inside gambling and just like what it's said from OP, the percentage of losing is higher than from those who can manage to win from this activity.

And don't even think about continuing to play gambling because that can lead you to losses and eliminate the money you previously earned. But many people don't understand this rule and instead try to play one more round, but they increase the stakes in the hope that this one last round can give them a big advantage. But they lose so much money that they only regret it because if they had stopped at the last win, they would have been able to enjoy the winning money and not lose it. And there are indeed no guarantees for winning in gambling, so we have to know the situation.

Nothing to say about that' as there are many people who mistakenly think that they can continue the wins and they are already have the winning patterns, and instead of quitting for good, they will continue and try playing more. We really can't tell what's the reason behind they just wanted t make more money and greed already conquer their mindsets.

Not only with sportsgambling but to all gambling games. Reason? Winning is never certain therefore playing more often would expose you to higher risk. Even if you happened to won big, it'll eventually be turned into loss; you won't win always. Higher exposure means higher risk unless you are lucky enough. Analysis would work indeed in sportsbetting but as we all know, anything could happen within a match. Even underdogs has chances to win and if you would be too greedy of winning because you have a lowe odd bet, then be prepared to suffer big time as well once the unexpected happens. We are all prone to greed and frustration.

Sport is a physical game and for this two teams play physically on the field so here it is easy for a stronger team to win the match but sometimes it is seen that the stronger team unfortunately also loses. one who knows more about the team and better about the player's performance can predict the outcome of the match successfully. But this prediction does not always work because many times it is seen that many good teams lose easy matches then many professional gamblers also lose there bet

These are the answers to all the questions in this topic that professional gamblers sometimes still experience successive defeats because even if the club chosen is a strong club, all of that cannot provide guarantees and sometimes there are always surprises when the opposing club wins the match.
It is possible to win in the long term when betting on sports when you have an insider.

And hence why there are lots of casinos all over the world who offers sports betting because aside from it's uncertainty, people will have a hard time choosing what would be the best bet that will give them a higher chances to win but in the end, it all boils down to the same fact, that even if it's a high chance like let's say 80% chance, that doesn't really mean that they will win because upsets can happen almost every single time and even professional gamblers cannot predict this on their own.

Following that logic, at the end of the day there are more losing bettors than to those who wins against the house, the reason why more and more casinos are offering this kind of betting as they have lots of gamblers who loves betting with their favorite sports.

[Webetcoins]

I think the main thing is that most people whom bet sports aren’t really as knowledgeable about the sports they are betting on as much as they think they are. A lot of people will also just make bets on sports games just to have some “action” on something that day. Those are both two recipes for disaster but people tend to not be able to control themselves.

One of the easiest ways to lose money is obviously to bet on sports that you are not knowledgeable or experienced about because you can barely win with predictions that have no basis at all, sports betting requires one to have enough knowledge and experience to be able to master the art of winning in it, otherwise, it will take away all the money one has if they bet like an expert on games that they know nothing at all about, that's definitely a disaster.

If someone wants to pass their time or have some action, they should simply play on some slots machine where they might also hit some big multiplier while playing and it's both fun and thrilling while I don't see much thrill in betting on a game that you don't know at all only to see yourself lose, or maybe win if you are too lucky.

[len01]

I think the main thing is that most people whom bet sports aren’t really as knowledgeable about the sports they are betting on as much as they think they are. A lot of people will also just make bets on sports games just to have some “action” on something that day. Those are both two recipes for disaster but people tend to not be able to control themselves.

One of the easiest ways to lose money is obviously to bet on sports that you are not knowledgeable or experienced about because you can barely win with predictions that have no basis at all, sports betting requires one to have enough knowledge and experience to be able to master the art of winning in it, otherwise, it will take away all the money one has if they bet like an expert on games that they know nothing at all about, that's definitely a disaster.

-snip

I support your statement because it makes sense when someone who bets on a team they don't know will definitely have a harder time winning and it's all just because of a winning streak after that the thought arises that that day is a lucky day and only bets on the underdog team without analyzing the sport.
so that these people will experience defeat even though they have won in a row several times in the end they lose too. as was the case some time ago there was someone on this forum who wrote the history of betting with large numbers of wins several times but in the end they lost.
this is the reason all the statements we discuss here are still a bit down to luck.

[_act_]

Even though many people that bet on sportbet are not that knowledgeable, there are people that are still making huge profits from betting. There are people that had gain the knowledge and pattern of betting and having a consistent winning and they don't waste time making money from sport bet. Sport bet is very easy to make profits but some persons had used greed to scatter there possibility of making winnings which is one of the problems of gamblers.

I doubt it. People making a living out of sports betting are like unicorns, everyone has heard about them but no one has seen them in real life.
The only way to make consistent profits would be arbitrage betting. The problems with that are: 1) you have limited opportunities; 2) sooner or later, it'll get you banned from betting platforms.
Other than that I see no realistic option for regular profit. You making consistent wins would require bookies to keep miscalculating odds in your favour, which is unlikely to happen (on a regular basis).

If someone is able to successfully use arbitrage continuously, he can win. The person can get caught if having multiple accounts in the same betting site, but you can do the arbitrage betting using different sites and do not violate rules at all.

Another way to make money from gambling is to be visiting new reputable sites with first time deposit bonus. Some gamblers visit those sites because they want to use the bonus to make more money. But this can be dangerous, news sites needs to be investigated to know if it is fake or not. You can also register on many old sites which have first time deposit bonus.

But to bet and win without this two things above, no one can win the gambling site.

[coinerer]

Not only with sportsgambling but to all gambling games. Reason? Winning is never certain therefore playing more often would expose you to higher risk. Even if you happened to won big, it'll eventually be turned into loss; you won't win always. Higher exposure means higher risk unless you are lucky enough. Analysis would work indeed in sportsbetting but as we all know, anything could happen within a match. Even underdogs has chances to win and if you would be too greedy of winning because you have a lowe odd bet, then be prepared to suffer big time as well once the unexpected happens. We are all prone to greed and frustration.

Sport is a physical game and for this two teams play physically on the field so here it is easy for a stronger team to win the match but sometimes it is seen that the stronger team unfortunately also loses. one who knows more about the team and better about the player's performance can predict the outcome of the match successfully. But this prediction does not always work because many times it is seen that many good teams lose easy matches then many professional gamblers also lose there bet

These are the answers to all the questions in this topic that professional gamblers sometimes still experience successive defeats because even if the club chosen is a strong club, all of that cannot provide guarantees and sometimes there are always surprises when the opposing club wins the match.
It is possible to win in the long term when betting on sports when you have an insider.

And hence why there are lots of casinos all over the world who offers sports betting because aside from it's uncertainty, people will have a hard time choosing what would be the best bet that will give them a higher chances to win but in the end, it all boils down to the same fact, that even if it's a high chance like let's say 80% chance, that doesn't really mean that they will win because upsets can happen almost every single time and even professional gamblers cannot predict this on their own.

Every site has roughly the same odds for sports bets, so no casino site sets their odds differently. and no site keeps any kind of algorithm set for sports betting, in this case the result of the bet is published according to the game that is played live on the field. So there is no telling what percentage gamblers will win on sports bets.  It depends on how well a gambler can predict by analyzing the players' previous game performance. the gambling site has nothing to do here

[maydna]

~snip~

Nothing to say about that' as there are many people who mistakenly think that they can continue the wins and they are already have the winning patterns, and instead of quitting for good, they will continue and try playing more. We really can't tell what's the reason behind they just wanted t make more money and greed already conquer their mindsets.

You said it right. They think that by continuing to play, they still have a chance to win, especially if they can use more capital because the wins they will get are big. But they should do some self-reflection before betting on sports to see if they are making the profits they want. If not, they must stop immediately before it's too late because the gambling business is fast, so if you decide late, it will be difficult for you to make a profit.

[molsewid]

One of the easiest ways to lose money is obviously to bet on sports that you are not knowledgeable or experienced about because you can barely win with predictions that have no basis at all, sports betting requires one to have enough knowledge and experience to be able to master the art of winning in it, otherwise, it will take away all the money one has if they bet like an expert on games that they know nothing at all about, that's definitely a disaster.

If someone wants to pass their time or have some action, they should simply play on some slots machine where they might also hit some big multiplier while playing and it's both fun and thrilling while I don't see much thrill in betting on a game that you don't know at all only to see yourself lose, or maybe win if you are too lucky.

I agree, that is the fastest way to lose money. But people, do some research at least some sports team just creating hype in the market but actually they are not improving they just want to hype the game to earn more attractions and bets . They need to come up with the idea that a certain team cannot dominate for long time, teams will continue to practice harder and come up with new strategies.

[ShowOff]

One of the easiest ways to lose money is obviously to bet on sports that you are not knowledgeable or experienced about because you can barely win with predictions that have no basis at all, sports betting requires one to have enough knowledge and experience to be able to master the art of winning in it, otherwise, it will take away all the money one has if they bet like an expert on games that they know nothing at all about, that's definitely a disaster.

If someone wants to pass their time or have some action, they should simply play on some slots machine where they might also hit some big multiplier while playing and it's both fun and thrilling while I don't see much thrill in betting on a game that you don't know at all only to see yourself lose, or maybe win if you are too lucky.

Betting on an unknown team from an unknown league is the easiest way to lose money. I agree with your opinion because I think betting money on such a team is nothing more than guesswork in the dark. They wished for luck without having a database to analyze, so in the end their victory was purely down to luck.

I tend to recommend them play the slots instead of spending money without having fun on unknown teams and leagues. They couldn't win many bets that way, but if they had a database and did some analysis then of course the winning percentage would increase.

[piebeyb]

I think the main thing is that most people whom bet sports aren’t really as knowledgeable about the sports they are betting on as much as they think they are. A lot of people will also just make bets on sports games just to have some “action” on something that day. Those are both two recipes for disaster but people tend to not be able to control themselves.

One of the easiest ways to lose money is obviously to bet on sports that you are not knowledgeable or experienced about because you can barely win with predictions that have no basis at all, sports betting requires one to have enough knowledge and experience to be able to master the art of winning in it, otherwise, it will take away all the money one has if they bet like an expert on games that they know nothing at all about, that's definitely a disaster.

Yes, it's true that all sports betting without experience will be difficult to win and your money will easily be drained, maybe most of them are beginners who often make that mistake without having to know the sport they want to bet on, most of them see the tempting number of Odds so they bet on it although not much experience in a particular sport.

We recommend that beginners are also advised not to bet on sports that they don't master and don't understand their knowledge of, because if you just rely on luck it will make us spend money quickly drained, so it's also important to read the gambling board on this forum so that it can help beginners to analyze and predict their sports bets.

[Vaculin]

I think the main thing is that most people whom bet sports aren’t really as knowledgeable about the sports they are betting on as much as they think they are. A lot of people will also just make bets on sports games just to have some “action” on something that day. Those are both two recipes for disaster but people tend to not be able to control themselves.

One of the easiest ways to lose money is obviously to bet on sports that you are not knowledgeable or experienced about because you can barely win with predictions that have no basis at all, sports betting requires one to have enough knowledge and experience to be able to master the art of winning in it, otherwise, it will take away all the money one has if they bet like an expert on games that they know nothing at all about, that's definitely a disaster.

If someone wants to pass their time or have some action, they should simply play on some slots machine where they might also hit some big multiplier while playing and it's both fun and thrilling while I don't see much thrill in betting on a game that you don't know at all only to see yourself lose, or maybe win if you are too lucky.

That is the difference between pure luck based games and sports betting where not just luck is the factor that you will need, a proper assessment will also do the trick especially if you're good in reading the datum that allows you to predict with a much higher percentage. So in sports betting, you need both factors to have a higher chance of winning because you cannot just rely on pure luck alone just like slot machines and other games in the casino that doesn't require you to assess anything.

[pawel7777]

If someone is able to successfully use arbitrage continuously, he can win. The person can get caught if having multiple accounts in the same betting site, but you can do the arbitrage betting using different sites and do not violate rules at all.

By definition, you do arbitrage on different sites, you don't need multiple accounts on the same site as it won't make any difference. The only time you could arb on the same site is when they made an error in setting up odds.
Now, betting sites will not know whether or not you have registered with other platforms, but apparently they have algorithms to detect "unusual" betting patterns, which occur when you do arbitrage betting. So in theory all looks great, but in practice pretty much everyone reports getting banned eventually. And the risk of getting banned increases when you're betting high stakes, which is something you'd have to do if you wanted to get decent money out of it.

[rendravolt]

Betting on an unknown team from an unknown league is the easiest way to lose money. I agree with your opinion because I think betting money on such a team is nothing more than guesswork in the dark. They wished for luck without having a database to analyze, so in the end their victory was purely down to luck.

~snip~

Indeed, this is quite reasonable to be one of the causes of losing in betting on sports and it is important that general knowledge for the team or league that we know will make it easier for us to make money. Maybe the origin of this guess is not fully justified but instead the failure rate is far greater than the level of luck and because of this things should be avoided. Apart from that, betting on a big team that we believe can win easily will be far more able to make money with certainty, of course in this case it is a bet for an official match, not a friendly match.

[slapper]

One of the easiest ways to lose money is obviously to bet on sports that you are not knowledgeable or experienced about because you can barely win with predictions that have no basis at all, sports betting requires one to have enough knowledge and experience to be able to master the art of winning in it, otherwise, it will take away all the money one has if they bet like an expert on games that they know nothing at all about, that's definitely a disaster.

If someone wants to pass their time or have some action, they should simply play on some slots machine where they might also hit some big multiplier while playing and it's both fun and thrilling while I don't see much thrill in betting on a game that you don't know at all only to see yourself lose, or maybe win if you are too lucky.

Betting on an unknown team from an unknown league is the easiest way to lose money. I agree with your opinion because I think betting money on such a team is nothing more than guesswork in the dark. They wished for luck without having a database to analyze, so in the end their victory was purely down to luck.

I tend to recommend them play the slots instead of spending money without having fun on unknown teams and leagues. They couldn't win many bets that way, but if they had a database and did some analysis then of course the winning percentage would increase.

Risking money on something you don't know much about is like attempting to prepare a gourmet cuisine without a recipe. Though you could possibly create a tasty dish, the more likely outcome is that you'll completely destroy the kitchen in the process. It baffles me why somebody would wager on a subject they are completely unfamiliar with.

Slot machine gambling could possibly be more exciting. If nothing else, celebrating your victory comes with all the trappings. However, if you must gamble, at least arm yourself with knowledge. Examine the teams' records and stats, as well as their relative strengths and shortcomings. It's not about carelessly spending money, but rather about making smart investments

[Fredomago]

~snip~

Nothing to say about that' as there are many people who mistakenly think that they can continue the wins and they are already have the winning patterns, and instead of quitting for good, they will continue and try playing more. We really can't tell what's the reason behind they just wanted t make more money and greed already conquer their mindsets.

You said it right. They think that by continuing to play, they still have a chance to win, especially if they can use more capital because the wins they will get are big. But they should do some self-reflection before betting on sports to see if they are making the profits they want. If not, they must stop immediately before it's too late because the gambling business is fast, so if you decide late, it will be difficult for you to make a profit.

It would be difficult for you to make a profit if you can't control yourself, being tempted in every look inside sports house will push you to keep on betting, some may win and some may lost but the catch and the very difficult side of it is when you can't resist the lust and desire that you've got. Your appetite to please the needs of betting will always whisper in your ears.

Most of the time, sports bettors lost as they keep on betting instead of finding value bets they will just bet to please what inside them to the point that they already losing a decent amount of money.

[LUCKMCFLY]

That seems to suggest that a lay bet of the same bets would make people alot of money.  Do both and just place the larger amount of value with what has tended to work in the past, lay or bet.   Then you can have fun betting and also make money at the same time.   Im usually betting on a team or sport I would watch anyway, its for fun not the idea Im somehow on my path to riches because I like to bet on a match every now and again; people are kidding themselves too much.

Winning has a cost, and one of them is consistency and familiarity with the gaming system. For me, I am familiar with the challenging teams that surround the league on which I wager, which is the English Premier League. Although it's a tough league, certain things can guarantee to happen. Manchester City cannot lose ten games in a season, and their chances of winning every game are likely to be 80%. As you can see, the majority of my gambling targets are aimed directly at the cityzens, and I'm confident that each game wager in favor of Manchester City has an 80% success rate, higher than any other club in the league, with these simple strategy, making money from gambling quite easy.

I believe that here Things can be taken from various perspectives , we as human beings are people of many customs, if we do something as one is used to Doing it, if it is not done that way I think that we ourselves sometimes cause Problems to achieve a specific objective, then we can also consider something like a Decision and take our Statistics to see if there is some kind of improvement , if it is said that a person will lose in the long term, it means that they will always play, 10, 20 years the person will not stop betting on Sports , that is something that can already change, consequently I believe that there are cases in which things are not going to be fulfilled, because not everyone has the same time to bet or something similar, so everything can change.

I am one of those who Believe that sports can be won, the more you know about a sport you can win, there is no way to Avoid that Fans of a Sport handle data that is sometimes very Specific , because there are many who are Dedicated to following their favorite Athletes , they know every case, now there is a great advantage and it is the Social Networks, the Athletes' Instagram, they always report their state of health, how they feel , the things they do, that is partly a Plus and serves a lot to the time to do a good individual Analysis.

At the team level, sports reports and notarons are Excellent , When there are even friendly Matches , it can be seen that Players are Going to Participate and which are not, this can give us an indication of why a player does not go, and why other if he goes, why a Coach Prevents an x player than the other, or if a player Was Given Permission to play or not for his Country , Those are very significant Details but very Significant Details very Important.

[Saint-loup]

Understanding the concept of fair odds is a pivotal step towards grasping why the vast majority of bettors continually face losses in the realm of sports betting.

Let’s start with a simple coin toss, where each side holds a 50% chance (or 0.5) of landing face-up. The fair odds here would be 1/0.5 = 2.

Now, consider a six-sided dice roll. Each face possesses a 16.67% chance (or 0.1667) of landing face-up. The fair odds, in this case, would amount to 1/0.1667 = 6. If you bet on five out of the six faces, you secure an impressive 83.33% chance (or 0.8333) of winning. The fair odds for this scenario equate to 1/0.8333 = 1.2. In other words, if you place a $1 bet on five out of the six faces and win, you’ll receive $1.2.

At this point, you might be tempted to think that betting on favorites with low odds would ensure long-term success. However, that’s not the case.

Let’s delve into some calculations:

Expected Value (EV) in statistics is a predicted value of a variable. It is calculated as the sum of all possible values, each multiplied by the probability of its occurrence. In the context of sports betting, EV represents the long-term average payoff from an event. If the EV is positive (+EV), the bet holds the potential for profitability in the long run. Conversely, if the EV is negative (-EV), the bet is likely to result in losses over time.

EV = (Fair Win Probability) x (Profit) - (Fair Loss Probability) x (Loss)

Consider an operator that charges a commission for the dice roll game, causing the favorite to have odds of 1.17 and the underdog odds of 5.85.

What would happen if you bet on the favorite in the long run?

You’d end up facing losses. Let’s calculate:

EV = 0.8333 x ($0.17) – 0.1667 x ($1) = -$0.025

In this case, for every $1 bet, you’d lose $0.025.

The result would be the same if you bet on the underdog with odds 5.85:

EV = 0.1667 x ($4.85) – 0.8333 x ($1) = -$0.025

It doesn’t matter whether you bet on low odds or high odds; in the long run, you’ll lose money.

Now, imagine a tennis match where two players are evenly matched, each holding a 50% chance of winning. The fair odds for both players would be 2.0. However, bookmakers offer lower odds, such as 1.9 for each player. This discrepancy represents the bookmakers’ commission.

Let’s calculate the EV with odds of 1.9:

EV = 0.5 x ($0.9) - 0,5 x ($1) = -$0.05

If you use decimal(aka european) odds like in your example, a simpler way to get compute the Expected Value is to just take the decimal odds by their own and not to just take the winnings and then to subtract 1 or 1 x $1 if you prefer. Because you can consider that you lose all your stake for every bet (1 x $1) and you win it back if you win your bet($1.9 instead of $0.9)
So here you will get with the figures of your example :
EV = 0.5 x $1.9 - $1 = -$0.05  

[DoublerHunter]

Betting on an unknown team from an unknown league is the easiest way to lose money. I agree with your opinion because I think betting money on such a team is nothing more than guesswork in the dark. They wished for luck without having a database to analyze, so in the end their victory was purely down to luck.

~snip~

Indeed, this is quite reasonable to be one of the causes of losing in betting on sports and it is important that general knowledge for the team or league that we know will make it easier for us to make money. Maybe the origin of this guess is not fully justified but instead the failure rate is far greater than the level of luck and because of this things should be avoided. Apart from that, betting on a big team that we believe can win easily will be far more able to make money with certainty, of course in this case it is a bet for an official match, not a friendly match.

^This was also in my mind which I think was right.
Having a solid understanding of the teams or leagues we bet on significantly reduces the chances of losing money. The fact is while luck plays a role, it should not be the sole basis for our bets. Avoiding hasty guesses and relying on substantial knowledge is crucial. Betting on strong teams with a high likelihood of winning in official matches provides a more certain path to potential earnings compared to betting on friendly matches. Being a knowledgable decision based on sound analysis can lead to better outcomes in sports betting.

[freedomgo]

Betting on an unknown team from an unknown league is the easiest way to lose money. I agree with your opinion because I think betting money on such a team is nothing more than guesswork in the dark. They wished for luck without having a database to analyze, so in the end their victory was purely down to luck.

~snip~

Indeed, this is quite reasonable to be one of the causes of losing in betting on sports and it is important that general knowledge for the team or league that we know will make it easier for us to make money. Maybe the origin of this guess is not fully justified but instead the failure rate is far greater than the level of luck and because of this things should be avoided. Apart from that, betting on a big team that we believe can win easily will be far more able to make money with certainty, of course in this case it is a bet for an official match, not a friendly match.

^This was also in my mind which I think was right.
Having a solid understanding of the teams or leagues we bet on significantly reduces the chances of losing money. The fact is while luck plays a role, it should not be the sole basis for our bets. Avoiding hasty guesses and relying on substantial knowledge is crucial. Betting on strong teams with a high likelihood of winning in official matches provides a more certain path to potential earnings compared to betting on friendly matches. Being a knowledgable decision based on sound analysis can lead to better outcomes in sports betting.

Yes, that is why it is called sports betting for a reason and in this type of gambling, you will not be basing all of your bets on your luck in that given day because it's not the only factor that will increase your chances of winning as analyzation and reading some recent datums are also required in this area. Betting without a single knowledge of how the game is played will just give you a negative outcome. Also, there is no need to be hasty in this field just because you want to gamble, schedules are posted for a reason as well and in this instance, it will give you more space not to get addicted in the industry.

[pawel7777]

In relation to the topic, has anyone actually seen any sources for that 90% figure (of bettors losing long-term)?
I tried to find it but hit a wall. There are few articles claiming that only 3%-5% of sports bettors are successful, which sounds about right, but they're not citing any specific sources but are only referring to "different studies".

If anyone has seen any actual study and could provide a link, that would be great.

[Altryist]

In relation to the topic, has anyone actually seen any sources for that 90% figure (of bettors losing long-term)?
I tried to find it but hit a wall. There are few articles claiming that only 3%-5% of sports bettors are successful, which sounds about right, but they're not citing any specific sources but are only referring to "different studies".

If anyone has seen any actual study and could provide a link, that would be great.

You can try to conduct a survey, but will you be sure that you are being answered honestly? I can say that I am a player with many years of experience and I agree that it is very difficult to make money in betting. I'm not one to win big money, but I've also lost a lot, I've tried many different strategies, but I've often had to break even, so I tend to think it's really hard to win at gambling. And it doesn't really matter to me how accurate this statistic is.

[molsewid]

In relation to the topic, has anyone actually seen any sources for that 90% figure (of bettors losing long-term)?
I tried to find it but hit a wall. There are few articles claiming that only 3%-5% of sports bettors are successful, which sounds about right, but they're not citing any specific sources but are only referring to "different studies".

If anyone has seen any actual study and could provide a link, that would be great.

Maybe because they are just going with they hype but not really into sports betting , they just want to get more money sometimes because betting in sports is kinda easy and fast , you just need to bet in your favorite team and wait for the game to end but that was the most commonly thing that a person can lead to losses because sometimes they didn't even into sports or they don't really want sports.

[klidex]

Betting on an unknown team from an unknown league is the easiest way to lose money. I agree with your opinion because I think betting money on such a team is nothing more than guesswork in the dark. They wished for luck without having a database to analyze, so in the end their victory was purely down to luck.

~snip~

Indeed, this is quite reasonable to be one of the causes of losing in betting on sports and it is important that general knowledge for the team or league that we know will make it easier for us to make money. Maybe the origin of this guess is not fully justified but instead the failure rate is far greater than the level of luck and because of this things should be avoided. Apart from that, betting on a big team that we believe can win easily will be far more able to make money with certainty, of course in this case it is a bet for an official match, not a friendly match.

^This was also in my mind which I think was right.
Having a solid understanding of the teams or leagues we bet on significantly reduces the chances of losing money. The fact is while luck plays a role, it should not be the sole basis for our bets. Avoiding hasty guesses and relying on substantial knowledge is crucial. Betting on strong teams with a high likelihood of winning in official matches provides a more certain path to potential earnings compared to betting on friendly matches. Being a knowledgable decision based on sound analysis can lead to better outcomes in sports betting.

Yes, that is why it is called sports betting for a reason and in this type of gambling, you will not be basing all of your bets on your luck in that given day because it's not the only factor that will increase your chances of winning as analyzation and reading some recent datums are also required in this area. Betting without a single knowledge of how the game is played will just give you a negative outcome. Also, there is no need to be hasty in this field just because you want to gamble, schedules are posted for a reason as well and in this instance, it will give you more space not to get addicted in the industry.

Even though you have knowledge or always do analysis every time you want to bet on sports betting, in the end it all still depends on each other luck.
I have experienced this problem many time when I did an analysis a few days before placing my bet but everything was still in vain and I lost again but when I only bet on the favorite team without doing the analysis I actually got consecutive win.
So having knowledge or doing careful analysis of these does not guarantee victory on sportsbetting or all types of betting

[Huppercase]

I think the main thing is that most people whom bet sports aren’t really as knowledgeable about the sports they are betting on as much as they think they are. A lot of people will also just make bets on sports games just to have some “action” on something that day. Those are both two recipes for disaster but people tend to not be able to control themselves.

Even though many people that bet on sportbet are not that knowledgeable, there are people that are still making huge profits from betting. There are people that had gain the knowledge and pattern of betting and having a consistent winning and they don't waste time making money from sport bet. Sport bet is very easy to make profits but some persons had used greed to scatter there possibility of making winnings which is one of the problems of gamblers.

 If we know that winning is not something that we need to force or fight at all means for us to make money from gambling, we all going to start making winnings gradually without pressure.

You are making poor assumptions of winnings, you can't play sportbet and think you will win without proper knowledge, you need good orientation to even begin selection of games and the option that comes with, the only way I think you can play sportbet without putting good use of knowledge is copying code of an already staked game or match then any other gamblers can use that code to bet similar games but it has disadvantage because if the original source lost a match, the rest of open ticket will be lost.

You don't force gambling, when you do that you will realize that you have lost more than what you are profiting from the casino and sport bookies. Don't get addicted addicted because you are trying to make back what you have lost else that emotions will make you do decisions you will forever regret and that's after your mind has settled down, you are right on your second point and like how you justify it.

[seleme]

Thanks for the detailed explanation!
The main reason is the house edge factor as you explained, the more we bet on sports bookies the higher commission they get from overall turnover. Let's don't forget bookies have the ability to hedge all bets on various platforms to make it risk-free bets. Just my 2 cents.

[AmoreJaz]

In relation to the topic, has anyone actually seen any sources for that 90% figure (of bettors losing long-term)?
I tried to find it but hit a wall. There are few articles claiming that only 3%-5% of sports bettors are successful, which sounds about right, but they're not citing any specific sources but are only referring to "different studies".

If anyone has seen any actual study and could provide a link, that would be great.

this topic is quite subjective, so you can just approximate the numbers here. hard to make a general statement on this as the stats is hard to collate, in my opinion. so like for example, the 3-5% of sports bettors that are successful may not be the right percentage but it tells us that the number is really small. in the long run, gamblers will indeed lose if they won't stop as house edge is always in play. this is why casinos and bookies want you to play as long as you want, because later on, you will only stop once your bankroll is empty.

[Fredomago]

In relation to the topic, has anyone actually seen any sources for that 90% figure (of bettors losing long-term)?
I tried to find it but hit a wall. There are few articles claiming that only 3%-5% of sports bettors are successful, which sounds about right, but they're not citing any specific sources but are only referring to "different studies".

If anyone has seen any actual study and could provide a link, that would be great.

this topic is quite subjective, so you can just approximate the numbers here. hard to make a general statement on this as the stats is hard to collate, in my opinion. so like for example, the 3-5% of sports bettors that are successful may not be the right percentage but it tells us that the number is really small. in the long run, gamblers will indeed lose if they won't stop as house edge is always in play. this is why casinos and bookies want you to play as long as you want, because later on, you will only stop once your bankroll is empty.

You have a good point here mate, as there's relevance with the percentage that you provide in relation to how OP state the topic, and with that explanation on why it's valid as well since if you will keep playing and keep pushing for more the outcome may turned against you, maybe you'll find some luck from some of those bets/picks that you made, but along the way there's a big chance that you will lose and luck will not be backing you up anymore.

And with the intention of recovering, you'll find yourself trying hard and leaving you with an empty bankroll.

[Josefjix]

It would be difficult for you to make a profit if you can't control yourself, being tempted in every look inside sports house will push you to keep on betting, some may win and some may lost but the catch and the very difficult side of it is when you can't resist the lust and desire that you've got. Your appetite to please the needs of betting will always whisper in your ears.

Most of the time, sports bettors lost as they keep on betting instead of finding value bets they will just bet to please what inside them to the point that they already losing a decent amount of money.

More scenarios observed where alot of gamblers tends to lose in the long-term race, its very important we keep to our lay down disciplinary measures. Implementing principles will serve more important prospects, allowing one to become a successful gambler. Self-control and discipline continued to be the most significant characteristics that would prevent a gambler from losing money in sports betting. Long-term bets are obviously more dangerous as they require more time; therefore, most gamblers choose to keep this revenue low and focus on live games, where earning money becomes easier.

[pawel7777]

this topic is quite subjective, so you can just approximate the numbers here. hard to make a general statement on this as the stats is hard to collate, in my opinion. so like for example, the 3-5% of sports bettors that are successful may not be the right percentage but it tells us that the number is really small. in the long run, gamblers will indeed lose if they won't stop as house edge is always in play. this is why casinos and bookies want you to play as long as you want, because later on, you will only stop once your bankroll is empty.

I'm interested in sports betting in particular because the house doesn't have a strictly defined mathematical edge, so it's possible for players to actually have an advantage if the odds are misplaced.
I agree, it would be a hard task to collate reliable data. I would definitely not rely on players' self-reported profitability, as they're often deluded about it, with most being at loss but thinking they're in a "break-even" position.

We could get 100% reliable data from the betting platforms themselves, but obviously they won't share it unless forced by the governments, i.e. in a similar fashion to CFD trading platforms in Europe having to clearly display the percentage of retail investors losing money.

[Gyfts]

...

I'd argue the law of averages is irrelevant to sports betting entirely. Sportsbooks create odds to balance the amount of bets on either side of a possible outcome and obviously they use a range of analytics to help form the odds. But, you can't actually calculated the expected probability of a sports match, and for the law of averages to apply, you would need a reasonable expected frequency. The odds for sports matches aren't mathematical, so the EV's guesswork.

[Cryptmuster]

Yes, that is why it is called sports betting for a reason and in this type of gambling, you will not be basing all of your bets on your luck in that given day because it's not the only factor that will increase your chances of winning as analyzation and reading some recent datums are also required in this area. Betting without a single knowledge of how the game is played will just give you a negative outcome. Also, there is no need to be hasty in this field just because you want to gamble, schedules are posted for a reason as well and in this instance, it will give you more space not to get addicted in the industry.

Although the ability to analyze a certain event plays a big role in betting, but at the expense of luck, this is a very interesting question, to what extent luck can still influence our results in betting.

You can try to take into account all the factors before the event, read all the news, know about all the players who will miss the match, study the motivation of the teams for this match, but in the end the bet may be losing. There is no guarantee in betting that you will definitely win that bet if you take certain actions, but it can certainly increase your chances of success.

[maydna]

~snip~

It would be difficult for you to make a profit if you can't control yourself, being tempted in every look inside sports house will push you to keep on betting, some may win and some may lost but the catch and the very difficult side of it is when you can't resist the lust and desire that you've got. Your appetite to please the needs of betting will always whisper in your ears.

Most of the time, sports bettors lost as they keep on betting instead of finding value bets they will just bet to please what inside them to the point that they already losing a decent amount of money.

We have to avoid that so we don't lose more money. Even though it's still difficult for us to control ourselves, we must keep trying because we will only lose more money without trying continuously. There are winners and losers, which is normal in gambling, so we must realize that we shouldn't expect too much when playing gambling. And if they can't control their money to gamble, they will continue to lose money in the long run, and instead of getting wins, they will miss the chance to take those wins because they can't accept the small wins they already have. There must be time to rest after gambling to relieve emotions for some time so that we can also manage the remaining money still in our gambling account.

[Viscore]

Yes, that is why it is called sports betting for a reason and in this type of gambling, you will not be basing all of your bets on your luck in that given day because it's not the only factor that will increase your chances of winning as analyzation and reading some recent datums are also required in this area. Betting without a single knowledge of how the game is played will just give you a negative outcome. Also, there is no need to be hasty in this field just because you want to gamble, schedules are posted for a reason as well and in this instance, it will give you more space not to get addicted in the industry.

Although the ability to analyze a certain event plays a big role in betting, but at the expense of luck, this is a very interesting question, to what extent luck can still influence our results in betting.

You can try to take into account all the factors before the event, read all the news, know about all the players who will miss the match, study the motivation of the teams for this match, but in the end the bet may be losing. There is no guarantee in betting that you will definitely win that bet if you take certain actions, but it can certainly increase your chances of success.

If you are serious about sports betting, you analyze based on data, and luck is not included in that equation. Let's not even mention luck, as what we need to win in the long run is consistency—that's the main factor. However, we also need to make sure we are disciplined enough in managing our bankroll, as sometimes as gamblers, we get too emotional and break the maximum percentage based on our bankroll that we should only stake and that will result to losing what we build.

[darewaller]

I'm interested in sports betting in particular because the house doesn't have a strictly defined mathematical edge, so it's possible for players to actually have an advantage if the odds are misplaced.
I agree, it would be a hard task to collate reliable data. I would definitely not rely on players' self-reported profitability, as they're often deluded about it, with most being at loss but thinking they're in a "break-even" position.

We could get 100% reliable data from the betting platforms themselves, but obviously they won't share it unless forced by the governments, i.e. in a similar fashion to CFD trading platforms in Europe having to clearly display the percentage of retail investors losing money.

I would guess that there are still enough to make it so like they have enough from both sides, that's the difference. Because while you play for the X team, some people bet on the Y team and you get the return of that, so you are not taking money from the book, you are taking money from the people who bet on the other side of your bet, or at least as much as the house can make it, sometimes they win money and sometimes they lose it.

This means on every bet, they are not just purely losing, they lose "some" but not all, and this is why they are so profitable. While you may end up losing all the time (or not) they are never losing all the time, they have a guarantee that people will bet on both sides which would make it better for them.

[Weawant]

Betting on an unknown team from an unknown league is the easiest way to lose money. I agree with your opinion because I think betting money on such a team is nothing more than guesswork in the dark. They wished for luck without having a database to analyze, so in the end their victory was purely down to luck.

Sport betting is not all luck so we have to do our homework if we want to win our bets, going to bet on unknown leagues that you have no knowledge on how the teams in the league play is very wrong. Just because betting has a lot to do with luck doesn't mean you shouldn't research.

Bet only on league that you can predict the games because you're always watching the teams play and you know the strength of most of the teams playing and knowif the teams are in form or not because when you don't have this information, you'll be in the dark.

Gamblers lose when they bet on things they don't have any knowledge about. Betting on unknown league in sport betting is similar to a non poker player going to play poker. He's going to lose because his counterparts has more knowledge than him and will use that to win.

[bittraffic]

Betting on an unknown team from an unknown league is the easiest way to lose money. I agree with your opinion because I think betting money on such a team is nothing more than guesswork in the dark. They wished for luck without having a database to analyze, so in the end their victory was purely down to luck.

Sport betting is not all luck so we have to do our homework if we want to win our bets, going to bet on unknown leagues that you have no knowledge on how the teams in the league play is very wrong. Just because betting has a lot to do with luck doesn't mean you shouldn't research.

Bet only on league that you can predict the games because you're always watching the teams play and you know the strength of most of the teams playing and knowif the teams are in form or not because when you don't have this information, you'll be in the dark.

Gamblers lose when they bet on things they don't have any knowledge about. Betting on unknown league in sport betting is similar to a non poker player going to play poker. He's going to lose because his counterparts has more knowledge than him and will use that to win.

Not entirely true. There are sports bettors who are just making money betting on sports based on the odds, they do know not the sport in its entirety but yep it's a gamble but betting on favorites somehow always works. It confuses the decision of the gambler when they know how the athletes are and they get to doubt when there is a possibility of an upset but if he just looks at the money line and bet whichever has the (-) symbol he is already up for good.

[mindrust]

It is because the games are designed that way. The casinos exist only for a reason: To make money. If you were making money in the long run, the casinos wouldn't exist because your loss is their gain. If you don't lose money, who is going to feed the casino business? That's right, it is nobody but you, the player. Btw that applies to luck based games too. Dice, rocket or whatever luck-based game you are playing today, they all have an house edge. The house edge ensures that the player will be the loser in the long run. If you don't like these conditions, then don't play.

[jostorres]

In relation to the topic, has anyone actually seen any sources for that 90% figure (of bettors losing long-term)?
I tried to find it but hit a wall. There are few articles claiming that only 3%-5% of sports bettors are successful, which sounds about right, but they're not citing any specific sources but are only referring to "different studies".

If anyone has seen any actual study and could provide a link, that would be great.

There is actually no resource available for that, as you said, it's all about studies and speculations that people do based on their experience and the people they've inquired from most probably, and these studies aren't always supposed to be right as the sources might not be that much trusted, so the numbers can be different than what a person might say based on just studies and no facts and figures for the public to read and check before believing in it.

One thing we know for certain is that gambling isn't a way to earn money on a constant basis and someone eventually loses whatever they've earned from gambling back to it, but that shouldn't be the case with sports bettors who do it with experience and knowledge because they know what they are doing.

[STT]

I dont believe people actually lose 90% of the bets they place, that wouldn't add up.  That'd make a person less capable then a blindfolded monkey throwing darts at a board of sports bets to place, even randomly choosing would yield somewhere closer to 50%   If this is what people mean when they ask is AI a threat to gambling then maybe, because even basic reasoning allows better returns then only 10% wins

[GigaBit]

Sports bettors must possess adequate knowledge. Bettors should have analytical skills. A bettor also needs to spend a lot of time on research but most of the times many bettors make quick bets without doing deep research, which results in short-term gains, but in the long run, their losses get high. There are a large number of bettors who cannot control their emotions. When favorite team play in the field most of the bettors also put too much faith in their favorite team but bettors should not have strong support towards a favorite team. Other tendencies among some of the gamblers such as many who bet over-confidently and some who bet addictive. Gamblers who engage in this type of behavior are more likely to lose in the long run.

[n0ne]

With casino this happens. Sports betting is much on the information available and how we predict the outcome of the match. Here also luck is necessary, but it is a factor in very few matches. With casino games it is all about choice and luck is much needed to be successful. Sports betting loses happen out of over confidence, which means they choose the odds without much analysis as well as go for big money spending.

[dunfida]

In relation to the topic, has anyone actually seen any sources for that 90% figure (of bettors losing long-term)?
I tried to find it but hit a wall. There are few articles claiming that only 3%-5% of sports bettors are successful, which sounds about right, but they're not citing any specific sources but are only referring to "different studies".

If anyone has seen any actual study and could provide a link, that would be great.

There is actually no resource available for that, as you said, it's all about studies and speculations that people do based on their experience and the people they've inquired from most probably, and these studies aren't always supposed to be right as the sources might not be that much trusted, so the numbers can be different than what a person might say based on just studies and no facts and figures for the public to read and check before believing in it.

One thing we know for certain is that gambling isn't a way to earn money on a constant basis and someone eventually loses whatever they've earned from gambling back to it, but that shouldn't be the case with sports bettors who do it with experience and knowledge because they know what they are doing.

Totally depends on the mindset for a certain individual, if they would really be treating out gambling on sports betting is something that they could rely on and making a living with it, then let it be.

Sooner or later they would really be able to realize on what are the real things that they would be able to experience along the way specially on gambling even if we do speak on something like sports betting
which you could really be able to apply strategic approach unlike on casino games which it would be understandable about being that totally random and not something you could rely.
Play according into your interest and for fun of course but people do really take into other heights or extent on which it isnt really that ideal anymore.

Why do bettors lose in sports betting in long term? There's no exact numbers on this on which there are still whose really that profitable.

[LUCKMCFLY]

With casino this happens. Sports betting is much on the information available and how we predict the outcome of the match. Here also luck is necessary, but it is a factor in very few matches. With casino games it is all about choice and luck is much needed to be successful. Sports betting loses happen out of over confidence, which means they choose the odds without much analysis as well as go for big money spending.

Yes, you are right about that, sometimes I have started to think, both the people who make and are dedicated to sports betting and trading, have many similarities and in fact both those who make sports bets and live from them, as well as There are people who live from trading, I think that at some point this will be a profession, because when it comes to money, many things apply, theories and people become Researchers, they learn to have control and apart from everything, Money takes risks and it can go well or badly , and for the people who are doing it well , it is something sustainable , because some make a living from it , so why not consider it a profession ? Such a race would be interesting.

Well, when we work with money, money calls money, if we do things well it is possible that things will go well for us, but of course with great moderation, in part when things are done with all the theory we can realize that things can go wrong, that is why some of the studies that give trgin have also been done is that 90% or more than 90% lose in trading, in games, in casinos in sports betting we also do many things and I think 90% is a little more than that, as far as I'm concerned I don't know how big this probability is or how they did the sampling to reach that conclusion, but I think the losing player stuff is more than 90%.

Of course, to talk about such a high conglomerate, we can affirm that the statistical study must be carried out by companies that are quite well-known, such as those that carry out the polls for presidential candidates or something like that, with that magnitude of seriousness, which is why I am inclined to To say that the losing number of players exceeds 90%, also if they obtained more outstanding casino data, that is fine, but you have to consider the small casinos, the most local ones, money is also handled there, also the countries where gambling is prohibited There are also clandestine casinos there, that casino volume is what should be considered.

[rahmad2nd]

Placing bets based on guesswork simply doesn’t work!

So, how can you break free from this cycle of losses?

Interesting. to be honest, it never crossed my mind to think like you said in this post. but if you want to calculate profits and losses, the simplest theory is, don't gamble. thus, you don't have to bother thinking in detail about cause and effect in long-term sports betting. conversely, how about gambling betting which is purely luck-based. isn't it the same, that in the end we will lose to the long term concept. even so, I really appreciate what you have to say in this thread for us to discuss.

For me, the theory you convey is too complicated for these calculations. ideally, in gambling we have many methods of betting. the odds don't just stick to 1×2, there are even many other choices and so on, for example. can bet on the asian handicap option, both teams to score and many more options. although in theory, basically everything has the same risk.
well, for me, betting on football is the betting that I like the most. plus, I really like football. what we do, not place a bet on guesswork. everything has rules, and we have to work around them with the knowledge and insight we have. betting is not only on the superior team, or choosing the Underdog team. everything is always through research, analysis. and for sure, we know very well, what we are doing. I mean, get to know more about the sport itself. thus, you will know what you are doing. the most important point for me football or sports betting is part of the hobby, that's why I enjoy every moment of it, it's that simple.

[Josefjix]

I dont believe people actually lose 90% of the bets they place, that wouldn't add up.  That'd make a person less capable then a blindfolded monkey throwing darts at a board of sports bets to place, even randomly choosing would yield somewhere closer to 50%   If this is what people mean when they ask is AI a threat to gambling then maybe, because even basic reasoning allows better returns then only 10% wins

We face challenges, it's left for us to either resolved this issue on time or keep repeating them. You believed what you thought had been right, and even though I may have had significant losses in the system, some bettors had their accounts disintegrated. A staggering 90% of gamblers lose in the long run, caught off guard. Bettors are aware of the problems they have in the space; some have addressed them, while others have continued to make the same mistakes over time. It's understandable since losing is part of the game; we lose and win on different days of the week.

[Awaklara]

With casino this happens. Sports betting is much on the information available and how we predict the outcome of the match. Here also luck is necessary, but it is a factor in very few matches. With casino games it is all about choice and luck is much needed to be successful. Sports betting loses happen out of over confidence, which means they choose the odds without much analysis as well as go for big money spending.

In sports betting what gamblers look for is strength as well as opportunity. and results in the field cannot continue as predicted. and most of the bets have a very big chance of winning. the bet given will not be the maximum. therefore gamblers speculate with their luck by betting on matches that do offer bigger returns. like a match between 2 teams that have the same strength.

[maydna]

I dont believe people actually lose 90% of the bets they place, that wouldn't add up.  That'd make a person less capable then a blindfolded monkey throwing darts at a board of sports bets to place, even randomly choosing would yield somewhere closer to 50%   If this is what people mean when they ask is AI a threat to gambling then maybe, because even basic reasoning allows better returns then only 10% wins

We face challenges, it's left for us to either resolved this issue on time or keep repeating them. You believed what you thought had been right, and even though I may have had significant losses in the system, some bettors had their accounts disintegrated. A staggering 90% of gamblers lose in the long run, caught off guard. Bettors are aware of the problems they have in the space; some have addressed them, while others have continued to make the same mistakes over time. It's understandable since losing is part of the game; we lose and win on different days of the week.

If it's the long term, anything can happen, and I suspect gamblers who gamble for a long time may have spent too much money already. That devastates them, especially if they can't stop or rest and use their time for a vacation. Maybe it will add to the big loss in gambling. We must realize that after gambling, we need to rest so that we don't lose too much and can forget about our previous defeats. But many gamblers still don't want to rest even for a few days. And if they had lost the previous time, they would want to make up for it another day. It can trigger another defeat even though we also have the opportunity to be able to recover from that defeat. But the percentage is also not too big, so we must be aware of it.

[piebeyb]

With casino this happens. Sports betting is much on the information available and how we predict the outcome of the match. Here also luck is necessary, but it is a factor in very few matches. With casino games it is all about choice and luck is much needed to be successful. Sports betting loses happen out of over confidence, which means they choose the odds without much analysis as well as go for big money spending.

Yes, sports betting requires a little bit of luck, actually it's more fun than playing in a casino because playing in a casino relies on luck, while sports betting relies more on analysis predictions as well as information, but to be honest, how can they get these statistics 90% lose, even though so far I often win in sports betting compared play casino. even for a year I only lost about 30% of my capital, the rest I lost playing casino.

As long as the analysis is correct and correct, everything will be fine, because sports betting actually relies less on luck than playing in a casino. In my personal view, sports betting is easier in my opinion than playing casino games such as slot machines. because slot machines and other casino machines in the long run may lose more than 90%.

[LUCKMCFLY]

With casino this happens. Sports betting is much on the information available and how we predict the outcome of the match. Here also luck is necessary, but it is a factor in very few matches. With casino games it is all about choice and luck is much needed to be successful. Sports betting loses happen out of over confidence, which means they choose the odds without much analysis as well as go for big money spending.

Yes, sports betting requires a little bit of luck, actually it's more fun than playing in a casino because playing in a casino relies on luck, while sports betting relies more on analysis predictions as well as information, but to be honest, how can they get these statistics 90% lose, even though so far I often win in sports betting compared play casino. even for a year I only lost about 30% of my capital, the rest I lost playing casino.

As long as the analysis is correct and correct, everything will be fine, because sports betting actually relies less on luck than playing in a casino. In my personal view, sports betting is easier in my opinion than playing casino games such as slot machines. because slot machines and other casino machines in the long run may lose more than 90%.

When we make a break between the casino and sports betting there is something clearer, in the casino when we play any game, be it slots or dice we are given only to luck, there is nothing else to do there, we have immediate results, If we lose or win at once, in the case of sports betting, things can change a bit, the responsibility is more given to the knowledge we have, a good analysis leads to a very good prediction, whatever the sport, we do We are well aware of it because it can make us earn money, and depending on the bet or the degree of money that we have bet, it can be quite a lot.

In bets like soccer or boxing, UFC fights are my strengths, it is where I have the greatest degree of knowledge, however, there are times when I can make a great analysis and the luck factor also has something present, because it can change, suddenly we can change things from one moment to another, having the best prediction of all and we can lose it without further ado.

This type of thing happens in sports, not so frequently but it does happen, sometimes in boxing the statistics are very precise, due to the history of the boxer, how many fights he has had, the degree of training, all of that influences, In fact, as I have said in various hills, a boxer wins his fight is in training, the harder the training, the easier g+ will win the fight, and well, an example of this was the fight between Crawford and Spence, which Crawfor He had been asking for the fight for a long time and Spence was cheating on him, since he asked him he was already training for that fight, and when the fight was finally given to him, Crawford shattered a Spence who thought he had everything won, So the lessons of life are sometimes hard, and it makes things change, in this case my logic, analysis and prediction were very correct and quite precise, almost hitting the prediction as I said, but it is thanks to the analysis that I took it out due to the details I saw of the training of both boxers, which means that yes, sports betting has a better chance of winning.

[pawel7777]

I'm interested in sports betting in particular because the house doesn't have a strictly defined mathematical edge, so it's possible for players to actually have an advantage if the odds are misplaced.
I agree, it would be a hard task to collate reliable data. I would definitely not rely on players' self-reported profitability, as they're often deluded about it, with most being at loss but thinking they're in a "break-even" position.

We could get 100% reliable data from the betting platforms themselves, but obviously they won't share it unless forced by the governments, i.e. in a similar fashion to CFD trading platforms in Europe having to clearly display the percentage of retail investors losing money.

I would guess that there are still enough to make it so like they have enough from both sides, that's the difference. Because while you play for the X team, some people bet on the Y team and you get the return of that, so you are not taking money from the book, you are taking money from the people who bet on the other side of your bet, or at least as much as the house can make it, sometimes they win money and sometimes they lose it.

This means on every bet, they are not just purely losing, they lose "some" but not all, and this is why they are so profitable. While you may end up losing all the time (or not) they are never losing all the time, they have a guarantee that people will bet on both sides which would make it better for them.

I'm not going to lie, I don't know how risk/operations management works "under the hood" of big betting sites, but I imagine it must be pretty complex.
The idea is simple for peer-to-peer betting sites, players bet against each other and the house gets its cut, so they don't care at all who wins or loses. But I don't think it's possible for P2P betting sites to offer fixed odds, I believe they have to be flexible as they don't know what the total pool will be when the bets are closed. That makes them less attractive to players.
In terms of non-P2P bookies, for them it's all about trying to figure out accurate odds and also to monitor their exposure to certain events. So when too much money is bet on one side of an event, they'd also be reducing the odds or, in some cases, they'd just lock such bet.

[slapper]

~snip~

When we make a break between the casino and sports betting there is something clearer, in the casino when we play any game, be it slots or dice we are given only to luck, there is nothing else to do there, we have immediate results, If we lose or win at once, in the case of sports betting, things can change a bit, the responsibility is more given to the knowledge we have, a good analysis leads to a very good prediction, whatever the sport, we do We are well aware of it because it can make us earn money, and depending on the bet or the degree of money that we have bet, it can be quite a lot.

In bets like soccer or boxing, UFC fights are my strengths, it is where I have the greatest degree of knowledge, however, there are times when I can make a great analysis and the luck factor also has something present, because it can change, suddenly we can change things from one moment to another, having the best prediction of all and we can lose it without further ado.

This type of thing happens in sports, not so frequently but it does happen, sometimes in boxing the statistics are very precise, due to the history of the boxer, how many fights he has had, the degree of training, all of that influences, In fact, as I have said in various hills, a boxer wins his fight is in training, the harder the training, the easier g+ will win the fight, and well, an example of this was the fight between Crawford and Spence, which Crawfor He had been asking for the fight for a long time and Spence was cheating on him, since he asked him he was already training for that fight, and when the fight was finally given to him, Crawford shattered a Spence who thought he had everything won, So the lessons of life are sometimes hard, and it makes things change, in this case my logic, analysis and prediction were very correct and quite precise, almost hitting the prediction as I said, but it is thanks to the analysis that I took it out due to the details I saw of the training of both boxers, which means that yes, sports betting has a better chance of winning.

Your claim that the knowledge element in sports betting results in higher odds is, in my opinion, a bit rosy. It's important to keep in mind that sports are inherently unpredictable, and that a single injury, bad day, or unexpected burst of energy from an underdog can render all prior knowledge useless

Even with expert knowledge, the unexpected can (and often does) occur, as demonstrated by your Crawford vs. Spence example. My opinion? No matter what you do, luck is always lurking around the corner. Let's not kid ourselves: there is still an element of chance in gambling, no matter how much we know

[Aanuoluwatofunmi]

Gamblers lose when they bet on things they don't have any knowledge about. Betting on unknown league in sport betting is similar to a non poker player going to play poker. He's going to lose because his counterparts has more knowledge than him and will use that to win.

Exactly, gamblers loose whenever they are gambling by not having experience with the bet or game they play, if we have less idea or information needed enough for them to be able to make use of the gambling opportunity to win, this could in other words mean that most of the results we get while gambling lies on our individual abilities towards what we do and how we bet while gambling, all gambling games have equal risks and same opportunities to either win or loose but it's our own choice to choose either ways to bet.

[Slow death]

Gamblers lose when they bet on things they don't have any knowledge about. Betting on unknown league in sport betting is similar to a non poker player going to play poker. He's going to lose because his counterparts has more knowledge than him and will use that to win.

Exactly, gamblers loose whenever they are gambling by not having experience with the bet or game they play, if we have less idea or information needed enough for them to be able to make use of the gambling opportunity to win, this could in other words mean that most of the results we get while gambling lies on our individual abilities towards what we do and how we bet while gambling, all gambling games have equal risks and same opportunities to either win or loose but it's our own choice to choose either ways to bet.

even if a person has high knowledge about all games, even if a person has a lot of experience in sports betting, even if that person has a very large amount of money, even with all these conditions that person will lose everything and the reason is that the odd values for the person to stay in profit are only games with odds above @ 2.00 so with each bet and victory that the person has, the person guarantees that he will have more capital to bet, but when people are betting on the games with odds below @2.00, then that person starts to suffer losses and goes bankrupt, just imagine the following scenario

the person bets on a game where he has an odd of @1.50, then he puts in 1$ and wins and with that he has 1.50$ so the next day the person returns to bet the same amount on a game where he has the same odd, but that person loses and you will be left with 0.50$ see that that person is now at a loss, so just one defeat was enough to cancel out a victory that the person had, which means that if the person wants to bet 1$ again he will have to put more money and in the long term always is bankrupt, that's the case for all of us, it happens to all of us, and that's why gambling should be seen as fun and nothing more

because even if the person tries hard, in the long run it is impossible to beat the bookmakers, games with low odds have the particularity of being more predictable games, but they are not 100% guaranteed to be correct, resulting in bankruptcy when people lose a lot . while multibet betting is like betting on luck, so they also lead to bankruptcy, and making too many single bets also leads to bankruptcy. there is no winning strategy, at the end of the day we all lose

[Natalim]

Gamblers lose when they bet on things they don't have any knowledge about. Betting on unknown league in sport betting is similar to a non poker player going to play poker. He's going to lose because his counterparts has more knowledge than him and will use that to win.

Exactly, gamblers loose whenever they are gambling by not having experience with the bet or game they play, if we have less idea or information needed enough for them to be able to make use of the gambling opportunity to win, this could in other words mean that most of the results we get while gambling lies on our individual abilities towards what we do and how we bet while gambling, all gambling games have equal risks and same opportunities to either win or loose but it's our own choice to choose either ways to bet.

Remember that the sports betting journey should be treated as a long-term endeavor, and you are right that with less experience, a gambler may lose in the long run. However, if we believe that we will succeed in sports betting, we should consider learning from our experiences because, at the end of the day, what we hope to achieve is consistency.

The problem would only arise if we make mistakes and keep repeating them. That would be unwise and would never result in a positive outcome. Strategies can be developed, and adjustments can be made, but the most crucial aspect is the state of your "mind and emotions." Both should be stable and in sync; otherwise, failure may await in the end.

Sports betting can be profitable for some, but it's not suitable for everyone.

[ethereumhunter]

Gamblers lose when they bet on things they don't have any knowledge about. Betting on unknown league in sport betting is similar to a non poker player going to play poker. He's going to lose because his counterparts has more knowledge than him and will use that to win.

Exactly, gamblers loose whenever they are gambling by not having experience with the bet or game they play, if we have less idea or information needed enough for them to be able to make use of the gambling opportunity to win, this could in other words mean that most of the results we get while gambling lies on our individual abilities towards what we do and how we bet while gambling, all gambling games have equal risks and same opportunities to either win or loose but it's our own choice to choose either ways to bet.

We will only lose if we bet on bets that we are not familiar with and that is certain to happen. But sometimes, some people intend to bet on something they don't know just because they want to get a new experience, but they can win. And if it's like that, they managed to get lucky to help him win even though he didn't intend to bet on that bet. But indeed, we should bet on bets that we know so that our chances of winning can be better but that still doesn't guarantee we can win because there is a luck factor behind it.

[len01]

Gamblers lose when they bet on things they don't have any knowledge about. Betting on unknown league in sport betting is similar to a non poker player going to play poker. He's going to lose because his counterparts has more knowledge than him and will use that to win.

Exactly, gamblers loose whenever they are gambling by not having experience with the bet or game they play, if we have less idea or information needed enough for them to be able to make use of the gambling opportunity to win, this could in other words mean that most of the results we get while gambling lies on our individual abilities towards what we do and how we bet while gambling, all gambling games have equal risks and same opportunities to either win or loose but it's our own choice to choose either ways to bet.

We will only lose if we bet on bets that we are not familiar with and that is certain to happen. But sometimes, some people intend to bet on something they don't know just because they want to get a new experience, but they can win. And if it's like that, they managed to get lucky to help him win even though he didn't intend to bet on that bet. But indeed, we should bet on bets that we know so that our chances of winning can be better but that still doesn't guarantee we can win because there is a luck factor behind it.

Its actually quite easy, if you really want to bet on sports that you did not know before, we can bet on the favorite team, even though it do not always give a guarantee, but if we are lucky, we will definitely get a win. but unfortunately this is not only about luck but also about favorite sports like for example you really like football and are a fan of one of the football teams but have no knowledge of other sports after that you will always bet on football because thats the only way you can win.
Its really not recommended to bet on something we dont know, because even though everything still depends on luck, its better to get bigger odds from sports we know, so I agree with you.

[Yamifoud]

Sports betting can be profitable for some, but it's not suitable for everyone.

This is the reality; just because some people make money in sports betting doesn't mean we can also make money. Of course, we can try, but it's important to set limits in everything we do, as the more we force the issue, the more we may end up losing. If we find that we cannot consistently make money in sports betting and we still enjoy gambling, then maybe it's time for some self-evaluation. We could consider gambling just for fun, where we won't notice our losses as much since we'll be focused on enjoying the experience. This is different from treating sports betting as a business, where we need to track our wins and losses to determine profitability.

[topbitcoin]

Sports betting can be profitable for some, but it's not suitable for everyone.

I agree with you, most people love sports but not all of them do sports betting. Sports betting is only for those who want to add excitement and thrill when watching matches and have a special love for certain sports or those who have good analytical skills

I myself have a love for the ball club, so if the club plays then I will not hesitate to make a bet to add to the sensation while watching the game even though for example the opponent they face is stronger than the club I hold but for some reason I feel there is a separate belief to my favorite club. And maybe this is also what makes me and some people who bet on sports suffer losses, because it is hard to place bets without seeing the opponent from the club that we hold. And are you also like that?

But there are also those who not only have a love for the ball club but they like the name betting. So that when they place bets not only on the club they love but also on every football match, they usually do further analysis before starting to bet and determine which club they belong to.

[ethereumhunter]

Its actually quite easy, if you really want to bet on sports that you did not know before, we can bet on the favorite team, even though it do not always give a guarantee, but if we are lucky, we will definitely get a win. but unfortunately this is not only about luck but also about favorite sports like for example you really like football and are a fan of one of the football teams but have no knowledge of other sports after that you will always bet on football because thats the only way you can win.
Its really not recommended to bet on something we dont know, because even though everything still depends on luck, its better to get bigger odds from sports we know, so I agree with you.

But often, we don't know which team is the favorite, so we can only guess based on the betting positions on the market. And that also doesn't guarantee us to win because everything might still depend on other factors. If you bet on your favorite sport, your chances of winning will be greater because at least you already know the details of the sport and only need to analyze each team that will compete later. If you can already find a team that has a bigger chance of winning, it will be easy for you because you can place a bet on that team and wait for the results. Betting on something we don't know about is just for fun and want to have a different experience so if we are curious, we can find more detailed information about the sport.

[bitgolden]

We will only lose if we bet on bets that we are not familiar with and that is certain to happen. But sometimes, some people intend to bet on something they don't know just because they want to get a new experience, but they can win. And if it's like that, they managed to get lucky to help him win even though he didn't intend to bet on that bet. But indeed, we should bet on bets that we know so that our chances of winning can be better but that still doesn't guarantee we can win because there is a luck factor behind it.

There are also ones who keep seeing betting advice from others and they end up betting on those, and they end up losing because of it as well. I do not think that it's going to be smart to ever trust someone with bets, or trades as well. You just have to figure it out yourself.

I only bet on the games where I know the teams or the people I am betting on, that way I know that if I end up losing, that is because whatever suppose to happen didn't happen. For example, almost all races I have bet on Max to win, and in almost all of them he did, that's how I see the situation, and could he lose? Of course, his car may stop, engine failure, crash, tire blasts off, all those things could happen, but I still bet on it because I know he will win if none of those happens.

[Russlenat]

We will only lose if we bet on bets that we are not familiar with and that is certain to happen. But sometimes, some people intend to bet on something they don't know just because they want to get a new experience, but they can win. And if it's like that, they managed to get lucky to help him win even though he didn't intend to bet on that bet. But indeed, we should bet on bets that we know so that our chances of winning can be better but that still doesn't guarantee we can win because there is a luck factor behind it.

There are also ones who keep seeing betting advice from others and they end up betting on those, and they end up losing because of it as well. I do not think that it's going to be smart to ever trust someone with bets, or trades as well. You just have to figure it out yourself.

I only bet on the games where I know the teams or the people I am betting on, that way I know that if I end up losing, that is because whatever suppose to happen didn't happen. For example, almost all races I have bet on Max to win, and in almost all of them he did, that's how I see the situation, and could he lose? Of course, his car may stop, engine failure, crash, tire blasts off, all those things could happen, but I still bet on it because I know he will win if none of those happens.

Yes, it is indeed much better to bet on such games where we are more familiar because in that case, we got more chances to win compared to the chances of losing. Even so, it's okay to hear some speculations and other opinions about the possible outcome of a game but never copy their formula because it is much better if we analyze it personally because it is all the same, their bets and your bets doesn't have any certainty that it will go through successfully. Furthermore, there will be no blaming or what if's if we make it ourselves compared to the contrary.

[ethereumhunter]

There are also ones who keep seeing betting advice from others and they end up betting on those, and they end up losing because of it as well. I do not think that it's going to be smart to ever trust someone with bets, or trades as well. You just have to figure it out yourself.

I only bet on the games where I know the teams or the people I am betting on, that way I know that if I end up losing, that is because whatever suppose to happen didn't happen. For example, almost all races I have bet on Max to win, and in almost all of them he did, that's how I see the situation, and could he lose? Of course, his car may stop, engine failure, crash, tire blasts off, all those things could happen, but I still bet on it because I know he will win if none of those happens.

At first, they can ask other people for advice while still learning to analyze so their analytical skills can slowly improve. From other people's suggestions, they can analyze again to find other clues that are more specific and can become their material in choosing their team.

It's good if you only bet on teams or people you know and that's how it should be so we can prevent that loss. But we also have to keep in mind how much money we can use to bet and don't bet in large amounts if we can't see the losses that might occur.

[Altryist]

Yes, it is indeed much better to bet on such games where we are more familiar because in that case, we got more chances to win compared to the chances of losing. Even so, it's okay to hear some speculations and other opinions about the possible outcome of a game but never copy their formula because it is much better if we analyze it personally because it is all the same, their bets and your bets doesn't have any certainty that it will go through successfully. Furthermore, there will be no blaming or what if's if we make it ourselves compared to the contrary.

In addition, I think that a common mistake among bettors is not following risk management. If at some point the player decides to increase the size of the bet, and it will be increased relative to his gaming budget, then this will violate the general concept and, in case of loss, will increase the losses. Successful betting requires strict adherence to the rules, otherwise the player will lose his game deposit at a distance.

[Ryu_Ar1]

Yes, it is indeed much better to bet on such games where we are more familiar because in that case, we got more chances to win compared to the chances of losing. Even so, it's okay to hear some speculations and other opinions about the possible outcome of a game but never copy their formula because it is much better if we analyze it personally because it is all the same, their bets and your bets doesn't have any certainty that it will go through successfully. Furthermore, there will be no blaming or what if's if we make it ourselves compared to the contrary.

In addition, I think that a common mistake among bettors is not following risk management. If at some point the player decides to increase the size of the bet, and it will be increased relative to his gaming budget, then this will violate the general concept and, in case of loss, will increase the losses. Successful betting requires strict adherence to the rules, otherwise the player will lose his game deposit at a distance.

I personally want to give a description of myself that I think this is a mistake where when I am in sportsbook betting especially for football and when there is a club that I am favourite like Madrid in La Liga then I always give more priority to make them the first choice in betting without seeing what the condition of the game is like so it loses more for bets like this.
It's hard for me to avoid doing this because even though I'm aware of the probabilities, sometimes we fight that factor just to bet on our favourite club.

[pawel7777]

In addition, I think that a common mistake among bettors is not following risk management. If at some point the player decides to increase the size of the bet, and it will be increased relative to his gaming budget, then this will violate the general concept and, in case of loss, will increase the losses. Successful betting requires strict adherence to the rules, otherwise the player will lose his game deposit at a distance.

Let's not pretend that gambling is a legit way of earning regular income. If one was to apply logic, cold calculation, risk management, rules etc. they'd end up with a conclusion that it's best to not gamble at all and focus on other, more meaningful things.
The only way to pull a profit long-term is to search for anomalies that would shift the edge to your side, but those are rare by definition.

[LUCKMCFLY]

~snip~

When we make a break between the casino and sports betting there is something clearer, in the casino when we play any game, be it slots or dice we are given only to luck, there is nothing else to do there, we have immediate results, If we lose or win at once, in the case of sports betting, things can change a bit, the responsibility is more given to the knowledge we have, a good analysis leads to a very good prediction, whatever the sport, we do We are well aware of it because it can make us earn money, and depending on the bet or the degree of money that we have bet, it can be quite a lot.

In bets like soccer or boxing, UFC fights are my strengths, it is where I have the greatest degree of knowledge, however, there are times when I can make a great analysis and the luck factor also has something present, because it can change, suddenly we can change things from one moment to another, having the best prediction of all and we can lose it without further ado.

This type of thing happens in sports, not so frequently but it does happen, sometimes in boxing the statistics are very precise, due to the history of the boxer, how many fights he has had, the degree of training, all of that influences, In fact, as I have said in various hills, a boxer wins his fight is in training, the harder the training, the easier g+ will win the fight, and well, an example of this was the fight between Crawford and Spence, which Crawfor He had been asking for the fight for a long time and Spence was cheating on him, since he asked him he was already training for that fight, and when the fight was finally given to him, Crawford shattered a Spence who thought he had everything won, So the lessons of life are sometimes hard, and it makes things change, in this case my logic, analysis and prediction were very correct and quite precise, almost hitting the prediction as I said, but it is thanks to the analysis that I took it out due to the details I saw of the training of both boxers, which means that yes, sports betting has a better chance of winning.

Your claim that the knowledge element in sports betting results in higher odds is, in my opinion, a bit rosy. It's important to keep in mind that sports are inherently unpredictable, and that a single injury, bad day, or unexpected burst of energy from an underdog can render all prior knowledge useless

Even with expert knowledge, the unexpected can (and often does) occur, as demonstrated by your Crawford vs. Spence example. My opinion? No matter what you do, luck is always lurking around the corner. Let's not kid ourselves: there is still an element of chance in gambling, no matter how much we know

Well, if you're right, there's always a share of luck there, what happens is that at least in boxing I think very differently, maybe not because I've always been a fan, I also practiced that beautiful sport and sometimes when you enter this world head-on, there are things that they are learned and applied, the techniques, the type of fighter he is, if he is intelligent or very strong, but above all I like to focus on the most important thing in this sport, and it is not standing in a ring or on a camera pretending that the strongest is the one who talks the most and also praises himself, no, as this sport has been trained, when there is a fight to fight, the fight is won by the one who does his training with more intensity, putting his abilities to the limit, and it is incredible, but for me the greatest of all things to determine if a boxer can win the fight is to obtain details of his training, we all know that Crawford since 2020 never stopped training, he always asked for his fight and spence did not take it Taking this into account, the fighter did not give up and made it clear that things were how they Happened in part. I did not see the luck that Crawford gave Spence that Beating, that was totally premeditated, in the 6th round, Crawford was only premeditated. leaving it there, not giving him a knockout, but why? Because he wanted to make him suffer and show that he is a boxer because of the punishment he was giving him and that he is a much bigger boxer than him , these things are sometimes understood when you practice the sport, and when you have been in his position.

Every boxer on the forum can say that what I say is true, always in boxing even if you don't Want to , there will Always be a "pique" with the other, it is inevitable, so that "pique" is what makes you train much more hard and show who is the best , Particularly that is what I Base my Opinions on , contact sports will Always have the Desire to do Rematches, Challenges , to show who is the best , that usually Happens in this Type of Sports.

[Sithara007]

Whenever a bettor wins an amount, another one is losing the same amount. And you need to factor in the house advantage as well. So the net winnings maybe less than the total loss incurred by all the gamblers. And then you can add the tax factor. In the end, for the majority of the users, betting on sports events will be a loss making exercise. If the users end up with a profit despite all this, then it means that the sportsbook is suffering massive losses. In this case, the situation is not sustainable in the long run and the online casino may declare bankruptcy after some time.

[retreat]

-snip-
Remember that the sports betting journey should be treated as a long-term endeavor, and you are right that with less experience, a gambler may lose in the long run. However, if we believe that we will succeed in sports betting, we should consider learning from our experiences because, at the end of the day, what we hope to achieve is consistency.

Experienced gamblers are those who are consistent and learn from their experience which can give them the opportunity to win bigger than they lose. They consider that experience is something very important and they learn from it and do not underestimate it. Hence these gamblers are successful in their gambling journey.

[Negotiation]

Gamblers lose when they bet on things they don't have any knowledge about. Betting on unknown league in sport betting is similar to a non poker player going to play poker. He's going to lose because his counterparts has more knowledge than him and will use that to win.

Exactly, gamblers loose whenever they are gambling by not having experience with the bet or game they play, if we have less idea or information needed enough for them to be able to make use of the gambling opportunity to win, this could in other words mean that most of the results we get while gambling lies on our individual abilities towards what we do and how we bet while gambling, all gambling games have equal risks and same opportunities to either win or loose but it's our own choice to choose either ways to bet.

It is true that gamblers lose when betting because they have very little experience about the game. There are no shortcuts in learning any skill, their depth has to be determined well. Sports betting can be learned from different communities, which always have some knowledgeable punters. Taking insights from these communities is about trust but should not always believe too much. As tempting as it may be to jump into a match where someone claims to have some inside information. Researching yourself leads to the most effective knowledge and the least risk.

[maydna]

-snip-
Remember that the sports betting journey should be treated as a long-term endeavor, and you are right that with less experience, a gambler may lose in the long run. However, if we believe that we will succeed in sports betting, we should consider learning from our experiences because, at the end of the day, what we hope to achieve is consistency.

Experienced gamblers are those who are consistent and learn from their experience which can give them the opportunity to win bigger than they lose. They consider that experience is something very important and they learn from it and do not underestimate it. Hence these gamblers are successful in their gambling journey.

To succeed in sports betting, one must be able to improve his analytical skills so that he can find teams or players who can win matches. This is difficult because not many people are willing and have the desire to improve their abilities. Most gamblers want things that are easy to get, so they will only look for betting signals so they can immediately place bets.

This makes many gamblers fail at sports betting because they don't want to learn to analyze a match and only rely on signals from other people. And they also can't be experienced gamblers in analyzing matches because they haven't improved their analysis skills either.

[len01]

-snip

But often, we don't know which team is the favorite, so we can only guess based on the betting positions on the market. And that also doesn't guarantee us to win because everything might still depend on other factors. If you bet on your favorite sport, your chances of winning will be greater because at least you already know the details of the sport and only need to analyze each team that will compete later. If you can already find a team that has a bigger chance of winning, it will be easy for you because you can place a bet on that team and wait for the results. Betting on something we don't know about is just for fun and want to have a different experience so if we are curious, we can find more detailed information about the sport.

what I mean is the team that is favored by the bookies and its quite easy to choose low odds. indeed betting on sports that are not known and only choosing to bet on the team favored by the dealer does not always guarantee victory, its just that the chances will be greater than just betting without having any basis that you dont know what the chances of winning are.
yes it is true that betting on unknown sports is just for fun or to try my luck and I sometimes when I feel lucky I bet on teams I dont know and sometimes win and also lose.
so there nothing wrong with trying your luck elsewhere as long as you are responsible for your own bets.

[Eternad]

what I mean is the team that is favored by the bookies and its quite easy to choose low odds. indeed betting on sports that are not known and only choosing to bet on the team favored by the dealer does not always guarantee victory, its just that the chances will be greater than just betting without having any basis that you dont know what the chances of winning are.
yes it is true that betting on unknown sports is just for fun or to try my luck and I sometimes when I feel lucky I bet on teams I dont know and sometimes win and also lose.
so there nothing wrong with trying your luck elsewhere as long as you are responsible for your own bets.

Actually, your suggestion is correlated in terms of higher probability of winning in case you didn’t know the sports because bookie set the odds based on the demand of that pick meaning it’s the crowd favorite for picks with low odds.

The problem on betting with unknown sports is you are not enjoying your bets since you are just tossing money on game that you didn’t know. Sure your chance of winning is high base on probability but it is worth it for the sake of entertainment? Also all games is just base of chance so it’s double sadness when you loss because you will both lose money and entertainment on the game.

[danherbias07]

Sports betting can be profitable for some, but it's not suitable for everyone.

This is the reality; just because some people make money in sports betting doesn't mean we can also make money. Of course, we can try, but it's important to set limits in everything we do, as the more we force the issue, the more we may end up losing. If we find that we cannot consistently make money in sports betting and we still enjoy gambling, then maybe it's time for some self-evaluation. We could consider gambling just for fun, where we won't notice our losses as much since we'll be focused on enjoying the experience. This is different from treating sports betting as a business, where we need to track our wins and losses to determine profitability.

Ain't this the same thing in the belief about Trading?
Many people thought it was easy but it requires analysis before you could win a trade. The same goes with sports betting, analysis is needed if we want to increase the percentage of a win.
Plus, in my opinion, you must love a sport if you want to know more about it and increase your chance to win a bet.
But even those who love the game can also lose and we must not forget that. I've been betting in basketball games because I love the sport but somehow I still find myself on a losing streak sometimes. It is not easy especially if a team suddenly plays well than the favorites.
I've seen gamblers who do a guessing game or just follow the favorites, there's still a risk there because we will never know the outcome.

[bitzizzix]

-snip-
Remember that the sports betting journey should be treated as a long-term endeavor, and you are right that with less experience, a gambler may lose in the long run. However, if we believe that we will succeed in sports betting, we should consider learning from our experiences because, at the end of the day, what we hope to achieve is consistency.

Experienced gamblers are those who are consistent and learn from their experience which can give them the opportunity to win bigger than they lose. They consider that experience is something very important and they learn from it and do not underestimate it. Hence these gamblers are successful in their gambling journey.

To succeed in sports betting, one must be able to improve his analytical skills so that he can find teams or players who can win matches. This is difficult because not many people are willing and have the desire to improve their abilities. Most gamblers want things that are easy to get, so they will only look for betting signals so they can immediately place bets.

This makes many gamblers fail at sports betting because they don't want to learn to analyze a match and only rely on signals from other people. And they also can't be experienced gamblers in analyzing matches because they haven't improved their analysis skills either.

Experience will indeed be a good provision in any case including sports betting and so on, but all of that must be learned, especially mistakes in analyzing. And
Another thing that successful sports bettors usually have is strong analytical skills, and don't easily believe any signal until you have done good research.
when it comes to sports betting, there is a huge amount of data that needs to be analyzed in its entirety with great care. To be successful, you must be able to review and interpret historical data, betting odds, injured players and more. Without these skills, it is difficult to succeed in the long term. So each experience must be structured to correct mistakes and improve skills and abilities in analysis.

[AicecreaME]

Not only with sportsgambling but to all gambling games. Reason? Winning is never certain therefore playing more often would expose you to higher risk. Even if you happened to won big, it'll eventually be turned into loss; you won't win always. Higher exposure means higher risk unless you are lucky enough. Analysis would work indeed in sportsbetting but as we all know, anything could happen within a match. Even underdogs has chances to win and if you would be too greedy of winning because you have a lowe odd bet, then be prepared to suffer big time as well once the unexpected happens. We are all prone to greed and frustration.

Indeed. And adding the fact that there's no such thing as being a 100% lucky, having consistent winnings each time you play and bet and everyday. It's not really impossible, but the probability of it happening in a daily basis, consecutively is just so low. And if ever you belong to that very small percentage, you must really really be a lucky one.

I agree that those people who more frequently bet get higher risk exposure. But that's the thing, the more frequent you bet, the higher your chance in winning. And the higher you bet, the higher your reward can be. It's all depending on you on how you will make it work to your advantage. Because after all, there's nothing such as guaranteed and certain winning. There's always a possibility of losing whatever game it may be.

[maydna]

~snip~

Experience will indeed be a good provision in any case including sports betting and so on, but all of that must be learned, especially mistakes in analyzing. And
Another thing that successful sports bettors usually have is strong analytical skills, and don't easily believe any signal until you have done good research.
when it comes to sports betting, there is a huge amount of data that needs to be analyzed in its entirety with great care. To be successful, you must be able to review and interpret historical data, betting odds, injured players and more. Without these skills, it is difficult to succeed in the long term. So each experience must be structured to correct mistakes and improve skills and abilities in analysis.

In sports betting, we really depend on analysis, so we must be able to analyze it well. Do not rely on other people's analysis because it does not improve our analytical skills. By learning to analyze, our ability to analyze will increase because the more we learn, the more we can analyze well. And with the experience we get from the analysis results, it is also useful to improve the ability to analyze it. And don't forget to check the results of your analysis to learn more in case something was missed from your analysis.

[noormcs5]

~snip~

Experience will indeed be a good provision in any case including sports betting and so on, but all of that must be learned, especially mistakes in analyzing. And
Another thing that successful sports bettors usually have is strong analytical skills, and don't easily believe any signal until you have done good research.
when it comes to sports betting, there is a huge amount of data that needs to be analyzed in its entirety with great care. To be successful, you must be able to review and interpret historical data, betting odds, injured players and more. Without these skills, it is difficult to succeed in the long term. So each experience must be structured to correct mistakes and improve skills and abilities in analysis.

In sports betting, we really depend on analysis, so we must be able to analyze it well. Do not rely on other people's analysis because it does not improve our analytical skills. By learning to analyze, our ability to analyze will increase because the more we learn, the more we can analyze well. And with the experience we get from the analysis results, it is also useful to improve the ability to analyze it. And don't forget to check the results of your analysis to learn more in case something was missed from your analysis.

Analysis may help in sports betting but i think it is excessive gambling which is the major cause of this loss for the gamblers. When you try to gamble on all the matches or most of the matches, it is likely that you will lose many games.

Apart from analysis, it is more important to see the odds of the matches and chose only selective matches to bet on. Also while choosing the matches and the odds, also consider if the bet is worth to take. Does it offer enough ROI. For example, if anyone bets with odds 0f something like 1.03, it means he is risking too much money for too little rewards. Things like these need to be analysed before making sports bets.

[Helena Yu]

First and foremost, gambling is always depend on luck.
Second, the additional withdrawal fee, the commission odds, the rules e.g. wager amount to force you to gamble more.
Third, you're just not good in sport.

That's why most of bettors always lose, even though many people say it's a skill based game, but it's still not enough to give a higher guarantee the gambler will win and beat the house.

[pawel7777]

That's why most of bettors always lose, even though many people say it's a skill based game, but it's still not enough to give a higher guarantee the gambler will win and beat the house.

As much as I agree that some types of games that are considered gambling are actually skill games (namely poker) I wouldn't say the same thing about sports betting. Sure, if you have good analytical skills and knowledge of the particular sport you could potentially spot opportunities when the odds are misplaced by bookies giving you the mathematical advantage, but that's more about finding anomalies. By design, sports betting is not far away from "classic" casino games where the house has the edge. That's why we don't see many (or at all?) professional sports bettors.

[swogerino]

That's why most of bettors always lose, even though many people say it's a skill based game, but it's still not enough to give a higher guarantee the gambler will win and beat the house.

As much as I agree that some types of games that are considered gambling are actually skill games (namely poker) I wouldn't say the same thing about sports betting. Sure, if you have good analytical skills and knowledge of the particular sport you could potentially spot opportunities when the odds are misplaced by bookies giving you the mathematical advantage, but that's more about finding anomalies. By design, sports betting is not far away from "classic" casino games where the house has the edge. That's why we don't see many (or at all?) professional sports bettors.

I agree,many people claim to be professional sport bettors by opening several accounts in tipping websites and other related channels in social media yet the fact is that they all lose in the long run simply because as you say it is hard to always hit a win in sport betting.Especially in tennis where they have the low odds of 1.15 and such,I once payed a premium subscription in a tipping service,not much just 9.99 GBP monthly and what these guys were doing was collecting such 1.15 odds from tennis,basketball and other sports,they almost never used soccer and making a parlay with odds of 2,I must admit the first month I ended in profit but several months after I ended up losing big amounts so I don't think anyone can win in the long term in sport betting.

[maydna]

~snip~

Analysis may help in sports betting but i think it is excessive gambling which is the major cause of this loss for the gamblers. When you try to gamble on all the matches or most of the matches, it is likely that you will lose many games.

Apart from analysis, it is more important to see the odds of the matches and chose only selective matches to bet on. Also while choosing the matches and the odds, also consider if the bet is worth to take. Does it offer enough ROI. For example, if anyone bets with odds 0f something like 1.03, it means he is risking too much money for too little rewards. Things like these need to be analysed before making sports bets.

You are right when you say that excessive gambling can be the main cause of the losses we experience. For this reason, we must be able to anticipate using the money so we don't experience even more losses. And even though the analysis that we have can give us victory, we also cannot always get winning because there are times when we will lose because of the wrong analysis.

So knowing that we have bet enough is all we can do so we can stop while still winning. It is also to reduce the number of losses we have obtained so that we can still enjoy the winning money.

[AmoreJaz]

That's why most of bettors always lose, even though many people say it's a skill based game, but it's still not enough to give a higher guarantee the gambler will win and beat the house.

As much as I agree that some types of games that are considered gambling are actually skill games (namely poker) I wouldn't say the same thing about sports betting. Sure, if you have good analytical skills and knowledge of the particular sport you could potentially spot opportunities when the odds are misplaced by bookies giving you the mathematical advantage, but that's more about finding anomalies. By design, sports betting is not far away from "classic" casino games where the house has the edge. That's why we don't see many (or at all?) professional sports bettors.

I agree,many people claim to be professional sport bettors by opening several accounts in tipping websites and other related channels in social media yet the fact is that they all lose in the long run simply because as you say it is hard to always hit a win in sport betting.Especially in tennis where they have the low odds of 1.15 and such,I once payed a premium subscription in a tipping service,not much just 9.99 GBP monthly and what these guys were doing was collecting such 1.15 odds from tennis,basketball and other sports,they almost never used soccer and making a parlay with odds of 2,I must admit the first month I ended in profit but several months after I ended up losing big amounts so I don't think anyone can win in the long term in sport betting.

i believe, there are few of these sportsbettors who can win in the long-term. but those sportsbettors somehow invested some of their winnings to businesses, so even if they go back to betting, they have other means to earn money, so they are not totally broke.
but for those bettors who are always going all in on their betting activities, i guess, they are the ones who will go bankrupt in the long run. as they have no back-up plan to address their financial losses from gambling, they will soon find themselves financially rekt.

[swogerino]

That's why most of bettors always lose, even though many people say it's a skill based game, but it's still not enough to give a higher guarantee the gambler will win and beat the house.

As much as I agree that some types of games that are considered gambling are actually skill games (namely poker) I wouldn't say the same thing about sports betting. Sure, if you have good analytical skills and knowledge of the particular sport you could potentially spot opportunities when the odds are misplaced by bookies giving you the mathematical advantage, but that's more about finding anomalies. By design, sports betting is not far away from "classic" casino games where the house has the edge. That's why we don't see many (or at all?) professional sports bettors.

I agree,many people claim to be professional sport bettors by opening several accounts in tipping websites and other related channels in social media yet the fact is that they all lose in the long run simply because as you say it is hard to always hit a win in sport betting.Especially in tennis where they have the low odds of 1.15 and such,I once payed a premium subscription in a tipping service,not much just 9.99 GBP monthly and what these guys were doing was collecting such 1.15 odds from tennis,basketball and other sports,they almost never used soccer and making a parlay with odds of 2,I must admit the first month I ended in profit but several months after I ended up losing big amounts so I don't think anyone can win in the long term in sport betting.

i believe, there are few of these sportsbettors who can win in the long-term. but those sportsbettors somehow invested some of their winnings to businesses, so even if they go back to betting, they have other means to earn money, so they are not totally broke.

You are again agreeing with me here.I said the same that in the long run no one is brave enough to predict the future consistently so those who were brave enough to invest the money they won from sport betting are not considered professional bettors anymore but smart guys,they have invested in businesses where money comes passively to them and now they can afford to try and act like professional gamblers knowing they risk nothing even if they lose the money as they get new money from their businesses.

[wiss19]

Whenever a bettor wins an amount, another one is losing the same amount. And you need to factor in the house advantage as well. So the net winnings maybe less than the total loss incurred by all the gamblers. And then you can add the tax factor. In the end, for the majority of the users, betting on sports events will be a loss making exercise. If the users end up with a profit despite all this, then it means that the sportsbook is suffering massive losses. In this case, the situation is not sustainable in the long run and the online casino may declare bankruptcy after some time.

There is no way a casino or a sportsbook will go bankrupt just because a player win because they set the odds and maximum bet limit based on how much they can pay if the gambler actually wins the bet. And, it isn't necessary that when a bettor wins a bet, another bettor must have lost a bet with the same amount, what if another bettor lost a higher amount? There are different bettors using different amounts and choosing different sides as well.

Also, if a sports betting expert wins more bets than they lose, they will always be in profit even after paying the taxes and everything, but since your luck can also have it's influence over your wins and losses, not every single sports bettor can become successful and there will always be struggling bettors.

[pawel7777]

i believe, there are few of these sportsbettors who can win in the long-term. but those sportsbettors somehow invested some of their winnings to businesses, so even if they go back to betting, they have other means to earn money, so they are not totally broke.

Have you actually met or heard about any real-life long-term profitable sports-bettors, or do you just believe they exist?
If the story is real, the very fact they they had chosen to take their capital and invest it somewhere else would indicate that they themselves didn't have much faith in their betting skills working long-term.

[Westinhome]

First and foremost, gambling is always depend on luck.
Second, the additional withdrawal fee, the commission odds, the rules e.g. wager amount to force you to gamble more.
Third, you're just not good in sport.

That's why most of bettors always lose, even though many people say it's a skill based game, but it's still not enough to give a higher guarantee the gambler will win and beat the house.

It's true and most important factor the gambler should keep in mind.If they doesn't agree in this fact,then he will do gambling with addiction to taste the luck daily.But the luck is not favor the gamblers all the day.He need to find one game which suit him for long run.Then he must learn the rules of that game completely is most important one.Because rules are most important to get your winning at the early stages.The people with skill of certain game will get some guarantee win with last price and winning is most important by using the skills.

[Vaskiy]

i believe, there are few of these sportsbettors who can win in the long-term. but those sportsbettors somehow invested some of their winnings to businesses, so even if they go back to betting, they have other means to earn money, so they are not totally broke.

Have you actually met or heard about any real-life long-term profitable sports-bettors, or do you just believe they exist?
If the story is real, the very fact they they had chosen to take their capital and invest it somewhere else would indicate that they themselves didn't have much faith in their betting skills working long-term.

Agreed, and I'm not sure of it. There are chances of gamblers profitable with sports betting in the long run. This happens with gamblers who mostly analyse well and go with the right odds even if it is @1.1 whereas most of the sports betting gamblers in the long run tries to bet against the odds to profit big. This used to be lucky and the same doesn't happen all the time. This is the prime reason for loss of gamblers in the long term.

[Hispo]

First and foremost, gambling is always depend on luck.
Second, the additional withdrawal fee, the commission odds, the rules e.g. wager amount to force you to gamble more.
Third, you're just not good in sport.

That's why most of bettors always lose, even though many people say it's a skill based game, but it's still not enough to give a higher guarantee the gambler will win and beat the house.

...The people with skill of certain game will get some guarantee win with last price and winning is most important by using the skills.

I could not understand what you exactly meant by this.
To me there is some skill within sport betting, it is mostly about luck, sure. But unlike gambling one as bettor have a small gap to analyze the possibilities, statistics and other factors in order to increase the chances of predicting an outcome.

i believe, there are few of these sportsbettors who can win in the long-term. but those sportsbettors somehow invested some of their winnings to businesses, so even if they go back to betting, they have other means to earn money, so they are not totally broke.

Have you actually met or heard about any real-life long-term profitable sports-bettors, or do you just believe they exist?
If the story is real, the very fact they they had chosen to take their capital and invest it somewhere else would indicate that they themselves didn't have much faith in their betting skills working long-term.

Agreed, and I'm not sure of it. There are chances of gamblers profitable with sports betting in the long run. This happens with gamblers who mostly analyse well and go with the right odds even if it is @1.1 whereas most of the sports betting gamblers in the long run tries to bet against the odds to profit big. This used to be lucky and the same doesn't happen all the time. This is the prime reason for loss of gamblers in the long term.

I don't think some sport bettor who is aiming to be profitable as much as possible would dare to go against the odds for the sake of scoring big; to me it sound rather like the fastest way to lose it all, instead an strategy to be profitable in a constant way with sport-betting.

When  I think of a profitable bettor, it comes to mind someone who would rather to win smaller amounts going along the odds, instead against them. Just my opinion, of course.

[STT]

There was a story line in the Wire tv series where the guy follows all the teams so well he has been able to establish a positive track record over years for predictions vs odds.   However this man is so conservative he never actually bets, all he does is log and record each game and no doubt watches the games.   He isnt being biased by the money involved because he eliminated it altogether.  The TV series was written by a couple of ex reporters, ie. alot of the story themes were real or based on actual events they had witnessed or written about in the newspaper in prior decades.
   I think it is possible to bet positively but sometimes the odds are poor and you should walk away from poor value bets, a team can become too popular relative to their skill and risk of losing but people bet their favorites regardless not many trouble over exact detail and maths behind it all.  It is certainly possible imo with alot of work.

[ethereumhunter]

i believe, there are few of these sportsbettors who can win in the long-term. but those sportsbettors somehow invested some of their winnings to businesses, so even if they go back to betting, they have other means to earn money, so they are not totally broke.

Have you actually met or heard about any real-life long-term profitable sports-bettors, or do you just believe they exist?
If the story is real, the very fact they they had chosen to take their capital and invest it somewhere else would indicate that they themselves didn't have much faith in their betting skills working long-term.

Sports bettors who can make money on sports betting exist and probably continue to gamble today. And I also believe that they are investing it elsewhere because they think that nothing lasts forever and they have to have a business to keep making money even though they are still betting on sports.

If they invest the money from their winning bets elsewhere, it doesn't mean he doesn't believe in his skills but it shows that he can be wise and know when it's time for him to stop betting. People who can make money from gambling in the long term have more experience and a high degree of skill so they can see things from different angles and decide what is best for them.

[Rabata]

That's why most of bettors always lose, even though many people say it's a skill based game, but it's still not enough to give a higher guarantee the gambler will win and beat the house.

As much as I agree that some types of games that are considered gambling are actually skill games (namely poker) I wouldn't say the same thing about sports betting. Sure, if you have good analytical skills and knowledge of the particular sport you could potentially spot opportunities when the odds are misplaced by bookies giving you the mathematical advantage, but that's more about finding anomalies. By design, sports betting is not far away from "classic" casino games where the house has the edge. That's why we don't see many (or at all?) professional sports bettors.

I agree,many people claim to be professional sport bettors by opening several accounts in tipping websites and other related channels in social media yet the fact is that they all lose in the long run simply because as you say it is hard to always hit a win in sport betting.Especially in tennis where they have the low odds of 1.15 and such,I once payed a premium subscription in a tipping service,not much just 9.99 GBP monthly and what these guys were doing was collecting such 1.15 odds from tennis,basketball and other sports,they almost never used soccer and making a parlay with odds of 2,I must admit the first month I ended in profit but several months after I ended up losing big amounts so I don't think anyone can win in the long term in sport betting.

i believe, there are few of these sportsbettors who can win in the long-term. but those sportsbettors somehow invested some of their winnings to businesses, so even if they go back to betting, they have other means to earn money, so they are not totally broke.
but for those bettors who are always going all in on their betting activities, i guess, they are the ones who will go bankrupt in the long run. as they have no back-up plan to address their financial losses from gambling, they will soon find themselves financially rekt.

Everyone who is a gambler should have a different source of income. Many who have been involved in gambling for a long time have learned to understand well why it is necessary to divert money from gambling to other businesses. Many gamblers prioritize emotion when it comes to sports betting and that's where their chances of losing increase. Gambling result is zero if all money is lost after long time betting. Moreover, since the possibility of losing is high in gambling, there is always a need for money. If there is another source of income, then a gambler's gambling risk can be reduced, if the risk is reduced, there will be less human pressure, so a gambler will be physically healthy.

[len01]

Sports bettors who can make money on sports betting exist and probably continue to gamble today. And I also believe that they are investing it elsewhere because they think that nothing lasts forever and they have to have a business to keep making money even though they are still betting on sports.

If they invest the money from their winning bets elsewhere, it doesn't mean he doesn't believe in his skills but it shows that he can be wise and know when it's time for him to stop betting. People who can make money from gambling in the long term have more experience and a high degree of skill so they can see things from different angles and decide what is best for them.

out of 10 wins I think there will be some losses and its not sure if the wins are worth the losses because even though betting strictly on every sport does not guarantee always wins.
I know what you mean if a gambler gets a big win from gambling or gets a win every day after that the winnings are invested elsewhere which has a little risk that does not mean he not believe in his skills but he only thinks in the long term and someone does this have a good mindset to manage their finances. so gamblers like this can be said to be professional gamblers.

[slapper]

i believe, there are few of these sportsbettors who can win in the long-term. but those sportsbettors somehow invested some of their winnings to businesses, so even if they go back to betting, they have other means to earn money, so they are not totally broke.

Have you actually met or heard about any real-life long-term profitable sports-bettors, or do you just believe they exist?
If the story is real, the very fact they they had chosen to take their capital and invest it somewhere else would indicate that they themselves didn't have much faith in their betting skills working long-term.

Sports bettors who can make money on sports betting exist and probably continue to gamble today. And I also believe that they are investing it elsewhere because they think that nothing lasts forever and they have to have a business to keep making money even though they are still betting on sports.

If they invest the money from their winning bets elsewhere, it doesn't mean he doesn't believe in his skills but it shows that he can be wise and know when it's time for him to stop betting. People who can make money from gambling in the long term have more experience and a high degree of skill so they can see things from different angles and decide what is best for them.

Certainly, the exitence of sports bettors who profit consistently isn't just a myth; it's a reality that can't be overlooked. And yes, it would make a certain amount of logical sense that if someone is successful at one endeavor, they might also possess the foresight to diversify their income sources. Interestingly, the universe does have its way of balancing things out. Maybe, just maybe, there's this thing we can call universal luck. It's not about always winning, but about the universe aligning things in your favor, periodically

However, it's essential - and let me stretch this a bit further - really, really essential, to understand that reinvesting your profits is a sound business strategy in almost every domain, not just sports betting. It shows prudence, foresight, and a pinch of that universal luck, perhaps. Speaking of which, healthy gambling is a topic that can't be brushed under the carpet. It’s vital, super vital, to approach sports betting with moderation and a clear mindset. Not just for the pocket, but for the soul and mind as well

[Kelvinid]

Certainly, the exitence of sports bettors who profit consistently isn't just a myth; it's a reality that can't be overlooked. And yes, it would make a certain amount of logical sense that if someone is successful at one endeavor, they might also possess the foresight to diversify their income sources. Interestingly, the universe does have its way of balancing things out. Maybe, just maybe, there's this thing we can call universal luck. It's not about always winning, but about the universe aligning things in your favor, periodically

However, it's essential - and let me stretch this a bit further - really, really essential, to understand that reinvesting your profits is a sound business strategy in almost every domain, not just sports betting. It shows prudence, foresight, and a pinch of that universal luck, perhaps. Speaking of which, healthy gambling is a topic that can't be brushed under the carpet. It’s vital, super vital, to approach sports betting with moderation and a clear mindset. Not just for the pocket, but for the soul and mind as well

Only a few people manage to make a living from sports betting, and that's alright since overall, sports betting sites still remain profitable. Perhaps, if you're a serious sports bettor, your ultimate dream is to achieve success in sports betting, but it can't happen overnight. We need to approach it as a long-term activity; being a profitable gambler requires consistency.

Some may not believe it's possible because they haven't seen it firsthand. However, we can simply analyze the situation. If sports betting were not profitable for anyone, then people should stop betting. The fact that the sports betting industry is substantial indicates the strong interest people have in making money through sports.

[Finestream]

Certainly, the exitence of sports bettors who profit consistently isn't just a myth; it's a reality that can't be overlooked. And yes, it would make a certain amount of logical sense that if someone is successful at one endeavor, they might also possess the foresight to diversify their income sources. Interestingly, the universe does have its way of balancing things out. Maybe, just maybe, there's this thing we can call universal luck. It's not about always winning, but about the universe aligning things in your favor, periodically

However, it's essential - and let me stretch this a bit further - really, really essential, to understand that reinvesting your profits is a sound business strategy in almost every domain, not just sports betting. It shows prudence, foresight, and a pinch of that universal luck, perhaps. Speaking of which, healthy gambling is a topic that can't be brushed under the carpet. It’s vital, super vital, to approach sports betting with moderation and a clear mindset. Not just for the pocket, but for the soul and mind as well

Only a few people manage to make a living from sports betting, and that's alright since overall, sports betting sites still remain profitable. Perhaps, if you're a serious sports bettor, your ultimate dream is to achieve success in sports betting, but it can't happen overnight. We need to approach it as a long-term activity; being a profitable gambler requires consistency.

Some may not believe it's possible because they haven't seen it firsthand. However, we can simply analyze the situation. If sports betting were not profitable for anyone, then people should stop betting. The fact that the sports betting industry is substantial indicates the strong interest people have in making money through sports.

I agree. I mean, in these day and age where things are getting more modern and modern, hearing about professional gamblers is not already new to our ears but it will always struck us how did they manage to keep their financials and career on the up and up. I know it's not that easy because there are no guarantees in this space and our chances is much lesser because of the fact, still there are some who people are successful on their path and I admire them for that.

[molsewid]

I agree. I mean, in these day and age where things are getting more modern and modern, hearing about professional gamblers is not already new to our ears but it will always struck us how did they manage to keep their financials and career on the up and up. I know it's not that easy because there are no guarantees in this space and our chances is much lesser because of the fact, still there are some who people are successful on their path and I admire them for that.

Yes, but the thing is people who always lose that are those people who lost their winnings because they believe that things are going to be great all the time without being losing once. People should learn the basics even in sports betting, I am really a fan of sports betting whether it is esports or traditional ones, i really spend a lot of time before betting.

[Dunamisx]

Only a few people manage to make a living from sports betting, and that's alright since overall, sports betting sites still remain profitable. Perhaps, if you're a serious sports bettor, your ultimate dream is to achieve success in sports betting, but it can't happen overnight. We need to approach it as a long-term activity; being a profitable gambler requires consistency.

I just wanter to know which gambling sport game is not risky to bet, they are all having their own difficulty challenges and we could see why there's more need for a gambler to understand well the kind or category of game he's trying to gamble, experience also go a little bit far in how we gamble, while loosing bets remains a constant thing we cannot do without no matter how good we are in what we do while gambling, sport betting is the simplest to some while some gambler thought about others as alternatives for them.

Some may not believe it's possible because they haven't seen it firsthand. However, we can simply analyze the situation. If sports betting were not profitable for anyone, then people should stop betting.

Yes, you're right, it is more profitable to some and this has been the reason why they had chosen sport betting over other bets, same applies to the other direction as the case may be, but if we are to look at the most populated betting games categories, sport betting carries most.

[Nrcewker]

First and foremost, gambling is always depend on luck.

Gambling is definitely a game of luck. But here we are talking about sports betting. Sports betting can be considered as both game of luck and skill. As in sports betting you need to analyse the sports event, do calculations and then only bet in it. So if a bettor is losing, then it only proves that he doesn’t have required knowledge on that particular sport. To be honest, now for a few days I haven’t seen many gamblers losing money on sports betting, yes they bet on odds with less returns, but never seen losing more than winning.

[qwertyup23]

First and foremost, gambling is always depend on luck.

Gambling is definitely a game of luck. But here we are talking about sports betting. Sports betting can be considered as both game of luck and skill. As in sports betting you need to analyse the sports event, do calculations and then only bet in it. So if a bettor is losing, then it only proves that he doesn’t have required knowledge on that particular sport. To be honest, now for a few days I haven’t seen many gamblers losing money on sports betting, yes they bet on odds with less returns, but never seen losing more than winning.

I definitely agree with your statement.

At some point, the curve will definitely be in favour of the gambling platform given that there is no absolute result when it comes to gambling. It is either you win or you lose; the more you engage yourself in a very risky environment, the more you put your resources at risk.

This explains on why majority of the gamblers who continuously gamble (despite them winning a large sum of money) lose their resources at the end. If you truly want to maximize your winnings, better that you invest the money you have won.

[AbuBhakar]

First and foremost, gambling is always depend on luck.

Gambling is definitely a game of luck. But here we are talking about sports betting. Sports betting can be considered as both game of luck and skill. As in sports betting you need to analyse the sports event, do calculations and then only bet in it. So if a bettor is losing, then it only proves that he doesn’t have required knowledge on that particular sport. To be honest, now for a few days I haven’t seen many gamblers losing money on sports betting, yes they bet on odds with less returns, but never seen losing more than winning.

In winning percentage you are right but in overall PnL, there’s still a lot of bettors on negative side since a one lose bet can give them a breakeven or lose even with multiple win depending on their odds choice.

I follow many popular tipster and most of theri winning rate is just ranging from 50% to 60+% at most. This will surely equivalent to losses if ever gambler that following this tipster bet equally.

[lizarder]

Placing bets based on guesswork simply doesn’t work!

So, how can you break free from this cycle of losses

Generally I will bet when I get a good prediction based on my own research, for example a meeting between the two teams in football and I will see the chances of winning first before deciding to bet. There is no way to get out of the cycle of losing in gambling because there are times when we experience mistakes in making winning predictions. If your concern is how someone can get out of the cycle of losing, then gambling is not their place because we consciously know that gambling cannot always produce a win even though there is a method as a prediction.

Humans are often emotional and try to bet on an unnatural amount and although analytically, support and predictions for certain teams can bring victory for them. The fact is that even though we often experience defeat at gambling, but there is always no way to ignore it that's why gambling is considered very erratic and often deals with luck.

[DaNNy001]

First and foremost, gambling is always depend on luck.

Gambling is definitely a game of luck. But here we are talking about sports betting. Sports betting can be considered as both game of luck and skill. As in sports betting you need to analyse the sports event, do calculations and then only bet in it. So if a bettor is losing, then it only proves that he doesn’t have required knowledge on that particular sport. To be honest, now for a few days I haven’t seen many gamblers losing money on sports betting, yes they bet on odds with less returns, but never seen losing more than winning.

Are really sure about this statement of yours. Like you said before gambling is purely based on luck and that's how the game really is and their is special function you can use to activate your winning although I won't lie I have seen some gamblers who tend to increase their stake volume and reduce the odds in which they bet on but the fact is that sometimes the games still goes wrong and favours the house instead of them.

[pawel7777]

Generally I will bet when I get a good prediction based on my own research, for example a meeting between the two teams in football and I will see the chances of winning first before deciding to bet.

Chance of winning alone is definitely not enough and is probably the main reason why so many people lose money. What you need to be looking at is the relation of payout rate to the chance of winning (Expected Value of the bet). So what if the team A has 90% chance of winning if the odds are set at x1.05. This wouldn't be a good bet to make. And if the team B has only 10% chance of winning, but the odds are set at x15.0 - that'd be a good value bet.

[Fredomago]

Generally I will bet when I get a good prediction based on my own research, for example a meeting between the two teams in football and I will see the chances of winning first before deciding to bet.

Chance of winning alone is definitely not enough and is probably the main reason why so many people lose money. What you need to be looking at is the relation of payout rate to the chance of winning (Expected Value of the bet). So what if the team A has 90% chance of winning if the odds are set at x1.05. This wouldn't be a good bet to make. And if the team B has only 10% chance of winning, but the odds are set at x15.0 - that'd be a good value bet.

Finding a value and deciding where to place your money is really tough. If it's just base from the odd maybe there are more gamblers who can easily assess and manage it and take more money out from the bookies, but in reality it's not. There are more losers the very reason why we keep on seeing more bookies / sports betting that being introduced and keeps of attracting gamblers to use the service.

You need to have that good control inside you, and the right knowledge to guide you in pinking the right game that fits to your understanding.

[mirakal]

Placing bets based on guesswork simply doesn’t work!

Everyone will bet when they get a good prediction and in this prediction gamblers usually always do research and analysis.
Even though it doesn't guarantee a win but such way is better than just guessing randomly to risk some money.

So, how can you break free from this cycle of losses?

No one can escape the cycle of losses because in the gambling industry all that is written before their eyes is defeat.
The only thing gamblers can do is reduce losses so that they are not too large.

Whatever type of gambling you’re into, the fact that you gamble means you allow yourself to lose. And there’s no way we can break that. That’s the reason why a gambler should only spend his spare money, because even if his intention is to get entertained, still he is losing his money for that.

Gamblers should be aware that there strong design to deceive when gambling. That’s why no matter how you see yourself winning in the middle of the game, in the end, you are still the one being taken advantage because what you won are just slowly returning to the house until you used up all what you got.

[Westinhome]

Finding a value and deciding where to place your money is really tough. If it's just base from the odd maybe there are more gamblers who can easily assess and manage it and take more money out from the bookies, but in reality it's not. There are more losers the very reason why we keep on seeing more bookies / sports betting that being introduced and keeps of attracting gamblers to use the service.

You need to have that good control inside you, and the right knowledge to guide you in pinking the right game that fits to your understanding.

It's true,keeping the bet amount place is very important one.Many people misplace the betting and leads to lose of their money in the gambling.The sports bet also had same like the normal,when you place the bet,you should it's correct place or not.The odds can be followed only if it's seems legit and acceptable,So don't follow the odds.Only follow your mind saying words.Sometimes it will give you unexpected profit,loss can be possible both in the odds and the mind saying value.Choose the mind saying value for your mind satisfaction.

[ethereumhunter]

out of 10 wins I think there will be some losses and its not sure if the wins are worth the losses because even though betting strictly on every sport does not guarantee always wins.
I know what you mean if a gambler gets a big win from gambling or gets a win every day after that the winnings are invested elsewhere which has a little risk that does not mean he not believe in his skills but he only thinks in the long term and someone does this have a good mindset to manage their finances. so gamblers like this can be said to be professional gamblers.

Maybe there will be more losses than wins. And his losses will be greater than the number of wins he gets. That is why we cannot pin our hopes on gambling for money. Someone who can think of a better future than just depending on one source would be better off having more sources of income so he can earn more money. That's why if someone invests his winning money elsewhere, he wants to change himself so he can live his life calmly and still make money from other sources of income.

Certainly, the exitence of sports bettors who profit consistently isn't just a myth; it's a reality that can't be overlooked. And yes, it would make a certain amount of logical sense that if someone is successful at one endeavor, they might also possess the foresight to diversify their income sources. Interestingly, the universe does have its way of balancing things out. Maybe, just maybe, there's this thing we can call universal luck. It's not about always winning, but about the universe aligning things in your favor, periodically

However, it's essential - and let me stretch this a bit further - really, really essential, to understand that reinvesting your profits is a sound business strategy in almost every domain, not just sports betting. It shows prudence, foresight, and a pinch of that universal luck, perhaps. Speaking of which, healthy gambling is a topic that can't be brushed under the carpet. It’s vital, super vital, to approach sports betting with moderation and a clear mindset. Not just for the pocket, but for the soul and mind as well

Diversification of income sources is their next goal to generate more income. Maybe they think that the gambling world will change, and maybe when those changes happen, they cannot keep up with it due to various factors. So he thought of starting a new business that could become his new source of income without having to depend on gambling.

We can imitate what rich people do. They invest in more than one area. When it's in that area, they can get big profits. They will look for other income sources that they can work on and earn even more. That's how it works and if we can try it, we will also have more sources of income and when the time comes, we can stop working and enjoy passive income, which is our ultimate goal.

[justdimin]

out of 10 wins I think there will be some losses and its not sure if the wins are worth the losses because even though betting strictly on every sport does not guarantee always wins.
I know what you mean if a gambler gets a big win from gambling or gets a win every day after that the winnings are invested elsewhere which has a little risk that does not mean he not believe in his skills but he only thinks in the long term and someone does this have a good mindset to manage their finances. so gamblers like this can be said to be professional gamblers.

That's what you are going to end up with depending on the results and should be considered a bit different. I think it's quite important to calculate the wins accordingly. For example, if a team loses once every 10 games, that means if their odds are 1.40, that makes 9 games to end up with 1 loss equals to end up making a profit.

That is not really an issue and we should bet that, but if teams lose like 3-4 times out of 10, then it would not be a thing that makes on the long run. This is why I think we should consider the situation to be profitable depending on the situation, check what the team is doing and check the odds and based on something like that will end up with a greater return on the long run as well.

[pawanjain]

Generally I will bet when I get a good prediction based on my own research, for example a meeting between the two teams in football and I will see the chances of winning first before deciding to bet.

Chance of winning alone is definitely not enough and is probably the main reason why so many people lose money. What you need to be looking at is the relation of payout rate to the chance of winning (Expected Value of the bet). So what if the team A has 90% chance of winning if the odds are set at x1.05. This wouldn't be a good bet to make. And if the team B has only 10% chance of winning, but the odds are set at x15.0 - that'd be a good value bet.

Although that is definitely true that the odds of winning are relatively low on the player's side but another major reason is the habit that gamblers develop to keep playing.
Despite knowing that they are losing most of their bets they still tend to keep playing losing more. This is why the losses always overcome the profits.
This is why 90% gamblers lose money in the long term.

[tusandii]

Placing bets based on guesswork simply doesn’t work!

Everyone will bet when they get a good prediction and in this prediction gamblers usually always do research and analysis.
Even though it doesn't guarantee a win but such way is better than just guessing randomly to risk some money.

So, how can you break free from this cycle of losses?

No one can escape the cycle of losses because in the gambling industry all that is written before their eyes is defeat.
The only thing gamblers can do is reduce losses so that they are not too large.

Whatever type of gambling you’re into, the fact that you gamble means you allow yourself to lose. And there’s no way we can break that. That’s the reason why a gambler should only spend his spare money, because even if his intention is to get entertained, still he is losing his money for that.

Gamblers should be aware that there strong design to deceive when gambling. That’s why no matter how you see yourself winning in the middle of the game, in the end, you are still the one being taken advantage because what you won are just slowly returning to the house until you used up all what you got.

That's right, that's why I often say that being ready to gamble means being ready to lose, being willing to bet means being willing to lose money because in truth, in gambling, only risks are always in plain sight, while these risks are related to financial mentality and emotional feelings, so anyone who has goals and starts Gambling activities must be prepared for everything that can happen at any time.
Whether it's just temporary or for a long time, it's clear that gambling will never really provide an advantage and don't expect to be able to get back in full what you have lost in gambling.
To say that there is a strong design to cheat is actually not quite right because casinos are a business to make money and we are aware of this plus there is no compulsion or invitation to continue gambling so the fault is not with the casino but lies with the gambler himself who cannot accept defeat and have wrong goals when in the gambling industry.

[noormcs5]

Generally I will bet when I get a good prediction based on my own research, for example a meeting between the two teams in football and I will see the chances of winning first before deciding to bet.

Chance of winning alone is definitely not enough and is probably the main reason why so many people lose money. What you need to be looking at is the relation of payout rate to the chance of winning (Expected Value of the bet). So what if the team A has 90% chance of winning if the odds are set at x1.05. This wouldn't be a good bet to make. And if the team B has only 10% chance of winning, but the odds are set at x15.0 - that'd be a good value bet.

Although that is definitely true that the odds of winning are relatively low on the player's side but another major reason is the habit that gamblers develop to keep playing.
Despite knowing that they are losing most of their bets they still tend to keep playing losing more. This is why the losses always overcome the profits.
This is why 90% gamblers lose money in the long term.

I would say that gamblers will lose both in the long term and short term if they have no exit plan, if they do not have any profit taking plan and if they do not know what percentage of the win needs to be reinvested in the bets and how much you should cash out according to your portfolio.

In the absence of all these things, no gambler can be a winner in a nutshell. Yes, one may get a few wins and feel he is a champion gambler but without the above-mentioned skills, sooner or later he will lose all his profits and even his invested seed money too.

[len01]

-snip

That's what you are going to end up with depending on the results and should be considered a bit different. I think it's quite important to calculate the wins accordingly. For example, if a team loses once every 10 games, that means if their odds are 1.40, that makes 9 games to end up with 1 loss equals to end up making a profit.

That is not really an issue and we should bet that, but if teams lose like 3-4 times out of 10, then it would not be a thing that makes on the long run. This is why I think we should consider the situation to be profitable depending on the situation, check what the team is doing and check the odds and based on something like that will end up with a greater return on the long run as well.

to be more precise, always check or watch the live broadcast of the match to see the actual conditions or situation in the match so that when we see a situation that is going to get bad maybe we are better off cash out from several teams that have already won rather than having to continue betting but end up in doubts of losing . we can do anything to make a profit in sports betting but the problem is if its a multi bet, of course the odds will be higher and more profitable but the risk borne is also very large. so we also have to have some efforts to find ways not to lose too much by cashing out the winning money that has been obtained.

but I understand this condition because sometimes bettors become more aggressive and greedy in wanting to get bigger wins so that the profits from sports betting are not immediately used for other investments but instead are used to bet again with the hope of getting even bigger.

[lizarder]

Chance of winning alone is definitely not enough and is probably the main reason why so many people lose money. What you need to be looking at is the relation of payout rate to the chance of winning (Expected Value of the bet).

Every prediction that we make must look at the results of the previous match and try to see what percentage the odds are for both the previous match and the upcoming match. I don't understand how do you mean the relationship between the payout rate and the odds of winning at the expected bet value. Is do you mean how the casino pays for each win?

So what if the team A has 90% chance of winning if the odds are set at x1.05. This wouldn't be a good bet to make. And if the team B has only 10% chance of winning, but the odds are set at x15.0 - that'd be a good value bet.

If that's you then will bet on plen A or plen B, I also know that many people look at the odds on every prediction given by the site and they will try to analyze the match before deciding to bet. So many people see the same opportunity in the predictions given, but I also don't forget my own instincts before deciding to bet on a particular match.

Finding a value and deciding where to place your money is really tough. If it's just base from the odd maybe there are more gamblers who can easily assess and manage it and take more money out from the bookies, but in reality it's not. There are more losers the very reason why we keep on seeing more bookies / sports betting that being introduced and keeps of attracting gamblers to use the service.

You need to have that good control inside you, and the right knowledge to guide you in pinking the right game that fits to your understanding.

That is what is called gambling and there is nothing easy in determining the value before deciding to place money on certain bets. Certainly gamblers will never be able to surpass the dealer in case of winning and that's why people say it's better to be a dealer than to be an active gambler. The job of a bookie or gambling site is always to serve customers to make money for them and that's how they make a profit every day.

If you lose control in gambling, the risk of loss will be the responsibility of the gambler himself, therefore a gambler must be able to be responsible for the gambling he is living. Compared to other gambling games, football is a much more rational gamble because we make our own predictions about the outcome and don't completely rely on luck to win the bet.

[piebeyb]

but I understand this condition because sometimes bettors become more aggressive and greedy in wanting to get bigger wins so that the profits from sports betting are not immediately used for other investments but instead are used to bet again with the hope of getting even bigger.

that's something that usually happens to bettors because we as humans still have greedy nature so that every win will never be satisfied and keep on risking the winning money to bet again so we can get bigger money, but in fact most lose in the long run if you still use With such a betting style, the bettor must know when to bet and when to stop betting.

I'm not a hypocrite with all of that, sometimes I also still do things that every time I get a win, I always feel dissatisfied and keep betting again to get bigger wins than before, that's because I also experienced the same thing and had experiences like that, just sharing stories. that every bettor should be able to set targeted wins so that they can withdraw the winning money and use it for investment, then come back in a few days to bet again. it has to be long term

[Ojima-ojo]

Sports betting doesn't really involve guess work. I think this aspect of betting is more dependent on analysis of the games to be played if it is football etc, you go for the previous performance, head to head and many other analytical factors to have a reason to bet in favour of a particular team.

Sport bet does also consist of luck due to the underlying factors that could make a game go either ways that can best the possibilities in your analysis of the games, i agree with the truth that analysis is one of the vital tool in sports betting considering how available football histories are and clubs previous statistics can easily be monitored and that can influence your decision on which team to give the winning to and what are the possible odds to do that.


Football games are the easiest to predict sports since football has larger fans and its discussions are readily available such as the past match analysis features and players' skills., all that contribute to what makes the decisions of the bettor

I don't believe sports betting involves mathematical models based on probabilities that are out of the more practical experience in the past. However, it is not only sports betting that has such a losing rate but it is across the games including casinos.

When it comes to losing rate, all gambling has the same losing rate because of the unpredictability of games,  this has made it hard to stake right even if all your calculations in terms of odds and the rest of what have you, but even at that you still need to depend largely on luck to be able to win.


Sometimes, what affects sports bettors most is their inability to take decisions at the right time and this is what we all must have to look into in our attempt to discuss the possible cases of high losing rates compared to the winning rate.

[Blitzboy]

-snip

That's what you are going to end up with depending on the results and should be considered a bit different. I think it's quite important to calculate the wins accordingly. For example, if a team loses once every 10 games, that means if their odds are 1.40, that makes 9 games to end up with 1 loss equals to end up making a profit.

That is not really an issue and we should bet that, but if teams lose like 3-4 times out of 10, then it would not be a thing that makes on the long run. This is why I think we should consider the situation to be profitable depending on the situation, check what the team is doing and check the odds and based on something like that will end up with a greater return on the long run as well.

to be more precise, always check or watch the live broadcast of the match to see the actual conditions or situation in the match so that when we see a situation that is going to get bad maybe we are better off cash out from several teams that have already won rather than having to continue betting but end up in doubts of losing . we can do anything to make a profit in sports betting but the problem is if its a multi bet, of course the odds will be higher and more profitable but the risk borne is also very large. so we also have to have some efforts to find ways not to lose too much by cashing out the winning money that has been obtained.

but I understand this condition because sometimes bettors become more aggressive and greedy in wanting to get bigger wins so that the profits from sports betting are not immediately used for other investments but instead are used to bet again with the hope of getting even bigger.

So, you think watching a live broadcast will somehow protect your bet from going south? There's a difference between strategy and wishful thinking. Relying on a live broadcast might give you a sense of the game's flow, but its no insurance policy. And as for cashing out on teams that have already won - thats just a mechanism to protect your fragile confidence.

Higher odds in multi bets obviously mean higher risks; thats Gambling 101. But if you’re not up for the risk, maybe sports betting isnt your game. It sounds like a lack of discipline and strategy on the bettor's part rather than a flaw in the system. Instead of constantly seeking "efforts" to minimize loss, maybe it's time for a change in approach. Stop throwing good money after bad.

[LUCKMCFLY]

-snip

That's what you are going to end up with depending on the results and should be considered a bit different. I think it's quite important to calculate the wins accordingly. For example, if a team loses once every 10 games, that means if their odds are 1.40, that makes 9 games to end up with 1 loss equals to end up making a profit.

That is not really an issue and we should bet that, but if teams lose like 3-4 times out of 10, then it would not be a thing that makes on the long run. This is why I think we should consider the situation to be profitable depending on the situation, check what the team is doing and check the odds and based on something like that will end up with a greater return on the long run as well.

to be more precise, always check or watch the live broadcast of the match to see the actual conditions or situation in the match so that when we see a situation that is going to get bad maybe we are better off cash out from several teams that have already won rather than having to continue betting but end up in doubts of losing . we can do anything to make a profit in sports betting but the problem is if its a multi bet, of course the odds will be higher and more profitable but the risk borne is also very large. so we also have to have some efforts to find ways not to lose too much by cashing out the winning money that has been obtained.

but I understand this condition because sometimes bettors become more aggressive and greedy in wanting to get bigger wins so that the profits from sports betting are not immediately used for other investments but instead are used to bet again with the hope of getting even bigger.

So, you think watching a live broadcast will somehow protect your bet from going south? There's a difference between strategy and wishful thinking. Relying on a live broadcast might give you a sense of the game's flow, but its no insurance policy. And as for cashing out on teams that have already won - thats just a mechanism to protect your fragile confidence.

Higher odds in multi bets obviously mean higher risks; thats Gambling 101. But if you’re not up for the risk, maybe sports betting isnt your game. It sounds like a lack of discipline and strategy on the bettor's part rather than a flaw in the system. Instead of constantly seeking "efforts" to minimize loss, maybe it's time for a change in approach. Stop throwing good money after bad.

Well, in betting, we will always have a different position from the style of games of others, now, for us, we will guide through a live broadcast, things can be counterproductive, it is known that in a live broadcast, some do it just to be able to monetizing, winning and risking money and I go out when the streamer makes his decision to do it, if we assume the responsibility of what it means to do it, it can happen that he wins or loses, the live transmission is a means that is used to be able to do many things and also have a guide, but it does not mean that it is the right thing, we are also saying that this 90% of the players lose in the long term for me it can be much more than 90%, because each time it is done a bet and it is not won, then the person seeks to do more things to recover the lost money, but that becomes a double-edged sword that I do not recommend, also in the long term it is difficult to have a statistic, unless the player Whenever you play, record everything and have that statistic for him, although currently the casinos have game records where they keep the statistics of each one.

In this instance, that statistic of 90% of players lose in the long term is very true for me, and I don't know what basis you can take it on, because there are players who bet little money, medium money and others who bet a lot of money , which at least I don't do because I know what my capabilities are and that is something that I would not risk, this has a lot of analogy with trading, because trading also handles statistics similar to that of the game, only that the mere fact of Being trading all things change, and from every point of view things are not the same.

I am one of those who do not have control or statistics of their games, I do not know how much I have lost, how much I have won, but in the game who would not want to not belong to that statistic? It is difficult, but each player must make his own strategy so that he does not belong there.

[len01]

-snip

I'm not a hypocrite with all of that, sometimes I also still do things that every time I get a win, I always feel dissatisfied and keep betting again to get bigger wins than before, that's because I also experienced the same thing and had experiences like that, just sharing stories. that every bettor should be able to set targeted wins so that they can withdraw the winning money and use it for investment, then come back in a few days to bet again. it has to be long term

well, here a simple but very correct answer. planning wins or planning for any losses that must be managed neatly to avoid regrets due to defeats in the long term. this method is usually used for professional gamblers to manage finances in gambling so that it is not too risky within the specified period.

So, you think watching a live broadcast will somehow protect your bet from going south? There's a difference between strategy and wishful thinking. Relying on a live broadcast might give you a sense of the game's flow, but its no insurance policy. And as for cashing out on teams that have already won - thats just a mechanism to protect your fragile confidence.

maybe you do not understand what I mean here.
I mean when choosing several teams to include in the bet slip and several teams have won but the last match is still ongoing you watch the broadcast of the match see the condition of the team you choose is in a bad situation you still have the opportunity to cash out instead of having to lose all the money and wins that have already been won.
this goal is not out of fragile self-esteem but what gambler would gamble only to lose all his money and luck? although a gambler who bets for fun he also wants to win from his bet.
as told by the OP, several of the teams selected have won and large amounts of money are in sight, its like luck and if you have the opportunity to cash out, why not?

Higher odds in multi bets obviously mean higher risks; thats Gambling 101. But if you’re not up for the risk, maybe sports betting isnt your game. It sounds like a lack of discipline and strategy on the bettor's part rather than a flaw in the system. Instead of constantly seeking "efforts" to minimize loss, maybe it's time for a change in approach. Stop throwing good money after bad.

indeed gambling is a risky place and maybe your life is also at risk but if you have chosen to make all the bets you really have to accept all the risks. but its not about whose sports betting is not about risk but its about why bettors lose in the long run right?
so its only natural that any gambler who bets on sports betting is looking for any effort to minimize losses because I tell you as an ordinary gambler, not an addict. maybe a gambling addict will continue to gamble, taking every risk, regardless of whether he is confident or not, the most important thing is that he bets to satisfy his addiction. maybe this is obvious.

[Maslate]

-snip

That's what you are going to end up with depending on the results and should be considered a bit different. I think it's quite important to calculate the wins accordingly. For example, if a team loses once every 10 games, that means if their odds are 1.40, that makes 9 games to end up with 1 loss equals to end up making a profit.

That is not really an issue and we should bet that, but if teams lose like 3-4 times out of 10, then it would not be a thing that makes on the long run. This is why I think we should consider the situation to be profitable depending on the situation, check what the team is doing and check the odds and based on something like that will end up with a greater return on the long run as well.

to be more precise, always check or watch the live broadcast of the match to see the actual conditions or situation in the match so that when we see a situation that is going to get bad maybe we are better off cash out from several teams that have already won rather than having to continue betting but end up in doubts of losing . we can do anything to make a profit in sports betting but the problem is if its a multi bet, of course the odds will be higher and more profitable but the risk borne is also very large. so we also have to have some efforts to find ways not to lose too much by cashing out the winning money that has been obtained.

but I understand this condition because sometimes bettors become more aggressive and greedy in wanting to get bigger wins so that the profits from sports betting are not immediately used for other investments but instead are used to bet again with the hope of getting even bigger.

So, you think watching a live broadcast will somehow protect your bet from going south? There's a difference between strategy and wishful thinking. Relying on a live broadcast might give you a sense of the game's flow, but its no insurance policy. And as for cashing out on teams that have already won - thats just a mechanism to protect your fragile confidence.

Higher odds in multi bets obviously mean higher risks; thats Gambling 101. But if you’re not up for the risk, maybe sports betting isnt your game. It sounds like a lack of discipline and strategy on the bettor's part rather than a flaw in the system. Instead of constantly seeking "efforts" to minimize loss, maybe it's time for a change in approach. Stop throwing good money after bad.

It seems that there is a misunderstanding here mate because I honestly think that @len01 is saying differently, so different that you have misunderstood his comment.

It's not a wishful thinking nor a guarantee that watching a live broadcast will help you to win those bets or to prevent those bets from going South because first off, nothing will go South if you don't have any bets on a certain game to begin with. Watch live broadcast will help you analyze the situation and will help you to make a better decision so that you will not lose your bet.

[bittraffic]

-snip

That's what you are going to end up with depending on the results and should be considered a bit different. I think it's quite important to calculate the wins accordingly. For example, if a team loses once every 10 games, that means if their odds are 1.40, that makes 9 games to end up with 1 loss equals to end up making a profit.

That is not really an issue and we should bet that, but if teams lose like 3-4 times out of 10, then it would not be a thing that makes on the long run. This is why I think we should consider the situation to be profitable depending on the situation, check what the team is doing and check the odds and based on something like that will end up with a greater return on the long run as well.

to be more precise, always check or watch the live broadcast of the match to see the actual conditions or situation in the match so that when we see a situation that is going to get bad maybe we are better off cash out from several teams that have already won rather than having to continue betting but end up in doubts of losing . we can do anything to make a profit in sports betting but the problem is if its a multi bet, of course the odds will be higher and more profitable but the risk borne is also very large. so we also have to have some efforts to find ways not to lose too much by cashing out the winning money that has been obtained.

but I understand this condition because sometimes bettors become more aggressive and greedy in wanting to get bigger wins so that the profits from sports betting are not immediately used for other investments but instead are used to bet again with the hope of getting even bigger.

So, you think watching a live broadcast will somehow protect your bet from going south? There's a difference between strategy and wishful thinking. Relying on a live broadcast might give you a sense of the game's flow, but its no insurance policy. And as for cashing out on teams that have already won - thats just a mechanism to protect your fragile confidence.

Higher odds in multi bets obviously mean higher risks; thats Gambling 101. But if you’re not up for the risk, maybe sports betting isnt your game. It sounds like a lack of discipline and strategy on the bettor's part rather than a flaw in the system. Instead of constantly seeking "efforts" to minimize loss, maybe it's time for a change in approach. Stop throwing good money after bad.

It seems that there is a misunderstanding here mate because I honestly think that @len01 is saying differently, so different that you have misunderstood his comment.

It's not a wishful thinking nor a guarantee that watching a live broadcast will help you to win those bets or to prevent those bets from going South because first off, nothing will go South if you don't have any bets on a certain game to begin with. Watch live broadcast will help you analyze the situation and will help you to make a better decision so that you will not lose your bet.

I think he meant to minimize the loss if you cash out once you see the match looks too one-sided to win. Somehow your coins will not be robbed from you, just think of it like you are not a spectator in the game to wait and lose but you have the power to also play around.

But you know it pays to be a fan o the sports, know the game, and know the athletes. It's kind of easy to compare it to a boxing match where you can see Crawford has the edge over Spence by watching sports analyst.

[tusandii]

-snip

I'm not a hypocrite with all of that, sometimes I also still do things that every time I get a win, I always feel dissatisfied and keep betting again to get bigger wins than before, that's because I also experienced the same thing and had experiences like that, just sharing stories. that every bettor should be able to set targeted wins so that they can withdraw the winning money and use it for investment, then come back in a few days to bet again. it has to be long term

well, here a simple but very correct answer. planning wins or planning for any losses that must be managed neatly to avoid regrets due to defeats in the long term. this method is usually used for professional gamblers to manage finances in gambling so that it is not too risky within the specified period.

We all know that winning is greatly influenced by luck and when one day we don't get luck and have a winning target, are we also going to keep betting until we reach the predetermined winning target while there is a loss of money in every defeat, sorry I'm lacking agree with this kind of way or thought when gambling.
But when we gamble and don't know when we get a win and then stop to withdraw some of the winning money, it's better in my opinion without having to target wins that we can't have for sure.
Setting a winning target would likely be akin to being greedy.

I know professional gamblers must have their own way when it comes to gambling, but all of that is based on experience and sufficient capital which can allow professional gamblers to accept every risk and regulate the actions that must be taken when winning.

[len01]

@Maslate @bittraffic yep, that's what I mean here. so its not wishful thinking or any guarantee but this is about ways to minimize losses when betting on sports betting even though everyone has a different fate because even though we have seen the live broadcast of the match we cannot cash out because the live broadcast with the sportbook platform has a few minutes pause so we can not cash out.
its just that Im saying this so as not to lose too much in the long term.

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We all know that winning is greatly influenced by luck and when one day we don't get luck and have a winning target, are we also going to keep betting until we reach the predetermined winning target while there is a loss of money in every defeat, sorry I'm lacking agree with this kind of way or thought when gambling.
But when we gamble and don't know when we get a win and then stop to withdraw some of the winning money, it's better in my opinion without having to target wins that we can't have for sure.
Setting a winning target would likely be akin to being greedy.
I know professional gamblers must have their own way when it comes to gambling, but all of that is based on experience and sufficient capital which can allow professional gamblers to accept every risk and regulate the actions that must be taken when winning.

try to read and understand carefully before commenting and I want to ask you whether planning and targeting are the same?
Im here talking about planning in the sense of planning win limits and planning loss limits. and also @piebeyb has the same intention as I said when he is lucky to get a win he has a winning limit that he must reach after that withdrawing funds from the site does not mean the target has to continue betting to reach the winning target. until here you understand?

you say something contrary to your own words. if indeed you do not know when you will win, why do you withdraw your winnings?
if you do not know when you will win, its better not to bet and leave gambling. quite simple

setting a winning target would likely be akin to being greedy? Lol Im not saying anything about greed here.

so, when you want to become a professional gambler, you have to have a big budget? is a $1k-2k budget not enough to be a professional gambler?

Professional gamblers are not judged by the amount of budget they have, but professional gamblers who have expertise in betting without having to lose in the long term and always plan every time they place a bet.

[alexluthor]

I agree. I mean, in these day and age where things are getting more modern and modern, hearing about professional gamblers is not already new to our ears but it will always struck us how did they manage to keep their financials and career on the up and up. I know it's not that easy because there are no guarantees in this space and our chances is much lesser because of the fact, still there are some who people are successful on their path and I admire them for that.

If you're a winner, the bookmaker will eventually restrict your account. Therefore, it becomes necessary to create multiple accounts.

Conversely, if you're a loser, the bookmaker may offer higher limits and bonuses.

That sums it up.

[Mauser]

but I understand this condition because sometimes bettors become more aggressive and greedy in wanting to get bigger wins so that the profits from sports betting are not immediately used for other investments but instead are used to bet again with the hope of getting even bigger.

that's something that usually happens to bettors because we as humans still have greedy nature so that every win will never be satisfied and keep on risking the winning money to bet again so we can get bigger money, but in fact most lose in the long run if you still use With such a betting style, the bettor must know when to bet and when to stop betting.

I'm not a hypocrite with all of that, sometimes I also still do things that every time I get a win, I always feel dissatisfied and keep betting again to get bigger wins than before, that's because I also experienced the same thing and had experiences like that, just sharing stories. that every bettor should be able to set targeted wins so that they can withdraw the winning money and use it for investment, then come back in a few days to bet again. it has to be long term

While it's probably true that many gamblers like to increase their betting sizes with their winnings they make. I also think that there are is a large fraction of gamblers that are more disciplined and save some of their winnings. At least for me and most of my friends that like to place bets on sport games, we have a group bet on big tournaments where everybody puts in 10 USD. We have been doing this for a long time and when we win, we still keep betting only the initial 10 USD and have a few beers with the winnings. To me the 90% of people losing seems like a way to high number. There must be many more people that only bet on large tournaments and focus on save bets, where the chance of losing is fairly small.  And like you said people that only are using sports bets to make money, will take out winnings to invest them in other things too, for long term profits outside of gambling.

[Westinhome]

While it's probably true that many gamblers like to increase their betting sizes with their winnings they make. I also think that there are is a large fraction of gamblers that are more disciplined and save some of their winnings. At least for me and most of my friends that like to place bets on sport games, we have a group bet on big tournaments where everybody puts in 10 USD. We have been doing this for a long time and when we win, we still keep betting only the initial 10 USD and have a few beers with the winnings. To me the 90% of people losing seems like a way to high number. There must be many more people that only bet on large tournaments and focus on save bets, where the chance of losing is fairly small.  And like you said people that only are using sports bets to make money, will take out winnings to invest them in other things too, for long term profits outside of gambling.

Some people do increase the betting on the same game and it leads to huge loss.It's essential one to save some money for the future gambling.The should have an disciplined game with certain interval on the game.So they won't loss the hope to get back the loss money.The potential to recover the loss money from the same gambling will be the character of the experienced gamblers.As like trading of cryptocurrency with the ten dollars,many gambling games was their below five dollars to ten dollars.The only difference is the winning money from the low bet will be lower as compared to the winnings of the high bets.

[pawel7777]

Some people do increase the betting on the same game and it leads to huge loss.It's essential one to save some money for the future gambling.The should have an disciplined game with certain interval on the game.

Bankroll management is a complex topic, but I wouldn't say there's any inherent value in saving some money for the future betting. If you spot an amazing opportunity of a high value bet that does not come too often - there's nothing wrong in putting all your available gambling funds on it, provided that money is earmarked for gambling and you can afford to lose it.
The priority should be to aim for the maximisation of the profit and not to last long just for the sake of it.

[alexluthor]

there's nothing wrong in putting all your available gambling funds on it

very good strategy

[ethereumhunter]

Some people do increase the betting on the same game and it leads to huge loss.It's essential one to save some money for the future gambling.The should have an disciplined game with certain interval on the game.So they won't loss the hope to get back the loss money.The potential to recover the loss money from the same gambling will be the character of the experienced gamblers.As like trading of cryptocurrency with the ten dollars,many gambling games was their below five dollars to ten dollars.The only difference is the winning money from the low bet will be lower as compared to the winnings of the high bets.

Increasing the number of bets in the same game will not guarantee a win, especially in luck-based gambling games because everything depends on the luck of each gambler. There may be gamblers who can win by increasing the stakes but most gamblers will only experience bigger losses. They must estimate their spending on gambling and it is not feasible to increase the bet amount if the result is the same as before and will give a bigger loss. It's best to stick with low stakes and not try to chase a win because it will be difficult.

[Maslate]

I agree. I mean, in these day and age where things are getting more modern and modern, hearing about professional gamblers is not already new to our ears but it will always struck us how did they manage to keep their financials and career on the up and up. I know it's not that easy because there are no guarantees in this space and our chances is much lesser because of the fact, still there are some who people are successful on their path and I admire them for that.

If you're a winner, the bookmaker will eventually restrict your account. Therefore, it becomes necessary to create multiple accounts.

Conversely, if you're a loser, the bookmaker may offer higher limits and bonuses.

That sums it up.

To make it easy to understand, what they are doing is hating winners and loving losers. The reason they are so profitable is that the majority of gamblers are losers. This is normal, I suppose, because they are the ones running the business. With this advantage, they will certainly win in the long run.

One of the main reasons they become more profitable is that we gamble irresponsibly. There's a saying that you should gamble based on what you can afford to lose, but sometimes we go beyond that. That's stupid.

[len01]

but I understand this condition because sometimes bettors become more aggressive and greedy in wanting to get bigger wins so that the profits from sports betting are not immediately used for other investments but instead are used to bet again with the hope of getting even bigger.

that's something that usually happens to bettors because we as humans still have greedy nature so that every win will never be satisfied and keep on risking the winning money to bet again so we can get bigger money, but in fact most lose in the long run if you still use With such a betting style, the bettor must know when to bet and when to stop betting.

I'm not a hypocrite with all of that, sometimes I also still do things that every time I get a win, I always feel dissatisfied and keep betting again to get bigger wins than before, that's because I also experienced the same thing and had experiences like that, just sharing stories. that every bettor should be able to set targeted wins so that they can withdraw the winning money and use it for investment, then come back in a few days to bet again. it has to be long term

While it's probably true that many gamblers like to increase their betting sizes with their winnings they make. I also think that there are is a large fraction of gamblers that are more disciplined and save some of their winnings. At least for me and most of my friends that like to place bets on sport games, we have a group bet on big tournaments where everybody puts in 10 USD. We have been doing this for a long time and when we win, we still keep betting only the initial 10 USD and have a few beers with the winnings. To me the 90% of people losing seems like a way to high number. There must be many more people that only bet on large tournaments and focus on save bets, where the chance of losing is fairly small.  And like you said people that only are using sports bets to make money, will take out winnings to invest them in other things too, for long term profits outside of gambling.

maybe if you bet just for fun without betting every day and only once a month or once a week it does not matter if you increase the bet amount but if you do it every day its very bad for me.
and regarding betting with your friends in a certain group it sounds like pooling money with your friends and when you win share the results fairly. Is it true ?
if that true it fine as long as you use a small amount of $10 and risk with your friends like for fun but to me it seems a bit difficult because in the end it will be greedy again. I mean like myself if I bet with friends to collect money in a certain group and see my friends betting more than $50 I think it looks like I also have to bet more than that and when I lose I will definitely regret it too.

[jostorres]

but I understand this condition because sometimes bettors become more aggressive and greedy in wanting to get bigger wins so that the profits from sports betting are not immediately used for other investments but instead are used to bet again with the hope of getting even bigger.

that's something that usually happens to bettors because we as humans still have greedy nature so that every win will never be satisfied and keep on risking the winning money to bet again so we can get bigger money, but in fact most lose in the long run if you still use With such a betting style, the bettor must know when to bet and when to stop betting.

I'm not a hypocrite with all of that, sometimes I also still do things that every time I get a win, I always feel dissatisfied and keep betting again to get bigger wins than before, that's because I also experienced the same thing and had experiences like that, just sharing stories. that every bettor should be able to set targeted wins so that they can withdraw the winning money and use it for investment, then come back in a few days to bet again. it has to be long term

I remember a guy who posted here in the forum that he made $90k from just $4k by following the pattern of betting with all the money won from the previous bet in the next bet, and when he made the bet with $90k, he lost it all. He also mentioned that he had made about $400k once using the same pattern. I don't understand what's the point of winning so much money if you are losing it all at the end of the day and aren't using it for something useful in your life.

A lot of gamblers manage to win significant amounts of money with just a small amount but they never stop and withdraw that money but lose it all again to the house, such wins are basically useless unless someone learns to control their greed and starts practicing the perfect time to stop when gambling.

[alexluthor]

but I understand this condition because sometimes bettors become more aggressive and greedy in wanting to get bigger wins so that the profits from sports betting are not immediately used for other investments but instead are used to bet again with the hope of getting even bigger.

that's something that usually happens to bettors because we as humans still have greedy nature so that every win will never be satisfied and keep on risking the winning money to bet again so we can get bigger money, but in fact most lose in the long run if you still use With such a betting style, the bettor must know when to bet and when to stop betting.

I'm not a hypocrite with all of that, sometimes I also still do things that every time I get a win, I always feel dissatisfied and keep betting again to get bigger wins than before, that's because I also experienced the same thing and had experiences like that, just sharing stories. that every bettor should be able to set targeted wins so that they can withdraw the winning money and use it for investment, then come back in a few days to bet again. it has to be long term

I remember a guy who posted here in the forum that he made $90k from just $4k by following the pattern of betting with all the money won from the previous bet in the next bet, and when he made the bet with $90k, he lost it all. He also mentioned that he had made about $400k once using the same pattern. I don't understand what's the point of winning so much money if you are losing it all at the end of the day and aren't using it for something useful in your life.

A lot of gamblers manage to win significant amounts of money with just a small amount but they never stop and withdraw that money but lose it all again to the house, such wins are basically useless unless someone learns to control their greed and starts practicing the perfect time to stop when gambling.

You can bet incorrectly and even win by luck for a long time, but not indefinitely. That's one reason why many people believe they can analyze the market and the teams.

Do you truly believe that you alone can consistently outperform the full-time analysts hired by bookmakers to set the odds?

Only a very small number of professional bettors can eventually achieve this...a very small number.