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

[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.