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

[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.

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[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.