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

[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.

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[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.