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

[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.

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[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.