99% of players will never get rich on bets.

[Furious 7]

I think it's harder to get rich gambling than starting a business. If we analyze the percentage of people who are truly wealthy worldwide, the total is 1%. So I believe the percentage of people who can get rich gambling is much lower than that. I once heard a phrase that makes perfect sense to me: "Take your eyes off the money, and it will come to your pocket," referring to chasing wealth, only seeing what you can earn and not experiencing the process of building it.

Just by looking at the terms and conditions, it's clear that players have a lower win rate than loss rate, while the house edge has a higher win rate and a lower loss rate. But this shouldn't be surprising, as this is normal, as they're seeking profit, and this is a business. If you enjoy gambling, you must set limits and maintain discipline so you don't overdo it. And don't place high expectations on gambling, as this can lead to ruin.
The title, which is op-ed, is a reality, as only a small percentage of people become rich through gambling. In fact, I believe that when someone wins big, their winnings are likely to be lost, even if they've already withdrawn their winnings, but they can still deposit them back.

[Oluwa-btc]

I mean, of course, sports betting. In casino games based on chance, such as roulette, many more people will not be able to get rich - 99.9% or 99.99% or even 99.999%.

Certainly it's obvious that the rate at which players tend to win it's quite fair compared to the countless loses encountered, overtime the reality check on bettors holds it that sports betting has been a thrilling game but got the highest rate of losses than wins which is a more reason I agree to the fact that 99% of players lose more than they gainand since it's not a get rich quick scheme, it'll be hard to achieve that.

[purple_sparkles]

I think it's harder to get rich gambling than starting a business. If we analyze the percentage of people who are truly wealthy worldwide, the total is 1%. So I believe the percentage of people who can get rich gambling is much lower than that. I once heard a phrase that makes perfect sense to me: "Take your eyes off the money, and it will come to your pocket," referring to chasing wealth, only seeing what you can earn and not experiencing the process of building it.

Just by looking at the terms and conditions, it's clear that players have a lower win rate than loss rate, while the house edge has a higher win rate and a lower loss rate. But this shouldn't be surprising, as this is normal, as they're seeking profit, and this is a business. If you enjoy gambling, you must set limits and maintain discipline so you don't overdo it. And don't place high expectations on gambling, as this can lead to ruin.
The title, which is op-ed, is a reality, as only a small percentage of people become rich through gambling. In fact, I believe that when someone wins big, their winnings are likely to be lost, even if they've already withdrawn their winnings, but they can still deposit them back.

I think thet any business should generate profit otherwise, there would be no point in all the effort. It’s better to treat gambling as just a game of luck, if you win, you can spend that money on something that brings joy and pleasure, and if you lose, the amount should be not very big enough that you won’t regret it much. I enjoy playing, but I don’t believe there’s any strategy that can truly make you rich through gambling.

[Free Market Capitalist]

I mean, of course, sports betting. In casino games based on chance, such as roulette, many more people will not be able to get rich - 99.9% or 99.99% or even 99.999%.

Certainly it's obvious that the rate at which players tend to win it's quite fair compared to the countless loses encountered, overtime the reality check on bettors holds it that sports betting has been a thrilling game but got the highest rate of losses than wins which is a more reason I agree to the fact that 99% of players lose more than they gainand since it's not a get rich quick scheme, it'll be hard to achieve that.

If, instead of simply quoting the OP to write your quick post, you had bothered to look at the comments on the first page, you would have seen that I already refuted what the OP said. But unfortunately, it's not uncommon in this forum for a thread to be based on a false premise and turn into a multi-page discussion with people writing without thinking too much.

[Leahized]

This is actually a fact, only a little percent of the population of gamblers can make significant profit from gambling and this is just as a result of luck. A wise gambler is supposed to know that gambling is a game that's centered around luck and a lot of gamblers might not experience luck while others might. My advice to people is, don't gamble with the aim to get rich just enjoy the game instead

Yes, we all should always know that gambling can never make more money. However, in some cases it is possible to win a large number based on fate.  It is important to be aware of our strategies about our bet before betting. Bad is usually on the two sides, one is the opposite for our own. Always keep in mind that the most money bet has been caught in a side. It should be avoided, because Casino is created in a way where they will interfere with more money. Every gamble should be betting on your own, so that it will not be a problem if you lose any money.

[Dr.Osh]

It's hard to determine whether they are lucky or not, indeed genius is needed in sports betting, but that alone is not enough because we only rely on players to win the match, there is no accurate prediction but we can make the risk as minimal as possible, and I don't agree with no one getting rich in sports betting, usually people who are rich in sports will not tell anyone what they predict

[xenomorfo]

I mean, of course, sports betting. In casino games based on chance, such as roulette, many more people will not be able to get rich - 99.9% or 99.99% or even 99.999%. There are many prerequisites for such a forecast. On the one hand, we know the statistics, although they are contradictory. The overwhelming majority of players, approaching 99%, according to various estimates, lose money in sports betting in the long term. If you ask me for links to studies, then, I'm afraid I will have nothing to show you. This is very difficult to do and difficult to achieve truthful results. Not all players are inclined to tell the truth and it will be difficult for an outside researcher to verify. However, the longer the period we take, the more likely it is that the winners are only people who were lucky. So I wonder what motivates people who want to get rich on sports betting if they believe in such a pattern? Do the players sincerely believe in their own exceptionalism and genius?

All calculations that cannot be done, i am not good at calculations but i know for sure that a lot depends on luck, even if you think you can master luck, it is not like that.
Lotto is a popular game in Italy, and people make crazy calculations based on numbers that haven't come up for months. They often even bet on houses and lose everything.
So let's take the game for what it is, a game.

[Dr.Bitcoin_Strange]

It's hard to determine whether they are lucky or not, indeed genius is needed in sports betting, but that alone is not enough because we only rely on players to win the match, there is no accurate prediction but we can make the risk as minimal as possible, and I don't agree with no one getting rich in sports betting, usually people who are rich in sports will not tell anyone what they predict

From my observation, it's only a few people that get rich in sport betting and that's also based on luck, like you already we are only prediction based on how we think the players are going to perform but not that we can certainly determine what would be the outcome because things could go south even when one thinks they have got a good prediction.

[RealNoblee]

Just by looking at the terms and conditions, it's clear that players have a lower win rate than loss rate, while the house edge has a higher win rate and a lower loss rate. But this shouldn't be surprising, as this is normal, as they're seeking profit, and this is a business. If you enjoy gambling, you must set limits and maintain discipline so you don't overdo it. And don't place high expectations on gambling, as this can lead to ruin.
[/quote]


Another factor is how the bookmaker arrange the odds to cover themselves and tempt bettors into going against their own instincts.
For example, if betting on Manchester United to beat Burnley, you will get very badlow odds. To make any decent money, then, you’ll have to put down a huge wager this can still go wrong, either by Burnley pulling off a shock win at the Old Trafford Stadium, or the game resulting in a draw, meaning you lose a lot of money.

Betting on Burnley will get you some relatively good odds (but not so amazing that you could retire on the winnings) so you can place much less money on it – but then you’re likely to be throwing that money away, simply because the likelihood of Burnley winning is so remote. Over a period of time, then, gamblers tend to make too many mistakes and come out down overall.

[Muba20]

It's hard to determine whether they are lucky or not, indeed genius is needed in sports betting, but that alone is not enough because we only rely on players to win the match, there is no accurate prediction but we can make the risk as minimal as possible, and I don't agree with no one getting rich in sports betting, usually people who are rich in sports will not tell anyone what they predict

From my observation, it's only a few people that get rich in sport betting and that's also based on luck, like you already we are only prediction based on how we think the players are going to perform but not that we can certainly determine what would be the outcome because things could go south even when one thinks they have got a good prediction.

If 99% of gamblers win, the gambling companies will lose because they will never be able to pay those gamblers. Therefore, it is natural to assume that the probability of losing is higher than winning in gambling. Only those who can be lucky win. Even if you win one or two bets, there will be a high probability of losing in the next bet. Gambling is not for the purpose of profit, but if we can enjoy gambling that is enough. If anyone is lucky, they will definitely get the opportunity to get much.

[Agbe]

It's hard to determine whether they are lucky or not, indeed genius is needed in sports betting, but that alone is not enough because we only rely on players to win the match, there is no accurate prediction but we can make the risk as minimal as possible, and I don't agree with no one getting rich in sports betting, usually people who are rich in sports will not tell anyone what they predict

From my observation, it's only a few people that get rich in sport betting and that's also based on luck, like you already we are only prediction based on how we think the players are going to perform but not that we can certainly determine what would be the outcome because things could go south even when one thinks they have got a good prediction.

If 99% of gamblers win, the gambling companies will lose because they will never be able to pay those gamblers. Therefore, it is natural to assume that the probability of losing is higher than winning in gambling. Only those who can be lucky win. Even if you win one or two bets, there will be a high probability of losing in the next bet. Gambling is not for the purpose of profit, but if we can enjoy gambling that is enough. If anyone is lucky, they will definitely get the opportunity to get much.

That's true 99% of all gambler's will lose because casino's gain from the losing of the gambler so anytime that a gambler lose the casinos make money and any time that a gambler win the casino loses money that is why gambling is programmed in such a way to favour the casino this is the reason that most gambler's will not make it rich through gambling because the odds are against them

[Etranger]

It's hard to determine whether they are lucky or not, indeed genius is needed in sports betting, but that alone is not enough because we only rely on players to win the match, there is no accurate prediction but we can make the risk as minimal as possible, and I don't agree with no one getting rich in sports betting, usually people who are rich in sports will not tell anyone what they predict

This doesn’t only apply to sports betting but also to other kinds of predictions. With trading, it’s exactly the same, in my opinion. That’s why I don’t believe those who easily publish price change forecasts three times a day. A person who is truly good at making money through any kind of predictions won’t share them with others, because it benefits him when others make opposite forecasts and bets. That way, he will earn more.

[Dr.Bitcoin_Strange]

If 99% of gamblers win, the gambling companies will lose because they will never be able to pay those gamblers. Therefore, it is natural to assume that the probability of losing is higher than winning in gambling. Only those who can be lucky win. Even if you win one or two bets, there will be a high probability of losing in the next bet. Gambling is not for the purpose of profit, but if we can enjoy gambling that is enough. If anyone is lucky, they will definitely get the opportunity to get much.

It's possible that many gamblers can even win almost all the time or even everyday  but the amount of losses they will also get will definitely be higher than their profits and no matter how they win and lose repeatedly, they can not be rich because the casinos house edge only makes the casinos richers while give gives player a very small chance, only the luckiest wins a jackpot.

[Etranger]

It's possible that many gamblers can even win almost all the time or even everyday  but the amount of losses they will also get will definitely be higher than their profits and no matter how they win and lose repeatedly, they can not be rich because the casinos house edge only makes the casinos richers while give gives player a very small chance, only the luckiest wins a jackpot.

It’s also very important to take into account the time frame we are analyzing. A player may hit a jackpot, but lose it along with an additional sum just a week later. Would that person still be considered lucky? I think losses always outweigh wins, because only a very few can stop and actually lock in their winnings. To remain permanently in profit and never play again.

[Bitcoin Smith]

So I wonder what motivates people who want to get rich on sports betting if they believe in such a pattern? Do the players sincerely believe in their own exceptionalism and genius?

Statistically, the longer they play their chances of winning is bigger than a few bets so they keep betting as long as they can. And it is not wrong if they are not betting then they can't win any money right? But also house always wins in the longer runs which is average of all the wagered not the individual rewards so as a individual they can go and try to win some money that is the conclusion why they are betting longer.

[Furious 7]

Just by looking at the terms and conditions, it's clear that players have a lower win rate than loss rate, while the house edge has a higher win rate and a lower loss rate. But this shouldn't be surprising, as this is normal, as they're seeking profit, and this is a business. If you enjoy gambling, you must set limits and maintain discipline so you don't overdo it. And don't place high expectations on gambling, as this can lead to ruin.

Another factor is how the bookmaker arrange the odds to cover themselves and tempt bettors into going against their own instincts.
For example, if betting on Manchester United to beat Burnley, you will get very badlow odds. To make any decent money, then, you’ll have to put down a huge wager this can still go wrong, either by Burnley pulling off a shock win at the Old Trafford Stadium, or the game resulting in a draw, meaning you lose a lot of money.

Betting on Burnley will get you some relatively good odds (but not so amazing that you could retire on the winnings) so you can place much less money on it – but then you’re likely to be throwing that money away, simply because the likelihood of Burnley winning is so remote. Over a period of time, then, gamblers tend to make too many mistakes and come out down overall.

In such cases, only a handful of people with a high level of aggressiveness would do so because personally (I am referring to myself) when there is a bet that is not very comparable, where there is a favorite club with small odds, I always skip the 1x2 and replace it with another bet where the odds are more feasible, such as BTTS or Over/Under. Under. This way, the bets we place remain the same in terms of the amount we've set, and even if the outcome doesn't meet our expectations, we won't feel the loss as acutely as we would with a larger bet, especially for a team that isn't ideally suited for betting due to poor performance, like Manchester United.

Such cases may indeed occur, but not all gamblers do the same, and I am not among them because the bets I place are no more than $5 (and even that is very rare) because I usually bet less than that in matches one session.

 

[red4slash]

So I wonder what motivates people who want to get rich on sports betting if they believe in such a pattern? Do the players sincerely believe in their own exceptionalism and genius?

Statistically, the longer they play their chances of winning is bigger than a few bets so they keep betting as long as they can. And it is not wrong if they are not betting then they can't win any money right? But also house always wins in the longer runs which is average of all the wagered not the individual rewards so as a individual they can go and try to win some money that is the conclusion why they are betting longer.

I don't think so, because looking at the bets we make, it doesn't matter how long or how short we play, but rather how much odds the bookie gives in the bets that will happen later.


Even if we are just starting to play, if the odds offered are high enough, especially for multi bets, it is still very possible for them to occur. Conversely, even if we gamble for a long time, when the odds seem easy, usually for matches that are not too balanced in terms of strength, it is certain that we will only get a small profit because the odds also clearly favor one club.

Therefore, there is no fixed rule regarding how long or short we should gamble, as the situation in betting remains the same, with the odds in the bet serving as the benchmark.

[DaNNy001]

It's hard to determine whether they are lucky or not, indeed genius is needed in sports betting, but that alone is not enough because we only rely on players to win the match, there is no accurate prediction but we can make the risk as minimal as possible, and I don't agree with no one getting rich in sports betting, usually people who are rich in sports will not tell anyone what they predict

From my observation, it's only a few people that get rich in sport betting and that's also based on luck, like you already we are only prediction based on how we think the players are going to perform but not that we can certainly determine what would be the outcome because things could go south even when one thinks they have got a good prediction.

Anyone that gets rich from gambling is a mistake or you can just call it luck because the bookies or casinos don't actually want that...they business only keeps running when gamblers keep on losing..I remember when a punter on Twitter dropped a game using 22 bet platform and more than 1000 persons copied the booking code and placed a bet on it, after much wins they had to settle it was said that they went bankrupt because they didn't have enough to settle all the winners for a couple of months..This tells you that everything is really designed for gamblers to lose