Still aiming for profit in Sports Betting despite losses?

[Julien_Olynpic]

For me, gambling is more of an exploratory hobby. A workshop on probability theory, so to speak. And the more I do it, the more interesting things I discover. I would never have made these small but amazing discoveries if I had never gambled. It's more than just profit. I'd call it intellectual profit. I believe experience is more important than money. Moreover, experience can often be monetized in one way or another, while random profits are easy to lose.

[YOSHIE]

How long have you been betting on sports already?

It's fair to say it's been around for quite a while, probably active for about 6 years, that doesn't count sports betting with fiat, six years only with crypto casinos.

Roughly, how much do you think you’ve lost so far (if you’re okay sharing)?

I don't remember that, because I don't record losses, but every sports bet I place has a win and loss ratio of 5/2, you could say two losses and three wins, that's an average calculation.

And why are you still not giving up on the goal of becoming profitable someday?

For now, I haven't thought about giving up, because sports betting is exciting, because the games we face vary, whether it's the team playing, the opponent and so on. sports betting has real challenges for the gambler himself, that's the excitement, maybe if I win a large amount of sports bets I still place, maybe.

[Hewlet]

Or maybe you already accepted that this is more of a hobby than a business, and profit is just a bonus?

In the midst of your desire to win even though you might have lost for so long, the general acceptance that gambling is not a business helps you to reduce your expectation, accept your wins and not get too bothered when you don't win for so long. As long as it is gambling, there is no guarrantte that winning is assured. you win when you win and take every other outcome the way they present itself knowing fully well the unpredictable nature of gambling.

The rate at which you are profitable while gambling is just a function of luck and a bit of your personal effort that comes as a result of your thorough analysis. both the gamblers that have had quite an handful of losses and gains are all optimistic of future wins and that is what keeps them going even in the times when they have lost so frequently.

[Betwrong]

Honestly, I don't know what's keeping me going. I just know that I'm not putting in much money, which is very cool with me, and I also don't bet too much. It's when I feel like it or when I consider some ongoing game worthy of my bet. If not, in gambling, I spend more on slots than actually putting my skill to work in predicting game outcomes on a regular basis.

This is an achievement, to be engaged in gambling and not putting much money in it at the same time. I know it form my own experience that it's not easy, but, on the other hand, I know that 90% of gamblers can do that, so, why should I be among those poor souls who can't control themselves and lose a lot to gambling? Recently I won my combo with a pretty good multiplier



And that's wins like this what would keep me going even if I was at a loss(but I'm not).

[Beparanf]

For me, gambling is more of an exploratory hobby. A workshop on probability theory, so to speak. And the more I do it, the more interesting things I discover. I would never have made these small but amazing discoveries if I had never gambled. It's more than just profit. I'd call it intellectual profit. I believe experience is more important than money. Moreover, experience can often be monetized in one way or another, while random profits are easy to lose.

I like this approach on how to explain gambling experience in a nut shell.

There’s a lot of different experience you can get on playing casino games since the result is pure random. You can win big/small and lose big/small but the experience on how you come up with that always varies.

The potential huge profit that you can get on one of your bet gives more encouragement to play further and take those risk even though you lose in the process.

[Africolo]

How long have you been betting on sports already?
Roughly, how much do you think you’ve lost so far (if you’re okay sharing)?
And why are you still not giving up on the goal of becoming profitable someday?

Most of us probably didn’t start winning right away. For many, it’s years of trial and error, blown bankrolls, bad decisions, and emotional betting before learning anything real.

So what keeps you going?

Is it discipline? Better bankroll management? Improved analysis? Or just believing that experience will pay off in the long run?

Or maybe you already accepted that this is more of a hobby than a business, and profit is just a bonus?

Before anyone gambles he or she should know that gambling has to do with loosing and winning and it's very pertinent in the game and what makes the game interesting is the optimistic nature of it and one trying to win back what he has lost even when you are on loosing streak you keep playing consistently because there's something within you that gives you that motivation that you should keep trying and someday winning will come.

There are things that are very important to take into cognizant before gambling and that's been able to analyze games, odds, stats and team performances and having a budget for oneself and a better bankroll Management, this will help curtail excessive habit of gambling and loosing money but if the gamblers only source of income is gambling then the above mentioned factors won't be able to curtail his habits because the gambler will be dependent on bets to survive.

[Zadicar]

So what keeps you going?

Is it discipline? Better bankroll management? Improved analysis? Or just believing that experience will pay off in the long run?

Or maybe you already accepted that this is more of a hobby than a business, and profit is just a bonus?

What keeps me going is the fun of it because since i gamble within my discretion, it has never been a problem for me over the years and while i do experience losses, i also win sometimes.

Discipline is one thing that will also help you as a gambler. when you say no i don't want to gamble today or let me take a break for sometime and you stick to it. If the experience pays off someday i will be glad, if it doesn't then i have nothing to lose.

Of course, gambling is more like a hobby to me since i don't have many fun activity i engage in during my leisure time so if peradventure i win, it's just like a compensation for engaging in gambling but not as a way to make profit or an income.

If gambling is done properly, as if we view it as just entertainment, then it's fine. If you do it as a hobby, it's never a problem for you. Winning or losing is perfectly normal. One factor that must be maintained and adhered to when gambling is discipline, as this is how responsible gambling is carried out. Winning is reasonable, as it's compensation for gambling. Consider it a lucky break, but if gambling becomes a hobby, hopefully you'll be more careful.

But most likely you would be that a loser in the end of the day but of course not all would be having the same situation but majority will be on the losing or non profitable but come to think that you are doing gambling or betting for the sake of entertainment and fun then it wont be that much of an issue but if you are already that going for the aims on making money then you would definitely be that still continuing on matter what and this is what makes gamblers/bettors do mess up their lives when it comes to finances just because they are that too mindful about making profits on which instead on having that control and moderation, they do go rather go for making profits because the main thing that on their minds is that they can make themselves that profitable or even thinking about getting rich.

Its not bad to make up some bets as long you are that in control and moderation and thats the key for you wont be able to find yourself that getting addicted or any have problems when it comes to finances.

[Disconnecting]

You are quite right. If one gambles for enjoyment, he does not focus on money. Do you believe that a gambler always gambles for fun?  I never believe it. Because most gamblers gamble to make money. If gambling gave people peace of mind, then all people would be happy. I think the side is the bad side, which attracts people slowly. If a person gambles to accumulate,Then he must spend a lot of money here. And according to me a normal person never wastes money unnecessarily. So you should exercise your body in your spare time.

To be honest, most people don't just gamble for fun they have a hope of making a quick profit somewhere in their mind but the problem starts when that hope slowly turns into an addiction because gambling doesn't always win and when they lose, their joy slowly turns into disappointment and loss.
But I also think that not all people are the same some know their own limits, how much they can gamble without losing so it's not really about gambling but about the ability to control yourself.

[Smartprofit]

For me, gambling is more of an exploratory hobby. A workshop on probability theory, so to speak. And the more I do it, the more interesting things I discover. I would never have made these small but amazing discoveries if I had never gambled. It's more than just profit. I'd call it intellectual profit. I believe experience is more important than money. Moreover, experience can often be monetized in one way or another, while random profits are easy to lose.

I attended the most interesting lecture on mathematical probability theory at university. The lecturer was a professor with an excellent knowledge of probability theory and had been lecturing for over 30 years.🙋

He explained the probabilities of various events using the example of a coin toss. "If you toss a coin, it will land either heads or tails," he said.

"The probability of the coin landing heads is 50 percent, and the probability of it landing tails is also 50 percent," the professor told us. "But the probability of the coin landing on its edge or hanging in the air is 0 percent." With these words, the professor tossed the coin. The coin flew into the air, landed on its edge, and rolled under the benches. No one saw it again...🧖

That's how I realized that mathematical probability theory is a very fascinating and interesting science! I also realized that practice doesn't always correspond to theory.  You can always encounter an unexpected event (and even a miracle).🧚

Gambling is, in my opinion, a great way to study mathematical probability theory through concrete examples.💫

[lombok]

But most likely you would be that a loser in the end of the day but of course not all would be having the same situation but majority will be on the losing or non profitable but come to think that you are doing gambling or betting for the sake of entertainment and fun then it wont be that much of an issue but if you are already that going for the aims on making money then you would definitely be that still continuing on matter what and this is what makes gamblers/bettors do mess up their lives when it comes to finances just because they are that too mindful about making profits on which instead on having that control and moderation, they do go rather go for making profits because the main thing that on their minds is that they can make themselves that profitable or even thinking about getting rich.

Its not bad to make up some bets as long you are that in control and moderation and thats the key for you wont be able to find yourself that getting addicted or any have problems when it comes to finances.

The biggest threat consists in transitioning the main interest as just another hobby into a search of a livelihood in a game full of surprise. You are quite intelligent in understanding that majority will suffer failures in case they do not hold down their greedy urge to keep earning. The most correlated step that should be taken is not worrying about the end result but acting as a calm person to evaporate personal savings. As individuals, we have to accept the fact that this activity can only be maintained in moderation to ensure that it does not alter our lifestyle. This is a reasoning that is perfect sense to all.

[shawonngp]

If I continue to lose, of course, I will be forced to quit gambling, because depositing in gambling can never be considered an investment, so if you play for a long time, it can be a huge financial loss. Because there is no guarantee of winning here if you play for a long time
Those who gamble continuously with the hope of getting a lot of profit become addicted to gambling and suffer a lot in the long term. So let us treat gambling as entertainment, so that our mindset is not such that Gambling is only a source of income.