Still aiming for profit in Sports Betting despite losses?

[Dr.Bitcoin_Strange]

Discipline also plays a big role why until now I'm still gambling in sports. I am not fond of betting it all in one go because for sure I will only lose it in 5 seconds, but I stick with small amount and increase the betting amount whenever I observed the rate of winning probability is high.

If you are always betting with all your money in one go, it means you don't have a proper risk management skill but because you do, that is why you are able to manage your gambling funds in a way it is suitable to you. Losing in gambling is more easy and fast compare to winning, for example, you can gamble for a long time without winning a huge amount but any day you are lucky enough to encounter a huge win, if you don't stop gambling and you continue with that huge amount, you are going to lose all.

[Bd officer]

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?

Actually I like to watch sports, I have been betting on sports for a long time. But I don't remember how many years I have been betting. Maybe I have been betting for more than 6-7 years. Now I don't bet regularly and I sometimes bet on my favorite team.

Now if you ask me how much money I have lost? I don't calculate it. I personally think that there is no need to calculate profit and loss in gambling. Because I forget about the money I have lost.
I don't bet with the aim of making a profit, I bet for fun.

[Showlove01]

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?

I have been on sports betting for a long time now and some years back I can tell for sure that my loss was more than my profits because then I use to make loss on a steady but currently my winning so far has been great and I believe it is more than my loses now though I can not really count how much I have made but it is really huge. What keeps me going in gambling is the believe that I will hit a major jackpot some day and I make sure to gamble within my reach and I call it discipline.

[Bright0515]

Discipline also plays a big role why until now I'm still gambling in sports. I am not fond of betting it all in one go because for sure I will only lose it in 5 seconds, but I stick with small amount and increase the betting amount whenever I observed the rate of winning probability is high.

If you are always betting with all your money in one go, it means you don't have a proper risk management skill but because you do, that is why you are able to manage your gambling funds in a way it is suitable to you. Losing in gambling is more easy and fast compare to winning, for example, you can gamble for a long time without winning a huge amount but any day you are lucky enough to encounter a huge win, if you don't stop gambling and you continue with that huge amount, you are going to lose all.

Either huge am small amount of money you do not have any guarantee that you will win at all. If you say huge amount of money it makes it looks like small amount of money is guaranteed more than huge amount of money. However luck can only come when the right time comes. Meanwhile what we as a gambler are supposed to do is manage the risk as we also manage our funds so that we don't lose everything and be left with nothing. Even when you are gambling for entertainment you should stake low amount of money, likewise those gambling for profits, you don't have any guarantee to win both smaller amount of bigger amounts, so risking what you can afford to lose is a good idea.

[junder]

People are too greedy for my liking, no one needs to stop gambling for any reasons if they can just do it in a very sensible way, if I am making $500 in a month and I am risking $40 on gambling I will never consider a lost $40 in a month a loss, we can even still go down on price if we want.

I make less than $200 in my business every week and I risk $ 5 to $10 on gambling in a week, it doesn't make me feel anything because I gamble like someone who don't take a sweat on it, that money is too small for me to have mood swings or get angry, this days you can even use as less as $0.20 to gamble, I don't know the problem with gamblers.

That's the problem, most people can't gamble wisely, they tend to do it outside of a sensible context, and you're right, we can determine the amount to allocate for gambling, whatever it is, because that is our right, but the problem is that only wise people can set the amount and be disciplined and consistent with the amount they set.

The amount you get and use for gambling is fine, because you're only risking a small portion of it. If you can be consistent with that, with a maximum of $10 a month, then you can say you're gambling wisely.

[Crypto Library]

I would say in my case it is only discipline stayed because my luck doesn't favour to me. Like recently in ICC mens T20 world cup the strong team Australia lose against the Zimbabwean team which was very unexpectable. And who knows that there Zimbabwe will win and that is why I used to a good amount on this match and at the end of the day I lose that.  Remind that good amount doesn't mean that I can't afford to lose it.
So in my case, I will say that in most cases, the only rule I follow is that I don't bet beyond my ability to lose, and besides, my winning record is very low and my total profit amount is low.