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.

[Betwrong]

~ 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.

In my opinion, that's how everyone of us should gamble if we don't want to turn our gambling into catastrophe. Of course, winning with a 100x multiplier we can think "what would happen if I bet $100 instead of just $1?", be we should tame our greed. If we want to win a lot, we usually lose a lot. That's how it is with gambling. But if we are happy to win just $10, we will never lose an enormous amount. Unless we bet $1,000 with 1.01 odds, which I wouldn't recommend to anyone to do.

[Agbe]

To be realistic when you understand the purpose of gambling you would really know that most times profits isn’t the major thing in gambling because there are people who just come to gamble to free up their pains or sorrow out there while there are people who come to gamble just to increase their balance or as a place of doubling their income.
And of course, it’s good for people to make profits from gambling but when they are not profits in gambling they becomes very slacks while gambling, but there are people who even when they are losing they still keep trying.

You are right, some people gamble to forget about their pain and traumatic experiences and it's not always about making profit. But it might start to get complicated when they always rely on gambling to make them feel better, this because a dependency issue. some people get stuck on gambling because they feel like it is the only thing that can take them out of that mental state but is a wrong mindset.

[Leahized]

I agree that if gambling causes us to suffer losses, then we must be able to stop, even if it feels forced. But that's not a bad thing. In fact, continuing might make things worse because, as you said, we all know that there is no guarantee of winning.

It is highly inadvisable to consider gambling as a source of income, even if we have good analytical skills in sports betting. It is better to consider it as a means of entertainment only.

Yes, gambling should not be chosen as a source of income. We all know this, but not many believe it. We always gamble because we need money. But you don't always have to lose in gambling, and sometimes you can win. But it is not good to have too much expectation in gambling. However, in my opinion it is possible to win more than lose in sports betting. This is where ignorance is most needed. And the gambler who knows most about the game, They will be far ahead.

[giammangiato]

I have been analyzing my losses for a few years (precisely since 2024) analyzing my playing style I am in profit (it makes you laugh but the total profit is about $500) in 2 years and 2 months of playing.
The good thing I've played with with virtually no impact on the family economy, the least good thing that isn't a life-changing figure, I call ridiculous.
But reading the various answers (among the many who say they are negative) I feel lucky, that's okay so I have fun and I don't lose, I can't ask for anything better, I just hope for a 6 or 7 zero win.

[Hardyrobust]

I agree that if gambling causes us to suffer losses, then we must be able to stop, even if it feels forced. But that's not a bad thing. In fact, continuing might make things worse because, as you said, we all know that there is no guarantee of winning.

It is highly inadvisable to consider gambling as a source of income, even if we have good analytical skills in sports betting. It is better to consider it as a means of entertainment only.

Yes, gambling should not be chosen as a source of income. We all know this, but not many believe it. We always gamble because we need money. But you don't always have to lose in gambling, and sometimes you can win. But it is not good to have too much expectation in gambling. However, in my opinion it is possible to win more than lose in sports betting. This is where ignorance is most needed. And the gambler who knows most about the game, They will be far ahead.

It doesn't really matter the nature of the gambling because without luck winning isn't guarantee. Even sports betting that you think that it is easy to win ,there are people that are losing money there almost all the time.
There are people that make the mistake of seeing gambling as a source of income which a big mistake on there part. Gambling is a game of chance and shouldn't be seen as a source of income.

[Mpamaegbu]

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

I'm in the negative on that, though I don't know how much it's.

So what keeps you going?

Hope is what has kept me going. You know, they say hope is the last thing that deserts a man. That's my consolation.

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

I think, beyond everything; including losses, the lessons from gambling are my take away. Chief among them are endurance and self discipline. Once I've set my mind on not crossing a certain line, I tend to maintain that. That's the easiest way to stay away from addiction too. Self discipline matters a lot in gambling.

[HelliumZ]

In my case, it must be negative because up to now, if I list the profits and losses and add and subtract them, then I must say that I am in negative profit. My gambling experience dates back a long time, especially when I was in primary school, when I used to draw lotteries at the village market and try to win eggs by betting on those lotteries. But I don't have much experience in online gambling, but I have had the experience of participating in gambling since early 2024.
I mainly do Sportsbet in online gambling, in which case if a weak team plays against a strong team, I bet on those games for a small profit. But if I want to say from this point of view, in the last match, I lost 18 dollars in the match between Sri Lanka and Zimbabwe. Because I bet on the strong team Sri Lanka.

[danherbias07]

I agree that if gambling causes us to suffer losses, then we must be able to stop, even if it feels forced. But that's not a bad thing. In fact, continuing might make things worse because, as you said, we all know that there is no guarantee of winning.

It is highly inadvisable to consider gambling as a source of income, even if we have good analytical skills in sports betting. It is better to consider it as a means of entertainment only.

Yes, gambling should not be chosen as a source of income. We all know this, but not many believe it. We always gamble because we need money. But you don't always have to lose in gambling, and sometimes you can win. But it is not good to have too much expectation in gambling. However, in my opinion it is possible to win more than lose in sports betting. This is where ignorance is most needed. And the gambler who knows most about the game, They will be far ahead.

Never a source of income. It is a big mistake if we do it unless we have inside sources that feed us from a rigged game.

Even with the odds of x1.10, we can still lose. I can still remember betting for x7.00 underdog in MMA, and it won. The opponent was believed to be a sure-win but I took my chances because it was a championship game, and I know that a fighter will always have a 50 percent chance of winning until the bell rings.
I was amazed by the outcome, and it was won through submission. Truly, that made me believe that we cannot predict the future, and even the heavy favorites can lose. We aim for profits, without a doubt, but we should not force it, and as much as possible, enjoy it instead.

[nimogsm]

In my case, it must be negative because up to now, if I list the profits and losses and add and subtract them, then I must say that I am in negative profit. My gambling experience dates back a long time, especially when I was in primary school, when I used to draw lotteries at the village market and try to win eggs by betting on those lotteries. But I don't have much experience in online gambling, but I have had the experience of participating in gambling since early 2024.
I mainly do Sportsbet in online gambling, in which case if a weak team plays against a strong team, I bet on those games for a small profit. But if I want to say from this point of view, in the last match, I lost 18 dollars in the match between Sri Lanka and Zimbabwe. Because I bet on the strong team Sri Lanka.

Situations like these happen. I've also encountered situations where a team seemed much stronger and should win, but at the last minute, the opposing team snatches the victory. Such losses can ruin a long winning streak, and it takes more time to even break even. Sometimes luck trumps the usual predictions, something that seems obvious.

[Nwada001]

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.

If someone is in control of their gambling activities and manages their bankroll properly, it should align with their schedule spending time in the casino. If they plan to spend a maximum of 1 hr in a casino, they should be able to manage their budget to serve up to that time irrespective of if they win or if they are having a losing streak.

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.

This is already a known fact, but some gamble without looking at it from that perspective. Once they win, everything they used to know about gambling winning changes; they feel like they can control when they can win and when they will lose. It's no longer the same with them, as they care more about how they can somehow produce a repeated result with their previous win, but trying to do that, they always give all they won first back to the casino, and it costs them almost a lifetime to get such winnings unless in rare cases where the gambler can be lucky to win back big while chasing losses.

[Y3shot]

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 will keep one on despite loses in gambling is having an understanding that gambling is a game win or lose. When you understand this you just have to gamble with the amount that you can afford to lose because,  anything can happen as the result of the game and if lose become the outcome you dont need to panic or feel somehow because the outcome is already what is expected.  If you dont understand the outcome of gambling you may disappointed and feel pained because of the outcome of lose.

[terrific]

Situations like these happen. I've also encountered situations where a team seemed much stronger and should win, but at the last minute, the opposing team snatches the victory. Such losses can ruin a long winning streak, and it takes more time to even break even. Sometimes luck trumps the usual predictions, something that seems obvious.

This is not rare in the sports.
We'd see those teams that are unlikely to lose but in the end, they still lose.
That's why even in sports betting with the teams that have low odds, you can't guarantee win there.
It is the reason why you'll have to not expect so much with the bets that you make because that's how it goes for most games.

[Versatile_choice]

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.

Surely, wining varies most times just like you said that your experience the past few years was not really funny but coming back to this year you just see things working differently and of course that's how luck plays most times, personally I can't say I have been profitable last year neither will I say I'm profitable this year, if you trace my gambling record last year and this year I'm not sure if I had up to 10 winings that's if you calculate my wining record from last year down to this year, but I believe there are better days ahead.

[Crypto Library]

~ 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.

In my opinion, that's how everyone of us should gamble if we don't want to turn our gambling into catastrophe. Of course, winning with a 100x multiplier we can think "what would happen if I bet $100 instead of just $1?", be we should tame our greed. If we want to win a lot, we usually lose a lot. That's how it is with gambling. But if we are happy to win just $10, we will never lose an enormous amount. Unless we bet $1,000 with 1.01 odds, which I wouldn't recommend to anyone to do.

I actually believe that gambling involves both winning and losing, and personally I think that we are more likely to lose than win. And that is what basically gives me advance warning to determine my staking amount.
Even I will also say that if the odd is 1.01 and a gambler thinks that if he bets on it, he will probably win and for that he bets 1000 dollars here and tries to make a profit of 1000 to 10 dollars. But sometimes in this case, you have to face danger because it is seen that even after the odd is 1.01 or the team is strong, you have to lose your entire 1000 dollars. And that is why I am basically saying here that you must give importance to the ability to lose.