Still aiming for profit in Sports Betting despite losses?

[Proty]

One thing humans will always have is hope as long as they think the possibility of something happening is true, they don't really care much if the probability itself is low. It's the same way I've always approached my gambling hobby. I might not be the biggest winner yet bytut I have the belief and hope that a day will come when stars will align; Luck will align with my analysis skills and it would be on a day I am well sized in on my bet.

You are right mate, hope is what keeps players to keep gambling despite the losses, perhaps they already know that they are supposed to also lose while wins comes unexpectedly, so for someone that have lose very well, they have hope that they are going to win one day. I'm just like you too, believing that one day, I could hit a jackpot and apart from that, gambling is fun to me.

To me hoping to win in gambling seen more like am illusion. There are people who has been gambling for years with the hope of winning one day but they only end up in loses. Sometimes they may think that they are actually in profit when they win but when compared with the amount they have lost. They are no where near profit.
Hope is one thing that entrap people to continue gambling despite lossing money.

[eisen33]

You are right mate, hope is what keeps players to keep gambling despite the losses, perhaps they already know that they are supposed to also lose while wins comes unexpectedly, so for someone that have lose very well, they have hope that they are going to win one day. I'm just like you too, believing that one day, I could hit a jackpot and apart from that, gambling is fun to me.

I seriously doubt that I’m actually making any money from betting. At the beginning, I made a lot of mistakes and lost, then things improved a bit, and I simply set a goal for myself to at least get back to my starting point. As for actually earning money from gambling, honestly I don’t even think about that right now. I just understand that I can play and treat it as entertainment, but definitely not as a source of income.

[GiftedMAN]

To me hoping to win in gambling seen more like am illusion. There are people who has been gambling for years with the hope of winning one day but they only end up in loses. Sometimes they may think that they are actually in profit when they win but when compared with the amount they have lost. They are no where near profit.
Hope is one thing that entrap people to continue gambling despite lossing money.

Totally right, most gamblers do have high hope that they will surely win from gambling and to some, it does work for them and to some it doesn't and this has make a lot gamblers to be addicted in gambling. That is why in order to prevent addiction, one needs to take everything slowly, but shouldn't always depend that their hope will work for them at all times, sometimes they should learn to give themselves break, as this will also make them to win and might be able to recover their losses. But no matter anything they should set limits to their gambling and always practice healthy lifestyle gambling.

[Mayor of ogba]

How long have you been betting on sports already?

I can't really remember the exact year I started betting on sports to figure out how long I have been betting on sports but what I can tell you is that I have been betting for more than 10 years.

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?

I can't share how much I have spent on gambling, because I didn't keep track record of the money I spent on gambling. Even without being successful in gambling, I am not giving up, because I am gambling for fun.

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.

I didn't start winning right away, it took sometimes before I had my first winning but after my first win I started having more wins in gambling.

[sotelorene]

One thing humans will always have is hope as long as they think the possibility of something happening is true, they don't really care much if the probability itself is low. It's the same way I've always approached my gambling hobby. I might not be the biggest winner yet bytut I have the belief and hope that a day will come when stars will align; Luck will align with my analysis skills and it would be on a day I am well sized in on my bet.

You are right mate, hope is what keeps players to keep gambling despite the losses, perhaps they already know that they are supposed to also lose while wins comes unexpectedly, so for someone that have lose very well, they have hope that they are going to win one day. I'm just like you too, believing that one day, I could hit a jackpot and apart from that, gambling is fun to me.

To me hoping to win in gambling seen more like am illusion. There are people who has been gambling for years with the hope of winning one day but they only end up in loses. Sometimes they may think that they are actually in profit when they win but when compared with the amount they have lost. They are no where near profit.
Hope is one thing that entrap people to continue gambling despite lossing money.

I don't agree with your first line of sentence, hoping to win in gambling is not an illusion but rather what you can consider as an illusion is hoping to become rich through gambling or taking gambling as a source of income. The reason I keep playing gamble it's because I'm hoping to win in gambling and I have been winning and at same time making loss too so if I don't hope to win what then I'm playing or gambling for perhaps that would be for fun since I don't hope on winning in gambling which I don't believe it to be fun to me.

[ChocolateBitcoinK]

You are right mate, hope is what keeps players to keep gambling despite the losses, perhaps they already know that they are supposed to also lose while wins comes unexpectedly, so for someone that have lose very well, they have hope that they are going to win one day. I'm just like you too, believing that one day, I could hit a jackpot and apart from that, gambling is fun to me.

I seriously doubt that I’m actually making any money from betting. At the beginning, I made a lot of mistakes and lost, then things improved a bit, and I simply set a goal for myself to at least get back to my starting point. As for actually earning money from gambling, honestly I don’t even think about that right now. I just understand that I can play and treat it as entertainment, but definitely not as a source of income.

And this is the mindset that every gambler should maintain, if gambling is not considered a source of income but as entertainment, and if you maintain control and limit it to this, the chances of addiction will be greatly reduced. People become addicted only because of excessive play, excessive expectations increase their play, but if you control these things, the situation is not likely to get out of control. Because many responsible gamblers never become addicted, that is why control is the main thing and expectations should be kept in entertainment, expecting financial success will definitely harm it.

[junder]

I seriously doubt that I’m actually making any money from betting. At the beginning, I made a lot of mistakes and lost, then things improved a bit, and I simply set a goal for myself to at least get back to my starting point. As for actually earning money from gambling, honestly I don’t even think about that right now. I just understand that I can play and treat it as entertainment, but definitely not as a source of income.

It's good that you are doing it on an entertainment basis rather than a source of income, because after all it's better to do it with the aim of just having fun rather than fixating on making it a source of income.

Actually in my opinion in sports betting or not aiming for profit should not be emphasized because in gambling we only have a high chance of losing and with a low chance of winning, therefore aiming for profit in gambling is not recommended.

[Frankolala]

You are right mate, hope is what keeps players to keep gambling despite the losses, perhaps they already know that they are supposed to also lose while wins comes unexpectedly, so for someone that have lose very well, they have hope that they are going to win one day. I'm just like you too, believing that one day, I could hit a jackpot and apart from that, gambling is fun to me.

I seriously doubt that I’m actually making any money from betting. At the beginning, I made a lot of mistakes and lost, then things improved a bit, and I simply set a goal for myself to at least get back to my starting point. As for actually earning money from gambling, honestly I don’t even think about that right now. I just understand that I can play and treat it as entertainment, but definitely not as a source of income.

If not that gambling is a means of entertainment and you only gamble with what you can afford to lose, I'd have said there's no need of gambling because it's a waste of funds and time but there's this feelings you get whenever, you want to place your bet especially, when you know that you still have the chance of making money while having fun.

[Agbe]

I do everything. I spend more time analyzing the data, but my luck is still far from me. I don't know why, but I accept the reality. So, instead of aiming for a profit, I forget about it. I rather think this is just an entertainment, so I gamble calmly and with less pressure.

I understand that gambling is not meant for everyone. What I mean is that not all are lucky enough to make money here. Of course, we win, but we lose more. I know there are successful gamblers out there, but we admit the reality that there are a lot of unsuccessful gamblers.

Gambling is for everyone and it's not just about getting lucky only it's also about enjoying the game, the more you continue to look st what others are achieving you would think that you are unfortunate or unlucky and that should not be your mindset. Focus more on enjoying the game by staking an amount that you afford to lose, winning should be a bonus to the entertainment you derive from it.

[Dr.Bitcoin_Strange]

You are right mate, hope is what keeps players to keep gambling despite the losses, perhaps they already know that they are supposed to also lose while wins comes unexpectedly, so for someone that have lose very well, they have hope that they are going to win one day. I'm just like you too, believing that one day, I could hit a jackpot and apart from that, gambling is fun to me.

To me hoping to win in gambling seen more like am illusion. There are people who has been gambling for years with the hope of winning one day but they only end up in loses. Sometimes they may think that they are actually in profit when they win but when compared with the amount they have lost. They are no where near profit.
Hope is one thing that entrap people to continue gambling despite lossing money.

Well, I hope that someone will always understand the point am trying to make about this hope thing to win big in the future. First of, having hope to win big in the future does not mean that you are going to start gambling compulsively, it does not also mean that you should chasing losses.

Having hope to win big in the future should still be handled as if you are only gambling for entertainment, don't pressure yourself, don't risk too much, don't put all your expectations in it and don't waste useful time gambling, be extremely calm, gamble only when you are very free and when you have the urge to, by so doing, you have won't be risking too much and you will not be affected like someone who is gambling as if their entire life and hope depends on that winning.

Whether I'm being hopeful to win big in the future, it doesn't stop me from chasing other source of income and career that will make be wealthier in the future, and even if I don't still win in big amount in gambling, I will not feel affected in any way because the money I must have lost, were just small amount.

Hope does not entrap people, rather people entrap themselves but putting all their 80% hope on gambling, while 10% hope on ponzi schemes and then 10% on legitimate things.

You are right mate, hope is what keeps players to keep gambling despite the losses, perhaps they already know that they are supposed to also lose while wins comes unexpectedly, so for someone that have lose very well, they have hope that they are going to win one day. I'm just like you too, believing that one day, I could hit a jackpot and apart from that, gambling is fun to me.

I seriously doubt that I’m actually making any money from betting. At the beginning, I made a lot of mistakes and lost, then things improved a bit, and I simply set a goal for myself to at least get back to my starting point. As for actually earning money from gambling, honestly I don’t even think about that right now. I just understand that I can play and treat it as entertainment, but definitely not as a source of income.

You might not be making money but somebody somewhere is luckily making profit which service some of their needs,  if you can not stop gambling, then always risk the amount you can afford to lose. I'm not always lucky too and I made mistakes too when I newly started gambling but each time I get lucky, it always feels good. However, I can never take gambling as a source of income.

[Jody.Drummer]

I seriously doubt that I’m actually making any money from betting. At the beginning, I made a lot of mistakes and lost, then things improved a bit, and I simply set a goal for myself to at least get back to my starting point. As for actually earning money from gambling, honestly I don’t even think about that right now. I just understand that I can play and treat it as entertainment, but definitely not as a source of income.

And this is the mindset that every gambler should maintain, if gambling is not considered a source of income but as entertainment, and if you maintain control and limit it to this, the chances of addiction will be greatly reduced. People become addicted only because of excessive play, excessive expectations increase their play, but if you control these things, the situation is not likely to get out of control. Because many responsible gamblers never become addicted, that is why control is the main thing and expectations should be kept in entertainment, expecting financial success will definitely harm it.

Only truly wise people can engage in gambling on the basis of entertainment and nothing more than that, those who have a wise mindset will be able to maintain it unlike those whose mindset is wrong to respond to gambling, but the change from wise to not even that there are cases. Addiction or not depends on whether we do it ourselves, now it's useless if we do gambling with a view to entertainment but can't maintain that aspect, because we lose self-control when gambling. The key is indeed in self-control, all factors preventing addiction are fixated on that one word, so it is true that to prevent addiction, we must be able to control ourselves as well as possible when gambling.

[jostorres]

I do everything. I spend more time analyzing the data, but my luck is still far from me. I don't know why, but I accept the reality. So, instead of aiming for a profit, I forget about it. I rather think this is just an entertainment, so I gamble calmly and with less pressure.

I understand that gambling is not meant for everyone. What I mean is that not all are lucky enough to make money here. Of course, we win, but we lose more. I know there are successful gamblers out there, but we admit the reality that there are a lot of unsuccessful gamblers.

Gambling is for everyone and it's not just about getting lucky only it's also about enjoying the game, the more you continue to look st what others are achieving you would think that you are unfortunate or unlucky and that should not be your mindset. Focus more on enjoying the game by staking an amount that you afford to lose, winning should be a bonus to the entertainment you derive from it.

That's unfortunately very human. Specially with social media these days, we get to see how rich people live, and even poor people who normally live horrible but save every dime and have 2 great days and take 150 photos and share 5 of them every week for months to make it look like they have a great life, they are all contributing people feeling sad that it snot their life and they do not live that way. Same goes for gambling, people see online others winning, and they are hoping one day they can be like that, instead losing even more.

[Big Dirams]

That's unfortunately very human. Specially with social media these days, we get to see how rich people live, and even poor people who normally live horrible but save every dime and have 2 great days and take 150 photos and share 5 of them every week for months to make it look like they have a great life, they are all contributing people feeling sad that it snot their life and they do not live that way. Same goes for gambling, people see online others winning, and they are hoping one day they can be like that, instead losing even more.

A lot of Fugazi are going on in this internet of a thing so one need to be extra careful not to believe things we see on the internet because if we are just looking forward in living the lifestyle of people in the internet and aiming to reach their goals with the things they do post then we might end up losing and sacrificing a lot for nothing sakes especially when it comes to gambling. Gambling that is full of high risk.

 You did made a good point, many of this gamblers calling themselves gambling gurus or gambling pros are just faking a lot things and feeding us with a lot of fake news. They only post about their winning tickets and games they won when stake, the rest is offline lol just to show that they have been making good profits from gambling like their family ties are controlling the casino lol. 

[Dunamisx]

I like persistency in life, but not when we are wrongly making its application on situations like that of gambling, aiming for profit may not come with the same expectation we needed from it, instead we can still be hunting around for the opportunity to win and never made it, also, we should not be so desperate that we still have to be more specific on chasing after losses, because we want to be proftable.

[ASloveapg]

I do everything. I spend more time analyzing the data, but my luck is still far from me. I don't know why, but I accept the reality. So, instead of aiming for a profit, I forget about it. I rather think this is just an entertainment, so I gamble calmly and with less pressure.

I understand that gambling is not meant for everyone. What I mean is that not all are lucky enough to make money here. Of course, we win, but we lose more. I know there are successful gamblers out there, but we admit the reality that there are a lot of unsuccessful gamblers.

Gambling is for everyone and it's not just about getting lucky only it's also about enjoying the game, the more you continue to look st what others are achieving you would think that you are unfortunate or unlucky and that should not be your mindset. Focus more on enjoying the game by staking an amount that you afford to lose, winning should be a bonus to the entertainment you derive from it.

But in reality, the main objective of most gamblers is to win only, they are not prepared to lose. Their expectations are completely based on winning, they play only for the sake of winning without losing, but how reasonable is such a decision? As a result of making such a decision, they start gambling incorrectly, at that time they are not in a safe position at all, rather the game gets out of control and it causes financial stress, later it gives him psychologically, because his mentality is not right for additional losses. The whole thing starts affecting him a lot, that is why if it is played with any expectation other than entertainment, then the danger starts.

[AmoreJaz]

I like persistency in life, but not when we are wrongly making its application on situations like that of gambling, aiming for profit may not come with the same expectation we needed from it, instead we can still be hunting around for the opportunity to win and never made it, also, we should not be so desperate that we still have to be more specific on chasing after losses, because we want to be proftable.

Aiming profit in gambling is not a very smart thing to do, much better if you will find another worthwhile activity that can really generate income. Because if not, in the long run, you will end up losing a lot in gambling. That's reality, especially if you don't know how to handle your finances. On my end, I only bet on sports that I really know of, and have very good feeling about it. Of course, anyone will aim for profit but if my bets are not that good, that's fine. As long as I know, I bet because I have a very good feeling about the odds as well as the betting line. So the final decision was on me and not others.

[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.

I actually believe that gambling involves both winning and losing, and personally I think that we are more likely to lose than win.

That's not just your personal opinion, mate, that's how it is with gambling. Even if you play Blackjack with the lowest House Edge possible, 0.5%, you are still more likely to lose. Your win chance is 49.50% and you are going to lose with 50.50% chance. But that the lowest HE, normally it's 2-5%.

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.

Yes, there's a chance of losing your bet even with 1.01 odds. I remember one guy bet $1,000,000 to "easily" win $10k. He was betting on a very strong team to win against a very weak team, but there was a draw and he his million of USD.

[Johnlomape]

I like persistency in life, but not when we are wrongly making its application on situations like that of gambling, aiming for profit may not come with the same expectation we needed from it, instead we can still be hunting around for the opportunity to win and never made it, also, we should not be so desperate that we still have to be more specific on chasing after losses, because we want to be proftable.

Aiming profit in gambling is not a very smart thing to do, much better if you will find another worthwhile activity that can really generate income. Because if not, in the long run, you will end up losing a lot in gambling. That's reality, especially if you don't know how to handle your finances.

You don't know what trigger op to compose this post but I think maybe he is tired of seeing repeated unfavourable outcome from betting and that's why he feeling like writing this for people to read and also seeking opinions from the forum. People are losing money to betting on daily and that is what we have been seein, the way casinos are getting launched is shocking and maybe they find out that their is huge money to be made in the casino business.
 
The people that are see as the scapegoat are the gamblers, perhaps those ones that have become addicted to gambling as well be very hard for them to stop betting. There is no way a casino can make money from players without during marketing that will attract traffic to the casino.

[vanesha]

How frustrating it is if I count all the bets I made, it is very clear that I have lost a lot, what makes me always bet is just wanting to support my favorite team and test my skills in parlay betting, I have little faith that skills will be profitable, that's why I always bet

[Byebyebtc]

Well different people has different reasons why they still bet despite losses, most of than have taken it as a hubby, while most of them still consider it as a business, or a way to get money,

And you might wonder for those who take it seriously why do they still bet even if in losses?
One of the reason I know about is about testimonies they have heard about gamblers hitting jackpot, living a better life etc and they get motivated by it and they still gamble forgetting about the losses.