Topic: [Infographics] Does Football Betting Pay Off? (Read 456 times)

It is important to always remain skeptical of what we read, the data presented on the chart may seem to give the idea that winning money while betting on football is something easy to do as so many people seem to be obtaining positive results, but since there is nothing to back up this data except the statements of those people we cannot afford to believe them, especially when we have a whole body of evidence that tell us that it is almost impossible to beat the casino at their own games.

It's the same question for any sports bet or even casino games.  For the most part no it's not worth it because the odds are always stacked against the bettor.  The part where it makes sense is smaller amounts in the form of entertainment.  By betting on games ypu watch more intently and could makes games otherwise you wouldn't watch now more interesting.

Actually, the game of football betting pays off, most especially to those who are lucky enough, because to be frankly speaking, it's never always been easy predicting possible outcome of a football match and winning with respect to past performances, because the chances of winning is always slimmer to that of losing. However, there have been news of people winning big with as little investment capital, which is why if I'm to advise anybody, i'll say just play for the fun of the game, playing with the amount you could afford to lose if incase you don't win and try not to get too addicted, as it can also be frustrating

No, I don't think so. This is determined by the type of game you bet on and the frequency with which you bet. I have a friend in my neighbourhood who is well-known and popular for the betting lifestyle, this guy literally spends almost days of his life in a physical betting shop betting on popular English matches and rarely wins a single parlay of bets. I also know a guy who bets in his spare time, wagers large sums of money, and it turns out that he always wins. They both play repeatedly, but the first guy is addicted, and you know what happens to a gambler when they are addicted, loss after loss is what they get.

Spending money within your means is really essential in gambling. You should only bet what you can only afford to lose because the risk in gambling is high enough to take away your hard-earned money, most especially if you belong to the class of high-risk gambler. You shouldn't let yourself be indulged in gambling if your budget is just limited because you'll just end up having empty pockets and maybe a bank account too.

You should only bet the money you are confident to let go if ever the odds aren't on your favor. You should also have a good emotional state because losing a bet is mentally draining and emotionally painful, especially if you lose big amount in as single bet only. If you can't control yourself in betting more, then probably it's time for you to reevaluate your gambling habits or perhaps the mere idea of you playing gambling despite being an impulsive gambler. Financial literacy and risk management are essential things in gambling. If you are having a hard time to either of these, it could put you and your funds at great risk which means betting strategy of yours could not be effective and is possibly not worth the chance.

This doesn't say anything at all. It only shows the percentage of people winning on a certain country on football betting, and that's it. The same infographic can be done on other sport and have people answer it. You can't confirm the bias on these people's answer so I don't think you can count on these numbers as somewhat reliable. No matter the sport you bet on, if you only bet on games that has an obvious outcome, you can make money off of it, and the more you bet on the sport, the more chances there is that you can lose on it too.

This is not true for some people. I have seen some that start pretty bad but their final result is positive. The more the loss that they obtain the more the chance that they will saw a huge multiplier. People who earns more than what they lose in gambling could be extremely lucky.

Only a limited number of people have achieved that so far but the majority is still trying their luck in the hopes of getting that jackpot someday which can recover all their past losses and make their gambling stats green/positive again. If betting is your hobby then you can spend more time doing it. Those who do one to two bets per week or month are people who are only trying their luck and not heavily attached to it.

True that. People tend to only brag about when they won abd how the game they predicted was collected by one or two persons but when there's a loss, you find that these individuals are quiet about it and may choose to ignore that they played such a game.
 Yes. It pays off but one has to be ready to take risks because sometimes, you could bet a little money on a high odd or vice versa and find that even tho it was clear to be a win, you end up losing. And that's the part people will not want to show.

We shouldn't get deceived by this kind of survey results because they didn't include the money that they have lost along the way. We all know that in order for us to win in gambling, there are also losses that we have to encounter so we shouldn't misinterpret this information because they didn't win without losing. We can't gain a huge profit in gambling consistently, because that usually happens very rarely.

And you are correct, it is a very simple concept, the more you bet the more you lose, and yet many of those which develop some gambling issues never understand something so simple, but once you understand that concept then any kind of dream of trying to make money when you gamble dissipates and you begin to treat gambling for what it is, which is a way to entertain ourselves by spending some of our money at a casino without any expectations of actually turning profitable.

It is interesting, but I think that in these eventual cases several things can happen, the first is that when a bettor or player wins in one thing more than the previous ones, this gives him the opportunity to make very large bets from the beginning, because he thinks he knows a lot and that he is going to win, in fact he has a lot of confidence, second, if he does, the chances of winning for the player decrease, and third, I think that a person who does that and is lucky, as they have said before, should continue playing but with very minimal bets, because the idea is to add and add, to make the balance grow, even if very little.

Well this is something that we all know but that few talk about, it's like the commercial for cigarettes, if you start to watch the commercials for cigarettes they are beach, sun, beautiful women in bikinis and the last thing and in very small bold letters they say the warnings about what all cigarettes bring and the damage to health they do, some salesmen say them but quickly and ultimately, almost incomprehensible, that's what this is about, when a person loses more than he earns it's obvious that He almost won't say it, because it will feel a bit sad, although in my case it's not like that, whenever I lose I still say it because I consider that as a player one should face that in the best way.

I think the more you bet is the more you lose, so people who said they earn more than they lose and actually make money out of betting is the one who does betting as hobby, they bet like once in 2 or 3 months, and they are lucky to win those. While most people who bet weekly, or even put more than 1 bet each week, they will lose more than they make profit.

Other than that the chart only tell the amount of people that win money, it does not state that those people who win money win more than they lose.

When I was growing up I heard Italy as a country that is not really strict about rules and regulation unlike many other countries in Europe. They allow citizens to live and enjoy their lives like clubbing, hanging out , gambling etc so I'm not surprised seeing Italy as the number 1 on the list but that survey may not be complete because it doesn't represent the total population. However still surprised that Nigeria is not in the top 5 with the rate of football bettors around.

People may say that they're making money from it but I guess it will be better if they will make another separate survey about how many of those players lose before making money. Some gamblers would think that it's easy to make money out of football betting without knowing that there's also a huge possibility of losing. We shouldn't disregard the risks.

It's definitely interesting to see that French teams are the most reliable out of all these options for presumably achieving the expected outcome of the match. That must mean that there are clearly more defined skill levels between French teams. It just goes to show that there really are thousands of different data points that can be used to extrapolate different money making potential and it might be possible to get an edge on bookmakers if you can come up with an (up to date) collection of them. However, even 37% seems fairly low when you think about it and I'd expect realistic profitability would need 50%+ indicator to make it worth trying your luck.

I do think the infographics are rather for a selected number of countries put together. It makes sense the data was gotten or could have been compiled from the sites that register a bettor and by using a small sample size to direct questions. It is valid to see Italy topic the chart, because they been doing gambling since the mafias and more football divisions. Also, I think most African countries like Nigeria have large bettors on football. I used to know a neighbour who sorted his bills with winnings from betting on football. It was almost like his profession at the time because he knew how to so well that he won almost every week during CL and EPL .

I’m not surprised to see my fellow Italians (I’m not directly from Italy but am 3rd generation Italian in the United States) being at the top of this list. I would imagine being that football (or soccer as we Americans know it) is by far the most popular sport, that betting on it is just an absolutely huge deal there in Europe. I think Euro laws are more strict around gambling however ?

Yeah it is obviously funny to measure by asking people. People nearly never tell truth about their life and choices. Also  I agree that sample with these are generally 1000-2000s people so its never enough to measure whole nation!
By the way I feel like if you are consisten footbal watcher, football betting can be very very profitable. I know a person who is cleaner and his wage is low, although he knows football and makes around his wage monthly. So doubles his income.

This is why the field of probabilities can be so counterintuitive, for most people as long as they earn money with their gambling they consider themselves winners, what they fail to see is that over the long term the casino will always win, so unless they can change the expected value of the game somehow eventually their results will return to the mean, so even those gamblers that supposedly can make profits when they play a gambling game will still lose money given enough time.

This is a question that cannot be answered, it is meaningless. If you take all the betters, then in total they are the losers (it cannot be otherwise - the bookmaker always wins with a large number of bets made). If you take the top 1% of the most successful, then the fact that they are in the black (if they are in the black) does not mean that they were able to "earn" by betting. This suggests that with a large number of events, according to the law of normal distribution, some of the events will lie outside the area of "expected" results. Roughly speaking, out of a trillion (or quadrillion) playing the lottery, someone will win several times in a row, but this will not mean that he "earns" on the lottery.