[Infographics] Does Football Betting Pay Off? - page 3.

Kakmakr

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There are too many factors influencing an accurate outcome to that survey ...

1. People can lie about their success.
2. The amount of people that participated per country.
3. The knowledge levels of the people that participated. (Professionals or Rookies)
4. Population of the country.
5. Citizenship. (UK are a mix breed of people)

So you cannot simply take this as an accurate reflection of the facts per country. You have to gather more information of the people's background before you draw up the statistics. Roll Eyes

Mauser

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Quote from: Wapfika on July 27, 2022, 10:37:15 AM

This chart shows the share of football fans in selected countries that place bets on matches, and how many of them say they make money from it in 2021.

That is an very interesting chart, I had no idea that betting on football is so unprofitable for most people. The number of people betting per country seems pretty equals around 35%, but the number of people who make is profit is very different. It seems strange to see that only 17% of people in Italy make money with betting, while in France it 37%. I can't believe that there should be such a big difference per country. With more than 13,000 people being asked it's quite a big survey, but I am not sure how representative it is. They don't give any information on how they contacted the participants and if all age groups are represented equally. Standing in front of a stadium and only asking family dads with their sons might be a bit misleading, same goes for only contacting people online. It would also be nice to get some more information on how much these people actually bet, are they regulars or do they only bet a few times per season. If the people only bet 2-3 times in a season than it's much harder to make a profit.

worle1bm

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Football is the most popular game around the globe and we have seen most bets on the big games and you would see the millions of dollars wager in the upcoming Qatar world cup and lot of promotions are on the way for it.The charts mentioned states the countries with most fanbase of football but paying off depend on the win only and you should bet according to your budget and in limits and maybe you could win some good pay off.

goldkingcoiner

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Quote from: Wapfika on July 27, 2022, 10:37:15 AM

This chart shows the share of football fans in selected countries that place bets on matches, and how many of them say they make money from it in 2021.

*Respondents who say that they win money overall in the course of an average season.
n=13,300 adults (16+) interested in football. Conducted in May 2021

Source:https://www.statista.com/chart/26706/share-placing-bets-on-football-matches/

I have a problem with statistics where people get to declare something. As if though most people aren't liars. So when I hear something like "many of them say they make money" I immediately ignore it. I have absolutely no doubt that people will say anything to make them look good. Who wants to admit that they lost all their money and their house maybe even their wife to gambling? Nobody, a lie sounds better.

There are professionals who are skilled in betting on Football after analysing the players and many things. No doubt those people make money. But thats like 0.1% of gamblers. Most just bet without much thought behind it.

South Park

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Quote from: Wapfika on July 27, 2022, 10:37:15 AM

This chart shows the share of football fans in selected countries that place bets on matches, and how many of them say they make money from it in 2021.

*Respondents who say that they win money overall in the course of an average season.
n=13,300 adults (16+) interested in football. Conducted in May 2021

Source:https://www.statista.com/chart/26706/share-placing-bets-on-football-matches/

One of the problems with questions like that is that it relies on the memory of people for their study, after all someone could say they are making money with their sports bets but if we actually took the time to see if this is true we will find out this was not the case and they just perceived this to be the case, so for something like this I will prefer to look at the numbers casinos could provide as they will be way closer to the reality, as I doubt 37% of those which bet on soccer matches earn money as they claim at France.

AmoreJaz

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Quote from: Pierre 2 on July 28, 2022, 11:49:30 AM

It is no surprise to me that mediterrenean countries have the most passionate and even bet loving fans. Especially Italian betting must be big business. But other data where they asked people if they think they won a money seems biased to me as well. People would love exaggerate their wins, and generally ignore their losses. Those stats are like "who are the biggest liars?" in my opinion. I personally love to bet on football although I generally target low scoring teams to get better/surprising odds.

that's funny though! "who are the biggest liars?" but anyway, such infographics should not be taken seriously as there may be some lapses here. for me, it is also not the true representation of bettors that you can get here. but just to give an idea about football bettors in several countries. we also don't know if they got enough sample size to come up with this infographic.

alegotardo

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Quote from: Wapfika on July 27, 2022, 10:37:15 AM

This chart shows the share of football fans in selected countries that place bets on matches, and how many of them say they make money from it in 2021.

I am very surprised to see that there is no country in america on this chart.
Maybe because it was limited to only 5 countries, which I didn't like... they could have added much more information to this image.
Anyway, Brazil could be one of the options, but I believe that the ban on gambling is the main obstacle for it to appear in this resolute.
Still... I believe the data is biased, as people often lie when answering about making money in gambling... many of those who claim to have made money are actually great losers, they just don't admit it.

Zilon

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This datas most times are inaccurate because some gamblers neglect small winnings and some centre their overall winnings on greedy bets neglecting the few times they made good profit from few odds. On average the few who haven't made money at all from gambling are greedy gamblers who centre their entire life problem around gambling and end up been frustrated

Davidvictorson

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Interesting statistics I love would love to see the stats for some African countries like Kenya, Ghana, Nigeria, Zimbabwe and South Africa. I love also love to see the reverse of the statistics that is sports betting companies that gamblers patronize the most in these countries. One thing I noticed is that less than 50% actually won any money. In other words, over 60% lost their money or didn't win any money. Betting should be done thoughtfully and with a lot of caution.

famososMuertos

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Is it worth having a coffee, a Coke, going to the movies, I don't understand this type of statistics in a betting niche... go to the Oscars ceremony and ask if it's worth winning an Oscars.

For those who make the bet it makes sense, why question it and especially in such a small niche or study group, you understand the point, betting to the majority in soccer is not a question of profitability.

Hydrogen

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This poll is an excellent step in the right direction.

There are so many myths and urban legends about gambling. Any attempt to quantify and define trends in a real world setting are greatly appreciated and serve an important need.

It is common for many to believe that its impossible to make profits investing in stocks, bonds or crypto. Many believe its impossible and that every claimed success case is a scam.

This trend definitely carries over to sports gambling, where many believe it is impossible to consistently profit. I would guess some of the amateur football leagues might be easier to profit from, in contrast to professional leagues. Simply as there is less effort invested by bookies to set misleading lines and less attention there.

Information and knowledge are important to help people make good decisions. I think many would be shocked to know there are gamblers who consistently profit from sports gambling.

Ulven

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I think that Italian gamblers do not succeed in making money by betting on Serie A matches like the rest of the countries in the chart. Is this due to their lack of awareness of the domestic league or the atmosphere of Italian clubs in stadiums different from other European leagues?
In fact, I don't know the truth behind all this, but the majority of my victories last season were successful with the Italian League!!!

Doell

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Italian gamblers bet more on football game I think "Yes", at there is a lot of football game for betting there in Italy, Serie A, B, C or D then also women league etc. So the chart may have a little some truth, Few gamblers who win only 17% does't prove the chart is entirely truth, because not a few gamblers are able speak to publicly about their winnings, I think more to privacy.

jaberwock

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Quote from: Wapfika on July 27, 2022, 10:37:15 AM

This chart shows the share of football fans in selected countries that place bets on matches, and how many of them say they make money from it in 2021.

*Respondents who say that they win money overall in the course of an average season.
n=13,300 adults (16+) interested in football. Conducted in May 2021

Source:https://www.statista.com/chart/26706/share-placing-bets-on-football-matches/

Football is the main sport on those selected countries right? But I was surprised to see that under 50% of their population who place bets on this game. I was expecting more than that. 4 out of 5 country plays better. I think that was acceptable somehow? Maybe people on Italy doesn't have a nice luck when it comes to betting.

Football betting pays off the most if you can produce more wins over your losses. If not then I think many are still going to do it only for the sake of being entertained. I know that watching the sport alone is entertaining already but that feeling can increase dramatically if there was a money at stake and you put it in your favorite teams.

swogerino

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Those are some nice stats but I think as with all statistics we miss the real big picture of sport betting in the whole world.A lot more people than the pic here bet on sport betting,however it is a good measurement of the countries who play better and win more in sport betting from such statistics.

I think that football betting pays off only when you are patient enough to not get mad even when you lose a couple of bets but you see the overall picture in the long term and you are able to pick the right games.Nowadays betting on single events is the best option to win at sport betting as we have seen as soon as we make 2 or more games in a parlay chances to win the ticket reduces in a drastic way.

Fortify

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Quote from: Wapfika on July 27, 2022, 10:37:15 AM

This chart shows the share of football fans in selected countries that place bets on matches, and how many of them say they make money from it in 2021.

*Respondents who say that they win money overall in the course of an average season.
n=13,300 adults (16+) interested in football. Conducted in May 2021

The trouble with these sorts of data and graphing is it doesn't really represent an accurate figure. Unless you're getting the raw data from a reliable selection of sportbooks (who would most likely never share what could be perceived as valuable information) then it can end up with all kinds of discrepancies. It can even be a cultural thing, where Italians are very macho and it is not macho to be a loser - so they might decide to lie even if it is an obscure anonymized survey. There could be other things going on like slight differences in translations which encourage people to pick different answers, or even where the data is gathered - if your respondents from a particular country are more clustered around the best performing team then they might genuinely win more.

Rruchi man

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Quote from: Don Pedro Dinero on July 28, 2022, 01:07:46 AM

This is a complete departure from what would be a scientific study, as people tend to exaggerate their winnings and minimize or hide gambling losses, which means that these data are not reliable.

I also find this data unreliable and with the potential to be misleading, because if people say betting has paid them that is they have made profit from it, how much really have they made? Can they really beta their chest and say the amount altogether is substantial enough to say that they are making profit or the winnings they have made are just little little compensations for the massive losses they have made. IMO this data should have included benchmark amount that can be generally accepted as profitable.

I didn't see any African country on the selected list however I'd like to say that my country has a very high interest in football and roughly I can say majority of sports bettors bet on it. There are regular and many stories of how people have earned substantial sums from it, hence many people around me including myself bet regularly/occasionally... So yes football betting can pay off.

Pierre 2

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It is no surprise to me that mediterrenean countries have the most passionate and even bet loving fans. Especially Italian betting must be big business. But other data where they asked people if they think they won a money seems biased to me as well. People would love exaggerate their wins, and generally ignore their losses. Those stats are like "who are the biggest liars?" in my opinion. I personally love to bet on football although I generally target low scoring teams to get better/surprising odds.

tokeweed

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Quote from: passwordnow on July 28, 2022, 07:04:45 AM

That chart won't be enough but looking at it at first glance will make you think that football betting is profitable. But that's not the whole point of it, there should be like +/- stats from those people that have been part of the survey. Just like the usual survey that we see on different industries that they're including the margin of losses and points which is part of statistics that must be done.

From personal experience I think betting on football matches especially the EPL is really tough. I've only had one great season in betting football and the rest are a mixed bag of results but leaning towards negative. Lol. It's because the lines are way more efficient than say a sport like MMA where the books get it wrong more often. And the draw is a real factor in football which makes predictng an outcome a tad harder. Not so in MMA.

Eternad

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Quote from: passwordnow on July 28, 2022, 07:04:45 AM

That chart won't be enough but looking at it at first glance will make you think that football betting is profitable. But that's not the whole point of it, there should be like +/- stats from those people that have been part of the survey. Just like the usual survey that we see on different industries that they're including the margin of losses and points which is part of statistics that must be done.

For survey done by private company and do it in public I think this data is already sufficient because no one will be interested on answering the survey with a question like IRS is interviewing them about the complete details of there gambling stats.

This is just a survey to see the overview about how profitable all those who interviewed. The point is getting the percentage of winning out of the total participants.

Topic: [Infographics] Does Football Betting Pay Off? - page 3. (Read 456 times)