Topic: [Infographics] Does Football Betting Pay Off? - page 4. (Read 455 times)
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.
I rarely bet on Football matches but my summary on betting with this sports is in profit because I just bet on match winner or total goals which is very easy to predict when you are only betting on dominant teams based on odds offered. Football is one of the game that is very profitable if you will just bet on teams that has high probability of winning and up against the underdog teams.
Like basketball, Team that has a good statistics always win on this game so sport bettors that has a good analytical skills about football team has a high chance of winning same as the graph shown which most country is a football fan. Even that percentage seems small for normal viewers, Having a double digit percentage is still a good result to see the numbers of person winning.
Like basketball, Team that has a good statistics always win on this game so sport bettors that has a good analytical skills about football team has a high chance of winning same as the graph shown which most country is a football fan. Even that percentage seems small for normal viewers, Having a double digit percentage is still a good result to see the numbers of person winning.
I guess it's obvious that those countries are really crazy about their football and serious on making money on their favorite sports.
Regardless of the numbers, I think it just represent how big football is, money is flowing in this sports and we even heard of match fixing specially from the lower league because people are willing to bet big on this sports. And again, if it is paying off for some then good, but there could be losing millions as well.
Regardless of the numbers, I think it just represent how big football is, money is flowing in this sports and we even heard of match fixing specially from the lower league because people are willing to bet big on this sports. And again, if it is paying off for some then good, but there could be losing millions as well.
I am surprised with the results in Italy, that means that more than half of those who bet are losing money
Not only in Italy that half of those who gamble are losing, other countries too, but just that more than 80% of the gamblers are lose money to gambling in Italy.really this is not a good thing for bettors in Italy, but I wonder why they are losing so much when they can only be betting on Serie A and as they are from italy would easily have a lot of information about the teams and make it easier for them to make good bets
Are you sure Italians can only bet on Seria A? I haven't heard about this before and I see nothing related to it while I used search engine.The reason gamblers lose is because they gamble more frequently. Those that gamble infrequently win than those that gambling daily or almost daily.
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.
How is it not reliable? I can easily know if I my net profit is positive or negative. I do not see anything wrong about it and people will have to have it in mind that this is just a poll from people. There are many researches or findings like this.But the best and the most accurate information about this can only be from the betting companies though because they have the betting history of their customers and they know the numbers and percentage of those than win or lose.
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What the OP has posted is useless:
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.
With respect to this data, assuming it is reliable, which we have already seen that it is not, we would have to take into account how many of those who win bet that money again, so that the probability of net profit is reduced the more bets they make.
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.
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.
*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
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/
With respect to this data, assuming it is reliable, which we have already seen that it is not, we would have to take into account how many of those who win bet that money again, so that the probability of net profit is reduced the more bets they make.
I'd probably take the results with a grain of salt tbh, I'd consider most people would've only lost or broke even at most with their bets. Or even if they did win, wouldn't really consider the money they won as worth it to be called as "paying off". I myself have won and lost my fair share but I've never really considered it to have payed off, it's just a process now that adds to the enjoyment.
Some people seem to simply forget the times they lost, and celebrate the times they won. It's funny how the brain works. And casinos try their best to make gamblers continue to play for a long time, so that they win a few times, but in the end they lose money if you actually count the money in and out.
Can't blame them, I myself would choose to forget the times I lost if possible, not just in gambling. Data might honestly be more accurate if they were obtained from sportsbooks or something (if possible). Bigger respondent base and a lot more factors could be added in to consider. 
There's probably an issue in relying on people to answer honestly (and know) whether they've actually made money on it or not.
I guess a lot of them with higher profit chances probably bet on fewer games (maybe just a final/semi) while those with a higher majority making a loss would be more likely to bet on more games (some might also watch matches and factor a bet into their ticket cost).
You get better odds if you bet against your own country too (that's probably why France and the UK are high
).
I guess a lot of them with higher profit chances probably bet on fewer games (maybe just a final/semi) while those with a higher majority making a loss would be more likely to bet on more games (some might also watch matches and factor a bet into their ticket cost).
You get better odds if you bet against your own country too (that's probably why France and the UK are high
). Absolutely.
That's usually the case in gambling. People will always tell the stories about when they won, but forget to tell about all the times they lost money.
Some people seem to simply forget the times they lost, and celebrate the times they won. It's funny how the brain works. And casinos try their best to make gamblers continue to play for a long time, so that they win a few times, but in the end they lose money if you actually count the money in and out.
There's probably an issue in relying on people to answer honestly (and know) whether they've actually made money on it or not.
I guess a lot of them with higher profit chances probably bet on fewer games (maybe just a final/semi) while those with a higher majority making a loss would be more likely to bet on more games (some might also watch matches and factor a bet into their ticket cost).
You get better odds if you bet against your own country too (that's probably why France and the UK are high ).
I guess a lot of them with higher profit chances probably bet on fewer games (maybe just a final/semi) while those with a higher majority making a loss would be more likely to bet on more games (some might also watch matches and factor a bet into their ticket cost).
You get better odds if you bet against your own country too (that's probably why France and the UK are high
). Trust is always the issue with this kind of survey but since this just an anonymous activity, Most of them will be honest because they have nothing to lose if they lie about there loss or winnings.
I can vouch about the chance of having profit on betting fewer games because you have less room for mistakes unlike betting many times on sports which will give you a compouded loss overtime if impatience kicks in.
I am surprised with the results in Italy, that means that more than half of those who bet are losing money, really this is not a good thing for bettors in Italy, but I wonder why they are losing so much when they can only be betting on Serie A and as they are from italy would easily have a lot of information about the teams and make it easier for them to make good bets
everyone knows this, but when a person is losing they forget about it and fight to regain everything they lost.
Anyone that wants to gamble should know they should not use more than the amount of money they can not afford to lose.
everyone knows this, but when a person is losing they forget about it and fight to regain everything they lost.
There's probably an issue in relying on people to answer honestly (and know) whether they've actually made money on it or not.
I guess a lot of them with higher profit chances probably bet on fewer games (maybe just a final/semi) while those with a higher majority making a loss would be more likely to bet on more games (some might also watch matches and factor a bet into their ticket cost).
You get better odds if you bet against your own country too (that's probably why France and the UK are high ).
I guess a lot of them with higher profit chances probably bet on fewer games (maybe just a final/semi) while those with a higher majority making a loss would be more likely to bet on more games (some might also watch matches and factor a bet into their ticket cost).
You get better odds if you bet against your own country too (that's probably why France and the UK are high
).
Anyone that wants to gamble should know they should not use more than the amount of money they can not afford to lose. That is what most matters that gamblers should always keep in mind and always abide too. If there is fun been around friends and gambling with the amount you can afford to lose, there is nothing bad there. I do not care if gambling is profitable for me as long as I see it entertaining. Using less than 5% of my monthly income has make it not of stress or of depression for me.
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
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/
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