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.

And this shows once again that unless a study is conducted under the correct methodology then the results are completely useless, our memories are not perfect and if to this we add that we have no incentive to remember the times that we lost as they are too painful to remember then we can easily see why so many people think they are profitable when that is not the case, this reminds of a study I read once in which the majority of the students thought themselves to be above average when it came to the work and time they dedicated to their studies, something that is mathematically impossible and yet that is what they thought.

It depends on how you use gambling because if you can manage yourself when you gamble. Many people lose control when they play gambling, which causes them to get on the bad side of gambling. If you can avoid it, you will be fine playing gambling and instead, you can enjoy gambling as a means to release stress and as a fun pastime. But if you think about getting money from gambling, it will only make you try to chase wins and what will happen the other way around you will get a loss when playing gambling.

Gambling has it fun but again it also have it bad side, because when you losing you tend to forget about how much you losing all you can think of is how to regain your money and even win some profit. It fun when you winning and things will just keep going in your favor. No matter the situation just gamble responsibly.

Well, it is a fact.

We just don't want to remember how much we're losing unless it's on our books and we do have a record of it. But as the majority, they will say that it's not recorded but we remember figures.

Both of it, win and lose.

I agree, they're a business that will be gone for long if majority have been winning.

This is curious, I would have assumed that people from Germany placed more bets considering they have quite very good football teams.
It is also worth noticing the fact they have quite a relatively low position on the percentage of people who place bets but a high percetange of those who actually report earning money from those sport bets.

It would be cool to see a similar study buy including countries from Latin American, in special Argentina, Brasil, Chile, etc.

I don't know bout you guys but for me a small profit is still a profit and I already considered myself as successful with it. When there is a success there is also a failure and for me a failure is when you lost a portion of your balance or went home empty. Sometimes it is better to take home small profits than wanting for more because shit can happen and you will not only lose what you already gained but you can lose all even your starting balance.

I agree what you said there about football betting. Not all are into sports and even if they are into sports, they may still not be good at analyzing a team so football betting is not worthy for them.

I think the general result from the infographic is not winning in matches but rather winning/profiting off of it in general. Though I do think this infographic either showed what you actually indicated ( only losing more than winning in their entire gambling experience) or the people who actually won can actually be described as "barely" profiting off of their overall bets. Overall I wouldn't really consider this to be actually true or accurate, a lot of information on the internet is put over the top after all to attract views and attention.

I'm pretty sure that a great deal of the people that said they are actually earning money are losing it instead, people have a very strong tendency to remember the times they won and to forget the times they had lost, it is why it is kind of a waste of time to read studies in which people self-report because there is a very strong bias to remember only the good outcomes they had, after all if there were that many people earning money out of casinos I doubt they could remain in business for long.

the real question it should be... how much they win? These percentage of people betting what are achieving?
Some times ago I have found some data that shows that a good gambler can earn 8% from the total wagering of one year.
I am pretty curious to see the real data about these wins ...

This is true and this is what i do felt out even my capital was just break even or even on profit on very small amount but still you could really feel out that you are really still in loss which it cant really be avoided

for you not to feel those emotions or reactions but if you are someone who do really get used to with these kind of scenario.Back to topic about Football betting pay off?
Totally depending because not all would really be in similar when it comes on putting up their choices and the analysis that they had put up into.

In that case, if the gambler ended up with more money than what he initially started, then that's a successful gambler. It's just math.

Now, in the head of that person, it will probably feel like he lost, because our brains perceive losing more intensely than winning. So, let's say he won and lost, and eventually ended up with the same amount of money he entered, he would feel the losses more than the winnings, so it will be a negative feeling in the end.

This is called loss aversion: https://en.wikipedia.org/wiki/Loss_aversion

I don't know if anyone above me has already mentioned this.
What about a guy, who made 100 losing bets of small amounts of money and only one extremely lucky bet that won 10x or more? Assuming that he made more money with that bet than the money he lost. Does this make him a successful gambler or a loser? Maybe he sees himself as a winner, while in reality he's a loser, who happened to be extremely lucky for once.
I also think that many sports bettors are exaggerating their success so this survey can't be accurate.
Why aren't other European countries included? Football betting is very popular in my country. The TV shows are full with football betting ads.

But it's not good when the numbers they're showing could potentially mislead other people from trying out sports betting and make them think they could easily do the same but in reality, the actual percentage is much lower.

Also it'd be interesting to see the other numbers like the total amount of bets that each gambler has placed throughout the season since it's possible for the percentages to be accurate if most of them don't place a lot of bets.

don't take the infographics seriously. it can only be one of the sources of information. in my opinion, you can't treat it as one of the absolute truths about football betting. there are so many factors influencing the data, and you have no idea how they came up with this graphical representation. at the end of the day, every infographics has their own flaws. but we can appreciate the fact that they have done such survey.

Eventually the things you say here are true, many people can lie, sometimes that can damage the results and you can't have totally truthful information, although I think one thing, and as my personal opinion there is one thing that influences many of us , we can have a lot of knowledge, but if there is a team associated to our liking, even if the team is at its worst, the person will always bet in favor of that team, just because the fundamental part is much stronger and weighs more on the team. when making a decision that the same reason for reality, and only this, what we commonly call "emotions" is sometimes far above our own perspectives and can damage a decision.

It is because of this the survey is not very useful, not only the memory of people is not perfect but their perceptions can change, so if they won recently they may think they are long term winners when in fact that is not the case and affect the results of the survey, also even if we could find gamblers with detailed records about their bets and they were the only ones included in the survey this will skew the results towards the professional players, as only them will have such records as most recreational gamblers will not bother with such a thing.

This is quite logical, because if a better wins a bet with odds of 1.5 and loses one bet, then in the end he has -25% of his initial money in the end. In addition, if you try to calculate the percentage of betters who are in the black (for the entire history), then this percentage should tend to zero, the problem is that the survey will never show such data.

That's what I'd expect, although if asked I'd say that it should be closer to 40%. The problem with people's opinions is that they're always biased and they see failures as more significant than achievements. So if you have an average player who wins exactly 50% of his games, he'll feel like he's not making enough money. He'll respond to the survey by saying he's only winning 40% of the games because the impact of a loss is much higher than a win even if he has both in one day.

Fair remarks, but if the statistical sample is large (judging by the * it is huge), then the results are close to relevant, since distortions in different directions compensate each other on average, and if we take the lie factor, then it is presumably the same for different countries. Therefore, the difference between countries is most likely identified accurately. As we can see, the Germans are the most conservative, and the Italians are reckless - an exact match to the stereotypes (which also have a basis).

It is difficult to judge how true these figures are, but if true, then we can assume that Italian football fans are the most honest   By the way, last season was really very random in Serie A, and it turns out that this poll has a clear correlation with what happened in the championship.
As for the overall share of fans who place bets, I'm surprised - I thought it was much less, no more than 5%.

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. 

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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!!!

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 ).

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.