Topic: Reason why 98% of sports bettors lose money long term... - page 2. (Read 319 times)

Like the above posters have said, I doubt that 98% of all sports betters lose. Most of the gamblers I've met in person actually do pretty well with sports betting. They had experience for years and use that knowledge to their advantage.

If there is any type of gambling where 98% of betters are losers then its the state lottery. Why? Because most of those people even if they actually win anything, they just re-gamble it back and end up losing it all anyways. Most likely only 2% or less are smart enough to keep their earnings and walk away.

I knew so many people who won like $1000 or $5000 in the lottery and then they go back and purchase more tickets because "I had a dream with the winning numbers" and they end up losing all their money.

I dont agree with you If you properly do analysis and prepare report then in long term you will be in profit. out of 10 match only 1 or 2 will go wrong. But if you follow properly the rules of same budget game and dont play daily only bet on matches which you have fully confident.

Clickbait title is fine, but for a sports tipster, that's an incredibly terrible use of statistics. You sent an email to 1000 people? How many were active users? How many of those who didn't use your tips did better than you? Who knows? You didn't track that, so there's no statistics, just lazy arithmetics.

Tips are okay but if you don't have a history to show, there's little that can be said of their worth. 10 games? Bet base? Got to do better than this if you're selling a service.

I absolutely agree. This is also why if you’re relying on using tipsters to make bets, the win rate doesn’t necessarily matter, as you don’t get nearly as much money from betting on a favorite team. Most people can attain a win rate of at least 70% just betting on a favored team to win, so when I choose to use a tipster, I look at some individual bets that they’ve done in the past to get an idea of how good they actually are.

I must criticise your approach of message delivery which you really need to work on if you will need to communicate with the community and along the line advertise the services you are looking to offer. You made mention of three reasons and on reading through, there is no identifiable point to focus on those reasons.

The major reason I know sport bettors make losses in the long-term is ability not to do proper account of their winnings and losses. They get carried away by the few winnings they get once in a while without considering the amount of losses they have suffered and the odds that comes along with those outcomes. By the time they realize, they would realize that they are worse off than when they started.

People do think sports betting is any different than stuff like dice. It is not, the odds are still there and favoring the house, if you think that you can win for a long term in any sort of gambling then you are VERY wrong.

There will be days when the team that suppose to win will win which means you make a small win however when you bet on an underdog you may lose or even if you bet on the team that suppose to win you will still lose sometimes. Which all comes down to house edge, there is house edge in dice and there are "odds" in sports which is basically house edge as well, you cannot win on long term.

Even many gambling houses are claiming that their sport betting platform is working as per the concepts of p2p, they are not actually in real time. This the core reason why we do get different results compared when we do bet with our colleagues in real life.

Where did you get the 98% statistic from? Seems like you just pulled that out of your ass? I doubt the numbers are as grim as you mention, as most sportsbook don't even have anywhere near that sort of margin on their odds.

yeah to be honest sportsbetting is probably the most serious commitment I have ever been involved in , I left a horse racing tipster after a huge downswing that yielded me a lot of loss and right after I lost he start winning back and recovered like 60% of what he previous lost

but this is not the reason why the majority fail , it's just like poker and trading where a small percentage wins and the profits are coming from the people who are losing
so to be honest I can only see you promoting your service without giving info related to the subject that you wrote

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FOOTBALL: USA, NFL - PHILADELPHIA EAGLES -3 (-120)  LOSER
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FOOTBALL: USA, NFL - CHICAGO BEARS -3 (-115)  WINNER
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