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

People should make their own decisions and not follow the advice of tipsters or sport "gurus".  If these guys had such a sound strategy they could use it to make money themselves, they wouldn't have to sign up subscribers to make money.  If you want to make money in sports betting you have to do your own research and make your own decisions. 

Well, you are right that we cannot rule out greed from the equation, but at the same time, we also have to understand that the wrong mentality is also a huge factor that has made people lose so much in gambling.

A lot of people have forgotten they cannot see the future and they have turned themselves to a god that sees one, and then they just based on that emotion and mindset, make decisions like going big thinking that no matter what one team will win over the other, and so on and before you know it, they are down in bucks and trying to look for a way to recover, which even sets them to more risk eventually of losing more.

In actual there are many things that we should taken in our mind during the Gambling Because gambling can't results into profit for long term because the main factor behind this well of loss is loosing temperament and not trying to understand the circumstances under which we bet .
Here two factors works mainly as a greediness in our mind .
First factor, when we made a better amount of profit then we think that we can make more and more because our luck is better , but as everyone knows that luck will not give support to your life everytime .
Second factor, when person lost everything but still he has something to bet and want to get everything back by single bet , since he lost everything but still have hope that he will come back in this game again .
In this way a better lost everything in the illusion to make big amount of earnings through gambling/Betting .

Apart from even betting without any analysis of the game which is all centered on luck anyway, no matter how much you try to analyze sometimes, the thing with most sport betters is that they are always not cautious of their losses when put against their winnings and they get greedy a lot as well.

It is just like any other form of gambling, since we cannot see the future anyway and the thing you want to be doing is to predict what the future possibly holds and in that case, you really should know the chances of losing are higher than the chances of getting lucky and you want to play safe based on that knowledge but very few people do and not just in sports betting but general gambling.

I wonder who the 2% that win in spot betting are. I think that are the deciding game group, that’s why they win every game. The rest 98% do not know what’s going on and they lose the bet. If you bet on local sports then it will totally depend on luck but internationally most of the games have been decided earlier. Prediction has nothing to do with sports betting.

So this is just an advertising thread of his service "vegasconsultant". 98% is just too much IMO, if it is true then the number of sports bettors are reduced so much already these days but in fact it is increasing year by year.
Saying 98% sports bettors lose money just to attract people to buy your sports tips? Hmm I do not think it is a good advertising statement because it is like an attempt to fool people by using fake statistic or invalid statistic.

Everyone in this world wants to get money easily. Most of the sports games are fixed for this purpose and people do not know the end of the game. If they know that the game has been fixed they will never whole only those would lose who do not know that the game is fixed. Casinos cheat, online gambling has more risks from these two. In these situations how a gambler can win?

In fact, I have never followed the predictions of tipsters wherever I wanted or were betting on sports, because after all gambling with owning or using my own predictions would be more special. So until now I have never known what percentage of luck the tipsters have, if they have a high level of luck, then I'm sure many people will recommend it.

This lambasted the face of all sports tipsters if they would see this thread and no one seems to gain interest with tipsters anymore, But judging with the percentage you got even with many analysis at hand when a said game to bet on there is still a bigger chance that you could lose, I mean that is the way gambling will be but with a 98% of losing rate I really think this idea is not accurate at all it looks like a speculation than an analysis because there is no research involved with it, I still think sports betting has a small risk compared to other gambling platforms.

Greediness is the matter for a this lose we see in gambling, if you not be careful and worry on loosing fund also there is much possibility to grow more in the marketplace guys.
Long term is the word not suits for gambling it is just can be used as the entertainment factor only.
So don't have your fund at all the time on gambling site or anything.

Whatever type of gambling if we cannot control ourselves, it will have the effect of losing money in the long run. It all depends on ourselves, be a smart gambler.

He did. 98% looks better than 99. It makes it look more real since 99 is abused so much.
OP is only trying to show how inferior a typical gambler is compared to his guaranteed picks. 
This statement about 98% or 99% of players losing in the long run is exaggerated. I'm sure that more than 50% lose but not 98.

I was saying exactly that... without any analysis and long-term report, it's impossible to say if you'd be profitable (or not) following tips from their service. But what you're saying is naive. No amount of analysis and reporting can ensure profit. If only 1 or 2 are wrong out of 10, then you're probably betting on low payouts, which isn't anyway what tipsters tend to give out (betting on 6/5 isn't a tip!). Like SyGambler says, there are good tipsters out there, but they don't bet on confidence, they bet on +EV and value odds. Even so, variance eats you up quickly at some point in the short and medium terms, such is the way of gambling. Even in sports betting.

OP just posts here every two weeks or so trying to advertise his service , I have asked him many times regarding why they have high price and if they can provide a full tracked record for their past picks using a 3rd party site and he never replied to me

once I saw the topic subject I thought this will be a helpful topic , but he did all the math based on his experience with his followers and I'm not even sure if he is really telling the truth or just posting trying to get new customers

in general a few percentage wins with any type of +EV gambling or trading , don't have accurate numbers tho but it's way over 2%

If someone losing more money on the sport bets than he is betting without any analysis of that game if you ask me the sport betting is more profitable and successful when we knows about that game so if you have not enough knowledge about the game you are going to bet then better staw away from it but the problem for sport bettors is the match fixing some big players can fix the games and make all of us fool.

Is the reference to the information you provide reliable? Are you not worried about becoming a FUD? One of the most popular and well-liked gambling games is betting on sporting events, gambling players and sports enthusiasts betting to increase enjoyment while watching, many people who benefit greatly from sports betting and those who lose, no matter how many defeats experienced but this gambling game is always in high demand.

LMAO 98%? Where the hell did you get that statistics.

Sports betting is different as compare to lets say a on-line dice game or slot machines. You have total control of your betting strategies here and I'm sure that majority of sports bettors and on the positive side. I have met a lot of them, and they all say the same, if you don't analyze the game you are going to bet, then don't bet at all. It means those guys really does spend a lot of time and wouldn't just place their money in order to lose. And they're are very intelligent and smart gambler so I doubt that in the long run, they're going to lose.

Imo, you can win money long term by doing arbitrage bets. Several sportsbooks have different odds which can be used as an advantage to make some profit if you can find the best odds. Another way to secure profits is to bet live because odds can swing heavily from favored to an underdog if you can time it perfectly. There are different ways to win in sportsbooks than the casino that's why a lot of people prefer to bet on sports.

I agree that you can't beat the house since that's how gambling sites make money but you can win money long term with the right strategy and winning is all that matters than beating the house.

I have seen tipsters here in this forum giving away good tips on which one will win and that 98% I guess has no basis that 1 sports bettor always pick on the wrong team to place a bet. There's a lot of sources to hep sports bettor to win, that's why there's odds that will guide would be bettors.

So you based that on the number of responders to your email and not on the actual wins and profits of the sports bettor? I doubt that and consulting with you would be a good idea if you have real results. Almost estimations with everything you are trying to say in this post. Not totally good.

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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