Topic: Why do 90% of Bettors Lose in Sports Betting in the Long-term? (Read 2137 times)

You can bet incorrectly and even win by luck for a long time, but not indefinitely. That's one reason why many people believe they can analyze the market and the teams.

Do you truly believe that you alone can consistently outperform the full-time analysts hired by bookmakers to set the odds?

Only a very small number of professional bettors can eventually achieve this...a very small number.

I remember a guy who posted here in the forum that he made $90k from just $4k by following the pattern of betting with all the money won from the previous bet in the next bet, and when he made the bet with $90k, he lost it all. He also mentioned that he had made about $400k once using the same pattern. I don't understand what's the point of winning so much money if you are losing it all at the end of the day and aren't using it for something useful in your life.

A lot of gamblers manage to win significant amounts of money with just a small amount but they never stop and withdraw that money but lose it all again to the house, such wins are basically useless unless someone learns to control their greed and starts practicing the perfect time to stop when gambling.

maybe if you bet just for fun without betting every day and only once a month or once a week it does not matter if you increase the bet amount but if you do it every day its very bad for me.
and regarding betting with your friends in a certain group it sounds like pooling money with your friends and when you win share the results fairly. Is it true ?
if that true it fine as long as you use a small amount of $10 and risk with your friends like for fun but to me it seems a bit difficult because in the end it will be greedy again. I mean like myself if I bet with friends to collect money in a certain group and see my friends betting more than $50 I think it looks like I also have to bet more than that and when I lose I will definitely regret it too.

To make it easy to understand, what they are doing is hating winners and loving losers. The reason they are so profitable is that the majority of gamblers are losers. This is normal, I suppose, because they are the ones running the business. With this advantage, they will certainly win in the long run.

One of the main reasons they become more profitable is that we gamble irresponsibly. There's a saying that you should gamble based on what you can afford to lose, but sometimes we go beyond that. That's stupid.

Increasing the number of bets in the same game will not guarantee a win, especially in luck-based gambling games because everything depends on the luck of each gambler. There may be gamblers who can win by increasing the stakes but most gamblers will only experience bigger losses. They must estimate their spending on gambling and it is not feasible to increase the bet amount if the result is the same as before and will give a bigger loss. It's best to stick with low stakes and not try to chase a win because it will be difficult.

very good strategy

Bankroll management is a complex topic, but I wouldn't say there's any inherent value in saving some money for the future betting. If you spot an amazing opportunity of a high value bet that does not come too often - there's nothing wrong in putting all your available gambling funds on it, provided that money is earmarked for gambling and you can afford to lose it.
The priority should be to aim for the maximisation of the profit and not to last long just for the sake of it.

Some people do increase the betting on the same game and it leads to huge loss.It's essential one to save some money for the future gambling.The should have an disciplined game with certain interval on the game.So they won't loss the hope to get back the loss money.The potential to recover the loss money from the same gambling will be the character of the experienced gamblers.As like trading of cryptocurrency with the ten dollars,many gambling games was their below five dollars to ten dollars.The only difference is the winning money from the low bet will be lower as compared to the winnings of the high bets.

While it's probably true that many gamblers like to increase their betting sizes with their winnings they make. I also think that there are is a large fraction of gamblers that are more disciplined and save some of their winnings. At least for me and most of my friends that like to place bets on sport games, we have a group bet on big tournaments where everybody puts in 10 USD. We have been doing this for a long time and when we win, we still keep betting only the initial 10 USD and have a few beers with the winnings. To me the 90% of people losing seems like a way to high number. There must be many more people that only bet on large tournaments and focus on save bets, where the chance of losing is fairly small.  And like you said people that only are using sports bets to make money, will take out winnings to invest them in other things too, for long term profits outside of gambling.

If you're a winner, the bookmaker will eventually restrict your account. Therefore, it becomes necessary to create multiple accounts.

Conversely, if you're a loser, the bookmaker may offer higher limits and bonuses.

That sums it up.

@Maslate @bittraffic yep, that's what I mean here. so its not wishful thinking or any guarantee but this is about ways to minimize losses when betting on sports betting even though everyone has a different fate because even though we have seen the live broadcast of the match we cannot cash out because the live broadcast with the sportbook platform has a few minutes pause so we can not cash out.
its just that Im saying this so as not to lose too much in the long term.

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try to read and understand carefully before commenting and I want to ask you whether planning and targeting are the same?
Im here talking about planning in the sense of planning win limits and planning loss limits. and also @piebeyb has the same intention as I said when he is lucky to get a win he has a winning limit that he must reach after that withdrawing funds from the site does not mean the target has to continue betting to reach the winning target. until here you understand?

you say something contrary to your own words. if indeed you do not know when you will win, why do you withdraw your winnings?
if you do not know when you will win, its better not to bet and leave gambling. quite simple

setting a winning target would likely be akin to being greedy? Lol Im not saying anything about greed here.

so, when you want to become a professional gambler, you have to have a big budget? is a $1k-2k budget not enough to be a professional gambler?

Professional gamblers are not judged by the amount of budget they have, but professional gamblers who have expertise in betting without having to lose in the long term and always plan every time they place a bet.

We all know that winning is greatly influenced by luck and when one day we don't get luck and have a winning target, are we also going to keep betting until we reach the predetermined winning target while there is a loss of money in every defeat, sorry I'm lacking agree with this kind of way or thought when gambling.
But when we gamble and don't know when we get a win and then stop to withdraw some of the winning money, it's better in my opinion without having to target wins that we can't have for sure.
Setting a winning target would likely be akin to being greedy.

I know professional gamblers must have their own way when it comes to gambling, but all of that is based on experience and sufficient capital which can allow professional gamblers to accept every risk and regulate the actions that must be taken when winning.

I think he meant to minimize the loss if you cash out once you see the match looks too one-sided to win. Somehow your coins will not be robbed from you, just think of it like you are not a spectator in the game to wait and lose but you have the power to also play around.

But you know it pays to be a fan o the sports, know the game, and know the athletes. It's kind of easy to compare it to a boxing match where you can see Crawford has the edge over Spence by watching sports analyst.

It seems that there is a misunderstanding here mate because I honestly think that @len01 is saying differently, so different that you have misunderstood his comment.

It's not a wishful thinking nor a guarantee that watching a live broadcast will help you to win those bets or to prevent those bets from going South because first off, nothing will go South if you don't have any bets on a certain game to begin with. Watch live broadcast will help you analyze the situation and will help you to make a better decision so that you will not lose your bet.

well, here a simple but very correct answer. planning wins or planning for any losses that must be managed neatly to avoid regrets due to defeats in the long term. this method is usually used for professional gamblers to manage finances in gambling so that it is not too risky within the specified period.

maybe you do not understand what I mean here.
I mean when choosing several teams to include in the bet slip and several teams have won but the last match is still ongoing you watch the broadcast of the match see the condition of the team you choose is in a bad situation you still have the opportunity to cash out instead of having to lose all the money and wins that have already been won.
this goal is not out of fragile self-esteem but what gambler would gamble only to lose all his money and luck? although a gambler who bets for fun he also wants to win from his bet.
as told by the OP, several of the teams selected have won and large amounts of money are in sight, its like luck and if you have the opportunity to cash out, why not?


indeed gambling is a risky place and maybe your life is also at risk but if you have chosen to make all the bets you really have to accept all the risks. but its not about whose sports betting is not about risk but its about why bettors lose in the long run right?
so its only natural that any gambler who bets on sports betting is looking for any effort to minimize losses because I tell you as an ordinary gambler, not an addict. maybe a gambling addict will continue to gamble, taking every risk, regardless of whether he is confident or not, the most important thing is that he bets to satisfy his addiction. maybe this is obvious.

Well, in betting, we will always have a different position from the style of games of others, now, for us, we will guide through a live broadcast, things can be counterproductive, it is known that in a live broadcast, some do it just to be able to monetizing, winning and risking money and I go out when the streamer makes his decision to do it, if we assume the responsibility of what it means to do it, it can happen that he wins or loses, the live transmission is a means that is used to be able to do many things and also have a guide, but it does not mean that it is the right thing, we are also saying that this 90% of the players lose in the long term for me it can be much more than 90%, because each time it is done a bet and it is not won, then the person seeks to do more things to recover the lost money, but that becomes a double-edged sword that I do not recommend, also in the long term it is difficult to have a statistic, unless the player Whenever you play, record everything and have that statistic for him, although currently the casinos have game records where they keep the statistics of each one.

In this instance, that statistic of 90% of players lose in the long term is very true for me, and I don't know what basis you can take it on, because there are players who bet little money, medium money and others who bet a lot of money , which at least I don't do because I know what my capabilities are and that is something that I would not risk, this has a lot of analogy with trading, because trading also handles statistics similar to that of the game, only that the mere fact of Being trading all things change, and from every point of view things are not the same.

I am one of those who do not have control or statistics of their games, I do not know how much I have lost, how much I have won, but in the game who would not want to not belong to that statistic? It is difficult, but each player must make his own strategy so that he does not belong there.

So, you think watching a live broadcast will somehow protect your bet from going south? There's a difference between strategy and wishful thinking. Relying on a live broadcast might give you a sense of the game's flow, but its no insurance policy. And as for cashing out on teams that have already won - thats just a mechanism to protect your fragile confidence.

Higher odds in multi bets obviously mean higher risks; thats Gambling 101. But if you’re not up for the risk, maybe sports betting isnt your game. It sounds like a lack of discipline and strategy on the bettor's part rather than a flaw in the system. Instead of constantly seeking "efforts" to minimize loss, maybe it's time for a change in approach. Stop throwing good money after bad.

Sport bet does also consist of luck due to the underlying factors that could make a game go either ways that can best the possibilities in your analysis of the games, i agree with the truth that analysis is one of the vital tool in sports betting considering how available football histories are and clubs previous statistics can easily be monitored and that can influence your decision on which team to give the winning to and what are the possible odds to do that.


Football games are the easiest to predict sports since football has larger fans and its discussions are readily available such as the past match analysis features and players' skills., all that contribute to what makes the decisions of the bettor

When it comes to losing rate, all gambling has the same losing rate because of the unpredictability of games,  this has made it hard to stake right even if all your calculations in terms of odds and the rest of what have you, but even at that you still need to depend largely on luck to be able to win.


Sometimes, what affects sports bettors most is their inability to take decisions at the right time and this is what we all must have to look into in our attempt to discuss the possible cases of high losing rates compared to the winning rate.

that's something that usually happens to bettors because we as humans still have greedy nature so that every win will never be satisfied and keep on risking the winning money to bet again so we can get bigger money, but in fact most lose in the long run if you still use With such a betting style, the bettor must know when to bet and when to stop betting.

I'm not a hypocrite with all of that, sometimes I also still do things that every time I get a win, I always feel dissatisfied and keep betting again to get bigger wins than before, that's because I also experienced the same thing and had experiences like that, just sharing stories. that every bettor should be able to set targeted wins so that they can withdraw the winning money and use it for investment, then come back in a few days to bet again. it has to be long term

Every prediction that we make must look at the results of the previous match and try to see what percentage the odds are for both the previous match and the upcoming match. I don't understand how do you mean the relationship between the payout rate and the odds of winning at the expected bet value. Is do you mean how the casino pays for each win?

If that's you then will bet on plen A or plen B, I also know that many people look at the odds on every prediction given by the site and they will try to analyze the match before deciding to bet. So many people see the same opportunity in the predictions given, but I also don't forget my own instincts before deciding to bet on a particular match.

That is what is called gambling and there is nothing easy in determining the value before deciding to place money on certain bets. Certainly gamblers will never be able to surpass the dealer in case of winning and that's why people say it's better to be a dealer than to be an active gambler. The job of a bookie or gambling site is always to serve customers to make money for them and that's how they make a profit every day.

If you lose control in gambling, the risk of loss will be the responsibility of the gambler himself, therefore a gambler must be able to be responsible for the gambling he is living. Compared to other gambling games, football is a much more rational gamble because we make our own predictions about the outcome and don't completely rely on luck to win the bet.