Why do 90% of Bettors Lose in Sports Betting in the Long-term? - page 3.

len01

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Quote from: ethereumhunter on August 11, 2023, 07:14:59 AM

Sports bettors who can make money on sports betting exist and probably continue to gamble today. And I also believe that they are investing it elsewhere because they think that nothing lasts forever and they have to have a business to keep making money even though they are still betting on sports.

If they invest the money from their winning bets elsewhere, it doesn't mean he doesn't believe in his skills but it shows that he can be wise and know when it's time for him to stop betting. People who can make money from gambling in the long term have more experience and a high degree of skill so they can see things from different angles and decide what is best for them.

out of 10 wins I think there will be some losses and its not sure if the wins are worth the losses because even though betting strictly on every sport does not guarantee always wins.
I know what you mean if a gambler gets a big win from gambling or gets a win every day after that the winnings are invested elsewhere which has a little risk that does not mean he not believe in his skills but he only thinks in the long term and someone does this have a good mindset to manage their finances. so gamblers like this can be said to be professional gamblers.

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Quote from: AmoreJaz on August 07, 2023, 06:26:06 AM

Quote from: swogerino on August 07, 2023, 04:58:11 AM

Quote from: pawel7777 on August 07, 2023, 04:02:29 AM

Quote from: Helena Yu on August 06, 2023, 11:02:18 AM

That's why most of bettors always lose, even though many people say it's a skill based game, but it's still not enough to give a higher guarantee the gambler will win and beat the house.

As much as I agree that some types of games that are considered gambling are actually skill games (namely poker) I wouldn't say the same thing about sports betting. Sure, if you have good analytical skills and knowledge of the particular sport you could potentially spot opportunities when the odds are misplaced by bookies giving you the mathematical advantage, but that's more about finding anomalies. By design, sports betting is not far away from "classic" casino games where the house has the edge. That's why we don't see many (or at all?) professional sports bettors.

I agree,many people claim to be professional sport bettors by opening several accounts in tipping websites and other related channels in social media yet the fact is that they all lose in the long run simply because as you say it is hard to always hit a win in sport betting.Especially in tennis where they have the low odds of 1.15 and such,I once payed a premium subscription in a tipping service,not much just 9.99 GBP monthly and what these guys were doing was collecting such 1.15 odds from tennis,basketball and other sports,they almost never used soccer and making a parlay with odds of 2,I must admit the first month I ended in profit but several months after I ended up losing big amounts so I don't think anyone can win in the long term in sport betting.

i believe, there are few of these sportsbettors who can win in the long-term. but those sportsbettors somehow invested some of their winnings to businesses, so even if they go back to betting, they have other means to earn money, so they are not totally broke.
but for those bettors who are always going all in on their betting activities, i guess, they are the ones who will go bankrupt in the long run. as they have no back-up plan to address their financial losses from gambling, they will soon find themselves financially rekt.

Everyone who is a gambler should have a different source of income. Many who have been involved in gambling for a long time have learned to understand well why it is necessary to divert money from gambling to other businesses. Many gamblers prioritize emotion when it comes to sports betting and that's where their chances of losing increase. Gambling result is zero if all money is lost after long time betting. Moreover, since the possibility of losing is high in gambling, there is always a need for money. If there is another source of income, then a gambler's gambling risk can be reduced, if the risk is reduced, there will be less human pressure, so a gambler will be physically healthy.

ethereumhunter

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Quote from: pawel7777 on August 08, 2023, 10:47:41 AM

Quote from: AmoreJaz on August 07, 2023, 06:26:06 AM

i believe, there are few of these sportsbettors who can win in the long-term. but those sportsbettors somehow invested some of their winnings to businesses, so even if they go back to betting, they have other means to earn money, so they are not totally broke.

Have you actually met or heard about any real-life long-term profitable sports-bettors, or do you just believe they exist?
If the story is real, the very fact they they had chosen to take their capital and invest it somewhere else would indicate that they themselves didn't have much faith in their betting skills working long-term.

Sports bettors who can make money on sports betting exist and probably continue to gamble today. And I also believe that they are investing it elsewhere because they think that nothing lasts forever and they have to have a business to keep making money even though they are still betting on sports.

If they invest the money from their winning bets elsewhere, it doesn't mean he doesn't believe in his skills but it shows that he can be wise and know when it's time for him to stop betting. People who can make money from gambling in the long term have more experience and a high degree of skill so they can see things from different angles and decide what is best for them.

STT

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There was a story line in the Wire tv series where the guy follows all the teams so well he has been able to establish a positive track record over years for predictions vs odds. However this man is so conservative he never actually bets, all he does is log and record each game and no doubt watches the games. He isnt being biased by the money involved because he eliminated it altogether. The TV series was written by a couple of ex reporters, ie. alot of the story themes were real or based on actual events they had witnessed or written about in the newspaper in prior decades.
I think it is possible to bet positively but sometimes the odds are poor and you should walk away from poor value bets, a team can become too popular relative to their skill and risk of losing but people bet their favorites regardless not many trouble over exact detail and maths behind it all. It is certainly possible imo with alot of work.

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Quote from: Westinhome on August 10, 2023, 07:05:15 PM

Quote from: Helena Yu on August 06, 2023, 11:02:18 AM

First and foremost, gambling is always depend on luck.
Second, the additional withdrawal fee, the commission odds, the rules e.g. wager amount to force you to gamble more.
Third, you're just not good in sport.

That's why most of bettors always lose, even though many people say it's a skill based game, but it's still not enough to give a higher guarantee the gambler will win and beat the house.

...The people with skill of certain game will get some guarantee win with last price and winning is most important by using the skills.

I could not understand what you exactly meant by this.
To me there is some skill within sport betting, it is mostly about luck, sure. But unlike gambling one as bettor have a small gap to analyze the possibilities, statistics and other factors in order to increase the chances of predicting an outcome.

Quote from: Vaskiy on August 10, 2023, 07:47:16 PM

Quote from: pawel7777 on August 08, 2023, 10:47:41 AM

Quote from: AmoreJaz on August 07, 2023, 06:26:06 AM

i believe, there are few of these sportsbettors who can win in the long-term. but those sportsbettors somehow invested some of their winnings to businesses, so even if they go back to betting, they have other means to earn money, so they are not totally broke.

Have you actually met or heard about any real-life long-term profitable sports-bettors, or do you just believe they exist?
If the story is real, the very fact they they had chosen to take their capital and invest it somewhere else would indicate that they themselves didn't have much faith in their betting skills working long-term.

Agreed, and I'm not sure of it. There are chances of gamblers profitable with sports betting in the long run. This happens with gamblers who mostly analyse well and go with the right odds even if it is @1.1 whereas most of the sports betting gamblers in the long run tries to bet against the odds to profit big. This used to be lucky and the same doesn't happen all the time. This is the prime reason for loss of gamblers in the long term.

I don't think some sport bettor who is aiming to be profitable as much as possible would dare to go against the odds for the sake of scoring big; to me it sound rather like the fastest way to lose it all, instead an strategy to be profitable in a constant way with sport-betting.

When I think of a profitable bettor, it comes to mind someone who would rather to win smaller amounts going along the odds, instead against them. Just my opinion, of course.

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Quote from: pawel7777 on August 08, 2023, 10:47:41 AM

Quote from: AmoreJaz on August 07, 2023, 06:26:06 AM

i believe, there are few of these sportsbettors who can win in the long-term. but those sportsbettors somehow invested some of their winnings to businesses, so even if they go back to betting, they have other means to earn money, so they are not totally broke.

Have you actually met or heard about any real-life long-term profitable sports-bettors, or do you just believe they exist?
If the story is real, the very fact they they had chosen to take their capital and invest it somewhere else would indicate that they themselves didn't have much faith in their betting skills working long-term.

Agreed, and I'm not sure of it. There are chances of gamblers profitable with sports betting in the long run. This happens with gamblers who mostly analyse well and go with the right odds even if it is @1.1 whereas most of the sports betting gamblers in the long run tries to bet against the odds to profit big. This used to be lucky and the same doesn't happen all the time. This is the prime reason for loss of gamblers in the long term.

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Quote from: Helena Yu on August 06, 2023, 11:02:18 AM

First and foremost, gambling is always depend on luck.
Second, the additional withdrawal fee, the commission odds, the rules e.g. wager amount to force you to gamble more.
Third, you're just not good in sport.

That's why most of bettors always lose, even though many people say it's a skill based game, but it's still not enough to give a higher guarantee the gambler will win and beat the house.

It's true and most important factor the gambler should keep in mind.If they doesn't agree in this fact,then he will do gambling with addiction to taste the luck daily.But the luck is not favor the gamblers all the day.He need to find one game which suit him for long run.Then he must learn the rules of that game completely is most important one.Because rules are most important to get your winning at the early stages.The people with skill of certain game will get some guarantee win with last price and winning is most important by using the skills.

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Quote from: AmoreJaz on August 07, 2023, 06:26:06 AM

i believe, there are few of these sportsbettors who can win in the long-term. but those sportsbettors somehow invested some of their winnings to businesses, so even if they go back to betting, they have other means to earn money, so they are not totally broke.

Have you actually met or heard about any real-life long-term profitable sports-bettors, or do you just believe they exist?
If the story is real, the very fact they they had chosen to take their capital and invest it somewhere else would indicate that they themselves didn't have much faith in their betting skills working long-term.

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Quote from: Sithara007 on August 04, 2023, 11:55:34 PM

Whenever a bettor wins an amount, another one is losing the same amount. And you need to factor in the house advantage as well. So the net winnings maybe less than the total loss incurred by all the gamblers. And then you can add the tax factor. In the end, for the majority of the users, betting on sports events will be a loss making exercise. If the users end up with a profit despite all this, then it means that the sportsbook is suffering massive losses. In this case, the situation is not sustainable in the long run and the online casino may declare bankruptcy after some time.

There is no way a casino or a sportsbook will go bankrupt just because a player win because they set the odds and maximum bet limit based on how much they can pay if the gambler actually wins the bet. And, it isn't necessary that when a bettor wins a bet, another bettor must have lost a bet with the same amount, what if another bettor lost a higher amount? There are different bettors using different amounts and choosing different sides as well.

Also, if a sports betting expert wins more bets than they lose, they will always be in profit even after paying the taxes and everything, but since your luck can also have it's influence over your wins and losses, not every single sports bettor can become successful and there will always be struggling bettors.

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Quote from: AmoreJaz on August 07, 2023, 06:26:06 AM

Quote from: swogerino on August 07, 2023, 04:58:11 AM

Quote from: pawel7777 on August 07, 2023, 04:02:29 AM

Quote from: Helena Yu on August 06, 2023, 11:02:18 AM

That's why most of bettors always lose, even though many people say it's a skill based game, but it's still not enough to give a higher guarantee the gambler will win and beat the house.

As much as I agree that some types of games that are considered gambling are actually skill games (namely poker) I wouldn't say the same thing about sports betting. Sure, if you have good analytical skills and knowledge of the particular sport you could potentially spot opportunities when the odds are misplaced by bookies giving you the mathematical advantage, but that's more about finding anomalies. By design, sports betting is not far away from "classic" casino games where the house has the edge. That's why we don't see many (or at all?) professional sports bettors.

I agree,many people claim to be professional sport bettors by opening several accounts in tipping websites and other related channels in social media yet the fact is that they all lose in the long run simply because as you say it is hard to always hit a win in sport betting.Especially in tennis where they have the low odds of 1.15 and such,I once payed a premium subscription in a tipping service,not much just 9.99 GBP monthly and what these guys were doing was collecting such 1.15 odds from tennis,basketball and other sports,they almost never used soccer and making a parlay with odds of 2,I must admit the first month I ended in profit but several months after I ended up losing big amounts so I don't think anyone can win in the long term in sport betting.

i believe, there are few of these sportsbettors who can win in the long-term. but those sportsbettors somehow invested some of their winnings to businesses, so even if they go back to betting, they have other means to earn money, so they are not totally broke.

You are again agreeing with me here.I said the same that in the long run no one is brave enough to predict the future consistently so those who were brave enough to invest the money they won from sport betting are not considered professional bettors anymore but smart guys,they have invested in businesses where money comes passively to them and now they can afford to try and act like professional gamblers knowing they risk nothing even if they lose the money as they get new money from their businesses.

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Quote from: swogerino on August 07, 2023, 04:58:11 AM

Quote from: pawel7777 on August 07, 2023, 04:02:29 AM

Quote from: Helena Yu on August 06, 2023, 11:02:18 AM

That's why most of bettors always lose, even though many people say it's a skill based game, but it's still not enough to give a higher guarantee the gambler will win and beat the house.

As much as I agree that some types of games that are considered gambling are actually skill games (namely poker) I wouldn't say the same thing about sports betting. Sure, if you have good analytical skills and knowledge of the particular sport you could potentially spot opportunities when the odds are misplaced by bookies giving you the mathematical advantage, but that's more about finding anomalies. By design, sports betting is not far away from "classic" casino games where the house has the edge. That's why we don't see many (or at all?) professional sports bettors.

I agree,many people claim to be professional sport bettors by opening several accounts in tipping websites and other related channels in social media yet the fact is that they all lose in the long run simply because as you say it is hard to always hit a win in sport betting.Especially in tennis where they have the low odds of 1.15 and such,I once payed a premium subscription in a tipping service,not much just 9.99 GBP monthly and what these guys were doing was collecting such 1.15 odds from tennis,basketball and other sports,they almost never used soccer and making a parlay with odds of 2,I must admit the first month I ended in profit but several months after I ended up losing big amounts so I don't think anyone can win in the long term in sport betting.

i believe, there are few of these sportsbettors who can win in the long-term. but those sportsbettors somehow invested some of their winnings to businesses, so even if they go back to betting, they have other means to earn money, so they are not totally broke.
but for those bettors who are always going all in on their betting activities, i guess, they are the ones who will go bankrupt in the long run. as they have no back-up plan to address their financial losses from gambling, they will soon find themselves financially rekt.

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Quote from: noormcs5 on August 06, 2023, 10:52:09 AM

Quote from: maydna on August 06, 2023, 10:40:51 AM

~snip~

Analysis may help in sports betting but i think it is excessive gambling which is the major cause of this loss for the gamblers. When you try to gamble on all the matches or most of the matches, it is likely that you will lose many games.

Apart from analysis, it is more important to see the odds of the matches and chose only selective matches to bet on. Also while choosing the matches and the odds, also consider if the bet is worth to take. Does it offer enough ROI. For example, if anyone bets with odds 0f something like 1.03, it means he is risking too much money for too little rewards. Things like these need to be analysed before making sports bets.

You are right when you say that excessive gambling can be the main cause of the losses we experience. For this reason, we must be able to anticipate using the money so we don't experience even more losses. And even though the analysis that we have can give us victory, we also cannot always get winning because there are times when we will lose because of the wrong analysis.

So knowing that we have bet enough is all we can do so we can stop while still winning. It is also to reduce the number of losses we have obtained so that we can still enjoy the winning money.

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Quote from: pawel7777 on August 07, 2023, 04:02:29 AM

Quote from: Helena Yu on August 06, 2023, 11:02:18 AM

That's why most of bettors always lose, even though many people say it's a skill based game, but it's still not enough to give a higher guarantee the gambler will win and beat the house.

As much as I agree that some types of games that are considered gambling are actually skill games (namely poker) I wouldn't say the same thing about sports betting. Sure, if you have good analytical skills and knowledge of the particular sport you could potentially spot opportunities when the odds are misplaced by bookies giving you the mathematical advantage, but that's more about finding anomalies. By design, sports betting is not far away from "classic" casino games where the house has the edge. That's why we don't see many (or at all?) professional sports bettors.

I agree,many people claim to be professional sport bettors by opening several accounts in tipping websites and other related channels in social media yet the fact is that they all lose in the long run simply because as you say it is hard to always hit a win in sport betting.Especially in tennis where they have the low odds of 1.15 and such,I once payed a premium subscription in a tipping service,not much just 9.99 GBP monthly and what these guys were doing was collecting such 1.15 odds from tennis,basketball and other sports,they almost never used soccer and making a parlay with odds of 2,I must admit the first month I ended in profit but several months after I ended up losing big amounts so I don't think anyone can win in the long term in sport betting.

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Quote from: Helena Yu on August 06, 2023, 11:02:18 AM

That's why most of bettors always lose, even though many people say it's a skill based game, but it's still not enough to give a higher guarantee the gambler will win and beat the house.

As much as I agree that some types of games that are considered gambling are actually skill games (namely poker) I wouldn't say the same thing about sports betting. Sure, if you have good analytical skills and knowledge of the particular sport you could potentially spot opportunities when the odds are misplaced by bookies giving you the mathematical advantage, but that's more about finding anomalies. By design, sports betting is not far away from "classic" casino games where the house has the edge. That's why we don't see many (or at all?) professional sports bettors.

Helena Yu

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First and foremost, gambling is always depend on luck.
Second, the additional withdrawal fee, the commission odds, the rules e.g. wager amount to force you to gamble more.
Third, you're just not good in sport.

That's why most of bettors always lose, even though many people say it's a skill based game, but it's still not enough to give a higher guarantee the gambler will win and beat the house.

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Quote from: maydna on August 06, 2023, 10:40:51 AM

Quote from: bitzizzix on August 05, 2023, 12:09:03 PM

Quote from: maydna on August 05, 2023, 05:18:59 AM

~snip~

Experience will indeed be a good provision in any case including sports betting and so on, but all of that must be learned, especially mistakes in analyzing. And
Another thing that successful sports bettors usually have is strong analytical skills, and don't easily believe any signal until you have done good research.
when it comes to sports betting, there is a huge amount of data that needs to be analyzed in its entirety with great care. To be successful, you must be able to review and interpret historical data, betting odds, injured players and more. Without these skills, it is difficult to succeed in the long term. So each experience must be structured to correct mistakes and improve skills and abilities in analysis.

In sports betting, we really depend on analysis, so we must be able to analyze it well. Do not rely on other people's analysis because it does not improve our analytical skills. By learning to analyze, our ability to analyze will increase because the more we learn, the more we can analyze well. And with the experience we get from the analysis results, it is also useful to improve the ability to analyze it. And don't forget to check the results of your analysis to learn more in case something was missed from your analysis.

Analysis may help in sports betting but i think it is excessive gambling which is the major cause of this loss for the gamblers. When you try to gamble on all the matches or most of the matches, it is likely that you will lose many games.

Apart from analysis, it is more important to see the odds of the matches and chose only selective matches to bet on. Also while choosing the matches and the odds, also consider if the bet is worth to take. Does it offer enough ROI. For example, if anyone bets with odds 0f something like 1.03, it means he is risking too much money for too little rewards. Things like these need to be analysed before making sports bets.

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Quote from: bitzizzix on August 05, 2023, 12:09:03 PM

Quote from: maydna on August 05, 2023, 05:18:59 AM

~snip~

Experience will indeed be a good provision in any case including sports betting and so on, but all of that must be learned, especially mistakes in analyzing. And
Another thing that successful sports bettors usually have is strong analytical skills, and don't easily believe any signal until you have done good research.
when it comes to sports betting, there is a huge amount of data that needs to be analyzed in its entirety with great care. To be successful, you must be able to review and interpret historical data, betting odds, injured players and more. Without these skills, it is difficult to succeed in the long term. So each experience must be structured to correct mistakes and improve skills and abilities in analysis.

In sports betting, we really depend on analysis, so we must be able to analyze it well. Do not rely on other people's analysis because it does not improve our analytical skills. By learning to analyze, our ability to analyze will increase because the more we learn, the more we can analyze well. And with the experience we get from the analysis results, it is also useful to improve the ability to analyze it. And don't forget to check the results of your analysis to learn more in case something was missed from your analysis.

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Quote from: Yatsan on July 04, 2023, 12:07:36 PM

Not only with sportsgambling but to all gambling games. Reason? Winning is never certain therefore playing more often would expose you to higher risk. Even if you happened to won big, it'll eventually be turned into loss; you won't win always. Higher exposure means higher risk unless you are lucky enough. Analysis would work indeed in sportsbetting but as we all know, anything could happen within a match. Even underdogs has chances to win and if you would be too greedy of winning because you have a lowe odd bet, then be prepared to suffer big time as well once the unexpected happens. We are all prone to greed and frustration.

Indeed. And adding the fact that there's no such thing as being a 100% lucky, having consistent winnings each time you play and bet and everyday. It's not really impossible, but the probability of it happening in a daily basis, consecutively is just so low. And if ever you belong to that very small percentage, you must really really be a lucky one.

I agree that those people who more frequently bet get higher risk exposure. But that's the thing, the more frequent you bet, the higher your chance in winning. And the higher you bet, the higher your reward can be. It's all depending on you on how you will make it work to your advantage. Because after all, there's nothing such as guaranteed and certain winning. There's always a possibility of losing whatever game it may be.

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Quote from: maydna on August 05, 2023, 05:18:59 AM

Quote from: retreat on August 05, 2023, 01:23:56 AM

Quote from: Natalim on August 01, 2023, 11:15:38 PM

-snip-
Remember that the sports betting journey should be treated as a long-term endeavor, and you are right that with less experience, a gambler may lose in the long run. However, if we believe that we will succeed in sports betting, we should consider learning from our experiences because, at the end of the day, what we hope to achieve is consistency.

Experienced gamblers are those who are consistent and learn from their experience which can give them the opportunity to win bigger than they lose. They consider that experience is something very important and they learn from it and do not underestimate it. Hence these gamblers are successful in their gambling journey.

To succeed in sports betting, one must be able to improve his analytical skills so that he can find teams or players who can win matches. This is difficult because not many people are willing and have the desire to improve their abilities. Most gamblers want things that are easy to get, so they will only look for betting signals so they can immediately place bets.

This makes many gamblers fail at sports betting because they don't want to learn to analyze a match and only rely on signals from other people. And they also can't be experienced gamblers in analyzing matches because they haven't improved their analysis skills either.

Experience will indeed be a good provision in any case including sports betting and so on, but all of that must be learned, especially mistakes in analyzing. And
Another thing that successful sports bettors usually have is strong analytical skills, and don't easily believe any signal until you have done good research.
when it comes to sports betting, there is a huge amount of data that needs to be analyzed in its entirety with great care. To be successful, you must be able to review and interpret historical data, betting odds, injured players and more. Without these skills, it is difficult to succeed in the long term. So each experience must be structured to correct mistakes and improve skills and abilities in analysis.

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Quote from: Yamifoud on August 02, 2023, 09:50:22 AM

Quote from: Natalim on August 01, 2023, 11:15:38 PM

Sports betting can be profitable for some, but it's not suitable for everyone.

This is the reality; just because some people make money in sports betting doesn't mean we can also make money. Of course, we can try, but it's important to set limits in everything we do, as the more we force the issue, the more we may end up losing. If we find that we cannot consistently make money in sports betting and we still enjoy gambling, then maybe it's time for some self-evaluation. We could consider gambling just for fun, where we won't notice our losses as much since we'll be focused on enjoying the experience. This is different from treating sports betting as a business, where we need to track our wins and losses to determine profitability.

Ain't this the same thing in the belief about Trading?
Many people thought it was easy but it requires analysis before you could win a trade. The same goes with sports betting, analysis is needed if we want to increase the percentage of a win.
Plus, in my opinion, you must love a sport if you want to know more about it and increase your chance to win a bet.
But even those who love the game can also lose and we must not forget that. I've been betting in basketball games because I love the sport but somehow I still find myself on a losing streak sometimes. It is not easy especially if a team suddenly plays well than the favorites.
I've seen gamblers who do a guessing game or just follow the favorites, there's still a risk there because we will never know the outcome.

Topic: Why do 90% of Bettors Lose in Sports Betting in the Long-term? - page 3. (Read 1567 times)