Why do 90% of Bettors Lose in Sports Betting in the Long-term? - page 7.

pawel7777

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Quote from: _act_ on July 13, 2023, 04:14:34 AM

If someone is able to successfully use arbitrage continuously, he can win. The person can get caught if having multiple accounts in the same betting site, but you can do the arbitrage betting using different sites and do not violate rules at all.

By definition, you do arbitrage on different sites, you don't need multiple accounts on the same site as it won't make any difference. The only time you could arb on the same site is when they made an error in setting up odds.
Now, betting sites will not know whether or not you have registered with other platforms, but apparently they have algorithms to detect "unusual" betting patterns, which occur when you do arbitrage betting. So in theory all looks great, but in practice pretty much everyone reports getting banned eventually. And the risk of getting banned increases when you're betting high stakes, which is something you'd have to do if you wanted to get decent money out of it.

Vaculin

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Quote from: Webetcoins on July 13, 2023, 01:38:32 AM

Quote from: ChiBitCTy on July 10, 2023, 08:45:37 AM

I think the main thing is that most people whom bet sports aren’t really as knowledgeable about the sports they are betting on as much as they think they are. A lot of people will also just make bets on sports games just to have some “action” on something that day. Those are both two recipes for disaster but people tend to not be able to control themselves.

One of the easiest ways to lose money is obviously to bet on sports that you are not knowledgeable or experienced about because you can barely win with predictions that have no basis at all, sports betting requires one to have enough knowledge and experience to be able to master the art of winning in it, otherwise, it will take away all the money one has if they bet like an expert on games that they know nothing at all about, that's definitely a disaster.

If someone wants to pass their time or have some action, they should simply play on some slots machine where they might also hit some big multiplier while playing and it's both fun and thrilling while I don't see much thrill in betting on a game that you don't know at all only to see yourself lose, or maybe win if you are too lucky.

That is the difference between pure luck based games and sports betting where not just luck is the factor that you will need, a proper assessment will also do the trick especially if you're good in reading the datum that allows you to predict with a much higher percentage. So in sports betting, you need both factors to have a higher chance of winning because you cannot just rely on pure luck alone just like slot machines and other games in the casino that doesn't require you to assess anything.

piebeyb

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Quote from: Webetcoins on July 13, 2023, 01:38:32 AM

Quote from: ChiBitCTy on July 10, 2023, 08:45:37 AM

I think the main thing is that most people whom bet sports aren’t really as knowledgeable about the sports they are betting on as much as they think they are. A lot of people will also just make bets on sports games just to have some “action” on something that day. Those are both two recipes for disaster but people tend to not be able to control themselves.

One of the easiest ways to lose money is obviously to bet on sports that you are not knowledgeable or experienced about because you can barely win with predictions that have no basis at all, sports betting requires one to have enough knowledge and experience to be able to master the art of winning in it, otherwise, it will take away all the money one has if they bet like an expert on games that they know nothing at all about, that's definitely a disaster.

Yes, it's true that all sports betting without experience will be difficult to win and your money will easily be drained, maybe most of them are beginners who often make that mistake without having to know the sport they want to bet on, most of them see the tempting number of Odds so they bet on it although not much experience in a particular sport.

We recommend that beginners are also advised not to bet on sports that they don't master and don't understand their knowledge of, because if you just rely on luck it will make us spend money quickly drained, so it's also important to read the gambling board on this forum so that it can help beginners to analyze and predict their sports bets.

ShowOff

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Quote from: Webetcoins on July 13, 2023, 01:38:32 AM

One of the easiest ways to lose money is obviously to bet on sports that you are not knowledgeable or experienced about because you can barely win with predictions that have no basis at all, sports betting requires one to have enough knowledge and experience to be able to master the art of winning in it, otherwise, it will take away all the money one has if they bet like an expert on games that they know nothing at all about, that's definitely a disaster.

If someone wants to pass their time or have some action, they should simply play on some slots machine where they might also hit some big multiplier while playing and it's both fun and thrilling while I don't see much thrill in betting on a game that you don't know at all only to see yourself lose, or maybe win if you are too lucky.

Betting on an unknown team from an unknown league is the easiest way to lose money. I agree with your opinion because I think betting money on such a team is nothing more than guesswork in the dark. They wished for luck without having a database to analyze, so in the end their victory was purely down to luck.

I tend to recommend them play the slots instead of spending money without having fun on unknown teams and leagues. They couldn't win many bets that way, but if they had a database and did some analysis then of course the winning percentage would increase.

molsewid

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Quote from: Webetcoins on July 13, 2023, 01:38:32 AM

One of the easiest ways to lose money is obviously to bet on sports that you are not knowledgeable or experienced about because you can barely win with predictions that have no basis at all, sports betting requires one to have enough knowledge and experience to be able to master the art of winning in it, otherwise, it will take away all the money one has if they bet like an expert on games that they know nothing at all about, that's definitely a disaster.

If someone wants to pass their time or have some action, they should simply play on some slots machine where they might also hit some big multiplier while playing and it's both fun and thrilling while I don't see much thrill in betting on a game that you don't know at all only to see yourself lose, or maybe win if you are too lucky.

I agree, that is the fastest way to lose money. But people, do some research at least some sports team just creating hype in the market but actually they are not improving they just want to hype the game to earn more attractions and bets . They need to come up with the idea that a certain team cannot dominate for long time, teams will continue to practice harder and come up with new strategies.

maydna

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Quote from: Fredomago on July 13, 2023, 12:25:33 AM

Quote from: maydna on July 12, 2023, 11:16:15 AM

~snip~

Nothing to say about that' as there are many people who mistakenly think that they can continue the wins and they are already have the winning patterns, and instead of quitting for good, they will continue and try playing more. We really can't tell what's the reason behind they just wanted t make more money and greed already conquer their mindsets.

You said it right. They think that by continuing to play, they still have a chance to win, especially if they can use more capital because the wins they will get are big. But they should do some self-reflection before betting on sports to see if they are making the profits they want. If not, they must stop immediately before it's too late because the gambling business is fast, so if you decide late, it will be difficult for you to make a profit.

coinerer

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Quote from: Russlenat on July 12, 2023, 05:49:26 PM

Quote from: klidex on July 12, 2023, 01:54:09 PM

Quote from: coinerer on July 12, 2023, 11:31:19 AM

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.

Sport is a physical game and for this two teams play physically on the field so here it is easy for a stronger team to win the match but sometimes it is seen that the stronger team unfortunately also loses. one who knows more about the team and better about the player's performance can predict the outcome of the match successfully. But this prediction does not always work because many times it is seen that many good teams lose easy matches then many professional gamblers also lose there bet

These are the answers to all the questions in this topic that professional gamblers sometimes still experience successive defeats because even if the club chosen is a strong club, all of that cannot provide guarantees and sometimes there are always surprises when the opposing club wins the match.
It is possible to win in the long term when betting on sports when you have an insider.

And hence why there are lots of casinos all over the world who offers sports betting because aside from it's uncertainty, people will have a hard time choosing what would be the best bet that will give them a higher chances to win but in the end, it all boils down to the same fact, that even if it's a high chance like let's say 80% chance, that doesn't really mean that they will win because upsets can happen almost every single time and even professional gamblers cannot predict this on their own.

Every site has roughly the same odds for sports bets, so no casino site sets their odds differently. and no site keeps any kind of algorithm set for sports betting, in this case the result of the bet is published according to the game that is played live on the field. So there is no telling what percentage gamblers will win on sports bets. It depends on how well a gambler can predict by analyzing the players' previous game performance. the gambling site has nothing to do here

_act_

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Quote from: pawel7777 on July 11, 2023, 04:59:54 PM

Quote from: Wakate on July 11, 2023, 04:38:00 PM

Even though many people that bet on sportbet are not that knowledgeable, there are people that are still making huge profits from betting. There are people that had gain the knowledge and pattern of betting and having a consistent winning and they don't waste time making money from sport bet. Sport bet is very easy to make profits but some persons had used greed to scatter there possibility of making winnings which is one of the problems of gamblers.

I doubt it. People making a living out of sports betting are like unicorns, everyone has heard about them but no one has seen them in real life.
The only way to make consistent profits would be arbitrage betting. The problems with that are: 1) you have limited opportunities; 2) sooner or later, it'll get you banned from betting platforms.
Other than that I see no realistic option for regular profit. You making consistent wins would require bookies to keep miscalculating odds in your favour, which is unlikely to happen (on a regular basis).

If someone is able to successfully use arbitrage continuously, he can win. The person can get caught if having multiple accounts in the same betting site, but you can do the arbitrage betting using different sites and do not violate rules at all.

Another way to make money from gambling is to be visiting new reputable sites with first time deposit bonus. Some gamblers visit those sites because they want to use the bonus to make more money. But this can be dangerous, news sites needs to be investigated to know if it is fake or not. You can also register on many old sites which have first time deposit bonus.

But to bet and win without this two things above, no one can win the gambling site.

len01

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Quote from: Webetcoins on July 13, 2023, 01:38:32 AM

Quote from: ChiBitCTy on July 10, 2023, 08:45:37 AM

I think the main thing is that most people whom bet sports aren’t really as knowledgeable about the sports they are betting on as much as they think they are. A lot of people will also just make bets on sports games just to have some “action” on something that day. Those are both two recipes for disaster but people tend to not be able to control themselves.

One of the easiest ways to lose money is obviously to bet on sports that you are not knowledgeable or experienced about because you can barely win with predictions that have no basis at all, sports betting requires one to have enough knowledge and experience to be able to master the art of winning in it, otherwise, it will take away all the money one has if they bet like an expert on games that they know nothing at all about, that's definitely a disaster.

-snip

I support your statement because it makes sense when someone who bets on a team they don't know will definitely have a harder time winning and it's all just because of a winning streak after that the thought arises that that day is a lucky day and only bets on the underdog team without analyzing the sport.
so that these people will experience defeat even though they have won in a row several times in the end they lose too. as was the case some time ago there was someone on this forum who wrote the history of betting with large numbers of wins several times but in the end they lost.
this is the reason all the statements we discuss here are still a bit down to luck.

Webetcoins

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Quote from: ChiBitCTy on July 10, 2023, 08:45:37 AM

I think the main thing is that most people whom bet sports aren’t really as knowledgeable about the sports they are betting on as much as they think they are. A lot of people will also just make bets on sports games just to have some “action” on something that day. Those are both two recipes for disaster but people tend to not be able to control themselves.

One of the easiest ways to lose money is obviously to bet on sports that you are not knowledgeable or experienced about because you can barely win with predictions that have no basis at all, sports betting requires one to have enough knowledge and experience to be able to master the art of winning in it, otherwise, it will take away all the money one has if they bet like an expert on games that they know nothing at all about, that's definitely a disaster.

If someone wants to pass their time or have some action, they should simply play on some slots machine where they might also hit some big multiplier while playing and it's both fun and thrilling while I don't see much thrill in betting on a game that you don't know at all only to see yourself lose, or maybe win if you are too lucky.

Fredomago

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Quote from: maydna on July 12, 2023, 11:16:15 AM

Quote from: Fredomago on July 11, 2023, 04:17:48 PM

Quote from: maydna on July 11, 2023, 08:20:59 AM

~snip~

We need to be practical and wise, if you find a value bet and you manage to win it's always better to rest out and enjoy with the money that you earn, you win some and probably you lose more, that's how most of the gamblers understand when betting into sports games, if you know how to handle every situation and you can control your gambling habits. There's a chance that you can earn decently, not a guarantee though as you still inside gambling and just like what it's said from OP, the percentage of losing is higher than from those who can manage to win from this activity.

And don't even think about continuing to play gambling because that can lead you to losses and eliminate the money you previously earned. But many people don't understand this rule and instead try to play one more round, but they increase the stakes in the hope that this one last round can give them a big advantage. But they lose so much money that they only regret it because if they had stopped at the last win, they would have been able to enjoy the winning money and not lose it. And there are indeed no guarantees for winning in gambling, so we have to know the situation.

Nothing to say about that' as there are many people who mistakenly think that they can continue the wins and they are already have the winning patterns, and instead of quitting for good, they will continue and try playing more. We really can't tell what's the reason behind they just wanted t make more money and greed already conquer their mindsets.

Quote from: Russlenat on July 12, 2023, 05:49:26 PM

Quote from: klidex on July 12, 2023, 01:54:09 PM

Quote from: coinerer on July 12, 2023, 11:31:19 AM

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.

Sport is a physical game and for this two teams play physically on the field so here it is easy for a stronger team to win the match but sometimes it is seen that the stronger team unfortunately also loses. one who knows more about the team and better about the player's performance can predict the outcome of the match successfully. But this prediction does not always work because many times it is seen that many good teams lose easy matches then many professional gamblers also lose there bet

These are the answers to all the questions in this topic that professional gamblers sometimes still experience successive defeats because even if the club chosen is a strong club, all of that cannot provide guarantees and sometimes there are always surprises when the opposing club wins the match.
It is possible to win in the long term when betting on sports when you have an insider.

And hence why there are lots of casinos all over the world who offers sports betting because aside from it's uncertainty, people will have a hard time choosing what would be the best bet that will give them a higher chances to win but in the end, it all boils down to the same fact, that even if it's a high chance like let's say 80% chance, that doesn't really mean that they will win because upsets can happen almost every single time and even professional gamblers cannot predict this on their own.

Following that logic, at the end of the day there are more losing bettors than to those who wins against the house, the reason why more and more casinos are offering this kind of betting as they have lots of gamblers who loves betting with their favorite sports.

Russlenat

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Quote from: klidex on July 12, 2023, 01:54:09 PM

Quote from: coinerer on July 12, 2023, 11:31:19 AM

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.

Sport is a physical game and for this two teams play physically on the field so here it is easy for a stronger team to win the match but sometimes it is seen that the stronger team unfortunately also loses. one who knows more about the team and better about the player's performance can predict the outcome of the match successfully. But this prediction does not always work because many times it is seen that many good teams lose easy matches then many professional gamblers also lose there bet

These are the answers to all the questions in this topic that professional gamblers sometimes still experience successive defeats because even if the club chosen is a strong club, all of that cannot provide guarantees and sometimes there are always surprises when the opposing club wins the match.
It is possible to win in the long term when betting on sports when you have an insider.

And hence why there are lots of casinos all over the world who offers sports betting because aside from it's uncertainty, people will have a hard time choosing what would be the best bet that will give them a higher chances to win but in the end, it all boils down to the same fact, that even if it's a high chance like let's say 80% chance, that doesn't really mean that they will win because upsets can happen almost every single time and even professional gamblers cannot predict this on their own.

Blitzboy

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Quote from: Mauser on July 12, 2023, 02:56:50 AM

Quote from: alexluthor on July 04, 2023, 05:09:08 AM

To consistently accumulate wealth with low risk, two standout approaches have proven their worth: Bonus Hunting and Arbitrage Betting. I have personally employed these strategies since 2011, experiencing consistent success with profits exceeding $1 million. However, it’s important to remember that individual results may vary.

Both bonus hunting and arbitrage betting are not strategies that we can do constantly and rely upon to make a profit for us forever. Eventually we are going to have played at all sportsbook and used up all the available bonuses. In my experiences bonuses are a great way to start out at a new website, it gives us a decent profit and helps to build up our initial bankroll. But we can't be switching around all the time between new sportsbooks in an effort to find new bonuses. There is also a risk to that strategy when playing at new websites with very good bonuses, it could be a scam and we lose all our money. Arbitrage opportunities on the other side usually last only a short period of time and we can’t find them every day. There are many other people looking for arbitrage opportunities as well, which will lead to a large number of bets on the game and the bookie will adjust his odds quickly. Arbitrage is a nice additional income we can do on the side, but I don’t think we can only rely on a strategy that focuses on arbitrage betting.

Sports betting is like life - unpredictable and transient. We may miss bonus hunting, but time will run out. Arbitrage betting? That bird rarely roosts. After the excitement, it's back to work. Betting isn't easy. Risky high-low game. The house always wins, and our chances of beating it are minimal. Why not make betting a rollercoaster instead of a gravy train? Take it gently and enjoy the excitement. Life is too short for number crunching and bonus chasing.

klidex

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Quote from: coinerer on July 12, 2023, 11:31:19 AM

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.

Sport is a physical game and for this two teams play physically on the field so here it is easy for a stronger team to win the match but sometimes it is seen that the stronger team unfortunately also loses. one who knows more about the team and better about the player's performance can predict the outcome of the match successfully. But this prediction does not always work because many times it is seen that many good teams lose easy matches then many professional gamblers also lose there bet

These are the answers to all the questions in this topic that professional gamblers sometimes still experience successive defeats because even if the club chosen is a strong club, all of that cannot provide guarantees and sometimes there are always surprises when the opposing club wins the match.
It is possible to win in the long term when betting on sports when you have an insider.

coinerer

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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.

Sport is a physical game and for this two teams play physically on the field so here it is easy for a stronger team to win the match but sometimes it is seen that the stronger team unfortunately also loses. one who knows more about the team and better about the player's performance can predict the outcome of the match successfully. But this prediction does not always work because many times it is seen that many good teams lose easy matches then many professional gamblers also lose there bet

maydna

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Quote from: Fredomago on July 11, 2023, 04:17:48 PM

Quote from: maydna on July 11, 2023, 08:20:59 AM

~snip~

We need to be practical and wise, if you find a value bet and you manage to win it's always better to rest out and enjoy with the money that you earn, you win some and probably you lose more, that's how most of the gamblers understand when betting into sports games, if you know how to handle every situation and you can control your gambling habits. There's a chance that you can earn decently, not a guarantee though as you still inside gambling and just like what it's said from OP, the percentage of losing is higher than from those who can manage to win from this activity.

And don't even think about continuing to play gambling because that can lead you to losses and eliminate the money you previously earned. But many people don't understand this rule and instead try to play one more round, but they increase the stakes in the hope that this one last round can give them a big advantage. But they lose so much money that they only regret it because if they had stopped at the last win, they would have been able to enjoy the winning money and not lose it. And there are indeed no guarantees for winning in gambling, so we have to know the situation.

Mauser

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Quote from: alexluthor on July 04, 2023, 05:09:08 AM

To consistently accumulate wealth with low risk, two standout approaches have proven their worth: Bonus Hunting and Arbitrage Betting. I have personally employed these strategies since 2011, experiencing consistent success with profits exceeding $1 million. However, it’s important to remember that individual results may vary.

Both bonus hunting and arbitrage betting are not strategies that we can do constantly and rely upon to make a profit for us forever. Eventually we are going to have played at all sportsbook and used up all the available bonuses. In my experiences bonuses are a great way to start out at a new website, it gives us a decent profit and helps to build up our initial bankroll. But we can't be switching around all the time between new sportsbooks in an effort to find new bonuses. There is also a risk to that strategy when playing at new websites with very good bonuses, it could be a scam and we lose all our money. Arbitrage opportunities on the other side usually last only a short period of time and we can’t find them every day. There are many other people looking for arbitrage opportunities as well, which will lead to a large number of bets on the game and the bookie will adjust his odds quickly. Arbitrage is a nice additional income we can do on the side, but I don’t think we can only rely on a strategy that focuses on arbitrage betting.

pawel7777

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Quote from: Wakate on July 11, 2023, 04:38:00 PM

Even though many people that bet on sportbet are not that knowledgeable, there are people that are still making huge profits from betting. There are people that had gain the knowledge and pattern of betting and having a consistent winning and they don't waste time making money from sport bet. Sport bet is very easy to make profits but some persons had used greed to scatter there possibility of making winnings which is one of the problems of gamblers.

I doubt it. People making a living out of sports betting are like unicorns, everyone has heard about them but no one has seen them in real life.
The only way to make consistent profits would be arbitrage betting. The problems with that are: 1) you have limited opportunities; 2) sooner or later, it'll get you banned from betting platforms.
Other than that I see no realistic option for regular profit. You making consistent wins would require bookies to keep miscalculating odds in your favour, which is unlikely to happen (on a regular basis).

Wakate

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Quote from: ChiBitCTy on July 10, 2023, 08:45:37 AM

I think the main thing is that most people whom bet sports aren’t really as knowledgeable about the sports they are betting on as much as they think they are. A lot of people will also just make bets on sports games just to have some “action” on something that day. Those are both two recipes for disaster but people tend to not be able to control themselves.

Even though many people that bet on sportbet are not that knowledgeable, there are people that are still making huge profits from betting. There are people that had gain the knowledge and pattern of betting and having a consistent winning and they don't waste time making money from sport bet. Sport bet is very easy to make profits but some persons had used greed to scatter there possibility of making winnings which is one of the problems of gamblers.

If we know that winning is not something that we need to force or fight at all means for us to make money from gambling, we all going to start making winnings gradually without pressure.

Fredomago

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Quote from: maydna on July 11, 2023, 08:20:59 AM

Quote from: GigaBit on July 10, 2023, 11:36:46 AM

Quote from: maydna on July 10, 2023, 06:50:35 AM

~snip~

It is true that the more research that can be done on sports betting, the higher the chances of winning can be found. But there is no guarantee. Many may object to this because there are instances in sports betting where a team has a 99 percent chance of winning but still loses. No matter how good the team or how good the research, good research can become worthless because there is no guarantee of victory. So there is no option to give equal importance to luck along with research.

That's why we must realize that things can change drastically, especially when the match has started, so we must be careful in analyzing. And with that analysis, we can find out how many chances each team has and which team has a bigger chance of winning. It's not easy to always win at sports betting, but we can win occasionally. And that is our chance to be able to get a win at sports betting. So we really have to have good analytical skills to choose the right team to be the winner.

We need to be practical and wise, if you find a value bet and you manage to win it's always better to rest out and enjoy with the money that you earn, you win some and probably you lose more, that's how most of the gamblers understand when betting into sports games, if you know how to handle every situation and you can control your gambling habits. There's a chance that you can earn decently, not a guarantee though as you still inside gambling and just like what it's said from OP, the percentage of losing is higher than from those who can manage to win from this activity.

Topic: Why do 90% of Bettors Lose in Sports Betting in the Long-term? - page 7. (Read 1567 times)