Why sports gamblers lose

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by olivier

June 30, 2020 0 375

Why sports gamblers lose

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It is a well-known concept that the vast majority of sports gamblers are going to lose money. The most popular concept is that 90 percent of sports gamblers lose money over the year, but that doesn’t stop people from betting on sports. When those gamblers eventually break down and are unable to gamble, someone else is always there to take their place in line.

Money management

The main reason sports gamblers lose is not because of bad choices, but because of poor money management. There are many more gamblers who can pick winners than who can make money, and money management is key.
Betting $ 50 on one game and $ 500 on another is a sure way to set yourself apart from your money in the long run, just like betting that 50 percent of your bankroll on one game will eventually lead to disaster. A sports gambler can win a few games if he gambles more than he should, but eventually the loss or losses will come and the gamblers will get in trouble.

Doubling after win or loss is another recipe for disaster, and it is a common mistake many gamblers make, including those who have gambled for many years.

If you’ve ever read sports betting books, you’ll see that almost everyone has at least one chapter on money management and it’s not because authors love to write about it. It is because it is so important.

Betting on the wrong events

It’s no secret that football and basketball are the two sports that receive the bulk of the bets, just as it’s no secret that most old sports bettors will say that these are probably the two toughest sports to make a long-term profit to show.
The sport of choice for most professional gamblers is baseball, which happens to score well below the top two of sports in the amount of money received. Hockey is another sport that many old bettors believe can give the sports gambler an advantage over the sportsbook. A sports bet doesn’t really have to like baseball or hockey. As long as they love money, those are two sports that need to be followed, or at least find someone who is a good baseball or hockey handicap player and follow their plays.

Lack of knowledge

If you don’t have time to study the games, try to find someone who does, be it on a posting forum, a reputable sports service, etc., but don’t assume you know more than everyone else.

There’s the old joke of a sports bet losing week after week, and finally, his bookmaker is starting to feel sorry for him and suggests that he might bet better on hockey.

“Hockey! I don’t know anything about hockey!”

Bet too many TV games

There are a large number of sports gamblers who feel that if a game is broadcast on television it is their duty to have a bet on the match. While this didn’t really cause a problem years ago, now there are so many games on television that bettors can easily have seven or eight bets on a single night, and even more on the weekend. Don’t bet on everything because this is also one of the reasons why sports bettors lose

If you must have a bet on any broadcast game, those bets must be much smaller than your usual bets, somewhere around a quarter of the amount. I’ve seen some solid handicappers lose money over time by betting the same amount, or even more, on games that air on television than they think are good gambling games.

Casino bets

This is relatively new for sports gamblers to deal with, as many online sportsbooks now have casino-style gaming, which is too difficult for some sports gamblers, including some very good sports gamblers, to get away from. It’s not unheard of for a solid sports gambler to make a profit on a weekly basis, but he’ll give that money back, plus a little extra, by playing the casino games that their sportsbooks offer. That is also a reason why sports gamblers lose.

There is always the legitimacy of online casinos to worry about. It’s one thing to sit at a blackjack table and watch the dealer pull a 5 to 16 to beat your 20, but it’s a bit different when it takes place online.

It’s easy to see the appeal. Why are you trying to hone small profit bets when you can hit a Royal Flush that plays video poker and quickly wins $ 1,000 or $ 4,000? If this is a problem, try emailing the sportsbook and asking them to block you from their casino. This is possible without any problem and it is to their advantage that you remain a customer of the sports section of their website.

There is no single key to becoming a winning sports gambler, but those who practice money management, invest time and discipline are generally a step up from the majority of gamblers.