I frequently hear that 98% of all sports bettors lose money over the course of a season. That is a sad thing, especially when you consider sports betting is the only gambling game in town where the smart bettor can gain a long term edge over the house. What makes it even sadder is that those losing money have no idea why they lose.
The main reason most sports gamblers lose is because they never take the time to understand what the game is all about. Not the game they are betting on, the betting game itself.
Many even believe there is some secret that, once found will change their lives forever. Nothing to do all day but spend 5 minutes making a bet and using the other 23 hours and 55 minutes to spend the profits from it. It is a 100% certainty that those who believe in the "secret" will never win at sports betting. They are too distracted chasing dreams to do what wins.
Others believe the answer lies in stats and will spend most of their betting life trying to solve the unsolvable. There are few answers in the stats, and only if you first ask a question that may be found in them. Any useful stat will be centered around big plays, and the ability of the teams to make them.
Why do sports bettors lose money? Because they don't bet known edges consistently. That is how you put the odds in your favor over the long term. Making lots of bets with a known edge is the only secret there is to making a lot of money sports betting.
Most gamblers not only don't have an edge, they never even look for them. And even if they found one they lack the discipline to bet it to an advantage. And while they are losing money chasing the risk free fortune, the winners are betting their small edges and turning them into large profits.
The main reason most sports gamblers lose is because they never take the time to understand what the game is all about. Not the game they are betting on, the betting game itself.
Many even believe there is some secret that, once found will change their lives forever. Nothing to do all day but spend 5 minutes making a bet and using the other 23 hours and 55 minutes to spend the profits from it. It is a 100% certainty that those who believe in the "secret" will never win at sports betting. They are too distracted chasing dreams to do what wins.
Others believe the answer lies in stats and will spend most of their betting life trying to solve the unsolvable. There are few answers in the stats, and only if you first ask a question that may be found in them. Any useful stat will be centered around big plays, and the ability of the teams to make them.
Why do sports bettors lose money? Because they don't bet known edges consistently. That is how you put the odds in your favor over the long term. Making lots of bets with a known edge is the only secret there is to making a lot of money sports betting.
Most gamblers not only don't have an edge, they never even look for them. And even if they found one they lack the discipline to bet it to an advantage. And while they are losing money chasing the risk free fortune, the winners are betting their small edges and turning them into large profits.
