Most gamblers, or in other name punters, are making the same mistakes over and over again which will lead them to lose money in the long run.
To be honest, when I started sports betting the same mistakes were the reasons for my failure too.
After a short period, I seriously started researching the differences between professional bettors and punters who always lose.
Table of Contents
Why do punters or gamblers always lose in sports betting?
Punters who are not following a profitable betting strategy based on mathematics and a good staking system will always lose in sports betting. They may have some success in betting, but in the long run, they will always lose. For more details keep reading.
Gamblers who follow smart betting techniques will always win, and their bets will generate profits.
Do gamblers ever win?
Many gamblers are profitable in shorter periods like a few months.
Some basic betting and staking strategies can offer success for many punters.
But generally speaking, based on historical data, only a low percentage of sports bettors are profitable in the long run.
You can find different information about their profitability, but the accepted percentage of punters who win in the long run is between 3%-8%.
Most punters are following betting tipsters or prediction sites. Getting tips and analyzed data from other people has some advantages and downsides too.
This way of betting can help punters without experience to start winning. Some of these services can offer you decent information about events that will increase your chance of winning even in the long run.
The main downside is that as a beginner punter it is hard to spot the valuable tips between so-called professional betting tips that can be only scams to get your money.
In my experience, the only real way for a punter to win in sports betting is by following techniques based on mathematics.
Why do punters lose in sports betting?
If you are not winning in sports betting it might be for have several reasons. The good news for you is that if you are reading this article, you are already on the right path to become profitable.
Top reasons why gamblers or punters lose in sports betting:
Not following a betting strategy based on mathematics
Bookmakers are analyzing teams, players, and events to define the true possibility of every outcome.
Their algorithms are based on historical data and new information about players, teams, and any possible influencing factors.
The better they can figure out what are the real chances for an outcome to win, the more chances they have to end up in profit. Odds are representing the decimal format of the probability of an outcome.
These include the profit margin of the bookmaker which most of the time is between 3%- 8%.
If a punter is always taking these lower odds, in the long run, will end up losing the whole balance.
Smart betting strategies are based on defining these true odds, real probability better than some bookmakers.
This way punters can have an edge, an advantage over the bookies which will generate a guaranteed profit for them.
Bad staking strategy
Even the best and most profitable betting strategy can be ruined with a bad money management strategy.
A good way of staking can decrease the chance of losing too much profit in a losing streak and also can increase the amount you win in the long run.
In my experience in the long run most punters will experience a substantial difference in their profitability if they change their staking strategy.
Chasing winning bets
No matter how good a betting strategy is, every gambler will experience losing streaks. This phenomenon is called variance.
Regular punters who start losing bets one after another can easily get frustrated.
The first act in these situations is trying to recover losses.
The smart reaction of a bettor would be sticking to the strategy without changing anything, or even decreasing stakes to lower the possible losses.
Unfortunately, most punters are trying to get their money back in an aggressive way with increasing stakes.
The other common strategy is placing bets that are not holding any real value. Chasing a winning bet, this way will highly increase the likelihood of generating big losses.
To be honest, I have made these mistakes several times and only a few times have I succeeded.
It can end up with a lucky bet, that will cover your previous losses, and you will feel happiness and satisfaction.
But most punters who chase a winning bet will lose the whole capital before realizing it.
Following a sustainable betting strategy will always overperform the attempts of recovering fast from the losses.
Not being patient
Some betting strategies are not offering too much opportunity on a daily basis.
For example, in summer most sports events are close to the end and the volume of your bets will decrease.
Some punters can lose their patience after staying in front of the computer without any action.
If we are realistic, fewer matches mean fewer opportunities to find bets with good value.
Waiting hours to get a good match can get depressing, and in these situations, we can make bad decisions.
Placing bets outside our strategy can easily lead to losing a good part of our profits.
Based on my experience in these periods, it is wise to take breaks more often and concentrate more on weekend events.
Being greedy while betting
Most punters are chasing winning bets not only when they face a losing streak. A winning streak can make us think that we are unstoppable, and all of our bets will be winners. Getting false self-esteem in gambling can be very dangerous.
Making good profits on some bets can make punters believe that increasing stakes and taking more bets will generate more money and faster.
This greedy tactic will increase the risks of running into a big losing streak. Most gamblers after losing in this state of mind can easily start chasing winning bets that can increase the losses.
In my experience, the best way of keeping sustainable profits is by sticking to the strategy even if you feel you are on a long winning streak.
Placing parlay bets
Single selections by themselves are holding a fairly big risk of losing them. Value bettors can be profitable in the long run only if they are taking outcomes with overpriced odds.
Having this in mind, the only real chance of remaining profitable with parlay bets is by taking every selection with a value on it.
Basically, parlay bets are a combination of single bets that are highly increasing the payout if it is a winner.
The downside of this betting technique is that the chance of winning is decreasing substantially with every new pick added to the bet.
Parlay bets are one of the most prefered types of betting for punters, which is keeping them from losing money.
Not following the betting history
Building up an excel sheet with your betting data is one of the most powerful ways to increase your profitability and your chance of winning.
Punters who are losing, in the long run, most probably are not following their history. An excel sheet can contain every bet placed, the odds used, the market used.
Applying filters to data like this could help you spot the weak spots of your betting strategy.
Avoiding markets or odds range where the punter is unprofitable in the long run will highly increase the income generated.
Repeating the same mistakes
As I already mentioned a betting history can help you a lot. The main reason is not only improving the strategy but to avoid making the same mistakes.
If you want to be a professional, or at least profitable in sports betting, I think that leaving the obvious mistakes behind should be the first step.
Sometimes these mistakes can be minor ones, for example, placing 1-2 bets on wrong odds from 100.
But choosing a market that has low profitability and big variances can cause a major problem in the long run.
Repeating the same mistake will block you from scaling up your balance.
Not having realistic expectations
Even for a professional bettor, having unrealistic expectations about a strategy can have a bad effect.
Knowing the limits of your bookmakers, your balance, staking strategy, and betting strategy is a key point.
Pushing too far one or more of these will cause you to increase risks like getting limited by the bookmaker or losing a big part of your balance.
Sticking to a strategy for too long
To be honest I made this mistake several times. Most punters can’t accept that their way of betting is not a viable option.
Only after a long streak of losing will you start thinking about changing it. Diversifying the way of picking bets from time to time can increase the chance of winning.
The best example would be value betting. Even the best strategy needs improvement or to avoid it totally. For example, I used to bet under for a long time on basketball.
But after some months I realized I don’t have any success.
I still can’t figure out which bookmaker change the way of defining the odds, but I started betting only on overs and the profits came back.
How can you be a smart punter?
After reading the points above you probably already know a smart punter is always following a betting strategy based on mathematics even in losing or winning streak.
To become a smart and profitable gambler the best betting techniques are the followings:
This strategy is the most certain way of stopping always losing your bets. It is based on finding odds that are overpriced.
Many times bookmakers are missing some information about teams or players which will lead them to offer wrong odds.
Smart punters who can figure out that these odds are not representing the true possibility of that outcome can take advantage of these opportunities.
Placing bets on these odds will guarantee an edge against bookmakers. Smart gamblers can cover the other outcomes on these markets at other bookmakers with a guaranteed profit.
No matter which outcome wins arbitrage bets will make you win on every bet you place.
This betting technique can be used to complete requirements on bookmaker bonuses, which will increase your profits.
This betting technique is called matched betting.
The main reason punters always lose is taking odds that are lower than their real chance of winning.
Gamblers who start placing bets only on overpriced outcomes are called value bettors.
In the long run, this betting strategy is generating the most profits.
Doing it the right way punters won’t win every time, but based on mathematics they will end up in a decent profit.
With this technique, you can make a 3% – 7% of profits on your total stakes. So, in the long run for every 100 units you wager, you will make 3 – 7 units of profit.
Can a punter make good money?
With these smart betting strategies mentioned most punters can make a monthly profit between 500 – 2000 euros.
Following the strategies will make good profits no matter if the punter has much experience in betting or not.
Understanding that the only way to make good money from sports betting is by following strict rules is a base element of success.
How to become a professional gambler?
Becoming a professional in sports betting is a long road.
The mains aspect is finding a good and profitable betting strategy that suits your needs.
The only real betting strategy that can make you professional and fairly rich from gambling is value betting.
It has the most potential to scale up your winnings, and on the other hand, it is less limited by bookmakers.
Learning every aspect of sports like basketball, football, or tennis will highly increase your profitability.
A professional has some kind of 7th sense for trends and opportunities for sports.
This comes from years of experience, watching matches on stream, and placing thousands of bets.
A professional bettor always has to be patient, not only when a losing streak comes, but when a winning streak is too long.
Both of the situations are dangerous because most bettors could change the staking and betting strategy in the hope of making more money.
Punters who are not following a profitable betting strategy based on mathematics and a good staking system will always lose in sports betting
By always following a betting strategy based on mathematics even in losing or winning streak every bettor can make good money.
Many gamblers are profitable in a shorter period like some months.
Some basic betting and staking strategies can offer success for many punters.