Quote from: noormcs5 on Today at 02:12:42 PM

Quote from: JohnBitCo on Today at 02:09:41 PM

Quote from: Amuls on January 12, 2022, 05:10:51 PM

In this thread I share my opinion. I know 2 types of gambling. Sports and casino. I have both types experience. At first I started to play casino like roulette, dice, ludu. Roulette was my favourite casino table. One day I won 7k usd on roulette table. But I couldn't retain it. I lost all the usd in 10 minutes and day by day my lossing amount increased. Sometimes casino table was so tough. Whatever I bet all lost. No sequence maintained. If I won a day, I would loss 5 days at a stretch. It seemed all was fixed. I shifted to sports betting. I started to follow biggest football league like English premier League, la Liga, french Liga etc. Researched the teams statistics and placed bet. Gradually I covering my losses. What's your experience?

There is a slight difference between betting on matches and playing gambling games. In betting you have the option to select the team based upon the past performances and hence you have a better chance to predict the correct winner. In games like dice or roulette, there is no past history, no patterns and it is entirely based upon luck. If your luck is not good, you will lose most of the time.

This does not mean that sports betting can make you rich while games can make you poor. I have seen people who bet on sports and are in an overall loss. Past history will never give you accurate future matches results.

In both the bet and casino games, we should deploy risk management and money management. If you have a plan to bet or play games with certain amount and never go all in, you will probably be in a better position in gambling.

Exactly, even though sports betting is a skilled based game, it does not guarantee that a gambler who knows the sport very much will be profitable. Watching sports and sports betting is different as you make a crucial judgment based on the odds, so it's a wrong perception that it can automatically make us rich. Just think of the logic, sports betting industry is profitable, that means majority are losing money in sports betting.