Post
Topic
Board Gambling discussion
Re: Why do 90% of Bettors Lose in Sports Betting in the Long-term?
by
slapper
on 11/08/2023, 14:25:22 UTC
i believe, there are few of these sportsbettors who can win in the long-term. but those sportsbettors somehow invested some of their winnings to businesses, so even if they go back to betting, they have other means to earn money, so they are not totally broke.

Have you actually met or heard about any real-life long-term profitable sports-bettors, or do you just believe they exist?
If the story is real, the very fact they they had chosen to take their capital and invest it somewhere else would indicate that they themselves didn't have much faith in their betting skills working long-term.
Sports bettors who can make money on sports betting exist and probably continue to gamble today. And I also believe that they are investing it elsewhere because they think that nothing lasts forever and they have to have a business to keep making money even though they are still betting on sports.

If they invest the money from their winning bets elsewhere, it doesn't mean he doesn't believe in his skills but it shows that he can be wise and know when it's time for him to stop betting. People who can make money from gambling in the long term have more experience and a high degree of skill so they can see things from different angles and decide what is best for them.
Certainly, the exitence of sports bettors who profit consistently isn't just a myth; it's a reality that can't be overlooked. And yes, it would make a certain amount of logical sense that if someone is successful at one endeavor, they might also possess the foresight to diversify their income sources. Interestingly, the universe does have its way of balancing things out. Maybe, just maybe, there's this thing we can call universal luck. It's not about always winning, but about the universe aligning things in your favor, periodically

However, it's essential - and let me stretch this a bit further - really, really essential, to understand that reinvesting your profits is a sound business strategy in almost every domain, not just sports betting. It shows prudence, foresight, and a pinch of that universal luck, perhaps. Speaking of which, healthy gambling is a topic that can't be brushed under the carpet. It’s vital, super vital, to approach sports betting with moderation and a clear mindset. Not just for the pocket, but for the soul and mind as well