So I wonder what motivates people who want to get rich on sports betting if they believe in such a pattern? Do the players sincerely believe in their own exceptionalism and genius?
Are there people who want to get rich by gambling? It will be ridiculous to say the least. Most of the people I know that won big like $5,000 have gone back to square 1. At least $5,000 is quite reasonable to win in gambling from where I am. Such amount is quite huge to start a good investment but such winners couldn't utilize it. And the reason is that, as a gambler who won such money, you have the believe that it is your season of luck then you increase your stake from your winning. The point is gamblers have a character of continue playing when they win and thereby losing most of the money which brings them back to status quo, making it difficult to get rich with gambling.
It can only be possible if you stop gambling when you win huge but we know it is difficult to see a gambling letting go of gambling because he won. No, they will go back and lose more than what was won. Or, it because useless to invest on some tangible project for gradual financial growth.
Yes this truth , it is not just all about winning huge amounts or the fact that someone win huge amount from gambling doesn't really makes them rich. It is there ability to be able to sustain the money they won that really counts, just like what you said there are people who has win huge amount of money from gambling but after some time they go back to square one . So I believe it will be wrong to say gambling do makes ones rich because even if one is successful with gambling and lack the right investment mindset they will always go back to the same financial status quo.