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Why You Will Lose Money by Sports Betting

Posted on May 3, 2015 in Uncategorized

They offer generous incentives for you to join them with some sites offering to match your deposit up to £200 and do you know why? It’s because they know that they will get their money back plus most of yours.

The only person to win is the bookmaker, when did you ever see a bookmaker riding a bicycle? Never is the answer. The exchange takes a 5% cut from the winner of the bet. Chelsea are expected to win most of their m88 games and so the odds for Chelsea to win are very low, whereas the odds on the other team to win and the draw are quite high. In other words, the more successful you become then the less you will actually win until eventually you lose any profit that you gained.

If Chelsea wins then I win £10 – 5%

You could win eight times out of ten then lose all your profits on the two games Chelsea lost or drew.

I place a £10 bet on Chelsea to win

The only people who are making money out of gambling are the bookmakers; the exchanges and the spammers who sell systems that promise you the earth. There are literally thousands of sites on the Internet all dying to get their hands on your money. Exchanges use bots (software) to keep the odds markets artificially fluid that ensure that people will bet more, especially when an event is in running.

In theory you can become the bookmaker by laying every outcome so that you will make a small profit once you have paid out to the winner. It is all down to maths. A very simple example:

Sports’ betting has never been easier to do. You may even manage it once but then to keep on doing it, is very unlikely.

That was a very simplistic example. In practice making a book (as they call it) is almost impossible. If Chelsea draw then I lose £10, I can only win if Chelsea wins.

Betting Exchanges

Someone else bets £10 that Chelsea will not win.

Gambling over the Internet

Even if you do become successful and manage a winning streak, the chances are that bookmakers will limit or even suspend your account and in some cases just refuse to pay out. Don’t fall for it; within a few months they will be selling another system because their earlier ones don’t work.

Can you see that I am at a disadvantage from the start? If Chelsea lose then I lose £10. It is very unlikely that you will ever get the odds needed to complete a book. Nowadays, there is a way for you to become the bookmaker, due to the emergence of Betting Exchanges such as Betfair and Betdaq.

. The odds just don’t allow it. It is these differences in the betting odds that ensure that you will never win at sports betting.

A betting exchange is different to a usual bookmaker because you are matching your back bet with a lay bet placed by someone else. In reality it’s much more complicated www.thai-m88.com

William A. Pierce

William A. Pierce

In addition to wagers on the whole game, all second half (2H) wagers include results from overtime. For 4th quarter wagering the best practice is to read the Las Vegas and online sportsbook rules for clarity on this type of wager.

For sports bettor's who seek more information on the topic of sports betting a site for resources on the subject is http://urbanlivinglaboratory.com
William A. Pierce

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