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Is Sports Betting A Skill Or Luck? Best Approach To Sports Betting - Sports - Nairaland

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Is Sports Betting A Skill Or Luck? Best Approach To Sports Betting by Ashleyokeneye(f): 3:26pm On Mar 21, 2023
Despite the belief that betting is all about luck, some people think it's possible to develop skills that will help you win. These skills might include understanding the odds, picking winners, and managing your bankroll. There is always a chance that you will lose money in gambling, no matter how skilled and/or lucky you are. So it is safe to say both luck and skills play a role in betting.
What is the best approach to sports betting?

If you’re going to gamble on sports, it’s important to do so responsibly. That means setting a budget and sticking to it. It also means only betting on games that you understand. The more you understand about a sport, the better your chances of winning are.

In addition, when you’re looking for the best odds, different sportsbooks must offer them. Shifting your bets from one book to another can save money in what would have been an expensive bet if they had only given higher numbers!

Finally, the most essential thing to remember about gambling is that you can’t always win. No matter how much skill and/or luck there was in winning the previous hand, eventually, everyone will lose something at some point — it just happens! The best thing one could do would be to accept their losses gracefully without getting angry with themselves over what happened.
If you approach sports gambling responsibly, you can expect to have a lot of fun. You might also win some money, but there will be times when you lose money. And that’s OK! The important thing is to enjoy the experience.

So, the next time you’re feeling down about a sports bet gone bad, remember that it isn’t your fault. You can only control how well you do your research and make smart bets. The outcome is out of your hands. Keep your head up and keep betting — eventually, luck will smile on you again.

Have you ever bet on sports? Tell us about your experience in the comments! And if you haven’t registered on ILOT BET now to start betting.

2 Likes

Re: Is Sports Betting A Skill Or Luck? Best Approach To Sports Betting by MrBrownJay1(m): 3:46pm On Mar 21, 2023
60% skills, 40% luck!

anyone who tells you otherwise is a damn liar and can be proven wrong every single weekends.

9 Likes 1 Share

Re: Is Sports Betting A Skill Or Luck? Best Approach To Sports Betting by Okenejude: 4:10pm On Mar 21, 2023
Omo na true sha, you have to be smart with the games you choose to play
This thing don save me plenty times. Te te
Re: Is Sports Betting A Skill Or Luck? Best Approach To Sports Betting by Adegbe67: 4:17pm On Mar 21, 2023
Betting na 100% luck, gbagbe all these research

9 Likes

Re: Is Sports Betting A Skill Or Luck? Best Approach To Sports Betting by Tijanirasak: 4:26pm On Mar 21, 2023
Dey Play

1 Like

Re: Is Sports Betting A Skill Or Luck? Best Approach To Sports Betting by Lughasemeka: 4:30pm On Mar 21, 2023
Anybody ticket fit cut at any time

3 Likes

Re: Is Sports Betting A Skill Or Luck? Best Approach To Sports Betting by Fakeashley: 4:31pm On Mar 21, 2023
If Person fit understand odds, then why be say everybody no dey cash out like that?

7 Likes

Re: Is Sports Betting A Skill Or Luck? Best Approach To Sports Betting by Emeka71(m): 7:26pm On Mar 21, 2023
winkAny form of gambling is pure luck.

4 Likes

Re: Is Sports Betting A Skill Or Luck? Best Approach To Sports Betting by Sapeleboy911(m): 7:33am On Mar 22, 2023
Sports betting is more of skill and less luck. Or are those bookies making profits running into millions and billions the luckiest people on earth?
It is more of understanding the odds and placing +ve bets, having a sound staking strategy like the kelly criterion, and going in for the long term.
Also, you are not expected to win all bets, bookies themselves don't even make a profit on every market. The most important thing is to keep placing your +ve edge bets and don't let your emotions overcloud your sense of reasoning.

If you beat the bookie's closing line odds, on a long and consistent basis, it is sure that you will make a profit. How much you make as a profit still has little to do with luck. But you will certainly make a profit.

7 Likes 1 Share

Re: Is Sports Betting A Skill Or Luck? Best Approach To Sports Betting by Soylife(m): 10:36am On Apr 29, 2023
Sapeleboy911:
Sports betting is more of skill and less luck. Or are those bookies making profits running into millions and billions the luckiest people on earth?
It is more of understanding the odds and placing +ve bets, having a sound staking strategy like the kelly criterion, and going in for the long term.
Also, you are not expected to win all bets, bookies themselves don't even make a profit on every market. The most important thing is to keep placing your +ve edge bets and don't let your emotions overcloud your sense of reasoning.

If you beat the bookie's closing line odds, on a long and consistent basis, it is sure that you will make a profit. How much you make as a profit still has little to do with luck. But you will certainly make a profit.
Gambling is luck,it is about 70% luck and 30% skills,last year around August to October I chop booking well because I research games and I limited my tickets to max of 6 games. After then I was loosing despite all my research,the truth is that research just boost your chances of winning by a small percent,na the players wey dey field go decide. After I loose for some time,I comot hand for bet. Since then I no play again. The time I go use dey research games wey no sure I go use am learn online skill wey go help me.

11 Likes

Re: Is Sports Betting A Skill Or Luck? Best Approach To Sports Betting by Sapeleboy911(m): 8:29pm On Apr 29, 2023
Soylife:

Gambling is luck,it is about 70% luck and 30% skills,last year around August to October I chop booking well because I research games and I limited my tickets to max of 6 games. After then I was loosing despite all my research,the truth is that research just boost your chances of winning by a small percent,na the players wey dey field to decide. After I lose for some time, I comot hand for a bet. Since then I no play again. The time I go use dey research games wey no sure I go used am learn online skill wey go help me.

It should be the other way around. If you like research team stats, streaks, head-to-head, etc. If you don't have +ve edges on your odds, you will still lose money. If betting was 70% luck, bookies should be out of business by now. Or are the bookies more lucky than so many punters losing their money daily? As a non skill punter bookies make money even when you win a bet. If you were placing lots of +ve edge bets from August - October, that bookie would have limited or block your betting account. They allowed you to continue placing bets because they knew the odds were in their favour, not LUCK.

3 Likes

Re: Is Sports Betting A Skill Or Luck? Best Approach To Sports Betting by joseph032: 8:37am On May 12, 2023
Love the way you analyse Sports betting .
You having a Good Understanding will make you not a Bet addict.

And How you see Betting as possibly profitable venture
Sapeleboy911:


It should be the other way around. If you like research team stats, streaks, head-to-head, etc. If you don't have +ve edges on your odds, you will still lose money. If betting was 70% luck, bookies should be out of business by now. Or are the bookies more lucky than so many punters losing their money daily? As a non skill punter bookies make money even when you win a bet. If you were placing lots of +ve edge bets from August - October, that bookie would have limited or block your betting account. They allowed you to continue placing bets because they knew the odds were in their favour, not LUCK.
Re: Is Sports Betting A Skill Or Luck? Best Approach To Sports Betting by Ashleyokeneye(f): 10:21am On May 26, 2023
8
Bust77:
Greetings! There are both advantages and disadvantages of using online bookmakers compared to offline bookmakers. Online bookmakers offer convenient 24/7 access from anywhere with an internet connection, as well as a wider selection of markets and betting options, see https://12betindia.in/ for details. They also often offer competitive odds and promotions. However, there may be security and reliability issues and some people may prefer the social aspect of betting in person in a physical location.
Re: Is Sports Betting A Skill Or Luck? Best Approach To Sports Betting by KatieS1: 4:31pm On Jul 11, 2023
Despite the belief that betting is solely based on luck, some people argue that developing certain skills can improve your chances of winning. Understanding the odds, making informed picks, and managing your bankroll are often considered essential skills in this realm. However, it's important to remember that no matter how skilled or lucky you are, there's always a risk of losing money in gambling. The best approach to sports betting is to do so responsibly. Setting a budget and sticking to it is crucial. It's also advisable to only wager on sports that you genuinely understand. The more knowledge you have about a particular sport, the better equipped you are to make informed decisions. And if you're interested in exploring sports betting platforms, you can check out Melbet Nigeria at the following link. Remember to always gamble responsibly and within your means. If you approach sports gambling responsibly, it can be an enjoyable experience. While winning some money is a possibility, it's crucial to remember that losses are also part of the equation. So, it's important to have fun and maintain a positive outlook.
Re: Is Sports Betting A Skill Or Luck? Best Approach To Sports Betting by Loyaltyreign: 6:33pm On Jul 11, 2023
It's both skill and luck backed with a good strategy. With a good strategy, you need just a little luck and you are good to go
Re: Is Sports Betting A Skill Or Luck? Best Approach To Sports Betting by NikolaValenti: 2:55pm On Jul 20, 2023
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Re: Is Sports Betting A Skill Or Luck? Best Approach To Sports Betting by Abike101: 11:47am On Jul 21, 2023
Adegbe67:


Can I still place a bet on this, I like the Odds iLOTBET

Too late, try todays games

ENGLAND vs HAITI direct winning England
ZAMBIA vs JAPAN over 0.5
SWEDEN vs SOUTH AFRICA over 1.5
Stake your choice
Re: Is Sports Betting A Skill Or Luck? Best Approach To Sports Betting by MarksonCollins(m): 10:35pm On Jul 21, 2023
Sapeleboy911:
Sports betting is more of skill and less luck. Or are those bookies making profits running into millions and billions the luckiest people on earth?
It is more of understanding the odds and placing +ve bets, having a sound staking strategy like the kelly criterion, and going in for the long term.
Also, you are not expected to win all bets, bookies themselves don't even make a profit on every market. The most important thing is to keep placing your +ve edge bets and don't let your emotions overcloud your sense of reasoning.

If you beat the bookie's closing line odds, on a long and consistent basis, it is sure that you will make a profit. How much you make as a profit still has little to do with luck. But you will certainly make a profit.
Guy you are smart and correct, I never knew I could see someone like you on nairaland. Thanks alot

1 Like

Re: Is Sports Betting A Skill Or Luck? Best Approach To Sports Betting by Tomken1: 5:05pm On Aug 01, 2023
MarksonCollins:
Guy you are smart and correct, I never knew I could see someone like you on nairaland. Thanks alot

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