I'm not saying Betting is a scam. Betting is not a scam, but the system is rigged to favour the betting companies.

It's not 100% rigged, so clever bettors who aren't greedy usually make steady income from it (Sports betting).

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NOTE: This answer is based on Sports betting and might not be applicable to others forms of betting.

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Another problem why people lose all the time is because they treat it like lottery or like a roll of a dice. Most people see betting as being dependent on luck. That's just fallacy.

There is a little bit of luck in Sports betting but majority of time, it is purely mathematical.

Team A vs Team B

There are three options:

A to Win
Draw
B to Win
This gives you 1/3 chances of winning.

(1÷3) x 100% =33.33%

Meaning you have approximately 33.33% chances of winning a single game.

Accumulate 10 games in a bet slip and your chance of winning becomes:

Total number of accumulator = 10

Total outcome (based on 3-way market) = 3×10 =30

Chances of getting a Win = (1÷30) x 100% = 3.33%

Now 3.33% is close to impossible. It means you will hardly get a win. Most people bet this way, that is why they are unable to win often.

The solution is to avoid being greedy. The higher the number of accumulators, the higher the chances of losing. So stick to singles bet or few accumulators.

You can make risky bet once in a while for the sake of fun, but your main bets should be mathematically sound.

If you cannot avoid greed in sports betting, it will be better to quit. Forget the fake Twitter or Instagram posts telling you they just won 30 millions, 25 millions etc.

Those are just to feed your greed and get you hooked on to Sports betting like drugs. The only people that stays afloat in sports betting are the non greedy ones. Others get drowned in sea of losses. Sport betting is a scary place for greedy folks.

Sorry if my answer is a little bit too strong. There are a lot of Sports betting promoters out there.

They sugar -coat a lot of these thing so beginners don't know what they are getting into and thus end up being deceived. This is the hash truth about football betting.


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