Why You Will Lose Money by Sports Betting

Chelsea are expected to win most of their 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. A very simple example:

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. If Chelsea draw then I lose £10, I can only win

if Chelsea wins.

Betting Exchanges

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. It is all down to maths. 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.

You could win eight times out of ten then lose all your profits

on the two games Chelsea lost or drew. In other words, the more successful you

become then the less you will actually win until eventually you lose any profit

that you gained.

Someone else bets £10 that Chelsea will not win.

Gambling over the Internet

Sports’

betting has never been easier to do.

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.

Don’t fall for it; within a few months they will be selling another system

because their earlier ones don’t work.

If Chelsea wins then I win £10 – 5%

Can you see that I am at a disadvantage from the start? If

Chelsea lose then I lose £10. Nowadays, there is a way for you to become the

bookmaker, due to the emergence of Betting Exchanges such as Betfair and

Betdaq.

That was a very simplistic example. It

is very unlikely that you will ever get the odds needed to complete a book. 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.. It is these differences in the betting odds that

ensure that you will never win at sports betting.

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. There are literally thousands of sites on

the Internet all dying to get their hands on your money. The odds just don’t allow it. The exchange

takes a 5% cut from the winner of the bet. You

may even manage it once but then to keep on doing it, is very unlikely.

I place a £10 bet on Chelsea to win

The

only person to win is the bookmaker, when did you ever see a bookmaker riding a

bicycle? Never is the answer. In practice making a

book (as they call it) is almost impossible

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