Why You Will Lose Money by Sports Betting

Itis very unlikely that you will ever get the odds needed to complete a book. Chelsea are expected to win most of their games and so the oddsfor Chelsea to win are very low, whereas the odds on the other team to win andthe draw are quite high. It is all down to maths. They offer generousincentives for you to join them with some sites offering to match your depositup to 200 and do you know why? It’s because they know that they will get theirmoney back plus most of yours.

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 systembecause their earlier ones don’t work.

Theonly person to win is the bookmaker, when did you ever see a bookmaker riding abicycle? Never is the answer. If Chelsea draw then I lose 10, I can only winif Chelsea wins.

Gambling over the Internet

Sportsbetting has never been easier to do. I place a 10 bet on Chelsea to win

Even if you do become successful and manage a winning streak,the chances are that bookmakers will limit or even suspend your account and insome cases just refuse to pay out. Youmay even manage it once but then to keep on doing it, is very unlikely.

Betting Exchanges

A betting exchange is different to a usual bookmaker because youare matching your back bet with a lay bet placed by someone else. The odds just don’t allow it. The exchangetakes a 5% cut from the winner of the bet. Exchanges usebots (software) to keep the odds markets artificially fluid that ensure thatpeople will bet more, especially when an event is in running.

Someone else bets 10 that Chelsea will not win.

If Chelsea wins then I win 10 – 5%. A very simple example:

You could win eight times out of ten then lose all your profitson the two games Chelsea lost or drew. In other words, the more successful youbecome then the less you will actually win until eventually you lose any profitthat you gained.

That was a very simplistic example. In reality it’s much morecomplicated. There are literally thousands of sites onthe Internet all dying to get their hands on your money. Nowadays, there is a way for you to become thebookmaker, due to the emergence of Betting Exchanges such as Betfair andBetdaq.

Intheory you can become the bookmaker by laying every outcome so that you willmake a small profit once you have paid out to the winner. In practice making abook (as they call it) is almost impossible. It is these differences in the betting odds thatensure that you will never win at sports betting.

Can you see that I am at a disadvantage from the start? IfChelsea lose then I lose 10

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