Sport betting with Dovish: Reasons why people lose alot in betting

SOURCE

Firstly let's know what sport betting is all about. Sport betting as the name implies it is the act of staking on the possible outcome of a particular sport be it Soccer, Basketball, Hockey, Volleyball etc.

Over the years there have been complains on how astronomical the rate at which people lose to betting has increased, leading to some being bankrupt, some committing suicide as a result of maybe using loaned money or money meant for something important to bet and losing in the process. Today i will be talking about the possible reasons why people lose to betting and how to curtail it to avoid further damage.

Reasons why people lose alot in sport betting are as follows:

• Greed

Greed is the feeling of not being satisfied ( always wanting more). Carrying Greed into sport betting is dangerous because the outcome doesn't only affect you mentally it also makes you depressed and if one is not careful one might commit suicide.

Greed comes into play when you tend to want more by staking more. You staked a sport with maybe $5 dollars being that you don't have staking power due to you not being financially stable and you won let's say $50. Greed will want you to invest more into it to make more profits, forgetting that sport betting is a 50/50 chance, you lose or make profit no 100% chance is guaranteed.

Source

• Know when to stop

Knowing when to stop in betting is important. You stake a sport bet with $5 to make $50 and it won, that's a $45 profit. At this moment you should stop and use the money to solve your needs cause you might reinvest and lost all. Dont get addicted to sport betting it's dangerous know when to bet and when not to bet.

• Dont bet because of the urgency of your problem.

Betting because you need money to solve your problems like house rent, school fees etc will only mount more pressure on you and this pressure may lead to you reinvesting in a bid to raise your money and may eventually lose everything.

Source

• Bet with what you can afford to lose.

Dont bet with your house rent, school fees etc to avoid regretting. Bet only with money you can afford to lose ( like your spare money).

In conclusion sport betting is never 100% guaranteed that you must win, so be cautious while betting to avoid losing to the state of being depressed or going bankrupt.