Football betting is a particularly addictive substance
Everyone knows that drugs, cocaine... Are highly addictive and dangerous for humans. However, few people notice that football betting is also addictive, with equally harmful effects as heroin.
Many scientific studies have shown that football betting has a mechanism that affects the human nervous system similar to stimulants or addictive substances. When winning a bet, the feeling is similar to a drug high, and players feel exhilarated and euphoric for a long time.
Conversely, when losing a bet, players feel bored, depressed, panicked, and similar to an unsatisfied drug addict. There have been many cases where individuals have even committed suicide just because of losing a football bet.
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The danger of football betting lies in its direct connection to passion. Most football bettors are passionate about the king of sports. According to many studies, this is the reason why football betting addiction is more difficult to overcome than other forms of gambling. Therefore, the best way is to stay away from this dangerous type of gambling.
2. Football betting never wins
One of the questions that every football bettor often asks is, "Can I make money from football betting?" According to scientists, the answer is almost "No."
The reason for this fact is the 11-10 betting method that bookmakers usually apply. Accordingly, when betting, if players want to win 10 dollars, they have to bet 11 dollars.
With this method, players can win once or twice and think they can make money from betting. However, in the long run, to break even, they must have a winning rate of at least 11/21 (equivalent to 52.38%).
On the other hand, in every betting case, bookmakers always have at least one dollar as "commission" from the 11-dollar bet of players. Therefore, in the long run, bookmakers always win.
3. The more knowledgeable one is about soccer, the higher the likelihood of losing in gambling
Typically, when one has a solid understanding of a certain field, they are more likely to succeed in that area. However, the opposite seems to be true for soccer gambling. In simple terms, the more one understands about soccer, the more likely they are to lose in gambling.
This was proven through the study of two Israeli professors - Dannon and Ronen Huberfeld. They selected three groups: group I consisted of 53 professional gamblers; group II consisted of 34 soccer enthusiasts with a lot of sports knowledge but no gambling experience; and group III consisted of 78 individuals who never gambled and had no knowledge of sports or soccer. All had to place bets on the results of the Champions League 2012-2013 round of 16 matches.
The results were surprising: the soccer-knowledgeable group did not have a higher winning rate than the other two groups. In fact, the two biggest winners in the study were both from the group with no knowledge of soccer or gambling.
The two experts explained that in soccer gambling, players who have a good understanding of the sport often believe they are making accurate predictions, but this creates an illusion and makes them even more vulnerable to losing in gambling.
4. Gambling while losing increases the likelihood of losing even more
When losing in soccer gambling, most players feel frustrated and want to continue playing in order to recoup their losses. However, according to the research of Juemin Xu and Nigel Harvey, gambling while losing actually increases the likelihood of losing even more.
The two experts observed and analyzed 565,951 instances of online soccer and horse racing betting, looking at six consecutive win/loss sequences. The winning rate in the first bet is usually 48%.
For consecutive losing sequences, the winning rate gradually decreases in the following bets, dropping to 47%, 45%, and even lower. In contrast, if one wins the first bet, the winning rate increases continuously, with the sixth bet potentially having a high success rate of 75%.
The two experts explained that when winning, players tend to think more rationally, thus increasing their chances of winning even more. On the other hand, those who are losing tend to take more risks, making them more vulnerable to failure and losses.