Is Sports Wagering Luck or a Skill?

Sports betting is extremely popular among players from all over the world thanks to its availability, a wide selection of sports, the frequency of matches, fun, ease, and excitement. You can read dozens of success stories of some players placing $10,000 on a football game and 100x their investment. Obviously, some of these big winners got extremely lucky – some of them have never wagered before, and some of them put their entire bankroll on a single match. So do you just need to be lucky to be successful at sports gambling or do you need to have years of experience and tons of knowledge to succeed?

The Theory of Probability

Well, the answer is you need both – luck and skill, but the skills and experience you have are more likely to let you be a winner in the long term. Let us explain. Two players make 10 different wagers – and one person wins all 10, while the other one loses it all. How did that happen? Well, the first person got absolutely lucky, but it does not mean he is a successful player with years of experience. Similarly, the second person does not have to be a complete newbie if he has lost all 10 wagers. But why did that happen? It is just a theory of probability that “defined” who was lucky and who was not. You can toss a coin 10 times and win 10 times or lose 10 times, or you could win only 5 times, no one knows! But the thing is that 10 times is too small to define whether you are lucky or not.

When we make sports bets, we also rely on the theory of probability – no one knows in advance what will be the outcome of the game. If we make only 10 random bets, we can definitely win 10 times or lose 10 times – the number is too small to define our luck. But if we make 10,000 bets, the probability of winning or losing 10,000 times is so tiny and unlikely that we cannot even consider it. That said, if you have experience, skills, and dedication, you will always remain a winner in the long term, but if you just place random bets on sports without doing prior research, you are very likely to lose it all. Keep practicing every day and develop your sports betting skills to win big even if you think you are unlucky.

Start Improving your Skills

Now that you know that you can be successful at sports betting even if you never get super lucky with wagers, we recommend you place your bet now! The more bets you make, the more experienced you get, and the more likely you are to win big in the long term. If you leave your emotions behind and wager wisely, your sports betting journey will be successful with or without luck!