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What is a Losing Bet? Losing Bet Explained for New Sports Bettors

It depends on what kind of selection a bettor has made, but a losing bet is any bet that fails to produce winning returns. For most bettors this is often the most common result, as that is the very nature of gambling.

A losing bet is where the prediction a bettor has made in regards to an event does not come true, meaning that the stake they have bet is lost – likely to one of the many sports betting sites available online.

How is Losing Bet used in Sports Betting?

With so much money spent at top bookmakers, it is no surprise that much of that cash goes to the bookmakers in the form of losing bets. Even with seemingly inevitable events the odds will always reflect the chances of it coming true – and with sport especially there is always the chance of an upset.

An example of a losing bet would be if you went to our Betting Odds Comparison Page and took the moneyline for the Patriots to beat the Dolphins. If the Dolphins won the game or tied after an overtime period, that would be a losing bet.

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Don’t be too Discouraged at Losing Bets

Although winning bets are the obvious reason why people enjoy betting, losing bets should always be expected as they are part and parcel of gambling. It is only natural to try to make up for your losses after a losing bet, but bettors should always be responsible and accept their losses without chasing the next win.

Use Odds Boosts or Promotions to Increase your Chances

Although there’s no guaranteed way to always pick a winner, there are some things you can do to increase your chances. One is to take advantage of all the bonus codes and promotions online sportsbooks constantly offer to customers. These promotions give you things like matched betting, free bets, or loss prevention where you’ll be reimbursed for a bet if you lose.

Find all of the best bonus codes and promotions at our Best Betting Offers Page. Speaking of betting offers, here’s a great example of one now from our friends at William Hill. Whenever you find a great offer, be sure to take advantage of it. Operator deals and promotions are constantly changing.

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Did you know…

A Wilfred Bony last-minute goal for Swansea against Manchester United in 2014 resulted in a losing bet for many fans. The Swans had not won at Old Trafford for 82 years, but a dismal performance from United upset the odds and meant that many single and multiple bets will have ended up as losers.

See also:

Winning bet

Accumulator

Multiple bet

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