What is Losing Bet?
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 – usually to the relevant bookmaker.
How is Losing Bet used in Sports Betting?
With so much money spent online and in betting shops, 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 to select Arsenal to beat Tottenham and for Tottenham to either draw the match or win themselves.
Although winning bets are the obvious reason why people enjoy having a flutter, 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.
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.