You are absolutely correct and I would never encourage anyone to gamble.
Over the two years I have had an online account, I have probably spent around £100.
Not a huge sum, and for me, betting on the football is more of a fun hobby where I see it as spending money rather than trying to win.
My stakes are generally £2 or £5, very seldom higher.
Wins are a bonus!
I set a limit... how much am I prepared to spend this month on the football betting? That could be around £20.
If the £20 is spent then the account stays at zero till the next month.
Some people spend more on fags or booze, so I have no worries there.
Re the odds, yup... I totally agree.
I have recently changed how I bet.
I generally put money on certain players to score if the odds are decent, or up to a treble of shorter odd match outcomes.
I don't do correct scores... too much of a "gamble"!
This month, I put £20 in my account.
As of yesterday, it was worth £97.60.
It was up at £101.... back down to £65... then back up to the current level.
Yesterday, I had two winning bets...
a double... Dundee Utd to beat Ross County away at 5/2 and ICT to win away at Partick at 6/4
Both a gamble... both shortish odds... but combined, I got £43.75 back for my £5 stake.
The other return was £2 on Simeon Jackson to score at 3/1 for an £8 return.
My other two bets lost, £5 on each...
Ayr v QoS and Morton v Alloa both draws (feckin Ton!!!) 5/2 and 13/5 would returned £37,50... but cost £5 instead.
St Mirren 9/4, Hearts 6/5 and St Johnstone 3/4 for a treble.... Not even close!!! Would have returned £62.56... cost me £5 instead.
Bottom line... bit of fun... interest in the football on a day when I had to work and couldn't attend... Net gain 34.75.
I find that small stakes on doubles and trebles last longer and see it as a bit of fun. I fully expect my balance to be back to zero though! I don't bet looking to make my fortune... that is when it is, as my Mum used to say, "a mugs game".