Mug Betting | Are Casual Sports Bettors Destined To Lose?
A “Mug Bet” is a term used to describe a bet that is seen as unfavourable or unwise, often placed by an inexperienced or casual bettor, also known as a “mug.” Mug Bets have a high likelihood of losing in the long-run due lack of value, or insufficient research. In contrast, more experienced bettors aim to find “value bets,” where the odds offered are better than the actual probability of the event occurring. The vast majority of casual sports bettors can be classified as “Mug Bettors” or “Mugs” for short, as harsh as that sounds. I wanted to find out how much regular football punters are likely to lose over the course of a season, and whether I could defy the odds by generating a profit from Mug Betting. So I placed an equal £5 bet on every Premier League fixture for the remainder of the season. I based all of my selections on one thing: my opinion . How do you think I performed? Read on to find out… The Mug Betting Experiment Inspiration Every seasoned bettor knows someo...