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The public often loses at sports betting, and a professional sports bettor shares some insights on why this is the case. The first factor is the juice, which is the commission charged by sportsbooks. For example, a -110 line means that a bettor must win 52.4% of their bets just to break even. This can be challenging, especially for amateur bettors. Another factor is the temptation to make too many picks without having the time to research and cap each game thoroughly, leading to poor decision-making. Additionally, people often fall for trap lines and make impulsive decisions to chase losses.

The speaker also highlights the importance of bankroll management, as even professional bettors experience losing streaks every year. The key is to not get emotional and not chase losses, but rather to reduce unit size and stick to the plan. The article claims that approximately 99.9% of the public loses in the long run, which is a staggering statistic. To achieve success, one needs to find value in their bets, practice proper bankroll management, and ignore the noise of short-term fluctuations. The article concludes by emphasizing the importance of discipline and consistency, and offering resources for those interested in learning more about professional sports betting.