In the context of sports betting, a bleeder usually refers to a bettor who bets on a variety of games or events but lacks a focused strategy or sufficient knowledge about the teams or athletes involved. This could stem from emotional betting, chasing losses, or failing to adhere to a well-defined betting system. Over time, even small losses can add up, leading to a substantial impact on the bettor’s finances.
Bleeder Example
For example, if a bettor consistently wagers $50 on various games each week but loses more than half of those bets, they might find themselves losing $25 to $30 each week. While these losses may seem minor individually, over a year, they could amount to a significant loss, categorizing that bettor as a bleeder.