1.90 odds in sports gives you 50% chance fo winning. - page 4.

sompitonov

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Quote from: Dr.Bitcoin_Strange on August 18, 2024, 07:53:59 AM

Quote from: _act_ on August 16, 2024, 03:51:51 AM

Quote from: Dr.Bitcoin_Strange on August 15, 2024, 04:34:40 PM

I know how slim the chances of hitting a huge win in a parlay can be but some time, a wise gambler always cash out some percentage of the potential winning which could still be a significant profit depending on what the potential winning amount was. Sometimes, I just prefer to add lots of leg in the parlay so that if there's a cash-out offer, it will be a big manageable for me to take it.

If I want to bet on a single match, I can use $10 to bet it if it is having a odd of 1.5 or higher. If it is parley that consist of 3 matches, I can use $3.3 to bet it if the matches are 1.5 odds each. What I would win is still $15 for both bets. The matches can not be of the same odds but I just use it to explain it. I am not expecting huge winning and I will not cashout. I do not go more than 3 matches in parley. Parley is more of a way to lose in betting if the matches selected are getting more.

Not that you are wrong. Some poeple can select many matches and winning huge amount of money when some of the matches are not yet played. That is what you are talking about. Some people are tempted to cashout and cashout instead of waiting for the other matches to begin and end.

Your own strategy is good and I actually do stake up $10 or at least $5 if it's on a single game with a small odd, but sometimes too, in a parlay I can risk up to $10 and the games selected could be more than ten with different odds. I know that gambling is a game of luck but before I stake in such accumulator, I usually take my time to do the prediction and I only add the game that I feel so sure that it's supposed to be successful if the team doesn't fuck up. I use such strategy so that the cashout can be a bit meaningful amount Grin

.

I also like the strategy in which I choose the most confident matches for me. For example, I would prefer to bet on 1 match out of 10 that I chose, but if I am completely confident in it, and in the rest I had a borderline decision. Of course, I get a cold shower after it ends not in my favor, but who said that if we believe in something, it will come true?

In general, I have never liked odds below 1 and I prefer to take more risk. But at the same time, I see how even more players bet on small odds to win at least something, but with a higher probability. But sometimes later I see threads in which a player complains that he lost with odds of 1.1 Grin

Dr.Bitcoin_Strange

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Quote from: _act_ on August 16, 2024, 03:51:51 AM

Quote from: Dr.Bitcoin_Strange on August 15, 2024, 04:34:40 PM

I know how slim the chances of hitting a huge win in a parlay can be but some time, a wise gambler always cash out some percentage of the potential winning which could still be a significant profit depending on what the potential winning amount was. Sometimes, I just prefer to add lots of leg in the parlay so that if there's a cash-out offer, it will be a big manageable for me to take it.

If I want to bet on a single match, I can use $10 to bet it if it is having a odd of 1.5 or higher. If it is parley that consist of 3 matches, I can use $3.3 to bet it if the matches are 1.5 odds each. What I would win is still $15 for both bets. The matches can not be of the same odds but I just use it to explain it. I am not expecting huge winning and I will not cashout. I do not go more than 3 matches in parley. Parley is more of a way to lose in betting if the matches selected are getting more.

Not that you are wrong. Some poeple can select many matches and winning huge amount of money when some of the matches are not yet played. That is what you are talking about. Some people are tempted to cashout and cashout instead of waiting for the other matches to begin and end.

Your own strategy is good and I actually do stake up $10 or at least $5 if it's on a single game with a small odd, but sometimes too, in a parlay I can risk up to $10 and the games selected could be more than ten with different odds. I know that gambling is a game of luck but before I stake in such accumulator, I usually take my time to do the prediction and I only add the game that I feel so sure that it's supposed to be successful if the team doesn't fuck up. I use such strategy so that the cashout can be a bit meaningful amount Grin

.

sunsilk

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In the long run, it differs per match and odds. 1.90 is a good one if I think that the team that I'll bet on has a bigger chance to win but it doesn't mean that I'll bet with the same odds or close to it for the same team.

50% of chance winning for that odd, I don't think it's worth taking. But if you are up to gamble and you want to have more wins as with that potential, then settle the odds and still make sure that you do your own research before placing a bet.

danherbias07

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Quote from: Natalim on August 16, 2024, 08:32:08 AM

Quote from: _act_ on August 16, 2024, 03:51:51 AM

No matter how you know that league or the clubs that are playing, when a bookie see his customers going for parley, they are happy because they know that more than 95% or more of the bet would be lost by the bettors.

That's the reality; I'm not sure about the percentage, but our chance of winning a parlay bet is very slim. Just a quick spelling correction: it's "parlay," not "parley." Anyway, back to the topic, I think we should consider betting on parlays only if we aren't too serious because it's the kind of small bet with a huge reward, so that alone tells us that our chances are very slim. I think a 2-legged parlay is only equivalent to about 30% in terms of chances, so imagine how much slimmer it gets with more legs.

Super slim. We have to be wise with our parlays. If there's a chance for a cash-out, go for it, take advantage of that feature as much as possible. A win is still a win, even if the whole parlay wins in the final results, don't regret it.

I think this is why many sports bettors are failing on their first 10 tickets because they are getting greedy just after a single win. Afterward, they will make parlays which they think is easy because they won the first one but God knows how freaking difficult it is to complete a parlay and win as a result.
Well, experience will make a gambler wiser, I guess they will need to walk that path for them to know the reality.

EarnOnVictor

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Quote from: freedomgo on August 10, 2024, 02:07:54 AM

So if you keep choosing odds of 1.90 or lower with a 50% chance of winning, do you think you can win in the long run? This is like giving the house an edge of 10%, and that's too much to give, yet we are too confident in winning. Are we being realistic here, or are we just too confident in our skills that we believe we can win 60% of the time?

Are there any gamblers here which are betting with those kinds of odds that has already achieve a long term success?

Some gamblers are doing well in gambling activities with even lower odds than 1.90, it's their plans that matter. The 1.90 is near to doubling your wagering amount (2.00), so what is the stress in that? Haven't you seen the gamblers betting on 1.40 odds and lower, it is all about your risk affinity, chance of winning and the management style you use to cover up for lapses. Just like in trading, I apply a good risk-to-reward ratio to my gambling. I prefer 2.00 odds to make it more convenient, often time, lower odds are welcome but can't be less than 1.80. The plan is that, with my high level of winning of about 75% in sports betting, I still have about a 25% chance to override the little 0.1 and 0.2 shortage of 2.00 in those bets. This is even as I often bet 2.00 and above to further help my calculations and override the shortage in those odds.

Natalim

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Quote from: _act_ on August 16, 2024, 03:51:51 AM

No matter how you know that league or the clubs that are playing, when a bookie see his customers going for parley, they are happy because they know that more than 95% or more of the bet would be lost by the bettors.

That's the reality; I'm not sure about the percentage, but our chance of winning a parlay bet is very slim. Just a quick spelling correction: it's "parlay," not "parley." Anyway, back to the topic, I think we should consider betting on parlays only if we aren't too serious because it's the kind of small bet with a huge reward, so that alone tells us that our chances are very slim. I think a 2-legged parlay is only equivalent to about 30% in terms of chances, so imagine how much slimmer it gets with more legs.

Yatsan

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Quote from: freedomgo on August 10, 2024, 02:07:54 AM

So if you keep choosing odds of 1.90 or lower with a 50% chance of winning, do you think you can win in the long run? This is like giving the house an edge of 10%, and that's too much to give, yet we are too confident in winning. Are we being realistic here, or are we just too confident in our skills that we believe we can win 60% of the time?

Are there any gamblers here which are betting with those kinds of odds that has already achieve a long term success?

I agree just like the others have said that in the long run, it makes it difficult to get an advantage, even when you are winning more often than the 50% chance might suggest. You will need to win at a higher rate than expected for winning against house edges if you need to bet consistently in such a challenge. While some of us and other gamblers can win in the long run at least with confidence that most of the time requires more sophisticated strategies or detailed research picking next option outcome is okay, math magic and outside the house edge is critical to realistic expectations. For starters, always know the edge of the house, and try to bid where you have a good advantage and also being well informed with discipline will help you make good decisions and enhance your chances for long-term success.

_act_

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Quote from: Dr.Bitcoin_Strange on August 15, 2024, 04:34:40 PM

I know how slim the chances of hitting a huge win in a parlay can be but some time, a wise gambler always cash out some percentage of the potential winning which could still be a significant profit depending on what the potential winning amount was. Sometimes, I just prefer to add lots of leg in the parlay so that if there's a cash-out offer, it will be a big manageable for me to take it.

If I want to bet on a single match, I can use $10 to bet it if it is having a odd of 1.5 or higher. If it is parley that consist of 3 matches, I can use $3.3 to bet it if the matches are 1.5 odds each. What I would win is still $15 for both bets. The matches can not be of the same odds but I just use it to explain it. I am not expecting huge winning and I will not cashout. I do not go more than 3 matches in parley. Parley is more of a way to lose in betting if the matches selected are getting more.

Not that you are wrong. Some poeple can select many matches and winning huge amount of money when some of the matches are not yet played. That is what you are talking about. Some people are tempted to cashout and cashout instead of waiting for the other matches to begin and end.

Quote from: topbitcoin on August 15, 2024, 04:45:27 PM

It is natural that you often lose in parlay betting because it is difficult, but it is not impossible if you are used to and know the conditions of the matches you take to bet, your big wins make up for your losing streak.

No matter how you know that league or the clubs that are playing, when a bookie see his customers going for parley, they are happy because they know that more than 95% or more of the bet would be lost by the bettors.

topbitcoin

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Quote from: $crypto$ on August 12, 2024, 03:12:43 PM

Quote from: Questat on August 12, 2024, 08:09:43 AM

I would rather bet on higher odds than combine two bets into a parlay. Based on what I've read, parlays are often money traps designed to entice us with the potential for bigger winnings. The more legs we add to a parlay, the lower our chances of winning, which is why sportsbooks favor bettors who enjoy parlays. The allure of a big payout might be tempting, but the reality is that the odds of hitting a large parlay are slim.

Parlay is more tempting I often do this because the odds are increasing even though choosing small odds but still that's what the bookies want, if we take one wrong bet that is entered into parlay then the entire bet will be lost even though this opportunity is small but I still do it.
Several times winning luckily, on the other hand, I have lost consecutively in parlay betting.

Parlay betting is more interesting, more tense and you have to think harder to choose the team that will get a win in the match or draw, this does provide a small chance of winning, no wonder the winnings offered are very large if we can predict the match correctly in all the matches entered.

It is natural that you often lose in parlay betting because it is difficult, but it is not impossible if you are used to and know the conditions of the matches you take to bet, your big wins make up for your losing streak.

Dr.Bitcoin_Strange

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Quote from: Questat on August 12, 2024, 08:09:43 AM

Quote from: Dr.Bitcoin_Strange on August 12, 2024, 05:50:38 AM

The house edge is usually in favor of the casino and no matter how high or low the odds are, the casino are still people that benefits the more. Success in betting doesn't come by playing the 1.90 odd repeatedly but you can combine different small odds and stake on it with the amount you can afford to lose. Even small odds doesn't guarantee a huge win. If you take gambling as a business, be ready to lose unexpected times and also to win in unexpected times.

I would rather bet on higher odds than combine two bets into a parlay. Based on what I've read, parlays are often money traps designed to entice us with the potential for bigger winnings. The more legs we add to a parlay, the lower our chances of winning, which is why sportsbooks favor bettors who enjoy parlays. The allure of a big payout might be tempting, but the reality is that the odds of hitting a large parlay are slim.

I know how slim the chances of hitting a huge win in a parlay can be but some time, a wise gambler always cash out some percentage of the potential winning which could still be a significant profit depending on what the potential winning amount was. Sometimes, I just prefer to add lots of leg in the parlay so that if there's a cash-out offer, it will be a big manageable for me to take it.

$crypto$

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Quote from: Questat on August 12, 2024, 08:09:43 AM

Quote from: Dr.Bitcoin_Strange on August 12, 2024, 05:50:38 AM

The house edge is usually in favor of the casino and no matter how high or low the odds are, the casino are still people that benefits the more. Success in betting doesn't come by playing the 1.90 odd repeatedly but you can combine different small odds and stake on it with the amount you can afford to lose. Even small odds doesn't guarantee a huge win. If you take gambling as a business, be ready to lose unexpected times and also to win in unexpected times.

I would rather bet on higher odds than combine two bets into a parlay. Based on what I've read, parlays are often money traps designed to entice us with the potential for bigger winnings. The more legs we add to a parlay, the lower our chances of winning, which is why sportsbooks favor bettors who enjoy parlays. The allure of a big payout might be tempting, but the reality is that the odds of hitting a large parlay are slim.

Parlay is more tempting I often do this because the odds are increasing even though choosing small odds but still that's what the bookies want, if we take one wrong bet that is entered into parlay then the entire bet will be lost even though this opportunity is small but I still do it.
Several times winning luckily, on the other hand, I have lost consecutively in parlay betting.

tread93

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Quote from: Charles-Tim on August 10, 2024, 02:50:09 AM

Quote from: freedomgo on August 10, 2024, 02:07:54 AM

So if you keep choosing odds of 1.90 or lower with a 50% chance of winning, do you think you can win in the long run? This is like giving the house an edge of 10%, and that's too much to give, yet we are too confident in winning. Are we being realistic here, or are we just too confident in our skills that we believe we can win 60% of the time?

With 2 odds, the chance of winning is not even 50%. Just like you posted, there is house edge. So with 50% chance of winning a game, the casino are still more likely to win the gambler because the house edge makes the winning probability to be less than 50% for the gambler.

quote author=freedomgo link=topic=5505716.msg64410240#msg64410240 date=1723270074]
Are there any gamblers here which are betting with those kinds of odds that has already achieve a long term success?

Most gamblers wants to win, but it is in the casino terms of service that gambling should be for fun. The casinos know that gamblers are losing regardless of the odds they are using to bet.
[/quote]

Its pretty wild that casinos have got it down to a science. That alone should definitely tell anyone that you are up against a professional opponent. I've talked about professional gamblers and all that and there have been threads and all this but i've finally come to the conclusion that the best professional gamblers are the casino operators because the house always wins lol.

Questat

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Quote from: Dr.Bitcoin_Strange on August 12, 2024, 05:50:38 AM

The house edge is usually in favor of the casino and no matter how high or low the odds are, the casino are still people that benefits the more. Success in betting doesn't come by playing the 1.90 odd repeatedly but you can combine different small odds and stake on it with the amount you can afford to lose. Even small odds doesn't guarantee a huge win. If you take gambling as a business, be ready to lose unexpected times and also to win in unexpected times.

I would rather bet on higher odds than combine two bets into a parlay. Based on what I've read, parlays are often money traps designed to entice us with the potential for bigger winnings. The more legs we add to a parlay, the lower our chances of winning, which is why sportsbooks favor bettors who enjoy parlays. The allure of a big payout might be tempting, but the reality is that the odds of hitting a large parlay are slim.

Dr.Bitcoin_Strange

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The house edge is usually in favor of the casino and no matter how high or low the odds are, the casino are still people that benefits the more. Success in betting doesn't come by playing the 1.90 odd repeatedly but you can combine different small odds and stake on it with the amount you can afford to lose. Even small odds doesn't guarantee a huge win. If you take gambling as a business, be ready to lose unexpected times and also to win in unexpected times.

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Quote from: Darker45 on August 12, 2024, 12:10:12 AM

As for myself, I haven't achieved success in my years of gambling. As always for me, gambling has been an expense rather than a source of money.

We are confident of a win sometimes not because of the odds but because of how we see the upcoming game or match. The odds of course would reflect this oftentimes, but it doesn't work that way all the time. So the same confidence that you may find in a bet with 1.90 odds could also be found in bets with odds as high as 2.80.

To those who place bets coming from a high level of familiarity and analysis, their bets must be realistic. They aren't betting while summoning luck.

I have the same experience; it has been an expense, but what's important is that I'm having fun with it. That's the difference when you treat gambling as a fun activity as you don't see your losses as a challenge but rather consider them as an expense for the entertainment.

I think the mindset differs among gamblers, but what’s important is that they are responsible for what they’re doing. Some may believe they have the skills to turn gambling into a way to make a living, which is quite exceptional. Most of us don't have that talent, so we should know our limits to stay safe.

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As for myself, I haven't achieved success in my years of gambling. As always for me, gambling has been an expense rather than a source of money.

We are confident of a win sometimes not because of the odds but because of how we see the upcoming game or match. The odds of course would reflect this oftentimes, but it doesn't work that way all the time. So the same confidence that you may find in a bet with 1.90 odds could also be found in bets with odds as high as 2.80.

To those who place bets coming from a high level of familiarity and analysis, their bets must be realistic. They aren't betting while summoning luck.

ralle14

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Quote from: freedomgo on August 11, 2024, 07:32:40 AM

That does not align with my bankroll management principles. I would rather stick with a certain percentage of the wager, as it will increase the amount once my bankroll grows. I just want to make a simple strategy that works, and odds like 1.90 and lower don’t seem to work for me based on my experience. Experts mention that we just need to achieve 53%, and while that's right, which is easier: lowering the winning percentage and increasing the odds, or the opposite?

Those rules are okay too, but from my perspective, it's more challenging if you limit yourself to an exact percentage because there are weeks when matches are unreadable and good teams suddenly whittle down in predictable matches.

Out of those two choices, i'd pick the former because i've tried it with a bit of success, the biggest downside with it is that you need a lot of discipline and patience knowing when good underdogs appear at a good price.

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Quote from: freedomgo on August 10, 2024, 02:07:54 AM

So if you keep choosing odds of 1.90 or lower with a 50% chance of winning, do you think you can win in the long run?

No odd regularly played in thesame perttern can continue winning in a long run. Even if you chose to play 1.50, 1.60 to 1.90 odd which is almost like %90 chance preferably over your %50 as you said, you may not be able to win continuously because odd will remain thesame but game changes. This still implies that it's all about luck.

Quote from: freedomgo on August 10, 2024, 02:07:54 AM

Are there any gamblers here which are betting with those kinds of odds that has already achieve a long term success?

Let me talk for myself, I have tried playing 2odd single games in 5 different tickets instead of multiple, and I was able to almost win %80 of my ticket which is 4 tickets out of 5. So I continued but it was not regularly. sometimes I lose 3 tickets and win 2, and the win amount is just small compared to multiple stake. So looking at it, you will see how difficult it's is. In summary no strategy is a perfect strategy in the long run hence gambling is for fun not a business that generates a steady income. Even the casino didn't built it for business porpos but as a "try your luck method " which is either keep trying for fun and have hope to win big someday than not trying atol.

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Quote from: Poker Player on August 10, 2024, 02:12:55 AM

This is not accurate. The 1.90 is given to you by the house when it calculates that there is a 50% probability that you will win. Those calculations are not exact. It is not like in roulette that if you play red or black you have a 47.37% chance of winning (in American roulette). That's exact.

If you are able to beat the house in the odds calculation is how you win money in the long term, which is becoming increasingly difficult especially in major sports.

I highly agree! I believe the chance of winning on the 1.90 odds is not dependent on the odds alone. Even if it has more than 50% chance of winning theoretically, there are other factors that affect the result of the match like the condition of the team or athlete on the day of the fight, the unknown factor that can affect the result of the game and more.

At the end of the day, the actual chance of winning is dependent on how a bettor assesses the possible outcome of the game and not the given odds by the bookmaker. So it is still not sure whether betting on these odds will be profitable in the long run unless we can precisely predict the outcome of the game.

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Quote from: freedomgo on August 10, 2024, 02:07:54 AM

(....)

Are there any gamblers here which are betting with those kinds of odds that has already achieve a long term success?

As a gambler, I will not just fully rely on this kind of odds, if this is only your basis to place your bet, I don't think it will make you profitable, you need to consider a lot of things, for example in the NBA games, like the players line up, injury reports, home court advantage, etc.

Topic: 1.90 odds in sports gives you 50% chance fo winning. - page 4. (Read 1246 times)