That's why I don't really looking to bet at exact odds over and over, instead I choose to bet on underdog and only bet on the team that which I think has high chance to pull upsets. Betting 1.90 odds in the long run will make you loss since the risk and reward isn't 50/50.
While betting on underdog, I'm not looking for the money in long run, but whenever I win, I'm happy and the reward is big.
Topic: 1.90 odds in sports gives you 50% chance fo winning. - page 7. (Read 1316 times)
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?
Are there any gamblers here which are betting with those kinds of odds that has already achieve a long term success?
You understand that everything depends on the player, if he is able to win more often than lose, then he will have a profit.
But I would like to ask, why exactly the coefficient of 1.9 was taken, why not 2, or 3? )
In fact, you can substitute different odds, but what is more important is not odds (although this also matters), but your statistics of winning bets in the long term. Every player who wants to earn money in gambling should keep statistics of each bet to see how much he managed to win. Let's say how much he managed to win from 100 bets? This is a good enough number to understand how successful you are as a player and, accordingly, you can calculate your success with different odds. And then only calculations, if you can win 60 bets out of 100, then there is a chance to be with a profit, if more than half of the bets are losing, then either you need to increase the odds, and try again, or it will not be easy for you to earn money on bets.
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.
They would say that so you'll always come back, but I don't think it's part of the terms, LOL.
Quote from: https://stake.com/policies/terms
14. PROHIBITED USES
PERSONAL USE
14.1 The Service is intended solely for the User's personal use. The User is only allowed to wager for his/her personal entertainment.
PERSONAL USE
14.1 The Service is intended solely for the User's personal use. The User is only allowed to wager for his/her personal entertainment.
Not necessarily odds of 1.90 being a 50% chance for you can be different results, several times trying to bet with odds of 1.90 or below there are still some losing bets I would not say this is a long-term success because it depends on the match chosen too.
If it's a favorite team 1X2 bet then have confidence will be won, but if in other matches are not sure even though always choose odds below that.
If it's a favorite team 1X2 bet then have confidence will be won, but if in other matches are not sure even though always choose odds below that.
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 think no one will stick to betting with these odds, but the experience of betting on those odds always results in different outcomes. For me, it can be a good outcome, but for some of you, it may not be. For sure, all of us gamblers have tried to bet on these odds. And speaking in the long run, the house (casino) always wins.Are there any gamblers here which are betting with those kinds of odds that has already achieve a long term success?
Nah, I tried that last year with the EuroBasket and it doesn't work. You will just lose if you really have no idea who is going to win the game.
I tried betting for x1.60 to x1.85 odds without any knowledge about the other team except for my favorites. But because I want to keep on betting, I forced myself to try and just place a bet for the unknown.
It's a losing strategy even if you take handicaps like +5 to +8 with odds of x1.60 to x1.90, there are unpredictable things that could happen and you might end up having a losing streak rather than a winning streak.
x1.90 is actually a high-risk bet, I'd rather take odds lower than it but not to the extent of x1.20 downwards.
I tried betting for x1.60 to x1.85 odds without any knowledge about the other team except for my favorites. But because I want to keep on betting, I forced myself to try and just place a bet for the unknown.
It's a losing strategy even if you take handicaps like +5 to +8 with odds of x1.60 to x1.90, there are unpredictable things that could happen and you might end up having a losing streak rather than a winning streak.
x1.90 is actually a high-risk bet, I'd rather take odds lower than it but not to the extent of x1.20 downwards.
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?
If you are playing a single game you have a good chance to be fairly even over the long run in wins and losses, could swing on the side of wins if you are lucky. If you are playing a multi ticket the chances of winning is much lower over the long run.- Jay -
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?
Are there any gamblers here which are betting with those kinds of odds that has already achieve a long term success?
Everyone has different targets and strategies in sports betting ,some people aim to get 2 odds or probably lower than that on a weekly or daily basis, the lower the odds the chances of it playing out is quite high but this doesn't guarantee a hundred percent successful outcome. I have played single games lower than 1.50 odds that turned out to be unsuccessful. Following this kind of strategy can be quite helpful but you can't always have winning streaks
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.
They would say that so you'll always come back, but I don't think it's part of the terms, LOL.
Anyway, let's talk about the real probability of winning. Yes, 1.90 odds don’t really give us a good chance to get ahead unless we can consistently win 6 out of 10 bets, which is really hard to achieve. By the numbers, it looks possible, but in actual experience, most of us would fail. One reason why we fail to achieve that success is because of the phrase "having fun." When you’re having fun, you’re not too serious about improving your strategy; you’re only focused on gambling within your limits to ensure you don’t get addicted, so you can continue to have fun. This is different from gamblers with a serious mindset, who believe, backed by their analysis, that they can win in sports betting—not necessarily beating the house, as we aren't gambling against the house here.
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?
[/quote]
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.
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.
Probability in sports betting is not like in roulette, where the odds are based on fixed probabilities. In sports betting, the odds are merely predictions set by bookmakers, which means they can sometimes be over- or undervalued. Sticking with 1.90 odds gives you a disadvantage of 10% every time you bet, so your winning chance should be 60% or more to make a profit, assuming you manage your bankroll effectively.
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.
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.
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?
Are there any gamblers here which are betting with those kinds of odds that has already achieve a long term success?
Jump to: