About football betting - page 6. | Bitcointalksearch.org

qwertyup23

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Quote from: Bananington on April 16, 2023, 07:52:54 AM

There are two aspects to gambling, one is gambling on sports (sportsbetting), one is casino games (casino gambling). They are both gambling and which you decide to do depends on the one you are more comfortable with to gamble on and which you have more knowledge on. Sportsbetting is more difficult to manipulate than Casino games.

This is also the reason on why sportsbetting has some sort of odds against a dominating team.

For example, if a matchup between a strong team and a weaker team happened, obviously the odds of the former team winning is higher compared to the latter. In order to balance this out, some sports casino place odds in which you only get a percentage of your winnings in the event that the stronger team won. This has to be done in order to balance out teams competing with each other.

Though this may be the case, I do agree that sports betting is more difficult to manipulate since the game happens live. The only exception here is if the game is fixed but this rarely happens.

DoublerHunter

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Quote from: Oasisman on April 18, 2023, 04:12:30 PM

Quote from: Z390 on April 16, 2023, 05:02:24 AM

but with football it is different, your bet is on the performance of a soccer team and the gambling platform will only win your money if your football team loses, right?

Yeah, but it's still depends in the odds, though if you bet on the winning team, but losses on the point spread - +, then your bet losses as well. If you just bet straight on the winning team, casinos don't usually put huge prizes on the favourite teams - so, it doesn't look like the casino losses anyway.
When you bet in the underdog, there will be a bigger prize but definitely a small chances of winning.

^That is the point and I agree.
Betting on the underdog can be tempting due to the potential for a larger payout, but keep in mind the lower likelihood of winning. Just like while betting on the favorite may not yield as big of a payout, there is a possibility of winning. Just understand the odds and risks involved in any type of betting, because the fact is that the casino always has an edge in these types of games, but that does not mean that you cannot have some fun and potentially come out ahead if luck is on your side.

Cling18

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Quote from: Z390 on April 16, 2023, 05:02:24 AM

Correct me if I am wrong

I am not a football fan and any form of prediction is still a gamble to me, but I have gamble on few different online casinos and I believe that gamblers on casinos gambles with the casino games, meaning it's between the gambler and the casino, but with football it is different, your bet is on the performance of a soccer team and the gambling platform will only win your money if your football team loses, right?

This makes it more cleaner to me, there will be no tampering of the system or fine tunning their games to make gamblers loses more than they win.

Can anyone confirm if this is right? Or wrong.

Yes, and your chances of winning will be based on the player's luck as well but compared to other provably fair games, you can possibly have an advantage if football betting because you can pick where to bet based on the strength and previous performances of the team.
If you are fully equipped with knowledge about this sport, you can pick where to bet easily though some matches are really challenging.

Fivestar4everMVP

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Quote from: Z390 on April 16, 2023, 05:02:24 AM

Correct me if I am wrong

I am not a football fan and any form of prediction is still a gamble to me, but I have gamble on few different online casinos and I believe that gamblers on casinos gambles with the casino games, meaning it's between the gambler and the casino, but with football it is different, your bet is on the performance of a soccer team and the gambling platform will only win your money if your football team loses, right?

This makes it more cleaner to me, there will be no tampering of the system or fine tunning their games to make gamblers loses more than they win.

Can anyone confirm if this is right? Or wrong.

Well, as much as I try to believe that you are right, you are actually wrong..
When it comes to games like slot and others, gamblers are actually gambling against the game system built by the provider of that game, not particularly against the casino, casino only provides the platform connecting the gamblers to the game provider through the game the gambler play.

Thought this is different for casino's original games, as games in this category actually belongs to the casino itself, so any player playing any of those games are playing against the casino.

And for sports betting in general - not limited to football alone - the bettor is actually betting against other bettors, and not necessarily against the casino itself, like it is with slot games, casinos act as escrow and provide a platform for fans from both side to bet.

Mr.suevie

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Quote from: Gozie51 on April 21, 2023, 04:11:42 PM

Quote from: Z390 on April 16, 2023, 05:02:24 AM

This makes it more cleaner to me, there will be no tampering of the system or fine tunning their games to make gamblers loses more than they win.

Can anyone confirm if this is right? Or wrong.

You could be right except where some fans of football team or bettors complain of match fixing but on a larger scale, it is more possible that manipulation is reduced. The most part of your post is on comparison of soccer or football betting and casino games. Of course their modus are different, you are playing against the owner of a casino while in football you betting based on the general performance of the team and their place in the league table. Apart from visual soccer that is programmed, football is real and realistic, it can be considered as a provably fair game because its activities is open to the public with video assistant referees (VAR) giving more credence to its fair nature.

Very correct on that football or soccer as some may call it depending on the country in which the game is played, soccer is very real and you can predict games in sport betting without even you being a football lover, you just have to check on the player and teams stats of the two clubs playing and with the bookmakers already making it easier with the odds, you could go and pick the lesser odds as those teams are the ones with the more likely chance to a win the match but the funny thing is that these bookmakers actually get these odds all wrong sometimes and mislead gambler to choosing the wrong teams.

Gozie51

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Quote from: Z390 on April 16, 2023, 05:02:24 AM

This makes it more cleaner to me, there will be no tampering of the system or fine tunning their games to make gamblers loses more than they win.

Can anyone confirm if this is right? Or wrong.

You could be right except where some fans of football team or bettors complain of match fixing but on a larger scale, it is more possible that manipulation is reduced. The most part of your post is on comparison of soccer or football betting and casino games. Of course their modus are different, you are playing against the owner of a casino while in football you betting based on the general performance of the team and their place in the league table. Apart from visual soccer that is programmed, football is real and realistic, it can be considered as a provably fair game because its activities is open to the public with video assistant referees (VAR) giving more credence to its fair nature.

roslinpl

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Most of the gamblers who had playing of sports bet are from the football background. Either they must be a fan or Football team players. Football is the only game which had huge numbers of fan base all around the world. In some countries football is not the game played by the country government, but the football players had the fan base for the football. When you had good knowledge about your football betting team and the players capacity. The football team and you who placed their bet on your football will win the game. It’s good system which allow you to earn more money from the football knowledge. We need update our knowledge towards the betting and on the football. Or else the winning will back to the gambling website by the name of the loss. So you need to be update and up to date in football betting.

Casdinyard

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Quote from: Z390 on April 16, 2023, 05:02:24 AM

Correct me if I am wrong

I am not a football fan and any form of prediction is still a gamble to me, but I have gamble on few different online casinos and I believe that gamblers on casinos gambles with the casino games, meaning it's between the gambler and the casino, but with football it is different, your bet is on the performance of a soccer team and the gambling platform will only win your money if your football team loses, right?

This makes it more cleaner to me, there will be no tampering of the system or fine tunning their games to make gamblers loses more than they win.

Can anyone confirm if this is right? Or wrong.

Congratulations on realizing how sportsbetting works.

What you just mentioned, as I presume was already mentioned by a couple blokes in here, is not only situated and isolated with football, that is how the whole enterprise of sportsbetting works. You put your faith in your favorite team, hope for the best, and either profit or lose in the process. Sure there are bookies but all they really do is to be the commonplace where bets and pays are situated, they don't hold any form of control over the match or the game and are just there to take bets and pay winners. Bookies being able to tamper with the games as you put it is next to impossible, since most games that are being bet on are high-class title matches where lot of things besides money is at stake and thus fixing will not be possible.

Saint-loup

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Quote from: Z390 on April 16, 2023, 05:02:24 AM

Correct me if I am wrong

I am not a football fan and any form of prediction is still a gamble to me, but I have gamble on few different online casinos and I believe that gamblers on casinos gambles with the casino games, meaning it's between the gambler and the casino, but with football it is different, your bet is on the performance of a soccer team and the gambling platform will only win your money if your football team loses, right?

This makes it more cleaner to me, there will be no tampering of the system or fine tunning their games to make gamblers loses more than they win.

Can anyone confirm if this is right? Or wrong.

Yes the bookmaker will only win your money if you lose because if you win he will have to pay you with its money but I don't understand why you think it's different at gambling games. You will only earn money if you win at those games, not if you lose. But you're wrong if you think they can't tamper the system or fine tunning their games to make gamblers lose more than they win, they just need to offer payouts lower to what it should be if there was no commission. For example if they think a team has half chances to win, they will offer to pay you 0.9:1 for a bet on this team instead of 1:1 like for a common gambling game.

Finestream

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Quote from: Jawhead999 on April 16, 2023, 08:07:55 AM

There's a house edge that you don't know inside sports betting.

In short if there are 10 gamblers bet each $100 in a match, the casino has $1,000 as the pool, but odds designed they will only pay $950, the another $50 are their profit. The odds will not be 2.00x and 2.00x, but it's always 1.95x and 1.95x, as simple as that.

That’s how business works. The reason why when one bets and make profits, he will not get the total profits since the casino itself will already deduct the percentage that is intended for it in the first place. So regardless if the players make consistent profits, knowing there’s still the house edge, the house will still have the win-win scenario over the players. That’s why casinos would never fall easily into bankruptcy.

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Quote from: bitbollo on April 19, 2023, 10:48:51 AM

There are also bookmakers that are offering Exchange bets. In this case they take a slightly percentage from winning bets, no matters what happens.
Its an arbitrage for the bookmakers but they dont care of you win too much since they Will take Money only from winners. But... If you win too much they are asking a big chunk from your win (if you know exchange bets...you know very well about the site I am talking ..)
Even if they have extremely high fees, people are still betting there!

Profitable sport bettors are banned or limited from every single casino they use and even if casinos have become incredibly popular lately there is still a limited number of them, so sport bettors still need a place where to make their bets, and those betting exchanges are the answer, even if the fees are high the only thing a sport bettor needs to do to remain profitable is to up their game, and since they are now competing against a bunch of newbies out there instead of competing against casinos, this may not be as hard for them as it could seem at first glance.

rahmad2nd

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Quote from: Z390 on April 16, 2023, 05:02:24 AM

Correct me if I am wrong

I am not a football fan and any form of prediction is still a gamble to me, but I have gamble on few different online casinos and I believe that gamblers on casinos gambles with the casino games, meaning it's between the gambler and the casino, but with football it is different, your bet is on the performance of a soccer team and the gambling platform will only win your money if your football team loses, right?

This makes it more cleaner to me, there will be no tampering of the system or fine tunning their games to make gamblers loses more than they win.

Can anyone confirm if this is right? Or wrong.

For sure, both have different uniqueness. whether it's casino games or sportsbook and one of them is football. if we talk about which one is fairer, then the answers are very diverse. all gamblers, have their respective hobbies and are no exception.

From the point of view of casino games, all types of games have been designed in such a way and only a few gamblers are lucky to win the betting session. but when luck is on your side, the prizes you get can be fantastic, or we often say win the jackpot. on the football betting side, you will be offered a different game. all you need to do is, choose a team that you will support. Or, you can choose another available option.

However, do not assume that it is easy. because everything has a risk. and for sure, the house doesn't want to lose to the gambler. that is why, there are odds in football betting and they all vary depending on the teams competing. well, the difference is, in sportsbook betting you need good insight, expertise, and analytical foresight. For casino games, you only need luck. in essence, just the same, the chance of losing is always a risk for gamblers.

bitbollo

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There are also bookmakers that are offering Exchange bets. In this case they take a slightly percentage from winning bets, no matters what happens.
Its an arbitrage for the bookmakers but they dont care of you win too much since they Will take Money only from winners. But... If you win too much they are asking a big chunk from your win (if you know exchange bets...you know very well about the site I am talking ..)
Even if they have extremely high fees, people are still betting there!

Yatsan

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Likewise with any gambling game, it would always be between the gambler and the site/casino. The games are just tools to determine which would be victorious whether it is you orthe platform, and this is applicable to sportsbetting itself. A more practical example is; if your bet won, would it be loss to the team aside from their standing on the game itself? It would be other players or the site itself who would pay for your winnings. Also, this is not limited to football alone, or sports betting in general, this speaks to majority of the gambling games except for those which are peer to peer arranged 'coz as its name suggests, outcome will be between the players who bet;one would win, the other one loses. This is just how things work in this industry, no need to be upset or confused.

tazmantasik

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There are not any specific with football or soccer only but also for all sport betting every one will bet for the team have better perform by looking current standing in football or NBA and last games result. But not all running well due has quit well performance with any football team some time unpredictable with team has good performance loss in the match. Likely with football betting have excited offering on multiple betting or we bet on several matches then get higher odd or profit return if our betting is right and win. Choose with top perform team have little odds and you will not interested if you can see with sport or soccer betting.

Oasisman

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Quote from: Z390 on April 16, 2023, 05:02:24 AM

but with football it is different, your bet is on the performance of a soccer team and the gambling platform will only win your money if your football team loses, right?

Yeah, but it's still depends in the odds, though if you bet on the winning team, but losses on the point spread - +, then your bet losses as well. If you just bet straight on the winning team, casinos don't usually put huge prizes on the favourite teams - so, it doesn't look like the casino losses anyway.
When you bet in the underdog, there will be a bigger prize but definitely a small chances of winning.

Fortify

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Quote from: Z390 on April 16, 2023, 05:02:24 AM

Correct me if I am wrong

I am not a football fan and any form of prediction is still a gamble to me, but I have gamble on few different online casinos and I believe that gamblers on casinos gambles with the casino games, meaning it's between the gambler and the casino, but with football it is different, your bet is on the performance of a soccer team and the gambling platform will only win your money if your football team loses, right?

This makes it more cleaner to me, there will be no tampering of the system or fine tunning their games to make gamblers loses more than they win.

Can anyone confirm if this is right? Or wrong.

Football does have many more binary - simple win or lose - bets than many other sports out there. You've got things like Double Chance, Both Teams to Score, Over / Under Bets, etc. However you should also be aware that the bookmakers bake a nice buffer amount into every bet, so if they calculate the win odds at 1.2, then they will be selling you the bet at 1.25 or 1.3, but it will stay competitive across the sportbooks - another way to look at it is their margin of error. They are very good at predicting bets over the long run, otherwise they would not stay in business for so long, but there is definitely more potential to earn money from these sort of bets because they do not have control of the end result like casino games.

darewaller

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Quote from: Strongkored on April 17, 2023, 05:28:37 AM

Quote from: Z390 on April 16, 2023, 05:02:24 AM

Correct me if I am wrong

I am not a football fan and any form of prediction is still a gamble to me, but I have gamble on few different online casinos and I believe that gamblers on casinos gambles with the casino games, meaning it's between the gambler and the casino, but with football it is different, your bet is on the performance of a soccer team and the gambling platform will only win your money if your football team loses, right?

That's the basic thing in sports betting including football, bookmakers are not involved in determining which team will get big or small odds because all that is available on their betting site is only what has been determined by the betting provider's service, the difference in odds between bookmakers may be because using a different service provider but the difference will not be significant because it is only under 0.1%.
However, people who like casino games will not care about the losses they suffer because they will have more fun playing casino games than sports betting, because each type of gambling has its own challenges that are difficult to compare because everything is only based on individual preferences.

Of course we casino players care about our losses even if it's only a small amount of money because it takes a long time and hard work only to earn it. I think the reason why we despair is because our aim to play is the profit but for those who just play for fun, they will not really worry about their losses. Sports betting is not played by us bettors but it does not mean that it wasn't enjoyable anymore.

It is still, because we can watch our favorite players in real-time. The fun factor can increase even more once we win our bets. The challenge in casino games is they are hard to win but the challenge in sports betting is that we are require to do an analysis if we want to possibly win. That can also act as a comparison.

ImThour

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You are correct and not only in Football, the above logic works well with Soccer as well /s.

It works on every sports betting platform and game, which is why they give such an odd percentage of reward to those who are likely to lose.
Let's take an example below to help you understand how casinos still make money on this transparent system.

Here you see two teams with 3 possible outcomes:
1. Arsenal wins
2. Southampton wins
3. Draw

Odds are:
1. 1.16 x your bet amount
2. 13 x your bet amount
3. 6.50 x your bet amount

You see the most appealing ones are those which are unlikely to happen. People will bet and lose their money while the casino has to pay just .16 for the correct bet.
Also, there is a house edge always and all these casinos make a huge amount of money which is why they find people with huge followings to post about them on social media or advertise with them.

ralle14

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Quote from: Strongkored on April 17, 2023, 05:28:37 AM

That's the basic thing in sports betting including football, bookmakers are not involved in determining which team will get big or small odds because all that is available on their betting site is only what has been determined by the betting provider's service, the difference in odds between bookmakers may be because using a different service provider but the difference will not be significant because it is only under 0.1%.

I have to disagree with this it's not all about the odds provider, the sportsbooks can still adjust the odds significantly and the difference can be more than 1%, one example would be by comparing the odds between Stake and Sportsbet they both are using the same odds provider but you'll notice that one of the two would offer better odds on the BTTS market. This can also happen when comparing odds between different providers that's why others would go the extra mile and shop for the best odds before placing their bet.

Topic: About football betting - page 6. (Read 1000 times)