Topic: Advantage over the bookmaker. - page 3. (Read 1297 times)

Not sure what my advantage is compared to bookmaker, but what is certain is that every time I bet on a sport betting, sometimes I still get the profit of winning the bet even though I never count how much loss and profit I get.
Since the beginning of my acquaintance with sports gambling in online gambling, I have never compared the benefits I get compared to bookmaker. But all I think about is doing a little analysis and placing a bet, then watching the match.
Maybe that's all I get from gambling like the benefit of fun that bookmaker might not have.

Both of you are right. We playing gambling because of we want to fills our free time and not because of win the money. If we win, we should consider that is because of our luck so we don't have to chase more winning.

We can not deny that gambling is based on luck so we will difficult to win if we don't have luck. But this will not be understood by many gamblers and makes them still chasing their win money. The casino will takes the money than the gamblers so what we need to do is just use limit money to gambling.

The bookmakers have their advantage than the gamblers so we will only gives our money like that if we can not think to limit ourselves. That is why we should not think that gambling can give us the money because we don't have a big chance for that. But if any gamblers still want to try, they are free to try but they should accept the risk.

But in handicap betting, the 50/50 chance will be much easier for gamblers to win bets, but there is something much more profitable for gamblers, namely double chance, although this option sometimes gives very small odds or is even unavailable if the results have been seen in match.
There are many betting options that can make gamblers have good chance of winning, basically all of this will be based on how intelligent each gambler is to choose bets that can be utilized and increase the chances of winning.
Of course, things are different in game because we will never really be able to get success with the predetermined game algorithm, gamblers will always be in large percentage of defeat.

Bookmakers have found a system that no matter what the outcome of an event is, they will always get a bit of profit. So I don’t think you can fully outsmart them. However we can maximize our profits in a way. Bookmakers usually focus on big events and place odds based on public interest. By choosing much lesser known events, there is a possibility that the bookmakers might not be as knowledgeable in that event than the big ones.
That’s true and I believe it but at the same time you do not want to be just giving away your money so analysis is still important. If I am gonna bet, I am not gonna bet on my favorite team just because they are my favorite. There’s gotta be a reason.
Bookmakers may overcorrect when adjusting their lines. If you learn how to analyze better than bookmakers despite all biases you may have a slight advantage over them.

Odd makers have their own sets of modelling to predict who will be the favorite and who will be the underdog. And then the handicaps and the over and under. So for me we don't have any advantage from the bookmaker as they have all the tools as their disposal to list what will be the odds for a particular sports. So maybe we really don't like the odds specially ML and so we look for attracting and more appealing returns and that could be our advantage over them. Or better yet, we can even do live betting, and so we see how the game is unfolding and maybe the odds in the beginning might be different as the game progresses and so we take advantage of that.

Yeah, sports betting is a whole different game, and we really have to believe that with the right skills, we can make money from it,  maybe even turn it into a living. According to studies (this is the reality), a bettor needs to win 52.4% of the time just to beat the vig and break even.

So, what that means is out of 100 bets, you need to win 54 to be profitable. The amount of profit still depends on your bankroll and what your max bet is, considering the common advice of only betting what you can afford to lose. Just imagine if you hit a 60% win rate over a season, like in the NBA, you’d be making solid profit...as long as you’re not chasing losses and you stick to proper bankroll management.

The key is hitting that 54%, and you’ll be in the profit zone. That’s where the advantage lies!

Well, that is true if you are talking about casino games only but when it comes to sports and some casino games like poker, for instance, a huge part of it comes from analysis and skill. Imagine betting for a team without even having any knowledge about them, you are just relying on luck by doing that but those who have some insights about the game and that team will use some spreads or other options to increase their chance of winning.

Sure, we are not smarter than the bookies but many options are being given and we can take advantage of those. As I said, there are spreads as our way to predict on how the results could end up. The team we are betting for might lose but what if we use +10 or maybe better than that and the game ends like we predicted which is a close game? We might win, right?

You are absolutely right that gambling is based on luck instead of skills as well as experience. But sportsbooks need skills as well as experience and also need to analyse the previous result, present, and then think about the result of running or forthcoming.

It is possible but not easy, one of the biggest advantages players have over the bookmaker is that the bookmaker has to make money regardless of the actual outcome of a match, so if in a single match there are a lot of gamblers that are betting on a team, the bookmaker has to offer better odds to the other team in order to create an incentive for gamblers to take the other side, and if you can find those matches in which the odds became quite attractive, then you could turn a small profit this way.

We can't have an advantage over the bookmakers unless we're related to a sport athletes but they won't want to spoil their career by involving in your little scam of asking them to do things for you to win your bets. Some athletes have been caught aiding betting and it has caused them their career. You don't need to have an advantage over the bookmarker to win. Every information that they have is also available to you hence with doing some findings on the teams involved in the match and depending on your luck, you can pick the winning teams and exact scoreline depending on how you are playing the bets. Bookmarkters that have inside information on match fixing are also putting their business at a risk because when they're caught, it's certain that they are going to be exposed and their licence get revoked. Hence they too are careful of no foul play.

It is difficult to make a winning beyond the bookmaker in sports betting, although sometimes this is possible. In such cases, to come into the bookmaker's view, one must predict either differently or more precisely than what the odds are able to show on a regular basis. Much research is needed for this to happen, with great detail, statistical analysis, and sometimes even painstaking modeling. Generally speaking, all bettors can benefit from in-depth research, strategic timing of bets, and specialization in a particular sport or tournament in which they have exceptional expertise. While many gamblers are casual, a serious and strategizing gambler can find opportunities for profits. Overall, though bookmakers are hard to beat, with dedication and knowledge of the game, skilled and disciplined bettors have the chance to win.


Yes that is right your mind teaches you a very important fact that gambling deals with two things, namely unpredictability and its central role in luck. Whereas in research and skills, more cognizance of a gambler is developed to further enhance decision-making skills, yet the basis for satisfaction tends to be very unreliable and mostly limited. On the other hand, there is no guarantee that even if you develop a deep knowledge of a sport or game, you will always beat the gambler. There is always some kind of risk to lose, and to make gambling some reliable source of revenues is very hazardous. The game should be approached with the understanding that at any skill and technology, passion is above all, and to lose means almost to win.

The term you're looking for is "edge", and yes I found an edge a long time ago. Made millions of dollars in profit. But unfortunately bookies don't like long term winners, so I have been blacklisted from every site. Sure I can sign up for new accounts, but those will quickly get banned as well.

The most difficult part is not placing the bets, it is finding bookies that will accept my action. 99% of bettors will never know this feeling.

That's a valid point too Each decides for themselves how far they want to go into their hobby, however, in this case, luck and responsibility for yourself and your funds to spend are the main things going forward.

The bookmaker doesn't bet on a winner, that their advantage,
It publishes odds and adjusts them based on the money inflow and other algorithms, to gain this advantage you say you will need to always find the games where the bookie is giving odds that are far from the actual outcome and try to exploit it, but it's even harder than predicting the actual result of the game.


Sports bets are not 50/50 at all unless we talk about handicaps, a 50/50 chance is more like the exception rather than the rule, also we;re talking about sports, these are not determinist bets.


What stops gamblers from coming together and doing the same thing as bookies do?
It's the same thing, it's all humans using algorithms to try to get the perfect numbers that would fit right in the middle, not offering odds that would ruin them and not offering odds that would deter people from making a bet, everything can be replicated and you can see that by looking how different bookmakers have different odds.

Yes and another fact is if gambling is to give more wins to gamblers then surely no casino would be able to survive until now, and we can see that new casinos are popping up more and more, meaning this is indeed a business that is really profitable in the long run regardless of any bet.
I agree with your opinion that no matter how good we are at sports, there are still many things that can make us lose, ignorance of what will happen in the future is the main reason, so as I said before that knowledge is nothing more than a tool.
This means that whatever bet you make and no matter how much knowledge you have about a game, in the end, defeat will always be a real possibility, and this is why making gambling as entertainment will always be recommended.

Luck is one of the things that is needed as gambler for us to keep winning. Normally gambling is not supposed to be seen as an activity we need to always indulge ourselves in because it has some certainly risk that could effect us in a long run. Gambling is for people that have the understanding about how to gamble and the right time to leave gambling. We can always make a lot of money from gambling if we know how to bet and what strategy is best for us to keep betting for more profits. It is very difficult for one to win the house which can be possibly is one know the tricks that can be used to play games and have a huge winnings especially when their is loopholes somewhere.

Do remember, in the long run, bookies have the advantage as they won't have their business if the bettors will win over them. Even if the bettor is very familiar with the sports, we can't guarantee that every bet is correct. There are still factors that we can say, we are not in total control. So sportsbetting can't give a guarantee of winning just because you know the sports well but luck also plays a role in this game. Also, do note about the house edge that the house will always have. They have certain edges over the bettors. And this is why they can survive in this lucrative business. If they are losing, definitely, they will shut down their doors.

No doubt people are going to glaze over trivial stuff like this, and I'm not saying they're wrong, but do you really have to through all this over a win? Are you really that competitive over something you don't even have an agency over, given that most games are 50/50 anyway, and those that are not are already deterministic so you don't even need to "one up the bookmaker" or whatever you're trying to imply here.

I keep saying that people shouldn't make gambling something bigger than it is, cause that's when problems start to arrive, and this is no different. You have people here making gambling a bigger deal than what it is supposed to be and where does that lead them? To more problems. If you're thinking this is nothing and is just a trivial matter then by all means, let yourself be addicted to it however you want. But don't say we didn't warn you lol.

Gambling is more about luck than analysis or skills. Being so unpredictable a means and trying to base it on the same to get a steady income is high risk. We can be very doomed but there is no assurance that we will win more frequently compared to losing. Just because a person knows much regarding a specific sport or game, does not mean they can beat the bookie.

Betting dealers surround themselves with a panel of experts who carefully evaluate different dimensions of the issue before setting the odds. They have complete information and sophisticated technology due to which their forecast is correct. The dealers, therefore, always retain the advantage here; gamblers find it almost impossible to beat them on a consistent basis. One would thus be well advised to regard gambling as a form of entertainment rather than a means to an end. This helps reduce pressure and disappointment, and keep gambling experiences fun.

In general, the idea of ​​being smarter than the bookmaker is equivalent to the idea of ​​being stronger than the current world champion in anything (or even several champions, since the odds providers are entire organizations).
But sometimes, opportunities arise to earn crumbs where the bookmaker earns big - for example, in games where the cashflow (which bookmakers take into account) does not correspond to the theoretical odds of the teams.
Besides, in my opinion, the bettor's advantage over the bookmaker is that the bettor is not obliged to place a bet, while the bookmaker is forced to always list the odds (in fact, he is obliged to accept the bet at any time). This gives a variety of opportunities for the bettor.