Topic: An analogy in gambling. - page 5. (Read 959 times)

Why are you resurrecting threads? Lol. I was just surprised that this topic is quite old but Has few replies.

---

There are many things to consider when talking about gambling. What are the stakes? What is your perception of luck? What is your strategy? What game are you going to play?

I believe the important thing you need to understand is how much you are willing to lose in gambling because that’s what you should tolerate for yourself and not go overboard with your limit. You need to know if you are going to do high stakes or low stakes. Are you feeling lucky now? Do you have a strategy to get a higher chance of winning? Are you an expert on the game?

Manage risks, everyone.

Of course I also agree with your opinion that it certainly requires a strong mentality to be involved in betting with a small chance of winning, not everyone can get through stressful situations, but I think it's actually a mentality that is not too difficult for a gambler to have even if you are involved in betting with a very small chance of winning if from the start you have good responsibility for whatever results come out of the game you play. On the other hand I can't say that luck doesn't help a gambler at all but I also understand that analysis and skill are needed, and it might be right to say that luck and skill are two things that are combined to produce victory, because on the other hand luck is an aspect that ensures a gambler's victory.

If your friend always wins betting on a very low chance of winning, then it is still part of a high mentality or courage. Because of course, betting with a low chance of winning requires a strong mentality,  because if you only rely on luck you will not get good results in such a betting method. So yes, analysis, experience, skills and also a strong mentality will be the main factors that you must have if you want to do this method. But still, I'm sure no one can do big wins in the same way from time to time, because in gambling ofcourse you are also required to be more creative in applying the betting method you use.

In sports, bookmakers provide various options for bettors. but most of us, choose the lower odds option. for example, with odds @1.5 and below. historically, bookmakers have arranged in such a way that the odds presented are commensurate with the teams that will compete. the lowest odds, usually the team that is more favored. theoretically, a strong team has a greater chance of winning the match compared to a team that is below it. simply, with just one goal we have won. different from odds that offer high odds, of course the risk is much greater than the low ones. there are various factors, it could be because the team we choose is not a favorite team so the odds are quite high. or, we choose other betting options such as Under / Over or handicap options. well, let's say you tend to win with a betting slip with the lowest average odds. however, the lowest odds do not always make money or win. for example, team A is a strong team, while team B is a team in the relegation zone. theoretically team A has a high probability of winning the match, unfortunately sometimes the match ends in a draw or team A loses. if you win in 3 bets with low odds, and once you lose still with the same pattern or strategy. your loss remains the same, because the amount of bets you spend is not equal to the winnings. sports are a bit unique, complicated and fun, you may have your own methods and strategies. most importantly, be prepared for the risks. btw, I don't like low odds. that's why, single bets are my choice rather than parlays. only bets depend on the teams competing, can be handicaps, or total Asia or even others.

Just because you don't succeed at something doesn't mean your neighbor won't! Have you ever heard of professional bettors who earn their living only by betting? I'll tell you a secret - they still exist and by the way they are experiencing very big difficulties due to the fact that many bookmakers wage an unspoken war against them as they lose part of their profits on the payment of winnings to these guys.

Thank you for clarifying this. We confuse casinos and sportsbookies a lot. When I first read the OP and saw casino and odds in the same sentence, I knew something was wrong because to the best of my knowledge there is no relationship between odds and casinos. Rather we talk about bets, RTP and others rather than odds.

I think those big odds are how the bookies make their money. I see it as a trap set those those sports bettors who are less experienced or greedy or both.

Is there a history of bookmakers losing money? It seems like it will never happen because the system provided provides a percentage for the bookie to get what is due. But gamblers don't care as long as they can win from the amount they spent at the time, not from all the total money they bet. So in gambling the advice is to never chase losses, lamenting past losses will not make it back but try to restart betting from scratch as if you were gambling for the first time. Because then we are much more free from pressure when gambling.

The bookmakers will takes the profit from what they serves to their gamblers. They don't have to do many things and only wait until the bet is finish and get their portion.
If gamblers still push themselves to keep gambling without take a break, they will still difficult to win. That is why we must gambling moderately to avoid the lose.
We don't know how they run their business but for clearly, they are takes the profit from the lose gamblers. If you can control your losses, that will be better because you don't have to suffer because of your losses.

That’s the wrong mindset, thinking we can beat the bookmakers. They’re just there to host the betting and take their cut from the winners, simple as that. They don’t stress about which side the bets are on, because they have systems from odds providers to balance things out, making sure they end up profitable at the end of the day.

The bookmaker business like all gambling is a zero sum game so all their odds are distributed in such a way that they cannot lose more money than will be bet. In addition, the system is set up in such a way that the bookmaker takes a margin from each bet which can also go to cover bettor winnings. You can beat the bookmaker, but most bettors will still lose. And of course there is no escape from limits for too lucky bettors.

But there is another side to sports betting, for example, I know of cases where people have only an imaginary idea that they understand sports, but in fact they understand little, but do not realize it. In addition, many former athletes fall for this because they think that they understand sports and know all its subtleties. Recently, I even watched an interview in which a former athlete said that he thought he had an advantage, but realized that it was an illusion too late, when he lost all his money and was left in debt to friends. The only good thing in this story is that they talk about them and are not afraid to admit it, because this can save those who have not yet started betting, thinking that they are super experts in sports betting.

I think it's just poison in our own minds, just propaganda and everything has its own risks, both high and low, we are just looking for luck and if possible also looking for profit, and everyone also has different choices.

I believe it depends on individual interests whether a person would like sports betting or gambling more. I have seen a lot of people having absolutely zero interest in casino games whereas some would say sports betting isn't their thing. If we talk about profitability though, there is no match for sports betting because casino games are mostly based on luck and you can't use skills or anything in them to maximize your wins but in sports betting, your knowledge and experience about sports come in handy.

Most people when they gamble for fun tend to choose gambling games over sports betting because the results are instant. If you have $10 and you want to play a few games, you can choose your favourite slot and spend it away, if you become lucky, you might win something from it, otherwise, it's all gone. The most important thing is that you should know the money you are using is what you can afford to lose.

Don't you think most of the sportsbook do have a kind of reserved funds in their balance maybe when there are higher winning rate in the site with same game or same matches, and how do we calculates the total numbers of person's to win in the casino/gambling site per day or week and month. This mostly happens to newly start up site and is either they set limit of the total amount to bet or they set limits on total amount you can be able to withdraw from their site, if they noticed that users are declining they would removed the limits and implements strict kyc that could be more difficult for gamblers to make withdraw in other to maintain the range at which one will withdraw from their site.

If that is about speculation, we can not guarantee to win because we can only predict the games. If we use higher bankroll but we don't know for sure who will win, that is only risk our money without we know if we can win or lose. We should know that the higher the multiplier, we still difficult to win but the chance we lose big will be wide open. That is what we need to know so we will not risk too big money that we can because when we lose, that will makes us regret.

However, there is an old saying, "if you don't play, you won't win", so I, although not very often, but place bets on sports events and I find it much more interesting than spinning the spins, although there are definitely those players who will object that sports betting is absolutely not interesting. I even developed a new interest, I began to be too selective in betting, I study each match before betting on several of them so that in case of winning, I can multiply the profit, but we must not forget that a draw can ruin everything for us. Therefore, I begin to be overcome by fear if I have the last match left, but I need to learn not to experience these emotions and I am working on it.

The set of gamblers, you know, that keep betting on low odds, probably have cracked their own code and made up their mind, they will just go for low odds than staking high that has high risk of losing. Because casinos are profit oriented and imagine if a high stake that has high rewards has a high chance of winning, they will be on the losing end, because people will be winning more than losing.

So those high stakes are there to lure gamblers to stake, and to profit casinos. If you want to give it a try, make sure you have enough budget, you can go ahead for the high stake, but stake the amount that you can lose without losing your mind. But if you are unsure, and you are not ready for such a risk, then stick to low-odds staking, because they have the potential that they will come through for you.

Since one plus one makes two, when you gather your little profit, you will see potential big wins right in front of you. So that's why those groups of gamblers, you know, just go for little odds than going for the high stake that they are unsure of, and have low chances of winning with high chances of losing money.

Like you said, it is not all the time but sometimes. If you have booked the right games whether small or big odds, the stake you have on it doesn't matter. It will always be successful and that is why you see some gamblers placing higher staking power on just one game that they believe will win  For example, if I check a football match on different prediction sites and I have the higher odd across all the sites on a team that is very much inform, I will take the risk with higher stake


This is not a magic neither does it happen by happenstance. Usually if you have a lower odd bet, you are likely to have a win however little because of the few numbers of the game on the bet but if you have been greedy to pack all games in the roll to bet because of greed then they are likely to fail you because of the reduced chances of winning. So this is how it works , gamblers understand that few games can give them more winning than having more games on the slip but it is that greed for chasing higher odds that is the debacle.

it's obvious they are just trying to do what's some sort of a reverse gambling where you try to go against certain ideal outcome with the hope that things might just play out that way. Chances are that you might get lucky which I'm reality is very slim and that's the only thing they hold on to. How many times have they tried it and it worked well for them? I'm certain that if they do It 10 times that they will lose our at least 7 times. The ideal case that works normally is that the higher the multiplier, the more deficult it is to win the game. Note that bookmakers aren't setting odds just so gamblers can become more profitable than them. That you tried something a time and it worked for you at that particular instance doesn't make it a law or something you can start working with most expecially when it's something that's outside the usual norm.

Definitely not a coincidence, but there is something behind it. Not a sorcery either or any superstitious belief, because such thing as magic does not exist. That only lives in fairytales lol.
They could either be super lucky or someone is behind these winning tickets. I only have one thing for sure when someone hits a consistent huge winnings, they are either extremely lucky or someone is rigging it for them. Of course someone should make it look like they've got some antics that mostly works, but nah that's just for the show.