Between Betting Exchanges and Sportsbooks Which has a Profit Potential? - page 2.

alani123

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I avoid the so called decentralized markets because they're so easy to manipulate. The ones settling the market often collude with the punters to bring them the best results, so for me it's not something worth exploring.

I had made a thread with an example about this:
https://bitcointalksearch.org/topic/m.63447683

UMA, one of the most prominent decentralized gambling markets, had closed a market with an outcome decided upon that was very antithetical to reality. So in spite of the interesting choices, I'd still prefer a trusted centralized bookie settling the market results, even if they were having a bigger edge. Settling the markets based on real outcomes other than opinions is a very basic matter for such gambling games.

Odohu

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Quote from: Cantsay on March 22, 2024, 04:13:40 PM

Quote from: Alphakilo on March 22, 2024, 03:25:02 PM

How does betting exchange work exactly? I learned that it is different from a sports book. I have looked through the gambling board I am yet to see anything like that.

I have read about it but I've never been involved in it personally, so there's not so much that I know about it aside from what I have read.

You can go through this link to know more about it and probably get the answer that you wish to know: https://www.telegraph.co.uk/betting/sports-guides/betting-exchanges/

Thanks for sharing this article as I have also come to learn a lot about betting exchanges. Indeed betting exchanges are the traditional gambling that I grew up knowing; I never knew it has now been integrated into online platforms. To be sincere, I do not like the concept for the fact that I will be playing against my fellow gambler and the progress of one person means the downfall of a fellow gambler. Like I said before, this pattern existed in the past and I hated it completely because most of those who indulged in it then were the poorest and destitute which make me see it as an activity of one poor person trying to steal from another poor person. As at then, each time I see two people gambling using that pattern, the first thing that I do is to run a mental check on what could be the net worth of the gambler and how much I could possibly win from him. The moment I asked myself this question, it further make me hate the entire concept. Gambling should be something that should change my life and not some hobby that will not make any serious positive impact in my life.

Cantsay

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Quote from: Alphakilo on March 22, 2024, 03:25:02 PM

How does betting exchange work exactly? I learned that it is different from a sports book. I have looked through the gambling board I am yet to see anything like that.

I have read about it but I've never been involved in it personally, so there's not so much that I know about it aside from what I have read.

You can go through this link to know more about it and probably get the answer that you wish to know: https://www.telegraph.co.uk/betting/sports-guides/betting-exchanges/

Quote

Between a betting exchange and a sportsbook, which of them guarantees that I will make a higher profit after a stake of no more than 3% of my bank which is my maximum risk?

In terms of odds, betting exchange would be a better choice than sportsbook.

Alphakilo

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How does betting exchange work exactly? I learned that it is different from a sports book. I have looked through the gambling board I am yet to see anything like that. Between a betting exchange and a sportsbook, which of them guarantees that I will make a higher profit after a stake of no more than 3% of my bank which is my maximum risk?

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