Topic: Do you rely on the odds when placing bets? (Read 12695 times)
For example, for me, the value of the coefficients is of great importance. I generally do not bet on odds less than 2.0.
That's surely an easy way to bet since most of the times the bet which has higher winning probability has more odds.
But personally I don't like this kind of bet since the risk to reward ratio is often bad in these kind of bets.
Bigger Odds have less rewards and the risk taken doesn't add up to the reward.
~snip
No you are wrong, the risk to reward ratio remains the same AFAIK, odds are lower BECAUSE the risk is lower too.But personally I don't like this kind of bet since the risk to reward ratio is often bad in these kind of bets.
Bigger Odds have less rewards and the risk taken doesn't add up to the reward.
~snip
The implied probability of winning is the inverse of the (decimal)odds. With 50% chances of winning you'll have a betting odds of 2.0 With 25% chances to win you'll get 4.0 So when winning chances double, the reward halves.
TEAM A -2.5 (1.90) vs TEAM B +2.5 (1.90).. so if you want a 2.00 for TEAM, maybe you need to drop the spread to +1.5 which lower your chance of winning as well.
Betting odds does not really tell exactly the winning chances, you can always increase the odds to get at least 2.00 so you'll just need to win 51% in overall for you to be profitable. Don't believe on that betting odds as bookmakers does not see the outcome of the game, odds are just created based on the opinion of the general public and most of the time they are wrong.
That's surely an easy way to bet since most of the times the bet which has higher winning probability has more odds.
But personally I don't like this kind of bet since the risk to reward ratio is often bad in these kind of bets.
Bigger Odds have less rewards and the risk taken doesn't add up to the reward.
~snip
No you are wrong, the risk to reward ratio remains the same AFAIK, odds are lower BECAUSE the risk is lower too.But personally I don't like this kind of bet since the risk to reward ratio is often bad in these kind of bets.
Bigger Odds have less rewards and the risk taken doesn't add up to the reward.
~snip
The implied probability of winning is the inverse of the (decimal)odds. With 50% chances of winning you'll have a betting odds of 2.0 With 25% chances to win you'll get 4.0 So when winning chances double, the reward halves.
You are right. I used the term "Risk to reward ratio" wrongly. My bad.
But what I meant was when the odds are high the rewards are low. The risk is lower too but when our luck goes against us we lose the whole amount on the bet.
This is where I don't like it since the reward was low yet I lost a bigger chunk of amount on the bet. And yeah this is bound to happen since it comes under the risk taking category.
That's surely an easy way to bet since most of the times the bet which has higher winning probability has more odds.
But personally I don't like this kind of bet since the risk to reward ratio is often bad in these kind of bets.
Bigger Odds have less rewards and the risk taken doesn't add up to the reward.
~snip
No you are wrong, the risk to reward ratio remains the same AFAIK, odds are lower BECAUSE the risk is lower too.But personally I don't like this kind of bet since the risk to reward ratio is often bad in these kind of bets.
Bigger Odds have less rewards and the risk taken doesn't add up to the reward.
~snip
The implied probability of winning is the inverse of the (decimal)odds. With 50% chances of winning you'll have a betting odds of 2.0 With 25% chances to win you'll get 4.0 So when winning chances double, the reward halves.
TEAM A -2.5 (1.90) vs TEAM B +2.5 (1.90).. so if you want a 2.00 for TEAM, maybe you need to drop the spread to +1.5 which lower your chance of winning as well.
Relying on odds in betting has become a major part it seems, because even though gamblers have made the analysis but if it's just low odds like 1.0x then I'm sure they will go and look for higher or better odds.
Many gamblers are like that. They won't bet if the odd is that low and they'll look for another match where they're still knowledgeable and if the choice based from their analysis has a higher odds, they'll go for it.Maybe some gamblers do that and because of that, relying on odds in betting somehow I realize they will still rely on odds, but that doesn't mean they are making random bets because at least it's a choice of something we analyzed earlier.
Random bets also happens when they want to. But just to be sure if they want to win, they'll go with the odds that seems to be good for them and with the help of analysis for that match, they'll cast their bets on.
That's surely an easy way to bet since most of the times the bet which has higher winning probability has more odds.
But personally I don't like this kind of bet since the risk to reward ratio is often bad in these kind of bets.
Bigger Odds have less rewards and the risk taken doesn't add up to the reward.
~snip
No you are wrong, the risk to reward ratio remains the same AFAIK, odds are lower BECAUSE the risk is lower too.But personally I don't like this kind of bet since the risk to reward ratio is often bad in these kind of bets.
Bigger Odds have less rewards and the risk taken doesn't add up to the reward.
~snip
The implied probability of winning is the inverse of the (decimal)odds. With 50% chances of winning you'll have a betting odds of 2.0 With 25% chances to win you'll get 4.0 So when winning chances double, the reward halves.
Relying on odds in betting has become a major part it seems, because even though gamblers have made the analysis but if it's just low odds like 1.0x then I'm sure they will go and look for higher or better odds. Maybe some gamblers do that and because of that, relying on odds in betting somehow I realize they will still rely on odds, but that doesn't mean they are making random bets because at least it's a choice of something we analyzed earlier.
It's a choice that comes up after analyzing the game. There are many strategy that gamblers use when choosing the games and the odds of any specific sports.
They'll sort it up and try to check valuebets that they can have, a lots of gamblers continue to chase for a much better odd considering the risk and he opporunities, if you are going to win small amount and you are risking huge value then finding alternative is much better, hndicap or any additional ways to bet instead of ML.
Its up to someone on which one he would choose to make use or would just decide on sticking with that single bet with low odds or profitability.I dont see anything worth if it does below 1.5x.
If there are other options given then that would be a good option to take and i can bare to take risk rather than on a 1.01.
Relying on odds in betting has become a major part it seems, because even though gamblers have made the analysis but if it's just low odds like 1.0x then I'm sure they will go and look for higher or better odds. Maybe some gamblers do that and because of that, relying on odds in betting somehow I realize they will still rely on odds, but that doesn't mean they are making random bets because at least it's a choice of something we analyzed earlier.
It's a choice that comes up after analyzing the game. There are many strategy that gamblers use when choosing the games and the odds of any specific sports.
They'll sort it up and try to check valuebets that they can have, a lots of gamblers continue to chase for a much better odd considering the risk and he opporunities, if you are going to win small amount and you are risking huge value then finding alternative is much better, hndicap or any additional ways to bet instead of ML.
Relying on odds in betting has become a major part it seems, because even though gamblers have made the analysis but if it's just low odds like 1.0x then I'm sure they will go and look for higher or better odds. Maybe some gamblers do that and because of that, relying on odds in betting somehow I realize they will still rely on odds, but that doesn't mean they are making random bets because at least it's a choice of something we analyzed earlier.
Relying on the odds provide with higher winning probability. During the early days of my gambling experience I used to spend on sports/matches which I don't have any idea about the performance. My odds selection will be completely based on the sites that provide with the winning probabilities. Following this I've made good profit following the same
That's a really helpful experience. Some of the new gamblers really rely on the odds specially when they do not know the players but still want to bet on different sports to try and experience it. I also did try this kind of betting style but it did not work for me because most of the matches that I have placed the bet on was somehow always played by a dark horse of the tournament which is why I transitioned into only betting on someone or a team that already showed their capabilities.
That's surely an easy way to bet since most of the times the bet which has higher winning probability has more odds.
But personally I don't like this kind of bet since the risk to reward ratio is often bad in these kind of bets.
Bigger Odds have less rewards and the risk taken doesn't add up to the reward. Though the probability of winning is high some times the luck goes against us.
I have tried it once or twice but don't prefer it more often.
They bet randomly and have that reasoning that it's just for fun and doing it for the sake of nothing.
For fun but doing it for the sake of nothing?
I don't understand, if we like to have fun in sports, we should know the sports we are betting in the first place.
I doesn't make sense to me and honestly I think that's a very stupid way of betting in sports, no one would enjoy that in the long run doing that style.
As for me, I fall in love with sports betting as I'm a sports fan in the first place.
That's the essence for nothing IMO.
Definitely, if the odds displayed is attractive then I will definitely consider betting on it but I can disregard the fact that that odds are put there because the team is doing badly, maybe checking if they have done any miracle comeback games then I guess that they can be considered, I also will consider the team that they are fighting against, are they a powerhouse in that league or are they an in-between because that can help with the odds.
Relying on the odds provide with higher winning probability. During the early days of my gambling experience I used to spend on sports/matches which I don't have any idea about the performance. My odds selection will be completely based on the sites that provide with the winning probabilities. Following this I've made good profit following the same
That's a really helpful experience. Some of the new gamblers really rely on the odds specially when they do not know the players but still want to bet on different sports to try and experience it. I also did try this kind of betting style but it did not work for me because most of the matches that I have placed the bet on was somehow always played by a dark horse of the tournament which is why I transitioned into only betting on someone or a team that already showed their capabilities.
They bet randomly and have that reasoning that it's just for fun and doing it for the sake of nothing.
For fun but doing it for the sake of nothing?
I don't understand, if we like to have fun in sports, we should know the sports we are betting in the first place.
I doesn't make sense to me and honestly I think that's a very stupid way of betting in sports, no one would enjoy that in the long run doing that style.
As for me, I fall in love with sports betting as I'm a sports fan in the first place.
I do it for fun but I do it for money, most of us are gambling because of money, it's not fun alone and we will never have fun if we are not winning, unless we have too much of money to waste which IMO would not give us a thrill. Sports betting is different from other type of gambling, most bettors here believe in themselves that they can win, that's why they bet on teams they know because they are confident of winning.
The very reason why there are more gamblers who are involve with this kind of gambling, most have the same mindsets.
Thinking that placing bets with their favorite due to their knowledge and understanding. Gamblers who manage to spend time finding the right
pieces to build a system that may work while gambling around.
It's not and assurance but with knowledge behind the game gives a gambler a much better opportunities to win.
They bet randomly and have that reasoning that it's just for fun and doing it for the sake of nothing.
For fun but doing it for the sake of nothing?
I don't understand, if we like to have fun in sports, we should know the sports we are betting in the first place.
I doesn't make sense to me and honestly I think that's a very stupid way of betting in sports, no one would enjoy that in the long run doing that style.
As for me, I fall in love with sports betting as I'm a sports fan in the first place.
I do it for fun but I do it for money, most of us are gambling because of money, it's not fun alone and we will never have fun if we are not winning, unless we have too much of money to waste which IMO would not give us a thrill. Sports betting is different from other type of gambling, most bettors here believe in themselves that they can win, that's why they bet on teams they know because they are confident of winning.
They bet randomly and have that reasoning that it's just for fun and doing it for the sake of nothing.
For fun but doing it for the sake of nothing?
I don't understand, if we like to have fun in sports, we should know the sports we are betting in the first place.
I doesn't make sense to me and honestly I think that's a very stupid way of betting in sports, no one would enjoy that in the long run doing that style.
As for me, I fall in love with sports betting as I'm a sports fan in the first place.
I think it's not fun to just bet randomly in sports, maybe in luck based games like roulette and dice. We choose to bet in sports because we believe we know the game and we know the teams, and therefore it will only be fun if we will try to put some effort on analyze the odds that bookies are giving before placing our bet. I'm sharing what I do, I'm sure most of us are doing the same.
Who knows if there are sports bettor that find it fun to just randomly bet in any sports. Those yolo mentally gamblers find it fun if they do that.
Specially when i am in losing streak ? i find it funny and enjoyable if i will bet randomly ( but for small amount only for Fun time)
if i remember it right , for couple of times i did this in sportsbet , betting in team that i really don't like lol.
They bet randomly and have that reasoning that it's just for fun and doing it for the sake of nothing.
Relying on the odds provide with higher winning probability. During the early days of my gambling experience I used to spend on sports/matches which I don't have any idea about the performance. My odds selection will be completely based on the sites that provide with the winning probabilities. Following this I've made good profit following the same
It's a little bit contradictory I think, why did you stop to follow this strategy if you were making good profits this way? Why trying something else when you can earn money so easily? The proper way if you are trying to make some good money, aside from luck obsering and analyzing the teams and players
adds up the chance of winning. though even you picked the favorite when luck is not beside you you'll still experienced the
defeats.
True, but with low bets, if you are interested in a single bet on a big team, it can actually be done if you are in doubt about the parlay. The winning chanche is bigger and if we lose the match there is still a chance in the next match. with a note using the martiangle strategy. This player analysis is key in the ball game and also the last 5 games in my opinionadds up the chance of winning. though even you picked the favorite when luck is not beside you you'll still experienced the
defeats.
I am doing a similar approach when I don't know much about the teams but still want to bey. In case we see attractive odds and want to cover our self's we can start out with small bets. The martingale strategy is long term wise that most profitable for me because we will always recover our losses once we win. The only problem is if our bankroll is too small and we get knocked out.
Relying on the odds provide with higher winning probability. During the early days of my gambling experience I used to spend on sports/matches which I don't have any idea about the performance. My odds selection will be completely based on the sites that provide with the winning probabilities. Following this I've made good profit following the same
Good for you if you able to earn decent profits just by following those odds.
Most of the time, bookmakers shuffle this and without knowledge about the game your winning chances is slim. Unlike with what happened to you where mostly you picked the right team or players even you don't have enough knowledge regarding to the performance just lying with what fate brings you.
Of course I took into account the odds besides the competing team. To anticipate a defeat with low odds, I usually analyze the players and also the standings or the last 5 matches. NBA and Ball, usually I am interested in joining them in the Parlay. But I also lost with low odds in table tennis matches that made me no longer interested in betting on the sport. We can usually observe the ball less than other sports competitions. especially if we bet a big team
The proper way if you are trying to make some good money, aside from luck obsering and analyzing the teams and players
adds up the chance of winning. though even you picked the favorite when luck is not beside you you'll still experienced the
defeats.
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