Do you rely on the odds when placing bets? - page 12.

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I have a couple of friends that like to place sport bets just by watching odds!
most of times they don't know absolutely nothing about a team or a specific league but they continue to play in this manner.

I totally believe that because of convenience, not many people want to sit down and do homework to figure out the odds or weigh up every factor properly vs the near maths for various odds offered on varying outcomes, scores etc. Often the best bet I find is not the outright winner but a side bet that the crowd are passing over and is far better value in its likelyhood to pay off then just voting your favorite team to win it.
I can easily say any firm that wants to be successful in this space or even across the whole range of crypto sites needs to make itself as simple and convenient as possible, if people can get a 1 shot click bet to go ahead with their favourite sports then they'll more likely go with it. Its totally understandable because most people are distracted and occupied by more immediate concerns in real life and the up coming game is some time away so does not receive much attention and neither do their bets so people are often wrong for being rushed in their considerations of the game its pretty clear.

ene1980

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Quote from: pawanjain on December 28, 2020, 08:57:57 AM

Sometimes luck does play it's role and the team with good odds might lose ending up losing all your bets.

Luck does play a major role in our prediction, i have seen countless upsets in the past two months alone in different sports and more so it was evident in Soccer as there were many upsets and draws and that was the case in Tennis as well, the most lopsided odds that always win is in Table Tennis which will make you think whether those matches are fixed as the heavy underdog mostly wins.

When i make a bet, odds is a major factor and the understanding of the team always helps in picking what bet to place in a match.

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Quote from: toast on December 28, 2020, 12:44:32 PM

that's true when i started gambling i really thought lower odds has higher chance of winning but that's not the case you really need to study the game itself and the matches for a higher chance of success there's no assurance that odds will give you win.

Odds given are based on winning probability so it's obvious that lower odds have a higher chance to win "in general" based on some factors.

Of course, no assurance that low odds will always win.

It's just that, it's the result of how the sportsbook looks and analyzed a certain game so don't just look at that probability as sports is very tricky, and upset happens all the time.

24Kt

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Quote from: toast on December 28, 2020, 12:44:32 PM

Quote from: nikola22 on December 28, 2020, 11:54:45 AM

Quote from: bitbollo on December 28, 2020, 10:13:00 AM

I have a couple of friends that like to place sport bets just by watching odds!
most of times they don't know absolutely nothing about a team or a specific league but they continue to play in this manner. It's useless says they have always a negative balance and any winnings come just from "luck".
What is really curious to me, a lot of people in real life place bet in the same way...

many new gamblers rely on odds and even don't check the statistics. maybe they think that bookmaker is always right and small odds will guaratee a certain win. but we know that's not the truth.

that's true when i started gambling i really thought lower odds has higher chance of winning but that's not the case you really need to study the game itself and the matches for a higher chance of success there's no assurance that odds will give you win.

I think for some reason, the odds will give you a hint what's gonna happen. Now, it is on you how you will use that to your advantage. Not all times, the sportsbook is right with their odds. Just look at some boxing fights this year that had a different outcome of winner based from the odds. Also, with basketball, they don't know the outcome up until the game is over. But of course, they have their measures to identify which has the high chance of winning the game. And yes, somehow, you will get the idea about the sentiment of the community because of the odds.

toast

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Quote from: nikola22 on December 28, 2020, 11:54:45 AM

Quote from: bitbollo on December 28, 2020, 10:13:00 AM

I have a couple of friends that like to place sport bets just by watching odds!
most of times they don't know absolutely nothing about a team or a specific league but they continue to play in this manner. It's useless says they have always a negative balance and any winnings come just from "luck".
What is really curious to me, a lot of people in real life place bet in the same way...

many new gamblers rely on odds and even don't check the statistics. maybe they think that bookmaker is always right and small odds will guaratee a certain win. but we know that's not the truth.

that's true when i started gambling i really thought lower odds has higher chance of winning but that's not the case you really need to study the game itself and the matches for a higher chance of success there's no assurance that odds will give you win.

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Quote from: nikola22 on December 28, 2020, 11:54:45 AM

Quote from: bitbollo on December 28, 2020, 10:13:00 AM

I have a couple of friends that like to place sport bets just by watching odds!
most of times they don't know absolutely nothing about a team or a specific league but they continue to play in this manner. It's useless says they have always a negative balance and any winnings come just from "luck".
What is really curious to me, a lot of people in real life place bet in the same way...

many new gamblers rely on odds and even don't check the statistics. maybe they think that bookmaker is always right and small odds will guaratee a certain win. but we know that's not the truth.

It seems so, most likely this method only relies on luck without having to check the previous team's game statistics and this method has a very small chance of winning.
they are only betting for fun as opposed to skilled or frequent bettors who will do a good job of statistical analysis or some other way before selecting the team that has a chance of winning.

nikola22

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Quote from: bitbollo on December 28, 2020, 10:13:00 AM

I have a couple of friends that like to place sport bets just by watching odds!
most of times they don't know absolutely nothing about a team or a specific league but they continue to play in this manner. It's useless says they have always a negative balance and any winnings come just from "luck".
What is really curious to me, a lot of people in real life place bet in the same way...

many new gamblers rely on odds and even don't check the statistics. maybe they think that bookmaker is always right and small odds will guaratee a certain win. but we know that's not the truth.

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Quote from: Ziskinberg on December 28, 2020, 10:30:33 AM

Quote from: bitbollo on December 28, 2020, 10:13:00 AM

I have a couple of friends that like to place sport bets just by watching odds!
most of times they don't know absolutely nothing about a team or a specific league but they continue to play in this manner. It's useless says they have always a negative balance and any winnings come just from "luck".
What is really curious to me, a lot of people in real life place bet in the same way...

We have our own way of gambling, some are doing a very simple thing before they put their bet while some give an effort on analyzing the game, what matters is the outcome of the bet, if you are consistently winning even if you just have to look at the odds, then stick with it.

I don't want to judge gamblers in their way of predicting the outcome because I myself is not winning in sports.

Indeed, if you have a winning pattern it's better to keep enhancing it, there's no accurate strategy that will give you 100% of chance in winning, even you place you money in a low odd bet.

There's still chance of losing when you gamble your money. Some may see advantages with low odds especially those who understand how the game works and what are the possibilities that the one they pick will win the game.

No perfect spice but there's a good pattern if you build good strategy. Learn more about the game and focus.

Ziskinberg

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Quote from: bitbollo on December 28, 2020, 10:13:00 AM

I have a couple of friends that like to place sport bets just by watching odds!
most of times they don't know absolutely nothing about a team or a specific league but they continue to play in this manner. It's useless says they have always a negative balance and any winnings come just from "luck".
What is really curious to me, a lot of people in real life place bet in the same way...

We have our own way of gambling, some are doing a very simple thing before they put their bet while some give an effort on analyzing the game, what matters is the outcome of the bet, if you are consistently winning even if you just have to look at the odds, then stick with it.

I don't want to judge gamblers in their way of predicting the outcome because I myself is not winning in sports.

bitbollo

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I have a couple of friends that like to place sport bets just by watching odds!
most of times they don't know absolutely nothing about a team or a specific league but they continue to play in this manner. It's useless says they have always a negative balance and any winnings come just from "luck".
What is really curious to me, a lot of people in real life place bet in the same way...

Viscore

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Quote from: pawanjain on December 28, 2020, 08:57:57 AM

As far as sports betting is concerned one needs to understand the game completely. He must be involved with how the teams have played in the last few months and history of performance over the year which gives a good grasp on the team performance. By knowing this we can predict whether the odds are in the favor of the team or not.
If the odds are in the favor of the team then placing a bet on it is the obvious option unless we want to take risk on place bet on the other team with higher returns.

Everything you said is correct, it needs knowledge and turn that knowledge into skills so you'll achieve your main purpose in gambling.
if it's only for fun, you don't need to take it seriously, but if it's for money, then work for improvement, treat it like a job or business where you can't afford to lose but to be successful as a gambler.

Quote from: pawanjain on December 28, 2020, 08:57:57 AM

Sometimes luck does play it's role and the team with good odds might lose ending up losing all your bets.

A realistic gambler understands it, luck is not a major factor in gambling, it's the skills.

bitterguy28

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Quote from: stadus on December 28, 2020, 08:44:50 AM

Quote from: bitterguy28 on December 28, 2020, 08:40:34 AM

But as far as i understand ,it is KNOWLEDGE in game is what he implying ,to be familiar in GAME,TEAM/Players, from both parties is already a knowledge in the system.

and it is not basic instrument ,That is the Main Tool actually , Imagine if you Know what is their capacity ,weaknesses ,special skills and attitude in game ,you can use those Data's to make comparison and Preview the outcome.

This will also increase your chance of winning . remember in every sports expert opinion is very important.

We are talking of sports betting here, knowledge of the team is pretty basic requirement, and the most important is knowledge in sports betting because it doesn't mean that if you know the team or the team very well, you can already expect a success in sports betting, believe me, I've been trying to experiment to be consistent until now.

i don't remember mentioning a SUCCESS ,what i've said is "Increasing the Chance to win" ..

But Where Just sharing thoughts here ,to at least contribute to those who seeks for Ideas.

Having Yours is good but having all of us is Much better..

Thanks for the heads up..

pawanjain

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As far as sports betting is concerned one needs to understand the game completely. He must be involved with how the teams have played in the last few months and history of performance over the year which gives a good grasp on the team performance. By knowing this we can predict whether the odds are in the favor of the team or not.
If the odds are in the favor of the team then placing a bet on it is the obvious option unless we want to take risk on place bet on the other team with higher returns.
Sometimes luck does play it's role and the team with good odds might lose ending up losing all your bets.

stadus

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Quote from: bitterguy28 on December 28, 2020, 08:40:34 AM

Quote from: stadus on December 28, 2020, 07:23:08 AM

Quote from: carlisle1 on December 28, 2020, 05:31:40 AM

Quote from: ?? on ??

Quote from: carlisle1 on December 26, 2020, 03:31:59 AM

Just like majority of Us mate , because Odds are safe bets though Small wins most of the times than risking in your Instinct that mostly Give wrong implication.
and besides Majority of High Odds are the winners .
we cannot change that fact so if you are a real gamblers you must know that this will save your money if you wanted to gamble most of the time.
Small wins are enough than a total loser.

Yes , most of the time that I rely in odds are those who has a majority of it, and fortunately most of my bets wons, so I continue to use this strategy whenever I bet on sports betting it will help me to decide on which side we can bet, but we can do some research first for new team strategy, new roster and new things for the team, but it will depends on you, if you want to follow it or not, but for me it is applicable.

But Of course the safer way to gambling in sportsbetting is that We are familiar in the game,familiar In team members or Solo fighter ,and We are familiar with their opponents ,All of those factor Will give you another amount of advantage in Betting But like what i always say ,,No assurance of winning ,but above the average percentage of win.

For me I don't recognize it as safe, knowing the game or to be familiar with it before betting is just a basic requirement, if you do not follow that, you'll just lose many not now but in the long run. Knowledge is important and at the same time it's also important that you are enjoying the game and you can only do that if you are familiar of what you are watching.

But as far as i understand ,it is KNOWLEDGE in game is what he implying ,to be familiar in GAME,TEAM/Players, from both parties is already a knowledge in the system.

and it is not basic instrument ,That is the Main Tool actually , Imagine if you Know what is their capacity ,weaknesses ,special skills and attitude in game ,you can use those Data's to make comparison and Preview the outcome.

This will also increase your chance of winning . remember in every sports expert opinion is very important.

We are talking of sports betting here, knowledge of the team is pretty basic requirement, and the most important is knowledge in sports betting because it doesn't mean that if you know the team or the team very well, you can already expect a success in sports betting, believe me, I've been trying to experiment to be consistent until now.

bitterguy28

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Quote from: stadus on December 28, 2020, 07:23:08 AM

Quote from: carlisle1 on December 28, 2020, 05:31:40 AM

Quote from: ?? on ??

Quote from: carlisle1 on December 26, 2020, 03:31:59 AM

Just like majority of Us mate , because Odds are safe bets though Small wins most of the times than risking in your Instinct that mostly Give wrong implication.
and besides Majority of High Odds are the winners .
we cannot change that fact so if you are a real gamblers you must know that this will save your money if you wanted to gamble most of the time.
Small wins are enough than a total loser.

Yes , most of the time that I rely in odds are those who has a majority of it, and fortunately most of my bets wons, so I continue to use this strategy whenever I bet on sports betting it will help me to decide on which side we can bet, but we can do some research first for new team strategy, new roster and new things for the team, but it will depends on you, if you want to follow it or not, but for me it is applicable.

But Of course the safer way to gambling in sportsbetting is that We are familiar in the game,familiar In team members or Solo fighter ,and We are familiar with their opponents ,All of those factor Will give you another amount of advantage in Betting But like what i always say ,,No assurance of winning ,but above the average percentage of win.

For me I don't recognize it as safe, knowing the game or to be familiar with it before betting is just a basic requirement, if you do not follow that, you'll just lose many not now but in the long run. Knowledge is important and at the same time it's also important that you are enjoying the game and you can only do that if you are familiar of what you are watching.

But as far as i understand ,it is KNOWLEDGE in game is what he implying ,to be familiar in GAME,TEAM/Players, from both parties is already a knowledge in the system.

and it is not basic instrument ,That is the Main Tool actually , Imagine if you Know what is their capacity ,weaknesses ,special skills and attitude in game ,you can use those Data's to make comparison and Preview the outcome.

This will also increase your chance of winning . remember in every sports expert opinion is very important.

KTChampions

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Quote from: South Park on December 27, 2020, 01:38:49 PM

Quote from: KTChampions on December 24, 2020, 06:57:05 AM

No matter how much data you collect, you will not be able to compete in the accuracy of determining the odds with bookmakers - whole teams of professionals and even AI work for them. May be you able to understand some events better than them, but at a distance you will not be able to compete with them.

While that is true at the same time it is not as if they are infallible, one of the things that will never chance and that allow good sport bettors to have an edge is the fact that casinos have to adjust their books in their attempts to try to earn the same amount of money from both sides of the bets, this means that a match that could otherwise be perfectly matched in terms of odds needs to be changed and that is when a smart gambler can take full advantage of the odds.

You mean the situation when the bookmakers adjust their line because the "crowd" is betting too much on one of the outcomes? I've heard about it, but apparently it's a very rare situation. Once I analyzed one of the world football championships (throughout the entire tournament) and I can say that no matter how bad the team performed in the previous 2 matches in the group, the odds from bookmakers for the 3rd match practically did not change.

ice098

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Quote from: stadus on December 28, 2020, 07:23:08 AM

Quote from: carlisle1 on December 28, 2020, 05:31:40 AM

Quote from: ?? on ??

Quote from: carlisle1 on December 26, 2020, 03:31:59 AM

Just like majority of Us mate , because Odds are safe bets though Small wins most of the times than risking in your Instinct that mostly Give wrong implication.
and besides Majority of High Odds are the winners .
we cannot change that fact so if you are a real gamblers you must know that this will save your money if you wanted to gamble most of the time.
Small wins are enough than a total loser.

Yes , most of the time that I rely in odds are those who has a majority of it, and fortunately most of my bets wons, so I continue to use this strategy whenever I bet on sports betting it will help me to decide on which side we can bet, but we can do some research first for new team strategy, new roster and new things for the team, but it will depends on you, if you want to follow it or not, but for me it is applicable.

But Of course the safer way to gambling in sportsbetting is that We are familiar in the game,familiar In team members or Solo fighter ,and We are familiar with their opponents ,All of those factor Will give you another amount of advantage in Betting But like what i always say ,,No assurance of winning ,but above the average percentage of win.

For me I don't recognize it as safe, knowing the game or to be familiar with it before betting is just a basic requirement, if you do not follow that, you'll just lose many not now but in the long run. Knowledge is important and at the same time it's also important that you are enjoying the game and you can only do that if you are familiar of what you are watching.

But it has some sort of factors that can help us to figure out that kind of sports betting we are opt to join or invest with. This might be classified as the basic factor that everyone should first consider but at the same time those basic knowledge we have in these type of sports betting and at the same a learned skills and strategic plan will going to help us enjoy the game and will also help us make this game favour to our wants and will.

stadus

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Quote from: carlisle1 on December 28, 2020, 05:31:40 AM

Quote from: ?? on ??

Quote from: carlisle1 on December 26, 2020, 03:31:59 AM

Just like majority of Us mate , because Odds are safe bets though Small wins most of the times than risking in your Instinct that mostly Give wrong implication.
and besides Majority of High Odds are the winners .
we cannot change that fact so if you are a real gamblers you must know that this will save your money if you wanted to gamble most of the time.
Small wins are enough than a total loser.

Yes , most of the time that I rely in odds are those who has a majority of it, and fortunately most of my bets wons, so I continue to use this strategy whenever I bet on sports betting it will help me to decide on which side we can bet, but we can do some research first for new team strategy, new roster and new things for the team, but it will depends on you, if you want to follow it or not, but for me it is applicable.

But Of course the safer way to gambling in sportsbetting is that We are familiar in the game,familiar In team members or Solo fighter ,and We are familiar with their opponents ,All of those factor Will give you another amount of advantage in Betting But like what i always say ,,No assurance of winning ,but above the average percentage of win.

For me I don't recognize it as safe, knowing the game or to be familiar with it before betting is just a basic requirement, if you do not follow that, you'll just lose many not now but in the long run. Knowledge is important and at the same time it's also important that you are enjoying the game and you can only do that if you are familiar of what you are watching.

carlisle1

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Quote from: ?? on ??

Quote from: carlisle1 on December 26, 2020, 03:31:59 AM

Just like majority of Us mate , because Odds are safe bets though Small wins most of the times than risking in your Instinct that mostly Give wrong implication.
and besides Majority of High Odds are the winners .
we cannot change that fact so if you are a real gamblers you must know that this will save your money if you wanted to gamble most of the time.
Small wins are enough than a total loser.

Yes , most of the time that I rely in odds are those who has a majority of it, and fortunately most of my bets wons, so I continue to use this strategy whenever I bet on sports betting it will help me to decide on which side we can bet, but we can do some research first for new team strategy, new roster and new things for the team, but it will depends on you, if you want to follow it or not, but for me it is applicable.

But Of course the safer way to gambling in sportsbetting is that We are familiar in the game,familiar In team members or Solo fighter ,and We are familiar with their opponents ,All of those factor Will give you another amount of advantage in Betting But like what i always say ,,No assurance of winning ,but above the average percentage of win.

TGD

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Quote from: Japinat on December 28, 2020, 05:11:25 AM

Quote from: bitzizzix on December 26, 2020, 10:10:18 PM

Quote from: Japinat on December 26, 2020, 06:51:57 PM

Quote from: ufaiz50 on December 26, 2020, 01:21:55 PM

Then there is also a lot of difference whether you take a match that will start in a few hours, or if you have a match that is going / is live.
If a bet is already live, it is more difficult to compare because the odds can change very quickly.

It really depends on your preference, there are people who love to bet on live betting as they think they are getting some advantage on that, as they are watching the game live, they will see what is really happening in the game and that will give them a good idea on which team to bet or they will bet on the under or over.

Watching live betting the odds of winning will most likely occur as you will focus on watching the match and assessing the quality of the game in terms of the team or other weaknesses and strengths and that will make it easier to make choices.
But there's nothing people expect because things can turn things around when you are in last minute position, it's all just luck and if you watch live or not and do some analysis or whatever, that's no guarantee.
If you were a professional bettor you would think that everything you place on your bet won't win forever and won't lose forever as long as you try and bet, so using any method is not a guarantee because gambling is hard to predict.

Of course it does not guarantee a win, in the first place I didn't say it guarantees a win, but at least our chances of winning will increase because we are studying the game by watching it, compared to just betting based on what we feel, and that is blindly betting.

Yes, This is true that's why I usually bet during live game to fully assess the team that I bet especially on Basketball. Sometimes I'm confused why my favorite has low odds of winning even though there opponents is weaker than them. Then I just notice that one of there star player is out of the game due to some reason. After that, I always bet during live and always avoid pre-game bet since I'm not always updated on sports news.

The only problem about live betting is the pressure on betting since odds varies every second.

Topic: Do you rely on the odds when placing bets? - page 12. (Read 12696 times)