Do you rely on the odds when placing bets? - page 16.

bitterguy28

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Quote from: chaser15 on December 21, 2020, 05:23:45 PM

Quote from: freedomgo on December 21, 2020, 05:55:43 AM

...the decision is what matters here and your aim is to win regardless of what odds you'll be taking.

I wonder how much you lose money right now because of that decision regardless of the odds.

No way I will just aim for the win for a 1.01 odds in return.

That was a suicidal bet even the chance of winning is high.

I think it is Given that the Higher the Odds is the one who will gather Bettors ,Maybe what He is implying is that We still Need to do our Homeworks and not just Looking for the given Odds.
Because at the end of the Day it is our Money that at stake and not from those Odds provider .

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Quote from: freedomgo on December 21, 2020, 05:55:43 AM

...the decision is what matters here and your aim is to win regardless of what odds you'll be taking.

I wonder how much you lose money right now because of that decision regardless of the odds.

No way I will just aim for the win for a 1.01 odds in return.

That was a suicidal bet even the chance of winning is high.

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Quote from: Janation on December 18, 2020, 11:24:37 PM

Quote from: Reatim on December 18, 2020, 10:12:15 PM

Quote from: Janation on December 18, 2020, 09:06:19 PM

The first time I heard about sports betting through my friends, that is when I thought like that.

What was thought to you by friends ? that the Odds are given a higher winnings ? that is really a Noob belief. as Odds is given as a certain High chance of winnings because of their capacity and past performance ,comparing to the other one.

They don't know I though of it like that.

While doing some researches on my thesis in the past I read an article about bookmakers cheating gamblers and got quite curious and that is when I knew it. I didn't tell that to my friends since they just continue doing my bets and they stopped doing that when they got a job. I think it is on how they talk about the odds the reason why I misunderstood those two. They are talking about Boston having a higher odds in the NBA finals in 2010, that is when I misunderstood that.

But you didn't find illogical to win more money by betting on the top dog and to win less by betting on the under dog ? Cheesy

As Reatim said that's really a noob belief Cheesy

In which format were the odds?

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Quote from: Japinat on December 21, 2020, 11:20:52 AM

Quote from: msarro on December 21, 2020, 09:47:43 AM

Relying on odds when placing bets? that could be really risky especially on a live game matches, before I was looking at the odds on live game but that's really risky in just a matter of seconds there will be a huge change on odds and that does mean it's either your bet will win or lose.

OP is not referring to live game matches, he is referring to pre game odds. As you can see in the OP, there's a comparison of odds but actually we should not be talking much about the odds since that how the market works. What we need to talk is on the vital information that would give us an advantage to properly pick who would likely win, whether we are in moneyline, totals or point spread betting.

Somehow that is what the odds will tell. It basically just will tell us who will likely to win but winnings are also not a lot.

It applies to all games. If we are to gamble we should know the odds of the game and most especially the odds are stacked in casino's favour.

bitterguy28

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Quote from: freedomgo on December 21, 2020, 05:55:43 AM

It's only attractive if you love sports and you know how to win, bettors may have different strategy but the most important is the main result, also, it doesn't matter if how long you are already gambling as what matters is your consistency on winning, meaning you win most of the time.

and actually Most of experienced gamblers or those Oldies are the One who has no control and plans each time they play.
gambling needs to have direction and not just Putting bet here,Losing one there .
There must be a Stop loss also like trading, because if you are not aware of those then expect that maturity will never come for those kind of gambler.

Quote from: freedomgo on December 21, 2020, 05:55:43 AM

Why do you make the betting odds a big deal, come on,

Because that's The Main topic mate, it's Clearly mentioned and imposed on the Title so the discussion will surely round about that.

And besides we can see that gamblers has their own views in things and only going single side as being a Bettor .

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Quote from: dimonstration on December 20, 2020, 11:51:22 AM

Quote from: Xinarae* on December 20, 2020, 04:28:58 AM

Without proper strategy it is not possible to verify the odds of betting. Whichever bet you choose will also affect how different types of entertainment can place bets. Some gambling activities just around, plus some offer activities. Also you will not have the ability to play any different games in which you will get some digital activity games. How many extra events you can bet on will depend on the book you joined. It is important to always keep an eye on the portfolio of entertainment and events that a game offers as a result.

While it is good to know the odds many just really prefer to bet by their instincts or hype of news that are circulating especially in sports gambling, but when it comes to other betting types we only choose to know how lucky we are without any analysis just a matter of trying our luck.

I will say that knowing your way around odds is critical if you want to have any kind of chance to become profitable as a sports bettor, you cannot simply make any
bets on instinct and think that you're going to make money that way, no one makes money in gambling in that way, if we move to another gambling game like poker you will see that those people are experts at calculating probabilities on the fly and if you want to have any chance of making profits while gambling you need to be able to do that as well when you make sports bets.

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Quote from: msarro on December 21, 2020, 09:47:43 AM

Relying on odds when placing bets? that could be really risky especially on a live game matches, before I was looking at the odds on live game but that's really risky in just a matter of seconds there will be a huge change on odds and that does mean it's either your bet will win or lose.

OP is not referring to live game matches, he is referring to pre game odds. As you can see in the OP, there's a comparison of odds but actually we should not be talking much about the odds since that how the market works. What we need to talk is on the vital information that would give us an advantage to properly pick who would likely win, whether we are in moneyline, totals or point spread betting.

msarro

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Relying on odds when placing bets? that could be really risky especially on a live game matches, before I was looking at the odds on live game but that's really risky in just a matter of seconds there will be a huge change on odds and that does mean it's either your bet will win or lose.

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Quote from: Alucard1 on December 21, 2020, 06:27:16 AM

The odds will help you decide who and what to bet if you don't know the team or the player in the sports, it matters to me because I am not that an active gambler, and the higher odds are the ones that I bet on, I think those who are high roller are those who don't follow the odds especially if they bet a lot of money and of course they should have the idea or knowledge about both teams. If you are a beginner in betting sports then go for the higher odds.

If you will bet on the higher betting odds, that means you are betting on the underdog.

For example, team A is 1.10 and team B is 2.50, team B is the higher odds, you will get a good amount of win if you are lucky but higher odds means your chances of winning is low, that if we only based on odds.

Actually, it should not be purely based on odds as there's a lot of factors to consider before placing your bet if you are not betting blindly.

Alucard1

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The odds will help you decide who and what to bet if you don't know the team or the player in the sports, it matters to me because I am not that an active gambler, and the higher odds are the ones that I bet on, I think those who are high roller are those who don't follow the odds especially if they bet a lot of money and of course they should have the idea or knowledge about both teams. If you are a beginner in betting sports then go for the higher odds.

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Quote from: ethereumhunter on December 21, 2020, 12:34:25 AM

Quote from: kramchers on December 20, 2020, 09:24:35 PM

Honestly, I never try yet to bet on sports most of the time I bet on casino, house in games this was usually I did every time I played in the gambling site platform. But I will try to follow your strategy, I just suddenly became curious about sports betting, although I heard a couple of years about sports bet anyway.

Before you follow his strategy, you need to learn the basics first, so you do not confuse following the strategy. Besides that, by learning many lessons, you will make your own strategy, which can help you win. Or you can modify his strategy if necessary because his strategy will not always work for others. Betting on sports is so attractive because you need to know how to select the right team.

It's only attractive if you love sports and you know how to win, bettors may have different strategy but the most important is the main result, also, it doesn't matter if how long you are already gambling as what matters is your consistency on winning, meaning you win most of the time.

Why do you make the betting odds a big deal, come on, it's just part of the process when selecting, the decision is what matters here and your aim is to win regardless of what odds you'll be taking.

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Quote from: kramchers on December 20, 2020, 09:24:35 PM

Honestly, I never try yet to bet on sports most of the time I bet on casino, house in games this was usually I did every time I played in the gambling site platform. But I will try to follow your strategy, I just suddenly became curious about sports betting, although I heard a couple of years about sports bet anyway.

Before you follow his strategy, you need to learn the basics first, so you do not confuse following the strategy. Besides that, by learning many lessons, you will make your own strategy, which can help you win. Or you can modify his strategy if necessary because his strategy will not always work for others. Betting on sports is so attractive because you need to know how to select the right team.

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Quote from: kryptqnick on December 13, 2020, 10:54:22 AM

I've recently created a discussion about the odds of various outcomes and the gaps between the likely winner and other options, but some replies raised another questions that I believe is worthy of being discussed. When placing bets on sports, I rely heavily on the odds, especially if someone has a very high probability of winning, like here:

I placed a small bet on this match on Sportsbet.io:

But of course when the odds are close to one another (2.5, 3.1 and similar), I try to rely on the history of matches between the teams and recent wins/losses of the teams.
What do you follow when you are betting on sports: is it the odds or your knowledge and experience? Or maybe you're one of those people who bet on the favorite team or perhaps follows a gut? Do odds even matter to you? If yes, how important are they for your final decision?

Honestly, I never try yet to bet on sports most of the time I bet on casino, house in games this was usually I did every time I played in the gambling site platform. But I will try to follow your strategy, I just suddenly became curious about sports betting, although I heard a couple of years about sports bet anyway.

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Quote from: peter0425 on December 20, 2020, 04:18:59 AM

Quote from: maydna on December 19, 2020, 11:19:19 PM

~snip~

Those are chill gamblers mate,who don't really matter to win but instead to enjoy.

Exactly. Some gamblers do in the gambling place because they don't want to think seriously about winning and losing. But not many gamblers can do that while the other gamblers are still trying hard to win.

Quote from: peter0425 on December 20, 2020, 04:18:59 AM

Quote from: maydna on December 19, 2020, 11:19:19 PM

~snip~

Losing is part of gambling actually a Big part and Winning is much lower in statistics , what you wanted to have is accept that reality or don't gamble at all.

It is not easy to accept that reality, especially if we are losing a lot of money because of our fault. People tend to blame the other if that is happening to them. It needs learning to have a big heart to accept whatever happens to him in the gambling games, although that is pain.

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Quote from: dimonstration on December 20, 2020, 11:51:22 AM

Quote from: Xinarae* on December 20, 2020, 04:28:58 AM

Without proper strategy it is not possible to verify the odds of betting. Whichever bet you choose will also affect how different types of entertainment can place bets. Some gambling activities just around, plus some offer activities. Also you will not have the ability to play any different games in which you will get some digital activity games. How many extra events you can bet on will depend on the book you joined. It is important to always keep an eye on the portfolio of entertainment and events that a game offers as a result.

While it is good to know the odds many just really prefer to bet by their instincts or hype of news that are circulating especially in sports gambling, but when it comes to other betting types we only choose to know how lucky we are without any analysis just a matter of trying our luck.

News are sometimes misleading the bettor, they tend to hype one team so people will bet on a certain team and that is the reason why most of us will lose because bookies also understand that. We sometimes bet blindly as long as we like the team and IMO this is not helpful as we are just betting based on what we feel.

dimonstration

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Quote from: Xinarae* on December 20, 2020, 04:28:58 AM

Without proper strategy it is not possible to verify the odds of betting. Whichever bet you choose will also affect how different types of entertainment can place bets. Some gambling activities just around, plus some offer activities. Also you will not have the ability to play any different games in which you will get some digital activity games. How many extra events you can bet on will depend on the book you joined. It is important to always keep an eye on the portfolio of entertainment and events that a game offers as a result.

While it is good to know the odds many just really prefer to bet by their instincts or hype of news that are circulating especially in sports gambling, but when it comes to other betting types we only choose to know how lucky we are without any analysis just a matter of trying our luck.

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Quote from: MWesterweele on December 20, 2020, 07:54:21 AM

Quote from: FontSeli on December 19, 2020, 01:40:37 PM

Quote from: Furious 7 on December 19, 2020, 05:44:03 AM

Quote from: FontSeli on December 19, 2020, 05:32:08 AM

_Snip-

-Snip-

Even we wanted to have an accurate analization on our sports betting to be able to place a bet with a secured profit that will generate but suddenly there is no such thing like this. Even the most prominent gamblers and technical analysts didn't completely make an accurate predictions on regarding this. But we do have our own gut feelings that i guess could be one of our reason to follow and of course the perks of placing a bet on our favorite teams.

Absolutely right! Not even you are good in terms of analysing the game.

Chances that failures still possible, there are games that being wrecked not even the smallest odd up to 1.01 do lose sometimes, but if you have the ability to cope up and focus, there's always opportunities to bounce back and continue to chasing for the win, odds affects your betting options as you do consider favorites and some underdogs.

ethereumhunter

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Quote from: Xinarae* on December 20, 2020, 04:28:58 AM

Without proper strategy it is not possible to verify the odds of betting. Whichever bet you choose will also affect how different types of entertainment can place bets. Some gambling activities just around, plus some offer activities. Also you will not have the ability to play any different games in which you will get some digital activity games. How many extra events you can bet on will depend on the book you joined. It is important to always keep an eye on the portfolio of entertainment and events that a game offers as a result.

Even if you have the right strategy, it does not mean you can win those games because it will be related to each team's odds. If one team has a bigger odds to win than the opponent team and do not know about that, that will be your way to losing the money. If you joined many bookmakers and use more money to bet, it will just add riskier to you.

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Quote from: FontSeli on December 19, 2020, 01:40:37 PM

Quote from: Furious 7 on December 19, 2020, 05:44:03 AM

Quote from: FontSeli on December 19, 2020, 05:32:08 AM

If it was so easy to make the right decision, then people would constantly win, which would make the bookmaker business unprofitable. Wink

It is because of all the difficulties with predicting the team that will win that the bookmaker business is booming. However, there are many people who have been betting on certain sports for a long period of time and their winning history will be very profitable.

We have to know the specifics of which team to bet on, usually we only rely on big teams to bet, but for other sports lovers, of course this will be a difficult bet to predict because inaccuracy will make bets disappear, so I think this is still a good opportunity. great as long as we know which team makes you move on this bet.
I am a football lover so I will continue to analyze in every match, of course it can also help you in making bets with its advantages, but I think this needs a bigger evaluation because bets are still unpredictable.

If we all analyzed every match we want to bet on, we would be much more accurate in our bets. Most people bet primarily on the favorites in the match and earn quite a bit because of the small odds. I can only analyze the matches of my favorite team from the Belarusian championship. I try not to bet on the rest of the matches.

Even we wanted to have an accurate analization on our sports betting to be able to place a bet with a secured profit that will generate but suddenly there is no such thing like this. Even the most prominent gamblers and technical analysts didn't completely make an accurate predictions on regarding this. But we do have our own gut feelings that i guess could be one of our reason to follow and of course the perks of placing a bet on our favorite teams.

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Without proper strategy it is not possible to verify the odds of betting. Whichever bet you choose will also affect how different types of entertainment can place bets. Some gambling activities just around, plus some offer activities. Also you will not have the ability to play any different games in which you will get some digital activity games. How many extra events you can bet on will depend on the book you joined. It is important to always keep an eye on the portfolio of entertainment and events that a game offers as a result.

Topic: Do you rely on the odds when placing bets? - page 16. (Read 12696 times)