Do you rely on the odds when placing bets? - page 18.

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

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?

Not at all times, I rely on odds when I am uncertain about the matches, because odds are a general consensus of experts majority of bettors, sometimes they are reliable and sometimes they are not, it's good that you do your own analysis and check if the odds and your research shows the same winners.

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Quote from: Casdinyard on December 18, 2020, 10:55:08 AM

I don't think research would be the biggest factor to consider in gambling. Things do happen more often thru luck and factual basis won't really do that much especially if you are not lucky that day.

Maybe you are just a casual sports bettor so for you, research isn't a big factor in sports booking.

Research is a big factor. Why just rely on luck even we control the outcome. In sports betting, we are not just choosing the best odds but we are picking it based on our analysis and research.

That's why you can see bettors putting a decent stake even at @2.5 above because they know it's worth picking based on the research they did.

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Quote from: johhnyUA on December 18, 2020, 01:35:03 PM

It's not the best idea. Despite odds can be used in some kind as indicator, it would be to easy if team with lower odd would win for sure. Odds it's more about what main part of gamers think about this exact match. So for example, i've Often bet on teams with odds like 3-5 and win!

The odds are paying more for the weaker team for a reason... they cannot win. Then how do they fail to guess the outcome sometimes? That's what makes it "gambling".

Quote from: johhnyUA on December 18, 2020, 01:35:03 PM

Odds can't be the main indicator, this what i'm talking about.

They are not the main indicator but they give you a good first impression about the game.

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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?

The odds are really a good indicator on which a group of people will rely their money on. Its not just applicable to Sports Betting but I guess every betting situation with the odds reveal, those odds will pertain to groups of people who will be creating those bets but if you truly believe on the team that you are betting on despite seeing the odds, then that is the decision you will have to make yourself.

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

When placing bets on sports, I rely heavily on the odds, especially if someone has a very high probability of winning, like here:

It's not the best idea. Despite odds can be used in some kind as indicator, it would be to easy if team with lower odd would win for sure. Odds it's more about what main part of gamers think about this exact match. So for example, i've Often bet on teams with odds like 3-5 and win!

Odds can't be the main indicator, this what i'm talking about.

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Quote from: XZERO1 on December 18, 2020, 12:22:07 PM

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

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?

You should at least partly rely on odds, you simply can not know the full history of matches between all different teams and other factors that could affect the match result, and in my experience following odds could work out perfectly if you just combine it with your own knowledge of the teams that you bet on/bet against.

But if you rely too much on the odds and just start betting randomly by looking at the odds without having any clue about what you're betting on and the team themselves then that's not a very good strategy and it's going to fail you down the road sooner or later.

Indeed. Relying on odds is a big factor that would be unlikely for you to waste a considerable amount of money on sports betting. But you should also do a little research or check the game history of each team because relying too much on odds is not always favorable; that is why you should also know the capabilities between the two teams for you to have a clue where to bet.

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

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?

You should at least partly rely on odds, you simply can not know the full history of matches between all different teams and other factors that could affect the match result, and in my experience following odds could work out perfectly if you just combine it with your own knowledge of the teams that you bet on/bet against.

But if you rely too much on the odds and just start betting randomly by looking at the odds without having any clue about what you're betting on and the team themselves then that's not a very good strategy and it's going to fail you down the road sooner or later.

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Quote

Do you rely on the odds when placing bets?

Well yes, as this is a big factor to consider when placing bets, majority of the odds makes the right prediction so it really is effective in making a gamble especially on sports.

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Quote from: Casdinyard on December 18, 2020, 10:55:08 AM

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Quote from: Natalim on December 18, 2020, 06:53:57 AM

For me the research should come first and I only research my favorite game where I think I can see the value at the same time, odds that are displayed are nothing if you are not studying the game because you won't see which odds has the best value.

Indeed, I prefer to research first before everything else, for me to be sure if I can win in that certain game or not, if I am new to a game and not familiar in all of its environment I need to see others review first, and after that, that is the time that I will see the odds, but I am not saying that odds are not helpful, it is really helpful for us, it is just that we are different in the way we play and the way we think.

I don't think research would be the biggest factor to consider in gambling. Things do happen more often thru luck and factual basis won't really do that much especially if you are not lucky that day. I do get it, one should have an insight about something to know the odds as well as advantages and disadvantages, aiming to get the win. But we are all familiar with how this luck occurs in gambling. Perhaps you have a favorite team in sportsbetting but for some reason, the opposing team managed to get the win. Despite of the odds, there are just times wherein these things are not becoming a factor, and most of the time, since we are talking about gambling, luck is the main player on every outcome. Super teams do lost sometimes and that I think is an enough reason. When it comes to other gambling games, strategies would work but will only cover the majority of percentage in order to win, not totally the game itself.

Luck is a big factor in casino and/or sports betting but I would agree that it would be better to have research first before taking a bet. Yes, there are instances that unexpected results happen despite the odds but for me, it won't hurt to do a little research. Although doing research does not guarantee you to win in sports betting, it's still good to have one just like what he said, especially if you are new to the game.

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Quote from: abhiseshakana on December 18, 2020, 11:44:24 AM

Yeah, you have got a point, in gambling no one can achieve the optimal strategy, because when it all starts there will always be random movements that can beat even the best gamblers. Therefore, in gambling, many factors are related to one another, and in my opinion, luck is the most dominant. But for the house and bookies, the biggest factor that can get them a lot of profit is the odds, especially in the long term.

If there is, then I believe it is very unlikely to be believed, because I believe it is very difficult. No one can achieve the optimal strategy in gambling, because in reality it is the luck factor that will always lead gambler to get wins that are sometimes unexpected.
Skills, knowledge, experience are some of the things that can increase the odds, but in the end I believe luck reigns supreme. This system is very hard to beat, although sometimes there are a few people who do it.

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Quote from: Casdinyard on December 18, 2020, 10:55:08 AM

I don't think research would be the biggest factor to consider in gambling. Things do happen more often thru luck and factual basis won't really do that much especially if you are not lucky that day. I do get it, one should have an insight about something to know the odds as well as advantages and disadvantages, aiming to get the win. But we are all familiar with how this luck occurs in gambling. Perhaps you have a favorite team in sportsbetting but for some reason, the opposing team managed to get the win. Despite of the odds, there are just times wherein these things are not becoming a factor, and most of the time, since we are talking about gambling, luck is the main player on every outcome. Super teams do lost sometimes and that I think is an enough reason. When it comes to other gambling games, strategies would work but will only cover the majority of percentage in order to win, not totally the game itself.

Yeah, you have got a point, in gambling no one can achieve the optimal strategy, because when it all starts there will always be random movements that can beat even the best gamblers. Therefore, in gambling, many factors are related to one another, and in my opinion, luck is the most dominant. But for the house and bookies, the biggest factor that can get them a lot of profit is the odds, especially in the long term.

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Quote from: Yudhisthir on December 18, 2020, 10:09:05 AM

For the sports I closely follow and is confident with like football and cricket, I go with my instincts and choose the match I'm largely sure about. Field, injuries and weather factors also comes in the play but I don't generally check external sites for opinions on them.
On games that are analytical like tennis, I go with head to head history and the players history on that particular net as well their recent matches.

I think you do the same way in different sports betting, because even though you only rely on instinct but basically you still consider the field factors, injuries and that at least still requires information about the last match and also head to head. Even if you only bet on the team you like but still, such information is still necessary I guess. But indeed, these things will make us ignore the odds, but it does not rule out that we will also look for better odds compared to lower or maybe very low oods because for me it will just be a waste of time.

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So if the team have more favorite, it could be a good selection if we choose that team, although that is not guaranteed for that team to win in the next match.
Maybe it is better to analyze the team from many sources than to depend on the team's odds because we can lose any time.
That is why we need to collect as much data from many sources, so we know which team has a chance to win and not just based on the odds.
If we do not have more sources, maybe that is the time for us to select the team based on the odds.
But if I were in that situation, I will not place a bet, but I will take a break for a while just to enjoy the game.

Some teams are favorite for a reason, definitely that is not a guaranteed win but the chances of them are higher depending on the team that they are up against. I find overanalysis too time consuming, so I look out for the favorite teams to bet. I don't really care if I lose or win when I am betting because the money that I put in is not a lot so yeah, if I win then lucky break and if I lose then tough break I guess.

That is one solution to prevent overanalysis, and I think that can work as long as we know that teams are the favorite team.
It seems you enjoy betting and placing your selection on the favorite team.
We should do that in the betting because we only want to enjoy placing the money to the favorite team, and we do not mind anything that can happen later, whether we will win or lose.
We should find how we can enjoy gambling games, and I am sure that we can know what the thing that can make us feel comfortable.

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Quote from: Natalim on December 18, 2020, 06:53:57 AM

For me the research should come first and I only research my favorite game where I think I can see the value at the same time, odds that are displayed are nothing if you are not studying the game because you won't see which odds has the best value.

Indeed, I prefer to research first before everything else, for me to be sure if I can win in that certain game or not, if I am new to a game and not familiar in all of its environment I need to see others review first, and after that, that is the time that I will see the odds, but I am not saying that odds are not helpful, it is really helpful for us, it is just that we are different in the way we play and the way we think.

I don't think research would be the biggest factor to consider in gambling. Things do happen more often thru luck and factual basis won't really do that much especially if you are not lucky that day. I do get it, one should have an insight about something to know the odds as well as advantages and disadvantages, aiming to get the win. But we are all familiar with how this luck occurs in gambling. Perhaps you have a favorite team in sportsbetting but for some reason, the opposing team managed to get the win. Despite of the odds, there are just times wherein these things are not becoming a factor, and most of the time, since we are talking about gambling, luck is the main player on every outcome. Super teams do lost sometimes and that I think is an enough reason. When it comes to other gambling games, strategies would work but will only cover the majority of percentage in order to win, not totally the game itself.

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For the sports I closely follow and is confident with like football and cricket, I go with my instincts and choose the match I'm largely sure about. Field, injuries and weather factors also comes in the play but I don't generally check external sites for opinions on them.
On games that are analytical like tennis, I go with head to head history and the players history on that particular net as well their recent matches.

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Quote from: Betwrong on December 17, 2020, 07:44:25 AM

Odds matter big time to me, and I'll explain why. I prefer betting on something which is unlikely(high outcome odds), but not absolutely unlikely, at the same time. I wouldn't bet on a losing team, in a soccer match, when the score was 0:2 and the time left till the end of the second half was 10 minutes, however big the odds were. But if the odds are pretty high, but the probability of the event isn't that low, like of the draw here

I try to exploit this discrepancy. (^^My today's bet isn't the best example. Sometimes the outcome odds for an event with the same probability can be above 7.00. That's when it's definitely worth a shot.)

Some people who to bet on unlikely outcomes, but I think it's too risky. I'm not into such bets yet, but maybe I'll try them one day.

Quote from: MCobian on December 18, 2020, 07:21:53 AM

Since the corona virus spread and made the match unable to be attended by spectators. Many match results are unexpected,
so the most important thing when going to place a bet is to do research on the teams that will play. In this case I am talking
about sports betting for football. Because several times I rely on the odds ended up losing money, so in a current pandemic
situation there is no guarantee that choosing lower odds will increase the chance of winning.

I think I agree the matches are less predictable now due to the pandemic, but I'm not sure whether the odds are less reliable than they used to be. I didn't make many bets before the pandemic, so it's hard for me to compare, but I do agree that the outcome with the lowest odds (the highest probability) often isn't the actual winner (in about 50% of the time in my experience).

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Since the corona virus spread and made the match unable to be attended by spectators. Many match results are unexpected,
so the most important thing when going to place a bet is to do research on the teams that will play. In this case I am talking
about sports betting for football. Because several times I rely on the odds ended up losing money, so in a current pandemic
situation there is no guarantee that choosing lower odds will increase the chance of winning.

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Quote from: bitterguy28 on December 18, 2020, 06:44:51 AM

Not unless if the Odds is to High ,if the advantage is at least 50-70% then i will go on the High Odds but if this comes closer? i will make my own researches and understanding regarding the two opposing team or fighter.

And will decide depend on my discretion and belief, or sometimes i choose to give up the bet and try to find Slot machine instead as the fight will surely for Luck winning.

For me the research should come first and I only research my favorite game where I think I can see the value at the same time, odds that are displayed are nothing if you are not studying the game because you won't see which odds has the best value.

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Not unless if the Odds is to High ,if the advantage is at least 50-70% then i will go on the High Odds but if this comes closer? i will make my own researches and understanding regarding the two opposing team or fighter.

And will decide depend on my discretion and belief, or sometimes i choose to give up the bet and try to find Slot machine instead as the fight will surely for Luck winning.

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Quote from: maydna on December 17, 2020, 09:52:01 PM

Quote from: FontSeli on December 17, 2020, 05:35:08 PM

I've seen favorites lose or draw many times. That's why a strategy where you only bet on favorites fails from time to time. And all the money you earned before you will lose at that moment. So be sure to study the teams and the situation in the championship before betting.

The analysis or research will be important to do before placing the bets because that is the only way to select the right team. Although that is not guaranteed to increase the odds, it can help you know which team will have a bigger percentage to win. The strategy will need to adapt based on the situations that day, so we don't just rely on the odds, but we know what we choose and know that the odds themselves can also change.

In the past, I used to look at the history of previous games between teams over the past few years. I also watched how much their team lineups have changed. Their places in the rating.
However, now it is much more important to look at the reports on the health of the teams, whether any of the important players are ill and whether they are suspended from the game. You need to study a lot of information before making a bet.

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