Do you rely on the odds when placing bets? - page 19.

Saint-loup

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Quote from: Janation on December 17, 2020, 09:36:39 PM

Quote from: FIFA worldcup on December 17, 2020, 10:43:22 AM

Quote from: aomakun on December 17, 2020, 09:52:00 AM

If the odds were something like this well I really think I should just rely on odds. It's rare to see such odds in my opinion but there's no assurance that it will always win it's still gambling after all.

Odds does matter and they are particularly more useful when you want to see who is the favorite team. The favorite team or the team which is winning mostly gets lower odds and the weaker teams gets the higher odds. This is mainly true for the sports betting.

At first, I was confused by this.

I thought that the higher the odds mean the ones with the higher chance of winning while those with lower odds mean that they have a lower chance of winning. But that odds doesn't refer to that but it refers to the winnings the gambler could win. It does really matter to some since it is their first basis whether to bet on that team or player.

When did you think this way? You're no longer such a big noob now I hope. Cheesy

Becky666

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Quote from: SmokerFace on December 18, 2020, 04:01:42 AM

I always consider odds before placing bets mostly in Sports bet (which i don't do very often) but when I play dice I go with auto bet.

Categorically, most replies here are about putting odds into consideration before make their bets when it come to sport-betting. Although there are confessions posed by Bookmakers in this regard becasue they tend to favor some team irrespective of their play ability, so, at this junction a bettor should ensure to study team players and their opponents before make bet on such team. For the Dice, it's purely base on a gambler luck while rolling the dice, and manual seem best for me.

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

snip..

I personally think odds are very important! for me, it influences 60% of my decision on choosing a team. Besides the odds, I also find out whether the team I will choose has internal team problems (such as injured players or financial problems) because it has a big influence on the cohesiveness of the players on the field..

covfefe_

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I don't rely of odds to place bets but when I decide to bet on some game or event, I look for the best odds and ways of achieving the best of it.
I have a number of popular sports betting site and chose the one which would be more favorable for the game. Sometimes placing on similar outcome with a small difference in conditions may yield better odds. Like sometimes the odds for goal difference is much more favorable than the win. And some sites do provide some ways of boosting the odds for some games which comes in handy when you are selectively gambling on a small number of games.

Slow death

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I don't trust the odds, when I started making sports bets I only bet on games with odds from @1.40 to @1.50 because I thought that with that I would have a lot of chances to win, but out of 15 games, I could only hit 7 and was left with long-term losses.

That's when I realized that I shouldn't trust odd, I should trust my analysis. and currently I only trust my analysis, I do not bet based on the opinion or analysis of other people and only on a few occasions do I place bets with odds of less than @1.70. I prefer to multiply more than 5 games to the point of odd being more than @7.00 because with that I make little money to bet and when I win I get a good amount of money, in the long run it is much more advantageous and if I lose, I don't worry because what I care about is having fun with games

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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:

Count me in on that mate, i choose to bet in Highest Odds than the lower and i don't care if what others might say ,because for me those who create the Odds are 100 sure of what is the out come of each games.

Quote

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?

If the Odds are close? most of the time i decides to Pass for that certain game because i know how risky would it be and why would risk when there are other games that i may Bet and win smaller at least Higher chance of winning.

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Quote from: erikoy on December 18, 2020, 01:25:04 AM

Yes, getting the odds when betting makes you more feel confident to place bet. Of course, the lower the odd the higher chances of winning in every bet but it is not guarantee though but only chances of winning. It is not bad either that odds are being calculated in a manner depending on the number of bets being involved.In my own opinion betting with high chances of winning lets you get profit but not that much profit to get especially if the odd gaps is high.

I wonder what the bolded part means. Wish to understand exactly how betting sites odds are calculated, and whether the sites have different odds for thesame match due to different method for calculating odds.
I assume some betting sites have more reliable method for calculating odds than others. I wonder if this is true

SmokerFace

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I always consider odds before placing bets mostly in Sports bet (which i don't do very often) but when I play dice I go with auto bet.

Janation

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Quote from: erikoy on December 18, 2020, 01:25:04 AM

In my own opinion betting with high chances of winning lets you get profit but not that much profit to get especially if the odd gaps is high.

That might be true.

But you should know that there are instances that the team or player with the higher odds usually wins. It is true that it is the safest pick if you will be depending on the odds but there are other things that could affect the outcome of the match. Since we are dealing with gambling, these odds can usually be a trap.

erikoy

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Yes, getting the odds when betting makes you more feel confident to place bet. Of course, the lower the odd the higher chances of winning in every bet but it is not guarantee though but only chances of winning. It is not bad either that odds are being calculated in a manner depending on the number of bets being involved. In my own opinion betting with high chances of winning lets you get profit but not that much profit to get especially if the odd gaps is high.

BigBoy89

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I do rely on odds. IMO the markets on exchanges are perfectly balanced as if they are not, somebody will exploit them.

At the same time, I'm looking for prone to exploit slow bookies during odds movement. It's a game of cat and mouse.

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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.

I have same perception when it comes to place a bets in sports betting. I do perform first analysis or research before i would put a bet in a team. We do have our own favorite team in any sports but not all cases that the once winning team will always be a winning team. In placing a bets in sports betting doesn't really guarantee that the previous winner will give the higher odds. As far as i know strong players degrades their endurance once they get aged.

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Quote from: traderethereum on December 17, 2020, 02:37:38 AM

Quote from: Lorence.xD on December 16, 2020, 10:51:33 PM

~

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.

maydna

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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.

Janation

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Quote from: FIFA worldcup on December 17, 2020, 10:43:22 AM

Quote from: aomakun on December 17, 2020, 09:52:00 AM

If the odds were something like this well I really think I should just rely on odds. It's rare to see such odds in my opinion but there's no assurance that it will always win it's still gambling after all.

Odds does matter and they are particularly more useful when you want to see who is the favorite team. The favorite team or the team which is winning mostly gets lower odds and the weaker teams gets the higher odds. This is mainly true for the sports betting.

At first, I was confused by this.

I thought that the higher the odds mean the ones with the higher chance of winning while those with lower odds mean that they have a lower chance of winning. But that odds doesn't refer to that but it refers to the winnings the gambler could win. It does really matter to some since it is their first basis whether to bet on that team or player.

Fredomago

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Quote from: BuNga_cute on December 17, 2020, 05:55:53 PM

I am one of those who rely on odds when placing bets, because until now I still believe that choosing lower odds can provide
a greater chance of winning. Even though in theory this is true, in fact I have to admit that many matches are unpredictable.
Finally, some strong teams or favorite teams can lose, or several times a lot of matches end in a draw.

This made me think about changing my betting strategy, because relying on odds when placing a bet does not guarantee my
winnings. So I started studying the statistics of each team that was going to play, I opened the team data. That way I can find
out the condition of the team that will play, it turns out to be more helpful in determining my decision when placing a bet.

If you have good idea with particular team that you'll going to bet with analysing the current lineup and how they've played previously helps you to determine the chances of the team to work with your you.

Not an easy task though but relying only with odd most of the time leads you to experienced big dissapointment, better to keep on track and be knowledgable with every events that you'll going to participate.

Most to remember, even it's only a less percentage to happen, inside gambling shit may messed up with you.

n0ne

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

Quote from: carlfebz2 on December 17, 2020, 03:45:32 PM

Quote from: zidanw on December 17, 2020, 02:51:13 PM

Sometimes, you will know the chances of the possible winners and losers I tried that multiple times in parlay and I can really tell that it work most of the time if the odds was around 1.40 and above but that's a little bit risky.

Sticking out to favorite ones is one of the common indication for most people but for those people who've known better then those would really be changing up.

I agree that it might work on sticking out into that principle but there are times or odds which isnt really worth the risk.You can earn 1.5x or lower with higher chance of winning
but doesnt mean that it would really come along the way.

Sometimes there are bets where the other side would most likely to win or shall we say we do totally oppose on what bookies or the majority been thinking off.

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.

Today the price has crossed the $23000 tag. It can go even high in the upcoming days. Once people get into gambling the mentality used to change when loss is the experience they gain. By the time people start going on random picks. Here the luckiest wins. Important thing, if there is no money involved with gambling people could never look into it.

Oilacris

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

Quote from: carlfebz2 on December 17, 2020, 03:45:32 PM

Quote from: zidanw on December 17, 2020, 02:51:13 PM

Sometimes, you will know the chances of the possible winners and losers I tried that multiple times in parlay and I can really tell that it work most of the time if the odds was around 1.40 and above but that's a little bit risky.

Sticking out to favorite ones is one of the common indication for most people but for those people who've known better then those would really be changing up.

I agree that it might work on sticking out into that principle but there are times or odds which isnt really worth the risk.You can earn 1.5x or lower with higher chance of winning
but doesnt mean that it would really come along the way.

Sometimes there are bets where the other side would most likely to win or shall we say we do totally oppose on what bookies or the majority been thinking off.

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.

You cant really just choose those favorites and believe that you can make money with it because if we do make calculations depending on how low the odds is then it will take 2-3 games for you to break even with 2x
profit.How much more if you do go with much more lower odds like 1.01-1.09 maximum which is really a suicide but wondering that there are still gamblers who do continue with this very minimal gains.

It cant be called a strategic based type of gambling if it doesnt involved any strategy or analysis making.We do mainly need that not just on selecting bets just because they are the favorite ones and
means that they will win the game.

BuNga_cute

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I am one of those who rely on odds when placing bets, because until now I still believe that choosing lower odds can provide
a greater chance of winning. Even though in theory this is true, in fact I have to admit that many matches are unpredictable.
Finally, some strong teams or favorite teams can lose, or several times a lot of matches end in a draw.

This made me think about changing my betting strategy, because relying on odds when placing a bet does not guarantee my
winnings. So I started studying the statistics of each team that was going to play, I opened the team data. That way I can find
out the condition of the team that will play, it turns out to be more helpful in determining my decision when placing a bet.

FontSeli

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Quote from: carlfebz2 on December 17, 2020, 03:45:32 PM

Quote from: zidanw on December 17, 2020, 02:51:13 PM

Sometimes, you will know the chances of the possible winners and losers I tried that multiple times in parlay and I can really tell that it work most of the time if the odds was around 1.40 and above but that's a little bit risky.

Sticking out to favorite ones is one of the common indication for most people but for those people who've known better then those would really be changing up.

I agree that it might work on sticking out into that principle but there are times or odds which isnt really worth the risk.You can earn 1.5x or lower with higher chance of winning
but doesnt mean that it would really come along the way.

Sometimes there are bets where the other side would most likely to win or shall we say we do totally oppose on what bookies or the majority been thinking off.

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.

Topic: Do you rely on the odds when placing bets? - page 19. (Read 12696 times)