Topic: Do you rely on the odds when placing bets? - page 22. (Read 12695 times)

Relying on past performance can be a good sign, but you should find the other news to see if there are more indicators that can give you the chance to choose that team.
The surprising thing that can happen in sports, so we should be careful to analyze and do not just follow other news without comparing it with the news that we found.
And if we have so much news about each team, we will know how high the chance for each team win and loss, and we can select the right team.

Relying on the odds means following the general trend. The bookie has found the "better" team and giving them winning a higher chance and thus a lesser multiplier than the underdog. Now this has a logical basis and 90% of times, this might be correct, specially later in the seasons when some teams seem to be dominating the news.

However it is just a pointer as to who might win - you never know early in the season because then some matches might be fixed (worst case) or the underdog might end up winning a match and the better team lets them go because its not Elimination yet - wild guesses only.

Most often I don't treat the odds as indication as to who or which team will win. I make bets based on who or which team I think is going to turn out the winner. For as long as the odds are within normal range, say, 1.85 or 2.5 or around that I wouldn't be questioning my choice of bet. But if the player or the team I bet on is really a big underdog with odds as low as 4.0 or above, that's the time I will think again and reconsider my choice. I will usually get back to statistics and then I will look for any news that would explain the very low odds with my player or team.

There are also times when my bet or my mind wouldn't change however low the odds may be. That's when I strongly believe my choice is the winning choice.

In my opinion, the odds offered by bookies are one of the important thing that bettor need to pay attention to. Apart from the odds, I also think that the meeting of the two team that will compete in "H2H" must also be considered even though the result of the previous match could not determine today's result. For single bet, the smaller the odds the site gives, the more likely it is to win the bet. But I don't always like it because basically the capital that we will spend is greater than the result we might get.

They matter on the final decision because its mesures the strength between the two teams but i do not relay on it  that much, before i place my bet the first thing i rely on is the performance in the last matches and the current season,and  i always try to be objective. the second thing is my gut its an import thing because we have seen many surprises in sports and football specificaly

because if they dont get the job accurately done they will be in great trouble .

as much as possible they do more than a double check for setting things including the odds of every game but why is that a sportbetting site will claim that they have a better odds .

 this can be a kind if promotion same to what @mauser comment but not all promotion are satisfying , dont hurry on trying them before it gets too late .

It really depends if something like this of course we all know that the lower the odds the higher chance of winning but that's not always the case I've lose multiple times by using this kind of methods but most of the time it works.

With this, it will not fully provide us the chance that we are going to win or lose but will be a catalyst for us to decide, odds are there for our advantage in decision making, if the odds are good, then we can somehow trust the game. But what if there's no available information regarding the odds? This means that we, on ourselves should decide which is quite risky, believe it or not, a small portion of our betting decision is based on odds.


This is quite true, if they are dictating the odds, they can somehow predict the bets of the players which gives them the advantage in getting a higher profit. Going back, odds are always along with a statistical usage, if we are just going to based on the odds, we know that every bet we did has a basis and gambling gives an edge to those who are good in statistics and probability.

I think you should look for information on how casinos calculate the odds, it is a standard formula that varies according to the criteria of those who use them and it does not have magic numbers because the appreciation that a casino makes is based in the statistics of the teams involved, now depending on the casino, some odds are affected by a mathematical percentage that benefits the casino but is intrinsic to the formula and not to the statistical or factors that determine the fee based on the results of the teams involved.

That is why the odds vary from casino to casino in "numerical value" but not in the essence of "1x2".

So when you go against the result that predicts the winner, the odds are higher, which can mean if you place a bet;
That you have no statistical idea of ​​the bet.
That you know what you are doing but you just want to bet.
Are you a recreational player, fans or you just like to always go against the odds despite having the knowledge and statistical information of the teams involved.

Finally OP all his questions are related only that posed in different contexts but they all come to the same thing.

As I already mentioned; "Odds are not a magic ball of results" confirm the information that you handle or confirm your knowledge. Consequently that sums up all your questions in a single answer.

There's only a slim chance that a bookmaker will commit error on setting odds because most the casino use same odds computation. They only have minor variation but still considerable as same odds. AFAIK bookmakers used same data sheet for all the teams/athletes in every game that's why they always come up to a same betting offer side.

Finding one error betting odds is very rare.

I agree, looking at the odds is kind of important. I can understand that if there is a certain promotion for a specific bet by a bookmaker that we just jump onto that bet without really looking at other things. However, comparing odds across different companies can be really helpful and make us higher returns.

Ofcourse,  betting sites odds matter (they seem  reasonable and like what most people expect) but I'd try to make sure I win my bets by going further to research the teams to see if the given odds are even reliable/accurate. I'll likely use better factors to determine which team can really win a match or whether it'll end in draw. I wouldn't just assume the sites got the odds right.

But Odds adding compliance to the bettors because most Odds given bring wins to the gamblers but you are correct because assuring win cannot do of Odds.
Yeah that is why the bigger offers goes to the Underdog since odds is surely favored against of them.

You got it perfect mate, Bookmakers and gambling sites will surely win in each game lol.

In gambling, odds don't represent the true probability, so it is not just validation but also represents the ratio between the amounts staked by punters and the payout that will be received based on the probability made by the bookmakers.

So in other words, with the odds the punters will know how much money will be won when the bet wins, or simply put if their bet wins, they will get less money when betting on the favorite, and they will get more money when betting on the underdog. And one thing is certain, no matter what the outcome will be bookies will always win, because the odds are made by them and will always provide benefits to them, so whatever the odds are the payouts to the bettor who wins will always be less than they should have received.

Yeah Odds are there to Give us Hints on which wo could possibly winning but that is not an assurance of the final outcome.
because there are things can happen over the process that might result into different outcome.
Mood of each player may change,or the issue about that day of playing who may affect their performance and turns out losing instead of the expected win.

When both teams are almost the same in performance, that will make us difficult to select. We will usually choose the team that we already know has the best performance in the match before. Although that does not guarantee us to choose the right winner, we can hope to choose the right team.

If we want to choose the team, make sure your data is valid, and you don't get the data from other sources that you don't know. But I see that you have good experience in sports betting, so I believe you know how to choose the right team.

Odds are validation that your analysis about a given match is correct but odds are not absolute and so does your game plan, the end result is the one that matters, you cannot ignore odds everybody and everyone is looking at it, you always want to look on who has a better chances of winning, even if you are not betting and you are just following a game.

You need to  work with your knowledge in order to have a much better chance to win, gamblers who's taking this venue as source of additional funds are working seriously. Gathering all information that may help them to have an extra edge to win. It's not easy though as you need to make sure that you are learning from each time you places your bet and try to consisntently repeats from time to time.

That is also what I've experienced, you can't still be sure whose gonna win when both players are good. I use to put my bet just like you (lower odds) coz it was the favorite of the game but this never you a ticket to win, only luck can help it. Even the result is 50/50 (win/lose), but I'm still using this strategy. Well, of course, changes can be also happening especially when you are betting on your favorite team. It could be the underdog or not, usually we give support for them and even in an individual event.

Myself used to spend on sports events in which I've got good knowing about the players and the winning probabilities. It is always good to go with the lower odds for winning, but this fails when both the teams are almost same in performance. For this reason we need to choose the odds on different levels of analysing about its previous games and also should have alternate betting plans to minimize loss if things didn't worked as predicted.