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Topic: Do you rely on the odds when placing bets? - page 4. (Read 12695 times)

legendary
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Leading Crypto Sports Betting & Casino Platform
February 07, 2021, 09:02:23 AM
You can see the ODDs but relying on odds is not so good all the time. Suppose you wanted to place a Bet on Soccer, and you choose the team which has lower odds, You are waiting for the winnings with excitement. But unfortunately, you lose the bet, After losing, you try to figure out what actually happened! You just figure out most of the good players on your team were injured and did not participate in the game, that's why they lost.

So, relying on odds is good but you have to know what are actually you going to do. So bet on the games you watch regularly and the teams you have a good idea of.
That's all.
hero member
Activity: 2926
Merit: 636
February 07, 2021, 08:23:31 AM
We all know that gambling games are have a 50/50 chance of winnings.
Wrong... talking of betting odds, it gives us different odds which means different chances of winning.
If you get 1.50 betting odds, that's not 50/50 chance of winning, you will get higher but of course the winning is only 50% of your bet.
Quote
There are no gambling bets that you have a 100% probability of winning.

This is true, even if you get 1.01 odds in sports, it's still possible that you will lose.

Don't get confuse by the chances.. I just want to emphasize that 50/50 chances does not exist in sports betting since they will always get the commission from your winning. 
hero member
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February 07, 2021, 08:14:42 AM

I view odds as nothing but representation of majority view towards a certain event. And that makes odds very very manipulative. In 2016, people's opinion of Donald Trump winning was so low, and it's like a cycle, people thought Trump won't win, the odds adjusted themselves, and people after seeing the odds believed it more. In sports, odds become much more dangerous to trust, because there is a huge luck factor as well, even the strongest player can get injured!

In sports it is also the result of the latest events of this or that team... For example, if an outsider suddenly wins several games in a row by chance, then his odds will increase in the following games...

I agree with you, winnings streaks or even losing streaks can have a pretty big impact on the performance on the team. Players are just humans and when they won a few games in row their moral should be higher. Same goes for losing a few games in a row and then their moral would likely drop, even though they are professionals. I would expect the moral boost to be the highest if they are winning against a team that is a clear favourite. In my opinion it is best to bet on a team that is running hot instead of a team that has been losing a lot lately.

We all know that gambling games are have a 50/50 chance of winnings. There are no gambling bets that you have a 100% probability of winning. So that in gambling it is always about having a strategies and techniques. Gambling is one of the best way to earn a high profit. Because it gives you a good amount of earnings yet if you don't know how to handle things or how to play smart in gambling, you will always lose and end up bankrupt. The higher risk always gives you the higher income or earnings yet you must need to put some smart moves and strategy in order to become a smarter earner or gambler. We all need to do things and to learn them before we dive into it and before we won or achieve our goal, we always experienced losing at first.
hero member
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February 07, 2021, 07:22:19 AM

I view odds as nothing but representation of majority view towards a certain event. And that makes odds very very manipulative. In 2016, people's opinion of Donald Trump winning was so low, and it's like a cycle, people thought Trump won't win, the odds adjusted themselves, and people after seeing the odds believed it more. In sports, odds become much more dangerous to trust, because there is a huge luck factor as well, even the strongest player can get injured!

In sports it is also the result of the latest events of this or that team... For example, if an outsider suddenly wins several games in a row by chance, then his odds will increase in the following games...

I agree with you, winnings streaks or even losing streaks can have a pretty big impact on the performance on the team. Players are just humans and when they won a few games in row their moral should be higher. Same goes for losing a few games in a row and then their moral would likely drop, even though they are professionals. I would expect the moral boost to be the highest if they are winning against a team that is a clear favourite. In my opinion it is best to bet on a team that is running hot instead of a team that has been losing a lot lately.
hero member
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February 07, 2021, 06:09:36 AM

I view odds as nothing but representation of majority view towards a certain event. And that makes odds very very manipulative. In 2016, people's opinion of Donald Trump winning was so low, and it's like a cycle, people thought Trump won't win, the odds adjusted themselves, and people after seeing the odds believed it more. In sports, odds become much more dangerous to trust, because there is a huge luck factor as well, even the strongest player can get injured!

In sports it is also the result of the latest events of this or that team... For example, if an outsider suddenly wins several games in a row by chance, then his odds will increase in the following games...

Outsider means a road team? I guess it doesn't matter whether it's a home team or a road team, what matters is the team is winning and that will make a certain team be favorites in every game. That's normal in sports betting, there are favorites and there are underdogs but favorites does not win all the time, so it's still worth betting on the underdogs.
hero member
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February 07, 2021, 04:46:29 AM

I view odds as nothing but representation of majority view towards a certain event. And that makes odds very very manipulative. In 2016, people's opinion of Donald Trump winning was so low, and it's like a cycle, people thought Trump won't win, the odds adjusted themselves, and people after seeing the odds believed it more. In sports, odds become much more dangerous to trust, because there is a huge luck factor as well, even the strongest player can get injured!

In sports it is also the result of the latest events of this or that team... For example, if an outsider suddenly wins several games in a row by chance, then his odds will increase in the following games...
full member
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February 07, 2021, 04:44:52 AM
When I’m placing bet the odds of the both team matters to me because the odds is in direct proportion to the outcome of the game. The odds of the game also determined the amount in which I’m going to stake in the game. The odds also will make the game more interesting for me to play.
The existence of odds does help to see opportunities where you can get profit. The average person, apart from doing analysis based on games, also looks at the odds which are used as a reference for betting on which team and what total bet. this is obviously very influential. but sometimes there are lots of traps at the odds which often change and change when my new game starts

I view odds as nothing but representation of majority view towards a certain event. And that makes odds very very manipulative. In 2016, people's opinion of Donald Trump winning was so low, and it's like a cycle, people thought Trump won't win, the odds adjusted themselves, and people after seeing the odds believed it more. In sports, odds become much more dangerous to trust, because there is a huge luck factor as well, even the strongest player can get injured!

ODDS are manipulative, only if the people who views this odds doesn't have information regarding the participants in the bet. People commonly lean towards the bet with better odds cause they don't have conclusive evidences/reason to pick, thats why they rely on other's picks thinking that those people has more knowledge and information that dictates who will they pick.
full member
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February 07, 2021, 04:30:07 AM
When I’m placing bet the odds of the both team matters to me because the odds is in direct proportion to the outcome of the game. The odds of the game also determined the amount in which I’m going to stake in the game. The odds also will make the game more interesting for me to play.
The existence of odds does help to see opportunities where you can get profit. The average person, apart from doing analysis based on games, also looks at the odds which are used as a reference for betting on which team and what total bet. this is obviously very influential. but sometimes there are lots of traps at the odds which often change and change when my new game starts

I view odds as nothing but representation of majority view towards a certain event. And that makes odds very very manipulative. In 2016, people's opinion of Donald Trump winning was so low, and it's like a cycle, people thought Trump won't win, the odds adjusted themselves, and people after seeing the odds believed it more. In sports, odds become much more dangerous to trust, because there is a huge luck factor as well, even the strongest player can get injured!
hero member
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BTC to the MOON in 2019
There is a logical reason why odds change happen so frequently,
The reasons are because of a significant news, or one side has been pounded with huge money.

the lower odds have a higher chance of a win.
Obviously, that happens most of the time, but not all the time since it's not automatic, bookmakers are not always right in making the betting odds.

But the single loss on low odds event will force the gambler to repeat the same bet on a similar event 10 times in order to reach the break-even point. The average odd should be higher than 1.37 for winning big and restricting yourself from betting on low odds addiction. Once the gambler goes all-in with low odds, he will not stop until bursting the gambling bankroll.

Therefore it's necessary to have a control, otherwise, we will lose our discipline and we will forget how to manage our bankroll properly.
personally, I don't want to bet on low odds consistently as I feel greedy when doing that.
hero member
Activity: 2856
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Sometimes when I am betting in E-sports, especially when it comes to Dota2 I am relying on the odds especially when the both teams are equal when it comes to the strategy and play style, meaning they are both competitive and the other side has the higher odds then probably I am betting them because the odds of winning more prizes or items are good.

In E-sports, most of the time, teams are having almost the same or equal odds. The basis of odds provider here is not purely via past match/records so they will put it that way. The key here is knowledge of those teams and their respective gameplays.

Different from the usual sports wherein odds play a big role when deciding what to bet.


Sports have different odds but it doesn't matter because odds are always available on both teams and we can pick which odds and which team we will put a bet. I hope I know more about E-sports but I'm just a typical bettor who love sports betting more than anything else.

Based on your experience, which type of betting you win more, E-sports or sports?
legendary
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Sometimes when I am betting in E-sports, especially when it comes to Dota2 I am relying on the odds especially when the both teams are equal when it comes to the strategy and play style, meaning they are both competitive and the other side has the higher odds then probably I am betting them because the odds of winning more prizes or items are good.

In E-sports, most of the time, teams are having almost the same or equal odds. The basis of odds provider here is not purely via past match/records so they will put it that way. The key here is knowledge of those teams and their respective gameplays.

Different from the usual sports wherein odds play a big role when deciding what to bet.
legendary
Activity: 2772
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Duelbits.com
You would learn things with experience and to those things that you had believed in the past and it would really be proven out on actual experience or situation.

1.01 doesn't really mean 100% chance of winning and I do see that even with this odds do still lose and that really indicates that nothing is really a sure win.

We cant really just deny that we do make out some presumptions and analysis with just seeing the odds. Favorite are always in favored to win but not all the times
and you will see that if you do go ahead with your sports betting journey.
Favorites often lose, despite the fact that odds for them are almost always low. And betting on odds like 1.01 - 1.10 is very unreasonable, because in this way you simply reduce the bookmaker's risks and increase them for yourself. You need to try to bets on a odds of 2, this will increase your chances at the distance, provided that the percentage of winning bets will be greater than losing ones.

Actually 1.10 is really low, I'm not taking that kind of low odds anymore, I've experimented betting on low odds in the past, even combine them through parlay and it does not work. Just think logically, bookmakers knows what they are doing, they won't offer an odds that will easily give bettors a win, most odds are really tempting and that result to most of us make a wrong decision in picking as we all love to bet on the favorites.
There is a logical reason why odds change happen so frequently, the lower odds have a higher chance of a win. But the single loss on low odds event will force the gambler to repeat the same bet on a similar event 10 times in order to reach the break-even point. The average odd should be higher than 1.37 for winning big and restricting yourself from betting on low odds addiction. Once the gambler goes all-in with low odds, he will not stop until bursting the gambling bankroll.
member
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When I’m placing bet the odds of the both team matters to me because the odds is in direct proportion to the outcome of the game. The odds of the game also determined the amount in which I’m going to stake in the game. The odds also will make the game more interesting for me to play.
The existence of odds does help to see opportunities where you can get profit. The average person, apart from doing analysis based on games, also looks at the odds which are used as a reference for betting on which team and what total bet. this is obviously very influential. but sometimes there are lots of traps at the odds which often change and change when my new game starts

Sometimes bookmakers intentionally over or underestimate the odds of different teams, because many people do their analysis exactly by the odds! If you do your own analysis, you can make money on such manipulations! Wink
Very true, which is why we should not play numbers but trust the system of head to head analysis and current team/player form though this only gives you a slight edge over the bookie because game day anything can happen!
legendary
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Sometimes bookmakers intentionally over or underestimate the odds of different teams, because many people do their analysis exactly by the odds! If you do your own analysis, you can make money on such manipulations! Wink
This usually happens when the bookmakers don't have a lot of information to rely on for example the games at the start of the season and on early lines too but it doesn't happen very often though.

Sometimes when I am betting in E-sports, especially when it comes to Dota2 I am relying on the odds especially when the both teams are equal when it comes to the strategy and play style, meaning they are both competitive and the other side has the higher odds then probably I am betting them because the odds of winning more prizes or items are good. Maybe you win a huge than placing a bets on the team that will lose and having a huge odd. Sometimes you just need to study the background of both teams in order to decide where you will bet on.
When the odds are equal it could also mean that these teams haven't played a lot and the bookies are taking the risk by putting them close to 50-50 so in the future they'll easily adjust it. Also the last part of your explanation is a bit confusing, are you trying to say it's better to go with the underdogs?
sr. member
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Sometimes when I am betting in E-sports, especially when it comes to Dota2 I am relying on the odds especially when the both teams are equal when it comes to the strategy and play style, meaning they are both competitive and the other side has the higher odds then probably I am betting them because the odds of winning more prizes or items are good. Maybe you win a huge than placing a bets on the team that will lose and having a huge odd. Sometimes you just need to study the background of both teams in order to decide where you will bet on.
legendary
Activity: 3108
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Leading Crypto Sports Betting & Casino Platform
You would learn things with experience and to those things that you had believed in the past and it would really be proven out on actual experience or situation.

1.01 doesn't really mean 100% chance of winning and I do see that even with this odds do still lose and that really indicates that nothing is really a sure win.

We cant really just deny that we do make out some presumptions and analysis with just seeing the odds. Favorite are always in favored to win but not all the times
and you will see that if you do go ahead with your sports betting journey.
Favorites often lose, despite the fact that odds for them are almost always low. And betting on odds like 1.01 - 1.10 is very unreasonable, because in this way you simply reduce the bookmaker's risks and increase them for yourself. You need to try to bets on a odds of 2, this will increase your chances at the distance, provided that the percentage of winning bets will be greater than losing ones.

Actually 1.10 is really low, I'm not taking that kind of low odds anymore, I've experimented betting on low odds in the past, even combine them through parlay and it does not work. Just think logically, bookmakers knows what they are doing, they won't offer an odds that will easily give bettors a win, most odds are really tempting and that result to most of us make a wrong decision in picking as we all love to bet on the favorites.
legendary
Activity: 2100
Merit: 1340
You would learn things with experience and to those things that you had believed in the past and it would really be proven out on actual experience or situation.

1.01 doesn't really mean 100% chance of winning and I do see that even with this odds do still lose and that really indicates that nothing is really a sure win.

We cant really just deny that we do make out some presumptions and analysis with just seeing the odds. Favorite are always in favored to win but not all the times
and you will see that if you do go ahead with your sports betting journey.
Favorites often lose, despite the fact that odds for them are almost always low. And betting on odds like 1.01 - 1.10 is very unreasonable, because in this way you simply reduce the bookmaker's risks and increase them for yourself. You need to try to bets on a odds of 2, this will increase your chances at the distance, provided that the percentage of winning bets will be greater than losing ones.
hero member
Activity: 2408
Merit: 674
God, save BTC!
When I’m placing bet the odds of the both team matters to me because the odds is in direct proportion to the outcome of the game. The odds of the game also determined the amount in which I’m going to stake in the game. The odds also will make the game more interesting for me to play.
The existence of odds does help to see opportunities where you can get profit. The average person, apart from doing analysis based on games, also looks at the odds which are used as a reference for betting on which team and what total bet. this is obviously very influential. but sometimes there are lots of traps at the odds which often change and change when my new game starts

Sometimes bookmakers intentionally over or underestimate the odds of different teams, because many people do their analysis exactly by the odds! If you do your own analysis, you can make money on such manipulations! Wink
hero member
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I just want to share that odds really are tricky upon placing bets.

Who is in esports dota2 here?

The match of TNC and Xctn.

Xctn is the underdog yet they swept TNC in two games a row.
I follow esports and the competitive scene on dota, that series was an outdraft from Xctn as TNC barely have any good teamfight disables.

Placing pre live bets on dota and league can be risky at times because no matter how good the players are it always come down to the team with the better draft composition.
Yeah, it's just noticeable that it was the same to this topic that has been made about odds and I was able to share it for the other Dota 2 players and lovers in here.

In most of the cases, the favorite team will have less odds as more people will bet on that team. However, if you are risk taker, you can bet on the underdog team and you can be lucky to win the bet with higher odds. However, if you always use this strategy, you will lose more often than winning.
The chance is higher for the favorite team and seems to be a stronger team. But this is Dota 2 and just as the same other esports or sports, teams that are not the favorite of the crowd don't lose the chance to win against stronger teams. I'm not saying that XCTN is a weak team, this is dota 2 in most of the teams are surprisingly strong if they're being said as tier 2.
hero member
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I just want to share that odds really are tricky upon placing bets.

Who is in esports dota2 here?

The match of TNC and Xctn.

Xctn is the underdog yet they swept TNC in two games a row.

In most of the cases, the favorite team will have less odds as more people will bet on that team. However, if you are risk taker, you can bet on the underdog team and you can be lucky to win the bet with higher odds. However, if you always use this strategy, you will lose more often than winning.

There's no way to win in sports betting if you are just following the same strategy over and over again, it's similar to blindly betting. Sports is not a luck based type of games where there's a probability based on the program or system, it's a real sport played live and bookies have odds to offer, therefore analyzing the game is necessary if you want to win if you are looking for a real value, it could be present in either favorites or underdog in a certain game.
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