Do you rely on the odds when placing bets? - page 9.

chaser15

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Quote from: Xinarae* on January 04, 2021, 01:00:04 PM

If you have a lot of money and are willing to make huge losses to win big chances you may be able to make high-risk bets with high-winning chances to satisfy yourself.

I sometimes do this depends on how I looked at the match.

There are instances that I feel betting on the underdog on high odds based on my analysis and self-instinct.

Knowledge of the game plays a big role here in my decision. I will not just place a bet on high odds on a random bet or sports.

acquafredda

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Quote from: Ziskinberg on January 04, 2021, 06:02:02 AM

Quote from: acquafredda on January 04, 2021, 05:22:56 AM

Keep relying on odds it is like relying on a martingale strategy over the long run, eventually you will lose Wink

I could not agree with this one, betting odds is just a multiplier of the outcome of your bet in case you win, martingale on the other hand is a bankroll management, there's no connection of this two to be honest.

Quote from: acquafredda on December 29, 2020, 11:48:15 AM

Odds are specifically engineered to attract equal action on both sides of a betting line. In a perfect world, a sportsbook receives equal betting volume on both sides of a wager then, win or lose, they’ll make 5-10% on the juice (or ‘vig’).
As such, it’s integral to understand that the chief function of oddsmakers isn’t to create an accurate (and probable) picture of reality—it’s to mitigate your sportsbook’s risk. Think of contemporary oddsmakers as risk management professionals, as well as expert sports predictors.
https://www.sportsbettingdime.com/guides/betting-101/how-bookmakers-generate-odds/
The game is made so that, at the end of the day, they end up always winning Wink

I am referring to the fact that both the house edge and the odds engineering mechanism are designed to allow the casino to always win on the lung run. That is why they profit whether you understand it or not. Wink

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Yes, there will be inequality for gambling we have to go through it. You need to analyze the market and find out the disadvantages of using your experience. The situation is not the same depending on the odds. You have to choose the right time. If you have a lot of money and are willing to make huge losses to win big chances you may be able to make high-risk bets with high-winning chances to satisfy yourself. Otherwise it would be wise to bet safely. At least keep the bet with a win doing so will reduce your risk and you will still have the least mathematical advantage in the house.

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Quote from: roosbit on January 04, 2021, 11:10:00 AM

I used to rely on these odds but I noticed that the bookie is sometimes wrong, probably most of the times Grin

For that as long as the stats say otherwise I will always go against the favourite because anything can happen on game day.

And if odds were a reflection of the final results by now we would all be billionaires!!! So no ,I don't rely on the odds.

I'm sure you are sharing based on your experience, I've learn that also that betting against my favorite team sometimes makes me profitable. The thing is, bookies or bookmakers knows what people would think with the odds they offer, and therefore they will not offer an odds where bettors would give the bookies some trouble paying out the winnings, most of the time, the public or the majority of the bettors are wrong.

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I used to rely on these odds but I noticed that the bookie is sometimes wrong, probably most of the times Grin

For that as long as the stats say otherwise I will always go against the favourite because anything can happen on game day.

And if odds were a reflection of the final results by now we would all be billionaires!!! So no ,I don't rely on the odds.

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Quote from: ?? on ??

maybe on some matches in sports betting I can count on odds, especially on teams I don't know the style of play for. Most of all, before placing a bet beforehand, I did research first on each team that will play, by looking at the game strategy and history of each team itself so that it can be a benchmark before placing a bet

Well, looks like we have the same strategy. I do rely on odds but only on teams that I'm not familiar with especially with how they play. Same goes with individual players like in boxing.

The exception I guess is when the team or athlete playing is my favorite one. That means I know what their or his gameplay is. But, i must say that at times, it also depends on my mood or my gut feel. You know, you sometimes feel that the odds will give you better results so you follow that instead. Just my thoughts tho.

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Quote from: Betwrong on January 04, 2021, 08:14:34 AM

Exactly this why I prefer betting on the underdogs. I mean, it's a crazy way of thinking, if you ask me, but we can't be entertained without going crazy at least for a bit.

So, the key here is not to bet more than can easily afford to lose, and if that is settled, you can go crazy all the way you want. Why not?

Bookmakers always underestimate the odds on favorites, so it is really reasonable to bet on an outsider. By the way, I know that some players bet on the outsider before the match, and then during the game, if the outsider's chances increase, they make a counter bet and thus guarantee themselves a small profit even before the match is over.

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Quote from: Fredomago on January 04, 2021, 05:18:41 AM

Quote from: Viscore on January 03, 2021, 07:58:17 PM

Quote from: ?? on ??

maybe on some matches in sports betting I can count on odds, especially on teams I don't know the style of play for.

I don't do that, instead, I would not bet on games that I don't know, I'll just stay away and just wait until I find games that I like to bet. Rather than wasting money, I should be responsible all the time and bet on games that I am familiar and not just pure guessing on the odds available.

Much safer and much better! If you bet with games that you don't have any idea on how the team
or player are playing it's a full gamble and a big risk with your money,.

Better to stay away from this kind of gamble, bet when you have a good knowledge and have a better understanding
regarding to the game that you are going to bet your money.

Take time to work it out with your knowledge instead of relying with
odd coming from bookies that most of the time is just a trap to allure
the bettors.

That's why I mostly focus on basketball as that's my favorite game. NBA and other local sports, those are the events I'm betting. I also bet on football soccer and boxing but I'm not constantly doing it, and based on my observation, it does not entertain me the way I'm entertain betting on basketball games.

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Quote from: sulendra12 on January 03, 2021, 08:38:44 AM

Quote from: Ucy on January 03, 2021, 06:45:26 AM

I guess this means that bets on low odds don't give much profit, and you'll have to also consider the possibility of losing the $100?

True, chance of losing despite it has really low odds are there. I remember I did a bet on really low odds(1.10 if I can recall) and they were lose for some reasons, so I lost all my money on that bet.

Also, how about when the odds are the same?. No matter what the odds are, it's pretty much 50:50 anyway.

Exactly this why I prefer betting on the underdogs. I mean, it's a crazy way of thinking, if you ask me, but we can't be entertained without going crazy at least for a bit.

So, the key here is not to bet more than can easily afford to lose, and if that is settled, you can go crazy all the way you want. Why not?

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Quote from: Fredomago on January 04, 2021, 05:18:41 AM

Quote from: Viscore on January 03, 2021, 07:58:17 PM

Quote from: ?? on ??

maybe on some matches in sports betting I can count on odds, especially on teams I don't know the style of play for.

I don't do that, instead, I would not bet on games that I don't know, I'll just stay away and just wait until I find games that I like to bet. Rather than wasting money, I should be responsible all the time and bet on games that I am familiar and not just pure guessing on the odds available.

Much safer and much better! If you bet with games that you don't have any idea on how the team
or player are playing it's a full gamble and a big risk with your money,.

Better to stay away from this kind of gamble, bet when you have a good knowledge and have a better understanding
regarding to the game that you are going to bet your money.

Take time to work it out with your knowledge instead of relying with
odd coming from bookies that most of the time is just a trap to allure
the bettors.

Gambling is a matter of chances and lick. You better have a good and enough knwoldege in what platform you are in. Those who have a better understanding and did enough research on their platform are those who have the low chance or lower risk of gettingin trouble. And of course in gambling it is not just a matter of how much you have or eanrs but how you handle money and how you strategize in playing. But definitely one of the strategy is always relying on odds but this strategy aint gonna always effective and uou must not rely on it always.

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Quote from: Ziskinberg on January 04, 2021, 06:02:02 AM

Quote from: acquafredda on January 04, 2021, 05:22:56 AM

Keep relying on odds it is like relying on a martingale strategy over the long run, eventually you will lose Wink

I could not agree with this one, betting odds is just a multiplier of the outcome of your bet in case you win, martingale on the other hand is a bankroll management, there's no connection of this two to be honest.

Maybe He is just Imposing of Both will Bring Losses in which I also don't believe is True ,Martingale is Known to be a Hard way to Win in Gambling when Odds are Mostly Giving Bettors a right decision to Choose.

Or in the other way, He really Know nothing about what He is talking here LOL.

Ziskinberg

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Quote from: acquafredda on January 04, 2021, 05:22:56 AM

Keep relying on odds it is like relying on a martingale strategy over the long run, eventually you will lose Wink

I could not agree with this one, betting odds is just a multiplier of the outcome of your bet in case you win, martingale on the other hand is a bankroll management, there's no connection of this two to be honest.

acquafredda

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You guys are still pondering whether to rely on odds or not as you fail to understand that odds are engineered for the sportsbook to always get its fair share of profit. Keep relying on odds it is like relying on a martingale strategy over the long run, eventually you will lose Wink

Fredomago

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Quote from: Viscore on January 03, 2021, 07:58:17 PM

Quote from: ?? on ??

maybe on some matches in sports betting I can count on odds, especially on teams I don't know the style of play for.

I don't do that, instead, I would not bet on games that I don't know, I'll just stay away and just wait until I find games that I like to bet. Rather than wasting money, I should be responsible all the time and bet on games that I am familiar and not just pure guessing on the odds available.

Much safer and much better! If you bet with games that you don't have any idea on how the team
or player are playing it's a full gamble and a big risk with your money,.

Better to stay away from this kind of gamble, bet when you have a good knowledge and have a better understanding
regarding to the game that you are going to bet your money.

Take time to work it out with your knowledge instead of relying with
odd coming from bookies that most of the time is just a trap to allure
the bettors.

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Quote from: ethereumhunter on January 04, 2021, 04:06:29 AM

But I guess that the win money will not be too big, but that will not be a problem if we can accept that.

Big or small, it's still a win, and that's what you need to do, win most of the time and eventually you'll win bigger.

With proper discipline in managing your bankroll, you can easily turn your $1000 even to $1 million in time, nothing is impossible in gambling as long as you have the skills. Odds, news, and anything related, you need to be aware of that so you can make a great decision.

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Quote from: jademaxsuy on January 03, 2021, 10:47:58 AM

Quote from: ethereumhunter on January 03, 2021, 10:14:06 AM

That will make us confusing to choose which one. But if we have more info or valid data that will give us more details, we will know what we should choose because even if the odds are the same, it does not make us to feel difficult to choose. But the result will not always be what we want because if the match starts, it can be changed in the middle of the match.

I agree because odds are not really a reliable to depend on betting. What important is how you analyze the bet to win. And mostly just like any other normal person think when you bet it will be on the side which odd is lower. This is tue normal scenarion that will going to take place. Late betters are only after to bet for lower odds because they do not have their own analyzation or maybe they are not too sure and they only rely on odds when betting. It kinda effective too but it is way better to bet on what you think you can win with.

Analyzing the odds will be necessary for gambling before we decide, so that can give us the chance to win. They can depend on the lower odds, but that will only if they know if that will win a big percentage. Besides that, if you place a bet with small money, that will not be a problem for you, no matter if the odds are lower or higher. But I guess that the win money will not be too big, but that will not be a problem if we can accept that.

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Especially in sports the odds are a measure of confidence and support of a team. Its something to play, the ideal is live bets because the odds can really swing to the extremes as people cash out their bet in frustration at a low point in their teams progress. The point being some odds appear to predict a loss and completely wrong, so I just see the Odd Im given as a price tag to be attractive or not in my risk and high odds mean I risk less to get the same pay off. You have to be confident in your opinion

Viscore

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Quote from: ?? on ??

maybe on some matches in sports betting I can count on odds, especially on teams I don't know the style of play for.

I don't do that, instead, I would not bet on games that I don't know, I'll just stay away and just wait until I find games that I like to bet. Rather than wasting money, I should be responsible all the time and bet on games that I am familiar and not just pure guessing on the odds available.

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Quote from: aioc on January 02, 2021, 12:44:30 PM

Odds are very important this is to verify that you are doing it right and you have a good chance to win, yes I do look on the odds, it's very tempting to look on the odds, because we all want to win and we like to assure ourselves that the odds favor our bets and we can proceed with it.

Truly said, sometimes most of my games (sport games) do give me headache when choosing games by their odds, there are tempting odds in most of my gambling platforms but with control and discipline i do ensure the management of this. The best i do for myself during this period is going with the teams i understand best and am a fan of and not the other way round, chasing after odds si sometimes disastrous.

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Quote from: jademaxsuy on January 03, 2021, 10:47:58 AM

Quote from: ethereumhunter on January 03, 2021, 10:14:06 AM

That will make us confusing to choose which one. But if we have more info or valid data that will give us more details, we will know what we should choose because even if the odds are the same, it does not make us to feel difficult to choose. But the result will not always be what we want because if the match starts, it can be changed in the middle of the match.

I agree because odds are not really a reliable to depend on betting. What important is how you analyze the bet to win. And mostly just like any other normal person think when you bet it will be on the side which odd is lower. This is tue normal scenarion that will going to take place. Late betters are only after to bet for lower odds because they do not have their own analyzation or maybe they are not too sure and they only rely on odds when betting. It kinda effective too but it is way better to bet on what you think you can win with.

Yes we should not really rely in the odds, but it can be helpful as well , not all the people who uses odds are just like me or us that do not even analyze the game statistics, I believe that some of them based their odds in statistics so I think it is good to trust odds, but remember to analyze and research everything first, it will be the key to all the stuff to earn and to win in every game.

Topic: Do you rely on the odds when placing bets? - page 9. (Read 12695 times)