Don't bet against the public? - page 18.

avp2306

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Quote from: Ziskinberg on October 28, 2024, 10:28:05 PM

The public here mainly consists of bettors who tend to bet on the favorites, whether it’s point spread or moneyline. Most suggestions we see online emphasize that to be considered a smart bettor, you should bet against the public. But what if we don’t bet against ourselves? Can we still find success in sports betting?

When we talk about success, it should be viewed as a long-term process. Some of us may not see ourselves betting long-term, which makes it hard for them to relate to this concept. If someone is just betting for fun, they likely won’t be well-versed in the terminology of sports betting, as their interest is quite limited. In contrast, those who genuinely want to win will study the sports betting market and seek ways to succeed, even if the chances are slim.

Well its like you are betting on underdogs, So provably its possible and it really happens. Its just you know how to take the risk towards this since by it means that lots of people like to bet on that team they believe that this is strong team and possible that there's huge chance for them to win compare to their opponent.

But somehow for those people who want to take the risk its a "high risk,high reward" for them.

We also need to see that game to know if there's a chance for us to win even if we bet on underdog since if we just bet randomly without knowing that there's lacking players which give them more disadvantage then provably that we will end up a total loser with that choices.

TheUltraElite

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Betting against the public would be betting on the underdog. If your analysis yields that as the possible outcome then by all means go with it. Underdogs sometimes win and allow their backing betters to make good profits but this is like giving out a bet of 10x win with a low chance of winning. You have to accept that risk or losing it all having the higher chance.

Ultimately it is just a question of your analysis and what you are comfortable betting with.

Slow death

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In my case, I have always had a rule:" do not put feelings into it when I analyze games, do not bet on a game just because it is the favorite or people think it will win ". When I look at a game, I don't take seriously the odds I see for each team. I prefer to analyze both teams in a scenario where both teams have a 50% - 50% chance of winning. After I finish my analysis, I choose the team that I consider to have the best chance of winning. I have seen people who only bet on the favorite or the underdog. But I wonder if these people have really managed to achieve success in sports betting by doing this. OP, are you betting against the public? If your answer is yes, are you making a profit in the long term?

Gozie51

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Quote from: Ziskinberg on October 28, 2024, 10:28:05 PM

But what if we don’t bet against ourselves? Can we still find success in sports betting?

What do you really mean by betting against ourselves? Of course betting can be P2P or you bet on the casino or gambling house but whichever kind of betting we involve in, the aim is to have a win on our side and be successful. So both kind of gambling guarantees success only when you bet and take the right decision to it. Do your analysis, stake reasonably and expect good results but good result or success does not come easily and everytime. So you also need to be patient to achieve your gambling goal.

Sanitough

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Quote from: mindrust on October 29, 2024, 04:00:01 AM

That saying often works in stocks trading. I don’t think we can associate it with gambling in general. The majority of the traders usually be on the wrong side of every trade. That’s how the rich get even richer while the poor get even poorer. It is because the rich have all the tools which enables them to see who owns what. That’s why they almost never make wrong trades. You could even say the game is rigged. It probably happens sometimes in sports betting too but I don’t think it happens as often as it happens in trading.

Sorry....But I can’t quite connect how this relates to trading, or if it does at all, but probably not most of the time. If we use the Bitcoin market as an example, the public sentiment right now is that the market is in a bullish phase, and the price is still rising. However, that doesn’t really connect to sports betting, which is based on individual games or actions.

For instance, if there’s a team on a winning streak and most of their wins are by double digits, and then they have a game where they’re favored by -2.5, the public sentiment is likely to be, “We’ll take that -2.5.” It seems like easy money since they’ve been winning comfortably, but in reality, once the game is over, that team with the -2.5 spread could end up experiencing their first loss.

Bookies know how to trap the public; they set the -2.5 line based on the stats they analyze against the opposing team. However, since the public focuses more on the past successes, they often overlook that the other team is also strong. As a result, the spread gets overvalued due to public sentiment.

Wexnident

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Quote from: Ziskinberg on October 28, 2024, 10:28:05 PM

~

Why would you ever consider the public before the team themselves? I also wouldn't say it's a "rule" in the first place that bettors should uphold. It just means that the judgement you'd be making is still 100% dependent on the team, not on who's the favorite or not. If your analysis ends up voting for the underdog, then go for it. Higher possible profits for you then. Doesn't mean you should deny bets that result in you betting on the favorites though.

And idk what success you want in gambling really, it's gambling. I don't think you'd ever see someone go from broke to rich in this scene. Maybe 1% of us, but for the majority? It's a place where you both lose and earn money almost equally.

mindrust

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That saying often works in stocks trading. I don’t think we can associate it with gambling in general. The majority of the traders usually be on the wrong side of every trade. That’s how the rich get even richer while the poor get even poorer. It is because the rich have all the tools which enables them to see who owns what. That’s why they almost never make wrong trades. You could even say the game is rigged. It probably happens sometimes in sports betting too but I don’t think it happens as often as it happens in trading.

bakasabo

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I would say that betting against public, or favorite, or popular selection is the only way to win a huge amount. Sports betting history is full of cases when underdog create upsets and people multiply their bets several times. When it comes about sports betting, I prefer either to bet on a team I support, or if two unknown to me teams or athletes compete, bet on a underdog. It makes watching event more interesting, if my bet wins, the reward will be really good. I see it as following: risk factor exist in every bet. So instead of betting on something low odds, I would go with something with +2.00 odd instead.

Z390

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Quote from: Ziskinberg on October 28, 2024, 10:28:05 PM

The public here mainly consists of bettors who tend to bet on the favorites, whether it’s point spread or moneyline. Most suggestions we see online emphasize that to be considered a smart bettor, you should bet against the public. But what if we don’t bet against ourselves? Can we still find success in sports betting?

When we talk about success, it should be viewed as a long-term process. Some of us may not see ourselves betting long-term, which makes it hard for them to relate to this concept. If someone is just betting for fun, they likely won’t be well-versed in the terminology of sports betting, as their interest is quite limited. In contrast, those who genuinely want to win will study the sports betting market and seek ways to succeed, even if the chances are slim.

This is gambling, if you really want to win it is better to put that energy into something that have higher chances of bringing you good results, do you know why I choose fun over winning money?

1. It doesn't matter what you study about gambling or what you think you know you can easily get wrecked because of gambling, losses is far more sure than winning.

2. Football is fun already, since I want to feel the thrill of the matches it is not a must to use money and place bet, this makes the experience even better.

It is not a must to gamble simply because you want to make money, the thrill from the games are more than enough, and if you feel like making money isn't bad maybe because you are certain about the game then risk very little, still there is a high chance that you will lose.

For many people that creates topic like this, I've always wondered if they will keep doing so if they hit the jackpot already, I bet they won't have time for this forum.

laijsica

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I think sports betting is more popular in the world and people prefer to bet on their favorite team. However, gamblers may be more motivated to place their bets in favor of the stronger team because their main objective is to win. If someone participates in betting for entertainment, he will participate in betting against his favorite team because he respects his favorite team a lot and is a blind fan. You may come under a lot of pressure when you want to express your opinion against a larger public, but if you are fair, you will win.

Sports betting can often be held collectively among different groups of people but if you are outnumbered alone, you should make the next decision on a case by case basis. The tendency to gamble for fun can be ideal for a gambler and he is more likely to become addicted.

mu_enrico

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I think in the long run, people who consistently bet on better risk vs return (good odds) will end up in profit. It doesn't matter whether you bet on the favorite or the underdog. But yeah the problem is to determine whether or not the odd is worth it as it will take a great amount of analysis and expertise. Even if you are an expert in analyzing odds & matches, there will be a luck factor as well. This issue is why I don't like to bet on sports since you need to consider the odds and the match itself, which is too much effort for a pastime activity.

Oluwa-btc

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Quote from: Ziskinberg on October 28, 2024, 10:28:05 PM

The public here mainly consists of bettors who tend to bet on the favorites, whether it’s point spread or moneyline. Most suggestions we see online emphasize that to be considered a smart bettor, you should bet against the public. But what if we don’t bet against ourselves? Can we still find success in sports betting?

Being able to bet against the public is not something one should take as crucial because basically the chances of winning are usually slim aside making use of analytics or any strategies and you saying success should be viewed as long term, do you think it's as easy as you think and what does betting for fun have to do with not been versed in sports betting. Let me make this straight it's all for fun sports betting and the rest of it and the fact that some make money out of it doesn't signifies it should be necessarily built for what you take it to be.

bering

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The public mean the favourite which mean when public called the particular team as the favourite usually those teams is very strong and almost be certain to be the winner of every matches and if there is any people has attempts to bets against the public usually they will received high odds for each bets because betting at underdog team has high odd then automatically the winning percentages for each bets also will be very small and to bets on this option very often the chances is below to 50% so this might be not a good way to gets steady profit from sport betting especially for long term and for me personally betting on the favourite teams is always be my main option for sport betting and i won't bets against them unless those favourite teams facing storm injury or decline performance then probably i will bets against them

Hatchy

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Quote from: Ziskinberg on October 28, 2024, 10:28:05 PM

If someone is just betting for fun, they likely won’t be well-versed in the terminology of sports betting, as their interest is quite limited. In contrast, those who genuinely want to win will study the sports betting market and seek ways to succeed, even if the chances are slim.

It doesn't matter if you want to bet against the public or not. It's actually more wiser to follow the data not because someone or my the public speaks mor of the team. If you know very well that they aren't having good or better statistics in the past games then it will be better to follow your own idea about the games. For me I prefer better for fun as it isn't a long term thing. You can't always expect all your bets to have good out comes especially if we are still considering it to be a game of luck. We just have to familiarize ourselves with the games or sport we mostly bet on then know most of the teams , their strength and weaknesses. this will help us know what to bet on and who to..

satscraper

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Quote from: Ziskinberg on October 28, 2024, 10:28:05 PM

The public here mainly consists of bettors who tend to bet on the favorites, whether it’s point spread or moneyline. Most suggestions we see online emphasize that to be considered a smart bettor, you should bet against the public. But what if we don’t bet against ourselves? Can we still find success in sports betting?

When we talk about success, it should be viewed as a long-term process. Some of us may not see ourselves betting long-term, which makes it hard for them to relate to this concept. If someone is just betting for fun, they likely won’t be well-versed in the terminology of sports betting, as their interest is quite limited. In contrast, those who genuinely want to win will study the sports betting market and seek ways to succeed, even if the chances are slim.

Everyone hopes to be successful bettor and tries (I hope) various approaches. I have tried many times the betting against myself ^{(by setting contra bets on different sites largely for various ball games like football, basketball etc.. )} but had found it hard to figure out which one of my opposed betting was on the running thus I met such tactic with a little success. But betting against public.. this a different story for me. ^{(I win more than often in this case)}.

michellee

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When you wants to betting, you should depends on yourself although you can search for what opinion from public. But still you need to have your own decision from analyzing the info that you get before. But if you gamble because of having fun, you don't have to be serious and only betting for the match that you know both team and you also know which team that can win.

A pro gamblers will search for many information from many sources so they can have more data to analyze including public opinion. But they don't just to follow what others said as that can not always right. They will try to analyze based on their skill and the info so they will pick the team that they think the team can win.

lovesmayfamilis

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Betting against the crowd is, of course, risky, but the odds will always be high. To understand this, you need good knowledge, which includes careful preparatory analysis, reading the news, and whether there is a fake background. However, people who play against a person often bet on the obvious outcome of a match when a famous team is playing—a grand, without analyzing what form it is in. A good analysis should consist of finding out where so much news noise comes from and whether there is someone who can benefit from this noise. But constantly betting against the crowd is probably not the right strategy, since sometimes the crowd can bet in the right direction, and only your experience and intuition should tell you at what specific moment you need to play against.

Oshosondy

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Quote from: Ziskinberg on October 28, 2024, 10:28:05 PM

But what if we don’t bet against ourselves?

This does not mean anything because the exact bet most people take can result to losses. If you bet against what they take, it might be a lost instead. Betting is a game of chance.

Quote from: Ziskinberg on October 28, 2024, 10:28:05 PM

Can we still find success in sports betting?

The best answer for this is no if you think of making money solely from gambling. The chance that can happen is very low but possible. The possibility which is very small and make bettors to be vulnerable to losses.

Quote from: Ziskinberg on October 28, 2024, 10:28:05 PM

When we talk about success, it should be viewed as a long-term process.

Just like I meant, do not think you can be successful from betting. It is dangerous the way you are thinking about it.

Ziskinberg

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Quote from: retreat on October 29, 2024, 01:30:15 AM

Most people may tend to gamble following the public, but there are also those who gamble based on their own beliefs or rely on their luck against the public - and I am that type. Because in my opinion when someone bets it should be based on what they believe, not what other people say. I'm not saying that someone doesn't need to see what the public is betting on, but don't rely too much on it, just make it a reference, and bet based on what we believe, because even if we lose at least we lose with our own analysis and we can use it as a lesson to bet better in the future.

The concept of betting against the public means betting against the majority. If you’re part of that majority, then someone is betting against you. Betting experts encourage this strategy because the public often makes poor decisions based on emotion rather than analytical thinking. This can create opportunities for savvy bettors who are willing to go against the crowd.

mammusu

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Betting against the public can indeed be an effective strategy and even it is very necessary to at least get a bigger return or win, but I think we also have to be realistic and not always have to go against the public if the odds of winning actually look more inclined to the public choice, so I think we have to analyze and take an informed and planned approach so that we can Deciding the decision that we will take is to fight or join the public, going against the public will of course be easier but we don't have to fight ourselves because it will usually cause turmoil of doubt in making the right decision and ultimately tend to make us pessimistic about the bets we make.

Topic: Don't bet against the public? - page 18. (Read 3723 times)