Everything we must know about ODDs in sports betting :)

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Quote from: micher143 on March 02, 2019, 08:42:16 PM

Quote from: ricardobs on February 19, 2019, 02:37:34 AM

Like myself, I guess many gamblers here are getting confused on properly understanding about what is odds and what its significance in deciding profit levels. (I guess on the event of loss, there will be no need of odds as there will be only zero payments, right ?).

I just checked on wikipedia and found this:

Quote from: https://en.wikipedia.org/wiki/Odds#Gambling_odds_versus_probabilities

In gambling, the odds on display do not represent the true chances (as imagined by the bookmaker) that the event will or will not occur, but are the amount that the bookmaker will pay out on a winning bet, together with the required stake.

I am just a dice gambler (precisely, I am a gambler only after adopting cryptos) and now want to extend my gambling into sports betting too. I have tried few dart and cricket betting and made profits too as per my friend's guidelines and honestly at those times I never bothered about what was odds. But, now I want to be independent sports better hence want to learn about odds.

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

It will be easy to predict on who will be the winning team in sports betting if you do really know every team in the sports you designate to bet on. It will be risky if you will just believe on hearsays by other people because you will be the one who must know on how the performance of the playing team goes on based on their past game performance that is why you need to be a great fan of sports so you can totally know not just the team statistics but as well the capability of every players on the team to fight back against the opponent team to better have a good conclusion on who will win the game not just barely based on prediction but also because you do know where you have entrusted your bets on. That is what I have known about sports betting but have not yet tried into playing because I am just contented playint into an online casino which is a lot more convenient for me, and also I can enjoy variety of games they have plus the bonus reward for doing my first deposit on it.

That's right. There is no trick on winning in sports bet because you just have to know better the playing teams in the court or in the field and you must be knowledgeable with the rules as well so that while waiting for the results to come out, you will enjoy yourself watching for the both teams playing especially to the team where you have placed your bet in which you are analyzing their performance for the next game to come. Well, it is fun to watch sports on a live event but it is sometimes tiring and I guess that online casino you were saying is a lot more convenient to play those variety of games you were up to, interesting.

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Quote from: ricardobs on February 19, 2019, 02:37:34 AM

Like myself, I guess many gamblers here are getting confused on properly understanding about what is odds and what its significance in deciding profit levels. (I guess on the event of loss, there will be no need of odds as there will be only zero payments, right ?).

I just checked on wikipedia and found this:

Quote from: https://en.wikipedia.org/wiki/Odds#Gambling_odds_versus_probabilities

In gambling, the odds on display do not represent the true chances (as imagined by the bookmaker) that the event will or will not occur, but are the amount that the bookmaker will pay out on a winning bet, together with the required stake.

I am just a dice gambler (precisely, I am a gambler only after adopting cryptos) and now want to extend my gambling into sports betting too. I have tried few dart and cricket betting and made profits too as per my friend's guidelines and honestly at those times I never bothered about what was odds. But, now I want to be independent sports better hence want to learn about odds.

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

if people will just predict it is a 50-50 gambling chance but if people will look some information regarding the teams then the advantage is on its side, unless the competitors are battling using an advantage like home court advantage in basketball, when it comes to other sports betting like tennis it is anybody's game also on the soccer sports betting no one can predict it nicely even underdog has a high chance of winning in that kind of game.

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Quote from: ricardobs on February 19, 2019, 02:37:34 AM

Like myself, I guess many gamblers here are getting confused on properly understanding about what is odds and what its significance in deciding profit levels. (I guess on the event of loss, there will be no need of odds as there will be only zero payments, right ?).

I just checked on wikipedia and found this:

Quote from: https://en.wikipedia.org/wiki/Odds#Gambling_odds_versus_probabilities

In gambling, the odds on display do not represent the true chances (as imagined by the bookmaker) that the event will or will not occur, but are the amount that the bookmaker will pay out on a winning bet, together with the required stake.

I am just a dice gambler (precisely, I am a gambler only after adopting cryptos) and now want to extend my gambling into sports betting too. I have tried few dart and cricket betting and made profits too as per my friend's guidelines and honestly at those times I never bothered about what was odds. But, now I want to be independent sports better hence want to learn about odds.

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

It will be easy to predict on who will be the winning team in sports betting if you do really know every team in the sports you designate to bet on. It will be risky if you will just believe on hearsays by other people because you will be the one who must know on how the performance of the playing team goes on based on their past game performance that is why you need to be a great fan of sports so you can totally know not just the team statistics but as well the capability of every players on the team to fight back against the opponent team to better have a good conclusion on who will win the game not just barely based on prediction but also because you do know where you have entrusted your bets on. That is what I have known about sports betting but have not yet tried into playing because I am just contented playint into an online casino which is a lot more convenient for me, and also I can enjoy variety of games they have plus the bonus reward for doing my first deposit on it.

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Quote from: shield132 on February 25, 2019, 06:45:38 PM

High/small adds have link between team's win/loss possibility when top team plays against weak opponent. But at the same time odds are very misleading when there is math between top teams.
On another hand casinos lie on odds of teams/matches which 99% of people don't know and haven't heared. Once I caught three 10x odd in one ticket, yeah it's 1000x and had 1$ bet. I had no idea on that teams and only was looking for some teams that had 10x odd.

That's what you called a strategy or manipulating the result but if you are a professional gambler you should way up ahead of them and they can't fool you no matter what they do. As long as you have the information needed nothing can beat you except yourself.

Idrisu

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Thank you op for explaining this to us because I was thinking that odd to Mean the probability of winning against lossing! However, after go through this thread I now have a new ideas about what an odd is. I really appreciate that.

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Quote from: MakeMoneyBtc on February 20, 2019, 11:47:27 PM

Quote from: ricardobs on February 19, 2019, 02:37:34 AM

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

Even though when you bet on sports you have hundreds of different combinations to play like goals, corners, fouls, players and a lot of other bets, I think you can still make profit only from betting on the winning team. But you have a big disadvantage here and that because you cannot bet on every match since there will be times when you will find matches like Atletico-Juventus last night and here the right bet would have been on goals or corners, while many people have probably bet on Juventus. But still, if you are careful enough and choose the right matches and know how to analyze them you can make profit.

With the increasing trend of online gambling there are a lot of gambling sites available who care provide you opportunities to play gambling on so many match at a time. For example today if there are 3 international matches, while two league match, so you have the facility to play bet on any match you want. You can even plat multi bets on different matches. Even in a single match you have hundreds of opportunities to place your bet on different events.

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Quote from: goaldigger on February 25, 2019, 05:41:12 PM

Yes we can determine the odds of every game but i guess it dorsnt affect the mindset of the gambler. Even thats a million odds vs. A hundred, still people wanted to bet in it.

the reason why gamblers determine the odds of a certain game is because they wont risk thier cash playing it if they found out that the odds were too high enough for that game . odds really affect the mindset of a gambler . in my case i love to play games with a lower odds .

Quote from: goaldigger on February 25, 2019, 05:41:12 PM

Greater odds sometimes have many better mostly. If you are lucky enough, even those who are seems impossible wil be possible to you.

this is true . greater odds like lottery do have many bettors than compare to lower odd type of games and whats more better is that the prize pool for higher odd games are also huge but the only problem is that winning them might be nearly impossible . you are more likely to harm your self than winning on these kind of games .

shield132

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High/small adds have link between team's win/loss possibility when top team plays against weak opponent. But at the same time odds are very misleading when there is math between top teams.
On another hand casinos lie on odds of teams/matches which 99% of people don't know and haven't heared. Once I caught three 10x odd in one ticket, yeah it's 1000x and had 1$ bet. I had no idea on that teams and only was looking for some teams that had 10x odd.

goaldigger

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Yes we can determine the odds of every game but i guess it dorsnt affect the mindset of the gambler. Even thats a million odds vs. A hundred, still people wanted to bet in it. Greater odds sometimes have many better mostly. If you are lucky enough, even those who are seems impossible wil be possible to you.

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Quote from: playboy654 on February 24, 2019, 02:36:41 PM

Quote from: Ucy on February 22, 2019, 06:10:17 AM

Quote from: leonair on February 19, 2019, 08:31:38 AM

I prefer gambling in sports more than dice though because besides it's entertaining, you use to analyze real events that will also make you think rather than just rolling random numbers. If you are so hooked into a specific sports then it would really help you a lot as passion will kick in.

I play parlay most of the time and chooses teams win high percentage of winning rate even though it has less multiplier.

This is a reasonable explanation!
I sometimes wonder why sports betting is seen as gambling. There really could be skilful people who could make accurate sports predictions. If this is the case then it doesn't qualify as gambling in my opinion. Betting is more appropriate word. .

yes gambling is different from betting in something because we have some knowledge about something while we are getting is called as not gambling the perfect word will definitely be betting and we can use our skills and that but in gambling we not use the skills but only being supported by the luck.

Betting is a one kind of gambling. Whenever there is a speculation in anything, it comes under gambling. You predict something for risk and reward and it is called betting. People use gambling and betting interchangeably and there is no harm in it.

arco-yabamba

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Quote from: Natalim on February 21, 2019, 12:29:34 AM

Welcome mate, if you love sports I'm sure you will appreciate sports betting.
Thanks for sharing anyway but that is just a basic terms and even gambler who are into sports needs to understand that.
I would like to add some Sports Betting Terms: A Glossary For Sports Bettors.

Nice link, especially for US betting.

This is also useful, more UK based including betting exchange terminology:
https://betting.exchange/glossary/

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Quote from: Ucy on February 22, 2019, 06:10:17 AM

Quote from: leonair on February 19, 2019, 08:31:38 AM

I prefer gambling in sports more than dice though because besides it's entertaining, you use to analyze real events that will also make you think rather than just rolling random numbers. If you are so hooked into a specific sports then it would really help you a lot as passion will kick in.

I play parlay most of the time and chooses teams win high percentage of winning rate even though it has less multiplier.

This is a reasonable explanation!
I sometimes wonder why sports betting is seen as gambling. There really could be skilful people who could make accurate sports predictions. If this is the case then it doesn't qualify as gambling in my opinion. Betting is more appropriate word. .

Are you for real? Sports betting is gambling because you can lose all your money if like the OP has quoted the event does not occur.What's the difference between betting on heads or tails in a coin toss and betting on 3 goals for one team in a football match? It can happen or it can not happen and if it doesn't your money is gone. Isn't that the definition of gambling?

playboy654

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Quote from: Ucy on February 22, 2019, 06:10:17 AM

Quote from: leonair on February 19, 2019, 08:31:38 AM

I prefer gambling in sports more than dice though because besides it's entertaining, you use to analyze real events that will also make you think rather than just rolling random numbers. If you are so hooked into a specific sports then it would really help you a lot as passion will kick in.

I play parlay most of the time and chooses teams win high percentage of winning rate even though it has less multiplier.

This is a reasonable explanation!
I sometimes wonder why sports betting is seen as gambling. There really could be skilful people who could make accurate sports predictions. If this is the case then it doesn't qualify as gambling in my opinion. Betting is more appropriate word. .

yes gambling is different from betting in something because we have some knowledge about something while we are getting is called as not gambling the perfect word will definitely be betting and we can use our skills and that but in gambling we not use the skills but only being supported by the luck.

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Quote from: ricardobs on February 19, 2019, 02:37:34 AM

Quote from: https://en.wikipedia.org/wiki/Odds#Gambling_odds_versus_probabilities

In gambling, the odds on display do not represent the true chances (as imagined by the bookmaker) that the event will or will not occur, but are the amount that the bookmaker will pay out on a winning bet, together with the required stake.

now I want to be independent sports better hence want to learn about odds.

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

While in dice or roulette there are exact mathematical odds of winning, especially if you play online and thus don't have to take into account how perfect the dice are or whether the table it not slightly leaning towards one side. When it comes to sports betting, the odds are calculated approximately by experts taking into account various factors like the strength of the teams as well as on what people are likely to bet:

Quote from: https://www.goal.com/en/news/3049/ask-the-bookie/2010/04/24/1892417/ask-the-bookie-how-are-betting-odds-created

There are a team of people employed by any bookmaker, usually referred to as Traders, Risk Analysts or Odds Compilers. Their job is to produce odds that closely represent the chance of an occurrence.

Any skill-based game has to do with only approximate odds, but at the same time it's this proximity that leaves space for regular winnings.

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Gambling in sport betting is surely more fun than in dice. The problem is , here no ones mention the impact the referee can have on the game. Since we are talking about sports betting in specific people must be aware of the fact that no matter how much you analyze the facts , we still lose sometime to odds of 1.15 and the referee has impacted the game.

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Quote from: Natalim on February 21, 2019, 12:29:34 AM

Quote from: ricardobs on February 19, 2019, 02:37:34 AM

~snip

Welcome mate, if you love sports I'm sure you will appreciate sports betting.
Thanks for sharing anyway but that is just a basic terms and even gambler who are into sports needs to understand that.
I would like to add some Sports Betting Terms: A Glossary For Sports Bettors.

Very nice you have mentioned valuable information about sports betting no doubt. I think that a person can really get too much valuable information from this link. I think that in very beginning when a person join a online gambling site, he need to be too much careful. He should start betting with extremely low amount of money. It will surely give him opportunity to learn about the rules and regulation of an online gambling site. Slowly when he get experience, he can increase his betting amount.

Ucy

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Quote from: leonair on February 19, 2019, 08:31:38 AM

I prefer gambling in sports more than dice though because besides it's entertaining, you use to analyze real events that will also make you think rather than just rolling random numbers. If you are so hooked into a specific sports then it would really help you a lot as passion will kick in.

I play parlay most of the time and chooses teams win high percentage of winning rate even though it has less multiplier.

This is a reasonable explanation!
I sometimes wonder why sports betting is seen as gambling. There really could be skilful people who could make accurate sports predictions. If this is the case then it doesn't qualify as gambling in my opinion. Betting is more appropriate word. .

Natalim

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Quote from: ricardobs on February 19, 2019, 02:37:34 AM

~snip

Welcome mate, if you love sports I'm sure you will appreciate sports betting.
Thanks for sharing anyway but that is just a basic terms and even gambler who are into sports needs to understand that.
I would like to add some Sports Betting Terms: A Glossary For Sports Bettors.

MakeMoneyBtc

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Quote from: ricardobs on February 19, 2019, 02:37:34 AM

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

Even though when you bet on sports you have hundreds of different combinations to play like goals, corners, fouls, players and a lot of other bets, I think you can still make profit only from betting on the winning team. But you have a big disadvantage here and that because you cannot bet on every match since there will be times when you will find matches like Atletico-Juventus last night and here the right bet would have been on goals or corners, while many people have probably bet on Juventus. But still, if you are careful enough and choose the right matches and know how to analyze them you can make profit.

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Quote from: ricardobs on February 19, 2019, 02:37:34 AM

Like myself, I guess many gamblers here are getting confused on properly understanding about what is odds and what its significance in deciding profit levels. (I guess on the event of loss, there will be no need of odds as there will be only zero payments, right ?).

I just checked on wikipedia and found this:

Quote from: https://en.wikipedia.org/wiki/Odds#Gambling_odds_versus_probabilities

In gambling, the odds on display do not represent the true chances (as imagined by the bookmaker) that the event will or will not occur, but are the amount that the bookmaker will pay out on a winning bet, together with the required stake.

I am just a dice gambler (precisely, I am a gambler only after adopting cryptos) and now want to extend my gambling into sports betting too. I have tried few dart and cricket betting and made profits too as per my friend's guidelines and honestly at those times I never bothered about what was odds. But, now I want to be independent sports better hence want to learn about odds.

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

Initially while getting into sports betting don't complicate yourself too much. We have got lot of much simple platform accepting cryptocurrency to do sports betting. The odds is the probability of the outcome. This varies according to the teams engaged in the game. If both the teams were equal you'll get equal probability, upon which you can find the multiplier providing almost similar winning.

If one is big and the opponent is not that strong to win, the odds can be seen. In the multiplier getting varied with the strongest having small percentage of multiplier on the betting value and the small team gets big multiplier. This too varies while we are in live betting.

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Quote from: sheenshane on February 20, 2019, 06:45:42 AM

I think this odds means that you have to bet your money to be the last one in the spot of the stake. What I meant was you have to speculate or predict that your bet it will be the latest stake for the gambling platform to pay-out and for you to be able to win the game. Of course, the gambling platforms were created to generate profit not to give free amounts of money to the players. In order for them to pay out, they have to at least gain their desired profit first.

This doesn't make sense on sports betting because if you bet late or near starting time what always happen is you get the worst odds possible. You could wait for live betting to get higher odds but it rarely happens against favorites. Sportsbook will always gain something from winning and losing bets because they put the juice (or house edge in casinos) on both sides. Depending on the sportsbook sometimes they put all the juice on the favorites and you'll notice it when you compare the odds of each sportsbook.

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Quote from: omonuyak on February 19, 2019, 01:37:42 PM

I prefer football betting to any other betting because it is easy to predict the teams that will win than gaming or dice. I strongly believe that the odd is always in favor of football gamblers.

Football is a kind of sport game so yes i do agree with you . sport games have popular team and players where you can easily pick and with the higher chance to win the game .

Quote

I strongly believe that the odd is always in favor of football gamblers.

Not just football but also on other sports based gambling . odds of winning are much higher with them .

Keep in mind that Sports based gambling is still gambling so dont expect to win at all times . luck still needed on here aside from good analysis .

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Quote from: ricardobs on February 19, 2019, 02:37:34 AM

Like myself, I guess many gamblers here are getting confused on properly understanding about what is odds and what its significance in deciding profit levels. (I guess on the event of loss, there will be no need of odds as there will be only zero payments, right ?).

I just checked on wikipedia and found this:

Quote from: https://en.wikipedia.org/wiki/Odds#Gambling_odds_versus_probabilities

In gambling, the odds on display do not represent the true chances (as imagined by the bookmaker) that the event will or will not occur, but are the amount that the bookmaker will pay out on a winning bet, together with the required stake.

I am just a dice gambler (precisely, I am a gambler only after adopting cryptos) and now want to extend my gambling into sports betting too. I have tried few dart and cricket betting and made profits too as per my friend's guidelines and honestly at those times I never bothered about what was odds. But, now I want to be independent sports better hence want to learn about odds.

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

after entering into the field of gambling we need to learn all about that so it can be very helpful for getting some technique and strategies without any other help so when betting on sports are prediction we need to know about all the things properly.

sheenshane

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I think this odds means that you have to bet your money to be the last one in the spot of the stake. What I meant was you have to speculate or predict that your bet it will be the latest stake for the gambling platform to pay-out and for you to be able to win the game. Of course, the gambling platforms were created to generate profit not to give free amounts of money to the players. In order for them to pay out, they have to at least gain their desired profit first.

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Quote from: ricardobs on February 19, 2019, 02:37:34 AM

Like myself, I guess many gamblers here are getting confused on properly understanding about what is odds and what its significance in deciding profit levels. (I guess on the event of loss, there will be no need of odds as there will be only zero payments, right ?).

I just checked on wikipedia and found this:

Quote from: https://en.wikipedia.org/wiki/Odds#Gambling_odds_versus_probabilities

In gambling, the odds on display do not represent the true chances (as imagined by the bookmaker) that the event will or will not occur, but are the amount that the bookmaker will pay out on a winning bet, together with the required stake.

I am just a dice gambler (precisely, I am a gambler only after adopting cryptos) and now want to extend my gambling into sports betting too. I have tried few dart and cricket betting and made profits too as per my friend's guidelines and honestly at those times I never bothered about what was odds. But, now I want to be independent sports better hence want to learn about odds.

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

If you really want to know about ODDs in sports betting and how it works, I recommend you to read the below articles. These are long in size so take time to read and understand. You would not have any further questions after reading these,

Betting Odds Explained – A Beginner’s Guide to Gambling:
https://mybettingsites.co.uk/learn/betting-odds-explained/

Your Ultimate Guide to Online Sports Betting Odds:
https://www.onlinegambling.com/sports/betting-odds-guide/?abt=1014-1

These two articles are enough to understand everything about ODDs in gambling so that you won't have to look elsewhere. Hope this helps!

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Quote from: ricardobs on February 19, 2019, 02:37:34 AM

Like myself, I guess many gamblers here are getting confused on properly understanding about what is odds and what its significance in deciding profit levels. (I guess on the event of loss, there will be no need of odds as there will be only zero payments, right ?).

I just checked on wikipedia and found this:

Quote from: https://en.wikipedia.org/wiki/Odds#Gambling_odds_versus_probabilities

In gambling, the odds on display do not represent the true chances (as imagined by the bookmaker) that the event will or will not occur, but are the amount that the bookmaker will pay out on a winning bet, together with the required stake.

I am just a dice gambler (precisely, I am a gambler only after adopting cryptos) and now want to extend my gambling into sports betting too. I have tried few dart and cricket betting and made profits too as per my friend's guidelines and honestly at those times I never bothered about what was odds. But, now I want to be independent sports better hence want to learn about odds.

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

I prefer football betting to any other betting because it is easy to predict the teams that will win than gaming or dice. I strongly believe that the odd is always in favor of football gamblers.

ralle14

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Quote from: panjul07 on February 19, 2019, 11:09:51 AM

Quote from: ricardobs on February 19, 2019, 02:37:34 AM

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

You may skip the odds but you may not make significant profit as when predicting the winning team looks so easy then the odds will be so low. The main point of looking the odds is that to give you more opportunity what is to bet on. If you are referring to soccer matches, once it come a match between a big team versus low team then most gambler will try to find other odds instead of bet on the winning team because of the low odds.

The bookmakers mostly know how big or small the odds are for each team becuase they're using tons of information(stats,injuries,insider stuff, etc) which we also use to predict the winner of a match. The only time they make mistakes is when a team or player doesn't have much recent matches or no head to head history against their upcoming opponents.

Skipping the odds or not getting influenced on what the bookmaker gives does makes us more profit by reducing our losses and look for matches that have valuable odds.

BitBustah

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Quote from: leonair on February 19, 2019, 08:31:38 AM

I prefer gambling in sports more than dice though because besides it's entertaining, you use to analyze real events that will also make you think rather than just rolling random numbers. If you are so hooked into a specific sports then it would really help you a lot as passion will kick in.

I play parlay most of the time and chooses teams win high percentage of winning rate even though it has less multiplier.

I do both but sports betting is something you can enjoy with your friends. It can be very emotional though since games last a long time and often go down to the last minute of play. I usually prefer to bet on the underdog for my bets. Grin

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Odds in sports betting is a way better to earn than depending on completely luck based casino. With casinos even on developing strategy it isn't assured about the winning. With sports betting better we analyze the event better will be the chances of winning in the event. On some events it is easily predictable about the end result by the starting of the match.

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Quote from: ricardobs on February 19, 2019, 02:37:34 AM

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

You may skip the odds but you may not make significant profit as when predicting the winning team looks so easy then the odds will be so low. The main point of looking the odds is that to give you more opportunity what is to bet on. If you are referring to soccer matches, once it come a match between a big team versus low team then most gambler will try to find other odds instead of bet on the winning team because of the low odds.

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I really think that gamblers are not confused with what is odd is because they choose to gamble and they surely know what it is, I really think the people you are trying to point out here is all people that are not gamblers, Well I really think the distinction for us to say what is the odds with the following bets will be in both parties that you are making a bet on, Well I am a gambler as well and started because I want my cryptocurrency to grow, Well I really think sports betting is one of the platforms in gambling that has greater odds than the rest of other platforms.

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Quote from: ricardobs on February 19, 2019, 02:37:34 AM

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

It is enough and you cant really say that you will skip that odds because in each bet you would surely base on those numbers.You will able to see on whose the favorite and whose the underdog and with that
you will able to make some analysis on which team you would prefer to bet. Favorites aren't guaranteed teams to win anytime.

leonair

sr. member

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I prefer gambling in sports more than dice though because besides it's entertaining, you use to analyze real events that will also make you think rather than just rolling random numbers. If you are so hooked into a specific sports then it would really help you a lot as passion will kick in.

I play parlay most of the time and chooses teams win high percentage of winning rate even though it has less multiplier.

ethereumhunter

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Leading Crypto Sports Betting & Casino Platform

If you can collect much information about each team, you will find how bigger the odds for the team to win the match. The better you can find out about the information about every team, and it will give you a bigger chance to win. And don't forget that luck factor still plays a role although it is only small luck. So you need to search for more information if you want to win because that will be the another key factor besides the luck itself.

MiguelCryptoss

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In gambling the only way to set a hole and entrap many greedy individuals called gamblers or bettors is simply setting the odd higher than the chances of winning the game. Greediness is the cause of loose in gambling likewise in sport betting.

Am a good bettor but always be careful of higher odds from the betting sites because that's what they used to get the attentions of their customers. Though not categorically saying that, higher odd are bad but most likely to be trap for bettors or gamblers.

mersal

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Quote from: ricardobs on February 19, 2019, 02:37:34 AM

Like myself, I guess many gamblers here are getting confused on properly understanding about what is odds and what its significance in deciding profit levels. (I guess on the event of loss, there will be no need of odds as there will be only zero payments, right ?).

I just checked on wikipedia and found this:

Quote from: https://en.wikipedia.org/wiki/Odds#Gambling_odds_versus_probabilities

In gambling, the odds on display do not represent the true chances (as imagined by the bookmaker) that the event will or will not occur, but are the amount that the bookmaker will pay out on a winning bet, together with the required stake.

I am just a dice gambler (precisely, I am a gambler only after adopting cryptos) and now want to extend my gambling into sports betting too. I have tried few dart and cricket betting and made profits too as per my friend's guidelines and honestly at those times I never bothered about what was odds. But, now I want to be independent sports better hence want to learn about odds.

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

in this situation we have to decide what we are doing and what is the next think that we have to do in gambling it will be more difficult and despair to understand what is going on here so it will be more difficult than we expect.

ricardobs

hero member

Activity: 1204

Merit: 505

Like myself, I guess many gamblers here are getting confused on properly understanding about what is odds and what its significance in deciding profit levels. (I guess on the event of loss, there will be no need of odds as there will be only zero payments, right ?).

I just checked on wikipedia and found this:

Quote from: https://en.wikipedia.org/wiki/Odds#Gambling_odds_versus_probabilities

In gambling, the odds on display do not represent the true chances (as imagined by the bookmaker) that the event will or will not occur, but are the amount that the bookmaker will pay out on a winning bet, together with the required stake.

I am just a dice gambler (precisely, I am a gambler only after adopting cryptos) and now want to extend my gambling into sports betting too. I have tried few dart and cricket betting and made profits too as per my friend's guidelines and honestly at those times I never bothered about what was odds. But, now I want to be independent sports better hence want to learn about odds.

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

Topic: Everything we must know about ODDs in sports betting :) (Read 421 times)