High odds or low odds, which do you prefer? - page 2.

Kasabus

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Quote from: Oshosondy on June 14, 2022, 03:20:14 AM

Let us assume that high odds start from 1.5 and above while low odds starts from 1.2 and below.

I specifically like football gambling. When I started to gamble, I go for high odds, but I was not that experienced and I lost a lot. I gained experience but I preferred to gamble on low odds. Only what this led me to is to play more and I noticed losses too. This is just a means someone can also become addicted because low odds will only want you to accumulate and bet more. If you bet more frequently than usual, regardless of the odd, be it high or low, loss is inevitable, it is guaranteed.

I play less often unlike before, I reduced the money I am using to bet, emotions gone and I win than before. How about you people, are you high odd punter or low odd. Can you also tell us your experience? At you losing or you make profit from the odds you are taking?

Regardless if it’s high odds or low odds, it does not change the fact that we are still gambling and that losses will always be inevitable. However, the odds will depend also on what game I gamble. I mostly bet on high odds in sports betting game like basketball since I know it quite well so the chance to win is quite high. But in some games like slots or dice, I only bet for low odds since I have less control on them.

karabiber

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I am a firm believer that gambling is addictive. That's why I avoid high rates that involve risks. Thus i take care to protect my brain and mental health. Because the higher the risk, the higher the return. If you win money on a risky bet, you are more likely to go bankrupt on your next bet. Betting step by step and with small odds is better for my mental health.

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Quote from: Oshosondy on June 14, 2022, 03:20:14 AM

I play less often unlike before, I reduced the money I am using to bet, emotions gone and I win than before. How about you people, are you high odd punter or low odd. Can you also tell us your experience? At you losing or you make profit from the odds you are taking?

Regardless of the odds, I don't have any specific odds to choose but rather I'm seeing how match will goes. Since the goal is to win, it should be based on how we look at the match no matter what the odds for this. Of course, different story if we are talking about 1.2 or 1.3 as that's really low to me even the goal is to win.

I also like to consider betting on high odds if I really see the match will be favored my analysis, predictions and speculations or sometimes I just like to bet on it and challenge my luck. High odds are really tempting especially if we have a knowledge on that match.

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Quote from: Peanutswar on June 17, 2022, 09:12:33 AM

Lower odds mostly are the safe bet in a match because the number of wage to their team in the gambling platform also if the match is good between the both professional competitors it is ideal to take a risk too because they are both good and hard to make a decision but also the gamblers can skip this too because again it is more riskier to choose between those teams.

Lower odds and safety in betting have nothing in common. Compliance with risk management can extend the life of your deposit, but a low rate will not do this. You can bet your entire deposit at a odds 1.05 and lost, or you can split it and bet no more than 1-3% of the deposit, and thereby get the opportunity to make many bets with a more favorable odd, say about 2. And look at the distance, can you can make money on bets, or not.

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Lower odds give a lot more safety and thats why you can win much easier on them. Higher odds give big payout and can be a really nice jackpot for someone if they win it. This depends on what the player likes and how to bet . If he wants to risk it he will go for higher odd

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Quote from: Solosanz on June 16, 2022, 02:29:53 AM

I didn't bet based on which is the favorite (low odds) or which is the underdog (high odds), but I bet based on my analysis and how's their performance in the past. There's a chance the underdog will win, I've seen so many sports have an upset. So, if you bet on low odds, you will not always win.

Lower odds mostly are the safe bet in a match because the number of wage to their team in the gambling platform also if the match is good between the both professional competitors it is ideal to take a risk too because they are both good and hard to make a decision but also the gamblers can skip this too because again it is more riskier to choose between those teams.

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Quote from: slaman29 on June 17, 2022, 01:52:37 AM

Sports is a different matter, much harder to look at gambler wagering samples, in a lifetime a sports betting for me maybe hits thousands of bets, while dice I probably played half a billion bets lol.

Although many people think that dice is a game that doesn't make sense because it only relies on luck, I think many people also like it. Another game that may be the same is slots, so dice and slots are two popular games that are most liked by gamblers in general.

It's true that sports betting is a different matter, but it seems like it would be more realistic and fun to have a good experience in this game. The probability level in sports betting is much better in my opinion compared to slots and dice but these are my assumptions which may differ from yours.

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Quote from: masulum on June 16, 2022, 09:32:28 AM

Quote from: slaman29 on June 16, 2022, 04:09:59 AM

Would be good to see the study, but favorites and underdogs can be determined by 1.8 and 2.2 odds, as well as 1.1 and 12.0 odds.

As I mentioned, I don't really understand this, my assumption (not a real study), there must be an analysis, so sorry if maybe my assumption is wrong. In the previous response, it was said that there is an equal average between losing and winning both when betting on the favorite team and the underdog. I'm also curious about that. Of course, I want to read about that study as mentioned by @Boristhecat.

Thank you for the information about the bookies, although I have known gambling for a long time, but not interested about them.

No problem, yeah I was also curious about the study. The numbers always make sense for fixed house edge games like at casinos (although every now and then someone tries to argue that a certain dice or blackjack game or roulette gives worse results at high payouts etc) after you stretch out gambling sample to smooth out variance.

Sports is a different matter, much harder to look at gambler wagering samples, in a lifetime a sports betting for me maybe hits thousands of bets, while dice I probably played half a billion bets lol.

So variance is more apparent in sports I would think.

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Quote from: OgNasty on June 16, 2022, 06:34:39 PM

I would always prefer long odds. Anything can happen, so you can lose with good odds just like you can lose with bad odds. At least one of them makes the payoff worth it though. One should always consider the payout and weigh the risk/reward of any gamble. Personally, if it's about the money I'd rather have a low chance of winning a big stack, rather than a good chance of winning slightly more than my money back.

Really depends on the situation. I'm really an enthusiast of putting a bet on high odds but if I see a certain match that I think I'm 100% sure that it will win, I'm putting a decent amount at stake for at least @1.6 as the low odds I can take. I did before a BTC0.05 on the Dallas Mavericks for @1.6 odds to feel the profits as I'm sure on that bet. It was a winning bet.

There are also other games that I put up some decent amount just to feel the profits at @1.6 odds. Well then, as long as we are good at our strategy and analysis, and that makes our winning percentage better, we just have to stick to our own preferences.

After all, our money, our rules.

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I would always prefer long odds. Anything can happen, so you can lose with good odds just like you can lose with bad odds. At least one of them makes the payoff worth it though. One should always consider the payout and weigh the risk/reward of any gamble. Personally, if it's about the money I'd rather have a low chance of winning a big stack, rather than a good chance of winning slightly more than my money back. Otherwise I'd go invest it (not now obviously as we head into a global recession) in the stock market and enjoy the long term gains.

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High odds on matches in which both the teams are equally strong. Most of the time I prefer to go on live Betting, because it gives access to place bets over 2. If the match doesn't go as planned, it'll help me lower the loss. So, always used to wait for an opportunity to bet above 2. This mostly happens with tennis matches easily compared to other games.

Today I had a plan to follow this during the match between Sri Lanka and Australia. If I've used this method, I could've won good money. Fortunately I went on the odds on Australia.

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Quote from: blockman on June 16, 2022, 05:57:18 PM

Just going with the low odds but if the high odds to bet for is a match that I know that it's something worth it to take a try, I'll do it.
But most of the time, it's better to just go with a higher chance with the lower odds. If not playing for yolo then it's much better to bet safely and you don't have any contest to make just for you to take higher risk and if you know that it's not worth betting for.
Although I'm not scared to go for higher odds, I just want to make sure that I know the match is and it's likely that there's a likely that the one I'll bet for that high odd is likely to win.

betting in high or low odds indeed depend on a particular sports. if your guts is saying this team has very high chance of winning despite being underdog, you can go for it. because the truth is, bookies are not right all the time. there were so many underdogs that came as winners. it means, bookies sometimes don't get the whole picture as well. because we won't know the true caliber of the team or athlete up until when they are inside the ring or arena or field.

blockman

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Just going with the low odds but if the high odds to bet for is a match that I know that it's something worth it to take a try, I'll do it.
But most of the time, it's better to just go with a higher chance with the lower odds. If not playing for yolo then it's much better to bet safely and you don't have any contest to make just for you to take higher risk and if you know that it's not worth betting for.
Although I'm not scared to go for higher odds, I just want to make sure that I know the match is and it's likely that there's a likely that the one I'll bet for that high odd is likely to win.

Oluwa-btc

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I think you're very correct, but I tend to Fvck with both odds according to my mood, the matches, game's and options available.
You should know what's best and what work's for you in betting and take a good shot and utilize them.
I placed a game on cards at the last days of the Netherland division, some five game's ( lost 1 ). The strategy used was taking a good look at the options first, take take a dig at the both club's playing and finally the referee officiating the game. How man cards he gives in a single game? How many he also has given in the last two games prior to that game. It work for me but was unlucky as one of the games got lost. I'll greatly invest in that market next Campaign, I'll share a picture soon ( My eyes are heavy, and don't think I can help but obey my eyes ). Prolly tomorrow.

So I'm conclusion, don't be scared to invest in higher odds, they also do work if your know what you're doing.

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Quote from: LogitechMouse on June 16, 2022, 07:37:59 AM

I can still remember what I'm doing when I'm still gambling.
When I'm gambling, I'm always going YOLO and always betting on the higher odds Cheesy

.

Well, there are some factors that I'm using before betting to a higher odd team (I'm betting on basketball). If I know that the opposing team doesn't have any chance of winning then I will not bet on them but on the other hand, if I see that there is a chance for them to win then I will try to risk and bet with them. My mindset whenever I'm gambling is that "The money that I used in gambling will not come back to me anymore, and I consider it lost money already" and because of that, I'm always emotionless whenever I'm gambling.

Betting with high odds us like using high trading leverage their increase your chances of losing, i know low odds is not a 100% guarantee to winning but at list it is more likely to win than high odds.

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Quote from: Oshosondy on June 14, 2022, 03:20:14 AM

Let us assume that high odds start from 1.5 and above while low odds starts from 1.2 and below.

I specifically like football gambling. When I started to gamble, I go for high odds, but I was not that experienced and I lost a lot. I gained experience but I preferred to gamble on low odds. Only what this led me to is to play more and I noticed losses too. This is just a means someone can also become addicted because low odds will only want you to accumulate and bet more. If you bet more frequently than usual, regardless of the odd, be it high or low, loss is inevitable, it is guaranteed.

I play less often unlike before, I reduced the money I am using to bet, emotions gone and I win than before. How about you people, are you high odd punter or low odd. Can you also tell us your experience? At you losing or you make profit from the odds you are taking?

When I play dice I prefer odds above 100.00, and I prefer high volatility slots where your wins are rare but with higher multipliers. But sports betting is a different thing entirely: bet with higher than 15.00 odds, and you are losing your bet almost surely. But with your definition of low and high odds, I still prefer betting high odds even in sports betting. Most often I win with the odds between 2.00 and 3.00. I tried betting with odds below 1.2 because it's tempting, right? Usually you get such odds for a team you "know" should win. But when it loses, or, which happens more often, it's a draw, and you are still losing your bet, it's so hurtful. It's a pain I don't want to feel anymore.

So, no more bets of 1.2 and below for me.

masulum

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hmph..

Quote from: slaman29 on June 16, 2022, 04:09:59 AM

Would be good to see the study, but favorites and underdogs can be determined by 1.8 and 2.2 odds, as well as 1.1 and 12.0 odds.

As I mentioned, I don't really understand this, my assumption (not a real study), there must be an analysis, so sorry if maybe my assumption is wrong. In the previous response, it was said that there is an equal average between losing and winning both when betting on the favorite team and the underdog. I'm also curious about that. Of course, I want to read about that study as mentioned by @Boristhecat.

Thank you for the information about the bookies, although I have known gambling for a long time, but not interested about them.

virasisog

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Quote

It would be interesting to know your stats if you keep them. How often do you bet and how many of your outsider bets are successful? In all my practice I have only been able to win a few times by betting on an underdog. That's why I don't see the point in betting on high odds. I'd rather earn less, but the probability that I won't lose my money is higher.

We have the same mindset. I have just bet on the underdog a few times but ended up losing. I realized that it's better to gain less that to risk with only a little assurance. Those who bet on high odds usually look for entertainment and satisfaction. They want thrill and excitement and we can't question them for that.

Darker45

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Quote from: Oshosondy on June 16, 2022, 01:38:03 AM

Quote from: Darker45 on June 15, 2022, 08:35:39 PM

~snip~

But have you bet on low odds before, a kind of match people will think it is 100% that a certain team would win, but no match has 100% probability that the strong or the better team would win, it can be drawn or it might be lost, but the probability the match will not favour is very low but can be the what would happen. I too do consider low odds before, I have even gone for 1.02 odds several times before in the past on in-play matches and 1.05 on some prematch staking, but with the look of things and the experience I have, I have changed my mind to only consider high odds, a bet having at least, 1.5 odds.

I have placed many bets with low odds before, although that's not really my thing. I normally consider placing ML bets on very low odds not worth it. It isn't worth the risk; those odds as low as 1.10 and below. Not to mention that you need to place a bigger bet in order to make a small gain. That's why I was attracted to make multi-bets before to make sense on very low odds. But I remember that many of my parlay bets with very low odds lost. And the funny thing is that in a number of them, only one lost and that's the bet with the lowest odds, the one which could be considered as sure win.

I agree with your new strategy. If we do away with analysis and just place bets blindly, I think you'd make more gain placing bets on huge underdogs than on those big favorites.

LogitechMouse

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I can still remember what I'm doing when I'm still gambling.
When I'm gambling, I'm always going YOLO and always betting on the higher odds Cheesy

.

Well, there are some factors that I'm using before betting to a higher odd team (I'm betting on basketball). If I know that the opposing team doesn't have any chance of winning then I will not bet on them but on the other hand, if I see that there is a chance for them to win then I will try to risk and bet with them. My mindset whenever I'm gambling is that "The money that I used in gambling will not come back to me anymore, and I consider it lost money already" and because of that, I'm always emotionless whenever I'm gambling.

Topic: High odds or low odds, which do you prefer? - page 2. (Read 656 times)