Topic: Media and Gambling, How does it work? - page 2. (Read 1677 times)

You are correct and we gamblers without knowing will choose the teams that are getting over hyped by the media. The media has always being a problem because they do not get their facts correct but just do whatever they like. At times they are getting paid to do all the hyping of the players or clubs. When you keep on hearing about a particular team doing so well from the media, you will want to bet on them because you will think that they can not lose but when they play their next game, you will see them lose. The media that I know that are more guilty of this, is the English media, they hype their national team and their clubs too much that you will think they can win trophies when they are faces with other teams from a different league or country but yet they fall short of winning when they meet at finals.

I think you underestimate the power of social media my friend. Cant it create hype around person and bookies would give a bet boost or special bet, no matter if that person or a team is favourite or underdog? (if we talk about sports betting) For example if we take hyped fight between Mike Tyson and Jake Paul. Social media can speculate on shorts video that Mike post and claim that he is still quick and dangerous. Wont it affect odds? People might think that he still has a chance to win. That not a promotion, but a speculation on users perception.

Well I see it as no big deal that the media and gambling has some distinctive feature that aligns the both but generally public perceptions don't have much effectiveness on influencing betting odds in ongoing leagues, rather what they do is making sure viewers get the exact information in regards to the game played. But for media and gambling I think they both have  colliding benefits to each other because when such games are played the media make sure to pass detailed information concerning it thereby making it suitable for bettors to gain access to what they initially want.Tho sometimes you might get a wrong perspective over a game but then media has much influence on betting odds.

Social media has no effect on gambling betting odds but social media can play an important role in gambling promotion. Promotion of social media can shape public perception of league clubs' betting. The more advertisements on social media, the more users will focus on betting on that bet. Here lies the important collaboration between gambling sites and social media. The more promotions, the more users are attracted to gambling betting and the more profit between the two organizations.

You have a point but the "drowning with information" only takes place in the first part of learning the sport. Once you are dealing with it every day, it becomes natural to know things and you will not have to take so much time analyzing games. Sure, it's the hardest part of being a sports bettor but if you win, all those hardships will be gone when you see some profits coming from all the analysis you made to increase your chance to win.

@Text is right, we should be aware of the updates I think I have shared enough injury reports in this forum in different sports so that other members who are gambling won't go to the trouble of looking and it helps me too so that I will remember the status of each team or player.
Even with all that, it's not 100 percent that we win but at least we tried to increase our winning chance and I think that will show when we check our win-loss status.

Do you know what is most important and vital? Not to drown in such a flow of information. You have to pass too much through yourself in order to select a few grains of really necessary information from 90% of the water. You get tired of such a process quite quickly and it takes a lot of time. If you are engaged in betting, then you should be prepared for such a turn of the life scenario.

I remember the moment when I first plunged into this world. Was I too surprised? It is simply nothing to say.

Yeah, that is true.

But these days it is a bit more complex than just what was printed on the news, or shown on TV, because the Internet is filled with many different channels, and many people follow different things.

It's not as simple as it used to be to have an idea of what's the rough sentiment of the population. Now we have way more personalized stuff, maybe since a decade ago or a bit more.

That true but it will never affect the results and also the bookie will only give odds according to what the team has, for example popular team in League will clearly get good chance and the bookie is unlikely to manipulate because it can harm them when the gambler wins.
Bookie is far superior to us gamblers and the bookie is one step ahead so we won't know how the results of match will be even though there are many media that highlight one particular team to be the best.

I personally don't really care about media statements or market narratives on team, the most important thing for me is to be able to see and understand the statistics of each team to determine better predictions, even though the odds are lower but there are many options that can be used to increase the odds and opportunities that the bookie gives us.
Moreover, not all media news and market narratives can really provide statements correctly, we can't rely on all of this because it can set trap for ourselves.

Public perceptions and the media narratives can influence betting odds in ongoing leagues significantly. The teams that are performing well, they usually will attract the media attention. This will in return, increase the betting volume of such matches. The media will usually set the trend and people will bet on the team that is more advertised by the media. This can be manipulated by the bookies as to how they set the odds for such teams.

Not everyone can exploit discrepancies for Value Bets. Still, the insiders at the media outlets will surely have the advantages and they may take bets that have more chances to be successful. This is why it is always said to study the market narratives before betting on any match.

Yes, I think so too, or I mean I feel that public perception does not affect the outcome of the game at all, it is nothing more than speculation that continues to grow to form a belief, but for the issue of results in gambling of course the only thing that can affect is how good or bad a team is when competing, I understand that there are many factors that can affect the outcome of the game but public perception is not included in it.
In fact, public opinion is nothing more than something that can change a person's beliefs and beliefs, especially gamblers, but cannot change or increase the chances of winning, because it is always confidential.

We already know what media can do to gambling and other things. They can gives a fake or real news just to increase their rating by having more audience that believes what they serve is real. They don't think about the real or fake because they only focus to get so much attention from the audience.

That is why we often read many fake news that is unclear and make people panic for something. But the truth is that thing is not like what the media gives so we as an audience needs to be careful when read some news and ensure that by searching for the other news.

Not all medias gives a fake news because some medias will still cares with their audience. So they will work to finds the real information and serve that for their audience.

but you know that the media hypes and talks about certain teams performance isn't one that's just random and void of some information, right? We know that it's not good to allow those information play a greater role in our decision on our bets but you know sometimes those also helps give you a better narrative on what might possibly play out in certain game. Take for instance what's happening to Manchester United, we all know that the talks and series of downgrade all speaks to how bad the team has degenerated and that's going to affect whoever chooses to include them on thier betting list. If you're still positive and ignores these facts that's rampant regarding the teams poor performance, going on to bet on Thier win could lead to a loss in your bet.

Thier are different sources of information from the media and some sources are filled with emotion and false information, those aren't the once to be taken seriously but the ones that are of a legit source should give you an idea and a guide on how to go about certain games.

Even though I know AI can’t possibly make 100% accurate predictions, I can recognize how this can be dangerous to the system as it found its way to cheat the system. Platforms should find a way to identify if a gambler is using AI while betting. But since it is still difficult to identify such things, many would have a chance to take advantage of this.
The more sample group there is, the more you can check historical data for patterns and trends which you can base your conclusions on. It’s not going to be 100% accurate however this can help you in making a more informed decision and even though it might not happen for sure this has higher chances of being right than just betting without knowledge.

That is why new generations search for a place that can give them many news and real. Tiktok and Instagram become a very popular place for them to find more information about the news. They don't search from the website too often because they feels confusing with the news so they better use those two social medias to find the news.

I think people now become smart reacting to the news they read. But unfortunately, people now easily to say many things including bad things openly without filtering. They think that is a freedom to speech in social media but they don't know that they must have responsibility of what they said in the social media.

Casino know  that social media can influence to people to do something so they use that to grow their community and that is one of many ways to have more members. They also give promotios in their social media to attract more attention from their subscriber or new people and that is works.

Offline casino have a different works from online casino because their members come from locally although they have some members from other places. Maybe they don't use social media to promote their casino instead use other things to reach out their new members.

That is right so new generations will not use that as a source of information. They will use the other social media to gather the news and verifying the data. We know the power of those people spreading the news they get and share it to other people and there will be some people who clarify the news is right. Once they found the real info, they will spread it to their account so more people will know what is happen. Gambling and media works together and reach more people to come to the casino because of the promotion. Casino and other business will selective when they want use social media because that is the way for them to grow their business in the internet.

Not only research, but they have some data analysis to do the job of calculating those odds. Also, some are already using AI tool to predict such odds. Bookmakers should be ahead in terms of technology, otherwise, they can easily go bankrupt these days if they are not careful with their operations. As you will also noticed, the odds in different bookmakers are similar. So most definitely, they have done such comparison as well.

Also, with the deployment of data analysis, they can also predict the outcome based on previous history available over the net. This is why, it is also good to read some insights from different prediction sites and gain some information you haven't considered of. It can give you some pointers to think about and weigh your options before finally placing your bet. At least, you have done your analysis and not just betting blindly.

Gambling is a multi million dollar business. Casinos do not generate their odds based on public perceptions, they have an algorithm that determines the probability of wins, draws and losses based on previous data. Casinos are in it to make profit. Public opinions of the outcome of a bet are usually wrong more often than not. This is how the casino make their money. I’d argue that 40percent of sports bettors do not do thorough analysis of the game before placing their bets, some believe in luck, others simply bet on their favorite team to win.

We can't underestimate the influence of the media when it comes to sports bets, they share information and give analysis based on what they know or predict. I think that bettors should take every sporting news and predictions on advisory levels because anything can happen on the field of play. The bookmakers still have the edge over gamblers because they're more experienced than most gamblers. Most times bettors follows media hypes and let it to form their bases for analyzing matches, but in the end luck plays a crucial role in determining the outcome of matches. The media, bookmakers and the gamblers doesn't have influence regarding what really happens in a match, it's the teams chances and abilities that determines outcomes.

The casino site are not sitting any Odds according to the bet amount. they doing their own research and then set a  odd for  every match. If a site sets odds according to customer opinion and customer demand then that site will go bankrupt very quickly.  But one thing to note is that equal amount of odds are offered on every site for every match every time.  Although I'm not sure, I think there is a specific person or organization that every gambling site follows to set the Odd amount.

Cant really be able to deny that when it comes on betting on underdogs could really be giving out that kind of good profits but of course there would really be still
some considerations on which you would really be needing up to look up. You cant just throw up some bets blindly because if we do really think up sensibly that favorites are
really that likely to win but of course there would really be those moments or times that upsets could really be able to happen. As for news and other fundamentals then it cant be denied that this is something
that could really be able to give out some effect in overall decisions that you would be making. As for clues then i dont really believe that much or any other correlated things into it.

It's quite clear that mainstream media has a lot of control on the majority of people.

Even TV is massive today, considering that a lot of people only go online for content.

In reality, the mass produced media likes to keep people under their control, sending whatever messages they want, at whatever prices they want.