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Topic: Media and Gambling, How does it work? - page 4. (Read 1015 times)

hero member
Activity: 798
Merit: 509
Leading Crypto Sports Betting & Casino Platform
August 08, 2024, 11:32:15 AM
#51
Public perception are not likely to affect betting odds. The betting sites have professionals that they use to set the odds in a way the matches will not favour most of the bettors. That is just it. What that might change the odd is if one or more good players that the club wants to use is/are not selected for the match. This is the reason I prefer to bet some hours to a match.
As it regards the influence on odds and how casinos probably gets to place odds on games it's one which I cannot really ascertain how well but I know that somehow at some point public opinions has got a really huge effect on the way the public do place their bets on games, some times, getting to a casino, you get to see that some group and set of people get to discuss and talk about the games and what their expectations on such games are and you see that in a very huge way, it affects the perception of ohe gamblers and what their sentiments are on such game but with the casinos it's really different.
hero member
Activity: 2142
Merit: 594
August 08, 2024, 11:18:49 AM
#50
How often do public perceptions and media narratives influence betting odds in ongoing leagues, and how can bettors exploit these discrepancies to find value bets?
I don't think it will have much of an impact on everyone who wants to bet, especially since we know that in a league there are also weak teams and also quite strong teams so that the bookmakers themselves will definitely make the odds different for each match. So you don't have to rely entirely on public perception and media narratives if you want to bet on an ongoing league. But try to make your own choices and even if you lose because of your own choices, at least there is no one to blame for it.
Of course it will not affect because public perception is very random and who speaks to the public is not an expert in the field, only based on taste and knowledge, so I also think public perception will not affect the odds on gambling.

Thus, the bookie must have an analyst who is always used, whether it is an expert or a computer system as an assessor who is dedicated to making a conclusion on fan matches providing odds according to what they find in their assessment results not in public perception, even though it is widely discussed.
legendary
Activity: 2128
Merit: 1775
August 08, 2024, 10:33:47 AM
#49
How often do public perceptions and media narratives influence betting odds in ongoing leagues,
There is not much influence from Perception and Narrative carried out by the media, what's more the betting is taking place, both understandings are taken based on events or stories that have occurred in gambling or in a sports game, The gambling information provided is based on objective experience and is carried out in accordance with the results of the match.

and how can bettors exploit these discrepancies to find value bets?
The benefits and differences that can be taken by users, of course based on the final result of the match, that's where the differences can be taken to determine the value of future bets. This club has a good chance and that club has a bad chance or is not worth it.
copper member
Activity: 2870
Merit: 1279
https://linktr.ee/crwthopia
August 08, 2024, 09:18:39 AM
#48
I imagine this as a producer where you show some incredible scenes of a team that people may accept and then go bet on that underdog team. Play scenes on how they show the team a good life and then make it seem that the underdog can win.

If that is the case, I don’t think it is that much because people will only go and if they have Accounts gambling sites but for people who just see it on media, they may not be active in gambling or something. The people exposed it might not be gamblers. So, I don’t think it has an effect.
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
August 08, 2024, 08:53:56 AM
#47
How often do public perceptions and media narratives influence betting odds in ongoing leagues, and how can bettors exploit these discrepancies to find value bets?
I don't think it will have much of an impact on everyone who wants to bet, especially since we know that in a league there are also weak teams and also quite strong teams so that the bookmakers themselves will definitely make the odds different for each match. So you don't have to rely entirely on public perception and media narratives if you want to bet on an ongoing league. But try to make your own choices and even if you lose because of your own choices, at least there is no one to blame for it.
newbie
Activity: 11
Merit: 0
August 08, 2024, 08:02:35 AM
#46
How often do public perceptions and media narratives influence betting odds in ongoing leagues, and how can bettors exploit these discrepancies to find value bets?


I don't think that casinos will increase their odds because of the developed media. These are large companies that know how to build a system that is profitable for them, and I don't think they need to raise the odds.
legendary
Activity: 2450
Merit: 1209
August 08, 2024, 07:10:13 AM
#45
The opinion of the media is generally very difficult to use in calculating odds. I think that bookmakers do not focus on the media, or focus on it indirectly. Rather, the media is a kind of indicator. On the one hand, we understand that media materials can be commissioned and reflect the point of view of the customer of these materials. On the other hand, media material can reflect a widespread opinion in society or the point of view of the author. Let's say we are expecting a fight between two titled boxers. And most media begin to think that boxer X is playing, and boxer Y will lose... How can this be used in betting? Honestly, I don't know.

But media has helped to create lots of popular athletes. If someone invests a large amount of money and create a rumor that Julien_Olynpic is the most precise shooter in the world, wont it slightly increase your odds and chances to win? Like media has created hype around Turkish shooter Yusuf Dikec, and now he is everywhere. And the next time he participated in competition, he will be give much more attention, and possibly better odds.
legendary
Activity: 2562
Merit: 3477
August 07, 2024, 10:51:53 PM
#44
The opinion of the media is generally very difficult to use in calculating odds. I think that bookmakers do not focus on the media, or focus on it indirectly. Rather, the media is a kind of indicator. On the one hand, we understand that media materials can be commissioned and reflect the point of view of the customer of these materials. On the other hand, media material can reflect a widespread opinion in society or the point of view of the author. Let's say we are expecting a fight between two titled boxers. And most media begin to think that boxer X is playing, and boxer Y will lose... How can this be used in betting? Honestly, I don't know.
hero member
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https://www.betcoin.ag
August 07, 2024, 01:26:22 PM
#43

How often do public perceptions and media narratives influence betting odds in ongoing leagues, and how can bettors exploit these discrepancies to find value bets?

When a team is crowd's favorite and bookmakers also consider rooting for the fave team, yes it influences odds and bettors. That's why when it's hyped by the media, it's often also going to win. There must be magic behind this thing as the favorite team does its best to impress fans and the non-favorite team is discouraged by the people's reaction.

Social Media have no influence on the odds of games and just like the first comment said the gambling site set the odds and as a matter of practice odds settings have become a global general thing, both for cryptocurrency casino's and on fiat casinos the odds are almost the same.

How about if we look on the situation as following:

I have noticed, that every time Olympic games run or there is a World championship, in media we see a lot of supporting articles, pictures, videos, also billboards, ads and etc, that call to support your team or country. For the clothes manufacturers and sellers, it means there will be a demand on merchandise, so they pump prices. Some category of people support their country or team by placing a bet on its win. If the casino see that people start to place a lot of bets on one team (even if it is not a favorite), dont you think they would reconsider odds?

Not what they intend to do but they don't care if there are lots of bets for that team. The odds always changes when the team makes points but not to the number of bets.

legendary
Activity: 1792
Merit: 1296
Crypto Casino and Sportsbook
August 07, 2024, 12:34:18 PM
#42
How often do public perceptions and media narratives influence betting odds in ongoing leagues,
These public opinions and media reports influence with a factor of 1 to 2 (50%)? Smiley That is, they are either accurate or - wrong.

and how can bettors exploit these discrepancies to find value bets?
I believe it is a search for discrepancies between the real coefficient and the one erroneously formed by public opinion or the media.
sr. member
Activity: 1064
Merit: 389
Duelbits
August 07, 2024, 12:23:48 PM
#41
In ongoing leagues, public perception and media narratives tend to influence betting odds. When a winning streak or significant loss is highly publicized, the betting odds may be skewed as a result. This creates a situation in which sports bettors can exploit by seeking out independent statistical data rather than relying solely on reports from the media. One can also identify true betting value by watching odds movement and taking advantage of public overreaction. Another way to find bets that offer the best value is through the use of sentiment analysis tools and having multiple betting accounts to compare odds with. This allows one to use the influence of media and public perception to find more profitable opportunities, all while being on sharp side value bets.
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
August 07, 2024, 12:12:49 PM
#40
The media is everywhere, but the truth gets lost a lot of the time. The way the media tells stories changes how people think, which has a direct effect on betting chances. Have you ever thought about why the odds change so much after a big story? There's no chance in that, man; it's psychology. People are naturally drawn to stories, and the media take full advantage of this. Smart punters should know about this game

Break down the story: what's the media's point of view? Who gets what? What will the people do? That's the only way to find the good bets that everyone else will miss. Don't just believe the hype; think about how it makes you feel. Emotions like fear, greed, and hope move the gaming markets. You can guess how the market will move if you can guess how people will feel

It's not just about winning bets; it's also about knowing how people act. It's about being able to see through the crap and use how the media works to your advantage. It's a cruel game, but the knowledge you gain is worth more than the money you win if you play it right
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
August 07, 2024, 08:36:48 AM
#39
How often do public perceptions and media narratives influence betting odds in ongoing leagues, and how can bettors exploit these discrepancies to find value bets?


They are giving influence to the decisions of the bettors, but this never works entirely, sometimes we also use our guts. Besides, the winning bet doesn't depend on what has been spread on social media or the opinion of the crowd; it still depends on the actual event unless there is, as we call it, manipulation of the results. 

But we can't deny that so many instances of those teams have been a hot topic in social media wins. If you are a smart gambler, you will certainly be thinking of putting bets on them rather than on the underdog. 
sr. member
Activity: 434
Merit: 226
August 07, 2024, 07:53:37 AM
#38
How often do public perceptions and media narratives influence betting odds in ongoing leagues, and how can bettors exploit these discrepancies to find value bets?
The only ideal that I am aware about that influences betting odds is determined by the the capacities of both teams such as giving higher odds to the underdogs because gambling is usually that the higher the risks is higher the odds and the lower the risks is the lower the odds.

Betting odds can also be influenced based on the range of time by which the game is to Kickstart.
hero member
Activity: 658
Merit: 524
Leading Crypto Sports Betting & Casino Platform
August 07, 2024, 07:51:41 AM
#37
Just like the first comment already stated, the perception of the public, including social media, doesn't have any relationship with altering the odds of a game after it has already been designated by the casino. The opinion of the public about a particular game can only influence the decision of the gamblers who are going to stake in the game, but I don't think the casino allows it to affect their odds. Every casino usually has some professionals that can choose the odds, and those professionals don't decide the odds through the public and social media. perception. 
hero member
Activity: 2632
Merit: 626
August 07, 2024, 05:53:52 AM
#36
How often do public perceptions and media narratives influence betting odds in ongoing leagues, and how can bettors exploit these discrepancies to find value bets?


If you talk about the odds, it is not what the media analysis from various platforms come up with or say that determines the odds that the websites will stake for games. It is a different thing entirely with odds and analysis, the websites or bookmakers don't rely on what media say or analyze because they are also aware of such information that determines odds like team strength (previous and current), players readiness, injuries of players, cards, away or home, general psychology including for players and fans etc. So these are what bookmakers look at and if those are analysed on media houses, it may not be of very high significance to determine what the odds will be. In fact, most of the odds to games have already been set before some media analysis of those matches.
full member
Activity: 630
Merit: 165
August 07, 2024, 04:11:40 AM
#35
How often do public perceptions and media narratives influence betting odds in ongoing leagues, and how can bettors exploit these discrepancies to find value bets?
Some type of prediction pool where for instance in a competition, viewers are asked by the media to pick among some options a candidate or team that they think will do well then most, and then make this results public, that is public perception and it can influence betting websites in their betting odds.

Asking how often this can happen? I think majorly in big competitions.
legendary
Activity: 2450
Merit: 1209
August 07, 2024, 03:56:50 AM
#34
Social Media have no influence on the odds of games and just like the first comment said the gambling site set the odds and as a matter of practice odds settings have become a global general thing, both for cryptocurrency casino's and on fiat casinos the odds are almost the same.

How about if we look on the situation as following:

I have noticed, that every time Olympic games run or there is a World championship, in media we see a lot of supporting articles, pictures, videos, also billboards, ads and etc, that call to support your team or country. For the clothes manufacturers and sellers, it means there will be a demand on merchandise, so they pump prices. Some category of people support their country or team by placing a bet on its win. If the casino see that people start to place a lot of bets on one team (even if it is not a favorite), dont you think they would reconsider odds?
hero member
Activity: 1106
Merit: 786
August 07, 2024, 03:47:06 AM
#33
This is true but not entirely club performance in a season affect their betting odds like we could see with Girona last season, if Fulham where actually in top EPL and Man united 10th place the odd against each team when they faces each other will depend if this is just beginning of the season where this is obviously highly possible or mid season or season ending where if Man united ought to be having low odds of winning like 1.8 it may shift to 2+ and Fulham might just be having a odd of wining like 2.05 at most I guess depending on their performance on the point they are topping the league which might even make theirs go lower than the 2. Here I bet injuries updates will have a better influence on the match than past meetings.
Nope, having better performance and position aren't enough to make team become favorite.

You're saying that Girona become favorite against big teams in the last season, you're wrong.

The match took place in Girona's home and Girona was better than Barcelona, but look at the odds, Barcelona is still become favorite. Barcelona was having bad season since they can't beat Rayo Vallecano and lost against Shakhtar Donetsk.

hero member
Activity: 826
Merit: 481
August 07, 2024, 03:25:25 AM
#32

You can't expect fairness from the odds of gambling sites, they're into business to make money and whatever they plot will be to the advantages of the house. Gamblers are left with no choice but to depend on luck to win.

Media perception and influences are just speculations because nobody is sure that their predictions will be accurate, it's all guess works. The important thing for every gambler to note is that the final decision of their bets have to be what they really want because it's their money.
May be you should reread the my comment and the comments of others who follow the pattern of this discussion because as far as I can notice your comment was entirely off and should corrected.

First I don't expect or say that there should be fairness in odds on various casino's because I know very well that odds are set by the game's provider's and not the casino itself, so there can't be fairness expectations from the casino,.


What I meant in my comment is the uniformity of odds that is odds are almost same accross all casino's, so talking about casino's giving a special odds may be alittle out of context.

Lastly you are right on your statement about social media influence on gambling, which basically have no influence on the casinos but just mind game on those that follows such Media hypes who are the social media users that allows such Media speculations to effects they betting patterns in some situations.
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