Media and Gambling, How does it work? - page 4.

Jody.Drummer

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Quote from: Akbarkoe on October 05, 2024, 06:19:24 PM

Maybe this could be possible but I think it is indeed difficult to describe if it is only limited to public speculation in the media, such as engineered news that is deliberately made to influence some gamblers to bet on what is written but this is less logical.
Maybe because I gamble never see the media or news outside as a reference why I should gamble on certain bets that are widely discussed.
But if you look at the psychology of players who prioritize news that is hype in the media, they will definitely be affected.

What do you mean by gambling advertising?
There are many casinos currently in circulation, of course they will carry out advertising whose aim is to make many people interested in the casino and visit to place bets and behind this there is a profit intention which is their main goal. Casinos will do their best for the development of their own casinos by utilizing media. This is one way to develop the casinos they own, so it is not strange if they spread news or advertisements.
I myself am the same as you with gambling but I never look at the media or the news that is spread, occasionally I often see it but I don't care about it so I just pass it by because I already know that what they do is just a marketing strategy, not the truth. completely saying that it is easy to win or something else is just a mere perspective.Besides that, I think there are already many people who are influenced by the news in the media about gambling that is spreading and experiencing its impact.

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Quote from: VicManton on August 05, 2024, 02:48:09 PM

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 know truely if public perception or media narratives do influence betting odds but I know for sure that some odd do changes several times before match Start. Sometimes an odd may initially be 1.80 but 2 to 5hours to the match it will either increase to 1.85 or reduce to 1.70 but I don't know the reasons to that. Who knows it may be certainly for some reason maybe your sudgested which is media.

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Quote from: Saint-loup on October 05, 2024, 04:55:00 PM

I don't think they do it very much, otherwise people could exploit it and bet on the underdogs to easily get value

The final determinant is from the bookmaker they gives there evaluations towards odds issuing but most they also rely on the public opinion or general overview on a specific percentage of people giving much priority to a particular team or events, just as the above poster uses the us election to sight an example.

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Quote from: Weawant on October 05, 2024, 05:38:37 PM

Quote from: VicManton on August 05, 2024, 02:48:09 PM

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?

Speculative assumptions definitely gets a way off affecting the betting odds because that psychology is what the bookmakers study and influence their odds that helps them to create that edge ahead of their customers that later gets them having more gamblers loosing and them making profits so it does have an effect even if it may not be portrayed to be obvious but it really does as psychology build up from statistical data can influence both odds and gamblers decisions.

Maybe this could be possible but I think it is indeed difficult to describe if it is only limited to public speculation in the media, such as engineered news that is deliberately made to influence some gamblers to bet on what is written but this is less logical.
Maybe because I gamble never see the media or news outside as a reference why I should gamble on certain bets that are widely discussed.
But if you look at the psychology of players who prioritize news that is hype in the media, they will definitely be affected.

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Quote from: VicManton on August 05, 2024, 02:48:09 PM

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?

Speculative assumptions definitely gets a way off affecting the betting odds because that psychology is what the bookmakers study and influence their odds that helps them to create that edge ahead of their customers that later gets them having more gamblers loosing and them making profits so it does have an effect even if it may not be portrayed to be obvious but it really does as psychology build up from statistical data can influence both odds and gamblers decisions.

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Quote from: Fortify on October 05, 2024, 03:54:46 PM

Betting companies are using advanced statistical analysis, based on facts and historical patterns with all sorts of inputs, but opinions of media pundits is unlikely to be one of them. Meaning that "media narratives" are worthless bits of information and indistinguishable from filler content that provides little value to serious analysis. You can almost find an opposing viewpoint on any player/team/strategy out there, so it is not going to provide much value in analyzing this information. Gambling companies don't find much value at all in the rambling of various bloggers or newspaper writers who are simply trying to fill quotas to keep their jobs.

I think one good example is the Harris and Trump election battle. The media are bringing up what's the sentiment of the people.

And with that, I've seen the changes in the odds because of that when the sentiments have changed from here and there. So, there's a little impact to it but it's true that they can also be meaningless at times.

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I don't think they do it very much, otherwise people could exploit it and bet on the underdogs to easily get some value and being able to make profits in the long run by following this strategy. In addition they are in competition with other sportsbooks, so if they show lower odds for known teams and players, people will go on other sportsbooks with more interesting odds to place their bets.

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Quote from: Dr.Bitcoin_Strange on October 05, 2024, 11:55:05 AM

Quote from: Jaycoinz on October 05, 2024, 11:40:52 AM

The media plays a very huge role in gambling, sports betting to be precise, gamblers can get informations about a certain games from the media about a particular player or perhaps a change that was made in the formation of a club before the match starts, this can make a gambler change or readjust his selections. Bookmakers also pay attention to the media as well, that's why there are always changes in odds in most cases before a match is about to start. As a gamber that's into sports betting you must pay attention to the media in order to get key informations that might help you in your predictions.

That's correct, in sports betting and prediction, information is the key. If one is not following up on the current information, they can’t make the right prediction but when theirs some little changes and adjustments, if they are not following up, they can miss out and end up losing their bet, when they would have prevented it from happening if they had been aware of it.

I also agree with you guys on this, but on the aspect of gamblers relaying on media in order to be undated about match information, for the bookmakers, I don't completely think they relay on the media as they also have their own access to the type of information those media personnel's have; in fact, most of the time, I do believe they can influence the type of news some media can broadcast in order to change the mindset that some gamblers will have on a particular game.

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Quote from: VicManton on August 05, 2024, 02:48:09 PM

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 have found out that watching shows about soccer games before and after the games can give you valuable insights as where to bet and after the games have ended the review shows which take a deep comment on the games can help you identify where you made the mistake. I often listen to football experts like in Skysports shows both in Sky UK and Sky Italy and what they think about the result of a certain game, usually in Sky UK the host asks the guests like Henry, Carragher and other ex football players of big clubs for a certain event and if I see that for a certain even they all think the same I immediately take note and bet on that game. Don't get me wrong you will not win always and may even hit a lot of lost games yet sometimes you will find the bet they advertised as wins and it is a shame to not take profit from such programs.

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Quote from: VicManton on August 05, 2024, 02:48:09 PM

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?

Betting companies are using advanced statistical analysis, based on facts and historical patterns with all sorts of inputs, but opinions of media pundits is unlikely to be one of them. Meaning that "media narratives" are worthless bits of information and indistinguishable from filler content that provides little value to serious analysis. You can almost find an opposing viewpoint on any player/team/strategy out there, so it is not going to provide much value in analyzing this information. Gambling companies don't find much value at all in the rambling of various bloggers or newspaper writers who are simply trying to fill quotas to keep their jobs.

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Quote from: VicManton on August 05, 2024, 02:48:09 PM

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?

Surely, media reports can really shake things up right before a match and even during or between first and second half. For exemple, if news says that a strong player is sidelined, we will see the odds shift quickly as bettors react to that new info. History between the teams also matters, if one team didnt win against the other in a while but is currently in good form that also can lead to lowing the other team’s odds. These things may create valuable opportunities for bettors who pay attention and follow everything.
In crypto casinos, these odds might differ slightly from one platform to another, so it’s important checking multiple platforms for the best value. moreover, sometimes the hype around a favorite team can inflate their odds beyond what their actual chances are. By doing your researches and staying updated on media narratives, you can dind and catch these discrepancies and find good bets.

Overall, I believe understanding how public perception influences betting can give you a significant opportunities in your winning strategy.

junder

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Quote from: Jaycoinz on October 05, 2024, 11:40:52 AM

The media plays a very huge role in gambling, sports betting to be precise, gamblers can get informations about a certain games from the media about a particular player or perhaps a change that was made in the formation of a club before the match starts, this can make a gambler change or readjust his selections. Bookmakers also pay attention to the media as well, that's why there are always changes in odds in most cases before a match is about to start. As a gamber that's into sports betting you must pay attention to the media in order to get key informations that might help you in your predictions.

It is true that today the media has a big influence on everything, one of which is gambling or sports betting as you said. For people who are interested in making sports bets, of course, with the increasingly sophisticated media, it can help them to get deeper information so that they can be more confident with the bets they will make. I think many people who make sports bets of course rely on the latest information and news in the media.
Apart from that, today's media also helps many things, although there are certainly more positive sides, but there are also negative sides where there are always crimes committed by taking advantage of this increasingly developing media, I admit that the development of the media has a big influence, but that doesn't mean we can't be too comfortable, we still have to be careful in accessing it because crimes can happen. Therefore, prevention is better than cure.

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Quote from: Assface16678 on August 05, 2024, 05:11:54 PM

Right now media is the biggest platform where gambling could be introduced and to influence many people, many people in streaming community are starting to transition into gambling streams which is we cant blame them because they are also working and for sure the amount of money those gambling sites offer is too hard to resist, thats why many people are being speculated in those streamers that is choosing to change into gambling streams from their usual gaming streams and thats how media or social media influence people into gambling.

Traditional media, once untouchable, now finds itself forced to compete with new competitors, but they are not TV stations, they are small channels on Youtube (that's how they start). One of these examples that I saw in practice was during the broadcast of World Cup games, most of which i watched via streaming.

The only thing that traditional media can achieve is drastic changes in a club before the match, such as evaluating the performance of some players, which can influence them positively or negatively, affecting their performance in the match. The construction of favoritism for a club or a specific player (sometimes even exaggerating).

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Quote from: Dr.Bitcoin_Strange on October 05, 2024, 11:55:05 AM

Quote from: Jaycoinz on October 05, 2024, 11:40:52 AM

The media plays a very huge role in gambling, sports betting to be precise, gamblers can get informations about a certain games from the media about a particular player or perhaps a change that was made in the formation of a club before the match starts, this can make a gambler change or readjust his selections. Bookmakers also pay attention to the media as well, that's why there are always changes in odds in most cases before a match is about to start. As a gamber that's into sports betting you must pay attention to the media in order to get key informations that might help you in your predictions.

That's correct, in sports betting and prediction, information is the key. If one is not following up on the current information, they can make the right prediction but when theirs some little changes and adjustments, if they are not following up, they can miss out and end up losing their bet, when they would have prevented it from happening if they had been aware of it.

Agreed, the media always has a role in sports betting, it's also not just about the readiness of the player and or whether or not the player is good to play in the related match, but sometimes gamblers also forget when there is an interesting match to bet on. In this case, gamblers can find out a lot of things through the media, so the media and gambling will always be related but it seems to be only about sports gambling. Because after all, gambling on sports is not about us considering the house like in casino gambling, because in sports gambling of course gamblers need a lot of information and or updates that occur about players and teams before the match starts.

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Quote from: Jaycoinz on October 05, 2024, 11:40:52 AM

The media plays a very huge role in gambling, sports betting to be precise, gamblers can get informations about a certain games from the media about a particular player or perhaps a change that was made in the formation of a club before the match starts, this can make a gambler change or readjust his selections. Bookmakers also pay attention to the media as well, that's why there are always changes in odds in most cases before a match is about to start. As a gamber that's into sports betting you must pay attention to the media in order to get key informations that might help you in your predictions.

Indeed the media helps someone to get information related to the team or players who will compete. it really helps gamblers prepare their bets. I also did some searches before deciding on a bet. see updates related to several players who cannot play due to card accumulation or injury. but we have to choose the right media for us to trust. sometimes people write and share information that they add or develop their own stories to make the published news get high enthusiasm from fans. because sometimes more rumors are published than facts on the field.

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Quote from: danherbias07 on October 05, 2024, 12:04:40 PM

Quote from: Jawhead999 on August 10, 2024, 09:08:30 AM

They do influence betting odds in indirect way.

The odds changing because people are betting, the more people bet, the lower the odds. Since there are many people that bet by relying on medias or popular people prediction, so it will make them to bet based on what the medias saying.

It's really uncommon to see the medias and odds goes opposites.

Yes that's the right answer for that.

Since all this media has nothing left to do but scatter news that may be true or not, it can affect the odds that are input in gambling sites. Why? Because somehow they can still persuade gamblers who are following their news and predictions and they will probably follow their picks too.
I am not against it because ever since the internet was created, it made news from newspapers out of a job and they have to adopt to what is happening so they will either accept facts or create rumors to keep the business running. Is it bad? Yes, for innocent people who doesn't even follow the game but for those who have knowledge about it, they just ignore it.
IMO, it will all depend on us, the news will keep on creating this fake or truth news but we have our own choices to make and we don't have to rely with their picks.

What hinders out on trying to check out some news on which it could be something that be false or something that fake on and this is really that indeed common or rampant
here on crypto space. As for the talks about getting those kind of influence in regarding about on the bets that you are making then it will really be that normal that there would be things that could hinder you out
on taking up a pick because of what you had read up. We do have our own will on trying out to make out some decisions whether you are really that basically sticking into your initial plans or
you would really be acting out accordingly into the things that you've been that dealing into. There would really be those moments that you would really be that skeptical.

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Quote from: Jawhead999 on August 10, 2024, 09:08:30 AM

They do influence betting odds in indirect way.

The odds changing because people are betting, the more people bet, the lower the odds. Since there are many people that bet by relying on medias or popular people prediction, so it will make them to bet based on what the medias saying.

It's really uncommon to see the medias and odds goes opposites.

Yes that's the right answer for that.

Since all this media has nothing left to do but scatter news that may be true or not, it can affect the odds that are input in gambling sites. Why? Because somehow they can still persuade gamblers who are following their news and predictions and they will probably follow their picks too.
I am not against it because ever since the internet was created, it made news from newspapers out of a job and they have to adopt to what is happening so they will either accept facts or create rumors to keep the business running. Is it bad? Yes, for innocent people who doesn't even follow the game but for those who have knowledge about it, they just ignore it.
IMO, it will all depend on us, the news will keep on creating this fake or truth news but we have our own choices to make and we don't have to rely with their picks.

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Quote from: Jaycoinz on October 05, 2024, 11:40:52 AM

The media plays a very huge role in gambling, sports betting to be precise, gamblers can get informations about a certain games from the media about a particular player or perhaps a change that was made in the formation of a club before the match starts, this can make a gambler change or readjust his selections. Bookmakers also pay attention to the media as well, that's why there are always changes in odds in most cases before a match is about to start. As a gamber that's into sports betting you must pay attention to the media in order to get key informations that might help you in your predictions.

That's correct, in sports betting and prediction, information is the key. If one is not following up on the current information, they can make the right prediction but when theirs some little changes and adjustments, if they are not following up, they can miss out and end up losing their bet, when they would have prevented it from happening if they had been aware of it.

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The media plays a very huge role in gambling, sports betting to be precise, gamblers can get informations about a certain games from the media about a particular player or perhaps a change that was made in the formation of a club before the match starts, this can make a gambler change or readjust his selections. Bookmakers also pay attention to the media as well, that's why there are always changes in odds in most cases before a match is about to start. As a gamber that's into sports betting you must pay attention to the media in order to get key informations that might help you in your predictions.

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Quote from: VicManton on August 05, 2024, 02:48:09 PM

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?

- In my understanding, the media has a strong influence on people and is believed by most people, especially if they do not have internet access in their area. And the media can always manipulate the minds of their viewers with the wrong information.

And even if they tell the truth, the information is not 100% complete because they also change and add other stories to their news, while gambling is more about promotion.

Topic: Media and Gambling, How does it work? - page 4. (Read 1663 times)