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?
Just know the strength of the team you are betting on and stay there. The media companies will always say things that will generate traffic to their sites, they don't mind painting pictures they know is not likely to happen. Just knowing the strength of a team is what matters, their recent forms will go a long way in determining the outcome of each weekend results. The odds will always favour the the club the media consider as the big team, without putting into consideration the injuries to players, their recent form, venue of the match. That's why most times we see small odds winning big odds. But when you check these things out on your own, you are likely to find the right team to win, irrespective of the media perspectives. 
Topic: Media and Gambling, How does it work? - page 5. (Read 1677 times)
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?
Sometimes the perception of the public really does shaping the choices some gamblers make as to their picks about which team win and who doesn't but it still doesn't stop gamblers from making really good picks that are considered better or their choice, beginners or newbies are the ones influenced the most when we talk about public opinions, somehow I think it also Influence the odd the casino places on these games, I don't really know how true but I believe it does even if it's not accurate all the time. legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
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.
This simply means that I was wrong, because I used to believe that casinos at the very beginning will set an odd that is equal for both clubs or team that is about to play, and then as gamblers starts betting, the team or club that is receiving the most bets (that is the favorite of the match) get their odds reduced due to the number of people betting on them to win, which also raises the odd of the opposite side, making the odd more attractive there as well to encourage gamblers to want try their luck there as well.This has always been my believe until now, and this is possibly because I never really witnessed the listing of a new sports match, so as to tell what or how the odds looks at the very beginning.
Anyways, thanks for this information, I think now I know better.
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 it was happening, as you say bettors could exploit such discrepancies, it would be a kind of loophole. So afaik usually bookmakers don't take into account what media say and what is the general perception of the public about the outcomes. Things like that only happen at parimutuel betting(aka pool betting) where odds are calculated from the money bet on the different outcomes. 
Also, advertisment campaigns (done in order to influence the perception of people, so they would bet differently on their favorite sports) can be very expensive and in the end of the day, it may be not worth it.
Are you talking about manipulating the people to choose which one or the gambling houses advertising them to reach wider audience. In the later they don't do any influence regarding which one to go but all they want the people to pick either one of them and most obvious games will be lower odds which doesn't give big loss on the other hand if the underdogs beat the favorites then it's their big time so no matter what they got nothing to lose.
We have a lot of casinos in the industry and all of these casinos have their own specific places that they gets their updates from and to be truthful the medias too also influence the odds because the Media's are what broadcasts the news if any players will play the games or not and from there the casino will decide if they will increase their odds or reduce it.
I think it is necessary because now there is interdependence between the media and also the casino in making decisions after there is certain news from the media. Especially if in a team like football there are players who can make a big impact in the match so that the potential for the team to win can also be quite large so that the casino itself can take the right steps to make a difference in the bets that they will open to the public. So the media and the casino do need each other for their respective purposes.Another example is in political betting, this is a very important data base for making an opportunity, because in an online era like this the more the traffic propularity of a candidate rises, the greater the possibility of getting a win.
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 odds are mostly based on statistics and probably done by something formulated for all the matches because they can't set odds for every ongoing match by any other methods on the other hand the bettors are the one influenced by media and public and chose their bet instead of going with their analysis or merging them together for better results which isn't wrong.
Media can only interfere with odds if somehow mass media is used to convince people to set bets in an specific way, otherwise there is not mathematical algorithm being the calculation of odds which directly involves what ever is being said or done in social media. If it was the case social media had anything to do with the calculation of odds, then every single person who call themselves an influencer would have the potential to turn the tables on their favor, which is not obviosly the case. If anyone wants to influence the betting market, that person needs to move money to achieve it.
Also, advertisment campaigns (done in order to influence the perception of people, so they would bet differently on their favorite sports) can be very expensive and in the end of the day, it may be not worth it.
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 odds are mostly based on statistics and probably done by something formulated for all the matches because they can't set odds for every ongoing match by any other methods on the other hand the bettors are the one influenced by media and public and chose their bet instead of going with their analysis or merging them together for better results which isn't wrong.
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, the media and opportunities will always run counter to each other, they will also definitely say that if the one considered weak plays beyond expectations, then the opportunity will change, or at the time the one considered strong is unlucky at that time.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.
Usually we will follow what the media says, but we will still definitely make an analysis based on existing statistics. Statistics are one of the things we can use to predict what will happen, besides that there are still other things we can see so that we are sure of our choice.
If we have been in the gambling arena for a long time, this should not be foreign to us, because almost every bet will have an influencing factor, one of which is the media that predicts what the results will be like.
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.
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.
We have a lot of casinos in the industry and all of these casinos have their own specific places that they gets their updates from and to be truthful the medias too also influence the odds because the Media's are what broadcasts the news if any players will play the games or not and from there the casino will decide if they will increase their odds or reduce it.
I think it is necessary because now there is interdependence between the media and also the casino in making decisions after there is certain news from the media. Especially if in a team like football there are players who can make a big impact in the match so that the potential for the team to win can also be quite large so that the casino itself can take the right steps to make a difference in the bets that they will open to the public. So the media and the casino do need each other for their respective purposes.But there is information available for everybody, and information that is not so easy to find. In addition, if we only take the information available for everybody, it is enormous, I don't think that it can be processed by any human as effectively as casinos do.
On the other hand, casinos work with great numbers, and they are quite accurate in their analysis by monitoring the media. For the average gambler, on the contrary, random variables impact their outcome enormously, so even if they followed all the news I don't think it would assure the victory.
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
We have a lot of casinos in the industry and all of these casinos have their own specific places that they gets their updates from and to be truthful the medias too also influence the odds because the Media's are what broadcasts the news if any players will play the games or not and from there the casino will decide if they will increase their odds or reduce it.
I think it is necessary because now there is interdependence between the media and also the casino in making decisions after there is certain news from the media. Especially if in a team like football there are players who can make a big impact in the match so that the potential for the team to win can also be quite large so that the casino itself can take the right steps to make a difference in the bets that they will open to the public. So the media and the casino do need each other for their respective purposes. 
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 media influences betting odds in some cases because the media promotes what the public perception is. But those perceptions aren't very reliable when it comes to betting. I've seen bets where the opposite of what most of the media said happened. But there is no way to say that it will always be like that. I personally don't trust those things in the media. I place bets based on a team's winning statistics and their current performance. But for information I must take help of media which cannot be ignored. But the media doesn't always tell the truth. There can be a lot of lies or rumors which is why it is necessary to get information from multiple authentic media platforms without relying on any one particular media. 
Viewers and bettors nowadays are wise because they know that if a pick has been suggested by the media, it's more likely to avoid with and not let themselves be influenced by it.
Doing that all the time might be profitable, but don't expect to win every time—bankroll management is still very important. What the media comments on or broadcasts is definitely based on public perception. If they capture the public's interest, they’ll attract more viewers. Although the media has no direct connection with sportsbooks, their commentary and what the public believes can influence how bookmakers set the odds for betting. We all know the saying that the public loses most of the time, which demonstrates how misleading betting odds can be.Sometimes, it's worth a try but it is not for me.
These media companies are being paid to influence people's thought on which they should follow the flock based on what they think is profitable to them. Yes, profitable to the casinos and not to the bettors.
That's their job! they can't produce news or comments that don’t attract people. Their business goal is to gain viewers so that advertisers continue to pay for exposure to the public. It’s as simple as that. We shouldn’t think that the media are paid by bookies to mislead the public so that the bookies can win, because that's just not true.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 gambling betting odds depended on social media performance, Facebook founder Mark Zuckerberg, Twitter's current owner Elon Musk would have benefited as much from gambling betting odds.That is true, but perhaps it does not happen because both Mark and Elon would find more problems than benefits from messing with the odds of the betting markets, if they are discovered messing with the odds through the influnce of their platforms then it could be classified as a case of fraud by some court and they would need to pay a large fine.
Actually, it would not be difficult for them to carry something like that out, they would just need to push some biased news against or in favor of one team to inspire fear and Fomo in half of the betting population, causing the odds to change at their will, and then when it becomes know the news does not have any credit, it would be too late, because their bets would have already been placed
Viewers and bettors nowadays are wise because they know that if a pick has been suggested by the media, it's more likely to avoid with and not let themselves be influenced by it.
Doing that all the time might be profitable, but don't expect to win every time—bankroll management is still very important. What the media comments on or broadcasts is definitely based on public perception. If they capture the public's interest, they’ll attract more viewers. Although the media has no direct connection with sportsbooks, their commentary and what the public believes can influence how bookmakers set the odds for betting. We all know the saying that the public loses most of the time, which demonstrates how misleading betting odds can be.These media companies are being paid to influence people's thought on which they should follow the flock based on what they think is profitable to them. Yes, profitable to the casinos and not to the bettors.
That's their job! they can't produce news or comments that don’t attract people. Their business goal is to gain viewers so that advertisers continue to pay for exposure to the public. It’s as simple as that. We shouldn’t think that the media are paid by bookies to mislead the public so that the bookies can win, because that's just not true. hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
as much as you use these social media platforms, they have a way of influencing the perception we have of players and clubs. A social media post that a player in a match will no longer feature in the game will make you change your bet, even after you have researched the players that will feature in the game. it is important to do our research but we shouldn't neglect the fact that social media can give out information that is kept secret by other information platforms. However, social media can also spread fake news derived from rumours, so we need to be careful.
I am not too often to use social media platforms because social media now is change from a few years ago. Social media can influencing our perception so we can trigger to follow other people perception about the team. That can makes us can not thinks clear or research for more info to find the right info and that can cause us to make a wrong decision. The news that we gets from social media will not be fully right so that is why we must research for more to find the truth or more information that will useful for us to analyze. If we doubt with the news, we can moves forward to the other news and research again to find more. We must be careful if we read a news from social media because some people wants to trick other people for their benefits. That is why research if the most important thing to do to find more information.
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?
We always follow the media and the public follows their word. Media always introduces the public to different things so we always get to know those unknown facts through media. Moreover, nowadays the media also gives a lot of information about the gambling platform from which we evaluate these things for betting. By following the media we can learn about our favorite team and also get a lot of information about how we can win by betting. Media plays a lot of role in every field and also in gambling media plays a very important role because if there was no publicity in the media then maybe there would be less gamblers. Nowadays people believe that all the media hypes may be true even though there are many types of gambling platforms that are scams. However, we can find a lot of knowledge in the media when there are various ideas for betting, but it is time to do your own research.
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're more promotions and advertisements. I don't see anything apart from that that influences everyone with their picks and niches. As long as the perception of the media remains to themselves and they're just expressing what kind of narratives they're seeing. Viewers and bettors nowadays are wise because they know that if a pick has been suggested by the media, it's more likely to avoid with and not let themselves be influenced by it.
These media companies are being paid to influence people's thought on which they should follow the flock based on what they think is profitable to them. Yes, profitable to the casinos and not to the bettors.
Social media works to the advantages of the casino this is because, through social media, casino's are being promoted to the users who are active on those social Media handles, also we have some group that offer's games analysis on social media and even predictions of what the outcome of matches will be.
So it all ball down to the casino being at advantage of receiving more traffic to their network compared to the advantages of this for a gambler, because at some point, the casino is generating more revenue compared to how luck could rewards the gambler.
Casino owners who certainly do not want to be left behind definitely want to reap the benefits of today's media developments and by utilizing it as one way they can get even greater profits. what you said is true, casinos can get more profit from the media or through the media. because the media that currently tends to have become a necessity cannot be far from everyone and by promoting it in the media it becomes an opportunity to get more profit because of course there are occasional thoughts that everyone wants to get profit for free or with small capital and online gambling becomes their escape.So it all ball down to the casino being at advantage of receiving more traffic to their network compared to the advantages of this for a gambler, because at some point, the casino is generating more revenue compared to how luck could rewards the gambler.
if we talk about profit, of course the bigger casino gets profit and that is a natural thing, even with physical casinos I think the casino will get more profit than gamblers. the media is currently developing making everything tend to be easy to do, including gambling which is prohibited in several countries. even though gambling is prohibited in their country, because of the growing media, they can gamble in secret.
Jump to: