Pages:
Author

Topic: Media and Gambling, How does it work? - page 6. (Read 1677 times)

sr. member
Activity: 546
Merit: 268
August 08, 2024, 06:52:54 PM
#72
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?
Social media basically plays an important role in gambling advertising and it is not easy for me whether betting odds can have any effect on gambling. However, the gambling betting odds for a cricket match will mainly depend on the team and the team's performance. It will never depend on social media or social media performance. 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.
sr. member
Activity: 686
Merit: 398
August 08, 2024, 05:57:19 PM
#71
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.
The media and its influencers that control the kind of content that they post in their community have little to no idea what they can do to influence the odds of a game. As they don't make those odds, they don't decide which game should be given higher odds and which one should not. That's the work of the bookmaker.
 
All the influencers can do is make their analysis and drop their predictions based on what they understand, but their opinion can't pull the leg of a casino to increase or reduce the odds of a game.
LDL
hero member
Activity: 742
Merit: 671
August 08, 2024, 05:53:53 PM
#70
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?
At present media is used as an important medium in the field of gambling promotion, especially in the popular social media like YouTube, Facebook and Twitter, all the time gambling advertisements are spread among all the people in the world. When a child turns on the mobile phone, the gambling advertisement creates new curiosity in him and thus a child becomes an unknowing gambler.
sr. member
Activity: 546
Merit: 447
Fine by Time
August 08, 2024, 05:46:01 PM
#69
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 not even done by casinos itself, they are done by independeny service providers that base their odds on stats and performance of the tournament and not really influenced by arguments, emotions, what people think or how they feel about it. Odds judgement is strictly is what the teams are doing, the players, the coach and even the team performance, the rest are just secondary element which mostly happen during the match but all references to what I have mentioned earlier.

External factors beyond control like weather conditions, the extra minutes and injuries. Sentiments is the least thing I think casino does used in betting but perhaps events like election might be truely usable in this case but since most casino don't considered all events, it's not necessary.
You are right here. And to add to what you have said. Betting odds are only influenced by bookmakers who are monitoring betting trends like recent form, home advantage, player injury and suspension, weather conditions and statistical analysis to adjust odds and at the end to make sure that the possible outcome is for them to make a profit.

At the end of the day, it wont be ideal to fix our hope on these factors as unexpected event may happen within or before the match and change the odds of the day. Meanwhile, we shouldn't forget that odds are not predictions.
hero member
Activity: 2184
Merit: 891
Leading Crypto Sports Betting and Casino Platform
August 08, 2024, 05:09:31 PM
#68
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?


Well here in the Philippines and I think around SEA, gambling is directly correlated by the media with lavish lifestyle, sexy women, and all that stuff. That's why you'd see casinos featuring big-breasted models wearing skimpy clothing, gold coins and all that shit. So people who are gullible are easily duped into playing cause they think that playing allows them to achieve things like these. The funny thing is that the government and everyone else is trying to dismantle this narrative and make people realize that gambling is not as amazing as many people think, however, they also are the ones who profiteer off of this shit, sweepstakes, PAGCOR and their licenses, and some other stuff behind the table. Talk about hypocrisy lol.

hero member
Activity: 798
Merit: 1045
Goodnight, ohh Leo!!! 🦅
August 08, 2024, 04:36:34 PM
#67
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?
It's becoming a reality that people invest in websites and channels that are strictly making daily predictions... Its been more transforming that they found a treat in that too; call up people to get registered on the damn channel or, maybe subscribe on the site for notifications and update.... Registration and subscription ain't free anyway.. if they decide to not place it that way, you're definitely paying for every game they give out.

Every gambler that doesn't fine his speculations safe enough could enhance himself... I sure hope you are not wagering exactly what they give out to you... Regardless, I've been seeing accurate predictions most of the time too.
sr. member
Activity: 602
Merit: 291
Bitcoin in Niger State💯
August 08, 2024, 04:32:26 PM
#66

Social media these days are truly influential as most people are using social media platforms to talk about their life, lifestyle or just basically what they think on everything. Do remember, with viral tweets for example, people seems to be engaging with strangers over discussions that they really don't know about. Some are just jumping on the discussion just to say they are part of it.

Hence, we can't discard the fact that social media can indeed assist casinos in getting traffic to their site. People are over on reading wall of texts for reviews. Most prefer to watch live streaming these days as it is more entertaining so to speak.

The importance and advantages of social media across all walks of life cannot be overemphasized, measuring the impact of the social media platforms across several individuals and countries, is a great tool to the massive development we have experienced in life today. I know the evolution of social media platforms came about three decades ago but to commensurate such rapid growth and enhancement in the use of social media platforms looking at the initial stage of its development and those involved in it is the most amazing part of it.

Kudos to the likes of Mark Zuckerberg, Jack Dosey, Larry Page, amongst other top founders of social media platforms like Reid Hoffman who launched the LinkedIn platform in his living room between 2002 and 2003. They have bring about a monumental change to the lives of many people around the world including the world leaders. But this brings me about asking this question, is it actually governments that are the best inventors of ideas or individuals either in their one or more numbers?
hero member
Activity: 602
Merit: 442
A Proud Father of Twin Girls 👧 👧
August 08, 2024, 04:30:21 PM
#65
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 public opinions actually have any direct impact on betting odds and what affects odds are based on several other factors as from club performance to several other things which I don’t think public opinion is included.
I also understand how much social media and the internet is already getting really powerful and very influential on a lot of things but the truth is that, I don’t think this advancement has gotten to the gambling industry else, the result of a game could easily be predicted and that wouldn’t be a good one for a casino.
hero member
Activity: 952
Merit: 552
August 08, 2024, 04:29:05 PM
#64
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 not even done by casinos itself, they are done by independeny service providers that base their odds on stats and performance of the tournament and not really influenced by arguments, emotions, what people think or how they feel about it. Odds judgement is strictly is what the teams are doing, the players, the coach and even the team performance, the rest are just secondary element which mostly happen during the match but all references to what I have mentioned earlier.

External factors beyond control like weather conditions, the extra minutes and injuries. Sentiments is the least thing I think casino does used in betting but perhaps events like election might be truely usable in this case but since most casino don't considered all events, it's not necessary.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
August 08, 2024, 04:11:05 PM
#63
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.

Social media these days are truly influential as most people are using social media platforms to talk about their life, lifestyle or just basically what they think on everything. Do remember, with viral tweets for example, people seems to be engaging with strangers over discussions that they really don't know about. Some are just jumping on the discussion just to say they are part of it.

Hence, we can't discard the fact that social media can indeed assist casinos in getting traffic to their site. People are over on reading wall of texts for reviews. Most prefer to watch live streaming these days as it is more entertaining so to speak.
hero member
Activity: 910
Merit: 507
August 08, 2024, 03:50:49 PM
#62
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.
sr. member
Activity: 700
Merit: 470
Hope Jeremiah 17vs7
August 08, 2024, 03:20:08 PM
#61
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.

-Edited Out-
Here the odd is like this from the fact that while Girona defeated Barca away at first before this second game with them last season while in comparing to big teams also like Atletico Madrid who they won earlier at home but lost to later away before their second match with Barca while also losing both home and away with Real Madrid before this Barca is also among the reason Barcelona was favorite and after all Barcelona was not really having a bad stat winning before the game domestically.
legendary
Activity: 2716
Merit: 1092
Leading Crypto Sports Betting & Casino Platform
August 08, 2024, 12:09:54 PM
#60
I think the media narrative will only affect people's perceptions including those who want to involve betting, but I don't think it can completely affect the results in the game, this is nothing more than a belief due to being carried away by the media atmosphere and does not mean something that can really come true.
But in terms of betting, everything is free to you, following the media narrative might make you feel more disappointed because you only rely on something that many people believe in.

I understand that it doesn't matter to be made as a choice, but at least before you make a decision you should re-analyze which choice you think can increase your chances of winning, and if you think it's quite doubtful then of course it's better to make something you believe in as a choice, for me the media narrative still won't be able to guarantee victory.
legendary
Activity: 1064
Merit: 1101
August 08, 2024, 12:07:53 PM
#59
Bettors will place their bet after they research for the match. Media will influence public perceptions and if bettors can't hold themselves with what happens to public, they can get the affect to that and can change their decision following what they see and know. But if bettors can be wise with what happens to public perceptions and media narratives, they will use that for their benefit and have their decision to place their bet.

No matter what is happen with the betting odds in ongoing leagues, bettors should not get influence with that because they can research what they needs to decides. Bettors should know what they needs to do and research is the best thing that they should do before they place their bet without thinks about public perceptions and media narratives.

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.

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?

Odds are determined based on the present performance of the club, head-to-head and other historical analyses. These sports professionals who analyse these games are part of the society. And you can agree that almost everybody is influenced by the social media. So it is possible that in the course of these analyses, some information that these sports analysts have gotten might influence their decisions.     
hero member
Activity: 1484
Merit: 597
Bitcoin makes the world go 🔃
August 08, 2024, 12:06:50 PM
#58
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?

Actually, Only few rely on media predictions nowadays considering that many gambler preferred to Do it Yourself way on choosing what team to bet.there’s no advantage on taking media predictions since they are just predicting based on how they can sold the much to the public.

Most of the value bets matches doesn’t covered by mainstream media since most of the matches being featured are those involved with big names which matches usually has an obvious advantage.

Finding a value bets is only possible on minor leagues which bookies doesn’t pay much attention on odds.
sr. member
Activity: 2618
Merit: 439
August 08, 2024, 12:03:05 PM
#57
Most of us probably follow what the media says, which is why there's a saying that the public always loses. The media shapes public perception, because if they didn't, we wouldn't be watching them.
The thing is sports is entertainment and the media wants it to be super entertaining as possible so they create these storylines. Some being return of the champions or some being the underdogs finally winning. So some media experts tend to overplay some chances of a team if that is what they want to push.

While it can be helpful to listen to some analysis of the media or other experts, having your own can still save you a lot of troubles.
sr. member
Activity: 700
Merit: 270
August 08, 2024, 11:50:51 AM
#56
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?


Media outlet most times call sportsmen to most times give an overview of a certain event, it could be basketball, football or cricket. most times these sportsmen are professionals on those events, some are retired while some are still active in the game. This set of guest in the studio most times appeal to the conscience of the people watching because of the influence they've gather based on how popular they've been. However when most persons tune in to sports channels and hear the expert analysing and dissecting the possible outcomes of most of the events, those analysis can help give an informed decision to a gambler on how to place his bet.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
August 08, 2024, 11:34:24 AM
#55
Bettors will place their bet after they research for the match. Media will influence public perceptions and if bettors can't hold themselves with what happens to public, they can get the affect to that and can change their decision following what they see and know. But if bettors can be wise with what happens to public perceptions and media narratives, they will use that for their benefit and have their decision to place their bet.

No matter what is happen with the betting odds in ongoing leagues, bettors should not get influence with that because they can research what they needs to decides. Bettors should know what they needs to do and research is the best thing that they should do before they place their bet without thinks about public perceptions and media narratives.
hero member
Activity: 882
Merit: 800
August 08, 2024, 11:06:04 AM
#54
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.
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.
Don't you think that these casinos always have someone that is representing them in most of the country? Yes sinces they would want to work with accurate information it could be better to provide a good odds but however, public doesn't provide and they are not in any place to decide odds rather is the bookies who issues odd according to the information gotten from the club. Most times the odds changes during or before the game start running sometimes odds changes when the news are confirmed.
hero member
Activity: 3024
Merit: 614
Leading Crypto Sports Betting & Casino Platform
August 08, 2024, 10:55:14 AM
#53
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?


You can check it and compare what you have, but the final decision should be based on your analysis if they are compatible with your analysis, then you have verified that your analysis is good, but if it contradicts what you have, then you have to go back and double-check and see where your error.

Public perceptions and media narratives have reasons for generating those results, and you can use that to your advantage. You should take it positively and use it to your advantage to get the best results on your bets.
Pages:
Jump to: