Topic: Media and Gambling, How does it work? - page 8. (Read 1677 times)

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.

Personally I think that one should never be influenced by what the media says.When I used to follow sport programs where ex players and coaches were making analyses for the weekly games in the local league and also some of the major leagues and they were also making predictions,anytime I followed their advice I ended up losing money.So based on this I would advice anyone to stop being impacted by the media,sport analysts or anyone else in their betting decision as the best thing to do.

You can't expect total accuracy from the odds of social media sites, they're into business to make money and whatever they plot will be to the advantages of their gaining more traffic. 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.

Public perception affects you as a gambler and not being odd, since the odds are fixed after strict analysis by the odds providers, the gambler is the one affected by public opinions from social media, news outlets and what have you.

These can make you change your mind on the matches you would want to stake on. Sometimes those narratives may be wrong, so gamble with your convictions.

I think all of that will never affect the betting opportunities or the existing League, bets are provided by bookies and the League is controlled by the football federation so they have their own way of working without having to interfere or be influenced by public perception or media narratives.
Public perception and media narratives are just news and all of that is taken based on how it works in the League so there will be no connection whatsoever about all of that.

For betting itself, if take advantage of public perception and media narratives, it seems like will never be able to get good bet because they only provide what looks superior without really seeing how the match pattern will take place.
Clearly this is the wrong choice if only bet by relying on what is being talked about lot, any unexpected results often occur and as gambler must really analyze and see the course of the match to get good prediction.

Sports. Hmm.
Well, there are a lot of crowd favorites but I don't think bookies rely on that. Perhaps, the odds will move just a little bit in order to balance the incoming money but I don't think you can find them that easily.
I like betting for underdogs which means I am against the favorite but the truth is the winning chances are low which could sometimes be devastating. I think it will be better to just keep on betting for favorites either there's hype or he is the crowd choice. I lost way more in betting for the heavy underdogs like x5.00 - x10.00 but sometimes it could be satisfying and the joy in success is different than just winning an x1.20 - x1.50.

For sure, public opinion and media coverage greatly influence betting odds in tournaments, often causing differences between actual odds and odds given by bookmakers Press coverage focuses on events on recent or dramatic events, such as injured players, managerial changes, or the loss of dramatic success, which can cause public sentiment to overreact Thus, there is a real impact even a low can shrink a market is the risk to the affected team greatly reduced based on the belief that their chances of winning are greatly reduced Conversely, teams or players who receive more media coverage may find them ho adjusted unfavorably or favorably based on exaggerated expectations, which can lead to other groups who normally Don’t get the idea

Likewise, national currencies and sharp currencies (balanced bets from professional individual investors send) gambling markets in motion. Conversely, extremely heavy public betting, conducted mainly due to media coverage, has the power to force changes on the assessment of potential earnings that do not entail the real results. This is where due diligence, relying on statistical analyses by bookmakers, will allow them to pinpoint moments when public sentiment will skew rather than tilt with the actual performance figures. This also works in reverse: watching the dissemination of news and media sometimes can identify where the opportunity is. If the probability change is disproportionate relative to the actual impact of the news, then it could be a scent of price gouging.


In addition, reverse bets (betting against the crowd when they appear to be overreacted) can be profitable, if the bettor is confident in their assessment. Identifying underperforming markets through accounting systems and betting software can also help identify value bets when risks are present

Casinos have known for a long time that gamblers prefer to go for the favorites, and with this in mind casinos offer worst odds for the teams that are the most dominant.

So you can take advantage of this if there is a huge interest in a game and the favorite received almost universal support by their fans, this way casinos will be forced to offer better odds to their opponents in an attempt to balance their books, and that is when you can make a bet on that team with odds that are very favorable to you.

I believe that odds are basically a function of what the statistics says about a team and not what's on the media. The opinions from the media are mostly biased and filled with favouritism and emotions since most of them are from fans of a particular athlete or club. It's very easy to set an odd between two teams since you can easily know which of the teams is stronger than the other. If you're looking at cases where public perception matters, it's most likely in cases like retaining or coach or player in the club that some management if need arises can decide to look for what fans are saying about thier individual player performance but even at that, it played a very infinitesimal role in what the clubs final decision will look like.

Sometimes when it's between two teams that are just of a close range in terms of quality, any random odd could just be given to the teams and it's now left for you as a gambler to dicefer what your final decision will look like while placing your bet.

Public doesn't determine and factor out odds in the gambling sites instead it's something that the site issues or changes if there are adjustment or change of plans and player then it would affect the club and it's odds give or allocated to them. To me news or public opinion doesn't really effects the odds, and it's not like the cryptocurrency market that is being influenced by news and information flying on social media.

The bookmakers too are also gamblers, it's you versus them, occasionally these bookmakers make adjustments to odds based on media informations probably about an injured player or an impromptu change that might be likely to occur in a game,..I Ve played a game of that the home team was given four odds and the away was about 1.94, later on a huge change was made, the home teams odd was decreased to two odds while the away teams odds was increased to 3 odds..I think it's possible for media to have an influence on sports betting

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.

I agree with that because indeed the media is currently one of the biggest factors that everyone uses in their daily lives, whether to find entertainment, the latest information, news or others. With this, of course, people will look for the most accurate sources that they trust, it is not strange that many people depend on the media.
 
Although it is difficult to determine which one is more important, but indeed the media has a great influence on gambling, besides that I have some friends of mine who do gambling and when he is going to bet he waits for news in the media to be considered, in my opinion it includes the great influence of the media on gambling. So I think it is certain that this media can influence most people in any case, especially now that the media seems to have become the basic needs of everyone, but in my opinion this is a natural thing because generally we have to adapt and take advantage of this increasingly developed and sophisticated media.

I do believe media and public perceptions influence the betting odds.

If Fulham is in 1st rank in Premier League and Manchester United in 10th rank, will you believe Fulham is favorite when they meet Manchester United? nope Manchester United will become favorite because there are many Mancunian and people who think Manchester United is bigger than Fulham.

In order to dismiss this perception, Fulham must win Premier League and Champions League for many times, at the same time sign many star players.

Well, this is a tricky question because it isn't the media narrative influences who sets the game odds, i think the odds providers use some kind of formula to set who is the underdog and the multipliers.

We could take as an example the presidential elections, even if the media is totally involved their news will not change the odds in the casino, unless something big happens, but that's not the media's fault, that would be another factor involved.

Media narratives do influence the odds. They go for fan favorites and star players and keep on promoting them throughout the tournament. These lead to favoring the team to win the match, and hence for that particular team we see fewer odds in the match. We cannot really exploit if we practically think about this. I mean, these news magazine houses and media do proper research and then only create the hype; hence, the odds provider accordingly provides the optimal odds for both sides. Media and gambling don’t always work according to me.

Highly doubt it does? I guess unless it's a big ass scandal where the players would suddenly get some sort of penalties, or even be unable to play on a specific match. Naturally, the odds would tilt depending on who changes that said player but no matter what, there will always be some change in it since a player change happened. Outside of that I don't think there's any relation at all? This is about games we are talkign about specifically right? Since there's some weird bets out there like "who'd win the elections", "who'd win the miss uni" type of bets, which compared to sports leagues, can 100% be heavily influenced by media. Those types are another thing altogether though.

What I can see is some market issues here, for example, the bookies, where some of them might adjust the odds slower based on new information that came from media compared to normal. Especially on the leagues or games that have low betting volume (less popular).

Exactly the same thing, I believe. The media have little to nothing that they can do to influence the odd of a game, and the bookmaker has the ability to do that, as they can use every tricky means necessary to make the odd appear deceiving and confusing. Most times, they can even go as far as placing some unmeritable odds on teams and games that don't deceive each other just to swap attention and reduce the chance of people's winning.

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.