Multi bets vs single bets - page 10.

Janation

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Quote from: kkaroul4 on October 30, 2020, 07:55:22 AM

I'm just betting for entertainment and just placing bet on the team that I support and really like and so I just bet on the who would win or who would lose in short a single bet. I think by just betting it's risky already but placing multiple bets would increase the risk.

I think in a different context it still depends right?

There are a lot of people that support a lot of teams or have a lot of team in mind that they could tell who would win ours not without analyzing since they have this deep knowledge of that certain sport or game. Let's say, he supports these teams and bet on them, he doesn't mind taking the risks since he will bet on them because he supports them.

daarul50

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Quote from: johhnyUA on October 30, 2020, 06:36:01 PM

Personally, i prefer single betting. It's much more simple to predict it (first point)

Also, this is where math is rules everything:

For example, you have 3 event with 50 % chance each of needed outcome.

Single bet has a 50 % chance (which is enough good)

In the same time, multibet has a chance 0.5 * 0.5 * 0.5 which is 12 %. Because wee need to win first event AND second AND third to get our money.

But yeah, if we will success with our 12 % the reward will be also reward1 * reward2 * reward3. But man, there just 12 % chance!

Well can we fuck with math and just do it in multibet for the sake of luck?
Yes sometimes this is all about luck.
Mathematically a team with 1.2 odds will win for 80% but doesnt mean there is no way they will lose. Luck determined everything in gambling at the end.
I have once created 3 multi bet with odds over 50 and all of them won
That is the moment you are loving your multibet habit and hoping for luck is not that hurt.
It is even much more hurting when you found your bet on 1.01 lost. Cry in blood.

Astvile

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I chose multi but I also do single bets just not as often I do multi bets. I just got used to it, there are times that I will just play 1 bet at a time and there are times that I will be doing 2 -5 bet slips at a time. Really depends on where am I betting. I see no difference in risk because both still have the chance for you to lose money.

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Quote from: Vaculin on October 30, 2020, 06:55:20 AM

Quote from: Betwrong on October 30, 2020, 06:41:43 AM

Quote from: kryptqnick on October 28, 2020, 01:31:43 PM

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So my question is whether you prefer multi bets to single bets and whether you find multi bets significantly more risky than single bets.

I voted 50/50 because I really can't favour one over the other. Usually, I like placing risky bets with high outcome odds, and you can do it two ways: you can place a single bet with, say, 6.93 outcome odds, or you can place 5 multibets with 1.34, 1,53, 1.63, 1.49, 1.41, and get approximately the same result regarding the odds. I think the probabilities of winning/losing in both cases are equal.

I would rather favor a single bet if they have the same odds on the parlay bet, I don't know about the probability but I'm more comfortable on a single bet than a small odds parlay as one mistake, everything is ruined, and less stress on my part as I only have to monitor one game.

It does make a sense. Probability in this case is being divided to losing more or earning more. Diversifying your bets could give you bigger profit but it can as well generate bigger loss due to the number of bets, especially if there is only one bet which would win. If you are not aiming for bigger profit, betting with limits of one, is enough. Both has risks as a bottomline. Either way is risky from one another it just depends on your habits of playing. You could still get huge losses if you are single betting but also "heavy" betting.

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Quote from: kkaroul4 on October 30, 2020, 07:55:22 AM

I'm just betting for entertainment and just placing bet on the team that I support and really like and so I just bet on the who would win or who would lose in short a single bet. I think by just betting it's risky already but placing multiple bets would increase the risk.

Depends on the situation still. If you are in control of the betting variables, you won't be scared to diversify your bets simply because you know how the 'game' works in the first place. Sports betting as an example; you are familiar with the teams and you know which teams would be worth betting. Team 1 got your first vote. But you know to yourself team 7 and 8 are also having chances to win. You would probably make multiple bets simply because it is not a gut feeling, but you are just analysing the capabilities of the teams. It would still generate risk indeed but in this sense, you will enjoy things because of interests. Losing is more certain in the first place, enjoying the activity will ease the pain somehow.

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Quote from: johhnyUA on October 30, 2020, 06:36:01 PM

Personally, i prefer single betting. It's much more simple to predict it (first point)

Also, this is where math is rules everything:

For example, you have 3 event with 50 % chance each of needed outcome.

Single bet has a 50 % chance (which is enough good)

In the same time, multibet has a chance 0.5 * 0.5 * 0.5 which is 12 %. Because wee need to win first event AND second AND third to get our money.

But yeah, if we will success with our 12 % the reward will be also reward1 * reward2 * reward3. But man, there just 12 % chance!

It really depends on what you want to achive. If you want to win big like a jackpot or something you need to hit multiplier bets and get as many matches to win it all and win big! If you want stady winning matches singles match is the key,but with an avg odd of 1.75 at least

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Personally, i prefer single betting. It's much more simple to predict it (first point)

Also, this is where math is rules everything:

For example, you have 3 event with 50 % chance each of needed outcome.

Single bet has a 50 % chance (which is enough good)

In the same time, multibet has a chance 0.5 * 0.5 * 0.5 which is 12 %. Because wee need to win first event AND second AND third to get our money.

But yeah, if we will success with our 12 % the reward will be also reward1 * reward2 * reward3. But man, there just 12 % chance!

Questat

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Quote from: kkaroul4 on October 30, 2020, 07:55:22 AM

I'm just betting for entertainment and just placing bet on the team that I support and really like and so I just bet on the who would win or who would lose in short a single bet. I think by just betting it's risky already but placing multiple bets would increase the risk.

Once you bet you are already taking the risk, but we don't talk of risk here anymore but the chances of winning.

Single bet with odds 1.90, your chances of winning is 50/50 but parlay with multiple bets on it, the chances are low but normally the payout is good.

It's up to you to choose, sportsbook are always willing to accept your bet, whether single bet or multi bet, but they'll like more the multi bet as most of the time gamblers loses money on that, that's why in my part I don't put big bet on that.

NeilLostBitCoin

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Quote from: kkaroul4 on October 30, 2020, 07:55:22 AM

I'm just betting for entertainment and just placing bet on the team that I support and really like and so I just bet on the who would win or who would lose in short a single bet. I think by just betting it's risky already but placing multiple bets would increase the risk.

I do think twice before I bet for a particular team so I don't need to vote for any other team and also I have limited money access that's why I only bet one time. And those who bets for almost all the teams, they have a lot of money to spend with, well good for them but us who has a limited money ones is really enough. I also bet for entertainment purposes only.

kkaroul4

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I'm just betting for entertainment and just placing bet on the team that I support and really like and so I just bet on the who would win or who would lose in short a single bet. I think by just betting it's risky already but placing multiple bets would increase the risk.

Vaculin

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Quote from: Betwrong on October 30, 2020, 06:41:43 AM

Quote from: kryptqnick on October 28, 2020, 01:31:43 PM

~
So my question is whether you prefer multi bets to single bets and whether you find multi bets significantly more risky than single bets.

I voted 50/50 because I really can't favour one over the other. Usually, I like placing risky bets with high outcome odds, and you can do it two ways: you can place a single bet with, say, 6.93 outcome odds, or you can place 5 multibets with 1.34, 1,53, 1.63, 1.49, 1.41, and get approximately the same result regarding the odds. I think the probabilities of winning/losing in both cases are equal.

I would rather favor a single bet if they have the same odds on the parlay bet, I don't know about the probability but I'm more comfortable on a single bet than a small odds parlay as one mistake, everything is ruined, and less stress on my part as I only have to monitor one game.

Betwrong

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Quote from: kryptqnick on October 28, 2020, 01:31:43 PM

~
So my question is whether you prefer multi bets to single bets and whether you find multi bets significantly more risky than single bets.

I voted 50/50 because I really can't favour one over the other. Usually, I like placing risky bets with high outcome odds, and you can do it two ways: you can place a single bet with, say, 6.93 outcome odds, or you can place 5 multibets with 1.34, 1,53, 1.63, 1.49, 1.41, and get approximately the same result regarding the odds. I think the probabilities of winning/losing in both cases are equal.

kryptqnick

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Quote from: samcrypto on October 29, 2020, 09:56:18 AM

Single bet works for me, since I don’t need to make more research about the match and I always bet on my favorite team whether they are the underdog or not, I still bet with them. Gambling is about taking risk, don’t take gambling seriously and just enjoy your free time in gambling.

But isn't betting in the favourite team also pretty risky? If you just support the team you like, you are not being objective and are bound to lose sometimes even when you know that the team is likely to lose. Since in this case betting is not about maximising profit, I guess the risks associated with multi bets are also not a big deal. But I understand why you prefer single bets anyway.

Meanwhile, the multi bets are getting some votes in the poll, but single bets are leading.

asus09

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I personally prefer multi-batch compared to single bet because the amount of prize from the bet is much larger than the single bet. But I choose the match and the favorite soccer team to win and also see the opponents it faces, not randomly choosing a team even though the odds are bigger. Moreover, if there is a champion league or English league we can choose which team has a big chance of winning and which team will lose, usually the big teams will be easy to win and why not choose multi bet compared to single bet.

Questat

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Quote from: Janation on October 29, 2020, 11:26:19 PM

I think multi bets is more risky since you can't thoroughly analyze most of their games while you can do that with single bets.

This is a good point, we need to analyze the game before we put a bet, and it's not easy to win multiple games when we are even having a hard time to win in a single game only, that's why most gamblers will prefer and single bet and if you notice, they put a decent amount on single bet while on parlay, they only put a small amount.

Janation

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I prefer single bets.

There are instances that I bet on teams that I know, most of the time that would be on esports like Dota 2 and CSGO, in sports I just do it on NBA but I only bet on one team. I think multi bets is more risky since you can't thoroughly analyze most of their games while you can do that with single bets.

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Quote from: michellee on October 29, 2020, 11:11:50 PM

Before placing the bet in multi bets, they dream of winning at least 2 games, and they say they can accept the risk of losing the money. But then, they lose the games and their money, and that makes them feel sad. We can use multiple bets if we don't think much about the loss that can happen at any time. But many times, people regret why they choose multi bets.

Yes, I agree to some point. Actually there is no fun in pure betting. The essence of betting is add more excitement in watching the sports happening. This is why I am not in favor of multi bets where you only focus on winning and not getting fun from the events.

Quote from: michellee on October 29, 2020, 11:11:50 PM

That is what our concern with any bets, whether it's multi or single bets. As you said, if you are willing to take that risk, we don't have to think much, even if, in the end, we are losing the money because we can accept anything that will happen. Besides accepting the risk, we need to know how much money we need to use for one bet, so if we lose the game, we can know how much we lose.

Why bets if you are not willing to take losses? When you gamble you are already like giving tha money you bet and there is nothing wrong about it because the money you used to bet could also be doubled. This is why there are advises that also are good to take like bet only using your money that you can affors to lose and never bet for more beyond your capacity that will compromise your daily life expenses.

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Quote from: AliMan on October 29, 2020, 07:13:32 PM

This is really amazing how people chooses single bet, but in reality that doesn't confirm due to several times folks tend to bet all over again. Often times we used single bet as an escape from reality and addiction comes when everyone desired to recover every loss after certain bets. On my side of opinion, better use multiple bet if you do have enough money to risk on one time gambling and wait for whatever results it might come up.

Before placing the bet in multi bets, they dream of winning at least 2 games, and they say they can accept the risk of losing the money. But then, they lose the games and their money, and that makes them feel sad. We can use multiple bets if we don't think much about the loss that can happen at any time. But many times, people regret why they choose multi bets.

Quote from: Baofeng on October 29, 2020, 07:28:37 PM

I think it's up to your risk aversion, I mean I do multi bets or parlay, but there is a danger that once you missed only one bet, they all bets are lost, so if you are willing to take that risk then there should be problem.

That is what our concern with any bets, whether it's multi or single bets. As you said, if you are willing to take that risk, we don't have to think much, even if, in the end, we are losing the money because we can accept anything that will happen. Besides accepting the risk, we need to know how much money we need to use for one bet, so if we lose the game, we can know how much we lose.

Vaculin

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Quote from: FontSeli on October 29, 2020, 10:25:10 AM

Quote from: kryptqnick on October 29, 2020, 07:08:42 AM

Quote from: FontSeli on October 28, 2020, 03:39:03 PM

It seems to me that the answers to your questions are known in advance. Of course, multi bets are much more risky than single bets. This is normal. In order for the multi bet to work, you must guess several events, which is more difficult to do than guessing a single event. That is why the odds on the bets is much higher and is calculated from the number of events in a multiple bet.

Technically, this is not necessarily the case. There can be a single bet with 4.5 odds and a multi bet that combines very likely outcomes with the cumulative 3.1 odds, right? So it may be not so much about the type of bet as about the odds. So I think there's space for opinion here.

Maybe I did not say exactly. I compared the multi betting ratio to the ratios of each event, which is included by betting on each event separately.
Here is a screenshot below as an example where the odds for each single bet match are less than the final odds in the multi bet.

You'll need to win all of that to win, me, I think it's very risky, anything that says "parlay" is a risky bet though in general betting is risky despite of the odds but what I'm saying is there's lesser chance.

This topic is 8 years ago but it's still applicable now

Why are parlays bad?

Baofeng

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I think it's up to your risk aversion, I mean I do multi bets or parlay, but there is a danger that once you missed only one bet, they all bets are lost, so if you are willing to take that risk then there should be problem. But majority of my bets are single with odds like 1.8 or higher, or even as low as 1.68 when I think that it will definitely win according to my analysis, put good amount of stake and see how it goes. Most of time I don't want to complicate my betting pattern though and doesn't want to spread it out, all in or nothing mentality.

, you win big, you lose big.

Topic: Multi bets vs single bets - page 10. (Read 61719 times)