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Topic: Multi bets vs single bets - page 9. (Read 61719 times)

copper member
Activity: 2968
Merit: 574
www.Crypto.Games: Multiple coins, multiple games
October 31, 2020, 01:21:30 PM
That is just a coincidence or pure bad luck I would say. Doesn't matter if you place a single bet or a multiple bet, your outcomes won't change. You managed to win all bets placed serially. But this does not automatically mean that all single bets you placed will always be a winning game. Keep on playing like this and you will see that you are also losing bets. You might even face some situation where a lot of single bets you placed didn't win at all.
-snip-
So my question is whether you prefer multi bets to single bets and whether you find multi bets significantly more risky than single bets.
As far as I know, all bets has the same amount of risk. So it doesn't matter if you place multiple bets or a single bet. Though placing single bets gives you better opportunity to handle everything.
legendary
Activity: 2310
Merit: 1899
Leading Crypto Sports Betting & Casino Platform
October 31, 2020, 11:56:41 AM
From a mathematical point of view, single bets are much better, since although they are unprofitable in the long run, they are much less unprofitable than multi-bets. I can't give a link now, but there have been many calculations on this topic.
From the point of view of psychology, it is still easier - it is much easier to come to terms with the defeat of the team on which the bet was made than with the fact that the multi-bet lost due to any one event.
full member
Activity: 1456
Merit: 148
October 31, 2020, 10:56:49 AM
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.
Likewise me too, becasue sometimes i do prefer to bet on a single bet than multi bet. Currently, from the new opening after the pandemic, i have made some single bets which has given me the required profits from my bets[going for the team i trusted most in this regard], those single bet when assured are the best than going for the multi best which can be ruin by just a score.
sr. member
Activity: 1456
Merit: 267
Buy $BGL before it's too late!
October 31, 2020, 10:32:27 AM
I guess this depends on the amount that I am betting. I am not that big of a bettor but if I wanted to bet big, it is a small amount to other big gamblers though, I usually go with a single bet. Usually these bets are those bets that I do to teams I actually support and have a confidence that would win. I do multi bets some time but with lower amount.

Most might be doing the same in terms of betting with single bet, whenever you feel that the team or player that you
are picking or if the said pick is the one that you truly supporting, you tend to bet on it big time.

There are gamblers who are good in finding great selections of parlay bets, they are really take some time
looking for games that valuable and combine them for much better winnings.

After all this, it's still depends from your intentions, and how you manage your gambling,
but practically it's more enjoyable when you hit the big win when you do parlays.
sr. member
Activity: 2310
Merit: 366
October 31, 2020, 09:54:09 AM
If I would play gambling, I would say I'd choose single bet, because for me it's nonsense to place multiple bets and just one of it will give you profits while you lose even more. I mean let's say I'd do multiple bets like 1-10 (choices) and then number 8 would win and I'll lose the rest of my bets (betting same amount of money each number).

What kind of multi-bet are you referring to? I don't understand your opinion at all. What do you understand by multiple bets? I don't know your personal experience, or if you indeed have one on multi-betting, but in a multi-bet or parlay betting, if you lose a single bet you lose everything. There is nothing like what you said that you lose your 9 bets and 1 is winning so you are winning a little amount compared to your loss.

Quote
So betting a single bet is more reasonable to do, keeping the winning chances low but winning bigger amount while you lose or win your money slowly.

Single betting does not mean your chances of winning is low or high. It depends on the odds.
sr. member
Activity: 1638
Merit: 300
October 31, 2020, 09:24:45 AM
I guess this depends on the amount that I am betting. I am not that big of a bettor but if I wanted to bet big, it is a small amount to other big gamblers though, I usually go with a single bet. Usually these bets are those bets that I do to teams I actually support and have a confidence that would win. I do multi bets some time but with lower amount.
sr. member
Activity: 2324
Merit: 454
October 31, 2020, 08:59:54 AM
If I would play gambling, I would say I'd choose single bet, because for me it's nonsense to place multiple bets and just one of it will give you profits while you lose even more. I mean let's say I'd do multiple bets like 1-10 (choices) and then number 8 would win and I'll lose the rest of my bets (betting same amount of money each number).

So betting a single bet is more reasonable to do, keeping the winning chances low but winning bigger amount while you lose or win your money slowly.
full member
Activity: 2394
Merit: 198
★Bitvest.io★ Play Plinko or Invest!
October 31, 2020, 08:52:30 AM
Obviously i am for single bet because i am not really a gambler and only plays when having a time and enough Budget.
this is never been a priority to me though i open bet in Local basketball gambling in which i am lucky mostly.
so Single betting is much safe and tender for people like e.
and also those gamblers that i knew had been using this strategy because they are preventing self from becoming addicted ,because multi betting may sort to this kind of behavior when you cannot control yourself anymore from betting .
legendary
Activity: 3038
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
October 31, 2020, 08:04:00 AM
in the beginning I made simple bets, but what I realized in the long run is that my profit was very small that sometimes I no longer saw the grace of making sports bets. until I started making Multi bets and the first time I lost, the second time I lost and lost again the third time, but the fourth time I won and recovered my losses and I had huge profit and the advantage was that I only had to place a bet with the same amount and I won the fifth time and I had profit and then I just started making multi bets. I prefer to lose on the Multi bet, but at least I know I had fun watching the game and placing a bet and if I win I know that the profit will be very large. I see Multi bets as a lottery ticket but with a better chance of getting it right
sr. member
Activity: 1120
Merit: 437
https://bitcointalk.org/index.php?topic=5274318.0
October 31, 2020, 07:39:18 AM
In this case (betting on small odds), I prefer to combine my bet into 1 mixparlay.
Let say the highest odds you will bet is x1.1, you will need to win 10 matches before you can lose once.
Once you lose your bet, you need to recover it from a bunch of match again.

Also, I believe you will still check more information about the match, not pick it blindly.
It’s not a dice game where you can just click roll button.
Soccer bet is time and mind consuming  Grin
Make it worth it.


legendary
Activity: 3234
Merit: 2112
I stand with Ukraine.
October 31, 2020, 06:40:34 AM
#99
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!

Actually if you combine all the probabilities, the chances of winning is actually 50% and not 12% because if the whole event is taken into one account, chances are it will happen or not happen, which is 50-50.

Generally, speaking it has as much winning chance than a 50% win chance. Plus it's easier to make more amount on multiple single bets which I won't disagree. But, I have seen many people making huge money off multi-bets!

You are wrong, please read something about probabilities. Smiley

@johhnyUA said it right, to obtain the probability of several events to occur(or, your several predictions to be true all together), you need to multiply the probabilities of each event.
legendary
Activity: 3080
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Hhampuz for Campaign management
October 31, 2020, 05:35:09 AM
#98
It turns out that many choose a single bet, definitely because they are eyeing a big win. Though I love multi bet, because I believe multi bet
can increase our chances of winning.
No, it's not like that, multi be in reality will lower your chances of winning compared to single bet, maybe big winning but you need to be lucky to do that.

By betting on several matches, usually one of them will work. To reduce the risk, multi bet can stake with
less amount. Even though the profit I made from multi bet was smaller than the single bet. But for me playing multi bet is more interesting,
because it is more challenging.
Huh? your statement seem to be different to what everyone are thinking and experiencing.

Multi bet results to bigger win due to high odds, single bet lower win due to lower odds, should work that way.
Unless you are betting $1000 for a single bet and 1$ for a multi bet.
full member
Activity: 1022
Merit: 133
October 31, 2020, 04:38:02 AM
#97
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!

Actually if you combine all the probabilities, the chances of winning is actually 50% and not 12% because if the whole event is taken into one account, chances are it will happen or not happen, which is 50-50.

Generally, speaking it has as much winning chance than a 50% win chance. Plus it's easier to make more amount on multiple single bets which I won't disagree. But, I have seen many people making huge money off multi-bets!
sr. member
Activity: 1876
Merit: 318
October 31, 2020, 04:26:00 AM
#96
It turns out that many choose a single bet, definitely because they are eyeing a big win. Though I love multi bet, because I believe multi bet
can increase our chances of winning. By betting on several matches, usually one of them will work. To reduce the risk, multi bet can stake with
less amount. Even though the profit I made from multi bet was smaller than the single bet. But for me playing multi bet is more interesting,
because it is more challenging.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
October 31, 2020, 04:19:15 AM
#95
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.
That is because people don't think about taking losses. They only place their bets and want to enjoy the game. If they are losses, in the end, some of them will not think because lose and win will be part of the game. Using your money that you can be the best suggestion for all people who want to gamble.

Single bets or multi bets, it doesn't matter because in the end it will come down to these 2 things
Win or Lose.

I don't think that betting on single or multi doesn't matter because what matters is your winnings but to answer the question, in terms of profit single bet is obvious to choose because putting it on one team that has a higher chance to win will give you more profit than diversifying it but the downside of that is it is more risky than multi betting since you are diversifying your bets so that if the one bet win and one losses then still you have some money left to use.
I prefer to diversifying in an asset than diversifying in gambling Grin
Because an asset can give me to make money, but in gambling, I feel it's hard for me to make money since I don't know much about sports betting. But multiple bets can work well if they can have valid data to select the team on each game. Maybe if people can collect many inputs from many sources and know which team to choose, they can use multi bets. But don't forget that you will have a bigger risk if you choose multi bets than if you choose a single bet.
legendary
Activity: 3080
Merit: 1144
October 31, 2020, 03:40:25 AM
#94
Single bets or multi bets, it doesn't matter because in the end it will come down to these 2 things
Win or Lose.

I don't think that betting on single or multi doesn't matter because what matters is your winnings but to answer the question, in terms of profit single bet is obvious to choose because putting it on one team that has a higher chance to win will give you more profit than diversifying it but the downside of that is it is more risky than multi betting since you are diversifying your bets so that if the one bet win and one losses then still you have some money left to use.

Diversifying is does not guarantee a win, it's purpose is to minimize the risk and actually it's more applicable when investing where we allocate a certain percentage on different coins to complete your 100% investment.

Here in crypto gambling, you minimize the risk by using the "bankroll management", you make your bankroll for long term that you only put a certain percentage every time you bet.
legendary
Activity: 2422
Merit: 1036
Chancellor on brink of second bailout for banks
October 31, 2020, 02:20:49 AM
#93
Single bets or multi bets, it doesn't matter because in the end it will come down to these 2 things
Win or Lose.

I don't think that betting on single or multi doesn't matter because what matters is your winnings but to answer the question, in terms of profit single bet is obvious to choose because putting it on one team that has a higher chance to win will give you more profit than diversifying it but the downside of that is it is more risky than multi betting since you are diversifying your bets so that if the one bet win and one losses then still you have some money left to use.
member
Activity: 1120
Merit: 30
Bisq Market Day - March 20th 2023
October 31, 2020, 02:18:01 AM
#92
Single bet is my favorite but since we enter pandemic it hard me to win as usual. The game is not too hard to win but since covid-19 came many has loss a lot of money on single bet. When the profit of multi bet is too high but the profit is a good profit if you can win. But many people don't like multi bet because of the high fees that attached to the bet. Single bet carry more population of Gambler than multi bet that every gambler is afraid to bet because of the high fees.
full member
Activity: 574
Merit: 101
October 31, 2020, 02:05:23 AM
#91
Currently on poll results:

It seems people do really prefer single bets than multi's which is understandable.

Single bet still most votes at the moment
Code:
Multi - 3 (7.1%)
Single - 27 (64.3%)
50/50 - 12 (28.6%)
Total Voters: 42
but, there are still less than who have posted in this thread (79 User).

I also voted on a single bet where I have experience with multiple bets when get winning and losing at the same time, I think it's wasting my time.

In my opinion, I have only 2 choices, win or lose.
There is a different advantages between single bet and multi bet. Focusing your money to bet on a single side can give you a big earnings if you win but have a small chance of winning but when you have multi bet you have a bigger chance of winning but you will only earn small. If you are gambler who can predict easily the game, why are you using multi bet but if you are not a pro gambler and don't know what to win then it is better to have multi bet.
legendary
Activity: 2366
Merit: 2054
October 31, 2020, 01:43:57 AM
#90
Currently on poll results:

It seems people do really prefer single bets than multi's which is understandable.

Single bet still most votes at the moment
Code:
Multi - 3 (7.1%)
Single - 27 (64.3%)
50/50 - 12 (28.6%)
Total Voters: 42
but, there are still less than who have posted in this thread (79 User).

I also voted on a single bet where I have experience with multiple bets when get winning and losing at the same time, I think it's wasting my time.

In my opinion, I have only 2 choices, win or lose.
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