My Unconventional Betting Strategy | Bitcointalksearch.org

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Quote from: Poker Player on December 02, 2022, 01:24:51 AM

Quote from: Davidvictorson on November 30, 2022, 08:38:41 AM

They say two good heads are better than one, I couldn't agree more. Here's a an unconventional betting strategy that me and my friends have come up with to bet on some of the world cup games. I totally love it because we have cashed out about $1000 since the games began.

What I have put in bold is a confirmation bias. You have cashed out $1k in the same way you could have cashed out betting alone.

True if OP has the capacity and brave enough to risk that huge amount of money. Remember the win is from the shared amount of money and the bet might be lower if it was done alone.

There are lots of aspects to consider here like @harizen stated.

Quote from: Poker Player on December 02, 2022, 01:24:51 AM

Quote from: Davidvictorson on November 30, 2022, 08:38:41 AM

Also, it minimized the losses and everyone goes home happy.
...
For me it has a lot of advantages -

- it minimizes losses

No, it does not minimize them, especially if we talk in percentage terms. If the RTP is 95%, whether you bet with your friends or alone, whether you bet $1k or $1M, the return is 95%. If you mean in absolute terms, how much cash you lose, of course, you lose less in relation to the bet you and your friends have made, but because if you win you will win less too.

It does minimize the losses because the bankroll is being filled up by more than 1 person. Imagine if there is $1000 bankroll filled alone by 1 person, and lost the amount. The impact to his financial status is negative $1000 while when that $1000 is the total fund shared by 4 individual and lost, the only impact to the person is only $250 not $1000. Advantages always had its disadvantage. With lower losses comes lower profit since the winnings is also shared by all individual.

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Quote from: Poker Player on December 02, 2022, 01:24:51 AM

What I have put in bold is a confirmation bias. You have cashed out $1k in the same way you could have cashed out betting alone.

The cashout money won't be the same because the risk-money or the amount put on the bet is different if OP instead bets alone compare to when he shared his bankroll with his friend. Generally, because of their joined money, they are able to bet more passing the limit of their own supposed affordable amount. Although yes, OP has a chance to win alone.

We also have to point out that OP and his friend shared analysis with each other forming a final decision on what or where should they bet that's why we aren't sure if OP will have the same winning result if he decides on his own.

Well then, what matters here is, they have won already at this point. Of course, others should not think that they will have the same good result by doing such a way of cooperating with friends every time. It's no different from betting alone and we are talking about gambling here.

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Quote from: JoyMarsha on December 02, 2022, 06:42:03 AM

Your friend and you have a wise plan of action (you guys win together and lose together). At least you can both thoroughly evaluate a game before placing a bet on it. I've attempted this type of tactic before (betting with a friend), but we eventually stopped because he tried to introduce greed into the game we won together. He keeps insisting that he analyzes games more thoroughly than I do because of the assumptions, that lead to the end of our joint betting.

While betting with a friend might be enjoyable and reduce losses, I would advise against it if you want to avoid future arguments. The going may initially seem easy, but over time when enormous money keeps rolling in, things start to rocket in a soar manner that you can't explain

However, fortunately in this case Op's target was a gamble on the Qatar world cup. however, if it continues to the league competitions. it can be possible what happened to your experience, it can also happen to Op and his friends later. it's just that in this case, and even then if you always get lucky. but the fact is, despite betting only three games, as Op explained. does not guarantee that it will always win, even though it involves a lot of heads trying to analyze it.

Football is not just talking based on paper and statistics. but often, what happens on the field when the game is running is different from what we have analyzed before. and this is proven, in the world cup this time there were many surprises. nevertheless, I agree with what you say. things like this can cause disputes in the future. however, I don't wish that to happen to the Op, and must nevertheless wish them good luck and cheers while this world cup event is still going on.

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Quote from: Gozie51 on December 02, 2022, 11:01:39 AM

Quote from: Davidvictorson on November 30, 2022, 08:38:41 AM

They say two good heads are better than one, I couldn't agree more.

True but does it have to be in gambling? To me this is risky.

It doesn't say that it is forbidden to be applied in gambling though. Besides, everything has its risk.

Quote from: Gozie51 on December 02, 2022, 11:01:39 AM

Quote from: Davidvictorson on November 30, 2022, 08:38:41 AM

The strategy - We created one betting account with a local gambling site prior to the World Cup Games. We all contribute equal amount of money to fund the wallet. And using different analysis we place our bets on at least 3 of the world cup games every day.

This kind of business venture might later turn out bad IMO. Usually when you start such it can be sweet because of the gains that come off it but what about when you start making loses because in gambling loses will come too. So have you considered the legal side to this your newly found business venture. You have to understand in partnership you have to write down your agreements that you follow. It may be for the purpose of the world cup that will end soon that you have come together in such a way with your friend but incase don't always have things concerning money and business not put down in pen and paper because there is always a reason why that is needed, just so you can have proves and evidence.

There is a possibility but as long as the individual knows what they are doing and the risk involved, they can accept whatever the result of their strategy. I am sure they know each other and all have access to the account. The deposit and withdrawal of the fund are probably in real time where they are present and the distribution of profit is right after the bet. Unless someone is nefarious enough to backstab their friends, I think this venture will be fine. Besides legal binding doesn't ensure that someone will not betray their friend.

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I find it quite strange that this thread is receiving much more positive replies compared to that one thread which discussed a gambler having a joint account with his friend but later on parting ways with him after winning a huge amount and soloed all the winnings.

But, yeah, this way has a lot of pros especially if both parties are in agreement with all the bets that will be made on the account. I, myself, do this method with one of my friends to be able to play more games and have much better data and knowledge on a game that we both know. Also, we are able to bet on games that only one of us knows, this way, we will be able to spread more bets on different games.

Still, it should only be done with someone you know and trust as you might end up getting greedy and run away with all the funds by yourself. Right now, we are discussing with more of our group to have a much larger bankroll to bet on another account.

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Quote from: coin-investor on December 01, 2022, 06:30:32 PM

Pool betting among your friends is good if you have developed a deep and long relationship that all of you will not be hurt by wrong decisions and partitions of bets, I don't do this I prefer to bet on my own so I can bet what I want to bet and enjoy the game and results because I know that I decide it on my own especially for sports betting when there are teams or fighters with equal skills and strength but if you want to make money and all of you are supporters and bettors of one sports and good in analysis then this is a good strategy.
The most important is you will all accept the outcome.

This strategy will certainly work if the rest of your friends are into common beliefs and interest, and no one will contradict one’s bet and analysis, as everyone works as a team. That would be more fun gambling with your friends, the bond is more than enough than money and profits. But it’s not what I experienced in gambling, I gamble alone following my own bet and analysis, and I only meet some new friends there gambling for fun and profits too.

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Quote from: serjent05 on December 01, 2022, 04:51:40 PM

Quote from: Davidvictorson on November 30, 2022, 08:38:41 AM

Do you have a unconventional betting strategy that have been working for you? Do Share.

First, it is a good thing to have our friend in a gambling engagement, what more exciting is that the strategy is discussed among friends and comes up with the best possible result of the match, more heads are indeed better than one, especially since all heads are sports savvy.

As for me, I only gamble alone since I like slots game and rarely bet on sports so I don't have any unconventional betting strategy.

Well, for me I love sportsbetting but i still prefer to gamble alone, maybe because I’m not comfortable and even used to gamble with the money I don’t solely own. But good thing for you, you have some friends to share your common interest and bet in gambling. That makes winning chances high because of shared analysis, but I’m also having fears once the loss consistently happened, I doubt if you will still decide to gamble as a group.

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Quote from: Davidvictorson on November 30, 2022, 08:38:41 AM

They say two good heads are better than one, I couldn't agree more. Here's a an unconventional betting strategy that me and my friends have come up with to bet on some of the world cup games. I totally love it because we have cashed out about $1000 since the games began. Also, it minimized the losses and everyone goes home happy.

The strategy - We created one betting account with a local gambling site prior to the World Cup Games. We all contribute equal amount of money to fund the wallet. And using different analysis we place our bets on at least 3 of the world cup games every day.

For me it has a lot of advantages -

- it minimizes losses
- it reduces the chances of being addicted
- it helps to build bonding. We hang out. We watch the game and we have fun.
- We have a budget and we stick to it. It sorts of builds accountability.

Do you have a unconventional betting strategy that have been working for you? Do Share.

I did not understand what was the strategy you usedto stay on the profits. You basically told us how you and your friends organize to bet in a joint effort but you did not explained what sort of strategy were you using. Do you look for valuable odds or do you bet on ongoing games with the most possible outcome? So, when you are placing the bets what matters the most for you guys_

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Quote from: Davidvictorson on November 30, 2022, 08:38:41 AM

They say two good heads are better than one, I couldn't agree more. Here's a an unconventional betting strategy that me and my friends have come up with to bet on some of the world cup games. I totally love it because we have cashed out about $1000 since the games began. Also, it minimized the losses and everyone goes home happy.

The strategy - We created one betting account with a local gambling site prior to the World Cup Games. We all contribute equal amount of money to fund the wallet. And using different analysis we place our bets on at least 3 of the world cup games every day.

For me it has a lot of advantages -

- it minimizes losses
- it reduces the chances of being addicted
- it helps to build bonding. We hang out. We watch the game and we have fun.
- We have a budget and we stick to it. It sorts of builds accountability.

Do you have a unconventional betting strategy that have been working for you? Do Share.

Sorry I do not see your "strategy" working out. If you are hoping to crowd-source the most popular betting choices, you are going to need to be aware that you need much more data input than only from a few friends. And it is completely redundant as well, seeing as you can put together the same data from third party data sources by yourself.

And putting all the money into one wallet? Who is going to maintain the wallet? Why do we need to trust someone else to hold our funds? Sounds sketchy.

The advantages are non existant, as it would seem to me. You have failed to even explain how those advantages would come about.

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Quote from: Davidvictorson on November 30, 2022, 08:38:41 AM

They say two good heads are better than one, I couldn't agree more.

True but does it have to be in gambling? To me this is risky.

Quote from: Davidvictorson on November 30, 2022, 08:38:41 AM

The strategy - We created one betting account with a local gambling site prior to the World Cup Games. We all contribute equal amount of money to fund the wallet. And using different analysis we place our bets on at least 3 of the world cup games every day.

This kind of business venture might later turn out bad IMO. Usually when you start such it can be sweet because of the gains that come off it but what about when you start making loses because in gambling loses will come too. So have you considered the legal side to this your newly found business venture. You have to understand in partnership you have to write down your agreements that you follow. It may be for the purpose of the world cup that will end soon that you have come together in such a way with your friend but incase don't always have things concerning money and business not put down in pen and paper because there is always a reason why that is needed, just so you can have proves and evidence.

Quote from: Davidvictorson on November 30, 2022, 08:38:41 AM

For me it has a lot of advantages -

- it minimizes losses
- it reduces the chances of being addicted
- it helps to build bonding. We hang out. We watch the game and we have fun.
- We have a budget and we stick to it. It sorts of builds accountability.

Do you have a unconventional betting strategy that have been working for you? Do Share.

Truth is that all these are not advantage to that. You can do all those or restrict yourself off them as a single bettor.

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Quote from: Davidvictorson on November 30, 2022, 08:38:41 AM

They say two good heads are better than one, I couldn't agree more. Here's a an unconventional betting strategy that me and my friends have come up with to bet on some of the world cup games. I totally love it because we have cashed out about $1000 since the games began. Also, it minimized the losses and everyone goes home happy.

The strategy - We created one betting account with a local gambling site prior to the World Cup Games. We all contribute equal amount of money to fund the wallet. And using different analysis we place our bets on at least 3 of the world cup games every day.

For me it has a lot of advantages -

- it minimizes losses
- it reduces the chances of being addicted
- it helps to build bonding. We hang out. We watch the game and we have fun.
- We have a budget and we stick to it. It sorts of builds accountability.

Do you have a unconventional betting strategy that have been working for you? Do Share.

Your strategy isn't a bad one and the hanging out area gave me so much insight and pictures of how that kind of gethering would look like because I have this group of friends of about two and we all love to hangout most days after work and especially weekends for much more longer time of discussion and one thing is the fact that we are ladies who love football and are also football enthusiast which is very uncommon in my local neighborhood and when people see us around they just conclude we are talking nothing but football though we don't gamble or so but I could also remember a day the argument was so heated that we had to bet $50 each and I won but we all soent it together on pizza and some ice cream.

I basically don't let people know I gamble, because it doesn't speak nice of a day in my country, so I just stay low key and do my bettings online and don't even get my friends involved.

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Quote from: roslinpl on December 01, 2022, 04:27:20 PM

Many people had a strategy to play with full of his holding money to double it. Some may use to play gambling by using 50 percent of holding money. But my strategy is using the money, which I had afford to loss. That money should not affect the regular way of my life even if I had loss that complete money. If you follow this strategy, you will only enjoy the gambling and get some fun from instead of losing the hope in the gambling. Full loss will gives you negative opinion on gambling.

here's a good example of planning to avoid ruin
if one just give in to their emotions then they'll probably end up losing a lot when the luck tide turns the other way.

better to at least put some thought in the future and consider what will be the outcomes of our present decisions.

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Quote from: JoyMarsha on December 02, 2022, 06:42:03 AM

Your friend and you have a wise plan of action (you guys win together and lose together). At least you can both thoroughly evaluate a game before placing a bet on it. I've attempted this type of tactic before (betting with a friend), but we eventually stopped because he tried to introduce greed into the game we won together. He keeps insisting that he analyzes games more thoroughly than I do because of the assumptions, that lead to the end of our joint betting.

While betting with a friend might be enjoyable and reduce losses, I would advise against it if you want to avoid future arguments. The going may initially seem easy, but over time when enormous money keeps rolling in, things start to rocket in a soar manner that you can't explain

Nice overview as it is possible to happen though depends on how both party acts and on your end changes take place. Maybe it may also take place, but if both are good at controlling their emotions.

They can avoid arguing who's going to lead their betting journey, as long as good communication and
both are wiling to adjust, win together or lose together with the same attitude towards, this journey may
last long.

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Your friend and you have a wise plan of action (you guys win together and lose together). At least you can both thoroughly evaluate a game before placing a bet on it. I've attempted this type of tactic before (betting with a friend), but we eventually stopped because he tried to introduce greed into the game we won together. He keeps insisting that he analyzes games more thoroughly than I do because of the assumptions, that lead to the end of our joint betting.

While betting with a friend might be enjoyable and reduce losses, I would advise against it if you want to avoid future arguments. The going may initially seem easy, but over time when enormous money keeps rolling in, things start to rocket in a soar manner that you can't explain

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Quote from: dothebeats on December 01, 2022, 06:37:18 PM

How does it minimize your losses anyway? I agree to the other points but not on this one. You will equally be getting/doing the same number of bets if you're alone anyway, just not the amount of money you put in. Unless if your friend is some kind of a god or some sort in sports betting that is. It only helps you pool your money for better payout, spend more time in decision making and that's it, risk of losing remains the same.

It is obvious that what they are doing with a friend is not a strategy, much less a profitable strategy. Just now, while they are in the black, positive emotions and a desire to show off lead to the creation of such topics, but in fact this strategy is not unconventional and will lead to natural results if they continue to bet.

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Quote from: SirLancelot on December 02, 2022, 12:21:01 AM

Quote from: alegotardo on November 30, 2022, 08:26:00 PM

Certainly, any "unconventional" strategy will come out as a winner in this FIFA World Cup.

We are witnessing the result of extremely improbable games taking place in this championship.... consecrated teams are tying and even losing to others that do not have any "favouritism" in football. It's pretty insane.

I'm happy to know that at least someone is making a profit from betting on this world cup, I myself am quite disappointed with some of the results.

But, could you give us more details about these unconventional bets, what are these adopted strategies? Or is this a friends secret?

I think the strategy they got there isn't totally what we call unconventional because if im not mistaken there are already a betting service like that where they combine bets from other people to form a really huge bet. It can also be done locally with our friends and family. Not all that those who do this are going to be a winner but in gambling, there will also be losers.

It's normal so don't disappoint yourself too much. What you should do instead is take this as a lesson and learn something from it. Like you said you witness that those who don't rely on favourites can sometimes win. I bet you now know what to do the next. Don't be afraid to experiment and try something new. Good luck!

But you have to remember if you want to experiment, use less money because if our experiment fails, we will suffer defeat. The current World Cup might be more interesting because some teams that are not favored can win from seeded teams, so we have to be careful in analyzing. If the result is a win, we will be happy, but if not, we shouldn't be too disappointed because we still have a chance to win in the next round. We have to keep trying to analyze the teams that will compete so we can win and even though it's not easy, at least we've tried to analyze it.

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Nah, maybe you don't have any problem until now since you guys still making profit, but when you guys suffer losses and the one person can't accept it, there's will be a problem and it might ruined your friendship.

I already have experience when working with a group where there's few person doesn't have the same goal and can't accept the risk, it really need to replace those people with people with a same goal. The thing is, it's really hard to find such people.

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Quote from: Davidvictorson on November 30, 2022, 08:38:41 AM

They say two good heads are better than one, I couldn't agree more. Here's a an unconventional betting strategy that me and my friends have come up with to bet on some of the world cup games. I totally love it because we have cashed out about $1000 since the games began. Also, it minimized the losses and everyone goes home happy.

You cannot argue with success, you are all happy about this because so far it works but what if you lose money because of a conflict of what to bet, time will come when there will be something like this, I will call it a good strategy if you've been using it for several months and on many sports betting, so my advice is to enjoy it for now if the strategy is good then time will tell that it really is

Quote

The strategy - We created one betting account with a local gambling site prior to the World Cup Games. We all contribute equal amount of money to fund the wallet. And using different analysis we place our bets on at least 3 of the world cup games every day.

For me, it has a lot of advantages -

- it minimizes losses
- it reduces the chances of being addicted
- it helps to build bonding. We hang out. We watch the game and we have fun.
- We have a budget and we stick to it. It sorts of builds accountability.

The good part is bounding I could not think of betting with my friends, luck plays a factor when there is money involved between friends there's going to be a rift, it's always bad business when you're doing partnership with friends with characters different from yours, so just enjoy it while it lasts, and stay as friends whatever happens.

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Quote from: Davidvictorson on November 30, 2022, 08:38:41 AM

They say two good heads are better than one, I couldn't agree more. Here's a an unconventional betting strategy that me and my friends have come up with to bet on some of the world cup games. I totally love it because we have cashed out about $1000 since the games began.

What I have put in bold is a confirmation bias. You have cashed out $1k in the same way you could have cashed out betting alone.

Quote from: Davidvictorson on November 30, 2022, 08:38:41 AM

Also, it minimized the losses and everyone goes home happy.
...
For me it has a lot of advantages -

- it minimizes losses

No, it does not minimize them, especially if we talk in percentage terms. If the RTP is 95%, whether you bet with your friends or alone, whether you bet $1k or $1M, the return is 95%. If you mean in absolute terms, how much cash you lose, of course, you lose less in relation to the bet you and your friends have made, but because if you win you will win less too.

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Quote from: AmoreJaz on December 01, 2022, 07:17:18 PM

Quote from: minime0105 on December 01, 2022, 06:42:18 PM

For me having a team or group for prediction of game or matches can work out very good in a process where by the predictors are good in soccer game, and that is not a criteria to be shown that this people is going to make well or continuously winning all their predictions, because i believe that prediction of game is dependable on the luck and ability to study the two parties method of playing in their previous matches. Because such team can be failed because it's not hundred percent assured of wining every matches predicted.

that's their advantage, he has other friends that are contributing to the analysis of the games. as long as they agree that no matter what the outcome of their bet, no blaming or of that sort, they will enjoy this collaboration. sometimes it is not about the money, but the friendship that you will form to these people. because you will know if they will be at your side no matter what the situation is. but if because of money, you will have a misunderstanding, you know you are not in the right group.

That's their concept because not everybody can come together and analysis match together and make it, another thing is that their will be a problem within in the time of sharing or dividing the money they profit from predicting such games, because one oe two person's will fee that they are superior in contribution than another for the prediction. I did not say that having a team is not something that is not good but the only thing is understanding during the time of sharing the money

Topic: My Unconventional Betting Strategy (Read 640 times)