(Odds discussion) Would you still stick in your favorite casino if....?

freedomgo

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Quote from: YOSHIE on June 11, 2024, 08:57:24 AM

Quote from: freedomgo on June 08, 2024, 12:19:26 AM

Would you shift to the sportsbook with bigger odds or would you stay?

Maybe this is a different understanding, to be honest, if I personally stick to a sports betting site that I think is safe for me personally, it doesn't matter what odds are offered, whether 1.90 or 2.50, I don't care about that, the point is I stick to my stance. Alone.

Considering the casinos are all reputable so we can expect that our funds are safe.

Would you still stick with one casino if they only offered 1.90 while the other offers 2.50?

Quote from: YOSHIE on June 11, 2024, 08:57:24 AM

Moreover, currently I hold three sports betting sites that are here to place sports bets, of course the odds provided are not much different, maybe the value is greater on the sportsbook that I play at the moment, while there are easy ones why look for difficult ones.

For me there is no difference between the old and the new, after all the old and the new also provide sports betting, the odds value is also the same, if I think in this case, it is not changing the place of play, but rather how the sports bet we place can win, that is the point.

Good that you have other options, because sticking with one sportsbook alone, you can't do line shopping, like getting the best value based on the betting odds. Some bettors doesn't really bother looking for other casinos even if they know the odds are higher in that casino. This tells probably that only few of us here are betting a significant money in sports, or we aren't regular bettors at all.

EluguHcman

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Quote from: stadus on June 10, 2024, 09:47:44 AM

Quote from: EluguHcman on June 10, 2024, 07:53:19 AM

Quote from: _act_ on June 09, 2024, 06:05:51 PM

Quote from: AmoreJaz on June 09, 2024, 05:47:46 PM

And if there is a new bookie offering much higher odds than those 3, I would say, be very careful as this may be a trap if they are offering higher odds.

One thing about new bookmakers is that they will try all their best to give better offers than the existing bookmakers. One of the better offers they would give are higher odds. The odds will not be far higher than the existing bookmakers but with just slight differences. But if you use huge amount to calculate the profit, the profit difference can also be somehow high on the new bookmaker. The odd should be of little difference, but if it is very high odds than usual, it would likely be a scam bookmaker.

You are right. Some newly launched casino sites would likely want to make a bit additional odd to other standard casino sites as a marketing strategy to attract bettors and with the little added odd differences, bettors would always want to bet higher wager than expected so that they can increase the winning and when the bettor looses it means the casino gained more but it won that is to say the bettor won more comparing to bettors who betted on the other gambling sites with the standard odds.

But while looking out for these higher odds on different casinos, it would be stress safe if considered sites reputations.

That's a nice strategy for them. Honestly, I didn't realize that it's the kind of benefit sportsbook are getting, they'll put a very attractive odds to attract bettors and when there's more volume of bettors gambling, they'll get a better profit.

Let's make a illustration, we can compare two casinos, 1 has 10% vig and the 2nd has 5% vig on every win.

If casino 1- has total wagers of $2 million.. that's $200k vig.
if casino 2 - has total wagers of $20 million, that's $1 million vig.

So there's really a big difference here, and volume is the key, and the best way to attract volume is to show them the best odds.

As marketing strategies may be concerned, most times those newly casino sites with higher odd to wager bettors are promo terms just to attract bettors and once they have achieved to gain popularity and has also be confident that those bettors has become familiar with them, then the casino odds would be reviewed to be equivalent with other casino site odd.

Peanutswar

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Different casinos have different promotions, perks, and events that people enjoy if they register to their platform, me being active in a sports event its good to see if the casino has the higher odds so I can enjoy my winnings and also if they are offering live games even though I cant watch at least they have their live status of the game, next is the deposit and withdrawal if it's smooth without any cases of issues, but if the casino already gave what I need seems its ideal to stick with so I don't need to get hassle with the new terms and conditions of the casino.

YOSHIE

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Quote from: freedomgo on June 08, 2024, 12:19:26 AM

Would you shift to the sportsbook with bigger odds or would you stay?

Maybe this is a different understanding, to be honest, if I personally stick to a sports betting site that I think is safe for me personally, it doesn't matter what odds are offered, whether 1.90 or 2.50, I don't care about that, the point is I stick to my stance. Alone.

Moreover, currently I hold three sports betting sites that are here to place sports bets, of course the odds provided are not much different, maybe the value is greater on the sportsbook that I play at the moment, while there are easy ones why look for difficult ones.

For me there is no difference between the old and the new, after all the old and the new also provide sports betting, the odds value is also the same, if I think in this case, it is not changing the place of play, but rather how the sports bet we place can win, that is the point.

retreat

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Quote from: freedomgo on June 08, 2024, 12:19:26 AM

Would you shift to the sportsbook with bigger odds or would you stay?

I will stick to the sportsbook that I usually use, even if other sportsbooks have bigger odds. The reason is because I am used to using the sportsbook and their service has made me comfortable using them. Even though they have smaller odds, I don't want to complicate my life just for a sportsbook that has odds that are not that significantly different.

freedomgo

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Quote from: ralle14 on June 09, 2024, 09:35:23 PM

I'd stay with my favorite sportsbook because I bet on different kinds of markets and you'll notice how they'll compensate by juicing the other markets (spread, favorites, live betting, etc.).

Nowadays, there's more to it than simply siding on the sportsbook that offers the best odds, one thing i'd say that's underrated is the sports promotions(early payout, double payout, free bets).

Even if my favorite sportsbook doesn't have the best odds, as long as they offer the best promotions, it's enough to make me stay because it could mean avoiding several losing bets in the future.

Okay, it's one of the reasons why we should stay, and the loyalty promotion as well where you get benefits for being loyal to the sportsbook. For me, I also experienced receiving some free bets from one of the sportsbooks I use. They're not so big, but it's appreciated since it's free.

The boost is what I really like, getting 2.00 from 1.90 is already big because that extra 10% is good enough, especially if betting a significant amount of money. I think the reputation of the casino is also very important, like the fast release of withdrawals and other related things, so I understand why you'd stay.

Doan9269

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It all depends on my choice and what i want at that particular moment, if i see at as still part of my expectations, then i see nothing bad in it than to stay and continue with my gambling, but as for some cases with other gamblers, they cant wait all because they wanted to use that as the only reason for their stake on bet considering the odd, we all have our respective opinions.

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Quote from: freedomgo on June 08, 2024, 12:19:26 AM

Would you shift to the sportsbook with bigger odds or would you stay?

If the difference was as small as you're showing it, so 0.05, I wouldn't bother.
It would cost me more to move my money elsewhere, create a new account, risk going through KYC there, pay all the transaction fees, wait and check if it arrived... That's hours lost that I could spend elsewhere doing something I actually like doing.
also, I don't bet a lot so small difference in payout would maybe be a few dollars if I managed to win. Still less than fees cost.

Silberman

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Quote from: freedomgo on June 08, 2024, 12:19:26 AM

I participated in a discussion in an ANN thread for one of the sportsbooks listed on the forum, and I see that odds are very important. So, I came up with this question to ask the community: how important are the betting odds to you?

Let me name some of the old sportsbooks on the forum that I'm currently using:

1-Duelbits
2-Stake
3-Sportsbet

Just these three for the purpose of demonstration. So, you are constantly betting on sports, and you are using Duelbits as your regular one. You are betting a significant amount, like $1,000 for this demo. We have game 2 of the NBA Finals. The point spread is 7.5, and you choose to bet on the Dallas Mavericks.

For Duelbits, it's offering 1.85.
For Stake, it has 1.80.
For Sportsbet, it has 1.90.

Would you shift to the sportsbook with bigger odds or would you stay?

For your regular gambler it does not make much sense to switch between sportbooks, just because of a small difference between the odds offered in a particular match, so it is better to stick with what you know so you can avoid making unnecessary mistakes, but if we are talking about a professional sport bettor or at least someone trying to reach that goal, then they do not really have any option other than to do this in an effort to become profitable.

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Quote from: Bitinity on June 10, 2024, 03:37:39 AM

I'm not betting much on sports, when I play sports betting, I dont really care about the odds difference because my bet is always small amount only which wont give significant difference when it comes to winning bet. But if I have the chance to bet $1000 or more, for sure I'll try to find the highest odds because the profit difference can be a nice amount. Of course it will also depending on other situation, I mean if I have my money on one specific site already then I think I wont switch to other site just for 1 bet.

Makes absolutely sense and I think you are exactly like myself, and actually for me, I do bet on sports very well, like frequently, But then, I am not really a fan of jumping from one casino to another, paying withdrawal fees to withdraw my money from one casino to another, since I am a type of person that don't like keeping multiple gambling budget, or let me just say that, I am not rich yet, so it's pretty hard for me to budget money for gambling in the amount that will be high enough to keep across different casinos.

So, I simply keep my gambling funds on one casino and do not withdraw from there unless I win a significant and withdrawable amount of money, else, I will just play there until my entire balance turns zero.
And Secondly, like you've said, I also don't do high roller betting, the money I bet on sports are usually small amount of money, in the sense that, even if there is an odd difference between casinos, chasing that won't make any much or noticeable difference since the amount I use to bet is not high enough.
So, I simply just stick with and on the casino Ive initially choosen to play on.

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Quote from: freedomgo on June 08, 2024, 12:19:26 AM

For Duelbits, it's offering 1.85.
For Stake, it has 1.80.
For Sportsbet, it has 1.90.

Would you shift to the sportsbook with bigger odds or would you stay?

For this odds difference, of course I might consider changing bookie since it’s a huge profit difference which is vital for gamblers that is gambling with house edge. But I doubt the difference is that huge on every games they offered.

Also it depends on the VIP level of my account since the odds difference can be compensated by my VIP rewards so it’s useless for me to change bookies if that’s the case. For me, it’s all about profitability when it comes to choosing the provider. Don’t hesitate to change a bookie as long as it’s both safe and trusted if you can have better profit on it.

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Quote from: EluguHcman on June 10, 2024, 07:53:19 AM

Quote from: _act_ on June 09, 2024, 06:05:51 PM

Quote from: AmoreJaz on June 09, 2024, 05:47:46 PM

And if there is a new bookie offering much higher odds than those 3, I would say, be very careful as this may be a trap if they are offering higher odds.

One thing about new bookmakers is that they will try all their best to give better offers than the existing bookmakers. One of the better offers they would give are higher odds. The odds will not be far higher than the existing bookmakers but with just slight differences. But if you use huge amount to calculate the profit, the profit difference can also be somehow high on the new bookmaker. The odd should be of little difference, but if it is very high odds than usual, it would likely be a scam bookmaker.

You are right. Some newly launched casino sites would likely want to make a bit additional odd to other standard casino sites as a marketing strategy to attract bettors and with the little added odd differences, bettors would always want to bet higher wager than expected so that they can increase the winning and when the bettor looses it means the casino gained more but it won that is to say the bettor won more comparing to bettors who betted on the other gambling sites with the standard odds.

But while looking out for these higher odds on different casinos, it would be stress safe if considered sites reputations.

That's a nice strategy for them. Honestly, I didn't realize that it's the kind of benefit sportsbook are getting, they'll put a very attractive odds to attract bettors and when there's more volume of bettors gambling, they'll get a better profit.

Let's make a illustration, we can compare two casinos, 1 has 10% vig and the 2nd has 5% vig on every win.

If casino 1- has total wagers of $2 million.. that's $200k vig.
if casino 2 - has total wagers of $20 million, that's $1 million vig.

So there's really a big difference here, and volume is the key, and the best way to attract volume is to show them the best odds.

EluguHcman

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Quote from: _act_ on June 09, 2024, 06:05:51 PM

Quote from: AmoreJaz on June 09, 2024, 05:47:46 PM

And if there is a new bookie offering much higher odds than those 3, I would say, be very careful as this may be a trap if they are offering higher odds.

One thing about new bookmakers is that they will try all their best to give better offers than the existing bookmakers. One of the better offers they would give are higher odds. The odds will not be far higher than the existing bookmakers but with just slight differences. But if you use huge amount to calculate the profit, the profit difference can also be somehow high on the new bookmaker. The odd should be of little difference, but if it is very high odds than usual, it would likely be a scam bookmaker.

You are right. Some newly launched casino sites would likely want to make a bit additional odd to other standard casino sites as a marketing strategy to attract bettors and with the little added odd differences, bettors would always want to bet higher wager than expected so that they can increase the winning and when the bettor looses it means the casino gained more but it won that is to say the bettor won more comparing to bettors who betted on the other gambling sites with the standard odds.

But while looking out for these higher odds on different casinos, it would be stress safe if considered sites reputations.

Bitinity

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I'm not betting much on sports, when I play sports betting, I dont really care about the odds difference because my bet is always small amount only which wont give significant difference when it comes to winning bet. But if I have the chance to bet $1000 or more, for sure I'll try to find the highest odds because the profit difference can be a nice amount. Of course it will also depending on other situation, I mean if I have my money on one specific site already then I think I wont switch to other site just for 1 bet.

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Quote from: freedomgo on June 08, 2024, 12:19:26 AM

I participated in a discussion in an ANN thread for one of the sportsbooks listed on the forum, and I see that odds are very important. So, I came up with this question to ask the community: how important are the betting odds to you?

Let me name some of the old sportsbooks on the forum that I'm currently using:

1-Duelbits
2-Stake
3-Sportsbet

Just these three for the purpose of demonstration. So, you are constantly betting on sports, and you are using Duelbits as your regular one. You are betting a significant amount, like $1,000 for this demo. We have game 2 of the NBA Finals. The point spread is 7.5, and you choose to bet on the Dallas Mavericks.

For Duelbits, it's offering 1.85.
For Stake, it has 1.80.
For Sportsbet, it has 1.90.

Would you shift to the sportsbook with bigger odds or would you stay?

I think very few people would shift away from their favorite casino for such low difference in odds.I can understand that this should be a normal occurrence when odds change a lot like from 1.85 to 2.3 but I assume no one would change casino for a 0.05 change in odds.I personally would never change my favorite casino no matter what odd difference I can find in other casinos,the reason for this is because I lose loyalty points that help me achieve better VIP levels if I change the casino.Most casinos know this too well and they keep offering good loyalty bonuses exactly for this reason,to keep people hooked.

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Quote from: AmoreJaz on June 09, 2024, 05:47:46 PM

Quote from: KTChampions on June 09, 2024, 05:10:02 PM

In betting, odds and value are everything. If you have the opportunity to place a bet with better odds, you must do so. Another question is choosing a casino/bookmaker. Personally, I use several proven casinos and even if I see better odds in other casinos, I won’t go there because it adds risks plus costs (time, mental effort, transaction fees).
To be honest, I don’t even know what needs to happen for me to move on to a new project, given that the old ones are working perfectly.

Since the bookies that the OP mentioned are known and reputable ones in the forum, I believe I would just choose among those 3, if you are already using them for years. And if there is a new bookie offering much higher odds than those 3, I would say, be very careful as this may be a trap if they are offering higher odds.

Absolutely right - in order for me to leave proven bookmakers where I have been playing for a long time to new ones, they must have super favorable quotes. But the higher the quotes (more value), the less likely it is that this is not a scam, so in fact I won’t go anywhere in any case. The paradox is that new projects must offer conditions that are too favorable to be true.

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Quote from: alani123 on June 08, 2024, 06:56:21 PM

For those that spend most or all of their gambling balances on sports then yes odds are everything. Most crypto sports books are just mirroring odds of other sites or bookie providers but with some odds worsened to account for their profit plus also crypto conversion and operation costs that might be a little higher.

So I would expect odds to be lower. But playing with crypto adds a lot of convenience so I don't look at they ususlly.

The odds do also exist in casino games actually but maybe the popular term that is used here is multiplier, winning chance, and even RTP. Odds are everything if you are gambling for profit because this can determine if how much return of money you will get and as well as if you have a better winning chance in the game or not.

Creating a casino or a sports betting platform, especially a crypto-based one is always not cheap but in my opinion they should not compromise the odds. So that if more people will get attracted to their odds, they can still earn better this way and they will soon recover their ROI's with additional profits on the side.

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Quote

For Duelbits, it's offering 1.85.
For Stake, it has 1.80.
For Sportsbet, it has 1.90.

Yes, I would definitely stick to my favorite casino, because I trust it. The odds don't matter that much. There might be some shady unknown bookies offering odds like 2.5 or 3 for the same games, but I'm always cautious. If something seems too good to be true, it most likely is a scam. Of course, you could try other casinos, that are offering higher odds, by placing a small bet in them, but I'm just too lazy to do this and I don't care that much about the potential profits. I'm kinda conservative and I would always choose reliability over profit maximization.

ralle14

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I'd stay with my favorite sportsbook because I bet on different kinds of markets and you'll notice how they'll compensate by juicing the other markets (spread, favorites, live betting, etc.).

Nowadays, there's more to it than simply siding on the sportsbook that offers the best odds, one thing i'd say that's underrated is the sports promotions(early payout, double payout, free bets).

Even if my favorite sportsbook doesn't have the best odds, as long as they offer the best promotions, it's enough to make me stay because it could mean avoiding several losing bets in the future.

freedomgo

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Quote from: _act_ on June 09, 2024, 06:05:51 PM

Quote from: AmoreJaz on June 09, 2024, 05:47:46 PM

And if there is a new bookie offering much higher odds than those 3, I would say, be very careful as this may be a trap if they are offering higher odds.

One thing about new bookmakers is that they will try all their best to give better offers than the existing bookmakers. One of the better offers they would give are higher odds. The odds will not be far higher than the existing bookmakers but with just slight differences. But if you use huge amount to calculate the profit, the profit difference can also be somehow high on the new bookmaker. The odd should be of little difference, but if it is very high odds than usual, it would likely be a scam bookmaker.

You have to check the reputation of a sportsbook you are using first, and if it passes for you, then you can compare the odds. I think there are only a few bookmakers in the market, so most likely the number of casinos have the same bookmakers. You are right, there should only be a slight difference, but a 5% difference is already big if we are betting a significant amount.

I am not a big bettor, but I've known bettors who bet $1 million, like the famous Drake. If he bets $1 million at odds of 1.85 instead of getting 1.90 from another sportsbook, that's a difference of 5%, which is equivalent to $50,000. That's still a huge amount of money, I believe.

Just a little odds comparison on today's game from the sportsbook mentioned in the OP.

Dallas +5.5

sportsbet 2.10
stake 2.16
duelbits 2.15

Topic: (Odds discussion) Would you still stick in your favorite casino if....? (Read 354 times)