Topic: On what kind of gambling you got maximum reward from betting? - page 5. (Read 20154 times)

The gambling odds that made me the biggest profits was on football. Its easy to make money on football but definitely not fast and quick. Suppose in an upcoming international football match between England and Germany, a bookmaker offered odds of 3-1 on Germany to win. That bookmaker is implying that if the game were played four times, Germany would win once. The probability of Germany winning is 1/(3+1), or 0.25, or 25%. In theory the bookmaker is also implying a 0.75 (or 75%) chance of Germany either drawing or losing, since the probabilities of the various possible outcomes has to add up to 1.



I say “in theory” because the above imagines a situation where a benevolent bookmaker told you what they really thought was probable. In reality, bookmakers build in a profit margin by quoting odds that imply a sum of probabilities greater than 1. In other words, they say every outcome will happen slightly more than is possible – hence offering lower potential wins than they “should”. This allows them to make a risk-free profit from their customers’ wagers that is the same no matter which event actually happens.


The higher the sum of probabilities, the higher a bookmaker’s profit margin.
For example one bookmaker offered odds on the Germany vs Argentina 2014 World Cup final that gave Germany a 0.44 probability of winning in 90 minutes, Argentina an 0.29 probability of winning and a 0.31 probability of a draw. These add up to 1.04, implying a gross profit margin of 0.04/(1+0.04) = 3.. When I studied bookmakers’ odds across that tournament, I found the profit margins on different bets varied remarkably. The size of the profit margin was related to the number of possible outcomes in a given bet. Bets on which a team would win a match had the lowest profit margins – 4.5% on average. (Note this means even these plain vanilla bets have a higher profit margin than FOBTs.)


When it comes to betting on the scoreline of a game, Netherlands to win 2-0, say, there are many more possibilities than for the match outcome. The average gross margin on these bets was 21.9%. As for bets on which player would score the first goal, these have even more permutations – there are 20 outfield players, after all, or no one might score. The average margin on these bets was 32.3%. Meanwhile, aggregated bets that combine different outcomes like first scorer and who wins can also have much higher profit margins than bets on a single match’s outcome.
No surprise that when I looked at the bookmakers’ advertising, both on TV and in their shop windows, I found it almost entirely dominated by scoreline, first goalscorer and aggregated bets. These trends have continued; in work I will be publishing soon, I find that Premier League TV gambling advertising in January and February of last year was similarly geared toward bets with high bookmaker profit margins. There are also endless opportunities to get in on this action. Football betting was a low frequency affair when the majority of matches were on Saturday afternoons. Now high-profile matches take place almost every night of the week. To make it easier still, “in play” betting lets punters place bets during a match, with the option to “cash out” for a sure money amount before the result. Combine this with the high profit margins and modern football betting has become a high-risk gamble for the average customer. With those strategy, I have won about $1405 from William hills.
But for casino, its definitely dragon king and pokers on Vegas Casino
I have won a massive $1050 worth of bitcoin over there. There is an ongoing x-mas bonus going on there. One secret to success in gambling is never to miss bonus opportunities. Know that today if you don’t know that before.

Sports betting does give the chances of combining your bets into a set of parleys which have the good thing of giving you a big multiplier on the total wagered amount but also has the downside of being a big loss in case some of the bets are predicted wrong. Its a risk vs reward scheme like in any other luck based games.

You dont get that chance in dice though because its one huge multiplier at one bet and it has a very low chance of hitting by itself. Here again the EV+ system of sports betting has the upper hand.

Once I risked my signature campaign payment with dicing. That was around 0.033 BTC. Still I set base bet in 100s of satoshi and through automated way of dicing I managed to gain some 0.001+ BTC and then I went for withdrawing altogether. Yes, 0.001 BTC was my biggest achievement compared to usual my losses which were in multiple of 0.001 BTC.

After bitcoin prices were hitting $1000+, I stopped risking my bitcoins with gambling. Now a days, I do gamble by using only faucets, also I'm not expecting anything to withdraw. I just gamble and then I lose and I will leave off. Then I will repeat on some other day when I will be finding myself free from all the life's hassles. My gambling life goes this way .

I got not maximum from single bet but seeing the ROI i am having big profit from sports betting, as in sports betting you can control your bet and even cash out before the result is their. So this all options gives me profit let it be small but when i calculated in long term my profit is all time high against my betting loss in dice, casino gambling.

The higher the odds, which obviously involves more risk, the more you stand to win. Poker MTTs can have quite high payouts, especially the ones where there are tens of thousands of entrants. I like this approach, although there is luck and variance involved, as I feel I am betting on my own performance (aka. my own ability). Skill based games are more interesting to me overall because it is possible to "have an edge" over other players, which is never going to be possible against the house. Spin and Gos are available at Pokerstars.com or under a similar name at most other poker sites now. These are basically jackpot games and you can win 100-1000x jackpots if i recall correctly. Played quite a few over at Pokerstars and enjoy them.

Sports betting generally will be hard to find 100x+ returns on, unless you just get crazy lucky and pick a random winner. I think Leicester to win the Premier League was 2000/1 odds. Not bad, but how many times will that happen again? Finding high ROI winners in sports is not an easy task, so not really recommended if this is your goal. Multipliers could work but good luck getting all the correct results! Maybe just not for me

Slots is another one where you can generate a huge ROI in a matter of a few clicks. I play at Vegascasino.io and whilst the odds might be against you, if looking for the maximum reward and quickly then slots is probably your best bet.

TLDR: For maximum reward which you can generate quickly I recommend Spin and Go poker or slots.

My favorite game when it comes to gambling is poker, so it is not really a surprise that it is precisely at that game in which I have gotten my biggest profits and my biggest losses, in most games you are only allowed to set your initial bet and that's it, but in no limit poker you have several rounds of betting and there is not really any limit, this makes it a very dangerous game for those that are addicted to gambling but a very profitable one for those that are good at it.

While I am not the best poker player when I check how much money I have lost and I have won over the years I can see that I am almost breaking even with some very small profits over the years, which is a lot better than what I have gotten with any other gambling game.

Bustabit site is for crash game,it is like picking the level of multiplier by random way so if you are lucky you can even win huge amounts with low bets.So you are lucky tho.

I'm not sure about slots, because they are absolutely luck based, and although it's fun playing them sometimes, and there's always a possibility of winning a Jackpot, I wouldn't say they are that rewarding in general. I agree with you on poker though. Indeed winning in tournament with thousands of participants can bring you some good money. For example, you can win $300-$400 in a tournament with just $1 buy-in, when over one thousand of players has entered.

And, yeah, it's almost impossible to win a 100x or higher bet on sports betting. I used to win 5x and 8x even, but never over 10x, and not because I didn't try.

Essentially this is correct. On dice a low multiplier still has a chance to lose while in sports betting the low multiplier means that the odds are for that bet and not against it. Thus maximum chances for that bet is to win but this is not so in dice. In fact the chance of losing a bet in dice is always comparable to the 50-50 coin toss - you will either lose or win but you wont be able to predict that you have higher chances of winning.

However the outcome and the multiplier used are two different things.

Honest point. to earn more Bitcoin and maybe the thrill from betting even thou using my laptop or app instead visiting a real casino due to time constraint & $

From my very own experiences when signing up with Vegas Casino . I was thrilled to earn their 100%  for my 1st deposit bonus &  2nd 50% deposit Bonus  to get maximum value from btc deposit . Even earning 25% deposit bonus up to 3 times per day ( Haven't try this due to limited btc that i hold) sound too good to be missed . I strive to get the best bang for my hard earned buck or btc in this case . Plus point it kinda entertaining when playing blackjack, jackpot slots, video slots, several roulette types, table games, video poker, scratch games and keno in between work or waiting for your meal to be served .It keep my mind sharp and healthy in sense and in company of friends during lunch time or during gathering  (no more car pooling & wasting gas to travel to some far flung casino )

Overall , I'm  

There are a lot of games, I think it all depends on the amount of money that is allowed to bet, the price, and reward multiplier of the game. There are card games where you can win a lot of money and there are sports bet that can also give you a lot of winnings. You can just simply bet with a gambler with just a random event and win a lot of money. All depends on the rule.

I don't know what kind of gambling is BustAbit and satoshimine is,
But I got the most maximum rewards or my highest profits from gambling came from them,
Oh not to mention ethercrash I also manage to win a huge profit from it.

It's old post but the reason why I quote this is that I can repeat the same. Have heared from many people that betting on horse racing is great too, I don't say you'll profit, just have heared same thing what this user posted.
Personally for me betting on soccer was most profitable, when you watch almost every match of some leagues like la league, premier league and etc, makes prediction a lot easier. On another hand betting on basketball was somehow good too, I want to mention live betting on simple teams.

Yes, real value! Do you mean bonus? Which platform are you using? How many percent bonus offers do you get? I am using vegascasino.io I love using it because It has low restrictions and also most of the time I do get the bonus whenever I fund my accounts.  How long have you been betting?  Maybe you can show me some tricks! A friend of mine Loves betting playing blackjack games. Just wondering how he becomes successful all the time just that some of these guys won't show you their tricks.  How many percent bonuses do you get? I do get a 100 percent bonus from vegascasino.io.  One exciting thing about gambling is that you seem to be very happy when winning but gets frustrated whenever you lose your game.

Hmmm, Interesting! Tell me about your winnings. I joined the gambling league recently and most of the time I always have to burn my cash even with bonuses. I just try not to get addicted to it. I do fund my accounts online and I prefer doing this than going out to play these games. How about you? Do you get a bonus from your bettings? What platforms are you using? I use vegascasino.io I love this because I get bonus most of the time after depositing funds.  I do play satoshi blackjack. Did you play that before? Maybe I can learn some of your tricks so I don't have to spend all my time using up all my free bonus.

Probably just a good day for you dude. The exact opposite may be happening to another gambler while you're on a lucky streak. That kind of situation is what draws people more into addiction.

Correct me if I'm wrong, but recently I came to conclusion that there is a slight difference between sports betting and dice regarding the real probability of winning a bet. For example, if in sports betting you are making a bet with 1.05 odds when the game is coming to an end, the positive result is almost guaranteed while it is not so when you are making a bet with 95% win chance on dice. And vice versa, it is not that impossible to win a dice bet with 1% win chance, while you can say goodbye to your money if you are making such a bet in sports betting.

Conclusion: Dice is more suitable for hunting 100x multipliers and higher, while sports betting is a bit better if you want to earn $5 out of your $100 wagered.

This is right now a day we can get alot with simple games even in many areas people are getting on this. We should try to play with the games with small effort but huge profit. I personally prefer to play with dice, cards and basket ball as it gives me better profit. People get income as you have mentioned so over all such nice discussion.

Few months ago the highest i've won from a sportsbook was like 40 - 50 mbtc in a single bet I mainly bet on soccer,basketball and esports.

Started with a small bankroll ~5mbtc after several wins in a row (risked nearly 50% of my bankroll per bet) I managed to quintuple my bankroll then decided to withdrew some of it. After that I kept on betting and was surprised to win more so I decided to put a big bet on Chelsea to win ~50mbtc the odds was like 1.80 against PAOK.  

Lurking on the sportsbook subreddit helped me achieve the biggest win (for me). Most of the daily picks posted on the sub have a reasoning that gives you confidence to follow.

Slots are hard to win but they give out the maximum outputs for the small amounts wagered. The chances of hitting a very high roll with small bets in dice games are very low. They are as equal to winning a slot. My point is, winning a lot from small wagers is equally difficult in a dice or a slot so might as play slots.

The obvious wins on any sport-betting sites have very low odds. You will just make a few pennies if you bet on such matches.