Sometimes Even the House Edge is not Against you Rather the Player You Bet On

o48o

legendary

Activity: 3080

Merit: 1178

Leading Crypto Sports Betting & Casino Platform

Quote from: Alphakilo on December 29, 2024, 01:58:27 AM

You can do all your analysis and make the right bets, yet even now, it's not the house edge working against you, but the player. Those who bet on Magnus Carlsen to win the World Rapid and Blitz Chess Championships in New York must be very upset because the player decided to quit for the most unbelievable reason. No one saw this coming not even me.

Quote

World chess great Magnus Carlsen has quit a major tournament after being told he could not participate while wearing jeans.

The Norwegian was defending his World Rapid and Blitz Chess Championships in New York on Friday when governing body FIDE made the request.

He said he offered to change his trousers for the following day before being fined and told he needed to change straight away.

Did any of bet on Magnus Carlsen to win? And what do you think about the whole situation that happened?

The news article was published on Daily Mail

If the player don't respect the sport enough to follow the dress code regulations, (which he perfectly well knows) then why is he trying to compete anyway, when he know he is being disqualified?

But i guess we shouldn't expect maturity from this guy, after all he is the same person who is childish enough to accused his opponent using vibrating beads to win (which wasn't true). He is a poor loser and this is just another example of it.

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Quote from: mindrust on December 29, 2024, 11:58:24 AM

Sometimes the least unexpected happens. This is a more common occurrence than people think too. It is part of the luck element in the end. If we could calculate every possibility then it wouldn’t be gambling, it would be “seeing the future”. Sometimes even the bookies miscalculate the odds. Smart players search for these games and do arbitrage betting.

Sometimes a player just says fuck it and throws the game because he was angry at his wife last night. It wasn’t something a professional should do but shit happens because we don’t live in a perfect world.

If only he respects the required dress code, there wouldn't be any problem in the first place. Professionals are not excempted from getting mistakes, but dude even a dropout person can completely understand and follow the proper dress code most especially that we are talking here a major tournament, not a less valuable one. That shows that the player is not really interested at all, otherwise he should stick to the rules strictly.

Weawant

hero member

Activity: 798

Merit: 509

Leading Crypto Sports Betting & Casino Platform

Quote from: Alphakilo on December 29, 2024, 01:58:27 AM

You can do all your analysis and make the right bets, yet even now, it's not the house edge working against you, but the player. Those who bet on Magnus Carlsen to win the World Rapid and Blitz Chess Championships in New York must be very upset because the player decided to quit for the most unbelievable reason. No one saw this coming not even me.

Quote

World chess great Magnus Carlsen has quit a major tournament after being told he could not participate while wearing jeans.

The Norwegian was defending his World Rapid and Blitz Chess Championships in New York on Friday when governing body FIDE made the request.

He said he offered to change his trousers for the following day before being fined and told he needed to change straight away.

Did any of bet on Magnus Carlsen to win? And what do you think about the whole situation that happened?

The news article was published on Daily Mail

This one of a typical situation as to the fact that at a point its not you against the house but the player of the game having the determining capacity to your game, this also happens in football when you may bet on an particular play to score a goal or tow and few minutes into the game the player is injured or is probably punished with a red card for an offence and right before you, you get to see your game been lost. all this are uncertainties i do put to consideration before gambling but this case is actually really different and i actually didn't bet on this but i see it a s a really trivial reason for exit.

Dr.Bitcoin_Strange

hero member

Activity: 770

Merit: 538

Leading Crypto Sports Betting & Casino Platform

Quote from: rachael9385 on December 30, 2024, 01:37:13 AM

Absolutely right, this is also the reason why a gambler need to understand that winning is entirely based on luck, because as the games is ongoing anything that will make the bet mot be in your favor might happen. Although, there's not 100% sure predictions but there's nothing luck can not do, when one is Lucky, he will probably win his bet.

There's a bet I lost last month, it was an accumulator of 14 games which gave a 100+ odds and was very confident that nothing will stop that those games from going as predicted but at last I lose the bet because one game was voided. I felt bad not because I lost but because I know that was have been a successful game if not for the game that was void. So, in gambling, always pray for luck because sometimes even the bet you are supposed to win could go bad for some arising issues.

lovesmayfamilis

legendary

Activity: 2072

Merit: 4265

✿♥‿♥✿

I have always considered chess players to be very mysterious people, not only smart but also capable of some strange actions. Not everyone can calculate a chess game far ahead, knowing the opponent's probable moves, their analytical mind, as we see, can sometimes work against all expectations, doing extraordinary things for others. But as for betting on football matches, it is pleasing that football players have a uniform and never engage in such whims.

danherbias07

legendary

Activity: 3346

Merit: 1134

Leading Crypto Sports Betting & Casino Platform

All I can say is. "shit happens".

We cannot control this kind of thing where it's the player who decides to quit the game. I didn't bet on that game but I did experience instances where a superstar will be injured and that will cost the whole game for the team I bet for. It's not different from what happened in that chess game especially if that superstar is the offensive guy who is the only one who can score for the team.
Is it really against the player or is it just that he doesn't feel motivated anymore? After reading some articles, I saw that the issue was just all about the jeans that he is wearing and there's a dress code that doesn't allow such clothes. Wow! That's f-ck*d up.

stadus

legendary

Activity: 3080

Merit: 1292

Hhampuz for Campaign management

There’s no literal house edge because you’re not playing against the house, thats sports betting.

In sports betting, it’s more about choosing the odds and their actual value. For example, you might get odds of 2.50, but the real value is 1.90, that’s where you find an edge in the long run. That’s why, when you gamble, you need to be selective, and you can do that by not just bet on whatever the market offers. If you’re “just gambling,” it won’t lead to success.

GxSTxV

hero member

Activity: 1008

Merit: 755

Quote from: Alphakilo on December 29, 2024, 01:58:27 AM

Did any of bet on Magnus Carlsen to win? And what do you think about the whole situation that happened?

Well, this is just one of those situations that proves to us how unpredictable betting and gambling in general can both be. You can analyze all you want from details and choose the best odds but who could guess in your example that Magnus would quit over something like jeans? That’s quite funny at the same time.
Personally I feel bad for anyone who bet on him. Frankly it’s damaging when something so unrelated to the game itself ruins your chances, bet, and even a very large amount of money. But at the same time, rules are rules and he probably should known better. Still it’s a weird and unexpected way for things to play out.

I believe many bettors will also start to question things about what happened, manipulation or start to ask the sportbooks to refund them.

Don Pedro Dinero

legendary

Activity: 1358

Merit: 1565

The first decentralized crypto betting platform

The house edge in the title is confusing, as there is no house edge here.

Quote from: Fortify on December 29, 2024, 03:05:25 PM

You seem to be confusing the house edge in this example and it is especially not relevant towards the game of chess.

I think he is like many in this section, who have heard a number of concepts but do not know what they mean.

Quote from: Alphakilo on December 29, 2024, 01:58:27 AM

Did any of bet on Magnus Carlsen to win?

No, and in view of this, I never will.

Quote from: Alphakilo on December 29, 2024, 01:58:27 AM

And what do you think about the whole situation that happened?

That he is a spoilt child. And that it is an indirect way for the chess world to attract attention because after Deep Blue it has lost a lot of importance.

Alphakilo

sr. member

Activity: 560

Merit: 265

Quote from: Fortify on December 29, 2024, 03:05:25 PM

You seem to be confusing the house edge in this example and it is especially not relevant towards the game of chess. In this example you might find many reputable bookmakers (there are such a thing) actually cancelling or voiding the bet because of such unusual circumstances. Either way, I have seen several 1.01x bets fail in the past and even a legend like Magnus probably had a higher multiplier than that, so you should always factor in the potential for loss - there is no such thing as a sure bet if a bookmaker is offering you odds on it. Frankly it is ridiculous that the organization were so petty and there are probably a few senior officials who are looking rather embarrassed right now, to drive out the world champion over such a silly rule when he offered to correct it.

You are right.

As a gambler it I usually think that a bet with low odds like 1.01x is certain to guarantee me a win, especially when we have players like Magnus for chess, Jannik Sinner for tennis, or Shi Yuqi for badminton. Even these world number one players can lose sometimes. And anything that can go wrong will go wrong, just unforeseeable unexpected circumstances.

No bet is 100% certain. There is no sure win like I earlier anticipated.

rachael9385

sr. member

Activity: 476

Merit: 337

Quote from: Dr.Bitcoin_Strange on December 29, 2024, 11:10:10 AM

I didn't bet on the game but this incident is an example of what I was saying before now on one of my previous post, no matter what strategy a gamblers uses to make a perfect prediction which is supposed to be a successful bet, there are some unexpected factors that can come up and make the bettor to lose their bet, that totally suggest that gambling is based on luck and not how well you can make good prediction.
For the player, he quit for no valid reason, that incident is not any good reason that can just make him quit.

Absolutely right, this is also the reason why a gambler need to understand that winning is entirely based on luck, because as the games is ongoing anything that will make the bet mot be in your favor might happen. Although, there's not 100% sure predictions but there's nothing luck can not do, when one is Lucky, he will probably win his bet.
I haven't bet on Magnus Carlsen before but what he did wasn't right as he turned his supporters/fans down just because he don't want to dress properly for the game. Actually, a lot of people will be disappointed in him and might take awhile for them to bet on him because of his Supercilious attitude.

len01

hero member

Activity: 1330

Merit: 585

Leading Crypto Sports Betting & Casino Platform

As far as I know when we bet on a game that fails to compete, the money we bet will be returned by the bookie according to the amount we bet. Maybe this concept is in chess betting, but I will take an example from a football match when the match has been going on for 5 minutes. After that there was an incident where a player was seriously injured and the match had to be stopped. Well at that time the match was postponed and all the gamblers' money would be returned.

Well, this should also be done in chess betting. And I think it doesn't make sense if it is considered a loss just because a player resigns. Undecided

Fortify

legendary

Activity: 2688

Merit: 1192

Quote from: Alphakilo on December 29, 2024, 01:58:27 AM

You can do all your analysis and make the right bets, yet even now, it's not the house edge working against you, but the player. Those who bet on Magnus Carlsen to win the World Rapid and Blitz Chess Championships in New York must be very upset because the player decided to quit for the most unbelievable reason. No one saw this coming not even me.

Quote

World chess great Magnus Carlsen has quit a major tournament after being told he could not participate while wearing jeans.

The Norwegian was defending his World Rapid and Blitz Chess Championships in New York on Friday when governing body FIDE made the request.

He said he offered to change his trousers for the following day before being fined and told he needed to change straight away.

Did any of bet on Magnus Carlsen to win? And what do you think about the whole situation that happened?

The news article was published on Daily Mail

You seem to be confusing the house edge in this example and it is especially not relevant towards the game of chess. In this example you might find many reputable bookmakers (there are such a thing) actually cancelling or voiding the bet because of such unusual circumstances. Either way, I have seen several 1.01x bets fail in the past and even a legend like Magnus probably had a higher multiplier than that, so you should always factor in the potential for loss - there is no such thing as a sure bet if a bookmaker is offering you odds on it. Frankly it is ridiculous that the organization were so petty and there are probably a few senior officials who are looking rather embarrassed right now, to drive out the world champion over such a silly rule when he offered to correct it.

Vaculin

hero member

Activity: 2940

Merit: 613

Winding down.

Quote from: Hatchy on December 29, 2024, 02:13:12 AM

That's another thing again.. pride.. I wonder why some players just so full of them selves. This is something that a whole lot of people are coming from far and near to watch you play not just because of the bet, but because they love you. Instead of doing what you know is right, you quite the game for a reason that makes no sense. I wonder if he has always played that way since in other tournaments. Because if not, he wouldn't have done what he did when he was asked to change his jean. Well, that is more reasons why i don't bet on much games, I prefer soccer as we know they have standards and rules guiding them...

Pride makes a man loses his own name, especially that he is a prominent public figure. I don’t think he is this stupid like he is acting now, but let’s just accept the truth that there are people who’s really stance in life is neigher out of the blue. He should have known the dress code first and foremost, since he isn’t a newbie in his position. But still chose to ruined his reputation by behaving unprofessionally which is really a red flag.

finaleshot2016

legendary

Activity: 1834

Merit: 1010

Modding Service - DM me!

Quote from: Alphakilo on December 29, 2024, 01:58:27 AM

You can do all your analysis and make the right bets, yet even now, it's not the house edge working against you, but the player. Those who bet on Magnus Carlsen to win the World Rapid and Blitz Chess Championships in New York must be very upset because the player decided to quit for the most unbelievable reason. No one saw this coming not even me.

Quote

World chess great Magnus Carlsen has quit a major tournament after being told he could not participate while wearing jeans.

The Norwegian was defending his World Rapid and Blitz Chess Championships in New York on Friday when governing body FIDE made the request.

He said he offered to change his trousers for the following day before being fined and told he needed to change straight away.

Did any of bet on Magnus Carlsen to win? And what do you think about the whole situation that happened?

The news article was published on Daily Mail

Is still there a good odds when betting on Magnus?

Anw, yes this is part of the gambling and it's also a blitz where anything can happen. Yeah sure he's a beast in the game but blitz is different so either way, the opponent does have a chance of winning therefore the unexpected quit is like him losing the game already. Meanwhile, the FIDE really strict, tho chess is a gentleman's game, so it's reasonable, just because he's a beast, he still needs to follow the rules and regulations. I dislike how magnus isn't really respecting others' time and value like always being late and such, not being a professional on the league. IMO, if he doesn't want the chess culture and such, he can leave and besides he doesn't need to prove his skills anymore.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

This is a non issue, the bet will be voided as he as disqualified from soemthign outside the game, he hasn't lost the game.
It would be a bit troublesome if you were in a parlay and you would have taken some serious money on this since your odds are recalculated and lower because but it's still like the game would have not been played at all, a real problem would have been if he would have had a tantrum and simply decided to forfeit the game, in that case most bookies would have kept the bet valid and called it a loss.

Quote from: boltz on December 29, 2024, 11:01:20 AM

Because of their EGO , we the bettors we lose at odds under 1.30 and I personally don't take odds under 3 no matter what.

With what bookmarker did you take the bet, I'm surprised any bookie will treat the bet as valid in this case?

Davidvictorson

hero member

Activity: 1190

Merit: 901

Livecasino.io

In the terms and conditions of my casino in situations like this, it is said that :

Quote

Refunds may be given solely at the discretion of the casino management.

The other situation that can trigger a refund from the casino are:

match starting but not being completed because of a player retirement or disqualification

Around March this year, this golf player, Scottie Scheffler was out of the tournament after he was arrested ahead of PGA Championship 2nd Round. This is a voided bets whose monies will be refunded.

Here:
- https://get.bookmaker.help/hc/en-us/articles/360008925977-Retirements-or-Disqualifications
- https://www.actionnetwork.com/golf/scottie-scheffler-detained-pga-championship-delay-friday

AVE5

full member

Activity: 350

Merit: 128

Quote from: Outhue on December 29, 2024, 06:48:21 AM

Gambling is risky still, either the player you bet on behaves unexpectedly or not.

Some will sustain injury and that will be the sign that the game will probably end very badly, some will just not be in a very good mood on that day, so you betting on them is risky still, they don't care if you place bet or not, they don't even know anyone.

Most gamblers are just gambling without understanding the risks, I have a friend who bet on Super Monaco sports and in the middle of that car race a crash took place and it was so over, these things are meant to happen, manage your money well.

Winning in gambling isn't a do or die affair. Bettors would always have some outbreak to just loose while those who'd win stands lucky to win.
We all bet and hope to win and whatever frowning outcomes out teams which we betted on performs isn't what we might earlier expected.
The basic is just that there must be reason to lost and way out to win

mindrust

legendary

Activity: 3276

Merit: 2442

Sometimes the least unexpected happens. This is a more common occurrence than people think too. It is part of the luck element in the end. If we could calculate every possibility then it wouldn’t be gambling, it would be “seeing the future”. Sometimes even the bookies miscalculate the odds. Smart players search for these games and do arbitrage betting.

Sometimes a player just says fuck it and throws the game because he was angry at his wife last night. It wasn’t something a professional should do but shit happens because we don’t live in a perfect world.

Ambatman

sr. member

Activity: 490

Merit: 397

Playbet.io - Crypto Casino and Sportsbook

Wow this is quite a surprise. I can never know are such level of geniuses think.
Most time the side you favour may be the reason of your loss especially in Football bets.
Chelsea lost their last match with a comeback like I was quite shocked
They couldn't even hold for a draw.
Or when Real Madrid lost their UCL match this season when it's normally quite for them to during group stage.

Topic: Sometimes Even the House Edge is not Against you Rather the Player You Bet On (Read 282 times)