More knowledge is never a bad thing.
The more you learn about something, you'll open your eyes to the new possibilities that other people fail to see.
If you don't want to deal with information, statistics etc... dice is your thing.
Topic: Sports betting: how much knowledge is too much - page 10. (Read 3852 times)
If a person is betting on a soccer match and reads about every match of every person on every team, plus weather forecast, plus research on home advantage etc., the amount of information can be overwhelming and probably not that important or useful to bet on the outcome a particular match.
well, this isn't really about how much knowledge is too much but it about how the person will handle the information he/she has and decide which odd will come out since different person handles can handle different amounts of information without doubting or overthinking their decision. some can handle more and some can handle less.
is there a rule that would help not to drown in information but only focus on what is helpful? Or is it 'the more, the better' in your opinion?
selective information might help. I mean only learn or search what you want to learn and ignore the ones you consider trivial or unhelpful. but to be honest, in my opinion, the more knowledge you have is better.https://www.sciencedaily.com/releases/2013/03/130319124229.htm
This article really fits on the discussion and I hope you guys read it. It says that the sports gamblers are good at making illusions, thinking that they can manipulate the outcome. It's a study that uses sports gamblers and sports fans as participants. Therefore, even if you have knowledge or not, you can't easily predict the outcome and knowledge about the game won't help you to win on sports bettings.
Go for enough knowledge, not too much.
IMO, what's necessary here is that knowledge will help you to win and that you can convert that into skills.
It's useless to be knowledgeable and yet you aren't winning, so learn to win, that should be the goal.
In my experience as a sports betting, I can say that I have enough knowledge already, but is it enough to win, my answer is no. (based on experience only)
IMO, what's necessary here is that knowledge will help you to win and that you can convert that into skills.
It's useless to be knowledgeable and yet you aren't winning, so learn to win, that should be the goal.
In my experience as a sports betting, I can say that I have enough knowledge already, but is it enough to win, my answer is no. (based on experience only)
I guess our knowledge can never be enough. Gaining "sufficient" knowledge about a football team alone will require lots of deep information concerning the team. You'll need to see most/all their trainings, know what they eat, how healthy they are individually, what the weather will be during their future match, how they react to different weather individually, etc. This will requires lots and lots of information/data. I think there could be businesses that specialize on gathering such information for bettors.
It'd be hard for bettors to know most of this things by themselves.
That's so much work to do, you would do this if you are betting a big amount or you are going to make a living in sports betting, when in most cases people fail. As for me, I think I would just rely on my experience, sometimes, even without looking at the stats, I can predict which team would win based on the line movement alone.
the winning and losing rate.
When you do tend to bet big amounts then its not something surprising that you would really make up some research which is really beyond on what others is doing.It might really be sounding too exaggerated to be done
but these infos can really be helpful on making such decision.
and i do agree on the saying that too much of them will really just confuse you out specially trying to compare both teams from the smallest or slightest details that you have gathered.
It all varies or depend though as long it does work which is the most important of all.
If a person is betting on a soccer match and reads about every match of every person on every team, plus weather forecast, plus research on home advantage etc., the amount of information can be overwhelming and probably not that important or useful to bet on the outcome a particular match.
well, this isn't really about how much knowledge is too much but it about how the person will handle the information he/she has and decide which odd will come out since different person handles can handle different amounts of information without doubting or overthinking their decision. some can handle more and some can handle less.
is there a rule that would help not to drown in information but only focus on what is helpful? Or is it 'the more, the better' in your opinion?
selective information might help. I mean only learn or search what you want to learn and ignore the ones you consider trivial or unhelpful. but to be honest, in my opinion, the more knowledge you have is better. 
Go for enough knowledge, not too much.
IMO, what's necessary here is that knowledge will help you to win and that you can convert that into skills.
It's useless to be knowledgeable and yet you aren't winning, so learn to win, that should be the goal.
In my experience as a sports betting, I can say that I have enough knowledge already, but is it enough to win, my answer is no. (based on experience only)
IMO, what's necessary here is that knowledge will help you to win and that you can convert that into skills.
It's useless to be knowledgeable and yet you aren't winning, so learn to win, that should be the goal.
In my experience as a sports betting, I can say that I have enough knowledge already, but is it enough to win, my answer is no. (based on experience only)
I guess our knowledge can never be enough. Gaining "sufficient" knowledge about a football team alone will require lots of deep information concerning the team. You'll need to see most/all their trainings, know what they eat, how healthy they are individually, what the weather will be during their future match, how they react to different weather individually, etc. This will requires lots and lots of information/data. I think there could be businesses that specialize on gathering such information for bettors.
It'd be hard for bettors to know most of this things by themselves.
That's so much work to do, you would do this if you are betting a big amount or you are going to make a living in sports betting, when in most cases people fail. As for me, I think I would just rely on my experience, sometimes, even without looking at the stats, I can predict which team would win based on the line movement alone.
Go for enough knowledge, not too much.
IMO, what's necessary here is that knowledge will help you to win and that you can convert that into skills.
It's useless to be knowledgeable and yet you aren't winning, so learn to win, that should be the goal.
In my experience as a sports betting, I can say that I have enough knowledge already, but is it enough to win, my answer is no. (based on experience only)
IMO, what's necessary here is that knowledge will help you to win and that you can convert that into skills.
It's useless to be knowledgeable and yet you aren't winning, so learn to win, that should be the goal.
In my experience as a sports betting, I can say that I have enough knowledge already, but is it enough to win, my answer is no. (based on experience only)
I guess our knowledge can never be enough. Gaining "sufficient" knowledge about a football team alone will require lots of deep information concerning the team. You'll need to see most/all their trainings, know what they eat, how healthy they are individually, what the weather will be during their future match, how they react to different weather individually, etc. This will requires lots and lots of information/data. I think there could be businesses that specialize on gathering such information for bettors.
It'd be hard for bettors to know most of this things by themselves.
In real life happening knowledge is power, when it comes to gambling luck is power. With sports betting with knowledge we can have all the data associated with the particular game in our finger tips, but if there is no luck then all the information gathered were useless.
With sports betting, the knowledge help in increasing the winning chance selecting the right odds whereas the luck confirm the winning.
The clustering of luck with gambling is always been there but, there are certain measurements and situations that you won't be on it with 100% all the time. The information being disseminated could depend if you think it's reliable or it's already too much for you to take it because you're aware of it already or you know that it's not accurate and it won't help you. Determining those things can easily be figured out if you are too detailed with the information or knowledge that's being suggested to you. With sports betting, the knowledge help in increasing the winning chance selecting the right odds whereas the luck confirm the winning.
In real life happening knowledge is power, when it comes to gambling luck is power. With sports betting with knowledge we can have all the data associated with the particular game in our finger tips, but if there is no luck then all the information gathered were useless.
With sports betting, the knowledge help in increasing the winning chance selecting the right odds whereas the luck confirm the winning.
With sports betting, the knowledge help in increasing the winning chance selecting the right odds whereas the luck confirm the winning.
In my opinion, sports betting does require good knowledge, because it is different from other types of gambling. Sports betting depends
from the knowledge we have, from there we are able to analyze the sports matches that will take place.
The other games are luck based type of games, simple knowledge is enough, you need an extreme luck to win most of the time, which I think not going to happen if you are constantly gambling as the house will definitely eat your bankroll. from the knowledge we have, from there we are able to analyze the sports matches that will take place.
Even with knowledge which is good,
still the winning percentage is still around 50%. Because you still need luck to win in sports betting.
still the winning percentage is still around 50%. Because you still need luck to win in sports betting.
If 50% winning chance only, that would not help us, or if we break even because we already lose the time and effort we spent, we need more than that to win, winning does not only mean by the way we choose our bets, also, discipline like proper bankroll management is necessary.
It makes sense to have a information and making a bet based on the gained information but the public information is not enough to make a 100% right bets. My friend even has the inside information about who will participate on the match before event and he thinks to bet on this information by taking over 2.5 goal selection. With famous person's invitation, players will be tempted to score more goals and this was edge of my friend. Personally I prefer to make random betting decisions with checking live soccer statistics. Much better than blindly losing money on random bets.
In my opinion, sports betting does require good knowledge, because it is different from other types of gambling. Sports betting depends
from the knowledge we have, from there we are able to analyze the sports matches that will take place. Even with knowledge which is good,
still the winning percentage is still around 50%. Because you still need luck to win in sports betting.
from the knowledge we have, from there we are able to analyze the sports matches that will take place. Even with knowledge which is good,
still the winning percentage is still around 50%. Because you still need luck to win in sports betting.
Go for enough knowledge, not too much.
IMO, what's necessary here is that knowledge will help you to win and that you can convert that into skills.
It's useless to be knowledgeable and yet you aren't winning, so learn to win, that should be the goal.
In my experience as a sports betting, I can say that I have enough knowledge already, but is it enough to win, my answer is no. (based on experience only)
Nothing on gambling world can really be considered to be perfect even how knowledgeable you are but somewhat this is much more better rather than having nothing at all.IMO, what's necessary here is that knowledge will help you to win and that you can convert that into skills.
It's useless to be knowledgeable and yet you aren't winning, so learn to win, that should be the goal.
In my experience as a sports betting, I can say that I have enough knowledge already, but is it enough to win, my answer is no. (based on experience only)
You would only notice if you are doing it too much when you do come up with analysis which arent already necessary anymore for you to include.
It doesnt matter though as long it doesnt keep you bothered or stressed that much but when you are already having problems or headaches the better always direct to the key points.
Go for enough knowledge, not too much.
IMO, what's necessary here is that knowledge will help you to win and that you can convert that into skills.
It's useless to be knowledgeable and yet you aren't winning, so learn to win, that should be the goal.
In my experience as a sports betting, I can say that I have enough knowledge already, but is it enough to win, my answer is no. (based on experience only)
IMO, what's necessary here is that knowledge will help you to win and that you can convert that into skills.
It's useless to be knowledgeable and yet you aren't winning, so learn to win, that should be the goal.
In my experience as a sports betting, I can say that I have enough knowledge already, but is it enough to win, my answer is no. (based on experience only)
All gambling is mathematics, even games of chance. If you understand the math behind the game, you understand the game and can give yourself an advantage. For many games, like penny slots or poorly placed roulette bets, are so bad that smart bettors earn their advantage by avoiding them altogether. In sports betting, the math is more complicated. Depending on your favorite sport, you may need to think about things like bye weeks, underdogs, quarterback ratings, and injuries with the same fervor other connoisseurs reserve for fancy winces.
This is an important observation, there are people that dedicate their lives to a certain field of knowledge and for them it is never enough and they learn everything they can so they can keep improving and yet when it comes to sports betting it seems some people think there is some kind of limit that can be reached and from that point learning more about the particular sport in which you like to bet it is a waste of time, but this is simply not true as casinos are always improving the way they calculate odds and if you stay behind them then you will be unable to distinguish when they give good or bad odds in a particular game. 
Unfortunately, not all people know much about mathematics, which makes them use the chance by using the sense of feeling. They don't have much time to calculate using mathematics, so they use the feeling to place the bets. Sometimes, they analyze the results and place their calculation of what they can, and then, they use it to bet. In sports betting, they analyze the team from what they got from many websites to know which team has a big chance to win. But for experienced gamblers in sports betting, they will use other sources or maybe they will calculate how big their odds to win if they bet on that team.
I think at some level, everybody understands the maths behind it and they know in the end, they have to fight a losing battle mathematically,,, but we have luck at the back of our minds that becomes the irrational force behind why we do things in gambling. I know it affects me a lot. Having 0.1 btc bankroll I think, if I martingale 1 satoshi, surely I can last 1 million bets? And I have busted from there because I think the mathematics sides me.
Having knowledge in gambling games, specifically in sports betting, will be important, as that can help us to analyze to choose the right teams or players. So with mathematic and knowledge, we can increase the odds of winning.
Unfortunately, not all people know much about mathematics, which makes them use the chance by using the sense of feeling. They don't have much time to calculate using mathematics, so they use the feeling to place the bets. Sometimes, they analyze the results and place their calculation of what they can, and then, they use it to bet. In sports betting, they analyze the team from what they got from many websites to know which team has a big chance to win. But for experienced gamblers in sports betting, they will use other sources or maybe they will calculate how big their odds to win if they bet on that team.
I think at some level, everybody understands the maths behind it and they know in the end, they have to fight a losing battle mathematically,,, but we have luck at the back of our minds that becomes the irrational force behind why we do things in gambling. I know it affects me a lot. Having 0.1 btc bankroll I think, if I martingale 1 satoshi, surely I can last 1 million bets? And I have busted from there because I think the mathematics sides me.
yeah I know, picking a bet with a small amount of money is just like trading with a demo account right?
but as I state before (for me) it just like there's no difference between betting blindly or doing a well analyzed bet.
simply, I am not a good bettor lol.
It is not the same because when you bet with a small amount of money if you lose, you still lose that money.but as I state before (for me) it just like there's no difference between betting blindly or doing a well analyzed bet.
simply, I am not a good bettor lol.
But if you use a demo account in trading, even if you lose bigger money, the money does not belong to you because the exchange gives it to you by free. There is a difference between both.
It is better to use a small amount of money to place the bets, even if you do not yet understand how to play with them.
Well, I am not a good bettor too because I am not too often to watch the sports match before and now.
And the alternative to the Crypto Demo Trading in "Games and Sports Prediction Market" would probably be playing games/sports without betting...or playing without real coins, or playing for non-financial rewards/incentives(I wonder if this even exists). I guess new bettors who want to learn how to bet could use such alternatives before graduating to betting with real money.
All gambling is mathematics, even games of chance. If you understand the math behind the game, you understand the game and can give yourself an advantage. For many games, like penny slots or poorly placed roulette bets, are so bad that smart bettors earn their advantage by avoiding them altogether. In sports betting, the math is more complicated. Depending on your favorite sport, you may need to think about things like bye weeks, underdogs, quarterback ratings, and injuries with the same fervor other connoisseurs reserve for fancy winces.
Unfortunately, not all people know much about mathematics, which makes them use the chance by using the sense of feeling. They don't have much time to calculate using mathematics, so they use the feeling to place the bets. Sometimes, they analyze the results and place their calculation of what they can, and then, they use it to bet. In sports betting, they analyze the team from what they got from many websites to know which team has a big chance to win. But for experienced gamblers in sports betting, they will use other sources or maybe they will calculate how big their odds to win if they bet on that team. 
I dont about how others bet, but analyzing everything seems to me like an overkill. People like that are seriously making money, and made gambling as an online source of income, probably.
But for me, my strategy is simple know the game, teams, and players. Odds is not 100% accurate to predict the winner. I sometimes, even go by instinct and just put money on team that looks strong especially when their in a winstreak.
Yes you're right, unlike casino gambling games, when a sport team (or a single player) is in a winning streak, the chances to win the next contest increase.But for me, my strategy is simple know the game, teams, and players. Odds is not 100% accurate to predict the winner. I sometimes, even go by instinct and just put money on team that looks strong especially when their in a winstreak.
Choosing a team with a winning streak is just obvious, it would really increase the chance of you winning the bet but we can't always say that we have the right choice since there are some instances that the underdog wins. With a lot of things to consider, you can't always check the whole team and their players. Usually it starts with they have a winning streak and end up with I am betting on their team, sometimes hype could also influence your betting.
All gambling is mathematics, even games of chance. If you understand the math behind the game, you understand the game and can give yourself an advantage. For many games, like penny slots or poorly placed roulette bets, are so bad that smart bettors earn their advantage by avoiding them altogether. In sports betting, the math is more complicated. Depending on your favorite sport, you may need to think about things like bye weeks, underdogs, quarterback ratings, and injuries with the same fervor other connoisseurs reserve for fancy winces.
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