Sports betting: how much knowledge is too much - page 13.

Maslate

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Quote from: Debonaire217 on August 25, 2020, 12:29:13 AM

Quote from: Maslate on August 24, 2020, 06:27:58 PM

Sometimes we think it's easy to win but it's not, odds maker providing us the odds whether it's a live bet or not always analyze it well and whether we like it or not, they are smart than most of the gamblers, that's why we make wrong prediction most of the time.

But that could be learned right?

Of course, that's why there are successful sports bettors, but like I said, only few are winning.

Quote from: Debonaire217 on August 25, 2020, 12:29:13 AM

Perhaps, it just needs time since they need to be good at the subject, probability and statistics in order to come up with a strong odds that will be implemented by the platform developers such as programmers and web engineers. But most of the gambling sites of today shows that they are provably fair, meaning, they often include the source code on how outcomes are generated and that gamblers could verify their bets. It is just that, the secret to house wins relies not in output generation but in the game's mechanism itself.

It's not like a casino where you need to beat the house to win, this sports book are only facilitating bets that's why there's a commission on the winning them, there's not system to adjust or whatsoever, it's the odds market that are providing them the betting odds and they displayed that in their website.

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Quote from: Ulven on August 24, 2020, 08:41:48 AM

I don't think betting randomly on sports games will be profitable!! However, if you have correct knowledge about clubs and players, you will know where to place your bet. Sometimes our expectations do not work despite the knowledge we have regarding club performance! Because luck was not on our side and the club we bet on. Undecided

Ofcourse.
Unless they are depending on sports-bettors who already have the knowledge, skills,etc, I don't see how people without talent/skill/knowledge will do well or earn consistently/sustainably in sports-betting. It's possible to get lucky all the time ... I believe it's only through divine aid though

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Quote from: Maslate on August 24, 2020, 06:27:58 PM

Sometimes we think it's easy to win but it's not, odds maker providing us the odds whether it's a live bet or not always analyze it well and whether we like it or not, they are smart than most of the gamblers, that's why we make wrong prediction most of the time.

But that could be learned right? Perhaps, it just needs time since they need to be good at the subject, probability and statistics in order to come up with a strong odds that will be implemented by the platform developers such as programmers and web engineers. But most of the gambling sites of today shows that they are provably fair, meaning, they often include the source code on how outcomes are generated and that gamblers could verify their bets. It is just that, the secret to house wins relies not in output generation but in the game's mechanism itself.

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Quote from: goaldigger on August 24, 2020, 05:37:41 PM

Quote from: reliable on August 24, 2020, 09:12:00 AM

Quote from: Ulven on August 24, 2020, 08:41:48 AM

I don't think betting randomly on sports games will be profitable!! However, if you have correct knowledge about clubs and players, you will know where to place your bet. Sometimes our expectations do not work despite the knowledge we have regarding club performance! Because luck was not on our side and the club we bet on. Undecided

Knowledge is important while placing the best and with some added luck with it helps in making it big in sports betting. Knowing about gam and players obviously helps you to identify the picks and accordingly you will place the bets rather than placing it randomly and on top of it if you have luck then in the end even if there is no chance of winning that match something happens in the end your teams may win it and you also win it.

There’s no over knowledge or too much knowledge that can lead you to a loss, sports betting can also be a game of luck despite of having the right information, so for me it should be knowledge together with your luck and the luck of the team. The odds might be low, but they can still change the game but this case is very rare so if you have enough information with the sports and the team, you can win more what you loss.

It wont be called gambling in the first place if it doesnt require luck.It might really be focusing that much into skills and knowledge towards the game but you do still need some mix of luck for you to win.

Everything isnt guaranteed when it comes to betting yet we know that situations or circumstances can really turn upside down unexpectedly.Betting on favorites is the casual stuff but there are people whom do really
likes to bet on underdogs specially if they do saw the chances of winning excluding to those die hard fans that doesnt look out on probabilities as long they do make bets into their desired or idolized team.

Quote from: jossiel on August 24, 2020, 06:10:49 PM

IMHO, the rule is that the more knowledge you have, you are doing it correctly. Unlike the other bettors that don't think of this, it's a good question that you have asked this because you are worrying what if you lack of the right information.

The simple rule of thumb could be applied, as long as the knowledge you are getting from teams to players and other important matters, extract the helpful and ignore those that are not.

But there are people who do make research which arent already irrelevant for you to search or learn for and thats what op is trying to ask out about over acquired or searched up information.

Im not saying it is bad but you would really be missing out the fun part when you do already get stressed into those analysis that you had piled of.

Maslate

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Quote from: ralle14 on August 24, 2020, 05:20:46 PM

Quote from: Ulven on August 24, 2020, 08:41:48 AM

I don't think betting randomly on sports games will be profitable!! However, if you have correct knowledge about clubs and players, you will know where to place your bet. Sometimes our expectations do not work despite the knowledge we have regarding club performance! Because luck was not on our side and the club we bet on. Undecided

Not having the correct knowledge about the games you're betting on could still be profitable imo. I used to make live bets on esports and take advantage of the odds swing whenever the underdog gains an early lead. It doesn't always happen but it's possible to catch these scenarios from time to time the only thing I don't like with this strategy is that it's very time consuming and you need to be quick as the odds could change every few seconds.

Sometimes we think it's easy to win but it's not, odds maker providing us the odds whether it's a live bet or not always analyze it well and whether we like it or not, they are smart than most of the gamblers, that's why we make wrong prediction most of the time.

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IMHO, the rule is that the more knowledge you have, you are doing it correctly. Unlike the other bettors that don't think of this, it's a good question that you have asked this because you are worrying what if you lack of the right information.

The simple rule of thumb could be applied, as long as the knowledge you are getting from teams to players and other important matters, extract the helpful and ignore those that are not.

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Quote from: ralle14 on August 24, 2020, 05:20:46 PM

Not having the correct knowledge about the games you're betting on could still be profitable imo. I used to make live bets on esports and take advantage of the odds swing whenever the underdog gains an early lead. It doesn't always happen but it's possible to catch these scenarios from time to time the only thing I don't like with this strategy is that it's very time consuming and you need to be quick as the odds could change every few seconds.

You have a point there but that depends on how far the level of experience of being a sports bettor.

In the case of OP's question, that kind of approach is not recommended for a newbie sports bettor like him.

Playing with the odds in a live bet is risky even for a gambler that knows the game, so just imagine how more it is for newbie ones.

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Quote from: reliable on August 24, 2020, 09:12:00 AM

Quote from: Ulven on August 24, 2020, 08:41:48 AM

I don't think betting randomly on sports games will be profitable!! However, if you have correct knowledge about clubs and players, you will know where to place your bet. Sometimes our expectations do not work despite the knowledge we have regarding club performance! Because luck was not on our side and the club we bet on. Undecided

Knowledge is important while placing the best and with some added luck with it helps in making it big in sports betting. Knowing about gam and players obviously helps you to identify the picks and accordingly you will place the bets rather than placing it randomly and on top of it if you have luck then in the end even if there is no chance of winning that match something happens in the end your teams may win it and you also win it.

There’s no over knowledge or too much knowledge that can lead you to a loss, sports betting can also be a game of luck despite of having the right information, so for me it should be knowledge together with your luck and the luck of the team. The odds might be low, but they can still change the game but this case is very rare so if you have enough information with the sports and the team, you can win more what you loss.

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Quote from: Ulven on August 24, 2020, 08:41:48 AM

I don't think betting randomly on sports games will be profitable!! However, if you have correct knowledge about clubs and players, you will know where to place your bet. Sometimes our expectations do not work despite the knowledge we have regarding club performance! Because luck was not on our side and the club we bet on. Undecided

Not having the correct knowledge about the games you're betting on could still be profitable imo. I used to make live bets on esports and take advantage of the odds swing whenever the underdog gains an early lead. It doesn't always happen but it's possible to catch these scenarios from time to time the only thing I don't like with this strategy is that it's very time consuming and you need to be quick as the odds could change every few seconds.

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Quote from: Ulven on August 24, 2020, 08:41:48 AM

I don't think betting randomly on sports games will be profitable!! However, if you have correct knowledge about clubs and players, you will know where to place your bet. Sometimes our expectations do not work despite the knowledge we have regarding club performance! Because luck was not on our side and the club we bet on. Undecided

If you place a bet in a sports betting without proper knowledge and information about the game then you will have a 50-50 chances in terms of losing and winning. I saw a lot of posts where a lot of gamblers are losing because they keep following the tips and prediction of the other people. Don't get me wrong because there is no wrong on tips and prediction but do not fully rely on it especially if you do not know what you are doing. Bet in a sports gambling that you have knowledge in order for you to have a high chances of winning.

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Quote from: Ulven on August 24, 2020, 08:41:48 AM

I don't think betting randomly on sports games will be profitable!! However, if you have correct knowledge about clubs and players, you will know where to place your bet. Sometimes our expectations do not work despite the knowledge we have regarding club performance! Because luck was not on our side and the club we bet on. Undecided

Knowledge is important while placing the best and with some added luck with it helps in making it big in sports betting. Knowing about gam and players obviously helps you to identify the picks and accordingly you will place the bets rather than placing it randomly and on top of it if you have luck then in the end even if there is no chance of winning that match something happens in the end your teams may win it and you also win it.

Ulven

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I don't think betting randomly on sports games will be profitable!! However, if you have correct knowledge about clubs and players, you will know where to place your bet. Sometimes our expectations do not work despite the knowledge we have regarding club performance! Because luck was not on our side and the club we bet on. Undecided

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Quote from: goinmerry on August 23, 2020, 07:42:23 PM

Quote from: kryptqnick on August 22, 2020, 06:08:33 AM

My question is about a related matter. When I've asked in a different thread what is required to become a good bettor, many have mentioned that knowing the games, the teams and things like that is essential. But I'm sure there's a certain limit to this flow of information, and when this limit is reached, it's not useful and is even potentially harmful for making the decision.

That information that you thought "maybe" won't be useful or might bring changes for making a decision is also the one you need to increase your winning of chances. Knowledge about the game is really essential even the game is unpredictable.

Blinding only looking at the odds can wreck your funds in the long-run.

I understand that you are still experimenting with how sports betting was done. Actually, this concern for yours is easy and simple to understand once you have become an experienced sports bettor. Just continue experimenting with caution.

Gambling is not all about luck, the odds can be higher in the extent of your knowledge and your skills. Gaining information about sports betting is important, for me it is not good if you will just rely on the odds given by a specific sports betting website. Remember that the favorite team is not always winning so there are times that the underdog is also winning. A good bettor have a foundation in terms of sports betting, skill and information is required. Like for example, I'm a basketball player and I usually bet in NBA games especially today because the playoffs is now on. Luck is also important but do not rely on it because you do not know when your luck will expire. Stay committed on getting more information in order for you to adapt certain changes especially when it comes to sports betting.

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Quote from: skarais on August 22, 2020, 12:25:13 PM

Quote from: plvbob0070 on August 22, 2020, 11:53:48 AM

Having knowledge about a certain game or team is useful when betting but it does not necessarily mean that every information will be useful for the future game. For me, it's already enough to have at least background knowledge, and you don't have to drown yourself with too much information and rely on that when betting.

It's okay to have a lot of information but only take what you can and what you think is useful for you when making a decision on sports betting.

Of course getting more information about the team we will choose will increase the chances that our choice is correct but I believe it cant increase our odds of winning bet. I dont think we should make it too much of a hassle because this gambling should be meant for fun. If we gamble for winning and money then I think we will get used to looking for the best way to achieve it and quite often this will overwhelm us when choosing which one to choose.

Well yeah, focusing too much on the information can drown you and you won't be able to enjoy gambling that's why I mentioned, only take what you can since the information can also help sports bettor in making a decision. Although it does not give assurance that we can win when we have enough knowledge about the game, it's still good to be familiar with it. We can also gain knowledge with experience, not just by researching so I think it won't be that overwhelming.

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Quote from: kryptqnick on August 22, 2020, 06:08:33 AM

I've been experimenting with betting on sports, and for now I don't see a difference between when I'm making an educated bet and just betting blindly looking only at the odds. It hasn't been long, however, so I'll keep experimenting.
My question is about a related matter. When I've asked in a different thread what is required to become a good bettor, many have mentioned that knowing the games, the teams and things like that is essential. But I'm sure there's a certain limit to this flow of information, and when this limit is reached, it's not useful and is even potentially harmful for making the decision. 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. What do you think: 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?

I thought there are people providing this service for sports-bettors just as some cryptocurrency traders sometimes depend on market research provided by other services (paid/free) to trade on fundamental analysis.
I guess such service (especially the specialized/dedicated ones) should also exist for sports-betting, assuming it doesn't exist already

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Quote from: kryptqnick on August 22, 2020, 06:08:33 AM

I've been experimenting with betting on sports, and for now I don't see a difference between when I'm making an educated bet and just betting blindly looking only at the odds. It hasn't been long, however, so I'll keep experimenting.
My question is about a related matter. When I've asked in a different thread what is required to become a good bettor, many have mentioned that knowing the games, the teams and things like that is essential. But I'm sure there's a certain limit to this flow of information, and when this limit is reached, it's not useful and is even potentially harmful for making the decision. 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. What do you think: 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?

There will depend on yourself on how you can collect every information that you can found.
You can search for any information as you can because that can help you to know which team can have the potential to win.
Besides that, with a lot of information that you can get, you can make an analysis that can determine if your data is good or not.
If your information is not good, you can not win the games. But if your data is good, you will have the chance to win.
But sometimes, you can select the right team based on your experience, so you don't need to search for many data to win.

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Too much of anything is not good. I think you really dug in too much detail on your forecast. Instead of going through each player of the team, just make your analysis on the team as a whole. Sometimes looking for too much detail and considering is a waste of time and could led to frustrations. Even with sufficient knowledge in sports anything can happen within a game. As said, if you have been betting for a long tike, experience will teach you even without assessing a lot of information to make your bet.

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Quote from: kryptqnick on August 22, 2020, 06:08:33 AM

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.

Disagree with your experiment thoughts here but since it's experimental and you are new to sports betting, your own view

I'd rather like to receive overwhelming information as much as possible. Not an assurance that I will win but every information I need will increase my chance of winning. Example in basketball and I think I mentioned this on your previous thread, injury update, key players, homecourt advantage (not for now because of a pandemic) and status of players, team, etc. - these are key elements to help me make decisions.

Now for betting, now depends on odds if that is worth to take a bet. As much as possible, will only choose odds in a range of @1.6 above.

Quote from: YOSHIE on August 23, 2020, 10:06:40 AM

Later you will get used to how the betting strategy in the sports arena, especially football, what you do early on in the "blind" all of that later you will understand, if you continue to bet.

Quote from: goinmerry on August 23, 2020, 07:42:23 PM

Actually, this concern for yours is easy and simple to understand once you have become an experienced sports bettor. Just continue experimenting with caution.

Right.

You will be soon used to this and these issue of yours will properly deal with so just proceed.

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Quote from: goinmerry on August 23, 2020, 07:42:23 PM

Quote from: kryptqnick on August 22, 2020, 06:08:33 AM

My question is about a related matter. When I've asked in a different thread what is required to become a good bettor, many have mentioned that knowing the games, the teams and things like that is essential. But I'm sure there's a certain limit to this flow of information, and when this limit is reached, it's not useful and is even potentially harmful for making the decision.

That information that you thought "maybe" won't be useful or might bring changes for making a decision is also the one you need to increase your winning of chances. Knowledge about the game is really essential even the game is unpredictable.

Blinding only looking at the odds can wreck your funds in the long-run.

I understand that you are still experimenting with how sports betting was done. Actually, this concern for yours is easy and simple to understand once you have become an experienced sports bettor. Just continue experimenting with caution.

With experience, you will know what factors have the weight on every match. Sports betting requires tons of knowledge about that game and you will really drown from all those information if you don't know how to filter which one needs to go. Just by staring the odds will not really help as I have done it also many times. Unless, you will do your own analysis, you have better chance of winning.

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Quote from: desticy on August 23, 2020, 12:36:47 PM

It seems to me a completely rational solution, for beginners, to create a demo account. Demo bankroll with which you can try your hand and make all possible mistakes without losing money.

i like it when beginners start on this way because there are beginners that think they are already pro and will jump on the real betting . im not saying that they can loose but its better if we dont skip the learning process .

Quote from: desticy on August 23, 2020, 12:36:47 PM

The bets are very tempting and it can be difficult to stick to a bankroll when you are 100% sure you will win, but this is the kind of thing people lose all their money on.

it happens to me many times . i knew it that i can win more but i miss the chance and choose to stay on my safe side of betting , i still earn something anyway . now , i forget being tempted because that can be a trap to make you a greedy gambler .

Topic: Sports betting: how much knowledge is too much - page 13. (Read 3821 times)