Topic: Sports betting: how much knowledge is too much - page 3. (Read 3821 times)
Bookmaker's always have an advantage! At least that sometimes they can overestimate the odds for obviously the same indicators! For example, recently played football match with N.Ireland and Bosnia and Herzegovina... In principle, the teams are similar in strength, even N.Ireland looked better! So, the original preference was given to Bosnia (x1.6) and N.Ireland (x6).... What is this, advantage or manipulation?
~ yes there's no house edge in sports betting ~
This is not exactly accurate.
There is a house edge in sports betting, or sportsbooks wouldn't survive otherwise. But what is true is that, like in poker, the house edge in sports betting affects the outcome to a much lesser extent. Your skills and knowledge can help you to beat that house edge in some cases(something which is absolutely impossible in purely luck based games).It seems like sportsbook really have an edge as explain by this article.
https://www.casinolifemagazine.com/blog/casino-odds-vs-sports-betting-odds-real-house-edge
Quote
Sportsbooks’ edge may surprise some
So, what are we looking at when it comes to a sports bet? Looking at something simple like the FA Cup Semi Final between Tottenham Hotspur and Manchester United (21st April). A market with two simple outcomes like who will qualify for the Final see Bet365 offering odds of 8/15 for Spurs and 11/8 for United. The implied probability for a Spurs win is 65.2% and the implied probability for United’s win is 42.1%.
The percentage adds up to 107.3%. This 7.3% amount over 100 is known as the “overround” in bookmaking terms, which is effectively the profit the bookie expects to make on the market. Without getting into the mathematics behind the margins, you can see that the relative house edge for bookmaking can be higher than roulette.
Before you go rushing to close your bookmaker account, you must also remember that predicting sports’ outcomes is more scientific than the pure chance of roulette. For example, we know that the last time Spurs and United clashed at Wembley, the former won the match 2-0. This is an indicator for the outcome of the semi final, whereas if red was the last outcome in a roulette game it would have no bearing at all on what the next result will be.
So, what are we looking at when it comes to a sports bet? Looking at something simple like the FA Cup Semi Final between Tottenham Hotspur and Manchester United (21st April). A market with two simple outcomes like who will qualify for the Final see Bet365 offering odds of 8/15 for Spurs and 11/8 for United. The implied probability for a Spurs win is 65.2% and the implied probability for United’s win is 42.1%.
The percentage adds up to 107.3%. This 7.3% amount over 100 is known as the “overround” in bookmaking terms, which is effectively the profit the bookie expects to make on the market. Without getting into the mathematics behind the margins, you can see that the relative house edge for bookmaking can be higher than roulette.
Before you go rushing to close your bookmaker account, you must also remember that predicting sports’ outcomes is more scientific than the pure chance of roulette. For example, we know that the last time Spurs and United clashed at Wembley, the former won the match 2-0. This is an indicator for the outcome of the semi final, whereas if red was the last outcome in a roulette game it would have no bearing at all on what the next result will be.
~ yes there's no house edge in sports betting ~
This is not exactly accurate.
There is a house edge in sports betting, or sportsbooks wouldn't survive otherwise. But what is true is that, like in poker, the house edge in sports betting affects the outcome to a much lesser extent. Your skills and knowledge can help you to beat that house edge in some cases(something which is absolutely impossible in purely luck based games). It is always good and fun to have a lot of knowledge. You can take advantage of it when betting on matches. The problem remains of course that you depend on the performance of a player or team, and based on statistics and probability calculations you will always lose in the long run, because the house always has an advantage. I think it is especially important to have discipline and to keep using it.
Yes, Knowledge is power and that will be a lot of help when betting. I agree that the best tool to decide in betting is knowlege though it may not going to work most of the time but at least you can have an advantage.Remember that the more you bet is the more you may lose too much so stop being aggressive gambler and be a responsible gambler.
Quote
Most likely having a knowledge in the bet will likely give you more insights on how, why and when to bet. However, it will still not a guarantee to win in the bet. Being lucky is more important key to win at all. LOL
Luck and knowledge is best combination together with discipline ,it is not bad to be a gambler but not to be an addicted. 
However, sometimes that also can be a trap because with time you might get too self-confident, thinking you know everything and can predict everything and that is the time you might play too hazardous.
It's not a trap. It just shows that you are confident in your bet because you study, analyze, research on it. That's what your knowledge served for.
However, sometimes that also can be a trap because with time you might get too self-confident, thinking you know everything and can predict everything and that is the time you might play too hazardous.
It's not a trap. It just shows that you are confident in your bet because you study, analyze, research on it. That's what your knowledge served for.
However, sometimes that also can be a trap because with time you might get too self-confident, thinking you know everything and can predict everything and that is the time you might play too hazardous.
It's not a trap. It just shows that you are confident in your bet because you study, analyze, research on it. That's what your knowledge served for.
However, sometimes that also can be a trap because with time you might get too self-confident, thinking you know everything and can predict everything and that is the time you might play too hazardous.
It's not a trap. It just shows that you are confident in your bet because you study, analyze, research on it. That's what your knowledge served for.
Way better than betting on random bets just because someone suggested it either via free picks, tipsters or you saw a majority putting on that specific bet.
It's ok to be overconfident out from your own knowledge compare when you are just overconfident because someone told you that's a good bet.
compared when you do just bet just because its been suggested or recommended and it lost then you will surely have that mindset on giving out the blame into that someone who do suggest.
Nothing beats out the contentment if you do just make your own analysis neither it would lose or win then it doesnt matter as long you do enjoy on what you're doing.
When you research a team, you have a better chance of winning any bet. There is a distinct value of knowledge everywhere. When you do research and bet on a team, your chances of winning increase by 80 percent. Because you know what kind of pitch a team has, what kind of pitch a player plays well in a team. If you know something you can easily determine which team will be the winner.
We can know the odds and presume out the winning chance but it isnt finalized yet unexpected circumstances can really happen along with the game which willgreatly affect the outcome.As long the game do progress then its never been ideal to presume out that it is already anticipated for you to win.
However, sometimes that also can be a trap because with time you might get too self-confident, thinking you know everything and can predict everything and that is the time you might play too hazardous.
It's not a trap. It just shows that you are confident in your bet because you study, analyze, research on it. That's what your knowledge served for.
Way better than betting on random bets just because someone suggested it either via free picks, tipsters or you saw a majority putting on that specific bet.
It's ok to be overconfident out from your own knowledge compare when you are just overconfident because someone told you that's a good bet.
It's good to have some knowledge about the spot you bet on, even better if you follow that sports and players for a long period of time. That makes your chances to win bigger. However, sometimes that also can be a trap because with time you might get too self-confident, thinking you know everything and can predict everything and that is the time you might play too hazardous.
When you research a team, you have a better chance of winning any bet. There is a distinct value of knowledge everywhere. When you do research and bet on a team, your chances of winning increase by 80 percent. Because you know what kind of pitch a team has, what kind of pitch a player plays well in a team. If you know something you can easily determine which team will be the winner.
Having good knowledge and enough information is such an advantage for you to win the game but it doesn't mean that you the odds of winning are always on your side, it will help you to know whether the opponent team is matched on the team you know, that is the only advantage that you can have in sports betting. It is really hard to bet or to choose where to bet if you don't have a little bit of knowledge about the game. It is just a full guess for you and it will only be based on the luck if you win the bet.
I think it depends on what type of gambling you do if for sports gambling it will be very difficult because sometimes what has been predicted does not match the predictions made, so I suggest not only rely on knowledge because the luck factor can at least be combined with luck with the knowledge you get.
Maybe those who says it is easy are those who has a cheat or so very Lucky in gambling .
There's no cheat in legitimate casinos or sportsbook. If caught to be abusing the system, you will be forever banned and that's going to show you what kind of gambler you are.Somehow, there could be a strategy that's effective to beat the bookies but cheat? I don't think one will exist for a long time.
It is always good and fun to have a lot of knowledge. You can take advantage of it when betting on matches. The problem remains of course that you depend on the performance of a player or team, and based on statistics and probability calculations you will always lose in the long run, because the house always has an advantage. I think it is especially important to have discipline and to keep using it.
Yes, Knowledge is power and that will be a lot of help when betting. I agree that the best tool to decide in betting is knowlege though it may not going to work most of the time but at least you can have an advantage.Most likely having a knowledge in the bet will likely give you more insights on how, why and when to bet. However, it will still not a guarantee to win in the bet. Being lucky is more important key to win at all. LOL
Knowledge is easy to learn in gambling, but if you have enough experience where you learn from your mistakes, that would make you a great sports bettor and you might succeed gambling in sports. Forget about the saying that gambling is an easy money, that is not true, if you believe that you'll certainly lose as you are not realistic, the truth is, in gambling only few are profitable, the rest are losers that's why casinos are profitable in general.
Knowledge will help your insight and know the situation about sports that will help in betting, and experience will help you when betting on sports to be more careful because you always learn from mistakes or experiences that will make you a smart bettor.
indeed any gambling bet is not far from luck, but you will have a chance to win if you have enough knowledge and experience.
It is always good and fun to have a lot of knowledge. You can take advantage of it when betting on matches. The problem remains of course that you depend on the performance of a player or team, and based on statistics and probability calculations you will always lose in the long run, because the house always has an advantage. I think it is especially important to have discipline and to keep using it.
Yes, Knowledge is power and that will be a lot of help when betting. I agree that the best tool to decide in betting is knowlege though it may not going to work most of the time but at least you can have an advantage.Most likely having a knowledge in the bet will likely give you more insights on how, why and when to bet. However, it will still not a guarantee to win in the bet. Being lucky is more important key to win at all. LOL
Knowledge is easy to learn in gambling, but if you have enough experience where you learn from your mistakes, that would make you a great sports bettor and you might succeed gambling in sports. Forget about the saying that gambling is an easy money, that is not true, if you believe that you'll certainly lose as you are not realistic, the truth is, in gambling only few are profitable, the rest are losers that's why casinos are profitable in general.
It is always good and fun to have a lot of knowledge. You can take advantage of it when betting on matches. The problem remains of course that you depend on the performance of a player or team, and based on statistics and probability calculations you will always lose in the long run, because the house always has an advantage. I think it is especially important to have discipline and to keep using it.
Yes, Knowledge is power and that will be a lot of help when betting. I agree that the best tool to decide in betting is knowlege though it may not going to work most of the time but at least you can have an advantage.Most likely having a knowledge in the bet will likely give you more insights on how, why and when to bet. However, it will still not a guarantee to win in the bet. Being lucky is more important key to win at all. LOL
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 think there's a common mistake in that the more information that people have, the more they think the outcome of the sports event is predictable.
More information is better, but as well as the need to understand exactly which of this information is relevant, it's also vitally important not to underestimate brute luck.
It depends on how you handle the information, you shouldn't have an information overload problem as that is not healthy. In gambling, it doesn't need to be complicated, the approach is very simple, but you need to be very clever to fully understand and will increase your chances of winning.
Quote
As a gambler, no one can perfectly predict the outcome of the games and make himself rich, winning 60% in sports betting most of the time is even hard to so, yeah, the figure look easy but it's easier said than done in real life.
Maybe those who says it is easy are those who has a cheat or so very Lucky in gambling . 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 think there's a common mistake in that the more information that people have, the more they think the outcome of the sports event is predictable. The more knowledge you have, the more you underestimate the element of chance that is inherent to the game. Some sports are obviously more susceptible to luck and random chance than others - look at cycling and Geraint Thomas, one of the favourites for the Giro, now being out of contention because of a stray water bottle that simply couldn't have been predicted.
More information is better, but as well as the need to understand exactly which of this information is relevant, it's also vitally important not to underestimate brute luck.
It depends on how you handle the information, you shouldn't have an information overload problem as that is not healthy. In gambling, it doesn't need to be complicated, the approach is very simple, but you need to be very clever to fully understand and will increase your chances of winning.
As a gambler, no one can perfectly predict the outcome of the games and make himself rich, winning 60% in sports betting most of the time is even hard to so, yeah, the figure look easy but it's easier said than done in real life.
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 think there's a common mistake in that the more information that people have, the more they think the outcome of the sports event is predictable. The more knowledge you have, the more you underestimate the element of chance that is inherent to the game. Some sports are obviously more susceptible to luck and random chance than others - look at cycling and Geraint Thomas, one of the favourites for the Giro, now being out of contention because of a stray water bottle that simply couldn't have been predicted.
More information is better, but as well as the need to understand exactly which of this information is relevant, it's also vitally important not to underestimate brute luck.
Knowledge becomes too much when you are obsessed down to the detail and yet the results are still the same. Just know how the game works and listen to sports commentaries, you do not have to be an analyst to do that. In the end the darling of the crowd will be the likely winner and other than maybe a clincher will happen or a miracle happen.
Those are commentaries and it's an opinion based from the caster and if you'll use it as analysis, I don't think that's going to give you an accurate call. They may but most likely they are not a good source. We pick good data from them but knowledge and knowledge.Being too much is bad and I agree with you if you're too down for the detail, it's just going to puzzle you.
Jump to: