Sports betting: how much knowledge is too much - page 4.

NavI_027

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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.

Exactly! Why would you include unimportant info in your considerations in the first place? That would really make you more confused lol. Like on this quote, why would you like to know about weather? Is it really vital in betting? For me, I don't think so. Yeah! It is somehow relevant on playing soccer but every player can play whether it is rainy, hot or cold outside, isn't it? So what's the point of knowing it Cheesy

. Unless you found out that a the stats of certain player plummet every time it rains due to slippery grass. That's the time you can say it significant.

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Quote from: glowing10 on September 30, 2020, 06:23:36 AM

Quote from: Ucy on September 30, 2020, 04:29:29 AM

Quote from: Finestream on September 28, 2020, 07:07:14 PM

Quote from: Lanatsa on September 28, 2020, 05:58:37 PM

Knowledge is everything but with gambling, luck would always had the part for you to succeed.

5% luck, 95%, that's the right combination to succeed, I put a very little percentage on the luck since it's not really something we can consistently have, everyone has luck, and since sports betting is just betting against each other, other people can be lucky also but with knowledge you have the edge to win in the long run.

Ofcourse. I don't know how reliable your 5%/95% is, but I agree that knowledge is important. A bettor who depends on luck could be defeated by very experienced/knowledgeable and skilled bettor. And such experience bettor would likely win consistently and be profitable if he/she bet mostly with bettors who depend on luck in skill-based games/competitions

Knowledge in sports is important as it gives you an idea of what are the chances of a team wining and who is their opponent. This give you a fair judgement if the match could be one sided or will be tough and based on the form which player is likely to perform better etc and accordingly we can place the bets. Though it does not guarantee it will happen the same way but will have a better view rather than having no knowledge at all about it.

I do believe that knowledge is a must and even in sports but for me when it comes in sports betting i dont think it has a knowledge level that was needed to be able to win a bet. I do believe in luck and based on my personal experienced i have met some people who are winning a bet frequently and honestly speaking i am not that type of a person. Maybe i have a poor luck skill-based game or intuition. This is the only thing that always keep on my mind, i can't trust myself in betting in sports especially if i am going tk bet with money involved i cant take the risk.

Lorence.xD

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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.

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Quote from: Alucard1 on October 06, 2020, 03:27:22 AM

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.

Ofcourse! I believe lots of information/knowledge is really require to achieve success in skill-based bettings. Without this, you are depending on luck as a bettor even though it isn't luck-based games/competitions.
If I want to bet on a match, I will learn alot about the two teams rather than just bet blindly, without knowing enough or anything atall about the teams

Janation

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Quote from: peter0425 on September 28, 2020, 08:55:43 AM

Quote from: Darkelf11 on September 28, 2020, 08:02:38 AM

~

But Luck is the most important part right?even how Good your mind is but luck wasn't on your side still you will lose.
Nit like if you are lucky even you are not thinking yet the chance of winning is yours.
But that is best way to gamble,Be knowledgeable,wise and be lucky.

Though there is a problem there.

It is true that luck might be one of the ingredients needed for someone to win in a betting or in a lottery but there is a catch. We don't actually know whether we are lucky or not, if it is shortlived or not. We can't actually rely or depend on that so as gamblers, we just rely on what we can and do things we can in order to have fun and win.

Betwrong

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Quote from: Questat on September 30, 2020, 07:56:05 AM

Quote from: Betwrong on September 30, 2020, 07:47:14 AM

~

What I understand on the figure is that year per year, sports bettors exposure are increasing, more bets means more commission for them as they don't really act as the house but just the facilitator of the bet, sports betting is bettor vs bettor, sportsbook are always in the safe side.

That's right, most sportsbooks operate this way. However, there are some exceptions, when a sportsbook is not exactly on the safe side. This concerns newly appeared, and thus unpopular operators. If a sportsbook doesn't have enough bettors on its platform, it can happen so that a huge bet made in the last minutes will not have enough time to be balanced/compensated by bets on the opposite side(despite the very appealing odds), and the sportsbook will be at risk of losing their own money.

Serious475

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If you want to wage into sports bets I think you should need to consider on the different aspects and knowledge. Every time I play on e sports and sports gambling these helps me

Who is the player
Where is the place
What is the standing of the time
What are the following odds

These gives you an idea who is the match winner and what are the possible wages you could earn.

Also don't disregard the sport spirit of the player because sometimes they made an unexpected things or actions.

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Quote from: Alucard1 on October 06, 2020, 03:27:22 AM

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.

It will be more helpful if you are familiar with the match and know each team to help you choose the right team that has a big chance to win. But maybe we can miss something here, such as the team with a lower odds that can win than the team with a high odds, and that because of that, the team can change the field's situations. If that happens, we can not do anything because it is out of our analysis. Maybe we can try again in the next match with a different team, but make sure that you know which team will compete later.

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Quote from: Alucard1 on October 06, 2020, 03:27:22 AM

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.

Alucard1

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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.

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Quote from: Ucy on September 30, 2020, 04:29:29 AM

Quote from: Finestream on September 28, 2020, 07:07:14 PM

Quote from: Lanatsa on September 28, 2020, 05:58:37 PM

Knowledge is everything but with gambling, luck would always had the part for you to succeed.

5% luck, 95%, that's the right combination to succeed, I put a very little percentage on the luck since it's not really something we can consistently have, everyone has luck, and since sports betting is just betting against each other, other people can be lucky also but with knowledge you have the edge to win in the long run.

Ofcourse. I don't know how reliable your 5%/95% is, but I agree that knowledge is important. A bettor who depends on luck could be defeated by very experienced/knowledgeable and skilled bettor. And such experience bettor would likely win consistently and be profitable if he/she bet mostly with bettors who depend on luck in skill-based games/competitions

It is impossible to accurately quantify how much luck has an influence in our lives, however any gambler that is dependent on his luck to try to win is going to fail, you need to reduce that number to its minimum expression and while there are games in which this is not possible in a gambling game like sports betting this can be done by acquiring knowledge about the games and then using that knowledge to try to better determine if the odds we are given by the casino are fair or not.

Questat

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Quote from: Betwrong on September 30, 2020, 07:47:14 AM

Quote from: Maslate on September 30, 2020, 06:53:54 AM

The numbers are growing.....

Research: US $155.49 Bn for Sports Betting Market Size 2019 Growing at 8.83% CAGR Through 2024
According to the report, the global sports betting market was valued at around USD 104.31 billion in 2017 and is expected to reach approximately USD 155.49 billion by 2024, growing at a healthy CAGR of 8.83% between 2018 to 2024.

If one believe that he has skills in sports betting then it's not impossible that he will become financially free by just focusing sports betting as his main source of income, unfortunately, the reason why the number grows is because of the majority of the sports bettors are losers.

Although I think it is technically true that the majority of the sports bettors are losers, it has nothing to do with the fact that sports betting market is growing.

The odds are fluctuating based on where the bettors' money is going, and in the end, the winners are paid with the money from losers, with the platform getting its share. So, even if most bettors were winners, it would only mean that all the losers combined lost a bit more than the winners won, and the sports betting platform would still make money.

What I understand on the figure is that year per year, sports bettors exposure are increasing, more bets means more commission for them as they don't really act as the house but just the facilitator of the bet, sports betting is bettor vs bettor, sportsbook are always in the safe side.

Betwrong

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Quote from: Maslate on September 30, 2020, 06:53:54 AM

The numbers are growing.....

Research: US $155.49 Bn for Sports Betting Market Size 2019 Growing at 8.83% CAGR Through 2024
According to the report, the global sports betting market was valued at around USD 104.31 billion in 2017 and is expected to reach approximately USD 155.49 billion by 2024, growing at a healthy CAGR of 8.83% between 2018 to 2024.

If one believe that he has skills in sports betting then it's not impossible that he will become financially free by just focusing sports betting as his main source of income, unfortunately, the reason why the number grows is because of the majority of the sports bettors are losers.

Although I think it is technically true that the majority of the sports bettors are losers, it has nothing to do with the fact that sports betting market is growing.

The odds are fluctuating based on where the bettors' money is going, and in the end, the winners are paid with the money from losers, with the platform getting its share. So, even if most bettors were winners, it would only mean that all the losers combined lost a bit more than the winners won, and the sports betting platform would still make money.

Maslate

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The numbers are growing.....

Research: US $155.49 Bn for Sports Betting Market Size 2019 Growing at 8.83% CAGR Through 2024
According to the report, the global sports betting market was valued at around USD 104.31 billion in 2017 and is expected to reach approximately USD 155.49 billion by 2024, growing at a healthy CAGR of 8.83% between 2018 to 2024.

If one believe that he has skills in sports betting then it's not impossible that he will become financially free by just focusing sports betting as his main source of income, unfortunately, the reason why the number grows is because of the majority of the sports bettors are losers.

glowing10

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Quote from: Ucy on September 30, 2020, 04:29:29 AM

Quote from: Finestream on September 28, 2020, 07:07:14 PM

Quote from: Lanatsa on September 28, 2020, 05:58:37 PM

Knowledge is everything but with gambling, luck would always had the part for you to succeed.

5% luck, 95%, that's the right combination to succeed, I put a very little percentage on the luck since it's not really something we can consistently have, everyone has luck, and since sports betting is just betting against each other, other people can be lucky also but with knowledge you have the edge to win in the long run.

Ofcourse. I don't know how reliable your 5%/95% is, but I agree that knowledge is important. A bettor who depends on luck could be defeated by very experienced/knowledgeable and skilled bettor. And such experience bettor would likely win consistently and be profitable if he/she bet mostly with bettors who depend on luck in skill-based games/competitions

Knowledge in sports is important as it gives you an idea of what are the chances of a team wining and who is their opponent. This give you a fair judgement if the match could be one sided or will be tough and based on the form which player is likely to perform better etc and accordingly we can place the bets. Though it does not guarantee it will happen the same way but will have a better view rather than having no knowledge at all about it.

Questat

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Quote from: Ucy on September 30, 2020, 04:29:29 AM

Quote from: Finestream on September 28, 2020, 07:07:14 PM

Quote from: Lanatsa on September 28, 2020, 05:58:37 PM

Knowledge is everything but with gambling, luck would always had the part for you to succeed.

5% luck, 95%, that's the right combination to succeed, I put a very little percentage on the luck since it's not really something we can consistently have, everyone has luck, and since sports betting is just betting against each other, other people can be lucky also but with knowledge you have the edge to win in the long run.

Ofcourse. I don't know how reliable your 5%/95% is, but I agree that knowledge is important.

No one can measure luck so that's just an estimate IMO and it's just his own opinion, as for me, I don't even count luck . Grin

Quote from: Ucy on September 30, 2020, 04:29:29 AM

A bettor who depends on luck could be defeated by very experienced/knowledgeable and skilled bettor. And such experience bettor would likely win consistently and be profitable if he/she bet mostly with bettors who depend on luck in skill-based games/competitions

There's no consistency for a better who solely depends on luck, it's not possible to succeed or even survive in the long run.
You trust luck then you are only good to go with gambling for fun, real talk.

Ucy

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Quote from: Finestream on September 28, 2020, 07:07:14 PM

Quote from: Lanatsa on September 28, 2020, 05:58:37 PM

Knowledge is everything but with gambling, luck would always had the part for you to succeed.

5% luck, 95%, that's the right combination to succeed, I put a very little percentage on the luck since it's not really something we can consistently have, everyone has luck, and since sports betting is just betting against each other, other people can be lucky also but with knowledge you have the edge to win in the long run.

Ofcourse. I don't know how reliable your 5%/95% is, but I agree that knowledge is important. A bettor who depends on luck could be defeated by very experienced/knowledgeable and skilled bettor. And such experience bettor would likely win consistently and be profitable if he/she bet mostly with bettors who depend on luck in skill-based games/competitions

CODE200

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Being knowledgeable about a certain game you wish to play will give you an edge to last longer in the game and better have a chance of wining for the knowledge you do have will enable you to formulate strategies so that you do not get easily busted from the games you play. Gambling games are not typically always into pure luck because if you are ignorant in the game, luck will not be there to save you up for you might get easily fooled and get empty handed winning nothing because you are playing on high risks not knowing the game itself. Pure gamble with a high risk is putting your money into stake of no winning at all.

Mahanton

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Quote from: ShowOff on September 29, 2020, 03:49:09 PM

Quote from: Xembin on September 29, 2020, 10:49:40 AM

I guess personal research is very important for sports betting as a Gambler. Some past match need to experience to get more understand about the present match to get a good profit.
It's good to know the team player very well because some players can misbehave on the day of Match and it can cause some to loss their on such bet.

A good analysis will produce something good too. So far I haven't done a lot of analysis on the team that I will be seeding on every bet I make as that in the end will raise doubt. I prefer to choose a team that I truly believe to be the winner and that is much better without even doing any analysis. I don't bet on all team because that's not my gambling behavior and so far I've only bet on 2-3 team that I truly believe in the EPL and Laliga.

Not making some analysis? Then how you do make basis out of those bets? and of course seeing their stats or potential winning chance does already signify that you are already making out some analysis
thats why i totally disagree that you arent making any basis regarding into your bets because if we do deal with sports bet then its just normal for us to stick out on whose team is a better one by just looking out
the numbers then analysis would comes next.You cant just blindly choose up a team without even knowing their current standing or performance because it would really be just considered to be a blind
selection or totally considered random.Betting on several teams isnt really that need to avoid, as long you do know on what you're doing.

ShowOff

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Quote from: Xembin on September 29, 2020, 10:49:40 AM

I guess personal research is very important for sports betting as a Gambler. Some past match need to experience to get more understand about the present match to get a good profit.
It's good to know the team player very well because some players can misbehave on the day of Match and it can cause some to loss their on such bet.

A good analysis will produce something good too. So far I haven't done a lot of analysis on the team that I will be seeding on every bet I make as that in the end will raise doubt. I prefer to choose a team that I truly believe to be the winner and that is much better without even doing any analysis. I don't bet on all team because that's not my gambling behavior and so far I've only bet on 2-3 team that I truly believe in the EPL and Laliga.

Topic: Sports betting: how much knowledge is too much - page 4. (Read 3821 times)