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Topic: Sports betting: how much knowledge is too much - page 7. (Read 3852 times)

hero member
Activity: 2982
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Also, when you already decided on what to bet, search for the sites where the outcome odds are better(sometimes they vary significantly). This information can be crucial for successful betting.

Of course, go for the sites that offers best betting odds, every percent differences matters especially if you are betting for long term.

That's true, but still it's not a rocket science, which once you've learned it can provide you with some constant income. We should always keep in mind that gambling is for entertainment purposes only. We shouldn't try to make our living from it.

There's always an exemption on this for people who exceptional talent.

There should be no exceptions, that's my point. Even people with exceptional talent, which helps them to win more often than average gamblers, should seek their main income somewhere else than gambling. Read real life stories of lottery jackpot winners, skillful sports bettors and pro poker players. Most of them lose everything they previously won if they continue gambling. That's why the wisest of them stop gambling at some point and start doing something else. Liv Boeree, a former pro poker player is a good example. After earning $3,800,000  in live tournaments she announced that she will quit professional poker.

That's just some of the gamblers, well, let's say they made a good decision to quit but winning in gambling in sports betting where you made a successful journey slowly until you become consistent, I think it's not worth quitting. I also heard some stories that there are people who are still gambling now and successful in sports betting because they treated sports betting as their job.

Winning in lottery is some kind of exemption, that's a pure luck, I'm talking of real talent here where can deliver you consistent successful, not winning all the time but "profit - loses = net profit (+)"... that's computation.  Grin

I think I understand what you mean:  it is a good decision to quit after some good winnings in luck based games, such as lottery, slots etc., but in skill-based betting, like sports betting, it's better to not quit, because your skills only improve with time. There is a logic behind such a reasoning, but I personally disagree with it. Let me explain. Liv Boeree, from my post above, could also think that it was better to continue playing(luck plays big part in poker, but that part is not greater than that in sports betting), and yet she decided to quit, which I think was the right decision.

With all that being said, no one is insisting on quitting completely. If you love sports betting, you can keep on doing it. You just have to stop treating it as a money-making business.

That's definitely my point, but unlike you, I won't quit, we have different principle in gambling.
If I am making money, why would I stop? This is a skilled based game and I have already seen the result, so why resist to continue making money?
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
~
Also, when you already decided on what to bet, search for the sites where the outcome odds are better(sometimes they vary significantly). This information can be crucial for successful betting.

Of course, go for the sites that offers best betting odds, every percent differences matters especially if you are betting for long term.

That's true, but still it's not a rocket science, which once you've learned it can provide you with some constant income. We should always keep in mind that gambling is for entertainment purposes only. We shouldn't try to make our living from it.

There's always an exemption on this for people who exceptional talent.

There should be no exceptions, that's my point. Even people with exceptional talent, which helps them to win more often than average gamblers, should seek their main income somewhere else than gambling. Read real life stories of lottery jackpot winners, skillful sports bettors and pro poker players. Most of them lose everything they previously won if they continue gambling. That's why the wisest of them stop gambling at some point and start doing something else. Liv Boeree, a former pro poker player is a good example. After earning $3,800,000  in live tournaments she announced that she will quit professional poker.

That's just some of the gamblers, well, let's say they made a good decision to quit but winning in gambling in sports betting where you made a successful journey slowly until you become consistent, I think it's not worth quitting. I also heard some stories that there are people who are still gambling now and successful in sports betting because they treated sports betting as their job.

Winning in lottery is some kind of exemption, that's a pure luck, I'm talking of real talent here where can deliver you consistent successful, not winning all the time but "profit - loses = net profit (+)"... that's computation.  Grin

I think I understand what you mean:  it is a good decision to quit after some good winnings in luck based games, such as lottery, slots etc., but in skill-based betting, like sports betting, it's better to not quit, because your skills only improve with time. There is a logic behind such a reasoning, but I personally disagree with it. Let me explain. Liv Boeree, from my post above, could also think that it was better to continue playing(luck plays big part in poker, but that part is not greater than that in sports betting), and yet she decided to quit, which I think was the right decision.

With all that being said, no one is insisting on quitting completely. If you love sports betting, you can keep on doing it. You just have to stop treating it as a money-making business.
legendary
Activity: 3318
Merit: 1247
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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.

I can only speak of myself. I know a lot about football/soccer because it is a sport that fascinates me, so I bet 99% of my money on football games and no other sports. I have been consistently profitable for a long time (winning 55-60% of my bets). If I happen to bet on other interesting sports (e.g. recent NFL games), I always have a win rate of less than 50%. So I cannot confirm that knowledge does not make a difference. But to be profitable you also need good money and balance management. So knowledge compared with good money management is the key to success.

Interesting.
I guess this means you a successful bettor.
Well, I think people could actually be successful bettors by betting on things they are interested in or passionate about. I believe the passion will help people to learn easily... they would keep learning, bet, be patient etc. Others are probably attracted mostly by huge bet prizes than the passion for the games



I think it would still not work to make you a profitable bettor in the long run.However I agree with you that anything done with passion,done consistently and the person is reading everyday about this subject this greatly enchance the possibilty to be more of a winner than a loser but not always.
legendary
Activity: 2982
Merit: 1028
Knowledge is somewhat an advantage to choose whos probably win but I don't think there is a method to help increase our chances to win. Because for me, I usually considered the odds especially when both players or teams are good, and I notice that the result is just 50/50.

In sports betting, not all of these things will help you out from losing, it surely it got you sometimes. You might win today and you might also lose in the next bet. We all not be a lucky person all the time.

Not every time but with knowledge you are giving yourself a much better chance.

Choosing the games and the players or teams are much easier if you have a good knowledge with the games that you
are participating, you are also giving yourself much lesser worries unless shits happened and frustrates you up.
hero member
Activity: 2912
Merit: 556
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Having a knowledge when betting it gives also a guides everytime we bet, but we cannot say we can win all the time.  Sports betting is supposed to be for fun but some treated it to make money. There is always needs for luck in order for us to win so somehow the chance of winning when you learn and get data from the team you are placing bets is not hundred percent so indeed that's 50/50 the outcomes.

I think it is okay if we can win for some time in the sports betting, and we can stop to gamble after that 3 times to enjoy the win money. In all of the gambling games supposed to be for fun and not for a source of income, we need to search for other ways to make money. Before we play gambling, the percentage will be 50/50, but after we get inside to the games, the rate can be high or low depending on our knowledge. If we have much information about the games and the teams, we can get a high percentage to win, so that can give us a chance to win.
hero member
Activity: 1582
Merit: 523
Knowledge is somewhat an advantage to choose whos probably win but I don't think there is a method to help increase our chances to win. Because for me, I usually considered the odds especially when both players or teams are good, and I notice that the result is just 50/50.

In sports betting, not all of these things will help you out from losing, it surely it got you sometimes. You might win today and you might also lose in the next bet. We all not be a lucky person all the time.
Having a knowledge when betting it gives also a guides everytime we bet, but we cannot say we can win all the time.  Sports betting is supposed to be for fun but some treated it to make money. There is always needs for luck in order for us to win so somehow the chance of winning when you learn and get data from the team you are placing bets is not hundred percent so indeed that's 50/50 the outcomes.
hero member
Activity: 2982
Merit: 610
~
Also, when you already decided on what to bet, search for the sites where the outcome odds are better(sometimes they vary significantly). This information can be crucial for successful betting.

Of course, go for the sites that offers best betting odds, every percent differences matters especially if you are betting for long term.

That's true, but still it's not a rocket science, which once you've learned it can provide you with some constant income. We should always keep in mind that gambling is for entertainment purposes only. We shouldn't try to make our living from it.

There's always an exemption on this for people who exceptional talent.

There should be no exceptions, that's my point. Even people with exceptional talent, which helps them to win more often than average gamblers, should seek their main income somewhere else than gambling. Read real life stories of lottery jackpot winners, skillful sports bettors and pro poker players. Most of them lose everything they previously won if they continue gambling. That's why the wisest of them stop gambling at some point and start doing something else. Liv Boeree, a former pro poker player is a good example. After earning $3,800,000  in live tournaments she announced that she will quit professional poker.

That's just some of the gamblers, well, let's say they made a good decision to quit but winning in gambling in sports betting where you made a successful journey slowly until you become consistent, I think it's not worth quitting. I also heard some stories that there are people who are still gambling now and successful in sports betting because they treated sports betting as their job.

Winning in lottery is some kind of exemption, that's a pure luck, I'm talking of real talent here where can deliver you consistent successful, not winning all the time but "profit - loses = net profit (+)"... that's computation.  Grin
tyz
legendary
Activity: 3360
Merit: 1533
Ofcourse! Almost thesame rate in Crypto trading in order to be considered a successful trader... People would sometimes say it is impossible to be a successful trader, but when you do your learning and research (talent also helps), you discover it's not that difficult to be profitable. So I can relate with the experience. 

* I'm not really that interested in sport-betting yet. I will probably try betting in other areas i won't abandon easily due to unprofitablity or lack of interest.

Yes, I need to add that the win rate alone does not tell much. That's why I stress balance/money management so much to be successfull.

To explain, I take the following example:

Bet A won # Stake 1mBTC # Odds 1.5 # Profit 0.5 mBTC
Bet B won # Stake 1mBTC # Odds 1.3 # Profit 0.3 mBTC
Bet C lost # Stake 1mBTC # Odds 2.1 # Profit -1.0 mBTC

There you have a win rate of 66%. Wow, amazing! But your overall profit is -0.2mBTC.

Ucy
sr. member
Activity: 2674
Merit: 403
Compare rates on different exchanges & swap.
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.

I can only speak of myself. I know a lot about football/soccer because it is a sport that fascinates me, so I bet 99% of my money on football games and no other sports. I have been consistently profitable for a long time (winning 55-60% of my bets). If I happen to bet on other interesting sports (e.g. recent NFL games), I always have a win rate of less than 50%. So I cannot confirm that knowledge does not make a difference. But to be profitable you also need good money and balance management. So knowledge compared with good money management is the key to success.

Interesting.
I guess this means you a successful bettor.
Well, I think people could actually be successful bettors by betting on things they are interested in or passionate about. I believe the passion will help people to learn easily... they would keep learning, bet, be patient etc. Others are probably attracted mostly by huge bet prizes than the passion for the games


Well, you can see it this way, if one has a win rate of > 50% Cheesy I have been profitable in betting in the long run for a while now. In the short term, of course, there can also be a bad phase. From time to time I post my bets in previous, for example my Premier League bets for last weekend where I had four of four bets set correctly*. As I wrote, success in betting is not about luck, its about knowledge and money management.

*Please don't follow my bets. If you do it anyway and lose money, it is your fault.

Ofcourse! Almost thesame rate in Crypto trading in order to be considered a successful trader... People would sometimes say it is impossible to be a successful trader, but when you do your learning and research (talent also helps), you discover it's not that difficult to be profitable. So I can relate with the experience. 

* I'm not really that interested in sport-betting yet. I will probably try betting in other areas i won't abandon easily due to unprofitablity or lack of interest.

hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
Knowledge is somewhat an advantage to choose whos probably win but I don't think there is a method to help increase our chances to win. Because for me, I usually considered the odds especially when both players or teams are good, and I notice that the result is just 50/50.

In sports betting, not all of these things will help you out from losing, it surely it got you sometimes. You might win today and you might also lose in the next bet. We all not be a lucky person all the time.
tyz
legendary
Activity: 3360
Merit: 1533
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.

I can only speak of myself. I know a lot about football/soccer because it is a sport that fascinates me, so I bet 99% of my money on football games and no other sports. I have been consistently profitable for a long time (winning 55-60% of my bets). If I happen to bet on other interesting sports (e.g. recent NFL games), I always have a win rate of less than 50%. So I cannot confirm that knowledge does not make a difference. But to be profitable you also need good money and balance management. So knowledge compared with good money management is the key to success.

Interesting.
I guess this means you a successful bettor.
Well, I think people could actually be successful bettors by betting on things they are interested in or passionate about. I believe the passion will help people to learn easily... they would keep learning, bet, be patient etc. Others are probably attracted mostly by huge bet prizes than the passion for the games


Well, you can see it this way, if one has a win rate of > 50% Cheesy I have been profitable in betting in the long run for a while now. In the short term, of course, there can also be a bad phase. From time to time I post my bets in previous, for example my Premier League bets for last weekend where I had four of four bets set correctly*. As I wrote, success in betting is not about luck, its about knowledge and money management.

*Please don't follow my bets. If you do it anyway and lose money, it is your fault.
hero member
Activity: 2604
Merit: 816
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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.

I can only speak of myself. I know a lot about football/soccer because it is a sport that fascinates me, so I bet 99% of my money on football games and no other sports. I have been consistently profitable for a long time (winning 55-60% of my bets). If I happen to bet on other interesting sports (e.g. recent NFL games), I always have a win rate of less than 50%. So I cannot confirm that knowledge does not make a difference. But to be profitable you also need good money and balance management. So knowledge compared with good money management is the key to success.

Gambling is really different than just watching the game and enjoying it because this should be treated as a job, you do your research so your chances of winning will increase. With a lot of sports you can be interested with, you can bet them all but you can't focus in all of them and that will affect your chances of winning, so as for me, I just focus on the league that I know the best and that is basketball especially the NBA.

I am winning of course but not all the time, my goal is just to win most of the time and I'll be profitable as long as I will stay discipline with my bankroll management. So everyone, hopefully you also learn how to manage your bankroll as that is one of the most important factors to succeed in sports betting.
For some people, gambling can be treated as a job, but for the other I don't think they will use gambling as a job. My suggestion in sports gambling will be to select the sports you know and familiar with because that can give you a chance to choose the right team to place the bet. Besides that, with collecting more data from many sources, you can have more chance to win on that bet. But you should think about how if the situations changed, so you can make another strategy to win.
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
~
Also, when you already decided on what to bet, search for the sites where the outcome odds are better(sometimes they vary significantly). This information can be crucial for successful betting.

Of course, go for the sites that offers best betting odds, every percent differences matters especially if you are betting for long term.

That's true, but still it's not a rocket science, which once you've learned it can provide you with some constant income. We should always keep in mind that gambling is for entertainment purposes only. We shouldn't try to make our living from it.

There's always an exemption on this for people who exceptional talent.

There should be no exceptions, that's my point. Even people with exceptional talent, which helps them to win more often than average gamblers, should seek their main income somewhere else than gambling. Read real life stories of lottery jackpot winners, skillful sports bettors and pro poker players. Most of them lose everything they previously won if they continue gambling. That's why the wisest of them stop gambling at some point and start doing something else. Liv Boeree, a former pro poker player is a good example. After earning $3,800,000  in live tournaments she announced that she will quit professional poker.
Ucy
sr. member
Activity: 2674
Merit: 403
Compare rates on different exchanges & swap.
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.

I can only speak of myself. I know a lot about football/soccer because it is a sport that fascinates me, so I bet 99% of my money on football games and no other sports. I have been consistently profitable for a long time (winning 55-60% of my bets). If I happen to bet on other interesting sports (e.g. recent NFL games), I always have a win rate of less than 50%. So I cannot confirm that knowledge does not make a difference. But to be profitable you also need good money and balance management. So knowledge compared with good money management is the key to success.

Interesting.
I guess this means you a successful bettor.
Well, I think people could actually be successful bettors by betting on things they are interested in or passionate about. I believe the passion will help people to learn easily... they would keep learning, bet, be patient etc. Others are probably attracted mostly by huge bet prizes than the passion for the games
hero member
Activity: 3094
Merit: 606
BTC to the MOON in 2019
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.

I can only speak of myself. I know a lot about football/soccer because it is a sport that fascinates me, so I bet 99% of my money on football games and no other sports. I have been consistently profitable for a long time (winning 55-60% of my bets). If I happen to bet on other interesting sports (e.g. recent NFL games), I always have a win rate of less than 50%. So I cannot confirm that knowledge does not make a difference. But to be profitable you also need good money and balance management. So knowledge compared with good money management is the key to success.

Gambling is really different than just watching the game and enjoying it because this should be treated as a job, you do your research so your chances of winning will increase. With a lot of sports you can be interested with, you can bet them all but you can't focus in all of them and that will affect your chances of winning, so as for me, I just focus on the league that I know the best and that is basketball especially the NBA.

I am winning of course but not all the time, my goal is just to win most of the time and I'll be profitable as long as I will stay discipline with my bankroll management. So everyone, hopefully you also learn how to manage your bankroll as that is one of the most important factors to succeed in sports betting.
tyz
legendary
Activity: 3360
Merit: 1533
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.

I can only speak of myself. I know a lot about football/soccer because it is a sport that fascinates me, so I bet 99% of my money on football games and no other sports. I have been consistently profitable for a long time (winning 55-60% of my bets). If I happen to bet on other interesting sports (e.g. recent NFL games), I always have a win rate of less than 50%. So I cannot confirm that knowledge does not make a difference. But to be profitable you also need good money and balance management. So knowledge in combination with good money management is the key to success.
full member
Activity: 1498
Merit: 146
Having so much knowledge about something may not let you think clearer and decide on something. Too much of everything is bad for a person. You will always have second thoughts about your decisions which is bad, the basics is enough for you to have edge on sports betting match.
While you make a good point at the same time the next question emerges, which information is useless and which one is useful to determine which teams or players will win the next match? You have no way to know that unless you analyze hundreds of different parameters and by the time to do so then you will be overloaded with information anyway, so anyone that is serious with trying to make money in sport gambling will probably go through that phase and it does not seem like there is nothing to do about it.

Absolutely right, those tons of ideas and information will overload inside you to the point that you'll be distract as there are conflicts
sometimes placing you to wrong directions. Being serious to this field needs you to have good balance.
Overthinking may affects your decision making, better to keep in mind that there's no perfect strategy but there's always luck that
will adds up the thrill.
Sport betting is kind of prediction game not a strategical one, so all we need to predict the strategy of player/team about the game we are going to bet.Of course it needs luck but in sport betting more analyzing can increase the chance of winning.No one can ever learn everything about the game so nothing is too much to learn.
legendary
Activity: 2030
Merit: 1189
There is no such thing as too much knowledge when it comes to predicting the outcome of a game.

The more information you know about either team, the better your chances of being able to successfully choose the winner. However, I'd say there is a limit to how much knowledge is beneficial.

For example, you might to know which kinds of hands poker players tend to fold or play, and understand their tells to see if they're bluffing. But it won't help you any further if you know what he had for dinner the night before.

So long as the information is relevant, by all means, accumulate everything you can. Just make sure it's worth the effort accumulating.

e.g. If you're going to put down a $10 bet to win $20, there's no point spending hours researching the game...
sr. member
Activity: 1456
Merit: 267
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Having so much knowledge about something may not let you think clearer and decide on something. Too much of everything is bad for a person. You will always have second thoughts about your decisions which is bad, the basics is enough for you to have edge on sports betting match.
While you make a good point at the same time the next question emerges, which information is useless and which one is useful to determine which teams or players will win the next match? You have no way to know that unless you analyze hundreds of different parameters and by the time to do so then you will be overloaded with information anyway, so anyone that is serious with trying to make money in sport gambling will probably go through that phase and it does not seem like there is nothing to do about it.

Absolutely right, those tons of ideas and information will overload inside you to the point that you'll be distract as there are conflicts
sometimes placing you to wrong directions. Being serious to this field needs you to have good balance.
Overthinking may affects your decision making, better to keep in mind that there's no perfect strategy but there's always luck that
will adds up the thrill.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Having so much knowledge about something may not let you think clearer and decide on something. Too much of everything is bad for a person. You will always have second thoughts about your decisions which is bad, the basics is enough for you to have edge on sports betting match.
While you make a good point at the same time the next question emerges, which information is useless and which one is useful to determine which teams or players will win the next match? You have no way to know that unless you analyze hundreds of different parameters and by the time to do so then you will be overloaded with information anyway, so anyone that is serious with trying to make money in sport gambling will probably go through that phase and it does not seem like there is nothing to do about it.
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