Sports betting: how much knowledge is too much - page 8.

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Quote from: worldofcoins on September 14, 2020, 09:11:27 AM

Quote from: Saisher on September 07, 2020, 01:39:50 PM

It depends on how serious you are if you are a full time sports betting bettor, then there is no such things as to much you will always want more, if you are betting occasionally you will just check and compare your analysis to others and go with your hunch, it comes with passion and how much time you can allocate, but there's no such thing as enough.

Sports betting is less risky than dice or other provably fair games but in lastly none the less it's gambling.
Full time sports gamblers might have an edge but that edge might be taken by house edge, That edge can be traded with knowledge the gambler has on game and players.

Betting on dice is depends on luck and knowledge is not required. But if betting on sports teams or player having knowledge leads an advantage to you as you may know the opponents strength and the person or team you are betting and accordingly based on who is strong you can place the bet and chances are that if situation is normal you will win it.

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Quote from: Saisher on September 07, 2020, 01:39:50 PM

It depends on how serious you are if you are a full time sports betting bettor, then there is no such things as to much you will always want more, if you are betting occasionally you will just check and compare your analysis to others and go with your hunch, it comes with passion and how much time you can allocate, but there's no such thing as enough.

Yeah! in gambling you always have that hunger to make some bets even though you don't have enough to bet on every game you want to play. even at the time of losing it everything, if you have some way to get some money from a debtor you gonna go for it without hesitation because the eagerness to get back what you've lost is still there. However, this kind of attitude or traits should be avoided. because a person who has this kind of thinking will suffer a lot if he can't stop the way he is playing right now.

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Quote from: Saisher on September 07, 2020, 01:39:50 PM

It depends on how serious you are if you are a full time sports betting bettor, then there is no such things as to much you will always want more, if you are betting occasionally you will just check and compare your analysis to others and go with your hunch, it comes with passion and how much time you can allocate, but there's no such thing as enough.

Sports betting is less risky than dice or other provably fair games but in lastly none the less it's gambling.
Full time sports gamblers might have an edge but that edge might be taken by house edge, That edge can be traded with knowledge the gambler has on game and players.

Questat

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Quote from: Astvile on September 11, 2020, 07:11:34 PM

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.

As long as you educate yourselves with the right information, I think that would help you in choosing the best decision or pick in sports betting. Knowing everything but half of it are trash information, that will make your system overload as our brain is like a hard drive where it can only store limited information, so it's necessary that we don't complicate things as winning is not complicated.

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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.

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Quote from: Saisher on September 07, 2020, 01:39:50 PM

It depends on how serious you are if you are a full time sports betting bettor, then there is no such things as to much you will always want more, if you are betting occasionally you will just check and compare your analysis to others and go with your hunch, it comes with passion and how much time you can allocate, but there's no such thing as enough.

I think you missed the point. kryptqnick was talking about using too big amounts of information for betting. Since it's very difficult to prioritize informations and to integrate them into a weighted model.

Questat

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Quote from: Betwrong on September 11, 2020, 06:26:04 AM

Quote from: Questat on September 09, 2020, 06:18:57 AM

~
Exactly because our experience will make us more matured in picking our bets.
Sometimes what we read in our research does not happen in actual practice, so we also have to consider that and actually it's not hard to learn if we are focus as in time if we keep learning and correcting our mistakes, especially our lack of discipline, that's where we will start winning.

Whatever we do and however much knowledge we get, it can't guarantee that we will start winning at some point. With knowledge we can only increase our chances of winning, but we can never be sure not only about constant winning, but even about winning in the long run.

There's no sure in gambling, that "thing" does not exist, I am just using a word to feel opmistic here as I know a good chance of winning that means we have some consistency that could make us successful in sports betting in the long run.

yeah, no guarantee but I believe it's possible.

Quote from: Betwrong on September 11, 2020, 06:26:04 AM

Quote from: Questat on September 09, 2020, 06:18:57 AM

Quote from: Betwrong on September 08, 2020, 05:42:02 AM

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.

Betwrong

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Quote from: Questat on September 09, 2020, 06:18:57 AM

~
Exactly because our experience will make us more matured in picking our bets.
Sometimes what we read in our research does not happen in actual practice, so we also have to consider that and actually it's not hard to learn if we are focus as in time if we keep learning and correcting our mistakes, especially our lack of discipline, that's where we will start winning.

Whatever we do and however much knowledge we get, it can't guarantee that we will start winning at some point. With knowledge we can only increase our chances of winning, but we can never be sure not only about constant winning, but even about winning in the long run.

Quote from: Questat on September 09, 2020, 06:18:57 AM

Quote from: Betwrong on September 08, 2020, 05:42:02 AM

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.

Questat

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Quote from: bobyhodob on September 09, 2020, 06:47:08 PM

Quote from: South Park on September 09, 2020, 02:46:59 PM

Quote from: mindrust on September 04, 2020, 03:33:04 PM

More knowledge is never a bad thing.

The more you learn about something, you'll open your eyes to the new possibilities that other people fail to see.

If you don't want to deal with information, statistics etc... dice is your thing.

This is the thing, different games appeal to different people, those that do not want to spend their time thinking about all the nuances of sports betting can find other games they may like more, however if they have decided they want to try their luck in this particular kind of gambling game then they have no other option but to learn more about the game themselves and about the rules of the casino concerning that game so they can maximize their chances of making money against the house.

I think those who will try this gambling model are people who have a lot of money that is not being used because this is pure luck and cannot be relied on when they need a lot of money so I don't think you dare to enter because the risk is that the money will disappear immediately, more whether to trade on a trusted exchange.

Sorry, can I ask, what model are we talking here?
I tried to look at the post you quoted but I can't seem to find that model, maybe can you explain further so I will get it.

And to South Park, I think what we are discussing here is sports betting and sports betting has no house edge to my knowledge as you are not betting against the site, you are betting against the other bettors, they just facilitate the bet.

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Quote from: South Park on September 09, 2020, 02:46:59 PM

Quote from: mindrust on September 04, 2020, 03:33:04 PM

More knowledge is never a bad thing.

The more you learn about something, you'll open your eyes to the new possibilities that other people fail to see.

If you don't want to deal with information, statistics etc... dice is your thing.

This is the thing, different games appeal to different people, those that do not want to spend their time thinking about all the nuances of sports betting can find other games they may like more, however if they have decided they want to try their luck in this particular kind of gambling game then they have no other option but to learn more about the game themselves and about the rules of the casino concerning that game so they can maximize their chances of making money against the house.

I think those who will try this gambling model are people who have a lot of money that is not being used because this is pure luck and cannot be relied on when they need a lot of money so I don't think you dare to enter because the risk is that the money will disappear immediately, more whether to trade on a trusted exchange.

South Park

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Quote from: mindrust on September 04, 2020, 03:33:04 PM

More knowledge is never a bad thing.

The more you learn about something, you'll open your eyes to the new possibilities that other people fail to see.

If you don't want to deal with information, statistics etc... dice is your thing.

This is the thing, different games appeal to different people, those that do not want to spend their time thinking about all the nuances of sports betting can find other games they may like more, however if they have decided they want to try their luck in this particular kind of gambling game then they have no other option but to learn more about the game themselves and about the rules of the casino concerning that game so they can maximize their chances of making money against the house.

Questat

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Quote from: Betwrong on September 08, 2020, 05:42:02 AM

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?

The more you know the better, that's for sure. Yes, we all have the Internet at hand, so, theoretically, everyone can be informed on the same level. But in practice not everyone has time for a proper research, and many gamblers end up betting on a team/player that has zero chances to win.

Exactly because our experience will make us more matured in picking our bets.
Sometimes what we read in our research does not happen in actual practice, so we also have to consider that and actually it's not hard to learn if we are focus as in time if we keep learning and correcting our mistakes, especially our lack of discipline, that's where we will start winning.

No one know but ourselves when we will be consistent, and when we will stop when we think we already failed.

Quote from: Betwrong on September 08, 2020, 05:42:02 AM

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.

Betwrong

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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?

The more you know the better, that's for sure. Yes, we all have the Internet at hand, so, theoretically, everyone can be informed on the same level. But in practice not everyone has time for a proper research, and many gamblers end up betting on a team/player that has zero chances to win.

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.

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Quote from: Saisher on September 07, 2020, 01:39:50 PM

It depends on how serious you are if you are a full time sports betting bettor, then there is no such things as to much you will always want more, if you are betting occasionally you will just check and compare your analysis to others and go with your hunch, it comes with passion and how much time you can allocate, but there's no such thing as enough.

As long as the time you spend on sports-betting translates to consistent, sustainable, sufficient finance and productivity. If you spend lots of time on it without being profitable, then you are definitely taking huge risk (gambling).

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Quote from: gabbie2010 on September 07, 2020, 03:09:25 PM

Quote from: VanityWallets2015 on September 05, 2020, 12:25:54 PM

Quote from: ?? on ??

Quote from: adzino on September 05, 2020, 04:08:13 AM

There is no "limit" or anything knows as "too much" knowledge. Sports better depends little on luck, but more on information you gather. For example, if a weak team plays against a strong team, you are pretty much sure which team is going to win because of that knowledge and this is also how odds are set. Betting on weak team gives you higher payout when they win. The more knowledge you gain about a team, the better the chance of you predicting the winning team!

Yes, it would be very good if we had no limitations regarding knowledge, because in sports betting and other types of gambling it would still require us to use the skills we have. When we don't have knowledge, then how can we hone those skills if we don't have knowledge, so that knowledge and having a lot of information is really necessary. Even though when gambling the luck factor is very necessary, basically we will not know when we will be lucky, because bad luck will always accompany it and that's when our knowledge is needed to be able to make a win.

Exactly. Knowledge is the a vital weapon in sports betting, or gambling in general.
Knowledge about the game and team are substantial in determining which team to bet on.
And if a situation challenges you, you will know what strategies to use because of your knowledge.

Using soccer as an example you must have the knowledge about the teams involved and must have been a follower of a particular league and knowing the strong teams and the weaker ones example in EPL Liverpool, Man City, Chelsea, Man utd and Arsenal are strong team placing bet against any of those team losing a match to a weak team amount to losing that bet, there are other leagues out too there, these are some of the skills needed to be acquired in other to avoid betting blindly and losing bets

When it comes to sports betting then theres no doubt that we do really stick out to the best league or teams and thats why sufficient knowledge is really important because you are already fully aware and able to
nitpick on which one you would choose and since you are pretty aware when it comes to statistics then you will surely choose up the best one.

Who would really bet against on a strong team with a good record compared or having a match to a inferior team? If you do then you are just simple making blind bets but somehow there are
really unexpected things do happen where underdogs do able to snatch out a win.It might not be common but theres always a possibility.

Knowledge is everything and i dont see wrong if people do have that too much thing since it wont really be wasted and can really be used up.

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Quote from: VanityWallets2015 on September 05, 2020, 12:25:54 PM

Quote from: ?? on ??

Quote from: adzino on September 05, 2020, 04:08:13 AM

There is no "limit" or anything knows as "too much" knowledge. Sports better depends little on luck, but more on information you gather. For example, if a weak team plays against a strong team, you are pretty much sure which team is going to win because of that knowledge and this is also how odds are set. Betting on weak team gives you higher payout when they win. The more knowledge you gain about a team, the better the chance of you predicting the winning team!

Yes, it would be very good if we had no limitations regarding knowledge, because in sports betting and other types of gambling it would still require us to use the skills we have. When we don't have knowledge, then how can we hone those skills if we don't have knowledge, so that knowledge and having a lot of information is really necessary. Even though when gambling the luck factor is very necessary, basically we will not know when we will be lucky, because bad luck will always accompany it and that's when our knowledge is needed to be able to make a win.

Exactly. Knowledge is the a vital weapon in sports betting, or gambling in general.
Knowledge about the game and team are substantial in determining which team to bet on.
And if a situation challenges you, you will know what strategies to use because of your knowledge.

Using soccer as an example you must have the knowledge about the teams involved and must have been a follower of a particular league and knowing the strong teams and the weaker ones example in EPL Liverpool, Man City, Chelsea, Man utd and Arsenal are strong team placing bet against any of those team losing a match to a weak team amount to losing that bet, there are other leagues out too there, these are some of the skills needed to be acquired in other to avoid betting blindly and losing bets

Saisher

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It depends on how serious you are if you are a full time sports betting bettor, then there is no such things as to much you will always want more, if you are betting occasionally you will just check and compare your analysis to others and go with your hunch, it comes with passion and how much time you can allocate, but there's no such thing as enough.

Ucy

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Quote from: TedMosby on September 05, 2020, 01:24:19 PM

this is my third day to bet blindly.
using "draw" and "not a draw" strategy for a match which has score 0-0 in the first half.
reference: https://bitcointalksearch.org/topic/football-strategies-to-apply-on-a-betting-exchange-5264695

I already got 50% profit from my initial money.
I will try it for a week, if this strategy really works that way, I will try to bet more money.
Grin

Blind betting? That strategy in the link you posted doesn't really sound "blind" to me. Afterall strategy/strategies are involved.
Well, I guess you'll have to keep betting for awhile (with little amount ofcourse, or with what you can afford to lose) in order to see how profitable you will be overall.
I may try the betting strategy too if it's really profitable and works. Bookmarked & observing!

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Quote from: thermozz on September 07, 2020, 03:44:56 AM

Quote from: swogerino on September 07, 2020, 03:18:06 AM

Quote from: robelneo on September 05, 2020, 09:47:14 PM

Quote from: VanityWallets2015 on September 05, 2020, 12:25:54 PM

Exactly. Knowledge is the a vital weapon in sports betting, or gambling in general.
Knowledge about the game and team are substantial in determining which team to bet on.
And if a situation challenges you, you will know what strategies to use because of your knowledge.

It's almost endless studying of the subject, I did mention that it goes with the passion that is why sports analysis spends hours to just come out with a good analysis not questioning if he has enough, because every small detail must not be left behind because there are many situations that will arise when we are playing or betting on it.

I think this is true if referees would just do their job competely correct and not impact the games.As long as this is and has always been the case in sport betting this kind of strategy will not work at all.Let’s suppose you have been collecting data all week before the weekend game and you know that the team you are betting against will miss let’s say 4-5 important players and you also know this team is weaker on paper and lower on the standings and you bet sure that they will lose and you will win the bet.Unfortunately for you in that game the referee starts by giving one penalty in the early minutes of the game to the team you bet against and there was no real foul for a penalty but the referee decided that way.This team scored and then they completely defended the result and you lost your bet.

What I mean is you can’t win relying on information and other data.

Bullshit and nonsense - of course you can win. You give an abstract example. There are always risk factors in life and something can always happen. It is like telling you that you will not get up tomorrow. And what about your plans then..?

I give a pretty solid example which should make people understand it is very difficult to win even if you have done your homework in gambling.

As for doing our homework for our plans usually works out because we are in full control different from the example I gave above.

thermozz

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Quote from: swogerino on September 07, 2020, 03:18:06 AM

Quote from: robelneo on September 05, 2020, 09:47:14 PM

Quote from: VanityWallets2015 on September 05, 2020, 12:25:54 PM

Exactly. Knowledge is the a vital weapon in sports betting, or gambling in general.
Knowledge about the game and team are substantial in determining which team to bet on.
And if a situation challenges you, you will know what strategies to use because of your knowledge.

It's almost endless studying of the subject, I did mention that it goes with the passion that is why sports analysis spends hours to just come out with a good analysis not questioning if he has enough, because every small detail must not be left behind because there are many situations that will arise when we are playing or betting on it.

I think this is true if referees would just do their job competely correct and not impact the games.As long as this is and has always been the case in sport betting this kind of strategy will not work at all.Let’s suppose you have been collecting data all week before the weekend game and you know that the team you are betting against will miss let’s say 4-5 important players and you also know this team is weaker on paper and lower on the standings and you bet sure that they will lose and you will win the bet.Unfortunately for you in that game the referee starts by giving one penalty in the early minutes of the game to the team you bet against and there was no real foul for a penalty but the referee decided that way.This team scored and then they completely defended the result and you lost your bet.

What I mean is you can’t win relying on information and other data.

Bullshit and nonsense - of course you can win. You give an abstract example. There are always risk factors in life and something can always happen. It is like telling you that you will not get up tomorrow. And what about your plans then..?

Topic: Sports betting: how much knowledge is too much - page 8. (Read 3821 times)