Sports betting vs dice betting | Bitcointalksearch.org

magicmexican

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Quote

You need to compare the odds of winning to the payout to figure out what is a good bet.

On dice sites, there is nothing to figure out. It is set in stone. For sports betting, the odds of winning are not set in stone. The oddsmaker sets the individual odds for each game, they can make a mistake or the situation can change (player gets hurt,importance of the game changes, etc) so you can make a "smart" bet that has a positive expected value for you. A smart bet doesn't mean you are going to win, but it's possible in sports betting, it's not on dice site.

Pretty much.

In dice, you have noone to outplay or outsmart. In sport betting you have 2 entities you are "playing against" - the traders, who set the initial odds, and the crowd, who moves the line by betting on either side. If you have an informational edge over either of them - you can make money in the long run.

Its not an easy task though, you have to put a lot of time and effort into it.

Phildo

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Quote from: Snorek on April 02, 2015, 11:22:49 AM

Quote from: magicmexican on April 02, 2015, 11:15:31 AM

"

Quote from: opossum on April 02, 2015, 11:02:53 AM

That does not answer the question in anyway whatsoever, 10% "skill" in dice is non existent it is as close to 0 as possible. I am finding it hard how anyone could believe that any skill is involved, there are no winning systems just luck on the day.

If we want to dig really deep one might argue that there is some sort of "skill" in live dice (aka craps) that comes from a dice control.

Quote

What sports in general are considered the best for safe betting?

Also, "Safe" betting is the most retarded term out there. Betting means risking something to get something, it cannot be safe just from the definition.

If by "safe" you mean something that will most likely to happen (like 90% or so) - then usually you will be on the wrong side of the odds anyway and will bleed money in the long run.

So now, I can see that sports bets are not exactly great, because you will either have a really big chance of winning, but you have to bet a lot of money and you can win only small percent in return because of the odds. Or you risk and bet on some not so certain matchups - either win or lose (similar to dice).

You need to compare the odds of winning to the payout to figure out what is a good bet.

On dice sites, there is nothing to figure out. It is set in stone. For sports betting, the odds of winning are not set in stone. The oddsmaker sets the individual odds for each game, they can make a mistake or the situation can change (player gets hurt,importance of the game changes, etc) so you can make a "smart" bet that has a positive expected value for you. A smart bet doesn't mean you are going to win, but it's possible in sports betting, it's not on dice site.

magicmexican

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Difference is, you can win in the longrun. If you have an edge, obviously.

Snorek

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Quote from: magicmexican on April 02, 2015, 11:15:31 AM

"

Quote from: opossum on April 02, 2015, 11:02:53 AM

That does not answer the question in anyway whatsoever, 10% "skill" in dice is non existent it is as close to 0 as possible. I am finding it hard how anyone could believe that any skill is involved, there are no winning systems just luck on the day.

If we want to dig really deep one might argue that there is some sort of "skill" in live dice (aka craps) that comes from a dice control.

Quote

What sports in general are considered the best for safe betting?

Also, "Safe" betting is the most retarded term out there. Betting means risking something to get something, it cannot be safe just from the definition.

If by "safe" you mean something that will most likely to happen (like 90% or so) - then usually you will be on the wrong side of the odds anyway and will bleed money in the long run.

So now, I can see that sports bets are not exactly great, because you will either have a really big chance of winning, but you have to bet a lot of money and you can win only small percent in return because of the odds. Or you risk and bet on some not so certain matchups - either win or lose (similar to dice).

magicmexican

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Merit: 1000

"

Quote from: opossum on April 02, 2015, 11:02:53 AM

That does not answer the question in anyway whatsoever, 10% "skill" in dice is non existent it is as close to 0 as possible. I am finding it hard how anyone could believe that any skill is involved, there are no winning systems just luck on the day.

If we want to dig really deep one might argue that there is some sort of "skill" in live dice (aka craps) that comes from a dice control.

Quote

What sports in general are considered the best for safe betting?

Also, "Safe" betting is the most retarded term out there. Betting means risking something to get something, it cannot be safe just from the definition.

If by "safe" you mean something that will most likely to happen (like 90% or so) - then usually you will be on the wrong side of the odds anyway and will bleed money in the long run.

Snorek

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Quote from: opossum on April 02, 2015, 11:02:53 AM

Quote from: Coef on April 02, 2015, 10:46:40 AM

Quote from: magicmexican on April 02, 2015, 10:27:53 AM

10% "skill" in dice? How can you be that delusional.

Many gamblers have some superstition and irrational beliefs. Just as examples, they like to do pre-rolling, switch between over/under bets, change seeds after a series of losses, and in the end ask for a winning strategy when they have been told there is no such thing again and again.

That does not answer the question in anyway whatsoever, 10% "skill" in dice is non existent it is as close to 0 as possible. I am finding it hard how anyone could believe that any skill is involved, there are no winning systems just luck on the day.
I have been watching guys with their pics recently on lurk mode one of the guys is above, whatever they are doing requires a kind of skill being able to notice all the little things that make it great picks, however the original 90% skill the dude said is far of as well. Sports betting all day and i will start actually betting soon and not just following

I have a question do you consider horse racing a sport betting or just regular gambling? What sports in general are considered the best for safe betting?

opossum

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Quote from: Coef on April 02, 2015, 10:46:40 AM

Quote from: magicmexican on April 02, 2015, 10:27:53 AM

10% "skill" in dice? How can you be that delusional.

Many gamblers have some superstition and irrational beliefs. Just as examples, they like to do pre-rolling, switch between over/under bets, change seeds after a series of losses, and in the end ask for a winning strategy when they have been told there is no such thing again and again.

That does not answer the question in anyway whatsoever, 10% "skill" in dice is non existent it is as close to 0 as possible. I am finding it hard how anyone could believe that any skill is involved, there are no winning systems just luck on the day.
I have been watching guys with their pics recently on lurk mode one of the guys is above, whatever they are doing requires a kind of skill being able to notice all the little things that make it great picks, however the original 90% skill the dude said is far of as well. Sports betting all day and i will start actually betting soon and not just following

copuxin

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Quote from: pagalwana on March 25, 2015, 07:52:26 AM

Hello everyone I have been gambling on sports recently and dice too. I personally feel sports are better because there you have use knowledge too and not just luck. While dice is fast and has very small house edge, what you think ?

Don't hope that you will be get rich by gamling. You can win today but will lose all tomorrow. Believe me !

Coef

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Exhausted

Quote from: magicmexican on April 02, 2015, 10:27:53 AM

10% "skill" in dice? How can you be that delusional.

Many gamblers have some superstition and irrational beliefs. Just as examples, they like to do pre-rolling, switch between over/under bets, change seeds after a series of losses, and in the end ask for a winning strategy when they have been told there is no such thing again and again.

magicmexican

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10% "skill" in dice? How can you be that delusional.

Astargath

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Quote from: Slark on April 02, 2015, 09:25:29 AM

Quote from: ?? on ??

Dice = 90% luck + 10% skill & have fun playing dice

Sports = 10% luck + 90% skill & more fun watching sports

But, i still prefer dice because i don't know much about sports

I have a problem with Dice just because I prefer games where a little 'skill' can help you win. Dice is for me totally skilless game, just pure luck based. From the other hand sports bets are of course luck based as well,
and 'skill' of a gambler is not so important but you need to have knowledge about certain matchups or odds.

Yeah i get what you mean, sports is about knowledge not about skill, you like games like a race game or a shooter game, unfortunately there are none as far as i know.

Slark

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Quote from: ?? on ??

Dice = 90% luck + 10% skill & have fun playing dice

Sports = 10% luck + 90% skill & more fun watching sports

But, i still prefer dice because i don't know much about sports

I have a problem with Dice just because I prefer games where a little 'skill' can help you win. Dice is for me totally skilless game, just pure luck based. From the other hand sports bets are of course luck based as well,
and 'skill' of a gambler is not so important but you need to have knowledge about certain matchups or odds.

Phildo

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They are different things completely. One involves skill, which means the edge can be different over time. One is just luck, so if you want a pure gamble you should do that.

I've read more than once in this thread that sports betting has a higher house edge than dice, but that completely misses the point of sports betting. If you are just randomly picking sports bets, that's true, but that's not how people succeed in sports betting. Sports books TRY to set the line so that they have a certain house edge, but you can use your skill and knowledge to figure out when/if that is wrong and make bets that have less edge than dice (or even no edge via arbitrage and middling). It's definitely not easy to spot these, but it's possible if you have enough knowledge.

kennenman

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Quote from: pagalwana on March 25, 2015, 07:52:26 AM

what you think ?

I like both as i am a gambler i really like the speed that i can lose on dice, sports is exciting and requires some skill an knowledge then you can make some decent money, i am overall up from sports a little but down on dice a lot lol but i have called it a day on dice now so hopefully all will be good for the future.

rayhan

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be your self

I have not found the best way to sports betting, with parlay I always lose but if not parlay the very small profit but the chances of winning increase,, someone please teach me how to play on sports betting
dice? my "expert"

Astargath

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Quote from: syamster on March 28, 2015, 03:05:54 AM

Sports betting are better than Dice when it compare with luck, but when it compare with odds dice is better than sports betting, but I say in sports betting you loss or gain money slowly, but in dice the result you get quicker...

You are either trolling or you know nothing about betting and statistics. How can you say dice has better odds than sports? Are you crazy? Do you know someone that has been able to make profit over the long term playing dice? No you dont because such thing does not exist meanwhile with sports there is a lot of people that right now is rich because of it, so next time you feel like you want to post something stupid, think twice.

syamster

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Sports betting are better than Dice when it compare with luck, but when it compare with odds dice is better than sports betting, but I say in sports betting you loss or gain money slowly, but in dice the result you get quicker...

Minnlo

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Dice betting is always with a small 1% negative EV, no matter how you play. The good thing is that it is fast and very easy to play.
Sports betting could give you positive or negative EV, depending on how good you are. Sometimes the other gamblers are under-confident in one team, causing the odds to go higher than it should.

fox19891989

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Quote from: Wendigo on March 28, 2015, 01:20:32 AM

Yes sportsbetting follows a trend, for example the Euro qualifiers yesterday were very easy to predict and yielded a great profit. You can't say that about the dice sites unless you are cheating.

Yeah, sport betting is predictable, good teams have much higher probability win other teams. We can also enjoy the match.

While dice is not predictable unless the player gets the exploit like that guy who won 2000BTC from primedice, and stunna said that guy was cheating.

Betting Sport has more fun because we can enjoy the game, dice is boring indeed, unless earn a lot of money.

Wendigo

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Yes sportsbetting follows a trend, for example the Euro qualifiers yesterday were very easy to predict and yielded a great profit. You can't say that about the dice sites unless you are cheating.

Topic: Sports betting vs dice betting (Read 4265 times)