I’m guilty of this since I usually bet on the point spread or total, which typically has 1.90 odds. Sometimes, I go for the moneyline, but mostly for underdogs since the payout is better compared to betting on favorites.
I just feel like I’m losing value if I take odds lower than 1.90, since the return isn’t as appealing. But thanks for bringing this up, I might reevaluate my strategy and see if it leads to better results.
Just a side comment-- I hope you guys avoid posting about gambling just for fun or anything like that. It’s better if we stay objective and focus on meaningful discussions so this thread actually makes sense.
Topic: Taking +110/-110 all the time thinking it's a 50/50 chance is a wrong idea. - page 2. (Read 174 times)
February 07, 2025, 06:15:36 AM
February 07, 2025, 06:12:42 AM
Maybe you can add the odds in decimals for those that are used to reading it that way.
Gambling based on odds is generally a bad idea in my opinion, especially if you are playing sports. You should consider a lot of other factors and understand the games you are betting on.
Best strategy is to gamble for fun.
- Jay -
Gambling based on odds is generally a bad idea in my opinion, especially if you are playing sports. You should consider a lot of other factors and understand the games you are betting on.
Best strategy is to gamble for fun.
- Jay -
February 07, 2025, 06:10:58 AM
I think what online sports bookies offer as default (x1.80 - x1.85) is always a 50/50 chance but we try to increase the chances of winning or decrease it with a higher profit by using the spreads. There are options and we can take advantage of those. There are also greedy gamblers who think their team can win even if they are super underdogs so they don't even add spreads which lowers their winning chance in exchange for a satisfying win if ever it comes true.
But the super favorites at x1.20 or lower are almost guaranteed to win. I don't mean there is a 100 percent chance because there are always bad things that could happen in the game. But not many gamblers are taking this bet because of the low profits and then the mentality of losing $1 and only winning $0.20 in the process is a killer which is why they don't want it.
But the super favorites at x1.20 or lower are almost guaranteed to win. I don't mean there is a 100 percent chance because there are always bad things that could happen in the game. But not many gamblers are taking this bet because of the low profits and then the mentality of losing $1 and only winning $0.20 in the process is a killer which is why they don't want it.
February 07, 2025, 05:55:02 AM
Gambling or betting as it may implies doesn't obey any other principles except probabilities. You can flip or tossed a coin, what is the assurance that side A gonna face up or side B gonna face up and again dose this requires you to be a pro in this type of bet?
To me it's simply 'No' as anyone can tossed a coin and have side A as up or B as up; what matters is the chances of someone having any of the sides as winning. Moreover there are people who gambles for fun and may not attached any strong or serious feelings to the game rather looking at their fun moments.
To me it's simply 'No' as anyone can tossed a coin and have side A as up or B as up; what matters is the chances of someone having any of the sides as winning. Moreover there are people who gambles for fun and may not attached any strong or serious feelings to the game rather looking at their fun moments.
February 07, 2025, 05:48:59 AM
I just watched a YouTube video from a sports betting creator I follow, and he said it’s wrong to always assume a 50/50 chance in betting. He explained that treating every bet like a coin flip is just guessing instead of finding real value. Instead, he suggests looking at moneyline odds, whether for the favorites or underdogs, to find better opportunities.
What do you think based on your knowledge? Do you agree or disagree, and why?
What do you think based on your knowledge? Do you agree or disagree, and why?
There is no hypothesis to justify the fact that gambling is on two sides. You win or you lose, and the chances are 50/50. No matter how convincing the game we bet on is there are still chances that we may lose. Let us not get our hopes high and don't trust anything this YouTube is saying. He is only looking for attention.
Key notes: Don't take gambling as a means of getting income its for extra cash only.
February 07, 2025, 05:44:23 AM
I have been betting for over 11 years now. I bet most especially on football. I later come to realized that both betting and gambling should only be done for fun. They should not be done for money. This will help you to know that you should use small amount of money to bet which you can afford to lose. So if you either win or lose, you will have no financial problem.
I do not look for opportunity in betting.
I do not look for opportunity in betting.
February 07, 2025, 05:38:31 AM
I just watched a YouTube video from a sports betting creator I follow, and he said it’s wrong to always assume a 50/50 chance in betting. He explained that treating every bet like a coin flip is just guessing instead of finding real value. Instead, he suggests looking at moneyline odds, whether for the favorites or underdogs, to find better opportunities.
What do you think based on your knowledge? Do you agree or disagree, and why?
What do you think based on your knowledge? Do you agree or disagree, and why?
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