Which one would you follow, sharp money or public money?

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Quote from: Viscore on September 08, 2024, 09:34:44 AM

So which side do you follow or have followed based on your gambling experience so far?

I have no idea but I always follow some bet pickers and sometimes decide to favor my analysis of the match before casting my bet. Whichever my way fell whether sharp or public I hope to learn the next part of the question. I have no idea how to identify and is going to be a big help when you bet on sports.

But I'm guessing following the public only applies when there is a need for public engagement like VOTING, like the coming election? Not happening if all who engage are just bettors analyzing the match.

darkangel11

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I wouldn't follow any of them and bet the way I feel at the moment.
If you want to bet like the big boys, you can often choose to choose favored teams and players, the bigger the difference the better. Big money will often tip the scales by a lot, so if you see a bet that,s 20:80 you can be sure big money is in the 80. Would you bet on a match like that? I sure wouldn't because for it to count you have to bet a lot of money, otherwise the reward will be very small. I'd rather choose a more even bet. Also, the example of Drake proves that someone betting big can also lose.

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Quote from: Viscore on September 08, 2024, 09:34:44 AM

For seasoned sports bettors, I'm sure they understand this as it's essential for determining the value of the odds available for a given game. They say that public money comes from bettors who often decide based on emotions and tend to lose most of the time, while sharp money comes from professional sports bettors whose outcome is often opposite to public money.

So which side do you follow or have followed based on your gambling experience so far?

This above statement is somehow not clear to me and I think others also struggle to read and be able to make anything out of this statement and for sure trying to oij one or two points from what you posted such as games odds and how emotions can affect the gambler to lose they bet, so for that I can reason anything that connect public money to this discussion.

My understanding of public money, it means government money most especially those money generated through tax collections and other public funding channels.
Which isn't really connected to gambling in any ways, also taking the other way around which is reasoning if what you mean is somewhat close losing and what the lost money are meant for.

So I believe the money that the casino settle winners from are money lost by other gamblers, but we can't refer to that as public money.

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For a sports bettor, it is very important to differentiate public money from betting money because this will help in making smart choices. Public money is usually from recreational bettors, which often means emotionally based or popular-trend-based betting; this can result in the available odds not being completely reflective of the true game situation. Professional analysis compares data about the statistics of the teams, their performance, and many other facts so that betting money comes from professional bettors, not being swayed by public opinion. They are certainly not always used, but can appear to signal a dramatic or sudden change in tone or direction within a sentence.

And from experience, I think following, a betting money pattern makes more sense if we want to increase our chances of winning in the long run. Professional bettors tend to look for “value” in odds that are often overlooked by the public because they are too focused on a favorite team or a particular trend. While there is no guarantee of winning, more rational and strategic than following the flow of public money which is often based on emotion.

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Quote from: swogerino on September 08, 2024, 01:21:42 PM

Quote from: stompix on September 08, 2024, 01:02:04 PM

Just as with copy trading, there is copy betting, plenty of guys doing it, and your choice on tracking the right guy at the right time.

Except we don't know who the top guy is in sport betting, sure we can copy bets and many casinos are making it a good feature I must admit yet I think they need to restructure it a bit in order to give us also the statistics of users, many casinos offer to not show the statistics of the user if the user chooses so yet they can show us the last 10 bets or 100 bets of such person and we can conclude our way if it is a good idea to follow this guy or not.

It's not casino or gambling websites that provides this info, it's tipster websites that have been around for decades like Tipstrr, everyone publishes his bets before the games and the stats are recorded with all the info, the return and so on:
https://tipstrr.com/tipster/shrewd-tips
and there are others like olbg, specialized in soccer and horse racing
https://www.olbg.com/best-tipsters/Football/1
this is where I get my tips and they have have a cumulative rate of around 10% returns over a season

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Quote from: stompix on September 08, 2024, 01:02:04 PM

Just as with copy trading, there is copy betting, plenty of guys doing it, and your choice on tracking the right guy at the right time.

Except we don't know who the top guy is in sport betting, sure we can copy bets and many casinos are making it a good feature I must admit yet I think they need to restructure it a bit in order to give us also the statistics of users, many casinos offer to not show the statistics of the user if the user chooses so yet they can show us the last 10 bets or 100 bets of such person and we can conclude our way if it is a good idea to follow this guy or not. In trading platform they don't hide statistics and in fact quite the opposite they show which users are doing well for a certain period of time, like 1 week, 1 month, 3 months and a year for example and that is something these sport betting companies should do, increase visibility and this would make copy betting really easy to achieve.

stompix

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Quote from: Adbitco on September 08, 2024, 12:38:27 PM

Let me throw more light to what you are saying here; the thing is we don't have professional or public bettor,

Yes we have, just like you have professionals employed who make the odds there are also gamblers who have made this a profession, and you have
-gamblers that focus on the odds movements and bet on exchanges just like some trade cryptos: like https://www.betfair.com/exchange/plus/
-gamblers that focus on timeform much like tipsters that will play only when the right combinations of odds and timeform pop-up
Throwing money at one event is not making you a pro, it makes you a whale, and whales are not known for raking proiits!

Hobby bettors gamble with the intent of winning each match they put in, professionals are gambling in a way so that they win more than they lose, chasing not the favorite but the value behind the bet.

Quote from: Silberman on September 08, 2024, 12:48:42 PM

Would professional bettors even allow you to follow them and make the same bets as them?

Just as with copy trading, there is copy betting, plenty of guys doing it, and your choice on tracking the right guy at the right time.

Silberman

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Quote from: Viscore on September 08, 2024, 09:34:44 AM

For seasoned sports bettors, I'm sure they understand this as it's essential for determining the value of the odds available for a given game. They say that public money comes from bettors who often decide based on emotions and tend to lose most of the time, while sharp money comes from professional sports bettors whose outcome is often opposite to public money.

So which side do you follow or have followed based on your gambling experience so far?

Would professional bettors even allow you to follow them and make the same bets as them? Professional gamblers are very wary about revealing their methods and even the kind of bets and games in which they bet, as they are afraid that someone else may reverse engineer their method and that person may eventually reveal it, decreasing its effectiveness and the profits they may get with it, so it is not as if we have too much of a choice, however following the will of the public at large is a mistake, since they are the ones losing money to the casinos and I am sure you do not want to obtain those same results.

Adbitco

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Quote from: Viscore on September 08, 2024, 09:34:44 AM

For seasoned sports bettors, I'm sure they understand this as it's essential for determining the value of the odds available for a given game. They say that public money comes from bettors who often decide based on emotions and tend to lose most of the time, while sharp money comes from professional sports bettors whose outcome is often opposite to public money.

So which side do you follow or have followed based on your gambling experience so far?

Let me throw more light to what you are saying here; the thing is we don't have professional or public bettor, what we have are those who always bet with big size of amount of money, like as Drake is, he is known to be betting with huge amount, this type of people you can refer them as professional betters while people like you and I who always stake with at least from 10$ to 1000$ are known as the public bettor and of course our winning do come from people like drake if they lose in a particular game by betting against their bets.

I think this is how you should explain it to let people understand what you are saying. I was actually getting it twisted but had to think fast to get what you mean. There is one thing about this type of people, most times since they are influencers lot of people follows their bet online and what they say maybe probably they may post their bet online immediately after placing bet and people would love to follow them, but at point if you stake against what they bet and it happens that they lose automatically you win while their money is being credited to those who stake against their bets.

I guess this is what you were trying to say, correct me if I'm wrong.

ajiz138

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Quote from: danherbias07 on September 08, 2024, 11:02:40 AM

How would we know?

Professional sports bettors don't always bet for the favorites, they also sometimes bet for the underdogs if they think there's a chance of winning it. Also, it is not like the gambling sites are transparent with the number of bets from one side to the other.
We are all just guessing which player or team will win the game or maybe even bet for the loser or other lines available there. I don't think we have that ability to know what is happening inside the system and the odds doesn't move that much even if the favorites is being bombarded by bets.

I don't really understand sharp money and public money.

Gambling sites will not display the amount of bets to the public these are only individuals they know, unless the casino publishes on social media for other purposes, if I want to know then we can't see that.

We bet according to what we do, of course more favorite teams are chosen to bet but in sports betting there are many kinds of odds that can be chosen, so we can choose according to what we know with the odds.

batang_bitcoin

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Quote from: Viscore on September 08, 2024, 09:34:44 AM

For seasoned sports bettors, I'm sure they understand this as it's essential for determining the value of the odds available for a given game. They say that public money comes from bettors who often decide based on emotions and tend to lose most of the time, while sharp money comes from professional sports bettors whose outcome is often opposite to public money.

So which side do you follow or have followed based on your gambling experience so far?

I'm not sure if there's an importance about this because both money are coming from gamblers as well. Professional bettors or not, the money comes from both people that just like to bets casually and professionally. It doesn't matter to me whichever I follow for the money because what matters to me is that I am winning my bets and whoever is following which is which, I'm sure that we'll just have to ignore any significance wherever the money is coming from. In the end, it's still loser's money goes to the winners.

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Quote from: Viscore on September 08, 2024, 09:34:44 AM

For seasoned sports bettors, I'm sure they understand this as it's essential for determining the value of the odds available for a given game. They say that public money comes from bettors who often decide based on emotions and tend to lose most of the time, while sharp money comes from professional sports bettors whose outcome is often opposite to public money.

Those who bet based on their emotions are likely to lose the bet because their decision on what's bet will definitely be compromised by how they feel. I don't understand what you are saying about the sharp money and public money.

But one thing I understand about sport betting is that every new season gives the gambler a better chance to plan out well, make the pick from the beginning of the season, and know how to follow up games in order to take advantage of every given opportunity if you know what you are doing now is the best to start.

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How would we know?

Professional sports bettors don't always bet for the favorites, they also sometimes bet for the underdogs if they think there's a chance of winning it. Also, it is not like the gambling sites are transparent with the number of bets from one side to the other.
We are all just guessing which player or team will win the game or maybe even bet for the loser or other lines available there. I don't think we have that ability to know what is happening inside the system and the odds doesn't move that much even if the favorites is being bombarded by bets.

stompix

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Quote from: Viscore on September 08, 2024, 09:34:44 AM

They say that public money comes from bettors who often decide based on emotions and tend to lose most of the time, while sharp money comes from professional sports bettors whose outcome is often opposite to public money.

Nobody says that!
Sharp money is about bettors with a high strike rate, it doesn't matter if you're a professional bettor or purely lucky, it's about the guy who manages to beat the odds.
Professional gamblers with overall high strike rat can still screw up, one of my tipsters is +141 for 14 days and -73 for the last 7 days!

Quote from: Wapfika on September 08, 2024, 10:20:37 AM

How do you manage to follow them?

You can follow "public" money by checking the odds movements:

here is money coming for this horse, coming down from 5.5 to 1 to 4:1

Wapfika

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Quote from: Viscore on September 08, 2024, 09:34:44 AM

So which side do you follow or have followed based on your gambling experience so far?

How do you manage to follow them? Not all bettors share their picks in public especially for the public money to be possible to follow. It’s not the same with trading which we can saw the buy and sell pressure to assess what’s the pulse of the majority.

I’m not really sure for the intention of the topic but your option is obviously bias to the sharp money since the public money describes as the majority of bets losing on each match.

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Quote from: Viscore on September 08, 2024, 09:34:44 AM

For seasoned sports bettors, I'm sure they understand this as it's essential for determining the value of the odds available for a given game. They say that public money comes from bettors who often decide based on emotions and tend to lose most of the time, while sharp money comes from professional sports bettors whose outcome is often opposite to public money.

So which side do you follow or have followed based on your gambling experience so far?

Which tools are you using to follow this money actually? You are looking at some bets placed by customers(or so-called) publicly shown by casinos? If it is how you are doing that you shouldn't fully trust this source IMO, because casinos are not here to help people making money from them but the opposite instead. On top of that, you can't spend your daytime looking at that, it means you should use a tool like a bot to monitor those public betslips. And after that, you have to determine if each bettor is a professional or not, that's very difficult IMO. But if you use something else to track those money flow, let us know please.

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I still dont understand what you mean by professionals bettors because the last time i made my research i had never seen a professional bettor before. Even they approach gambling with the primary aim of making it their source of income. Yet not all of them who call themselves professional gambler are successful with it. It is very challenging if at the end of the day, they are not making money from it. Because for one to be a professional he ought to be successful in that area of expertise. While gambling is luck it may be difficult to attain consistency being a preferred bettor.

Viscore

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For seasoned sports bettors, I'm sure they understand this as it's essential for determining the value of the odds available for a given game. They say that public money comes from bettors who often decide based on emotions and tend to lose most of the time, while sharp money comes from professional sports bettors whose outcome is often opposite to public money.

So which side do you follow or have followed based on your gambling experience so far?

Topic: Which one would you follow, sharp money or public money? (Read 176 times)