Topic: Why a single bet is better than a multi bet. - page 8. (Read 1100 times)
It's better because you could put all your efforts in it to make sure that you won't lose, while it is the complete opposite of multi bets, because it's too hassle for me to analyze data for multiple bets. I'd rather bet big with big research included for assurance rather than randomly make multi bets. Also, multi betting doesn't assure you profits, sometimes it could go other way around.
For me multi bets are complicated since at the end you do need all the pieces in the right place. Considering bowling, you have to make sure to hit them all. But with single bets they are quite easy, you either win or you either loose. People are aware of these facts and they are also aware of the fact that they get more money if they win a multi bet than a single bet. I do think for experts multi bets are just another way of winning more than they bargained for, but for people who get anxious and cannot handle that much stress I do think single bet is still better than multi bets. Personally speaking, I would prefer a single bet, multi bets are more risky.
I am also of the same opinion as for me placing a single bet would yeild only win loss situation and don't have to determine the various factors while placing the multiple bet and then analysing which was right or say keeping an eye on all of them.Not sort of this who can manage to think about all scenarios and place bet according to them but only single bet is best for me.
It depends on each person. I do not like multi-bet because I need to manage all of my bets and if I lose all bets, I will lose more money. Instead of losing more money, I prefer to use a single bet to monitor the sports carefully and see how big my chance to win and even if I lose, my losses will not be big. But that depends on how much money we will use to bet. Besides that, the multi-bet can put you in danger if you do not know what you pick because that can make you pick a random bet for the teams.
Maybe multi-bet works with people who realize the risks and manage all of their bets without a problem.
Some people like accumulation bet but it is riskier, some people have a maximum of like 3 accumulated bets, some can go for 2 maximum, these are still less risky to people going for over 10 to 30 matches accumulated bets. I remember when I bet on 30 accumulated matches, I lost three matches, it would have been better if I just went for three or less matches. Too much accumulation in a single bet is very risky and not recommended, but still going for like 2 to 3 matches is not a bad idea. Maybe multi-bet works with people who realize the risks and manage all of their bets without a problem.
Calculation wise, Multiple bet(Parlay) is pretty risky compared to a single bet but not all gamblers are playing Multiple bet just to have a higher win rate. Most them bet in parlay to try there luck and win a huge profit in one shot. Gamblers playing parlay only put small amount on there bet because its only just for fun bet. Personally I play parlay as an extra bet after I successfully placed a set of my single bets for the day. You really shoudn't play parlay if your goal is a consistent profit. It's case to case basis on how we use Multiple bets and Single bet in our gambling routine.
This is an important point of discussion, thank you for opening a topic!
When I participated in DirectBet competitions* (a few years ago
) I was one of the few to place single bets and "don't try your luck"... because if you play for win and not just for waste your time, you have to take in account basic statistics.
I have tried to explain here in my personal topic about betting.
It's always easier catch one event and not more events in the same parlay/combo bets... it's like math!
Ok you win less, but in a certain point of view it's a safe win with less risks!
So I think, if you are not playing for the sake of victory, feeling the emotion of a big win, this is the only reasonable strategy to follow.
* 2° place in hall of fame
When I participated in DirectBet competitions* (a few years ago
) I was one of the few to place single bets and "don't try your luck"... because if you play for win and not just for waste your time, you have to take in account basic statistics. I have tried to explain here in my personal topic about betting.
10° Last but don't least.... Don't play too much events in one toto bet!
Yes! don't make "a long long list" in only one bet to pump up the prize.
@100 x 2 btc = 200 btc... with 1000 bet 0f 1.10......
The @100 is not only a
happy number, "I can become rich" but it's a probability number, that your events will be set winning!
Trust me bookmaker want that you try to catch this high prize, because more match together implies more difficult (and I think with some numbers it's really impossible win).
A good friend (in the real life) use to bet from 6-10 bet every time like handicap, over 2,5 etc etc....
Him can get really the 90% of single match, but for only 1 every time him loose!
Why?!? Because if you play 6-10 single with strong quotes more @1.70 so far, you can protect your self for the "lucky bad of the last bet". There is also a psychological correlation, to see the prize get up, the vast majority of better, try to place the "surprise" or decide deliberately to point to more bet.
Yes! don't make "a long long list" in only one bet to pump up the prize.
@100 x 2 btc = 200 btc... with 1000 bet 0f 1.10......
The @100 is not only a
happy number, "I can become rich" but it's a probability number, that your events will be set winning! Trust me
bookmaker want that you try to catch this high prize, because more match together implies more difficult (and I think with some numbers it's really impossible win). A good friend (in the real life) use to bet from 6-10 bet every time like handicap, over 2,5 etc etc....
Him can get really the 90% of single match, but for only 1 every time him loose!
Why?!? Because if you play 6-10 single with strong quotes more @1.70 so far, you can protect your self for the "lucky bad of the last bet". There is also a psychological correlation, to see the prize get up, the vast majority of better, try to place the "surprise" or decide deliberately to point to more bet.
It's always easier catch one event and not more events in the same parlay/combo bets... it's like math!
Ok you win less, but in a certain point of view it's a safe win with less risks!
So I think, if you are not playing for the sake of victory, feeling the emotion of a big win, this is the only reasonable strategy to follow.
* 2° place in hall of fame
It depends on each person. I do not like multi-bet because I need to manage all of my bets and if I lose all bets, I will lose more money. Instead of losing more money, I prefer to use a single bet to monitor the sports carefully and see how big my chance to win and even if I lose, my losses will not be big. But that depends on how much money we will use to bet. Besides that, the multi-bet can put you in danger if you do not know what you pick because that can make you pick a random bet for the teams.
Maybe multi-bet works with people who realize the risks and manage all of their bets without a problem.
Maybe multi-bet works with people who realize the risks and manage all of their bets without a problem.
I think it is better a single bet as you minimize risk,so let's compare a single bet with a three games multi bet.You win your first bet of the multi bet and the next two games are further away in a few hours,you have won 33.3% of your bet but you have a risk of 66.6% of losing this bet if one of the game fails,even if you win the second game you have a risk of 33.3% losing the multi bet if your last game is lost.When you place a single bet it is 50-50 you either win or lose it but your chances are 50% and if you for example play a single bet as double chance you have 66.67% of winning probability,in the end is all based on probability.
Tell this man that single is better than multi! Just look at the killer shots, the man totally broke this multi ... it's a good bet, it's not a small amount to put this amount on this multi, but he did it!
I have never seen anyone to put so much money in a long list of a bet. Putting so much money even in a single bet needs a lot of confidence. The guy must know his game. Question is, did he win it? My highest in an 8 fold is £20 and it was a win. If I remember then it think I won somewhere around £800 to £900 LOLEdit: My goodness! It was a win!!
Yeah, it does tend to pay out once in a while. That's what gets people hooked.
But mathematically speaking your EV is much lower when you do multibets as you are layering on further house advantages over and over. It's an illusion that you feel like you are getting better odds on your bet.
A lot of my friends do swear by parlays though. But when they pull up their P&Ls on their account they will inevitably in the deep red. It is a lot of entertainment, I'll give you that.
Tell this man that single is better than multi! Just look at the killer shots, the man totally broke this multi ... it's a good bet, it's not a small amount to put this amount on this multi, but he did it!
I have never seen anyone to put so much money in a long list of a bet. Putting so much money even in a single bet needs a lot of confidence. The guy must know his game. Question is, did he win it? My highest in an 8 fold is £20 and it was a win. If I remember then it think I won somewhere around £800 to £900 LOLEdit: My goodness! It was a win!!
For me multi bets are complicated since at the end you do need all the pieces in the right place. Considering bowling, you have to make sure to hit them all. But with single bets they are quite easy, you either win or you either loose. People are aware of these facts and they are also aware of the fact that they get more money if they win a multi bet than a single bet. I do think for experts multi bets are just another way of winning more than they bargained for, but for people who get anxious and cannot handle that much stress I do think single bet is still better than multi bets. Personally speaking, I would prefer a single bet, multi bets are more risky.
I am also of the same opinion as for me placing a single bet would yeild only win loss situation and don't have to determine the various factors while placing the multiple bet and then analysing which was right or say keeping an eye on all of them.Not sort of this who can manage to think about all scenarios and place bet according to them but only single bet is best for me.
Great summary.
Multis are super favoured by bookmakers because it means that they have much more of an edge given the same amount of funds being gambled - and also they are more favoured to win every single time.
It's merely an illusion that you're more likely to win big. Your expected value is actually lower.
Multis are super favoured by bookmakers because it means that they have much more of an edge given the same amount of funds being gambled - and also they are more favoured to win every single time.
It's merely an illusion that you're more likely to win big. Your expected value is actually lower.
Very good topic, long time no see such here (with calculations). I think tomorrow i will look deeply into your calc and will do more proper post.
But from first impressions and my knowledge i can say that this doesn't matter too much, single bet or multibets. Of course, if you doing bets on different outcomes it will be much more complicated to win.
But from first impressions and my knowledge i can say that this doesn't matter too much, single bet or multibets. Of course, if you doing bets on different outcomes it will be much more complicated to win.
Well, multi-bets do give you more chances to create opportunities to increase the profit you could gain. Bookmakers love it since they get more profit, but the same could be said if you want you yourself to make more, though I do agree that single bets are better in most cases. After all, multi-bets require all pieces to align, which is kind of difficult (or really difficult) if you're not into well, trying to study the matches deeply. I tend to do it rather simply, plus, single bets don't make me lose that much money compared to multi.
Actually I don't think Multibet is that bad because it does allow bettors to get more value from a series of outcomes rather than just taking low odds bets on a single outcome.
but indeed this is quite worth the risk because if we bet but only one that we bet does not enter then indeed we are the ones who lose but if it does enter of course the results will be better than those who make a single bet.
I personally still prefer single bets because the risk is less than double bets, but indeed there are some who really have to do double bets because we really can't be sure of the single bets made.
As for the advantages and disadvantages of course the bettors already understand this
but indeed this is quite worth the risk because if we bet but only one that we bet does not enter then indeed we are the ones who lose but if it does enter of course the results will be better than those who make a single bet.
I personally still prefer single bets because the risk is less than double bets, but indeed there are some who really have to do double bets because we really can't be sure of the single bets made.
As for the advantages and disadvantages of course the bettors already understand this
Multi-betting are for those who wants a faster gambling experience, and personally I don’t want to gamble this way since I do have a limited capital every time I gamble so if I multi bet, I might lose the lose the money easily and the odds is still quiet the same compare to single bet. The only advantage of multi bet is the winning odds, but still it is not guaranteed.
This all depends on the strategies you bet on. Multi bets are good if you want to combine something smaller odds and go safer to grow them into bigger ones. Also with some big odds in big multies you can make your own Jackpot o most and win really big. Single bets are good to grow your bankroll aswell.
Today's #MultioftheDay is a thing of beauty 🖼
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Tell this man that single is better than multi! Just look at the killer shots, the man totally broke this multi ... it's a good bet, it's not a small amount to put this amount on this multi, but he did it!
Single is only safer ... and for us amateurs, it is much better in the long run than chasing multi (with higher or lower odds) where we are always screwed by at least one game, it has happened to me too many times, I guess it happened many times to many of us! Lately, I am more focused on singles and little profit, eventually, I have two games at one bet slip, but that is max, I don't push it like before!
That gambler maybe is very very familiar with basketball, the reason why he was very confident to have multi-bets and betting a good amount of money. I know, most of us don't have the courage to play big in multi-bets. And I can understand that feeling because I am more on single bet also. But this scenario shows that there are gamblers that can be successful with multi-bets, depending on the sports they are into.
This is not something new it's quite obvious that the odds of winning a multi bet are lower than a single bet,but the multiplier is higher and that's why people go for them.
It's not obvious to any new gambler and it's a good reminder. Most bookmakers make tiny margins on individual bets and make most of their money from multi-bets, which should tell you that the odds are certainly not in the favor of the player in that situation. People are very poor at judging mathematical odds once the calculations start getting complicated, especially the average person trying to calculate a 5 string set of wins - you can guarantee that most people placing a bet will only see the huge multiplier and think they're making a wise choice. The odds against you actually go up exponentially the more games you add but the payout doesn't change to match it.
and as stated on op that even 4% is small to mind off but it would really make out some significant effect which you should really be mindful if you do really tend to maximize possible profits
then you would really minding about these details and its normal that bookmakers would really give out this since its business on the first place.
Today's #MultioftheDay is a thing of beauty 🖼
Tell this man that single is better than multi! Just look at the killer shots, the man totally broke this multi ... it's a good bet, it's not a small amount to put this amount on this multi, but he did it!
Single is only safer ... and for us amateurs, it is much better in the long run than chasing multi (with higher or lower odds) where we are always screwed by at least one game, it has happened to me too many times, I guess it happened many times to many of us! Lately, I am more focused on singles and little profit, eventually, I have two games at one bet slip, but that is max, I don't push it like before!
Thus, the bookmaker's advantage in this multi bet will be 21% That is why bookmakers give various bonuses for multibets, for example, Sportsbet gives 10% if you select 5 events. But even with this bonus, the bookmaker's advantage is much higher than that of a bet with almost the same odds (11% vs 4%).
making
The odds will always be in favour of the bookmaker. This is the idea behind gambling, But if one is intent on getting a win from sports betting, then OP's opinion on single bet is valid except that the win may be small at times. If you want a good win, you are going to have to stake a larger amount of money, the risk still exist as multibet as you may still loose it all. A peculiarity is that with multibets, you can stake small, get lucky & win big, but with single bet to win big, you must stake big. making
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