Why going for 1.02 odds and below | Bitcointalksearch.org

Mahanton

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Quote from: ralle14 on September 20, 2022, 07:40:13 PM

Quote from: xSkylarx on September 19, 2022, 12:06:15 AM

Sometimes it's fun betting on those sport games with that kind of odd, what I do is I bet a huge amount on the lower odd then put a smaller bet on the higher odd which will result to breakeven.

It's only fun if you win the bet but losing a bet that involves low odds is one of the worst when you've experienced several loses and parlays that came from big favorites.

That strategy you mentioned is somewhat similar to arbitrage it can also be done through live betting but when it comes to very low odds it's so difficult to break even since one of the two sides is usually juiced by the bookies so you're better off shopping for odds with a different bookie.

I know the feels specially on making up some Parlays and always going for ML. Cheesy

and then suddenly the last bet do make out some loss because of some upset which do really sucks.
It do feels like you do really like to punch the wall due to frustration but well thats how gambling works where games arent that 100% precise on between winners and lossers.
Having low odds doesnt automatically means that they would win that certain fight or game but to have that common sense if its the heavily favorite then
bookies would normally be setting out those kind of odds.Its business afterall and they cant really just give out huge odds if they do know that they could
really be putting themselves on disadvantage.

ingiltere

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There are two reasons for this. First, naturally, that bet is considered to be a guaranteed winner. For example, there is a limit of 100 thousand dollars and when you play at 1.02 odds, you quickly earn $2k. This "easy money" mentality can cause you to ignore risks. As a result, you may win 90 times in this way and you feel that you have made a lot of money, but once you lose, you are in loss in total again. Betting companies rely on this, giving those odds and distributing the so-called "easy money". In fact, they get back this money and more with a single bet that seems guaranteed but ends with a surprise result.

The second reason is that some betting companies require a minimum number of bets when making coupons. For example, you cannot bet on a single match. İddaa in Türkiye has this system. There are matches with a minimum bet of 3 and you have chosen 2 matches, but you need a 3rd match to play them. We call this the filler bet and they add the very low odds bet that seems guaranteed. Of course, no one thinks that they can lose parlay from this bet.

fullhdpixel

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Quote from: Zackgeno96 on September 20, 2022, 01:41:45 PM

This strategy could work well in principle, and it can also work well for a very long time. I don't know exactly which odds you take, that would be a maximum of 1.02? You also have competitions where you can bet on odds of 1,001. Yes, very low but the chance of losing is 1 in 1000 while odds of 1.01 would indicate a loss of 1 in 100. And are there any specific sports or competitions in which you bet? There are many possibilities. I know there are many odds hovering around 1.01 in football games when a team is leading 3-0 or a total under 8.5 goals for example. However, those are dangerous odds. I think you'll lose faster than in theory. We see the craziest results appear more and more often.

Never heard of 1.001 odds but maybe you are right that it can only appear whenever there are competitions but what would be the goal of the game? Will the player need to choose that odds and bet as much as they can? And maybe whoever get the most number of wins will win. That seems exciting and too competitive to the fact that the chance to lose is only slim.

Quote from: Poker Player on September 20, 2022, 08:28:12 AM

plus it takes away the excitement of the gambling.

What can take the excitement in gambling is when you don't have money anymore to bet so the goal is to bet only smaller amounts. Another thing which can take the excitement in gambling is when you know that you can win easily but I think this isn't it because the risk on this kind of odds are seem to be high.

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Quote from: iv4n on September 20, 2022, 08:12:20 AM

Quote from: TopTort777 on September 20, 2022, 06:42:39 AM

Quote from: Oshosondy on September 17, 2022, 06:02:08 AM

I am thinking it does not worth it at all. Why are some people going for non valued bet of such low odds? It would only encourage them to increase the amount of money they stake on a bet and yet losing it at once is possible. Not a good strategy at all.

What is your opinion?

Because newbie or amateur gambler see them as lossless bets; bets you can make in last minute and with 99.99% probability win. A situation when you hesitate, but 1 cent is always better than nothing. When you are scared to bet, but gambling addiction and greed cant let your money not work.

Such odds always leave a big mark when you lose. Because it is always hard to realize you have lost $10 while trying to win few cents, which makes feel like a pathetic looser.

I agree it's mostly something we do as amateurs and newbies, especially in betting on sports, when I was younger (to not say kids under 18) we were searching for +10 games with very low odds, we thought that it will be easy money... we never won anything!

But when it comes to lucky games I felt pathetic many times, I usually played these odds when I had fun with wagering for some competition or race, I make some pretty high bets at lower odds and I got burned along the way! I am not participating in those for some time, luckily!

That proves that there are not safe bets in gambling (we had similar topic here with lots of discussion) Grin

I have also experienced placing low odds when trying to wager. Like setting 95% win chance in dice and still lose quickly Cheesy

Low odds are or wagering or levelling account only. Or to make a history in account, when a gambler wants to bet high, be it looks suspicious if a freshly registered accounts starts betting thousands. Most likely to avoid or postpone KYC.

ralle14

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Quote from: xSkylarx on September 19, 2022, 12:06:15 AM

Sometimes it's fun betting on those sport games with that kind of odd, what I do is I bet a huge amount on the lower odd then put a smaller bet on the higher odd which will result to breakeven.

It's only fun if you win the bet but losing a bet that involves low odds is one of the worst when you've experienced several loses and parlays that came from big favorites.

That strategy you mentioned is somewhat similar to arbitrage it can also be done through live betting but when it comes to very low odds it's so difficult to break even since one of the two sides is usually juiced by the bookies so you're better off shopping for odds with a different bookie.

Odusko

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Odds accumulation can be advantageous and also disadvantages as the possibility and tendency of accumulating more games than necessary which increase one chance of losing the bet because of a team's inability to win their game and that will affect rhe ticket in general so even though small odds are a pointer to game-winning, and still need to do a lot of analysis before going for those small odds nd there is no guarantee that there will be winning odds.

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Quote from: Patigi on September 20, 2022, 02:39:06 PM

Quote from: Oshosondy on September 17, 2022, 06:02:08 AM

On sportbooks, I have noticed some odds lower than 1.1. I definitely know that if people are not going for such low odds, bookmakers would stop adding such low odds. Even 1.08 is still better (understand me correctly, I am not saying it is better), I have noticed odds like 1.02 and 1.01. On in-play (live matches), I have even noticed 1.001 up to 1.005 to be included. Why are people going for these kinds of low odds?

Assuming I have $10 to bet with this week, going for 1.02 odd, the profit is $0.2. That means I have to bet 50 times of the same 1.02 odds to get $10 in return. But my $10 betting fund which I could lose in just a single bet. Is it worth it?

I am thinking it does not worth it at all. Why are some people going for non valued bet of such low odds? It would only encourage them to increase the amount of money they stake on a bet and yet losing it at once is possible. Not a good strategy at all.

What is your opinion?

Believe me that half bread is better than no.even me if I decide to bet I always go for such odd especially from 1.05 upward, when I pick does odds like four i always gather Iike 1.2 then I will stake it will 50dollar and anytime I play such I always win.even does bets company know that the wining probability of does odd high.

If bet company stop adding does odd that means they will be omitting some options and if they are omitting options people stop use their site.but all is choice.

We know that bookmakers is having some business which it would be understandable that they would really be going along on whats the favorite and they arent that dumb on setting out odds without having those

considerations on who does have that almost 100% winning chance although it cant really be assured but its not really that too hard to notice nor seen out on who does have the edge.
If bookie do set those odds of 1.02 then it is almost guaranteed and as a better then it would be your choice whether you do take risk on have a bet
or would really be betting the opposite and hoping for some upset?

Patigi

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Quote from: Oshosondy on September 17, 2022, 06:02:08 AM

On sportbooks, I have noticed some odds lower than 1.1. I definitely know that if people are not going for such low odds, bookmakers would stop adding such low odds. Even 1.08 is still better (understand me correctly, I am not saying it is better), I have noticed odds like 1.02 and 1.01. On in-play (live matches), I have even noticed 1.001 up to 1.005 to be included. Why are people going for these kinds of low odds?

Assuming I have $10 to bet with this week, going for 1.02 odd, the profit is $0.2. That means I have to bet 50 times of the same 1.02 odds to get $10 in return. But my $10 betting fund which I could lose in just a single bet. Is it worth it?

I am thinking it does not worth it at all. Why are some people going for non valued bet of such low odds? It would only encourage them to increase the amount of money they stake on a bet and yet losing it at once is possible. Not a good strategy at all.

What is your opinion?

Believe me that half bread is better than no.even me if I decide to bet I always go for such odd especially from 1.05 upward, when I pick does odds like four i always gather Iike 1.2 then I will stake it will 50dollar and anytime I play such I always win.even does bets company know that the wining probability of does odd high.

If bet company stop adding does odd that means they will be omitting some options and if they are omitting options people stop use their site.but all is choice.

Zackgeno96

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This strategy could work well in principle, and it can also work well for a very long time. I don't know exactly which odds you take, that would be a maximum of 1.02? You also have competitions where you can bet on odds of 1,001. Yes, very low but the chance of losing is 1 in 1000 while odds of 1.01 would indicate a loss of 1 in 100. And are there any specific sports or competitions in which you bet? There are many possibilities. I know there are many odds hovering around 1.01 in football games when a team is leading 3-0 or a total under 8.5 goals for example. However, those are dangerous odds. I think you'll lose faster than in theory. We see the craziest results appear more and more often.

buwaytress

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Quote from: Don Pedro Dinero on September 18, 2022, 10:15:45 PM

I see the OP's point. The return is very low, and even if there are whales who can bet large amounts, the percentage is the same. If the whale instead of betting 10 and winning 0.1 bets 1,000, he wins 10. He can bet many times in an hour as has been said, yes.

We can make the numbers as big as we want, but the point is that however likely he is to win the bet:

Quote from: buwaytress on September 18, 2022, 08:50:16 AM

Still not my style, though, we all know what happens to people betting on 99% win chance on dice, eventually.

Not my cup of tea either.

Yup. I suppose if I had a lot of money swinging around, and I were putting on accas with 1000/1 odds (and I've seen them plenty of times hitting actually, and with sites that allow system betting, I definitely see more of such players putting together strings of extreme longshots)... I might be tempted to throw in a "sure thing"... 1.02 takes 1000/1 to 1020 Wink

Not my cup of tea, but I can't afford the cup, nor the tea!

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Quote from: iv4n on September 20, 2022, 08:12:20 AM

I agree it's mostly something we do as amateurs and newbies, especially in betting on sports, when I was younger (to not say kids under 18) we were searching for +10 games with very low odds, we thought that it will be easy money... we never won anything!

Typical of someone who is just starting out, he does not want to risk too much, but the house cannot be beaten. You are risking X on a fairly safe bet but if you win you hardly win anything, and if you lose you lose the whole bet, plus it takes away the excitement of the gambling.

Quote from: TopTort777 on September 20, 2022, 06:42:39 AM

Such odds always leave a big mark when you lose. Because it is always hard to realize you have lost $10 while trying to win few cents, which makes feel like a pathetic looser.

This sums it all up.

iv4n

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Quote from: TopTort777 on September 20, 2022, 06:42:39 AM

Quote from: Oshosondy on September 17, 2022, 06:02:08 AM

I am thinking it does not worth it at all. Why are some people going for non valued bet of such low odds? It would only encourage them to increase the amount of money they stake on a bet and yet losing it at once is possible. Not a good strategy at all.

What is your opinion?

Because newbie or amateur gambler see them as lossless bets; bets you can make in last minute and with 99.99% probability win. A situation when you hesitate, but 1 cent is always better than nothing. When you are scared to bet, but gambling addiction and greed cant let your money not work.

Such odds always leave a big mark when you lose. Because it is always hard to realize you have lost $10 while trying to win few cents, which makes feel like a pathetic looser.

I agree it's mostly something we do as amateurs and newbies, especially in betting on sports, when I was younger (to not say kids under 18) we were searching for +10 games with very low odds, we thought that it will be easy money... we never won anything!

But when it comes to lucky games I felt pathetic many times, I usually played these odds when I had fun with wagering for some competition or race, I make some pretty high bets at lower odds and I got burned along the way! I am not participating in those for some time, luckily!

Peanutswar

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People not making bets with the small odds below 1 because it does not make a good return if you are just a small wager instead it is good to make a bet if the team is sure to win and you have a large amount to bet with so you can make a good profit with that, I tried this many times in e-sports betting it is not too much ideal to take profit it is more causes to loss if you wage that's why I always prefer a gambling casino that has a boosting with the odds like the sportsbet.io.

smartaction

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Quote from: samcrypto on September 20, 2022, 05:09:59 AM

Quote from: smartaction on September 20, 2022, 05:05:14 AM

Low Odds is have low risk if in the Football match score 3-1 or 2-0 and time over 80 min only 10 min left the game over. then Here we can predict a team to win and it is 99 percent effective . so we can bet for a must winning team with a low odds like 1.02-1.1 then we can easily with that bet . so if we make bet multiple time in a days by different match here we can easily earn a good amount .

This is possible if you are going to place a huge bet but if not, then this might be just a waste of time to many. Low odds are not profitable as many says, but yet there are some better who prefer to place on low odds because of a higher chance of winning but of course there’s still a risk here. I haven’t tried any low odds bet, and this is not my style of betting, maybe I can try if I’m not familiar with the team but with the top league, I guess very few will take this option.

Low odds is not much profitable but it has low risk . Of course, if someone want to earn money through low odds, then he/she have to make a huge amount of bets. He needs to complete at least 5-6 bets per day and place at least $100 worth of each bet. Then daily he will be able to get 10-20$ profit . i think daily 10-20$ earn for 100$ is enough earning

TopTort777

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Quote from: Oshosondy on September 17, 2022, 06:02:08 AM

I am thinking it does not worth it at all. Why are some people going for non valued bet of such low odds? It would only encourage them to increase the amount of money they stake on a bet and yet losing it at once is possible. Not a good strategy at all.

What is your opinion?

Because newbie or amateur gambler see them as lossless bets; bets you can make in last minute and with 99.99% probability win. A situation when you hesitate, but 1 cent is always better than nothing. When you are scared to bet, but gambling addiction and greed cant let your money not work.

Such odds always leave a big mark when you lose. Because it is always hard to realize you have lost $10 while trying to win few cents, which makes feel like a pathetic looser.

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Quote from: samcrypto on September 20, 2022, 05:09:59 AM

Quote from: smartaction on September 20, 2022, 05:05:14 AM

Low Odds is have low risk if in the Football match score 3-1 or 2-0 and time over 80 min only 10 min left the game over. then Here we can predict a team to win and it is 99 percent effective . so we can bet for a must winning team with a low odds like 1.02-1.1 then we can easily with that bet . so if we make bet multiple time in a days by different match here we can easily earn a good amount .

This is possible if you are going to place a huge bet but if not, then this might be just a waste of time to many. Low odds are not profitable as many says, but yet there are some better who prefer to place on low odds because of a higher chance of winning but of course there’s still a risk here. I haven’t tried any low odds bet, and this is not my style of betting, maybe I can try if I’m not familiar with the team but with the top league, I guess very few will take this option.

This is if you have a huge amount to bet in a very low risk match. Doing this in crypto is pretty much risk since casino might hold you money while they ask for KYC and some other details. That's a lot riskier than than match you hope to win.

But there are some odds that are less riskier in sports betting in crypto if a bettor just analyze the sport. Canelo vs GGG for instance has considerable low odds but winning options has good odds like 1.90 for Canelo by Decision. With this you don't have to bet more than a grand to win 20$

samcrypto

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Quote from: smartaction on September 20, 2022, 05:05:14 AM

Low Odds is have low risk if in the Football match score 3-1 or 2-0 and time over 80 min only 10 min left the game over. then Here we can predict a team to win and it is 99 percent effective . so we can bet for a must winning team with a low odds like 1.02-1.1 then we can easily with that bet . so if we make bet multiple time in a days by different match here we can easily earn a good amount .

This is possible if you are going to place a huge bet but if not, then this might be just a waste of time to many. Low odds are not profitable as many says, but yet there are some better who prefer to place on low odds because of a higher chance of winning but of course there’s still a risk here. I haven’t tried any low odds bet, and this is not my style of betting, maybe I can try if I’m not familiar with the team but with the top league, I guess very few will take this option.

smartaction

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Low Odds is have low risk if in the Football match score 3-1 or 2-0 and time over 80 min only 10 min left the game over. then Here we can predict a team to win and it is 99 percent effective . so we can bet for a must winning team with a low odds like 1.02-1.1 then we can easily with that bet . so if we make bet multiple time in a days by different match here we can easily earn a good amount .

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Quote from: Fortify on September 18, 2022, 06:54:32 AM

Quote from: Oshosondy on September 17, 2022, 06:02:08 AM

On sportbooks, I have noticed some odds lower than 1.1. I definitely know that if people are not going for such low odds, bookmakers would stop adding such low odds. Even 1.08 is still better (understand me correctly, I am not saying it is better), I have noticed odds like 1.02 and 1.01. On in-play (live matches), I have even noticed 1.001 up to 1.005 to be included. Why are people going for these kinds of low odds?

Assuming I have $10 to bet with this week, going for 1.02 odd, the profit is $0.2. That means I have to bet 50 times of the same 1.02 odds to get $10 in return. But my $10 betting fund which I could lose in just a single bet. Is it worth it?

I am thinking it does not worth it at all. Why are some people going for non valued bet of such low odds? It would only encourage them to increase the amount of money they stake on a bet and yet losing it at once is possible. Not a good strategy at all.

What is your opinion?

I have to agree that they are really not worth placing a bet on and for the risk involved I don't think even considering 1.05x payouts to be worthwhile either. I have actually seen several (in a row) bets of the 1.02/1.03 fail to win, so they are not guaranteed by any means. You also have to remember that most sportbooks will add in a buffer amount, so in reality the sportbook sees these bets as worth simply 1x or slightly less. Unless you have the facilities to really do mass and large scale arbitrage betting, you'd be better off avoiding this type of bet altogether because it will take you such a long time to pay off and just one miscalculation can wipe out a fifty successful bets that happened previous.y

Yes, it doesn't always mean low odds like 1.0x 100% to win. Sometimes, one team might be so popular while the other relative unknown/untested so everyone bets on the popular one, leaving that kind of odd. Still, in certain games, pass certain thresholds in a match, and the chance for a comeback is extremely low which make those low odd rate bet seems attractive to stack your fund for easily ~5% of returning.

Of course, bookmarkers ain't stupid. They also placed in criteria to close the bet sooner but not for every game. Look at Welsh's comment. Some do profit from a rare instance like that.

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Quote from: Oshosondy on September 17, 2022, 06:02:08 AM

-snip

Odds like that are almost sure win but ofcourse not always guaranteed, just think of a boxing match between Pacquiao and some rookie player. Many people would definitely not bet on some rookie which is not likely to win. Putting a huge bet on the player which has very low chance of winning would feel like winning a lottery if he really manages to defeat Pacquiao.

Sometimes it's fun betting on those sport games with that kind of odd, what I do is I bet a huge amount on the lower odd then put a smaller bet on the higher odd which will result to breakeven.

Topic: Why going for 1.02 odds and below (Read 561 times)