Why going for 1.02 odds and below - page 2.

n0ne

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Quote from: darkangel11 on September 18, 2022, 11:08:39 PM

The only thing that comes to my mind when you mention low odds are parlay bets. Individually such a bet is not worth it but it can increase your payout if you go for a combo.
It can also be worth it for people who want to take low risk with big money. Betting $10 sucks in this case but what if you had 10k to bet and thought this is a sure bet?

In combined bets it'll add value. Apart from that it is high risk of the same odds were followed on the Casinos. With sports betting on sure bets, it'll give hands depending on the bet amount. Higher the bet amount, high will be the return. Very importantly these bets can help with increasing the wager.

Don Pedro Dinero

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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, 09:50:16 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.

darkangel11

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The only thing that comes to my mind when you mention low odds are parlay bets. Individually such a bet is not worth it but it can increase your payout if you go for a combo.
It can also be worth it for people who want to take low risk with big money. Betting $10 sucks in this case but what if you had 10k to bet and thought this is a sure bet?

wheelz1200

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Quote from: Oshosondy on September 17, 2022, 07:02:08 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?

It's almost a feel good bet. For some people they need to just win a bet and betting on games like that almost secures you a win. For me I think it's the mental part of breaking up a losing streak. And then you feel better about betting on a more risky bet because of your "win streak". As far as doing it for the money yeah it doesn't make sense.

KTChampions

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Quote from: dimonstration on September 17, 2022, 07:05:48 AM

Odds like this usually given on live match that has almost win rate. This kind of odds is obviously not for small players because they will not gain anything from it but rather for those whale players that usually bet huge amount of money like 6 digit. Imagine how massive the profit is when you huge amount of money plus the wager volume be added to your account VIP level for your rakeback.

It’s like betting on dice game with 99% win rate.

If a player is satisfied with a profit of 1-2% (since he bets a huge amount of money), then I can imagine how he will feel when the very event that kills his deposit happens Grin

Even this season we have already seen how Borussia win 2-0 in the 89th minute, but the game ends 2-3 and those who made a "guaranteed" bet lose their money.
As a result, all whales using meager coefficients come to this - losing the entire deposit due to potential winnings of a percentage or two.

buwaytress

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Quote from: dimonstration on September 17, 2022, 07:05:48 AM

Imagine how massive the profit is when you huge amount of money plus the wager volume be added to your account VIP level for your rakeback.

It’s like betting on dice game with 99% win rate.

This. I imagine someone betting live on 1.01 could do it multiple times in a few hours. Nett profit 10% if you settle quickly 10 times, not to mention rakeback.

It's really the only way to squeeze a small bankroll for max wager bonus/levelings on a sportsbook.

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

pawanjain

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Quote from: mindrust on September 18, 2022, 08:14:58 AM

It is not worth indeed. You can make a lot more than 1% just from trading shitcoins. And somehow if you happen to make the wrong trade you can get out without losing your collateral if you used a stop loss. When you gamble on a 1.01 game and lose, you will lose everything you wagered there. It don’t make the slightest sense to bet on those games. You are completely right there.

That is actually a really good idea. Cryptocurrencies have a good volatility and getting 3%-5% in a day is not that difficult.
So when we are gambling we must make sure that the bet returns are at least more than 1.1x to make a sensible bet.
Otherwise it's better off to put the capital and trading itself to earn those returns with more security.

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Quote from: Oshosondy on September 17, 2022, 07:02:08 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?

If you want to get 10 dollars in return it is better to place a bet on a single team which has an odd like 1.10 and above and place a 100 dollars bet.Of course it depends on the amount you have at your disposal but I think that even these low odds of 1.10 to 1.30 will get you busted a lot of times so the odds do not mean anything in sport betting.I think that it is better to run and bet on higher odds as long as you know the teams that are playing really well compared to placing bets on such low odds.

The only reason and I don't think is a logical one is for example when they want to quit but want a great motivation,and losing with 1.02 odd can be a great one showing you that gambling can never make you money.I have just quit not sport booking yet but playing slots definitely just because of such things,they don't give you any money most of the time.

Little Mouse

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I still remember I had a big bet on a match on New Castle (can't exactly remember) where they were leading the match with 2-0 on first half. But at the end, Man City won the game. I placed a bet for New Castle when they were driving the match. This happens a lot of time. In fact, as you said, it doesn’t make any sense to place bet for such small return while you have a chance to lose the money. Maybe you will win few matches, but at the end of the day, if you lose one single match, you are likely to lose all the profit + of course your principal amount too.

mindrust

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It is not worth indeed. You can make a lot more than 1% just from trading shitcoins. And somehow if you happen to make the wrong trade you can get out without losing your collateral if you used a stop loss. When you gamble on a 1.01 game and lose, you will lose everything you wagered there. It don’t make the slightest sense to bet on those games. You are completely right there.

Fortify

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Quote from: Oshosondy on September 17, 2022, 07:02:08 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

Welsh

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Some bookies have an accumulator bonus, so putting these on to get a extra 5% can be huge when you're already have a return that will net you a good bonus. One of the main stream fiat bookies is doing it right now, and I've employed this technique the last couple of weeks. I was actually really damn close on two occasions. Only being let down by one favourite each week. That's just how it goes though. Usually, the 1.03, 1.05 come in. Both of my favourites that lost were around the 1.25 mark.

Cookdata

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Bookmakers are very clever because the odds are dynamic, not static, and alter as the event progresses. This is due to an algorithm that simulates the event's conditions. If we have event with A and B that are competing against each other and by virtue, A can beat B but you know anything can happen in a game, if B decides to surprise the audience, the odds will begin to change by shifting more odds to A because they know they wouldn't win and the B will reduce drastically especially when the time is already elapsing or closer to the end.

It is like a waste of time to me to play these kinds of odds, but bettors with a lot of money will take the risk when they know they will win.

blue_hurricanger

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Like many have said here. You approach it from the wrong angle. $10 isnt much so you see no point in it. But low odd bets have their charm cause it is considered to be a 'safe bet' that even though you won't earn much from 1.0x (x is a single digit), you are guaranteed to win it. A huge boon for people with a lot of money to bet, from $1,000 or up cause 1.05 of it is like ~5% or $50 free right there.

Some sportsbooks didn't like people to do it so they even close the betting if odds come to that low. Or games passed certain criteria for a comeback.

minime0105

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I know what you are trying to point out, the accumulation of the odds that will give you a reasonable amount of funds to win, yes the odds are too small but the fact is that some people prefer to use those lower odds since they will win the least of $10 or $20 for their bet, instead of playing with big odd and lose everything. Really it's good to play with a high odd so that when you win it will be reasonable amount, because even the low odd theirs no much assurance that you will win

CoinEraser

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I don’t bet often, but when I do, I prefer to bet with low odds, as the chance to win is quite high. I’m happy, even if my profit is very small. That’s why I’ve rarely lost in betting. I know I can still lose, but it just makes me feel safer. It might not be a good strategy, but it's just fun for me. That’s why I don’t have a problem when the odds are low. Wink

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Quote from: AmoreJaz on September 17, 2022, 05:04:26 PM

Quote from: Mahanton on September 17, 2022, 04:20:25 PM

Quote from: Oshosondy on September 17, 2022, 07:02:08 AM

What is your opinion?

Anything below 1.4x odds then i do simply skip out yet its never been worth imho.Even if its a clear winner type of game but i dont really tend to put any risk on making bets or going all in.
Yes, ive been seeing that 1.1 as the lowest and didnt see that 1.02 which is totally insane if Bookies having these kind of odds always and its true that surprisingly there are people who are
really that a fan with these odds and making those all in type of bets because they are 100% sure that a particular team or player would win the game.
Well, you arent forced to play or make bets with these odds but on just with your own personal mind and awareness then its never been worth.

to be honest, it is not really worth placing your bet on those very low odds. unless, you have good amount of money to bet with. at least the possible profits is quite significant. you can see those odds if the bookies is thinking that athlete has very high chance of winning. but for small bettors, i don't think it is worth your time betting on such odds.

Low odds are not worth considering for me. When we bet on a match, the main goal is to get some money (profit), when we win the bet. So if the odds are too little we may only get our seed money back with those odds and its not worth the time.

Also, there are so many sports and games to bet upon, why not find a game where houses are offering some good odds and avoid the games with bets like 1.1 or 1.2.

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Quote from: alegotardo on September 17, 2022, 08:22:27 PM

Quote from: Oshosondy on September 17, 2022, 07:02:08 AM

~snip~

What is your opinion?

The odds really tend to be "ridiculously" low when there are very high probabilities of a certain outcome occurring.
I usually place my bets well in advance of the start of the game, and I rarely change them as the game progresses.
Betting systems will always try to protect themselves from losses when they notice that there are high chances of a certain outcome happening.
Something that may seem little to us (punters) is a voluminous value multiplied by the thousands of bets made.

Obviously, there is a mismatch in the game. It's like the fight of Canelo vs GGG today's odds. Something tells a bettor to simply bet on the odds or what the bookmakers are telling you because it's a safe bet. Only a fluke to end an upset is the chance of winning to go for the other fighter. And it's usually true also to which an example is the Chimaev vs Holland fight.

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Quote from: Oshosondy on September 17, 2022, 07:02:08 AM

~snip~

What is your opinion?

The odds really tend to be "ridiculously" low when there are very high probabilities of a certain outcome occurring.
I usually place my bets well in advance of the start of the game, and I rarely change them as the game progresses.
Betting systems will always try to protect themselves from losses when they notice that there are high chances of a certain outcome happening.
Something that may seem little to us (punters) is a voluminous value multiplied by the thousands of bets made.

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Quote from: rby on September 17, 2022, 07:46:37 PM

Quote from: Wiwo on September 17, 2022, 03:46:31 PM

Those low odds are sure odds that tend winning so big bettors are aware of these odds and since it is a sure odds they accumulate more games with similar small odds and by the time they place the bet with a big amount, they earn high returns and there are odds boosters on some sportsbook markers and once your accumulated odds go higher above 8.0 odds you receive about 30% boost. So the jerk is to accumulate multiple small sure odds and make bet with a big amount.

You got the real point, apart from that is is bet for big players or whales, I have taken advantage of such odds myself by accumulating bets. After making my nice picks, I will have to add the small odds, the more you add the more multiplier you get when you are already on a long roll. Those odds are not good for single bets, unless for big players, but I use them to offset odds and have chances of technically increasing rewards. But in some cases they fail too, even as 100% sure as they may seem.

This is what I called as risking your money on a lower odds just to get the highest reward this may seem to work if you done it that way making bets of all the smallest odds but you are right also that it's not a good guarantee that you will make profit from this kind of strategy since most of the time it's always on a losing team considering the odds that they show.

This is risking despite the odds and a very few people I would say have win in this kind of play.

Topic: Why going for 1.02 odds and below - page 2. (Read 515 times)