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Topic: Why going for 1.02 odds and below - page 3. (Read 561 times)

rby
hero member
Activity: 742
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Brotherhood is love
September 17, 2022, 06:46:37 PM
#52
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.
legendary
Activity: 3066
Merit: 1312
September 17, 2022, 06:22:41 PM
#51
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What is your opinion?

Betting on sports with odds under 1.1 does not worth the risk for me. Although I do not bet on sports much for sure I will never bet with such low odds and I would not even put it on parlay bet. I will always prefer to bet on sports with odds more than 1.5. I cant imagine what people feel when they lose their bet on such low odds? The same applies in other games such as dice or any other game where we can set/choose the payout, I will not bet with low odds no matter what the reason is. Even if my main purpose is to increase my wager statistic, I will still prefer to bet on higher odds than 1.1
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
September 17, 2022, 06:11:46 PM
#50
It could be done as a strategy to increase your betting % (VIP%) and get more bonuses for it.
Read here:

https://gamblingfreebies.com/strategy/finding-a-value-bet/

This post explains very well how a 1.01 bet could be extremely valuable.


Yeah, it works the same way as Dice.   I also can't find enough reason to go after those bets except for point making to qualify for some events or VIP rankings.  Others may think why not go for Dice, well Dice is really a good way to make point requirements for VIPs but I think Casino offers more points (like x2 or x3 if wagered on sports betting) for bets on sports betting than Dice.

Very few does it as a way to increase the wager and reach VIP levels. With majority of the people it is all about the understanding that the lower odds will win. When we make a bet on sports that we don't have much idea, it is always preferred to go with the lower odds. This way winning probability can be increased.
hero member
Activity: 3066
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Vave.com - Crypto Casino
September 17, 2022, 05:23:06 PM
#49
It's not worth it but for small bettors, a cent of gain is good enough knowing who's going to be the match winner. And for some casinos, there's the wagering bonus that you can fill with that bet even if the odds are too low.
There are also times, that a supporter won't mind about betting with his favorite team at a low odds as long as he's putting his trust to them and that little profit that he's getting won't really be a matter to him as he's shown support through betting for them.
legendary
Activity: 3010
Merit: 1280
Get $2100 deposit bonuses & 60 FS
September 17, 2022, 05:05:05 PM
#48
It could be done as a strategy to increase your betting % (VIP%) and get more bonuses for it.
Read here:

https://gamblingfreebies.com/strategy/finding-a-value-bet/

This post explains very well how a 1.01 bet could be extremely valuable.


Yeah, it works the same way as Dice.   I also can't find enough reason to go after those bets except for point making to qualify for some events or VIP rankings.  Others may think why not go for Dice, well Dice is really a good way to make point requirements for VIPs but I think Casino offers more points (like x2 or x3 if wagered on sports betting) for bets on sports betting than Dice.
hero member
Activity: 2730
Merit: 632
September 17, 2022, 04:48:52 PM
#47

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.
Even if i do have that big money then i couldnt really take up the risk.Betting up $1000 for 2% profit or gains? I wouldnt really be that on proper mind would be doing that. Cheesy
Just i have said that anything below 1.4 is never been a good bet to take on even how sure the player or team would be winning.There's always chance of upset and you would be fucking up
your huge bet if things turns out to be sour but well its our money then to those who could really able to take that huge risk on make low odd betting.
Its never been worth.Period.
full member
Activity: 2086
Merit: 193
September 17, 2022, 04:46:30 PM
#46
I think everything under 1000$ per bet for this kind of odds is really low profit. It would take a long time to get anything that is a solid amount. Also its not easy winning 100 bets at 1.02 odds. Plus some bettors use this kind of odds either to boost their wager amount or too boost their parlay odds. But this is still really low amount of odds for any serious profit
Will not waste my time on that kind of bet, I don’t see any excitement there and what ever their purpose is, I don’t think it’s working. Sportsbook might have the option to decline those kind of odds but they still allow it for some reason so be it. If you are not ok with that then just ignore that option and go for the odds that you think is fair and exciting, I always bet on a good odds.
hero member
Activity: 2562
Merit: 586
September 17, 2022, 04:38:58 PM
#45

Assuming I have $10 to bet with this week, going for 1.02 odd, the profit is $0.2.

Your calculation is wrong, your profit should be $0.02.

Honestly, I don't think that kind of odds is really attractive, although let's say that it's quite a sure win but I think it's still very risky to bet on that since no one could say who will win in the fight, meaning, there's no guaranteed winner in sports gambling.
Yeah. This is still gambling even if you say that you are confident with your pickings, sh!t can still happen sometimes making those underdogs win in the game so it's not really wise to risk a high-value bet if the return is only tiny when you win the game. Id rather risk high but the return is also high. Odds like that are not attractive but I wonder why they are available? Does it mean there are gamblers who choose it?

Hmm but for what purpose? Maybe it's also for wagering? Like on what we see in a casino, where gamblers can bet a little higher in a very high win chance game only to wager a little faster but they don't earn a profit this way.
legendary
Activity: 3794
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September 17, 2022, 04:22:25 PM
#44
I think everything under 1000$ per bet for this kind of odds is really low profit. It would take a long time to get anything that is a solid amount. Also its not easy winning 100 bets at 1.02 odds. Plus some bettors use this kind of odds either to boost their wager amount or too boost their parlay odds. But this is still really low amount of odds for any serious profit
sr. member
Activity: 1877
Merit: 389
September 17, 2022, 04:17:41 PM
#43
It could be done as a strategy to increase your betting % (VIP%) and get more bonuses for it.
Read here:

https://gamblingfreebies.com/strategy/finding-a-value-bet/

This post explains very well how a 1.01 bet could be extremely valuable.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
September 17, 2022, 04:04:26 PM
#42

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.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
September 17, 2022, 03:44:54 PM
#41
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?

You're right that as an individual bet, there's little reason to take this sort of risk.  However, if you think you have a few "sure things" in the mix, you could benefit by combining them with other bets to give you a much better possible outcome.  This adds additional risk to your bet, but it's a strategy I've used on occasion when I think a game is in the bag.  There's also with live betting the option to bet with these sorts of odds near the end of a game when the chance for a loss is almost 0. 

Betting with those odds before a game on a single bet though...  Seems like not the best idea.
hero member
Activity: 2730
Merit: 632
September 17, 2022, 03:20:25 PM
#40

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.
legendary
Activity: 2954
Merit: 1153
September 17, 2022, 03:03:31 PM
#39
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.
What I am thinking is that people will only use this means to have more addiction on gambling, they will think they can play frequently to turn little gain to higher profit. But in the process of frequent gambling, they may lose. Staking frequently on lower odds could be detrimental to their funds and possibly all capital may be lost. If I am a big whale, I would still prefer to go for a high odd, what I would look most into is for a bet to be valuable. Betting is not a way to make money, but should be fun, so I can still only use what I can afford to lose to bet.

I think the term detrimental can be seen in both ways, betting on higher odds but having more uncertainty of winning is also detrimental to their bankroll.  I don't think it is about addiction but most people will go where the crowd goes, meaning people wanted to bet on the crowd favorite just to go with the trend.  That is one factor.  Another factor is people often thinks that it is better to have a smaller win and a better chance of bagging that wins than having a larger sum of wins but an almost impossible chance of winning.  It is a common psychology for people who "almost doesn't want to gamble" their chance of winning.
hero member
Activity: 2884
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I am terrible at Fantasy Football!!!
September 17, 2022, 02:48:11 PM
#38
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?
There are two possible explanations for this, the first one is that people don't know what they're doing and they're taking whatever odds are available to them, the second reason is that despite people liking to take a risk they also want to play it safe so they take bets like that to satisfy their desire to gamble but at the same time they'll feel secure thinking the odds they have of winning such bet are great, when in fact the odds are so bad that even if they had great luck they'll never make any money out of such bets.
hero member
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Top Crypto Casino
September 17, 2022, 02:46:31 PM
#37
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.
hero member
Activity: 2156
Merit: 531
September 17, 2022, 02:39:59 PM
#36
Indeed, in fact of betting on live not worthy if look only on low odds, sometimes low odds can also lose if the match time still long. The possibility of betting at low odds is only by fans and gamblers who want to bet at low risk for any reason, but you're right OP if bet not win, just one bet it will be disaster. No guarantee of winning 100%. I rarely bet on live matches that give me a win 1.02 odds, not worthy usually I skip it too.
hero member
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September 17, 2022, 02:29:04 PM
#35
Most bookmakers give bonuses for what you bet - the more money you bet in total, the more bonus you get. Perhaps such bets are made by those bettors who do not have enough before receiving the bonus just a little bit. Therefore, they make such bets primarily to get a bonus and not to win a bet and get a huge 2% profit  Grin
In general, this is the flip side of bets with odds of 100 or more. Someone likes to make extreme bets.

That's exactly what I was thinking. Some players probably use such low betting odds to gain other benefits from them, as you mentioned. Maybe there is some kind of wagering requirement, for example when clearing bonuses, or for advancing to a higher tier and achieving VIP benefits. If a bet is very small, that might not give an advantage, as you said. But if a large bet is placed on a small odds, it might be worth betting for that reason.
legendary
Activity: 3346
Merit: 3130
September 17, 2022, 01:43:04 PM
#34
....
That is, if you bet at such a low probability without understanding the possibility you have of losing and you only think that you win 100%, it is wrong, that is what really matters, and that is where people lose:(e.g. random)




We can call it the snow ball method, if the user go all in on each bet, then the snow ball with gets huge in the long run, but as famososMuertos mention, this is gambling and we can't always win.

Another important thing to mention is the other side of the bet, if we can bet to x1.01 then how much the underdog pays, is like hitting the jackpot in the sport bets, is really rare to see that but sometimes crazy shit happens in the sport bets, we will never forget the 7-1 on Brazil vs Germany on the 2014 FIFA World Cup  Grin
hero member
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September 17, 2022, 01:42:07 PM
#33
I tell you my point of view.... regardless of the value of an odds, I try to bet on events that have the "certainty" of occurring.

for example if I can bet on the victory of a football team that wins 3-0 in the 80th minute I don't look at the odds (I consider the event as certain to occur). I don't choose an odds if it's lower but I choose if it is an event that it's going to happens.

This is interesting- can you expound on the meaning of "certainty" on what you just stated?

Generally, I tend to disregard the odds stipulated and just go with my gut on the bets that I usually encounter. More importantly, I also follow the bets that most people offer in the live betting website, so I am curious on how you go with the definition of "certainty.:

As much as possible, I also go all out on bets that I am sure that the odds are higher on my favour (e.g. sportbets, etc.).
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