Why going for 1.02 odds and below - page 4.

bittraffic

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It's a low-risk bet. Having that kind of ratio obviously, you are almost sure to win going for that team. I have once tried it and won just $40 for a $300 bet. I'd be regretting if I lost it, fortunately, I won.

Quote from: madnessteat on September 17, 2022, 01:49:39 PM

I try not to bet with such low odds as I see no point in risking for 2% income. That's why I, just like TS, don't understand people who are willing to risk their bets for such a low profit percentage, because there is always a chance that your bet will be lost. Personally, I think the minimum possible winnings should be at least 10-15% of one bet.

It's not worth it if you have doubts that the team may lose but you may want to look at the options. I'm not into football but in boxing, you can bet on how the fighter will win like by TKO or by the decision which has good odds than just a win.

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I try not to bet with such low odds as I see no point in risking for 2% income. That's why I, just like TS, don't understand people who are willing to risk their bets for such a low profit percentage, because there is always a chance that your bet will be lost. Personally, I think the minimum possible winnings should be at least 10-15% of one bet.

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

What is your opinion?

I used to place bets on low odds and I only do them because it's one way to increase the level of my account with less risk knowing they already have a big enough lead but it's sometimes risky as there are teams that get too confident with their big leads. If account levels aren't involved then the other reason would be to include them in the parlays since they slowly add up and it's an alternative to get better odds if you don't think teams could cover the handicap.

BitcoinAccepted

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I can understand why people use this strategy. The chance of losing is minimal, let's say 1-2% per bet. So you should win every bet, but the statistics don't lie. And that means on average that you lose 1x out of 100 times. We can assume that players who bet on 1.01, bet the entire bankroll and then you lose everything. Nice idea, it might go well for a very long time, but the moment you lose once is only a matter of time. I once saw something like this with a player who was laying the 3-3 correct score at Betfair.

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

What is your opinion?

Every bettor must have his own way when betting and betting at low odds can be his favorite because the possibility of winning is greater even though it is not a guarantee and it could be that low odds like that will be the target of whales where they are accustomed to risking large funds so that the profit is also large even though the risk of defeat is still there. These low odds often appear in live matches where gamblers are often more focused on the opportunity to profit than to lose

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There is still value in this on live events especially if you bet huge amounts. It is essentially a no-risk bet with a potential to earn even just 1% of your bankroll. I would personally avoid these kinds of lines as it will be of no benefit to me since I rarely go over $100 on my bets anyway, and a 1% gain from anything lower than that bet is negligible. I'd rather bet on some other event with a tight matchup and good odds than to waste my time waiting for the result of this 1.0x bet.

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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?

When we are talking about such low odds then it also signifies that the outcome of that bet is having the edge towards that bet.
In case the odds on one side 1.02x and on the other side it's more than 3x then most probably the chances are that the winning bet would be 1.02x.
I know that the 3x bet could also win the bet and I have seen it happening as well but those cases are rare.

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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?

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.

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

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?

These low odd bets are more common than you think. Especially in larger tournaments there are a lot of weaker teams who are being paired with the favourites and having almost no chance of winning. You are right that it takes a long time to win a row for making up for one loss. For me it's too risky to only be betting on such small payouts. I am sure that if you place 50 bets in a row there will be one game where the underdog wins and you lose it all. A bad day for the top scoring player or a injury can ruin everything. From time to time I bet on these 1.01 or 1.02 bets, but in general the minimum should be 1.05. Like this you only need to win 20 bets in a row to recover your initial amount. The most important thing for me is to never put all my bankroll on a single bet, I always need some funds on the side in case a bet goes wrong and I need to recover.

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Quote from: Wexnident on September 17, 2022, 09:18:55 AM

I guess there are just people out there that want to take the safest option as much as possible?

Not actually safe for me as that was a horrible loss if we lose decent money out of betting on that kind of odds. I didn't really know what are the reasons for some bettors still choosing that kind of odds but it's their money, therefore, their own rules.

As for me, I will never touch that odds on a straight bet.

My lowest odds that I take so far is around @1.5 but that depends on my own factors.

famososMuertos

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In my case it is betting rhythm, when I bet I have a previous estimated money, so I almost always bet the same every week but they vary according to the team and its odds, that is, let's say that according to that I have $10 left of the estimated $100 I have to bet on the League "x", then to complete the cap I simply do the bet looking at the game in question and just bet.
In any case as usual if you make a bet at @1.01 with any amount cripto, you have to be aware What can you lose, it's that simple.

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)

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Quote from: Wexnident on September 17, 2022, 09:18:55 AM

I guess there are just people out there that want to take the safest option as much as possible? I mean I guess that would make them have low a f profit, but well, some people have the mindset of "profit is profit, no matter how small". Especially if you consider how gambling itself can pretty much make your entire bankroll disappear. It probably isn't a matter of even if it's worth it or not cause as you can see it isn't, but it is safe. I guess that's the price they have to pay to be on the safe side.

I bet normally on the teams I like though, regardless of the odds.

If that's the case then it's more make sense if those bettors with that mindset will make a parlay set with 1.02 or around odds.

If my Mathematics is correct, in 25 parlay leg bets with all odds of 1.02, the estimated profit is; $10 bet = $6, $100 bet = $60, and so on. But even at 1.02 odds, there is still a chance of losing and it turned out it's riskier to bet on 1.02 in a parlay.

I don't want a problem in my head, just ignore odds around 1.02, simple as that.

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^ Yup. Lmao. No idea why it's even a question. The juice is so huge and is devoid of any value. Pretty much think the books are taking some money against you and winning it in the long run. And the odds of your bet winning the match might not even be the correct odds on the line. Think pot odds vs odds to hit your draw in poker.

I mean try doing 100 bets with the line at 1.02 and see if you get 10 bucks profit.

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

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?

For me, just don't think about it since it's not worth it.

Just be on our usual way of betting without putting too much technical analysis on some advantages or related things about betting on that kind of odds.

Seriously, even if the winning chance is great, upset always happened. It's more painful to see losing at low odds compare to risking at high odds.

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I guess there are just people out there that want to take the safest option as much as possible? I mean I guess that would make them have low a f profit, but well, some people have the mindset of "profit is profit, no matter how small". Especially if you consider how gambling itself can pretty much make your entire bankroll disappear. It probably isn't a matter of even if it's worth it or not cause as you can see it isn't, but it is safe. I guess that's the price they have to pay to be on the safe side.

I bet normally on the teams I like though, regardless of the odds.

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Quote from: Oshosondy on September 17, 2022, 07:35:39 AM

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.

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.

Agreed and I believe it’s only those addicted person who only choose this kind of weird odds because wagering requirements purposes. A normal gambler will rarely choose this pick because there’s a lot of betting option available with better odds than choosing a bet like this just for the increase of loyalty level.

I knew some player that consistently hunting this kind of odds for his huge bet just to have a safe bet for faming his wager. He is prioritizing more on his VIP rewards rather than the actual profit he can get on his bet as long as it is safe.

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

in my experience big and small odds don't guarantee you can win, but most gambling sites place small odds on the best club, big odds on the less good club, but in the field all that can be revealed.

I have experience during the match Everton vs. Liverpool, Liverpool odds 1.53 and Everton odds 1.10 percentage comparison 65/62, in fact and the facts during the match Everton vs. Liverpool ended 0-0, Another experience match Man United vs. Liverpool odds for Liverpool are 1.25 while for Man United it is 1.69 in fact Man United are winning 2-1.

From the experience of sports betting especially football, the odds for me have no effect on my bets, I focus more and consider the team playing on the field, to determine.

cryptomaniac_xxx

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Obviously it is not worth it, I mean for average gamblers like us, although it could be a 'sure win', it's so small that you will not enjoy our profits.

But then there could be gambling whales willing to bet a large sum amount of money, just to make a decent profit. So I guess it depends on how much you are willing to bet in those kind of matches. Personally, I'm not going to bet on such odds.

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Quote from: Hypnosis00 on September 17, 2022, 08:19:39 AM

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

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.

Actually, you're the one who's wrong simple multiplication should tell you that the 1.02 odd on a 10$ bet will give you 10.2$ in return if you win hence, 0.2$ profit.

Quote from: Hypnosis00 on September 17, 2022, 08:19:39 AM

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.

Odds like this on sports don't really attract much attention since the return is too small. However, people usually bet on these odds as the matchmaking isn't balanced which can be interpreted as a sure-win match. But still, it's hard to interpret a sports match as a sure win even with unfair matchmaking since the underdog usually gets underestimated.

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Quote from: Queentoshi on September 17, 2022, 08:54:44 AM

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

I think it is fair to reason that some people, say a very little percentage of people who stake on a bet, may not really be staking with the intention to win huge money but just the satisfaction of winning, so they do not concern so much about the odds associated with the bets whether if it is profitable or not, they just stake their bets.

If knowing when not to bet is as important as knowing what bets are worth making, then the concern for reasons why people make their ridiculous bet shouldn't bother one. Just as well put by @Queentoshi, most people derive joy from the satisfaction of just winning. Perhaps one can call it a healthy gambling life style, or playing it safe, or fear of loss syndrome or evenn sheer ignorance on techniques of betting. Whatever be the reasons why persons use such odds is justified by the satisfaction they derive. I would further like to attribute such joy to that gotten when someone's favorite team wins. Though one doesn't get paid for cheering for his favorite club, but the joy of being a part of a winning team is exhilarating.

Topic: Why going for 1.02 odds and below - page 4. (Read 515 times)