Why going for 1.02 odds and below - page 5.

Queentoshi

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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.

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.

Gozie51

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

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.

No odd is staked as sure win in gambling. In a ticket you will be surprised that the lowest odd is the one that will cause you the loss. Usually teams that are given such odds are big teams when they are playing against small team but sometimes there are upsets in such games. However I know some bettors that prefer such ridiculous odds but they push the odds up with extra money so that the potential winning can increase.

Adbitco

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At first those people going for such odds what is their betting amount then secondly the probability of winning is sure than choosing a high odds. Maybe they don't want to go for the higher odds to reduce tension i.e, if you wanna stake with $30 or $100 and you ended up select 4 matches at average of 1.5 or 2 odds each which would gives us 8 odds or thereof then Staking with $100 will give you a good value, therefore consider those staking with $1k would not be as those who stakes with $10. I think the higher your stake the high profit you gain, so despite 1.03 odds or 1.4 with good amount to stake you also have good pay out.

Hypnosis00

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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.

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.

Gozie51

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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.

What is your opinion?

Low odds and high odds are just a thing of choice. The gamblers that taste both sides knows what strategy to bet with depending on what works for them. Particularly for me when I want to bet I search for possible high odd games to bet and not low odds because it is a game of luck, whether high odd or low odds. And you have answered the question for low odd players. They boost the odds with additional money to be a reasonable winning potential and that is what works for them, we don't have to be surprised why they do that.

bitbollo

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Quote from: Eternad on September 17, 2022, 07:32:32 AM

You made his comment too literal. His point was he is not looking to the number odds but rather to the probability of the pick to actually win regardless of what odds it is. This is true if you are a real sports bettor. You are not betting for the odds but rather to let your pick win because players usually support the players that’s why they are placing there bets on it that’s why there are still players that still betting on small odds on the fight.

Eg Mayweather vs Mediocre boxer. Odds will obviously small for Mayweather but still people choose him over pther player even with insane odds because people knew that Mayweather will win.

that's true. I don't look the odds but in this case I am evaluating the event.
And I'll try always to place a bet in a event that I am confident it will happens or If I think there is a good chance to "exchange" the odds after I bet on this event.

Directly from my topic about betting advice:

Quote

9° Play ONLY when you are sure to win! But REMEMBER: there is not an easy betting [RULE 7] (at least for the 99.99% of the case), because, everything it's possible, and when a bet it's really to simple to win... is not quoted!!!!
Don't trust (again) tipster, likewise some one on facebook that sell H/F time bet of rigged match... ( I don't believe in this user, because if you play by yourself you can become rich with only one bet!)

of course this not means I am always trying to find bet with such lower odds, but just that also these bets have "some value" even for small amount.

Oshosondy

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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.

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.

Eternad

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Quote from: virasog on September 17, 2022, 07:17:46 AM

Quote from: bitbollo on September 17, 2022, 07:08:05 AM

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.

Do you get the chance to place the bet on the match which is so much certain ? Usually if the score is 3-0 in the 80th minute, the bookies will suspend the bet or give option to bet in the favor of the losing team with bigger odds like 8 or 9.

In cricket matches, I do see these 1.1 odds but they are also not worth taking the risk. What if there is a turnaround and the winning team collapsed and lost the match? You will lose the bet. I prefer to take the bet which has some reasonable odds so I get nice profit if I win the bet.

You made his comment too literal. His point was he is not looking to the number odds but rather to the probability of the pick to actually win regardless of what odds it is. This is true if you are a real sports bettor. You are not betting for the odds but rather to let your pick win because players usually support the players that’s why they are placing there bets on it that’s why there are still players that still betting on small odds on the fight.

Eg Mayweather vs Mediocre boxer. Odds will obviously small for Mayweather but still people choose him over pther player even with insane odds because people knew that Mayweather will win.

virasog

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Quote from: bitbollo on September 17, 2022, 07:08:05 AM

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.

Do you get the chance to place the bet on the match which is so much certain ? Usually if the score is 3-0 in the 80th minute, the bookies will suspend the bet or give option to bet in the favor of the losing team with bigger odds like 8 or 9.

In cricket matches, I do see these 1.1 odds but they are also not worth taking the risk. What if there is a turnaround and the winning team collapsed and lost the match? You will lose the bet. I prefer to take the bet which has some reasonable odds so I get nice profit if I win the bet.

bitbollo

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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.

dimonstration

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Dimon6969

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.

Oshosondy

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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?

Topic: Why going for 1.02 odds and below - page 5. (Read 514 times)