Why going for 1.02 odds and below | Bitcointalksearch.org

Mahanton

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Quote from: ralle14 on September 20, 2022, 08:40:13 PM

Quote from: xSkylarx on September 19, 2022, 01:06:15 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.

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Quote from: Zackgeno96 on September 20, 2022, 02:41:45 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, 09:28:12 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, 09:12:20 AM

Quote from: TopTort777 on September 20, 2022, 07:42:39 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?

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.

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Quote from: xSkylarx on September 19, 2022, 01:06:15 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, 03:39:06 PM

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?

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, 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?

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.

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Quote from: Don Pedro Dinero on September 18, 2022, 11:15:45 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, 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.

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, 09:12:20 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, 07:42:39 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, 07:42:39 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?

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.

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Quote from: samcrypto on September 20, 2022, 06:09:59 AM

Quote from: smartaction on September 20, 2022, 06:05:14 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

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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?

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, 06:09:59 AM

Quote from: smartaction on September 20, 2022, 06:05:14 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$

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Quote from: smartaction on September 20, 2022, 06:05:14 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, 07:54:32 AM

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

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, 07:02:08 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.

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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.

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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.

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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?

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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.

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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.

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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.

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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.

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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.

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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.

rby

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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.

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

---------
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

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Quote from: serjent05 on September 17, 2022, 06:05:05 PM

Quote from: Get-Paid.com on September 17, 2022, 05:17:41 PM

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.

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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.

serjent05

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Quote from: Get-Paid.com on September 17, 2022, 05:17:41 PM

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.

Mahanton

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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.

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.

Johnyz

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Quote from: Joca97 on September 17, 2022, 05:22:25 PM

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.

jostorres

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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.

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.

Joca97

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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

Get-Paid.com

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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.

AmoreJaz

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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.

OgNasty

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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?

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.

Mahanton

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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.

lionheart78

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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.

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.

South Park

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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?

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.

Wiwo

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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.

Doell

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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.

decodx

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Quote from: KTChampions on September 17, 2022, 11:13:57 AM

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.

seoincorporation

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Quote from: famososMuertos on September 17, 2022, 10:23:14 AM

....
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

qwertyup23

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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.

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.).

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

dothebeats

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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.

Mauser

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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.

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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.

Wexnident

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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 (Read 547 times)