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I'm not sure how to explain my question properly, but it's just something I noticed that seems to matter to me in sports betting. So imagine match A and match B with the odds of the likeliest winner being approximately the same (say, 1.5). But in match A, the other two outcomes in 1x2 are also pretty likely (3.1 and 2.8, for instance), whereas in match B they are way less likely (5.2 and 6.5). So if you choose to bet on the likeliest winner, and the odds for that in match A and match B are very similar, does it matter to you what are the odds of other outcomes? I chose a couple of real examples to illustrate my point, although they are not perfectly similar and the odds are a bit different, but I hope you'll get what I'm talking about.
Here are the odds on Sportsbet.io (https://sportsbet.io/sports/event/soccer/england/premier-league/chelsea-fc-leeds-united-5fb950d862d53a36cd00b8bc) for Chelsea vs Leeds United:
https://i.imgur.com/EC5KAeH.png
And there are the odds for (https://sportsbet.io/sports/event/soccer/international-clubs/uefa-europa-league/tottenham-hotspur-fc-royal-antwerp-fc-5f8945cd2589877c64fb49c9) Tottenham Hotspur vs Royal Antwerp:
https://i.imgur.com/pUBZq8H.png

The odds on the likeliest winner are almost the same, but other outcomes are a bit more likely in the first match than in the second (even accounting for the 0.1 difference in the odds).
So when you are placing bets, does this difference between the odds of the favorite and other outcomes matter to you?

I would like to know how each house chooses its "favorites" ... is it just a mathematical probabilities?

I sincerely prefer to do my own analysis and ignore the "favorite", besides giving me a bigger reward I'm betting on what I believe, not just the most likely.

But I tend to lose bets almost always, so don't let my opinion influence you :D

Doesn't really matter what the odds for the other outcomes are, since you should only look at the odds for the outcome you want to bet on. If we make probabilities out of the odds for Chelsea game, we have this:

Chelsea -> 1.46 = 68.49%
Draw -> 4.70 = 21.28%
Leeds -> 5.68 = 17.61%

This totals up to 107.38%, so Sportsbet's vig is 7.38% in this market.

Now if you consider to bet on Chelsea, the only thing you should look at is the 68.49%. If you think Chelsea has a higher probabilty of winning than that, you should bet on them. If you think it's lower, then not and you can probably check for draw/Leeds, if there is some value there. So, if you give Leeds 25%, then you should bet on them instead.

The hard thing is to calculate your own probabilities. The good thing though is, that you don't need precise numbers, you just need to figure out, if it's higher/lower than 68.49%.

I'm curious, how did you calculate this chances of winning, do you have a formula with that which you can share?

I know the odds, in sports betting but I don't really get how to compute the exact chances of every bet.

It's just 100 divided by the odds. tyKiwanuka has made a typo and written 1.36 instead of 1.46 for Chelsea as shown in OP's picture, but otherwise, that's the calculation.

100/1.46 = 68.49%
100/4.7 = 21.28%
100/5.68 = 17.61%

This makes sense if you think about it logically. If we ignore the house edge or the casino's profit margins, and consider betting on a fair coin, then there is a 50/50 chance of win or lose. Your odds would be 2 - half the time you will double your stake, and half the time you will lose your stake. 100/2 = 50%.

Hehe, yes, it's no rocket science :) It's just this: Probabilty = 1/odds

1/1.46 = 0.68493
1/4.70 = 0.21276
1/5.68 = 0.17605

You can make a little Excel sheet with the above formulars and just put in the respective odds and have the (bookies/markets) probabilites in no time for lots of matches.

https://i.imgur.com/0C8yKej.png

I would recommend to do your own analysis first and then afterwards compare it to the bookies probabilities. That way you are not biased ;)

Edit: Thanks @o_e_l_e_o, my bad, corrected it.

Thanks for sharing the calculations and introducing (if I got it right) another important thing: the bet margin. Of course, the odds aren't "pure" and there's some interest of the casino there with that part that goes over 100%. However, I fail to see how the first match differs from the second match in this aspect. Or is the point that the difference between outcomes is insignificant in comparison with the margin?

Tottenham vs Royal Antwerp would go like this (right?):
73.5+19.6+14.2=107.3 (approximately)

So the margin's the same in these cases, but the odds of the outcomes are still further apart in the second case, correct?

The margin/vig is the same all the time, at least for certain leagues/sports. So you will always have these 107.xx% in EPL and probably in the other big leagues at Sportsbet. For niche/smalller leagues and sports it might be higher, since these markets are more risky for the bookmakers, so they want to have some extra protection. And in outright markets, you generally have lots of vig, because it's harder for the bookmakers to balance their books. In US sports otoh bookies tend to have quite low vig, since these are generally super perfect markets, so not very risky to work with small margins and you get a lot of action, so easy to balance your book.

The odds are further apart, because when you give Tottenham 73.53% (instead of 68.49% for Chelsea) there is less % to distribute on the other outcomes (draw/Antwerp). And the lower the probability, the higher the odds.

Yes it does to me. Odds some times can be used in analysing the likely winner of a match. Historically, you can check on the past games and times they have played and the odd  given to them. Many gamblers use the odd to monitor the games and it do fluctuates also. There are expected difference and if it goes beyond the usual, you can easily predict the outcome.

In my case odds really matter to me as it will dictate how much we can profit in a certain game that we would like to bet so I always consider in looking for the best odds to bet that is favoring my choices.

Even if they have only 0.1 difference in the odds, they still matter to me but with others I am not that sure if they are that keen to this small details as I saw some gamblers that are fine with whatever odds as long as they were able to bet in their favorite team. 

I think it's more like having one diamond under one of three boxes and you get to choose one of them. Chances are 1/3. But then after you choose one, another box is opened and it's empty. Would you switch your chosen box?

If you do, your chances are 2/3 of hitting. But in the end, you have equal chances of hitting either of them. Which is 50-50.

So is 2/3=1/3? Nah. I think that's why other odds don't matter. Only the outcome of the single game matters most.

Naturally, if I do (this is not so) betting professionally, then this difference in the odds is very significant over a long distance. As far as I know, the fact that the odds for the favorite are underestimated, and the underdog is more or less fair, was discovered a long time ago. As for the differences for approximately the same pairs, bookmakers often slightly adjust the odds if betters make too many bets on one of the outcomes of the match. Thus, bookmakers are trying to return to a situation where they make a profit for any outcome of the match.

For me, such a calculation is not difficult. However, the chance of occurrence of probability here is established in opinion of the bookmaker. I have always wondered how the bookmaker defines such probabilities. Of course, in this particular case I would also say that Chelsea is likely to win. However, I would not be able to determine the percentage of probability and set the right size of the odds. Bookmakers probably have much more complex formulas, quite close to rocket science.  :D

They surely do. I play more of accumulated bets and these odds add up to make your expected outcome worth risking your money over so, every odd in the series really do matter. It not only helps in the aspect of being a boost to the odds but, it limits the number of games you've got to add to your accumulated bet and as such, it keeps you off the path of danger or risk.
I believe every gambler should or would have a range of odd for which, his or her expected outcome is expected to revolve around and as such, every odd matters, toe at least.

For me sometimes it matters when the odds difference is big enough. If I really like an underdog and the bookies continue to underestimate them then I would grab the handicap if it goes the other way around then i'd take the favorite straight up. As tykiwanuka mentioned we calculate our own probabilities a small difference doesn't matter for the most part since we view certain favorites differently.

I always take that into account as nothing in this industry would completrly be in favor to your requests. And with randomness in online gambling apparently not being random enough, it's no surprise these houses will choose a favorite among the crowd. So in order to minimize my losses, I always take these numbers into consideration and from there, I'll come up with an answer. Not to mention the cumulative bonus you get in some sites which is exactly what a house favoring you over others would look like.

For me, I would only compare the odds offer by a certain site to the other, but it should be on the same game, then I would choose the best odds and that matters. In your example, that's 2 different games so it does not really make me interested to analyze it, besides, I only bet on games that I think my best chances of winning is higher.

here's the sequence on how I see things.

Choose a game>check the odds> compare to other bookies>put a bet.

That is also what I did. If we have noticed that the best players/team will have that option and I choose the lower odds. If we base on what OP had shown to us, of course, I'll choose Chelsea over Leeds. But this not means that we are about at 100% sure we won, might just say 50-60% winning percentage IMO and base on my betting experience.

Your expected value at the end of the day should be relatively the same (assuming that you don't have information regarding the match that would result in you having an advantage over the house). As others have mentioned, these odds are entirely dependent on the projected probabilities and therefore price of each outcome.

So does it matter? Absolutely. You don't want to be betting on an event where there is significant spreads that leads to a very high house advantage -  that would be shooting yourself in the foot. And that can only be determined by looking at the payout and probabilities of each outcome of your 1x2 bet.

But I wouldn't pick the match that you bet on solely on odds of outcomes you don't bet on, because at the end of the day you are likely to have a disadvantage either way against the house (again, assuming no reliable tips). Pick the one that would give you more satisfaction if you win because after all, it's all entertainment.

I guess it doesn't? Well, as long as I don't need to bet on them, I don't think it would affect what my decision is. Though technically speaking the odds of what you want to bet on also depends on the other outcomes and vice versa, it doesn't really make sense that you're going to bet on A team winning and you'd be thinking what kind of influence a draw could have on your bet (ofc, other than the odds). And on that point, the two teams on are quite different from each other, so it's actually understandable that the odds for one point may be the same, but the others are different.

Still, I do my calculations on my own though I do use the probabilities presented by bookmakers as a reference to better clarify my own analysis.

It does really matter to me, even though it is just a little difference on a single bet, but if I can repeat it 10 times or even more than 100 times, then the profit that I can get will be much greater.

To get better odds we should compare odds from different bookmakers, and of course there will be extra time to do all that, but if we are already familiar with these sites, then the work will be easy to do. Maybe for some people, this is nothing (especially for people who are gambling just for fun), but in the long run, it can bring a considerable amount of profit.

This always matter to me, it helps me who has better chance to win and most of them are correct. Though betting on lower odds gives only a small profit, it is not a risky thing to do. Placing bets on higher odds will double or triple, or even more your profit but the risk of losing is very high. Sometimes I bet on both sides if the odds of the other team is too big.

Specially if the other one is your favorite on that game,i don't think it will matter if higher odds is on the opponent.
Sometimes Odds are depend on what the assessment on the capacity in the past games but of course winning is depend on how they play on that certain occasion .
And our instinct has a Big part on this,well that sometimes matter to me.

No problem if the profit is small since we don't chase bigger winning. But it will be different if we want to make a bigger winning. But of course, as you say, the risk will of losing will be very high. Perhaps, if someone can accept the bigger risk, he will try to place bets on higher odds, especially if he has valid data on both teams that will match, and he knows which team can be the winner. Usually, that person will place a big bet on that team because he wants to win.

The difference between the odds of favorite and the odds of other outcomes, is very influential and very important to me.
Because a small difference when placing a bet on higher odds will give you a huge profit. If you want to be successful at gambling,
small differences are very important and must be considered.

I want to write a short clarification because while the comments point out aspects worthy of discussion, it seems to me that many don't understand what I'm asking. I'm not asking whether 1.36 and 1.46 is a big enough difference for you. I'm asking if other odds against 1.36 and against 1.46 matter (how likely is the draw and the win of another team for a particular match, considered separately against the likeliest winner).
Perhaps I should explain why it feels important to me. So if we're not considering betting on the underdog, doesn't it matter how likely are other outcomes? If the lowest odds are 1.3, but there's also a 2.3 for, say, a draw, would not it make you less confident about your own bet than if the odds for this outcome were 3.1? Doesn't it matter how close or how far the competitor is?

The best part of any game is their respective odds, this odds help you chose or make a distinct decision which can be for your winning or sometimes be against your winnings during the game. Particularly, when talking about the sport betting, i usually put into consideration this odds of a thing before my final stakes selection, so, everything that happened to the game started from the odds selections, so it matters.

Practicality wise that what should gamblers do though there are gamblers that also love their favorite and they can risk one game just to support them.
and i think this is normal to all of us that if our favorite will be in that game for sure with high or low adds we will bet on them since this won't happen everyday.

small difference in the result may end us losing specially if the game is close.

Well sometimes i disregard the Odds if what i believe the other side will win,i am making my own research also because Odds at some point mistakes specially in boxing that the Single Punch may change everything in result.

Odds are not just favorites, its likely the team to win as well because sport bettors prefer to bet on the better team more that is why they get lower odds but likeliest doesn't mean it is going to happen all the time. So you need to move out from your favourite if you want to win because the likeliest to win the match could be even the opponents of your favourite team playing.

Clarification is still not easy to understand.  ;D
You mean, why do they still put odds to the underdogs yet we could already see who the winner will be just by looking at the odds?
I usually bet for underdogs in the NBA. I guess some of the members here know that.
So yes, it does matter if the numbers can be seen.
Somehow it gives an idea to the bettor on how strong the other team will be.
But, high-risk takers will always be there and I respect those guys for their courage in going against the flow.
It may also be because they don't like small profits. Yeah, just like me. I like to do it in one explosive win.

When it comes to sporting bets the odds matters as it gives the sport different view from the players. I honestly don’t see any major reason to concentrate more in the odds when it’s Crystal clears the other game with probably lesser odds might win the game because whether odds or not the whole thing is still gambling.

Odds are just based on the player favorite. I wouldn’t want a case where by I will be more concentrated in the odds of the game and keep loosing so I rather go with the most favorite odds for me.

Correct.

Comparing the results on which odd favors your profit is important to avoid too many losses. Betting without any analysation is a waste of money in my opinion because you'll just lost your money repeatedly, will be mad and disappointed. That's the mistake of so many gamblers, they just bet wherever they want to, always relying on their instincts and so on. Betting with a concrete plan with days of analyzing data and information base on the past results is always the superior.

If a person decides to bet dependent on just their favourites, they would suffer huge losses in the future. The thing is if I am going to bet on a certain thing and I have a chance at betting for something better , with better odds , better probability then : Why not ?
When you are placing bets you have to make sure to realize if you will win the bet or no. Having just the money in your wallet and betting with closed eyes based solely on preferences is something that is actually a really bad habit, maybe for the people who just bet once in a while and don't care about it much but for a person involved in this regularly, one have to be careful .
So I think one should have to let go of the favourites for a while. Be attentive. Follow up with everything and then go for it.

odds are important in any form of gambling whether sport or non sport because odds can be a way to know if the bet is winnable or not . higher odds will be less chance of winning but more profit and lower odds means more chance of winning but less profit

if you think lesser odds have more chance in winning then why not concentrate in it ? but it depends on your goal if you want to profit more you might want to check out higher odds  . lesser odds game can fail but the chance of it are low

I do not properly understand how the odds work yet, but if it's what I think it's then I would probably bet on the match that has the likeliest winner and has other two outcomes with way less likely winners. Or I would probably double bet on the match with other outcomes that also has pretty likely winners. I guess the double betting for two outcomes in a match applies here?

You've got the idea of these odds. But double betting is not applicable most of the times especially if the winning team is only one. Double betting is only advisable to cases wherein there are two or more outcomes which will generate the win, because it is perhaps a matter of increasing the probability.

 Odds should be considered as a gambler and it is not a good thing to go only with your bias. The goal is to win in gambling and not solely to give support on your bias/es. If you're not sure, there's an option not to bet, or to just minimize in order to avoid huge losses.

I will only follow the spread odds because I don't have time to analyze the teams that will compete...
not very often on target but quite effective for bettors who don't have time to analyze the team that will compete.

You're right. @OP, let's say your team B strikes in 2 goals and scores them first and you have placed a bet on them of around 1 unit, the odds will significantly decrease for the team B and will increase a bit on team A's side. If it gets above 3, then I believe it's a win-win hedge for you (if you doubt that team A will manage to score 2 and draw the game or score 3 goals and even win it). To those who asked how is a favorite decided in a game, I guess they take various factors into consideration like their total wins vs losses, their current position, their standing, their form as well as the total number of bets being made on them as well as the money that's put on them.

This is what new bettors do when they don't know how to analyze or don't have time like you to check each team. I myself admit that I bet on the better odds before without checking the teams who are playing, I did this kind of move when I was just a beginner but a little hungry trying out how betting works. I know it's not that advisable to bet that kind of way but I am satisfied with the results before (I'm just pretty lucky back then). The more the bettors who rely on better odds the more it will stack up and can result in a loss or the least amount of profit. We do have different ways of nailing the highest winning probability but I think as a newbie it is better to rely on the winning odds than to choose randomly.

I am using the cashout feature very well by going for a high odds team and then watching them winning some part of the game. I can also hold till they win the game but we can't be lucky always so I decided not to remain in the bet for long and gamble like a trader and use the advantage of the cashout perks.

In almost all betting odds do matter, but it will be better if we weigh and see whether those teams rally do have a good background of winnings. I usually also check how the team performs in their past games even in determining odss it was already there but it's better to see it for our selves, for us to decide easily.

You may come off as a very nervous person but at least you hsve a plan to alleviate the losses in case. And as per OP's question, yes. A lot of the times it is best to double check your odds and second guess things that are a bit skeptical. The gambling industry is already too rigged and unforgiving to its losers, so you have to do your best to make the most out of it. This is a great idea. Small wins is still a win anyway. Instead of letting the game transpire and risking yourself to even more losses, it's best to just quit while you are ahead.

it's a thing that we mostly consider, I often check it first before putting a bet. I know that this not give a huge assurance that we can win but that something it helps to increase our chances. And I have to continue doing this coz that it helping me anyway, and base on my betting experience, I find out that I won more times than losing, or maybe I was just lucky at that time. Well, I hope it works and I don't want to stop it until such time that it never gives me a favor. Anyway, losing is always be there, and have to expect that always as this is about luck.

It is better to small win than nothing. At least, we still make money from gambling, and maybe we can win more on the other days. We don't have to continue playing gambling if we think that our luck is gone because if we still insist on playing gambling for more, we will not get that winning, but we will lose the win money plus our money. It is not better to risk ourselves to get more losses because we don't know how long we can survive. If you win some money from those games, just remember that the next round will not always give you a chance to win more money.

But do really gamblers contented in small wins?though i believe that this is depend on what Gambling are we performing  but For a gambler that also fan of that game or team yeah small wins means a lot because aside from supporting his team he also gather some amount considering that the win itself is a good thing that happens that day.

odds do always show on top or at the beginning before we bet on sports so its impossible to ignore it or to say that you didnt saw it. congrats to you that you can win but are you betting on smaller odds ?

if your betting on higher odds most of the time , it cant be the odds that help you won but you won because you have knowledge on the teams that are competiting . you need to follow what works for you and theres no need to try other strategies because that can only ruin your winning streaks .

Or maybe betting sites don't just want/like the double betting feature? I thought it was too easy to win when I read about it in the past. I guess it's about double betting on two likely out outcomes... and Op post sound like what will need a double bet or something.

Even if it has a small profit, it has less risk compared to when betting on a team with higher odds. Team with higher odds are also decided by people that bet on them, if they have high odd then it means they have a small chance to win. Then if the opposite happens, your favorite team has higher odds which means they are likely to lose then it's up to you to decide if you trust them that they can beat their opponent in that game.

No doubts, winning with your own strategy will keep you on-track, following other strategy will just bother you with your knowledge upon the game that you are playing.You need to work more with in-depth knowledge to continue your winning streak or continue your good experienced having a higher chances of winning.

In regards to small or big odds, the chances of winning in a higher odds due to your knowledge
allows you to harvest bigger profits.

How did it turn to 68.49%, i'm really not familiar with how do they calculate the favourite teams in a gambling platform.
Which i really don't give importantance to, cause im only betting on teams who has more wins and great roster build. This probability could better way to analyze the results of the match.

Yeah, it definitely matters to me and if I want to bet on a game with the lowest odds I'd make sure other odds are high enough to give me enough assurance, for example I would never bet on a team being the winner if the odds for draw or the odds of other team wins the game are less than at least double the amount, it means if I placed a bet on a team that has the odds of 1.50, then the draw odds, and the other team being the winner odds should be at 3.00 or higher for me to be worth it to place any bet on it since I usually don't want to risk that much to bet on a game outcome.

Once I am 100% sure of my choice that I will make in a bet it really doesn’t matter to me the odd as I decide for which team to bet from many factors and odds is not one of them.I decide based on my feelings,team quality,team news and few other resources so the odds is just a number to me.

very good stand because before we decide about whom to choose we are making a deeper evaluation and assessment and also Looking closer to the advantage and the abilities of that one.

So Yes better to bet on your choice than relying about the odds that idea of the analyst when w e can analyze also on our own since it is our money to be risk.

Well said. Odds will always be there. Odds act somehow as guides but still, in deciding for the better option and seeking to place bet on a team that would most likely win, it will still depend on your knowledge and guts based on the information you have towards the team and the game.

I consider this as a gauge of what the outcome could be. If the favorite opponent has a large multiplier, it's most likely to lose in the game. It makes it quite a safe bet if you are gambling with a large amount of capital. If you are actually trying to bet to win big and could afford multiple losses, then betting on the underdog is the way.

What matters at the end of the day is what you are going to do with your capital and how you will risk managing it. It somewhat matters, not to the extent of choosing the decision but what could be the "ideal" way to bet.

All odds matter to me in the end. I do not care what the odds for one team is, without looking at the other team I will not decide, without looking at other outcomes I will not wager. I just want to see the money line for both teams, the scores, the half times and full times, the goals scored number, the cards, the offsides and corners basically I will look at every single outcome I possibly could before I make a decision.

However in the end most of the time I will wager on who will win and that's it, because that is the one thing I am almost always certain on what is going to happen over the other ones. I can know which team will win, I can't really know how many corners there will be, that is more like flipping a coin and seeing which one won, whereas end result is more decisive in the end.

The difference in odds is important because if there is no difference in odds then I'm sure the sports bookies will at least lose more. Imagine when there is a top team against a low-level team, how can the odds be equalized because obviously more often and most of the top teams will win. In addition, the difference in odds also makes sports gambling more attractive because it is not only 1x2, because anyone can bet by looking for low, medium and even high odds.

It is true what ever the odds are no matter what as long as it is your choice and you place your bet because you knew that team or player can win the game without doubt it is all about following your guts and supporting the team at the first place , like me i don't care about the odds are as long as it keep you entertain and sometimes i just analyzing not only in the odds because some other sports needs to. So you will not be surprize what will be the outcome of the game tho.

Even though how intelligent we are with gambling, that always a matter of luck while in the midst of pressures of the reality of the game. Betting strategy will surely put our chances nearly to winning progress, so always cherish every moment or opportunities that give you any potential profit. Odds will be our best opportunity, that's why we must embrace it.

Doesn’t matter that much for me tbh, as I’m only betting on the event I am interested in and made my research with it, so it’s highly probable that even if the other event’s odds are juicier and brings more value, I would still not do it. That’s responsible betting and not something that should be thought about too much IMO. Most bettors bet on different events they know nothing about just because the odds are too good to pass. More often than not, they get their red slips and losses which is easily preventable if they just stuck with the event they know well enough to bet some actual money on.

I don’t spend much time searching for the odds because it will take time and I usually bet on the winning team for me or anyone who has the advantage on the fight based on his history. Anyway, computing for the odds on the other outcome is fine just make sure you know exactly how to do it and make sure you don’t feel bad if you bet on the wrong side.

Of course not, but that will be better if they win small money rather than losing all money because of greed. No matter what gambling games we performed, we don't have many chances to win, so we should save win money, even if that is only a little money. If you don't satisfy with the small wins, you can still play gambling longer, but the consequences of losing your money will bigger. So before you have another loss, I think you might be considered to save those win money, and not think to play for other rounds. But when we can win any amount, our feeling to have another winning will become bigger, which can attract us to play more.

In our time now we have no need to Look for our self because Odds are given already from the gambling sites or someone Good on that game via internet so it is not a waste of time instead they are luring bettor in to whom is advantageous .

But also it is Much better if we will Look into their history and capacity  same as the opponent to evaluate their characteristics and who will be the higher odds and whos not,from this we can decide together with our instincts.

Knowing the odds of all options gives us a better view on what we should be picking and we can had a better chance on winning any bet. It is like an analytical way of determining the best possible outcome of the events. I strongly believe that it goes the same with other games with the same format.

I wouldn't too. I think I'd prefer to determine the  chances by myself than just relying on the odds used by betting sites. I believe the extra effort would give experienced bettors edge over those that rely only on the sites odds to win their bets

It's true that the odds signify who most think will win, I believe. However, it doesn't mean that the team with the lowest odds usually wins because in that case sports betting would be so simple: just always bet on the lowest odds and gather your profits. I tried basing my predictions about the winners on the lowest odds, but it will give a success rate of 45% in my experience, which means that you're losing overall. So it's important to take many things into considerations, and for those who are experts in the field they're betting on, it's probably better to rely on their knowledge more than on odds.


It was explained later in other posts. It's 100 divided by 1.46 (I mean 100/1.46=68.49).

Prefer to bet on the teams or players of whom I know and have done some research about their chances of winning as against their opponent and accordingly only do place the bets. For other events odds may be high but if without knowing anything just placing the bets on such things is like blindly guessing it without having any clue which I avoid it. Only if for other higher odds I am sure about the team winning chances and can place bet on just 1 of the games then I would choose with higher odds.

Research is a must. I like what you said, and I agree with you. Odds are helpful especially that in gambling we are also doing things with and out of luck but knowing things of course also helps a lot. And so, research should come first then consider and weigh in the odds in the match.

Games with more easy predictions normally have lower odds which gives lower rewards even if we win the bet that is why I said it is not worth to take surxh rewards for very small rewards. My strategy is to bet on games with higher odss and lower bets so even if you lose the amount you are going to lose is very small but if you win the game then awards will be higher still the strategies will keep changes with every individual

This is a factor that you also need to consider when you are making your bets, as a sports bettor if you have two very similar bets but in one of the bets the house edge of the casino is significantly lower then always go for the lower house edge, why? Because it is easier to beat as a sport bettor, most people never think about it but in many casino games there are some bets with awful odds while there are some with great odds, so try to take the best possible odds and lines whenever possible.

Same here. Though I am not a regular bettor in sports, I only select those matches that I am familiar with and the team involved with it. I will check the odds but in the end, I only care for the odds where I bet of. Because if I will spend time analyzing the other odds, I will get a headache thinking of these things. So I prefer to just take care of my own business and not think too much of others.

Right now I only bet on the favorite team, so I don't care about the odds of other outcomes. Because in sports betting there are
always surprises even though it has higher odds, the results are sometimes beyond expectations. Because in the end the final result
depends on everyone's luck. So, not always higher odds give a bigger chance to win. Sometimes a strong team can be defeated by
a weak team, that's what makes sports betting interesting.

Both of you are right. I agree with you. The first thing that we need to do before placing the bet is research. The research will help us determine which team or player has higher odds to win, so we can choose them to bet. But sometimes, even if that team has higher odds, it doesn't mean that the team will have a bigger chance to win as we know that everything can happen in gambling games. But if we really know which team has a chance to win and already research them, perhaps, we can choose them and place the bets.

Yes, it does a factor when you bet especially if the gap.of the odds is high and there will be an assurance to win in the match or game depending on how you bet and what type of bet you will going to do.

Anyway, the best thing to do when you bet is to make a good choice whether you are chosing the low or high odds if your instinct tells you what to bet and that you think it may happen and that you will going to win then go for it.

Sorry to break this mate but remember in gambling even in sports there is no such word as "Assurance" until the game ends,because no matter how Big are the Odds is the decision will be in the end game.
Though big factor odds is yet sometimes wins comes to the other side so never expect assurance in gambling.
Indeed Instinct really add chances, better to do our own home works,search for what is the advantage of both parties then analyze the opportunities.

The result is quite different in you are considering the ODDs. It is important to have some basis when you are betting, it is not really hard and time-consuming coz by simply looking into each team who are scheduled we already know who has a big chance to win, and mostly I found out is that higher odds have a lower chance to win. That I usually check on it and it was on the site you are betting. But of course, this will not give you an assurance for a 100% winning bet, sometimes it went wrong.

Some bettors only bet on one event, the game they love to watch and bet at the same time, so other odds doesn't really matter, unless it's the same game and offered by other websites, I'll definitely go with the site that offers the best odds.

I would do thesame thing (research the teams) if I consider that my method of determining the odds could be better than what others have determined for us. I guess that's part of the reason many don't bother doing the research themselves... they blindly guess.

if you engaged in gambling Small wins does not matter at all because they tend to search bigger and bigger wins to make themselves contented.

But those Occasional gamblers is happy enough when win small amount.
The totality of gambling in general will always take our money that is why if we have chances make the best of it.so in some point we felt like success.

It doesn't matter the odds since you're betting for a specific match.
but if you know very well teams and are you enough confident, it could be possible get an advantage of the odds.
since an odds is a "probability", if you see an even that has an HIGHER odds respect what you can expect in that time, you have gained an advantage vd the bookie. if you're lucky enough = win the odds. in some cases it could be possible put a lay bet on exchange and get a quick/small profit.   

I don't think that is it.

There are a lot of people that are betting their money in these games not just because they wanted to but because they know a team is in favor(higher odds) which also means that they have certain knowledge about the game and the teams. I think they don't just blindly guess but they predict based on what they know.

Yeah, most of those who bet on that kind of team know what they're doing and have their own research before the matches begin. Just like in our local NBA prediction in our local board the other guys who bet on the team they've chosen know what happened to the players on that team and any other updates they know that too. To assure a higher percentage of winning on their bets. 

But seeing the odds of other outcomes can be situational in some aspects. For example, in basketball I fully support Spurs, and many people know that I am a big fan of this team. Whenever this team is in a game, I will full bet on them even though they match against lakers, bucks, or even mavericks.

The statements ^^ are most likely in a bet where you are not in favor for both teams, and just being a gambler.

Excuse me sir, I don't understand how you calculate that? just got a little bit confused how you compute it.
Although, in some other ways I know what you are saying except really only for computation, sorry for being noobs
about it, thank you.

That's a separate, but also quite important question about relying on odds vs personal knowledge and gut, and everything associated with it (like betting on unfamiliar vs familiar matches). I think I'll try to make a different discussion about this more general question.

I've answered this question in the thread before, and so did others. It's actually a very simple calculation of dividing 100 by the odds, and that's how you get the win chance in percentage (plus the casino's margin since the sum of chances alone would equal 100%).

My friends here watched the finals of PBA and they bet without any research, they support their own team and they bet on which they think is the right one. They don't base it on the odds since they never know the odds, all they know is that the team they are supporting has a great run and all they needed to know is how they play and that would just be it.

Maybe your friends are betting for fun, and just want to show their support to their favorite team by betting on them. Of course, the intentions of gamblers like your friends are different from gamblers who are chasing profit, because for gamblers with profit priority it is likely that they will not bet with heart and will always pay attention to the odds and do some research first.

It's just if their favorite team won the game, then your friends would've taken immeasurable satisfaction because at the same time they also won the bet.

In all the time I've watched football and hockey matches, I've sometimes seen matches where a weak team won against a favorite or played a draw with it. No one wants to risk large amounts of money because of an extremely small odds. Therefore, the size of the odds matters.

That is right. They are those kinds of bettors that drink with each other while the game is on and still bet with each other but someone needs to bet against them since they are betting for the same team. If I didn't suggest them to bet on other people they would've been betting on each other for their team to win. Congratulations Barangay Ginebra, its been so long!