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Let us assume that high odds start from 1.5 and above while low odds starts from 1.2 and below.

I specifically like football gambling. When I started to gamble, I go for high odds, but I was not that experienced and I lost a lot. I gained experience but I preferred to gamble on low odds. Only what this led me to is to play more and I noticed losses too. This is just a means someone can also become addicted because low odds will only want you to accumulate and bet more. If you bet more frequently than usual, regardless of the odd, be it high or low, loss is inevitable, it is guaranteed.

I play less often unlike before, I reduced the money I am using to bet, emotions gone and I win than before. How about you people, are you high odd punter or low odd. Can you also tell us your experience? At you losing or you make profit from the odds you are taking?

I have lost several times in a row betting on high odds and after the experience I try to minimize my risks, so I prefer low odds as low odds are placed on the favorites of the match. Of course even in this case no one guarantees a hundred percent victory, but the probability of it is higher than betting on the outsider with higher odds.

When I bet, I do that with soccer and I eye high odds.
Betting on high odds is profitable if you follow the rules of not being greedy. The simple rule is to bet fewer games or possibly just one game. This gives a higher chance of winning after all is just that one game you are looking out for. I shared an example of a single game someone bet with large amount on Real Madrid against Liverpool Here (https://bitcointalk.org/index.php?topic=5402333.msg60347697#msg60347697)


This is shows low odds are not guarantee, yes it is not. Like you said it will get you playing often times and replying same slip after you lost some games. This is worst when you are doing your booking on line from your phone  ;D The hopes will be high that you will get it right but no you won't because a lot of games in one slip limit the winning chances.


Playing lesser times can make you think better with good research. It puts the emotion in order


Yes years back I have taken high odds and won. One time I remember I took off as high as 38 odds and amidst fear, I was lucky to win but I bet with small amount, about $.06 in naira (yes amidst fear   >:()


There is no guarantee whatever the odd. Gambling is luck base but high odds are preferable.

My bosom friend @Oshosondy, if you follow the odds then the tendency for you to lose become high but some gamblers don't care about this since their are well aware of the fact that football is an unpredictable game anything and can happen within seconds that will change the outcome of the game. If you select low odds you have to accumulate more games so that your winning can be ok and this also increases the chances of losing the bet because the possibility of a team losing is there since you play multiple games to accumulate more odds. So in essence just take the risk whichever the luck works for you but avoid getting addicted.

I love to gamble on a couple of games like one,two or three games with high odds, I aim to make profit regardless of the amount, so i choose to predict a few games with high odds. In my head, this strategy ensures that the probability of winning are higher than accumulating multiple bets with small odds. The fewer games i bet on with high odds, the bigger the amount i stake because just one high odd entering for you is enough to add some more figures to your account balance.

I've won once on just one game predicted with high odds, i was lucky to have won, but since then... coupled with the fact that i do not gamble always, i haven't won again.

I only look at the odds once I've made my analysis on who's more likely to win and how much risky the pick is. If I'm getting good value out of my pick(high odds), I go for it. I do that for low odds as well but if the odds are very low, I tend to avoid the bet.

One of my mistakes was that I chose low odds, could you believe I have lost a bet of 1.05 odds before and many times? I remember one to be in 2016 or so, it was in Brazilian top league, Série A between one coin and Sao Paulo over 0.5 goals, I accumulated 11 matches totalling over 10 odds with 1.3 and above odds, but only two among was lower than 1.1 and one of it made me lost the bet. Another one was 1.06 odds when Spain under 21 played with a small country in UEFA that won (or maybe draw, I have forgotten) Spain. I do care now about odds, I do not often accumulate and choosing only one match is better for. I use what I can afford to lose, this gives me the courage. Example is when a club is playing another club and have like 1.2 odds, if I think the club can win, I sometimes just go for first half win which makes the odd to increase, it has helped me and also failed me and I prefer going for over 1.5 odds matches. I make my analysis before placing bet as well, but I do not bet often.

I agree with you on this, high odds are more risky in betting because the possibility of the teams with the odds are always slim in terms of winning games, but betting on teams with low odds you have more chances of winning your bet because low odds are given to teams with higher possibility of winning and most times those teams are in good forms, have better winning tactics and have good quality players too.
But in betting, odds don't almost win the game but good performance and utilization of opportunities does.

As what is says, high odds, high risk, high rewards. So it's really up to the individual, his/her preference. If he can tolerate the high risk with betting high odds then good. As far as my experience though, if I'm going for a high odds, I just put small to medium bet. But let's say the odds are very low, I might put a good money on it to enjoy the returns, specially a team that I'm familiar with, I might go all-in.

In sports betting, especially soccer betting, in general, gambling sites place the lowest odds, for the club with the highest chance of winning, for example 70% and the club with a 30% chance of losing, for example.
but the name of the game on the field will prove or vice versa high odds can win or can draw and vice versa.

But if you want to bet looking from the side of the highest odds without looking at the team, field conditions and players in the club, most likely you will lose repeatedly in your bets, the point is: don't be tempted by the highest odds, team analysis, highly recommended.

Example:
Germany vs. England on June 7th, the odds and chances of winning are greater for Germany, in fact on their field (draw) 1-1, for that some analysis of the team is needed, in order to create a chance to win bigger bets.

Honestly, if I place sports bets regardless of the odds, I'm more focused on players and clubs.

I consider 1.8 odds still low, based on my experience even at 1.8 odds I still have a lot of losses even in football but in Esports betting especially CS:GO I prefer the higher odds usually some underdog players win against known teams and I've win more than 3x on that high odds before but that was risky I would still rather choose multiple lower odds match (1.20-1.50) parlay than placing 1 bet with higher odds.

I prefer odds where I am confident or at least I think these are undervalued.
I try each time to not get influenced by that number but just to understand WHY there is a certain odd.

What is the mathematical formula for determining the value of a bet / odds? (https://bitcointalk.org/index.php?topic=5385997.msg59272311#msg59272311) I have also tried to understand how it works in detail....because I think there is a strong psychological component to a given odds for the gambler.
The higher the value, the more we are led to think that it is an unlikely event and, on the contrary, the lower ---> the more we think it is a plausible event.

I like high odds games that can win. Those exists, and are of high value to those experienced in the sport that they're betting on. It's better to play those in singles than to waste your time on low odds events and parlay them. There are times that low odds games are not even sure win, and I've been screwed by those events many times that I no longer believe that they are worth something, or are valuable to be even played at all.

I prefer the odds in the 1.5-3 range for single events and up to 15-20 for multibets. Betting with odds less than 1.2 makes no sense - even if you win 20% of the profit, given that you risked 100%, there is no feeling of victory or satisfaction. As for addiction, this danger lies in wait better at any odds. If I feel like I'm thinking too much about betting or getting too involved in it, I pause.

Higher odds are usually not advisable when it comes to football gambling because the betting site (gambling site) normally get their decision of increasing and decreasing of odds from past information and results of both teams, so they just observe how both teams are playing and give high odds to the losing team and low odds to the wining team.

For me I don't go for high odds I go for the team I feel would win.
Losing a game you staked because of the high odd is usually very annoying.

The fluctuation in the odds of soccer is normal and it is more obvious few minutes before the game starts and stable days before the game. Odds fluctuating doesn't really determine the team that is going to win if the both teams are equals. Like you said it doesn't mean we have to look at odds while betting but to do our research but we know that in soccer, teams that are on relegation line are standing smaller chances of winning the bigger teams although this also depends on the players lined up for the match and the preceding match follow up if the big players are reserved.

This is absolutely an important point! Always play SINGLES Odds and don't bet on parlay (moreover if these are high odds!)
Most of newbie in this field are trying to "hit the jackpot" playing a long list of events. But this is tremendously wrong because they have low odds to win and in some cases these events are "undervalued" because other games (likes aggregator, in Italy there is Totocalcio https://en.wikipedia.org/wiki/Football_pools) will pay much much more ;)

That is definitely an interesting question, having high odds does seem a bit dangerous at times and there are people who would specifically want to play for low odds overtime so they are able to get the full advantage of a certain situation without risking it all, but having high odds might be advantageous in situations where you are 100% sure that it's going to happen so some players might close their eyes and think of it as a safe bet as well. I do think that many points made here about the parlay is not even relevant because only some sports book offers it and you won't be finding it in your normal sites that often.

On average I take the lowest odds of 1.5 even though some are below that, but with quite a bit of risk compared to high odds but the win ratio is below 50% it's actually scary for me, but of course I saw a match so I will define the odds and I prefer 1.5 as a fairly balanced odds.

Even though some say that taking low odds is not worth the risk, but for me it is good enough to win. I bet on football compared to high. I always miss, in essence I analyze before the match, especially in the football line up that is displayed.

I also like to bet on football games, together with esports it's my most favourite sport. Back in 2016/2017 I bet heavily on CSGO and Dota games, but after a 2 year break I came back to bet much less now. My most bets now are on big tournaments in football, like champions league or the upcoming world championship. In general I prefer bets with high chances of winning, the only problem is they are not profitable. Betting on games with 1.1 or 1.2 only gives a small return and we still have the risk that we lose all our money. To build up a bankroll slowly with very save bets is a good idea if we have the time to do the research for every match. When my favourite team plays and I feel good about them winning then I go for lower odd bets, here the chances of winning are not so high but atleast the payout is good.

Exactly low odds does not guarantee to win most gamblers make the mistake of taking low odds and sportsbooks know this so they intentionally lower the odds of the perceived strong club so that they can attract gamblers. Football betting is not as easy to predict as most people perceived it to be but the fact is if luck is on your side even with high odds the bet will win is all about the risk. I developed a new betting habits recently that have lowered my chances of losing, i just pick one sure club even if the odds is low i put the high amount in the bet many times it works but on a few occasions I lose too.

In sports, choosing low or high odds is hard choice, but we can't just follow the name of the team. The truth is, we need to see the team performance, players and others. As mentioned by @YOSHIE, the team's analysis can determine the possibility of winning or not. Low odds will generally be chosen by most people, because they see the big name of the club itself, and fill it with confidence if this team will be the winner, but cos bad performance, they lose. For example between MU vs Everton, surely the odds for MU will be lower, because the probability of winning is high, so people will agree that MU will win. In fact, MU's condition is inconsistent, so, the results of the match they actually lose or draw. So, makes an analisys before put your bet, to makes your betting get better chance too.

In order to have a chance to make a profit in a game with a bookmaker, it is better to try to play odds of 2.0 and higher, otherwise it will be extremely difficult to achieve success.

In some sports like boxing, you can really find higher odds especially for the underdog boxer. And some of them can really pull off an upset. So if you have the feeling that an upset will happen, you can very well place a bet for the underdog. This is the sports where I usually bet on higher odds. But when it comes to basketball, I prefer to bet on low odds as I know, the chance of winning of that team is high. So it is better for me to win small rather than totally lose my bet. Which means, that this decision sometimes depends on the sports you are betting on, your confidence about the outcome and how far you want to take the risk.

You are like the opposite of me because when I first start to gamble I start with low odds, 2x to be specific but I noticed later on that it is riskier since I lose a lot but now that I learn I just play with higher odds because I just feel that they are less riskier on me. I can win big by risking only smaller amounts of money.

If you bet small amounts on low odds then it might be true that you won't stop early but you can go for more in order to increase your winnings but once your play with a high odd and you hit your target already, you will feel contented because you already won a decent sum of money. I only switch to low odds once I am the mood to wager, to level up my account.

Low odds have many other disadvantages, people that go for low odds having lesser amount of money to win, this will create a sense of using more money to bet, a gambler can because of low odds add more money to bet which may be more than the person betting budget,  the low odd will give him a sense of having more chance to win, but in the end, the match may end as loss.

Usually, i'd take the high odds whenever I see a team consistent enough to handle weaker teams. Sometimes if there's a favored team that has odds lower than what i've expected, i'd plan to place a bet on them mid-way through the match hoping to get higher odds as their opposition tries to make the match close as possible. Low odds are the ones that I tend to avoid, even though it's tempting at times to scrape those small profits through live betting or pre-live I still can't forget the tough losses that i've had from taking these low odds.

Imo it depends on the bankroll and the value of my bet when choosing odds. I choose low odds if I'm betting huge amount while high odds when betting low value or what I can afford to lose only. I knew that low odds doesn't guarantee but most of the time I win when choosing that using high amount of bet. I'm just a balance gambler so I usually manage my risk base on my bank roll.

I don't know if there's a person that using same odds without considering value because that's what this topic is asking.

Well that you lose a lot of times when you are going for high odds is just the nature of the game because in the end a high odd means that the outcome that you picked is pretty unlikely to become reality, at least for the bookies. I also are not betting that regularly anymore but when i do then i am going for very basic bets for football matches, like winner, draw, loser and i also go for pretty safe bets which have low odds then obviously. When i have a few games where i am pretty sure that my predictions come true then i also combine 2 or 3 single bet to one bigger combo bet which obviously has a pretty good odds then.

It turns out that because of people who prefer to bet on favorites, the odds are always distorted in their favor and it makes sense to bet only on underdogs. But I remember that someone did a study that if we bet only on the favorites or only on the underdogs, then we lose the same percentage on average. Does this really mean that bookmakers have learned how to accurately determine the probability of outcomes in games?

I would choose the higher odds which is 1.50, but in real life, I don't usually bet on odds lower than 1.80 because I feel like I'm not getting the value of my winning. Just imagine, if I would always get the odds of like 1.80, that means I will give 20% of my winning to the bookies which I would never benefit in the long run. Also, bear in mind that 1.80 odds does not give you more than 50% chance of winning.

I choose neither of them as it is because of them that I have migrated from sport betting gambler to slot machine player.The fact is simple one time or better several times I have lost 1.15 odd bets the same as I have lost odds of over 1.5 and over 2 not seeing any difference.Since it should have a difference as most of the times the 1.15 odds should be winners I decided to quit from now almost 2 years or more and only play the money allocated for sport betting in different slot machines.I feel great now that I only play rarely sport betting because I used to become furious anytime I would lose a 1.15 odd bet.

When I was still new in sports betting, I always think that low odds would make me profitable in the long run, but after weeks of the experiment, I come up to the conclusion that betting based on odds alone does not make you a smart bettor. The thing is, if you keep betting on low odds, that will make you stupid because you will not analyze anymore, you don't consider the stats and hence you will not be able to apply if you see some value on the odds available.

Depends on the team and the sports I guess, some higher odds betting can be more profitable same thing with the lower odds.
I personally prefer the lower odds sometimes since It doesn't require much of analysis though of course you should be more aware about the possible profit you can get on lower odds, better not to expect that much since there's still no guarantee of winning here. Lower odds might be a waste of time and money to some, but we all have different approach in betting here, it's good to have your own stable strategy at least to maximize the odds.

I prefer to play more rounds with lower risk just for fun. I know the wins are not that high but if you like to play to waste some time it's a better option. I know people who do the opposite and usually put everything in a single bet and if they win they're happy for the rest of the day and if they lose they come back another day. I'm too nervous for that LOL and I'd probably spend the rest of the day drinking tea to calm myself down LOL

Before the pandemic I used to just bet on both high and low odds depending on my mood and confidence. But this time, I am betting in a more mature and responsible approach. I am lowering my bets and I can sleep without a single bet. Now it really depends on the sport I am betting although most of my bets are around 2.0.

My favorite betting sport is basketball and I always prefer my odds to be around 2.0 so I usually use spreads.

In boxing, UFC, DOTA 2 and soccer I just mostly use the money lines although I prefer not to bet on very low odds like 1.30 and below.

    

I have not really put too much attention to whether or not I prefer low odds or high odds but taking into account I am kind of conservative with my bets I suppose I am conservative as well when picking the one I think will win at a sport match, however I also try to look for value, I look at the odds and if I think the odds have been distorted by the public support to one side then I will take the risk and bet on the other team or player as the odds are simply too good to pass up.

When there is a change that occurs in the odds that we usually use to make easy profits to get a win then you can try playing at other gambling places and only people who have a very large amount of money dare to take risks, maybe that should be done for the first time trying various positions and after getting a good position, you can immediately use a larger amount of capital than before.

With this sports gambling we there are some people make a strategy with this which is the changing before the game really starts some which is making some sort of manipulation with the number of betters but again it is sports bet anything can happen while in the game so it is all about the players/teams thing if they will win the game but most people make a sure profit with the low odds because of course tons of people will make a safe bet of it but in the world of sports again anything can happen that's why some of the players make a YOLO bet means they make a huge risk with the higher odds this always happen into the underdog games.

Unless you play something of impossible, it isn't correct to follow odds; follow your instinct, read stats and be informed about the match that you're going to bet about, if you do this, maybe your success will be better than

look only at the stats. I usually anyway play at the odds between 1.5 and 2.5.

Multiple odds accumulation with low odds such as 1.5 games and this is bad because you are being forced to carry multiple games in a roll just so that your total odds will be significant enough to give you a big amount on winning, let say you want to place the total bet amount to $3 and accumulating multiple odds will limit your chances of losing.

So it's better to pick a few sure games that have an 89% tendency of winning but you must be well aware that football is highly unpredictable but you can easily analyze the games through clubs' previous performance.

89% can easily be spotted from the odds alone. There is always a favorite team and most of the time it starts with plus sign (+) like +120 for team that has high chance of winning.

When you have no idea who to bet on because its not your sports for instance, picking the favorite team is the smartest but wins not as much money.

In my own little experience in football betting, the odds are a pointer to the strength of the team and the weaker clubs are always given the highest odds so in most cases choosing a high odds to .bet is purely based on luck.

I can't answer your question about which odds do I prefer because in sportsbook gambling I can't bet by just looking at odds, indeed sometimes if I'm not in the mood to gamble I choose lowest odds and hope be sure win, but lose. I often follow people's bets on an some site, they often choose low odds and I tried it. Without analysis and without personal thought, as a result they lost and I lost too, point I can take in my case it is that sportsbook gambling is not just about favorite odds.  

Bookmakers are doing business and its just normal that they would really be able to  differentiate which one is the favorites and which one is the underdog on where betting odds would
neither be low or high depending on certain team interest and preference on the community.Most of the time people do really stick on the money line even though its obviously those
odds arent really that great plus having those chances or odds of upsets which make things even more harder to go all in.There are some instances on which you could
consider on betting underdogs and this is where self analysis would vary into each bettor.

I don't understand how bookies do it. but surely they have done research to determine this. After all, gambling is a business for all bookmakers. So, there must be an analysis that has been done so that they do not lose. Sorry I can't speculate on this, because it's beyond my knowledge. Maybe, if the reference is still there, you can share it here, so members can also read how these odds can give the same average.

Honestly, i prefer low odd, like you, ive experienced a lot of losses playing high odd before because in lacked the knowledge of how odds can determine my chances of winning, but when i got to know that high odds reduces my chances of winning but increases the amount that can be won at a single bet while low odd increases my chances of winning but lowers the amount i can win on a single bet at a time, Not being a too greedy person(cus we all sometimes get greedy in some way or the other ;D), i decided to start playing with low odds though this makes me want to play more and more in other to accumulate enough money that i can withdraw which sometimes i still end up loosing a lion share of it, its still better than loosing a huge sum of money in just a single bet.

I'm one of the people who got puzzled how does the bookies come up with those odds when there are like tons of sports they have on their website.
So, my assumption to this is that in every sport they have this specific person who's job is to study analyze and get news around that specific sport to get an accurate odds.

Anyways, I always prefer to put a bet on the favourite, but sometimes you'll get  attracted by the odds the bookies offers to the underdogs.

@1.5 odds for me is not worth the risks in most cases. I considered it as low odds and there are only a few times I'm risking money for @1.5 if I see a match that really looked high chance for me to win. I've shared a bet slip before or I think screenshot, risking decent capital for a @1.5 odds because I'm really sure that I will hit it. I will just repeat it again based on what I think about the match.

For @1.2 below, even if the winning percentage is high here, I will not consider placing a bet for this as honestly, it's more painful to lose on that odds compare to risking at an actual high odds. When picking high odds, I literally go with a high odds like a minimum over @3 or @4. I already risking my money here so why should I still be in a safe bet. :)

I've always been a low-staker, from the time I played martingale with 10 satoshis to today when I bet no more than $10 on a sports game.
I've always liked having more chances to play without risking all the value I have in a few bets, adrenaline is not something I enjoy in games of chance.
I prefer to be in control of my bets and be able to stop when I realize I'm having a bad day without clearing my balance in a few moves

Well from their names alone, high odds have higher chances of yielding a loss; while low odds may be relatively high when it comes to realizing profits but this depends purely on the gambler.

Personally, I prefer low odds since this gives me more leverage and room for error. Though the profit margin in winning with such odds are lower compared to high odds, it is much safer and it still gives me the same adrenaline from winning. But again, this really depends on the preference of the gambler on which to choose as we all have our respective preferences.

^ For the safe gambling low odds taker is the safest way in gambling.
Low odds for me seem low risk, it also means low odds you can make more bets on it and enjoy the moment while you gamble.
But I have a friend who prefers to gamble with high odds because he said, it is good if you will place a bet a high odds because it is possible that has a high return no matter if it is a high risk, but I cannot take that high risk in my own opinion.

It depends on the situation and my mood during that game. I can go low odds or high odds depending on what I looked at the situation. But one thing is for sure, I never take low odds mostly below 1.4 odds. That was too small for risking my money and not worth it based on my own experience.

I usually go between 1.8 to 2.3 odds. That was a fair odds to me between high and low. I can only go higher odds if I think that was worth the risk to do. I better risk my money for high odds compared to choosing a 1.2 odds.

There are no specific odds that I want to test on always but that's my preferred odds, 1.8 to 2.3.

While odds matter, I don't think it is the most important thing to consider. I don't bet on sports by just looking at the odds. I look at how a certain team or player could perform and probably defeat the opponent. That's regardless of the odds. Although the moment I place the bet, I'd also be affected if my choice is a huge underdog. I might reconsider my bet at times. That also happens when my choice is a big favorite. I might not go for ML. I'd rather look for attractive handicap bets. But I don't really make odds the primary consideration.

In sports higher odds are more interesting if you are able to pick an underdog you know is in winning conditions. As an example we could observe the national teams which are the favorite ones, but aren't performing well recently, like England and France. Those who bet on Hungary and Croatia against each of them, respectively, made a decent profit. That was somehow predictable taking in consideration the weak gameplay of both soccer titans on their last games.

But at casino games, I think there isn't a general rule for what kind of odds are the best ones. In fact, it doesn't matter at all, since you are going to lose on long run by picking high or low odds anyway. You have to create your own strategies to apply to your gameplay to conclude which of them fits your game style.

Which one I prefer depends on my current mood. I prefer low odds when I want to win. When I want excitement, high odds are nice. Years ago, when I first started gambling, I always preferred low odds. Usually I was winning and I was used to gambling that way. Thus, over time, my money increased and I started to prefer high odds.

But have you bet on low odds before, a kind of match people will think it is 100% that a certain team would win, but no match has 100% probability that the strong or the better team would win, it can be drawn or it might be lost, but the probability the match will not favour is very low but can be the what would happen. I too do consider low odds before, I have even gone for 1.02 odds several times before in the past on in-play matches and 1.05 on some prematch staking, but with the look of things and the experience I have, I have changed my mind to only consider high odds, a bet having at least, 1.5 odds.

I think you have not finished this, you were using low odds, you were winning, but when you are using high odds, what then happened? Still wining or now losing?

If you are betting and the first thing you will consider before booking a bet is the odd. The higher the odd for a recognize club the chances of the lower odd to defeat the higher odds.

Theirs a way i make my game or predict my match by myself, it goes this way, if clubs i know very well and watch their match consistently is playing and the odd given to them is highe, and a lower odd is given to their counterpart, and i have watched and studies both clubs method of games, if the one of higher odd play more better because of their new players and their previous performance, i will choose the higher odd knowing they will win.

Since i just partake in gambling just for fun,i usually bet on high odds.It's always fun betting for the underdog,when they win,it bring much more joy than betting for the usual winning team.I'm not interested in low odds because it's just the usual predictable outcome,no fun in that and boring.

Low odds seems safer for me especially when big teams play although surprises are part of the game but most of the times low odds tends to favor more. High odds seldomly guarantee wins. I increase my stakes on low odds and keep my greed appetite in check. This low odds isn't loss free but it is more safer than high odds with tempting ROI

That means our choices can change as times change.
Maybe we choose low odds today, but tomorrow we can choose high odds.
There are also types of people who will choose low odds for a few days or weeks or even a month and in the following month, they choose high odds.
But that will not change their winning percentage because their luck level will again determine it.
In my opinion, high or low odds will be the same because the difference is the level of our luck every day.

I didn't bet based on which is the favorite (low odds) or which is the underdog (high odds), but I bet based on my analysis and how's their performance in the past. There's a chance the underdog will win, I've seen so many sports have an upset. So, if you bet on low odds, you will not always win.

I'd choose HIGH odds, simply because I'm small gambler so the only way for me to make nice profit with small bet is to bet on high odds. No matter what games I am going to play, I'll choose high odds including in sports betting. Mostly I'll prefer to play multibet/parlay where I can create high odds by selecting some games at the same time. It is high risk ofc, but high return as well when I'm lucky enough to win. In simple words, I'd prefer to bet $1-$2 to win $10 than bet more than $20 to win the same $10.

Would be good to see the study, but favorites and underdogs can be determined by 1.8 and 2.2 odds, as well as 1.1 and 12.0 odds.

I think a lot of times you see for example let us say tennis or football the favorites is always caused by people betting on their country or favorite sports person. England for example. So the lesser team/player who may have 2.0 odds actually goes down to 1.8 or 1.7 or even 1.5 just because bookmakers have to adjust risk on the bets.

Don't forget bookies actually don't profit from successfully picking the losing/winning sides but on adjusting the odds down from what the actual one is. So for sure they win over the long run no matter how people bet. Theoretically anyway :)

I've experienced the same thing as you when I was still not much experience and knowledge about soccer betting.  some time after experiencing a lot of defeat then I thought, that this is bad.  addiction is based on a sense of desire to win and win until the balance gets bigger.  The experience made me learn from time to time so I don't bet too actively when I don't have a strong prediction to choose.  by preventing and controlling myself I believe it avoids the loss of recklessness, desire and thirst for victory.  The point is from the many experiences that I have gained, I have learned to overcome myself and if you want to bet, you always have to be based on analysis because it is an important part to reduce the chance of losing even though it is not a surefire guarantee to win.

I can say it is based on you predictions, whenever you able to predicts the right scores then you are sure to win, most at time odds does not really matters as it will land you having much games packed to together at such point a game might be out of predicted but having only a game or two games predicted with less odd will get you played.
Alternatively what i does is that having the games played twice with less stakes so if the first prediction doesn't hits the second predictions will surely hit up.

It would be interesting to know your stats if you keep them. How often do you bet and how many of your outsider bets are successful? In all my practice I have only been able to win a few times by betting on an underdog. That's why I don't see the point in betting on high odds. I'd rather earn less, but the probability that I won't lose my money is higher.

Football betting is all about luck and risk so u will rather go for high odds, as that will increase your winning amount, accumulating low odds will only increase your chances of losing the bet so if are taking the risk it has to be worth it a while.

Well,we are the same,just win a few times by betting on an underdog and more loses.But like i said earlier,it's just for fun and i don't mind that kind of loss.What i seek is the euphoria when the underdog is winning and you can't find that kind of joy often.

I can still remember what I'm doing when I'm still gambling.
When I'm gambling, I'm always going YOLO and always betting on the higher odds :D.

Well, there are some factors that I'm using before betting to a higher odd team (I'm betting on basketball). If I know that the opposing team doesn't have any chance of winning then I will not bet on them but on the other hand, if I see that there is a chance for them to win then I will try to risk and bet with them. My mindset whenever I'm gambling is that "The money that I used in gambling will not come back to me anymore, and I consider it lost money already" and because of that, I'm always emotionless whenever I'm gambling.

I have placed many bets with low odds before, although that's not really my thing. I normally consider placing ML bets on very low odds not worth it. It isn't worth the risk; those odds as low as 1.10 and below. Not to mention that you need to place a bigger bet in order to make a small gain. That's why I was attracted to make multi-bets before to make sense on very low odds. But I remember that many of my parlay bets with very low odds lost. And the funny thing is that in a number of them, only one lost and that's the bet with the lowest odds, the one which could be considered as sure win.

I agree with your new strategy. If we do away with analysis and just place bets blindly, I think you'd make more gain placing bets on huge underdogs than on those big favorites.

We have the same mindset. I have just bet on the underdog a few times but ended up losing. I realized that it's better to gain less that to risk with only a little assurance. Those who bet on high odds usually look for entertainment and satisfaction. They want thrill and excitement and we can't question them for that.

As I mentioned, I don't really understand this, my assumption (not a real study), there must be an analysis, so sorry if maybe my assumption is wrong. In the previous response, it was said that there is an equal average between losing and winning both when betting on the favorite team and the underdog. I'm also curious about that. Of course, I want to read about that study as mentioned by @Boristhecat.

Thank you for the information about the bookies, although I have known gambling for a long time, but not interested about them.

When I play dice I prefer odds above 100.00, and I prefer high volatility slots where your wins are rare but with higher multipliers. But sports betting is a different thing entirely: bet with higher than 15.00 odds, and you are losing your bet almost surely. But with your definition of low and high odds, I still prefer betting high odds even in sports betting. Most often I win with the odds between 2.00 and 3.00. I tried betting with odds below 1.2 because it's tempting, right? Usually you get such odds for a team you "know" should win. But when it loses, or, which happens more often, it's a draw, and you are still losing your bet, it's so hurtful. It's a pain I don't want to feel anymore. :) So, no more bets of 1.2 and below for me.

Betting with high odds us like using high trading leverage their increase your chances of losing, i know low odds is not a 100% guarantee to winning but at list it is more likely to win than high odds.

I think you're very correct, but I tend to Fvck with both odds according to my mood, the matches, game's and options available.
You should know what's best and what work's for you in betting and take a good shot and utilize them.
I placed a game on cards at the last days of the Netherland division, some five game's ( lost 1 ). The strategy used was taking a good look at the options first, take take a dig at the both club's playing and finally the referee officiating the game. How man cards he gives in a single game? How many he also has given in the last two games prior to that game. It work for me but was unlucky as one of the games got lost. I'll greatly invest in that market next Campaign, I'll share a picture soon ( My eyes are heavy, and don't think I can help but obey my eyes ). Prolly tomorrow.

So I'm conclusion, don't be scared to invest in higher odds, they also do work if your know what you're doing.

Just going with the low odds but if the high odds to bet for is a match that I know that it's something worth it to take a try, I'll do it.
But most of the time, it's better to just go with a higher chance with the lower odds. If not playing for yolo then it's much better to bet safely and you don't have any contest to make just for you to take higher risk and if you know that it's not worth betting for.
Although I'm not scared to go for higher odds, I just want to make sure that I know the match is and it's likely that there's a likely that the one I'll bet for that high odd is likely to win.

betting in high or low odds indeed depend on a particular sports. if your guts is saying this team has very high chance of winning despite being underdog, you can go for it. because the truth is, bookies are not right all the time. there were so many underdogs that came as winners. it means, bookies sometimes don't get the whole picture as well. because we won't know the true caliber of the team or athlete up until when they are inside the ring or arena or field.

High odds on matches in which both the teams are equally strong. Most of the time I prefer to go on live Betting, because it gives access to place bets over 2. If the match doesn't go as planned, it'll help me lower the loss. So, always used to wait for an opportunity to bet above 2. This mostly happens with tennis matches easily compared to other games.

Today I had a plan to follow this during the match between Sri Lanka and Australia. If I've used this method, I could've won good money. Fortunately I went on the odds on Australia.

I would always prefer long odds.  Anything can happen, so you can lose with good odds just like you can lose with bad odds.  At least one of them makes the payoff worth it though.  One should always consider the payout and weigh the risk/reward of any gamble.  Personally, if it's about the money I'd rather have a low chance of winning a big stack, rather than a good chance of winning slightly more than my money back.  Otherwise I'd go invest it (not now obviously as we head into a global recession) in the stock market and enjoy the long term gains.

Really depends on the situation. I'm really an enthusiast of putting a bet on high odds but if I see a certain match that I think I'm 100% sure that it will win, I'm putting a decent amount at stake for at least @1.6 as the low odds I can take. I did before a BTC0.05 on the Dallas Mavericks for @1.6 odds to feel the profits as I'm sure on that bet. It was a winning bet.

There are also other games that I put up some decent amount just to feel the profits at @1.6 odds. Well then, as long as we are good at our strategy and analysis, and that makes our winning percentage better, we just have to stick to our own preferences.

After all, our money, our rules.

No problem, yeah I was also curious about the study. The numbers always make sense for fixed house edge games like at casinos (although every now and then someone tries to argue that a certain dice or blackjack game or roulette gives worse results at high payouts etc) after you stretch out gambling sample to smooth out variance.

Sports is a different matter, much harder to look at gambler wagering samples, in a lifetime a sports betting for me maybe hits thousands of bets, while dice I probably played half a billion bets lol.

So variance is more apparent in sports I would think.

Although many people think that dice is a game that doesn't make sense because it only relies on luck, I think many people also like it. Another game that may be the same is slots, so dice and slots are two popular games that are most liked by gamblers in general.

It's true that sports betting is a different matter, but it seems like it would be more realistic and fun to have a good experience in this game. The probability level in sports betting is much better in my opinion compared to slots and dice but these are my assumptions which may differ from yours.

Lower odds mostly are the safe bet in a match because the number of wage to their team in the gambling platform also if the match is good between the both professional competitors it is ideal to take a risk too because they are both good and hard to make a decision but also the gamblers can skip this too because again it is more riskier to choose between those teams.

Lower odds give a lot more safety and thats why you can win much easier on them. Higher odds give big payout and can be a really nice jackpot for someone if they win it. This depends on what the player likes and how to bet . If he wants to risk it he will go for higher odd

Lower odds and safety in betting have nothing in common. Compliance with risk management can extend the life of your deposit, but a low rate will not do this. You can bet your entire deposit at a odds 1.05 and lost, or you can split it and bet no more than 1-3% of the deposit, and thereby get the opportunity to make many bets with a more favorable odd, say about 2. And look at the distance, can you can make money on bets, or not.

Regardless of the odds, I don't have any specific odds to choose but rather I'm seeing how match will goes. Since the goal is to win, it should be based on how we look at the match no matter what the odds for this. Of course, different story if we are talking about 1.2 or 1.3 as that's really low to me even the goal is to win.

I also like to consider betting on high odds if I really see the match will be favored my analysis, predictions and speculations or sometimes I just like to bet on it and challenge my luck. High odds are really tempting especially if we have a knowledge on that match.

I am a firm believer that gambling is addictive. That's why I avoid high rates that involve risks. Thus i take care to protect my brain and mental health. Because the higher the risk, the higher the return. If you win money on a risky bet, you are more likely to go bankrupt on your next bet. Betting step by step and with small odds is better for my mental health.

Regardless if it’s high odds or low odds, it does not change the fact that we are still gambling and that losses will always be inevitable. However, the odds will depend also on what game I gamble. I mostly bet on high odds in sports betting game like basketball since I know it quite well so the chance to win is quite high. But in some games like slots or dice, I only bet for low odds since I have less control on them.

I will rather try as much as possible not to get addicted even if the odds are so tempting, I have been a fan of low odds but in most cases, the outcome of the game doesn't seem entirely accurate and you might end up pilling up several games with low odds. But with high odds your chances of losing may be wide but your winning may be huge if the game come through.

If you can afford to lose from betting high odds, i guess that's what is more important. But for me, i mostly go for low odds when i think the game is something i'm not really an expert and that anytime i know i will lose. But for some games that i think i have an edge like bastketball, betting in high odds is what i'm always fond of. Although i'm not excuse from losses but i see myself winning more than losing my funds every time i gamble.

Well, if he focused more on dice over sports betting, his number of bets will be much higher than the other one but if he focused on sports betting then, it's the one that can get a higher number of bets.

Those that think that dice game is only a game of luck are maybe not a true player of this game but avid fans knows that it can be both (a game of luck and at the same time a game of skill). In fact starts like martingale did originated on this game and there's also dice bots which you can use to create different strategies but for a slot game, I don't know but I think this is the real one that is only based on luck and this is a great source of pure entertainment.

True, losses will always be inevitable but the good thing is your losses are not that totally huge unlike if you decide to continue betting for high odds. However, for me my betting usually differs when it comes to the kind of game. I end up betting for high odds if i think the game will favor for me since i am more knowledgeable about it. But for matches that i am not sure of, not that fanatic, i just try betting on low odds since i won't be hurt anyway if i lose the bet.

In principle, you can gamble well with both strategies. It just depends on what you want to achieve with gambling. There are players who want to take little risk with their bets, and then they bet low on higher odds. There are also players who want to take little risk in the odds and who then bet higher amounts at odds of 1.05, for example. You can have a lot of fun with that, but if things go wrong you will also lose your entire stake.

This happens sometimes and you can't really ignore them. Ask yourself if the money you'll bet on that high is the best decision, just take it as something that will never come back.
The bookies are just placing based on what they see and if you see an advantage and you've gathered data and info on which is likely going to be the winner of that match with good odds then bet for it.

While I am not a fan of dice or slots that does not mean that I cannot see their appeal, casino games like sport bets can be very intimidating for the average gambler as the number of bets that you can make on each match is different and the odds are different as well, this means that unless you have a decent understanding of the odds most likely you will not know what you are doing, however slots and dice are two games which are very simple and which are more friendly towards the newbies so it is understandable they like them.

I'm not a gambler, I can play poker sometimes, but I have a few friends who are into football betting. And I think they all end up losing more than they bet. That is, their mathematical expectation has been wrong more often than not. So I realized that it doesn't matter if the odds are high or low. I guess you have to be a great professional to be able to beat the casino.

You shouldn't be looking at the odds period. High odds or low odds, a win is not guaranteed. Do your research on the game you plan on betting. Have the opponents ever faced each other? What were the previous outcomes? What were the most recent results? What is the weather gonna be that day? How does a specific team play in weather if its gonna be bad? Is the game indoors? ETC.

There are all kinds of things to consider when gambling. It's best to make an educated wager vs just looking at the odds.

It's more worth considering if you do mind off these factors to be mind of rather than making yourself mindful about the odds because there are really some factors which could really affect the outcome on least expected and it's true that even if it's high odds or low odds type of game won't really be assuring about outcome precision.Dont stress yourself on how much you would gonna win by just staring on those numbers but rather stick into those considerations before making step further.

If we can play both as variation in our gambling session, why need to choose one of them.
As my experience, there is a time when I play with low odds and there is also a time when I play with high odds.
It depends on my mood on which odds to play and depends on my purpose.
The most important thing for me is that as long as I know what I'm  going to play and the risk.

I prefer teams with high odds in football bets.

I bet for fun, not money.
That's why I always prefer surprise suits.

5 years ago, official local betting offices in Turkey were giving about 55 odds for a 4-2 score. (These rates are no longer valid, they reduced it to around 20-30.)

I regularly played 4-2 scores every week in the matches where I predicted that there would be a lot of goals. (Martingale)
And at the end of 2 years, I gained 3x.

Same as this I used to play high odds on tennis. This was years back when the price is ethereum was $200. I don't remember the players into the match, but it was a match that delayed between two player and the ranks differ alot. Due to some technical reasons the match got postponed after completion of one set. This increased the odds and I placed @10.1, and left it. I didn't remember that I've placed a bet. To my surprise the match got won. From there I used to place bet on high odds.

For me, the rule is very simple and I follow it almost every time I bet on sports events.
If I bet on one match then I often choose high odds. However, if I make a composition of many sports events, then most often I choose low odds and hope that there will be more wins and they will accumulate into a larger win.

in my opinion low odds are not profitable in the long run, that's because even when the person wins many games, it is enough to lose a few games to be in loss, the ideal is to bet on odds above @1.60 because at least it is profitable in the long term. of course there are people who like to bet more on mult bets and with odds of @2.00 and for these people they can make profits quickly, in my case I prefer moderate odds but above @1.60 and also as I am not an expert so I don't win much

With that little difference, I don't weigh much choosing the higher odds as the favorite of many but I'd rather choose the team which I feel it will win. In many cases that lower odds wins and it was not called an accidental win, it is just how the balls roll, and sometimes luck.
It is somehow, higher odds gains more confidence from the crowd and most of the time I'd choose it but just to happen that they will lose. This means that it guarantees nothing in gambling.

Yeah it's often the low odds win you something and the high odds burst you out.

But whenever you put the money on high odds and win it , the feels much more great than when you win on a low odds ... that what makes me prefer to choose on a high odds bet over the low odds.
Despite yeah nothing guarantee in gambling , i am now chasing for the thrill not only for the outcome , that's why the high odds fits me more.

Of course it is, the higher odds have higher risk too, so if you win on an underdog team, you're somewhat beating the house/operators. But difference sports will have difference chance to make an upset, in football honestly either favorite and underdog team have same chance to win, because there's nothing new if underdog win the match. Also in football the chance of the match ended as draw is higher to compared to other sports.

One way of thinking would be that something that pays too little, but has way more chances of happening, is probably not as appealing to a gambler because the win wouldn't make too much a difference.

On the other hand, if the chances of happening are very low, and therefore the payout very high, a gambler might assume it's lost money, but in the event he actually wins, it might potentially be life changing.

The second scenario seems to me to be more attractive.

As for betting on matches, I don't do it very often. Usually these are matches of the national team. Since my team's odds depend on the discipline and the quality of opponents, I don't have a favorite odds level. But the emotions are always greater when odd are higher, so I guess that's what I prefer.