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321  Economy / Gambling discussion / Re: Is it profitable to hedge/cashout bets before end of sport event? on: August 28, 2022, 07:55:04 PM
I know that many bettors, if a sporting event develops in favor of their bet, make a counter bet - for example, they bet on odds of 1.3 and on the opposite event, the odds were 3.3. Then the odds changed 1.3 -> 1.1 and 3.3 -> 5.7. At this moment, they "fix" their winnings by betting on the opposite outcome with odds of 5.7. Or they use the option of selling their bet (cashout - some bookmakers have such an option), that is, they receive their winnings immediately, but less than if they wait until the end of the sporting event.
In my opinion, this is not a profitable strategy, since in this way you minimize your profit, but potentially maximize your losses - if a sporting event develops against your bet, then you lose it entirely without any compensation.

Let's do it with math.

We have two opposite events, with 1.3 and 5.7 probabilities of success.

We will bet 100 dollars on each. What will we get?

If the frist one outcome with 1, the second one is 0. So we ll get 130 dollars but will lose 100 from second bet. - 70 dollars result

If we would bet 100 on 1.3 and 50 dollars on 5.7 this would end up in -20 if 1.3 is succesfull and +87 if the 5.7 would occur. This is not mathematical right behaviour. This will led you to loses only

If the second one is successfull, we will obtain 570 dollars and lost 100 dollars. But the problem that even with 5.7 coef is nearly impossible to happen!

Your math is wrong. You seem to be unfamiliar with betting because you don't understand how hedging works.
Let's look at the correct math: if we have two opposite events with odds of 1.3 and 5.7 then we can bet $100 on the first event and $25 bet on the second event. Thus, if event number one wins, then we will get 100 * 1.3 - 100 - 25 = 5 dollars of profit. If event number two wins, then we will get 25 * 5.7 - 25 - 100 = 17.5 dollars of profit. Whatever event happens, we are guaranteed to make a profit.
There are formulas that allow you to balance the gain of both events, but for this example they are not important.
322  Economy / Gambling discussion / Re: ⚽ English Premier League Season: 2022/2023 on: August 27, 2022, 05:19:03 PM
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Manchester City - Crystal Palace can be the weirdest match so far. Crystal Palace had 2 goal attempts in the first half and both of them ended by goals. But Manchester City got rid of this shock in the second half professionally. They gave zero chance to their opponent and crushed them by 4 goals. Haaland is the top scorer by 6 goals in the league after making a delightful hat-trick in this one.

This result upset me - taking into account the parallel game where Liverpool confidently won, it seemed that the intrigue was returning and even becoming extremely interesting (Arsenal got a chance to break away far), but in the end Manchester City made a comeback and won. I wonder what were the odds of City winning when score was 0-2?
Liverpool impressed with performance. Many expected a big score in this game, but not that much. It's funny that Salah didn't score a single goal even though he had a few 100% chances.
323  Economy / Gambling discussion / Re: Who Would You Likely Sign Up Under In Casinos on: August 27, 2022, 05:08:15 PM
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If you are a new player and you would like to sign up to casinos which of the following affiliates you would likely sign up for, vote, and give us your reasons why will you sign up under this kind of affiliates.


* Casino review sites like this one

* Rake Back sites like this one

* Targeted categories in this case provably fair

* Vouch sites like this one

* Signature campaign of course we all know what type are these.

I'm not interested in review sites, as I get the necessary information on this forum, plus I'm used to the experience of sites in my country that most of the reviews are fake and you can't rely on them. Therefore, I will join the casino through a referral link if I receive rakeback from this, although it should be sensitive rakeback and not 0.001% of the funds played. If the rakeback does not interest me with its size, then I would rather join via a direct link.
324  Economy / Gambling discussion / Re: F1 Formula Sports Racing - Sportsbet.io promotions & discussion thread on: August 27, 2022, 04:38:30 PM
Due to penalties, the starting grid will not match the qualifying results:

Verstappen, Max 2.80

Sainz Jr., Carlos 3.05

Perez, Sergio 3.95

Leclerc, Charles 12.00

Hamilton, Lewis 12.20

Russell, George 17.90

Therefore, we have quotes that are very different from quotes in previous races, but at the same time, Verstappen, starting from 14th place, is still a favorite even in relation to Sainz, who will start first. It seems absurd to me, despite the fact that Verstappen won the qualification by a wide margin from everyone else.
325  Economy / Gambling discussion / Re: Who are your favorite dealers ? on: August 27, 2022, 04:15:32 PM
Sometimes online live casino games are boring even when you win because the dealer is not good at all while other times you spend a real good time despite losing because the dealer is very entertaining and funny.
So do you have one (or more) favorite dealer at an online casino? What's his/her name? Which casino provider does he work for? What games does he manage? Why do you like him?

Live dealer games online seem boring no matter what the dealer is (although of course it's nice to look at a pretty girl). If I want to gamble, then I don't want to wait long for the result - in the case of a live dealer, this is not possible. And in my opinion, they all behave in approximately the same way as robots, in roulette, for example, they do not throw the ball by hand, but launch it into the game with the help of a spring (I understood this when looking at their actions). All their work seems routine and does not cause any emotions.
326  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: August 26, 2022, 02:17:58 PM
Manchester United reported interested to bought Real Madrid player Marco Asensio and Madrid manager Carlo Ancelotti has confirmed this rumour that Asensio apparently will looking for new clubs because he lost his place on starting line up and only being an the substitution for Rodrygo Goes so Asensio targeted this summer he will have new club and if Manchester United serious want him the price tag already published that they have to spend 35 millions Euro to get this player

Manchester United is gradually turning into a club into which players leaves who are not really needed in Real Madrid (although this does not apply to Casemiro and probably Varane). I don't know how much this transfer will strengthen Manchester United, but for Real Madrid it will be another good sale, as despite the large acquisitions (which are very rare), Real Madrid maintains an excellent balance between spending on players and the money received from their sale.
327  Economy / Gambling discussion / Re: [ BOXING POLL ADDED ] The Unification Fight: FURY vs USYK on: August 26, 2022, 01:41:41 PM
I don't think that Fury often changes his mind - all these words and loud statements are a reminder of himself and marketing. As far as the fight fee he wants, it's obvious that no one is going to pay that amount. Therefore, this is either another "scandalous" statement to attract attention, or an attempt to get more money out of the organizers, or an attempt to leave without accusations of cowardice (maybe he is really afraid of Usyk and is ready to fight him only for very big money).

Fury had fought lots of tough opponents and some of them, I think are better than Usyk so I never think that Fury is afraid of Usyk,  But yeah, that loud statement might be a marketing approach to make himself worth more and get the attention of more people.

The question is not whether he is afraid of him or not, but in the ratio of what is at stake in the battle. Let's say Fury beats Usyk - what difference does that make for Fury who wants to go undefeated as a grand champion? Nothing since everyone will say that he won due to more weight. What happens if Usyk wins? It will be a complete disaster for Fury and the destruction of his entire legacy. Therefore, he is ready to take such a risk (even if it is small) only for very big money. In my opinion, from the point of view of game theory and the risk/profit ratio, this is the right decision.
328  Economy / Gambling discussion / Re: Sportsbet.io Betting discussion thread rev on: August 26, 2022, 01:05:10 PM
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Anyway: nice promo posted by rdbase. It almost feels like a Utd promo but I actually believe Saints will win AND not give away too many corners heh. Betbuilder on Saints + Saints more corners and United under 5 might be a great 10/1, hedged by all these free bets no?

This promo looks like free money/money for watching the game. I wonder if it will be realistic to use these promotional codes or will there be too many applicants to be among the lucky ones?
In any case, I agree that after the victory of United over Liverpool (which itself is in crisis), United began to be valued very highly for no reason. A bet to win Southampton at 4.2 looks like a previous round bet on United - the odds are very generous compared to the risk.
329  Economy / Gambling discussion / Re: ⚽UEFA Europa League Discussion Thread -- 2022/23 | Qualifying 4/08/22 on: August 26, 2022, 12:11:13 PM


Very diverse group composition. Some look like Champions League groups (judging by the first two teams as group A), and some (like group D) look like the Conference League. Assuming that everyone will play with the same motivation, the outcomes of many groups are quite easy to predict, but as we saw last season, the teams play randomly, so I would rather bet on the underdogs than on the favorites in the group stage. I mean not the result of the group but individual games.
330  Economy / Gambling discussion / Re: [ BOXING POLL ADDED ] The Unification Fight: FURY vs USYK on: August 25, 2022, 06:21:56 PM
Fury changes his mind several times a day, so I wouldn't be surprised if tomorrow he agrees to fight for at least $1 billion, and a day later he says that he will fight for free and will send the entire fee to help Ukraine, although it would be a great humanitarian act on his part.

I don't think that Fury often changes his mind - all these words and loud statements are a reminder of himself and marketing. As far as the fight fee he wants, it's obvious that no one is going to pay that amount. Therefore, this is either another "scandalous" statement to attract attention, or an attempt to get more money out of the organizers, or an attempt to leave without accusations of cowardice (maybe he is really afraid of Usyk and is ready to fight him only for very big money).
331  Economy / Gambling discussion / Re: ⚽UEFA Champions League Discussion Thread -- 2022/23 | Qualifying on: August 25, 2022, 06:15:27 PM
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My favourite teams to advance to next round group by group are like this:

Group A => Ajax, Liverpool
Group B => Atletico Madrid, Porto
Group C => Bayern Munich, Barcelona
Group D => Tottenham, Marseille
Group E => Chelsea, Milan
Group F => Real Madrid, Leipzig
Group G => Manchester City, Dortmund
Group H => PSG, Juventus

I would say that Napoli is not weaker than Ajax in group A, the outcome of this confrontation is not clear. Anything can happen in Group C, but most likely Bayern will beat Barcelona again with a big score. And I doubt that Marseille is stronger than Sporting, I think the opposite. The result of group G is also unclear, since Borussia is very weak and even the crisis Sevilla can beat them.
332  Economy / Gambling discussion / Re: Is it profitable to hedge/cashout bets before end of sport event? on: August 25, 2022, 05:12:30 PM
So far when gambling using cryptocurrency money and already getting a lot of profit or at least a return on investment then I will make a withdrawal to secure the capital used to gamble first then I do gambling with the winnings that I have previously got because if I don't make a withdrawal immediately then the account you use may become unlucky again.

Are you sure you understand what the question of this topic is? This is not about withdrawing the money that you won, but about early closing of the bet (during betting) in order to receive the winnings before the end of the event. This is not a question about the strategy of gambling and money management, but the question of the value of action in specific conditions.

Recently, I have been watching what kind of cashout bookmakers offer in disputable situations and in situations when everything has already been decided and in my opinion these are very bad offers - it is most profitable to wait until the end and get all the winnings (or put up with losing the bet).
333  Economy / Gambling discussion / Re: [ BOXING POLL ADDED ] The Rematch - JOSHUA vs USYK II (updated thread) on: August 25, 2022, 04:35:33 PM
I'd like to see it but I think Wilder wins it fairly easy. He hits too hard. If he can knock down Fury 3-4 times or however many it was I think he can do the same to AJ. AJ probably won't fight Wilder anytime soon and will fight some easier opponents just to try get his mojo back.

I also share this opinion, Wilder is too strong a puncher, and AJ will most likely lose to him by knockout in the first 6-7 rounds. And I do not think that now they should "restore their mental strength" by fighting with no-names. Now they are both "downed pilots" - to get back into business they need a normal fight and a fight between them would be the most logical solution.
334  Economy / Gambling discussion / Re: POSSIBLE THINGS TO HELP US TO WIN AT CRYPTO CASINOS on: August 24, 2022, 08:44:58 PM
~
1. Be sure to check out which games they offer and compare each game's house edge.
~

I agree , more or less, with every tip of yours, I just want to say that according to my observations the significance of the quoted line above is highly overestimated by some gamblers. Take, for example, a game that has just 1% house edge. Should we play only such games instead of those with 2% house edge and higher? I don't think so. It's only if you had an army of gamblers, a million of them, under your direction, and your collective task was to win as much as possible(or, rather, to lose as less as possible), then looking for games with the lowest house edge would be a great idea. For a single player, it doesn't affect his performance that much.

In general, at a distance, the difference in the house edge is of great importance, but if we are talking about an individual gambler who plays from time to time, then in fact he will not feel it. In addition, if, say, a player likes sports betting or slots, then it makes no sense for him to play dice (although the house edge is 3-4 times lower there), since he simply does not like dice, but loves other gambling games. And by the way, if you focus on this rule, then no one should play lotteries (although many people love them) since the house edge there is more than 50%.
335  Economy / Gambling discussion / Re: Gambling on Psychology & Sociology Perspectives. on: August 24, 2022, 08:34:43 PM
In gambling, you can have the skills but it also requires luck, if it doesn't favour you that day, you may go home empty handed and may still look as entertainment to those who only do it for fun and not as a means to make money.
If gambling is a tradition, I believe that cultural perspective must have taken it to be entertainment and not necessary must win, even from what Op says, you are required to test it to get rid of bad luck and if the outcome doesn't favour you, that doesn't mean you will fail in life. Sometimes, only what you believe can affect you, these may just be superstitious to some people.

I think if gambling is treated as a tradition of testing luck, then it should not have any negative impact on anyone. I know that there are other traditions (although they are not common in my country) - fortune cookies. I doubt that anyone seriously believes in such predictions and gets upset if they did not receive a cookie with the "right" prediction. This is nothing more than entertainment. Or, for example, there are other traditions (which are somehow common in my country) - these are Christmas fortune-telling. A lot of people do this but I haven't heard anyone take it seriously. It's just a holiday ritual.
336  Economy / Gambling discussion / Re: Should Employers Screen Applicants for Problem Gambling Before Employment? on: August 24, 2022, 08:19:21 PM

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I'd like to know your thoughts -  Do you think that employers should screen potential employees for problem gambling before employment?

What percentage of problems is associated with an employee's gambling addiction? I don't think it's so common that a separate screening for this parameter is required. In addition, in various jurisdictions, this can have negative consequences for the employer, since such an interest in the employee's private life may be perceived as illegal. And in jurisdictions where gambling addiction is considered a disease, it will also be an attempt to violate medical confidentiality, right? After all, if an employee has passed a medical examination and has all the necessary permits (including from a psychiatrist), then the employer should not independently dig into these cases for the details of interest to him.
337  Economy / Gambling discussion / Re: How would you prefer your casino reward? on: August 24, 2022, 07:51:31 PM
Quick question, on your first visit to a casino to play slots, you were offered a bonus reward as incentive for visiting, if you are given the option to either receive your rewards in form of free spins for you to try out your luck and maybe win more, or direct cash reward, which will you choose?


Usually I play with the money that I plan to lose (especially in the case of slots) or increase it very much. Therefore, it is obvious that I will choose free spins, since free spins are just as much a win in the game as a cash win. So if I don't win a lot, I keep playing. I hope someday I will win and think about withdrawing funds, but this has not happened to me with slots.
338  Other / Archival / Re: [BTC] Лотереи, Конкурсы, Раздачи... on: August 23, 2022, 07:08:17 PM
Новый конкурс от sportsbet.io:

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339  Economy / Games and rounds / Re: Bitcasino.io 💜 — Bitcoin Predictor August 🚀 Take a guess & WIN 🎯 on: August 23, 2022, 07:06:29 PM
Second entry:

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340  Economy / Gambling discussion / Re: UEFA Champions League 2022/23 Season on: August 23, 2022, 02:08:36 PM
@bering I totally agree with your assessment and definitely Benfica should progress ahead, but I feel that they’ll sit back more rather than try for a third goal. Lastly it’s champions league so Dynamo will know that upsets can happen, hence I’m sure that they’ll push for a result therefore my prediction for this fixture is 1 - 1 or 2 (Dynamo) - 1 (Benfica).

So you think Draw or FC Dynamo Kiev bet with 3.40 odds is good? In my opinion this is too good to be true. Benfica do not win games in the Champions League as often as they would like, so in the home game, driven by the fans, they will play to win. Therefore, a bet on Benfica to win with odds of 1.30 looks more reliable to me. Dynamo showed a too weak game in the first match, it is not clear how they can improve.
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