Ice Hockey odds mean nothing

[swogerino]

I want to share my personal experience with other gamblers, I have been betting on ice hockey low odds, only in two way bets including overtime and I have lost a lot of money with 1.16-1.3 odds especially in Russia Khl. I am a casual gambler and I base my bets based on standings and odds but how come teams with 1.16 do not win including overtime and lose to low ranked teams.

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[hahay]

In my experience, such events do not happen only in Ice Hockey games. When I am frustrated because of the lost streak on the parlay, I usually only look for matches that only have 1.1x odds to make it easier to win in betting and will make a little more happy, XD! but in reality we can still lose in the low odds like that. In my experience there are several factors that we can still lose with the low odds, one of which is:
Luck factor - therefore gambling is pure luck because not all small odds can help you from losing. So still to make a good strategy by relying on the experience you have.
There is a mafia - I don't know for sure the indication the mafia is working, so strict are the rules made by every management agency in a sports field, but I'm sure there will still be matches that are manipulated by the mafia.
These two indications are the strong factors that I anticipate, apart from that are from the conditions of the players, the strategies applied, the tight schedule of the matches etc. I'm sure there are still many factors that make you lose with low odds on sportsbook gambling.

[goaldigger]

I dont see any problem with those low ranking teams winning because it always happen on any games. They also deserves to win even their performance is not that good. There are always comes a time that those unexpected teams win thats why they call it gambling. No hard feelings. Give chance to others they said.

[TimtheYoutuber]

Your problem is likely due to implied odds. Once you come up with  % of that team winning, you have to have a good line in order to make a profitable bet. This also allows you to bet better on underdogs and make good bets.


Example: If you think a team has a 60% chance of winning, and the line is 1.5. Then you know this is not a good bet to place. Even if this team wins, it is not a good bet because it is not profitable in the long term. If you are just looking to straight gamble, then it is a fine bet.

Lets say we bet $10 on the game.
If that exact situation happened 10 times we would have bet $100 total. ($10 X 10 )

The team would win 6X (60%) giving us a PROFIT of $30. (6X$10 = $60 in total bets, $30 in profit with the 1.5 odds.)
The team would lose 4X(40%) giving us a LOSS of $40.

-$40+$30 = -$10.

This means if you are betting this game in the long run, you will lose $10 for every 100 placed. (10%)

Obviously sports betting still has luck in it, but if the implied odds are accurate then you will make money over the long term.

[swogerino]

Finally I won yesterday a triple games bet with Metallurg odd 1.25 , Lokomotiv Yaroslav odd 1.16 and Ska with odd 1.28 , around 1.8 odd as both teams won and one won in extra time. The league was Russia Khl and now I am starting to feel good again about gambling, that is how should it be I think. A lot more wins with low odds and few lost bets from these odds.

[Lucius]

I think it's very risky to play on such low odds because you need to add more matches to get some decent odd, and there is always risk in such play. Once upon a time I play also on hockey, but not who will win/loose - it is much more profitable to play on total number of goals in game or number of team goals.

Information is always most important for eventual gain, so try to analyze each game in a way to see what is the current form of the teams, is there any missing of important players or any other information which can tell you that some 1.15 odd is wrong. By doing that you can bet on opposite team and even bet on double chance (x2) or play handicap.

[SyGambler]

I want to share my personal experience with other gamblers, I have been betting on ice hockey low odds, only in two way bets including overtime and I have lost a lot of money with 1.16-1.3 odds especially in Russia Khl. I am a casual gambler and I base my bets based on standings and odds but how come teams with 1.16 do not win including overtime and lose to low ranked teams.

you do realize that if 1.16-1.30 odds can't lose then we all would be millionaires and bookies will go broke right ?
such low odds mean that the team is most likely to win , but there is no 100% sure bet in gambling

the best thing to do is to determine the chance of a bet happening by yourself and then comparing it with the odds , for example if you believe a certain event have 50% chance of happening then you need X2.01 or better to make money in gambling

[TimtheYoutuber]

I want to share my personal experience with other gamblers, I have been betting on ice hockey low odds, only in two way bets including overtime and I have lost a lot of money with 1.16-1.3 odds especially in Russia Khl. I am a casual gambler and I base my bets based on standings and odds but how come teams with 1.16 do not win including overtime and lose to low ranked teams.

you do realize that if 1.16-1.30 odds can't lose then we all would be millionaires and bookies will go broke right ?
such low odds mean that the team is most likely to win , but there is no 100% sure bet in gambling

the best thing to do is to determine the chance of a bet happening by yourself and then comparing it with the odds , for example if you believe a certain event have 50% chance of happening then you need X2.01 or better to make money in gambling

This is known as implied odds, I wrote about it in this thread.

So if anyone is still confused check out my post which talks about it. Surprised no one has quoted it considering it explains this exact problem.

[Harkorede]

I want to share my personal experience with other gamblers, I have been betting on ice hockey low odds, only in two way bets including overtime and I have lost a lot of money with 1.16-1.3 odds especially in Russia Khl. I am a casual gambler and I base my bets based on standings and odds but how come teams with 1.16 do not win including overtime and lose to low ranked teams.

That's literally the truth from my experience on Ice Hockey betting too, I've placed bets on clear favorites with low odds and lost numerous times, most especially in the Russia's KHL and USA's NHL.. I've lost a lot on those league matches to an extent that I had to stop placing bets on them because I thought I have a bad luck, but after proper analysis I discovered there's more those fixtures than just the odds.

[ralle14]

This is not only on Ice hockey it applies to all sports i've seen so many gamblers get their parlays crushed because of low odd favorites. Last year you posted something about betting on a soccer team that was heavily favored and they lost.

Always avoid low odds and parlays simply because they're not a profitable way to profit (from my experience). Occasionally I make parlays with low odds because of promotions but for the sake of making profits I rarely do it.

[Harkorede]

This is not only on Ice hockey it applies to all sports i've seen so many gamblers get their parlays crushed because of low odd favorites. Last year you posted something about betting on a soccer team that was heavily favored and they lost.

Always avoid low odds and parlays simply because they're not a profitable way to profit (from my experience). Occasionally I make parlays with low odds because of promotions but for the sake of making profits I rarely do it.

Of course, Yes it does apply to all sports but, from my own personal experience based on the amount of bet I've placed on other sports, I've witnessed it happen more often than not in Ice Hockey matches.

[LTU_btc]

I don't think that ice hockey is much different than other sports. I bet on football, basketball, ice hockey and things that you described in OP happens in all sports. This is why I avoid such low odds and parlays on these games. Profit that you can get is not that big, while risk when you make a bet on multiple events remains big. It's sports where we often see unexpected results and even league leaders can lose to bottom table team.

[romero121]

I want to share my personal experience with other gamblers, I have been betting on ice hockey low odds, only in two way bets including overtime and I have lost a lot of money with 1.16-1.3 odds especially in Russia Khl. I am a casual gambler and I base my bets based on standings and odds but how come teams with 1.16 do not win including overtime and lose to low ranked teams.

There is nothing surprising with your experience. This is quite a common thing that happens with each and every sports betting games. I've encountered similar loses several time with tennis and cricket matches. Game change with time, so these are the matches on which we require luck to win. It's good to analyze and pick the odds than going on low odds between the two.

[Pmalek]

Adding 3,4,5 or more matches on your betting slip is more dangerous than the small odds you play! Any additional match you add to you slip lowers your chances to win and the odds are not important at all. When I play a usually bet on a single match or 2 max. 

[FIFA worldcup]

I want to share my personal experience with other gamblers, I have been betting on ice hockey low odds, only in two way bets including overtime and I have lost a lot of money with 1.16-1.3 odds especially in Russia Khl. I am a casual gambler and I base my bets based on standings and odds but how come teams with 1.16 do not win including overtime and lose to low ranked teams.

There is nothing surprising with your experience. This is quite a common thing that happens with each and every sports betting games. I've encountered similar loses several time with tennis and cricket matches. Game change with time, so these are the matches on which we require luck to win. It's good to analyze and pick the odds than going on low odds between the two.

The more you place the bets on single game, the complicated in becomes.  This is not only true for ice hockey but for all the sports games which are being played. Also no matter how strong a team is, anything could happen and as far as ice hockey is concerned, one can expect any result from it.

[zhekinsp]

Adding 3,4,5 or more matches on your betting slip is more dangerous than the small odds you play! Any additional match you add to you slip lowers your chances to win and the odds are not important at all. When I play a usually bet on a single match or 2 max. 

Right,increasing the matches won't increase the chances of winning but again it makes the probability of winning moe diversified so having maximum bet at one match is having 50/50 to win the match but if that is 5 match it can literally goes to zero as well.

[FIFA worldcup]

I dont see any problem with those low ranking teams winning because it always happen on any games. They also deserves to win even their performance is not that good. There are always comes a time that those unexpected teams win thats why they call it gambling. No hard feelings. Give chance to others they said.

Yes, every now and then we see the low rank team won the match and it just give reward to those who took risk and bet on the lower rank team. Although mostly the high rank team win but mostly nothing is 100% sure in sports betting.

[swogerino]

This is not only on Ice hockey it applies to all sports i've seen so many gamblers get their parlays crushed because of low odd favorites. Last year you posted something about betting on a soccer team that was heavily favored and they lost.

Always avoid low odds and parlays simply because they're not a profitable way to profit (from my experience). Occasionally I make parlays with low odds because of promotions but for the sake of making profits I rarely do it.

Yes I did for Roma vs Chievo and Roma was fighting for the title where Chievo was in last place , Chievo had like 6 consecutive lost games and the odd for Roma was 1.16 and it ended in a draw 2-2. Today I placed a bet a double Manchester United and Arsenal.