Sports betting: how much knowledge is too much

[Ucy]

yeah I know, picking a bet with a small amount of money is just like trading with a demo account right?
but as I state before (for me) it just like there's no difference between betting blindly or doing a well analyzed bet.
simply, I am not a good bettor lol.

It is not the same because when you bet with a small amount of money if you lose, you still lose that money.
But if you use a demo account in trading, even if you lose bigger money, the money does not belong to you because the exchange gives it to you by free. There is a difference between both.
It is better to use a small amount of money to place the bets, even if you do not yet understand how to play with them.
Well, I am not a good bettor too because I am not too often to watch the sports match before and now.

And the alternative to the Crypto Demo Trading in "Games and Sports Prediction Market" would probably be playing games/sports without betting...or playing without real coins, or playing for non-financial rewards/incentives(I wonder if this even exists).  I guess new bettors who want to learn how to bet could use such alternatives before graduating to betting with real money.

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[leea-1334]

Unfortunately, not all people know much about mathematics, which makes them use the chance by using the sense of feeling. They don't have much time to calculate using mathematics, so they use the feeling to place the bets. Sometimes, they analyze the results and place their calculation of what they can, and then, they use it to bet. In sports betting, they analyze the team from what they got from many websites to know which team has a big chance to win. But for experienced gamblers in sports betting, they will use other sources or maybe they will calculate how big their odds to win if they bet on that team.

I think at some level, everybody understands the maths behind it and they know in the end, they have to fight a losing battle mathematically,,, but we have luck at the back of our minds that becomes the irrational force behind why we do things in gambling. I know it affects me a lot. Having 0.1 btc bankroll I think, if I martingale 1 satoshi, surely I can last 1 million bets? And I have busted from there because I think the mathematics sides me.

[michellee]

Unfortunately, not all people know much about mathematics, which makes them use the chance by using the sense of feeling. They don't have much time to calculate using mathematics, so they use the feeling to place the bets. Sometimes, they analyze the results and place their calculation of what they can, and then, they use it to bet. In sports betting, they analyze the team from what they got from many websites to know which team has a big chance to win. But for experienced gamblers in sports betting, they will use other sources or maybe they will calculate how big their odds to win if they bet on that team.

I think at some level, everybody understands the maths behind it and they know in the end, they have to fight a losing battle mathematically,,, but we have luck at the back of our minds that becomes the irrational force behind why we do things in gambling. I know it affects me a lot. Having 0.1 btc bankroll I think, if I martingale 1 satoshi, surely I can last 1 million bets? And I have busted from there because I think the mathematics sides me.

Yes, what you say is right. You can surely stay for a long time with that, but what will happens if suddenly, you win in some rounds and makes you get a nice amount of winning. You can become greedy, and you will change your bets to bigger bets because you will feel that luck is beside you. That is happening in many gambling games which people can win, including in the sports betting. So people will use that chance to play more than before because they expect to make bigger winning.

Having knowledge in gambling games, specifically in sports betting, will be important, as that can help us to analyze to choose the right teams or players. So with mathematic and knowledge, we can increase the odds of winning.

[South Park]

All gambling is mathematics, even games of chance. If you understand the math behind the game, you understand the game and can give yourself an advantage. For many games, like penny slots or poorly placed roulette bets, are so bad that smart bettors earn their advantage by avoiding them altogether. In sports betting, the math is more complicated. Depending on your favorite sport, you may need to think about things like bye weeks, underdogs, quarterback ratings, and injuries with the same fervor other connoisseurs reserve for fancy winces.

This is an important observation, there are people that dedicate their lives to a certain field of knowledge and for them it is never enough and they learn everything they can so they can keep improving and yet when it comes to sports betting it seems some people think there is some kind of limit that can be reached and from that point learning more about the particular sport in which you like to bet it is a waste of time, but this is simply not true as casinos are always improving the way they calculate odds and if you stay behind them then you will be unable to distinguish when they give good or bad odds in a particular game.

[Natalim]

Go for enough knowledge, not too much.

IMO, what's necessary here is that knowledge will help you to win and that you can convert that into skills.
It's useless to be knowledgeable and yet you aren't winning, so learn to win, that should be the goal.

In my experience as a sports betting, I can say that I have enough knowledge already, but is it enough to win, my answer is no. (based on experience only)

[Lanatsa]

Go for enough knowledge, not too much.

IMO, what's necessary here is that knowledge will help you to win and that you can convert that into skills.
It's useless to be knowledgeable and yet you aren't winning, so learn to win, that should be the goal.

In my experience as a sports betting, I can say that I have enough knowledge already, but is it enough to win, my answer is no. (based on experience only)

Nothing on gambling world can really be considered to be perfect even how knowledgeable you are but somewhat this is much more better rather than having nothing at all.

You would only notice if you are doing it too much when you do come up with analysis which arent already necessary anymore for you to include.

It doesnt matter though as long it doesnt keep you bothered or stressed that much but when you are already having problems or headaches the better always direct to the key points.

[BuNga_cute]

In my opinion, sports betting does require good knowledge, because it is different from other types of gambling. Sports betting depends
from the knowledge we have, from there we are able to analyze the sports matches that will take place. Even with knowledge which is good,
still the winning percentage is still around 50%. Because you still need luck to win in sports betting.

[StephenJH]

It makes sense to have a information and making a bet based on the gained information but the public information is not enough to make a 100% right bets. My friend even has the inside information about who will participate on the match before event and he thinks to bet on this information by taking over 2.5 goal selection. With famous person's invitation, players will be tempted to score more goals and this was edge of my friend. Personally I prefer to make random betting decisions with checking live soccer statistics. Much better than blindly losing money on random bets.

[Questat]

In my opinion, sports betting does require good knowledge, because it is different from other types of gambling. Sports betting depends
from the knowledge we have, from there we are able to analyze the sports matches that will take place.

The other games are luck based type of games, simple knowledge is enough, you need an extreme luck to win most of the time, which I think not going to happen if you are constantly gambling as the house will definitely eat your bankroll.

Even with knowledge which is good,
still the winning percentage is still around 50%. Because you still need luck to win in sports betting.

If 50% winning chance only, that would not help us, or if we break even because we already lose the time and effort we spent, we need more than that to win, winning does not only mean by the way we choose our bets, also, discipline like proper bankroll management is necessary.

[romero121]

In real life happening knowledge is power, when it comes to gambling luck is power. With sports betting with knowledge we can have all the data associated with the particular game in our finger tips, but if there is no luck then all the information gathered were useless.

With sports betting, the knowledge help in increasing the winning chance selecting the right odds whereas the luck confirm the winning.

[batang_bitcoin]

In real life happening knowledge is power, when it comes to gambling luck is power. With sports betting with knowledge we can have all the data associated with the particular game in our finger tips, but if there is no luck then all the information gathered were useless.

With sports betting, the knowledge help in increasing the winning chance selecting the right odds whereas the luck confirm the winning.

The clustering of luck with gambling is always been there but, there are certain measurements and situations that you won't be on it with 100% all the time. The information being disseminated could depend if you think it's reliable or it's already too much for you to take it because you're aware of it already or you know that it's not accurate and it won't help you. Determining those things can easily be figured out if you are too detailed with the information or knowledge that's being suggested to you.

[Ucy]

Go for enough knowledge, not too much.

IMO, what's necessary here is that knowledge will help you to win and that you can convert that into skills.
It's useless to be knowledgeable and yet you aren't winning, so learn to win, that should be the goal.


In my experience as a sports betting, I can say that I have enough knowledge already, but is it enough to win, my answer is no. (based on experience only)

I guess our knowledge can never be enough. Gaining "sufficient" knowledge about a football team alone will require lots of deep information concerning the team. You'll need to see most/all their trainings, know what they eat, how healthy they are individually, what the weather will be during their future match, how they react to different weather individually, etc. This will requires lots and lots of information/data. I think there could be businesses that specialize on gathering such information for bettors.
 It'd be hard for bettors to know most of this things by themselves.

[Kasabus]

Go for enough knowledge, not too much.

IMO, what's necessary here is that knowledge will help you to win and that you can convert that into skills.
It's useless to be knowledgeable and yet you aren't winning, so learn to win, that should be the goal.


In my experience as a sports betting, I can say that I have enough knowledge already, but is it enough to win, my answer is no. (based on experience only)

I guess our knowledge can never be enough. Gaining "sufficient" knowledge about a football team alone will require lots of deep information concerning the team. You'll need to see most/all their trainings, know what they eat, how healthy they are individually, what the weather will be during their future match, how they react to different weather individually, etc. This will requires lots and lots of information/data. I think there could be businesses that specialize on gathering such information for bettors.
 It'd be hard for bettors to know most of this things by themselves.

That's so much work to do, you would do this if you are betting a big amount or you are going to make a living in sports betting, when in most cases people fail. As for me, I think I would just rely on my experience, sometimes, even without looking at the stats, I can predict which team would win based on the line movement alone.

[acroman08]

If a person is betting on a soccer match and reads about every match of every person on every team, plus weather forecast, plus research on home advantage etc., the amount of information can be overwhelming and probably not that important or useful to bet on the outcome a particular match.

well, this isn't really about how much knowledge is too much but it about how the person will handle the information he/she has and decide which odd will come out since different person handles can handle different amounts of information without doubting or overthinking their decision. some can handle more and some can handle less.

is there a rule that would help not to drown in information but only focus on what is helpful? Or is it 'the more, the better' in your opinion?

selective information might help. I mean only learn or search what you want to learn and ignore the ones you consider trivial or unhelpful. but to be honest, in my opinion, the more knowledge you have is better.

[stomachgrowls]

Go for enough knowledge, not too much.

IMO, what's necessary here is that knowledge will help you to win and that you can convert that into skills.
It's useless to be knowledgeable and yet you aren't winning, so learn to win, that should be the goal.


In my experience as a sports betting, I can say that I have enough knowledge already, but is it enough to win, my answer is no. (based on experience only)

I guess our knowledge can never be enough. Gaining "sufficient" knowledge about a football team alone will require lots of deep information concerning the team. You'll need to see most/all their trainings, know what they eat, how healthy they are individually, what the weather will be during their future match, how they react to different weather individually, etc. This will requires lots and lots of information/data. I think there could be businesses that specialize on gathering such information for bettors.
 It'd be hard for bettors to know most of this things by themselves.

That's so much work to do, you would do this if you are betting a big amount or you are going to make a living in sports betting, when in most cases people fail. As for me, I think I would just rely on my experience, sometimes, even without looking at the stats, I can predict which team would win based on the line movement alone.

People do have their own way.Some would really make these complicated or too much information gathering and some does only rely with line movement or just seeing their overall stats basing of
the winning and losing rate.

When you do tend to bet big amounts then its not something surprising that you would really make up some research which is really beyond on what others is doing.It might really be sounding too exaggerated to be done
but these infos can really be helpful on making such decision.

and i do agree on the saying that too much of them will really just confuse you out specially trying to compare both teams from the smallest or slightest details that you have gathered.
It all varies or depend though as long it does work which is the most important of all.

[finaleshot2016]

If a person is betting on a soccer match and reads about every match of every person on every team, plus weather forecast, plus research on home advantage etc., the amount of information can be overwhelming and probably not that important or useful to bet on the outcome a particular match.

well, this isn't really about how much knowledge is too much but it about how the person will handle the information he/she has and decide which odd will come out since different person handles can handle different amounts of information without doubting or overthinking their decision. some can handle more and some can handle less.

is there a rule that would help not to drown in information but only focus on what is helpful? Or is it 'the more, the better' in your opinion?

selective information might help. I mean only learn or search what you want to learn and ignore the ones you consider trivial or unhelpful. but to be honest, in my opinion, the more knowledge you have is better.

The more knowledge you have is better, you can use that trivial and unhelpful info to vouch for other information that will help you. Well, not all of the information is helpful but for sure you will use it on other situations. But in the article that I've read, having knowledge of the game is not an advantage for us to win in gambling.

https://www.sciencedaily.com/releases/2013/03/130319124229.htm

This article really fits on the discussion and I hope you guys read it. It says that the sports gamblers are good at making illusions, thinking that they can manipulate the outcome. It's a study that uses sports gamblers and sports fans as participants. Therefore, even if you have knowledge or not, you can't easily predict the outcome and knowledge about the game won't help you to win on sports bettings.

[mindrust]

More knowledge is never a bad thing.

The more you learn about something, you'll open your eyes to the new possibilities that other people fail to see.

If you don't want to deal with information, statistics etc... dice is your thing.

[Twentyonepaylots]

More knowledge is never a bad thing.

The more you learn about something, you'll open your eyes to the new possibilities that other people fail to see.

What I believe is quite opposite, it is a bad thing when you know a lot of things, as you said it will be open for possibilities, countless of possibilities and that also mean that there is a lot going to your mind. Let's say you know a lot in statistics, you will always think of the highest possible outcome and will tend to forget the other side, that's what I notice when I played too competitive, there's a lot going to my mind that I can't see the things in my front anymore, I usually overlook easy things and I always make it complicated.

If you don't want to deal with information, statistics etc... dice is your thing.

50/50 chance of winning is better, I can say.

[Oilacris]

More knowledge is never a bad thing.

The more you learn about something, you'll open your eyes to the new possibilities that other people fail to see.

What I believe is quite opposite, it is a bad thing when you know a lot of things, as you said it will be open for possibilities, countless of possibilities and that also mean that there is a lot going to your mind. Let's say you know a lot in statistics, you will always think of the highest possible outcome and will tend to forget the other side, that's what I notice when I played too competitive, there's a lot going to my mind that I can't see the things in my front anymore, I usually overlook easy things and I always make it complicated.

If you don't want to deal with information, statistics etc... dice is your thing.

50/50 chance of winning is better, I can say.

It depends on how you do managed those informations that you had gathered or known.If you do let yourself shuffling things up then you would really end up on having those countless of possibilities
which will surely get you confused and wont able to make the right decision in the end.
Having more knowledge is good rather than having less at all.It might be have some cons but it do outweighs by its advantage and this is why there are people who do have better chances of winning
due for having lots of knowledge on a certain sport or into this sports betting.

[Questat]

More knowledge is never a bad thing.

The more you learn about something, you'll open your eyes to the new possibilities that other people fail to see.

What I believe is quite opposite, it is a bad thing when you know a lot of things, as you said it will be open for possibilities, countless of possibilities and that also mean that there is a lot going to your mind. Let's say you know a lot in statistics, you will always think of the highest possible outcome and will tend to forget the other side, that's what I notice when I played too competitive, there's a lot going to my mind that I can't see the things in my front anymore, I usually overlook easy things and I always make it complicated.

That means you area really analyzing things, an average gambler would go for an "easy things" and that's what the oddsmaker are looking, they will create a betting line that the general public would attractive in betting that line, and that make them lose because it's just a trap.

Make things complicated but still stay consistent, that would be a good recipe for success.

If you don't want to deal with information, statistics etc... dice is your thing.

50/50 chance of winning is better, I can say.

Can't have that in dice due to house edge, sports betting has none, so if you believe in 50/50 chances, that's a real thing.