Sports betting: how much knowledge is too much

[shield132]

First of all I want to mention that I used to have great knowledge in sports (not recently because don't have any free time for that). Every statistics is very important because you predict the future and you can more accurately predict it when you know the history, that includes: Which team needs win the most, in what conditions are each team? How did transfers affect to each club? Did star players made club better or still can't they rise? What are the scores in recent matches? Is this game important for certain club? Do they need to be more rested for upcoming match? And this goes endlessly.

But overthinking always kills everything so just don't overthink but consider a lot of things.

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[FontSeli]

I've been experimenting with betting on sports, and for now I don't see a difference between when I'm making an educated bet and just betting blindly looking only at the odds. It hasn't been long, however, so I'll keep experimenting.
My question is about a related matter. When I've asked in a different thread what is required to become a good bettor, many have mentioned that knowing the games, the teams and things like that is essential. But I'm sure there's a certain limit to this flow of information, and when this limit is reached, it's not useful and is even potentially harmful for making the decision. 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. What do you think: 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?

Sports betting differs from regular gambling in that if you are well versed in the sports you bet on, follow the news and athletes, then your chances of winning increase significantly.
Therefore, it makes sense to spend time and do it. It would also be nice if you liked this sport, then it will be much easier to learn everything.

[bitcoinst]

All the information that you mentioned is mostly noise, and it is already included in the calculation of the coefficient. Surely there are basic criteria that should be guided by when making a decision, little things will only distract.
In addition, if the bookmakers did not know how to correctly count the odds, they would have gone bankrupt long ago and closed.

[Lanatsa]

All the information that you mentioned is mostly noise, and it is already included in the calculation of the coefficient. Surely there are basic criteria that should be guided by when making a decision, little things will only distract.
In addition, if the bookmakers did not know how to correctly count the odds, they would have gone bankrupt long ago and closed.

You are right and thats part of the plan or game for this industry.Stick with the basic criteria but dont expect that would really be precise. Bookmakers arent really that dumb on making out odds that would be always favorable for them.
Too much knowledge they say?  This would be considered if the said information is out of the scope that should really be studied. Its not really that needed and that would really be just making some confusion.
When betting then just follow on what you had in mind or into those things that had researched but never ever over do it.

[ralle14]

I used to think the more information you have the better but it's not always the case because there will be times where the underdog comes out on top and that information you have becomes useless or more of a sugarcoat. This usually happens on sports that always go either way no matter how good the favorites are. For me it's baseball, hockey and tennis so I always avoid these sports or put less money when i'm going to bet on them.

[MCobian]

In sports betting the key to success is having the knowledge and latest information, without these two things only luck can be dependable.
It has often happened when I do soccer betting, especially when the big team is against the small team, of course with the knowledge that
we have will choose to bet on the big team. Then when the big team faces the big team again, pay attention to the line up who will play it
also affects the result of the match. This proves that having knowledge is an advantage, regarding the importance of information, for example
the Barcelona vs Bayern match in the quarter finals Champions League, I have information that Barcelona is having internal problems. This
affects the result of the match and it turns out to be true, Barcelona had to lose 2-8 to Bayern.

[kryptqnick]

I think the difference is when you make an educated bet you feel a bit more confident that you are going to win the bet and your hopes are higher.When you bet blindly you don’t expect anything and your hopes are not that high.I think too much knowledge is when you stay all day reading different newspapers,analyses and ideas about a certain event.There are many people who study all day an event and claim they make money daily from gambling but I have yet to see one such person.

Okay, but what do you think is better: reading up and feeling hopeful or making blind bets and being calmer about expectations?

Okay, the same with the knowledge is everything. This helps you to win the game if you don't want to research about the players, teams stats and other things related to the information I suggest to follow your guts this is the best way because anything can happen on the game sometimes even the professionals get shut down by the underdogs also if you don't want to research or find some information about the game you can also follow the statement of other people or just follow their bets sometimes this is effective too in trading if they called 'copy trading" I think this called as "copy betting" be careful because you are dependent on their knowledge.

If one is supposed to follow the hunch is sports betting, then it is not much of a skill-based activity, and a person cannot improve performance if one's hunch is not doing well. As for copy betting, I believe there's an even simpler choice: betting on the one who is more likely to win according to the odds.

From other replies I can see that some people believe there is never too much to know, and the more a person learns prior to placing a bet, the better. At the same time, some point out that the odds already take into account all this research, but it that case it would mean that reading up or knowing about the games and teams does not matter at all and one should simply bet in the likeliest winner. If this were so easy, however, lots of people would be successful sports bettors, but that is not the case.

[fiulpro]

I've been experimenting with betting on sports, and for now I don't see a difference between when I'm making an educated bet and just betting blindly looking only at the odds. It hasn't been long, however, so I'll keep experimenting.
My question is about a related matter. When I've asked in a different thread what is required to become a good bettor, many have mentioned that knowing the games, the teams and things like that is essential. But I'm sure there's a certain limit to this flow of information, and when this limit is reached, it's not useful and is even potentially harmful for making the decision. 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. What do you think: 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?

The thing is most of the times when you are engaging in sports Betting and you are really good at it, you do know each and every player , you literally stalk them , the team , the coach , what they are going through , the allegations .

That's a lot of hardwork literally.

I don't think any knowledge can be termed overwhelming until and unless you are getting affected by it. Contrary to popular belief I do think the more you know the better , but at the same time you have to remember that *It's a bet* , it can play out according to you and it cannot.

First we have to look into the basics:

Know your team
Know your players

That would be the very basic strategy , if someone is going to ask you to go Messi vs Ronaldo , most people would be very frizzy about the decision , what you need to do is to actually see how their game is going through this season..

So I don't really think it's much to think about , just try , get updated with each and everything that's going on in the sports industry itself.

[Botnake]

Experience will teach you how to win in sports betting.

First, you need to change your mindset and don't think sports betting will give you success overnight, long term goal is necessary if you are serious with it.
Once you are serious, you know you'll not play around but you'll ensure you have a good bankroll so you can do it for long term.

Bankroll management is one of the most important factor to consider, it's correct that you have to know the game, their stats and etc, but that is not all, it's just basic, identifying the line (normal or abnormal) or its movement would also help, sometimes line can be very attractive and that would make you get excited to bet on the better team but it was just a trap, most of the time.

Be clever and you'll learn that from your experience, just think of this, if sports bookies are winning, that means lots of bettors are losing, so the method which is "to be against the public", should work on you.

[Maslate]

This is the type of game where gamblers lose a lot of money. It's easy to gamble especially for the sports fans as they think they know how to win easily, that's why this industry grows into a billion dollar industry, not included the crypto sports betting industry or casino.

Winning is not easy as we think, we need to become consistent for us to be profitable and the question is always how?

The answer is simple, experience at your own and see it for yourself, you'll know if you are born a winner or not, and in reality, there are only few who are successful in sports betting though many people are claiming they are successful.

[TedMosby]

I don't see a difference between when I'm making an educated bet and just betting blindly looking only at the odds.

LOL me too!
When I bet for a small amount of money (fun bet), I pick my bet blindly just like you did.
When I have more money to bet, I need to know the lineup prediction, last 5 matches, and more.
But still, there's no difference.

Oh sometimes I tricked my luck, I pick the opposite side. got it? 
Really, I can't bet for living. It's just for fun.

[Finestream]

I don't see a difference between when I'm making an educated bet and just betting blindly looking only at the odds.

LOL me too!
When I bet for a small amount of money (fun bet), I pick my bet blindly just like you did.
When I have more money to bet, I need to know the lineup prediction, last 5 matches, and more.
But still, there's no difference.

Oh sometimes I tricked my luck, I pick the opposye side. got it? 
Really, I can bet for living. It's just for fun.

There's only one way you can stop from betting blindly, and that is by putting a huge amount, something that would thrill you up but you can afford to lose as well. Difference will be felt if you bet bigger amount as that would make you seriously treat your bet and you'll exert and effort to analyze the game before putting a bet.

Line up, previous games, injury reports and other related news that could affect the outcome of the game is very important, be sure to keep yourself updated from a reliable source so it will help you in making good decision.

[YOSHIE]

I've been experimenting with betting on sports, and for now I don't see a difference between when I'm making an educated bet and just betting blindly looking only at the odds. It hasn't been long, however, so I'll keep experimenting.

Later you will get used to how the betting strategy in the sports arena, especially football, what you do early on in the "blind" all of that later you will understand, if you continue to bet.

Just like me at the beginning of betting on sports gambling, in my mind I kept asking, why didn't I win as I wanted.

What is very important, if you want to bet on soccer gambling, what you need to understand is: understanding that sports betting can not only place bets against the team and the players, there are many things you have to consider.
Example: weather and field, due diligence, injuries and also several other aspects when placing bets.

You will later get used to and know how to bet to determine yourself to win.

[desticy]

`snip

It seems to me a completely rational solution, for beginners, to create a demo account. Demo bankroll with which you can try your hand and make all possible mistakes without losing money. The bets are very tempting and it can be difficult to stick to a bankroll when you are 100% sure you will win, but this is the kind of thing people lose all their money on.

[Heisenberg_Hunter]

I would consider sports gambling is similar to investing/trading any altcoin or stocks TBH. Educated bet will most likely gain you some profits for sure and on rare moments you might get a loss. For instance consider in the case of trading an altcoin, in this case many of us will be investing or trading the altcoin or stocks of a company only after completely knowing about the coin, its potential, its development etc and if you really don't do any of these and invest in altcoins or stocks you might be really facing a huge loss.

But there are a few cases where will be losing our money even after investing in a really good coin where the company has faced a hardship during various situations or developer running away after understanding he cannot carry over the remains of the company in a successful way. This has happened in many of the ICOs which started during the crypto bubble of 2017. Almost 95% of the investors in crypto never got to know about anything and just jumped into it to make money through trading. There were various altcoins which had the potential and raised significant money during the bull run and closed down its operation in 2019/2020 and running away with a exit scam.

We can exactly compare this with sports gambling where we will be learning everything about the game (like weather, home ground pitch, players playing in the field) before placing a bet but still lose when the player fails to give their best during the game. This isn't dependent on us and if we tend to take a loss here, then we can say our luck didn't work out really well. But on the other hand, if you don't do any of these researches and still bet on a player or game without knowing anything then you should definitely be accepting the huge loss or the higher profits. If you are betting on a game, I would suggest that we should be doing some really good research (this is my honest opinion). Only gamble if you are really sure about the game (this isn't a dice game for you to try the luck!)

[dunfida]

`snip

It seems to me a completely rational solution, for beginners, to create a demo account. Demo bankroll with which you can try your hand and make all possible mistakes without losing money. The bets are very tempting and it can be difficult to stick to a bankroll when you are 100% sure you will win, but this is the kind of thing people lose all their money on.

Cant be helped and cant really be avoided since we are just human beings which do normally react into things and do made out certain action depending on what we do saw on the current situation.
You would normally had that thing in mind on going all in if you do know that you are sure into that certain bet but we know that its risky since it can blow out your entire bankroll balance in an instant
and theres no chance for some recovery or breaking even once you lost that bet.This is gambling and its just normal to have that kind of behavior but supposedly it should be needed to be suppress or need to
be control because honestly this one will really lead into serious loss in terms of financial.When it comes to knowledge then it isnt bad on having that over analyzed one but it does really remove out the
true essence of enjoying the game.

[goinmerry]

My question is about a related matter. When I've asked in a different thread what is required to become a good bettor, many have mentioned that knowing the games, the teams and things like that is essential. But I'm sure there's a certain limit to this flow of information, and when this limit is reached, it's not useful and is even potentially harmful for making the decision.

That information that you thought "maybe" won't be useful or might bring changes for making a decision is also the one you need to increase your winning of chances. Knowledge about the game is really essential even the game is unpredictable.

Blinding only looking at the odds can wreck your funds in the long-run.

I understand that you are still experimenting with how sports betting was done. Actually, this concern for yours is easy and simple to understand once you have become an experienced sports bettor. Just continue experimenting with caution.

[shoreno]

It seems to me a completely rational solution, for beginners, to create a demo account. Demo bankroll with which you can try your hand and make all possible mistakes without losing money.

i like it when beginners start on this way because there are beginners that think they are already pro and will jump on the real betting  .  im not saying that they can loose but its better if we dont skip the learning process .

The bets are very tempting and it can be difficult to stick to a bankroll when you are 100% sure you will win, but this is the kind of thing people lose all their money on.

it happens to me many times  . i knew it that i can win more but i miss the chance and choose to stay on my safe side of betting  , i still earn something anyway . now , i forget being tempted because that can be a trap to make you a greedy gambler .

[tippytoes]

My question is about a related matter. When I've asked in a different thread what is required to become a good bettor, many have mentioned that knowing the games, the teams and things like that is essential. But I'm sure there's a certain limit to this flow of information, and when this limit is reached, it's not useful and is even potentially harmful for making the decision.

That information that you thought "maybe" won't be useful or might bring changes for making a decision is also the one you need to increase your winning of chances. Knowledge about the game is really essential even the game is unpredictable.

Blinding only looking at the odds can wreck your funds in the long-run.

I understand that you are still experimenting with how sports betting was done. Actually, this concern for yours is easy and simple to understand once you have become an experienced sports bettor. Just continue experimenting with caution.

With experience, you will know what factors have the weight on every match. Sports betting requires tons of knowledge about that game and you will really drown from all those information if you don't know how to filter which one needs to go. Just by staring the odds will not really help as I have done it also many times. Unless, you will do your own analysis, you have better chance of winning.

[harizen]

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.

Disagree with your experiment thoughts here but since it's experimental and you are new to sports betting, your own view

I'd rather like to receive overwhelming information as much as possible. Not an assurance that I will win but every information I need will increase my chance of winning. Example in basketball and I think I mentioned this on your previous thread, injury update, key players, homecourt advantage (not for now because of a pandemic) and status of players, team, etc. - these are key elements to help me make decisions.

Now for betting, now depends on odds if that is worth to take a bet. As much as possible, will only choose odds in a range of @1.6 above.

Later you will get used to how the betting strategy in the sports arena, especially football, what you do early on in the "blind" all of that later you will understand, if you continue to bet.

Actually, this concern for yours is easy and simple to understand once you have become an experienced sports bettor. Just continue experimenting with caution.

Right.

You will be soon used to this and these issue of yours will properly deal with so just proceed.