Sports betting: how much knowledge is too much

[glowing10]

Knowledge is everything but with gambling, luck would always had the part for you to succeed.

5% luck, 95%, that's the right combination to succeed, I put a very little percentage on the luck since it's not really something we can consistently have, everyone has luck, and since sports betting is just betting against each other, other people can be lucky also but with knowledge you have the edge to win in the long run.

Ofcourse. I don't know how reliable your 5%/95% is, but I agree that knowledge is important. A bettor who depends on luck could be defeated by very experienced/knowledgeable and skilled bettor. And such experience bettor would likely win consistently and be profitable if he/she bet mostly with bettors who depend on luck in skill-based games/competitions

Knowledge in sports is important as it gives you an idea of what are the chances of a team wining and who is their opponent. This give you a fair judgement if the match could be one sided or will be tough and based on the form which player is likely to perform better etc and accordingly we can place the bets. Though it does not guarantee it will happen the same way but will have a better view rather than having no knowledge at all about it.

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[Maslate]

The numbers are growing.....

Research: US $155.49 Bn for Sports Betting Market Size 2019 Growing at 8.83% CAGR Through 2024
According to the report, the global sports betting market was valued at around USD 104.31 billion in 2017 and is expected to reach approximately USD 155.49 billion by 2024, growing at a healthy CAGR of 8.83% between 2018 to 2024.

If one believe that he has skills in sports betting then it's not impossible that he will become financially free by just focusing sports betting as his main source of income, unfortunately, the reason why the number grows is because of the majority of the sports bettors are losers.

[Betwrong]

The numbers are growing.....

Research: US $155.49 Bn for Sports Betting Market Size 2019 Growing at 8.83% CAGR Through 2024
According to the report, the global sports betting market was valued at around USD 104.31 billion in 2017 and is expected to reach approximately USD 155.49 billion by 2024, growing at a healthy CAGR of 8.83% between 2018 to 2024.

If one believe that he has skills in sports betting then it's not impossible that he will become financially free by just focusing sports betting as his main source of income, unfortunately, the reason why the number grows is because of the majority of the sports bettors are losers.

Although I think it is technically true that the majority of the sports bettors are losers, it has nothing to do with the fact that sports betting market is growing.

The odds are fluctuating based on where the bettors' money is going, and in the end, the winners are paid with the money from losers, with the platform getting its share. So, even if most bettors were winners, it would only mean that all the losers combined lost a bit more than the winners won, and the sports betting platform would still make money.

[Questat]

The numbers are growing.....

Research: US $155.49 Bn for Sports Betting Market Size 2019 Growing at 8.83% CAGR Through 2024
According to the report, the global sports betting market was valued at around USD 104.31 billion in 2017 and is expected to reach approximately USD 155.49 billion by 2024, growing at a healthy CAGR of 8.83% between 2018 to 2024.

If one believe that he has skills in sports betting then it's not impossible that he will become financially free by just focusing sports betting as his main source of income, unfortunately, the reason why the number grows is because of the majority of the sports bettors are losers.

Although I think it is technically true that the majority of the sports bettors are losers, it has nothing to do with the fact that sports betting market is growing.

The odds are fluctuating based on where the bettors' money is going, and in the end, the winners are paid with the money from losers, with the platform getting its share. So, even if most bettors were winners, it would only mean that all the losers combined lost a bit more than the winners won, and the sports betting platform would still make money.

What I understand on the figure is that year per year, sports bettors exposure are increasing, more bets means more commission for them as they don't really act as the house but just the facilitator of the bet, sports betting is bettor vs bettor, sportsbook are always in the safe side.

[South Park]

Knowledge is everything but with gambling, luck would always had the part for you to succeed.

5% luck, 95%, that's the right combination to succeed, I put a very little percentage on the luck since it's not really something we can consistently have, everyone has luck, and since sports betting is just betting against each other, other people can be lucky also but with knowledge you have the edge to win in the long run.

Ofcourse. I don't know how reliable your 5%/95% is, but I agree that knowledge is important. A bettor who depends on luck could be defeated by very experienced/knowledgeable and skilled bettor. And such experience bettor would likely win consistently and be profitable if he/she bet mostly with bettors who depend on luck in skill-based games/competitions

It is impossible to accurately quantify how much luck has an influence in our lives, however any gambler that is dependent on his luck to try to win is going to fail, you need to reduce that number to its minimum expression and while there are games in which this is not possible in a gambling game like sports betting this can be done by acquiring knowledge about the games and then using that knowledge to try to better determine if the odds we are given by the casino are fair or not.

[Alucard1]

Having good knowledge and enough information is such an advantage for you to win the game but it doesn't mean that you the odds of winning are always on your side, it will help you to know whether the opponent team is matched on the team you know, that is the only advantage that you can have in sports betting. It is really hard to bet or to choose where to bet if you don't have a little bit of knowledge about the game. It is just a full guess for you and it will only be based on the luck if you win the bet.

[Google+]

Having good knowledge and enough information is such an advantage for you to win the game but it doesn't mean that you the odds of winning are always on your side, it will help you to know whether the opponent team is matched on the team you know, that is the only advantage that you can have in sports betting. It is really hard to bet or to choose where to bet if you don't have a little bit of knowledge about the game. It is just a full guess for you and it will only be based on the luck if you win the bet.

I think it depends on what type of gambling you do if for sports gambling it will be very difficult because sometimes what has been predicted does not match the predictions made, so I suggest not only rely on knowledge because the luck factor can at least be combined with luck with the knowledge you get.

[michellee]

Having good knowledge and enough information is such an advantage for you to win the game but it doesn't mean that you the odds of winning are always on your side, it will help you to know whether the opponent team is matched on the team you know, that is the only advantage that you can have in sports betting. It is really hard to bet or to choose where to bet if you don't have a little bit of knowledge about the game. It is just a full guess for you and it will only be based on the luck if you win the bet.

It will be more helpful if you are familiar with the match and know each team to help you choose the right team that has a big chance to win. But maybe we can miss something here, such as the team with a lower odds that can win than the team with a high odds, and that because of that, the team can change the field's situations. If that happens, we can not do anything because it is out of our analysis. Maybe we can try again in the next match with a different team, but make sure that you know which team will compete later.

[Serious475]

If you want to wage into sports bets I think you should need to consider on the different aspects and knowledge. Every time I play on e sports and sports gambling these helps me

Who is the player
Where is the place
What is the standing of the time
What are the following odds

These gives you an idea who is the match winner and what are the possible wages you could earn.

Also don't disregard the sport spirit of the player because sometimes they made an unexpected things or actions.

[Betwrong]

~

What I understand on the figure is that year per year, sports bettors exposure are increasing, more bets means more commission for them as they don't really act as the house but just the facilitator of the bet, sports betting is bettor vs bettor, sportsbook are always in the safe side.

That's right, most sportsbooks operate this way. However, there are some exceptions, when a sportsbook is not exactly on the safe side. This concerns newly appeared, and thus unpopular operators. If a sportsbook doesn't have enough bettors on its platform, it can happen so that a huge bet made in the last minutes will not have enough time to be balanced/compensated by bets on the opposite side(despite the very appealing odds), and the sportsbook will be at risk of losing their own money.

[Janation]

~

But Luck is the most important part right?even how Good your mind is but luck wasn't on your side still you will lose.
Nit like if you are lucky even you are not thinking yet the chance of winning is yours.
But that is best way to gamble,Be knowledgeable,wise and be lucky.

Though there is a problem there.

It is true that luck might be one of the ingredients needed for someone to win in a betting or in a lottery but there is a catch. We don't actually know whether we are lucky or not, if it is shortlived or not. We can't actually rely or depend on that so as gamblers, we just rely on what we can and do things we can in order to have fun and win.

[Ucy]

Having good knowledge and enough information is such an advantage for you to win the game but it doesn't mean that you the odds of winning are always on your side, it will help you to know whether the opponent team is matched on the team you know, that is the only advantage that you can have in sports betting. It is really hard to bet or to choose where to bet if you don't have a little bit of knowledge about the game. It is just a full guess for you and it will only be based on the luck if you win the bet.

Ofcourse! I believe lots of information/knowledge is really require to achieve success in skill-based bettings. Without this, you are depending on luck as a bettor even though it isn't luck-based games/competitions.
If I want to bet on a match, I will learn alot about the two teams rather than just bet blindly, without knowing enough or anything atall about the teams

[Lorence.xD]

Knowledge becomes too much when you are obsessed down to the detail and yet the results are still the same. Just know how the game works and listen to sports commentaries, you do not have to be an analyst to do that. In the end the darling of the crowd will be the likely winner and other than maybe a clincher will happen or a miracle happen.

[MWesterweele]

Knowledge is everything but with gambling, luck would always had the part for you to succeed.

5% luck, 95%, that's the right combination to succeed, I put a very little percentage on the luck since it's not really something we can consistently have, everyone has luck, and since sports betting is just betting against each other, other people can be lucky also but with knowledge you have the edge to win in the long run.

Ofcourse. I don't know how reliable your 5%/95% is, but I agree that knowledge is important. A bettor who depends on luck could be defeated by very experienced/knowledgeable and skilled bettor. And such experience bettor would likely win consistently and be profitable if he/she bet mostly with bettors who depend on luck in skill-based games/competitions

Knowledge in sports is important as it gives you an idea of what are the chances of a team wining and who is their opponent. This give you a fair judgement if the match could be one sided or will be tough and based on the form which player is likely to perform better etc and accordingly we can place the bets. Though it does not guarantee it will happen the same way but will have a better view rather than having no knowledge at all about it.

I do believe that knowledge is a must and even in sports but for me when it comes in sports betting i dont think it has a knowledge level that was needed to be able to win a bet. I do believe in luck and based on my personal experienced i have met some people who are winning a bet frequently and honestly speaking i am not that type of a person. Maybe i have a poor luck skill-based game or intuition. This is the only thing that always keep on my mind, i can't trust myself in betting in sports especially if i am going tk bet with money involved i cant take the risk.

[NavI_027]

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.

Exactly! Why would you include unimportant info in your considerations in the first place? That would really make you more confused lol. Like on this quote, why would you like to know about weather? Is it really vital in betting? For me, I don't think so. Yeah! It is somehow relevant on playing soccer but every player can play whether it is rainy, hot or cold outside, isn't it? So what's the point of knowing it . Unless you found out that a the stats of certain player plummet every time it rains due to slippery grass. That's the time you can say it significant.

[batang_bitcoin]

Knowledge becomes too much when you are obsessed down to the detail and yet the results are still the same. Just know how the game works and listen to sports commentaries, you do not have to be an analyst to do that. In the end the darling of the crowd will be the likely winner and other than maybe a clincher will happen or a miracle happen.

Those are commentaries and it's an opinion based from the caster and if you'll use it as analysis, I don't think that's going to give you an accurate call. They may but most likely they are not a good source. We pick good data from them but knowledge and knowledge.
Being too much is bad and I agree with you if you're too down for the detail, it's just going to puzzle you.

[Cnut237]

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?

I think there's a common mistake in that the more information that people have, the more they think the outcome of the sports event is predictable. The more knowledge you have, the more you underestimate the element of chance that is inherent to the game. Some sports are obviously more susceptible to luck and random chance than others - look at cycling and Geraint Thomas, one of the favourites for the Giro, now being out of contention because of a stray water bottle that simply couldn't have been predicted.

More information is better, but as well as the need to understand exactly which of this information is relevant, it's also vitally important not to underestimate brute luck.

[Botnake]

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?

I think there's a common mistake in that the more information that people have, the more they think the outcome of the sports event is predictable. The more knowledge you have, the more you underestimate the element of chance that is inherent to the game. Some sports are obviously more susceptible to luck and random chance than others - look at cycling and Geraint Thomas, one of the favourites for the Giro, now being out of contention because of a stray water bottle that simply couldn't have been predicted.

More information is better, but as well as the need to understand exactly which of this information is relevant, it's also vitally important not to underestimate brute luck.

It depends on how you handle the information, you shouldn't have an information overload problem as that is not healthy. In gambling, it doesn't need to be complicated, the approach is very simple, but you need to be very clever to fully understand and will increase your chances of winning.

As a gambler, no one can perfectly predict the outcome of the games and make himself rich, winning 60% in sports betting most of the time is even hard to so, yeah, the figure look easy but it's easier said than done in real life.

[Golftech]

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?

I think there's a common mistake in that the more information that people have, the more they think the outcome of the sports event is predictable.


More information is better, but as well as the need to understand exactly which of this information is relevant, it's also vitally important not to underestimate brute luck.

It depends on how you handle the information, you shouldn't have an information overload problem as that is not healthy. In gambling, it doesn't need to be complicated, the approach is very simple, but you need to be very clever to fully understand and will increase your chances of winning.

Why not just let it happen and play with smile in our faces?the more you seek for winning is the more winning go away ,Just play and if it is yours then no one can take it.

As a gambler, no one can perfectly predict the outcome of the games and make himself rich, winning 60% in sports betting most of the time is even hard to so, yeah, the figure look easy but it's easier said than done in real life.

Maybe those who says it is easy are those who has a cheat or so very Lucky in gambling .

[jademaxsuy]

It is always good and fun to have a lot of knowledge. You can take advantage of it when betting on matches. The problem remains of course that you depend on the performance of a player or team, and based on statistics and probability calculations you will always lose in the long run, because the house always has an advantage. I think it is especially important to have discipline and to keep using it.

Yes, Knowledge is power and that will be a lot of help when betting. I agree that the best tool to decide in betting is knowlege though it may not going to work most of the time but at least you can have an advantage.

Most likely having a knowledge in the bet will likely give you more insights on how, why and when to bet. However, it will still not a guarantee to win in the bet. Being lucky is more important key to win at all. LOL