Sports betting: how much knowledge is too much

[Viscore]

Bookmaker's always have an advantage! At least that sometimes they can overestimate the odds for obviously the same indicators! For example, recently played football match with N.Ireland and Bosnia and Herzegovina... In principle, the teams are similar in strength, even N.Ireland looked better! So, the original preference was given to Bosnia (x1.6) and N.Ireland (x6).... What is this, advantage or manipulation?

I think both. An advantage for them and at the same time with manipulation. It's all about business, whether both teams are equal in terms of strength, standings and other criteria. But all sports bookie are all in for the profit having calculation which will be favored to them.
And AFAIK, most of us here are aware of that.

I've also noticed the difference versus our won prediction. I'd tried to put my bets on the higher odds as I thought that it gives a higher chance of winning but unfortunately, I dumb loose. I could feel such manipulation and they might try to fool us. That is why I'd find it not important to look into the odds but to look into the team which I did for a long time and it increases my probability of winning.

[tabas]

Bookmaker's always have an advantage! At least that sometimes they can overestimate the odds for obviously the same indicators! For example, recently played football match with N.Ireland and Bosnia and Herzegovina... In principle, the teams are similar in strength, even N.Ireland looked better! So, the original preference was given to Bosnia (x1.6) and N.Ireland (x6).... What is this, advantage or manipulation?

I think both. An advantage for them and at the same time with manipulation. It's all about business, whether both teams are equal in terms of strength, standings and other criteria. But all sports bookie are all in for the profit having calculation which will be favored to them.
And AFAIK, most of us here are aware of that.

We can't deny the fact that bookies want to earn huge money from this business. That kind of odds is widespread in a lot of bookies. So make sure to use a relatively good bookie. And right now, I've encountered this thread = comparison website in sportsbooks - https://bitcointalk.org/index.php?topic=5279405.0 . Seems good to use to see at a glance about the odds on each sportsbook. Though they still have a lot to add here.

Comparison and being capable of looking to different odds and spread of bookies will make you choose the best.

I've also noticed the difference versus our won prediction. I'd tried to put my bets on the higher odds as I thought that it gives a higher chance of winning but unfortunately, I dumb loose. I could feel such manipulation and they might try to fool us. That is why I'd find it not important to look into the odds but to look into the team which I did for a long time and it increases my probability of winning.

If that works better for you, continue working with it. Just choose the casino which you think is fair and acceptable for you.

[Questat]

Bookmaker's always have an advantage! At least that sometimes they can overestimate the odds for obviously the same indicators! For example, recently played football match with N.Ireland and Bosnia and Herzegovina... In principle, the teams are similar in strength, even N.Ireland looked better! So, the original preference was given to Bosnia (x1.6) and N.Ireland (x6).... What is this, advantage or manipulation?

I think both. An advantage for them and at the same time with manipulation. It's all about business, whether both teams are equal in terms of strength, standings and other criteria. But all sports bookie are all in for the profit having calculation which will be favored to them.
And AFAIK, most of us here are aware of that.

We can't deny the fact that bookies want to earn huge money from this business. That kind of odds is widespread in a lot of bookies. So make sure to use a relatively good bookie. And right now, I've encountered this thread = comparison website in sportsbooks - https://bitcointalk.org/index.php?topic=5279405.0 . Seems good to use to see at a glance about the odds on each sportsbook. Though they still have a lot to add here.

There's plenty of services like that but it's good that this one only focus on crypto sportsbook so we can shop for the best odds in the market. I also checked the site but thus far they have limited number of sportsbook listed into their website, well, we can understand as they are quite relatively new.

Going back, I think it's understood that bookies wants to make more money, that's the goal of every casinos, which is to maximize their profit but we have to understand this is not a lucked based games, it's a skilled based games where bookies not necessarily called the house, we are betting on the opposite action.

[pankowri]

Sports betting is a popular concept and many people are involved in it around us. Skill can work for you and choosing the best team is the main factor here. Because anything can happen within a very short time. So it is better to choose the best one for your safety. I think it's easy to choose if you have enough knowledge about sports.

[Janation]

Sports betting is a popular concept and many people are involved in it around us. Skill can work for you and choosing the best team is the main factor here. Because anything can happen within a very short time. So it is better to choose the best one for your safety. I think it's easy to choose if you have enough knowledge about sports.

It is not that easy.

Despite the odds favoring the stronger teams, there are still chances that the other team could win. It is not easy, other than that, if you bet on those favored teams you don't usually get that much profit since the ones with high odds also have a small amount of money to win.

[michellee]

Sports betting is a popular concept and many people are involved in it around us. Skill can work for you and choosing the best team is the main factor here. Because anything can happen within a very short time. So it is better to choose the best one for your safety. I think it's easy to choose if you have enough knowledge about sports.

But unfortunately, the best team can not always win the games because sometimes, the weak team can win easily. The field situations can change suddenly without we know, and that can make the opponent panic. We can see that the best team was defeated by the weak team many times, and that is happening not just in one or two times. If we have enough knowledge about sports, especially for the sports that we like, we will have a chance to select the team that can win.

[Finestream]

Sports betting is a popular concept and many people are involved in it around us. Skill can work for you and choosing the best team is the main factor here. Because anything can happen within a very short time. So it is better to choose the best one for your safety. I think it's easy to choose if you have enough knowledge about sports.

But unfortunately, the best team can not always win the games because sometimes, the weak team can win easily.

That's definitely normal as they are called favorites for a reason, but does they cover most of the time? That's what gamblers look and analysis as there's always a handicap when betting on either side.

The field situations can change suddenly without we know, and that can make the opponent panic. We can see that the best team was defeated by the weak team many times, and that is happening not just in one or two times. If we have enough knowledge about sports, especially for the sports that we like, we will have a chance to select the team that can win.

This is on a case to case situation, but in general, I'm telling the fact that though all the time best team wins but they don't cover most of the time.

[3meek]

Sports betting is a popular concept and many people are involved in it around us. Skill can work for you and choosing the best team is the main factor here. Because anything can happen within a very short time. So it is better to choose the best one for your safety. I think it's easy to choose if you have enough knowledge about sports.

But unfortunately, the best team can not always win the games because sometimes, the weak team can win easily. The field situations can change suddenly without we know, and that can make the opponent panic. We can see that the best team was defeated by the weak team many times, and that is happening not just in one or two times. If we have enough knowledge about sports, especially for the sports that we like, we will have a chance to select the team that can win.

The fact is that bookmakers sometimes deliberately put the odds they need on the opposite team, and if you are not good at this sport, you can easily be cheated by bookmakers...
So it's always DYOR!

[Botnake]

Sports betting is a popular concept and many people are involved in it around us. Skill can work for you and choosing the best team is the main factor here. Because anything can happen within a very short time. So it is better to choose the best one for your safety. I think it's easy to choose if you have enough knowledge about sports.

But unfortunately, the best team can not always win the games because sometimes, the weak team can win easily. The field situations can change suddenly without we know, and that can make the opponent panic. We can see that the best team was defeated by the weak team many times, and that is happening not just in one or two times. If we have enough knowledge about sports, especially for the sports that we like, we will have a chance to select the team that can win.

The fact is that bookmakers sometimes deliberately put the odds they need on the opposite team, and if you are not good at this sport, you can easily be cheated by bookmakers...
So it's always DYOR!

There's no cheating in sports betting especially coming from sports book as they provide the odds for both sides, it's only up to us to decide which side we will bet, sometimes we just make a wrong decision as we presume a certain odds will provide us an easy win.

[Ucy]

Sports betting is a popular concept and many people are involved in it around us. Skill can work for you and choosing the best team is the main factor here. Because anything can happen within a very short time. So it is better to choose the best one for your safety. I think it's easy to choose if you have enough knowledge about sports.

But unfortunately, the best team can not always win the games because sometimes, the weak team can win easily. The field situations can change suddenly without we know, and that can make the opponent panic. We can see that the best team was defeated by the weak team many times, and that is happening not just in one or two times. If we have enough knowledge about sports, especially for the sports that we like, we will have a chance to select the team that can win.

The fact is that bookmakers sometimes deliberately put the odds they need on the opposite team, and if you are not good at this sport, you can easily be cheated by bookmakers...
So it's always DYOR!

There's no cheating in sports betting especially coming from sports book as they provide the odds for both sides, it's only up to us to decide which side we will bet, sometimes we just make a wrong decision as we presume a certain odds will provide us an easy win.

Interesting.
I think one of the reasons why cheating will likely be minimal or non-existent in sports betting is because the outcome of games is not dependent on or determined by things controlled or owned by betting sites. If a betting site owns and controls the football players(for example), things could be easily manipluted.

[peter0425]

Sports betting is a popular concept and many people are involved in it around us. Skill can work for you and choosing the best team is the main factor here. Because anything can happen within a very short time. So it is better to choose the best one for your safety. I think it's easy to choose if you have enough knowledge about sports.

It is not that easy.

Despite the odds favoring the stronger teams, there are still chances that the other team could win. It is not easy, other than that, if you bet on those favored teams you don't usually get that much profit since the ones with high odds also have a small amount of money to win.

That is why it is called Game because both party can win even how big the difference are.

The fact is that bookmakers sometimes deliberately put the odds they need on the opposite team, and if you are not good at this sport, you can easily be cheated by bookmakers...
So it's always DYOR!

exactly it is our own discretion not unless we are just for fun then this is nto a problem anymore.

[Hamphser]

Sports betting is a popular concept and many people are involved in it around us. Skill can work for you and choosing the best team is the main factor here. Because anything can happen within a very short time. So it is better to choose the best one for your safety. I think it's easy to choose if you have enough knowledge about sports.

But unfortunately, the best team can not always win the games because sometimes, the weak team can win easily. The field situations can change suddenly without we know, and that can make the opponent panic. We can see that the best team was defeated by the weak team many times, and that is happening not just in one or two times. If we have enough knowledge about sports, especially for the sports that we like, we will have a chance to select the team that can win.

The fact is that bookmakers sometimes deliberately put the odds they need on the opposite team, and if you are not good at this sport, you can easily be cheated by bookmakers...
So it's always DYOR!

There's no cheating in sports betting especially coming from sports book as they provide the odds for both sides, it's only up to us to decide which side we will bet, sometimes we just make a wrong decision as we presume a certain odds will provide us an easy win.

Interesting.
I think one of the reasons why cheating will likely be minimal or non-existent in sports betting is because the outcome of games is not dependent on or determined by things controlled or owned by betting sites. If a betting site owns and controls the football players(for example), things could be easily manipluted.

You're right but the fact that fixed game do really exist thats why there are games which you can really see odd moments where you can presume out that theres something wrong.

When we do talk about being fixed then this doesnt involved some penny amount and of course this will talk about millions.On the topic about how much knowledge is too much?

Everything you done is already into certain extent which unnecessary informations isnt really need but in sports, every information would really be relevant.

[Natalim]

Interesting.
I think one of the reasons why cheating will likely be minimal or non-existent in sports betting is because the outcome of games is not dependent on or determined by things controlled or owned by betting sites. If a betting site owns and controls the football players(for example), things could be easily manipluted.

There/s no chance they can control the games, by providing the odds they can already make money.

What people don't get is that sportsbook does not act like a house edge where they have a bankroll betting against bettors choices, not that way, they are making money from juice as that's what makes them profitable, so they would not matter anyway as they can always make money regardless of the result.

Though we sometimes thought cheating is happening but we have no proof, that would remain our personal opinion and we can just based according to what we believe, let's man up, accept loses and try to enjoy betting as it is.

[Onuohakk]

Soccer match is unpredictable now. The big club you expected to win match is now losing match. Look at what happened to Manchester United and Liverpool and Leicester last 2weeks ago.
In football never underestimate your opponent (club). Soccer betting is all about luck, nothing much cos anything can happen

[tbterryboy]

Sports betting is a popular concept and many people are involved in it around us. Skill can work for you and choosing the best team is the main factor here. Because anything can happen within a very short time. So it is better to choose the best one for your safety. I think it's easy to choose if you have enough knowledge about sports.

Sometimes too much knowledge can play against you because I have seen when I was new to gambling I was winning more than I win now and that's because I used to be random with my picks and I don't think too much before betting. But now I think too much like why the odds favor a certain player, I check for the surface like in tennis surface matters but really can fool you at times and I check head to head which is misleading at times.

I believe having knowledge in sports is good but only until you don't start thinking like you know everything and analyze too much, it is truly said that the best option is to bet on any team or player going by your gut feeling and don't think too much about their head-to-head or their recent form because everything changes so quickly and one record cannot be sustained for too long. So if a player beats another player on last 5 occasions then maybe today that streak will break.

[carter34]

Soccer match is unpredictable now. The big club you expected to win match is now losing match. Look at what happened to Manchester United and Liverpool and Leicester last 2weeks ago.
In football never underestimate your opponent (club). Soccer betting is all about luck, nothing much cos anything can happen

I think the trend of offset is growing in this modern time soccer. In the past, we hardly saw such happening but with the new generation soccer, everything is leveling up. Underdogs have given way to any team's day.

[CryptocurencyKing]

Betting has been very much a thing of luck. This is so because, every new game is a fresh and different game. You never can speculate so accurately on the results though, there often seems to be easy predictions to outcomes but, it's always stands as a probability. There is no such thing as too much knowledge on the sport to guarantee your winning on your stakes. It only offers you a rather high potential at the games but then, the accumulation option becomes a step to push you off course as you can't be right often in all games.
Some gamblers make there stakes based on histories between teams but then, these histories are meant to either be maintained or broken to create new records hence, even your knowledge of the game is not so much an added advantage.

[Pamadar]

Betting has been very much a thing of luck. This is so because, every new game is a fresh and different game. You never can speculate so accurately on the results though, there often seems to be easy predictions to outcomes but, it's always stands as a probability.

If it's indeed easy to speculate we won't see many sports bookers as they will surely be busted by gamblers who understand the game very well, but it's not that easy and even you have the skills it's still more on luck to really gained rewarding outcome.

There is no such thing as too much knowledge on the sport to guarantee your winning on your stakes. It only offers you a rather high potential at the games but then, the accumulation option becomes a step to push you off course as you can't be right often in all games.

That's reality. You can't always win even you think your pick is right based from your knowledge, things can turned unfavorable to you, shit happens.

Some gamblers make there stakes based on histories between teams but then, these histories are meant to either be maintained or broken to create new records hence, even your knowledge of the game is not so much an added advantage.

You still speculating with possibilities nonetheless it's still depends from the actual outcomes of the game you picked.

[Betwrong]

Right, and since we are talking about myths, let's bust another one.

They say "the house always wins", in a sense that you will eventually go bankrupt, but in reality it's not what the house edge is doing. The house edge is there to make all the gamblers, in total, on a betting platform lose a small part from their bets. Almost nobody is losing exactly the house edge after, say, 100 bets. One particular bettor can be either in profit or loss, and it is uncertain, how many bets it can take to lose everything to the house. It can take 20 years of constant betting, or 200 years, nobody knows.

Basically, winning and losing will depend on the random algorithm that the house putted to their system for the bettors. Usually, for the cryptocurrency based games, the codes used is always audited to make sure that the game is fair. Meaning, we could trust the house from cryptocurrency gambling sites because they are verifiable. But in terms of physical casinos, it is hard to trust them since we don't know if they putted a tricked, let say, to always give the house an edge to long term betting.

Just to clarify things, "provably fair" doesn't mean "without a house edge". What's good about provably fair games is that:

1. We know exactly the advantage of the house. It can affect either our winning chance, making it a bit lower, or the amount of the win, in the same way.

2. We can verify any bet to make sure that the house didn't interfere in the process.

But since it's a sports betting thread, I think it's worth mentioning here that you don't actually need additional provably fair system for sports betting. Sports betting is provably fair by itself - you can always verify the result by reading the news(if you missed the live stream of the event).

[Natalim]

But since it's a sports betting thread, I think it's worth mentioning here that you don't actually need additional provably fair system for sports betting. Sports betting is provably fair by itself - you can always verify the result by reading the news(if you missed the live stream of the event).

Exactly, and there's a lot of media outlet to verify and that makes it so reliable, you can't question the final score but as a gambler we can question whether the sports we are betting is rigged or not, but it's not easy to prove so let's just based on the result and continue betting.