Sports betting: how much knowledge is too much

[traderethereum]

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.

[1714199261]

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[1714199261]

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[South Park]

I think gaining too much knowledge specially on sports betting is just good and not really a harm for as long as you have all the needed information, you do already have lots of advantages for you are having a basis on making betting decisions on the sports you wish to play a bet with. It is better to have more informations on hand rather than lacking for you will just regret not knowing everything about that certain thing. Overflowing informations are just fine for you can manage to eliminate what you think is unnecessary or those that cannot be useful.

The considerations you take are particularly based on the information you have but those can practically be affected somehow by unexpected happenings and having informations on hand can make you be ready if ever such thing happen to make adjustments on that to help you decide on your betting decisions. It is better to gather more than to regret lacking information. Trust the information you have together with guts and observation to have an edge on the bets you will make.

I am with this perspective also. Too much knowledge will be very helpful in sportsbetting. Because that's where your chance of winning will put into good play. The more info you have, the better for your betting strategy. This is why the winning chance in sportsbetting is higher than luck-based games because as a bettor, you have the advantage if you know the game by heart.

I also think the same, this idea of having too much knowledge when it comes to sports betting doesn't really make a lot of sense, unless you are a successful sports bettor and you already have a system that can generate profits and that you have tested over many years and the more information that you add doesn't seem to improve your profits at all, only someone that was passing through something like that could say that too much information is not really helping him, but if you are not earning money through sport betting then you need more information that is for sure.

[Ayiranorea]

No knowledge is too much until you know the limits on spending. People always prefer risk to earn, by the time gamblers should also know that gambling isn't all about luck. If one goes into gambling completely depending on luck, then there is more chance of ending up with loss than winning. To be good with sports betting, all that necessary were knowledge about the match and the possible chances of winning.

[ChrisPop]

I think that one needs to have a system for approaching sports betting. First of all there is a difference between a casual bettor or a professional. A casual bettor shouldn't do more intensive research than studying the last few matches aka the dorm of the team and maybe watch a few matches and know the players and the rankings.

A professional would hunt for odds and try to lock-up a spread Or forum sophisticated programs that pulls the data for each match and provides probabilities that serve as a base for his betting decisions.

[Quidat]

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.

Watching matches for me is not something important, because the most important thing is that we know the news or rumors that are circulating, even though it's only a little information but for sports betting it will really help you to make predictions. So, even if you don't watch the match but you know about the information, it will still be fine, because I personally rarely watch the matches, so even a little information is basically enough for me to make predictions in sports betting.

Any information that would circulate or would come out would neither be helpful or just trash thats why its still important for it to be analyze it first neither you would take it or would just ignore it.When it comes on watching matches then betting is more enjoyable when you do watch the games where you do bet yet you can feel out the thrill when your team is winning or lossing and thats the true essence when you are really make out bets
for you to be entertained but well each gambler is different because not all betting on a specific game does really need for you to watch.

[FlightyPouch]

I dont about how others bet, but analyzing everything seems to me like an overkill. People like that are seriously making money, and made gambling as an online source of income, probably.
But for me, my strategy is simple know the game, teams, and players. Odds is not 100% accurate to predict the winner. I sometimes, even go by instinct and just put money on team that looks strong especially when their in a winstreak.

Yes you're right, unlike casino gambling games, when a sport team (or a single player) is in a winning streak, the chances to win the next contest increase.

Choosing a team with a winning streak will help win the bet and must be helped by your conscience to convince it, and besides that you also have to have accurate knowledge and information about the players, strategies and players who will play or other things and to make sure your choice is right.

Choosing a team with a winning streak is just obvious, it would really increase the chance of you winning the bet but we can't always say that we have the right choice since there are some instances that the underdog wins. With a lot of things to consider, you can't always check the whole team and their players. Usually it starts with they have a winning streak and end up with I am betting on their team, sometimes hype could also influence your betting.

[erikoy]

I get your point, this is somehow like this phrase "THE MORE YOU KNOW, THE MORE YOU DON'T KNOW", if you fet feed up of lots of information but still not hepful and you just wish to only get thr info needed for you to bet. Well, there isn't as we all know tha sometimes even in broadcast speculations are biased. Sometimes they get paid to market the other team for more betting and then will eventually the game was being set by the parties letting the other team win for today and the next match will be your team. See the NBA play off series as an example. I can't bear to imagine how lakers and bucks which is number 1 seed in rank lose game 1 in their match with the rank 8 seed (last rank) of the NBA series. There is what we called manipulating result to earn. Anyway, this is just my opinion and I could not attest all things I have mention is true.

[Degens]

I am a winning sports bettor and know nothing about sports.

I believe the market is highly efficient and all the available information is accounted for in the odds.

My strategy is to use betting exchanges and I offer whatever current market odds are. So I'm getting +105 on what is effectively a coin flip.

[plr]

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?

How about setting up a system for this something like a computer analysis software I don't know if there is one available or you can customize one of your own, from there the AI or artificial intelligence software will just compare and analyze each team, or if you cannot afford one just subscribe to various experts and check everyone's analysis and compare it with yours to come out who will be the winner.

[smyslov]

I think that one needs to have a system for approaching sports betting. First of all there is a difference between a casual bettor or a professional. A casual bettor shouldn't do more intensive research than studying the last few matches aka the dorm of the team and maybe watch a few matches and know the players and the rankings.

A professional would hunt for odds and try to lock-up a spread Or forum sophisticated programs that pulls the data for each match and provides probabilities that serve as a base for his betting decisions.

If Op wants to pursue betting with precision and he wants to make money out of it, since this is a sports betting which needs an intense analysis he can get one program for sports betting he should study the cost or do feasibility study if it is profitable to set up one but this is what professional sports betting bettors do, because it involves a lot of analysis.

[Kemarit]

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?

I do agree with your observation that sometimes too much information in your head will make things complicated to who to bet though. Not just in football or soccer, I think the perfect example is horse racing. Wherein there's a lot of variables to look at and sometimes to much information will make things complicated and overwhelming that it will take you more time to analyze that you are somewhat 'force' to bet and even after the match and specially if you lose, you will see where you got your analysis wrong or what went right. I guess for me is that if I really like the odds and see that it has a high chance of winnings, based on your experience and how you see things turning out, then I simply go with it No need to over complicate things.

[coin-investor]

OP can take this into a money-making hobby is he is serious about it, any endeavour in gambling takes money but if you want to take sports betting seriously you need money and experts advice on how to set up your methods like computer software and associates but if you just want it as something to entertain yourself just subscribe to at least 4 veteran sports betting analysers and compare their analysis.

[Russlenat]

OP can take this into a money-making hobby is he is serious about it, any endeavour in gambling takes money but if you want to take sports betting seriously you need money and experts advice on how to set up your methods like computer software and associates but if you just want it as something to entertain yourself just subscribe to at least 4 veteran sports betting analysers and compare their analysis.

You need all experts advice you can get if you want to pursue gambling for money or investing in sports betting.
Though it's not impossible to succeed, but this isn't an easy journey, you need proper planning and continues to develop your skills and that requires time so you'll likely experience a lot of loses while aiming for consistency, but if you keep improving and you don't give up, you'll surely get your goal here.

[ralle14]

So you are talking of live betting here? Based on my experience, I have more success betting on live than betting on before the game. I think this is good if we have enough time and if we really want to improve our skills in sports betting, then maybe it's just right to invest our time watching live games and betting live.

Yes. I only used live betting as an example since you'll often see both teams become an underdog at one point regardless of the opening odds. It can also be done pre live if you're watching one of tykiwanuka's betting thread you'll see him bet on both side if the markets move the opposite direction.

Unfortunately the method you are doing is very difficult for other people to do because maybe there are still some people who have tried it but it is not suitable and failed, maybe there are still other ways to gamble safely, and of course you must be aware that the risks of playing games are in place. gambling will be like that.

It's difficult to do live because you need to watch the whole game then watch the odds very closely. On top of that you have to follow some proper bankroll management so you don't lose too much if you don't get the right time and odds of both teams.

[DevilSlayer]

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.

Watching matches for me is not something important, because the most important thing is that we know the news or rumors that are circulating, even though it's only a little information but for sports betting it will really help you to make predictions. So, even if you don't watch the match but you know about the information, it will still be fine, because I personally rarely watch the matches, so even a little information is basically enough for me to make predictions in sports betting.

Any information that would circulate or would come out would neither be helpful or just trash thats why its still important for it to be analyze it first neither you would take it or would just ignore it.When it comes on watching matches then betting is more enjoyable when you do watch the games where you do bet yet you can feel out the thrill when your team is winning or lossing and thats the true essence when you are really make out bets
for you to be entertained but well each gambler is different because not all betting on a specific game does really need for you to watch.

When it comes to watching live in sports betting, the enjoyment is much better especially if the both teams are in good condition where the scores are near to each other where it create pressure not only in players but also in audiences and gamblers. The excitement is really different especially if you have high bet because you know that your money is on the line. Knowledge is important when it comes to sports betting, it is also need a good analysis wherein you should really know the team and also the players on what they can do in order for you to come up a information about their strength and weaknesses.

[aioc]

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?

In sports betting the more is better because there are a lot of situations where small details can create a big impact in what or who you are betting to, you should ask first if sports betting is for you, because it involves a lot of time and a lot of analysis, have you seen people in the sports team they have their own analysis team so they can come up with the right strategy, so you are betting in sports betting.

[traderethereum]

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.

Watching matches for me is not something important, because the most important thing is that we know the news or rumors that are circulating, even though it's only a little information but for sports betting it will really help you to make predictions. So, even if you don't watch the match but you know about the information, it will still be fine, because I personally rarely watch the matches, so even a little information is basically enough for me to make predictions in sports betting.

It is why we need to search for many news, info, or rumor from many places because that can help us to decide, especially if we don't have any clue to select which team.
I also often watch the matches because, in the middle of the match, I am slept away and did not watch until the match finished.
If we can collect so much info about the match, I am sure that we can have more potential to choose the right team which can give us the chance to win.
But I think if we can win the match, we will try to place another bet in another match

[Waffen]

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.

[Saint-loup]

I dont about how others bet, but analyzing everything seems to me like an overkill. People like that are seriously making money, and made gambling as an online source of income, probably.
But for me, my strategy is simple know the game, teams, and players. Odds is not 100% accurate to predict the winner. I sometimes, even go by instinct and just put money on team that looks strong especially when their in a winstreak.

Yes you're right, unlike casino gambling games, when a sport team (or a single player) is in a winning streak, the chances to win the next contest increase.

Choosing a team with a winning streak will help win the bet and must be helped by your conscience to convince it, and besides that you also have to have accurate knowledge and information about the players, strategies and players who will play or other things and to make sure your choice is right.

Choosing a team with a winning streak is just obvious, it would really increase the chance of you winning the bet but we can't always say that we have the right choice since there are some instances that the underdog wins. With a lot of things to consider, you can't always check the whole team and their players. Usually it starts with they have a winning streak and end up with I am betting on their team, sometimes hype could also influence your betting.

Yes of course, I agree with you but you have to compare with gambling games. When someone is in a winning streak at a gambling game, his odds to win the next game remain the same while if it is at a non random game, his odds change...

[michellee]

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.

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.