Sports betting: how much knowledge is too much

[Natalim]

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.

I can only speak of myself. I know a lot about football/soccer because it is a sport that fascinates me, so I bet 99% of my money on football games and no other sports. I have been consistently profitable for a long time (winning 55-60% of my bets). If I happen to bet on other interesting sports (e.g. recent NFL games), I always have a win rate of less than 50%. So I cannot confirm that knowledge does not make a difference. But to be profitable you also need good money and balance management. So knowledge compared with good money management is the key to success.

Gambling is really different than just watching the game and enjoying it because this should be treated as a job, you do your research so your chances of winning will increase. With a lot of sports you can be interested with, you can bet them all but you can't focus in all of them and that will affect your chances of winning, so as for me, I just focus on the league that I know the best and that is basketball especially the NBA.

I am winning of course but not all the time, my goal is just to win most of the time and I'll be profitable as long as I will stay discipline with my bankroll management. So everyone, hopefully you also learn how to manage your bankroll as that is one of the most important factors to succeed in sports betting.

[1713504070]

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[1713504070]

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[1713504070]

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[Ucy]

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.

I can only speak of myself. I know a lot about football/soccer because it is a sport that fascinates me, so I bet 99% of my money on football games and no other sports. I have been consistently profitable for a long time (winning 55-60% of my bets). If I happen to bet on other interesting sports (e.g. recent NFL games), I always have a win rate of less than 50%. So I cannot confirm that knowledge does not make a difference. But to be profitable you also need good money and balance management. So knowledge compared with good money management is the key to success.

Interesting.
I guess this means you a successful bettor.
Well, I think people could actually be successful bettors by betting on things they are interested in or passionate about. I believe the passion will help people to learn easily... they would keep learning, bet, be patient etc. Others are probably attracted mostly by huge bet prizes than the passion for the games

[Betwrong]

~

Also, when you already decided on what to bet, search for the sites where the outcome odds are better(sometimes they vary significantly). This information can be crucial for successful betting.

Of course, go for the sites that offers best betting odds, every percent differences matters especially if you are betting for long term.

That's true, but still it's not a rocket science, which once you've learned it can provide you with some constant income. We should always keep in mind that gambling is for entertainment purposes only. We shouldn't try to make our living from it.

There's always an exemption on this for people who exceptional talent.

There should be no exceptions, that's my point. Even people with exceptional talent, which helps them to win more often than average gamblers, should seek their main income somewhere else than gambling. Read real life stories of lottery jackpot winners, skillful sports bettors and pro poker players. Most of them lose everything they previously won if they continue gambling. That's why the wisest of them stop gambling at some point and start doing something else. Liv Boeree, a former pro poker player is a good example. After earning $3,800,000  in live tournaments she announced that she will quit professional poker.

[michellee]

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.

I can only speak of myself. I know a lot about football/soccer because it is a sport that fascinates me, so I bet 99% of my money on football games and no other sports. I have been consistently profitable for a long time (winning 55-60% of my bets). If I happen to bet on other interesting sports (e.g. recent NFL games), I always have a win rate of less than 50%. So I cannot confirm that knowledge does not make a difference. But to be profitable you also need good money and balance management. So knowledge compared with good money management is the key to success.

Gambling is really different than just watching the game and enjoying it because this should be treated as a job, you do your research so your chances of winning will increase. With a lot of sports you can be interested with, you can bet them all but you can't focus in all of them and that will affect your chances of winning, so as for me, I just focus on the league that I know the best and that is basketball especially the NBA.

I am winning of course but not all the time, my goal is just to win most of the time and I'll be profitable as long as I will stay discipline with my bankroll management. So everyone, hopefully you also learn how to manage your bankroll as that is one of the most important factors to succeed in sports betting.

For some people, gambling can be treated as a job, but for the other I don't think they will use gambling as a job. My suggestion in sports gambling will be to select the sports you know and familiar with because that can give you a chance to choose the right team to place the bet. Besides that, with collecting more data from many sources, you can have more chance to win on that bet. But you should think about how if the situations changed, so you can make another strategy to win.

[tyz]

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.

I can only speak of myself. I know a lot about football/soccer because it is a sport that fascinates me, so I bet 99% of my money on football games and no other sports. I have been consistently profitable for a long time (winning 55-60% of my bets). If I happen to bet on other interesting sports (e.g. recent NFL games), I always have a win rate of less than 50%. So I cannot confirm that knowledge does not make a difference. But to be profitable you also need good money and balance management. So knowledge compared with good money management is the key to success.

Interesting.
I guess this means you a successful bettor.
Well, I think people could actually be successful bettors by betting on things they are interested in or passionate about. I believe the passion will help people to learn easily... they would keep learning, bet, be patient etc. Others are probably attracted mostly by huge bet prizes than the passion for the games

Well, you can see it this way, if one has a win rate of > 50% I have been profitable in betting in the long run for a while now. In the short term, of course, there can also be a bad phase. From time to time I post my bets in previous, for example my Premier League bets for last weekend where I had four of four bets set correctly*. As I wrote, success in betting is not about luck, its about knowledge and money management.

*Please don't follow my bets. If you do it anyway and lose money, it is your fault.

[Viscore]

Knowledge is somewhat an advantage to choose whos probably win but I don't think there is a method to help increase our chances to win. Because for me, I usually considered the odds especially when both players or teams are good, and I notice that the result is just 50/50.

In sports betting, not all of these things will help you out from losing, it surely it got you sometimes. You might win today and you might also lose in the next bet. We all not be a lucky person all the time.

[Ucy]

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.

I can only speak of myself. I know a lot about football/soccer because it is a sport that fascinates me, so I bet 99% of my money on football games and no other sports. I have been consistently profitable for a long time (winning 55-60% of my bets). If I happen to bet on other interesting sports (e.g. recent NFL games), I always have a win rate of less than 50%. So I cannot confirm that knowledge does not make a difference. But to be profitable you also need good money and balance management. So knowledge compared with good money management is the key to success.

Interesting.
I guess this means you a successful bettor.
Well, I think people could actually be successful bettors by betting on things they are interested in or passionate about. I believe the passion will help people to learn easily... they would keep learning, bet, be patient etc. Others are probably attracted mostly by huge bet prizes than the passion for the games

Well, you can see it this way, if one has a win rate of > 50% I have been profitable in betting in the long run for a while now. In the short term, of course, there can also be a bad phase. From time to time I post my bets in previous, for example my Premier League bets for last weekend where I had four of four bets set correctly*. As I wrote, success in betting is not about luck, its about knowledge and money management.

*Please don't follow my bets. If you do it anyway and lose money, it is your fault.

Ofcourse! Almost thesame rate in Crypto trading in order to be considered a successful trader... People would sometimes say it is impossible to be a successful trader, but when you do your learning and research (talent also helps), you discover it's not that difficult to be profitable. So I can relate with the experience. 

* I'm not really that interested in sport-betting yet. I will probably try betting in other areas i won't abandon easily due to unprofitablity or lack of interest.

[tyz]

Ofcourse! Almost thesame rate in Crypto trading in order to be considered a successful trader... People would sometimes say it is impossible to be a successful trader, but when you do your learning and research (talent also helps), you discover it's not that difficult to be profitable. So I can relate with the experience. 

* I'm not really that interested in sport-betting yet. I will probably try betting in other areas i won't abandon easily due to unprofitablity or lack of interest.

Yes, I need to add that the win rate alone does not tell much. That's why I stress balance/money management so much to be successfull.

To explain, I take the following example:

Bet A won # Stake 1mBTC # Odds 1.5 # Profit 0.5 mBTC
Bet B won # Stake 1mBTC # Odds 1.3 # Profit 0.3 mBTC
Bet C lost # Stake 1mBTC # Odds 2.1 # Profit -1.0 mBTC

There you have a win rate of 66%. Wow, amazing! But your overall profit is -0.2mBTC.

[Questat]

~

Also, when you already decided on what to bet, search for the sites where the outcome odds are better(sometimes they vary significantly). This information can be crucial for successful betting.

Of course, go for the sites that offers best betting odds, every percent differences matters especially if you are betting for long term.

That's true, but still it's not a rocket science, which once you've learned it can provide you with some constant income. We should always keep in mind that gambling is for entertainment purposes only. We shouldn't try to make our living from it.

There's always an exemption on this for people who exceptional talent.

There should be no exceptions, that's my point. Even people with exceptional talent, which helps them to win more often than average gamblers, should seek their main income somewhere else than gambling. Read real life stories of lottery jackpot winners, skillful sports bettors and pro poker players. Most of them lose everything they previously won if they continue gambling. That's why the wisest of them stop gambling at some point and start doing something else. Liv Boeree, a former pro poker player is a good example. After earning $3,800,000  in live tournaments she announced that she will quit professional poker.

That's just some of the gamblers, well, let's say they made a good decision to quit but winning in gambling in sports betting where you made a successful journey slowly until you become consistent, I think it's not worth quitting. I also heard some stories that there are people who are still gambling now and successful in sports betting because they treated sports betting as their job.

Winning in lottery is some kind of exemption, that's a pure luck, I'm talking of real talent here where can deliver you consistent successful, not winning all the time but "profit - loses = net profit (+)"... that's computation. 

[Inkdatar]

Knowledge is somewhat an advantage to choose whos probably win but I don't think there is a method to help increase our chances to win. Because for me, I usually considered the odds especially when both players or teams are good, and I notice that the result is just 50/50.

In sports betting, not all of these things will help you out from losing, it surely it got you sometimes. You might win today and you might also lose in the next bet. We all not be a lucky person all the time.

Having a knowledge when betting it gives also a guides everytime we bet, but we cannot say we can win all the time.  Sports betting is supposed to be for fun but some treated it to make money. There is always needs for luck in order for us to win so somehow the chance of winning when you learn and get data from the team you are placing bets is not hundred percent so indeed that's 50/50 the outcomes.

[maydna]

Having a knowledge when betting it gives also a guides everytime we bet, but we cannot say we can win all the time.  Sports betting is supposed to be for fun but some treated it to make money. There is always needs for luck in order for us to win so somehow the chance of winning when you learn and get data from the team you are placing bets is not hundred percent so indeed that's 50/50 the outcomes.

I think it is okay if we can win for some time in the sports betting, and we can stop to gamble after that 3 times to enjoy the win money. In all of the gambling games supposed to be for fun and not for a source of income, we need to search for other ways to make money. Before we play gambling, the percentage will be 50/50, but after we get inside to the games, the rate can be high or low depending on our knowledge. If we have much information about the games and the teams, we can get a high percentage to win, so that can give us a chance to win.

[Pamadar]

Knowledge is somewhat an advantage to choose whos probably win but I don't think there is a method to help increase our chances to win. Because for me, I usually considered the odds especially when both players or teams are good, and I notice that the result is just 50/50.

In sports betting, not all of these things will help you out from losing, it surely it got you sometimes. You might win today and you might also lose in the next bet. We all not be a lucky person all the time.

Not every time but with knowledge you are giving yourself a much better chance.

Choosing the games and the players or teams are much easier if you have a good knowledge with the games that you
are participating, you are also giving yourself much lesser worries unless shits happened and frustrates you up.

[swogerino]

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.

I can only speak of myself. I know a lot about football/soccer because it is a sport that fascinates me, so I bet 99% of my money on football games and no other sports. I have been consistently profitable for a long time (winning 55-60% of my bets). If I happen to bet on other interesting sports (e.g. recent NFL games), I always have a win rate of less than 50%. So I cannot confirm that knowledge does not make a difference. But to be profitable you also need good money and balance management. So knowledge compared with good money management is the key to success.

Interesting.
I guess this means you a successful bettor.
Well, I think people could actually be successful bettors by betting on things they are interested in or passionate about. I believe the passion will help people to learn easily... they would keep learning, bet, be patient etc. Others are probably attracted mostly by huge bet prizes than the passion for the games

I think it would still not work to make you a profitable bettor in the long run.However I agree with you that anything done with passion,done consistently and the person is reading everyday about this subject this greatly enchance the possibilty to be more of a winner than a loser but not always.

[Betwrong]

~

Also, when you already decided on what to bet, search for the sites where the outcome odds are better(sometimes they vary significantly). This information can be crucial for successful betting.

Of course, go for the sites that offers best betting odds, every percent differences matters especially if you are betting for long term.

That's true, but still it's not a rocket science, which once you've learned it can provide you with some constant income. We should always keep in mind that gambling is for entertainment purposes only. We shouldn't try to make our living from it.

There's always an exemption on this for people who exceptional talent.

There should be no exceptions, that's my point. Even people with exceptional talent, which helps them to win more often than average gamblers, should seek their main income somewhere else than gambling. Read real life stories of lottery jackpot winners, skillful sports bettors and pro poker players. Most of them lose everything they previously won if they continue gambling. That's why the wisest of them stop gambling at some point and start doing something else. Liv Boeree, a former pro poker player is a good example. After earning $3,800,000  in live tournaments she announced that she will quit professional poker.

That's just some of the gamblers, well, let's say they made a good decision to quit but winning in gambling in sports betting where you made a successful journey slowly until you become consistent, I think it's not worth quitting. I also heard some stories that there are people who are still gambling now and successful in sports betting because they treated sports betting as their job.

Winning in lottery is some kind of exemption, that's a pure luck, I'm talking of real talent here where can deliver you consistent successful, not winning all the time but "profit - loses = net profit (+)"... that's computation.  

I think I understand what you mean:  it is a good decision to quit after some good winnings in luck based games, such as lottery, slots etc., but in skill-based betting, like sports betting, it's better to not quit, because your skills only improve with time. There is a logic behind such a reasoning, but I personally disagree with it. Let me explain. Liv Boeree, from my post above, could also think that it was better to continue playing(luck plays big part in poker, but that part is not greater than that in sports betting), and yet she decided to quit, which I think was the right decision.

With all that being said, no one is insisting on quitting completely. If you love sports betting, you can keep on doing it. You just have to stop treating it as a money-making business.

[Questat]

~

Also, when you already decided on what to bet, search for the sites where the outcome odds are better(sometimes they vary significantly). This information can be crucial for successful betting.

Of course, go for the sites that offers best betting odds, every percent differences matters especially if you are betting for long term.

That's true, but still it's not a rocket science, which once you've learned it can provide you with some constant income. We should always keep in mind that gambling is for entertainment purposes only. We shouldn't try to make our living from it.

There's always an exemption on this for people who exceptional talent.

There should be no exceptions, that's my point. Even people with exceptional talent, which helps them to win more often than average gamblers, should seek their main income somewhere else than gambling. Read real life stories of lottery jackpot winners, skillful sports bettors and pro poker players. Most of them lose everything they previously won if they continue gambling. That's why the wisest of them stop gambling at some point and start doing something else. Liv Boeree, a former pro poker player is a good example. After earning $3,800,000  in live tournaments she announced that she will quit professional poker.

That's just some of the gamblers, well, let's say they made a good decision to quit but winning in gambling in sports betting where you made a successful journey slowly until you become consistent, I think it's not worth quitting. I also heard some stories that there are people who are still gambling now and successful in sports betting because they treated sports betting as their job.

Winning in lottery is some kind of exemption, that's a pure luck, I'm talking of real talent here where can deliver you consistent successful, not winning all the time but "profit - loses = net profit (+)"... that's computation.  

I think I understand what you mean:  it is a good decision to quit after some good winnings in luck based games, such as lottery, slots etc., but in skill-based betting, like sports betting, it's better to not quit, because your skills only improve with time. There is a logic behind such a reasoning, but I personally disagree with it. Let me explain. Liv Boeree, from my post above, could also think that it was better to continue playing(luck plays big part in poker, but that part is not greater than that in sports betting), and yet she decided to quit, which I think was the right decision.

With all that being said, no one is insisting on quitting completely. If you love sports betting, you can keep on doing it. You just have to stop treating it as a money-making business.

That's definitely my point, but unlike you, I won't quit, we have different principle in gambling.
If I am making money, why would I stop? This is a skilled based game and I have already seen the result, so why resist to continue making money?

[South Park]

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.

I can only speak of myself. I know a lot about football/soccer because it is a sport that fascinates me, so I bet 99% of my money on football games and no other sports. I have been consistently profitable for a long time (winning 55-60% of my bets). If I happen to bet on other interesting sports (e.g. recent NFL games), I always have a win rate of less than 50%. So I cannot confirm that knowledge does not make a difference. But to be profitable you also need good money and balance management. So knowledge in combination with good money management is the key to success.

This is another good point and it is something that happens in trading as well, it is very common to find people that actually have winning strategies and yet they are long term losers, and we need to wonder why? And the reason for this is their poor money management skills, you could accurately predict who is going to win or lose a game but if you bet too much money on each single bet a negative streak can be enough to wipe out your account.

[bitbunnny]

Knowledge is somewhat an advantage to choose whos probably win but I don't think there is a method to help increase our chances to win. Because for me, I usually considered the odds especially when both players or teams are good, and I notice that the result is just 50/50.

In sports betting, not all of these things will help you out from losing, it surely it got you sometimes. You might win today and you might also lose in the next bet. We all not be a lucky person all the time.

Not every time but with knowledge you are giving yourself a much better chance.

Choosing the games and the players or teams are much easier if you have a good knowledge with the games that you
are participating, you are also giving yourself much lesser worries unless shits happened and frustrates you up.

Yes, knowledge gives you better chances and self confidence and that is good. In sports betting you can always use your knowledge in good way but unfortunately you can't rely only on that.
With some knowledge you also have the feeling that you risk less but sometimes that can be misleading and that will not help you winning all the time.

[Lanatsa]

Knowledge is somewhat an advantage to choose whos probably win but I don't think there is a method to help increase our chances to win. Because for me, I usually considered the odds especially when both players or teams are good, and I notice that the result is just 50/50.

In sports betting, not all of these things will help you out from losing, it surely it got you sometimes. You might win today and you might also lose in the next bet. We all not be a lucky person all the time.

Not every time but with knowledge you are giving yourself a much better chance.

Choosing the games and the players or teams are much easier if you have a good knowledge with the games that you
are participating, you are also giving yourself much lesser worries unless shits happened and frustrates you up.

Frustrations is always been part of the game yet we know that results or outcomes aren't guaranteed that's why when there are games that we are quite sure that we do win but there are instances
that things do changes up in result to sudden lose instead and that really sucks but its part of the game.

Having knowledge is much more better rather than on playing without any information or doesn't have any idea on what games you've been dealing.Knowledge is required and its not
really that bad for you to have much because it will always be residing on your part to be on that advantageous one.

[imstillthebest]

shits happened and frustrates you up.

Frustrations is always been part of the game yet we know that results or outcomes aren't guaranteed that's why when there are games that we are quite sure that we do win but there are instances
that things do changes up in result to sudden lose instead and that really sucks but its part of the game.

frustration doesnt come out in the game but we people are creating it . there are people that can control them self and no frustrations coming out from them . at the end of the day , what your playing is gambling so dont act like you do know everything because expectation can lead to frustruations .

  i dont like when i loose and become frustrated at the same time , thats why i try to be chill when gambling and i already expect the unexpected if ever it comes .

[maydna]

shits happened and frustrates you up.

Frustrations is always been part of the game yet we know that results or outcomes aren't guaranteed that's why when there are games that we are quite sure that we do win but there are instances
that things do changes up in result to sudden lose instead and that really sucks but its part of the game.

frustration doesnt come out in the game but we people are creating it . there are people that can control them self and no frustrations coming out from them . at the end of the day , what your playing is gambling so dont act like you do know everything because expectation can lead to frustruations .

  i dont like when i loose and become frustrated at the same time , thats why i try to be chill when gambling and i already expect the unexpected if ever it comes .

Frustrations will become the biggest problem for the gambler who chase the winning. People who lose much money will feel frustrated, and they will be desperate to think about winning the games. If they can't control themselves, the feeling will become bigger, and once it blows up, they can ruin their lives and make other people in danger. Playing gambling doesn't need to be serious because gambling is just for fun, and you need to treat gambling as a fun thing in your free time. If you are trying to serious in gambling without having control, you can lose the money in a short time.

And not just in sports betting that can make you frustrated, it's happened to all gambling games. So if you feel that you can't gather any information about the game, perhaps, you need to leave it and search for the other match. But yes, knowledge will be an important thing to win in sports betting.