Do the odds of other outcomes matter to you?

[crzy]

I don’t spend much time searching for the odds because it will take time and I usually bet on the winning team for me or anyone who has the advantage on the fight based on his history. Anyway, computing for the odds on the other outcome is fine just make sure you know exactly how to do it and make sure you don’t feel bad if you bet on the wrong side.

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[michellee]

It is better to small win than nothing. At least, we still make money from gambling, and maybe we can win more on the other days. We don't have to continue playing gambling if we think that our luck is gone because if we still insist on playing gambling for more, we will not get that winning, but we will lose the win money plus our money. It is not better to risk ourselves to get more losses because we don't know how long we can survive. If you win some money from those games, just remember that the next round will not always give you a chance to win more money.

But do really gamblers contented in small wins?though i believe that this is depend on what Gambling are we performing  but For a gambler that also fan of that game or team yeah small wins means a lot because aside from supporting his team he also gather some amount considering that the win itself is a good thing that happens that day.

Of course not, but that will be better if they win small money rather than losing all money because of greed. No matter what gambling games we performed, we don't have many chances to win, so we should save win money, even if that is only a little money. If you don't satisfy with the small wins, you can still play gambling longer, but the consequences of losing your money will bigger. So before you have another loss, I think you might be considered to save those win money, and not think to play for other rounds. But when we can win any amount, our feeling to have another winning will become bigger, which can attract us to play more.

[rodskee]

I don’t spend much time searching for the odds because it will take time and I usually bet on the winning team for me or anyone who has the advantage on the fight based on his history. Anyway, computing for the odds on the other outcome is fine just make sure you know exactly how to do it and make sure you don’t feel bad if you bet on the wrong side.

In our time now we have no need to Look for our self because Odds are given already from the gambling sites or someone Good on that game via internet so it is not a waste of time instead they are luring bettor in to whom is advantageous .

But also it is Much better if we will Look into their history and capacity  same as the opponent to evaluate their characteristics and who will be the higher odds and whos not,from this we can decide together with our instincts.

[pecson134]

I'm not sure how to explain my question properly, but it's just something I noticed that seems to matter to me in sports betting. So imagine match A and match B with the odds of the likeliest winner being approximately the same (say, 1.5). But in match A, the other two outcomes in 1x2 are also pretty likely (3.1 and 2.8, for instance), whereas in match B they are way less likely (5.2 and 6.5). So if you choose to bet on the likeliest winner, and the odds for that in match A and match B are very similar, does it matter to you what are the odds of other outcomes? I chose a couple of real examples to illustrate my point, although they are not perfectly similar and the odds are a bit different, but I hope you'll get what I'm talking about.
Here are the odds on Sportsbet.io for Chelsea vs Leeds United:

And there are the odds for Tottenham Hotspur vs Royal Antwerp:


The odds on the likeliest winner are almost the same, but other outcomes are a bit more likely in the first match than in the second (even accounting for the 0.1 difference in the odds).
So when you are placing bets, does this difference between the odds of the favorite and other outcomes matter to you?

Knowing the odds of all options gives us a better view on what we should be picking and we can had a better chance on winning any bet. It is like an analytical way of determining the best possible outcome of the events. I strongly believe that it goes the same with other games with the same format.

[Ucy]

I don’t spend much time searching for the odds because it will take time and I usually bet on the winning team for me or anyone who has the advantage on the fight based on his history. Anyway, computing for the odds on the other outcome is fine just make sure you know exactly how to do it and make sure you don’t feel bad if you bet on the wrong side.

I wouldn't too. I think I'd prefer to determine the  chances by myself than just relying on the odds used by betting sites. I believe the extra effort would give experienced bettors edge over those that rely only on the sites odds to win their bets

[kryptqnick]

I would like to know how each house chooses its "favorites" ... is it just a mathematical probabilities?

I sincerely prefer to do my own analysis and ignore the "favorite", besides giving me a bigger reward I'm betting on what I believe, not just the most likely.

But I tend to lose bets almost always, so don't let my opinion influence you

Odds are not just favorites, its likely the team to win as well because sport bettors prefer to bet on the better team more that is why they get lower odds but likeliest doesn't mean it is going to happen all the time. So you need to move out from your favourite if you want to win because the likeliest to win the match could be even the opponents of your favourite team playing.

It's true that the odds signify who most think will win, I believe. However, it doesn't mean that the team with the lowest odds usually wins because in that case sports betting would be so simple: just always bet on the lowest odds and gather your profits. I tried basing my predictions about the winners on the lowest odds, but it will give a success rate of 45% in my experience, which means that you're losing overall. So it's important to take many things into considerations, and for those who are experts in the field they're betting on, it's probably better to rely on their knowledge more than on odds.

Doesn't really matter what the odds for the other outcomes are, since you should only look at the odds for the outcome you want to bet on. If we make probabilities out of the odds for Chelsea game, we have this:

Chelsea -> 1.46 = 68.49%
Draw -> 4.70 = 21.28%
Leeds -> 5.68 = 17.61%

This totals up to 107.38%, so Sportsbet's vig is 7.38% in this market.

Now if you consider to bet on Chelsea, the only thing you should look at is the 68.49%. If you think Chelsea has a higher probabilty of winning than that, you should bet on them. If you think it's lower, then not and you can probably check for draw/Leeds, if there is some value there. So, if you give Leeds 25%, then you should bet on them instead.

The hard thing is to calculate your own probabilities. The good thing though is, that you don't need precise numbers, you just need to figure out, if it's higher/lower than 68.49%.

How did it turn to 68.49%, i'm really not familiar with how do they calculate the favourite teams in a gambling platform.

It was explained later in other posts. It's 100 divided by 1.46 (I mean 100/1.46=68.49).

[onrise]

Prefer to bet on the teams or players of whom I know and have done some research about their chances of winning as against their opponent and accordingly only do place the bets. For other events odds may be high but if without knowing anything just placing the bets on such things is like blindly guessing it without having any clue which I avoid it. Only if for other higher odds I am sure about the team winning chances and can place bet on just 1 of the games then I would choose with higher odds.

[RokokGudangGaram]

Prefer to bet on the teams or players of whom I know and have done some research about their chances of winning as against their opponent and accordingly only do place the bets. For other events odds may be high but if without knowing anything just placing the bets on such things is like blindly guessing it without having any clue which I avoid it. Only if for other higher odds I am sure about the team winning chances and can place bet on just 1 of the games then I would choose with higher odds.

Research is a must. I like what you said, and I agree with you. Odds are helpful especially that in gambling we are also doing things with and out of luck but knowing things of course also helps a lot. And so, research should come first then consider and weigh in the odds in the match.

[Findingnemo]

I would like to know how each house chooses its "favorites" ... is it just a mathematical probabilities?

I sincerely prefer to do my own analysis and ignore the "favorite", besides giving me a bigger reward I'm betting on what I believe, not just the most likely.

But I tend to lose bets almost always, so don't let my opinion influence you

Odds are not just favorites, its likely the team to win as well because sport bettors prefer to bet on the better team more that is why they get lower odds but likeliest doesn't mean it is going to happen all the time. So you need to move out from your favourite if you want to win because the likeliest to win the match could be even the opponents of your favourite team playing.

It's true that the odds signify who most think will win, I believe. However, it doesn't mean that the team with the lowest odds usually wins because in that case sports betting would be so simple: just always bet on the lowest odds and gather your profits. I tried basing my predictions about the winners on the lowest odds, but it will give a success rate of 45% in my experience, which means that you're losing overall. So it's important to take many things into considerations, and for those who are experts in the field they're betting on, it's probably better to rely on their knowledge more than on odds.

Games with more easy predictions normally have lower odds which gives lower rewards even if we win the bet that is why I said it is not worth to take surxh rewards for very small rewards. My strategy is to bet on games with higher odss and lower bets so even if you lose the amount you are going to lose is very small but if you win the game then awards will be higher still the strategies will keep changes with every individual

[South Park]

Thanks for sharing the calculations and introducing (if I got it right) another important thing: the bet margin. Of course, the odds aren't "pure" and there's some interest of the casino there with that part that goes over 100%. However, I fail to see how the first match differs from the second match in this aspect. Or is the point that the difference between outcomes is insignificant in comparison with the margin?

Tottenham vs Royal Antwerp would go like this (right?):
73.5+19.6+14.2=107.3 (approximately)

So the margin's the same in these cases, but the odds of the outcomes are still further apart in the second case, correct?

This is a factor that you also need to consider when you are making your bets, as a sports bettor if you have two very similar bets but in one of the bets the house edge of the casino is significantly lower then always go for the lower house edge, why? Because it is easier to beat as a sport bettor, most people never think about it but in many casino games there are some bets with awful odds while there are some with great odds, so try to take the best possible odds and lines whenever possible.

[24Kt]

Prefer to bet on the teams or players of whom I know and have done some research about their chances of winning as against their opponent and accordingly only do place the bets. For other events odds may be high but if without knowing anything just placing the bets on such things is like blindly guessing it without having any clue which I avoid it. Only if for other higher odds I am sure about the team winning chances and can place bet on just 1 of the games then I would choose with higher odds.

Same here. Though I am not a regular bettor in sports, I only select those matches that I am familiar with and the team involved with it. I will check the odds but in the end, I only care for the odds where I bet of. Because if I will spend time analyzing the other odds, I will get a headache thinking of these things. So I prefer to just take care of my own business and not think too much of others.

[Wawa2013]

Right now I only bet on the favorite team, so I don't care about the odds of other outcomes. Because in sports betting there are
always surprises even though it has higher odds, the results are sometimes beyond expectations. Because in the end the final result
depends on everyone's luck. So, not always higher odds give a bigger chance to win. Sometimes a strong team can be defeated by
a weak team, that's what makes sports betting interesting.

[maydna]

Prefer to bet on the teams or players of whom I know and have done some research about their chances of winning as against their opponent and accordingly only do place the bets. For other events odds may be high but if without knowing anything just placing the bets on such things is like blindly guessing it without having any clue which I avoid it. Only if for other higher odds I am sure about the team winning chances and can place bet on just 1 of the games then I would choose with higher odds.

Research is a must. I like what you said, and I agree with you. Odds are helpful especially that in gambling we are also doing things with and out of luck but knowing things of course also helps a lot. And so, research should come first then consider and weigh in the odds in the match.

Both of you are right. I agree with you. The first thing that we need to do before placing the bet is research. The research will help us determine which team or player has higher odds to win, so we can choose them to bet. But sometimes, even if that team has higher odds, it doesn't mean that the team will have a bigger chance to win as we know that everything can happen in gambling games. But if we really know which team has a chance to win and already research them, perhaps, we can choose them and place the bets.

[jademaxsuy]

Yes, it does a factor when you bet especially if the gap.of the odds is high and there will be an assurance to win in the match or game depending on how you bet and what type of bet you will going to do.

Anyway, the best thing to do when you bet is to make a good choice whether you are chosing the low or high odds if your instinct tells you what to bet and that you think it may happen and that you will going to win then go for it.

[bitterguy28]

Yes, it does a factor when you bet especially if the gap.of the odds is high and there will be an assurance to win in the match or game depending on how you bet and what type of bet you will going to do.

Sorry to break this mate but remember in gambling even in sports there is no such word as "Assurance" until the game ends,because no matter how Big are the Odds is the decision will be in the end game.
Though big factor odds is yet sometimes wins comes to the other side so never expect assurance in gambling.

Anyway, the best thing to do when you bet is to make a good choice whether you are chosing the low or high odds if your instinct tells you what to bet and that you think it may happen and that you will going to win then go for it.

Indeed Instinct really add chances, better to do our own home works,search for what is the advantage of both parties then analyze the opportunities.

[Hypnosis00]

The result is quite different in you are considering the ODDs. It is important to have some basis when you are betting, it is not really hard and time-consuming coz by simply looking into each team who are scheduled we already know who has a big chance to win, and mostly I found out is that higher odds have a lower chance to win. That I usually check on it and it was on the site you are betting. But of course, this will not give you an assurance for a 100% winning bet, sometimes it went wrong.

[Sanitough]

Doesn’t matter that much for me tbh, as I’m only betting on the event I am interested in and made my research with it, so it’s highly probable that even if the other event’s odds are juicier and brings more value, I would still not do it. That’s responsible betting and not something that should be thought about too much IMO. Most bettors bet on different events they know nothing about just because the odds are too good to pass. More often than not, they get their red slips and losses which is easily preventable if they just stuck with the event they know well enough to bet some actual money on.

Some bettors only bet on one event, the game they love to watch and bet at the same time, so other odds doesn't really matter, unless it's the same game and offered by other websites, I'll definitely go with the site that offers the best odds.

[Ucy]

Prefer to bet on the teams or players of whom I know and have done some research about their chances of winning as against their opponent and accordingly only do place the bets. For other events odds may be high but if without knowing anything just placing the bets on such things is like blindly guessing it without having any clue which I avoid it. Only if for other higher odds I am sure about the team winning chances and can place bet on just 1 of the games then I would choose with higher odds.

I would do thesame thing (research the teams) if I consider that my method of determining the odds could be better than what others have determined for us. I guess that's part of the reason many don't bother doing the research themselves... they blindly guess.

[carlisle1]

Of course not, but that will be better if they win small money rather than losing all money because of greed.

if you engaged in gambling Small wins does not matter at all because they tend to search bigger and bigger wins to make themselves contented.

But those Occasional gamblers is happy enough when win small amount.

 No matter what gambling games we performed, we don't have many chances to win, so we should save win money, even if that is only a little money. If you don't satisfy with the small wins, you can still play gambling longer, but the consequences of losing your money will bigger. So before you have another loss, I think you might be considered to save those win money, and not think to play for other rounds. But when we can win any amount, our feeling to have another winning will become bigger, which can attract us to play more.

The totality of gambling in general will always take our money that is why if we have chances make the best of it.so in some point we felt like success.

[bitbollo]

It doesn't matter the odds since you're betting for a specific match.
but if you know very well teams and are you enough confident, it could be possible get an advantage of the odds.
since an odds is a "probability", if you see an even that has an HIGHER odds respect what you can expect in that time, you have gained an advantage vd the bookie. if you're lucky enough = win the odds. in some cases it could be possible put a lay bet on exchange and get a quick/small profit.