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Author Topic: Do the odds of other outcomes matter to you?  (Read 604 times)
Janation
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December 10, 2020, 10:38:30 AM
 #81

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.

I don't think that is it.

There are a lot of people that are betting their money in these games not just because they wanted to but because they know a team is in favor(higher odds) which also means that they have certain knowledge about the game and the teams. I think they don't just blindly guess but they predict based on what they know.
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December 10, 2020, 11:27:47 AM
 #82

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.

I don't think that is it.

There are a lot of people that are betting their money in these games not just because they wanted to but because they know a team is in favor(higher odds) which also means that they have certain knowledge about the game and the teams. I think they don't just blindly guess but they predict based on what they know.

Yeah, most of those who bet on that kind of team know what they're doing and have their own research before the matches begin. Just like in our local NBA prediction in our local board the other guys who bet on the team they've chosen know what happened to the players on that team and any other updates they know that too. To assure a higher percentage of winning on their bets. 

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December 10, 2020, 11:36:22 AM
 #83

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.

I don't think that is it.

There are a lot of people that are betting their money in these games not just because they wanted to but because they know a team is in favor(higher odds) which also means that they have certain knowledge about the game and the teams. I think they don't just blindly guess but they predict based on what they know.

Yeah, most of those who bet on that kind of team know what they're doing and have their own research before the matches begin. Just like in our local NBA prediction in our local board the other guys who bet on the team they've chosen know what happened to the players on that team and any other updates they know that too. To assure a higher percentage of winning on their bets. 

But seeing the odds of other outcomes can be situational in some aspects. For example, in basketball I fully support Spurs, and many people know that I am a big fan of this team. Whenever this team is in a game, I will full bet on them even though they match against lakers, bucks, or even mavericks.

The statements ^^ are most likely in a bet where you are not in favor for both teams, and just being a gambler.

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December 10, 2020, 12:08:14 PM
 #84

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%.

Excuse me sir, I don't understand how you calculate that? just got a little bit confused how you compute it.
Although, in some other ways I know what you are saying except really only for computation, sorry for being noobs
about it, thank you.
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December 10, 2020, 12:26:17 PM
 #85

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.
That's a separate, but also quite important question about relying on odds vs personal knowledge and gut, and everything associated with it (like betting on unfamiliar vs familiar matches). I think I'll try to make a different discussion about this more general question.

Excuse me sir, I don't understand how you calculate that? just got a little bit confused how you compute it.
Although, in some other ways I know what you are saying except really only for computation, sorry for being noobs
about it, thank you.
I've answered this question in the thread before, and so did others. It's actually a very simple calculation of dividing 100 by the odds, and that's how you get the win chance in percentage (plus the casino's margin since the sum of chances alone would equal 100%).

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December 10, 2020, 12:50:57 PM
 #86

I don't think that is it.

There are a lot of people that are betting their money in these games not just because they wanted to but because they know a team is in favor(higher odds) which also means that they have certain knowledge about the game and the teams. I think they don't just blindly guess but they predict based on what they know.

Yeah, most of those who bet on that kind of team know what they're doing and have their own research before the matches begin. Just like in our local NBA prediction in our local board the other guys who bet on the team they've chosen know what happened to the players on that team and any other updates they know that too. To assure a higher percentage of winning on their bets. 

My friends here watched the finals of PBA and they bet without any research, they support their own team and they bet on which they think is the right one. They don't base it on the odds since they never know the odds, all they know is that the team they are supporting has a great run and all they needed to know is how they play and that would just be it.

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December 10, 2020, 05:45:51 PM
 #87

My friends here watched the finals of PBA and they bet without any research, they support their own team and they bet on which they think is the right one. They don't base it on the odds since they never know the odds, all they know is that the team they are supporting has a great run and all they needed to know is how they play and that would just be it.

Maybe your friends are betting for fun, and just want to show their support to their favorite team by betting on them. Of course, the intentions of gamblers like your friends are different from gamblers who are chasing profit, because for gamblers with profit priority it is likely that they will not bet with heart and will always pay attention to the odds and do some research first.

It's just if their favorite team won the game, then your friends would've taken immeasurable satisfaction because at the same time they also won the bet.

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December 10, 2020, 07:42:41 PM
 #88

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.   

In all the time I've watched football and hockey matches, I've sometimes seen matches where a weak team won against a favorite or played a draw with it. No one wants to risk large amounts of money because of an extremely small odds. Therefore, the size of the odds matters.
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December 10, 2020, 09:48:50 PM
 #89

My friends here watched the finals of PBA and they bet without any research, they support their own team and they bet on which they think is the right one. They don't base it on the odds since they never know the odds, all they know is that the team they are supporting has a great run and all they needed to know is how they play and that would just be it.
It's just if their favorite team won the game, then your friends would've taken immeasurable satisfaction because at the same time they also won the bet.

That is right. They are those kinds of bettors that drink with each other while the game is on and still bet with each other but someone needs to bet against them since they are betting for the same team. If I didn't suggest them to bet on other people they would've been betting on each other for their team to win. Congratulations Barangay Ginebra, its been so long!

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