Do you rely on the odds when placing bets?

[Noctis Connor]

Odds are created as a guide if we are picking the right bet that will likely to win the game but it's not 100% accurate you can follow all of it them or you can follow some of it, odds are good if you know the game very much and you can come your own list of winners and you can compare it.

It is true that it was a simple guide for those who are advantage on winning the game but to be honest when in sports betting odds doesn't matter because as you can see in sports everything can happen and some of team can perform a miracle win it is just for you to decide which team are you going to support with your bets to be honest some odds are just my guide to compare it into another gambling sites and if i look it really good then im going to place my bet there.

[Twentyonepaylots]

As for me, I always take into account every possible factor that might affect my winnings, I know gamblings are basically game of chance in its very core but if I can tip the scales to my favor in a way or another, I'm willing to o the extra work. Going back to that, checking the odds and doing the maths may take you a while, but it always end up in you making a very educated guess regarding your bet, so far with this method, I have only lost twice.

I don't rely in crowd favourites, i bet with match history and team roster because sometimes the favourite loses and the underdogs win.
Sport is a tricky one to speculate because there are times when they're not into game mood that end up in a lose due to that.

An educated guess, take into account all of the possible factors that may give the win to this team so you can bet on them, betting on the underdog or the guy with multiple winning streaks is just baseless and would not get you so far.

[Oilacris]

Odds are created as a guide if we are picking the right bet that will likely to win the game but it's not 100% accurate you can follow all of it them or you can follow some of it, odds are good if you know the game very much and you can come your own list of winners and you can compare it.

It is true that it was a simple guide for those who are advantage on winning the game but to be honest when in sports betting odds doesn't matter because as you can see in sports everything can happen and some of team can perform a miracle win it is just for you to decide which team are you going to support with your bets to be honest some odds are just my guide to compare it into another gambling sites and if i look it really good then im going to place my bet there.

You wont really able to change up someones mind not to bet into those favorites even though this isnt a solid indicator but most likely when odds are
clear on whose been favored to win then that will most likely to win but as a said that not all will really follow the line.

Lots of chances that underdogs beats up the favorites and for those who do bet oppositely or against will definitely make up some bucks basing off the odds
or multipliers.

Relying isnt bad but be sure that you do really make out some considerations because one lost will definitely need several wins for you to break even
and that would really be even a hassle thing to do so.

[Silberman]

Sometimes odds become a diversion for me personally and I don't know if it is felt by others, because high or low odds sometimes make my bet change from the original intention. It's hard for me to be in the minority so when looking at the odds that are so unequal, at least I'm not sure about going against the majority. It is just a personal experience that I have felt until now, because relying on knowledge and other factors still does not guarantee consistency if we don't have high self-confidence, because this can change when looking at the odds.

Personally I think that is the way you are supposed to gamble if you want to become a successful bettor, you cannot make your bets without considering the odds, if you want to bet on a team but then you realize that team is too heavily favoured to your tastes then it makes sense to take the other side of the bet even if the chances of you winning your bet are lower since you will be paid more for it, as gamblers we need to always look for the best deal possible similar to what we will do if we saw the same TV being sold in different stores at different prices, if there is no difference between the TVs then you should get the cheaper one and keep the difference in your pocket.

[n0ne]

Myself used to spend on sports events in which I've got good knowing about the players and the winning probabilities. It is always good to go with the lower odds for winning, but this fails when both the teams are almost same in performance. For this reason we need to choose the odds on different levels of analysing about its previous games and also should have alternate betting plans to minimize loss if things didn't worked as predicted.

[Kelvinid]

Myself used to spend on sports events in which I've got good knowing about the players and the winning probabilities. It is always good to go with the lower odds for winning, but this fails when both the teams are almost same in performance. For this reason we need to choose the odds on different levels of analysing about its previous games and also should have alternate betting plans to minimize loss if things didn't worked as predicted.

That is also what I've experienced, you can't still be sure whose gonna win when both players are good. I use to put my bet just like you (lower odds) coz it was the favorite of the game but this never you a ticket to win, only luck can help it. Even the result is 50/50 (win/lose), but I'm still using this strategy. Well, of course, changes can be also happening especially when you are betting on your favorite team. It could be the underdog or not, usually we give support for them and even in an individual event.

[Fredomago]

Odds are created as a guide if we are picking the right bet that will likely to win the game but it's not 100% accurate you can follow all of it them or you can follow some of it, odds are good if you know the game very much and you can come your own list of winners and you can compare it.

It is true that it was a simple guide for those who are advantage on winning the game but to be honest when in sports betting odds doesn't matter because as you can see in sports everything can happen and some of team can perform a miracle win it is just for you to decide which team are you going to support with your bets to be honest some odds are just my guide to compare it into another gambling sites and if i look it really good then im going to place my bet there.

You need to  work with your knowledge in order to have a much better chance to win, gamblers who's taking this venue as source of additional funds are working seriously. Gathering all information that may help them to have an extra edge to win. It's not easy though as you need to make sure that you are learning from each time you places your bet and try to consisntently repeats from time to time.

[coin-investor]

I've recently created a discussion about the odds of various outcomes and the gaps between the likely winner and other options, but some replies raised another questions that I believe is worthy of being discussed. When placing bets on sports, I rely heavily on the odds, especially if someone has a very high probability of winning

What do you follow when you are betting on sports: is it the odds or your knowledge and experience? Or maybe you're one of those people who bet on the favorite team or perhaps follows a gut? Do odds even matter to you? If yes, how important are they for your final decision?

Odds are validation that your analysis about a given match is correct but odds are not absolute and so does your game plan, the end result is the one that matters, you cannot ignore odds everybody and everyone is looking at it, you always want to look on who has a better chances of winning, even if you are not betting and you are just following a game.

[maydna]

Myself used to spend on sports events in which I've got good knowing about the players and the winning probabilities. It is always good to go with the lower odds for winning, but this fails when both the teams are almost same in performance. For this reason we need to choose the odds on different levels of analysing about its previous games and also should have alternate betting plans to minimize loss if things didn't worked as predicted.

When both teams are almost the same in performance, that will make us difficult to select. We will usually choose the team that we already know has the best performance in the match before. Although that does not guarantee us to choose the right winner, we can hope to choose the right team.

If we want to choose the team, make sure your data is valid, and you don't get the data from other sources that you don't know. But I see that you have good experience in sports betting, so I believe you know how to choose the right team.

[peter0425]

I've recently created a discussion about the odds of various outcomes and the gaps between the likely winner and other options, but some replies raised another questions that I believe is worthy of being discussed. When placing bets on sports, I rely heavily on the odds, especially if someone has a very high probability of winning

What do you follow when you are betting on sports: is it the odds or your knowledge and experience? Or maybe you're one of those people who bet on the favorite team or perhaps follows a gut? Do odds even matter to you? If yes, how important are they for your final decision?

Odds are validation that your analysis about a given match is correct but odds are not absolute and so does your game plan, the end result is the one that matters, you cannot ignore odds everybody and everyone is looking at it, you always want to look on who has a better chances of winning, even if you are not betting and you are just following a game.

One thing about placing the bet is that need to be sure and done the research on team going to bet and their chances as against its competitor and their strengths and weakness etc. So once this is done you get an idea about the team who has a better chance of winning it and then placing bet on that is more essential then just looking at the odds. Odds may be less but if they win you end upmaking some money on it.

Yeah Odds are there to Give us Hints on which wo could possibly winning but that is not an assurance of the final outcome.
because there are things can happen over the process that might result into different outcome.
Mood of each player may change,or the issue about that day of playing who may affect their performance and turns out losing instead of the expected win.

[abhiseshakana]

Odds are validation that your analysis about a given match is correct but odds are not absolute and so does your game plan, the end result is the one that matters, you cannot ignore odds everybody and everyone is looking at it, you always want to look on who has a better chances of winning, even if you are not betting and you are just following a game.

In gambling, odds don't represent the true probability, so it is not just validation but also represents the ratio between the amounts staked by punters and the payout that will be received based on the probability made by the bookmakers.

So in other words, with the odds the punters will know how much money will be won when the bet wins, or simply put if their bet wins, they will get less money when betting on the favorite, and they will get more money when betting on the underdog. And one thing is certain, no matter what the outcome will be bookies will always win, because the odds are made by them and will always provide benefits to them, so whatever the odds are the payouts to the bettor who wins will always be less than they should have received.

[Reatim]

In gambling, odds don't represent the true probability, so it is not just validation but also represents the ratio between the amounts staked by punters and the payout that will be received based on the probability made by the bookmakers.

But Odds adding compliance to the bettors because most Odds given bring wins to the gamblers but you are correct because assuring win cannot do of Odds.

So in other words, with the odds the punters will know how much money will be won when the bet wins, or simply put if their bet wins, they will get less money when betting on the favorite, and they will get more money when betting on the underdog.

Yeah that is why the bigger offers goes to the Underdog since odds is surely favored against of them.

And one thing is certain, no matter what the outcome will be bookies will always win, because the odds are made by them and will always provide benefits to them, so whatever the odds are the payouts to the bettor who wins will always be less than they should have received.

You got it perfect mate, Bookmakers and gambling sites will surely win in each game lol.

[Ucy]

Ofcourse,  betting sites odds matter (they seem  reasonable and like what most people expect) but I'd try to make sure I win my bets by going further to research the teams to see if the given odds are even reliable/accurate. I'll likely use better factors to determine which team can really win a match or whether it'll end in draw. I wouldn't just assume the sites got the odds right.

[Mauser]

Ofcourse,  betting sites odds matter (they seem  reasonable and like what most people expect) but I'd try to make sure I win my bets by going further to research the teams to see if the given odds are even reliable/accurate. I'll likely use better factors to determine which team can really win a match or whether it'll end in draw. I wouldn't just assume the sites got the odds right.

I agree, looking at the odds is kind of important. I can understand that if there is a certain promotion for a specific bet by a bookmaker that we just jump onto that bet without really looking at other things. However, comparing odds across different companies can be really helpful and make us higher returns.

[TGD]

Ofcourse,  betting sites odds matter (they seem  reasonable and like what most people expect) but I'd try to make sure I win my bets by going further to research the teams to see if the given odds are even reliable/accurate. I'll likely use better factors to determine which team can really win a match or whether it'll end in draw. I wouldn't just assume the sites got the odds right.

I agree, looking at the odds is kind of important. I can understand that if there is a certain promotion for a specific bet by a bookmaker that we just jump onto that bet without really looking at other things. However, comparing odds across different companies can be really helpful and make us higher returns.

There's only a slim chance that a bookmaker will commit error on setting odds because most the casino use same odds computation. They only have minor variation but still considerable as same odds. AFAIK bookmakers used same data sheet for all the teams/athletes in every game that's why they always come up to a same betting offer side.

Finding one error betting odds is very rare.

[famososMuertos]

...//...
What do you follow when you are betting on sports: is it the odds or your knowledge and experience? Or maybe you're one of those people who bet on the favorite team or perhaps follows a gut? Do odds even matter to you? If yes, how important are they for your final decision?

I think you should look for information on how casinos calculate the odds, it is a standard formula that varies according to the criteria of those who use them and it does not have magic numbers because the appreciation that a casino makes is based in the statistics of the teams involved, now depending on the casino, some odds are affected by a mathematical percentage that benefits the casino but is intrinsic to the formula and not to the statistical or factors that determine the fee based on the results of the teams involved.

That is why the odds vary from casino to casino in "numerical value" but not in the essence of "1x2".

So when you go against the result that predicts the winner, the odds are higher, which can mean if you place a bet;
That you have no statistical idea of ​​the bet.
That you know what you are doing but you just want to bet.
Are you a recreational player, fans or you just like to always go against the odds despite having the knowledge and statistical information of the teams involved.

Finally OP all his questions are related only that posed in different contexts but they all come to the same thing.

As I already mentioned; "Odds are not a magic ball of results" confirm the information that you handle or confirm your knowledge. Consequently that sums up all your questions in a single answer.

[Debonaire217]

In gambling, odds don't represent the true probability, so it is not just validation but also represents the ratio between the amounts staked by punters and the payout that will be received based on the probability made by the bookmakers.

With this, it will not fully provide us the chance that we are going to win or lose but will be a catalyst for us to decide, odds are there for our advantage in decision making, if the odds are good, then we can somehow trust the game. But what if there's no available information regarding the odds? This means that we, on ourselves should decide which is quite risky, believe it or not, a small portion of our betting decision is based on odds.

So in other words, with the odds the punters will know how much money will be won when the bet wins, or simply put if their bet wins, they will get less money when betting on the favorite, and they will get more money when betting on the underdog. And one thing is certain, no matter what the outcome will be bookies will always win, because the odds are made by them and will always provide benefits to them, so whatever the odds are the payouts to the bettor who wins will always be less than they should have received.

This is quite true, if they are dictating the odds, they can somehow predict the bets of the players which gives them the advantage in getting a higher profit. Going back, odds are always along with a statistical usage, if we are just going to based on the odds, we know that every bet we did has a basis and gambling gives an edge to those who are good in statistics and probability.

[Lavander]

It really depends if something like this of course we all know that the lower the odds the higher chance of winning but that's not always the case I've lose multiple times by using this kind of methods but most of the time it works.

[imstillthebest]

Ofcourse,  betting sites odds matter (they seem  reasonable and like what most people expect) but I'd try to make sure I win my bets by going further to research the teams to see if the given odds are even reliable/accurate. I'll likely use better factors to determine which team can really win a match or whether it'll end in draw. I wouldn't just assume the sites got the odds right.

I agree, looking at the odds is kind of important. I can understand that if there is a certain promotion for a specific bet by a bookmaker that we just jump onto that bet without really looking at other things. However, comparing odds across different companies can be really helpful and make us higher returns.

There's only a slim chance that a bookmaker will commit error on setting odds because most the casino use same odds computation. They only have minor variation but still considerable as same odds. AFAIK bookmakers used same data sheet for all the teams/athletes in every game that's why they always come up to a same betting offer side.

Finding one error betting odds is very rare.

because if they dont get the job accurately done they will be in great trouble .

as much as possible they do more than a double check for setting things including the odds of every game but why is that a sportbetting site will claim that they have a better odds .

 this can be a kind if promotion same to what @mauser comment but not all promotion are satisfying , dont hurry on trying them before it gets too late .

[Ratash]

They matter on the final decision because its mesures the strength between the two teams but i do not relay on it  that much, before i place my bet the first thing i rely on is the performance in the last matches and the current season,and  i always try to be objective. the second thing is my gut its an import thing because we have seen many surprises in sports and football specificaly