Do you rely on the odds when placing bets?

[mezzaluna]

If you can have or collect as much data as possible, you will have more chances to select the right team to bet. Having the data could help you decide how much money you should use to bet, and you can think twice if placing a medium or high amount will be necessary or you should place on small money. It could give us other benefits, such as knowing what strategy we can implement based on the current situations for each team. Besides that, we will know which team has high odds of winning the match.

No matter how much data you collect, you will not be able to compete in the accuracy of determining the odds with bookmakers - whole teams of professionals and even AI work for them. May be you able to understand some events better than them, but at a distance you will not be able to compete with them.

That is true since data is just data and this kinds of data cannot really produce the outcome of the matches. It still depends on the teams playing but betting on the better team will result on a winnable bet. Without analyzing data or even reviewing the new skills that players develop throughout their playing time, the data collected would be useless.

[kotajikikox]

If you can have or collect as much data as possible, you will have more chances to select the right team to bet. Having the data could help you decide how much money you should use to bet, and you can think twice if placing a medium or high amount will be necessary or you should place on small money. It could give us other benefits, such as knowing what strategy we can implement based on the current situations for each team. Besides that, we will know which team has high odds of winning the match.

No matter how much data you collect, you will not be able to compete in the accuracy of determining the odds with bookmakers - whole teams of professionals and even AI work for them. May be you able to understand some events better than them, but at a distance you will not be able to compete with them.

That is true since data is just data and this kinds of data cannot really produce the outcome of the matches. It still depends on the teams playing but betting on the better team will result on a winnable bet. Without analyzing data or even reviewing the new skills that players develop throughout their playing time, the data collected would be useless.

But at least those date has been screened and Determined depend on How the Two teams/Fighters statistics recently and this was being given by experts on those fields so at some points they are valid .

But since this is our money then better to Know from your own knowledge whom to bet,because at least we won't blame anyone from our losses because the problem mostly is our activities in gambling that we are believing others than our self

[carlisle1]

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, like here:

I placed a small bet on this match on Sportsbet.io:

But of course when the odds are close to one another (2.5, 3.1 and similar), I try to rely on the history of matches between the teams and recent wins/losses of the teams.
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 always rely on those odds when I try to bet on something because there is a higher chance to win that choice though the prize was not that high since  mostly would bet on it. Having this odds serves as a guide on their previous betting history on how often they won the events. You can risk for lower odd chance if you want to risk for higher prize but lower chance to win.

Just like majority of Us mate , because Odds are safe bets though Small wins most of the times  than risking in your Instinct  that mostly Give wrong  implication.
and besides Majority of High Odds are the winners .
we cannot change that fact so if you are a real gamblers you must know that this will save your money if you wanted to gamble most of the time.
Small wins are enough than a total loser.

[KTChampions]

No matter how much data you collect, you will not be able to compete in the accuracy of determining the odds with bookmakers - whole teams of professionals and even AI work for them. May be you able to understand some events better than them, but at a distance you will not be able to compete with them.

But I am sure that if we can collect valid data about the match, we will have a chance to win. I know that the bookmarkers will have the biggest chance of getting the money from the gamblers, but they can also lose the money, especially if some gamblers can win in different matches. We will need to have valid data and information about the team, and we know how much percentage for every team to win, so we can determine which team we can choose. And the rest, we can let it happen.

I do not understand how you reason. You do analysis, do research, etc. The same is done by a professional team with immeasurably large resources - it is obvious that you cannot compete with them and their results will be better. It's unavoidable. In addition, bookmakers have insides that simple betters certainly do not have.

[fiulpro]

Hello

I do think that you need to understand for a fact that : Even though you might or might not rely on the odds , it's always a good decision to look out for them.

-You can use mathematical calculations most of the times and get benefited heavily
-I don't particularly rely on the odds listed on the websites but I try and calculate using probability; permutations, combinations etc.. Using high school mathematical calculations for good !
-There are also very good formulas out there too you should check out even  probability for games like football
- Plus I agree with the fact that we might not be that accurate but the point is we can rely on it and even if we are close to the probability it is actually very good.
 

[ufaiz50]

Then there is also a lot of difference whether you take a match that will start in a few hours, or if you have a match that is going / is live.
If a bet is already live, it is more difficult to compare because the odds can change very quickly.

[Nellayar]

Yes of course!
I rely more on odds in betting because it shows how does the team differences in a match. Most of the time I go to the highest odds and did not risk too much. Sometimes, I lost but most of the time I win because I rely in odds. However, too much rely on odds may lead to a lose. There are sites that give odds to the gambler which in the end, lose your bets. If you want to play safe, making your own probablity and statistics are better than depending on what the site says.

[Japinat]

Then there is also a lot of difference whether you take a match that will start in a few hours, or if you have a match that is going / is live.
If a bet is already live, it is more difficult to compare because the odds can change very quickly.

It really depends on your preference, there are people who love to bet on live betting as they think they are getting some advantage on that, as they are watching the game live, they will see what is really happening in the game and that will give them a good idea on which team to bet or they will bet on the under or over.

[maydna]

~snip~

I do not understand how you reason. You do analysis, do research, etc. The same is done by a professional team with immeasurably large resources - it is obvious that you cannot compete with them and their results will be better. It's unavoidable. In addition, bookmakers have insides that simple betters certainly do not have.

I am sorry if you don't understand it. I collect the data, choose the team or person, and place the bet. But I admitted that the professional team or gambler will have large resources, so they can have more valid info than what I can get. Yes, I know that I can't compete with them because my sources are limit to them, but at least, I can gamble for what I want while I enjoy the game that I can watch on tv or from the internet. The important thing is we can enjoy betting on the team that we want with different methods for analysis.

[bitzizzix]

Then there is also a lot of difference whether you take a match that will start in a few hours, or if you have a match that is going / is live.
If a bet is already live, it is more difficult to compare because the odds can change very quickly.

It really depends on your preference, there are people who love to bet on live betting as they think they are getting some advantage on that, as they are watching the game live, they will see what is really happening in the game and that will give them a good idea on which team to bet or they will bet on the under or over.

Watching live betting the odds of winning will most likely occur as you will focus on watching the match and assessing the quality of the game in terms of the team or other weaknesses and strengths and that will make it easier to make choices.
But there's nothing people expect because things can turn things around when you are in last minute position, it's all just luck and if you watch live or not and do some analysis or whatever, that's no guarantee.
If you were a professional bettor you would think that everything you place on your bet won't win forever and won't lose forever as long as you try and bet, so using any method is not a guarantee because gambling is hard to predict.

[Pamadar]

Then there is also a lot of difference whether you take a match that will start in a few hours, or if you have a match that is going / is live.
If a bet is already live, it is more difficult to compare because the odds can change very quickly.

It really depends on your preference, there are people who love to bet on live betting as they think they are getting some advantage on that, as they are watching the game live, they will see what is really happening in the game and that will give them a good idea on which team to bet or they will bet on the under or over.

I can agree to that, there are gamblers who loves to see their advantages during the live event.

Thinking that assessing the game is much better whenever you see the players conditions, unlike with early bets where chances that some key players will not be there for their respective teams. Though it will ends up with gamblers perspectives.

[boyptc]

Then there is also a lot of difference whether you take a match that will start in a few hours, or if you have a match that is going / is live.
If a bet is already live, it is more difficult to compare because the odds can change very quickly.

Yes. Odds change quickly depending to the bets and that is why someone who bets with the team/person together with the majority, the odds changes quickly.

And you while looking at it, can take time to bet whether you want it or not. A fan will bet with odds whether or not it is favorable.

[samputin]

~

Yes , most of the time that I rely in odds are those who has a majority of it, and fortunately most of my bets wons, so I continue to use this strategy whenever I bet on sports betting it will help me to decide on which side we can bet, but we can do some research first for new team strategy, new roster and new things for the team, but it will depends on you, if you want to follow it or not, but for me it is applicable.

Well I don't gamble that much but when I do, I place my bet depending on the playing team or person. I mean, if the person or team that is playing is my favorite, it's automatic that I'll place my bet on them. Regardless of the odds. But when I don't know the team or the person very well when it comes to their playing history on a particular sports, then that's the time I rely on the odds.

[Oneandpure]

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, like here:

I placed a small bet on this match on Sportsbet.io:

But of course when the odds are close to one another (2.5, 3.1 and similar), I try to rely on the history of matches between the teams and recent wins/losses of the teams.
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?

How many gambler trapped by pairing small odds even though the result is Arsenal have to lose to Burnley, sometimes the big team and the status of the host take into account why the odds are small and Burnley's opponent is also at the bottom of the table, but small odds do not guarantee that they can win, instead Burnlley's big odds are so the winner, very lucky to place a bet at high odds and choose Burnley.

[abhiseshakana]

Well I don't gamble that much but when I do, I place my bet depending on the playing team or person. I mean, if the person or team that is playing is my favorite, it's automatic that I'll place my bet on them. Regardless of the odds. But when I don't know the team or the person very well when it comes to their playing history on a particular sports, then that's the time I rely on the odds.

I assume, you are basically betting for fun, because the bets you make are more based on your heart, which is when your favorite team/player plays then you will bet on them. Most gamblers who after profit won't bet with their heart, because they know the favorite won't always come out the winner.

[Vaskiy]

Well I don't gamble that much but when I do, I place my bet depending on the playing team or person. I mean, if the person or team that is playing is my favorite, it's automatic that I'll place my bet on them. Regardless of the odds. But when I don't know the team or the person very well when it comes to their playing history on a particular sports, then that's the time I rely on the odds.

I assume, you are basically betting for fun, because the bets you make are more based on your heart, which is when your favorite team/player plays then you will bet on them. Most gamblers who after profit won't bet with their heart, because they know the favorite won't always come out the winner.

This is common, and myself have the same practice of selecting the odds based on the favourite team/players. This at times gets winning, but if our favourite team/players are average performing ones luck is the only thing. Most of the time while selecting odds based on favourite team/players I just wait for the opportunity for the odds to increase high. If lucky I could get big profit.

[MCobian]

~

~snip~

Well I don't gamble that much but when I do, I place my bet depending on the playing team or person. I mean, if the person or team that is playing is my favorite, it's automatic that I'll place my bet on them. Regardless of the odds. But when I don't know the team or the person very well when it comes to their playing history on a particular sports, then that's the time I rely on the odds.

Indeed, people should play gambling like you, because in my opinion the way to enjoy playing gambling is that we make gambling as entertainment.
Not making gambling a source of income that many gamblers do now, so we will not be addicted to making gambling as entertainment. You place bets based on the team that is playing, if you know and like the team you will place your bet on the team you like. You don't rely on the odds when playing gambling, this is your principle that must be emulated.

[Russlenat]

Indeed, people should play gambling like you, because in my opinion the way to enjoy playing gambling is that we make gambling as entertainment.
Not making gambling a source of income that many gamblers do now,

A gambler has their own option, some are better of treating gambling as an entertainment because they don't have the skills to win or be consistent in gambling, however, we can't deny that there are few who are really good in gambling, hence they are just making use of their skills and monetize from it.

so we will not be addicted to making gambling as entertainment.

Addiction is a big problem but if you are responsible regardless of the purpose of your gambling, you'll never get addicted.

[Reatim]

Well I don't gamble that much but when I do, I place my bet depending on the playing team or person. I mean, if the person or team that is playing is my favorite, it's automatic that I'll place my bet on them. Regardless of the odds. But when I don't know the team or the person very well when it comes to their playing history on a particular sports, then that's the time I rely on the odds.

I assume, you are basically betting for fun, because the bets you make are more based on your heart, which is when your favorite team/player plays then you will bet on them. Most gamblers who after profit won't bet with their heart, because they know the favorite won't always come out the winner.

He's not a literal gambler instead He is a Occasional gambler ,He Only Bet when He feels like doing it and not like majority of us here that seeking for the game in which we will make betting .

What's Good about Him is He bets with Feeling and support and not just a Demand to the team/player to Win the game,.

And also If ever the Team/player wins? then Double the Fun because aside from celebrating for the winning he also has a Bonus from the bet wins.

[ethereumhunter]

Well I don't gamble that much but when I do, I place my bet depending on the playing team or person. I mean, if the person or team that is playing is my favorite, it's automatic that I'll place my bet on them. Regardless of the odds. But when I don't know the team or the person very well when it comes to their playing history on a particular sports, then that's the time I rely on the odds.

I assume, you are basically betting for fun, because the bets you make are more based on your heart, which is when your favorite team/player plays then you will bet on them. Most gamblers who after profit won't bet with their heart, because they know the favorite won't always come out the winner.

He's not a literal gambler instead He is a Occasional gambler ,He Only Bet when He feels like doing it and not like majority of us here that seeking for the game in which we will make betting .

What's Good about Him is He bets with Feeling and support and not just a Demand to the team/player to Win the game,.

And also If ever the Team/player wins? then Double the Fun because aside from celebrating for the winning he also has a Bonus from the bet wins.

If his favorite team wins and he wants to double the fun by using more money to bet for the other favorite team, that will not be recommended because his other teams will not have the same chance to win. It is better to celebrate the winning while he can and stop betting for a while. It is better to gambling occasionally and not too often because we can not just rely on the favorite team or our luck. It is okay to gamble if we only want to search for fun.