Do you rely on the odds when placing bets?

[Maslate]

Recently, I been trying my hands on a few high odds markets rather than always patronizing those tiny odds and those events came out successful. Every now and then, these high odds events play out successfully too.

I'm happy to hear that, I hope you'll find some consistency with newly find out strategy, TBH, that one does not work for me, so I just stick with my old style to be on a fair odds like 1.90 or 1.85... not so profitable for me, but at least I have littl edge according to the result.

[ReiMomo]

Recently, I been trying my hands on a few high odds markets rather than always patronizing those tiny odds and those events came out successful. Every now and then, these high odds events play out successfully too.

I'm happy to hear that, I hope you'll find some consistency with newly find out strategy, TBH, that one does not work for me, so I just stick with my old style to be on a fair odds like 1.90 or 1.85... not so profitable for me, but at least I have littl edge according to the result.

I don't have a problem with a tiny profit but in a consistent way of gaining your payout. High odds something unlikely to me and very risky because the chances of having payout will less compared to the low odds.

That's right, I also did not see of getting profit in the high odds but maybe that user above already prove that high odds are better than choosing low odds. The fact that you will have 50/50 chances of winning in the high odds but if you were very lucky high profit will also be yours.

[maydna]

~snip~

But that is the thing for the most part bookmakers never lose bets, the goal of a bookie is to win regardless of the outcome of the game and they do this by manipulating the odds in order to balance their books, so if one side is getting too much bets for their liking they can switch the line to make that side of that bet less attractive while making the other more attractive to incentive payers to bet on the other outcome, this is why arbitraging opportunities and value bets arise and you must always keep your eyes open for them.

The bookmakers will take the biggest winning from the gamblers, even if some gamblers can win, but they don't win the biggest money. I don't know if the bookmakers are manipulating the odds or not to balance their books, but I am sure that they don't do that. Besides that, they will not show their books that contain their profits because that is their secret. If they do that, and the members know by themselves, they will not like what the bookmakers do, and the members will not use that site to place a bet.

[peter0425]

but this is already reflected in the odds, you have to risk $100 in order to potentially win $10, when betting on a strong team.

This is some others don't understand, they think betting on the strong team always gives them a win, but if we consider the odds, like what in your illustration, you need to win 10 times betting on a favorite in order for your $100 to win the exact amount, which is not easy based on probability.

But it's it is enough to at least having High chance in Strong team than betting in lower,Yeah the Winning maybe so much higher but you can lose your 100$ in a single match ,while in Strong team 10% win is almost there ,but of course not 100% assured.
 But for the risk taker ,yeah they tend to bet in the lower team Just to have a change doubling their money instantly.

[Reatim]

~snip~

But that is the thing for the most part bookmakers never lose bets, the goal of a bookie is to win regardless of the outcome of the game and they do this by manipulating the odds in order to balance their books, so if one side is getting too much bets for their liking they can switch the line to make that side of that bet less attractive while making the other more attractive to incentive payers to bet on the other outcome, this is why arbitraging opportunities and value bets arise and you must always keep your eyes open for them.

The bookmakers will take the biggest winning from the gamblers, even if some gamblers can win, but they don't win the biggest money. I don't know if the bookmakers are manipulating the odds or not to balance their books, but I am sure that they don't do that. Besides that, they will not show their books that contain their profits because that is their secret. If they do that, and the members know by themselves, they will not like what the bookmakers do, and the members will not use that site to place a bet.

And why would Bookmakers do that ? We are betting because we trusted them so questioning them is another issue.

If you don't trust the Bookmakers then for sure you will find another one right? And who cares about how much they win and how much comes to us ?we agree in this condition from the start so never make a protest of comparing how much comes to each of you.

and besides gamblers are contented when they win even how much is this because it's better to win lower than to lose .

But for me personally ?i always choose the Strongest team/fighter no matter how much i could win .. I'm on surer than risker .

[bitterguy28]

Recently, I been trying my hands on a few high odds markets rather than always patronizing those tiny odds and those events came out successful. Every now and then, these high odds events play out successfully too.

I'm happy to hear that, I hope you'll find some consistency with newly find out strategy, TBH, that one does not work for me, so I just stick with my old style to be on a fair odds like 1.90 or 1.85... not so profitable for me, but at least I have littl edge according to the result.

We must stick to which giving us comfort and winning ,though Experimental is part of our gambling venture because we wanted to find other ways to make money ,but of course in the end? it is our old strategy that still fits us when gamble.

[Betwrong]

but this is already reflected in the odds, you have to risk $100 in order to potentially win $10, when betting on a strong team.

This is some others don't understand, they think betting on the strong team always gives them a win, but if we consider the odds, like what in your illustration, you need to win 10 times betting on a favorite in order for your $100 to win the exact amount, which is not easy based on probability.

But it's it is enough to at least having High chance in Strong team than betting in lower,Yeah the Winning maybe so much higher but you can lose your 100$ in a single match ,while in Strong team 10% win is almost there ,but of course not 100% assured.
 But for the risk taker ,yeah they tend to bet in the lower team Just to have a change doubling their money instantly.

The beauty of betting on the underdog is that you are risking much lees money in order to potentially win the same amount. For example, you need to risk $100 to potentially win $10 when betting on a strong team, while you can risk only $2-$3 and still expect to win $10, when betting on the underdog.

[boyptc]

Guys you cannot rely on the odds as they are engineered to let the bookies receive always their fair share of profit: that is no charity, they need to earn money and therefore if you think that the odds are made to help you, then you are super wrong.

It can help for some reasons like if a bettor who doesn't really bet oftenly for that sports.

He will get an idea which is the favorable side and the underdog.

This is a fact, so much so that there are companies that seek profits just by selling data to players to improve their odds and place better bets.

In gambling of chance where the win depends only on some random algorithm it would even make sense, but when you take the human factor into account... surely the odds help you to don't make the "wrong bet".

True.

But that doesn't mean a pure win because that's all my indication when I'm new to sports betting. I always think that "hey this seems to be a sure win with that kind of odd" and that means that I'll be betting with the low odds.

Just to make sure that I wouldn't go wrong with that bet.

[maydna]

And why would Bookmakers do that ? We are betting because we trusted them so questioning them is another issue.

You should ask that to the bookmakers, not me because I don't know what their reason to do that is. We don't know the details of what they did behind us, and we only guess. But if we trust them, we should enjoy our time betting on their site, and as long as the bookmakers are not doing something that smells cheat, we don't have to think negatively about that.

If you don't trust the Bookmakers then for sure you will find another one right? And who cares about how much they win and how much comes to us ?we agree in this condition from the start so never make a protest of comparing how much comes to each of you.

Yes, I will move to other bookmakers or find the others site to place the site. None of us will care about the win money, except ourselves and the bookmakers. I agree with you that we should not complain about that.

[Peanutswar]

but this is already reflected in the odds, you have to risk $100 in order to potentially win $10, when betting on a strong team.

This is some others don't understand, they think betting on the strong team always gives them a win, but if we consider the odds, like what in your illustration, you need to win 10 times betting on a favorite in order for your $100 to win the exact amount, which is not easy based on probability.

But it's it is enough to at least having High chance in Strong team than betting in lower,Yeah the Winning maybe so much higher but you can lose your 100$ in a single match ,while in Strong team 10% win is almost there ,but of course not 100% assured.
 But for the risk taker ,yeah they tend to bet in the lower team Just to have a change doubling their money instantly.

The beauty of betting on the underdog is that you are risking much lees money in order to potentially win the same amount. For example, you need to risk $100 to potentially win $10 when betting on a strong team, while you can risk only $2-$3 and still expect to win $10, when betting on the underdog.

Anything can happen in a game especially in sports and e-sports gambling because having a two to three consecutive mistakes can lead toward to table turn base on my experience even the odds give you a hint into a match-winner anything still can happen in the game, sometimes just having a single win or advantage gave to the underdogs they can easily make a miracle and made an unexpected move that shock all of the viewers and the gamblers. Thats why there are a lot of gambler taking risk to the underdogs. There is a word in gambling like this which is "YOLO" if you will bet to the underdogs.

[Alucard1]

Partially yes but not entirely and odds are not only that matters.
It's very important to follow the certain sports, players and has information that might be of importance for making the bet. So if you rely only on odds that will not get you far.

Sometimes I follow the odds if I don't have any idea about the event, that is the only things that I am doing, sometimes it works and gives me good profit but I know that relying on the odds is not a good strategy for me to do, gambling is not only based on the luck but there are still some games that may require you a little bit strategy and knowledge to get an advantage in the game and win the prizes, you don't need to rely only on the odds because its good to follow your strategy.

[Quidat]

Partially yes but not entirely and odds are not only that matters.
It's very important to follow the certain sports, players and has information that might be of importance for making the bet. So if you rely only on odds that will not get you far.

Sometimes I follow the odds if I don't have any idea about the event, that is the only things that I am doing, sometimes it works and gives me good profit but I know that relying on the odds is not a good strategy for me to do, gambling is not only based on the luck but there are still some games that may require you a little bit strategy and knowledge to get an advantage in the game and win the prizes, you don't need to rely only on the odds because its good to follow your strategy.

But how do you choose an odds, a big game or a popular sports has a big market, you should be having trouble finding some, unless you'll focus on the moneyline bet where you put either or the favorites or the underdog, so are you a favorite bettors or for the underdog?

Everytime i do make bets or even all of us then we would definitely check out the odds, we can differentiate which one is underdog and which had been heavily favorite by seeing those numbers.
In talks of relying then we cant deny that this is our main indication neither we do go stick with the favorite ones (which is mostly been done) or would go to the underdog basing off
into our own analysis this is why betting behavior would really vary neither on individuals own analysis and emotion selection just because he is a die hard fan.

[Russlenat]

Partially yes but not entirely and odds are not only that matters.
It's very important to follow the certain sports, players and has information that might be of importance for making the bet. So if you rely only on odds that will not get you far.

Sometimes I follow the odds if I don't have any idea about the event, that is the only things that I am doing, sometimes it works and gives me good profit but I know that relying on the odds is not a good strategy for me to do, gambling is not only based on the luck but there are still some games that may require you a little bit strategy and knowledge to get an advantage in the game and win the prizes, you don't need to rely only on the odds because its good to follow your strategy.

But how do you choose an odds, a big game or a popular sports has a big market, you should be having trouble finding some, unless you'll focus on the moneyline bet where you put either or the favorites or the underdog, so are you a favorite bettors or for the underdog?

Everytime i do make bets or even all of us then we would definitely check out the odds, we can differentiate which one is underdog and which had been heavily favorite by seeing those numbers.
In talks of relying then we cant deny that this is our main indication neither we do go stick with the favorite ones (which is mostly been done) or would go to the underdog basing off
into our own analysis this is why betting behavior would really vary neither on individuals own analysis and emotion selection just because he is a die hard fan.

That's what some bettors are doing but we are losing if we are constantly doing that, bookies are smart, they would not present an odds that would easily give the bettors a win, sometimes, people think it's easy, that's where they lose and complain. Bookmakers are hired by bookies or they availed on the service because they know they are smart and they can make a gambling site profitable, so odds not really something we can just rely and win.

[panganib999]

Partially yes but not entirely and odds are not only that matters.
It's very important to follow the certain sports, players and has information that might be of importance for making the bet. So if you rely only on odds that will not get you far.

Sometimes I follow the odds if I don't have any idea about the event, that is the only things that I am doing, sometimes it works and gives me good profit but I know that relying on the odds is not a good strategy for me to do, gambling is not only based on the luck but there are still some games that may require you a little bit strategy and knowledge to get an advantage in the game and win the prizes, you don't need to rely only on the odds because its good to follow your strategy.

But how do you choose an odds, a big game or a popular sports has a big market, you should be having trouble finding some, unless you'll focus on the moneyline bet where you put either or the favorites or the underdog, so are you a favorite bettors or for the underdog?

Everytime i do make bets or even all of us then we would definitely check out the odds, we can differentiate which one is underdog and which had been heavily favorite by seeing those numbers.
In talks of relying then we cant deny that this is our main indication neither we do go stick with the favorite ones (which is mostly been done) or would go to the underdog basing off
into our own analysis this is why betting behavior would really vary neither on individuals own analysis and emotion selection just because he is a die hard fan.

Relying on odds are favorable and it is one of the most common idea or strategy of some people. Some people or gamblers always rely on it because it is what they learn and in that way they are familliar. But sometimes this kind of idea doesn't work and it is always been not that effective 100%. Odds are ideas that is not that 100 successful but just like gambling there are chances. If you successfully won in odds or favoring in odds, that is good and if not that is also good and bounce back after. For me, I do not usually rely on odds but sometimes if things goes wrong or like blur in the moment, I always place my bets and rely on odds. There is no problem in relying in odds but of courde you need to think of some most effective ways rather than that in order to have also a effective way of earning.

[Janation]

but this is already reflected in the odds, you have to risk $100 in order to potentially win $10, when betting on a strong team.

This is some others don't understand, they think betting on the strong team always gives them a win, but if we consider the odds, like what in your illustration, you need to win 10 times betting on a favorite in order for your $100 to win the exact amount, which is not easy based on probability.

But it's it is enough to at least having High chance in Strong team than betting in lower,Yeah the Winning maybe so much higher but you can lose your 100$ in a single match ,while in Strong team 10% win is almost there ,but of course not 100% assured.
 But for the risk taker ,yeah they tend to bet in the lower team Just to have a change doubling their money instantly.

It is very risky to go with higher odds.

It is a huge win of money of course but the chance of it happening is also low means that it is a gamble. Unless there are these angles that you are looking that can give the higher odds to win, you could give them a try. They usually happen but it is not that often that it could be something that gamblers could use to make theirselves rich almost instantenously.

[Pamadar]

It is very risky to go with higher odds.

It is a huge win of money of course but the chance of it happening is also low means that it is a gamble. Unless there are these angles that you are looking that can give the higher odds to win, you could give them a try. They usually happen but it is not that often that it could be something that gamblers could use to make theirselves rich almost instantenously.

The chance is still there, if you have good knowledge about the game and luck permits you to pick the right game.

High odds like what you have said is not usual to win, a high risk but very profitable once the timing is perfect. You need to take and
accept all the possibilities. Win big or do the other side. It's up always with how you sort those games and how will you entrust your
money with your knowledge not just with luck though it influence a lot.

[aioc]

Odds are very important this is to verify that you are doing it right and you have a good chance to win, yes I do look on the odds, it's very tempting to look on the odds, because we all want to win and we like to assure ourselves that the odds favor our bets and we can proceed with it.

[OgNasty]

How could the odds not matter to you?  Gambling is literally about beating the odds.  Everything is risk reward and every outcome is worthy of a bet if the odds justify it. 

I'm reminded of the Kevin Malone quote from below. 

[Janation]

It is very risky to go with higher odds.

It is a huge win of money of course but the chance of it happening is also low means that it is a gamble. Unless there are these angles that you are looking that can give the higher odds to win, you could give them a try. They usually happen but it is not that often that it could be something that gamblers could use to make theirselves rich almost instantenously.

The chance is still there, if you have good knowledge about the game and luck permits you to pick the right game.

High odds like what you have said is not usual to win, a high risk but very profitable once the timing is perfect. You need to take and
accept all the possibilities. Win big or do the other side. It's up always with how you sort those games and how will you entrust your
money with your knowledge not just with luck though it influence a lot.

But you need luck with that.

With a low probability or chance of winning, you will be needing luck. Of course, you bet on that for some reasons which means you think they have a chance of winning despite their low probability of winning. If you bet on them, your analysis might not be useful for the team's game or play but that increase that small percentage into your advantage.

[Ucy]

but this is already reflected in the odds, you have to risk $100 in order to potentially win $10, when betting on a strong team.

This is some others don't understand, they think betting on the strong team always gives them a win, but if we consider the odds, like what in your illustration, you need to win 10 times betting on a favorite in order for your $100 to win the exact amount, which is not easy based on probability.

Interesting.
I guess this means that bets on low odds don't give much profit, and you'll have to also consider the possibility of losing the $100?   I'll probably look for list of teams with reasonable profits and higher odds and research their chances of winnings... maybe their chances will be higher than anticipated by those who calculated their odds.    This still boils down on doing your own research rather than completely relying on betting sites odds. The research is what gives you an edge over other who totally rely on pre-made odds.