High odds or low odds, which do you prefer?

[traderethereum]

Which one I prefer depends on my current mood. I prefer low odds when I want to win. When I want excitement, high odds are nice. Years ago, when I first started gambling, I always preferred low odds. Usually I was winning and I was used to gambling that way. Thus, over time, my money increased and I started to prefer high odds.

That means our choices can change as times change.
Maybe we choose low odds today, but tomorrow we can choose high odds.
There are also types of people who will choose low odds for a few days or weeks or even a month and in the following month, they choose high odds.
But that will not change their winning percentage because their luck level will again determine it.
In my opinion, high or low odds will be the same because the difference is the level of our luck every day.

[Solosanz]

I didn't bet based on which is the favorite (low odds) or which is the underdog (high odds), but I bet based on my analysis and how's their performance in the past. There's a chance the underdog will win, I've seen so many sports have an upset. So, if you bet on low odds, you will not always win.

[Bitinity]

I'd choose HIGH odds, simply because I'm small gambler so the only way for me to make nice profit with small bet is to bet on high odds. No matter what games I am going to play, I'll choose high odds including in sports betting. Mostly I'll prefer to play multibet/parlay where I can create high odds by selecting some games at the same time. It is high risk ofc, but high return as well when I'm lucky enough to win. In simple words, I'd prefer to bet $1-$2 to win $10 than bet more than $20 to win the same $10.

[slaman29]

It turns out that because of people who prefer to bet on favorites, the odds are always distorted in their favor and it makes sense to bet only on underdogs. But I remember that someone did a study that if we bet only on the favorites or only on the underdogs, then we lose the same percentage on average. Does this really mean that bookmakers have learned how to accurately determine the probability of outcomes in games?

I don't understand how bookies do it. but surely they have done research to determine this. After all, gambling is a business for all bookmakers. So, there must be an analysis that has been done so that they do not lose. Sorry I can't speculate on this, because it's beyond my knowledge. Maybe, if the reference is still there, you can share it here, so members can also read how these odds can give the same average.

Would be good to see the study, but favorites and underdogs can be determined by 1.8 and 2.2 odds, as well as 1.1 and 12.0 odds.

I think a lot of times you see for example let us say tennis or football the favorites is always caused by people betting on their country or favorite sports person. England for example. So the lesser team/player who may have 2.0 odds actually goes down to 1.8 or 1.7 or even 1.5 just because bookmakers have to adjust risk on the bets.

Don't forget bookies actually don't profit from successfully picking the losing/winning sides but on adjusting the odds down from what the actual one is. So for sure they win over the long run no matter how people bet. Theoretically anyway

[rahmad2nd]

Let us assume that high odds start from 1.5 and above while low odds starts from 1.2 and below.

I specifically like football gambling. When I started to gamble, I go for high odds, but I was not that experienced and I lost a lot. I gained experience but I preferred to gamble on low odds. Only what this led me to is to play more and I noticed losses too. This is just a means someone can also become addicted because low odds will only want you to accumulate and bet more. If you bet more frequently than usual, regardless of the odd, be it high or low, loss is inevitable, it is guaranteed.

I play less often unlike before, I reduced the money I am using to bet, emotions gone and I win than before. How about you people, are you high odd punter or low odd. Can you also tell us your experience? At you losing or you make profit from the odds you are taking?

I've experienced the same thing as you when I was still not much experience and knowledge about soccer betting.  some time after experiencing a lot of defeat then I thought, that this is bad.  addiction is based on a sense of desire to win and win until the balance gets bigger.  The experience made me learn from time to time so I don't bet too actively when I don't have a strong prediction to choose.  by preventing and controlling myself I believe it avoids the loss of recklessness, desire and thirst for victory.  The point is from the many experiences that I have gained, I have learned to overcome myself and if you want to bet, you always have to be based on analysis because it is an important part to reduce the chance of losing even though it is not a surefire guarantee to win.

[Adbitco]

I can say it is based on you predictions, whenever you able to predicts the right scores then you are sure to win, most at time odds does not really matters as it will land you having much games packed to together at such point a game might be out of predicted but having only a game or two games predicted with less odd will get you played.
Alternatively what i does is that having the games played twice with less stakes so if the first prediction doesn't hits the second predictions will surely hit up.

[madnessteat]

Since i just partake in gambling just for fun,i usually bet on high odds.It's always fun betting for the underdog,when they win,it bring much more joy than betting for the usual winning team.I'm not interested in low odds because it's just the usual predictable outcome,no fun in that and boring.

It would be interesting to know your stats if you keep them. How often do you bet and how many of your outsider bets are successful? In all my practice I have only been able to win a few times by betting on an underdog. That's why I don't see the point in betting on high odds. I'd rather earn less, but the probability that I won't lose my money is higher.

[MrcMrc]

Football betting is all about luck and risk so u will rather go for high odds, as that will increase your winning amount, accumulating low odds will only increase your chances of losing the bet so if are taking the risk it has to be worth it a while.

[LodisMcguire]

Since i just partake in gambling just for fun,i usually bet on high odds.It's always fun betting for the underdog,when they win,it bring much more joy than betting for the usual winning team.I'm not interested in low odds because it's just the usual predictable outcome,no fun in that and boring.

It would be interesting to know your stats if you keep them. How often do you bet and how many of your outsider bets are successful? In all my practice I have only been able to win a few times by betting on an underdog. That's why I don't see the point in betting on high odds. I'd rather earn less, but the probability that I won't lose my money is higher.

Well,we are the same,just win a few times by betting on an underdog and more loses.But like i said earlier,it's just for fun and i don't mind that kind of loss.What i seek is the euphoria when the underdog is winning and you can't find that kind of joy often.

[LogitechMouse]

I can still remember what I'm doing when I'm still gambling.
When I'm gambling, I'm always going YOLO and always betting on the higher odds .

Well, there are some factors that I'm using before betting to a higher odd team (I'm betting on basketball). If I know that the opposing team doesn't have any chance of winning then I will not bet on them but on the other hand, if I see that there is a chance for them to win then I will try to risk and bet with them. My mindset whenever I'm gambling is that "The money that I used in gambling will not come back to me anymore, and I consider it lost money already" and because of that, I'm always emotionless whenever I'm gambling.

[Darker45]

~snip~

But have you bet on low odds before, a kind of match people will think it is 100% that a certain team would win, but no match has 100% probability that the strong or the better team would win, it can be drawn or it might be lost, but the probability the match will not favour is very low but can be the what would happen. I too do consider low odds before, I have even gone for 1.02 odds several times before in the past on in-play matches and 1.05 on some prematch staking, but with the look of things and the experience I have, I have changed my mind to only consider high odds, a bet having at least, 1.5 odds.

I have placed many bets with low odds before, although that's not really my thing. I normally consider placing ML bets on very low odds not worth it. It isn't worth the risk; those odds as low as 1.10 and below. Not to mention that you need to place a bigger bet in order to make a small gain. That's why I was attracted to make multi-bets before to make sense on very low odds. But I remember that many of my parlay bets with very low odds lost. And the funny thing is that in a number of them, only one lost and that's the bet with the lowest odds, the one which could be considered as sure win.

I agree with your new strategy. If we do away with analysis and just place bets blindly, I think you'd make more gain placing bets on huge underdogs than on those big favorites.

[virasisog]

It would be interesting to know your stats if you keep them. How often do you bet and how many of your outsider bets are successful? In all my practice I have only been able to win a few times by betting on an underdog. That's why I don't see the point in betting on high odds. I'd rather earn less, but the probability that I won't lose my money is higher.

We have the same mindset. I have just bet on the underdog a few times but ended up losing. I realized that it's better to gain less that to risk with only a little assurance. Those who bet on high odds usually look for entertainment and satisfaction. They want thrill and excitement and we can't question them for that.

[masulum]

Would be good to see the study, but favorites and underdogs can be determined by 1.8 and 2.2 odds, as well as 1.1 and 12.0 odds.

As I mentioned, I don't really understand this, my assumption (not a real study), there must be an analysis, so sorry if maybe my assumption is wrong. In the previous response, it was said that there is an equal average between losing and winning both when betting on the favorite team and the underdog. I'm also curious about that. Of course, I want to read about that study as mentioned by @Boristhecat.

Thank you for the information about the bookies, although I have known gambling for a long time, but not interested about them.

[Betwrong]

Let us assume that high odds start from 1.5 and above while low odds starts from 1.2 and below.

I specifically like football gambling. When I started to gamble, I go for high odds, but I was not that experienced and I lost a lot. I gained experience but I preferred to gamble on low odds. Only what this led me to is to play more and I noticed losses too. This is just a means someone can also become addicted because low odds will only want you to accumulate and bet more. If you bet more frequently than usual, regardless of the odd, be it high or low, loss is inevitable, it is guaranteed.

I play less often unlike before, I reduced the money I am using to bet, emotions gone and I win than before. How about you people, are you high odd punter or low odd. Can you also tell us your experience? At you losing or you make profit from the odds you are taking?

When I play dice I prefer odds above 100.00, and I prefer high volatility slots where your wins are rare but with higher multipliers. But sports betting is a different thing entirely: bet with higher than 15.00 odds, and you are losing your bet almost surely. But with your definition of low and high odds, I still prefer betting high odds even in sports betting. Most often I win with the odds between 2.00 and 3.00. I tried betting with odds below 1.2 because it's tempting, right? Usually you get such odds for a team you "know" should win. But when it loses, or, which happens more often, it's a draw, and you are still losing your bet, it's so hurtful. It's a pain I don't want to feel anymore. So, no more bets of 1.2 and below for me.

[MrcMrc]

I can still remember what I'm doing when I'm still gambling.
When I'm gambling, I'm always going YOLO and always betting on the higher odds .

Well, there are some factors that I'm using before betting to a higher odd team (I'm betting on basketball). If I know that the opposing team doesn't have any chance of winning then I will not bet on them but on the other hand, if I see that there is a chance for them to win then I will try to risk and bet with them. My mindset whenever I'm gambling is that "The money that I used in gambling will not come back to me anymore, and I consider it lost money already" and because of that, I'm always emotionless whenever I'm gambling.

Betting with high odds us like using high trading leverage their increase your chances of losing, i know low odds is not a 100% guarantee to winning but at list it is more likely to win than high odds.

[Oluwa-btc]

I think you're very correct, but I tend to Fvck with both odds according to my mood, the matches, game's and options available.
You should know what's best and what work's for you in betting and take a good shot and utilize them.
I placed a game on cards at the last days of the Netherland division, some five game's ( lost 1 ). The strategy used was taking a good look at the options first, take take a dig at the both club's playing and finally the referee officiating the game. How man cards he gives in a single game? How many he also has given in the last two games prior to that game. It work for me but was unlucky as one of the games got lost. I'll greatly invest in that market next Campaign, I'll share a picture soon ( My eyes are heavy, and don't think I can help but obey my eyes ). Prolly tomorrow.

So I'm conclusion, don't be scared to invest in higher odds, they also do work if your know what you're doing.

[blockman]

Just going with the low odds but if the high odds to bet for is a match that I know that it's something worth it to take a try, I'll do it.
But most of the time, it's better to just go with a higher chance with the lower odds. If not playing for yolo then it's much better to bet safely and you don't have any contest to make just for you to take higher risk and if you know that it's not worth betting for.
Although I'm not scared to go for higher odds, I just want to make sure that I know the match is and it's likely that there's a likely that the one I'll bet for that high odd is likely to win.

[AmoreJaz]

Just going with the low odds but if the high odds to bet for is a match that I know that it's something worth it to take a try, I'll do it.
But most of the time, it's better to just go with a higher chance with the lower odds. If not playing for yolo then it's much better to bet safely and you don't have any contest to make just for you to take higher risk and if you know that it's not worth betting for.
Although I'm not scared to go for higher odds, I just want to make sure that I know the match is and it's likely that there's a likely that the one I'll bet for that high odd is likely to win.

betting in high or low odds indeed depend on a particular sports. if your guts is saying this team has very high chance of winning despite being underdog, you can go for it. because the truth is, bookies are not right all the time. there were so many underdogs that came as winners. it means, bookies sometimes don't get the whole picture as well. because we won't know the true caliber of the team or athlete up until when they are inside the ring or arena or field.

[Vaskiy]

High odds on matches in which both the teams are equally strong. Most of the time I prefer to go on live Betting, because it gives access to place bets over 2. If the match doesn't go as planned, it'll help me lower the loss. So, always used to wait for an opportunity to bet above 2. This mostly happens with tennis matches easily compared to other games.

Today I had a plan to follow this during the match between Sri Lanka and Australia. If I've used this method, I could've won good money. Fortunately I went on the odds on Australia.

[OgNasty]

I would always prefer long odds.  Anything can happen, so you can lose with good odds just like you can lose with bad odds.  At least one of them makes the payoff worth it though.  One should always consider the payout and weigh the risk/reward of any gamble.  Personally, if it's about the money I'd rather have a low chance of winning a big stack, rather than a good chance of winning slightly more than my money back.  Otherwise I'd go invest it (not now obviously as we head into a global recession) in the stock market and enjoy the long term gains.