High odds or low odds, which do you prefer?

[harizen]

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. 

Really depends on the situation. I'm really an enthusiast of putting a bet on high odds but if I see a certain match that I think I'm 100% sure that it will win, I'm putting a decent amount at stake for at least @1.6 as the low odds I can take. I did before a BTC0.05 on the Dallas Mavericks for @1.6 odds to feel the profits as I'm sure on that bet. It was a winning bet.

There are also other games that I put up some decent amount just to feel the profits at @1.6 odds. Well then, as long as we are good at our strategy and analysis, and that makes our winning percentage better, we just have to stick to our own preferences.

After all, our money, our rules.

[1715438899]

1715438899

[1715438899]

1715438899

[1715438899]

1715438899

[slaman29]

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.

No problem, yeah I was also curious about the study. The numbers always make sense for fixed house edge games like at casinos (although every now and then someone tries to argue that a certain dice or blackjack game or roulette gives worse results at high payouts etc) after you stretch out gambling sample to smooth out variance.

Sports is a different matter, much harder to look at gambler wagering samples, in a lifetime a sports betting for me maybe hits thousands of bets, while dice I probably played half a billion bets lol.

So variance is more apparent in sports I would think.

[Falconer]

Sports is a different matter, much harder to look at gambler wagering samples, in a lifetime a sports betting for me maybe hits thousands of bets, while dice I probably played half a billion bets lol.

Although many people think that dice is a game that doesn't make sense because it only relies on luck, I think many people also like it. Another game that may be the same is slots, so dice and slots are two popular games that are most liked by gamblers in general.

It's true that sports betting is a different matter, but it seems like it would be more realistic and fun to have a good experience in this game. The probability level in sports betting is much better in my opinion compared to slots and dice but these are my assumptions which may differ from yours.

[Peanutswar]

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.

Lower odds mostly are the safe bet in a match because the number of wage to their team in the gambling platform also if the match is good between the both professional competitors it is ideal to take a risk too because they are both good and hard to make a decision but also the gamblers can skip this too because again it is more riskier to choose between those teams.

[Joca97]

Lower odds give a lot more safety and thats why you can win much easier on them. Higher odds give big payout and can be a really nice jackpot for someone if they win it. This depends on what the player likes and how to bet . If he wants to risk it he will go for higher odd

[Altryist]

Lower odds mostly are the safe bet in a match because the number of wage to their team in the gambling platform also if the match is good between the both professional competitors it is ideal to take a risk too because they are both good and hard to make a decision but also the gamblers can skip this too because again it is more riskier to choose between those teams.

Lower odds and safety in betting have nothing in common. Compliance with risk management can extend the life of your deposit, but a low rate will not do this. You can bet your entire deposit at a odds 1.05 and lost, or you can split it and bet no more than 1-3% of the deposit, and thereby get the opportunity to make many bets with a more favorable odd, say about 2. And look at the distance, can you can make money on bets, or not.

[chaser15]

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?

Regardless of the odds, I don't have any specific odds to choose but rather I'm seeing how match will goes. Since the goal is to win, it should be based on how we look at the match no matter what the odds for this. Of course, different story if we are talking about 1.2 or 1.3 as that's really low to me even the goal is to win.

I also like to consider betting on high odds if I really see the match will be favored my analysis, predictions and speculations or sometimes I just like to bet on it and challenge my luck. High odds are really tempting especially if we have a knowledge on that match.

[karabiber]

I am a firm believer that gambling is addictive. That's why I avoid high rates that involve risks. Thus i take care to protect my brain and mental health. Because the higher the risk, the higher the return. If you win money on a risky bet, you are more likely to go bankrupt on your next bet. Betting step by step and with small odds is better for my mental health.

[Kasabus]

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?

Regardless if it’s high odds or low odds, it does not change the fact that we are still gambling and that losses will always be inevitable. However, the odds will depend also on what game I gamble. I mostly bet on high odds in sports betting game like basketball since I know it quite well so the chance to win is quite high. But in some games like slots or dice, I only bet for low odds since I have less control on them.

[Piesel]

I am a firm believer that gambling is addictive. That's why I avoid high rates that involve risks. Thus i take care to protect my brain and mental health. Because the higher the risk, the higher the return. If you win money on a risky bet, you are more likely to go bankrupt on your next bet. Betting step by step and with small odds is better for my mental health.

I will rather try as much as possible not to get addicted even if the odds are so tempting, I have been a fan of low odds but in most cases, the outcome of the game doesn't seem entirely accurate and you might end up pilling up several games with low odds. But with high odds your chances of losing may be wide but your winning may be huge if the game come through.

[Vaculin]

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?

If you can afford to lose from betting high odds, i guess that's what is more important. But for me, i mostly go for low odds when i think the game is something i'm not really an expert and that anytime i know i will lose. But for some games that i think i have an edge like bastketball, betting in high odds is what i'm always fond of. Although i'm not excuse from losses but i see myself winning more than losing my funds every time i gamble.

[lixer]

Sports is a different matter, much harder to look at gambler wagering samples, in a lifetime a sports betting for me maybe hits thousands of bets, while dice I probably played half a billion bets lol.

Although many people think that dice is a game that doesn't make sense because it only relies on luck, I think many people also like it. Another game that may be the same is slots, so dice and slots are two popular games that are most liked by gamblers in general.

It's true that sports betting is a different matter, but it seems like it would be more realistic and fun to have a good experience in this game. The probability level in sports betting is much better in my opinion compared to slots and dice but these are my assumptions which may differ from yours.

Well, if he focused more on dice over sports betting, his number of bets will be much higher than the other one but if he focused on sports betting then, it's the one that can get a higher number of bets.

Those that think that dice game is only a game of luck are maybe not a true player of this game but avid fans knows that it can be both (a game of luck and at the same time a game of skill). In fact starts like martingale did originated on this game and there's also dice bots which you can use to create different strategies but for a slot game, I don't know but I think this is the real one that is only based on luck and this is a great source of pure entertainment.

[Finestream]

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?

True, losses will always be inevitable but the good thing is your losses are not that totally huge unlike if you decide to continue betting for high odds. However, for me my betting usually differs when it comes to the kind of game. I end up betting for high odds if i think the game will favor for me since i am more knowledgeable about it. But for matches that i am not sure of, not that fanatic, i just try betting on low odds since i won't be hurt anyway if i lose the bet.

[Zackgeno96]

In principle, you can gamble well with both strategies. It just depends on what you want to achieve with gambling. There are players who want to take little risk with their bets, and then they bet low on higher odds. There are also players who want to take little risk in the odds and who then bet higher amounts at odds of 1.05, for example. You can have a lot of fun with that, but if things go wrong you will also lose your entire stake.

[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.

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.

This happens sometimes and you can't really ignore them. Ask yourself if the money you'll bet on that high is the best decision, just take it as something that will never come back.
The bookies are just placing based on what they see and if you see an advantage and you've gathered data and info on which is likely going to be the winner of that match with good odds then bet for it.

[Silberman]

Sports is a different matter, much harder to look at gambler wagering samples, in a lifetime a sports betting for me maybe hits thousands of bets, while dice I probably played half a billion bets lol.

Although many people think that dice is a game that doesn't make sense because it only relies on luck, I think many people also like it. Another game that may be the same is slots, so dice and slots are two popular games that are most liked by gamblers in general.

It's true that sports betting is a different matter, but it seems like it would be more realistic and fun to have a good experience in this game. The probability level in sports betting is much better in my opinion compared to slots and dice but these are my assumptions which may differ from yours.

While I am not a fan of dice or slots that does not mean that I cannot see their appeal, casino games like sport bets can be very intimidating for the average gambler as the number of bets that you can make on each match is different and the odds are different as well, this means that unless you have a decent understanding of the odds most likely you will not know what you are doing, however slots and dice are two games which are very simple and which are more friendly towards the newbies so it is understandable they like them.

[fzkto]

I'm not a gambler, I can play poker sometimes, but I have a few friends who are into football betting. And I think they all end up losing more than they bet. That is, their mathematical expectation has been wrong more often than not. So I realized that it doesn't matter if the odds are high or low. I guess you have to be a great professional to be able to beat the casino.

[yahoo62278]

You shouldn't be looking at the odds period. High odds or low odds, a win is not guaranteed. Do your research on the game you plan on betting. Have the opponents ever faced each other? What were the previous outcomes? What were the most recent results? What is the weather gonna be that day? How does a specific team play in weather if its gonna be bad? Is the game indoors? ETC.

There are all kinds of things to consider when gambling. It's best to make an educated wager vs just looking at the odds.

[Fatunad]

You shouldn't be looking at the odds period. High odds or low odds, a win is not guaranteed. Do your research on the game you plan on betting. Have the opponents ever faced each other? What were the previous outcomes? What were the most recent results? What is the weather gonna be that day? How does a specific team play in weather if its gonna be bad? Is the game indoors? ETC.

There are all kinds of things to consider when gambling. It's best to make an educated wager vs just looking at the odds.

It's more worth considering if you do mind off these factors to be mind of rather than making yourself mindful about the odds because there are really some factors which could really affect the outcome on least expected and it's true that even if it's high odds or low odds type of game won't really be assuring about outcome precision.Dont stress yourself on how much you would gonna win by just staring on those numbers but rather stick into those considerations before making step further.

[panjul07]

If we can play both as variation in our gambling session, why need to choose one of them.
As my experience, there is a time when I play with low odds and there is also a time when I play with high odds.
It depends on my mood on which odds to play and depends on my purpose.
The most important thing for me is that as long as I know what I'm  going to play and the risk.