Why going for 1.02 odds and below

[Oshosondy]

On sportbooks, I have noticed some odds lower than 1.1. I definitely know that if people are not going for such low odds, bookmakers would stop adding such low odds. Even 1.08 is still better (understand me correctly, I am not saying it is better), I have noticed odds like 1.02 and 1.01. On in-play (live matches), I have even noticed 1.001 up to 1.005 to be included. Why are people going for these kinds of low odds?

Assuming I have $10 to bet with this week, going for 1.02 odd, the profit is $0.2. That means I have to bet 50 times of the same 1.02 odds to get $10 in return. But my $10 betting fund which I could lose in just a single bet. Is it worth it?

I am thinking it does not worth it at all. Why are some people going for non valued bet of such low odds? It would only encourage them to increase the amount of money they stake on a bet and yet losing it at once is possible. Not a good strategy at all.

What is your opinion?

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[dimonstration]

Odds like this usually given on live match that has almost win rate. This kind of odds is obviously not for small players because they will not gain anything from it but rather for those whale players that usually bet huge amount of money like 6 digit. Imagine how massive the profit is when you huge amount of money plus the wager volume be added to your account VIP level for your rakeback.

It’s like betting on dice game with 99% win rate.

[bitbollo]

I tell you my point of view.... regardless of the value of an odds, I try to bet on events that have the "certainty" of occurring.

for example if I can bet on the victory of a football team that wins 3-0 in the 80th minute I don't look at the odds (I consider the event as certain to occur). I don't choose an odds if it's lower but I choose if it is an event that it's going to happens.

[virasog]

I tell you my point of view.... regardless of the value of an odds, I try to bet on events that have the "certainty" of occurring.

for example if I can bet on the victory of a football team that wins 3-0 in the 80th minute I don't look at the odds (I consider the event as certain to occur). I don't choose an odds if it's lower but I choose if it is an event that it's going to happens.

Do you get the chance to place the bet on the match which is so much certain ?  Usually if the score is 3-0 in the 80th minute, the bookies will suspend the bet or give option to bet in the favor of the losing team with bigger odds like 8 or 9.

In cricket matches, I do see these 1.1 odds but they are also not worth taking the risk. What if there is a turnaround and the winning team collapsed and lost the match? You will lose the bet. I prefer to take the bet which has some reasonable odds so I get nice profit if I win the bet.

[Eternad]

I tell you my point of view.... regardless of the value of an odds, I try to bet on events that have the "certainty" of occurring.

for example if I can bet on the victory of a football team that wins 3-0 in the 80th minute I don't look at the odds (I consider the event as certain to occur). I don't choose an odds if it's lower but I choose if it is an event that it's going to happens.

Do you get the chance to place the bet on the match which is so much certain ?  Usually if the score is 3-0 in the 80th minute, the bookies will suspend the bet or give option to bet in the favor of the losing team with bigger odds like 8 or 9.

In cricket matches, I do see these 1.1 odds but they are also not worth taking the risk. What if there is a turnaround and the winning team collapsed and lost the match? You will lose the bet. I prefer to take the bet which has some reasonable odds so I get nice profit if I win the bet.

You made his comment too literal. His point was he is not looking to the number odds but rather to the probability of the pick to actually win regardless of what odds it is. This is true if you are a real sports bettor. You are not betting for the odds but rather to let your pick win because players usually support the players that’s why they are placing there bets on it that’s why there are still players that still betting on small odds on the fight.

Eg Mayweather vs Mediocre boxer. Odds will obviously small for Mayweather but still people choose him over pther player even with insane odds because people knew that Mayweather will win.

[Oshosondy]

Odds like this usually given on live match that has almost win rate. This kind of odds is obviously not for small players because they will not gain anything from it but rather for those whale players that usually bet huge amount of money like 6 digit. Imagine how massive the profit is when you huge amount of money plus the wager volume be added to your account VIP level for your rakeback.

It’s like betting on dice game with 99% win rate.

What I am thinking is that people will only use this means to have more addiction on gambling, they will think they can play frequently to turn little gain to higher profit. But in the process of frequent gambling, they may lose. Staking frequently on lower odds could be detrimental to their funds and possibly all capital may be lost. If I am a big whale, I would still prefer to go for a high odd, what I would look most into is for a bet to be valuable. Betting is not a way to make money, but should be fun, so I can still only use what I can afford to lose to bet.

[bitbollo]

You made his comment too literal. His point was he is not looking to the number odds but rather to the probability of the pick to actually win regardless of what odds it is. This is true if you are a real sports bettor. You are not betting for the odds but rather to let your pick win because players usually support the players that’s why they are placing there bets on it that’s why there are still players that still betting on small odds on the fight.

Eg Mayweather vs Mediocre boxer. Odds will obviously small for Mayweather but still people choose him over pther player even with insane odds because people knew that Mayweather will win.

that's true. I don't look the odds but in this case I am evaluating the event.
And I'll try always to place a bet in a event that I am confident it will happens or If I think there is a good chance to "exchange" the odds after I bet on this event.

Directly from my topic about betting advice:

9° Play ONLY when you are sure to win! But REMEMBER: there is not an easy betting [RULE 7] (at least for the 99.99% of the case), because, everything it's possible, and when a bet it's really to simple to win... is not quoted!!!!
Don't trust (again) tipster, likewise some one on facebook that sell H/F time bet of rigged match... ( I don't believe in this user, because if you play by yourself you can become rich with only one bet!)

of course this not means I am always trying to find bet with such lower odds, but just that also these bets have "some value" even for small amount.

[Gozie51]

I am thinking it does not worth it at all. Why are some people going for non valued bet of such low odds? It would only encourage them to increase the amount of money they stake on a bet and yet losing it at once is possible. Not a good strategy at all.

What is your opinion?

Low odds and high odds are just a thing of choice. The gamblers that taste both sides knows what strategy to bet with depending on what works for them. Particularly for me when I want to bet I search for possible high odd games to bet and not low odds because it is a game of luck, whether high odd or low odds. And you have answered the question for low odd players. They boost the odds with additional money to be a reasonable winning potential and that is what works for them, we don't have to be surprised why they do that.

[Hypnosis00]

Assuming I have $10 to bet with this week, going for 1.02 odd, the profit is $0.2.

Your calculation is wrong, your profit should be $0.02.

Honestly, I don't think that kind of odds is really attractive, although let's say that it's quite a sure win but I think it's still very risky to bet on that since no one could say who will win in the fight, meaning, there's no guaranteed winner in sports gambling.

[Adbitco]

At first those people going for such odds what is their betting amount then secondly the probability of winning is sure than choosing a high odds. Maybe they don't want to go for the higher odds to reduce tension i.e, if you wanna stake with $30 or $100 and you ended up select 4 matches at average of 1.5 or 2 odds each which would gives us 8 odds or thereof then Staking with $100 will give you a good value, therefore consider those staking with $1k would not be as those who stakes with $10. I think the higher your stake the high profit you gain, so despite 1.03 odds or 1.4 with good amount to stake you also have good pay out.

[Gozie51]

although let's say that it's quite a sure win but I think it's still very risky to bet on that since no one could say who will win in the fight, meaning, there's no guaranteed winner in sports gambling.

No odd is staked as sure win in gambling. In a ticket you will be surprised that the lowest odd is the one that will cause you the loss. Usually teams that are given such odds are big teams when they are playing against small team but sometimes there are upsets in such games. However I know some bettors that prefer such ridiculous odds but they push the odds up with extra money so that the potential winning can increase.

[Queentoshi]

I am thinking it does not worth it at all. Why are some people going for non valued bet of such low odds? It would only encourage them to increase the amount of money they stake on a bet and yet losing it at once is possible. Not a good strategy at all.

What is your opinion?

I think it is fair to reason that some people, say a very little percentage of people who stake on a bet, may not really be staking with the intention to win huge money but just the satisfaction of winning, so they do not concern so much about the odds associated with the bets whether if it is profitable or not, they just stake their bets.

[Cryptomultiplier]

I am thinking it does not worth it at all. Why are some people going for non valued bet of such low odds? It would only encourage them to increase the amount of money they stake on a bet and yet losing it at once is possible. Not a good strategy at all.

What is your opinion?

I think it is fair to reason that some people, say a very little percentage of people who stake on a bet, may not really be staking with the intention to win huge money but just the satisfaction of winning, so they do not concern so much about the odds associated with the bets whether if it is profitable or not, they just stake their bets.

If knowing when not to bet is as important as knowing what bets are worth making, then the concern for reasons why people make their ridiculous bet shouldn't bother one. Just as well put by @Queentoshi, most people derive joy from the satisfaction of just winning. Perhaps one can call it a healthy gambling life style, or playing it safe, or fear of loss syndrome or evenn sheer ignorance on techniques of betting. Whatever be the reasons why persons use such odds is justified by the satisfaction they derive. I would further  like to attribute such joy to that gotten when someone's favorite team wins. Though one doesn't get paid for cheering for his favorite club, but the joy of being a part of a winning team is exhilarating.

[Jemzx00]

Assuming I have $10 to bet with this week, going for 1.02 odd, the profit is $0.2.

Your calculation is wrong, your profit should be $0.02.

Actually, you're the one who's wrong simple multiplication should tell you that the 1.02 odd on a 10$ bet will give you 10.2$ in return if you win hence, 0.2$ profit.

Honestly, I don't think that kind of odds is really attractive, although let's say that it's quite a sure win but I think it's still very risky to bet on that since no one could say who will win in the fight, meaning, there's no guaranteed winner in sports gambling.

Odds like this on sports don't really attract much attention since the return is too small. However, people usually bet on these odds as the matchmaking isn't balanced which can be interpreted as a sure-win match. But still, it's hard to interpret a sports match as a sure win even with unfair matchmaking since the underdog usually gets underestimated.

[cryptomaniac_xxx]

Obviously it is not worth it, I mean for average gamblers like us, although it could be a 'sure win', it's so small that you will not enjoy our profits.

But then there could be gambling whales willing to bet a large sum amount of money, just to make a decent profit. So I guess it depends on how much you are willing to bet in those kind of matches. Personally, I'm not going to bet on such odds.

[YOSHIE]

I am thinking it does not worth it at all. Why are some people going for non valued bet of such low odds? It would only encourage them to increase the amount of money they stake on a bet and yet losing it at once is possible. Not a good strategy at all.

in my experience big and small odds don't guarantee you can win, but most gambling sites place small odds on the best club, big odds on the less good club, but in the field all that can be revealed.

I have experience during the match Everton vs. Liverpool, Liverpool odds 1.53 and Everton odds 1.10 percentage comparison 65/62, in fact and the facts during the match Everton vs. Liverpool ended 0-0, Another experience match Man United vs. Liverpool odds for Liverpool are 1.25 while for Man United it is 1.69 in fact Man United are winning 2-1.

From the experience of sports betting especially football, the odds for me have no effect on my bets, I focus more and consider the team playing on the field, to determine.

[dimonstration]

Odds like this usually given on live match that has almost win rate. This kind of odds is obviously not for small players because they will not gain anything from it but rather for those whale players that usually bet huge amount of money like 6 digit. Imagine how massive the profit is when you huge amount of money plus the wager volume be added to your account VIP level for your rakeback.

It’s like betting on dice game with 99% win rate.

What I am thinking is that people will only use this means to have more addiction on gambling, they will think they can play frequently to turn little gain to higher profit. But in the process of frequent gambling, they may lose. Staking frequently on lower odds could be detrimental to their funds and possibly all capital may be lost. If I am a big whale, I would still prefer to go for a high odd, what I would look most into is for a bet to be valuable. Betting is not a way to make money, but should be fun, so I can still only use what I can afford to lose to bet.

Agreed and I believe it’s only those addicted person who only choose this kind of weird odds because wagering requirements purposes. A normal gambler will rarely choose this pick because there’s a lot of betting option available with better odds than choosing a bet like this just for the increase of loyalty level.

I knew some player that consistently hunting this kind of odds for his huge bet just to have a safe bet for faming his wager. He is prioritizing more on his VIP rewards rather than the actual profit he can get on his bet as long as it is safe.

[Wexnident]

I guess there are just people out there that want to take the safest option as much as possible? I mean I guess that would make them have low a f profit, but well, some people have the mindset of "profit is profit, no matter how small". Especially if you consider how gambling itself can pretty much make your entire bankroll disappear. It probably isn't a matter of even if it's worth it or not cause as you can see it isn't, but it is safe. I guess that's the price they have to pay to be on the safe side.

I bet normally on the teams I like though, regardless of the odds.

[goinmerry]

Assuming I have $10 to bet with this week, going for 1.02 odd, the profit is $0.2. That means I have to bet 50 times of the same 1.02 odds to get $10 in return. But my $10 betting fund which I could lose in just a single bet. Is it worth it?

For me, just don't think about it since it's not worth it.

Just be on our usual way of betting without putting too much technical analysis on some advantages or related things about betting on that kind of odds.

Seriously, even if the winning chance is great, upset always happened. It's more painful to see losing at low odds compare to risking at high odds.

[tokeweed]

^  Yup.  Lmao.  No idea why it's even a question.  The juice is so huge and is devoid of any value.  Pretty much think the books are taking some money against you and winning it in the long run.  And the odds of your bet winning the match might not even be the correct odds on the line.  Think pot odds vs odds to hit your draw in poker.

I mean try doing 100 bets with the line at 1.02 and see if you get 10 bucks profit.