Why going for 1.02 odds and below

[Welsh]

Some bookies have an accumulator bonus, so putting these on to get a extra 5% can be huge when you're already have a return that will net you a good bonus. One of the main stream fiat bookies is doing it right now, and I've employed this technique the last couple of weeks. I was actually really damn close on two occasions. Only being let down by one favourite each week. That's just how it goes though. Usually, the 1.03, 1.05 come in. Both of my favourites that lost were around the 1.25 mark.

[Fortify]

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?

I have to agree that they are really not worth placing a bet on and for the risk involved I don't think even considering 1.05x payouts to be worthwhile either. I have actually seen several (in a row) bets of the 1.02/1.03 fail to win, so they are not guaranteed by any means. You also have to remember that most sportbooks will add in a buffer amount, so in reality the sportbook sees these bets as worth simply 1x or slightly less. Unless you have the facilities to really do mass and large scale arbitrage betting, you'd be better off avoiding this type of bet altogether because it will take you such a long time to pay off and just one miscalculation can wipe out a fifty successful bets that happened previous.y

[mindrust]

It is not worth indeed. You can make a lot more than 1% just from trading shitcoins. And somehow if you happen to make the wrong trade you can get out without losing your collateral if you used a stop loss. When you gamble on a 1.01 game and lose, you will lose everything you wagered there. It don’t make the slightest sense to bet on those games. You are completely right there.

[Little Mouse]

I still remember I had a big bet on a match on New Castle (can't exactly remember) where they were leading the match with 2-0 on first half. But at the end, Man City won the game. I placed a bet for New Castle when they were driving the match. This happens a lot of time. In fact, as you said, it doesn’t make any sense to place bet for such small return while you have a chance to lose the money. Maybe you will win few matches, but at the end of the day, if you lose one single match, you are likely to lose all the profit + of course your principal amount too.

[swogerino]

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?

If you want to get 10 dollars in return it is better to place a bet on a single team which has an odd like 1.10 and above and place a 100 dollars bet.Of course it depends on the amount you have at your disposal but I think that even these low odds of 1.10 to 1.30 will get you busted a lot of times so the odds do not mean anything in sport betting.I think that it is better to run and bet on higher odds as long as you know the teams that are playing really well compared to placing bets on such low odds.

The only reason and I don't think is a logical one is for example when they want to quit but want a great motivation,and losing with 1.02 odd can be a great one showing you that gambling can never make you money.I have just quit not sport booking yet but playing slots definitely just because of such things,they don't give you any money most of the time.

[pawanjain]

It is not worth indeed. You can make a lot more than 1% just from trading shitcoins. And somehow if you happen to make the wrong trade you can get out without losing your collateral if you used a stop loss. When you gamble on a 1.01 game and lose, you will lose everything you wagered there. It don’t make the slightest sense to bet on those games. You are completely right there.

That is actually a really good idea. Cryptocurrencies have a good volatility and getting 3%-5% in a day is not that difficult.
So when we are gambling we must make sure that the bet returns are at least more than 1.1x to make a sensible bet.
Otherwise it's better off to put the capital and trading itself to earn those returns with more security.

[buwaytress]

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.

This. I imagine someone betting live on 1.01 could do it multiple times in a few hours. Nett profit 10% if you settle quickly 10 times, not to mention rakeback.

It's really the only way to squeeze a small bankroll for max wager bonus/levelings on a sportsbook.

Still not my style, though, we all know what happens to people betting on 99% win chance on dice, eventually.

[KTChampions]

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.

If a player is satisfied with a profit of 1-2% (since he bets a huge amount of money), then I can imagine how he will feel when the very event that kills his deposit happens 
Even this season we have already seen how Borussia win 2-0 in the 89th minute, but the game ends 2-3 and those who made a "guaranteed" bet lose their money.
As a result, all whales using meager coefficients come to this - losing the entire deposit due to potential winnings of a percentage or two.

[wheelz1200]

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?

It's almost a feel good bet.  For some people they need to just win a bet and betting on games like that almost secures you a win.  For me I think it's the mental part of breaking up a losing streak.  And then you feel better about betting on a more risky bet because of your "win streak".  As far as doing it for the money yeah it doesn't make sense.

[darkangel11]

The only thing that comes to my mind when you mention low odds are parlay bets. Individually such a bet is not worth it but it can increase your payout if you go for a combo.
It can also be worth it for people who want to take low risk with big money. Betting $10 sucks in this case but what if you had 10k to bet and thought this is a sure bet?

[Don Pedro Dinero]

I see the OP's point. The return is very low, and even if there are whales who can bet large amounts, the percentage is the same. If the whale instead of betting 10 and winning 0.1 bets 1,000, he wins 10. He can bet many times in an hour as has been said, yes.

We can make the numbers as big as we want, but the point is that however likely he is to win the bet:

Still not my style, though, we all know what happens to people betting on 99% win chance on dice, eventually.

Not my cup of tea either.

[n0ne]

The only thing that comes to my mind when you mention low odds are parlay bets. Individually such a bet is not worth it but it can increase your payout if you go for a combo.
It can also be worth it for people who want to take low risk with big money. Betting $10 sucks in this case but what if you had 10k to bet and thought this is a sure bet?

In combined bets it'll add value. Apart from that it is high risk of the same odds were followed on the Casinos. With sports betting on sure bets, it'll give hands depending on the bet amount. Higher the bet amount, high will be the return. Very importantly these bets can help with increasing the wager.

[xSkylarx]

-snip

Odds like that are almost sure win but ofcourse not always guaranteed, just think of a boxing match between Pacquiao and some rookie player. Many people would definitely not bet on some rookie which is not likely to win. Putting a huge bet on the player which has very low chance of winning would feel like winning a lottery if he really manages to defeat Pacquiao.

Sometimes it's fun betting on those sport games with that kind of odd, what I do is I bet a huge amount on the lower odd then put a smaller bet on the higher odd which will result to breakeven.

[blue_hurricanger]

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?

I have to agree that they are really not worth placing a bet on and for the risk involved I don't think even considering 1.05x payouts to be worthwhile either. I have actually seen several (in a row) bets of the 1.02/1.03 fail to win, so they are not guaranteed by any means. You also have to remember that most sportbooks will add in a buffer amount, so in reality the sportbook sees these bets as worth simply 1x or slightly less. Unless you have the facilities to really do mass and large scale arbitrage betting, you'd be better off avoiding this type of bet altogether because it will take you such a long time to pay off and just one miscalculation can wipe out a fifty successful bets that happened previous.y

Yes, it doesn't always mean low odds like 1.0x 100% to win. Sometimes, one team might be so popular while the other relative unknown/untested so everyone bets on the popular one, leaving that kind of odd. Still, in certain games, pass certain thresholds in a match, and the chance for a comeback is extremely low which make those low odd rate bet seems attractive to stack your fund for easily ~5% of returning.

Of course, bookmarkers ain't stupid. They also placed in criteria to close the bet sooner but not for every game. Look at Welsh's comment. Some do profit from a rare instance like that.

[smartaction]

Low Odds is have low risk if in the Football match score 3-1 or 2-0 and time over 80 min only 10 min left the game over. then Here we can predict a team to win and it is 99 percent effective . so we can bet for a must winning team with a low odds like 1.02-1.1 then we can easily with that bet . so if we make bet multiple time in a days by different match here we can easily earn a good amount .

[samcrypto]

Low Odds is have low risk if in the Football match score 3-1 or 2-0 and time over 80 min only 10 min left the game over. then Here we can predict a team to win and it is 99 percent effective . so we can bet for a must winning team with a low odds like 1.02-1.1 then we can easily with that bet . so if we make bet multiple time in a days by different match here we can easily earn a good amount .

This is possible if you are going to place a huge bet but if not, then this might be just a waste of time to many. Low odds are not profitable as many says, but yet there are some better who prefer to place on low odds because of a higher chance of winning but of course there’s still a risk here. I haven’t tried any low odds bet, and this is not my style of betting, maybe I can try if I’m not familiar with the team but with the top league, I guess very few will take this option.

[cabron]

Low Odds is have low risk if in the Football match score 3-1 or 2-0 and time over 80 min only 10 min left the game over. then Here we can predict a team to win and it is 99 percent effective . so we can bet for a must winning team with a low odds like 1.02-1.1 then we can easily with that bet . so if we make bet multiple time in a days by different match here we can easily earn a good amount .

This is possible if you are going to place a huge bet but if not, then this might be just a waste of time to many. Low odds are not profitable as many says, but yet there are some better who prefer to place on low odds because of a higher chance of winning but of course there’s still a risk here. I haven’t tried any low odds bet, and this is not my style of betting, maybe I can try if I’m not familiar with the team but with the top league, I guess very few will take this option.

This is if you have a huge amount to bet in a very low risk match. Doing this in crypto is pretty much risk since casino might hold you money while they ask for KYC and some other details. That's a lot riskier than than match you hope to win.

But there are some odds that are less riskier in sports betting in crypto if a bettor just analyze the sport.  Canelo vs GGG for instance has considerable low odds but winning options has good odds like 1.90 for Canelo by Decision. With this you don't have to bet more than a grand to win 20$

[TopTort777]

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?

Because newbie or amateur gambler see them as lossless bets; bets you can make in last minute and with 99.99% probability win. A situation when you hesitate, but 1 cent is always better than nothing. When you are scared to bet, but gambling addiction and greed cant let your money not work.

Such odds always leave a big mark when you lose. Because it is always hard to realize you have lost $10 while trying to win few cents, which makes feel like a pathetic looser.

[smartaction]

Low Odds is have low risk if in the Football match score 3-1 or 2-0 and time over 80 min only 10 min left the game over. then Here we can predict a team to win and it is 99 percent effective . so we can bet for a must winning team with a low odds like 1.02-1.1 then we can easily with that bet . so if we make bet multiple time in a days by different match here we can easily earn a good amount .

This is possible if you are going to place a huge bet but if not, then this might be just a waste of time to many. Low odds are not profitable as many says, but yet there are some better who prefer to place on low odds because of a higher chance of winning but of course there’s still a risk here. I haven’t tried any low odds bet, and this is not my style of betting, maybe I can try if I’m not familiar with the team but with the top league, I guess very few will take this option.

Low odds is not much profitable but it has low risk . Of course, if someone want to earn money through low odds, then he/she have to make a huge amount of bets. He needs to complete at least 5-6 bets per day and place at least $100 worth of each bet.  Then daily he will be able to get 10-20$ profit . i think daily 10-20$ earn for 100$ is enough earning

[Peanutswar]

People not making bets with the small odds below 1 because it does not make a good return if you are just a small wager instead it is good to make a bet if the team is sure to win and you have a large amount to bet with so you can make a  good profit with that, I tried this many times in e-sports betting it is not too much ideal to take profit it is more causes to loss if you wage that's why I always prefer a gambling casino that has a boosting with the odds like the sportsbet.io.