Why going for 1.02 odds and below

[chaser15]

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.

If that's the case then it's more make sense if those bettors with that mindset will make a parlay set with 1.02 or around odds.

If my Mathematics is correct, in 25 parlay leg bets with all odds of 1.02, the estimated profit is; $10 bet = $6, $100 bet = $60, and so on. But even at 1.02 odds, there is still a chance of losing and it turned out it's riskier to bet on 1.02 in a parlay.

I don't want a problem in my head, just ignore odds around 1.02, simple as that.

[famososMuertos]

In my case it is betting rhythm, when I bet I have a previous estimated money, so I almost always bet the same every week but they vary according to the team and its odds, that is, let's say that according to that I have $10 left of the estimated $100 I have to bet on the League "x", then to complete the cap I simply do the bet looking at the game in question and just bet.
In any case as usual if you make a bet at @1.01 with any amount cripto, you have to be aware What can you lose, it's that simple.

That is, if you bet at such a low probability without understanding the possibility you have of losing and you only think that you win 100%, it is wrong, that is what really matters, and that is where people lose:(e.g. random)

[harizen]

I guess there are just people out there that want to take the safest option as much as possible?

Not actually safe for me as that was a horrible loss if we lose decent money out of betting on that kind of odds. I didn't really know what are the reasons for some bettors still choosing that kind of odds but it's their money, therefore, their own rules.

As for me, I will never touch that odds on a straight bet.

My lowest odds that I take so far is around @1.5 but that depends on my own factors.

[Mauser]

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?

These low odd bets are more common than you think. Especially in larger tournaments there are a lot of weaker teams who are being paired with the favourites and having almost no chance of winning. You are right that it takes a long time to win a row for making up for one loss. For me it's too risky to only be betting on such small payouts. I am sure that if you place 50 bets in a row there will be one game where the underdog wins and you lose it all. A bad day for the top scoring player or a injury can ruin everything. From time to time I bet on these 1.01 or 1.02 bets, but in general the minimum should be 1.05. Like this you only need to win 20 bets in a row to recover your initial amount. The most important thing for me is to never put all my bankroll on a single bet, I always need some funds on the side in case a bet goes wrong and I need to recover.

[KTChampions]

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?

Most bookmakers give bonuses for what you bet - the more money you bet in total, the more bonus you get. Perhaps such bets are made by those bettors who do not have enough before receiving the bonus just a little bit. Therefore, they make such bets primarily to get a bonus and not to win a bet and get a huge 2% profit 
In general, this is the flip side of bets with odds of 100 or more. Someone likes to make extreme bets.

[pawanjain]

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?

When we are talking about such low odds then it also signifies that the outcome of that bet is having the edge towards that bet.
In case the odds on one side 1.02x and on the other side it's more than 3x then most probably the chances are that the winning bet would be 1.02x.
I know that the 3x bet could also win the bet and I have seen it happening as well but those cases are rare.

[dothebeats]

There is still value in this on live events especially if you bet huge amounts. It is essentially a no-risk bet with a potential to earn even just 1% of your bankroll. I would personally avoid these kinds of lines as it will be of no benefit to me since I rarely go over $100 on my bets anyway, and a 1% gain from anything lower than that bet is negligible. I'd rather bet on some other event with a tight matchup and good odds than to waste my time waiting for the result of this 1.0x bet.

[Strongkored]

What is your opinion?

Every bettor must have his own way when betting and betting at low odds can be his favorite because the possibility of winning is greater even though it is not a guarantee and it could be that low odds like that will be the target of whales where they are accustomed to risking large funds so that the profit is also large even though the risk of defeat is still there. These low odds often appear in live matches where gamblers are often more focused on the opportunity to profit than to lose

[BitcoinAccepted]

I can understand why people use this strategy. The chance of losing is minimal, let's say 1-2% per bet. So you should win every bet, but the statistics don't lie. And that means on average that you lose 1x out of 100 times. We can assume that players who bet on 1.01, bet the entire bankroll and then you lose everything. Nice idea, it might go well for a very long time, but the moment you lose once is only a matter of time. I once saw something like this with a player who was laying the 3-3 correct score at Betfair.

[ralle14]

What is your opinion?

I used to place bets on low odds and I only do them because it's one way to increase the level of my account with less risk knowing they already have a big enough lead but it's sometimes risky as there are teams that get too confident with their big leads. If account levels aren't involved then the other reason would be to include them in the parlays since they slowly add up and it's an alternative to get better odds if you don't think teams could cover the handicap.

[madnessteat]

I try not to bet with such low odds as I see no point in risking for 2% income. That's why I, just like TS, don't understand people who are willing to risk their bets for such a low profit percentage, because there is always a chance that your bet will be lost. Personally, I think the minimum possible winnings should be at least 10-15% of one bet.

[bittraffic]

It's a low-risk bet. Having that kind of ratio obviously, you are almost sure to win going for that team. I have once tried it and won just $40 for a $300 bet. I'd be regretting if I lost it, fortunately, I won.

I try not to bet with such low odds as I see no point in risking for 2% income. That's why I, just like TS, don't understand people who are willing to risk their bets for such a low profit percentage, because there is always a chance that your bet will be lost. Personally, I think the minimum possible winnings should be at least 10-15% of one bet.

It's not worth it if you have doubts that the team may lose but you may want to look at the options. I'm not into football but in boxing, you can bet on how the fighter will win like by TKO or by the decision which has good odds than just a win.

[qwertyup23]

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.

This is interesting- can you expound on the meaning of "certainty" on what you just stated?

Generally, I tend to disregard the odds stipulated and just go with my gut on the bets that I usually encounter. More importantly, I also follow the bets that most people offer in the live betting website, so I am curious on how you go with the definition of "certainty.:

As much as possible, I also go all out on bets that I am sure that the odds are higher on my favour (e.g. sportbets, etc.).

[seoincorporation]

....
That is, if you bet at such a low probability without understanding the possibility you have of losing and you only think that you win 100%, it is wrong, that is what really matters, and that is where people lose:(e.g. random)

We can call it the snow ball method, if the user go all in on each bet, then the snow ball with gets huge in the long run, but as famososMuertos mention, this is gambling and we can't always win.

Another important thing to mention is the other side of the bet, if we can bet to x1.01 then how much the underdog pays, is like hitting the jackpot in the sport bets, is really rare to see that but sometimes crazy shit happens in the sport bets, we will never forget the 7-1 on Brazil vs Germany on the 2014 FIFA World Cup  

[decodx]

Most bookmakers give bonuses for what you bet - the more money you bet in total, the more bonus you get. Perhaps such bets are made by those bettors who do not have enough before receiving the bonus just a little bit. Therefore, they make such bets primarily to get a bonus and not to win a bet and get a huge 2% profit 
In general, this is the flip side of bets with odds of 100 or more. Someone likes to make extreme bets.

That's exactly what I was thinking. Some players probably use such low betting odds to gain other benefits from them, as you mentioned. Maybe there is some kind of wagering requirement, for example when clearing bonuses, or for advancing to a higher tier and achieving VIP benefits. If a bet is very small, that might not give an advantage, as you said. But if a large bet is placed on a small odds, it might be worth betting for that reason.

[Doell]

Indeed, in fact of betting on live not worthy if look only on low odds, sometimes low odds can also lose if the match time still long. The possibility of betting at low odds is only by fans and gamblers who want to bet at low risk for any reason, but you're right OP if bet not win, just one bet it will be disaster. No guarantee of winning 100%. I rarely bet on live matches that give me a win 1.02 odds, not worthy usually I skip it too.

[Wiwo]

Those low odds are sure odds that tend winning so big bettors are aware of these odds and since it is a sure odds they accumulate more games with similar small odds and by the time they place the bet with a big amount, they earn high returns and there are odds boosters on some sportsbook markers and once your accumulated odds go higher above 8.0 odds you receive about 30% boost. So the jerk is to accumulate multiple small sure odds and make bet with a big amount.

[South Park]

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?

There are two possible explanations for this, the first one is that people don't know what they're doing and they're taking whatever odds are available to them, the second reason is that despite people liking to take a risk they also want to play it safe so they take bets like that to satisfy their desire to gamble but at the same time they'll feel secure thinking the odds they have of winning such bet are great, when in fact the odds are so bad that even if they had great luck they'll never make any money out of such bets.

[lionheart78]

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.

I think the term detrimental can be seen in both ways, betting on higher odds but having more uncertainty of winning is also detrimental to their bankroll.  I don't think it is about addiction but most people will go where the crowd goes, meaning people wanted to bet on the crowd favorite just to go with the trend.  That is one factor.  Another factor is people often thinks that it is better to have a smaller win and a better chance of bagging that wins than having a larger sum of wins but an almost impossible chance of winning.  It is a common psychology for people who "almost doesn't want to gamble" their chance of winning.

[Mahanton]

What is your opinion?

Anything below 1.4x odds then i do simply skip out yet its never been worth imho.Even if its a clear winner type of game but i dont really tend to put any risk on making bets or going all in.
Yes, ive been seeing that 1.1 as the lowest and didnt see that 1.02 which is totally insane if Bookies having these kind of odds always and its true that surprisingly there are people who are
really that a fan with these odds and making those all in type of bets because they are 100% sure that a particular team or player would win the game.
Well,  you arent forced to play or make bets with these odds but on just with your own personal mind and awareness then its never been worth.