Why going for 1.02 odds and below

[OgNasty]

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?

You're right that as an individual bet, there's little reason to take this sort of risk.  However, if you think you have a few "sure things" in the mix, you could benefit by combining them with other bets to give you a much better possible outcome.  This adds additional risk to your bet, but it's a strategy I've used on occasion when I think a game is in the bag.  There's also with live betting the option to bet with these sorts of odds near the end of a game when the chance for a loss is almost 0. 

Betting with those odds before a game on a single bet though...  Seems like not the best idea.

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[AmoreJaz]

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.

to be honest, it is not really worth placing your bet on those very low odds. unless, you have good amount of money to bet with. at least the possible profits is quite significant. you can see those odds if the bookies is thinking that athlete has very high chance of winning. but for small bettors, i don't think it is worth your time betting on such odds.

[Get-Paid.com]

It could be done as a strategy to increase your betting % (VIP%) and get more bonuses for it.
Read here:

https://gamblingfreebies.com/strategy/finding-a-value-bet/

This post explains very well how a 1.01 bet could be extremely valuable.

[Joca97]

I think everything under 1000$ per bet for this kind of odds is really low profit. It would take a long time to get anything that is a solid amount. Also its not easy winning 100 bets at 1.02 odds. Plus some bettors use this kind of odds either to boost their wager amount or too boost their parlay odds. But this is still really low amount of odds for any serious profit

[jostorres]

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.

Yeah. This is still gambling even if you say that you are confident with your pickings, sh!t can still happen sometimes making those underdogs win in the game so it's not really wise to risk a high-value bet if the return is only tiny when you win the game. Id rather risk high but the return is also high. Odds like that are not attractive but I wonder why they are available? Does it mean there are gamblers who choose it?

Hmm but for what purpose? Maybe it's also for wagering? Like on what we see in a casino, where gamblers can bet a little higher in a very high win chance game only to wager a little faster but they don't earn a profit this way.

[Johnyz]

I think everything under 1000$ per bet for this kind of odds is really low profit. It would take a long time to get anything that is a solid amount. Also its not easy winning 100 bets at 1.02 odds. Plus some bettors use this kind of odds either to boost their wager amount or too boost their parlay odds. But this is still really low amount of odds for any serious profit

Will not waste my time on that kind of bet, I don’t see any excitement there and what ever their purpose is, I don’t think it’s working. Sportsbook might have the option to decline those kind of odds but they still allow it for some reason so be it. If you are not ok with that then just ignore that option and go for the odds that you think is fair and exciting, I always bet on a good odds.

[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.

to be honest, it is not really worth placing your bet on those very low odds. unless, you have good amount of money to bet with. at least the possible profits is quite significant. you can see those odds if the bookies is thinking that athlete has very high chance of winning. but for small bettors, i don't think it is worth your time betting on such odds.

Even if i do have that big money then i couldnt really take up the risk.Betting up $1000 for 2% profit or gains? I wouldnt really be that on proper mind would be doing that.
Just i have said that anything below 1.4 is never been a good bet to take on even how sure the player or team would be winning.There's always chance of upset and you would be fucking up
your huge bet if things turns out to be sour but well its our money then to those who could really able to take that huge risk on make low odd betting.
Its never been worth.Period.

[serjent05]

It could be done as a strategy to increase your betting % (VIP%) and get more bonuses for it.
Read here:

https://gamblingfreebies.com/strategy/finding-a-value-bet/

This post explains very well how a 1.01 bet could be extremely valuable.

Yeah, it works the same way as Dice.   I also can't find enough reason to go after those bets except for point making to qualify for some events or VIP rankings.  Others may think why not go for Dice, well Dice is really a good way to make point requirements for VIPs but I think Casino offers more points (like x2 or x3 if wagered on sports betting) for bets on sports betting than Dice.

[blockman]

It's not worth it but for small bettors, a cent of gain is good enough knowing who's going to be the match winner. And for some casinos, there's the wagering bonus that you can fill with that bet even if the odds are too low.
There are also times, that a supporter won't mind about betting with his favorite team at a low odds as long as he's putting his trust to them and that little profit that he's getting won't really be a matter to him as he's shown support through betting for them.

[romero121]

It could be done as a strategy to increase your betting % (VIP%) and get more bonuses for it.
Read here:

https://gamblingfreebies.com/strategy/finding-a-value-bet/

This post explains very well how a 1.01 bet could be extremely valuable.

Yeah, it works the same way as Dice.   I also can't find enough reason to go after those bets except for point making to qualify for some events or VIP rankings.  Others may think why not go for Dice, well Dice is really a good way to make point requirements for VIPs but I think Casino offers more points (like x2 or x3 if wagered on sports betting) for bets on sports betting than Dice.

Very few does it as a way to increase the wager and reach VIP levels. With majority of the people it is all about the understanding that the lower odds will win. When we make a bet on sports that we don't have much idea, it is always preferred to go with the lower odds. This way winning probability can be increased.

[Bitinity]

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What is your opinion?

Betting on sports with odds under 1.1 does not worth the risk for me. Although I do not bet on sports much for sure I will never bet with such low odds and I would not even put it on parlay bet. I will always prefer to bet on sports with odds more than 1.5. I cant imagine what people feel when they lose their bet on such low odds? The same applies in other games such as dice or any other game where we can set/choose the payout, I will not bet with low odds no matter what the reason is. Even if my main purpose is to increase my wager statistic, I will still prefer to bet on higher odds than 1.1

[rby]

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.

You got the real point, apart from that is is bet for big players or whales, I have taken advantage of such odds myself by accumulating bets. After making my nice picks, I will have to add the small odds, the more you add the more multiplier you get when you are already on a long roll. Those odds are not good for single bets, unless for big players, but I use them to offset odds and have chances of technically increasing rewards. But in some cases they fail too, even as 100% sure as they may seem.

[Oceat]

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.

You got the real point, apart from that is is bet for big players or whales, I have taken advantage of such odds myself by accumulating bets. After making my nice picks, I will have to add the small odds, the more you add the more multiplier you get when you are already on a long roll. Those odds are not good for single bets, unless for big players, but I use them to offset odds and have chances of technically increasing rewards. But in some cases they fail too, even as 100% sure as they may seem.

This is what I called as risking your money on a lower odds just to get the highest reward this may seem to work if you done it that way making bets of all the smallest odds but you are right also that it's not a good guarantee that you will make profit from this kind of strategy since most of the time it's always on a losing team considering the odds that they show.

This is risking despite the odds and a very few people I would say have win in this kind of play.

[alegotardo]

~snip~

What is your opinion?

The odds really tend to be "ridiculously" low when there are very high probabilities of a certain outcome occurring.
I usually place my bets well in advance of the start of the game, and I rarely change them as the game progresses.
Betting systems will always try to protect themselves from losses when they notice that there are high chances of a certain outcome happening.
Something that may seem little to us (punters) is a voluminous value multiplied by the thousands of bets made.

[bittraffic]

~snip~

What is your opinion?

The odds really tend to be "ridiculously" low when there are very high probabilities of a certain outcome occurring.
I usually place my bets well in advance of the start of the game, and I rarely change them as the game progresses.
Betting systems will always try to protect themselves from losses when they notice that there are high chances of a certain outcome happening.
Something that may seem little to us (punters) is a voluminous value multiplied by the thousands of bets made.

Obviously, there is a mismatch in the game. It's like the fight of Canelo vs GGG today's odds. Something tells a bettor to simply bet on the odds or what the bookmakers are telling you because it's a safe bet. Only a fluke to end an upset is the chance of winning to go for the other fighter. And it's usually true also to which an example is the Chimaev vs Holland fight.

[noormcs5]

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.

to be honest, it is not really worth placing your bet on those very low odds. unless, you have good amount of money to bet with. at least the possible profits is quite significant. you can see those odds if the bookies is thinking that athlete has very high chance of winning. but for small bettors, i don't think it is worth your time betting on such odds.

Low odds are not worth considering for me. When we bet on a match, the main goal is to get some money (profit), when we win the bet. So if the odds are too little we may only get our seed money back with those odds and its not worth the time.

Also, there are so many sports and games to bet upon, why not find a game where houses are offering some good odds and avoid the games with bets like 1.1 or 1.2.

[CoinEraser]

I don’t bet often, but when I do, I prefer to bet with low odds, as the chance to win is quite high. I’m happy, even if my profit is very small. That’s why I’ve rarely lost in betting. I know I can still lose, but it just makes me feel safer. It might not be a good strategy, but it's just fun for me. That’s why I don’t have a problem when the odds are low. 

[minime0105]

I know what you are trying to point out, the accumulation of the odds that will give you a reasonable amount of funds to win, yes the odds are too small but the fact is that some people prefer to use those lower odds since they will win the least of $10 or $20 for their bet, instead of playing with big odd and lose everything. Really it's good to play with a high odd so that when you win it will be reasonable amount, because even the low odd theirs no much assurance that you will win

[blue_hurricanger]

Like many have said here. You approach it from the wrong angle. $10 isnt much so you see no point in it. But low odd bets have their charm cause it is considered to be a 'safe bet' that even though you won't earn much from 1.0x (x is a single digit), you are guaranteed to win it. A huge boon for people with a lot of money to bet, from $1,000 or up cause 1.05 of it is like ~5% or $50 free right there.

Some sportsbooks didn't like people to do it so they even close the betting if odds come to that low. Or games passed certain criteria for a comeback.

[Cookdata]

Bookmakers are very clever because the odds are dynamic, not static, and alter as the event progresses. This is due to an algorithm that simulates the event's conditions. If we have event with A and B that are competing against each other and by virtue, A can beat B but you know anything can happen in a game, if B decides to surprise the audience, the odds will begin to change by shifting more odds to A because they know they wouldn't win and the B will reduce drastically especially when the time is already elapsing or closer to the end.

It is like a waste of time to me to play these kinds of odds, but bettors with a lot of money will take the risk when they know they will win.