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Author Topic: Which has better odds, lottery, online gambling, or sports betting?  (Read 886 times)
Davidvictorson (OP)
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November 01, 2022, 06:09:41 PM
 #1

Lottery – a game with established rules where players buy tickets for a chance to win cash or other merchandise prizes.

Gambling – a game or mutual bet according to established rules whose participants, seeking monetary gain, voluntarily risk losing an amount they have paid in, and where winning or losing is determined by chance, by some event, or by the result of a sport competition.

Sports betting - Sports betting is the activity of predicting sports results and placing a wager on the outcome.

Differences
In a lottery, players compete against other players. A lottery’s prize fund is set in advance and the lottery operator does not participate in the game.

In gambling, players compete individually against the gambling operator. It is in the gambling operator’s interest to win against the players.

In Sports betting - In sports betting players places wagers on sports that include but not limited to football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels.

We have an active gambling discussion section and I would very much love to hear the opinions of experienced gamblers on which has better odds, lottery, online gambling, or sports betting?

Note: The idea for this post came from reading this article on Quora

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November 01, 2022, 06:51:45 PM
 #2

Sportsbetting is the best, if you are good. Pretty bad if you're bad.

Regular gambling would be next but varies hugely on which game you play. Best to play low house edge provably fair games.

Lottery is by far the worst, unless there's a huge jackpot, which very seldom ever happen, if ever.




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November 01, 2022, 07:05:22 PM
 #3

which has better odds, lottery, online gambling, or sports betting?

As odds for winning, best should be sports betting, if one knows the game and picks good. And worse is lottery, but the prizes are also big there.
The odds at online gambling are debatable, they depend on the game and the odds the user is choosing (if he can, for example at hi-low).

Shockingly, the chances of winning the lottery are absurdly low.

About what's written at Quora (not necessarily the "article", more the answers), well, I'm not shocked on how bad are people at math, but I'm shocked about how little they understand about the world they living in Grin

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November 01, 2022, 07:23:34 PM
 #4

In a lottery, players compete against other players. A lottery’s prize fund is set in advance and the lottery operator does not participate in the game.
The odds can be very good here since there's no chance that the lottery operator can interfere. What you don't know however is the level of skill the other players you are playing against have, if thy are more skillful, that becomes a disadvantage for you.

In gambling, players compete individually against the gambling operator. It is in the gambling operator’s interest to win against the players.
The motive to make profit can become corrupting for operators and they can wan to influence the game to their favor most of the times, so the odds of winning are lesser for you compared to lottery.

In Sports betting - In sports betting players places wagers on sports that include but not limited to football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels.
This can depend on knowledge of the sports you have. The operator can barely influence the games, so the odds are good but also influenced by luck. The operators hope you are wrong so they can win.

The better odds will be Sports bet, lottery and then gambling.

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Casdinyard
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November 01, 2022, 07:38:06 PM
 #5

Lottery – a game with established rules where players buy tickets for a chance to win cash or other merchandise prizes.

Gambling – a game or mutual bet according to established rules whose participants, seeking monetary gain, voluntarily risk losing an amount they have paid in, and where winning or losing is determined by chance, by some event, or by the result of a sport competition.

Sports betting - Sports betting is the activity of predicting sports results and placing a wager on the outcome.

Differences
In a lottery, players compete against other players. A lottery’s prize fund is set in advance and the lottery operator does not participate in the game.

In gambling, players compete individually against the gambling operator. It is in the gambling operator’s interest to win against the players.

In Sports betting - In sports betting players places wagers on sports that include but not limited to football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels.

We have an active gambling discussion section and I would very much love to hear the opinions of experienced gamblers on which has better odds, lottery, online gambling, or sports betting?

Note: The idea for this post came from reading this article on Quora
I believe that in terms of how probable you are of winning, the best odds are on sports betting. Especially if it's just between two teams pitting for a win. Normally the only factors that would really affect your win is how good the teams are, which could easily be discerned with a couple google searches. Lotteries have a reputation of being very hard to win, mathematicians around the world have stated that it's more probable for you to be struck by lightning multiple times than actually be a lottery winner. As for the others you have stated, like gambling, there's more to it than just odds. Innate skills, house edge, and knowledge of the game you are playing are good definers of how probable one is of winning.

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November 01, 2022, 07:49:00 PM
 #6

In the lottery, the advantage of the lottery operator over the player is more than 50%, which is obviously the worst option for gambling. In betting, the bookmaker's advantage is from 4 to 8 percent. In gambling, from 1 to 5 percent. The most expedient game is dice - 1% house edge.
But betting has its advantages - a variety of promotions that significantly increase your odds, plus sometimes you can find a bet with favorable odds, that is, literally one where you have an advantage over the bookmaker. There is nothing like it in the lottery or gambling.

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November 01, 2022, 07:49:55 PM
 #7

In my own opinion, sport betting odds are more favorable to gamblers compared to the other gambling listed above. The winning probability are very high when are familiar with teams in action and its very easy to learn and understand. Although sport betting has its own forms of manipulation like match fixing and some others but it's reliability is more certain than the other two.

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November 01, 2022, 08:07:06 PM
 #8

We have an active gambling discussion section and I would very much love to hear the opinions of experienced gamblers on which has better odds, lottery, online gambling, or sports betting?
It is not only about better odds, but also the one you can well analysed, the reason I prefer sport betting. Let me tell you the truth, no matter which one you choose, know that the higher the odd, the higher chance of losing, but going for odds lower than 1.25 to me is stupidity because there is still chance of losing.

Some people play to have just fun, they do not even care about the odds. As for me, I prefer sport.

As to your question, it is not easy to answer, even different sites have different odds. Just go for the one you like and have fun with the amount of money you can afford to lose.

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November 01, 2022, 08:31:31 PM
 #9

Lottery – a game with established rules where players buy tickets for a chance to win cash or other merchandise prizes.

Gambling – a game or mutual bet according to established rules whose participants, seeking monetary gain, voluntarily risk losing an amount they have paid in, and where winning or losing is determined by chance, by some event, or by the result of a sport competition.

Sports betting - Sports betting is the activity of predicting sports results and placing a wager on the outcome.

Differences
In a lottery, players compete against other players. A lottery’s prize fund is set in advance and the lottery operator does not participate in the game.

In gambling, players compete individually against the gambling operator. It is in the gambling operator’s interest to win against the players.

In Sports betting - In sports betting players places wagers on sports that include but not limited to football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels.

We have an active gambling discussion section and I would very much love to hear the opinions of experienced gamblers on which has better odds, lottery, online gambling, or sports betting?


This is an idea? Seems like a rather inane, poorly worded and obvious question really. Sports betting is a form of gambling not a separate category by itself. You probably meant casino games which tend to have pre-defined odds or if it's something like live roulette it has a natural tilt towards the house. Sports betting comes in all forms - from the barely profitable x1.01 odds to infinitely high risk and chance of winning, that could really rival the payout of some lotteries. Casino games will tend to have natural ceilings related to max bet size and the casino is much more likely to take a profit over time. Lotteries are tiny chances of winning but usually counter weighed by high payout amounts.


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November 01, 2022, 10:35:50 PM
 #10

Sports of course because you know from the start how good a player or a team is before you decide to bet on them. You have whole history available online. It's possible to bet on a rematch where you see how the first one went and if there's a chance this one is different. You also get predictions from other people who know the sport well and can help you decide. Sports betting not only gives you the highest chances of winning but is easy.

Lottery is the worst because in dice you can have 49% chance to win so it's almost half but to win a lottery you usually have less than 1%.

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November 01, 2022, 10:50:51 PM
 #11

All of them are a type of gambling honestly.

Gambling[/url] – a game or mutual bet according to established rules whose participants, seeking monetary gain, voluntarily risk losing an amount they have paid in, and where winning or losing is determined by chance, by some event, or by the result of a sport competition.

In gambling, players compete individually against the gambling operator. It is in the gambling operator’s interest to win against the players.
I guess that you're pertaining to mutual betting instead of using the word gambling itself on the first description. And these two descriptions that you've given about gambling to me isn't really the meaning of it. The latter part is what usually we do and betting against the casino, the house.

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November 01, 2022, 10:56:00 PM
 #12

Sports of course because you know from the start how good a player or a team is before you decide to bet on them. You have whole history available online. It's possible to bet on a rematch where you see how the first one went and if there's a chance this one is different. You also get predictions from other people who know the sport well and can help you decide. Sports betting not only gives you the highest chances of winning but is easy.

Lottery is the worst because in dice you can have 49% chance to win so it's almost half but to win a lottery you usually have less than 1%.

i would say the same. but that is, if you truly know the sports and the athletes very well. you will have a very good chance of winning your bets if you practically live and breath a particular sports.
but when it comes to luck-based games like those casino classics, the odds of winning depends on your luck as well as the lottery. but as you said, lottery is the worst as the chance of winning is really small as compared to like dice.
if you are into sports, better go into sports betting rather than these luck-based games.

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November 01, 2022, 10:59:07 PM
 #13

It's a case-to-case basis I guess. I would pick sportsbetting among the three. I feel like I have the best odds since I can follow the updates on a certain team and I understand the rules of the game. That just makes betting a lot easier compared to lottery and casinos where winning is based on luck for the most part.

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November 01, 2022, 11:02:25 PM
 #14

Lottery – a game with established rules where players buy tickets for a chance to win cash or other merchandise prizes.
This is the gambling form that is hard to hit but you only have to win once to become rich, I know a lot of people who's been betting for so many years and the best that they can come out is the second prize or 5/6 numbers yes we do have second prize here in our country if you miss one number.


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Gambling – a game or mutual bet according to established rules whose participants, seeking monetary gain, voluntarily risk losing an amount they have paid in, and where winning or losing is determined by chance, by some event, or by the result of a sport competition.
This is better than the lottery but your chances depend so much on luck and you are against a house edge and the house edge doesn't want you to win every day, people love to play games of chance playing these games is easy and offer excitement


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Sports betting - Sports betting is the activity of predicting sports results and placing a wager on the outcome.
If you are serious about winning in gambling, and you have the time and the effort to spare you have good odds to win in sports betting I have seen a lot of people winning huge amounts of money on sports betting.

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November 01, 2022, 11:12:43 PM
 #15

Just like everyone of us has their own opinion when it comes to decision making on what we really prefer based on the results we have been getting since we started gambling. I think sportbets could be more profitable and easier without you having to learn a whole strategy for a long time before you can start making winnings. Sportbets are mostly based on luck and lute knowledge about what we are betting on. Even the house can earn up losing in sport betting that is why many gamblers we always prefer it because of how easy it could be to make winnings.

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November 01, 2022, 11:29:26 PM
 #16

Sportsbetting is the best, if you are good. Pretty bad if you're bad.
(....)
For me, it will still depend based on the teams or players or sides you are betting on sports betting. There is some game on sports betting that the odds are really not better and not worth betting on.
All of these are considered gambling, but for me, we can adjust the risk here, because let's say you are in the lottery, low risk but a high reward (difficult to win). Compared with sports betting which most of the time there are 2 players and you only select one winner but low reward (based on odds).

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November 01, 2022, 11:29:51 PM
 #17

Selection will always depends on people favorite games to bet. But I can say that sportsbetting will give you huge chance of winning because we all need is familiarity with the sports we are betting on. If we know which team is so strong and which is not then we can use this knowledge to bet on which of them have higher advantage. Although this will not guarantee us to win always but familiarity will always matter on this.

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November 01, 2022, 11:30:13 PM
 #18

Because I am a sports lover, I think Sports betting is the best among them.
Although there is no certainty regarding the percentage to win, sports betting seems a bit easier as long as we know the sports field well.
Especially for people who have favorite sports, betting on sports will be a fun activity. And it won't be difficult to determine the bet since they are familiar with the sports matches, the teams, and the rules.

Lottery is the hardest one.
In my opinion, the chance to win in Lottery is very small. We purely rely on luck playing the Lottery.


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November 02, 2022, 12:10:58 AM
 #19

Lottery is basically the simplest form of gambling. You can easily calculate the probabilities of winning since the rules are very clear and the process of selecting the numbers is random.

Online gambling is basically the same as offline casinos. This means that every game will have different odds. Again, the rules are clear, but there are many, many different types of games with different rules, so calculating the odds might be a bit more difficult. The process of each game is still random though, but done in many different ways.

Sports betting is similar to online gambling in the sense that there are many different games and each one has different odds. The main difference here is that, although the output of the matches are considered random, some people might have extra information about what's going on in the teams, which makes the process not completely random for some people.

For example, let's say there's a match between two teams, but you went out partying the previous night with all the players of one team and they were all drinking alcohol all night.... you have information that might affect the results of the game that the general public might not know, therefore you might be in a better position there.

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November 02, 2022, 12:43:19 AM
 #20

Selection will always depends on people favorite games to bet. But I can say that sportsbetting will give you huge chance of winning because we all need is familiarity with the sports we are betting on. If we know which team is so strong and which is not then we can use this knowledge to bet on which of them have higher advantage. Although this will not guarantee us to win always but familiarity will always matter on this.

Statistically yes, because if you know that this team is stronger than the other, that can be added to your odds of winning, but this still depends on people, as some will say that it takes long to gain profit from it or not huge profits than others, unlike other gambling games where they can interact while betting. The lottery has the lowest odds for me but the highest prize of all, but you will only be relying on your luck to win, you will be betting just small amount of money but a high prize if you win.
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