Expertise in Sports and Sports Market Knowledge

[Baofeng]

The later part is always the fact here. Being knowledgeable on what you are doing especially sports will give you higher winning chance rate since you are partly relying on your skills and not pure luck. Sportsbook has a house too which means being knowledgeable can counter this initial handicap from the casino.

You do not have to be confused, people should see gambling as pure luck. Be it casino games or sport matches on betting sites. It is good to know that casinos are not for sport betting but some sites are both casinos and bookies. Casinos provide casinos games while bookies provide sport matches betting.

Correct, but it can be applied to luck based games right?

But if you are in a sport fans and betting on a game that you know, then there are good chances or at least you have a greater chance to win because you know the teams and the sports itself.

And most likely that's why the quote is confusing, how can a "not knowing" = profitable in sports betting?

[Juse14]

............

Bettor can't always tell if there is a big win waiting for him in every event especially if he is into a sport where an underdog can win all of a sudden. Sometimes the bettor will wander to some sports with just the knowledge to play around on odds. Gamblers are risk takers.

There are some people who take part in betting just for fun or for the sake of trying their luck. They might be oblivious to the details of the sport or simply make a choice based on gut feeling or pure chance. To them, betting is more of a recreational activity, where they can experience thrill and excitement while waiting for the results.

On the other hand, there are individuals who approach betting with knowledge and analysis. They might have conducted research on teams, players, and related statistics before placing a bet. Yet even after such meticulous preparation, there are external factors beyond their control that could impact the outcome, like player injuries or tactical changes that can occur mid-game. It's this unpredictability that adds an element of suspense to what would otherwise be a mere prediction game.

In the situation of gambling, those who place bets should be ready to embrace risk and uncertainty. They understand that there is no assurance of winning in any bet; however, they still take risks with hopes of winning substantial rewards. Essentially, gambling revolves around risk-taking; the bettors involved are participants willing to confront an unknown future but hopeful for victory.

[livingfree]

Who said this?

He believes that and he's a sportsbettor? But he didn't said that it has been profitable to himself but let's assume that it was. I just don't understand about the latter part about our knowledge being factored in prices?

It seems that he's talking about the combination of knowing sports betting markets and having knowledge about the sport. What are your thoughts about that OP? You should have given yours too.

I thought the OP would give his own thoughts at the end but didn't.

Well, next time he might just add what he thinks about the topic that he's started.

In my estimation, the more you know about the sports the more you also know about sports betting. You cannot analyze a basketball team and games without discussing which team has the highest odds of winning, the underdogs, and other sports betting languages used that has been borrowed from sports. They are together. The slight difference is in learning how to use the technology that is involved and going through the sports betting website to place a bet.

That's why it is a combination as I've said and if he can also tell who said that in the quote then we'd know who's that guy. But if he don't want to disclose it, that's fine.

Anyway, for those sports bettors, we have the same thought about having the basic idea of what we're going to bet. If you bet without that background, you're not going that far that might just lead you to deal with multiple losses and frustrations.

[_act_]

But if you are in a sport fans and betting on a game that you know, then there are good chances or at least you have a greater chance to win because you know the teams and the sports itself.

Sport is also luck, including football that is mostly common among the sport matches. To win 2x in sport betting is very difficult and most gamblers prefer to go for the stronger clubs which have less than 2 odds. Example is when Manchester City is playing with a club, the odd can be as low as 1.1 but there is a chance that Manchester City can still lose or draw. Anything can happen in football, the underdog may win or draw. In casinos you will see 2 odd and 3 odd games easily but that is hard in sport because the 2 or 3 odds in sport have very low chance to win unlike in casinos.

[ajiz138]

Well, first, I will say that gambling is not an activity that one should be expecting to make profit all the time like a real business where profit is expected frequently, gambling is not like that, be it sport or other casino games. I love and gamble more on sports like football and tennis, and I can say that sometimes I can make a good win and sometimes I am faced with bad luck. Like I said before, don't fix your mind on profit-making in gambling; it cannot work base your speculation all the time. 

Sometimes there are serious people in gambling looking for an advantage with their own knowledge as an example is sports betting because they like it, so they will know which betting market is right, but I don't know why this should be made into an advantage for me this is irrelevant especially based on speculation in placing bets.

Actually some bettors experience the same fate as you including myself, where there are good wins but there is also bad luck where like yesterday's match betting on PSG sports betting but the reality is not a good win.

What I understand will definitely be at stake especially in this football match I like the most so this is one of the many bets made.

[Stepstowealth]

If you bet on sports - football, basket ball, cricket, and the others. Which is more important and offers a profitable outcome; You knowing the sports and everything about it or having knowledge and understanding of the sports betting market?

When it comes to sports betting, what holds greater significance and offers more profitable outcomes: being well-versed in the sports themselves or having comprehensive knowledge and understanding of the sports betting market?

This is what someone already said about it.

What is the use of knowledge of the betting market when you do not have any understanding of the sports you want to bet in, how are you going to make choices. The betting market is a big place where there are many gamblers making choices, sports betting is part of other betting options that are all in the betting market, so if you know about the general market and not your direct sports betting, your knowledge is still not useful. If you do not have any understanding of the sport, winning will be harder even if you know about the sports betting market.

[passwordnow]

When it comes to sports betting, what holds greater significance and offers more profitable outcomes: being well-versed in the sports themselves or having comprehensive knowledge and understanding of the sports betting market?

IMHO, there is no need to choose with those. Because even if we say that sports betting requires analysis and a background, a bettor can hit a couple of wins through luck and random betting as they all in or bet casually. I don't understand why there are people that think they're better based on their experience but not realizing that each of us don't experience the same thing. So, be grateful if some strategy or knowledge works for you based on how you do it and doesn't work the same for the others.

Well, first, I will say that gambling is not an activity that one should be expecting to make profit all the time like a real business where profit is expected frequently, gambling is not like that, be it sport or other casino games. I love and gamble more on sports like football and tennis, and I can say that sometimes I can make a good win and sometimes I am faced with bad luck. Like I said before, don't fix your mind on profit-making in gambling; it cannot work base your speculation all the time.

The reality is that many think of the same thing about making money through gambling. Regardless of how tough or easy it is for some, it is a thought that will never get removed from ages. As long as gambling is there, the differences that we've got is going to determine what we think about the gambling market to be specific in sportsbetting or the actual sports that we're well versed.

[348Judah]

If you bet on sports - football, basket ball, cricket, and the others. Which is more important and offers a profitable outcome; You knowing the sports and everything about it or having knowledge and understanding of the sports betting market?

When it comes to sports betting, what holds greater significance and offers more profitable outcomes: being well-versed in the sports themselves or having comprehensive knowledge and understanding of the sports betting market?

This is what someone already said about it.

I’m a professional sports bettor and I firmly believe not knowing about sport is in many cases an advantage to profiting from it. Many men believe their great knowledge of sport will make them money from betting on it but it’s more important to have knowledge and understanding of sports betting markets and in fact nearly all their knowledge will already be factored into the prices.

Drop your two cents y'all.

If you like, have adequate and required knowledge about sport betting, you will lose if you gamble and same applies to when you have no idea in it, we cannot predict on the gambling made on games irrespective of their kinds, it's a win or lose game, we shouldn't be expectant of one of this to be more predominant than the other, because gambling remains unpredictable, we can lose when we expect winning to come and same vice versa, even though, many are convinced that in gambling, we often lose than we win, if we cannot afford to gamble and lose, we shouldn't do it at all, we are mostly encouraged to gamble for fun and not for money.

[bitzizzix]

I think it is very important to have knowledge and understanding of sports in sports betting because this will create opportunities to win especially when big teams will play against weak teams, although any bet including sports betting is sometimes not easy to predict but knowledge of sports, the entire research can be considered comprehensively.
And to have knowledge and understanding of the betting markets, I think it depends, and if you bet a lot on sports then over time you will learn and understand it. And will learn everything involved or related to betting, but knowledge is the foundation in every bet and realize that gambling is a matter of luck.

[Baofeng]

But if you are in a sport fans and betting on a game that you know, then there are good chances or at least you have a greater chance to win because you know the teams and the sports itself.

Sport is also luck, including football that is mostly common among the sport matches. To win 2x in sport betting is very difficult and most gamblers prefer to go for the stronger clubs which have less than 2 odds. Example is when Manchester City is playing with a club, the odd can be as low as 1.1 but there is a chance that Manchester City can still lose or draw. Anything can happen in football, the underdog may win or draw. In casinos you will see 2 odd and 3 odd games easily but that is hard in sport because the 2 or 3 odds in sport have very low chance to win unlike in casinos.

Maybe what you meant is unpredictability of games, and so it's no luck in opinion. I'm not familiar with football though, but in basketball, there are great comeback in the 4th quarter or winning shots and we seldom here them says that the team won because of luck, but it's more of what we call breaks of the game.

So anything can really happen in any sports, could be underdog winning or the favorite with 1.01 odds even losing.

More on the breaks and opportunities coming to teams that eventually win in the end.

[Rockstarguy]

If you bet on sports - football, basket ball, cricket, and the others. Which is more important and offers a profitable outcome; You knowing the sports and everything about it or having knowledge and understanding of the sports betting market?

Their is no sport that betting is more profitable than others,  as far as  gambling is concerned every betting game is unpredictable. If making profit is the reason why people choose game to bet, it is likely that they will even lose more. It is better to bet on your favourite sport that you have more knowledge to predict game because this can be of good chances of winning. It is not a good idea when considering bet as a way of making money, it can lead to some negative results in gambling.  If one does not have any idea to make prediction concerning a sport their is no need playing trying to make profit by all means.

[qwertyup23]

There are two (2) factors that must be discussed here- the knowledge on the sport vs the knowledge on the general betting strategies and applications.

If a person is knowledgeable about a certain sport, then chances are is that they have crucial information that can give them the advantage over the bets. Also, they have a higher chance of predicting which team would win on a given set since they have knowledge and expertise on that given field.

If a person is knowledgeable about the general betting strategies, then they also lower the risks of losing all of their resources and they can also maximize each and every opportunity.

Personally, I would prefer the first category (knowledge on the sport) than knowledge on the general betting strategies since the latter can mostly be studied or explained easily on the internet. On the first category, this kind of information is gained through years of expertise and personal witness of the games on that given sport.

[alani123]

Of course knowing something about a sport is better than knowing nothing, because this way you can have a better understanding if the odds are ok or if they suck. But honestly don't expect anything over the top.
There is a very tangible edge against the punter on sports bets as well, just as there would be if you were playing slots or roulette. It's just not something people associate with gambling as often because it's considered a sport game or something. In reality it's more of a fun game like other casino games and skill is just secondary.

Don't expect to realistically beat the odds. You'd be lucky to be breaking even. So all these people claiming to be experts in sports betting and earning crazy amounts from it are likely lying. Don't believe them. By statistics alone it's not easy to achieve the feats they claim. And even if they make more than 50% of their predictions right, the odds are still getting in the way of breaking even most of the time.

[LUCKMCFLY]

Regarding what he says, it is because of the markets that his competition has, and the truth is something that makes no sense to me , for me sport has nothing to do with the markets, because it is something that happens on the field. So I do believe that one can win because of the knowledge one has and that way it is more feasible, someone who knows nothing about sports and yet says that he is a professional betting on sports betting is something that does not make sense. For me, I think if that's the case, it's been pure luck and that's what plays it , for me it's like that, so where I am in casino Gaming and sports betting, that's not looking good.

[dothebeats]

I beg to disagree. Knowing only the markets and not something about sports is just asking for a lot of trouble with your finances.

You can know the market's ins and outs, but without proper sports knowledge you wouldn't know how to bet and where to bet. You'll blindly pick whatever seems 'reasonable' based on your market analysis and not really what the game says. This would result to a lot of losses and, IMO, you wouldn't really get out of a hole you'll be digging if you don't reach out for some knowledge in sports betting eventually.

A good balance of both is needed in order to profit from sports betting. You will benefit from both and it will help you get profits a lot faster and easier than just having market knowledge of the sports you're planning to bet on.

[Dr.Bitcoin_Strange]

Well, first, I will say that gambling is not an activity that one should be expecting to make profit all the time like a real business where profit is expected frequently, gambling is not like that, be it sport or other casino games. I love and gamble more on sports like football and tennis, and I can say that sometimes I can make a good win and sometimes I am faced with bad luck. Like I said before, don't fix your mind on profit-making in gambling; it cannot work base your speculation all the time. 

Sometimes there are serious people in gambling looking for an advantage with their own knowledge as an example is sports betting because they like it, so they will know which betting market is right, but I don't know why this should be made into an advantage for me this is irrelevant especially based on speculation in placing bets.

Yes, it's normal to want to profit from one's sport knowledge by knowing the right club to bet on and the one to bet against, but while doing so, it's important to know that prediction doesn't work all the time. Normally, it's very possible for Team A to defeat Team B, but that will not happen in every match of that team with other team. There could be some slight mistakes in every match that can make the winning team lose too, and that's what a gambler should have in mind before gambling. If they think their knowledge of sports makes them do it all the time, then that's a fat lie. 

[PX-Z]

Yes, indeed there is this misunderstanding in sports betting that the greater the knowledge of sports one has, the more likely he or she is to win big. But in reality, it turns out that the more a person bets frequently, the higher his losses could be. This is because frequent betting promotes impulsivity and detracts from a good strategy.

I don't think it will always apply to sports betting it's where the winning will always depends on the one who execute, manage and the game, as well as the athletes. Most if the time the games odds provider tells the outcome, but there is called an upset which is winner who have the lower odds in wins that's why it still unpredictable even though people already know the games and athletes which makes the sports betting interesting.

[Ruttoshi]

If you bet on sports - football, basket ball, cricket, and the others. Which is more important and offers a profitable outcome; You knowing the sports and everything about it or having knowledge and understanding of the sports betting market?

When it comes to sports betting, what holds greater significance and offers more profitable outcomes: being well-versed in the sports themselves or having comprehensive knowledge and understanding of the sports betting market?

This is what someone already said about it.

I’m a professional sports bettor and I firmly believe not knowing about sport is in many cases an advantage to profiting from it. Many men believe their great knowledge of sport will make them money from betting on it but it’s more important to have knowledge and understanding of sports betting markets and in fact nearly all their knowledge will already be factored into the prices.

Drop your two cents y'all.

I don't think there is anyone that is a professional gambler because gamble is based more on luck than skills or knowledge. People always come up with different ways in which can enable you make profit in gambling, but I don't think that they themselves have made any big wins to change their lives.

It is good that we see gamble as a means of fun, and we should also know that we can not make profit from gamble in order to enable us accept our losses with happiness by using only the amount of money that we can afford to lose.

[AliMan]

Knowledge would just give us a good factor to call it as expert with sports analysis, but here in gambling that doesn't guarantee an accurate results since by chance every sports still depends on gameplay.
Many bettors relied on odds, but in the long run they'll be overwhelmed by sudden outcome that failing of their team happens.
What's very important is to signify the real score of the game and don't base every bet on the odds, always choose the real time walkthrough of each sport betting games.

[Yatsan]

I’m confused on the quoted post that you share here. He earlier mention that “not knowing” the sports is an advantage yet on the end part he is emphasizing that knowledge on sports is the key to success which is contradicting to each other.

The later part is always the fact here. Being knowledgeable on what you are doing especially sports will give you higher winning chance rate since you are partly relying on your skills and not pure luck. Sportsbook has a house too which means being knowledgeable can counter this initial handicap from the casino.

Same goes here, it is a bit confusing indeed. If it is not knowing anything in sports then that might be because of biases and the idea that things will still depend on one's luck. Personally, I think knowledge in sports would make you profit from this industry and will give you a better chance of winning than to just guess things and wait for your fate to decide.

For example, you are familiar with the players, team's previous matches and overall statistics. How come it won't help? Perhaps a player you know won't play on the opposing team, won't it be a factor to consider?

What creates the conflict is the idea of becoming rich in any gambling field. Yes nothing will be assured of our bets but at least analyzing is the only thing we could do in order to reduce the risk of losing, so why not grab it?