What about low odds in sports betting?

[Julien_Olynpic]

I recently came across a discussion about low odds in sports betting. I never believed that using low odds in sports betting could lead to success. And I believed that the reason for this state of affairs was that one loss can cancel out many victories. For me, this seemed like something that did not require proof, until a man began to argue with me, who, according to him, had achieved success in sports betting and had been taking profits from bookmakers for a long period.
 His strategy is:
1. He selects matches with relatively low odds, the outcome of which is more or less clear. For example, when an experienced team plays with outsiders.
2. You should choose many such matches for diversification purposes, so that one random loss does not wipe out all your winnings.
3. It follows from this that in most cases, low odds work out, and random losses are offset by a large number of wins.
 I would like to ask you, what do you think about such strategies? What do you think are the disadvantages of this strategy?

[Wapfika]

I would like to ask you, what do you think about such strategies? What do you think are the disadvantages of this strategy?

I think it’s same with playing Dice with 98% winning chance rate. You can’t win in the long run due to the house edge while your profit is can’t catch up once losing streak occur.

The only way to become successful with low odds is by properly managing the size of your bets on match that you have high confidence of winning. But still relying on low odds still gives you -EV so this is really not a fool proof strategy as long as there’s a house edge.

Disadvantage of this strategy is you might lost patience in the end if you win tons of small profit then lose couple times that delete easily your previous profit coming from multiple matches.

[Oshosondy]

With low odd matches, you will select more matches and also likely stake higher amount of money. I have tried low odd matches before and I noticed that big amount of money that I use to bet can result to a significant loss that the low odds betting may not give me the profit in time before another loss. I have tried high and low odds matches before, the chance to win the low odd matches is higher but the money used which is bigger makes it not better at all. I prefer high odd matches again. I can still go for 1.25 odds or above but not frequent like 1.5 odds and above. Anything below I can not go for it.

[Solosanz]

Low odds makes you win more often and lose rarely, but the reward isn't worth with the risk and with just few lose you're already in loss.

High odds makes you win rarely and lose more often, but the reward is worth with the risk and even you lose often, with just few win you already recovered your past losses.

The result is same, you will lose in the long run since every match is unpredictable. If you can always bet on the right team, either low odds or high odds doesn't matter.

[MAAManda]

I would like to ask you, what do you think about such strategies? What do you think are the disadvantages of this strategy?

I've used this strategy before, overall this strategy is quite good and effective, it only requires 10 wins with @1.1 odds to get multi from our bankroll. But is this strategy as useful & effective as it is?

I've a story from a friend of mine who experienced a lot of losses from this strategy, initially he got a lot of wins from this strategy with a bet of $1000 per match. Per day he can earn $1000 to $2000 from spending all his time on workdays.

Until one day, all the foundations he had built over months of betting were destroyed due to consecutive losses from random matches. Everyone has unlucky days, and we don't know when that day will come. Remember the Argentina - Saudi Arabia match in the world cup? That's about it, no one thought that Argentina would lose to Saudi Arabia.

[Charles-Tim]

The result is same, you will lose in the long run since every match is unpredictable. If you can always bet on the right team, either low odds or high odds doesn't matter.

This is what some people do not know until they move from high odd to low odd matches. What I have noticed about sport betting is that it is not more than casinos in the sense that as casinos make use of house edge so are bookmakers making use of odds that will let people that are gambling to lose money to them than them to lose money to the people that are gambling.

But it does not matter about betting on the right team. What I have noticed about betting is that it should not be done frequently because the more someone is frequent with gambling, the higher the probability that the person will lose. Just go for one or two matches and make it not frequent at all even if you lose, just forget about the loss and not because of that continuing to gamble.

[tsaroz]

I have tried exactly the same and failed. A single loss would take away around 6 wins and in real world, the unexpected results are not rare. There's a reverse strategy to it where people bet on the team that has much better odds as its chances are rare and get huge profit when the unexpected happens.
But going through the math of probability, in long run, the loss would always win over profit as there are house edge in play even in sports betting. Sport betting casino determines the odd based on how much people have bet on each side. Theoretically, If the odd is 1:3, it means if the first option is bet with $300, the second is bet with $100, in reality, the bookmaker takes a commission making it 1.09:2.99, so which ever side you bet on, the house wins in long run.

[Huppercase]

I recently came across a discussion about low odds in sports betting. I never believed that using low odds in sports betting could lead to success. And I believed that the reason for this state of affairs was that one loss can cancel out many victories. For me, this seemed like something that did not require proof, until a man began to argue with me, who, according to him, had achieved success in sports betting and had been taking profits from bookmakers for a long period.
 His strategy is:
1. He selects matches with relatively low odds, the outcome of which is more or less clear. For example, when an experienced team plays with outsiders.
2. You should choose many such matches for diversification purposes, so that one random loss does not wipe out all your winnings.
3. It follows from this that in most cases, low odds work out, and random losses are offset by a large number of wins.
 I would like to ask you, what do you think about such strategies? What do you think are the disadvantages of this strategy?

These works most often but gambling as they say, you will have luck more than your strategies so don't feel somehow the days it doesn't workout when you pick low odds. If you are lucky in some outcomes of a game, you can win odds that are higher than your picks and sometimes, you may even win as high as 3 times of that. The impossible outcomes gives high odds, like when you pick teams like 4 or 5 to draw a match, you can actually win them but their chances are low compare with low odds, however, low odds doesn't mean it will always work as you expect.

Also, adding multiple games just because they are low also decreases your chance of winning them, if you have like 5 games with maybe 1.22 odds, that should give you an aggregate of 6.1 odds which is good but don't be surprised when one of the selected matches failed to win, it has happened to me many times and I just make the conclusion that you can't win any gambling you don't control, just play and if you are lucky for that day, you are going to win.

[348Judah]

I recently came across a discussion about low odds in sports betting. I never believed that using low odds in sports betting could lead to success.

Small odds doesn't mean we cannot win big, this is where most missed out from gambling, if you're gambling and you understand how to make your bet with different combinations irrespective of how low the odds given were, you can learn to have as many as possible and win big, while you don't have to take much risk on matches that comes with big odds and have higher risk of loosing it, while we can accumulate small odds and still make winnings if we know how to go about it.

[Woodie]

I recently came across a discussion about low odds in sports betting. I never believed that using low odds in sports betting could lead to success.

I did run the numbers, and if you have a market that you could to be your cup of milk you can be profitable...say a market of 1.10 odds done 8 times gives you 100% (2 odds) and if you are compounding it could be lower...

Btw care to share link of this discussion

And I believed that the reason for this state of affairs was that one loss can cancel out many victories.

This risk does exist but with low odds ones winning chances are so high such that if you fall you can start the recovery easy without much worry...I have friends that love these  low odds to complete challenges of $10-$1000 and they do it over and over again..

For me, this seemed like something that did not require proof, until a man began to argue with me, who, according to him, had achieved success in sports betting and had been taking profits from bookmakers for a long period.
 His strategy is:
1. He selects matches with relatively low odds, the outcome of which is more or less clear. For example, when an experienced team plays with outsiders.
2. You should choose many such matches for diversification purposes, so that one random loss does not wipe out all your winnings.
3. It follows from this that in most cases, low odds work out, and random losses are offset by a large number of wins.
 I would like to ask you, what do you think about such strategies? What do you think are the disadvantages of this strategy?

Let's just say the mathematics does play out, but remember not all low odds will work in our favour..you need a market you know inside out!

[Davidvictorson]

 His strategy is:
1. He selects matches with relatively low odds, the outcome of which is more or less clear. For example, when an experienced team plays with outsiders.
2. You should choose many such matches for diversification purposes, so that one random loss does not wipe out all your winnings.
3. It follows from this that in most cases, low odds work out, and random losses are offset by a large number of wins.
 I would like to ask you, what do you think about such strategies? What do you think are the disadvantages of this strategy?

Low odd matches will make you bet on more games and a high win rate so that the profit will be high. I think it is an emotional draining strategy. I'd rather go with high odds where I would need to select a few matches and bigger profit. Also I have had experiences where despite my low odds, the supposedly stronger team lost to the smaller one and it wiped out my wins to a very small amount.

[$crypto$]

For me, I'm not satisfied if I only choose low odds, say @1.15, especially if it's a single bet, so it's not worth it, unless you do multiple bets but still the results are small when you are unlucky, the bet will fall apart.
This second point is what I often do where making diversified bets I just keep the capital from losing all of it, but often this does not make it profitable for me.
I prefer high odds above @1.50, for example, 3 multi bets feel better by putting a little money but the results are quite good even though I often lose, it's just that now prefer to choose high odds but still the favorite team.

[ralle14]

I also remember someone doing a similar strategy where he'd only go for the lowest odds, but he only did live bets and mostly went for tennis matches.

I agree with Woodie you'll need to find a sport or league you're very familiar with because not all pre-live odds are set accurately.

The biggest downside is probably being picky with the matches you'll bet on because as you've mentioned, the strategy is similar to a parlay it only takes a quick loss or two to put you back to the starting point.

[coinerer]

I recently came across a discussion about low odds in sports betting. I never believed that using low odds in sports betting could lead to success. And I believed that the reason for this state of affairs was that one loss can cancel out many victories. For me, this seemed like something that did not require proof, until a man began to argue with me, who, according to him, had achieved success in sports betting and had been taking profits from bookmakers for a long period.
 His strategy is:
1. He selects matches with relatively low odds, the outcome of which is more or less clear. For example, when an experienced team plays with outsiders.
2. You should choose many such matches for diversification purposes, so that one random loss does not wipe out all your winnings.
3. It follows from this that in most cases, low odds work out, and random losses are offset by a large number of wins.
 I would like to ask you, what do you think about such strategies? What do you think are the disadvantages of this strategy?

Low Odd for each sector of gambling will keep you much safer as your chances of winning will be much higher. But the problem is that if you always bet big amount then you lose more than 20 winnings if you lose one bet.  So no matter what strategy you use, you cannot avoid gambling risk. So gambling should be used with great caution. And you should gamble with the amount that you can control yourself from losing. Otherwise you will regret it. Gambling is always high risk so you need to learn this risk management first then you can continue gambling at any odds.

[Porfirii]

High or low, the odds you get have already incorporated a little discount that will make you lose in the long term. If you trust in a stroke of luck then you are more likely to win after a few risky bets rather than after many low-risk ones. The law of large numbers will end up making an appearance, and IMO the more bets you make (if the odds are really low you'll have to make many, many bets), the worse for you.

On the other hand, is it even fun to play that way?

[Roseline492]

I recently came across a discussion about low odds in sports betting. I never believed that using low odds in sports betting could lead to success. And I believed that the reason for this state of affairs was that one loss can cancel out many victories. For me, this seemed like something that did not require proof, until a man began to argue with me, who, according to him, had achieved success in sports betting and had been taking profits from bookmakers for a long period.

Of course low odds are the most profitable gambling strategy most people normally use now, however is very unfortunate that most people failed to understand the chances of always winning bet through low odds because there ambition is always to win big, however the only thing about betting using low odds is that they hardly win huge money from it but sometimes is normally good for those people that has money because no matter how low those odds are the moment you stake it with a bigger amounts you stand to win huge money, also I no of someone who has been benefiting from low odds gambling for years now and he doesn't play any other game apart from low odds no matter how sure it may seem he always stick on the low odds betting and he is always making wining.

[ChiBitCTy]

Lol.  I mean there's a reason for teams or bets having low odds..that means that the chances of you having success, are, low.  I don't think this strategy makes any sense.  I would never place a sports bets solely based on the odds alone.  You've got to factor everything else in to the equation.  I agree that if you believe in a team, and that they are going to be able to overcome the odds, than that's a totally different situation.

[Sunderland]

- snip -
 I would like to ask you, what do you think about such strategies? What do you think are the disadvantages of this strategy?

Bad idea, betting on many matches even with low odds actually increases the chances of losing.
Also many sportsbooks will immediately lower the bet limit for the user who always bet at low odds because it would be considered as an abuse for the VIP rank or other bonus which is based on the wager.

If you only want to bet at low odds, I suggest to choose a well-known sportsbook that does not provide any bonuses from the wager.
And i think its better to place a bet at the odds of 1.25x and above so you dont need to bet on many matches to reduce the risk of losing.

[cabron]

It best works on multi-bets.  I have tried this myself and still am trying over and over although I've been to several loses, I still make some profits with multibets and low odds since it only needs a few bucks to win big and a high probability of success when choosing the favorable teams.

Doesn't need to bet more than $5 per parlay but if you can afford I think there is a chance of you making higher returns, you just have to choose the sport though, as it also matters.

[Z_MBFM]

I recently came across a discussion about low odds in sports betting. I never believed that using low odds in sports betting could lead to success. And I believed that the reason for this state of affairs was that one loss can cancel out many victories. For me, this seemed like something that did not require proof, until a man began to argue with me, who, according to him, had achieved success in sports betting and had been taking profits from bookmakers for a long period.
 His strategy is:
1. He selects matches with relatively low odds, the outcome of which is more or less clear. For example, when an experienced team plays with outsiders.
2. You should choose many such matches for diversification purposes, so that one random loss does not wipe out all your winnings.
3. It follows from this that in most cases, low odds work out, and random losses are offset by a large number of wins.
 I would like to ask you, what do you think about such strategies? What do you think are the disadvantages of this strategy?

Low Odd for each sector of gambling will keep you much safer as your chances of winning will be much higher. But the problem is that if you always bet big amount then you lose more than 20 winnings if you lose one bet.  So no matter what strategy you use, you cannot avoid gambling risk. So gambling should be used with great caution. And you should gamble with the amount that you can control yourself from losing. Otherwise you will regret it. Gambling is always high risk so you need to learn this risk management first then you can continue gambling at any odds.

It is true that you can win bets on Low Odd, but no matter how many bets you place, you will not be able to profit much.  However, if there is a single loss, the entire bet amount will be lost. for this reason, winning at gambling is easy, but there is a lot of risk involved, so there is no reason to be happy about gambling when you see an easy side. Every step of gambling is very risky. so gambling should be used only as fun so that it never becomes an addiction. If gambling becomes one's addiction then it will bring a lot of harm to him.