(Odds discussion) Would you still stick in your favorite casino if....?

[freedomgo]

I participated in a discussion in an ANN thread for one of the sportsbooks listed on the forum, and I see that odds are very important. So, I came up with this question to ask the community: how important are the betting odds to you?

Let me name some of the old sportsbooks on the forum that I'm currently using:

1-Duelbits
2-Stake
3-Sportsbet

Just these three for the purpose of demonstration. So, you are constantly betting on sports, and you are using Duelbits as your regular one. You are betting a significant amount, like $1,000 for this demo. We have game 2 of the NBA Finals. The point spread is 7.5, and you choose to bet on the Dallas Mavericks.

For Duelbits, it's offering 1.85.
For Stake, it has 1.80.
For Sportsbet, it has 1.90.

Would you shift to the sportsbook with bigger odds or would you stay?

[Hirose UK]

I personally will tend to stick to the main gambling site which is always used with relatively larger balance than the others, I sure that even though you also use three different gambling sites there will definitely be one of them that is the most favorite and always used, use it more often.
For the odd difference, there won't be big difference, maybe it only very slight so that the odd difference will never make me deliberately move to another gambling site, unless the odd difference is very large then that could be the main choice.
However, in the same bet on different sites, it would definitely be impossible to have very large odd difference, as you mentioned with relatively small odd number.
But some gamblers might prefer to switch to another site because there are odd differences, even if they are only small, we will not be able to find the same goals from one gambler to another.

[Solosanz]

$1,000 is big, but it's not a significant amount.

If you bet on Stake you will receive $1,800, if you bet on Sportsbet you will receive $1,900, the difference is $100, but we haven't calculate the tax and withdrawal fee. The good thing sportsbet have free withdrawal, so you will earn more than betting on Duelbits and Stake. But, Duelbits sometime offer odds boost that will make you able to earn more than Stake and Sportsbet.

I'd say if you bet more than $10K, you need to consider to pick bookies with higher odds, lower than that you can bet in any sites.

[bittraffic]

It depends on how often you see that kind of difference. But most of the time, the odds are very close to just a decimal 0.05-0.10. There is not much difference IMO. But to some of us here who apparently use altcoins to bet, it may be a big factor in choosing which betting site.

[Nrcewker]

It depends on the situation. If I have funds at the other casino where I am getting high odds, then definitely I will place the bet there. But if I don’t have enough funds, then I won’t take the pain to transfer money from one casino to another by paying the transaction fees and wasting some of the time. There is a huge chance that the game outcome will change while the money is being transferred. Hence, in this type of situation, I would prefer to bet on the casino where I have funds, provided that I am getting low odds here.

[Davidvictorson]

$1,000 is big, but it's not a significant amount.

If you bet on Stake you will receive $1,800, if you bet on Sportsbet you will receive $1,900, the difference is $100, but we haven't calculate the tax and withdrawal fee. The good thing sportsbet have free withdrawal, so you will earn more than betting on Duelbits and Stake. But, Duelbits sometime offer odds boost that will make you able to earn more than Stake and Sportsbet.

I'd say if you bet more than $10K, you need to consider to pick bookies with higher odds, lower than that you can bet in any sites.

From experience, the three things I keep in mind when looking at the odds on different sportsbooks is that the odds are there to tell me whose favorite to win between the teams, how much they are favorite by, and the last and most important what my potential payout would be. From the demonstration given in the OP, the sportsbook that would guarantee me a bigger payout than the others is I choose their odds and place my bet is Sportsbet. Their odds is 1.90 and if I place my bet, my potential payout would be 1.90×1000 = 1900. Like you already said there are other factors to consider too but I'll be sticking with Sportbet because it is more practical than having an "expectation" that Duelbit would offer their odds booster which may not happen.

[Charles-Tim]

I have been checking odd differences among bookmakers in the past. What I noticed is that the odds are almost similar. Also you can see on bookie 1 that the odd is higher today, but you can see on bookie 2 that the odd is higher tomorrow. I also noticed that if a gambling site has just started providing sport betting, the odd can be a little high but when they have enough customers and reputation, the odd will become normal like other bookmakers. I do not because of odd leave a gambling site for another. Presently, I am using Stake.

[blckhawk]

I'd stick because it's a hassle to switch from casino to casino just because the odds are slightly higher than the other one, if the case was a big difference then maybe that's the time that I would switch to that casino but the difference in odds is like 0.05 or 0.1, that's not worth switching casinos, I don't have that much money to spend on gambling so I don't do any kind of switching or even funding all the casinos that I visit just so I can make the most whenever there is an infinitesimal difference in odds. I don't think that bookies would deviate so hard with the norm within the standard odds for each games, doing so would make them a bad sport and would probably earn the hate of the other bookies if they do it because they're indirectly getting their customers.

[stadus]

For me 5% difference is already a lot, just imagine, instead of getting $900 for your $1000 bet, you'll only get $850, so there's a difference of $50, that's still money dude. If we are gambling regularly, that would result to bigger losses on our part even if we are winning.

We can't even win on a game with 1% house edge, how much more this 15% house edge.

[freedomgo]

$1,000 is big, but it's not a significant amount.

Maybe it's only significant for me, but yeah we can call that a big amount only.

If you bet on Stake you will receive $1,800, if you bet on Sportsbet you will receive $1,900, the difference is $100, but we haven't calculate the tax and withdrawal fee. The good thing sportsbet have free withdrawal, so you will earn more than betting on Duelbits and Stake. But, Duelbits sometime offer odds boost that will make you able to earn more than Stake and Sportsbet.

Let's skip that withdrawal fee and the boost of odds, let's just focus on the odds. And actually, it's not only duelbits who has boost of odds, in fact it was sportsbet who implemented it first. I have an account where I can enjoy 1 boost per day, so I would choose if it we will consider it.

I'd say if you bet more than $10K, you need to consider to pick bookies with higher odds, lower than that you can bet in any sites.

Thank you for your reply.  


BTW, poll added, please vote!

[Sim_card]

I don't like movie g around from one casino to another because of little odd difference. I stick the one casino but I check the odds in different casinos to know have more advantage on my analysis. High odds are good when you are using a big amount of money to bet, and I only use little amount, so no worries of the odd difference as long as am comfortable with the casino.

[Apocollapse]

I voted yes.

Money is money, if I had a way to earn more, I will choose it.

But, it doesn't mean I will always jump to other casino when I see they offer higher odds than the current casino I usually use, because I need to consider the reputation, withdrawal fee and other promotions. There are so many scam casinos, would you take a risk to lost all of your money just to earn 5%-10% more?

[alani123]

For those that spend most or all of their gambling balances on sports then yes odds are everything. Most crypto sports books are just mirroring odds of other sites or bookie providers but with some odds worsened to account for their profit plus also crypto conversion and operation costs that might be a little higher.

So I would expect odds to be lower. But playing with crypto adds a lot of convenience so I don't look at they ususlly.

[Fivestar4everMVP]

I participated in a discussion in an ANN thread for one of the sportsbooks listed on the forum, and I see that odds are very important. So, I came up with this question to ask the community: how important are the betting odds to you?

Let me name some of the old sportsbooks on the forum that I'm currently using:

1-Duelbits
2-Stake
3-Sportsbet

Just these three for the purpose of demonstration. So, you are constantly betting on sports, and you are using Duelbits as your regular one. You are betting a significant amount, like $1,000 for this demo. We have game 2 of the NBA Finals. The point spread is 7.5, and you choose to bet on the Dallas Mavericks.

For Duelbits, it's offering 1.85.
For Stake, it has 1.80.
For Sportsbet, it has 1.90.

Would you shift to the sportsbook with bigger odds or would you stay?

Well, let's be Frank bud, betting or gambling in general is all about making money right, well, not really all about making money for everyone I guess, but then, if making money is the priority for why I betting, then we all know that higher odds signifies higher amount of money in potential winning, for this reason, I will surely shift to the casino with the higher odds, but not without some conditions, and one or two of those conditions is that..

1. The Odds from the other casino must be significantly higher than the odds on the casino I am (at that time) playing on.
2. The other casino with better odds must be a well tested and trusted reputatable casino, I can't risk my money on a new and or untrusted casino simply because of odd difference, cus at the end of the day, it's really about betting and winning with a higher odds, but it's all about being able to withdraw and or get paid your winnings in one peace without issues.

[Wexnident]

Well if you prefer to maximize your odds then the higher the odds the better. Well, I'd only ever start doing this maybe upwards $1k? I don't think it's worth the effort and time to check all the odds and swap to them when the amount you bet is below that. Other than that yea, definitely. Sports betting is for betting money anyway, kind of different on how I view it against casinos

This is ignoring the reputation of the casino, features, issues, stuff like that btw, cause if we include that then no matter how high the odds are if they were pretty bad at doing their jobs, I'd much rather go to my comfort bookie.

[Dr.Bitcoin_Strange]

The point spread is 7.5, and you choose to bet on the Dallas Mavericks.

For Duelbits, it's offering 1.85.
For Stake, it has 1.80.
For Sportsbet, it has 1.90.

Would you shift to the sportsbook with bigger odds or would you stay?

Well, we all know that if the odd is big then the win will be big too, so the simple thing I will do is to go for the casino with the biggest odd depending if it's a casino that I have been using before and already have account with them. During betting, I sometimes compare the odds that my favorite casino is offering with other casinos and if the difference are not much, then I will just go ahead and stake on the casino that I have been using. Gambler love the opportunity to win huge am, so I believe that any gambler will want to go for the casino that offers the best odd.

[Findingnemo]

I can assure you that I won't bet any amount higher than $100 in any bet whether it's casino or sport bet so for me that fraction of difference in the odds is negligible, it is going to give only $10 more but I have to go through KYC, and have to get used to their interface so I just stick with making less $10 instead of going through this process but it's just my opinion.

High rollers who bet hundreds of thousands of dollars may consider platforms that offers better odds but still they will just settle with whether they used to play because big money will hesitate to go out of our go to platform.

[sunsilk]

If I am very satisfied with the current that I am gambling with, I'd choose to stay on it and don't want to get into any other sportsbook.

I don't do a lot of transfers unless I experience something bad that makes me frustrated at all. And with that, it's time that I will choose another one.

But it rarely happens to me. Anyway, if it's for your satisfaction then choose what is best for you whether with your current or the other one.

[EluguHcman]

If it is assumed that the odds difference is based on the casino sites but on the same games and same risk on determining your winning predictions, only one thing would be involved in such circumstances which is going for a reputable casino that would not stress you at your  cashing out private time.
Most times bettors are trapped on sites with an opening of bigger odds.

[Sunderland]

The odds difference at different casinos usually wont be more than 5%, even if it goes above 5% - I can assure you that it rarely happens.
And I will not shift to another sportsbook because of the odds difference, and the reason is:
- big differences (more than 5%) in odds between sportsbooks are rare
- the odds can change at any time, sportsbook providers also monitor the markets from other competitors because if the difference is too big it is like an open invitation for arb betting abusers.
- dont want the hassle of having to do KYC at another sportsbook
- already comfortable with the current sportsbook and its community