An analogy in gambling.

[Charles-Tim]

Bookies are giving high odds for so many reasons. And definitely, it is not because they want to bankrupt their site. So we can say, as much as possible, it is always for the benefit of their business. And if the gambler will go to choosing higher odds, he should very well understand the consequence that he will be more on the losing end. And if he can't afford to lose such money, better think twice before finally placing his bet.

With low odds as well. If someone is gambling but have a money that he does not want to lose, the person should not use it to gamble at all be it high odd or low odd. I have seen people that took 1.01 to 1.1 odd in sport matches before and surprisingly lost the bet. All odds are set by the bookies in a way that people that are gambling on their site will most likely lose than gain.

[Yatsan]

Do you believe this analogy as to sport betting? that sometimes, casino bets with higher stakes are likely to not cut it? Considering the amount that a certain multiplier could reach?

I've known a certain group of gamblers that would sing their praises to games with lower potential winnings. At some point, I'm stuck in-between the fact that they're either lucky with games of little potential winnings and it happens on almost every winning tickets? Again, if you're also in doubt to their belief, is their winning tickets on the low outcome always a coincidence? Also, if the casinos are always cautious as to not incuring too much to pay, how about tickets with $800k winnings?

Normal I guess in accordance to the concept of odds, meaning, the chance of winning. Bugger the odds means higher difficulty of your bet to cut in. Same reason why some people prefer low odds and are just increasing their bets because they believe that it has higher chances of winning. They're not wrong on this as well however nothing's guaranteed in gambling. Again, everything's done based on luck. Some people are indeed winning big amounts but with that, of course more people are losing which creates a balance with win-loss ratio on gambling provider's end. Best still to focus on the amount you wager, as we all know to manage the consequences of our bets. There's a difference between being lucky and being logical in gambling. You could either embrace the risk or seek for better chances.

[YOSHIE]

Do you believe this analogy as to sport betting? that sometimes, casino bets with higher stakes are likely to not cut it? Considering the amount that a certain multiplier could reach?

Isn't an analogy a parable that is often talked about by bettors regarding an event or parable that has been won or bet on in gambling, Isn't an analogy something that can be said to be a technique with the concept of re-betting as has happened and is known to previous gamblers and how can you trust that when betting.

As far as I know, gambling is basically just playing and luck, never compare other games that have been played with games that have not been played, It can be fatal in betting, even if you believe in the equation, there is no chance of guaranteeing one game versus another.

Gamble on your own instincts and beliefs, not based on the results of an analogy or something similar that has not yet happened.

[rahmad2nd]

As far as I know, every gambler has their own style and analogy in gambling. Moreover, we in Asia have different styles of betting. what I mean is in sports betting. That's why we look more at options, one of which is the term Asian handicap betting. I usually bet on football, but it's the same, odds are the main option we see and refer to when making bets. Every opportunity has been provided by the bookie, or casino. So, now which choice will you make? the lowest odds, or ideal odds according to someone's analogy refer to the bet. for me personally, we have been presented with various choices according to our taste and style if. also, based on the results of research and analysis.

Honestly, that's why I don't like odds that are too low. automatically, thus I will look for opportunities that have a probability equivalent to what I am betting on. with various methods, research and analysis, we ultimately produce conclusions and results for us to take when betting. Plus, I'm not really trying to get rich overnight when betting. or, the very high odds I took. that is the wrong rule, because I have to adjust it to my betting principles. ideally, bet only on a few matches. If possible, from all the available matches you can choose one match among them. I mean, the less the better, whatever the odds, the risk of losing is always with us. That's also why I'm not too serious about parlay betting. Just imagine, to wait for the result of a match, win or lose, the probability of whatever the outcome is is wide open.

So, how to make a $800k ticket?, that's tough dude. except, we choose the parlay option with the number of matches selected. The lowest odds are the option, however, the question is how much probability do we have of winning. I think, it depends on how willing we are to lose and risk money in it. but I'm not at all interested, one or two matches is enough with ideal odds. for me, it's that simple.

[maydna]

Although I don't believe that analogy, I think that can happens to some gamblers who have big luck. This matters can only be explain if they have big luck on gambling so they can win much money. Besides that, they can wins on almost every tickets they have.

Maybe all of that is because coincidence or something that we can't understand why that can happens. But that is happens for them and we can't follow them as we don't have the same luck like them. The casino doesn't like if many gamblers wins on their place and they will do something to prevents that. Maybe casino can allow some gamblers to wins but most of gamblers will lose their money.

[bubilas]

Do you believe this analogy as to sport betting? that sometimes, casino bets with higher stakes are likely to not cut it? Considering the amount that a certain multiplier could reach?

I've known a certain group of gamblers that would sing their praises to games with lower potential winnings. At some point, I'm stuck in-between the fact that they're either lucky with games of little potential winnings and it happens on almost every winning tickets? Again, if you're also in doubt to their belief, is their winning tickets on the low outcome always a coincidence? Also, if the casinos are always cautious as to not incuring too much to pay, how about tickets with $800k winnings?

Until recently, I thought that gambling and betting were inseparable concepts. I thought betting was part of gambling, but it's not. It turns out that despite all the common similarities, these are different phenomena. And there are many things in common: bets in any size, the influence of luck, excitement, the opportunity to get addicted.
Nevertheless, it turns out that the governments of different countries have very different attitudes towards betting and gambling. For example, betting is very often allowed, and casinos are prosecuted.

[bitbollo]

If you consider all the bets and gameplays that are made every day it is clear that there is the possibility that some very high odds will be realized. it is the same mechanism in all gambling activities... if all the results were predictable and there were never an out of the ordinary event, gambling would not have the same diffusion or maybe It will be just useless

[CryptoHeadlineNews]

If you consider all the bets and gameplays that are made every day it is clear that there is the possibility that some very high odds will be realized. it is the same mechanism in all gambling activities... if all the results were predictable and there were never an out of the ordinary event, gambling would not have the same diffusion or maybe It will be just useless

Yes, I so much agree with you on what you just said above, as it's actually because of its ability not to be predictable that has made gambling lucrative which everybody wishes to venture into today (i.e both gamblers & casino owners). Because if casino bets with higher odds and lower chances of winning were to always cut as predicted, then the beauty of gambling would have been short lived, as many would have been cashing out while the casino goes bankrupt, hence, it is it's ability how both small or big odds could win or lose depending on their performance, is what has kept gambling going on smoothly over the years.

[stompix]

It's not the same, sports gambling is pure luck, casino slots for example are math.
With a sports book, you could play 100 games and not win one, or be a real whatever sport fan and knowledge guru and nail 100 scores one after other, the problem with slots is that they are predetermined to let users win a portion of the total pot so sooner or later you will still lose, the more you play the more your wins and losses will start aligning to the math and the percentages of return.

Now in terms of small bets now and there, again it's math, your chances of hitting a 100x multiplier are nearly the same of nailing a 100:1 bet, it will happen at one point but till then you're going to lose a ton.