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.

[Zadicar]

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.

Dealing up with house then we do all know that results are predetermine or simply its being designed that it will really be that gambling disadvantage on this case on which this is something that you should really be that realizing that there's no point on applying any strategies into it because you are bound to lose in the end of the line. Somehow if luck is on your side then you might be able to have some good hits but of course the time or moment that you would really be cashing out those bets will really be that something that will be that basing up into your own preference. Everything would really be considered as coincidence and it is really just that there are people who do really loves on trying out to believe into things that they are actually that giving some effects or influence in towards gambling results.

[Ojima-ojo]

The higher the multiplier, the higher the chances of losing the bet, so I believe that some of the gambler who chooses to bet on games with higher odds is mostly out of greed and also some kind of attempt to risk all and focused on the potential winning instead of the possibility of losing and risking to go bankrupt in the gaming balance, this is why it is important that we consider game with lower odds because the possibility of the team to win is higher because lower odds are given to the stronger team.

[Hirose UK]

The higher the multiplier, the higher the chances of losing the bet, so I believe that some of the gambler who chooses to bet on games with higher odds is mostly out of greed and also some kind of attempt to risk all and focused on the potential winning instead of the possibility of losing and risking to go bankrupt in the gaming balance, this is why it is important that we consider game with lower odds because the possibility of the team to win is higher because lower odds are given to the stronger team.

Yes, but with low multiplier, it is not necessarily possible to provide greater chance of winning, this is gambling and will never be able to truly assess success with all the risks of failure that exist only based on the chances or multipliers taken from each bet.
There are various algorithms that cannot be known how they work to settle a bet, there are many gamblers with winning betting tickets reaching several thousand dollars and all of them are wins that are indeed obtained because of certain factors such as luck, not because of how many multipliers can change the chances in bet.
I personally always think that success is not because of the opportunities given by the bookie on what is superior and becomes favorite, everything whether it sports betting and also various other bets such as lottery examples, will definitely have certain factors that can turn things around and make everything end not as expected.

[GreatArkansas]

The higher the multiplier, the higher the chances of losing the bet, so I believe that some of the gambler who chooses to bet on games with higher odds is mostly out of greed and also some kind of attempt to risk all and focused on the potential winning instead of the possibility of losing and risking to go bankrupt in the gaming balance, this is why it is important that we consider game with lower odds because the possibility of the team to win is higher because lower odds are given to the stronger team.

You need to consider that casinos generally have the "house edge" advantage, which means that over time, they are more likely to win.
To answer the question OP, my answer is yes, because higher stakes may not always be effective in the long term, keep that in mind,  particularly when the chances of hitting the desired multiplier are very slim.

[Kelward]

We can only speculate, they could be lucky with a few rounds, or their bankroll is big enough to go through so many losses. We should realize that we can't win everything, and sportsbook handles things differently, which was already pointed out by Russelnat. Then again, with high stakes, it usually feels like the odds are against us because our bankroll can't afford to take several losses in a row. Also, some gamblers get away with those tickets with big multipliers because they're likely losing way more than what they've won.

No matter the strategy that we choose for gambling, it'll all come down to speculating about the unknown, in the end it's luck that determines our wins. I know that the higher the bankroll the more chances that we have to win, it's a simple reasoning. We can reason that the higher the multiplier the higher the chances to lose, on the other way around the lower the multiplier the lower the chances to lose. As you said some gamblers will get away with those tickets with high multipliers, and it's likely that they've lost more than what they're winning.

[Coin_trader]

No matter the strategy that we choose for gambling, it'll all come down to speculating about the unknown, in the end it's luck that determines our wins. I know that the higher the bankroll the more chances that we have to win, it's a simple reasoning. We can reason that the higher the multiplier the higher the chances to lose, on the other way around the lower the multiplier the lower the chances to lose. As you said some gamblers will get away with those tickets with high multipliers, and it's likely that they've lost more than what they're winning.

This is a hoax. Where do you get the idea of the bolded part?

The higher your bankroll is the higher chances that will lose more money. There’s no such thing that can boost your winning chance on gambling since most of the casino games has negative EV.

Only games like poker can give you +EV that can make your statement true but in general there’s no way to boost your winning by just increasing your bankroll. You are just increasing the money that can be potential loss due to house edge.

[swogerino]

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?

These tickets happen very rarely but they do happen. I also praise parlays or multi game tickets with a relatively low odd in total kinda like from 3 to 35 multiplier in total. I think this kind of ticket has more chances to be hit than hitting a huge multiplier in a parlay ticket. However I know people who have hit it hard in winning a huge multiplier but as I said that is a rare happening, so if you want to win often use low odds parlays and if you want to hit jackpot like winnings keep trying to hit well over 10000x parlays yet you may never hit it in your entire life.

[Oasisman]

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?

Definitely not a coincidence, but there is something behind it. Not a sorcery either or any superstitious belief, because such thing as magic does not exist. That only lives in fairytales lol.
They could either be super lucky or someone is behind these winning tickets. I only have one thing for sure when someone hits a consistent huge winnings, they are either extremely lucky or someone is rigging it for them. Of course someone should make it look like they've got some antics that mostly works, but nah that's just for the show.
 

[Hewlet]

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?

it's obvious they are just trying to do what's some sort of a reverse gambling where you try to go against certain ideal outcome with the hope that things might just play out that way. Chances are that you might get lucky which I'm reality is very slim and that's the only thing they hold on to. How many times have they tried it and it worked well for them? I'm certain that if they do It 10 times that they will lose our at least 7 times. The ideal case that works normally is that the higher the multiplier, the more deficult it is to win the game. Note that bookmakers aren't setting odds just so gamblers can become more profitable than them. That you tried something a time and it worked for you at that particular instance doesn't make it a law or something you can start working with most expecially when it's something that's outside the usual norm.

[Gozie51]

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?

Like you said, it is not all the time but sometimes. If you have booked the right games whether small or big odds, the stake you have on it doesn't matter. It will always be successful and that is why you see some gamblers placing higher staking power on just one game that they believe will win  For example, if I check a football match on different prediction sites and I have the higher odd across all the sites on a team that is very much inform, I will take the risk with higher stake

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?

This is not a magic neither does it happen by happenstance. Usually if you have a lower odd bet, you are likely to have a win however little because of the few numbers of the game on the bet but if you have been greedy to pack all games in the roll to bet because of greed then they are likely to fail you because of the reduced chances of winning. So this is how it works , gamblers understand that few games can give them more winning than having more games on the slip but it is that greed for chasing higher odds that is the debacle.

[Yucky]

The higher the multiplier, the higher the chances of losing the bet, so I believe that some of the gambler who chooses to bet on games with higher odds is mostly out of greed and also some kind of attempt to risk all and focused on the potential winning instead of the possibility of losing and risking to go bankrupt in the gaming balance, this is why it is important that we consider game with lower odds because the possibility of the team to win is higher because lower odds are given to the stronger team.

The set of gamblers, you know, that keep betting on low odds, probably have cracked their own code and made up their mind, they will just go for low odds than staking high that has high risk of losing. Because casinos are profit oriented and imagine if a high stake that has high rewards has a high chance of winning, they will be on the losing end, because people will be winning more than losing.

So those high stakes are there to lure gamblers to stake, and to profit casinos. If you want to give it a try, make sure you have enough budget, you can go ahead for the high stake, but stake the amount that you can lose without losing your mind. But if you are unsure, and you are not ready for such a risk, then stick to low-odds staking, because they have the potential that they will come through for you.

Since one plus one makes two, when you gather your little profit, you will see potential big wins right in front of you. So that's why those groups of gamblers, you know, just go for little odds than going for the high stake that they are unsure of, and have low chances of winning with high chances of losing money.