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Author Topic: Media and Gambling, How does it work?  (Read 1677 times)
Amphenomenon
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August 08, 2024, 08:20:08 PM
 #61

This is true but not entirely club performance in a season affect their betting odds like we could see with Girona last season, if Fulham where actually in top EPL and Man united 10th place the odd against each team when they faces each other will depend if this is just beginning of the season where this is obviously highly possible or mid season or season ending where if Man united ought to be having low odds of winning like 1.8 it may shift to 2+ and Fulham might just be having a odd of wining like 2.05 at most I guess depending on their performance on the point they are topping the league which might even make theirs go lower than the 2. Here I bet injuries updates will have a better influence on the match than past meetings.
Nope, having better performance and position aren't enough to make team become favorite.

You're saying that Girona become favorite against big teams in the last season, you're wrong.

The match took place in Girona's home and Girona was better than Barcelona, but look at the odds, Barcelona is still become favorite. Barcelona was having bad season since they can't beat Rayo Vallecano and lost against Shakhtar Donetsk.

-Edited Out-
Here the odd is like this from the fact that while Girona defeated Barca away at first before this second game with them last season while in comparing to big teams also like Atletico Madrid who they won earlier at home but lost to later away before their second match with Barca while also losing both home and away with Real Madrid before this Barca is also among the reason Barcelona was favorite and after all Barcelona was not really having a bad stat winning before the game domestically.

 
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Ojima-ojo
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August 08, 2024, 08:50:49 PM
 #62

Social media works to the advantages of the casino this is because, through social media, casino's are being promoted to the users who are active on those social Media handles, also we have some group that offer's games analysis on social media and even predictions of what the outcome of matches will be.

So it all ball down to the casino being at advantage of receiving more traffic to their network compared to the advantages of this for a gambler, because at some point, the casino is generating more revenue compared to how luck could rewards the gambler.

 
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AmoreJaz
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August 08, 2024, 09:11:05 PM
 #63

Social media works to the advantages of the casino this is because, through social media, casino's are being promoted to the users who are active on those social Media handles, also we have some group that offer's games analysis on social media and even predictions of what the outcome of matches will be.

So it all ball down to the casino being at advantage of receiving more traffic to their network compared to the advantages of this for a gambler, because at some point, the casino is generating more revenue compared to how luck could rewards the gambler.

Social media these days are truly influential as most people are using social media platforms to talk about their life, lifestyle or just basically what they think on everything. Do remember, with viral tweets for example, people seems to be engaging with strangers over discussions that they really don't know about. Some are just jumping on the discussion just to say they are part of it.

Hence, we can't discard the fact that social media can indeed assist casinos in getting traffic to their site. People are over on reading wall of texts for reviews. Most prefer to watch live streaming these days as it is more entertaining so to speak.

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Huppercase
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August 08, 2024, 09:29:05 PM
 #64

How often do public perceptions and media narratives influence betting odds in ongoing leagues, and how can bettors exploit these discrepancies to find value bets?

Betting odds are not even done by casinos itself, they are done by independeny service providers that base their odds on stats and performance of the tournament and not really influenced by arguments, emotions, what people think or how they feel about it. Odds judgement is strictly is what the teams are doing, the players, the coach and even the team performance, the rest are just secondary element which mostly happen during the match but all references to what I have mentioned earlier.

External factors beyond control like weather conditions, the extra minutes and injuries. Sentiments is the least thing I think casino does used in betting but perhaps events like election might be truely usable in this case but since most casino don't considered all events, it's not necessary.

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Obari
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August 08, 2024, 09:30:21 PM
 #65

How often do public perceptions and media narratives influence betting odds in ongoing leagues, and how can bettors exploit these discrepancies to find value bets?


I don’t think public opinions actually have any direct impact on betting odds and what affects odds are based on several other factors as from club performance to several other things which I don’t think public opinion is included.
I also understand how much social media and the internet is already getting really powerful and very influential on a lot of things but the truth is that, I don’t think this advancement has gotten to the gambling industry else, the result of a game could easily be predicted and that wouldn’t be a good one for a casino.

 
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iBaba
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August 08, 2024, 09:32:26 PM
 #66


Social media these days are truly influential as most people are using social media platforms to talk about their life, lifestyle or just basically what they think on everything. Do remember, with viral tweets for example, people seems to be engaging with strangers over discussions that they really don't know about. Some are just jumping on the discussion just to say they are part of it.

Hence, we can't discard the fact that social media can indeed assist casinos in getting traffic to their site. People are over on reading wall of texts for reviews. Most prefer to watch live streaming these days as it is more entertaining so to speak.

The importance and advantages of social media across all walks of life cannot be overemphasized, measuring the impact of the social media platforms across several individuals and countries, is a great tool to the massive development we have experienced in life today. I know the evolution of social media platforms came about three decades ago but to commensurate such rapid growth and enhancement in the use of social media platforms looking at the initial stage of its development and those involved in it is the most amazing part of it.

Kudos to the likes of Mark Zuckerberg, Jack Dosey, Larry Page, amongst other top founders of social media platforms like Reid Hoffman who launched the LinkedIn platform in his living room between 2002 and 2003. They have bring about a monumental change to the lives of many people around the world including the world leaders. But this brings me about asking this question, is it actually governments that are the best inventors of ideas or individuals either in their one or more numbers?

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Sandra_hakeem
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August 08, 2024, 09:36:34 PM
 #67

How often do public perceptions and media narratives influence betting odds in ongoing leagues, and how can bettors exploit these discrepancies to find value bets?
It's becoming a reality that people invest in websites and channels that are strictly making daily predictions... Its been more transforming that they found a treat in that too; call up people to get registered on the damn channel or, maybe subscribe on the site for notifications and update.... Registration and subscription ain't free anyway.. if they decide to not place it that way, you're definitely paying for every game they give out.

Every gambler that doesn't fine his speculations safe enough could enhance himself... I sure hope you are not wagering exactly what they give out to you... Regardless, I've been seeing accurate predictions most of the time too.

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August 08, 2024, 10:09:31 PM
 #68

How often do public perceptions and media narratives influence betting odds in ongoing leagues, and how can bettors exploit these discrepancies to find value bets?


Well here in the Philippines and I think around SEA, gambling is directly correlated by the media with lavish lifestyle, sexy women, and all that stuff. That's why you'd see casinos featuring big-breasted models wearing skimpy clothing, gold coins and all that shit. So people who are gullible are easily duped into playing cause they think that playing allows them to achieve things like these. The funny thing is that the government and everyone else is trying to dismantle this narrative and make people realize that gambling is not as amazing as many people think, however, they also are the ones who profiteer off of this shit, sweepstakes, PAGCOR and their licenses, and some other stuff behind the table. Talk about hypocrisy lol.


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August 08, 2024, 10:46:01 PM
 #69

How often do public perceptions and media narratives influence betting odds in ongoing leagues, and how can bettors exploit these discrepancies to find value bets?

Betting odds are not even done by casinos itself, they are done by independeny service providers that base their odds on stats and performance of the tournament and not really influenced by arguments, emotions, what people think or how they feel about it. Odds judgement is strictly is what the teams are doing, the players, the coach and even the team performance, the rest are just secondary element which mostly happen during the match but all references to what I have mentioned earlier.

External factors beyond control like weather conditions, the extra minutes and injuries. Sentiments is the least thing I think casino does used in betting but perhaps events like election might be truely usable in this case but since most casino don't considered all events, it's not necessary.
You are right here. And to add to what you have said. Betting odds are only influenced by bookmakers who are monitoring betting trends like recent form, home advantage, player injury and suspension, weather conditions and statistical analysis to adjust odds and at the end to make sure that the possible outcome is for them to make a profit.

At the end of the day, it wont be ideal to fix our hope on these factors as unexpected event may happen within or before the match and change the odds of the day. Meanwhile, we shouldn't forget that odds are not predictions.

.
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August 08, 2024, 10:53:53 PM
 #70

How often do public perceptions and media narratives influence betting odds in ongoing leagues, and how can bettors exploit these discrepancies to find value bets?
At present media is used as an important medium in the field of gambling promotion, especially in the popular social media like YouTube, Facebook and Twitter, all the time gambling advertisements are spread among all the people in the world. When a child turns on the mobile phone, the gambling advertisement creates new curiosity in him and thus a child becomes an unknowing gambler.

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August 08, 2024, 10:57:19 PM
 #71

Social media works to the advantages of the casino this is because, through social media, casino's are being promoted to the users who are active on those social Media handles, also we have some group that offer's games analysis on social media and even predictions of what the outcome of matches will be.
The media and its influencers that control the kind of content that they post in their community have little to no idea what they can do to influence the odds of a game. As they don't make those odds, they don't decide which game should be given higher odds and which one should not. That's the work of the bookmaker.
 
All the influencers can do is make their analysis and drop their predictions based on what they understand, but their opinion can't pull the leg of a casino to increase or reduce the odds of a game.

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August 08, 2024, 11:52:54 PM
 #72

How often do public perceptions and media narratives influence betting odds in ongoing leagues, and how can bettors exploit these discrepancies to find value bets?
Social media basically plays an important role in gambling advertising and it is not easy for me whether betting odds can have any effect on gambling. However, the gambling betting odds for a cricket match will mainly depend on the team and the team's performance. It will never depend on social media or social media performance. If gambling betting odds depended on social media performance, Facebook founder Mark Zuckerberg, Twitter's current owner Elon Musk would have benefited as much from gambling betting odds.

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August 09, 2024, 02:10:58 AM
 #73

Social media works to the advantages of the casino this is because, through social media, casino's are being promoted to the users who are active on those social Media handles, also we have some group that offer's games analysis on social media and even predictions of what the outcome of matches will be.

So it all ball down to the casino being at advantage of receiving more traffic to their network compared to the advantages of this for a gambler, because at some point, the casino is generating more revenue compared to how luck could rewards the gambler.
Casino owners who certainly do not want to be left behind definitely want to reap the benefits of today's media developments and by utilizing it as one way they can get even greater profits. what you said is true, casinos can get more profit from the media or through the media. because the media that currently tends to have become a necessity cannot be far from everyone and by promoting it in the media it becomes an opportunity to get more profit because of course there are occasional thoughts that everyone wants to get profit for free or with small capital and online gambling becomes their escape.

if we talk about profit, of course the bigger casino gets profit and that is a natural thing, even with physical casinos I think the casino will get more profit than gamblers. the media is currently developing making everything tend to be easy to do, including gambling which is prohibited in several countries. even though gambling is prohibited in their country, because of the growing media, they can gamble in secret.

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August 09, 2024, 02:19:46 AM
 #74

How often do public perceptions and media narratives influence betting odds in ongoing leagues, and how can bettors exploit these discrepancies to find value bets?
They're more promotions and advertisements. I don't see anything apart from that that influences everyone with their picks and niches. As long as the perception of the media remains to themselves and they're just expressing what kind of narratives they're seeing.

Viewers and bettors nowadays are wise because they know that if a pick has been suggested by the media, it's more likely to avoid with and not let themselves be influenced by it.

These media companies are being paid to influence people's thought on which they should follow the flock based on what they think is profitable to them. Yes, profitable to the casinos and not to the bettors.

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August 09, 2024, 02:39:05 AM
 #75

How often do public perceptions and media narratives influence betting odds in ongoing leagues, and how can bettors exploit these discrepancies to find value bets?



We always follow the media and the public follows their word. Media always introduces the public to different things so we always get to know those unknown facts through media. Moreover, nowadays the media also gives a lot of information about the gambling platform from which we evaluate these things for betting. By following the media we can learn about our favorite team and also get a lot of information about how we can win by betting. Media plays a lot of role in every field and also in gambling media plays a very important role because if there was no publicity in the media then maybe there would be less gamblers. Nowadays people believe that all the media hypes may be true even though there are many types of gambling platforms that are scams. However, we can find a lot of knowledge in the media when there are various ideas for betting, but it is time to do your own research.

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August 09, 2024, 04:10:56 AM
 #76

as much as you use these social media platforms, they have a way of influencing the perception we have of players and clubs. A social media post that a player in a match will no longer feature in the game will make you change your bet, even after you have researched the players that will feature in the game. it is important to do our research but we shouldn't neglect the fact that social media can give out information that is kept secret by other information platforms. However, social media can also spread fake news derived from rumours, so we need to be careful.
I am not too often to use social media platforms because social media now is change from a few years ago. Social media can influencing our perception so we can trigger to follow other people perception about the team. That can makes us can not thinks clear or research for more info to find the right info and that can cause us to make a wrong decision.

The news that we gets from social media will not be fully right so that is why we must research for more to find the truth or more information that will useful for us to analyze. If we doubt with the news, we can moves forward to the other news and research again to find more. We must be careful if we read a news from social media because some people wants to trick other people for their benefits. That is why research if the most important thing to do to find more information.

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August 09, 2024, 01:38:44 PM
 #77

Viewers and bettors nowadays are wise because they know that if a pick has been suggested by the media, it's more likely to avoid with and not let themselves be influenced by it.
Doing that all the time might be profitable, but don't expect to win every time—bankroll management is still very important. What the media comments on or broadcasts is definitely based on public perception. If they capture the public's interest, they’ll attract more viewers. Although the media has no direct connection with sportsbooks, their commentary and what the public believes can influence how bookmakers set the odds for betting. We all know the saying that the public loses most of the time, which demonstrates how misleading betting odds can be.


These media companies are being paid to influence people's thought on which they should follow the flock based on what they think is profitable to them. Yes, profitable to the casinos and not to the bettors.
That's their job! they can't produce news or comments that don’t attract people. Their business goal is to gain viewers so that advertisers continue to pay for exposure to the public. It’s as simple as that. We shouldn’t think that the media are paid by bookies to mislead the public so that the bookies can win, because that's just not true.

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August 09, 2024, 04:29:24 PM
 #78

How often do public perceptions and media narratives influence betting odds in ongoing leagues, and how can bettors exploit these discrepancies to find value bets?
... If gambling betting odds depended on social media performance, Facebook founder Mark Zuckerberg, Twitter's current owner Elon Musk would have benefited as much from gambling betting odds.

That is true, but perhaps it does not happen because both Mark and Elon would find more problems than benefits from messing with the odds of the betting markets, if they are discovered messing with the odds through the influnce of their platforms then it could be classified as a case of fraud by some court and they would need to pay a large fine.
Actually, it would not be difficult for them to carry something like that out, they would just need to push some biased news against or in favor of one team to inspire fear and Fomo in half of the betting population, causing the odds to change at their will, and then when it becomes know the news does not have any credit, it would be too late, because their bets would have already been placed  

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August 10, 2024, 11:26:35 AM
 #79

Viewers and bettors nowadays are wise because they know that if a pick has been suggested by the media, it's more likely to avoid with and not let themselves be influenced by it.
Doing that all the time might be profitable, but don't expect to win every time—bankroll management is still very important. What the media comments on or broadcasts is definitely based on public perception. If they capture the public's interest, they’ll attract more viewers. Although the media has no direct connection with sportsbooks, their commentary and what the public believes can influence how bookmakers set the odds for betting. We all know the saying that the public loses most of the time, which demonstrates how misleading betting odds can be.
I won't say profitable at all times but maybe sometimes. However it is your choice if you are going to follow those picks and suggestions by the media.

Sometimes, it's worth a try but it is not for me.

These media companies are being paid to influence people's thought on which they should follow the flock based on what they think is profitable to them. Yes, profitable to the casinos and not to the bettors.
That's their job! they can't produce news or comments that don’t attract people. Their business goal is to gain viewers so that advertisers continue to pay for exposure to the public. It’s as simple as that. We shouldn’t think that the media are paid by bookies to mislead the public so that the bookies can win, because that's just not true.
That's marketing although sometimes there really is an accuracy about their picks and it is for us to think and decide whether to take it or not.

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August 10, 2024, 12:40:26 PM
 #80

How often do public perceptions and media narratives influence betting odds in ongoing leagues, and how can bettors exploit these discrepancies to find value bets?

The media influences betting odds in some cases because the media promotes what the public perception is. But those perceptions aren't very reliable when it comes to betting. I've seen bets where the opposite of what most of the media said happened. But there is no way to say that it will always be like that. I personally don't trust those things in the media. I place bets based on a team's winning statistics and their current performance. But for information I must take help of media which cannot be ignored. But the media doesn't always tell the truth. There can be a lot of lies or rumors which is why it is necessary to get information from multiple authentic media platforms without relying on any one particular media.

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