Media and Gambling, How does it work?

[Republikcoin.com]

We have a lot of casinos in the industry and all of these casinos have their own specific places that they gets their updates from and to be truthful the medias too also influence the odds because the Media's are what broadcasts the news if any players will play the games or not and from there the casino will decide if they will increase their odds or reduce it.

I think it is necessary because now there is interdependence between the media and also the casino in making decisions after there is certain news from the media. Especially if in a team like football there are players who can make a big impact in the match so that the potential for the team to win can also be quite large so that the casino itself can take the right steps to make a difference in the bets that they will open to the public. So the media and the casino do need each other for their respective purposes.

[Porfirii]

We have a lot of casinos in the industry and all of these casinos have their own specific places that they gets their updates from and to be truthful the medias too also influence the odds because the Media's are what broadcasts the news if any players will play the games or not and from there the casino will decide if they will increase their odds or reduce it.

I think it is necessary because now there is interdependence between the media and also the casino in making decisions after there is certain news from the media. Especially if in a team like football there are players who can make a big impact in the match so that the potential for the team to win can also be quite large so that the casino itself can take the right steps to make a difference in the bets that they will open to the public. So the media and the casino do need each other for their respective purposes.

But there is information available for everybody, and information that is not so easy to find. In addition, if we only take the information available for everybody, it is enormous, I don't think that it can be processed by any human as effectively as casinos do.

On the other hand, casinos work with great numbers, and they are quite accurate in their analysis by monitoring the media. For the average gambler, on the contrary, random variables impact their outcome enormously, so even if they followed all the news I don't think it would assure the victory.

[Jawhead999]

They do influence betting odds in indirect way.

The odds changing because people are betting, the more people bet, the lower the odds. Since there are many people that bet by relying on medias or popular people prediction, so it will make them to bet based on what the medias saying.

It's really uncommon to see the medias and odds goes opposites.

[pusaka]

They do influence betting odds in indirect way.

The odds changing because people are betting, the more people bet, the lower the odds. Since there are many people that bet by relying on medias or popular people prediction, so it will make them to bet based on what the medias saying.

It's really uncommon to see the medias and odds goes opposites.

Yes, the media and opportunities will always run counter to each other, they will also definitely say that if the one considered weak plays beyond expectations, then the opportunity will change, or at the time the one considered strong is unlucky at that time.
Usually we will follow what the media says, but we will still definitely make an analysis based on existing statistics. Statistics are one of the things we can use to predict what will happen, besides that there are still other things we can see so that we are sure of our choice.
If we have been in the gambling arena for a long time, this should not be foreign to us, because almost every bet will have an influencing factor, one of which is the media that predicts what the results will be like.

[Findingnemo]

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 mostly based on statistics and probably done by something formulated for all the matches because they can't set odds for every ongoing match by any other methods on the other hand the bettors are the one influenced by media and public and chose their bet instead of going with their analysis or merging them together for better results which isn't wrong.

[Hispo]

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 mostly based on statistics and probably done by something formulated for all the matches because they can't set odds for every ongoing match by any other methods on the other hand the bettors are the one influenced by media and public and chose their bet instead of going with their analysis or merging them together for better results which isn't wrong.

Media can only interfere with odds if somehow mass media is used to convince people to set bets in an specific way, otherwise there is not mathematical algorithm being the calculation of odds which directly involves what ever is being said or done in social media. If it was the case social media had anything to do with the calculation of odds, then every single person who call themselves an influencer would have the potential to turn the tables on their favor, which is not obviosly the case. If anyone wants to influence the betting market, that person needs to move money to achieve it.

Also, advertisment campaigns (done in order to influence the perception of people, so they would bet differently on their favorite sports) can be very expensive and in the end of the day, it may be not worth it.

[topbitcoin]

We have a lot of casinos in the industry and all of these casinos have their own specific places that they gets their updates from and to be truthful the medias too also influence the odds because the Media's are what broadcasts the news if any players will play the games or not and from there the casino will decide if they will increase their odds or reduce it.

I think it is necessary because now there is interdependence between the media and also the casino in making decisions after there is certain news from the media. Especially if in a team like football there are players who can make a big impact in the match so that the potential for the team to win can also be quite large so that the casino itself can take the right steps to make a difference in the bets that they will open to the public. So the media and the casino do need each other for their respective purposes.

Of course, and again all the days of getting any information about a team we can get from the media, such as injured players, problems in the team and so on it becomes very important and the media has access to get the news so that it is needed by gambling to make a speculation or opportunity on the bet that will be given.

Another example is in political betting, this is a very important data base for making an opportunity, because in an online era like this the more the traffic propularity of a candidate rises, the greater the possibility of getting a win.

[Findingnemo]

Also, advertisment campaigns (done in order to influence the perception of people, so they would bet differently on their favorite sports) can be very expensive and in the end of the day, it may be not worth it.

Are you talking about manipulating the people to choose which one or the gambling houses advertising them to reach wider audience. In the later they don't do any influence regarding which one to go but all they want the people to pick either one of them and most obvious games will be lower odds which doesn't give big loss on the other hand if the underdogs beat the favorites then it's their big time so no matter what they got nothing to lose.

[Saint-loup]

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 it was happening, as you say bettors could exploit such discrepancies, it would be a kind of loophole. So afaik usually bookmakers don't take into account what media say and what is the general perception of the public about the outcomes. Things like that only happen at parimutuel betting(aka pool betting) where odds are calculated from the money bet on the different outcomes.

[Fivestar4everMVP]

Public perception are not likely to affect betting odds. The betting sites have professionals that they use to set the odds in a way the matches will not favour most of the bettors. That is just it. What that might change the odd is if one or more good players that the club wants to use is/are not selected for the match. This is the reason I prefer to bet some hours to a match.

This simply means that I was wrong, because I used to believe that casinos at the very beginning will set an odd that is equal for both clubs or team that is about to play, and then as gamblers starts betting, the team or club that is receiving the most bets (that is the favorite of the match) get their odds reduced due to the number of people betting on them to win, which also raises the odd of the opposite side, making the odd more attractive there as well to encourage gamblers to want try their luck there as well.

This has always been my believe until now, and this is possibly because I never really witnessed the listing of a new sports match, so as to tell what or how the odds looks at the very beginning.
Anyways, thanks for this information, I think now I know better.

[Zigabel]

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?

Sometimes the perception of the public really does shaping the choices some gamblers make as to their picks about which team win and who doesn't but it still doesn't stop gamblers from making really good picks that are considered better or their choice, beginners or newbies are the ones influenced the most when we talk about public opinions, somehow I think it also Influence the odd the casino places on these games, I don't really know how true but I believe it does even if it's not accurate all the time.

[Justbillywitt]

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?

Just know the strength of the team you are betting on and stay there. The media companies will always say things that will generate traffic to their sites, they don't mind painting pictures they know is not likely to happen. Just knowing the strength of a team is what matters, their recent forms will go a long way in determining the outcome of each weekend results. The odds will always favour the the club the media consider as the big team, without putting into consideration the injuries to players, their recent form, venue of the match. That's why most times we see small odds winning big odds. But when you  check these things out on your own, you are likely to find the right team to win, irrespective of the media perspectives.

[Mr. Magkaisa]

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?

       -     In my understanding, the media has a strong influence on people and is believed by most people, especially if they do not have internet access in their area. And the media can always manipulate the minds of their viewers with the wrong information.

And even if they tell the truth, the information is not 100% complete because they also change and add other stories to their news, while gambling is more about promotion.

[Jaycoinz]

The media plays a very huge role in gambling, sports betting to be precise, gamblers can get informations about a certain games from the media about a particular player or perhaps a change that was made in the formation of a club before the match starts, this can make a gambler change or readjust his selections. Bookmakers also pay attention to the media as well, that's why there are always changes in odds in most cases before a match is about to start. As a gamber that's into sports betting you must pay attention to the media in order to get key informations that might help you in your predictions.

[Dr.Bitcoin_Strange]

The media plays a very huge role in gambling, sports betting to be precise, gamblers can get informations about a certain games from the media about a particular player or perhaps a change that was made in the formation of a club before the match starts, this can make a gambler change or readjust his selections. Bookmakers also pay attention to the media as well, that's why there are always changes in odds in most cases before a match is about to start. As a gamber that's into sports betting you must pay attention to the media in order to get key informations that might help you in your predictions.

That's correct, in sports betting and prediction, information is the key. If one is not following up on the current information, they can make the right prediction but when  theirs some little changes and adjustments, if they are not following up, they can miss out and end up losing their bet, when they would have prevented it from happening if they had been aware of it.

[danherbias07]

They do influence betting odds in indirect way.

The odds changing because people are betting, the more people bet, the lower the odds. Since there are many people that bet by relying on medias or popular people prediction, so it will make them to bet based on what the medias saying.

It's really uncommon to see the medias and odds goes opposites.

Yes that's the right answer for that.

Since all this media has nothing left to do but scatter news that may be true or not, it can affect the odds that are input in gambling sites. Why? Because somehow they can still persuade gamblers who are following their news and predictions and they will probably follow their picks too.
I am not against it because ever since the internet was created, it made news from newspapers out of a job and they have to adopt to what is happening so they will either accept facts or create rumors to keep the business running. Is it bad? Yes, for innocent people who doesn't even follow the game but for those who have knowledge about it, they just ignore it.
IMO, it will all depend on us, the news will keep on creating this fake or truth news but we have our own choices to make and we don't have to rely with their picks.

[stomachgrowls]

They do influence betting odds in indirect way.

The odds changing because people are betting, the more people bet, the lower the odds. Since there are many people that bet by relying on medias or popular people prediction, so it will make them to bet based on what the medias saying.

It's really uncommon to see the medias and odds goes opposites.

Yes that's the right answer for that.

Since all this media has nothing left to do but scatter news that may be true or not, it can affect the odds that are input in gambling sites. Why? Because somehow they can still persuade gamblers who are following their news and predictions and they will probably follow their picks too.
I am not against it because ever since the internet was created, it made news from newspapers out of a job and they have to adopt to what is happening so they will either accept facts or create rumors to keep the business running. Is it bad? Yes, for innocent people who doesn't even follow the game but for those who have knowledge about it, they just ignore it.
IMO, it will all depend on us, the news will keep on creating this fake or truth news but we have our own choices to make and we don't have to rely with their picks.

What hinders out on trying to check out some news on which it could be something that be false or something that fake on and this is really that indeed common or rampant
here on crypto space. As for the talks about getting those kind of influence in regarding about on the bets that you are making then it will really be that normal that there would be things that could hinder you out
on taking up a pick because of what you had read up. We do have our own will on trying out to make out some decisions whether you are really that basically sticking into your initial plans or
you would really be acting out accordingly into the things that you've been that dealing into. There would really be those moments that you would really be that skeptical.

[Pandu Geddon]

The media plays a very huge role in gambling, sports betting to be precise, gamblers can get informations about a certain games from the media about a particular player or perhaps a change that was made in the formation of a club before the match starts, this can make a gambler change or readjust his selections. Bookmakers also pay attention to the media as well, that's why there are always changes in odds in most cases before a match is about to start. As a gamber that's into sports betting you must pay attention to the media in order to get key informations that might help you in your predictions.

Indeed the media helps someone to get information related to the team or players who will compete. it really helps gamblers prepare their bets. I also did some searches before deciding on a bet. see updates related to several players who cannot play due to card accumulation or injury. but we have to choose the right media for us to trust. sometimes people write and share information that they add or develop their own stories to make the published news get high enthusiasm from fans. because sometimes more rumors are published than facts on the field.

[hahay]

The media plays a very huge role in gambling, sports betting to be precise, gamblers can get informations about a certain games from the media about a particular player or perhaps a change that was made in the formation of a club before the match starts, this can make a gambler change or readjust his selections. Bookmakers also pay attention to the media as well, that's why there are always changes in odds in most cases before a match is about to start. As a gamber that's into sports betting you must pay attention to the media in order to get key informations that might help you in your predictions.

That's correct, in sports betting and prediction, information is the key. If one is not following up on the current information, they can make the right prediction but when  theirs some little changes and adjustments, if they are not following up, they can miss out and end up losing their bet, when they would have prevented it from happening if they had been aware of it.

Agreed, the media always has a role in sports betting, it's also not just about the readiness of the player and or whether or not the player is good to play in the related match, but sometimes  gamblers also forget when there is an interesting match to bet on. In this case, gamblers can find out a lot of things through the media, so the media and gambling will always be related but it seems to be only about sports gambling. Because after all,  gambling on sports is not about us considering the house like in casino gambling, because in sports gambling of course gamblers need a lot of information and or updates that occur about players and teams before the match starts.

[Forsyth Jones]

Right now media is the biggest platform where gambling could be introduced and to influence many people, many people in streaming community are starting to transition into gambling streams which is we cant blame them because they are also working and for sure the amount of money those gambling sites offer is too hard to resist, thats why many people are being speculated in those streamers that is choosing to change into gambling streams from their usual gaming streams and thats how media or social media influence people into gambling.

Traditional media, once untouchable, now finds itself forced to compete with new competitors, but they are not TV stations, they are small channels on Youtube (that's how they start). One of these examples that I saw in practice was during the broadcast of World Cup games, most of which i watched via streaming.

The only thing that traditional media can achieve is drastic changes in a club before the match, such as evaluating the performance of some players, which can influence them positively or negatively, affecting their performance in the match. The construction of favoritism for a club or a specific player (sometimes even exaggerating).