Media and Gambling, How does it work?

[Amphenomenon]

I do believe media and public perceptions influence the betting odds.

If Fulham is in 1st rank in Premier League and Manchester United in 10th rank, will you believe Fulham is favorite when they meet Manchester United? nope Manchester United will become favorite because there are many Mancunian and people who think Manchester United is bigger than Fulham.

In order to dismiss this perception, Fulham must win Premier League and Champions League for many times, at the same time sign many star players.

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.

[DaNNy001]

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.

The bookmakers too are also gamblers, it's you versus them, occasionally these bookmakers make adjustments to odds based on media informations probably about an injured player or an impromptu change that might be likely to occur in a game,..I Ve played a game of that the home team was given four odds and the away was about 1.94, later on a huge change was made, the home teams odd was decreased to two odds while the away teams odds was increased to 3 odds..I think it's possible for media to have an influence on sports betting

[SmartGold01]

Public doesn't determine and factor out odds in the gambling sites instead it's something that the site issues or changes if there are adjustment or change of plans and player then it would affect the club and it's odds give or allocated to them. To me news or public opinion doesn't really effects the odds, and it's not like the cryptocurrency market that is being influenced by news and information flying on social media.

[Hewlet]

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 believe that odds are basically a function of what the statistics says about a team and not what's on the media. The opinions from the media are mostly biased and filled with favouritism and emotions since most of them are from fans of a particular athlete or club. It's very easy to set an odd between two teams since you can easily know which of the teams is stronger than the other. If you're looking at cases where public perception matters, it's most likely in cases like retaining or coach or player in the club that some management if need arises can decide to look for what fans are saying about thier individual player performance but even at that, it played a very infinitesimal role in what the clubs final decision will look like.

Sometimes when it's between two teams that are just of a close range in terms of quality, any random odd could just be given to the teams and it's now left for you as a gambler to dicefer what your final decision will look like while placing your bet.

[wxa7115]

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?

Casinos have known for a long time that gamblers prefer to go for the favorites, and with this in mind casinos offer worst odds for the teams that are the most dominant.

So you can take advantage of this if there is a huge interest in a game and the favorite received almost universal support by their fans, this way casinos will be forced to offer better odds to their opponents in an attempt to balance their books, and that is when you can make a bet on that team with odds that are very favorable to you.

[Yatsan]

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?

For sure, public opinion and media coverage greatly influence betting odds in tournaments, often causing differences between actual odds and odds given by bookmakers Press coverage focuses on events on recent or dramatic events, such as injured players, managerial changes, or the loss of dramatic success, which can cause public sentiment to overreact Thus, there is a real impact even a low can shrink a market is the risk to the affected team greatly reduced based on the belief that their chances of winning are greatly reduced Conversely, teams or players who receive more media coverage may find them ho adjusted unfavorably or favorably based on exaggerated expectations, which can lead to other groups who normally Don’t get the idea

Likewise, national currencies and sharp currencies (balanced bets from professional individual investors send) gambling markets in motion. Conversely, extremely heavy public betting, conducted mainly due to media coverage, has the power to force changes on the assessment of potential earnings that do not entail the real results. This is where due diligence, relying on statistical analyses by bookmakers, will allow them to pinpoint moments when public sentiment will skew rather than tilt with the actual performance figures. This also works in reverse: watching the dissemination of news and media sometimes can identify where the opportunity is. If the probability change is disproportionate relative to the actual impact of the news, then it could be a scent of price gouging.


In addition, reverse bets (betting against the crowd when they appear to be overreacted) can be profitable, if the bettor is confident in their assessment. Identifying underperforming markets through accounting systems and betting software can also help identify value bets when risks are present

[danherbias07]

Sports. Hmm.
Well, there are a lot of crowd favorites but I don't think bookies rely on that. Perhaps, the odds will move just a little bit in order to balance the incoming money but I don't think you can find them that easily.
I like betting for underdogs which means I am against the favorite but the truth is the winning chances are low which could sometimes be devastating. I think it will be better to just keep on betting for favorites either there's hype or he is the crowd choice. I lost way more in betting for the heavy underdogs like x5.00 - x10.00 but sometimes it could be satisfying and the joy in success is different than just winning an x1.20 - x1.50.

[Hirose UK]

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 think all of that will never affect the betting opportunities or the existing League, bets are provided by bookies and the League is controlled by the football federation so they have their own way of working without having to interfere or be influenced by public perception or media narratives.
Public perception and media narratives are just news and all of that is taken based on how it works in the League so there will be no connection whatsoever about all of that.

For betting itself, if take advantage of public perception and media narratives, it seems like will never be able to get good bet because they only provide what looks superior without really seeing how the match pattern will take place.
Clearly this is the wrong choice if only bet by relying on what is being talked about lot, any unexpected results often occur and as gambler must really analyze and see the course of the match to get good prediction.

[Sticky Bomb]

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?

Public perception affects you as a gambler and not being odd, since the odds are fixed after strict analysis by the odds providers, the gambler is the one affected by public opinions from social media, news outlets and what have you.

These can make you change your mind on the matches you would want to stake on. Sometimes those narratives may be wrong, so gamble with your convictions.

[Kelward]

Social Media have no influence on the odds of games and just like the first comment said the gambling site set the odds and as a matter of practice odds settings have become a global general thing, both for cryptocurrency casino's and on fiat casinos the odds are almost the same.


But if you talk about the influence Media perceptions can only have influence on the gambler to the point that it drive your games selections and instead of following the right analysis to following social media hypes.

You can't expect total accuracy from the odds of social media sites, they're into business to make money and whatever they plot will be to the advantages of their gaining more traffic. Gamblers are left with no choice but to depend on luck to win.

Media perception and influences are just speculations because nobody is sure that their predictions will be accurate, it's all guess works. The important thing for every gambler to note is that the final decision of their bets have to be what they really want because it's their money.

[swogerino]

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?

Personally I think that one should never be influenced by what the media says.When I used to follow sport programs where ex players and coaches were making analyses for the weekly games in the local league and also some of the major leagues and they were also making predictions,anytime I followed their advice I ended up losing money.So based on this I would advice anyone to stop being impacted by the media,sport analysts or anyone else in their betting decision as the best thing to do.

[Ojima-ojo]

You can't expect fairness from the odds of gambling sites, they're into business to make money and whatever they plot will be to the advantages of the house. Gamblers are left with no choice but to depend on luck to win.

Media perception and influences are just speculations because nobody is sure that their predictions will be accurate, it's all guess works. The important thing for every gambler to note is that the final decision of their bets have to be what they really want because it's their money.

May be you should reread the my comment and the comments of others who follow the pattern of this discussion because as far as I can notice your comment was entirely off and should corrected.

First I don't expect or say that there should be fairness in odds on various casino's because I know very well that odds are set by the game's provider's and not the casino itself, so there can't be fairness expectations from the casino,.


What I meant in my comment is the uniformity of odds that is odds are almost same accross all casino's, so talking about casino's giving a special odds may be alittle out of context.

Lastly you are right on your statement about social media influence on gambling, which basically have no influence on the casinos but just mind game on those that follows such Media hypes who are the social media users that allows such Media speculations to effects they betting patterns in some situations.

[Apocollapse]

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.

[bakasabo]

Social Media have no influence on the odds of games and just like the first comment said the gambling site set the odds and as a matter of practice odds settings have become a global general thing, both for cryptocurrency casino's and on fiat casinos the odds are almost the same.

How about if we look on the situation as following:

I have noticed, that every time Olympic games run or there is a World championship, in media we see a lot of supporting articles, pictures, videos, also billboards, ads and etc, that call to support your team or country. For the clothes manufacturers and sellers, it means there will be a demand on merchandise, so they pump prices. Some category of people support their country or team by placing a bet on its win. If the casino see that people start to place a lot of bets on one team (even if it is not a favorite), dont you think they would reconsider odds?

[Stepstowealth]

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?

Some type of prediction pool where for instance in a competition, viewers are asked by the media to pick among some options a candidate or team that they think will do well then most, and then make this results public, that is public perception and it can influence betting websites in their betting odds.

Asking how often this can happen? I think majorly in big competitions.

[Gozie51]

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 you talk about the odds, it is not what the media analysis from various platforms come up with or say that determines the odds that the websites will stake for games. It is a different thing entirely with odds and analysis, the websites or bookmakers don't rely on what media say or analyze because they are also aware of such information that determines odds like team strength (previous and current), players readiness, injuries of players, cards, away or home, general psychology including for players and fans etc. So these are what bookmakers look at and if those are analysed on media houses, it may not be of very high significance to determine what the odds will be. In fact, most of the odds to games have already been set before some media analysis of those matches.

[Dr.Bitcoin_Strange]

Just like the first comment already stated, the perception of the public, including social media, doesn't have any relationship with altering the odds of a game after it has already been designated by the casino. The opinion of the public about a particular game can only influence the decision of the gamblers who are going to stake in the game, but I don't think the casino allows it to affect their odds. Every casino usually has some professionals that can choose the odds, and those professionals don't decide the odds through the public and social media. perception. 

[EluguHcman]

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 only ideal that I am aware about that influences betting odds is determined by the the capacities of both teams such as giving higher odds to the underdogs because gambling is usually that the higher the risks is higher the odds and the lower the risks is the lower the odds.

Betting odds can also be influenced based on the range of time by which the game is to Kickstart.

[mirakal]

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 are giving influence to the decisions of the bettors, but this never works entirely, sometimes we also use our guts. Besides, the winning bet doesn't depend on what has been spread on social media or the opinion of the crowd; it still depends on the actual event unless there is, as we call it, manipulation of the results. 

But we can't deny that so many instances of those teams have been a hot topic in social media wins. If you are a smart gambler, you will certainly be thinking of putting bets on them rather than on the underdog. 

[slapper]

The media is everywhere, but the truth gets lost a lot of the time. The way the media tells stories changes how people think, which has a direct effect on betting chances. Have you ever thought about why the odds change so much after a big story? There's no chance in that, man; it's psychology. People are naturally drawn to stories, and the media take full advantage of this. Smart punters should know about this game

Break down the story: what's the media's point of view? Who gets what? What will the people do? That's the only way to find the good bets that everyone else will miss. Don't just believe the hype; think about how it makes you feel. Emotions like fear, greed, and hope move the gaming markets. You can guess how the market will move if you can guess how people will feel

It's not just about winning bets; it's also about knowing how people act. It's about being able to see through the crap and use how the media works to your advantage. It's a cruel game, but the knowledge you gain is worth more than the money you win if you play it right