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Author Topic: Advantage over the bookmaker.  (Read 1262 times)
Julien_Olynpic (OP)
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August 20, 2024, 06:45:38 AM
 #1

I decided to find out more about the opinion of forum users about their advantages in gambling. Everyone knows that in sports betting it is not enough to predict the outcome correctly. It is equally important, and perhaps even more important, to do it more accurately than the bookmaker. This is the disadvantage of sports betting: we must be more successful than the bookmaker in predicting the results of a sports match. Simply put, we must be smarter than the bookmaker. But is this possible?
I know that a huge number of players refuse to make a forecast of the results of a sports match, refuse to engage in analysis. They believe that sports betting is created for entertainment and place bets more or less randomly.
However, if we still treat sports betting as a serious activity (that is, we do it not only for entertainment), then I would like to ask you this question:

What do you think is your advantage over the bookmaker?
And in general, do you have an advantage over the bookmaker?
Is it even possible to have an advantage over the bookmaker?

 
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August 20, 2024, 06:56:23 AM
 #2

This questions are not for me because I do not see betting to be beyond entertainment. But let me answer you. The bookie sites are growing day after day. They are making enough money from people. All what they need is to have millions of registered users. The more their users bet, the happier the bookies are because they know that is more money for them to make. When I gamble less frequently, I won more. But I still have it in mind that it is just what should not be taken seriously. If I see it in the other way, it will not be good.

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August 20, 2024, 06:57:25 AM
Merited by Julien_Olynpic (2)
 #3

the only advantages that players can use are specific information that is not yet public (you know someone or you are attending an event live).
you can have advantages because you know a sport better than them, but unless you are a former professional, they basically know more than you. Roll Eyes
you can think that an odd is "wrong" on their part and take advantage of it. basically you are "alone" against a group of professionals.
aside from some rare cases (or just different opinions) it is really unlikely that you can perform better than them Wink

I had an advantage over a bookmaker very few times. The one I remember with more "sympathy" concerns an old bookmaker that is no longer active that allowed you to bet on the relegation of a team (that mathematically had already gone in financial bankrupt and was on the last place in the rank).

the odds were low, and there was a minimal risk of a hypothetical rescue, but we are talking about a practically impossible case on a practical level.

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August 20, 2024, 07:35:24 AM
Last edit: August 20, 2024, 08:18:19 AM by Odohu
 #4

I decided to find out more about the opinion of forum users about their advantages in gambling. Everyone knows that in sports betting it is not enough to predict the outcome correctly. It is equally important, and perhaps even more important, to do it more accurately than the bookmaker. This is the disadvantage of sports betting: we must be more successful than the bookmaker in predicting the results of a sports match. Simply put, we must be smarter than the bookmaker. But is this possible?
I know that a huge number of players refuse to make a forecast of the results of a sports match, refuse to engage in analysis. They believe that sports betting is created for entertainment and place bets more or less randomly.
However, if we still treat sports betting as a serious activity (that is, we do it not only for entertainment), then I would like to ask you this question:

What do you think is your advantage over the bookmaker?
And in general, do you have an advantage over the bookmaker?
Is it even possible to have an advantage over the bookmaker?
Anyone who have not found his edge over the bookmakers will continue to struggling just like I did at some point in my gambling until I did a lot of adjustments in my gambling which I will try to explain a little of while hoping anyone who wishes to implement then should first test it if it works. The steps I followed are as follows:
  • Divide my gambling into business and leisure by this, 80% of my capital will be reserved for business bets which are high probability bets whole 20% is reserved for leisure in which the risk is higher as well as target win.
  • I decided to chose just few selected teams in selected leagues, play them each and every other week. For instance, Real Madrid, ManchesterCity, PSG, BayernMunic and Malmo which I play direct wins one ticket, over 2.5 another ticket and over 3.5 another ticket. This is my business bet which I target 3 to 5 odds and a win rate of 60%
  • I have a fixed gambling budget per day, per week and per month, as soon as it is exhausted, I take a break.
  • When I have heavy winning or I encounter series of loses, I take a break to protect my winning or preserve my capital because luck still play a part in gambling despite the skill

My method may not be 100% perfect as there are still room for improvement but it has helped me become more disci0lined and also increase my win rate as well as winning preservation. In other words, it has made my gambling become more systematic and measurable.

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August 20, 2024, 08:35:52 AM
 #5

To have advantage over bookies is difficult, except on few instances like if you are preview to certain crucial information after the odds have been drawn. Like if the bookies were thinking an important player was going to feature due to the coach already published information on his line up and you have that secret beyond them at a later time that such player will be on the bench for the whole of the match. Another way you can have an advantage is if you have the knowledge of a fixed match.

Otherwise, I think personally one may not be smarter than bookmaker. The best thing is to focus on the features and analysing the match rather than focusing on the odds.
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August 20, 2024, 08:48:28 AM
 #6

The only possible advantage over bookmaker I could think about is having indirect and unintentional insiders information. For instance, a football game is in few days, but you manage to find out that favorites best striker gets injured (you have heard that info or saw him during training). And maybe some indirect hints might help, like knowing that team had minor issues, like a delayed flight, someone recently got problems in family, something that can indirectly influence on performance. Bookmakers does not follow each and every athlete 24/7, but a true fan might know or notice something  athletes deviations from routine.

 
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August 20, 2024, 09:35:54 AM
 #7

Being smarter than bookie sounds like nonsense, but basically every gambler can only find or take advantage of all the opportunities available and given by the bookie.

If we talk about the advantages of gamblers over bookies, we will never find it, gambler advantage is when they manage to take all the betting options correctly for win and make it multi-bet that increases the odds many times over.
There are no other advantages because the bookie has more advanced advantage in providing opportunities to gamblers who will bet.
In addition, it can also be ensured that the bookie will get all the information or analysis about match faster and the bookie will know more quickly in great detail about the advantages and disadvantages of each team.

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August 20, 2024, 09:55:58 AM
Last edit: August 21, 2024, 12:45:54 PM by sunsilk
Merited by Julien_Olynpic (2)
 #8

While betting smarter than the bookmaker means that we're winning against them, it doesn't have to be like that. Just bet and predict, have some good analysis, and be good to go.

However, if we still treat sports betting as a serious activity (that is, we do it not only for entertainment), then I would like to ask you this question:

What do you think is your advantage over the bookmaker?
And in general, do you have an advantage over the bookmaker?
Not that much, and what I can only say is that I bet on games that I know and maybe that is my advantage as a sports bettor whether it's against the bookmakers or not.

Is it even possible to have an advantage over the bookmaker?
Yes, be prepared and researchful about your potential bets. Know the sports you're in and that's an advantage.

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August 20, 2024, 10:31:13 AM
 #9


What do you think is your advantage over the bookmaker?
And in general, do you have an advantage over the bookmaker?
Is it even possible to have an advantage over the bookmaker?

If you are referring to bookmaker, I doubt that we will have such advantage on them. They have this modeling analysis and have a lot of data and for sure they are using it to make the correct prediction or at least it's what they think that it is fair for the gamblers.

And with that, I doubt that they will make such a mistakes, probably the advantage that we have is to go against what they listed and not bet on the favorite and go with the underdog. Sometimes we go this way if we had like a hunch or something, and we do hope that we win.

 
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August 20, 2024, 10:56:44 AM
 #10

~
There's hardly any advantage that we could gain lol. I highly doubt a bookmaker is alone, and even if they were, their pretty much privy to a bunch of info as well as some tools that help them analyze stuff. Just the amount of data they can collate is already big enough of an advantage imo, let alone other stuff that they have that help in their analysis.

There's only ever going to be a big enough advantage if say, a player hides something literally from everyone else and only reveals it to you, and it's a really big game changer. Doesn't matter what it is but as long as it can influence the result of a game, it should be more than enough to call an advantage. Highly doubt that's going to happen though and even if it did, there'd probably be calls of match fixing or something.

 
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August 20, 2024, 11:27:04 AM
 #11

The only advantage that the gamblers have is if they can find EV+ bets, if they can't, they have no advantage over the bookmaker.

Even you have knowledge, analysis etc etc that you able to predict the match with higher chance to win, it's not advantage, but you're able to beat the system without advantage. It's a big win when you can beat system that disadvantage you compared to you have advantage and you already know you will win in the end.

In short, for a bet to be considered a positive EV bet, the probability of cashing on the bet is higher than the odds implied by the price of that bet. Conversely, if your wager’s shot at hitting is less than what you need to break even, then it’s a -EV play.

Let’s say you want to bet on the Bears to cover as 3.5-point home underdogs versus the Packers. The book is offering dime lines of Bears +3.5 (-110) and Packers -3.5 (-110). Without getting into details of how the Vig is handled, just know that it means that sportsbooks are holding approximately 2.4% of the wagers on markets priced at -110/-110 (you can use OddsShopper’s hold calculator to find this number for any two-way betting market).

So, in the case of the Bears +3.5, you will need that bet to hit more than 52.4% of the time to have an edge. With 52.4% set as a breakeven point, if you think the Bears will cover more than 52.4% of the time, then the bet is +EV.

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August 20, 2024, 11:39:39 AM
 #12

I believe having an edge over them is understandable, knowing they have the tools to calculate those odds. When the bettors have calculating tools, you can use arbitrage betting.

Analyzing sports would help you take advantage, in my opinion.

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August 20, 2024, 12:00:11 PM
 #13

1. None. I don't think we have an advantage with them.
2. No.
3. No.

It's not that I am pessimistic but they do have the connections to give the best odds out there that will only work for them. I bet they have known analysts in different sports to help them out in making those odds that will profit them more.
Now, we don't have that kind of power unless you are an analyst yourself. But, I doubt you could be a good one who can handle many sports. Perhaps, one or two and that's it, so that you can focus more and increase your chance to win.
Still, there's the luck part that you need. I have made a lot of underdog bets that shockingly won. One x18 for a team in basketball, a superunderdog, and at that time Alexa Grasso claimed her title which is x7.00 and more in other sports.
I am not an analyst on both sport but I think there's a part where luck is on my side and my instincts told me to bet for them.

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August 20, 2024, 01:37:43 PM
 #14

What do you think is your advantage over the bookmaker?
Even if sports betting is done for entertainment, there is still the intention to win from it.

It may not be a personal advantage. But the one advantage that gamblers have against the bookmaker is that no matter how they choose to select the odds or the factors that they look at, they are never really in complete control. Things can always still go against them and come the way of gamblers like myself.

If there were no luck factor, bookmakers would have had it all and remain completely superior.

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August 20, 2024, 02:12:53 PM
 #15

What do you think is your advantage over the bookmaker?
If you compare bookies with players, it is clear that it is not an equal comparison, like water and oil, it never mixes and the same goes for gamblers and bookies, Far from being grilled, whatever you do, the bookie makes more profit than the players, the bookie has a watch to arrange bets, the player only does it based on the bookie's watch, obviously there is no advantage for the player.

And in general, do you have an advantage over the bookmaker?
There is a clear profit, you get it when you win, this only happens to a few people, one bet, the dealer doesn't, the profit ratio between us and the dealer is 100/2, clearly the dealer wins more when it comes to gambling.

Is it even possible to have an advantage over the bookmaker?
No, this question can be taken as an example of the case that happened to musician Drake recently, he lost millions of dollars again and lost, just imagine if there were 10 people like Drake betting on the same bookie and they lost, 5 more people won with bet $100/person, One result obtained by a bookie like Drake betting is difficult enough to cover the winnings of 1000 other users, meaning the bookie is superior in terms of gambling.

R


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August 20, 2024, 02:28:53 PM
 #16

What do you think is your advantage over the bookmaker?
And in general, do you have an advantage over the bookmaker?
Is it even possible to have an advantage over the bookmaker?

The advantage is that you can belong to a prediction group where there are some experienced sports analyst who can give some good predictions. Their forecast are not always correct but you could see that the analysis makes lots of sense.
I have not discovered any advantage over bookmaker, some folks have claimed they have but kept it secret. It is possible to have an advantage if you have an insider who can give you information that is not in the public domian. There have been cases where some players or coaches engage in some illegal activities like match fixing. People who are aware of such an arrangement, could take advantage of it and cheat the bookmaker. But like I said, this is a criminal act and should be discouraged.

R


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August 20, 2024, 02:48:04 PM
 #17

There are bookmakers you can take advantage of, especially if they allow bets while the match is live. People have tried doing this in some soccer games and making money. There are prediction YouTube channels that somehow predict outcomes accurately and riding on these predictions is quite an advantage as a user. However, bookmakers win all the time.

What do you think is your advantage over the bookmaker?
And in general, do you have an advantage over the bookmaker?
Is it even possible to have an advantage over the bookmaker?

The advantage is that you can belong to a prediction group where there are some experienced sports analyst who can give some good predictions. Their forecast are not always correct but you could see that the analysis makes lots of sense.
I have not discovered any advantage over bookmaker, some folks have claimed they have but kept it secret. It is possible to have an advantage if you have an insider who can give you information that is not in the public domian. There have been cases where some players or coaches engage in some illegal activities like match fixing. People who are aware of such an arrangement, could take advantage of it and cheat the bookmaker. But like I said, this is a criminal act and should be discouraged.

That's one to take advantage of the bookie. Match fixing though is hard to spot. UFC for example is partnering with Stake so if UFC is fixing matches, I'm almost sure Stake will be notified.

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August 20, 2024, 02:57:32 PM
 #18

I decided to find out more about the opinion of forum users about their advantages in gambling. Everyone knows that in sports betting it is not enough to predict the outcome correctly. It is equally important, and perhaps even more important, to do it more accurately than the bookmaker. This is the disadvantage of sports betting: we must be more successful than the bookmaker in predicting the results of a sports match. Simply put, we must be smarter than the bookmaker. But is this possible?

The bookmaker and the gambler do not know the outcome of match as both of them have not seen the future. However, bookmaker will give you odds according to his analysis and the gambler have to accept any odds offered by him and hope that the team he selected wins the match.
It is just the game of luck for both the gambler and the bookmaker but I see one advantage for the bookmaker.

The gambler usually place a single bet on a match and he will either win or lose the bet. On the other hand, the bookmakers takes a lot of bets from different gamblers and even if he loses some bets he can recover money by other bets on the same match that the gamblers lost (meaning he gets the money).

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August 20, 2024, 03:02:03 PM
 #19

However, if we still treat sports betting as a serious activity (that is, we do it not only for entertainment),
Then you should approach this type of activity with all responsibility and seriousness, as in any other business done for the sake of making money.

What do you think is your advantage over the bookmaker?
Hmm, it seems to me that there are no advantages for a single gambler.

And in general, do you have an advantage over the bookmaker?
The bookmaker has incomparably more resources and the analysis of sports events is carried out by a team, not a single employee. Also, the members of this team are not simple gamblers, most often professionals in their field with experience and knowledge that ordinary gamblers probably don't have.

The chances are not equal and the gambler can only be helped by luck / chance, which the bookmaker failed to foresee (chance factor).

Is it even possible to have an advantage over the bookmaker?
If you assemble your team of experienced gamblers.

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August 20, 2024, 03:10:12 PM
 #20

Basically the answer is yes, but bookmarker will mark you as "sharp"

SHARP meaning for the player who have advantage or good against the bookmakers, most likely you will get limited size amount to be bet or they refuse you to betting in their casino. If you question, it's these real ? yes the answer is real.

Sportbet & Blackjack it's one of the game while you have a better advantage against the house, that's why more likely you will get back off, limited bet size amount betting like 500-1000$ or they refusing you to play on their casino.

Just search in youtube, "Blackjack Player Gets Back-off". It's real on the real casino, for online casino once they knew you are to be good (they will closed your account or limited the bet size just few hundred dollars)

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