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Author Topic: Advantage over the bookmaker.  (Read 1262 times)
Frankolala
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August 25, 2024, 06:54:41 PM
 #61

Gambling shouldn't be take so serious the way you are saying it because it is based majorly on luck and not analysis or skill. If you put all the effort that you have into gambling, it does not mean that you will be able to win more than your losses.

There is no way that a gambler will be ahead or smarter than the bookmakers because it is not only one person that set those odds. Bookmakers come together and analyze the match together before the come with those odds giving them a better advantage over the gamblers.

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August 25, 2024, 07:11:42 PM
 #62

rather, the bookmaker sets the parameters and conditions of the game and only a few events can be accurate, and everything else is the bookmaker’s own net profit if the player did not guess the event. The advantage can only be inside information about the game (for example, a fixed match), but this game can also be challenged by the bookmaker if in doubt in a random win by a random player.
it is true that the bookmaker sets the parameters that may help the gambling site whether they will be in profit or not. Many a gambling site are making a lot of money for the parameter of them. But creating a site is not easy and they can make a good amount of money even if it can make a loser.

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Juse14
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August 25, 2024, 07:17:11 PM
 #63

Sports betting does have its own challenges, such as beating the bookie in terms of accuracy when predicting outcomes. This is no mean feat considering that the bookmarker has access to very deep data and sophisticated algorithms on how odds are determined. It's not impossible.

The main advantage that a gambler may have over an oddsmaker is deeper information or unique insight into a specific team or sport which will not be fully reflected in the line. This can include proprietary data about player form, or team chemistry only privy to observers who follow the sport avidly.

But, one thing that should be very clear to all individuals is that Betting on sports is to be considered a risky endeavor. Sure, taking your betting seriously will definitely better your odds but still, some amount of risk has to come with it. So while it's possible to gain an advantage over the bookies, it's not something you can do without having a bit of guts, in addition to being very calculated, and thorough (in many cases) a little risky.

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Dewi Aries
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August 25, 2024, 07:56:39 PM
 #64

I think it is clear that one of the reasons why we prefer to treat sports betting or maybe other types of games without taking it seriously is because it is indeed unlikely for us to always be able to predict everything accurately, and this is also the reason why many people say and suggest to only make these bets as entertainment when we have boring free time.

As often said by many people that the bookie will always be the real winner, or the bookie will always be superior to the gamblers, and also another reason is that we will never be able to know what will happen in the future, although I understand that analytical skills can be relied on but it is nothing more than a tool, often I see everything that is really unexpected happens in a match that makes me end the game with a loss even though I previously bet based on analysis and knowledge.

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August 25, 2024, 09:51:36 PM
 #65

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?

In general, the idea of ​​being smarter than the bookmaker is equivalent to the idea of ​​being stronger than the current world champion in anything (or even several champions, since the odds providers are entire organizations).
But sometimes, opportunities arise to earn crumbs where the bookmaker earns big - for example, in games where the cashflow (which bookmakers take into account) does not correspond to the theoretical odds of the teams.
Besides, in my opinion, the bettor's advantage over the bookmaker is that the bettor is not obliged to place a bet, while the bookmaker is forced to always list the odds (in fact, he is obliged to accept the bet at any time). This gives a variety of opportunities for the bettor.

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August 25, 2024, 09:54:06 PM
 #66

Gambling shouldn't be take so serious the way you are saying it because it is based majorly on luck and not analysis or skill. If you put all the effort that you have into gambling, it does not mean that you will be able to win more than your losses.

There is no way that a gambler will be ahead or smarter than the bookmakers because it is not only one person that set those odds. Bookmakers come together and analyze the match together before the come with those odds giving them a better advantage over the gamblers.


Gambling is more about luck than analysis or skills. Being so unpredictable a means and trying to base it on the same to get a steady income is high risk. We can be very doomed but there is no assurance that we will win more frequently compared to losing. Just because a person knows much regarding a specific sport or game, does not mean they can beat the bookie.

Betting dealers surround themselves with a panel of experts who carefully evaluate different dimensions of the issue before setting the odds. They have complete information and sophisticated technology due to which their forecast is correct. The dealers, therefore, always retain the advantage here; gamblers find it almost impossible to beat them on a consistent basis. One would thus be well advised to regard gambling as a form of entertainment rather than a means to an end. This helps reduce pressure and disappointment, and keep gambling experiences fun.

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August 25, 2024, 10:15:00 PM
 #67

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?
No doubt people are going to glaze over trivial stuff like this, and I'm not saying they're wrong, but do you really have to through all this over a win? Are you really that competitive over something you don't even have an agency over, given that most games are 50/50 anyway, and those that are not are already deterministic so you don't even need to "one up the bookmaker" or whatever you're trying to imply here.

I keep saying that people shouldn't make gambling something bigger than it is, cause that's when problems start to arrive, and this is no different. You have people here making gambling a bigger deal than what it is supposed to be and where does that lead them? To more problems. If you're thinking this is nothing and is just a trivial matter then by all means, let yourself be addicted to it however you want. But don't say we didn't warn you lol.

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August 25, 2024, 10:23:03 PM
Last edit: August 26, 2024, 06:09:57 PM by AmoreJaz
 #68

I think it is clear that one of the reasons why we prefer to treat sports betting or maybe other types of games without taking it seriously is because it is indeed unlikely for us to always be able to predict everything accurately, and this is also the reason why many people say and suggest to only make these bets as entertainment when we have boring free time.

As often said by many people that the bookie will always be the real winner, or the bookie will always be superior to the gamblers, and also another reason is that we will never be able to know what will happen in the future, although I understand that analytical skills can be relied on but it is nothing more than a tool, often I see everything that is really unexpected happens in a match that makes me end the game with a loss even though I previously bet based on analysis and knowledge.

Do remember, in the long run, bookies have the advantage as they won't have their business if the bettors will win over them. Even if the bettor is very familiar with the sports, we can't guarantee that every bet is correct. There are still factors that we can say, we are not in total control. So sportsbetting can't give a guarantee of winning just because you know the sports well but luck also plays a role in this game. Also, do note about the house edge that the house will always have. They have certain edges over the bettors. And this is why they can survive in this lucrative business. If they are losing, definitely, they will shut down their doors.

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August 25, 2024, 10:23:30 PM
 #69

Gambling shouldn't be take so serious the way you are saying it because it is based majorly on luck and not analysis or skill. If you put all the effort that you have into gambling, it does not mean that you will be able to win more than your losses.

There is no way that a gambler will be ahead or smarter than the bookmakers because it is not only one person that set those odds. Bookmakers come together and analyze the match together before the come with those odds giving them a better advantage over the gamblers.

Luck is one of the things that is needed as gambler for us to keep winning. Normally gambling is not supposed to be seen as an activity we need to always indulge ourselves in because it has some certainly risk that could effect us in a long run. Gambling is for people that have the understanding about how to gamble and the right time to leave gambling. We can always make a lot of money from gambling if we know how to bet and what strategy is best for us to keep betting for more profits. It is very difficult for one to win the house which can be possibly is one know the tricks that can be used to play games and have a huge winnings especially when their is loopholes somewhere.

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August 27, 2024, 01:33:58 PM
 #70

I think it is clear that one of the reasons why we prefer to treat sports betting or maybe other types of games without taking it seriously is because it is indeed unlikely for us to always be able to predict everything accurately, and this is also the reason why many people say and suggest to only make these bets as entertainment when we have boring free time.

As often said by many people that the bookie will always be the real winner, or the bookie will always be superior to the gamblers, and also another reason is that we will never be able to know what will happen in the future, although I understand that analytical skills can be relied on but it is nothing more than a tool, often I see everything that is really unexpected happens in a match that makes me end the game with a loss even though I previously bet based on analysis and knowledge.

Do remember, in the long run, bookies have the advantage as they won't have their business if the bettors will win over them. Even if the bettor is very familiar with the sports, we can't guarantee that every bet is correct. There are still factors that we can say, we are not in total control. So sportsbetting can't give a guarantee of winning just because you know the sports well but luck also plays a role in this game. Also, do note about the house edge that the house will always have. They have certain edges over the bettors. And this is why they can survive in this lucrative business. If they are losing, definitely, they will shut down their doors.

Yes and another fact is if gambling is to give more wins to gamblers then surely no casino would be able to survive until now, and we can see that new casinos are popping up more and more, meaning this is indeed a business that is really profitable in the long run regardless of any bet.
I agree with your opinion that no matter how good we are at sports, there are still many things that can make us lose, ignorance of what will happen in the future is the main reason, so as I said before that knowledge is nothing more than a tool.
This means that whatever bet you make and no matter how much knowledge you have about a game, in the end, defeat will always be a real possibility, and this is why making gambling as entertainment will always be recommended.

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August 28, 2024, 03:09:37 AM
 #71

The bookmaker doesn't bet on a winner, that their advantage,
It publishes odds and adjusts them based on the money inflow and other algorithms, to gain this advantage you say you will need to always find the games where the bookie is giving odds that are far from the actual outcome and try to exploit it, but it's even harder than predicting the actual result of the game.

No doubt people are going to glaze over trivial stuff like this, and I'm not saying they're wrong, but do you really have to through all this over a win? Are you really that competitive over something you don't even have an agency over, given that most games are 50/50 anyway, and those that are not are already deterministic so you don't even need to "one up the bookmaker" or whatever you're trying to imply here.

Sports bets are not 50/50 at all unless we talk about handicaps, a 50/50 chance is more like the exception rather than the rule, also we;re talking about sports, these are not determinist bets.

There is no way that a gambler will be ahead or smarter than the bookmakers because it is not only one person that set those odds. Bookmakers come together and analyze the match together before the come with those odds giving them a better advantage over the gamblers.

What stops gamblers from coming together and doing the same thing as bookies do?
It's the same thing, it's all humans using algorithms to try to get the perfect numbers that would fit right in the middle, not offering odds that would ruin them and not offering odds that would deter people from making a bet, everything can be replicated and you can see that by looking how different bookmakers have different odds.

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August 28, 2024, 05:37:36 AM
 #72

Gambling shouldn't be take so serious the way you are saying it because it is based majorly on luck and not analysis or skill. If you put all the effort that you have into gambling, it does not mean that you will be able to win more than your losses.

That's a valid point too Grin Each decides for themselves how far they want to go into their hobby, however, in this case, luck and responsibility for yourself and your funds to spend are the main things going forward.

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August 28, 2024, 06:06:30 AM
Merited by Julien_Olynpic (1)
 #73

The term you're looking for is "edge", and yes I found an edge a long time ago. Made millions of dollars in profit. But unfortunately bookies don't like long term winners, so I have been blacklisted from every site. Sure I can sign up for new accounts, but those will quickly get banned as well.

The most difficult part is not placing the bets, it is finding bookies that will accept my action. 99% of bettors will never know this feeling.
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August 29, 2024, 01:34:24 PM
 #74

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?

It is difficult to make a winning beyond the bookmaker in sports betting, although sometimes this is possible. In such cases, to come into the bookmaker's view, one must predict either differently or more precisely than what the odds are able to show on a regular basis. Much research is needed for this to happen, with great detail, statistical analysis, and sometimes even painstaking modeling. Generally speaking, all bettors can benefit from in-depth research, strategic timing of bets, and specialization in a particular sport or tournament in which they have exceptional expertise. While many gamblers are casual, a serious and strategizing gambler can find opportunities for profits. Overall, though bookmakers are hard to beat, with dedication and knowledge of the game, skilled and disciplined bettors have the chance to win.

Gambling shouldn't be take so serious the way you are saying it because it is based majorly on luck and not analysis or skill. If you put all the effort that you have into gambling, it does not mean that you will be able to win more than your losses.

There is no way that a gambler will be ahead or smarter than the bookmakers because it is not only one person that set those odds. Bookmakers come together and analyze the match together before the come with those odds giving them a better advantage over the gamblers.


Gambling is more about luck than analysis or skills. Being so unpredictable a means and trying to base it on the same to get a steady income is high risk. We can be very doomed but there is no assurance that we will win more frequently compared to losing. Just because a person knows much regarding a specific sport or game, does not mean they can beat the bookie.


Yes that is right your mind teaches you a very important fact that gambling deals with two things, namely unpredictability and its central role in luck. Whereas in research and skills, more cognizance of a gambler is developed to further enhance decision-making skills, yet the basis for satisfaction tends to be very unreliable and mostly limited. On the other hand, there is no guarantee that even if you develop a deep knowledge of a sport or game, you will always beat the gambler. There is always some kind of risk to lose, and to make gambling some reliable source of revenues is very hazardous. The game should be approached with the understanding that at any skill and technology, passion is above all, and to lose means almost to win.



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August 29, 2024, 04:50:08 PM
 #75

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?

We can't have an advantage over the bookmakers unless we're related to a sport athletes but they won't want to spoil their career by involving in your little scam of asking them to do things for you to win your bets. Some athletes have been caught aiding betting and it has caused them their career. You don't need to have an advantage over the bookmarker to win. Every information that they have is also available to you hence with doing some findings on the teams involved in the match and depending on your luck, you can pick the winning teams and exact scoreline depending on how you are playing the bets. Bookmarkters that have inside information on match fixing are also putting their business at a risk because when they're caught, it's certain that they are going to be exposed and their licence get revoked. Hence they too are careful of no foul play.

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August 29, 2024, 08:12:24 PM
 #76

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?
It is possible but not easy, one of the biggest advantages players have over the bookmaker is that the bookmaker has to make money regardless of the actual outcome of a match, so if in a single match there are a lot of gamblers that are betting on a team, the bookmaker has to offer better odds to the other team in order to create an incentive for gamblers to take the other side, and if you can find those matches in which the odds became quite attractive, then you could turn a small profit this way.
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September 21, 2024, 02:51:06 AM
 #77

Gambling shouldn't be take so serious the way you are saying it because it is based majorly on luck and not analysis or skill. If you put all the effort that you have into gambling, it does not mean that you will be able to win more than your losses.

There is no way that a gambler will be ahead or smarter than the bookmakers because it is not only one person that set those odds. Bookmakers come together and analyze the match together before the come with those odds giving them a better advantage over the gamblers.

You are absolutely right that gambling is based on luck instead of skills as well as experience. But sportsbooks need skills as well as experience and also need to analyse the previous result, present, and then think about the result of running or forthcoming.

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September 21, 2024, 04:49:23 AM
 #78

Gambling shouldn't be take so serious the way you are saying it because it is based majorly on luck and not analysis or skill. If you put all the effort that you have into gambling, it does not mean that you will be able to win more than your losses.

There is no way that a gambler will be ahead or smarter than the bookmakers because it is not only one person that set those odds. Bookmakers come together and analyze the match together before the come with those odds giving them a better advantage over the gamblers.

Well, that is true if you are talking about casino games only but when it comes to sports and some casino games like poker, for instance, a huge part of it comes from analysis and skill. Imagine betting for a team without even having any knowledge about them, you are just relying on luck by doing that but those who have some insights about the game and that team will use some spreads or other options to increase their chance of winning.

Sure, we are not smarter than the bookies but many options are being given and we can take advantage of those. As I said, there are spreads as our way to predict on how the results could end up. The team we are betting for might lose but what if we use +10 or maybe better than that and the game ends like we predicted which is a close game? We might win, right?

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September 21, 2024, 05:27:21 AM
 #79

You are absolutely right that gambling is based on luck instead of skills as well as experience. But sportsbooks need skills as well as experience and also need to analyse the previous result, present, and then think about the result of running or forthcoming.

Yeah, sports betting is a whole different game, and we really have to believe that with the right skills, we can make money from it,  maybe even turn it into a living. According to studies (this is the reality), a bettor needs to win 52.4% of the time just to beat the vig and break even.

So, what that means is out of 100 bets, you need to win 54 to be profitable. The amount of profit still depends on your bankroll and what your max bet is, considering the common advice of only betting what you can afford to lose. Just imagine if you hit a 60% win rate over a season, like in the NBA, you’d be making solid profit...as long as you’re not chasing losses and you stick to proper bankroll management.

The key is hitting that 54%, and you’ll be in the profit zone. That’s where the advantage lies!

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September 21, 2024, 05:44:21 AM
 #80

Gambling shouldn't be take so serious the way you are saying it because it is based majorly on luck and not analysis or skill. If you put all the effort that you have into gambling, it does not mean that you will be able to win more than your losses.

There is no way that a gambler will be ahead or smarter than the bookmakers because it is not only one person that set those odds. Bookmakers come together and analyze the match together before the come with those odds giving them a better advantage over the gamblers.

You are absolutely right that gambling is based on luck instead of skills as well as experience. But sportsbooks need skills as well as experience and also need to analyse the previous result, present, and then think about the result of running or forthcoming.
Odd makers have their own sets of modelling to predict who will be the favorite and who will be the underdog. And then the handicaps and the over and under. So for me we don't have any advantage from the bookmaker as they have all the tools as their disposal to list what will be the odds for a particular sports. So maybe we really don't like the odds specially ML and so we look for attracting and more appealing returns and that could be our advantage over them. Or better yet, we can even do live betting, and so we see how the game is unfolding and maybe the odds in the beginning might be different as the game progresses and so we take advantage of that.

R


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