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Author Topic: Advantage over the bookmaker.  (Read 1262 times)
Reatim
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September 21, 2024, 05:55:17 AM
 #81

Simply put, we must be smarter than the bookmaker. But is this possible?
Bookmakers have found a system that no matter what the outcome of an event is, they will always get a bit of profit. So I don’t think you can fully outsmart them. However we can maximize our profits in a way. Bookmakers usually focus on big events and place odds based on public interest. By choosing much lesser known events, there is a possibility that the bookmakers might not be as knowledgeable in that event than the big ones.
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They believe that sports betting is created for entertainment and place bets more or less randomly.
That’s true and I believe it but at the same time you do not want to be just giving away your money so analysis is still important. If I am gonna bet, I am not gonna bet on my favorite team just because they are my favorite. There’s gotta be a reason.
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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?
Bookmakers may overcorrect when adjusting their lines. If you learn how to analyze better than bookmakers despite all biases you may have a slight advantage over them.

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Hirose UK
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September 21, 2024, 05:59:47 AM
 #82

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.
But in handicap betting, the 50/50 chance will be much easier for gamblers to win bets, but there is something much more profitable for gamblers, namely double chance, although this option sometimes gives very small odds or is even unavailable if the results have been seen in match.
There are many betting options that can make gamblers have good chance of winning, basically all of this will be based on how intelligent each gambler is to choose bets that can be utilized and increase the chances of winning.
Of course, things are different in game because we will never really be able to get success with the predetermined game algorithm, gamblers will always be in large percentage of defeat.

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September 21, 2024, 06:36:31 AM
 #83

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.
Both of you are right. We playing gambling because of we want to fills our free time and not because of win the money. If we win, we should consider that is because of our luck so we don't have to chase more winning.

We can not deny that gambling is based on luck so we will difficult to win if we don't have luck. But this will not be understood by many gamblers and makes them still chasing their win money. The casino will takes the money than the gamblers so what we need to do is just use limit money to gambling.

The bookmakers have their advantage than the gamblers so we will only gives our money like that if we can not think to limit ourselves. That is why we should not think that gambling can give us the money because we don't have a big chance for that. But if any gamblers still want to try, they are free to try but they should accept the risk.

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September 21, 2024, 06:42:24 AM
 #84

Not sure what my advantage is compared to bookmaker, but what is certain is that every time I bet on a sport betting, sometimes I still get the profit of winning the bet even though I never count how much loss and profit I get.
Since the beginning of my acquaintance with sports gambling in online gambling, I have never compared the benefits I get compared to bookmaker. But all I think about is doing a little analysis and placing a bet, then watching the match.
Maybe that's all I get from gambling like the benefit of fun that bookmaker might not have. Smiley

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September 21, 2024, 07:20:40 AM
 #85

I don't think anybody has any advantage over the bookies.
For example,  if two teams want to play a match against each other and assume the two things are of the same quality and form, the chances of each team winning will be 50-50. So you'll see that their odds are almost the same, if not the same. If one team is way stronger than the other team and there's a big chance of winning, their old will be very small compared to the odds of the other team.
Now since the odd is so small, you either be a very high staker to win any reasonable amount of money on that game. When you stake high, that means more risk and it could be more money for the bookie if you lose, because there is always a probability of you losing.
If you don't stake high you'll need to add another match to your bet to accumulate the odds. You either pick games or options with bigger odds or pick more games with smaller odds and both these scenarios increase your chances of losing the bet.

So you see that you're never at an advantage. You can never be certain until you win and that's the only time you're at an advantage. The bookies hold all the cards actually. They decide if an option should be available or not. They decide of the odds of every option. If the option is certain to happen in the game, they either make it unavailable or give it a ridiculously low odd that wouldn't make sense to put money on it.
So the way I see it, your only advantage over the bookmakers is when you've won your bet.

R


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September 21, 2024, 09:06:07 AM
 #86

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?

Not quite, you must be smarter in picking games with attractive odds. It's similar to poker where it's not about winning every hand but about leaving the table with more money than you started with.
So if e.g. you bet on underdogs with really attractive odds, you'd still lose more often than win, but the payout for the winning bets could be high enough to turn profitable. It's all about the value not the frequency of winning.

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September 21, 2024, 09:20:32 AM
 #87

-snip-
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:
-snip-

This is like saying "I know that a huge number of scientists say that our planet is round. However, if we still treat it as flat...".

You want to convince yourself that there is some way to systematically beat their algos, but as explained before they have the advantage of benefiting from big numbers. You can be lucky enough to beat the house, but not in a sustained manner over time.

If you are looking for a source of income, sports betting is not. If it were, all sports experts would be rich.

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September 21, 2024, 10:57:08 AM
 #88

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?
Bookies have all the advantages mostly. Tons of information at their hands is probably all put into a formula that gives them their numbers. Home or away game, injury report(which is HUGE in some sports), coach info, weather, all sorts of shit.

Most of the info is available to john q public, but we don't always take advantage of it or know where to look. This is mainly talking about betting spreads. Where 1 could actually be considered a genius and have an edge vs the bookies is by being able to predict the upsets. Betting the moneyline on certain events that have huge odds in favor of the favorite team.

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September 21, 2024, 11:23:01 AM
 #89

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?
I'll tell you how to beat any bookmaker in the world.
Step 1: Find a bookmaker that accepts UFC bets.
Step 2: Make a research on UFC fighter that will be in Khabib's team and is from Daghestan Once you find a guy from Daghestan, make a bet on him winning the UFC match because they never lose Cheesy Bet on him winning his first UFC match, then make a bet on second, third... 18th match in a row and finally if we multiply all of those bets, you'll be left with millions of dollars in your pocket.
You might find it funny but I'm seriously saying, this is probably the best strategy. Just imagine if you made a bet on Khabib, this guy won 29 matches in a row, without a single lose.

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September 21, 2024, 11:33:10 AM
 #90

I decided to find out more about the opinion of forum users about their advantages in gambling....[.....]

What do you think is your advantage over the bookmaker?
Bookmakers set their lines to balance the action, so they aren't really my opponent since they’re just the facilitators. I just want to be on the right side most of the time so I can win in the long run. I only need to hit a 53% winning rate, so let’s give it a try.

Quote
And in general, do you have an advantage over the bookmaker?
like I mentioned, they don't have the edge because we are not playing against the house here.

Quote
Is it even possible to have an advantage over the bookmaker?
Of course, if you can find the right value in your bets, your real goal is to win over the long run. This means everything you do should be well-planned. Don’t place bets if you're not sure or if you haven't analyzed it properly.

 
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September 21, 2024, 11:43:18 AM
 #91

Not sure what my advantage is compared to bookmaker, but what is certain is that every time I bet on a sport betting, sometimes I still get the profit of winning the bet even though I never count how much loss and profit I get.
Since the beginning of my acquaintance with sports gambling in online gambling, I have never compared the benefits I get compared to bookmaker. But all I think about is doing a little analysis and placing a bet, then watching the match.
Maybe that's all I get from gambling like the benefit of fun that bookmaker might not have. Smiley
Bookmakers have their own difference between the odds, the spread that they lay down seems to me to be their advantage over the player. And the bookmaker simply waits until the players make mistakes in betting, this approach in my opinion is also decisive. Only a player who has some information about a fixed match can have an advantage over the bookmaker, but I think that these are big exceptions in our time.

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September 21, 2024, 12:03:33 PM
 #92

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.
The luck factor affects both the bookmakers and the gambler but the former has more advantages than the latter. It's true that if there were no luck factor the bookmaker would have it all and remain completely in control and superior to the gambler like you said. The bookmaker has more information at hand to analyze the outcome of matches than the gambler. Unless a gambler has some privileged information that can favor his bet otherwise they should just analyze based on team performance and the rest. Gamblers should bet with the amount that they can afford to loose because of the luck factor.











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September 21, 2024, 01:00:40 PM
 #93

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.
The luck factor affects both the bookmakers and the gambler but the former has more advantages than the latter. It's true that if there were no luck factor the bookmaker would have it all and remain completely in control and superior to the gambler like you said. The bookmaker has more information at hand to analyze the outcome of matches than the gambler. Unless a gambler has some privileged information that can favor his bet otherwise they should just analyze based on team performance and the rest. Gamblers should bet with the amount that they can afford to loose because of the luck factor.
You are right, bookmakers they will have more advantage than those who place bets and in this type of sports match of course they have a good understanding of a match and also the type of bet they make and only luck and also the right analysis will win the sports bet, if we do not have information about a team that we will place bets on then it is very unlikely to win the bet we placed.

Choosing to gamble with funds that we can afford when we lose will certainly be very important and will also help in maintaining the funds that we will use to bet and also when losing in betting, because when someone loses and cannot accept it will of course be very disappointing and they can make mistakes that will add to the losses they experience.

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September 21, 2024, 01:10:57 PM
 #94

Choosing to gamble with funds that we can afford when we lose will certainly be very important and will also help in maintaining the funds that we will use to bet and also when losing in betting, because when someone loses and cannot accept it will of course be very disappointing and they can make mistakes that will add to the losses they experience.

Using money that we are ready to lose is the principle of gambling. therefore control the money you allocate for gambling well.
Bookmakers will always offer reasonable odds. sometimes they even increase the Odds for some big matches that affect the gambler's thinking.
Bookmakers will be more favored when gamblers are not satisfied with single bets. they offer parlay bets, and that is more profitable for them. although the odds offered will be better for gamblers, but the odds will be more profitable for bookmakers. that's because the chances of winning will be smaller with just a little defeat, gamblers lose all the bets they have won.

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September 21, 2024, 01:32:35 PM
 #95


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?
Well it's a very difficult one to do honestly, you having an advantage over the booke makers is going to require a very high skill and luck definitely because you definitely have to be lucky enough to be ahead of them if you actually get to be because this people always have the house edge that keeps them ahead of you in that they aren't in t for the Short run but to keep you coming and loosing more than you win which is actually a long term deal so they keep that as an edge by enticing you with a small amount of win probably on your initial trials and sometimes later after several losses so you get a delusional hope which may later turn out false .

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September 21, 2024, 02:41:21 PM
 #96

~
But in handicap betting, the 50/50 chance will be much easier for gamblers to win bets, but there is something much more profitable for gamblers, namely double chance, although this option sometimes gives very small odds or is even unavailable if the results have been seen in match.

Define easy..
It's easier to win a handicap if you're going +2 for the outsider that is 4:1 but it's harder for the one betting on the favorite to win by two, Handicaps are not easier, they are just the reflection of modified conditions.

And in my humble opinion, unless you pick a total outsider that you think might turn to surprise us, like Liverpool losing to Nottingham which was at that moment 4.10 for x2 are a waste of time, most are at such low odds 5 victories in a row can;t give you enough profit to overcome one loss, I have a thread about low bets and I can tell you it's not going well at all.

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September 21, 2024, 02:55:00 PM
 #97

Not sure what my advantage is compared to bookmaker, but what is certain is that every time I bet on a sport betting, sometimes I still get the profit of winning the bet even though I never count how much loss and profit I get.
Since the beginning of my acquaintance with sports gambling in online gambling, I have never compared the benefits I get compared to bookmaker. But all I think about is doing a little analysis and placing a bet, then watching the match.
Maybe that's all I get from gambling like the benefit of fun that bookmaker might not have. Smiley

Yes, most people are more interested in sports betting than other gambling bets because they have their own differences, namely that sports betting mostly uses predictions by looking at the skills shown by both teams, while online and offline gambling bets, although using skills to play, the results cannot be predicted to win or lose.
And I agree with you, our advantage is when we feel like we have won and are satisfied with every bet we play, even though we lose a little, but we have entertained ourselves.

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September 21, 2024, 05:20:41 PM
 #98

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?

As a gambler that's into sports betting you must be updated when it comes to sports new and you must take out a lot of time to analyze games, this involves doing a lot of statistical research before placing your bets, doing this can give a a slight leverage over the market not a complete advantage. The odds are always against the gamblers at all times so gamblers come up with strategies to be in profit, a lot of these strategies as we know have failed countless times. The only way to have some advantage over the bookmakers is when you can get your hands on an arbitrage opportunity which is very difficult to come by

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September 22, 2024, 03:39:57 AM
 #99

Simply put, we must be smarter than the bookmaker. But is this possible?
For me, sports betting has already paved the way for you not to be under an unfair system except you are still not playing the real matches but the virtual ones. This is not a true outsmarting decision but you are already on a better path because you are not being deceived to play against an algorithm you can never beat.

Quote
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's 50/50 between bookmakers and the bettor in sports betting, so there is no serious advantage aside from this fairness. This is smart enough, still, a bettor has the better advantage only if he is good at what he is doing and leaving no stone unturned.

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September 22, 2024, 04:53:07 AM
 #100

It's 50/50 between bookmakers and the bettor in sports betting, so there is no serious advantage aside from this fairness. This is smart enough, still, a bettor has the better advantage only if he is good at what he is doing and leaving no stone unturned.

Have you won a lot of money in spot betting yourself? From what you say it doesn't look like it.

According to what you say most people should neither win nor lose money in the long run, when what happens is the opposite, most people lose, otherwise the bookies would have to close down. They play with an advantage by offering the odds and that's why they make money.

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