Low Wager, Low Risk, Low Reward

[aoluain]

One of my has started a new strategy of betting on really low odds games. He has the
outlook of aiming for anywhere in the region of a 3% return.

He started 4 days ago and has an overall 96% win rate and 24 wins from 24 wins yesterday,
so overall its working - so far.

He bets low odds, low returns with low wagers - $5 max on odds of no greater than 1.18 . . .
so it takes a lot of time overall.


I explained to him that the biggest enemy of his strategy is himself, anyone doing this would
need to be extremely disciplined, which is very difficult to maintain.

Positives:
Low odds can mean low risk

Negatives:
Low return
Balancing a loss takes time because of the low return
Maintaining discipline


Is anyone else betting on low odd's games?

It would be interesting to hear if anyone has been doing this and are successful.

[Cointxz]

I saw a lot of sports bettor doing a low odds bet pick as strategy on Reddit but I still don’t see someone sharing that he manage to earn big using this method.

The overall PnL after many bets like 1000 bet is very crucial on this strategy since you will need huge sample just to get a significant result for your experiment.

Worst result is if you are in negative/breakeven PnL after spending lots of time for your bet pick. Does your friend carefully do an analysis on each bet pick or just randomly get a match with low odds?

[DubemIfedigbo001]

It would be interesting to hear if anyone has been doing this and are successful.

This works actually but in the long run he would experience some loss, Low wagers are good, provided he has a budget he wouldn't exceed even though he starts recording some loss. He should really know when to pull out if his luck turns red.

I did this a lot earlier, but my problem with it is that it is very boring and you would have to stake on lots of games to get a tangible return. I prefer something entertaining and less risky too and that's why I go for parlays with low odds and with a bit of medium or high returns.

Does your friend bet on single matches or a parlay of selections with very low odds? It is more boring going low stakes on single matches of very low odds.

[giammangiato]

Is anyone else betting on low odd's games?

It would be interesting to hear if anyone has been doing this and are successful.

The downside unfortunately is the one that affects all the work done, despite having a 96% yield it only takes one bad bet to start again for at least the next 5 or 6 bets (and win them) to recover what you lost.
This strategy may seem conservative, but in the long run he either gets bored and gives up or realizes that it is not profitable at all.

[Oshosondy]

Positives:
Low odds can mean low risk

This is not true at all.

Someone doing this can have 50 winning but just 3 losses can wipe his whole money and also wipe all his profits.

This can work at first but no guarantee that it will continue to work. I am talking from experience.

3% profit means 1.03 odd which is very low.

[Sammye3]

For this kind of strategy, he must have patience so not to go out of strategy because greed can begin to set in gradually when he has consecutive winnings and he might begin to aim higher with same expectations.

He would need to start with a huge amount in other to get a significant outcome over time because starting with a small amount might take longer time to accumulate a significant amount.

In most cases, even low wagers are not also assured and he could lose everything in one bet but it could be advised he sets a time range or a specific target in the long run and work with that.

[Dr.Bitcoin_Strange]

Yes, I bet on low odd games with hope that the rate of its success is high, I do win many times while the losses come unexpectedly and it could come when you already staked with a huge amount out of the confidence you have on that game but the result will turn bad clearing a whole lot of your bankroll. So, what I can advise someone using this strategy is to stick with a proper bankroll management, don't stake with more than 40% of your bankroll.

[coinrifft]

Still not an assurance that you can win those games in low odds.

https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/

So I'm not into this kind of low wager->low reward. I'm still that go all in and YOLO and see how it goes. And it's obvious that gamblers have different mindset, but I think there is more aggressive that really look for at least 1.8 odds.

[casey15]

One thing I have discovered is that low odds games sometimes(if not all the time) have a very high win rate. Their risk are small and so the potential wins will be small. With the high win rate, even losses can be recoverd though not as quickly as it is lost. How ever the very low winning return is the downside. I personally will choose to have high risk with big odds because even when I lose, one win can easily recover the losses .

[Mpamaegbu]

... could come when you already staked with a huge amount out of the confidence you have on that game but the result will turn bad clearing a whole lot of your bankroll.

I don't know why it often happens that way, like someone is using voodoo or some weird power on someone, remotely. The small wins will trickle in but once bets are increased the luck ceases somehow. I've a friend who believes someone somewhere is monitoring and manipulating his gambling activities because of such outcome. No explanation seems to be okay to make him believe otherwise. To be honest, I used to reason that way too in trading until I realized it was lack of my understanding and skill set which were hugely responsible for my losses.

[cryptomaniac_xxx]

For this kind of strategy, he must have patience so not to go out of strategy because greed can begin to set in gradually when he has consecutive winnings and he might begin to aim higher with same expectations.

He would need to start with a huge amount in other to get a significant outcome over time because starting with a small amount might take longer time to accumulate a significant amount.

In most cases, even low wagers are not also assured and he could lose everything in one bet but it could be advised he sets a time range or a specific target in the long run and work with that.

Yes, that's what the OP says, you really need to stay discipline along the way as the reward is very low. Although I might have to ask the OP if this could also take flight like using martingale system?

Let's say you won like x amount and then the next time you chooses another low odds but this time you bet everything that you won, capital + winning margin. I think it might be a good strategy. But still though, it might come a time that even with a low risk, your bet are going to take a L. So still depends on how the gamblers are going to used that kind of strategy that I mentioned.

[rdluffy]

In theory, the idea is good, but in practice, I'm curious to see if it will work in the long run
Low odds seem pretty easy, but when you start betting, you realize that it's not uncommon to lose these bets and hurt your bankroll

If you win 7 bets of 1.15, for example, and lose the 8th, you will be left with no profit

[Shadiq]

This strategy only increases the number of your wins, not the amount of wins. The positive side is that the number of wins increases, the negative side is that it takes more energy to recover the lost money. This will make me bored, not too big and not too small. I like to limit myself to 1.5-2.5 odds. Even if I lose, it's not a problem, because I'm just having fun, winning or losing is not a big deal, but maintaining the bankroll for a long time.

[Beparanf]

One thing I have discovered is that low odds games sometimes(if not all the time) have a very high win rate. Their risk are small and so the potential wins will be small. With the high win rate, even losses can be recoverd though not as quickly as it is lost. How ever the very low winning return is the downside. I personally will choose to have high risk with big odds because even when I lose, one win can easily recover the losses .

You can choose the middle range risk which is 1.5 to 2.0 odds instead of higher risk bet to have decent winning chance rate and at the same time have good return on your bet.

Just find a match that has an odds that is closed to its statistical winning probability and avoid bets that heavily influenced already by its popularity.

[Nightwalker(NW)]

If must tell you the truth gambling is about discipline and not by how professional that person could while gambling and of course when the said gambler uses a very tiny amount their returns as well could be that tiny especially when they bet also on a very low odds it would give that person chance to be about to control their emotions and feeling not to affect them while gambling. The majority of people who are losing today in gambling is as a results of lack of control and also impatient because they usually want it big without gambling according to their limits or capacity whenever it doesn't work out again they wouldn't be that feeling so depressed and thinking of the amount they spent while gambling.
Low Odds, Low wager is definieily gonna gives you small rewards when it happens to come out winning.

[Dunamisx]

I like this method, if we can often try it and be safe from high risk in gambling, stake low, go for low wager, Minimize risk as well and earn small reward at the end, which if we can be trying the same procedures often, we are going to have more of winnings than losing, but because of the nature of human and the way we place demand on wining high, we took the risk that make it almost impossible to win a bet.

[7juju]

I gave up on low odds long time ago because of my experiences with low odds, I was this close to winning a big amount on few occasions and it turned out that it was low odd that always turn out to be the spoilers, because of that I gave up on them. Low odds will drive you crazy. I rather bet on decent odds and if it cuts I will not feel it than for low odds to cut my bet. Your friend should enjoy his low odds betting as it is working for him, some of who tried it in the past it didn't work out maybe low odd it's never my calling as it doesn't favour me.

[Text]

I’ve actually tried a similar approach before low odds low returns & small bets basically the safe win strategy  & yes it can work but only if the discipline is really strong but the real challenge starts when that one unexpected loss hits cause the returns are so small it takes a long time to recover & that’s usually when people start increasing their stake just to chase the loss that’s where bankrolls get destroyed. The positive side is true, low odds generally mean lower risk but personally I feel the time and focus required don’t really match the reward unless you have a very large bankroll.

[Zigabel]

The down side of strategies like this has always been in how long it will take to recover losses when you get one, since the risk is low and the odds are not up to 2x on a single bet, a loss will require you have multiple successful bets to be able to recover from the losses you got from the previous losses. for me any strategy that is not getting a 3x at least for each bet, is just too risk and not one in which i will want to take at a time because i will not see it as ideal enough, in situations where i suffer losses, i do not want to have to chase the losses to recover, i want to be confident enough to know that recovery can be achieved just by my next win or by my next two games at max.

Another aspect is in the fact that to get a tangible profit form this strategy, you will need so much time of which you may eventually loose your money even before you get to such profit and may have not had the form to continue with the game any further to the point where you will make the profit to cover up for the losses enough.

[DYOR+BTC]

Every gambler has his or her unique gambling pattern that help yield high or positive results while gambling, and mine may be different from your so also is yours different from mine but the truth of all is never to gamble with a personal pattern that may be helpful at last.  As for the above mentioned strategy that involves low wager, low risk , low Reward, I see it as a good gambling practice that helps in risk reduction and high profit generation as its primary objective is to regulate the gamblers gambling activities and make winning more possible even as its clear know game is 100 percent possible.