What is your confidence score?

[Italian Panic]

When you bet on sports, how do you rate your confidence really?

When someone places a bet, they do so because they are fairly confident that their pick is the right one and will win, but the ball is round and anything can happen. For example, someone bet over the weekend that Leeds would beat Manchester United, a bet that paid out at 5/1, and made a good sum. Who would ever have thought that Leeds, in such excellent form, would beat Manchester United? Yet that’s exactly what happened. That’s why we can say that no one can be certain of winning a bet, unless they have inside information about a fix.

[eisen33]

When someone places a bet, they do so because they are fairly confident that their pick is the right one and will win, but the ball is round and anything can happen. For example, someone bet over the weekend that Leeds would beat Manchester United, a bet that paid out at 5/1, and made a good sum. Who would ever have thought that Leeds, in such excellent form, would beat Manchester United? Yet that’s exactly what happened. That’s why we can say that no one can be certain of winning a bet, unless they have inside information about a fix.

I think that for there to be players who are confident in an underdog’s victory, they must have some kind of reasoning behind it. You can’t just sit down one day, analyze a match, and decide to bet against Manchester United, especially when they were winning all their home games under Carrick. It was possible to assume that Leeds might score, but the idea that they would actually win seemed almost impossible. And yet, they did win, I think there were very few bets placed on a Leeds victory.

[Dunamisx]

I don't think gamblers will be able to reach themselves lower when it comes to confidence score in gambling because we all wanted to have a winning opportunity and earn something while gambling, so I don't think anybody will be able to rate himself lower than 70% when it comes to their confidence school because the belief of self-confidence in gambling is very possible even though in reality, you may not get up to this rate because it is more easier to lose than to win.

[Zigabel]

A good number of persons when they place bets, they have that almost 100% confidence level in their bets and that's  bause they have done all they taught to be the needed analysis and there's no way they expect it goes contrary and so for the sake and accommodation of uncertainty, they leave the other 10% and believe 90% they have placed a good bet and expect to win. Personally I could rate mine around 40% or there about, this is me been real as relative to the reality of my results so far, but if I want to express in the confidence of my analysis and how I place the bets, I will definitely join the 90% bandwagon.

One weakness or flaw I have noticed with my predictions sometimes happens to be with my too much dependency on statistics rather than a balance incorporation of psychology and statistics, I noticed if these two are applied in a balanced manner, you tend to have a better predictions because sometimes a team may have a very good record and their statistics will be perfect to believe they will win but at that time, for that particular fixture, they may not be psychologically positioned to handle that game and that is the part where the uncertainty takes a greater part of the game and put them at a loosing edge meanwhile your analysis statistically gives them the win.

[imthegreat]

Any gamblers that is building high confidence on the games they are playing could end up being emotionally hurt and drained because those bets will not go in their favour at all time. What gambling even does most of the time is that it doesn't pay off at that moment when we have given a 100% hope that the game is going to be successful but for some games that we had doubts on, they do play successfully.

The whole point is not to get too excited about what we're sure of, because you can't be 100% sure about a bet, because that's what working with probabilities is all about. We simply assume the odds are undervalued by bookmakers, and we see an opportunity to make money, nothing more. I've always smiled at players who wanted to put everything they had on one bet, because they were confident in it, and then lost. We need to take a more relaxed approach and allow for the possibility that a bet might not win, and also look more broadly and long-term, focusing on many bets rather than one life-changing one.

Apparently, the Fomo phenomenon has a strong effect on bettors, as well as on investors and traders.
They see that there are many factors that come together in a single match, and they know how to predict them, which psychologically turns this bet into a dream bet. I can understand these people, as they fear that there won't be another great bet anytime soon, but it's not logical to put all their money into a single bet. It's always better to make multiple smaller bets, which eliminates the element of luck and demonstrates the true skill of the bettor.

[mirakal]

Apparently, the Fomo phenomenon has a strong effect on bettors, as well as on investors and traders.
They see that there are many factors that come together in a single match, and they know how to predict them, which psychologically turns this bet into a dream bet. I can understand these people, as they fear that there won't be another great bet anytime soon, but it's not logical to put all their money into a single bet. It's always better to make multiple smaller bets, which eliminates the element of luck and demonstrates the true skill of the bettor.

That is very different from trading, because in trading we really believe we can make profit, that’s why we get hit by FOMO. But in gambling, it’s more like chasing losses, and we don’t even care much about the game anymore. As long as there’s an available match, we just bet and stay blindly confident that we’ll win.

At least that’s how I see it based on my own experience. It feels very different, that’s why for me they should not really be compared as if they are the same.

[Taskford]

Any gamblers that is building high confidence on the games they are playing could end up being emotionally hurt and drained because those bets will not go in their favour at all time. What gambling even does most of the time is that it doesn't pay off at that moment when we have given a 100% hope that the game is going to be successful but for some games that we had doubts on, they do play successfully.

The whole point is not to get too excited about what we're sure of, because you can't be 100% sure about a bet, because that's what working with probabilities is all about. We simply assume the odds are undervalued by bookmakers, and we see an opportunity to make money, nothing more. I've always smiled at players who wanted to put everything they had on one bet, because they were confident in it, and then lost. We need to take a more relaxed approach and allow for the possibility that a bet might not win, and also look more broadly and long-term, focusing on many bets rather than one life-changing one.

Apparently, the Fomo phenomenon has a strong effect on bettors, as well as on investors and traders.
They see that there are many factors that come together in a single match, and they know how to predict them, which psychologically turns this bet into a dream bet. I can understand these people, as they fear that there won't be another great bet anytime soon, but it's not logical to put all their money into a single bet. It's always better to make multiple smaller bets, which eliminates the element of luck and demonstrates the true skill of the bettor.

I find newbies is easy to get by FOMO's and usually they are listening that its easy to win, because their favorite influencer said that or they got inspired with huge wins they see and think that there would be a time that they can hit a jackpot and their life will change instantly.

That thinking posses huge risk because with this addiction may start to exist and to bad for those people will experience that, since instead of their life will change. The bad result show up and they lose lots of money. Then worst they fall from addiction and everything turn unto huge mess not only with their side only, but also with those people around them.

[GeorgeJohn]

so I don't think anybody will be able to rate himself lower than 70% when it comes to their confidence school because the belief of self-confidence in gambling is very possible even though in reality, you may not get up to this rate because it is more easier to lose than to win.

This are the major issues we have in gambling, The percentage of people who lose in gambling is higher than the percentage of people that wins from gambling....

Upon that, people will still show interest on gambling, so gambling is basically a personal decision and personal strategies, i believe that many people is into gambling need to know that gambling is all about understanding...

[Mindyspace]

I don't think gamblers will be able to reach themselves lower when it comes to confidence score in gambling because we all wanted to have a winning opportunity and earn something while gambling, so I don't think anybody will be able to rate himself lower than 70% when it comes to their confidence school because the belief of self-confidence in gambling is very possible even though in reality, you may not get up to this rate because it is more easier to lose than to win.

I understand what you're saying. When someone decides to bet, they usually go in believing they have a good chance, so it's normal for confidence to seem high. But talking about 70% or less confidence is more about recognizing that the game is uncertain.

Sometimes it's even good to admit that we're not so confident, because that helps keep our feet on the ground and bet more carefully. In the end, the important thing is not to let confidence become excessive, since in gambling losing is still more common than winning. Regarding gambling, it's always good to have strategies.

[Asiska02]

Be honest, when you say 70%, 80%, or 90% confident, does that actually match your results in the long run? Or do you later realize your confidence was way higher than the real edge?

For me, one of the biggest problems in sports betting is not only picking the wrong side, but judging a bet like it is stronger than it really is. Sometimes it is emotion, sometimes loyalty to a team, sometimes chasing a loss, sometimes the odds just look too tempting so you ignore the bad signs.

So what about you, what is your real score when judging your bets? And what weakness do you notice most in your own style?

Maybe if people answer honestly, we can have a decent discussion and maybe learn something from each other.

While betting on sports, people have a lot of many opinions as to why there confidence level gets boosted and feel they will come out successful in the bets they’ve taken. Of all the reasons you’ve mentioned above the reason why some people hype their confidence level, they’re all just what should be avoided because gambling don’t work on that and don’t care about your emotions, club you support, and then chasing your loss should be the worst thing you can ever do to boost your confidence level.

Gambling is a game of luck, once they find you, you’ll be profitable and nothing more. The best confidence level a gambler should have should be 50%, this doesn’t mean you should put the love of your club, personal feeling into betting, it’ll only make you lose more. Gambling is of no concern to your interest or likeness, just focus on making the best out of gambling journey while risking well and make decisive judgements.

[Nathrixxx]

Could what we have in mind as confidence score be the actual code to have a plane in a particular gaming gambling, or maybe it may be asking this way that if we have been successful in such as we have a confidence score at the same target by the end of it, I also don't know if many of us do achieve having our confidence school as the actual fact to every bet taken or not.

[odunybiz]

I don't think gamblers will be able to reach themselves lower when it comes to confidence score in gambling because we all wanted to have a winning opportunity and earn something while gambling, so I don't think anybody will be able to rate himself lower than 70% when it comes to their confidence school because the belief of self-confidence in gambling is very possible even though in reality, you may not get up to this rate because it is more easier to lose than to win.

I don't see reason why one should over rate oneself in betting knowing gambling is not only by our analysis but also accompany by luck sometimes. Although everyone want a win when gambling but this is less possible as no matter how good you are in analysing sport, you can't win everytime. Although I will support a rating above half as that assure you of profit while gambling. If you rating is below half, then you are not really confidence of what you are doing, then such person should stop gambling unless if his/her gambling life is fully based on fun.

[Odusko]

I don't think gamblers will be able to reach themselves lower when it comes to confidence score in gambling because we all wanted to have a winning opportunity and earn something while gambling, so I don't think anybody will be able to rate himself lower than 70% when it comes to their confidence school because the belief of self-confidence in gambling is very possible even though in reality, you may not get up to this rate. After all, it is more easier to lose than to win.

No gambler will pick a team that they don't have high confidence in, this is because gambling on sport is something that most time's comes with fans base, that is to say that, for a sport bettor to pick a team, he must be first of all a fan of that team, this make their confidence level so high, so if you should ask me I will say I raye my Confidence level on each games approximately above 80% until the game prove me otherwise.

[Antotena]

I am not confident with my bet as I can't analyze better than others. But I don't minds that as I want to gamble using small money and will accept the outcome. I am afraid that if I say 70% or more confident will makes me lose control.

We need managing our emotions so that will not interfere our analysis and placing the bet. We don't have to be serious in gambling and just considered for fun and releasing your stress. You can losing control and forget the reason for playing gambling if you affect to gambling.

I have much success in bet when I parlay small matches than when I combine multiple bet in large quantities, this is what has worked for me and some gamblers but because small so multiple bets doesn't result to plenty odd, people don't like it or people that like it tend to bet more than what they can afford to lose and there is nothing that guarantee one with any success rate even if the multiple bet is short, that's the problem with some gamblers but I like my simple rule.

Some people are very skilled with betting when money isn't involved, tell them to give you a rough sheet of games and select the best for you and watch them win good money but as soon as they want to put their money, they loss every skill this is because they don't have the mind to bet. I used to be guilty of this in this past but as I learn to use the little money that wouldn't have any effect on my financially, I win more than I lose to casino.

[lovesmayfamilis]

I will not persist in claiming that I can always be confident in my bet, since even when a strong team is playing with a newcomer, unexpected incidents can happen, and all because people are playing, not robots. Therefore, self-confidence can motivate us to play more often and more boldly. thereby allowing you to create bets on larger amounts. But it is always worth understanding that we cannot look into the future, no matter how obvious it may seem to us.

[DubemIfedigbo001]

Apparently, the Fomo phenomenon has a strong effect on bettors, as well as on investors and traders.
They see that there are many factors that come together in a single match, and they know how to predict them, which psychologically turns this bet into a dream bet. I can understand these people, as they fear that there won't be another great bet anytime soon, but it's not logical to put all their money into a single bet. It's always better to make multiple smaller bets, which eliminates the element of luck and demonstrates the true skill of the bettor.

That is very different from trading, because in trading we really believe we can make profit, that’s why we get hit by FOMO. But in gambling, it’s more like chasing losses, and we don’t even care much about the game anymore. As long as there’s an available match, we just bet and stay blindly confident that we’ll win.

At least that’s how I see it based on my own experience. It feels very different, that’s why for me they should not really be compared as if they are the same.

Trading and gambling can never be the same, trading requires skills and understanding of the market while gambling is more dependent on luck than skill, unless for physical gambling settings. Trading has a way of mitigating risks with stop loss feature which the trader sets for themselves while the gambler relies on if he's given a cashout option by the casino and that's pure luck as well.

They're only similarities is possibility of profit, which a skilled trader has more possibility than a skilled gambler and the rush factor which I cannot really tell between trading and gambling which is riskier since they're very prone to loss of serious funds if not carefully managed

[SPIDERMAN008]

I don't think gamblers will be able to reach themselves lower when it comes to confidence score in gambling because we all wanted to have a winning opportunity and earn something while gambling, so I don't think anybody will be able to rate himself lower than 70% when it comes to their confidence school because the belief of self-confidence in gambling is very possible even though in reality, you may not get up to this rate because it is more easier to lose than to win.

In this case I think a little differently. I don't go by confidence. If my favorite team plays in a match, I bet on that team. If I think that my selected team is more likely to lose, then I bet with a smaller amount. And in the case of sports betting, even if I bet normally, I believe that the result may not come according to my thinking and prediction.

So I don't want to see it as confidence. Because it has happened to me many times that even after I bet on a strong team, that team lost. Now this is being observed in recent Premier League and La Liga matches. Weak teams also change their playing style and win many times.

[Muba20]

So what about you, what is your real score when judging your bets? And what weakness do you notice most in your own style?

Confidence is important along with other conditions. I was initially confident in some bets but after seeing the match conditions in the middle of the bet I changed the bet and later it was seen that the first bet was correct. Here it is very easy to understand that it is not possible to win without confidence in betting. If I had not changed my decision then I would have won but due to lack of confidence I can not control my emotion and I have to lose my wins. Your words are certainly not unreasonable but in betting we cannot give any guarantee even about the favorite team. As gamblers we must bet amidst uncertainty.

[Jaycoinz]

Much confidence shouldn't even be a topic of discussion when it comes to gambling, because that's a one way route to losing a whole lot of money because there is certain level of confidence that you will have that will guarantee you even making silly mistakes to the extent of doing stake so high without noting to the fact that there are simply nothing that is certain with betting and the more you feel confident about a particular game the more the surprise you will get off the game.

[Gost ms]

When you bet on sports, how do you rate your confidence really?

When someone places a bet, they do so because they are fairly confident that their pick is the right one and will win, but the ball is round and anything can happen. For example, someone bet over the weekend that Leeds would beat Manchester United, a bet that paid out at 5/1, and made a good sum. Who would ever have thought that Leeds, in such excellent form, would beat Manchester United? Yet that’s exactly what happened. That’s why we can say that no one can be certain of winning a bet, unless they have inside information about a fix.

Winning a bet is completely based on luck. But yes, if a match is fixed, then maybe it is a completely different matter, but betting is completely based on luck. Football is a game where you can't tell what will happen in the match even 1 minute before the end. If we consider Real Madrid at the moment, we can understand. Real Madrid's current situation is so bad that they are losing and drawing at home against small teams. No one ever expected something like this from a team that has big stars like Mbappé and Vinícius.