Is This Blind Betting?

[freedomgo]

Like you always pick the favorite because in your mind they have the better chance to win anyway, so why make it complicated. You don’t really check too much stats, injuries, line movement or anything like that, you just go with the team that looks stronger. I think a lot of bettors started like this. Betting on the favorite feels safer, because they are favorite for a reason right? But sometimes that is also where the trap is. The odds are low, the payout is not that good, and one bad game can already wipe out a few small wins.

So for those who have been doing this, how was your experience?

Was it actually fun and profitable for you, or just fun but not really profitable in the long run?

[AHOYBRAUSE]

Like you always pick the favorite because in your mind they have the better chance to win anyway, so why make it complicated. You don’t really check too much stats, injuries, line movement or anything like that, you just go with the team that looks stronger. I think a lot of bettors started like this. Betting on the favorite feels safer, because they are favorite for a reason right? But sometimes that is also where the trap is. The odds are low, the payout is not that good, and one bad game can already wipe out a few small wins.

So for those who have been doing this, how was your experience?

Was it actually fun and profitable for you, or just fun but not really profitable in the long run?

For me, I also always liked to bet the favorite, with unfortunately mixed results. I think overall I must be down betting on low odds cause somehow more than often my team found ways to show a terrible performance.
About betting blind, never doing that. Especially when I made slightly bigger wagers I always inform myself about recent history, standing, missing players in the lineup and so on.

[Charles-Tim]

Was it actually fun and profitable for you, or just fun but not really profitable in the long run?

Yes, just fun and not profitable in the long run is the reality. Some people may say it is not like that, but they may even be gambling and not making any profit in long term.

I have been gambling for years, what I realized even before I join this forum was that gambling is not a business, or a means of making money or income. If you are doing it to make money, it might seem easy, but it will later be known that it is a wrong thinking.

You make money, you tell your friends, but later losses may follow. You argue today because of the profit made, but tomorrow is another thing and opposite. The house edge and odds are in a way the gambling sites like how they make money from people, yes they like it.

[Questat]

I think it is fun, but it can never assure profitability because even if I don’t do blind betting and really analyze the game carefully, sometimes the result is still the same.

So it feels like I am just making things complicated, studying hard but still ending with the same outcome. Maybe it is better to keep it simple, follow our gut, and bet on the team we like. As long as we are only betting for fun and using a small amount, we will not feel too upset when we lose because the main goal is not really money, it is entertainment. Winning money is just an extra, because the reality is bettors still lose more in the long run, and that is hard to deny.

[imthegreat]

Like you always pick the favorite because in your mind they have the better chance to win anyway, so why make it complicated. You don’t really check too much stats, injuries, line movement or anything like that, you just go with the team that looks stronger. I think a lot of bettors started like this. Betting on the favorite feels safer, because they are favorite for a reason right? But sometimes that is also where the trap is. The odds are low, the payout is not that good, and one bad game can already wipe out a few small wins.

So for those who have been doing this, how was your experience?

Was it actually fun and profitable for you, or just fun but not really profitable in the long run?

I don't necessarily always choose a favorite. As a child, I always loved rooting for the weak. Maybe this is due to the fact that in my country, all sports teams on the world stage look weak, and therefore, when they show at least some positive results, I am happy. I'm serious, betting on the favorite is not a far-sighted strategy, and it's much more productive, regardless of the odds, to simply analyze the match and predict its results, and then just look at the odds. This way the opinion will be pure and not biased.

[rachael9385]

When I started out as a bettor I would always combine a lot of games and my favorite to bet on was the favourite team to win the underdogs. I made profit from it a few times but one lesson I learnt from this is that the team that the odds are in favour of might not really be in a perfect form, sometimes this is just a trap set out by the bookmakers and unfortunately a lot of bettors end up falling for it.

[danherbias07]

I always get it wrong with the spreads.

A lot of times I go for the favorite, but because I want to maximize the profit, I take spreads. Sometimes the amount is too absurd, and that's when I lost most of my bets. Well, I don't want to take the moneyline with just x1.30 to x1.50. I always go for the spreads to make it x1.80 and above.
If it's a heavy favorite, it could go to -10.5 to -15.5. I hate those kinds of high spreads, but because I am greedy, I'd rather take it than win a small amount. It's a wrong perspective, but I don't want to take the slow path. If I win, I want to feel the profit.

It's blind betting if you are doing it without even thinking. It can become expensive in the long run. We have seen many favorites losing their games, and it happens a lot of times.

[Pandu Geddon]

Betting on the favored team certainly yields small profits. There are bettors who eventually place large bets in such situations. But for me, it might be possible to look at other markets, though we have to pay attention to the odds, which might be quite good without taking bigger risks.

[nimogsm]

Yes, that happened. I've been burned several times at national football matches. When it seemed like they were the favorites, and there was no doubt about it, the result was completely the opposite. It's easy to fall into this trap during qualifying rounds in national leagues, so I often skip them and wait until the standings are updated, when it's clearer who the next matches will be against, and it'll be easier to track their progress.

[Agbe]

So for those who have been doing this, how was your experience?

It has been a bad experience. We can see what happened yesterday match. AFC Bournemouth is not a weak team but base on the positions in the Premier League, AFC Bournemouth is on the six position in the table while Manchester City is in the second position so many believed that Manchester City would win the match though there were doubts. And those who predicted Manchester City to win because they were at the stronger side of the game were disappointed. And those who placed bet on draw. Made it. Favorite teams have been disappointing gamblers.

[YOSHIE]

So for those who have been doing this, how was your experience?

I often say to my friends, especially those who gamble on sports, I advise them "if you love/favorite one of the clubs" don't gamble on online sports betting sites, Believe it or not, the bookie doesn't care and never knows whether you like or love a particular club, winning takes money and losing goes, that's what happens on sports betting sites.

For example, I said, friend A's favorite club is Man City and friend B's favorite club is Arsenal. Well, if both of them insist on maintaining their respective clubs, of course one of them will lose, in fact they know that one of the clubs is weak. So try to gamble and bet in a sporting manner, gambling is a game for anyone whose guidelines are betting on their favorite team, of course they will always lose, supporting one team is fine, that's outside of gambling, if you enter the world of betting it's different.

[Mhizlove]

Honestly for alot of people it starts as enjoyment because picking the favourite do give them little confidence, you win some and it will make you feel like you're getting it right. But as time goes on you notice that the little odds is not really building anything solid, so most times it will end up being more fun than profitable and one unexpected loss will or can wipe out alot of careful wins, so that's where people will understand that betting is not about who is or seems  stronger because on a long run the numbers do not really benefits the bettor.

[Obim34]

So for those who have been doing this, how was your experience?

Was it actually fun and profitable for you, or just fun but not really profitable in the long run?

Yes, just fun, seeing a team that has been performing really good, I don't think about too many analysis, I consider them favorite due to their recent form and based on that, it is a reasonable option to pick them as favorites.

More analyses are needed for average clubs facing each other, or two underdogs similar to the big dogs playing each other.

[cxtreenal]

Like you always pick the favorite because in your mind they have the better chance to win anyway, so why make it complicated. You don’t really check too much stats, injuries, line movement or anything like that, you just go with the team that looks stronger. I think a lot of bettors started like this. Betting on the favorite feels safer, because they are favorite for a reason right? But sometimes that is also where the trap is. The odds are low, the payout is not that good, and one bad game can already wipe out a few small wins.

So for those who have been doing this, how was your experience?

Was it actually fun and profitable for you, or just fun but not really profitable in the long run?

There are pitfalls in these matches but most gamblers don't understand that. This is the fun of gambling because even if the odds are in favor of the best team, no one can guarantee you that you will win every time. You naturally tend to bet on whichever team is the best in your analysis but sometimes that team loses for no reason maybe the opposing team used a great strategy or the strategy of the strong team didn't work properly or the bookies influenced the outcome of the match.

I almost get into such betting situations because it is not unusual for a strong team to win against a weak team. But losing a bet because the result goes against the strong team seems unacceptable because at that time it feels like someone deliberately beat you in the bet.

[shawonngp]

I used to pick only my favorite team, because my favorite team is the most popular, top ranking, looks strong compared to the opposition team, that's why I picked it. But I used to stake a big amount in the confidence that since it is a big team, the win is sure. But I have lost many such matches while choosing my favorite team, yes, many gamblers indeed pick their own favorite team blindly, they don't do any analysis, I think it is their overconfidence. The favorite team always has low odds, but we lose a big amount for a small profit. Of course, it seems like a trap to me. I don't treat gambling only as a means of entertainment; there is definitely a profit needed, because no one wants to lose. Everyone wants to make a profit.

[Fortify]

Like you always pick the favorite because in your mind they have the better chance to win anyway, so why make it complicated. You don’t really check too much stats, injuries, line movement or anything like that, you just go with the team that looks stronger. I think a lot of bettors started like this. Betting on the favorite feels safer, because they are favorite for a reason right? But sometimes that is also where the trap is. The odds are low, the payout is not that good, and one bad game can already wipe out a few small wins.

So for those who have been doing this, how was your experience?

Was it actually fun and profitable for you, or just fun but not really profitable in the long run?

I guess you're talking about sports betting, in which case there are many people who will either 1) bet on their team to beat the rivals or 2) not bet at all because they think that their team/player might be the underdog but it would be an insult to bet against them. There's nothing wrong with this approach to betting and it's probably more consistent than other forms. I've yet to see anyone really claim to have made a successful fortune from this strategy because the odds that casinos use also account for this. Really, it's just about a bit of fun when betting on the side you support and if you choose for that reason you cannot go wrong.

[bitbollo]

You said right. No fun in the long term. Definetely boring.
You can't upscale your income since this require to risk more or just there is no liquidity in the market (like in the exchange game).
Potentially, even if you reach the latest level of magic betting, you will receive commission to pay... that erode any margin.
With gambling there isn't free money.
After a certain amount of time/money involved you realize that this can be like a "normal job office", with the same earning, time involved.
This not means is "easy". You have to be constantly professional... You can't miss a single bet... Did you know people that find their job "fun"?

[rdluffy]

I like betting on soccer because it has some interesting features
When you know the league and the teams you’re betting on well, you can spot some good betting opportunities
Of course, most of the time the favorite will win, and the odds won’t be high enough to make the bet worthwhile, so in the long run you tend to lose

One thing I always tell people when they ask me about sports betting is that you won’t know for sure whether your picks are any good until you actually place a bet
In theory, it’s easy to think betting is simple, but once you start betting, you realize it’s quite different
I’ve never done that blind betting, hehehe

[crwth]

This is the never-ending discussion about what betting is for each person. I am imagining this as quite hard, just because, as you said, it could already wipe out small wins.

If I were to continue this, I would know I'm biased and not being objective.
^{(This leads to losses in my opinion)}

[Hispo]

...

So for those who have been doing this, how was your experience?

Was it actually fun and profitable for you, or just fun but not really profitable in the long run?

It was fun and profitable in the beginning, but it was just matter of time before some underdogs wiped out what I had managed to accumulate in previous sessions.
Soon I realized that always going for the favorite was not a reliable way to achieve consistency on betting markets, so I started to step down my budget and only take part in markets where I had more than a simple hunch on the winner, some technical analysis was always needed so I felt more confident on whatever I was going for.

Also, I don't think always going for the favorite is "blind betting", because there is at least that reason we would have decided to bet in favor of a specific team over the other, though.
Betting blind would be the equivalent on not even paying attention to odds and just picking up our team at random, which obviously it is even a worse idea than always going for the favorite, one can never reach consistency going completely blind on one's choices.