Did we ever consider the missing 0.10 in Sports Betting Odds?

[sompitonov]

The thing is, even if you bet on compilation of different games, you reduce your chance of winning because more games in a parlay bet reduces the chance and even if you also do that, the small margin of the bookie will still be missing from those odds and like you said, it's business for the bookie and they will always do what will benefit them, so this is understandable for me and I don't usually have problem with it but those gamblers that are serious bettors are the ones that take it more serious, because betting is not just entertainment to them but a means to make money.

Bookmakers will always care about their margins, which increase their cash flow, so it's perfectly normal for them to want to increase them. But I, on the other hand, prefer to look at at least five other bets before placing a bet to find more favorable odds. And if I do this often, I'll save money over the years, and maybe even end up with a profit on my bets. Of course, I'm skeptical, but why not use the options available to us and at least avoid losing money on them, since we have such a hard time earning it at work anyway?

[lombok]

The thing is, even if you bet on compilation of different games, you reduce your chance of winning because more games in a parlay bet reduces the chance and even if you also do that, the small margin of the bookie will still be missing from those odds and like you said, it's business for the bookie and they will always do what will benefit them, so this is understandable for me and I don't usually have problem with it but those gamblers that are serious bettors are the ones that take it more serious, because betting is not just entertainment to them but a means to make money.

Bookmakers will always care about their margins, which increase their cash flow, so it's perfectly normal for them to want to increase them. But I, on the other hand, prefer to look at at least five other bets before placing a bet to find more favorable odds. And if I do this often, I'll save money over the years, and maybe even end up with a profit on my bets. Of course, I'm skeptical, but why not use the options available to us and at least avoid losing money on them, since we have such a hard time earning it at work anyway?

You are correct, the most logical defense mechanism of bettors is to search the most optimal offers on various betting sites. This selective method clips good profits off of the bookmakers who as you know normally eat balances without even noticing.

The attempts to make money by working daily have to take into account the risks of spending money on entertainment. The right decision to take is the one that will make you a lot of profit, as a good looking barrier to block your capital against any cumulative losses in the future.

[Inior]

I prefer to go for only just the winning team, which is all I am after.

But did you know that this forum only help most people to know what is going on about house edges? Most people do not know about it but they know that the betting sites setting odds that will only favour themselves/the gambling sites.

when i started gambling I did not really know anything about house edge, as a matter of fact I never thought that such a phrase existed until I joined the forum, this makes me agree with the point you made. Personally, I think it is important to pay attention to little details sometimes instead of just focusing on the winning team or any other option you choose. if 0.10 odds is taken out from an odd that was already fixed then there is something that has changed about that game, taking a deeper dive into it before betting on it can be helpful, although sometimes this is nothing to worry about but I order to be on the safe side it is important to always run proper analysis when this is noticed.

[Smartprofit]

In my opinion, online casinos treat players the same way a government treats commercial companies. When a government lacks budget revenue, it simply raises taxes. The government doesn't want to run out of revenue, and commercial companies are forced to adapt to the current situation. 🙋

Bookmakers always factor their margin (profit) into the odds. Essentially, the bookmaker doesn't care which sports team wins or loses. The bookmaker will make a profit either way. In the long run, this works like taxing players.

In my opinion, this is worth considering when betting on sports. It's not so much about understanding which sports team is stronger or weaker (usually this is obvious) as it is about understanding where the bookmaker made a mistake in setting the odds. Identifying incorrectly set odds is a source of long-term profit for an experienced bettor.💁

[MorganaX]

Every change in the odd arrangement happens for a reason and it is important to understand that this is something that can affect the outcome of a game. Most people Say that they would not bother when they notice such changes probably because it is an insignificant value. This missing odd clearly shows that there is a change in the game and the bookmakers use this to their advantage a lot of times.

[gracreavix]

It's not really about the odd. It's about whether you can win most of the times. That's better way it can be. If something has a higher probability of winning, I will not even talk about the odd removal. Most of us wouldn't mind if we were actually winning. Our focuse have shifted just because that one is poses a greater risk of smaller profits it the game actually wins. For whatever reason the odd was reduced, it's all to be them.

[leonair]

Those who bet on sports are mainly busy looking for a good team that is more likely to win. And here they do not pay much attention to the Odd calculation. They make a potential team prediction and place bets based on it. And those who do odd calculation for a match are very expert and professional, they calculate it in such a way that there is no confusion among the gamblers. And as you mentioned, not every match has such odds. Odds are calculated based on which team plays against which team in a match. But no matter how it is calculated, a sportsbook platform must generate a good amount of revenue from it. And that is why there are such small differences.

[Bright0515]

Odds arrangement are very important to study as a bettor because these changes are actually what gives you an idea of any changes that goes on prior to the match. I always place my bet at least 30 minutes before the game to notice if there would be any form of readjustments to make. 0.1 odds being taken out of a fixed odd means that the chances of that particular team to win is quite high than others but it could also be an odd manipulation by the bookmakers for them to have an advantage.

[fredericktaylor]

Every change in the odd arrangement happens for a reason and it is important to understand that this is something that can affect the outcome of a game. Most people Say that they would not bother when they notice such changes probably because it is an insignificant value. This missing odd clearly shows that there is a change in the game and the bookmakers use this to their advantage a lot of times.

Odds changes depend on every factor in sports betting. It is completely unpredictable, but there is no guarantee that the bookmakers' predictions will be correct all the time, so most people do not take the slight changes in odds very seriously. Bookmakers certainly use various strategies in their interests so that they can avoid big losses and make money. After considering all factors, bookmakers determine the odds in a way that ensures their profit whether the team wins or loses.

[boyptc]

It's a small odd that cannot make a difference to us. But that missing little difference could make a huge difference to the house.

That kind of mindset, we are only good for entertainment, because we dont see it big. ( that's fine).

Yes, and gambling's entirety should be looked upon that view - as an entertainment.

Because it's not only we're talking about our own 0.10. That is about how many users have been added to that and consolidated with that odd that they can get with for a match.

Yes, considering only for one match then it's a lot already. So having that idea of how many matches there are per day, sum it up and that's the house edge and revenue for them.

Hmm, I'm quite confused with your explanation, or maybe I just didn't understand it well.

But this is how I see it, don't focus too much on how much money is going in, that 10% is already the sportsbook's juice. Sometimes we also need to distinguish between a casino and a sportsbook, because some people might get misled and think it's the same as a house edge where we're directly trying to beat the sportsbook.

I mean if everyone's 0.10 has been compiled then it makes so much value for the house and that's what revenue is for them.

And as a general knowledge for the most, whenever we say house it's the casino itself but you're right that there's a difference between trying to win over the bookie and that.

[seikesss]

Yeah, even a tiny 0.10 difference in odds can add up over a lot of bets, so it’s definitely worth checking the numbers instead of just ignoring it.

[Frankolala]

The thing is, even if you bet on compilation of different games, you reduce your chance of winning because more games in a parlay bet reduces the chance and even if you also do that, the small margin of the bookie will still be missing from those odds and like you said, it's business for the bookie and they will always do what will benefit them, so this is understandable for me and I don't usually have problem with it but those gamblers that are serious bettors are the ones that take it more serious, because betting is not just entertainment to them but a means to make money.

Bookmakers will always care about their margins, which increase their cash flow, so it's perfectly normal for them to want to increase them. But I, on the other hand, prefer to look at at least five other bets before placing a bet to find more favorable odds. And if I do this often, I'll save money over the years, and maybe even end up with a profit on my bets. Of course, I'm skeptical, but why not use the options available to us and at least avoid losing money on them, since we have such a hard time earning it at work anyway?

This is what I don't do, to go from one gambling site to the other for a slight difference in odds from various bookies. I prefer to just stick to one casino regardless the odd difference because it's gon be a very small one. The bookies too are into business because if they don't reduct 0.10, they wouldn't make profit.

[Africolo]

I’m sure bettors don’t pay attention to that. Most bettors definitely focus on the odds and the potential amount they can win because they know the casino has to make a profit. I also don’t think that kind of odds is what makes bettors lose in the long run. Bettors mostly lose because of their bets, not because the difference in odds cuts their long-term profits.

I agree with you on this, mostimes bettors don't understand this and they shift their attention on odds and potential wins and forgetting that there are ways bookmarkers has program the odds so it will benefit them and that's why many at times we don't win games because they are created to benefit the casino than the bettors, gamblers are even on a long loosing streak due to the odds they see and got carried away by it and they have to select such games and at the longrun it's not possible for them to win because some odds are just too impossible to win.

It's even better to stick to one casino regardless the odds difference than jumping from one casino to the other just because of the odds and potential wins that is displayed. And above all gambling should be seen as a way of getting entertained because one can't be winning always as expected.

[Alex077]

Did we ever consider that the missing 0.10 in sportsbook odds is what beats us in the long run?

Yeah, those “missing” 0.10 are one of the main reasons why the bookmaker has an advantage in the long run. If each outcome really has a 50% chance, then the fair odds should be 2.00 / 2.00. At odds of 2.00, a $10 bet mathematically returns the same $10 on average.

If a gambler really gets exactly 50% of those bets right, at odds of 2.00 they would roughly break even, while at 1.90 they would gradually lose money.

So in the long run, it’s not only about how well we predict the outcomes. We need to win often enough to overcome the bookmaker’s margin. For example, with constant odds of 1.90, you need to win around 52.63% of your bets just to break even, not 50%. And it’s exactly those few percentage points over a large number of bets that give the bookmaker the advantage.

[Zigabel]

When you are wining, the 0.10 margin is a secure margin for the sports book, it does affects payout probably in an unnoticeable way except for accumulation. The bookies gets the advantage the most when you are loosing but in both ways, they still be at advantage with that slight difference in number. 0.10 may seem like some negligible number until it is accumulated from serval odds, then we will get to see the significance on that number, when it is summed up probably.

Gamblers in a way could get the odds in their favour even with these difference when they are particular about the number of odds they are looking forward to accumulate from a number of picks at a time, the excesses from this accumulations could serve as some extras for them, adding up to their expected wins.

[Achalugo BTC]

Those who bet on sports are mainly busy looking for a good team that is more likely to win. And here they do not pay much attention to the Odd calculation. They make a potential team prediction and place bets based on it. And those who do odd calculation for a match are very expert and professional, they calculate it in such a way that there is no confusion among the gamblers. And as you mentioned, not every match has such odds. Odds are calculated based on which team plays against which team in a match. But no matter how it is calculated, a sportsbook platform must generate a good amount of revenue from it. And that is why there are such small differences.

Most gamblers think is that their choice of odds and teams that determines if they will win their bets or not and this is why, they channel all their energy into picking the games before placing a bet. Alhough, these factors help but honestly luck is the major factor behind every win and so, one should understand that even if they pick their games through odds or teams, there is still a possibility that they will lose their bets because the games are designed to favour the house edge more rather than the bettors and that's why one is to bet with the amount they can lose.

[stadus]

Gamblers in a way could get the odds in their favour even with these difference when they are particular about the number of odds they are looking forward to accumulate from a number of picks at a time, the excesses from this accumulations could serve as some extras for them, adding up to their expected wins.

This I could not understand. When I say odds, I’m referring specifically to 1.90 odds, and that missing 0.10 or roughly 10% is the juice.

So I’m not talking about adding up the odds or anything like that. My point is about how difficult it is to win in the long run when at 1.90 odds, you need around a 52.6% win rate just to break even.

That’s the angle I’m talking about. Even if 52.6% sounds low, maintaining that consistently over many bets is already difficult.

[Versatile_choice]

Most gamblers think is that their choice of odds and teams that determines if they will win their bets or not and this is why, they channel all their energy into picking the games before placing a bet. Alhough, these factors help but honestly luck is the major factor behind every win and so, one should understand that even if they pick their games through odds or teams, there is still a possibility that they will lose their bets because the games are designed to favour the house edge more rather than the bettors and that's why one is to bet with the amount they can lose.

This feeling is very common among gamblers, personally I used to think like that most of the time. And I must say that it works most of the time while sometimes I fail, and you're right luck is the major factor behind every win. However, Even though a gambler is thinking that their choice of odd and teams will determine if they will win they should not forget that luck is also one of the things that determines if they will win or not, because if luck is not by their side there's nothing they can do that will bring wining to them.

[r_victory]

I never stopped to think about it, and I'm not going to start now. I choose a side and place my bet. This happens and will continue to happen, and thinking about it won't change anything. I really don't do calculations before betting, which might be a mistake on my part, but I don't care; I simply place my bet and wait for the result, preferably the one where I win...

[Mayor of ogba]

Whenever I am betting on a game that has 1.90 or 1.49 odds I never thought of the 0.10 because I'm just concern with how I could be able to accumulate games that will just play according to how I predict them, but after reading your post I now understand the bookmarkers are using gamblers to make money and enrich themselves, just as the bank do by deducting small amount of money from it users unnecessarily and they will tell their users the money deducted was for something so that they won't face backlash from it users but in the case of bookmarkers, they didn't need to explain to gamblers where the 0.10 odds goes because they know a lot of gamblers aren't aware they are cutting odds.