Sportsbetting vs. Gambling

[missfox]

What is the difference between sportsbetting and gambling, is there more of a chance of winning in sports betting, or do you think it is just as unpredictable?

[Etude]

Pretty sure sportsbetting and gambling is the same in technicality because to place a bet (in sports) is gambling in itself.

 

[remember]

On 31/10/2017 at 7:58 AM, missfox said:

What is the difference between sportsbetting and gambling, is there more of a chance of winning in sports betting, or do you think it is just as unpredictable?

 

sportsbetting Depends on the game and they can sell degrees.  gambling Depends on luck and intelligence

[GodLoft]

Sport-betting winning chance = 60%

Gambling winning chance = 1% (The Longer You Play, The More You Lose)

[btcfaucetuser@h]

In sports betting, you can analyse the event before you are betting but in general gambling games, you can't analyse as the winning chance is due to probability.

[suresh]

Gambling depends upon the time, luck but sports betting has more chances to win the game. if you know about sports or sports players then you will be making good amount of money.

[MakeMoney]

Sportsbetting have a higher probability of winning the bet because before making a bet on something you have an idea about how the teams play. If you have some inspiration the profit could be huge.

In gambling you cant apply any strategy and it is only about luck

[Mateusz]

No difference, it is gambling, many matches are set up.

If sportsbetting wasn't gambling then there would be people that can win more than 50% of 2x payout matches and they would only crashing the owner's business

[wilbur]

sportsbetting is gambling

gambling can be sportsbetting

as long as you are risking something the  that is gambling as far as i know

[wilbur]

Just now, Vladv26 said:

What you said is not 100% true. 

In sportsbetting you can study the matches before and make an opinion about who is going to win. For example if barcelona is playing with a weak team it is obviously that you are going to bet on barcelona because the odds are in its favour. Making profit with sports betting is a lot easier than with gambling. 

uhmm so sportsbetting isnt a gamble

wait lemme check what is the meaning of gamble

an act of gambling; an enterprise undertaken or attempted with a risk of loss and a chance of profit or success. source:https://www.google.com.ph/search?q=gamble+meaning&oq=gamble+meaning&aqs=chrome..69i57j0l3j69i60l2.5240j0j4&client=ms-android-lgu-kr&sourceid=chrome-mobile&ie=UTF-8

 

so you're example is "obviously you are betting for Barcelona" because they're playing with the weak team right?

arent you risking your money for the chance of getting a profit?

is it a 100 percent sure win that barcelona will win? if yes then you're right it's not gambling at all maybe you can call it business

they will not open a sportsbetting site if surely they will incur loss

[wilbur]

3 minutes ago, Vladv26 said:

I didnt said sportsbetting isnt a, gambling. Of course it is a gambling because you cant be 100% that you are going to win. But in sport betting you have a bigget chance of winning than in normal gambling because as I said you can make an opinion before betting on a team while in gambling you just make a bet and hope you are going to be lucky and win.

A lot of people live from sport betting because they have a monthly income out of this while from gambling I dont think there are many people who live from this.

well people do make a living through gambling. math genius for example have seen many documents about it

i just said it coz it seems like your telling me that sportsbetting isnt gambling 

anyways i wont argue anymore thank you

 

[Xylber]

I used to bet proffesionally on football, 6 hours a day, 20 different matches with 2 to 4 bets on each, during 5 months. It was when I quit my office job 5 years ago. And I learned a lot of things:

- All matches has a "determination", calculated primary by the last results.
- Betting websites knows it, the prizes are calculated by different maths formulas, and adjust each prize according to their formula. It is not about how many people are betting, as commonly believed.
- It means that, if a strong team face a weak team, and all people bet for the weak team and none for the strong; then the betting website still will give a bigger prize if the weak teams win. The popularity of the bet has no effect on the prize when it is published (obviously, nobody already bet on it), and when people start to bet, it has low/mid effect on the prize. Example of both is next:

That is BET365. In the match below (Tampico vs. Celaya), they pay 3 to Home+2.6 to Tie+2.75 to Away, it is a house edge of 8%; they match already has 30 minutes, and probably both teams are strong/popular.

In the match above (Independiente vs. Gimnasia de la Plata) they pay 2.87 Home+1.72 Tie+7Away, house edge is -10% (yes, they are paying more). Paying 7 to Gimnasia to win means the probability must be 14% to be fair (less means House Edge, more means Player Edge), but I'm sure (I did not make calculations for this match) that it has Player edge on that bet, and Gimnasia has more than 14% chances of scoring a goal; it is just and unpopular bet, and that is why they pay more to it. BTW, I live in Argentina, and I know both teams, Independiente is a strong team called "The King of Cups" and "One of the 5 Greatest".

 

- You have two ways to profit: Find those bet where they are overpaying (normally betting to underdog, but not always the case), and more secure is betting on matches where you think they made bad interpretation of probabilities, this is the most solid method. For this last method to work, YOU must have a way to calculate the matches results: how many goals, how many time, probability of win/tie/loss, etc, Each bettor (and each betting website) use their own formulas.

- Last part. My return on bets was something like 2 to 5% per cent. Some bettors with more internal knowledge (players, injuries, referee team's preference) and bigger bank accounts to backup can make something between 8 to 12%. Some bettors get banned from betting websites, or invited to join them if they feel they are calculating better than them the outcomes of the matches.

- Betting in the second part of the year is easier, because you already see how the teams perform. In vacations is harder because teams get new players, and use alternate lineups. But no problem, betting websites also have that problem, they fix it making house edge bigger.

 

I will try to make some analysis of some matchs to predict the outcome some day soon. If you have any question and I can help you to break your bank account and cryptos betting, let me know. 

[hamur]

worst part of sportsbetting it has no provably fair and you will never know whats going on behind the scenes if match realy fair or predetermined to scam others