iamsheikhadil Posted October 12, 2019 #1 Posted October 12, 2019 I was curious about how professional sports gamblers play. It's essential that there's a difference between traditional gambling and sports gambling. Traditional gambling is all luck whereas sports gambling is analysis of game. Or is it not? Does luck play a huge factor on sports? For skill based games like football (soccer) as well? How to win on them professionally?
zulfandina Posted October 12, 2019 #2 Posted October 12, 2019 I myself don't really like sports matches, how can I compete in sports betting? I did hear a lot about betting in sports, especially horse racing and soccer, but I only briefly heard them talking about it and I immediately passed before them, because I was not at all interested in sports betting.
Xylber Posted October 12, 2019 #3 Posted October 12, 2019 Everything is analized statistically, using Poisson formula, or a variation of it (https://www.sportsbettingdime.com/guides/strategy/poisson-distribution/) Each house use their own "secret formula" to came up with the payments of each bet. The secret is to find those bets where the house missjudged the possible outcome of the game. A pro bettor is expected to get something between 1 to 3% of edge over a house, even more if he has "inside" info of the match. Otherwise, if you play by heart, house edge could be super high, from 10 to 30%. Long ago I used to bet on bet365 and bwin (not legal anymore in my city), and I had my own poisson formula. I will share some forecast when Stake adds the sport bets.
Jeazelle Posted October 12, 2019 #4 Posted October 12, 2019 I've never try sports betting and I don't know how to play it but soon sports betting will release on stake I will study it and try to understand and make some bets Maybe next month it will be launch on stake.
wiro212sableng Posted October 12, 2019 #5 Posted October 12, 2019 4 hours ago, iamsheikhadil said: I was curious about how professional sports gamblers play. It's essential that there's a difference between traditional gambling and sports gambling. Traditional gambling is all luck whereas sports gambling is analysis of game. Or is it not? Does luck play a huge factor on sports? For skill based games like football (soccer) as well? How to win on them professionally? Luck is a main of gambling. You needed that for doing everything gamble section. Strategy is needed but result will be good if do gamble with good feelings and luck as well.
iamsheikhadil Posted October 12, 2019 Author #6 Posted October 12, 2019 30 minutes ago, Xylber said: Everything is analized statistically, using Poisson formula, or a variation of it (https://www.sportsbettingdime.com/guides/strategy/poisson-distribution/) Each house use their own "secret formula" to came up with the payments of each bet. The secret is to find those bets where the house missjudged the possible outcome of the game. A pro bettor is expected to get something between 1 to 3% of edge over a house, even more if he has "inside" info of the match. Otherwise, if you play by heart, house edge could be super high, from 10 to 30%. Long ago I used to bet on bet365 and bwin (not legal anymore in my city), and I had my own poisson formula. I will share some forecast when Stake adds the sport bets. That sounds so cool and interesting. I'm craving for stake sportsbook soon and to know your formula. I kind of wonder how house edge in sports betting work though. Unless its purely luck, sports betting should have a house edge against the casino rather on us
davinmark Posted October 12, 2019 #7 Posted October 12, 2019 For me i think to be profitable in sports betting you must know the team as well, and also you learn how they play before the matches. i know i think no one can be win 100% but at least if you learn from their statistic it would give you a chance to choose a good team for your bets
cryptonesiac Posted October 12, 2019 #8 Posted October 12, 2019 I sometimes use arbitrage betting... I try to find games where I definitely win (yet sometimes only a few satoshis) If anyone wants some more tips, send me a PM happy to share my strategy
Mahdirakib87 Posted October 12, 2019 #9 Posted October 12, 2019 For playing sportsbetting you need proper knowledge about the game. And you should have knowledge about each team, player. It will help you to choose the winner easily. But all time prediction doesn't works well. Miracle happens in sports game. So we need luck too.
iamsheikhadil Posted October 12, 2019 Author #10 Posted October 12, 2019 3 hours ago, davinmark said: For me i think to be profitable in sports betting you must know the team as well, and also you learn how they play before the matches. i know i think no one can be win 100% but at least if you learn from their statistic it would give you a chance to choose a good team for your bets I agree. There are many who gamble on sports by picking on any games and picking up low odds and many of them become successful as well lmao. But I think that's a bad strategy as even teams with low odds can win as sports can have twist even at the last moment!
cukup2 Posted October 12, 2019 #11 Posted October 12, 2019 I think that most of our sports gambling relies on analysis, but all analysis can also be broken when we are in a lucky state like a soccer match when Manchester City confronts the lower-tier teams and even loses.
Tanjiro2019 Posted October 12, 2019 #12 Posted October 12, 2019 I think it's depend in how you bet in sport betting some people guys keep on going for the big odds and some just go for small and steady.
sheenazbay Posted October 13, 2019 #13 Posted October 13, 2019 if playing in sports gambling, of course we must understand the sport we follow deeply. It's not just about the soccer team that has won their last six matches, but how well they have played offensively and defensively. Are they good at ball or are they just lucky? The golfer might win two titles this season, but how much experience does he have on this golf course? This is the type of detailed information that will affect the outcome of your bets and will help you to find value in the market.
Aiza824 Posted October 13, 2019 #15 Posted October 13, 2019 It is more about researching who are the participants at a certain degree plus luck. Of course, anything can happen within a game you bet like your team's star player gets injured, etc. but it is always good to know who are those people that will hold the fate of your money.
Vusal Posted October 13, 2019 #16 Posted October 13, 2019 To win on bets, you need to know in advance the teams that will play among themselves. Analyze which players will play, before these teams played or not, especially in football. Read expert articles about the upcoming match.
Neox1337 Posted October 13, 2019 #17 Posted October 13, 2019 U can buy predictions on sports at shops of good analyzators
wiro212sableng Posted October 13, 2019 #18 Posted October 13, 2019 On 10/12/2019 at 10:45 AM, iamsheikhadil said: I was curious about how professional sports gamblers play. It's essential that there's a difference between traditional gambling and sports gambling. Traditional gambling is all luck whereas sports gambling is analysis of game. Or is it not? Does luck play a huge factor on sports? For skill based games like football (soccer) as well? How to win on them professionally? Same as your said above sportsbook have analysis before betting, head to head stats, formation or line up before match played as well. There is professional gamble work and their have instuition for choose a team for betting. That is based from their experience. More time you spend for sportsbook will built your "feeling". ;)
iamsheikhadil Posted October 13, 2019 Author #19 Posted October 13, 2019 1 minute ago, wiro212sableng said: Same as your said above sportsbook have analysis before betting, head to head stats, formation or line up before match played as well. There is professional gamble work and their have instuition for choose a team for betting. That is based from their experience. More time you spend for sportsbook will built your "feeling". One main difference between them is in trading if you lose, you only lose a part of the amount, while in sports betting, one twist can turn the game upside down and lose all funds lmao so rrisk there!
wyj1306 Posted October 14, 2019 #20 Posted October 14, 2019 On 10/12/2019 at 12:45 AM, iamsheikhadil said: I was curious about how professional sports gamblers play. It's essential that there's a difference between traditional gambling and sports gambling. Traditional gambling is all luck whereas sports gambling is analysis of game. Or is it not? Does luck play a huge factor on sports? For skill based games like football (soccer) as well? How to win on them professionally? I think luck in sports is not so necessary but the performance of the professional, so sports betting is not so much about luck but much analysis.
Thepug Posted October 16, 2019 #21 Posted October 16, 2019 I know many people that have specialised in E-sports betting and they have made a significant amount of money out of it. It is gambling at the end of the day, so no matter how skilled you are with predicting, it is most likely that you won't be in significant profit at the end of the day.
Xylber Posted October 25, 2019 #22 Posted October 25, 2019 On 10/12/2019 at 5:11 AM, iamsheikhadil said: That sounds so cool and interesting. I'm craving for stake sportsbook soon and to know your formula. I kind of wonder how house edge in sports betting work though. Unless its purely luck, sports betting should have a house edge against the casino rather on us I'm super hyped about the sport bets on Stake, I hope to have it before the end of the year. About the house edge, let's check an example: https://sports.bwin.com/es/sports#leagueIds=24719&sportId=4 There you have a balanced game where both team are equally powerful, team "Independiente" vs team "Lanus" The possible outcomes are 3: Independiente wins, Draw, Lanus wins. A bet without any house edge must be paying 3, 3, 3 (if the team where equally strong), but Bwin is paying 2.55 , 2.8 , 2.8 The real house edge is impossible to calculate because you must know for sure the real chances of winning (nobody knows it), but mathematically you can see that betting 1 dollar to each possible outcome and winning them all will give you 8.15, instead of 9, a possible 10% house edge. This 10% is not only the house edge, it is used by the company to protect them from the missjudgements they made, so it end up to be more or less than that, depending on where the bettors bet. And last, this 10% doesn't means each bet has equally 10% of house edge each one, it is the average of all of them.
Vusal Posted October 25, 2019 #23 Posted October 25, 2019 To be profitable, you need to know the playing teams well. Analyze comprehensively. One must be an expert in this sport. Then you can start betting games. Otherwise, you will lose your capital.
zulfandina Posted October 26, 2019 #24 Posted October 26, 2019 On 10/12/2019 at 8:24 PM, cukup2 said: I think that most of our sports gambling relies on analysis, but all analysis can also be broken when we are in a lucky state like a soccer match when Manchester City confronts the lower-tier teams and even loses. I think this is all just their prediction about the victory that will be staked by two camps in the match. the rest only returns to luck. because I think victory doesn't always side with the winning streak. new players could excel and shot like a bullet straight to the final and won with a dazzling victory.
niki014 Posted October 27, 2019 #25 Posted October 27, 2019 i dont like sports so i dont bet on sports 1 cuz its to long to watch and it is boring ( for me ) and 2 payouts are way to low and as i said sports take mins or hours for result while keno takes 1 sec but my best guess on how to iwn in sports is if you rly know your game and teams and everything i would say 10$ start and go for 10-15 wins go all in if you rly know what u are doing then it shouldnt be as hard
Featured Comment
Archived
This topic is now archived and is closed to further replies.