Sports Low risk and high stake

[maxspencer90]

I have friends that really love this option when placing wagers. They select the games that have low odds but with a huge probability of success.

I prefer to go with the games that have a high risk then I wager with a low stake. However in sports betting, you can't strictly stick to one method.

 

[zohan]

I don't normally think about these options (a lot) when placing wagers. I just choose the games with the most popular teams, do a little background check on the players and/or injury list, then select the most probable result.

 

[zephyr 12]

1) Low risk = high probability of a won bet.
2) High risk = low probability of a won bet
3) Low payout = a low risk taken
4) High payout = a high risk taken

I like winning more than losing, so I sit at tables 1 and 3 most of the time. I'm not exciting to watch because if I do walk out a winner at the end of the night, there was nothing flashy about it. Just slow, steady, methodical and boring as heck to the untrained eye.

 

[Wildfire-Pro]

As a fan of the science of gambling, I've come across a concept know as "favourite/longshot bias". This tells us that low priced favourites are often undervalued, and high priced selections are often overvalued.

This means if you are chasing the best in the field, the price currently offered is usually more than it is worth (for example, a $1.50 favourite is probably more likely to be a $1.20 chance, while a $20 selection is more likely to be a $35 chance).

This being said, it makes sense to be a favourite bettor.

 

[lordcole]

It would be interesting to go through all that's entailed in the science of gambling. I agree with you @Wildfire-Pro in as far as the longshot bias is concerned. It makes sense now, considering the amount of time I have spent in sports betting.

 

[Wildfire-Pro]

It would be interesting to go through all that's entailed in the science of gambling. I agree with you @Wildfire-Pro in as far as the longshot bias is concerned. It makes sense now, considering the amount of time I have spent in sports betting.

Yes @lordcole it's been an interest of mine for a lot of years now. I have studied it and learnt a thing or two. I have a 10 part series on youtube called "the secrets of professional gamblers" if you are interested. As a recent first try at video it has poor production values unfortunately, but the info is pretty good