Is Low Odds Betting Worth It?
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Low Odds Betting - Can We Expect to Profit?
When we consider low odds betting, we usually think of sports betting, but we really can consider low odds betting as a way of playing in a casino. Let's look at how low odds betting works any why it may or may not be profitable.
When we say "low odds betting", we mean betting usually in the range of 1.01-1.35. These bets seem to work out pretty often, but the winnings are pretty low. Some bettors use these bets as a way of improving a possible win on a regular ticket.
Low Odds Betting = Betting on the Favourite?
Say a 2nd league team clashes with Manchester United. Which team is more motivated? Manchester might be playing for some trophy, but it is usually the other team that wants to shine and defeat the giant at Old Trafford.
Betting on the favourite might not be such a good idea, because their top players might not play at all or might just be unmotivated, while the other team will want to win no matter what.
However, the sportsbooks will definitely put Manchester as the big favourite to win but we must take all things into account before we actually bet.
Yes, Mancherster will win more often, but the odds will usually be something like 1.10 for them to win. This means that in the longrun, they have to win 10 times more often than ending up losing or in a draw. Is that possible? Sure, but we have to really think about it before just betting.
Winning Often on a Slot Machine = Actually Winning?
Low odds betting can be in a way very similar to playing low variance slot machines. Such machines award players with frequent wins, but these wins are quite often even smaller than the initial bet.
However, winning often might seem like the game is actually profitable, when it in fact isn't. Just because you are winning often doesn't mean that it will cover all the expenses.
In order to be a long time profitable player, all bets must have positive expected value, be it betting on the favourite or the outsider.
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