Each bettor usually has its method, and as long as it offers profits, it is impossible to determine whether it is right or wrong. However, you can not consider a valid strategy that generates losses. Therefore, one of the big questions in the sports betting business is the best way to obtain gains. In the midst of this, a determining factor is the type of odds chosen to work.
Some bettors like to work with very low odds. After all, they theoretically involve the events with a greater chance of happening. However, they also offer a much lower profit. At the same time, some prefer the high quotes, which are more challenging to get right but yield more significant gains. Is one of these more right than the other? That is what we will discuss in this article!
Are very low odds, in the long run, worth it?
When someone starts betting with some prior knowledge in football, for example, he may imagine it is simple to profit. After all, so many teams stand out and win most of the games that the margin for error should be minimal. However, we all know well that this is where the primary function of odds comes in. In other words, those teams that frequently win hardly ever have a high-value quote.
Despite this, many still think that this is the best method to profit, and even with very low odds, they prefer to invest in these options. There is not exactly a mistake in this. After all, lower quotes are more likely to work out. However, some other problems arise because of this. The main one is that it is necessary for much greater accuracy since if there is a wrong choice to be compensated, it will take many other corrections.
We repeat that it is not necessarily a mistake to have this strategy. However, for it to be valid, it will require a much greater effort. That is, it is more difficult to obtain long-term profit with very low odds.
And the opposite way around, high odds, is it more advantageous?
If the very low odds are not so advantageous, what is the scenario regarding the high odds? Although at first, it may seem the opposite, both options are not significantly different. And it is simple to note that. Very high odds do bring a much higher profit when the bet is won, but the size of the risk makes a choice not worth it. The chances that you will have a significantly higher number of losses about the gains are significant.
In other words, the gains you will have from the very high odds will almost always be used to offset the various losses you will have along the way. Besides, another factor is crucial for this system to fail. Bookmakers usually keep an eye out for players who frequently win with high quotes. So, you may be limited if you start making profits with this method. It is worth paying attention to this issue with very low odds because the companies can also observe this.
Balance is the keyword when it comes to odds.
If it is not worth working with very low odds, nor with high quotes, what is the best solution? Balance bet! We have already spoken in several articles here in Betarena that the best way to profit from sports betting is to focus on the long term. One of the main ways to do this is to invest in odds that have value and yet, do not offer significant risks.
One of the main methods of doing this is to follow an average in the odds chosen. Odds between 1.75 and 2.25, for example, usually offer a good way forward. It is generally possible to find value in these options, and the risk, which always exists in betting, is offset by the return. You, the bettor, can see how all this works in practice with some simulations!
Choose very low odds, other high ones that we have just mentioned, more balanced, in a bookmaker such as Bovada. Put in a spreadsheet and see the results after a few days. It will be clear how the middle ground between return and risk is the best option.
The main one is that it requires much higher accuracy since if there is a wrong choice, it will need many other hits to compensate. In other words, it is more challenging to make a profit in the long term.
Although at first glance it may seem the opposite, both options are not significantly different. Very high odds do bring a much higher profit when the bet is won, but the size of the risk makes a choice not worth it.
Bookmakers tend to keep an eye out for players who frequently win at high odds. So you may be limited if you start making profits with this method.
One of the primary methods for this is to follow an average in the odds chosen. Odds between 1.75 and 2.25, for example, usually offer a good way forward.
You can choose very low odds, other high odds, and more balanced odds at a bookmaker such as Bet365. Please put it in a spreadsheet and see the results after a few days.