Low Wager, Low Risk, Low Reward

[redhack]

Betting consistently at low odds requires serious work. Just a few wrong decisions can wipe out all your money. Low odds don't mean guaranteed wins.
The important thing is not to bet at low odds, but to bet at odds that are higher than they should be. Only this way can you make money in the long run.
Bookmakers calculate these risks and set the odds accordingly. It's not easy to bet against the odds.

[freedomgo]

Betting consistently at low odds requires serious work. Just a few wrong decisions can wipe out all your money. Low odds don't mean guaranteed wins.
The important thing is not to bet at low odds, but to bet at odds that are higher than they should be. Only this way can you make money in the long run.
Bookmakers calculate these risks and set the odds accordingly. It's not easy to bet against the odds.

It’s not worth it. I’ve tried it many times in the past and I failed miserably every single time. Sure, it feels good when you’re on a winning streak, but the moment you start losing and you see your bankroll going down, you get upset and you end up changing your strategy out of frustration.

We’re talking about odds like 1.18 here at most. If an odd with 1.01 can lose, how much more the higher odds? 

The problem is we look at the odds first as if that’s the only thing that matters. We fail to analyze that the return is so undervalued that mathematically we’re still going to lose in the long run. And if we’re not ready to accept that reality, this method will never work for us.

[Raflesia]

I've been in this kind of bet but in the end it's not that challenging for me because even if you win it's like a situation where you don't need to put any extra effort in looking at the stats or even the h2h because you're just looking at a favorite club against a club that's not really looked at much further usually this is for a big club against a small club or a club that's in trouble in terms of performance.

This may be an advantage but at some moments this can make the bets we make disappear just like that when there is a surprise, especially we realize this bet in several matches in major competitions in football, especially the EPL.

[TopT3ns]

I've been in this kind of bet but in the end it's not that challenging for me because even if you win it's like a situation where you don't need to put any extra effort in looking at the stats or even the h2h because you're just looking at a favorite club against a club that's not really looked at much further usually this is for a big club against a small club or a club that's in trouble in terms of performance.

This may be an advantage but at some moments this can make the bets we make disappear just like that when there is a surprise, especially we realize this bet in several matches in major competitions in football, especially the EPL.

The perception that large teams are certain to win places one in a comfort zone which can make one blind. Failure to take important data on team preparedness or the situation of the opponent may lead into surprises and destroy the whole selection in a very brief period. This poses a greater risk when there are several matches placed bets. Our judgement should be based on more realistic things and this way we will ensure the process of selection is just and not overly dependent on the reputation itself.

[TelolettOm]

This is the law:
low capital - low risk - low result
high capital - high risk - high loss

It will all work out the way it's supposed to. Yes, we don't understand what really happens in gambling, but at least we understand how to manage our bankroll so we can be truly adaptable to what we do in gambling.

So we also understand that when we spend a lot of money at once with high bets, we might be able to achieve very high returns, but that also means the risk of losing our money is very high. This is also something we must be wary of and consider carefully before wagering recklessly.

[Jody.Drummer]

I’ve actually tried a similar approach before low odds low returns & small bets basically the safe win strategy  & yes it can work but only if the discipline is really strong but the real challenge starts when that one unexpected loss hits cause the returns are so small it takes a long time to recover & that’s usually when people start increasing their stake just to chase the loss that’s where bankrolls get destroyed. The positive side is true, low odds generally mean lower risk but personally I feel the time and focus required don’t really match the reward unless you have a very large bankroll.

So, ultimately, it all comes down to individual discipline when placing bets. But my personal opinion is that, regardless of whether the bet is high or low, the risk is the same. Even if the bet is low, that doesn't mean the risk is low, the risk of losing is still greater than the chance of winning. However, the rewards are reasonable, as the potential rewards depend on the bets we place. For example, if we place a high bet and luck is on our side at the right time, the winnings will be substantial.

[sunsilk]

Actually, our strategy has never been consistent, it's just that we are often tempted by high odds and want high winnings too.

....
But in the end, when we start to be bored with how it goes with this type of strategy. We're also the one that breaks the rule that we've set for the strategy we chose to do.

The temptation of going with high odds and the thought of winning big on an instant if we win those bets is never gone for every consistent sportsbettor.

That is... emotions and making us feel bored with small victories, while for breaking our own rules this is often done. lol

That's right the temptation of seeing high odds in an interesting match is unbreakable, still want to bet it even though small odds such as 1.19 is much safer... but we always consider it a small return.

We'd feel that we're not content of those small odds and returns and so eventually we turn back to those higher odds that we think we're likely to win.

So, this might be a good strategy in the beginning but in the end, we'll still choose what we think has got a better odds and returns.

Our discipline also makes us choose what might be the better choice even if we are strictly following this kind of strategy.

[maydna]

As @OP says, this strategy needs discipline, high discipline to always stick to his strategy. Not many gamblers can maintain their discipline after betting on some games. His friend was lucky to win 24 games.

But there is no guarantee he can win in the next games. It is difficult to stick to discipline in all betting. There will be temptation to place higher and win big. Besides that, there is a boring time to see that the win is not so big.

[MAAManda]

Is anyone else betting on low odd's games?

I'm one of them, also usually I only use this low odds strategy in sports matches. The reason is that I can be less impulsive, unlike when playing original casino games like Dice. In the original casino game, we can get a lot more spins in a shorter time, but it all ends up being more bad than good. This low odds & low bet strategy is indeed good, but it has 1 obstacle, when we don't get lucky several times, we need more rounds to recover the 1 loss we experienced .

[viljy]

I once followed the same strategy as described by OP. I even won some money last year (well, how did I win - if you count the total for more than a month). In general, the main problem with this strategy is that it's all starting to get annoying. It's too tedious. I don't do that anymore. By the way, the risks are not less in principle. I lost several times in the process, and this greatly reduced the entire previous profit (I even hated Juventus haha). Although to be honest, by the end I was already betting more. In general, this strategy is neither good nor bad, but you need to have a special character and a lot of patience.

I would say that the essential difference lies in volume. With low-risk bets and low returns, you need higher volume to make significant profits. The other side of the coin is variance. With this type of betting, variance tends to be lower, but if you hit a long streak of variance, not only will you get bored quickly, but you will also likely abandon the strategy soon because you cannot understand how you can be losing with such 'easy' bets.

Absolutely right. You have formulated exactly what I had in mind, but, let's say, in a scientific way. Indeed, the low variance does not allow you to win a decent amount (especially with small amounts of bets). On the other hand, losses are quite sensitive for a bankroll. Although this strategy was just invented to minimize losses and "reliably" win. However, it turns out that in practice this is not very effective.

Low odds don’t really make much sense if you are gambling. You lose your initial wager no matter what the odds were so i think it makes more sense to take some risks instead of being a boring gambler.

I mean if you want safe returns, why even gamble?

Go buy an index fund or something. Their annual returns are averaging at 10% or something. I’d rather do that instead of betting on any game with a return below 5%.

I have even seen people making bets on 1% return games where their chances of winning is 95%+ . What the hell? Why even play this?

Well said. Indeed, this is the essence of gambling - neck or nothing. Trying to turn gambling into a source of "guaranteed" income is a futile effort.

[SOKO-DEKE]

Betting on small odds can increase our chances of winning in gambling, especially in sports betting. But the point is that it doesn't mean we are not going to face some losses sometimes, and gambling sports games are unpredictable. So, if we are not lucky enough, we may still not be in profit for a certain period of time.for example, if we experience a few losses  like betting 10 times at odds around 1.18, winning 7 times and losing 3 or 4 it's possible we end up at a loss with this strategy. The profit from 7 wins may not cover the losses from 3 defeats.

It is also possible that someone could lose over a long period of time, but that will depend on luck. And seriously, I have tried this strategy before, and it didn’t work out for me. That is why I always believe that gambling is all about luck, despite strategies that can increase our chances.

[Orpichukwu]

Negatives:
Low return
Balancing a loss takes time because of the low return
Maintaining discipline

Balancing a loss will take time, but it won't be as long as it will take when you are staking with a higher amount, and trying to balance a loss has always been more negative than achieving that positively, so if I can be disciplined enough to maintain that low staking, I won't give the loss balancing any long thought.

[CryptoYar]

Low odds betting plan used by your friend is smart trade off in which he gets high win rate of by aiming for very small profit, but this high winning rate is currently beating math of bookmaker. Biggest problem with this plan is human part, and cost of single loss. One loss of 5 will take 5-6 winning bets to get back, and low profit and slow way of doing things causes boredom and frustration that will immediately ruin plan as he loses control and acts without thinking.  This is try many have made, and only those who are able to treat it like machine, without letting feelings rule them, are able to do well in long run.

[IjawMan]

For non desperate players that are not consumed with the high win spur the low odds wagering strategy will make a perfect betting choice for them. The profits may not be tangible enough but will be more often than losses which can help balance a winning mentality within the player with less frustrations that are known with frequent losses from high odd sizes.

Provided the player can keep to a particular wagering amount and odd size constantly then before they make a loss it will be that the constant profits from the winning streaks would be covering the loss that the player will not feel the exhaustive worries that high odd players go through.

A lot of times players that have taken the low odds path do not do it for long  as they get greedy in-between the way and this destroys all the efforts they began with and which is just what makes some gambling school of thought argues that the strategy is not guaranteed for long term sustainance.

[Fullcoinese]

Is anyone else betting on low odd's games?

I bet quite randomly. When I see an interesting match, like a meeting between big teams, I will place a bet. The odds are sure to be quite balanced, but the risk is also balanced. Sometimes I also bet on low odds, but the small profit is not attractive enough for me. So there is a tendency for me to make parlay bets when I choose several matches with low odds.

[Dr.Bitcoin_Strange]

... could come when you already staked with a huge amount out of the confidence you have on that game but the result will turn bad clearing a whole lot of your bankroll.

I don't know why it often happens that way, like someone is using voodoo or some weird power on someone, remotely. The small wins will trickle in but once bets are increased the luck ceases somehow. I've a friend who believes someone somewhere is monitoring and manipulating his gambling activities because of such outcome. No explanation seems to be okay to make him believe otherwise. To be honest, I used to reason that way too in trading until I realized it was lack of my understanding and skill set which were hugely responsible for my losses.

Yea, some persons normal have thought about their activity in gambling being controlled but that's not actually true, the outcomes are already programmed, the game is by chance, not certainty, once the teams fails to play just as you predicted, the bookie takes your money. It's very interesting that it mostly happen just when you decided to increase your wagering amount. I have experienced it many times too.

[ZeroVinsonN]

Is anyone else betting on low odd's games?

I bet quite randomly. When I see an interesting match, like a meeting between big teams, I will place a bet. The odds are sure to be quite balanced, but the risk is also balanced. Sometimes I also bet on low odds, but the small profit is not attractive enough for me. So there is a tendency for me to make parlay bets when I choose several matches with low odds.

This is actually what most people should do if they want to keep themselves in check, although by randomly I would say to bet on games you actually understand like two big teams meeting eachother on the pitch I can exactly call that kind of a game random, the odds are balanced and you can trust the outcome to an extent, add a few more games with smaller odd to it in order to increase your total payout, the risks aren't that high anymore.

[mak013]

~
Is anyone else betting on low odd's games?

It would be interesting to hear if anyone has been doing this and are successful.

I made such experiment. I bet all events i see with odds less 1.10. It was an experiment, so bet size was always $1(if i remember right, it was few years ago) and bankroll was $50 or $100. As the result i lost all bankroll in two weeks.
My mistake was that i made bets on all events with such odds. It would be better to make some analyze or skip some events, in such way i could get some profit i think. But it was a rule of experiment.

My opinion - it is bad idea. After one lose you need 5-6 wins to return the bet. It is too much as for me.

[Sonia_123]

One of my has started a new strategy of betting on really low odds games. He has the
outlook of aiming for anywhere in the region of a 3% return.

He started 4 days ago and has an overall 96% win rate and 24 wins from 24 wins yesterday,
so overall its working - so far.

He bets low odds, low returns with low wagers - $5 max on odds of no greater than 1.18 . . .
so it takes a lot of time overall.


I explained to him that the biggest enemy of his strategy is himself, anyone doing this would
need to be extremely disciplined, which is very difficult to maintain.

Positives:
Low odds can mean low risk

Negatives:
Low return
Balancing a loss takes time because of the low return
Maintaining discipline


Is anyone else betting on low odd's games?

It would be interesting to hear if anyone has been doing this and are successful.

The risk is very low which is good but the reward is not encouraging and enjoyable when playing, I will prefer betting a bit higher than that, since your friend enjoys it and that is what he wants and he gambles responsibly, I don't think he should be pressured into a bigger stake, because if he starts losing big after accepting your request, you will be blamed for it.

[Apocollapse]

Well I don't see any problem, actually it's good.

If the gambler can only take small risk, then go for it, as long as they stake small, it won't harm their life. However, it would be a problem if they stake big, they wanted to earn money by thinking they will never lose for betting small odds.

Once they lose one bet, they might have no mood or regret for betting that.