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Nairaland Forum / Entertainment / Sports / The Game Of Betting Is Rigged (1579 Views)
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The Game Of Betting Is Rigged by 1144AK(m): 12:03pm On Dec 13, 2023 |
How was your experience like, the point in your sport betting life where you felt football betting might be rigged? When you felt the matches were fixed? Even if the players aren't aware of the arrangements, buh the team management is involved - you can tell from the decision the coach made during the course of the match. Who has noticed this phenomenon please? Is it my conspiracy theory? How can you proof or invalidate my claims, that the game of sport betting might be rigged. |
Re: The Game Of Betting Is Rigged by woginid967: 12:52pm On Dec 13, 2023 |
1144AK: You are right but arbitrage is the best. No risk No loss. Whatsoever Guaranteed wins always |
Re: The Game Of Betting Is Rigged by 1144AK(m): 1:14pm On Dec 13, 2023 |
woginid967:This would only apply to games that have no tie(or draws). And for such kind of games , gain would only be possible if the two odds you are staking on are both above 2.0 odd- if not you stand a chance of loosing. Can you please validate your "no loss" claim? |
Re: The Game Of Betting Is Rigged by woginid967: 3:42pm On Dec 13, 2023 |
1144AK: I have been using arbitrage for 8 years without loss. Any game works. It is basically made by the difference in odds between bookies. Bet9ja will always have slight difference with 88bet and that difference may be 10% profit per game. Daily i get over 70 games across 15 different sports. So there is no loss. .hope you understand. I wont teach it... I am not selling any material. Go to YouTube and research for yourself. Bye 1 Like |
Re: The Game Of Betting Is Rigged by Sapeleboy911(m): 9:56pm On Dec 13, 2023 |
If you say rigged in terms of bookies having an unfair advantage against bettors I will say YES. But if in terms of players, coaches, and management making decisions to favor bookies I will say NO to that. My reasons for saying NO are 1) Bookies like bet365, and bet9ja in the true sense don't know the true outcome of a game that is yet to be played. Although they may have the undue advantage of getting information on team status like injuries, benched players, etc. Before such information will get to the general public. As such they might have adjusted their odds for even greater profit margins. 2)Bookies put a lot of things into consideration before offering an odd on a particular market. They are not in the business of poverty alleviation programs. They have a huge overound in each market. For each bet you place on a soft bookie, they have a high profit margin of about 5-10% greedy Nigeria bookies can go as high as 20%. Whether you win or not, their profit is almost guaranteed. Forget about the team stats and analysis you made before making a bet. Believe me, they made x10 of such analysis before offering you such worthless odds. With that, they are almost guaranteed to WIN in the long run. 3)Although match-fixing still exists it remains a difficult terrain in big leagues. No elite player, coach, or team would want to risk their careers to match-fixing, because the cons far outweigh the pros. With all said and done, can we say bookies know it all or are they unbeatable? The answer is a clear NO. They may make mistakes during odds compilation, have different opinions, slow to react to market movements or team news, and have book balancing issues, so their odds may be way above the average market odds. This is when advantaged bettors like arbers, and value bettors pounce on them. Because WINNERS are not welcome bookies will end up closing or restricting the accounts of such advantage bettors. 2 Likes |
Re: The Game Of Betting Is Rigged by 1144AK(m): 10:24pm On Dec 13, 2023 |
Sapeleboy911:Alright 👍... Arbitrage remains the best, if u can spot such opportunity. |
Re: The Game Of Betting Is Rigged by Sapeleboy911(m): 11:17pm On Dec 13, 2023 |
1144AK:For me, I go with value betting. |
Re: The Game Of Betting Is Rigged by Princewill1(m): 1:28pm On Dec 14, 2023 |
It's not rigged as in a fixed match. But the bookies have edge on bet market pricing. That being said, why many are failing in sports betting and other speculative businesses like Forex is because they lack adequate knowledge of the fundamental nature of sports betting which is "probability and randomness" Can you predict the exact time rain will fall tomorrow? Can you predict the exact time you will fall asleep this night? You may predict the time you will be going to bed but not exact of time of falling asleep. If you can't predict all these, who told you that you can predict the outcome of next Chelsea game? The concept of "probability and randomness" has been studied for centuries, with many different theories emerging from its exploration. Nassim Taleb, a renowned philosopher and mathematician said in his Theory OF Randomness that: "True randomness is impossible to predict or control. In other words, no matter how much data you have or how many calculations you make, there will always be an element of unpredictability in any given situation." The firewall of Sports Betting Market was built with mathematics and you can only break the firewall with mathematics. That's why bookies in Europe are closing accounts of professional punters because these punters are betting with counter mathematical models. What we have in Nigeria are recreational punters claiming to be Pro on Twitter and Telegram. 2 Likes |
Re: The Game Of Betting Is Rigged by DrentD: 10:03pm On Dec 14, 2023 |
Some nigga who got lucky one way or the other knowing about arbitrage betting always feels he is the alpha male in sport betting. Always skeptical to share with fellow folks (I wont teach anyone go and learn from YouTube) I called them fools Well arbitrage is safe probably 99% safe, You only loss a bet if a bet is void on one betting platform which I will say it's rare. Arbitrage is very hard to sport manually no doubt, but there are software out there that provide arbs but it doesn't come very handle "paid" Some soft are free though. Breakingbet.com is the 1 I personally use search for other that suits you Google search about arbitrage Google explains better If you need more explanation quote these write up |
Re: The Game Of Betting Is Rigged by Cheeryfeet: 11:45pm On Dec 14, 2023 |
DrentD:Hi. Thank you for the way you handled this. I. Can't seem to wrap my head around arbs. Let's say I play Arsenal win on bet9ja 1.50 odd vs Brighton. So what do I play it on Betking? If the odds vary ? |
Re: The Game Of Betting Is Rigged by Alvin212(m): 3:43pm On Dec 15, 2023 |
Princewill1: Nice analysis 2 Likes |
Re: The Game Of Betting Is Rigged by Foodhub2023: 6:26pm On Dec 15, 2023 |
DrentD:Pls can you enlight me more i have Google and watch alot on YouTube yet am not clear |
Re: The Game Of Betting Is Rigged by McStoic(m): 7:43pm On Dec 16, 2023 |
DrentD: Wise guy |
Re: The Game Of Betting Is Rigged by McStoic(m): 7:44pm On Dec 16, 2023 |
Experience is key |
Re: The Game Of Betting Is Rigged by 00s1: 2:17am On Dec 17, 2023 |
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Re: The Game Of Betting Is Rigged by DrentD: 4:00pm On Dec 21, 2023 |
Cheeryfeet:How can I write you |
Re: The Game Of Betting Is Rigged by DrentD: 4:00pm On Dec 21, 2023 |
Foodhub2023:How to contact you |
Re: The Game Of Betting Is Rigged by abba190: 10:35pm On Dec 21, 2023 |
know this and have peace the house always win |
Re: The Game Of Betting Is Rigged by Cheeryfeet: 10:53pm On Dec 21, 2023 |
DrentD:reawakeningroup@live.com |
Re: The Game Of Betting Is Rigged by Foodhub2023: 5:48am On Dec 22, 2023 |
DrentD:09072953610 whatsapp |
Re: The Game Of Betting Is Rigged by DrentD: 5:00pm On Dec 23, 2023 |
Cheeryfeet:09134157441 |
Re: The Game Of Betting Is Rigged by princefunm: 2:16pm On Dec 26, 2023 |
Sapeleboy911: You are right in some way. But this is not the big picture. Let me break it down. It doesn't matter the outcome of a match. WIN or LOSE...the bookie is guaranteed not to make a loss. They don't always win. But in a perfect system, they never lose. Perfect system, I say. Sometimes bookies get sloppy and leak out some advantages. But in the grand scheme of things, it only amounts to a chink. Apart from bookies, there are services called exchanges. A very popular type is B>E>T>>FAI>>>R. You see this exchange is the most popular on Earth. Exchanges are about the best places to get the best odds. What bookies do is this: they take the odds offered by exchanges and skew it in their favour. They skew it so much that when a punter places a bet on their platform, all they need do is take a counter bet on the exchange. If the math is correctly done, they hedge off the punter's bet. On top of that, they are scheming off some of the punter's profits. On top of that, they earn commissions on the punters losing bets. So win or lose, there is a profit to be had. In Nigeria, it is so bad, that people are addicted to accumulators like crack. And bookies love this. The more the games that are accumulated the more profits they stand to gain because as you rightly pointed out, it's an overround fest. That's why you see them advertising accumulators like mad. |
Re: The Game Of Betting Is Rigged by Sapeleboy911(m): 7:50pm On Dec 26, 2023 |
princefunm: Don't forget there is 5% - 7% charge for every winning on betfair. And most times liquidity is a major issue in getting your bets matched at your specified odds. |
Re: The Game Of Betting Is Rigged by princefunm: 10:31pm On Dec 26, 2023 |
Sapeleboy911: Liquidity an issue on betfair? You don't know what you're saying. If you mentioned other smaller exchanges like Smarkets and Matchbook, I can understand. But Betfair? In a game like Football? No....I don't agree with you. I disagree with anger. 5%-7% is not a problem. That will already have been factored into overround. |
Re: The Game Of Betting Is Rigged by Sapeleboy911(m): 12:13am On Dec 27, 2023 |
princefunm: Funny you, try checking the liquidity on a game outside the big leagues or weekdays. There are even certain Asian handicap markets that Betfair doesn't offer. As I type this the highest matched bet on Vietnamese league match odd for games that will start in 1 hour 18 minutes is just $456. Take your time and explore better, you will see things for yourself. |
Re: The Game Of Betting Is Rigged by SCOOPERJEF(m): 10:31am On Dec 27, 2023 |
DrentD:plz I need your help to understand arbitrage betting better |
Re: The Game Of Betting Is Rigged by princefunm: 12:16pm On Dec 27, 2023 |
Sapeleboy911: Check again when it's live Looking at a game pre-match and looking at it live are 2 very different things. Also if you can check the ladder, I'm pretty sure you'll find some nice and tidy sum waiting at various points on the ladder to be matched. Liquidity is only a factor for traders like us. How quickly are we able to get in and out? For bookies that's not the goal. It's essentially a hedge for them. A bookie does not need to be matched pre-match. That's the whole point of the overound. If the market goes against them, the hedge kicks in. If it goes in their favour, the hedge stake does not get matched and they win on the takings from the punter based on all overounds. By the way, how are you able to access Betfair? VPN or Broker...or you're in Diaspora |
Re: The Game Of Betting Is Rigged by Sapeleboy911(m): 1:14pm On Dec 27, 2023 |
princefunm: A bookie will only hedge when his books are not balanced on a particular market. It doesn't make sense profitwise in hedging for bookies why should they? For instance, if an exchange like Betfair or a sharp like Pinnacle is offering 2 3 4 for a prematch and a soft bookie is offering 1.50 2.40 3.10 for the same game. In as much as your books are balanced it makes no sense hedging on an exchange as a bookie. Because you will be shredding or even giving up your edge and profits. Bookies like Ladbrokes, StanJames, William Hill, etc., were already functioning before the advent of Betfair as an exchange. So bookies make profits even without betting exchanges. I use a broker to access Betfair. |
Re: The Game Of Betting Is Rigged by princefunm: 3:24pm On Dec 27, 2023 |
Sapeleboy911: What Broker do you use? The one with Asia in its name? I don't know seems Nairaland b.o.t.s. have a problem with that name. I get banned everytime I mention it |
Re: The Game Of Betting Is Rigged by Sapeleboy911(m): 3:52pm On Dec 27, 2023 |
princefunm: Yes, I use bet in Asia. They have a 7-day free trial, after which you will need a minimum of $£€50 on your account to use their service. |
Re: The Game Of Betting Is Rigged by princefunm: 4:24pm On Dec 27, 2023 |
Sapeleboy911: Oh they accept dollars too. Thought it was only pounds or euro Would be nice to have someone who knows his way around. I haven't had the time yet to start using it. |
Re: The Game Of Betting Is Rigged by Sapeleboy911(m): 9:23pm On Dec 27, 2023 |
princefunm: They accept any of the 3 currencies above. Although their bet acceptance speed is somehow slow from my experience. |
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