How should I bet – on small odds or to rely on larger odds? This is a question which has been asked since there is betting in the world. Personally, I think it’s much better to bet on lower odds and in the next few minutes I will try to show you why I do believe it.
The first and most important thing that makes me bet on lower odds is the margin of the bookmakers. Everybody knows that the bookmakers’ profit comes from the so-called margin or the difference between the actual probability for an event to happen and what they offer as odds. If you do a simple calculation you can easily see that the margin is significantly greater at the higher odds and relatively less in the lower ones.
The most likely reason for this is that the smaller coefficients allow us easily to spot the deviations. One thing is to bet on a match with odds of 1.8 and another to do it with odds of 1.72. However, if you decide to bet for a win of the underdog it would probably be the same whether the odds are 20 or 21.
Another reason for me to bet more often at lower rates is purely motivational. There is no greater motivator than success and who has made a series of 10 or more unsuccessful bets knows how difficult it is to continue. That’s why I prefer to bet on matches that are with lower odds which ensure higher success rate.
Apart from this, the matches with lower odds give the players higher variability. When betting on higher odds any combination is simply unthinkable. You expect to win just one from 20 bets and this is the best scenario, let alone to combine them somehow. Let’s take for example the exact difference in the matches from NBA. There are really huge odds – bigger than 30, but the success rate doesn’t allow any combinations.
The lower margin, higher success rate and greater opportunities for combination are just some of the reasons that make me play and bet only on matches which are with lower odds. I am sure there are many more, but for me these three are more than enough.