Quote from: PawGo on October 21, 2022, 09:45:23 AM

Quote from: swogerino on October 21, 2022, 09:20:22 AM

So when the odd is 1.12 it means a huge amount of money has been put on that certain event by Parimutuel Betting because in normal betting where the odds are determined by the house it means that this is the most likely result to come true or like the gamblers say is the favorite of the event.

Not "huge amount of money" but much more than for other possibilities. Which makes betting interesting, as on freebitco you may have odds completely different than in case of "centralized" companies. Which means, that you may still bet on two different possibilities and have profit - if the difference is big enough.
Which brings question if betting is completely out of control or if there is any arbitrage...

From observations after making several bets here, it's actually almost the same if we bet on regular sportsbooks, namely betting on weak athletes or teams which is more profitable.
It's true that in freebitcoin we can bet on all available options on one bet but in my experience that way it's not profitable at all.
I remember only betting on the women's section from Wimbledon tournament this year which profitable, the rest only BEP or even though I won the bet but didn't give a profit.
So if want to bet here bet on a match that we are pretty sure who will win like today's match between Nottingham vs Liverpool, betting on Liverpool is likely to provide certainty of profit even though it is not big.