Post
Topic
Board Gambling discussion
Re: Making too many picks reduces chances of winning.
by
magneto
on 03/02/2024, 22:09:13 UTC
As gamblers, we love more action, so we tend to make more bets on a regular basis. However, experts say that when we make too many picks regularly, our chances of winning decrease. This is due to the fact that we won't be able to analyze all the games carefully that are in our ticket and won't have the advantage needed to win. So instead, it's recommended that we should value quality over quantity if we want to succeed in sports betting.

Share your opinion regarding this matter.



Edit : I see that some replies are talking about parlay. FYI, this is not about parlay, it's about making many single picks on a regular basis. Please avoid using parlay when sharing your opinion.

I wouldn't say that is the case if you are picking your bets with +EV. In that case, the more bets that you put on, the more you expect to make in the long run.

It is only when each extra bet reduces the marginal quality of the bet that this becomes a problem.

I agree though, I see far too many people fall into this trap when it comes to sportsbetting. They seem to think that they have an edge over the bookmakers when they really don't - and they overbet in -EV propositions and lose out in the long term. I think Warren Buffett once said that if everyone was only allowed to invest in 5 stocks in their lifetime, they would do extremely well. Some degree of discipline is also required in sportsbetting/gambling when you have an edge.