How often do public perceptions and media narratives influence betting odds in ongoing leagues, and how can bettors exploit these discrepancies to find value bets?
Maybe for the fact on how they deliver their reports on current news happening on that possible match up. It can really change the perspective of people and could able to convince to bet on which team those media telling that have a great favor or chance to win.
But most of the time people who knows the team and always watching that sports didn't actually follows the news presented. They usually bet according to what they know and those news just give them some ideas but they still follow their own research for placing bet on the teams they like.
We can't underestimate the influence of the media when it comes to sports bets, they share information and give analysis based on what they know or predict. I think that bettors should take every sporting news and predictions on advisory levels because anything can happen on the field of play. The bookmakers still have the edge over gamblers because they're more experienced than most gamblers. Most times bettors follows media hypes and let it to form their bases for analyzing matches, but in the end luck plays a crucial role in determining the outcome of matches. The media, bookmakers and the gamblers doesn't have influence regarding what really happens in a match, it's the teams chances and abilities that determines outcomes.