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?
Public perceptions and the media narratives can influence betting odds in ongoing leagues significantly. The teams that are performing well, they usually will attract the media attention. This will in return, increase the betting volume of such matches. The media will usually set the trend and people will bet on the team that is more advertised by the media. This can be manipulated by the bookies as to how they set the odds for such teams.
Not everyone can exploit discrepancies for Value Bets. Still, the insiders at the media outlets will surely have the advantages and they may take bets that have more chances to be successful. This is why it is always said to study the market narratives before betting on any match.
That true but it will never affect the results and also the bookie will only give odds according to what the team has, for example popular team in League will clearly get good chance and the bookie is unlikely to manipulate because it can harm them when the gambler wins.
Bookie is far superior to us gamblers and the bookie is one step ahead so we won't know how the results of match will be even though there are many media that highlight one particular team to be the best.
I personally don't really care about media statements or market narratives on team, the most important thing for me is to be able to see and understand the statistics of each team to determine better predictions, even though the odds are lower but there are many options that can be used to increase the odds and opportunities that the bookie gives us.
Moreover, not all media news and market narratives can really provide statements correctly, we can't rely on all of this because it can set trap for ourselves.