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?
So far, public perception and media narratives have a significant influence on the betting planning that gamblers will make, because the limited information possessed by gamblers forces them to swallow raw information in the media for them to use as a reference, but I think the media also has an important role that may be able to make our chances of winning in betting greater as long as we are selective in choosing information that is indeed a factor that is a good factor influences our bets, so that with the right approach, bettors can take advantage of the difference between media-influenced public perception and reality to find valuable but still critical bets and always do in-depth research before placing a bet.
Well, that's usually the only option the bettors have in terms of getting information around the league to decide what odds to make when betting. However, bookmakers has their own man who's also knowledgeable about what's going on around the league that doesn't only rely on media or any other sports analyst, and that is how the bookmakers come up with the odds they offer to the bettors. Therefore, media narratives and public perceptions doesn't influence much on the bookmakers' end, because they know bettors are also relying to these sources. They tend to make odds always in their favor.