Yes, we have to be careful with the games that we're betting for. Because if you can afford to lose the amount that you are betting for, that's fine if you do it with caution. But not everyone can be on that state as they bet, they're letting their emotions do things on their own. And for those that are continuing to gamble that way, they're dragging themselves to the pit for them to fall and will hardly recover later. It's simple if you've been in the hardest times because you'll be careful with yourself and the bankroll you're setting.
There are at least two types of careless people in this case. Those that can afford to lose the money and dismiss it as not important, when it is important. Also those that get very upset at losing the money, which can trigger them to chase and try to recover it.
Only the greeds that will concentrate on the payout percent and are usually lost out of their minds because they literally don't consider the team strengths neither do they take time analysing the game before taking a final decision.
However, is there constantly a discrepancy between the odds and the probability of a team or player winning? After all, the odds are precisely the gauge of the player or the team's probabilities.
It's not like the odds don't reflect it. It's not like the odds suggest a team is most probably losing yet all analyses and opinions are saying it will most probably win.
The odds themselves are probabilities. They reflect analyses, statistics, strengths and weaknesses, and so on.
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Yes, but the odds can be wrong and they often are wrong. If odds were almost always right, you could get rich by following the odds all the time.