Quote from: Agbamoni on Today at 05:21:23 AM

Quote from: peter0425 on Today at 03:18:52 AM

Do you allow yourself to bet on ridiculous things?

Like in sports betting, do you sometimes just bet on an option that has very low chances of actually happening but seems fun to bet on at the time? Some people might do it for fun but what would be amazing is if it actually happened and you won.

On what basis do you clarify that those options have lower chances of happening?
The unimaginable happens in sports games when you least expect it, weird events occur often too. Since we dont know what is yet to happen we are now allowed to call them ridiculous things.

Based on the probabilities, just watch a football match for example, you have team A with odds of @1.10 and team B with odds of @20.00, you can easily see that team A has a much greater chance of beating team B. If you are betting on the underdogs with odds of @10.00 you will see that you will miss many games without getting it right, while when you bet on the favorite teams with odds of @1.10 you will see that you will have many hits, but the problem with this is that in the long run you will not make a profit.