I have seen most people who pay money for the bet just because someone informed them about the game, I will be like... Wow, why will you bet on a game you have no knowledge about
have seen plenty of this case, its not limited to gambling to, placing future bet on bitcoin is also common to see many people doing that just because their friend told them so even though we all know
we always have this one friend that thinks he know everything about sport, but definitely shouldn't be considered as a source of information on placing bets or position in the case of btc future.
its basically like we are trusting our money to some stranger just because they can multiply it, if we think about it, such an absurd thing so many people won't definitely fall to that trap but with a little abstraction
basically in form of advice like these so many people believing because we are the one that placed the bets.
This is due to the fact that we won't be able to analyze all the games carefully that are in our ticket and won't have the advantage needed to win. So instead, it's recommended that we should value quality over quantity if we want to succeed in sports betting.
Yes, I agree with what you said here. We tend to overanalyze when we bet too much, and with that, we tend to lose if we are not sure about our bet. Also, I just want to add that if we bet too much, then we tend to bet too much money as well. What if those bets lose at the same time? Then you lost a lot of money. So I think betting on fewer picks is much better.
Also, single betting is much better than parlay betting because in a single bet, the chances are 50/50, 50% of winning and 50% of losing. So for me, it is much more advisable to bet fewer single bets. If you can bet one single bet per day, then it is much better because if you win, which is good, but if not, then it is fine because you just bet once a day.
Placing too many bets is not good, apart from reducing the chances of winning, the level of difficulty also varies because we also need to analyze one by one the teams we are betting on. Indeed, the more we choose, the bigger the profit we can get if we can win all the bets, even if we lose 1 it can ruin everything and indeed choosing a lot of bets makes it even more difficult to win, so it's better to choose a few bets that we really believe will win so that you can get the chance to win easily.
its like quality vs quantity, a quality bet will give us best odds of wining as well as making money, in the other hand, many bets placed in such short time basically only relying on quantity while all of them are at best just mid will instead cause us to lose money, so many people seem to not know it, always remember to place bet to something we really know. otherwise dont.