What Sport LOOKS Easy to Bet But Destroys Everyone?

[CoachTony_Bets]

UFC is interesting because the favorite wins like 65% of the time, which seems predictable, but the value is never there at -300 or whatever.

 

[SharpEddie47]

Exactly. Favorites hit often but you're risking $300 to win $100. One upset wipes out three wins.

 

[Klaus]

UFC demonstrates importance of price versus probability.

High favorite win rate but negative expected value at offered odds.

 

[DublinDegen]

i bet ufc all the time and lose constantly... something about watching two lads beat the shite out of each other makes me want to bet...

 

[TaffyTipster]

Conor mate that's not a betting strategy.

 

[DublinDegen]

i know... im working on it...

 

[FadeThePublic]

Has anyone made money on NASCAR? That seems impossible.

 

[ParlayPrincess_88]

I didn't even know you could bet NASCAR!

 

[CoachTony_Bets]

You can bet anything. NASCAR, chess, spelling bees.

 

[ParlayPrincess_88]

SPELLING BEES?? That's wild!

 

[oli_sussex]

Obscure markets exist. Liquidity terrible. Avoid unless you're expert.

 

[TaffyTipster]

I bet snooker sometimes.

Actually not bad at it.

Slower pace helps.

 

[SharpEddie47]

Snooker is actually quite bettable if you follow it. Form holds better than most sports.

 

[Klaus]

Snooker interesting case study.

Less variance than many sports. Skill determines outcome more consistently.

Similar to chess in that regard.

 

[FadeThePublic]

Wait people actually bet chess?

 

[oli_sussex]

Yes. Online chess betting exists. Small markets but real.

 

[ParlayPrincess_88]

This is blowing my mind! I thought betting was just like football and basketball!

 

[TaffyTipster]

Princess you sweet summer child.

You can bet on literally anything.

 

[CoachTony_Bets]

I saw odds on congressional elections once. Politics betting is a whole thing.

 

[SharpEddie47]

Politics betting is profitable if you understand polling but highly regulated in the US. Mostly offshore.