Have yall tried other bookies via VPN such as bet365, fanduel? The odds at SG pools are fucking atrocious.
TLDR: Only one government-regulated bookie is legal, and the odds are shit, looking for alternatives
I would advise to stay within the confines of the law, to avoid getting into any sort of trouble such as not able to transfer your winnings back to your bank account in SG, or get into trouble with the law.
It is not worth it to get into trouble with the law over that petty .20 difference in the odds. You may think that you are losing out big time with the .20 lower odds, but this is gambling, where winning is not guaranteed, and therefore having that extra .20 in the odds does not guarantee you will profit long term.
I will suggest that you spend more time honing your bankroll management skills and increasing your bet accuracy is more important than spending the time scouring the web for solutions to gain that extra .20.
If you can increase your accuracy to almost 100%, even if the odds is $1.01, over the course of numerous bets and compounding your profits, you can become a millionaire
I’m pretty sure VPN would not be enough though, you need to verify your account on those bookies, and that means ID Card, proof of residence, etc… Maybe there are brokers for your country, I know we have some for France, but I don’t know about Singapour
if anyone’s int i got a site that u can use that provide better odds
I think your best options are crypto bookies that allow VPN like stake
Im not sure if betonline/sportsbetting.ag allows vpn
Tend to agree. If I was in the unfortunate position of having to use a government bookie I think I’d just bite the bullet and use them rather than risk using an overseas one if it was illegal. Cba risking a fine or prison for better odds on bets I’m not even guaranteed to win
You may think that you are losing out big time with the .20 lower odds, but this is gambling, where winning is not guaranteed, and therefore having that extra .20 in the odds does not guarantee you will profit long term.
You are losing big time. Those kind of margins are impossible to beat on any kind of market with any liquidity, so it guarantees you will not profit long-term.
I will suggest that you spend more time honing your bankroll management skills and increasing your bet accuracy is more important than spending the time scouring the web for solutions to gain that extra .20.
Having bankroll management without an edge, is like being a coast guard in Mongolia.
If you think a fine or perhaps a jail term and a criminal record that will follow you for the rest of your life that can perhaps impact your future, for some returns that is not even 50% guaranteed is worth that 0.2 extra in the odds, is worth risking for, you may go ahead with it as it concerns your life, not mine.
Positive EV is no doubt important, but a positive EV that loses more than wins is still pointless. Do you expect to profit in the long teem if your average winning percentage is below 30%? No positive EV can save you from making a net loss bro. That is why my emphasis on betting accuracy and bankroll management. Positive EV is just noise in the grand scheme of trying to profit from sports betting
Edit: Positive EV is not the be-all-end-all strategy that makes you profit. That is why if arbitrage is available, bettors will go for arbitrage because it is guaranteed profit. This also highlights the importance of bet accuracy if arbitrage is not available.
How are you going to handle losing streaks if you do not have a robust bankroll management strategy? Bankroll management is the basics that you have to learn, to be successful in sports betting in the long run.
“Well this shows you do not understand expected value at all and ot makes no sense whatsoever. If you have positive EV you will win long-term. How long that long-term is, that’s another question. This is math and should be very obvious.”
I do understand expected value just fine. To prove to you i do understand expected value let me show an example: Weekend match between Liverpool vs Manchester United, odds are $1.36 for Liverpool Win, $5.90 for Draw and $7.94 for Manchester United Win. Bet amount at $100
Formula for calculating expected value:
(Amount won per bet * probability of winning) – (Amount lost per bet * probability of losing)
Calculations for Liverpool Win:
[(100 * 1.36 - 100) * (1 / 1.36)] - [100 * (1 / 5.9 + 1 / 7.94)]
[36 * 0.73] - [100 * (0.17+0.13)]
26.28-[100 * 0.3]
= -3.72
Calculations for Draw:
[490 * 0.17] - [100 * 0.86]
83.3 - 86
= -2.4
Calculations for Manchester United Win:
[694 * 0.13] - [100 * 0.9]
90.22 - 90
= 0.22
Now the result ended in draw. I am not saying positive ev will always lose, but have you tabulated the probability of positive ev winning?
How frequently are you monitoring the odds?
My point is the odds are set by betting companies, and the odds are always in their favour. Betting companies also know about positive ev, what makes you think that they do not set the trap using the odds to bait majority bettors? And to prove my point, I did win the bet on both teams to draw. Why I bet on draw? It is because I did my research to find ways to improve my betting accuracy so that I can sustain a high enough probability of betting accuracy to make me profitable in the long run.
Edit: Sorry for being a noob at not knowing how to attach image for my proof that I did win the bet. But since I am not able to show my proof, you are free to not believe my claim
If you think a fine or perhaps a jail term and a criminal record that will follow you for the rest of your life that can perhaps impact your future, for some returns that is not even 50% guaranteed is worth that 0.2 extra in the odds, is worth risking for, you may go ahead with it as it concerns your life, not mine.
Did not say that at any point. At that point it’s better to just not bet. Which is an option as well.
Positive EV is no doubt important, but a positive EV that loses more than wins is still pointless. Do you expect to profit in the long teem if your average winning percentage is below 30%? No positive EV can save you from making a net loss bro. That is why my emphasis on betting accuracy and bankroll management. Positive EV is just noise in the grand scheme of trying to profit from sports betting
Well this shows you do not understand expected value at all and ot makes no sense whatsoever. If you have positive EV you will win long-term. How long that long-term is, that’s another question. This is math and should be very obvious.
Edit: Positive EV is not the be-all-end-all strategy that makes you profit. That is why if arbitrage is available, bettors will go for arbitrage because it is guaranteed profit. This also highlights the importance of bet accuracy if arbitrage is not available.
You can’t arbitrage when there’s no value in a monopoly situation. That’s pretty obvious. You might think bet accuracy is a thing, but it’s not. You can’t increase your number of bets won beyond the expected value. This is basic math.
Bankroll management is of course important, I’ve not said otherwise. But good bankroll management can’t make you profitable if you have no expected value. It can just slow the decline.
If I gave you 1.80 odds on each side of a coin flip, and you split your bankroll into 100 units, you will on average lose your bankroll quicker than someone who splits it into 1000 units, but it won’t make you any more or less profitable.
Good bankroll management can make you profitable, just that it does it indirectly and majority bettor do not realize it. If chasing +EV is your Yang, then bankroll management is the Yin (I am using Taoism philosophy to decribe their relationship of direct and indirect) The splitting of bankroll into units is the textbook knowledge and I have evolved it further.
I do not agree with you that splitting the bankroll into 1000 units tend to lose quicker. This is psychological. Let me perhaps explain to you why it is so. Assuming you have $1000 vs if you have $100 in your wallet now, tendency is if you have $1000 you will not be as prudent and careful with how you spend the money compared to if you have $100. That is how a 1000 unit will probably lose faster than a 100 unit. This is also what happens to majority bettors here. But… if the person sets aside a 100 unit bankroll and a 1000 unit bankroll, and use them to bet on the same outcome of the same matches, using 1 unit per bet, then yes, the 100 unit may lose faster than the 1000 unit.
Why i said bankroll management is the Yin part of the overall equation is because if you know how to manage it, you will not ever run out of bankroll (in theory) and never running out of bank roll means you have a chance of making a comeback from your losses, and perhaps make a profit, provided you learn from past betting mistakes. The current textbook way of splitting bankroll is flawed because you will still run out of bank roll when the number of units hit 0
Do note that I am in no way encouraging chasing of losses. What’s lost is lost, water under the bridge, the important thing is learn from it and make better bets next time