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There is no one way one can change their odds; it differs for every platform, as in, Bitcoin slots players might not be as fortunate as the traditional gamblers. But there is no assurance that your bet will match. So, for you to add more favourable odds, more odds than the marker could afford might increase your chances of getting a matching odd. Nevertheless, it is still very possible to change your odds, whether it is available or not.
The odd setting is also very peculiar with horse racing, unlike in Bitcoin slots games; fans tend to increase the odds of that horse they feel will outrun others to make a bigger profit. Since there is no one way of setting a personal odd, we will explain the method using most steps obtainable from a popular betting platform. But first, let's look at why people choose to pick their odds instead of going for the default ones. Some of these reasons include:
Reasons why people prefer to choose their odds over the default ones
1. Everybody Wants Something Better
Who wouldn't want bigger and better odds? If you wish, you can experiment on this, place a bettor alongside small or moderate odds, and you will notice that bettors will always rush to go for the bigger odds. Bigger odds are no brainer; the profits are far better when you win, even when you stake on Bitcoin slots.
2. It Comes with an Advanced Inplay Betting
If you are a fan of in-play bets, you must be familiar with the "odd delay" strategy. As in, you wait for the odds to get to a certain level before you place a bet. Let's cite an example, maybe you have seen the highest-scoring article, and the team you happen to support hasn't scored even till the second half. So, for an average person wishing to add his odds, instead of sitting back hoping that the odds will increase eventually, the best thing to do at that point is to place an order for your desired odds, then wait for the bet to be matched.
3. More Advanced Pay Out
Those who wish to cash out immediately reach a certain cash-out point always want to set their own odds. This can actually be advantageous, especially if you know that your stake will be resulting in many late goals. Let's take for example, a bettor that placed a bet in over 2.5, then watch the odds begin to show up while still hoping that an early goal doesn't happen. When it returns to the later 2.5, the bettor is eligible to bank in more profit.
4. An Anticipated Change in ante-post Markets
Unlike in Bitcoin slots, setting your odds can make you bank more profit than if youâd follow the already existing ones. Let's assume that you are too good at sports knowledge, and you are certain that a particular player won't be participating in a particular match. It is expected that the odds will reflect immediately after the announcement has been made. In this case, you can choose to delay the team in question for hours or maybe days, then stake back your bet and cash out even before it starts.
How to Set Your Odds
Like we said earlier, setting your odds differs from each platform, we canât say much if it's the same in the case of Bitcoin slots. But it looks like it is a bit simpler on the Exchange platform. To do this, just:
- Add your bet slip. It doesn't matter if it is a lay or back bet.
- Input the odd you wish to add in the odd box provided.
- After you are done placing the bet, wait for it to get matched. But note that not every bet gets matched.
Note: There should always be someone on the other end of the bet waiting to accept your price.
Conclusion
We need to remind ourselves that not every gambling company has a provision for setting odds. Again, not every staking option allows their odds to be changed; you can often find this with those companies that offer Bitcoin slots games. Also, understand that setting your odds is a sure way to gamble like a professional. It gives you the opportunity to analyse a game and add the right odd figures. Although adding a higher odd comes with its own risk, the profitability is way more than the loss. But even with all the advantages, don't think it is easy to win, because you are bound to experience a few losses, especially at the beginning. Still, with a careful study of the whole process, you will surely benefit from the many opportunities that lie in this process.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.