Excellent Online Casino Gambling Agency Platform 23367297771563

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Excellent Online Casino Gambling Agency Platform 23367297771563

Bookmakers and casinos give themselves an edge and 99% of people fall into their “trap”. How do this is accomplished and what should be avoided?

Let’s look-at the example of roulette in a learn online casino casino.

On the surface, it looks OK. 36 numbers, choose one and get 35-1 if you are correct right? Wrong. most of the people forget that you’ll find actually 37 numbers including zero (and even 38 with a double zero on American roulette). This make a major difference with regards to payouts. So just using European roulette, let’s crunch the numbers.

If you choose one number, the actual odds of getting that number correct is 1 in 37 or 36-1. So by offering 35-1, the casino has instantly stacked the odds ever so subtly in their favour. Just the reduction of 1 point gives the house an edge of about 2.7%. Not much of a lot you could think but over the course of Ł100,000 that’s Ł2700 in favour of the casino. A small margin but a margin nonetheless.

So what about red/black or odd/even? Again, it will appear to be a 50/50 bet. But with the inclusion of zero, you really have an 18 in 37 chance (48.65%). That favours the house by 1.35% which over the course of one day, could equate to thousands of pounds.

But this really is nothing compared to bookmakers.

As I have demonstrated, a “50/50” at a casino is in fact a 48.65/51.35 against you. At bookmakers, the margin is significantly greater. A seemingly 50/50 bet is usually priced up at 9/10 or 1.9 in decimal odds.

This means that the bookmaker is giving themselves an enormous 10% margin on these kind of bets, the most common of which are called “handicap bets”. The handicap bets are set up in such a way that you will find only two possible outcomes, rated as equally likely. But no matter what your choice is, the bookie stands to keep 10% of the specific odds. Not fair, you could think. Well, they are not going to give you anything for free. They are within the business of making money after all.

So, just how can you counter these edges?

It really is possible with bookmakers to employ a system of “handicap doubles”. I will explain this at another time. Otherwise, only good fortune will counter a bookie’s edge and that is not something to rely on.

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