Good Online Casino Understanding 58292928216886

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Good Online Casino Understanding 58292928216886

Bookmakers and casinos give themselves an advantage and 99% of individuals fall into their “trap”. How do they do this and what should be avoided?

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

On the surface, it looks OK. 36 numbers, choose one and obtain 35-1 in the event that you are correct right? Wrong. many people forget that there are actually 37 numbers including zero (and even 38 with a double zero on American roulette). This make a major difference in terms of 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 home an edge of about 2.seven percent. Not just a lot you might 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 truly 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 is nothing when compared with bookmakers.

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

Therefore the bookmaker is giving themselves an enormous 10% margin on these sort of bets, click through the up coming webpage most common of which are called “handicap bets”. The handicap bets are setup in such a way that you will discover only two possible outcomes, rated as equally likely. But regardless of what your choice is, the bookie stands to keep 10% of the specific odds. Not fair, you may think. Well, they’re not going to give you anything for free. They may be within the business of making money after all.

So how can you counter these edges?

It’s possible with bookmakers to work with 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 count on.

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