Great Online Bet Option 84698678259822

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Great Online Bet Option 84698678259822

Bookmakers and casinos give themselves an advantage and 99% of men and women 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 get 35-1 in the event you are correct right? Wrong. most of the people forget that there are actually 37 numbers including zero (as well as 38 with a double zero on American roulette). This make a big difference in terms of payouts. So just using European roulette, let’s crunch the numbers.

If you choose one number, the specific 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 around 2.7%. Not only a lot you may think but over the course of Ł100,000 that is Ł2700 in favour of the casino. A small margin but a margin nonetheless.

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

But this is nothing compared to bookmakers.

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

Therefore the bookmaker is giving themselves a tremendous 10% margin on these sort of bets, the most typical of which are called “handicap bets”. The handicap bets are setup in such a way that there are actually only two possible outcomes, rated as equally likely. But regardless of what your decision is, the bookie stands to keep 10% of the particular odds. Not fair, you could think. Well, they are not going to give you anything for free. They’re within the business of making money after all.

So how can you counter these edges?

It’s 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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