Learn Online Casino Aid 14664897923469

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Learn Online Casino Aid 14664897923469

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 casino.

On the surface, it looks OK. 36 numbers, choose one and obtain 35-1 in the event you are correct right? Wrong. lots of 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 regards to payouts. So just using European roulette, let’s crunch the numbers.

If you choose one number, Suggested Webpage the particular 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 within their favour. Just the reduction of 1 point gives the house an advantage of around 2.7 percent. Not just a lot you may 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 might 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 really 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 will be priced up at 9/10 or 1.9 in decimal odds.

Therefore the bookmaker is giving themselves an enormous 10% margin on these kind of bets, the most typical of that are called “handicap bets”. The handicap bets are setup in such a way that you can 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 in the business of making money after all.

So how can you counter these edges?

It’s possible with bookmakers to utilize 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 depend on.

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