Playing Online Gambling 96613746941631

[kristincandelari]

Playing Online Gambling 96613746941631

Bookmakers and casinos give themselves an advantage 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 acquire 35-1 in the event that you are correct right? Wrong. almost all people forget that there are actually actually 37 numbers including zero (or maybe 38 with a double zero on American roulette). This make a huge difference in 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 within their favour. Just the reduction of 1 point gives the home an advantage of about 2.7 percent. Not 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 might 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 house by 1.35% which over the course of one day, could equal to thousands of pounds.

But this is nothing compared to bookmakers.

As I’ve demonstrated, a “50/50” at a excellent casino is really 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.

Therefore the bookmaker is giving themselves a tremendous 10% margin on these kind of bets, the most usual of that are called “handicap bets”. The handicap bets are setup in such a manner that you will discover only two possible outcomes, rated as equally likely. But no matter what your choice is, the bookie stands to keep 10% of the actual odds. Not fair, you might think. Well, they are not going to give you anything for free. They’re in the business of making money after all.

Just 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 upon.

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