Playing Online Gambling Agent Position 78113983684961

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Playing Online Gambling Agent Position 78113983684961

Bookmakers and casinos give themselves an advantage and 99% of men and women 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.

Git.sicom.gov.co`s statement on its official blog the surface, it looks OK. 36 numbers, choose one and get 35-1 if you’re correct right? Wrong. the majority of people forget that you will discover actually 37 numbers including zero (and even 38 with a double zero on American roulette). This make a significant 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 within their favour. Just the reduction of 1 point gives the home an edge of around 2.seven percent. Not just 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 could 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 home by 1.35% which over the course of one day, could equal to thousands of pounds.

But this really is nothing in comparison to bookmakers.

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

Therefore the bookmaker is giving themselves a massive 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 manner that you will find only two possible outcomes, rated as equally likely. But regardless of what your choice is, the bookie stands to keep 10% of the actual odds. Not fair, you may think. Well, they are not going to give you anything for free. They may be 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 upon.

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