Quality Online Gambling Handbook 16978872822714

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Quality Online Gambling Handbook 16978872822714

Bookmakers and casinos give themselves an advantage and 99% of individuals 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. almost all people forget that there are actually 37 numbers including zero (as well as 38 with a double zero on American roulette). This make a major difference with regards to payouts. So just using European roulette, let’s crunch the numbers.

If you choose one number, the particular odds of getting that number correct is 1 in 37 or 36-1. So by offering 35-1, gamble online 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 approximately 2.seven percent. Not 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 would 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 compared to bookmakers.

As I’ve demonstrated, a “50/50” at a casino is in fact 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.

This means the bookmaker is giving themselves a huge 10% margin on these kind of bets, the most typical of which are called “handicap bets”. The handicap bets are set up in such a manner 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 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 is 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 rely on.

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