Safe Online Casino Knowledge 17989493649792

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Safe Online Casino Knowledge 17989493649792

Bookmakers and casinos give themselves an edge and 99% of folks 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 case you are correct right? Wrong. plenty of people forget that there are actually 37 numbers including zero (or maybe 38 with a double zero on American roulette). This make a huge difference in relation 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 edge of approximately 2.seven percent. Not much of a lot you could 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 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 home by 1.35% which over the course of one day, could equate to thousands of pounds.

But this really 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, the margin is significantly greater. A seemingly 50/50 bet can be priced up at 9/10 or 1.9 in decimal odds.

It means that the bookmaker is giving themselves a tremendous 10% margin on these kind of bets, the most frequent of which are called “handicap bets”. The handicap bets are set up in such a way that you’ll 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’re not going to give you anything for quality online gambling site free. They may be in the business of making money after all.

Just how can you counter these edges?

It is possible with bookmakers to make use of a system of “handicap doubles”. I will explain this at another time. Otherwise, only good fortune will counter a bookie’s edge and which is not something to rely upon.

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