Safe Quality Casino Guidebook 83541548112623

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Safe Quality Casino Guidebook 83541548112623

Bookmakers and casinos give themselves an edge and 99% of individuals 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 the event you are correct right? Wrong. most individuals 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 when it comes to 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 house an edge of about 2.7 percent. Not really 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 could 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 equate to thousands of pounds.

But this is nothing when compared with 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 usually priced up at 9/10 or 1.9 in decimal odds.

This means the bookmaker is giving themselves a tremendous 10% margin on these sort of bets, the most usual of that are called “handicap bets”. The handicap bets are set up in such a way that you can find only two possible outcomes, rated as equally likely. But no matter what your choice is, fantastic online gambling agency the bookie stands to keep 10% of the actual odds. Not fair, you might think. Well, they’re not going to give you anything for free. They may be within the business of making money after all.

So, just how can you counter these edges?

It really is 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 which is not something to depend on.

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