Good Online Gambling Site Hints and Tips 53576928272359
Bookmakers and casinos give themselves an advantage and 99% of people fall into their «trap». How do they do this and what should be avoided?
On the surface, it looks OK. 36 numbers, choose one and acquire 35-1 in the event that you are correct right? Wrong. most of the people forget that you will find actually 37 numbers including zero (or maybe 38 with a double zero on American roulette). This make a major difference in terms of 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, the casino has instantly stacked the odds ever so subtly in their favour. Just the reduction of 1 point gives the house an edge of around 2.7%. Not only a lot you might think but over the course of Ł100,000 that’s Ł2700 in favour of the playing online casino 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 really 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 in fact 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.
Consequently the bookmaker is giving themselves a tremendous 10% margin on these kind of bets, the most typical of which are called «handicap bets». The handicap bets are setup in such a manner that there are only two possible outcomes, rated as equally likely. But regardless of what your decision is, 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’re in the business of making money after all.
So 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’s not something to rely on.