Great Online Casino Casino Option 64881511746135

Bookmakers and casinos give themselves an edge and 99% of people 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 playing online gambling get 35-1 in the event that you are correct right? Wrong. lots of people forget that you can find actually 37 numbers including zero (or maybe 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 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 within their favour. Just the reduction of 1 point gives the house an advantage of approximately 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 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 equal 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 normally priced up at 9/10 or 1.9 in decimal odds.

Consequently the bookmaker is giving themselves an enormous 10% margin on these sort of bets, the most typical of which are called «handicap bets». The handicap bets are set up in such a manner that there are actually only two possible outcomes, rated as equally likely. But no matter 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 can be within the business of making money after all.

Just how can you counter these edges?

It 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 that is not something to depend on.