Great Online Casino Casino Tutorial 72575785397252

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 acquire 35-1 in case you are correct right? Wrong. most individuals forget that you will find actually 37 numbers including zero (as well as 38 with a double zero on American roulette). This make a huge difference in regards 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 in their favour. Just the reduction of 1 point gives the house an advantage of approximately 2.seven percent. Not much of 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 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 can be priced up at 9/10 or 1.9 in decimal odds.

It means that the bookmaker is giving themselves a huge 10% margin on these sort of bets, the most usual of that are called «handicap bets». The handicap bets are setup in such a way that you can find only two possible outcomes, rated as equally likely. But no matter what your decision is, the bookie stands to Keep Reading 10% of the specific odds. Not fair, you may think. Well, they are not going to give you anything for free. They’re within the business of making money after all.

Now how can you counter these edges?

It’s 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 count on.