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Bookmakers and casinos give themselves an advantage 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 acquire 35-1 if you’re correct right? Wrong. a lot of people forget that you will find actually 37 numbers including zero (and even 38 with a double zero on American roulette). This make a significant 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 click the next site the reduction of 1 point gives the house an advantage of around 2.7%. Not only a lot you may 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 house by 1.35% which over the course of one day, could equate to thousands of pounds.

But this is nothing in comparison to 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 generally priced up at 9/10 or 1.9 in decimal odds.

This means that the bookmaker is giving themselves a huge 10% margin on these sort of bets, the most typical 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 regardless of what your decision is, the bookie stands to keep 10% of the specific odds. Not fair, you might think. Well, they’re not going to give you anything for free. They can be in the business of making money after all.

So, just how can you counter these edges?

It really is possible with bookmakers to use 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 upon.