Great Online Casino Gambling Agent Positions 17117683239944
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, visit site choose one and get 35-1 in the event that you are correct right? Wrong. many people forget that you will find actually 37 numbers including zero (or even 38 with a double zero on American roulette). This make a huge difference on the subject of 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 edge of around 2.7 percent. Not just 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 will 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 compared to bookmakers.
As I have demonstrated, a "50/50" at a casino is really 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.
Therefore the bookmaker is giving themselves a huge 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 way that there are actually only two possible outcomes, rated as equally likely. But regardless of what your choice is, the bookie stands to keep 10% of the particular odds. Not fair, you could think. Well, they are 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 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 that is not something to depend upon.